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Author Question: The current inventory turnover at retail for Johnny's Apple Shop is 2.8, based on net sales of ... (Read 78 times)

Deast7027

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on: Jun 24, 2018
The current inventory turnover at retail for Johnny's Apple Shop is 2.8, based on net sales of 2,546,460. The published inventory turnover at retail is 4.2. Since the actual turnover rate is less than the published rate, find the target average inventory at retail.

Question 2

All-Ways Green Gardens buys plants with a list price of 15,000. If the supplier extends trade discounts of 20/15/1, what is the trade discount amount?
 A) 1,025.15
  B) 4,902.00
  C) 1,150.00
  D) 3,750.25


makaylafy

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  • Posts: 347
Reply #1 on: Jun 24, 2018
Answer to Question 1

606,300

Answer to Question 2

B


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