During the past six months, Ben sold goods that cost $43,500, his
expenses totaled $3,500 and his freight in totaled $1,750. His company's
average stock of goods during the same period was $12,400.
The inventory turnover ratio for Ben's company is
a.) 3.08
b.) 3.93
O c.) 3.51
d.) 3.37

Answers

Answer 1

Answer:

B

Explanation:

b.) 3.93

The inventory turnover ratio can be calculated by dividing the cost of goods sold by the average inventory.

Cost of goods sold: $43,500 + $3,500 + $1,750 = $48,750

Inventory turnover ratio: $48,750 / $12,400 = 3.93


Related Questions

Can someone help me with my recent question please

Answers

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

I really could use help

Answers

Answer:

pretty sure its arbitration

Explanation:

I looked up the meanings

hope i helped <3 good luck

Which of the following most accurately explains why fiat money has value ?

Answers

Answer:

MRCORRECT has answered the question

Explanation:

Fiat money has value because the government declares that it has value.

What is the most important reason financial information is provided by the major regulatory agencies to investors, depositors, and creditors of banks and financial institutions?

a-so they can regulate the banking industry
b-to manage business operations at the bank
c-to manage financial resources
d-to make informed decisions about banks and their financial condition

Answers

Answer:

d. to make informed decisions about Banks and their financial condition.

Explanation:

Financial regulatory agencies are saddled with the responsibility of providing financial supervision and regulations to Banks and financial institutions. They also maintain integrity in the financial system inorder to boost the confidence of investors, creditors, depositors and the general public.

However, one of the major reasons why financial information is provided by the regulatory agencies to investor, creditors and depositors is to make informed decisions about Banks and their financial conditions.

This means that various groups that have interest in Banks and financial institution are kept abreast of happenings in the financial sector of the economy and are able to know which bank and financial institution is healthy in terms of finances and to know where to invest subsequently.

In what way did Jesus go beyond the commandments in his teaching? Name one of the commandments and explain how Jesus is asking for more.

Answers

Answer:

1. Loving God above all things: Jesus just not teaching with words, but with his actions too, when he was in the desert 40 days and 40 nights without food or water, the devil tempts him for he kneels in front of the devil, I consider that was a big trial that no many humans can do, but he, strong and decided in his faith, doesn't kneel in front of the devil, demonstrating that the love to God is above the hungry, thirsty or another need of the human body (God above all things).

Explanation:

There are many examples that could show you how Jesus was the perfect human, but in this case, I select the trial in the desert, because was when Jesus directly fight with the devil, showing us that despite the needs form the human body, a person can overcome the difficulties and being a good example of a servant of God.

The key elements of creating effective advertising revolve around the two
categories of ____ and design.

A. Promises
B. Content
C. Music
D. Graphics

Answers

B content





The reason because there got to be a theme like that is a design and content like what is it about of the article or the story.

The key elements of creating effective advertising revolve around the two categories of content and design. Thus, option (b) is correct.

What is advertising?

The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.

According to the advertising, are the main element of the matter to the related details. The design was to attract to the consumer. The term design refers to the visual representation of image and shapes. The design main purpose to design of logo, word art, and advertisement design. The content of the paragraph are the necessary.

As a result, the key elements of creating effective advertising revolve around the two categories of content and design. Therefore, option (b) is correct.

Learn more about on advertising, here:

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Which of the following is FALSE about products:
a) They are tangible goods
b) They offering packaging to protect the product
c) Most are not new but are existing products with improvements
d) They are consumed at the same time they are produced

Answers

Answer: D

Explanation:

Products are not consumed at the time produced

Answer:D

Explanation:

which of the following would be a result of less m1 money in the economy?

