Gross marketing contribution is interpreted as is left over after the sale and manufacture of a good to cover marketing, fixed costs, and profit.
Gross profit is the profit of a company after deducting the costs associated with manufacturing and selling a product or the costs associated with providing a service. Gross profit is shown on a company's income statement and can be calculated by subtracting cost of goods sold (COGS) from revenue (sales).
The formula for calculating total sales is total sales x original sales price = total sales. A company's total sales are the total sales of all its products and/or services over a period of time. This figure, called top-line sales, represents the company's total sales before deductions, returns, or allowances.
Gross margin is the amount left over by a company after deducting all direct costs of producing or purchasing the goods or services it sells. The higher the gross profit margin, the more money the company can contribute to overhead costs and other expenses such as interest.
Learn more about Gross profit https://brainly.com/question/942181
#SPJ4
other things equal, the supply of labor will be higher to a job that a. doesn't allow for flexible work schedules. b. is not prestigious and provides low wages. c. is riskier than other jobs. d. requires advanced skills or education. e. offers valuable on-the-job training.
The supply of labor will be higher for a job that offers valuable on-the-job training and also offers more amenities. So option e. is correct.
The demand for labor is one determinant of the equilibrium wage and equilibrium quantity of labor in a perfectly competitive market. The supply of labor is the other. Economists think of the supply of labor as a problem in which individuals weigh the opportunity cost of various activities that can fill an available amount of time and choose how to allocate it.
The labor supply is defined as the number of workers willing and able to work, multiplied by the hours they are willing and able to work.
Learn more about labor supply here:
https://brainly.com/question/17460305
#SPJ4
i am using controlling, coordinating, mediating and synthesizing as i focus on issues to help the team complete goals. which type of leadership decision making am i using? group of answer choices internal task actions external relationship actions environmental assessment actions internal relationship actions
Option a is correct. the type of leadership decision making that I am using is internal task actions.
The Hill Model for Team Leadership was put forth by Hill (2019) and it stresses the desired results of teamwork as a result of team excellence. The paradigm starts with leadership decisions, moves on to internal and external leadership actions, and concludes with an assessment of the effectiveness of the team as a whole. This paradigm places a strong emphasis on team leadership as a result of collaborative problem-solving. The entire team should partake in the leadership, which means that all decisions and oversight of team-wide actions should be made. Performance and development are the two outcomes of good teamwork. The definitions of performance and development are respectively "task completion" and "team maintenance" (Hill, 2019).
Know more about leadership here:
https://brainly.com/question/29452698
#SPJ4
savor co. had $100,000 in accrual basis pretax income for the year. at year end, accounts receivable had increased by $10,000 and accounts payable had decreased by $6,000 from their prior year-end balances. under the cash basis of accounting, what amount of pretax income should savor report for the year?
B) $84,000 is the amount of pretax income savor should report for the year
The pretax income on the cash basis is $10,000 lower than the pretax income on the accrual basis due to an increase in accounts receivable of $10,000. Although the company provided the goods or services, payment has not yet been received.
Accounts payable decreased by $6,000, resulting in a $6,000 difference between the pretax income on the cash basis and the pretax income on the accrual basis. The business used cash in year two to settle debt from year one since it took on debt in year one but paid it off in year two. The outcome of adding the two negative adjustments is (-$16,000 + -$10,000). $100,000 - $16,000 = $84,000
To learn more about pretax income refer here:
https://brainly.com/question/15579784
#SPJ4
manuel tends to be calm and steady most of the time. for what position at his company is he particularly well suited?
Manuel tends to be calm and steady most of the time therefore he is suited as a manager for the position at his company.
What are the characteristics of a manager?The definition of a manager limits a manager to someone who oversees the activities of individuals. So in simple terms, managers oversee the activities of others to achieve objectives. To be a good manager, we need to have some good qualities, such as:
Leadership skills, to be an effective manager, we need to be able to lead our employees efficiently. Good communication skills are necessary. Effective communication is a staple that all the best managers have.
Lastly, another key factor in being a successful manager is time management.
Learn more about manager, here:
https://brainly.com/question/29023210
#SPJ1
janicek corp. is experiencing rapid growth. dividends are expected to grow at 28 percent per year during the next three years, 18 percent over the following year, and then 6 percent per year indefinitely. the required return on this stock is 11 percent, and the stock currently sells for $68 per share. what is the projected dividend for the coming year? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) projected dividend $
To project the share's dividend. Take the most recent yearly dividend payment made by the corporation. Add to that a projected dividend growth rate.
