![jennynmike03](/avatars/35182.jpg)
jennynmike03
09.06.2021 •
Business
gThe following data are available for Martin Solutions, Inc. Year 2 Year 1 Sales $1,139,600 $1,192,320 Beginning inventory 80,000 64,000 Cost of goods sold 500,800 606,000 Ending inventory 72,000 80,000 Required: Assume a 365-day year. Determine for each year:
Solved
Show answers
More tips
- H Health and Medicine What You Need to Know About Nasal Congestion in Infants: Causes, Symptoms, and Treatment...
- A Auto and Moto Mastering One-Movement Parking: All You Need to Know...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- C Computers and Internet How to Choose an Uninterruptible Power Supply (UPS) for Your Computer: Expert Tips...
- S Science and Technology How to choose a home theater system?...
- A Auto and Moto How to Choose a Car Wash? Tips and Recommendations...
- A Animals and plants How ants survive winter: exploring the secrets of their winter life...
- C Construction and repair How to Choose the Best Underfloor Heating?...
- S Sport When is the Champions League final?...
Answers on questions: Business
- B Business Per Unit Data Selling Price $150 Direct Materials 20 Direct Labor 15 Variable Manufacturing Overhead 12 Fixed Manufacturing Overhead 30 Variable Selling 3 Fixed Selling and...
- B Business Nya started a new job and quickly adjusted to the work environment. Which soft skill does this demonstrate? Teamwork Communication Leadership Adaptability...
- B Business Which per unit cost does the slope of the total cost line represent? Group of answer choices Fixed Variable. Semivariable Step-variable...
- B Business Does Company Alpha have a dominant strategy to offer a free breakfast, no breakfast, or no dominant strategy...
- B Business With central place theory, the expresses the maximum distance a consumer will travel for a particular good or service....
- H History Why did salomon value freedom so much?...
- M Mathematics When y=3. which expression is equivalent to 5y-7y multi choice a. 2y b. -12y c.-2y d. 12y...
- M Mathematics Flying with the wind, a small plane flew 340 mi in 2 h. flying against the wind, the plane could fly only 310 mi in the same amount of time. find the rate of the plane in...
- M Mathematics 7. larry has $389.00. a dvd player costs $97.00, and he can purchase used movies for $11.55 each. what isthe greatest number of movies larry can buy if he also buys a dvd...
- M Mathematics Solve the following equation. then place the correct number in the box provided. 4x/3=8...
Ответ:
Answer and Explanation:
The computation is shown below;
For Year 1
Average inventory = (Beginning inventory + Ending inventory)÷ 2
= ($64,000 + $80,000) ÷ 2
= $72,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $606,000 ÷ 72,000
= 8.4 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 8.4
= 43.5 days
For Year 2
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($80,000 + $72,000) ÷ 2
= $76,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $500,800 ÷ 76,000
= 6.6 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 6.6
= 55.3 days
Ответ: