« previous next »

Author Question: The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, ... (Read 64 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 24, 2018
The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, based on cost of goods sold of 1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
 A) 148,500
  B) 219,500
  C) 367,900
  D) 368,000

Question 2

The Canine Shop orders special powders and oils with a list price of 1,500. The supplier extends a 4 trade discount rate. What is the net price?
 A) 1,400
  B) 84
  C) 1,440
  D) 60


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Effects of growth rate on development. Effects of growth rate on development.
Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Average Global Temperature during the Phanerozoic Average Global Temperature during the Phanerozoic
Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ... Homer: In the Western classical tradition Homer is the author of the Iliad and the Odyssey, and is ...
Advection of an air mass with a different ELR (environmental lapse rate). Advection of an air mass with a different ELR (environmental lapse rate).
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library