Kopas Corporation has provided the following data: This YearLast YearAccounts receivable$89,000 $107,000 Inventory$160,000 $156,000 Sales on account$627,000 Cost of goods sold$488,000 The inventory turnover for this year is closest to:
A. 1.03
B. 3.09
C. 3.05
D. 0.98
Answer: B
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The Harpers (a black family) purchased a home with financing through Union Savings Association. During the first year, two of the Harpers' payment checks bounced but were immediately covered. Mr. Harper then lost his job and attempted to work out an
interim payment schedule with Union. Union refused and foreclosed on the property. An examination of Union's records revealed that it was the first time Union had refused an interim payment plan for a temporarily unemployed borrower. Harper filed suit, alleging Union had violated the Fair Housing Act. Union maintains the Fair Housing Act is applicable only to purchases of homes and loans, not foreclosures. What is the result?
Establishing what it is you want to communicate to stakeholders can include all of the following EXCEPT ________.
a. marketplace content. b. competitor content. c. workplace content. d. environment content.
Changes in hardware, software, documentation, or production to a production system to correct errors, meet new requirements, or improve processing efficiencies are termed
A) compliance. B) production. C) maintenance. D) acceptance. E) implementation.
Prepare general journal entries on December 31 to record the following unrelated year-end adjustments. a. Estimated depreciation on equipment for the year, $4,500.b. The Prepaid Insurance account has a $3,680 debit balance before adjustment. An examination of insurance policies shows $600 of insurance expired.c. The Prepaid Insurance account has a $2,400 debit balance before adjustment. An examination of insurance policies shows $950 of unexpired insurance.d. The company has three office employees who each earn $100 per day for a five-day workweek that ends on Friday. The employees were paid on Friday, December 26, and have worked full days on Monday, Tuesday, and Wednesday, December 29, 30, and 31.e. On November 1, the company received 6 months' rent in advance from a tenant whose rent
is $700 per month. The $4,200 was credited to the Unearned Rent account.f. The company collects rent monthly from its tenants. One tenant whose rent is $1,000 per month has not paid his rent for December. What will be an ideal response?