BL Industries has ending inventory of $302,800, annual sales of $2.33 million, and annual cost of goods

Fantastic news! We've Found the answer you've been seeking!

Question:

BL Industries has ending inventory of $302,800, annual sales of $2.33 million, and annual cost of goods sold of $1.41 million. On average, how long did a unit of inventory sit.

On the shelf beforeit was sold?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

See More Books

Posted Date: Jul 04, 2023 07:55 AM

See More Questions

The Top Corporation has ending inventory of $426,287, and cost of goods sold for the year just ended was $4,738,216. What is the inventory turnover? The days sales in inventory? How long on average...
The Cape Corporation has ending inventory of $483,167, and cost of goods sold for the year just ended was $4,285,131. 1. What is the inventory turnover? 2. What are the days sales in inventory? 3....
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
The CEO of Amazon, has publicly questioned the advisability of granting patents for business processes such as his companys 1-Click ordering process. Do such patents put a chilling effect on the...
Electric Force With in the Nucleus Typical dimensions of atomic nuclei are of the order of l0-15 m (1 fm). (a) If two protons in a nucleus are 2.0 fm apart, find the magnitude of the electric force...
Activity based budget; kaizen improvements. Korna Company manufactures a product, gizmo that uses the following direct inputs: Korna has no direct materials inventory. All manufacturing overhead...
The trial balance of Ninas Novelty, Inc., at September 30, 2010, and the data needed for the month-end adjustments follow: a. Insurance coverage still remaining at September 30, $800. b. Supplies...
Heritage Union has said that 66% of U.S. adults have purchased life insurance. Suppose that for a random sample of 50 adults from a given U.S. city, a researcher finds that only 56% of them have...
Question 2 Real Deal Ltd. has an authorized share capital of 50 000 ordinary shares of $10 per share which 30 000 have been issued at par and are fully paid. Real Deal Ltd. decided to issue the other...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Consider a 30-year, $115,000 fixed-rate mortgage with a nominal annual rate of 5.65 percent. All payments are made at the end of each month. What is the remaining balance on the mortgage after 5...
Describe some economic factors that might provide an advantage to leasing.
What is the fiduciary duty (i.e., the primary goal) for most U.S. corporations?
How do tax laws affect leasing?
What is an agency problem? What is corporate governance?
Under what conditions will the lessors NPV be the negative of the lessees NAL?
Find the radius of convergence of the power series. (If you need to use co or -00, enter INFINITY or -INFINITY, respectively.) (-1)"x" 20 n=0 1
Archangel Corporation prepared the following variance report. Instructions Fill in the appropriate amounts or letters for the question marks in the report. ARCHANGEL CORPORATION Variance...
While a firms sales and net income have been steady during the last three years, the firm has experienced a decrease in its accounts receivable and inventory turnovers and an increase in its accounts...
JCPenney operates a chain of retail department stores, selling apparel, shoes, jewelry, and home furnishings. It also offers most of its products through catalog distribution. During fiscal Year 5,...
This problem explores the sensitivity of the value-earnings and value-to-book models to changes in underlying assumptions. We recommend that you design a computer spreadsheet to perform the...
Fill in the Blank. When finite amplitudes of motion are involved, __________ analysis becomes necessary.
Fill in the Blank. __________ equation involves time-dependent coefficients.
Fill in the Blank. __________ principle is not applicable in nonlinear analysis.

BL Industries has ending inventory of $302,800, annual sales of $2.33 million, and annual cost of goods

Question:

Expert Answer:

To calculate the average number of days a unit of inventory sat on the shelf before it was sold we c... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

Students also viewed these finance questions