Bernstein Inc Bernstein Inc is a local retailer. The following selected information is available from their 2011 and 2012 financial statements: Accounts receivable at 12/31/11 $ 160,000 Accounts receivable at 12/31/12 240,000 Inventory at 12/31/11 300,000 Inventory at 12/31/12 360,000 Net credit sales for 2012 3,400,000 Cost of goods sold for 2012 1,980,000 Net income for 2012 1,000,000 Refer to
the Bernstein Inc information above. What was Bernstein's number of days inventory was held before sale in 2012? (round to two decimal places)
A) 121.67 days
B) 60.83 days
C) 120.46 days
D) 240.13 days
B
You might also like to view...
What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
Comet Canisters, Inc. has collected the following data for the current year:
A) $130.14
B) $67.00
C) $101.82
D) $61.82
A(n) ________ is a charge of having committed a crime, usually a felony, based on the judgment of a grand jury.
A. arraignment B. information statement C. indictment D. plea
Tyson Construction Inc Use the information provided for Tyson Construction Inc to answer the following question(s) using the effective interest method. On January 2, 2012, Tyson Construction Inc issued $1,000,000, 10-year bonds for $1,135,915. The bonds pay interest on June 30 and December 31. The stated rate is 10% and the market rate is 8%. Refer to the information provided for Tyson
Construction Inc What is the carrying value of the bonds after the first interest payment is made on June 30, 2012? A) $1,135,915.00 B) $1,131,351.60 C) $1,140,478.40 D) $1,000,000.00
In supply chain management, ethical issues:
A) are particularly important because of the enormous opportunities for abuse. B) may be guided by company rules and codes of conduct. C) become more complex the more global is the supply chain. D) may be guided by the principles and standards of the Institute for Supply Management. E) All of the above are true.