Gonzalez Company has beginning inventory of ($ 400,000), cost of goods sold of ($ 2,200,000), and days
Question:
Gonzalez Company has beginning inventory of \(\$ 400,000\), cost of goods sold of \(\$ 2,200,000\), and days in inventory of 73 . What is Gonzalez' inventory turnover and ending inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Days in inventory 365 Inventory turnover 73 365 Inventory tur...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
Question Posted:
Students also viewed these Business questions
-
Bromination of an alkene by N-bromosuccinimide (NBS) in thepresence of light or peroxide is a radical reaction and produces anallylic bromide. For the following bromination of3-methylcyclopentene,...
-
What form does a self-employed sole proprietor usually use to report income and expenses from business? a. Schedule C b. Schedule D c. Schedule A, Miscellaneous Itemized Deductions d. Form 2106,...
-
Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of $8 per unit. During the year, purchases were: Milo Company uses a periodic inventory system. Sales totaled 1,500...
-
1- The z-axis carries filamentary current of 10. A. Find Hat (-3,74,0) ? p= = = 2- The Y-axis carries filamentary current of 10 A. Find H at (-3,4,1) ? p= ,= = p= , = H p= 3- The X-axis carries...
-
Two firms, each in a different country, sell homogeneous output in a third country. Government 1 subsidizes its domestic firm by s per unit. The other government does not react. In the absence of...
-
1. Explain the following concepts in the context of the case and how it relates to individual and organizational factors that contribute to fraud: Rationalizations for unethical actions. Stakeholder...
-
A Rankine oval is formed by combining a source-sink pair, each having a strength of \(36 \mathrm{ft}^{2} / \mathrm{s}\) and separated by a distance of \(12 \mathrm{ft}\) along the \(x\) axis, with a...
-
Titan Mining Corporation has 9.3 million shares of common stock outstanding and 260,000 6.8 percent semiannual bonds outstanding, par value $1,000 each. The common stock currently sells for $34 per...
-
Explain the environmental and safety considerations in crystallization processes, focusing on strategies to minimize hazardous waste, reduce energy consumption, and ensure process safety through...
-
Generally, a principal whose agent commits a tort in the scope of their employment is not liable to persons injured. (True/False)
-
Using the following data from the comparative balance sheets of Alfredo Company, perform a horizontal analysis. Accounts payable Common stock Total liabilities and equity December 31, 2025 $ 300,000...
-
Find the Internal Revenue Code on any freely accessible website and provide the URL. Do you consider the site reliable? Why or why not? What assurance, if any, does the site provide that its...
-
c) What is the output of the code fragment? public class Rectangle ( int width; int length; public static void main(String[] args) { } Rectangle rl = new Rectangle (); System.out.println (rl.width +...
-
An Airline flies directly from Istanbul to Housten and numbers its coach fare classes from higher to lower as 1 , 2 and 3 . The airline has zoo seats in the coach class. The ticket prices for the...
-
Multisim allows you to put digital logic theory into practice through schematic simulations and deployment to hardware. This software acts as a verification tool to aid your understanding of digital...
-
As you will be developing your own business plan as you progress through your program, this discussion will provide you the opportunity for an in-depth preview of what business planning entails and a...
-
Improving a company's operations and supply chain is an ongoing job. New ways to make things, to move goods, and to interact with customers, along with a myriad of other opportunities, become...
-
Achi Corp. has preferred stock with an annual dividend of $3. If the required return on Achis preferred stock is 8%, what is its price?
-
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
-
Brookfield Asset Management Inc., a publicly traded company, reported in its financial statements for the year ended December 31, 2012, the following information: purchases of investments in...
-
On June 30, $150,000 of five-year, 10% Orbite bonds are issued at $138,960 to yield a market interest rate of 12%. Interest is payable semi-annually each June 30 and December 31. (a) Record the...
-
On January 1, 2015, Columbia Ltd. purchased $200,000 of 10%, 10-year bonds at face value (100) with the intention of selling the bonds early next year. Interest is received semi-annually on July 1...
-
Which portfolio element simplifies the consistent use of multiple competing products that have similar functions? Cortex Data Lake Cortex XSOAR automation Cortex XDR analysis Cortex XDR integration
-
Describe the need for Exploratory Data Analysis ( EDA ) . Explain the t - test method for EDA with a suitable example.
-
Discuss how quantum computing might revolutionize the field of electrical engineering. What potential applications or advancements do you foresee in power systems, signal processing, or semiconductor...
Study smarter with the SolutionInn App