How much is the anticipated dividend?The percentage of a stock's stock price that a corporation is anticipated to pay out as dividends is known as the dividend yield (projected) for that stock. It is computed by subtracting the company's most recent month's end stock price from the expected yearly dividends per share (DPS) for the current fiscal year.
Do you remit dividend taxes?Dividend income is typically taxable. When a taxpayer receives a dividend from a single company that is worth more than $10, they frequently receive a Form 1099-DIV in the mail. In addition, if they are filing a federal tax return, taxpayers must include their income on Schedule B.
To know more about projected dividend visit:-
https://brainly.com/question/17156691
#SPJ4
the yields on commercial mortgages have been approximately 2 percent higher, on average, than the yields on comparable maturity treasury securities over the past 20 years. often considered the signature risk of commercial mortgage lending, this spread primarily represents:
Often considered the signature risk of commercial mortgage lending, this spread primarily represents default risk.
The risk that a lender assumes in the event that a borrower won't be able to make the necessary payments on their debt obligation is known as default risk.
Almost all types of credit extensions subject lenders and investors to default risk. Higher necessary returns translate into higher interest rates as default risk increases.
Any time a lender gives a borrower credit, there's a danger the loan won't get repaid in full. The default risk is the metric that considers this possibility.
Companies that issue bonds and, due to financial constraints, are unable to repay interest payments on such bonds are also subject to default risk.
To know more about default risk:
https://brainly.com/question/28235630
#SPJ4
if the consumer division is eliminated, $1,600,000 of the above fixed expenses could be avoided. what will be the effect on xampa's profit next year if consumer division is eliminated?
Xampa will save $1,600,000 in fixed costs if it closes its Consumer Division, but it will still owe $2,100,000 - $1,600,000 = $500,000 in fixed costs.
Consumers are individuals or groups that do not participate directly in entrepreneurial or business activities and who intend to order or utilise acquired goods, services, or experiences largely for their own social, familial, household, or other purposes. The person who buys things for their personal use is the one who uses the phrase the most frequently. President John F. Kennedy presented the US Congress with his definition of consumers on March 15, 1962. He said, "By definition, consumers encompass all of us." The idea for World Consumer Rights Day, which is now celebrated on March 15, was inspired by this lecture. John F. Kennedy emphasised in his speech that it is a fundamental responsibility of the government to support citizens in asserting their rights on behalf of consumers.
Learn more about Consumer from
brainly.com/question/380037
#SPJ4
Which Accenture tool will help the client in hiring for critical roles and decreasing attrition?
SynOps tools help the client in hiring for critical roles and decreasing attrition.
To create unique software products, Accenture Software blends strong technological aptitude with sector expertise. It provides cutting-edge software-based solutions to help enterprises achieve high performance and their business objectives. MyConcerto is the greatest Accenture tool for the project lead to start with. Accenture An integrated tool for business change is myConcerto. MyConcerto is a tool for streamlining and accelerating organizational change that is motivated by innovation.
MyConcerto makes the process of strategizing simpler. organizations in the healthcare sector that use varied data in a way that fosters insight-led decision-making, improved customer experiences, and ground-breaking commercial results.
Learn more about Accenture tools here: https://brainly.com/question/28222331
#SPJ4
Role _______ is experienced when individuals have inadequate information concerning their roles.
Role ambiguity is experienced when individuals have inadequate information concerning their roles.
When a person is subjected to demands that are inconsistent with their job or position, this is known as a role conflict. When people are pushed in different directions while attempting to respond to the many positions they hold, they experience role conflict.
Job conflict happens when employees are given multiple, incompatible roles at once or when their role overlaps with that of another employee or work group. A worker is more likely to experience stress at work if there is more role conflict.
Examples of Ambiguity in Roles:
When someone starts a new job, they are uncertain of their obligations, which results in unhappiness, worry, and tension.
To know more about Role ambiguity: https://brainly.com/question/28386737
#SPJ4
a favorable production-volume variance occurs when . question 6 options: the denominator level exceeds production unit sales exceed production production exceeds the denominator level production exceeds unit sales
A favorable production-volume variance occurs This is allegedly calculated or derived from. Income Before Taxes and Interest (EBIT). EBIT is the common name for this. The correct answer is production exceeds unit sales.
