What was the average days in inventory during the year
Flagstaff Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000.
what was the average days in inventory during the year approximately?
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Bunting Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2007. The weighted average number of shares outstanding in 2007 was 50,000 shares. Bunting Corporation's common stock is selling for $50 per sha
What amount will be reported in the Estimated Warranty Liability account on the December 31, 2011 balance sheet?
Determine the following: whether the firm is operating efficiently, its objective to minimize the cost of producing the given level of output.
What are some reasons you might consider data or information to lack validity, credibility, or reliability? Explain your answer by using examples.
What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions?
Critically reflect on the importance of the risk and return balance. Consider the following: Can we ever have any return without some type of risk? If you take on a large risk, are you guaranteed a large return? Why or why not?
Prepare a journal entry(ies), if required, to reflect any accounting adjustment required. Assume a perpetual inventory system is used by your client.
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