A. the amount of money printed goes up
B. the unemployment rate will become zero
C. the value of money drops as well as prices
D. the economy is strengthened

Answers

I think the Awser is maybe d BUT NOT SURE!:)

Answer:

C

Explanation:

just took the test

А ___store is one that sells goods to consumers.
wholesale
markdown
markup
retail​

Answers

A retail store is one that sells goods to consumers

Answer: retail

Explanation:

A retail sale occurs when a business sells a product or service to an individual consumer for his or her own use

Which of the following is a true statement regarding an individual or family
budget?
A) It should be kept on paper only.
B) It will not need to be changed or updated.
C) It can be created on a computer.
D) Budgets don't help with money management.

Answers

c is the correct answer
The correct answer is (c)

CAN SOMEONE PLEASE HELP ME WITH MY ECONOMICS CLASS I BEEN STRUGGLING ON IT PLEASEEE HELP ME !!!!
Only answer if your serious!!!!

Answers

Answer:

can u tell me what it is and I'll help

What is the first step in the process of preparing for college?

Answers

Passing most of your classes

______can be computed based on hard data or expert judgment and relevant
experience.

Incentives

Workforce allocation

Performance indicators

Durations

Answers

workforce allocation

6. Commercial banks create money by
A. making loans while only keeping a fraction of deposits in
cash on hand at any given time.
B. printing money as the needs of the economy change.
C. accepting loan payments that are made on time.
D. borrowing money from other banks.

Answers

Answer: I think is A

Explanation:


A. Making loans while only keeping a fraction if deposits in. Commercial banks make money by providing loans and earning interest income from those loans.Customers who deposit money into these accounts effectively lend money to the bank and are paid interest. However, the interest rate paid by the bank on money they borrow is less than the rate charged on money they lend.

4. Which of the following is a miniature supermarket, carrying only a limited line of high-turnover goods?
a. Specialty discount store
b. Warehouse club
c. Department store
d. Convenience store

Answers

A. a specialty discount store because they are nice items marked down

What is customer service and why is it important?

Answers

Answer:

is the fact of taking care of the customer's needs by providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met

Increase the amount of money each customer spends with your business. Increase how often a customer buys from you.

Explanation:

it’s a system where customers can receive help from staff. it’s so important because they can direct customers, and help them in many ways.

Please help me !!:((

Answers

Answer:

Menu bar is C. Task pane is D. Formatting toolbar is E. Slide pane is A. Slide normal view is F. Drawing tool bar is B.

Explanation:

I hope this is right.

Mia has an investment that is worth $12,000 after 4 years. If the initial investment was $8,000, what is the annual simple interest rate?

Answers

Answer: 12.5 %

Explanation:

Hi, to answer this question we have to apply the simple interest formula:  

I = p x r x t  

Where:  

I = interest (investment after interests - principal; 12000-8000=4000)

P = Principal Amount (initial invest)  

r = Interest Rate (decimal form)  

t= time  

Replacing with the values given  

4,000= 8,000 (x) 4

Solving for x :

4,000= 32,000x

4,000/ 32,000 =x

x= 0.125

Since the interest rate is in decimal form, we have to multiply it by 100 to obtain the percentage.

0.125 x 100 = 12.5 %

Feel free to ask for more if needed or if you did not understand something.  

Which of the following is an important and valuable trait of an effective
message?

A.Simple
B.Multi-faceted
C.Complex
D.Technical

Answers

Answer:

simple

Explanation:

Simplicity is an important and valuable trait of an effective message. The correct option is A. To be a good communicator, your communications must be clear, concise, accurate, and well-organized. This will prevent misunderstandings and guarantee that they successfully complete each stage of the Communications Process.

What is the most important part of a message?

The headline is the first thing that members of the audience notice. It catches their interest. It promises a remedy to a problem that the audience is experiencing.

The notion of simplicity or parsimony—roughly, the idea that simpler explanations of observations should be preferred to more complex ones is typically attributed to William of Occam and is known as Occam's razor.

When you include unneeded material in your messages, it dilutes your message and draws attention away from your important points. When you keep your message basic, it draws attention to the crucial details.

Thus, the ideal selection is option A.

