User Account

All Pages

How many days does take mario to sell its inventory

Assignment Help Financial Accounting
Reference no: EM132945335

Problem 1: Mario's Home Systems has sales of $2,740, costs of goods sold of $2,080, inventory of $488, and accounts receivable of $422. How many days, on average, does it take Mario's to sell its inventory?

Multiple Choice

Option 1: 65.01 days
Option 2: 84.46 days
Option 3: 85.63 days
Option 4: 74.05 days
Option 5: 56.22 days

Reference no: EM132945335

Questions Cloud

Describe the cost principle : Describe the cost principle and discuss what happens if an asset like land has an increase in the fair value. How would the company report the land?
How much will cost at that time : You feel that the price of the car will increase at an annual rate 2.1 percent. If you plan to wait 5 years to buy the car, how much will it cost at that time?
Government effects on your life : Think of two ways the government affects your life, one you perceive as positive and one you perceive as negative. After the examples given, which theory
Calculate the value at which ochi limited should be reported : Calculate, the value at which Ochi Limited should be reported in the consolidated statement of financial position, for the Portland Limited Group.
How many days does take mario to sell its inventory : How many days, on average, does it take Mario's to sell its inventory? Mario's Home Systems has sales of $2,740, costs of goods sold of $2,080.
Apply de morgans theorems : Apply De Morgan's theorems and Convert the following numbers to the codes required
Business-human rights issue : Identify the Stakeholders Involved and their position in 'business & human rights" issue.
Outline the old and new strategy at mpec : MEPC is the UK's fourth largest quoted property company. After years of underperformance, it began selling off unprofitable foreign and UK assets, refinancing i
Enumerate the learning experiences : Enumerate the learning experiences that is gained from the subject Statistics in Research

Reviews

Write a Review

Financial Accounting Questions & Answers

  Construct a loan amortization schedule for the bonds

Bonds issued at a premium. On January 1, 2002, Jury Corp. issued $100,000 of $1,000 face value, 12%, 10 year bonds. The bonds pay interest annually, each December 31. On the date of issuance, the market rate of interest was 10%. Calculate the issue p..

  Explain the present value formula

Explain the present value formula. Explain the future value formula. Explain how changing the variables in the formula will affect the investment outcome.

  Prepare cost of production report for department

Green Company makes a product, Gloworm, in a two-part process. Gloworm is assembled in Department A and then goes to Department B for finishing.  Prepare a cost of production report for Department B using the FIFO method.

  Find stiller financial statement presentation

Find Stiller's financial statement presentation and format. There are at least 20 failures by the company regarding proper reporting

  Determine the balance in the unearned revenue account

Logan’s Roadhouse opened a new restaurant in November. During its first two months of operation, the restaurant sold gift cards in various amounts totaling $2,000. The cards are redeemable for meals within one year of the purchase date. Determine the..

  How non-financial report could be improved

How non-financial report could be improved? Select non-financial report of one company and explain, Have they meet requirements set by Directive

  Why the income statement would be dated for the year ended

Explain why the income statement, statement of retained earnings, and statement of cash flows would be dated for the Year Ended December 31, 2015, whereas the balance sheet would be dated at December 31, 2015.

  Analyze the specific outcomes directed toward the team

Analyze the specific outcomes directed toward the team at BAJA Corporation describing what the numbers mean and how they relate to the business.

  What process financial transaction and extract interim

What steps are required in the preparation to complete a general ledger entry? What Process financial transaction and extract interim

  What valuation should be used for the gross estate

The executor sold the stock two months after the decedent’s death for $2,200,000. The bonds were sold seven months after the decedent’s death for $4,630,000. What valuation should be used for the gross estate?

  Calculate the initial cash outflow associated with replacing

Two years ago, your company purchased a machine. Calculate the initial cash outflow associated with replacing the older printing machine with the new machine.

  What is the approximate npv of the project

What is the approximate NPV of this project? Turnbull Company is in the process of constructing a new plant at a cost of $30 million.

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