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

Author Question: Cost of goods sold for Califant Industries was 989,420 for the year. If the beginning inventory at ... (Read 103 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 24, 2018
Cost of goods sold for Califant Industries was 989,420 for the year. If the beginning inventory at cost was 603,700 and the ending inventory at cost was 414,200, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 1.9 Times
  B) 2.4 Times
  C) 2.0 Times
  D) 3.2 Times

Question 2

What was the trade discount rate if items sold with a list price of 7,550 were sold at a net price of 5,220? (Round to the nearest whole percent)
 A) 31
  B) 65
  C) 35
  D) 58


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

A


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 24, 2018
Excellent

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

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.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

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
A 100-Year Flood Map of Montpelier, Vermont A 100-Year Flood Map of Montpelier, Vermont
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
W-2 form issued to employees at the end of the year. W-2 form issued to employees at the end of the year.
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Humans have evolved, beginning in Africa Humans have evolved, beginning in Africa
Video: Immune responses Animation

For a complete list of videos, visit our video library