Beverly Corp had total sales of $1,200,000 in 2010 (80 percent of its sales are credit). The company's gross profit
margin is 25 percent, its ending inventory is $150,000, and its accounts receivable balance is $90,000.
What
additional amount of cash could the firm have generated if it had increased its inventory turnover ratio to 9.0
and reduced its average collection period to 28.21875 days?
Currently, cost of goods sold is $900,000 and inventory turnover is 6. To increase inventory turnover to 9, the inventory
balance would need to decrease to $100,000, or a decrease of $50,000, resulting in additional cash of $50,000.
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a. Introductory Paragraph: No; Scope Paragraph: No; Opinion Paragraph: Yes. b. Introductory Paragraph: No; Scope Paragraph: Yes; Opinion Paragraph: Yes. c. Introductory Paragraph: Yes; Scope Paragraph: Yes; Opinion Paragraph: Yes. d. Introductory Paragraph: Yes; Scope Paragraph: Yes; Opinion Paragraph: No.
Choose the correct word in parentheses. Cody and Jason (is, are) the captains of the cross-country team
Businesses that fail to comply with the ADA can face civil penalties up to what amount for the first violation?
a. $100,000 b. $1,000,000 c. $25,000 d. $50,000 e. unlimited
In the following sentences, underline any errors in verbs. Write correct forms in the spaces provided. Be careful that you don’t change the verb tenses. Write C if the sentence is correct.
1. Blogs have became an effective marketing tool for many organizations. 2. Christopher brang his lunch to work on Friday, but he didn’t eat it. 3. After the company had rang up many losses, it filed for bankruptcy. 4. I had already ate most of my lunch when my friend arrived. 5. Luke said he seen very low prices for knockoffs of many Apple devices.