answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frutty [35]
1 year ago
14

Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the

year and $34,338 at the end of the year. What is the inventory turnover ratio? (Round your final answer to 1 decimal place.)
Business
2 answers:
wariber [46]1 year ago
7 0

Answer:

Inventory Turnover Ratio = 13 Times.

Explanation:

  • Inventory Turnover Ratio = Cost of Goods Sold ÷ Average Inventory
  • Average Inventory = (Opening Inventory+Closing Inventory) ÷ 2

Calculating average inventory first = (30,083+34,338) ÷ 2 = $32,210.5

Cost of goods sold = $ 428,600

Inventory Turnover ratio = $428,600 ÷ $ 32,210.5 = 13.3 times

RoseWind [281]1 year ago
3 0

Answer:

The inventory turnover ratio is 13.3 times.

Explanation:

The inventory turnover ratio is a measure to see how many times the average inventory of the business has been sold or turned over during a period of time. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory.

The average inventory = (opening inventory + closing inventory) / 2

Average inventory = (30083 + 34338) / 2  = 32210.5

Inventory turnover ratio = 428600 / 32210.5  = 13.3

You might be interested in
A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,
Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

4 0
1 year ago
Given the following information, determine if one of the brands is a better buy.
valentina_108 [34]
Your answer is:
B. Brand A is the better buy.
Why?
This is because if you divide 33.18 by 14 you get 2.37. If you do the same with Brand B, you get 2.40
8 0
1 year ago
Read 2 more answers
Which two statements are true about batch size, lead time, and utilization? (Choose two.)
Nataly_w [17]

Answer:

The answers are b. As batch size increases, lead time decreases and d. Batch size is influenced by the Product Owner, utilization is influenced by the Development Team

Explanation:

Invariably, a larger batch size leads to increase in lead time due to the fact that it will take lesser time to process smaller batches and when there's a larger batch it takes more time. And ultimately, the batch size is influenced by the product owner because he/she determines the sixe of each product batch based on market demand while the development team conducts tests for utilization which guides them in making decisions that influence utilization.

6 0
1 year ago
How does newton's law apply to a company's brand? explain, citing at least one example. the bigger the brand the more force it t
LUCKY_DIMON [66]

Answer:

Explanation:

The person who spoke says that, if the the brand is very huge, (so also it will have a huge baggage ), by this , the force that will be needed to change its positioning will be high. An example is companies like

Unilever, P&G like to keep all the brands they have differently like Pringles and cornflakes and another example is companies like Hoover found it very hard to convince the world that they were more than vaccum cleaners as a brand.

6 0
1 year ago
Davidson offers several solutions to the major issues, stating that fiscally we are actually not a nation that is divided on the
Mila [183]
QUESTION 1.
Some of the fiscal solutions that Davidson mentions tweaking in a bid to cut government spending multiple subtle ways <span>are as follows:
I. R</span>aise social security retirement age
II. Reduce medicare for wealthy seniors
III. Raise medical <span>healthcare contributions


</span>QUESTION 2.
According to Davidson, the republican and the democrat philosophies are two fundamentally different economic philosophies that impact the debt crisis faced by the United States. In his opinion, the republicans want a system in which the government’s only job should be to create an efficient society, whereas the Democrats aim at making sure that everyone lives in an “equitable, fair society”. I think I would agree more with the Democrat philosophy because equity and fairness to everyone is<span> a key public value outcome in every society.


</span>
QUESTION 3.
<span>The two fiscal issues that are hyper-partisan are as follows:
I. </span>Military defense spending.
II. I<span>ssues of taxes
</span>- The parties are so divided chiefly because they have extreme opposites points of view on several issues.
- On the issues, I lean towards the Democrat view. 


QUESTION 4.
Towards the end of his talk, Davidson says he fears that the longer we delay any solution, the more the world will look to the U.S. not as the bedrock of stability in the global economy, but as a place that can't resolve its own fights. He explains that the higher interest rates are going to be, the quicker we're going to have to face a day of horrible calamity.
4 0
2 years ago
Other questions:
  • "jerrod dean starts the month with a balance on his credit card of $1,000. on the 10th day of the month, he purchases $200 in cl
    11·2 answers
  • Consider this information about an activity: es = 12, ef = 18, ls = 14, lf = 20. what is the amount of slack associated with thi
    6·2 answers
  • Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation; each contributed $80,000 cash to start the bu
    14·1 answer
  • Caren's Canoes is considering relaxing its credit standards to encourage more sales. As a result, sales are expected to increase
    7·1 answer
  • In addition to issuing accounting standards, the FASB has formulated a conceptual _______ to provide an underlying theoretical a
    10·1 answer
  • Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something th
    8·1 answer
  • Adonis Corporation issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the
    6·1 answer
  • Joe Beary wants to attend Riverside College. Eight years from today he will need $50,000. If Joe's bank pays 6% interest compoun
    14·1 answer
  • Flow Company has provided the following information for the year ended December 31, 2019:
    14·1 answer
  • McGaha Enterprises expects earnings and dividends to grow at a rate of 28% for the next 4 years, after the growth rate in earnin
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!