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Author Question: A company purchased 26 desks for 240 each and 18 chairs for 59 each. Compute the total purchase ... (Read 67 times)

Kthamas

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on: Jun 24, 2018
A company purchased 26 desks for 240 each and 18 chairs for 59 each. Compute the total purchase price.

Question 2

Purrfect Pet Shop takes inventory semiannually and bases inventory on selling price. Beginning inventory for the year was 67,320 . Inventory at the end of the first six months was 79,680 . Ending inventory for the year was 82,500 . Net sales for the year equal 183,750 . Compute the inventory turnover at retail.


chem1s3

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

7,302

Answer to Question 2

2.4 times


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