Stacion6566 Stacion6566

21-12-2020
Business

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What amount of average stock should be carried by a costume jewelry department with net sales of $920,000 for the year and a stock turn of 4.0?

Respuesta :

topeadeniran2 topeadeniran2

22-12-2020

Answer: $230,000

Explanation:

The average stock that should be carried by a costume jewelry department will be calculated by dividing the net sales by the turnover. This will be:

= Net sales / Turnover

= $920,000 / 4.0

= $230,000

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