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Author Question: The average inventory at retail for The New Age Furniture Store was 2,575,350. The turnover rate at ... (Read 250 times)

bclement10

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on: Jun 24, 2018
The average inventory at retail for The New Age Furniture Store was 2,575,350. The turnover rate at retail was 3.0, based on net sales of 7,726,050. The published inventory turnover at retail is 4.9. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail.(Round your answer to the nearest dollar)
 A) 1,570,200
  B) 207,400
  C) 888,800
  D) 1,576,745

Question 2

Morgan bought the following: 27 Wren Houses  12.00, 31 Bluebird Houses  21.50, and 17 Bird Feeders  19.75. The shipping charges were 68.00. What was the total invoice charge?
 A) 2,214.50
  B) 1,587.50
  C) 1,394.25
  D) 1,590.00


marict

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

D

Answer to Question 2

C


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