What is the inventory turnover for the period

Assignment Help Accounting Basics
Reference no: EM133140147

Question - A company reports sales of $6,000,000, gross profit of $2,000,000, beginning inventory of $200,000, and ending inventory of $300,000. What is the inventory turnover for the period?

Reference no: EM133140147

Questions Cloud

Appliance warehouse service department : Explain your overall approach to analyzing and addressing the needs of the new Appliance Warehouse Service Department.
Formulating and implementing organization it strategy : Discuss two of the main steps that organizations should address in formulating and implementing an organization's IT Strategy.
What are the amount and character recognized by sara : What are the amount and character (capital gain or dividend) recognized by Sara as a result of the stock redemption
Why managing quality has become strategically important : Why managing quality has become strategically important? What are some of the measurement issues involved in measuring and managing quality costs
What is the inventory turnover for the period : A company reports sales of $6,000,000, gross profit of $2,000,000, beginning inventory of $200,000, What is the inventory turnover for the period
Ethical and sustainable behaviour in organisations : Analyse the impact of economic, commercial, social and environmental trends on organisation's ethical and sustainability behaviours
How much of the dividends received by arthur : Arthur earned $14,000 in dividends from a taxable, canadian public corporation. How much of the dividends received by Arthur
How much total sales revenue mush he generate per cubic feet : Suppose he allocates space according to your recommendation in part a. How much total sales revenue mush he generate per cubic foot each month
How many computers did she sell : Her commission is $22 for each computer she sells. If she receives a total of $5414 that month, how many computers did she sell

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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