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Author Question: A company had November and December sales last year of 45,00 . and 55,000 . respectively, and ... (Read 72 times)

leilurhhh

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on: Jun 24, 2018
A company had November and December sales last year of 45,00 . and 55,000 . respectively, and November sales this year of 30,00 . . Compute the amount needed to be sold in December to equal last year's November and December sales.

Question 2

Bud's Blooms takes inventory quarterly and bases inventory on selling price. Beginning inventory for the year was 264,500 . Inventory at the end of the first quarter was 267,200 . at the end of the second quarter, 271,000 . at the end of the third quarter, 273,000 . and at the end of the year, 265,300 . Net sales for the year equal 777,780 . Compute the inventory turnover at retail.


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31809pancho

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Reply #1 on: Jun 24, 2018
Answer to Question 1

70,00 . December sales

Answer to Question 2

2.9 times


leilurhhh

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

kswal303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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