« previous next »

Author Question: The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, ... (Read 65 times)

burchfield96

  • Hero Member
  • *****
  • Posts: 610
on: Jun 24, 2018
The average inventory at cost for Western Gear, Inc was 367,985. The turnover rate at cost was 3.4, based on cost of goods sold of 1,251,150. The published inventory turnover at cost is 5.7. Since the actual turnover rate is less than the published rate, calculate the target average inventory at cost. (Round your answer to the nearest dollar)
 A) 148,500
  B) 219,500
  C) 367,900
  D) 368,000

Question 2

The Canine Shop orders special powders and oils with a list price of 1,500. The supplier extends a 4 trade discount rate. What is the net price?
 A) 1,400
  B) 84
  C) 1,440
  D) 60


HandsomeMarc

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Changes in the abundance and egg-hatching success rate of prairie chickens. Changes in the abundance and egg-hatching success rate of prairie chickens.
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ... Spring force, crankcase pressure, and intake manifold vacuum work together to regulate the flow rate ...
Western blot patterns for different Borrelia antigens: (a) IgG Western and (b) IgM Western. Western blot patterns for different Borrelia antigens: (a) IgG Western and (b) IgM Western.
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Protein catabolism (Krebs cycle) and Protein anabolism (protein synthesis)

For a complete list of videos, visit our video library