« previous next »

Author Question: Cost of goods sold for Abe Distributors was 538,330 for the year. If the beginning inventory at cost ... (Read 119 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jun 24, 2018
Cost of goods sold for Abe Distributors was 538,330 for the year. If the beginning inventory at cost was 112,700 and the ending inventory at cost was 301,400, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 1.8 Times
  B) 2.6 Times
  C) 2.7 Times
  D) 4.8 Times

Question 2

The ___________________ _ period is the time period in which a buyer can take advantage of the cash discount.
 Fill in the blank(s) with correct word


Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

cash discount


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Rabbit meat sold commercially Rabbit meat sold commercially
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ... Analysts expect Virtucon to make payouts of $8.7643B at the end of this year. Assume that all ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library