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 164 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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Giant Elliptical Galaxy M87 Giant Elliptical Galaxy M87
Hospitalization per year Hospitalization per year
Foods for Baby’s First Year Foods for Baby’s First Year
Barred Spiral Galaxy Barred Spiral Galaxy
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Rods and Cones Animation

For a complete list of videos, visit our video library