Second Chance Gaming has to restock a popular electronic game every2.5 days as it completely sells out in that period of time. What is theinventory turnover rate for this game? Multiple ChoiceOOO115 times105 times99 times118 times

Inventory turnover-It is an indicator that shows how inventory changes over a given period of time…

Answered: Second Chance Gaming has to restock a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Bill Norman comes to you for advice. He just purchased a large amount of inventory with the terms 2/10, n/30. The amount of the invoice is $310,000. He is currently short of cash nut has a decent credit. He can borrow te money from needed to settle the account payable at an annual interest rate of 7 %. Bill is sure he will have the necessary cash by the due date of the invoice but not by the last day of the discount period. a. Convert the dscount rate into an annual interest rate (Use 365 days a year. Do not round intermediate calculations. Round you answer to 2 decimal places.). b. Make a recommendation regarding whether Bill should borrow the money and pay off the account payable within the discount period.
10. Game Land is an online video game retailer that sells video games at discounted prices. Because the store is strictly online, it is important that they have all inventory accounted for and up-to-date inventory totals published on their website. Which inventory system is the best choice for Game Land to invest in? Ovideo inventory system Operiodic inventory system Operpetual inventory system continuous inventory system
Please see below. I need help making a made up purchase schedule of inventory. Please include parts listed below. Note that these can be made up one but they need to make sense.
Every day, businesses have to make decisions that affect their bottom line. One such decision pertains to valuing inventory. Imagine that you have decided to open a new electronics store. As one of your first tasks, your accountant has asked you to adopt an inventory cost assumption for inventory valuation. Explain which method you would adopt and why.
A guy is wondering which account he should invest in Account A- earns an APR of 4% of compunded monthly Account B- intrest is compunded daily, and the effective annual rate is 4%(APR is unknown) In Account B the 4% is an effective annual rate does this mean Account B is better if money is left in there for one year? If the money is left in there for 1 or more year does it make a diffrence?
A store charges 2% per month to its customers.find the effective annual rate.
A computer lists for $ 600. 1. Find the trade discount if a discount rate of $ 10 is offered. 2. Find the net price. 3. Find the net price rate. 4. Use the net price rate to recalculate the net price.
On April5, a customer returns 20 bicycles witha sales price of $250 per bike to Barrio Bikes. Each bike cost Barrio Bikes $100. The customer had yet to pay on their account . The bikes are in sellable condition. Prepare the journal entry or entries to recognize this return if the company uses A. the perpetual inventory system B. the periodic inventory system
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Second Chance Gaming has to restock a popular electronic game every 2.5 days as it completely sells out in that period of time. What is the inventory turnover rate for this game?