Learn more about simplicity in message here:

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A______is a breakdown of a project into its various component parts with the
activities that must be performed for each component.

Work Breakdown Structure

Critical Path

Peak Performance Model

Scheduling Process

Answers

Answer:

work breakdown structure

The type of law that deals with relationships between an owner and an agent is
a
common law.
b
agency law.
criminal law.
property law.
d

Answers

Answer:

B. Agency law.

Explanation:

Hope it helps

What is the sale price for a swimming suit with a regular price of $59.95 which is on sale for 30% off?
$77.94
$17.99
$30.00
$70.00
$41.97​

Answers

Answer:

$41.97

Explanation:

Do you think marketers truly have the power to change the way we think? If so, what are the

implications?

Answers

Answer:

Yes.

Implication : Manipulate demand and choices

Explanation:

Marketing involves communicating the product to the customers at the right price, to the right people and delivering to the right place.

If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.

lip gloss or expoe stuff

Answers

Answer:

lip gloss

Explanation:

r u askin or telling us well if ur asking then lip gloss ofc

help plz 100 points
Some states charge a recycling or disposal fee on certain electronic items, including computers. Assume you live in one of these states. This fee, which is generally charged at the time of purchase, increases your cost by approximately $5. What is your financial cost now to purchase the computer?

Answers

Answer:

The disposal fee increases the cost to $1,105.

Explanation:

PLATO ANSWER!

The lower risk you are as a borrower,
A) the better the terms of your loan will be.
B) the higher the interest rate you will be charged
C) the longer you can take to pay off the loan.
D) the less likely you are to get a loan.

Answers

C? i think it would be that

Consider the following set of numbers:
{1, 2, 3, 4, 5, 6, 7, 8, 9, 10)
What is the probability of drawing an even number or a
multiple of 3?


25​

Answers

Answer:

7/10

Explanation:

Given the following set of numbers:  {1, 2, 3, 4, 5, 6, 7, 8, 9, 10}

There are 5 even outcomes: {2, 4, 6, 8, 10}

There are 3 multiples of 3: {3, 6, 9}.

Combining these lists we get 7 desired outcomes: {2, 3, 4, 6, 8, 9, 10}

Therefore, the probability of drawing an even number or a  multiple of 3 is: (desired outcomes)/(total outcomes) = 7/10

does someone know how much is t
he new MacBook pro 2020 (1,200) but with the student discount ?​

Answers

1,199 I typed the iPad pro

Explanation:

give me the money

Which leadership style is characterized by limited discussion of new ideas and is best used in groups who are not well acquainted with each other

Answers

Answer:

Autocratic

Explanation:


Brent would like to start a small landscape business this summer. He has a lawn mower, but needs a truck to
carry the lawn mower and other supplies. He has saved $5,700.
Since his uncle knows a lot about trucks, he decides to ask him for some help. His uncle recommends a few
truck models and suggests that he pay attention to how many miles the car has. His uncle reminds him that he
will need to pay for the sales tax and license for the car. Brent sets aside $800 for these expenses. He does
some research and finds the following trucks within his budget:
1996 Ford F150 2000 Toyota Tundra 1998 Chevrolet 1500
red
white
red
8 cylinder
6 cylinder
6 cylinder
automatic
manual
automatic
124,365 miles
106,675 miles
120,325 miles
$4,495
$4,899
$4,795
Brent thinks about how much he will need to pay for car insurance. He thinks that it would be a good idea to get
quotes on auto insurance for the models that he is considering. He also thinks about the truck's gas mileage and
how the truck was rated.

Answers

Answer:

I would buy the 2000 Toyota Tundra. Yes it is the most expensive, but it is the newest so it should require less expense money for problems, it is a manual transmission 6 cylinder so it should get better gas mileage, and it has fewer miles. The rankings of these trucks are not provided, however a Toyota tundra is considered to be a workhorse in the truck. If this is an opinion question, that's my choice.

Explanation:

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