Financial statement data at December 31 for Alpine Company are as follows: Cost of goods sold$1,050,000 Inventories: Beginning of year380,000 End of year320,000 Determine the number of days' sales in inventory for the year. a.121.7 days b.132.1 days c.118.8 days d.111.2 days

Answers

Answer 1

The number of days' sales in inventory for the year is: a.121.7 days .

Number of days' sales in inventory

Using this formula

Number of days' sales in inventory=Average inventory/ Cost of goods sold×365

Let plug in the formula

Number of days' sales in inventory = [$380,000 + $320,000) / 2]/$1,050,000 ×365

Number of days' sales in inventory=($700,000/2)/$1,050,000 × 365

Number of days' sales in inventory=$350,000/$1,050,000×364

Number of days' sales in inventory=121.66 days

Number of days' sales in inventory=121.7 days(Approximately)

Inconclusion  the number of days' sales in inventory for the year is: a.121.7 days .

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Related Questions

The Unified Coordination Group:_____.
A. Directs the tactics employed at the incident site.
B. Provides coordination leadership at the Joint Field Office.
C. Is a state-level group comprised of the heads of each Emergency Support Function (ESF).
D. Is a temporary Federal facility.

Answers

The Unified Coordination Group are known to provides coordination leadership at the Joint Field Office.

What is the work of Unified Coordination Group?

The Unified Coordination Group is regarded as the basic Federal or State organizational structure that is tasked with the work of managing and supporting in terms of disaster response operations at the field level.

The unified command group was said to be formed as a kind of strategic decision-making body in cases of emergency and disaster response in the state.

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Jason lost $3 a week on his investment for 7 weeks. Write a numerical expression that shows this situation.

Answers

The numerical expression to show the situation will be   [tex]\rm x - \$21[/tex], where x is the total investment.

What is an investment?

In business, investment means the asset acquired or security purchased to increase the wealth. Investments ensure future financial security.

The loss on investment decreases the value of the investment. The remaining value of investment of Jason can be represented as the total value of investment less the loss incurred.

Let the total value of investment be x. Jason suffered a loss of $3 for 7 weeks, the total loss therefore will be:

[tex]\rm Loss = \$3 \times 7\\\\Loss = \$21[/tex]

Therefore the value of the remaining investment will be:

[tex]\rm x - \$21[/tex].

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Some promises do not support a bargained-for exchange and will not support contractual consideration. Such promises are called __________.

Answers

The promises do not support a bargained-for exchange and will not support contractual consideration are called Contracts that are not supported by consideration.

What is bargained for exchange?

The act of bargained for exchange is known to be the exchange between parties that are said to be engage in a contract in that it often leads to an enforceable contract.

Note that Contracts that are not supported by consideration are said to be usually not enforceable.

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According to the video, which of these restaurant workers have the most skills, training, and responsibilities?

Cooks
Chefs
Food Preparation Workers
Waiters

Answers

Chefs, they are responsible for whatever goes into the dish

Answer:

chefs

Explanation:

chefs

A new form of land use control that replaces zoning by land use type with zoning by building/development types is: Multiple Choice form-based zoning. PUD. performance requirements. impact fees. urban planning.

Answers

It should be noted that  new form of land use control that replaces zoning by land use type is PUD.

What is PUD?

A planned unit development can be regarded as the community of single-family homes as well as townhomes.

And in this set up every homeowner belongs to a homeowners association . It is a zoning by building/development types.

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Setting a relatively high price to support a​ brand's prestige positioning is an example of which type of pricing​ objective?

Answers

The Pricing Objective described in the question above is Price Skimming. This is usually used when the market is not yet saturated with competitors. Hence, the supplier uses this to maximize profit.

What is Price Skimming?

This is a pricing objective or strategy wherein the firm fixes the highest price possible on entry into a market.

This price is then lowered over time as more competitors enter into the industry. By this time, the firm has established brand dominance and gotten the rich of society to pay for the first products

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An organization may require high-quality data to avoid fines and penalties for non-conformance to regulatory requirements. True or false?.

Answers

It is true that an organization may require high-quality data to eliminate charges such as fines and penalties for non-conformance to regulatory requirements.

What are non-conformance regulatory requirements?

Non-conformance regulatory requirements are defined as failing to fulfill one or more of ISO 9001's current standards.

Whenever a company found itself outside of regulatory bounds, it must address the issue before continuing operations.

However, It is true that an organization may require high-quality data to eliminate charges such as fines and penalties for non-conformance to regulatory requirements.

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There are more than 7 billion potential customers in 195 countries around the globe. Each country possesses unique materials and skills, and as technology advances, communication barriers are being brought down. Therefore: _________

Answers

With 7 billion potential customers in 195 countries globally, therefore, it is important to conduct business globally.

What is global business?

Global business or international business is the conduct of production and sale of goods and services between countries. Global businesses produce goods in different countries while selling domestically and internationally.

Thus, the potential benefits provided by the global population enable businesses to conduct business globally.

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If something happens to alter the quantity supplied at any given price, then.

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Change in quantity supply will lead to a shift in supply curve.

What is change in supply?

Change in supply lead to a shift in the supply curve either to the left or right.

This occur in the price to quantity relationship which defines a supply curve.

This change often makes the supply curve becomes steeper and flatter.

Therefore, Change in quantity supply will lead to a shift in supply curve either to right or left.

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The United States has raised the taxes on tomatoes imported from Mexico. These taxes are an example of a(n) Group of answer choices subsidy referendum antidumping policy. local content requirement. tariff.

Answers

The taxes by the United States are an example of tariff.

Where does the US get tomatoes?

The country of Mexico is known to be the leading exporter of fresh tomatoes to the United States.

A tariff is known to be the tax imposed by a country on the goods and services that is been imported from another country.

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Pedro is crafting a business message outlining several important sales results. Which guideline for navigational design should Pedro employ to improve the ease of reading for his colleagues?

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The guideline for navigational design which Pedro should employ to improve the ease of reading for his colleagues is:

Avoid headings.

What is a Business Message?

This refers to the type of communication where there is the information dissemination among several staff, which includes employee-employer with the aim of spreading information.

With this in mind, we can see that there is a need for Pedro to improve the ease of reading of his colleagues and thus the business message which he should send which is the guideline for navigational design is to avoid headings.

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help help help help

Answers

Based on the different types of compensation and their determination, the following are true:

Wages - Paid by the Hour - Sarah's direct deposit. Commission -  A percentage of sales - Lucinda's percentage. Salary - Calculated weekly or monthly - Frank's overtime pay.  Bonuses - For performance - Janet's Low Sales. Profit sharing - Based on Co. earnings - Robert's year end reward.

Types of compensation

Wages are calculated by the hour and then paid to the relevant employee sometimes in cash or by direct debit. Commissions are a percentage of sales.

Salaries are calculate monthly or weekly and include overtime. Bonuses are based on performance so people who don't perform well don't get much. Profit sharing depends on how much a company makes in a year and are distributed at the end of the year.

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First Rentals purchased office supplies on credit. The general journal entry made by First Rentals will include a:

Answers

The general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

How are office supplies on credit recorded?

Office supplies on credit means office supplies bought on credit by the firm.

In conclusion, the general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.

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When should an international division structure be used?.

Answers

The international division structure should be used when the firm wants to break into international business with minimal investment.

What is an international division structure?

An international division structure is a structure that is built to handle all international operations by a division created for control.

In conclusion, this structure is usually adopted by firms that are still in the development stages of international business operations.

