User Account

All Pages

Calculate the inventory turnover for watch retailers

Assignment Help Accounting Basics
Reference no: EM133161248

Question - Using the following information, calculate the inventory turnover for Watch Retailers: Sales are $48,000, Cost of Goods Sold is $20,000, operating expenses are $10,000, and average inventory is $5,000.

Reference no: EM133161248

Questions Cloud

What is the number of common stocks outstanding : On December 12, 2018, Sakura issued 10% stock dividends. What is the number of common stocks outstanding for Sakura at the end of year 2018
Explain the performance-related documentation : Yvette started working as a delivery driver for Too Good Pizza in March 2012 and by early 2013, she was promoted to kitchen supervisor. She received a raise in
Why did effort of privatization in louisiana in 2000 fail : Why did the effort of privatization in Louisiana in 2000 fail?, and what could have been done differently to achieve a successful outcome?
Investment approach to human capital : What does it mean to take an investment approach to human capital? What are some ways to invest in human capital? What are the benefits and risks of making such
Calculate the inventory turnover for watch retailers : Using the following information, calculate the inventory turnover for Watch Retailers: Sales are $48,000, Cost of Goods Sold is $20,000
Addresses international human rights issues : Briefly describe at least two of the ways in which the company addresses international human rights issues.
How has globalization impacted international hr management : What is involved in and how does international human resource management strategically fit within an organization's strategic goals?
Research and learn about training type : As a group research and learn about your training type. Then educate the class on how to use your training type by engaging them in an interactive presentation
What is the book value of the machine : The truck was driven 12,000 miles in 2019. For each method, what is the book value of the machine at the end of 2019? At the end of 2020

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a classified balance sheet for the valley pump

Valley Pump Corporation - Balance sheet; Current versus noncurrent classification. Prepare a classified balance sheet for the Valley Pump Corporation

  Determine the consolidated cost of sales

Parent Company purchased 80% of the outstanding shares of Subsidiary Company for P800,000. Determine the consolidated COST OF SALES. On January 1, 20x8

  What conclusions can you make about the impact of covid-19

What changes did you see in Subscriber(Member) rides/Subscriber(Member) behavior in 2020 compared to the pre-pandemic years examined?

  Information available regarding the lease

On January 1, 2011, Larsen Corporation sold a machine to Parson Corporation and simultaneously leased it back for ten years. The following information is available regarding the lease:

  Determine company ratio of liabilities to stockholder equity

The information was taken from Station Company's balance sheet: Fixed assets (net) $1,062,600. Determine company ratio of liabilities to stockholder equity

  Compute the accounts receivable as of that date

Assume that the company will prepare a budgeted balance sheet as of June 30. Compute the accounts receivable as of that date.

  Summaries of balance sheet and income statement

Two items are omitted from each of the following summaries of balance sheet and income statement data for two corporations for the year 2014,

  If one unit of product x used 310 of direct materials and

if one unit of product x used 3.10 of direct materials and 3.60 of direct labor sold for 10.00 and was assigned

  Determine the total cost recovery deduction

Determine the total cost recovery deduction including section 179 immediate expensing and MACRS depreciation the taxpayer may deduct for 2019

  Prepare journal entries to record the related transactions

Prepare journal entries to record the related transactions in the town's capital projects fund, debt service fund, and governmental activities

  How much is turns total revenue for the year

Turn Café sold a coffee shop franchise to Strike. The sale agreement, signed on March 2020 called for 350,000 down payment plus two 175,000 annual payments.

  Substantial amount of revenue-benefit from budgeting

Explain how both small and large organizations can benefit from budgeting. Explain why a company can show it has a substantial amount of revenue and yet not able to pay its current liabilities?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd