« previous next »

Author Question: The average inventory at cost for the year for Media Industries was 162,300. Their cost of goods ... (Read 92 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
The average inventory at cost for the year for Media Industries was 162,300. Their cost of goods sold for the year was 738,400. The inventory turnover rate published for a business of this size is 5.2 times. a. Calculate the actual inventory turnover rate at cost for the company. (Round your answer to the nearest tenth) b. If the turnover rate is below the industry average of 5.2 times, calculate the target average inventory needed to match the industry standard.

Question 2

Find the net price for a three piece set of coffee tables with a list price of 2,500, less trade discounts of 25/20/15. Use the net price, complement method.
 A) 1,225
  B) 1,275
  C) 1,500
  D) 1,000


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 4.5 times
b. 142,000

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
Functional MRI Scans These scans of human brains show localized average increases in neural activity Functional MRI Scans These scans of human brains show localized average increases in neural activity
Typical Startup Cost Categories Typical Startup Cost Categories
Average household size Average household size
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Walking into new year kids drawing Walking into new year kids drawing
Video: Carbohydrate digestion (brush border enzymes, end products) & Carb absorption (fructose, galactose)

For a complete list of videos, visit our video library