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Author Question: The average inventory at retail for Flying Fishes Inc was 260,510. The turnover rate at retail was ... (Read 267 times)

Destiiny22

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on: Jun 24, 2018
The average inventory at retail for Flying Fishes Inc was 260,510. The turnover rate at retail was 5.1, based on net sales of 1,328,600. The published inventory turnover at retail is 7. Since the actual turnover rate is less than the published rate, find the target average inventory at retail.(Round your answer to the nearest dollar)
 A) 357,563
  B) 260,510
  C) 189,800
  D) 450,310

Question 2

A discount store purchased some special product at a list price of  6,300. If the broker gives a 30.5 trade discount rate, what is the amount of the trade discount?
 A) 1,921.50
  B) 4,378.50
  C) 2,950.00
  D) 1,706.00


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canderson530

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

C

Answer to Question 2

A


Destiiny22

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Reply #2 on: Jun 24, 2018
Thank you :)


canderson530

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Reply #3 on: Jun 24, 2018
Happy to help you


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