Author Question: The average inventory at retail for Modern Age Furniture was 1,389,008. The turnover rate at retail ... (Read 199 times)

Davideckstein7 · **on:** Jun 24, 2018

The average inventory at retail for Modern Age Furniture was 1,389,008. The turnover rate at retail was 2.6, based on net sales of 3,611,420. The published inventory turnover at retail is 5.3. 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) 681,400

Question 2

What information does the following term or section of an invoice provide: F.O.B. destination?
A) The buyer pays all transportation charges from the seller's location
B) The seller pays all transportation charges to the buyer's location
C) The freight charges are negotiable
D) The freight charges are not negotiable