Current attempt in progress suppose at december 31 of a recent year, the following information (in thousands) was available for sunglasses manufacturer oakley inc.: ending inventory $172,000; beginning inventory $125,000; cost of goods sold $395,010 and sales revenue $768,000. incorrect answer iconyour answer is incorrect. calculate the inventory turnover for oakley, inc. (round inventory turnover to 2 decimal places, e. g. 5.12.) inventory turnover enter inventory turnover ratio rounded to 2 decimal places 1.88 times etextbook and media list of accounts incorrect answer iconyour answer is incorrect. calculate the days in inventory for oakley, inc. (round days in inventory to 0 decimal places, e. g. 125.) days in inventory enter days in inventory rounded to the nearest whole 100 days

Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)