What is the length of the days sales in inventory

Assignment Help Financial Accounting
Reference no: EM133001813

Problem 1: Scribble, Inc. has sales of $99,000 and cost of goods sold of $83,000. The firm had a beginning inventory of $29,000 and an ending inventory of $31,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)

Reference no: EM133001813

Questions Cloud

Find what is value of ending inventory using full costing : During the year, Laramie produces 51,900 snow shovels and sells 46,500 snow shovels. What is the value of ending inventory using full costing?
Differences between systematic and unsystematic risk : 1. What effect will diversifying your portfolio have on your returns and your level of risk?
Assess the US market for company growth : Assess the US market for company growth. Examine the different resources and core competencies of Urban Axes
How much would you have to deposit monthly in a savings : a. You need $5,000 for a trip to Europe in two years. How much would you have to deposit monthly in a savings account paying 1 percent in order to meet your goa
What is the length of the days sales in inventory : The firm had a beginning inventory of $29,000 and an ending inventory of $31,000. What is the length of the days' sales in inventory?
Invest directly in corporate securities : What are the three costs facing a household saver who chooses to invest directly in corporate securities? Explain.
State the amount pdc should recognize related to the asset : State the amount PDC should recognize related to this asset retirement obligation. Include an Excel schedule and calculations as presented in the Asset
Define financial shock : Define Financial Shock and describe one from recent history. Cite sources
Do a profit, liquidity and budgeted balance sheet : Do a profit, liquidity and budgeted balance sheet for 2019. The company's share capital amounted to 850 on 31 December 2018

Reviews

Write a Review

Financial Accounting Questions & Answers

  How many years until the initial investment exactly doubles

Kobe has an investment account that increases with force of interest d(t) = t4.0. How many years until the initial investment exactly doubles?

  Discuss and analyze the transactions for X Ltd

Discuss and analyze the following transactions for X Ltd, using the concept of accounting equation (Assets, Liabilities and Equities)

  What is the amount of us federal income tax

What is the amount of U.S. federal income tax that ABC should pay for 2016. ABC Corporation (a C corp.) had taxable income of $80,000 for 2016

  Determine what is the annual return on the investment

$80 makes payments every year forever, which grow at 3% annually. If the next payment amount is $9, what is the annual return on the investment?

  Provide the necessary journal entry at december

Provide the necessary journal entry at December 31, 2009. Provide the necessary journal entry at June 30, 2010. Provide the necessary journal entry at December 31, 2010.

  Determine the net profit or loss from the futures contract

Show the daily marked-to-market transactions on the trader's account and determine the net profit or loss from the futures contract.

  How to make a bank reconciliation statement

The balance recorded in the company's cash book is a credit balance of £ 12,100. How to make a bank reconciliation statement

  Captins cereal is considering introducing a variation of

captins cereal is considering introducing a variation of its current breakfast cereal crunch stuff. the new cereal will

  Compute the expected return for each stock using the capm

Consider an investment portfolio, Compute the expected return for each stock using the CAPM and assuming that the stocksare all fairly priced.

  What is probability that less than of selected students

Suppose it is known that 55% of students at a large university. What is the probability that less than 60% of the selected students are female?

  Find what is the expected return

Growth period the return would be 16m (with probability 0.5) and in a boom the return would be £24m (with probability 0.25). What is the expected return?

  How much is the interest expense for each year

How much is the interest expense for each year? On January 1, 2020, Jackie Company issued a 10% interest-bearing note with a principal amount of P2,500,000.

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