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Author Question: The average inventory at retail for the year for Quick Printing was 528,500. Their net sales for the ... (Read 101 times)

Alygatorr01285

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on: Jun 24, 2018
The average inventory at retail for the year for Quick Printing was 528,500. Their net sales for the year were 3,645,000. The inventory turnover rate published for a business of this size is 7.5 times. a. Calculate the actual inventory turnover rate for the company. (Round your answer to the nearest tenth) b. If the turnover rate is below the industry standard of 7.5 times, calculate the target average inventory needed to match the industry standard.

Question 2

Find the net price for an order of television sets with a list price of 16,000, less trade discounts of 35/20/15. Use the net price, complement method for your answer.
 A) 11,249
  B) 7,072
  C) 4,821
  D) 8,928


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Jody Vaughn

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

a. 6.9 times
b. 486,000

Answer to Question 2

B


Alygatorr01285

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

abro1885

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

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