subject
Business, 03.12.2021 17:30 gibbss80stu

Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inventory (LO6-2, 6-7) Skip to question [The following information applies to the questions displayed below.] Lewis Incorporated and Clark Enterprises report the following amounts for the year. Lewis Clark Inventory (beginning) $ 24,000 $ 50,000 Inventory (ending) 18,000 60,000 Purchases 261,000 235,000 Purchase returns 15,000 60,000 Exercise 6-15A Part 1 Required: 1. Calculate cost of goods sold for each company.

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 16:20, ghlin96
Kinkead inc. forecasts that its free cash flow in the coming year, i. e., at t = 1, will be −$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?
Answers: 2
image
Business, 21.06.2019 22:50, DnakMeme6e7272727272
The leading producer of cell phone backup batteries, jumpstart, has achieved great success because they produce high-quality battery backups that are not too expensive. even so, another company that produces lower-quality batteries at the same price has also achieved some success, but not as much as jumpstart. also, in general, the price of backup batteries has declined because of economies of scale and learning. in addition, jumpstart has added complementary assets, such as a carrying case. considering all of these factors, the backup battery industry is most likely in the introduction stage. growth stage. shakeout stage. maturity stage.
Answers: 2
image
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
image
Business, 22.06.2019 14:00, ellisc7044
Why is efficiency an important economic goal?
Answers: 2
You know the right answer?
Exercise 6-15A Calculate cost of goods sold, the inventory turnover ratio, and average days in inven...

Questions in other subjects:

Konu
Mathematics, 16.10.2020 19:01
Konu
Mathematics, 16.10.2020 19:01
Konu
Mathematics, 16.10.2020 19:01