User Account

All Pages

What was the company days outstanding in inventory

Assignment Help Financial Accounting
Reference no: EM132751732

Problem 1: Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 10.0. What was the company's Days Outstanding in Inventory. Assume a 365 day year. Round to one decimal place.

Reference no: EM132751732

Questions Cloud

What is the potential contribution of the ias : Find how to measurement firm value following share price on announcement day? What is the potential contribution of the IAS 38?
Journalize the adjusting entry on December : Question - On August 1, Green Company purchased $2,860 of supplies. Journalize the adjusting entry on December 31
Transportation logistics management : Why is the transportation industry cyclical in nature?
How many Euros is needed to buy one US dollar : If one Australian dollar can buy 0.5 Euros and a US dollar costs 1.4 Australian dollars, how many Euros is needed to buy one US dollar?
What was the company days outstanding in inventory : Easton Company had average inventory for the year of $640,000 and an inventory turnover ratio of 10.0. What was the company's Days Outstanding in Inventory.
Identifying hazmat generators : You are introduced to different ways of identifying hazmat generators. Define the four (4) different generators and analyze them.
Calculate the equivalent units of production for July : During July, 280,000 were started into production. Calculate the equivalent units of production for July
What amount before income taxes should be reported : What amount, before income taxes, should be reported in the 20x9 retained earnings statement as the cumulative effect of the change in accounting principle?
Compare the adult justice with the juvenile justice system : Compare the adult justice system with the juvenile justice system. Discuss how they are similar and how they are different. 300-450 words.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the operating income for both firms

What is the operating income for both firms and what are the earnings after interest?

  Prepare a report for your client

BUACC5930 Accounting Concepts and Practices. You are an accountant at West Group Accountants & Investment Advisers. You have been approached by a group of investors for your professional advice on investing in Harvey Norman Holdings Limited.

  What is the interest rate on the offer

The Furniture Hut is offering a bedroom suite for $1,999. The credit terms are 60 months at $50 per month. What is the interest rate on this offer?

  Prepare trial balance for your closing entries

Prepare the closing entries at October 31 in the General Journal and Trial Balance for your closing entries

  Prepare the adjusting entries that should be made by uae

Prepare the adjusting entries that should be made by UAE Company on September 30. UAE Company prepares monthly financial statements.

  Ending inventory cost of goods sold gross profit

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. ..

  Analyze specific requirements prior to selecting a payroll

List and describe three items that the organization can use to analyze their specific requirements prior to selecting a payroll solution.

  Which the journal entry to record the sale would include a

Which the journal entry to record the sale would include a? Merchandise with a cost of $6,000 is sold for $9,500 on account with term 2/10, n/30.

  Find out the budget for the department assuming that it uses

The department actually completed 5,000 hours of production. Find out the budget for the department assuming that it uses flexible budgeting?

  What is the net cash flow of this arbitrage strategy

What is the net cash flow of this arbitrage strategy at the option expiration date, assuming that Stock XLT trades at $23 at expiration three months

  Find what is the estimated net present value of the project

If Garner-Wagner goes ahead with this project, What is the estimated net present value of the project, after consideration of the potential future opportunity?

  How much should it charge per month for lobster-boat permit

how much should it charge per month for a lobster-boat permit? (Hint: when the fee is F dollars per month, the marginal cost of operating a boat is (2000+F) dollars per month.

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