Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Wildhorse Co.had net credit sales of $13016000 and cost of goods sold of $9225000 for the year. The average inventory for the year amounted to

image text in transcribed

Wildhorse Co.had net credit sales of $13016000 and cost of goods sold of $9225000 for the year. The average inventory for the year amounted to $ 1273000. The inventory turnover for the year is 10.2 times. 1.4 times. 3 times. 7.2 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Guide To The Implementation And Auditing Of ISMS Controls Based On ISO/IEC 27001

Authors: Edward Humphreys

1st Edition

0580829103, 978-0580829109

More Books

Students also viewed these Accounting questions

Question

★★★★★

How does each of the following affect the power of a planned study? (a) A larger predicted difference between the means of the populations. (b) A larger population standard deviation. (c) A larger...

Answered: 1 week ago

Question

★★★★★

Identify the role that interpersonal relationships play inorganizational success.

Answered: 1 week ago

Question

★★★★★

Find numerous books and films that feature lead characters who look like you?

Answered: 1 week ago

Question

★★★★★

You have been chosen to work on the BEV project which will require you to answer the following questions: (a) What are the major challenges and issues trucking companies face presently? (b) What...

Answered: 1 week ago

Question

★★★★★

Journalize each of the following transactions assuming a periodic inventory system and PST at 8% along with 5% GST. June 1 Purchased $3,800 of merchandise; terms 1/10,n/30. 5 Sold $2,800 of...

Answered: 1 week ago

Question

★★★★★

Explain the "shared view" of the service concept. How is it influenced by the business proposition? What is the challenge of this dimension? 2. Explain how the shared view may be reconciled - A) from...

Answered: 1 week ago

Question

★★★★★

Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a...

Answered: 1 week ago

Question

★★★★★

All questions are about NAFTA: 4-5+ sentences per question Are you able to describe the social environment impact on business NAFTA created? Based on your opinion, do you see a need for changes in...

Answered: 1 week ago

Question

★★★★★

You are a senior leader in a school or business and have been asked to conduct an internal audit of the organization's HR functions. If you were to write a memo to supervisors in your organization...

Answered: 1 week ago

Question

★★★★★

Determine the position of the centre of gravity (c.g.) and 2nd moment of inertia with respect to c.g. of the section shown below, where A = 6 mm and B 4 mm. X B a) Calculate the X = b) y A B mm with...

Answered: 1 week ago

Question

★★★★★

Create a variable named "$Cred" and use a parenthetical with the Get-Credential cmdlet Run this line of code and it will prompt you for the Username and Password for the remote computer. The results...

Answered: 1 week ago

Question

★★★★★

Prepare competently a variety of positive and neutral messages using the direct plan.

Answered: 1 week ago

Question

★★★★★

Distinguish between poor and good positive and neutral messages.

Answered: 1 week ago

Question

★★★★★

Describe the four specific guidelines for using the direct plan.

Answered: 1 week ago

Previous Question Next Question