The stockturn rate is the number of times the average inventory must turn over to make a profit in a given year.
Answer the following statement true (T) or false (F)
False
Stockturn rate is the number of times the average inventory is sold in a year.
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See the data for Lynx Corp If Lynx Corp uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debt expense for 2016?
a. $12,700 b. $13,700 c. $14,000 d. $15,300
Disruptive innovation differs from discontinuous innovation in that disruptive innovation ________
A) refers to a major shift from an old technology B) usually offers new customer benefits C) refers to change along the technology innovation curve D) refers to the development of technology and improved products for a given product market E) allows for the development of products that are more expensive
Which of the following describes working capital?
A) Current assets minus merchandise inventory B) Current assets minus current liabilities C) Total debt minus stockholders' equity D) Cost of goods sold divided by average merchandise inventory
Negotiation is often a ______ game in which one party’s gain is the other party’s loss.
A. win-win B. zero-sum C. lose-lose D. fair