Solved

Dana Produces Fine Chocolates for Her Retail Shop Which Is

Question 86

Essay

Dana produces fine chocolates for her retail shop which is open 6 days a week.The sales are $156,000 annually with a cost of goods sold of 45% of sales and inventory of 5%.Calculate the days in inventory and indicate any concerns for the shop considering the national average is 15 days.

Correct Answer:

verifed

Verified

If sales = $156,000 ,then COGS = $70,200...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents