Salad daze maintains an inventory of produce worth 390 its

Assignment Help Accounting Basics
Reference no: EM13481510

Salad Daze maintains an inventory of produce worth $390. Its total bill for produce over the course of the year was $72,000. How old on average is the lettuce it serves its customers? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 2 decimal places.) Average days

Reference no: EM13481510

Questions Cloud

Keller cosmetics maintains an operating profit margin of 60 : keller cosmetics maintains an operating profit margin of 6.0 and asset turnover ratio of 4.0. a. what is its roa? round
Rearrange the income statement to the contribution margin : here is the questionpresented below is the income statement
Calculate the total amount of cash that michael would pay : michael just graduated from college and has his first job. his salary is that of an entry-level employee so he has to
An investor buys a one-year 1000 face-value us treasury : an investor buys a one-year 1000 face-value us treasury bill or t-bill for 960. the investor expects to receive 1000
Salad daze maintains an inventory of produce worth 390 its : salad daze maintains an inventory of produce worth 390. its total bill for produce over the course of the year was
Seldin company owns a royalty interest in an oil well what : seldin company owns a royalty interest in an oil well. the contract stipulates that seldin will receive royalty
Redo the companys income statement at the 5100-unit level : problem 1-18a cost behavior high-low method contribution format income statement lo3 lo4 lo5frankel ltd. a british
What i need you to do is to prepare a complete set of : bobbi brown has come to me and asked for my help. sherecently started up a new consulting practice and needs some
Chiks chickens has average accounts receivables of 5433 : chiks chickens has average accounts receivables of 5433. sales for the year were 8900.00. what is its average

Reviews

Write a Review

Accounting Basics Questions & Answers

  Comparative analysis-common size and dupont formula

Compute a common-size analysis in Excel and discuss the differences between the two corporations.

  What is tammy basis in the residence

As a result of their divorce, Fred agrees to pay alimony to Tammy of $20,000 per year. The payments are to cease in the event of Fred's or Tammy's death or in the event of Tammy's remarriage. In addition, Tammy is to receive their residence, which..

  During 2011 stockton inc reported net income of 4000

during 2011 stockton inc. reported net income of 4000 declared and paid a cash dividend of 2000 and issued common stock

  An unfavorable verdict

a. As a result of uninsured accidents during the year, personal injury suits for $350,000 and $60,000 have been filed against the company. It is the judgment of XYZ Company's legal counsel that an unfavorable outcome is unlikely in the $60,000 ..

  Employers payroll taxes on the payroll

Assuming that the payroll for the last week of the year is to be paid on December 31, journalize the entry on December 30 to record the employer's payroll taxes on the payroll to be paid on December 31.

  Problem on acquisition cost of the equipment

Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.

  Specific prices over general price level

Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stat..

  What are the potential proprietary costs

What are the potential proprietary costs from expanded disclosures in each of these areas? If you conclude that proprietary costs are relatively low for either, what alternative explanations do you have for management's opposition?

  Contacting the appropriate vendors

Ellison Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for use in its manufacturing process. After contacting the appropriate vendors, the purchasing department received differing terms and options from each vend..

  Units of production and an estimated residual value

Al's Car Wash purchased a piece of equipment on October 1, 20x7, for $27,000. The equipment has an estimated life of four years or 40,000 units of production and an estimated residual value of $2,000.

  Machine internal rate of return

The machine will have a 12-year useful life and no salvage value. Instructions (a) Calculate the cash payback period. (b) Calculate the machine's internal rate of return. (c) Calculate the machine's net present value using a discount rate of 10%.

  Problem regarding audit procedure

An auditor observes inventory held by the client and notes that some of the inventory appears to be very old but still in reasonable condition for sale. Which of the following conclusions is justified by the audit procedure?

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!

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