Those are returns from real estate investments or additional types of investment in a business that is after deduction of all taxes and other interests. Calculating is the method used in arithmetic computations. gross sales and service fees, as well as the labour that was put in. Take the price out of the merchandise sold, plus utility costs rent etc.
When the absorption costing method is used, only the cost of goods sold is taken into account; however, the fixed cost component is also taken into account and proportionately shared between finished goods inventory and items sold; this is not done with variable costing.Absorption costing will therefore indicate higher profit than variable costing when there is completed goods inventory on hand.
Complete question:
a favorable production-volume variance occurs when . question 6 options: the denominator level exceeds production unit sales exceed production production exceeds the denominator level production exceeds unit sales.
a. Are deferred in inventory when production exceeds sales
b. Are always treated as period costs
c. Are released from inventory when production exceeds sales
d. Are ignored
To know more about Production volume visit:
https://brainly.com/question/16902387
#SPJ4
a monopolist that fails to recover a short-run loss in the long run generally leaves the market. a. true b. false
A monopolist who is unable to make up a short-term loss in the long run typically exits the market.
Irving Fisher defines a monopoly as a market in which there is "no competition," leading to a situation in which one individual or company is the exclusive supplier of a certain commodity or service. This contrasts with oligopoly, duopoly, and monopsony, which relate to the dominance of a single firm over a market for the purchase of an item or service, respectively. Thus, the absence of viable substitute products, lack of economic rivalry for the production of the good or service, and the possibility of a high monopoly price that is much above the seller's marginal cost and creates a large monopoly profit are the characteristics of monopolies.
Learn more about monopolist about
brainly.com/question/13113415
#SPJ4
Which Accenture tool would best help the Project Lead begin the process?
The best Accenture tool to help the Project Lead begin the process is the Accenture Project Management Toolkit.
This toolkit provides templates, checklists, and best practices for project management. It also has a host of other features to help the Project Lead get up and running quickly.
Project Management is the process of planning, executing, and managing resources to achieve specific goals and objectives within a given timeline. It involves identifying and analysing project goals and objectives, setting project timelines and deliverables, and establishing and monitoring project tasks.
A Project Lead is the person responsible for leading the project team and ensuring that the project is completed on time, within budget and to the required standards.
To know more about project lead
https://brainly.com/question/28222331
#SPJ4
in 1995, when umpqua bank opened in new markets, which type of marketing effort did it utilize?
The type of marketing effort it utilizes is Formulated marketing.
Marketing strategy formulation refers to the process of establishing a company's marketing goals and objectives. It allows leaders to create policies or blueprints and build techniques to execute strategy. Marketing is essential to any good business.
Marketing activities are the resources companies spend to promote their products and services. Through marketing activities, businesses can generate demand and interest in their products and increase awareness among potential customers. Pharmaceutical formulation is a multi-step process in which the active drug is mixed with all other ingredients, taking into account particle size factors.
Learn more about Marketing here:- https://brainly.com/question/25754149
#SPJ4
Which of these represents the WORST negotiating tactic you can use when purchasing a vehicle?
Let the dealer know you are shopping around at multiple dealerships
Tell the salesperson the maximum amount you can afford per month
Be willing to leave if they’re not making you a good deal
Force the dealership to offer a price first, and you respond to their off
Tell the salesperson the maximum amount you can afford per month represents the worst negotiating tactic you can use when purchasing a vehicle.
What aspect of negotiation is most crucial?
Interests. According to Patton, interests—our core needs, goals, and motivations—are "the essential drivers of bargaining." Our interests, though frequently unseen and unsaid, yet guide our actions and words.
You always have the advantage because you are the customer. If you don't like what they are offering or simply need more time to think it through, you can leave. If you need a car right away, this might not be simple, but it's worth the effort to return another day or go to a different dealer.
To know more about negotiating, click here- brainly.com/question/29689939
#SPJ1
Tell the salesperson the maximum amount you can afford per month represents the worst negotiating tactic you can use when purchasing a vehicle.
What bargaining element is most important?Interests. Our fundamental needs, objectives, and motivations—our interests—are "the fundamental drivers of bargaining," in Patton's words. Even though they are typically hidden and unsaid, our interests still affect our behavior.
It's critical to communicate your goals and boundaries during negotiations in order to get the results you're hoping for. You can have courteous discussions with other negotiators and work toward an amicable resolution when you have effective communication skills.
Because you are the consumer, you always have the upper hand. You are free to leave if you don't like what they have to offer or just need more time to consider it. This may not be easy if you require a car right quickly, but it is worth the effort to return another day or go to a different dealer.
To know more about negotiating, click here- brainly.com/question/29689939
#SPJ1
are there any critical elements of accounting guidelines that will be crucial for uber to meet? explain your reasoning.
Based in San Francisco, Uber Technologies, Inc. (Uber) offers mobility as a service, ride-hailing (which enables customers to reserve a vehicle and driver to transport them similarly to a taxi), food delivery (through Postmates and Uber Eats), package delivery, courier services, and freight transportation.
Users may now reserve additional modes of transportation using the Uber app in select regions thanks to agreements with other operators including Thames Clippers (boats) and Lime (electric bicycles and motorized scooters).
At the time of the booking, Uber determines the prices, which change using a dynamic pricing model based on local supply and demand and are quoted to the client in advance. Uber also earns a fee from each booking.
As of December 31, 2021, it operated in over 72 countries and 10,000 cities.
Learn more about Uber Technologies:
brainly.com/question/18043330
#SPJ4
Cash flows from________ activities include both inflows and outflows of cash from the external funding of a business.
Cash flows from Operating activities include both inflows and outflows of cash from the external funding of a business.
The phrase "cash inflow" is used to describe the money that enters a company. It could come from borrowing, investments, or sales. Since a cash influx entails money entering a business, it is the reverse of a cash outflow. Focus is placed on a company's operating cash flows, which include cash inflows and outflows connected to its core business operations like the sale and purchase of inventory, the provision of services, and the payment of salaries.
The cash flow statement details cash inflows and outflows whereas the income statement details revenue and expenses. A cash flow statement shows liquidity whereas an income statement shows profitability. Cash inflows are a component of numerous sources of revenue. Normally, revenue is generated through the sale of cattle and crops.
To know more about external funds visit :
brainly.com/question/29217138
#SPJ4
which decision must be made by an inventory manager prior to implementing the periodic review system?
An inventory manager must specify the time between orders prior to implementing the periodic review system.
An expert who monitors a company's inventory levels is called an inventory manager. By comparing various suppliers, keeping track of daily deliveries, and assessing fresh shipments, they manage a crew that receives and records new merchandise as it is delivered or shipped out.
The duties of an inventory manager are:
creating strategies for improving inventory control processes.assessing the availability of raw materials and commercial supplies to spot shortagesensuring that product supply is sufficient for all distribution methods and can meet customer demand directlyLearn more about inventory manager here brainly.com/question/4310633
#SPJ4
Gloria runs a small cleaning supply company where she makes and manufactures all the products in a small shed in her backyard. Recently, her products had been selling like hotcakes until she was approached by a lawyer who informs her that in an effort to protect the rights of her customers, she needs to start labeling her cleaning products to show all ingredients. What movement is this legal advice in support of?
a. Social enterprise
b. Consumerism
c. Bribery
d. Fair pricing
in what markets, beyond eyewear, would warby parker business model work? if warby parker decides to expand beyond eyewear, which market do you think it will tackle next?
Beyond eyewear, Warby parker business model would work in their major target group consists of young, trendy, and enthusiastic millennials between the ages of 25 and 34.
This target group is socially active, online, overshares, and engages in numerous chats.
What is the business strategy of Warby Parker?
The goal of Warby Parker, a retailer of prescription eyewear and sunglasses, is to improve the customer experience through vertical integration. To do this, the company owns the optical laboratories where lenses are created as well as physical and online stores where customers can shop for a variety of products. He is able to offer higher-quality, better-looking prescription eyewear at a fraction of the going rate by avoiding traditional channels and interacting with customers directly.
To know more about Warby Parker, click here-brainly.com/question/22931666
#SPJ4
Why is it important to use strategies that enhance effective group interactions and communication?
Answer: Effective communication strategies in business can help organizations improve the overall productivity of the workforce, create a positive presence for the organization in the market and instil a sense of trust among employees.
for the u.s. economy, which of the following is the most important reason for the downward slope of the aggregate-demand curve? a. the exchange-rate effect b. the interest-rate effect c. the wealth effect d. the real-wage effect
For the u.s. economy, which of the following is the most important reason for the downward slope of the aggregate-demand curve the interest-rate effect.
Aggregate demand (AD) or domestic final demand (DFD) are terms used in macroeconomics to refer to the total demand for final products and services in an economy at a certain time. Effective demand is a frequent word for it, however occasionally this phrase is used to distinguish between two things. This is the demand for a nation's gross domestic product. It provides information on the quantity of goods and services that will be purchased at each price point. Investment, business and governmental spending, consumer spending, and net exports all contribute to the total demand. The aggregate demand curve is depicted by plotting the price level on the vertical axis and real production on the horizontal axis.
Learn more about demand from
brainly.com/question/13826664
#SPJ4
on the date of record, a cash dividend would be recorded with a credit to what account? cash cash dividends dividends payable no entry necessary
The correct response is d) no entry necessary. On the record date, will the cash dividend be recorded with a credit to the no entry account.
A cash dividend is a sum of money distributed on a regular basis to stockholders by a firm (as opposed to in stock or any other form) Cash dividends are frequently distributed on a regular schedule, like monthly or quarterly, but they can also be one-time payments, as after a settlement, on occasion. Dividends on common stock are calculated by multiplying the number of outstanding shares by the quarterly per-share payout. You may calculate the total cash dividends paid for the year by adding the four quarterly amounts together. Since dividends constitute a payout of a company's accumulated earnings, they are not seen as expenses. Because of this, dividends are never recorded as a cost on the income statement of an issuing corporation. Rather, dividends are viewed as a distribution of a company's stock. You must have the stock in your demat account on the record date of the dividend issue in order to be eligible for dividends. To ensure that the stocks are delivered to your demat account by the record date, you should have purchased the stock at least one day before the ex-date.
Learn more about cash dividend here
https://brainly.com/question/20374943
#SPJ4
avoiding, accepting, reducing and sharing are components of in enterprise risk management? multiple choice risk response risk assessment control activities communication and monitoring
avoiding, accepting, reducing and sharing are components of Risk response in enterprise risk management
Risk treatment is an essential part of an effective risk management plan. Planning here means how to respond to reported potential risks. Strategies for dealing with various risks, low or high, acceptable or unacceptable, are discussed.
Project Managers and Risk Officers are familiar with the four common risk response strategies (avoid, transfer, mitigate, accept) (for threats) and therefore have an appropriate strategy for responding to identified opportunities. It makes sense to build on these as a basis for developing
Management's reaction or action to the presence of risk. There are several approaches including: Avoidance - remove the conditions that allow the existence of the risk. Mitigation – Minimize the likelihood and/or likelihood of a risk occurring.
To know more about Risk response, visit:-
https://brainly.com/question/15353693
#SPJ4
what is the financing cash flow, given the following information? net income $ 550 depreciation $ 60 issuance of new stock $ 25 repayment of debt $ 30 sale of old equipment $ 45 purchase of new equipment $ 65 dividend payments $ 70 interest payments $ 100
Cash flow finance is a form of financing in which the loan to the company is covered by the company's expected cash flows. Cash flow is the amount of money coming in and out of a business over a period of time. Cash flow
Examples of common cash flow items arising from a company's financing activities are cash received from the issuance of shares or cash paid to repurchase shares. Receipt of cash from the issuance or repayment of bonds. Payment of cash dividends to shareholders.
Cash flow financing is a form of financing in which a loan to a company is backed by the company's expected cash flows. Cash flow is the amount of money coming in and out of a business over a period of time.
Financing is the process of providing funds for a business, purchase, or investment. Financial institutions such as banks provide capital to help businesses, consumers and investors achieve their goals.
Learn more about Cash flow finance here
https://brainly.com/question/27454259
#SPJ4
This is financial assistance from the government to encourage the production of or the purchase of a good is called?
This is financial assistance from the government to encourage the production of or the purchase of a good is called subsidy.
A subsidy is a benefit that is given to a person, business, or organization and is often offered by the government. Both options are acceptable. In order to advance a social good or economic policy, it is usually seen to be in the public's best interest to offer a subsidy. The objective of the subsidy is frequently to alleviate some form of suffering.
Subsidies often aid particular sectors of an economy. It may ease pressure on struggling industries by lowering expectations, or it may provide financial support to encourage new advances. These sectors usually don't get enough support from the general economy, and sometimes their efforts are even hindered by those of other economies.
To know more about Subsidy here
https://brainly.com/question/29817928
#SPJ4
What is the difference between retail banking and branch banking?
Meaning/Definition Branch banking is an extension of the services provided by the parent financial institution at a different location to establish a close connection with the clients.
