The ________ is a measure of how many times a company sells its inventory in a period.
What will be an ideal response?
inventory turnover
You might also like to view...
Two of the main factors in determining the price at which bonds will sell are
a. the contract rate and the coupon rate. b. the contract rate and the stated rate. c. the market rate and the discount rate. d. the stated rate and the market rate.
Scanner-delivered coupons encourage:
A) brand switching B) repeat purchases C) trial purchases D) brand loyalty
A pool cleaning service signs a contract with a new customer on May 1 . The pool is vacuumed and "shocked" for the customer on June 1, and the bill for the services is paid on July 1 . Under the accrual basis, the business should recognize revenue on:
a. December 31 b. July 1 c. June 1 d. May 1
Which of the following is true of the gross profit percentage?
A) Gross profit percentage is the same for companies in all industries. B) Gross profit percentage is used to measure the solvency of a company. C) The gross profit percentage is one of the most carefully watched measures of profitability. D) A service company must show its gross profit percentage in its income statement.