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

Author Question: Swenson Glass had cost of goods sold for the year of 6,240,000. The beginning inventory at cost was ... (Read 138 times)

ETearle

  • Hero Member
  • *****
  • Posts: 580
on: Jun 24, 2018
Swenson Glass had cost of goods sold for the year of 6,240,000. The beginning inventory at cost was 586,300 and the ending inventory at cost amounted to 492,900. a. What was the average inventory for the year? b. What was the actual inventory turnover rate at cost for the company? (Round your answer to the nearest tenth)

Question 2

Easy Patterns Fabric buys merchandise with a list price of 9,500. Use the net price, complement method to find the net price if the wholesaler offers trade discounts of 25/10/5. (Round to the nearest penny)
 A) 6,900.35
  B) 5,622.03
  C) 4,700.05
  D) 6,091.88


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 539,600
b. 11.6 times

Answer to Question 2

D


ETearle

  • Member
  • Posts: 580
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the 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?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

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
Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe Effects of Therapy for Stuttering A functional MRI scan shows regions of the superior temporal lobe
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
The year 2010 was the hottest since 1880 The year 2010 was the hottest since 1880
A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ... A diver shines light up to the surface of a flat glass-bottomed boat at an angle of 30 relative ...
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library