A store owner planned to give away 1,200 at Christmas. The owner ...

[Alainaaa8]

A store owner planned to give away 1,200 at Christmas. The owner gave 100 to each of the 4 regular employees and 25 to each of the 3 temporary employees. The remaining money was given to a local charity. Compute the amount the local charity received.

Question 2

Junk Jewelry, Inc takes inventory annually and bases inventory on selling price. Beginning inventory for the year was 38,600 . Ending inventory for the year was 31,600 . Net sales for the year equal 97,600 . Compute the inventory turnover at retail.

[jessofishing]

Answer to Question 1

725 to charity

Answer to Question 2

2.78, or 2.8 times

[Alainaaa8]

Excellent

[lcapri7]

Thanks for the timely response, appreciate it