What is the annual cost of goods sold

Assignment Help Business Management
Reference no: EM132597833

Assume a firm's inventory level of $14,500 represents 39 days' sales.

Required:

a. What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.)

b. What is the inventory turnover ratio? (Round your answer to 2 decimal places.)

Reference no: EM132597833

Questions Cloud

Find out the rational value of the stock today : Assume your firm's dividends per share are expected to grow indefinitely by 3% a year. Next year's dividend is $4.50 and the required
What is d4-worldwide inc : Worldwide Inc. has decided to acquire another firm by purchasing the firm's outstanding stock. Analysts forecast a period of 2 years
What is the depreciation over the machine 4 year life : A firm's capital budgeting project requires equipment that costs $40,000 and will be depreciated on a straight-line basis
What is the current stock price of financial analyst : A financial analyst has been following Fast Start Inc., a new high-growth company. She estimates that the current risk-free rate
What is the annual cost of goods sold : What is the annual cost of goods sold? (Use 365 days in a year. Do not round intermediate calculations. Round your answer to whole number.)
Calculate the economic value added : Home Depot entered fiscal 2017 with a total capitalization of $21,898 million. In 2017, debt investors received
Eliminate the credit card debt : Sue has a current balance of $20,000 on her credit card. She has a minimum monthly payment of $500 and an APR of 17.25%
Purchase of additional sequesters an attractive investment : Pollution Busters Inc. is considering a purchase of 10 additional carbon sequesters for $114,000 apiece. The sequesters last for only
What are shams daily sales : Shams Building supplies company has annual sales of Rs36 million (all on credit). Shams's, collection manager, has estimated

Reviews

Write a Review

Business Management Questions & Answers

  Supply chain leadership

A Supply Chain leader has a general management role. The scope encompasses multiple functions, third party partners, physical inputs and outputs, facilities, safety, quality and a significant financial and resource investment. This is only a start..

  What are roles and responsibilities of board of directors

What are the roles and responsibilities of the board of directors? Explain the Sarbanes-Oxley Act and its impact on corporate governance.

  Assess the current or trending innovation strategy of a firm

Assess the current or trending innovation strategy of a firm. Describe how the firm's innovation strategy contributes to its competitive advantage.

  Explain project quality management attempts to satisfy

Explain Project quality management attempts to satisfy all the requirements for a project and This would involve satisfying all the product requirements

  Economic crisis and businessit is unbelievable how the

economic crisis and businessit is unbelievable how the economic crisis has changed they way most people do business and

  Moment about the telecommunication industry

Think for a moment about the telecommunication industry today and what it was just a few years ago, where are we headed?

  Two things shared by many industries with highly motivated

Acceptance of scientific management and centralized decision-making. Clear distinctions between managers and workers and a simple line and staff organizational structure.

  What types of challenges american mnc in global expansion

What types of challenges American Multinational Coporations in last 20 years in global expansion? How could they be resolved? Explain wheter you would have chosen a different approach to global expansion?

  Explain how does the organization employ the internet

Explain How does the organization employ the Internet and other recent (and emerging) technologies in its product or service offerings/development and marketing efforts?

  Identify a web site utilized for ordering a product

Identify a web site utilized for ordering a product or service and then identify the various entities. As an instance, when you go to Amazon website and review products what are the various entities involved in this process?

  What are likely to be the most serious problems

What are the most significant positive impacts of health care reform? What are likely to be the most serious problems?

  Responsibility to challenge suspected unethical practices

In any business, who has the responsibility to set the ethical tone and who has the responsibility to challenge suspected unethical practices?

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