Author Question: The net sales for Casual Fashions, Inc last year amounted to 1,126,800 and the average inventory at ... (Read 45 times)

magmichele12 · **on:** Jun 24, 2018

The net sales for Casual Fashions, Inc last year amounted to 1,126,800 and the average inventory at retail was 212,604. The published inventory turnover at retail is 6. Calculate the inventory turnover at retail, and if it is less than the published rate, calculate the target average inventory at retail. (Round your answer to the nearest dollar)
A) Turnover is greater
B) 178,800
C) 187,800
D) 212,500

Question 2

What information does the following term or section of an invoice provide? Shipped Via
A) Price for each unit of merchandise
B) Name of freight company handling the shipment
C) Used in quoting shipping charges
D) Total amount of merchandise and all other charges