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

Author Question: Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory ... (Read 132 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
Cost of goods sold for Galaxy Manufacturers was 3,545,000 for the year. If the beginning inventory at cost was 950,250 and the ending inventory at cost was 735,875, find the inventory turnover at cost. (Round your answer to the nearest tenth)
 A) 3.5 Times
  B) 1.9 Times
  C) 5.4 Times
  D) 4.2 Times

Question 2

The ___________________ _ period is the time period that the seller allows the buyer to pay an invoice.
 Fill in the blank(s) with correct word


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

credit


aabwk4

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jun 24, 2018
Correct answers!


kjohnson

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

20,000 year old Arctic ground squirrel mummy 20,000 year old Arctic ground squirrel mummy
A Starburst Galaxy A Starburst Galaxy
This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
Barred Spiral Galaxy Barred Spiral Galaxy
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library