User Account

All Pages

Calculate the inventory turnover ratio of beata company

Assignment Help Managerial Accounting
Reference no: EM133173222

Question - The cost of goods sold of Beata Company is $740,000 during the year. The beginning and ending balances of inventory of Beata Company are as follows:

 

January 1

December 31

Inventories

$110,000

$240,000

Required - Calculate the inventory turnover ratio of Beata Company.

a. 6.05 times

b. 3.75 times

c. 2.10 times

d. 4.23 times

Reference no: EM133173222

Questions Cloud

What will be its stock price following the stock repurchase : The repurchase is expected to have no effect on net income or the company's P/E ratio. What will be its stock price following the stock repurchase
What was the standard materials price per pound : During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. What was the standard materials price per pound
Prepare analysis showing the old machine should retained : The new machine will lower annual variable production costs from $551,200 to $434,600. Prepare analysis showing whether the old machine be retained or replaced
Native american religious rituals : Some Native American religious rituals involve the use of psychoactive substances to induce religious visionary experiences.
Calculate the inventory turnover ratio of beata company : Question - The cost of goods sold of Beata Company is $740,000 during the year. Calculate the inventory turnover ratio of Beata Company
Calculate the total relevant cost to make or buy timer units : Clifton Clocks has offered to provide the timer units to Ivanhoe at a price of $34 per unit. Calculate the total relevant cost to make or buy timer units
Communication strategies and materials : Assume your district has received grant money that will be used to implement a new program at your school.
Calculate machine-related costs total machine hours : The company is budgeting € 2.940.000 for machine-related activities. Calculate Machine-related costs/total machine hours
Discuss the role of finance in business : Discuss the role of finance in business. What is the purpose of financial management? Describe the kinds of activities that financial management involves

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Prepare a differential analysis as of september

Prepare a differential analysis as of September 12 to determine if Product TS-20 should be continued (Alternative 1) or discontinued (Alternative 2)

  How much cash will increase during the month of october

York Corporation has budgeted activity for October. Determine how much cash will increase (decrease) during the month of October.

  Demonstrate what is the amount of the gross profit

During the current year, merchandise is sold for $56,600 cash and for $87,900 on account. What is the amount of the gross profit?

  Control of quality and on-time delivery

Control of quality and on-time delivery, and that it will last longer than 5 years - David also feels the equipment will have an estimated terminal value

  Explain the reason some bonds being issued at face amount

Discuss your reason for your choice and address any advantages, disadvantages and inherent risks, if any, associates with your financing choice.

  Find and calculate the variable overhead spending variance

Calculate the variable overhead spending variance. Standard hours allowed for actual production 13,100. Actual labor hours used 13,000

  What was the standard cost per unit of product

If total budgeted manufacturing overhead was $360,000 at normal capacity, what was predetermined overhead rate? What was the standard cost per unit of product?

  Simon company year end balance sheets follow.

Simon Company's year end balance sheets follow. Express the balance sheets in common size percents. Round amounts to the nearest one tenth of a percent.

  Prepare a job-order cost sheet for the proposed job

Prepare a job-order cost sheet for the proposed job. What is the expected per-unit cost? Should Nutratask accept the price offered by the prospective customer?

  What maximum price kramer company should be willing to pay

If the outside supplier offers to sell the axial taps for $75 each, should Kramer Company accept the offer? Fully support your answer

  Is the extra monthly payments really going to offset the gas

Is the extra monthly payments really going to offset the gas guzzling old vehicle? Why do managers need to look at the decision from a higher level?

  What total june sales are anticipated to be

The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. What Total June sales are anticipated to be

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