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The president of State University wants to forecast student enrollments for this academic year based on the following historical data: Year Enrollments 5 Years ago 15,000 4 Years ago 16,000 3 Years ago 18,000 2 Years ago 20,000 Last Year 21,000 What is the forecast for this year using four-year simple moving average

Answers

The forecast for this year using four-year simple moving average(SMA) is mathematically given as

Forecast for period of 4y=18750

Simple moving average(SMA)

Question Parameters:

5 Years ago 15,000

4 Years ago 16,000

3 Years ago 18,000

2 Years ago 20,000

Last Year 21,000

Generally the equation for the four years SMA  is mathematically given as

[tex]SMA=\frac{four years digits}{number of years}[/tex]

Forecast for period of 4y =[tex]\frac{16000 +18000 +20000 +21000 }{4}[/tex]

Forecast for period of 4y=18750

Therefore,the forecast for this year using four-year simple moving average(SMA) is

Forecast for period of 4y=18750

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The stage in the new product development process that consists of preliminary testing of a new product idea (rather than the actual product) with consumers is called:

Answers

Answer:

a concept test

Explanation:

Although successful entrepreneurs are more tolerant of uncertainty, they:___.
a. seldom start another business after a failure.
b. only allow themselves a short time frame to succeed.
c. always protect themselves from failure by taking out lots of insurance.
d. strive to take calculated risks.

Answers

Answer:

The answer is D

Explanation: Hope you have/had an amazing day today<3

Although successful entrepreneurs are more tolerant of uncertainty, they strive to take calculated risks for their entrepreneurial venture. Therefore, the option D holds true.

What is the significance of a successful entrepreneur?

A successful entrepreneur can be referred to or considered as a person who owns and manages his or her business in such a way that it is able to reach optimum share in the market it works in, and becomes profitable with its organizational goals.

The organizational goals are framed with an intention of taking risks and making decisions with greater degree of consistency. In order to become profitable in much lesser time, successful entrepreneurs also take risks while making decisions, but with higher level of risk-reward assessment.

Therefore, the option D holds true and states regarding the significance of a successful entrepreneur.

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Nike is updating data about its many marketing segments for athletic shoes. The company uses a number of variables for segmenting the athletic shoe market, but is especially interested in consumer patterns of living as expressed through activities, interests, and opinions including the ways people spend time, the extent of their interaction with others, and their general outlook on life. Nike is currently evaluating _______.

Answers

Nike is currently evaluating the target Audience.

What Is a Target Audience?

The  target audience of a person is known to be a specific group of consumers that is said to be likely to want your product or service.

They are the group of people who one should see as one's ad campaigns. Target audience is said to be dictated by the age, gender, income, location, etc.

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The Demand for Digital Movies. If the price of online movies increases from $6 to $8, total revenue _____, which means that demand is _____.

Answers

If the price of online movies increases from $6 to $8, total revenue increases, which means that demand is increases.

What is price elasticity of demand?

The price elasticity of demand is known to be the percentage change that takes place when the quantity demanded of a good or service is said to be divided by the percentage change in the price.

The price elasticity of supply is known to be the percentage change in quantity that is supplied and it is divided by the percentage change in price of the commodity.

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Due to a recession, the Acme Global Corporation has a labor surplus. It wants to find a way to reduce the surplus while both being fair to employees and being ready to respond to increased demand when the recession is over. Its best method for dealing with its surplus would be _______. Group of answer choices a. job sharing b. early retirement c. hiring freezes d. natural attrition e. skill increases

Answers

The best method Acme Global Corporation can use to deal with the labour surplus is job sharing.

What is a recession?

A recession is when the gross domestic product of an economy has been negative for four consecutive quarters. During a recession, there is depressed economic activities. As a result, there would a labor surplus.

One of the ways to deal with this labor surplus is to share the available jobs among available labor.

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A ________ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service. feature brand line extension package value chain

Answers

Answer:

A __brand______ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service. feature brand line extension package value chain

Explanation:

have a great day ahead ":)

Identify the three components of retained earnings.

Answers

the beginning period retained earnings, net profit/net loss made during the accounting period, and cash and stock dividends paid during the accounting period. (i may be wrong because there was no picture but i this is right)

The three components of retained earnings are  

Net Income  DividendsReinvestment

How is this so?

1. Net Income   -  It represents the profits earned by a company during a specific period after deducting all expenses, taxes, and dividends.

2. Dividends   -  It refers to the portion of earnings distributed to shareholders as a return on their investment in the company. Dividends are typically paid out of retained earnings.

