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

Author Question: Cost of goods sold for Califant Industries was 989,420 for the year. If the beginning inventory at ... (Read 71 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 24, 2018
Cost of goods sold for Califant Industries was 989,420 for the year. If the beginning inventory at cost was 603,700 and the ending inventory at cost was 414,200, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 1.9 Times
  B) 2.4 Times
  C) 2.0 Times
  D) 3.2 Times

Question 2

What was the trade discount rate if items sold with a list price of 7,550 were sold at a net price of 5,220? (Round to the nearest whole percent)
 A) 31
  B) 65
  C) 35
  D) 58


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

micaelaswann

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

A


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Jun 24, 2018
Excellent

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
The correct beginning position for the patient’s feet and crutches (tripod position). The correct beginning position for the patient’s feet and crutches (tripod position).
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library