Author Question: The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, ... (Read 31 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, based on cost of goods sold of 1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
 A) 148,500
  B) 219,500
  C) 367,900
  D) 368,000

Question 2

The Canine Shop orders special powders and oils with a list price of 1,500. The supplier extends a 4 trade discount rate. What is the net price?
 A) 1,400
  B) 84
  C) 1,440
  D) 60



HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

For a complete list of videos, visit our video library