Author Question: Wycombe Hobby Shop had a cost of goods sold for the year of 160,240. The targeted average inventory ... (Read 106 times)

tiffannnnyyyyyy · **on:** Jun 24, 2018

Wycombe Hobby Shop had a cost of goods sold for the year of 160,240. The targeted average inventory needed to match the industry standard is 48,200. What is the published industry standard for inventory turnover? (Round to nearest tenth)

Question 2

Find the net price for an order of tires with a list price of 15,000, less trade discounts of 30/25/10. Use the net price, complement method.
A) 5,250.00
B) 9.750.00
C) 7,912.50
D) 7,087.50