What is the inventory turnover

Assignment Help Accounting Basics
Reference no: EM132618923

Question - Golden Corporation has ending inventory of Br. 423,500, and cost of goods sold for the year just ended was Br. 2,365,450. What is the inventory turnover? How long on average did a units of inventory sit on the shelf before it was sold?

Reference no: EM132618923

Questions Cloud

Why are accounting requirements for job-order costing : Explain the difference between normal cost of goods sold and adjusted cost of goods sold? Why are accounting requirements for job-order costing
How the economic concentration influenced the supply chain : Analyze how the economic concentration in the area you chose influenced the supply chain. Analyze which of the 4 factors of production were the most.
Create new contribution format income statement : Prepare new contribution format income statement under each of the selling price decreases by 50 cents per unit, and the number of units sold increases
Business initiative and technology : Your business plan you developed a comprehensive analysis of your business concept, business model, target market, feasibility study, competitive analysis,
What is the inventory turnover : Golden Corporation has ending inventory of Br. 423,500, and cost of goods sold for the year just ended was Br. 2,365,450. What is the inventory turnover
How much information to gather to minimize uncertainty : Identify a situation that involves making decisions using expected value, and detail the different options, expectations, and payouts.
Find what is the company new break-even point in units : Super Sales Company is able to reduce its variable expenses by $3 per unit. What is the company's new break-even point in units and in sales dollars?
Determine the effect that the errors will have : Ignoring income taxes, determine the effect that the errors will have on the following: Cost of good: over or understated and what is the amount of the error
How do create two contribution format income statements : Make two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes

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