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

Author Question: The average inventory at retail for the year for Quick Printing was 528,500. Their net sales for the ... (Read 115 times)

Alygatorr01285

  • Hero Member
  • *****
  • Posts: 564
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jody Vaughn

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 6.9 times
b. 486,000

Answer to Question 2

B


Alygatorr01285

  • Member
  • Posts: 564
Reply 2 on: Jun 24, 2018
Excellent

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
U.S. Life Expectancy by Year of Birth U.S. Life Expectancy by Year of Birth
A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library