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Author Question: The current inventory turnover at retail for Jennifer's Lingerie is 3.8, based on net sales of ... (Read 87 times)

nautica902

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on: Jun 24, 2018
The current inventory turnover at retail for Jennifer's Lingerie is 3.8, based on net sales of 3,270,490. The published inventory turnover at retail is 5.2. Since the actual turnover rate is less than the published rate, find the target average inventory at retail.

Question 2

Find the net price for an order of gift items with a list price 24,000 less trade discounts of 30/25/15. Use the net price, complement method.
 A) 18,400.00
  B) 13,209.40
  C) 7,200.00
  D) 10,710.00


ghepp

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Reply #1 on: Jun 24, 2018
Answer to Question 1

628,940.38

Answer to Question 2

D


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