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Author Question: Becker Beverages Company had net sales of 320,000 for the year. The beginning inventory at retail ... (Read 113 times)

fnuegbu

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on: Jun 24, 2018
Becker Beverages Company had net sales of 320,000 for the year. The beginning inventory at retail was 65,620, a mid-year inventory amounted to 60,800, and the ending inventory was 63,300. a. What was the average inventory for the year? b. What was the actual inventory turnover rate at retail for the year?

Question 2

Calculate the trade discount amount of merchandise with a list price of 5,000 less trade discounts of 40/20/15.
 A) 2,960
  B) 2,040
  C) 3,750
  D) 1,250


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cici

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

a. 63,240
b. 5.1 times

Answer to Question 2

A


fnuegbu

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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