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 85 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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Spiral Galaxy Messier 83 Spiral Galaxy Messier 83
Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009 Portrait of Typical 12-year-old Boy and Girl, 1981 and 2007-2009
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Buffers definition and the role of buffer in the body

For a complete list of videos, visit our video library