« previous next »

Author Question: The average inventory at cost for the year for Media Industries was 162,300. Their cost of goods ... (Read 84 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
The average inventory at cost for the year for Media Industries was 162,300. Their cost of goods sold for the year was 738,400. The inventory turnover rate published for a business of this size is 5.2 times. a. Calculate the actual inventory turnover rate at cost for the company. (Round your answer to the nearest tenth) b. If the turnover rate is below the industry average of 5.2 times, calculate the target average inventory needed to match the industry standard.

Question 2

Find the net price for a three piece set of coffee tables with a list price of 2,500, less trade discounts of 25/20/15. Use the net price, complement method.
 A) 1,225
  B) 1,275
  C) 1,500
  D) 1,000


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 4.5 times
b. 142,000

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ... The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Topic Media Topic Media
The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva The temperature of an average lightning bolt is 3.0 x 104 °C. What is the equiva
Video: Structure of a Ribosome

For a complete list of videos, visit our video library