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

Author Question: Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory ... (Read 158 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory at cost was 950,250 and the ending inventory at cost was 735,875, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 3.5 Times
  B) 1.9 Times
  C) 5.4 Times
  D) 4.2 Times

Question 2

The ___________________ _ period is the time period that the seller allows the buyer to pay an invoice.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

credit


aabwk4

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jun 24, 2018
Correct answers!


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

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.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
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 ...
Honey should never be given to children younger than one year of age Honey should never be given to children younger than one year of age
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Video: Eczema

For a complete list of videos, visit our video library