The 2016 financial statement of willamette valley vineyards reported net revenues of $19,425,412 and cost of goods sold of $7,204,884. note 3 to the financial statements reported that inventories consisted of:

2016

2015

winemaking and packaging materials

$ 817,836

$ 690,292

work-in-progress

6,634,014

6,058,701

finished goods

4,518,806

3,883,469

total inventories

$11,970,656

$10,632,462

the inventory turnover for 2016 was:

select one:

a. 0.57

b. 0.64

c. 0.59

d. 1.71

e. none of the above

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Joint cost cheyenne, inc. produces three products from a common input. the joint costs for a typical quarter follow: direct materials $45,000 direct labor 55,000 overhead 60,000 the revenues from each product are as follows: product a $75,000 product b 80,000 product c 30,000 management is considering processing product a beyond the split-off point, which would increase the sales value of product a to $116,000. however, to process product a further means that the company must rent some special equipment costing $17,500 per quarter. additional materials and labor also needed would cost $12,650 per quarter. a. what is the gross profit currently being earned by the three products for one quarter? $answer b. what is the effect on quarterly profits if the company decides to process product a further? $answer