![michaelchavez6959127](/avatars/39811.jpg)
michaelchavez6959127
25.12.2019 •
Business
Carlos company had beginning inventory of $80,000, ending inventory of $110,000, cost of goods sold of $285,000, and sales of $475,000. carlos's days in inventory is: select one:
a. 73 days.
b. 121.7 days.
c. 102.5 days.
d. 84.5 days.
Solved
Show answers
More tips
- C Computers and Internet Thin Client: What It Is and Why You Need It?...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- D Dating, Love, Relationships How Long Can Love Last?...
- A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
- C Computers and Internet How to Properly Order Clothing from International Online Stores...
- H Health and Medicine Headache: A Comprehensive Guide to Treatment...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- A Auto and Moto Discovering the Leader: What is the Most Expensive Car in the World?...
- F Food and Cooking How to Quickly Put your Child to Sleep?...
- C Computers and Internet How to Create a Website for Free and Easy?...
Answers on questions: Business
- B Business Ophelia Inc. just learned that Patton Inc., one of its customers with an outstanding accounts receivable balance, filed for bankruptcy. Assuming that the company...
- B Business Extra Credit 2 Points -- Assume that an individual consumes three goods, X, Y, and Z. The marginal utility (assumed measurable) of each good is independent of the...
- B Business 3. Assume that on January 2, 2022, the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected....
- B Business Can somebody help me ill explain in comments...
- B Business The Okula Corporation has a one-year insurance policy that was purchased for $2,000. Three months have passed since the purchase. The adjusting entry for the insurance...
- B Business Both the medical model and the public health model have in common:...
- B Business Costs are costs that limit the occurrence of defects and imperfections. prevention failure process assessment appraisal...
- B Business Abusiness buyers purchase process ends with:...
- B Business Asimilarity between monopoly and monopolistic competition is that, in both market structures, a. there are a small number of sellers. b. sellers are price makers...
- S Social Studies The police obtain a search warrant and search Jordan s apartment. After yelling obscenities at the officers, Jordan confesses to a crime and implicates his friends....
Ответ:
b. 121.7 days.
Explanation:
Days in inventory formula tells how many days a firm wait for its inventory to convert into sales.
So let us look at the formula of Days in Inventory;
Days in Inventory =![\frac{365}{Inventory Turnover}](/tpl/images/0433/1148/9524c.png)
To find the days in inventory first we need to find Inventory Turnover which can be calculated by the following formula;
Inventory Turnover =![\frac{COGS}{Average Inventory}](/tpl/images/0433/1148/19069.png)
Inventory Turnover =![\frac{285,000}{95,000}](/tpl/images/0433/1148/7829e.png)
Inventory Turnover = 3 times
Lets put the value of Inventory Turnover in the Days in Inventory formula above, as;
Days in Inventory =![\frac{365}{3}](/tpl/images/0433/1148/7bb98.png)
Days in Inventory = 121.7 days
This means that in a year the days it takes a Carlos Company to transform the inventory into finished goods is 121.7 days.
Ответ:
48000/2=2400
1yr=400 semi monroy
2400-400=2000