What is the company day sales in inventory

Assignment Help Accounting Basics
Reference no: EM13138714

How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?

Reference no: EM13138714

Questions Cloud

What is the company current ratio close to : Crockford Company's working capital is $272,000 and its current liabilities are $340,000. What is the company's current ratio close to?
Governmental funds statement of revenues : A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures and Changes in Fund Balances:
The uml class : The UML Class, Sequence Diagrams etc, can be drawn in preferably NetBeans UML, if it is not convenient on that, any other UML tool would do
Explain one signaling element is used to represent : Bandwidth, In a given communications system, one signaling element is used to represent 64 bits. The required data rate is 1.789 Mbps.
What is the company day sales in inventory : How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?
Probability that return for common stocks will be greater : ssume that these distributions are distributed as normal random variables with the means and standard deviations given previously. Find the probability that the return for common stocks will be greater than 8%.
Order of catholic mass and rcia : Also on Sundays the first and second readings are usually from what part of the bible? On Sundays in 2006 what year is it? On weekday readings in 2006 what year is it?
Statement of revenues and expenditures : A government's Statement of Revenues, Expenditures and Changes in Fund Balances reflected proceeds of bonds in the amount of $1,000,000. That statement also reflected expenditures for debt service in the amount of $3,000,000, including $2,600,000 ..
Find out the minimum signal to noise ratio : Determine the minimum signal to noise ratio (s/n) in dB required in each communication channel to achieve a data rate of 270 kbps?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the inventory direct labor costs

Assuming that the company's $337,485 ending Finished Goods Inventory account for year 2011 had $137,485 of direct materials costs, determine the inventory's direct labor costs and its overhead costs.

  Way to explain accounting to a non-accountant

What is the best way to explain accounting to a non-accountant? Analyze the importance of having a good understanding of accounting, and the implications of a lack of understanding have for business?

  Find relation between tolerable misstatement, inherent risk

How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?

  Accounting for bad debts

What amount of bad debts expense will Hamilton Company report if it uses the direct write-off method of accounting for bad debts?

  Prepare a statement of retained earnings for the year

Prepare a statement of retained earnings for the year.

  Fund balances to the changes in net assets

When moving from the changes in fund balances in the Statement of Revenues, Expenditures and Changes in Fund Balances to the changes in net assets in the Statement of Activities, what will be the adjustment?

  Gain on the consolidated income statement

In the same year Nectar sold land costing $30,000 to Lorikeet for $50,000 On July 1, 2005, Lorikeet sold the land to an unrelated party for $110,000. What was the gain on the consolidated income statement?

  Audit functions in your organization

Relate your explanation to the audit functions in your organization, or an organization with which you are familiar.

  Various approaches to setting transfer prices

What are the main approaches for setting transfer prices? How can the problems that these approaches create be reconciled between the selling and buying divisions?

  Sharing income in the ratio

Tomas and Saturn are partners who share income in the ratio of 3:1. Their capital balances are $80,000 and $120,000 respectively. Income Summary has a credit balance of $30,000. What is Tomas' capital balance after closing Income Summary to Capita..

  What is tex ordinary income

Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?

  Estimating future warranty expenses

The new management of YC Inc. has increased the amount of their year-end liability-expense accruals by over 35% compared to recent years, primarily in recording estimated future warranty expenses. The most likely reason for this action is to:

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