Solution-What was bonita inventory turnover for the year

What was bonita inventory turnover for the year

Assignment Help Cost Accounting

Reference no: EM133016918

Questions -

Q1. Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. Their cost of goods sold for the year was $170,000. What was Bonita's average inventory for the year?

-$25,000

-$85,000

-$40,000

-$55,000

Q2. Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. Their cost of goods sold for the year was $170,000. What was Bonita's inventory turnover for the year?

-30.90x

-6.8x

-23.5x

-4.25x

Q3. Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. Their cost of goods sold for the year was $170,000. Approximately how often did Bonita sell its entire inventory?

-every 47.10 days

-every 85.88 days

-every 53.68 days

-every 118.09 days

Q4. The average number of times a company's inventory is sold during an accounting period is the:

-Inventory turnover

-Collection Period

-Accounts receivable turnover

-Days' sales uncollected

-Current ratio

Reference no: EM133016918

Questions Cloud

Determine the cost prediction equation for the company : Determine the cost prediction equation for the company using the number of motor bikes assembled as the independent variable

Calculate the income effect of dividends on preferred shares : The net income for the year ended December 31, 2020 was $410,000. Calculate the income effect of the dividends on preferred shares

Compute taxable income and income taxes payable : Depreciation on the tax return is greater than depreciation on the income statement by $17,000. Compute taxable income and income taxes payable for 2020

How much is deferred tax assets and deferred tax liabilities : The following relates to Myar Ltd's carrying amounts and tax base as at 30 June 2020. How much is deferred tax assets and deferred tax liabilities

What was bonita inventory turnover for the year : Bonita, Inc. had a beginning inventory of $55,000 and an ending inventory of $25,000. What was Bonita inventory turnover for the year

Find the energy for problem : Show that the velocity of wave propagation for the klein-gordon equation is finite and Analyze the solutions of F ) from the point of view of

Identify five errors from the statement : Identify five (5) errors from the statement above and provide recommendations as to how the errors can be corrected. Calculations are not necessary

Calculate cash paid for interest and income tax : Calculate cash paid for interest and income tax, assuming that interest expense is $151 and income tax expense is $188. (Enter your answers in thousands.)

What is the core proposition of the products brand : Complete a brand audit and determine what factors contribute to the performance and equity of the brand. In this audit

User Account

All Pages

What was bonita inventory turnover for the year

Reference no: EM133016918

Reference no: EM133016918

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT