The following information was available for the year ended december 31, 2019: net sales $ 766,500 cost of goods sold 591,300 average accounts receivable for the year 37,850 accounts receivable at year-end 31,500 average inventory for the year 154,000 inventory at year-end 157,150 required: calculate the inventory turnover for 2019. (round your answer to 2 decimal places.) calculate the number of days' sales in inventory for 2019, using year-end inventories. (use 365 days a year. round your answer to 1 decimal place.) calculate the accounts receivable turnover for 2019. (round your answer to 1 decimal place.) calculate the number of days' sales in accounts receivable for 2019, using year-end accounts receivable. (use 365 days a year. round your answer to 1 decimal place.)

Jodi is trying to save money for a down payment on a house. she invests $6,000 into an account paying 5.5% simple interest. for how long must she save if she needs $7,300 for the down payment? a. 2 years b. 3 years c. 4 years d. 5 years

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled: