What is the length of the inventory period

Assignment Help Finance Basics
Reference no: EM13291043

Stoney Brooke, Inc. has sales of $860,000 and cost of goods sold of $630,000. The firm had a beginning inventory of $37,000 and an ending inventory of $45,000. What is the length of the inventory period.

Reference no: EM13291043

Questions Cloud

At what price should the bonds sell : Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 7.0%, at what price should the bonds sell?
Dsescribe steam is withdrawn from the top of the tank : A tank contains 20 percent liquid water and 80 percent steam by volume at 200 degrees celsius. Steam is withdrawn from the top of the tank until the fluid remaining in the tank is at temperature of 150 degrees. Assuming the tank is adiabatic and t..
What is the economic order quantity : The sofas are sold out before they are restocked. What is the economic order quantity?
Compute the charge on each ball : Two identical pith balls are hung by insulating strings, touching each other, as in the picture below. The mass of each ball is 0.002kg. Determine the charge on each ball
What is the length of the inventory period : Stoney Brooke, Inc. has sales of $860,000 and cost of goods sold of $630,000. The firm had a beginning inventory of $37,000 and an ending inventory of $45,000. What is the length of the inventory period.
What is the amount of the firm disbursement float : The checks that are received are deposited immediately and the funds are generally available the following day. What is the amount of the firm's disbursement float.
Design a circuit for control of lights at anytime : Design a circuit for control of lights. There are 3 inputs:Reset, start and clock. Three outputs: Red, Yellow, Green, whichare used to turn on the lights. Only one light can be on at anytime. Reset forces the circuit into a state in which the red ..
Write a critical essay aiming to resolve the issue you pose : Write a critical essay aiming to resolve the issue you pose by following “A Strategy for Understanding, Developing, and Presenting Moral Arguments” (given in theCourse Manual).
The ir spectrum are characteristic for stretching vibration : Peaks that appear to the right of 3000 cm-1 in an IR spectrum are characteristic for which stretching vibration

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute the current value per share of stock

Shara Miselle Co. just paid a dividend of $1.65 on it's common stock. This companys dividend are expected to grow at a constant rae of 3% indefinately. If the required rate of return on this stock is 11%, compute the current value per share of sto..

  What is an appropriate forward exchange rate

Your firm is a U.S.-based exporter of toys. You have sold an order to an Italian firm for €1,000,000 worth of toys. Payment from the Italian firm (in €) is due in 1 year.

  Which swap candidate would be the best choice

Do you see any reason why Marlene should switch from her present bond holding into one of the other three issues? If so, which swap candidate would be the best choice? Why?

  What is the expected dividend per share

What is the expected dividend per share for each of the next 5 years? Round your answers to the nearest cent.

  Determine parity relationship suggests the futures price

Suppose a futures contract exists on Micromedia stock that expires in two months. Micromedia has a current market price of $200, has a beta of 1.15, a 0% dividend yield, and a standard deviation of .33. The current T-Bill rate is 5% yearly.

  Calculate the after-tax weighted average cost of capital

Given the following data for U&P Company: Debt (D) = $100 million; Equity (E) = $300 Million; rD = 6%; rE = 12% and TC = 30%. Calculate the after-tax weighted average cost of capital (WACC)

  Compute the current value of the stock

Sam's Corporation expects to pay a dividend of $6 per share at the end of year one, $9 per share at the end of year two, and then be sold for $136 per share at the end of year two.

  Determine the maximum price of stock

As an shareholder you have a required rate of return of 14% for investments in risky stocks. You have analyzed three risky firms and must decide which to purchase.

  Finding sustainable growth rate

Storico Cleaning, Corporation, had additions to retained earnings for the year just ended of $510,000. The company paid out $130,000 in cash dividends, and it has ending total equity of $6.8 million.

  Prepare necessary adjusting entries

I have already journalized all entries required, but am having trouble with adjusting entries at December 31 to record amortization required by the events above.

  Predict the impact of each state population increase

Predict the impact of each state's population increase on the four highest discretionary spending accounts.

  Is the canadian dollar selling at a premium or a discount

Assuming purchasing power parity (PPP) holds, what is the cost in the U.S. of a Moosehead beer if the price in Canada is Can$2.50?

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