Answer:
D) 44
Explanation:
first we must calculate inventory turnover:
Average inventory = ($6,540 + $7,250) / 2 = $6,895
Inventory turnover = $56,900 / $6,895 = 8.25
days' sales of inventory = 365 / 8.25 = 44.2 ≈ 44
Days' sales of inventory is the average number of days that it should take to sell the inventory.
Answer:
$382,000
Explanation:
Calculation to Determine the pension asset/liability at December 31, 2017
Using this formula
Pension asset/liability =Projected benefit obligation - Plan assets
Let plug in the formula
Pension asset/liability=$819,000 - $437,000
Pension asset/liability=$382,000
Therefore the Pension asset/liability at December 31, 2017 will be $382,000
The letter of transmittal and the statistical section are classified as Comprehensive Annual Financial Report (CAFR).
These are not included in the basic financial statement and required supplementary schedule.
CAFR comprises the financial report of any state, municipality or government entity.
Answer:
The bond's yield to maturity is greater than its coupon rate.
Explanation:
At a discount, the price of the bond is less than its face value, from bond theory principles, this is likely to happen when YTM is more than the coupon rate of the bond. Due to this the present value of the coupons and their face value are going to be lower than 1000 since YTM is greater.
The coupon rate is given as annual interest divided by face value
While
The yield is interest/ current price.
The answer to the question is therefore
The bond's yield to maturity is greater than its coupon rate.
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