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 100 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
YES! Correct, THANKS for helping me on my review

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Posey quick release tie Posey quick release tie
A software inventory log. A software inventory log.
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
essay on friendship written by a 10-year-old essay on friendship written by a 10-year-old
Chinese new year 2023 Chinese new year 2023
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library