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Author Question: A store owner planned to give away 1,200 at Christmas. The owner gave 100 to each of the 4 regular ... (Read 105 times)

Alainaaa8

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on: Jun 24, 2018
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.


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jessofishing

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

725 to charity

Answer to Question 2

2.78, or 2.8 times


Alainaaa8

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

billybob123

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

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