Retail banking is a type of financial organization that provides people with basic banking services. Functionality Branch Banking provides the services that were previously handled by the parent company at its headquarters. The branch banks of them will provide the same service if the parent firm is an investment bank. Checking and savings accounts are created with the aid of retail banking that meets customer demands. It might aid in financing personal loans. Few things that retail banks can provide are credit cards and debit cards. Decision-Making Power Branch Banking's decision-making authority is constrained, and it frequently relies on the main office for decisions.
learn more about retail banking branch banking here:
https://brainly.com/question/29617029
#SPJ4
the following data were gathered to use in reconciling the bank account of savannah company: line item description amount balance per bank $16,750 balance per company records 16,125 bank service charges 80 deposit in transit 2,195 nsf check 950 outstanding checks 3,850 what is the adjusted balance on the bank reconciliation?
The adjusted balance on the bank reconciliation is 15,095.
A bank reconciliation statement compares an entity's bank account with its financial records by giving a summary of banking and business activity. The financial statement contains all transactions involving a bank account for a given time period, including deposits, withdrawals, and other activities.
Balance per bank = $ 16,750
Balance per company record = 16,125
Bank service charges = 80
Deposit in transit = 2195
NFS check = 950
Outstanding checks = 3850
Adjusted balance per company records = Balance per company records - NSF check - Bank service charges = 16,125 - 950 - 80 = 15,095.
To learn more about bank reconciliation
https://brainly.com/question/29097188
#SPJ4
in perfect competition, long-run equilibrium occurs when the economic profit is
A perfectly competitive market achieves long‐run equilibrium when all firms are earning zero economic profits and when the number of firms in the market is not changing.
Now, According to the question:
What Is Perfect Competition?
Perfect competition occurs when all companies sell identical products, market share does not influence price, companies are able to enter or exit without barriers, buyers have perfect or full information, and companies cannot determine prices.
In an environment where there is perfect competition, businesses never make a profit. Long-term accounting profits can be made by businesses, but economic profits are not possible. The perfect competition requires a big number of sellers or businesses, which is a fundamental requirement. Second, on the list of essentials for a perfect market is homogeneous commodities. Each company in the sector produces a single, uniform product.
Learn more about Perfect Competitive at:
https://brainly.com/question/18459447
#SPJ4
rina prepared a powerpoint presentation for potential customers in japan. they added colorful graphics in a yellow color scheme to impress their audience. they also included details that they knew specifically interested their clients. as planned, the presentation was not well received and they lost gained a valuable account. what should rina have done to improve her odds of winning this account? check all that apply. considered cultural preferences. prepared separate presentation for each client. sent the presentation ahead of time to better prepare the audience.
In order to reach potential consumers in Japan, Maria created a PowerPoint presentation. To impress their audience, they used vibrant graphics with a yellow color scheme.
What is PowerPoint?
In order to reach potential clients in Japan, Rina created a powerpoint . To wow their audience, they incorporated eye-catching graphics in a yellow color scheme. There are numerous design themes offered by PowerPoint. Discover how to use themes to add color and style to your presentations to give them a unique appearance. The most visible colors for slides are those with great contrast. Text on dark backgrounds should be light, and accent colors should be vivid. The way we see and interpret visual information is influenced by colors. They have the power to evoke emotion, establish the tone, create order, and highlight particular components. This means that picking the appropriate colors.
To learn more about PowerPoint from given link
brainly.com/question/17215825
#SPJ4
sheffield company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. on average, the number of days to sell inventory is approximately:
The number of days to sell the inventory of Sheffield company is 44 days. To understand this, the Inventory Turnover ratio must be calculated.
The inventory turnover ratio (ITR) is the number of times a company has sold and replenished its inventory over a specific amount of time. Given,
Inventory at beginning of the year = $145,000
Inventory at the end of the year = $131,000
Sales revenue (s)= $1,972,800
Cost of goods sold (CGS) =$1,145,400
Net Income = $248,400
Average Inventory = Beginning + Ending / 2
Average Inventory = 145,000+131000/2 = $138,000
Inventory Turnover ratio (ITR) = CGS ÷ Average inventory
ITR = 1145400 ÷ 138000 = 8.3 times
Sales of Inventory in days = (Average Inventory ÷ CGS)*365
Sale of inventory = (138,000÷1,145,400)*365
sale of inventory = 43.97 or 44 days.
Therefore we can conclude by saying that, the number of days to sell the inventory of Sheffield company is 44 days.
To know more about the Inventory Turnover ratio,
https://brainly.com/question/29024083
#SPJ4