This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The average inventory at retail for the year for Quick Printing was 528,500. Their net sales for the ... (Read 127 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
on: Jun 24, 2018
The average inventory at retail for the year for Quick Printing was 528,500. Their net sales for the year were 3,645,000. The inventory turnover rate published for a business of this size is 7.5 times. a. Calculate the actual inventory turnover rate for the company. (Round your answer to the nearest tenth) b. If the turnover rate is below the industry standard of 7.5 times, calculate the target average inventory needed to match the industry standard.

Question 2

Find the net price for an order of television sets with a list price of 16,000, less trade discounts of 35/20/15. Use the net price, complement method for your answer.
 A) 11,249
  B) 7,072
  C) 4,821
  D) 8,928


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 6.9 times
b. 486,000

Answer to Question 2

B


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 24, 2018
:D TYSM

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
Caleb Goodwin, Inventory of Slaves and Livestock. Caleb Goodwin, Inventory of Slaves and Livestock.
Dragon Chinese new year 2023 Dragon Chinese new year 2023
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Otitis Media

For a complete list of videos, visit our video library