Calculate jessicas average days sales in inventory

Assignment Help Accounting Basics
Reference no: EM131799639

Selected data pertaining to Jessica's Jewels for the calendar year 2015 is as follows:

Net cash sales

$6,000

Cost of goods sold

24,000

Inventory at 12/31/14

6,000

Purchases

20,000

Accounts receivable 12/31/14

24,000

Accounts receivable 12/31/15

22,000

Calculate Jessica's average days' sales in inventory. Round your answer to the nearest decimal point.

Reference no: EM131799639

Questions Cloud

Briefly summarize the study in your own words : Understanding the differences among the types of epidemiological study designs is important for translating the results to public health practice.
Explain the importance of possessing : Explain the importance of possessing a working knowledge of statistics as a special educator. If you do not understand statistics
Disadvantage if lakeview decided to purchase the parts : What would be the net cost advantage or disadvantage if Lakeview decided to purchase the parts
Explain the influence that technology has had : Explain the influence that technology has had in creating a strategic partnership between HR and the organization.
Calculate jessicas average days sales in inventory : Calculate Jessica's average days' sales in inventory, Selected data pertaining to Jessica's Jewels for the calendar year 2015 is as follows
Scope of management energy : Explain the meaning, purpose and the scope of management energy from the view of economy and politic.
Evaluate whether your project made a difference in practice : In order to evaluate an evidence-based practice project, it is important to be able to determine the effectiveness of your change.
Explain the conversation you would have with the employee : Explain the conversation you would have with the employee, based the concepts found in Chapter 2 in your textbook.
Calculate golden gate construction weighted-average cost : The cost of Golden Gate's equity capital is 15 percent. Calculate Golden Gate Construction Associates' weighted-average cost of capital

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd