What is the length of the days sales in inventory

Assignment Help Financial Accounting
Reference no: EM13793307

Scribble, Inc. has sales of $92,000 and cost of goods sold of $76,000. The firm had a beginning inventory of $22,000 and an ending inventory of $24,000. What is the length of the days' sales in inventory? (Round your answer to 2 decimal places.)

95.22 days

115.26 days

105.66 days

87.28 days

Reference no: EM13793307

Questions Cloud

Explain how contingency theory and differentiation occurred : Explain how contingency theory, differentiation, or integration occurred in the change. Explain two strengths and one limitation that may occur in this restructuring and provide a recommendation to address the limitation.
Importance to the history of technology : Choose TWO items from the list below and write a paragraph (at least 100 words) for each of the following topics. Make sure to 1) describe/define the item by giving an example , and 2) discuss its importance to the history of technology.
Discount brokerage firm : Buying Stock with Commission At your discount brokerage firm, it costs $10.55 per stock trade. How much money do you need to buy 300 shares of Ralph Lauren (RL), which trades at $85.25?
Discuss the concept of happiness : The prompt is: "How has happiness been defined both past and present. Starting with one ancient philosopher, choose two more from any time period and discuss the concept of happiness."
What is the length of the days sales in inventory : Scribble, Inc. has sales of $92,000 and cost of goods sold of $76,000. The firm had a beginning inventory of $22,000 and an ending inventory of $24,000. What is the length of the days' sales in inventory?
Energy sources and their environmental effects. : Discuss some challenges that our nation faces with managing our energy resources and how these challenges have affected you personally
Discuss the nature of the accounting information : Discuss the significance to financial analysts of three of the accounting conventions / concepts when they are using ratio analysis to assess the performance of companies - Discuss the nature of the accounting information that is provided in a ..
How turbulence can impact the organization : Select an organization and consider how turbulence can impact the organization.
Slave from the roman empire : Compare and contrast a slave from the aztec empire with a slave from the roman empire?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are the direct labor costs for the period

Factory overhead costs for this period were 3 times as much as the direct material costs. Prime costs totaled $2,000. Conversion costs totaled $3,280. What are the direct labor costs for the period?

  Questionusing the information below and on the next two

questionusing the information below and on the next two pages prepare the following as at 30th june 2014part a

  Illustrate what are his deductions for and from agi

Tim has AGI of $92,000 during the year and the following expenses related to his employment. Tim is reimbursed $13,000 under his employer’s accountable plan. Illustrate what are his deductions for and from AGI?

  Prepare circuit citys statement of cash flows

Prepare Circuit Citys statement of cash flows for the year ending May 30, 2001.

  Calculate net cash flows for 10 years

Is there any contradiction among the results of above used techniques? What would be your final recommendation regarding the acceptance/rejection of the project? Support your recommendation with financial rationale.

  What cost information would be relevant to a decision

Using the concept of incremental analysis, expand on Nick's response on "why do you want to know?" what cost information would be relevant to a decision to drop the product that would not be relevant to a decision to increase a production by 100 u..

  Total contribution margin is equal

Total contribution margin is equal to: A. total sales less fixed costs B. fixed costs plus profits C. Variable costs plus profits D. total sales less profits

  Create an income statement using full costing

The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations: Create an income statement using full costing.

  What concepts state an accounting transaction allow

what accounting concepts state that an accounting transaction should be supported by sufficient evidence to allow two or more qualified individuals to arrive at essentially similar conclusion?

  Compute the july 31 balances of factory overhead account

Journalize the entries to record the operations, identifying each entry by letter. Compute the July 31 balances of the inventory accounts. Compute the July 31 balances of the factory overhead accounts.

  What is the marginal cost of making one additional chair

What is the marginal cost of making one additional chair and how much money will the company make or lose on this order?

  Capacity utilization effect on product mix

Capacity utilization effect on product mix and profitability and describe how capacity utilization affects product mix and profitability.

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