User Account

All Pages

Compute for each year the days in inventory

Assignment Help Accounting Basics
Reference no: EM131822333

Brief Exercise 18-12 The following data are from the income statements of Haskin Company.

2017 2016
Sales revenue
 $6,480,000 $6,110,000
Beginning inventory 985,000 830,000
Purchases 4,370,000 4,700,000
Ending inventory 1,030,000 985,000

Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.)

Compute for each year the days in inventory. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 1.6.)

Reference no: EM131822333

Questions Cloud

Discuss does lifo result in a larger or smaller net income : Does LIFO result in a larger or smaller net income when future shipments of inventory are offered at less cost
Put on a special weight loss diet : Suppose that a sample of 15 randomly chosen people were put on a special weight loss diet. The amount of weight lost, in pounds, follows an unknown distribution
How do you serve others in the profession of nursing : How do you serve others in the profession of nursing? How does the issue of serving differ from the secular view of power
Find the probability asked for in the previous problem : Assume that the distribution for the weight loss is normal. Find the probability asked for in the previous problem.
Compute for each year the days in inventory : Compute for each year the inventory turnover, Compute for each year the days in inventory
Distribution for the weight loss : Assume that the distribution for the weight loss is normal.
Discuss an example of a corporate ethics scandal : Discuss what the organization could have done to prevent such occurrences either at the time they happened or in the future.
How the work is organized within the organization for nurse : Discuss the organizational structure to include the reporting relationships and how the work is organized within the organization for a nurse executive
Identify the goal of the program and complete a logic model : Identify the goal of the program. Complete a Logic Model: Group-level domain. Complete a Logic Model: Organizational-level domain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The globalization of business activity has resulted in

the globalization of business activity has resulted in which of the following?a. increased corruption and unethical

  During the year of 20xx a firm plans to produce and sell

during the year of 20xx a firm plans to produce and sell 15000 units at 35 per unit.nbspnbspbudgeted variable costs are

  Prepare a mulit step income statement

Prepare a single step income statement and prepare a mulit step income statement - Did HLP achieve this goal? Show your calculations.

  Prepare the entry to correct the prior years depreciation

depreciation-change in estimatemachinery purchased for 60000 by tom brady co. in 2003 wasoriginally estimated to have a

  Significant fraud involving diverting of company

You have been employed as an entry- level management accountant for a little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of company assets to personal use.

  What are the net cash flows from operating activities for

the following information reflects cash flow and other activities of framer company for six months ended june 30 paid

  Comment on the sales manager complaint

Managerial Accounting Question - Golub Company manufactures three products, A, B, and C. Comment on the sales manager's complaint

  Compute the total equivalent units of production

Refer to QS and compute the total equivalent units of production with respect to labor for June using the FIFO inventory method.

  Find out the utility regulation

The Woebegone Water Company, a small water utility serving rural cus- tomers in Minnesota, is currently engaged in a rate case with the regulatory commission under whose jurisdiction it operates. At issue is the monthly rate that the company will ..

  Discuss the propriety of this accounting treatment

Four years after issue, debentures with a face value of $1,000,000 and book value of $960,000 are tendered for conversion into 80,000 shares of common stock immediately after an interest payment date.

  Current liability

Which of the following accounts is NOT classified as a current liability?

  Why is btowns method of accounting for parts inventory

Why is BTown's method of accounting for parts inventory appropriate? Discuss and How should BTown account for the software development costs? Show all appropriate journal entries under GAAP. If BTown used IFRS instead of USGAAP, would the accounti..

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