3. Retained Earnings   -  It is the portion of net income that is retained or kept within the company for reinvestment in business operations, expansion, or to strengthen the financial position of the company.

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Determine the efficient market being discussed in each of the following situations.
1. PSE provided all the necessary informations needed by the traders both public and private in the price of stocks.
2. Ms. Kayecee is a regular trader of stocks in the market. Based on the data presented to her, stock prices reflected all past market trading and historical information only.
3. Under this theory, investors still cannot gain systematic profits even if they gather information that is not yet publicly known.
4. Mark, Michael and Marianne are activetly engaged in trading stocks. Based on the reflected stock prices information available include the product, management team, financial statement, competitors and industry.
5. One hundred traders attended the bidding for the newly offered shares. These traders had access on the past​

Answers

Answer:

1. Strong

2. Semi-strong

3. weak?

4. Strong

5. weak

Explanation:

Not sure about 3

I am wanting to get into the photographer business. I was wondering if anyone knows what good cameras I should buy at first and when still in high school?

Answers

Canon Eos Rebel XS Film 35mm Camera

And the price is not that bad

Hope this helps

Cage Company had net income of $353 million and average total assets of $2,010 million. Its return on assets (ROA) is:

Answers

Based on the information given its return on assets (ROA) is: 17.56%.

Return on assets

Using this formula

Return on Assets = Net Income/Average Total Assets

Where:

Net Income=$353 million

Average Total Assets=$2,010 million

Let plug in the formula

Return on Assets = $353 million/$2,010 million×100

Return on Assets=17.56%

Inconclusion its return on assets (ROA) is: 17.56%.

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The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average wholesale prices of rival makers of action cameras in a particular geographic region when its average wholesale price is:.

Answers

Their average wholesale price can be said to be competitive if it is below the all-company average wholesale price in that geographic region.

When is a price considered competitive?It means that the price is better than others in the market for a certain good or services. It is lower than the average price offered by other sellers.

The company is therefore charging a lower than average price which is why it is competitive with others because they will be forced to lower prices to maintain sales.

In conclusion, option A is correct.

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For a product that has a large economic value, a firm can choose to charge the same price as competitors in order to ______. Multiple choice question. increase return on invested capital maximize profit gain market share cover opportunity costs

Answers

In order to gain market share, some a firm whose product that has a large economic value do decides to charge the same price as competitors.

What is a market share?

A market share refers to an industry percentage that is earned by a particular company over a specified time

In conclusion, some firm whose product that has a large economic value charges the same price as competitors In order to gain market share.

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Every Saturday, Martin and hundreds of other shoppers visit Home Pro, a home improvement supply store, to buy supplies for their home improvement projects. These shoppers are ________ of Home Pro.

Answers

The shoppers that are illustrated in this scenario are simply the customers of Home Pro.

Who is a customer?

A customer simply means a person that purchases a good or service from a business.

In this case, Martin and hundreds of other shoppers visit Home Pro, a home improvement supply store, to buy supplies for their home improvement projects.

Therefore, these shoppers are the customers of Home Pro.

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Part of the movement to humanize bureaucracy includes a. more rigid hierarchical structures. b. efforts to reduce the amount of informal activity in the workplace. c. putting organizational needs above competing responsibilities. d. efforts to reduce the number of people in dead-end jobs.

Answers

Part of the movement to humanize bureaucracy includes:

d. efforts to reduce the number of people in dead-end jobs.

What is Bureaucracy?

This refers to the rigid network through which an organization functions and operates through the use of official channels to accomplish tasks which can be viewed as tiresome and burdensome.

With this in mind, we can see that as part of the efforts to try and humanize bureaucracy, there have been efforts in place to try and reduce the number of people that work dead end jobs.

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Each of the following items would drive the need for layout planning except ______.
a) unspent annual budget at the end of the year
b) changes in volume or mix of outputs environmental or legal requirements
c) change designing new facilities accidents or safety hazards discovered

Answers

Democrats the answer is a hope it helps
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