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

Author Question: The average inventory at retail for Modern Age Furniture was 1,389,008. The turnover rate at retail ... (Read 257 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 24, 2018
Gracias!

komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Modern jawless fish Modern jawless fish
Inventory of the Universe Inventory of the Universe
Population growth rate % Population growth rate %
Birth of Modern Astronomy Birth of Modern Astronomy
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10 The radius of the Sun is 6.95 × 108 m. It radiates heat at the rate of 5.32 x 10
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library