What was the number of days inventory on hand

Assignment Help Accounting Basics
Reference no: EM133160558

Question - Clayton Ltd's average inventory in the year ended 30 June 2022 was $20 000. Sales for the same year were $125 000 and the gross profit margin was 20 per cent. What was the number of days' inventory on hand?

Reference no: EM133160558

Questions Cloud

Overall purchasing decision for health care : How important is green in the overall purchasing decision for health care products and supplies? Defend your answer.
What type of organization structure and management process : What type of organization structure and management process did CPI appear to have and what type of structure would have been better suited to its changing envir
Training and professional development programs : Why are people the most important asset of an organization or are they not the most important?
Determining the compensation management : What did you learn in the course "compensation management" that may cause you to think or act differently in the future?
What was the number of days inventory on hand : Sales for the same year were $125 000 and the gross profit margin was 20 per cent. What was the number of days' inventory on hand
Analysis of the hiring process : analysis of the hiring process including regulatory requirements, sourcing applicants, the formal interview, the selection process, and onboarding
Causes and effects of the primary problems : Summarise the causes and effects of the primary problems in CAT. Be clear about which issues are causing which effects and use appropriate tools to support
Provide the inventory record, using the moving average cost : Provide the inventory record, using the Moving Average cost method, for the month of March 2022 showing the total purchases, cost of goods sold
Calculate the epr for jewelry cases : Rachelle Razer has taken a job as production superintendent in a plant that makes, among other products, jewelry cases. Calculate the EPR for jewelry cases

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is eiffel expected october cash sale

Assuming no bad debts and a projected total cash inflow of P107,000 in October, what is Eiffel's expected October cash sale

  Compute for the ending capital balance of juan for year

The company had a net income of ?100,000 for personal use. Compute for the ending capital balance of Juan for the year 2017.

  Discuss the five legal principles of insurance

Define insurance from legal and business point of view. Discuss the five legal principles of insurance. Identify the general limitations of insurance

  Describe the type of subsequent event

Describe the type of subsequent event that occurred in this case and how it would be reflected in the financial statements

  Complete the npv analysis of the stamping machine proposal

Complete the NPV analysis of the stamping machine proposal, below. Regard all incremental relevant cash flows as "risky" and assume they occur

  What is the value of the stock

Sanding and Bending Inc. will pay no dividends for the next seven years. In the Year 8, it will pay a dividend of $6 and maintain a constant growth of 6 percent thereafter. If the required rate of return is 12 percent, what is the value of the sto..

  Estimate elasticity of demand of transatlantic air

Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class.

  What is River diluted EPS

On June 30, 2022, River awards 30 employees each with 200 shares of common stock. What is River diluted EPS

  What purpose of a flexible budget is

What purpose of a flexible budget is? To communicate target activity levels within an organisation by setting budget in advance of the period to which relates.

  Payment alternatives for the use of space

The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.

  Is this difference favorable or unfavorable

TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at closing and gave TPW.

  How you are going to create different levels and conditions

Your IVs: What they are and how you are going to create different levels/conditions. Your DVs: Measurement techniques/instruments, their demonstrated.

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