User Account

All Pages

What tinker average number of days to sell inventory

Assignment Help Accounting Basics
Reference no: EM132840776

Problem 1: Tinker's cost of goods sold in the year of sale (2016) was $930,000 and 2015 cost of goods sold was $950,000. The inventory at the end of 2016 was $206,000 and at the end of 2015 the inventory was $226,000. Tinker's average number of days to sell its inventory during 2016 is closest to: (Use 365 days a year. Do not round intermediate calculations.)

Option 1: 84.77 days

Option 2: 86.83 days

Option 3: 82.99 days

Option 4: 80.85 days

Reference no: EM132840776

Questions Cloud

What are challenges to mobile forensics : What are mobile forensics and do you believe that they are different from computer forensics? What is the percentage of attacks on networks that come from.
Define what a manger and good management means to you : Define what a manger and good management means to you. Remember to answer thoughtfully.
What was the march cash balance on roscoe books : As of March 31, 2016, outstanding checks total $25,000 and deposits in transit total $16,500. What was the March 31, 2016 cash balance on Roscoe's books?
Find the mean of the given probability distribution : The probabilities that a batch of 4 computers will contain 0, 1, 2, 3, and 4 defective computers are 0.6561, 0.2916, 0.0486, 0.0036, and 0.0001
What tinker average number of days to sell inventory : What Tinker's average number of days to sell its inventory during 2016 is closest to? Tinker's cost of goods sold in the year of sale (2016) was $930,000.
Determine the appropriate sample size : Which of the following approaches should the polling firm use to determine the appropriate sample size?
Many research projects utilize virtual teams : Many research projects utilize "virtual teams," where the members might be from across the country or around the world.
?ready-to-drink beverage habits and ecology : What is the importance of handling huge quantity of waste generation from beverages at least in all Metros, Mini Metros, Big and Medium Towns in India
How can a company protect itself from digital fraud : Discuss the term digital fraud/cybercrime and describe two types of digital fraud/cybercrime. How can a company protect itself from digital fraud?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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