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

Author Question: The average inventory at retail for Modern Age Furniture was 1,389,008. The turnover rate at retail ... (Read 198 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jun 24, 2018
The average inventory at retail for Modern Age Furniture was 1,389,008. The turnover rate at retail was 2.6, based on net sales of 3,611,420. The published inventory turnover at retail is 5.3. Since the actual turnover rate is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)
 A) 1,570,200
  B) 207,400
  C) 888,800
  D) 681,400

Question 2

What information does the following term or section of an invoice provide: F.O.B. destination?
 A) The buyer pays all transportation charges from the seller's location
  B) The seller pays all transportation charges to the buyer's location
  C) The freight charges are negotiable
  D) The freight charges are not negotiable


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Cnarkel

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Davideckstein7

  • Member
  • Posts: 555
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Rate enhancement by entropy reduction Rate enhancement by entropy reduction
Average optimal blood pressure for age Average optimal blood pressure for age
Features of the skull of anatomically modern Homo sapiens. Features of the skull of anatomically modern Homo sapiens.
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Russel Wright, American Modern dinnerware. Russel Wright, American Modern dinnerware.
The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho The rate of replacement of a recessive allele d by the dominant allele D by mutation alone. Even tho
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library