Answer
E) 80.9 days
Explanation
Days Sales of Inventory = (Ending Inventory / Cost of Goods Sold) x 365
Where,
Ending Inventory = $2,089 million
Cost of Goods Sold = $9,421 million
Days Sales of Inventory = (2089 / 9421) x 365 = 80.9 days
Answer: 20
Explanation:
We make a divide $60/3= 20 therefore Anna got 20 oranges!
Answer:
The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero
Break Even sales for Company wide = $378,000
Break Even Value for Chicago is $111,429
And Break Even Value for Minneapolis is $120,000
The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.
Explanation: