This topic contains a solution. Click here to go to the answer

Author Question: The cost of goods sold for Home Depot last year amounted to 3,530,800 and the average inventory at ... (Read 158 times)

Garrulous

  • Hero Member
  • *****
  • Posts: 686
The cost of goods sold for Home Depot last year amounted to 3,530,800 and the average inventory at cost was 1,574,182. The published inventory turnover at cost is 5.2. Calculate the inventory turnover at cost, and if it is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
 A) 302,727
  B) 679,000
  C) 490,864
  D) 981,727

Question 2

Calculate the net price of merchandise listing for 5,900 less a trade discount rate of 45.
 A) 2,655
  B) 3,760
  C) 3,245
  D) 2,065



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

C




Garrulous

  • Member
  • Posts: 686
Reply 2 on: Jun 24, 2018
Gracias!


carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

 

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

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.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

For a complete list of videos, visit our video library