Answer:
2.08 times
Explanation:
The computation of the inventory turnover ratio is shown below:
Inventory turnover ratio would be
= Cost of goods sold ÷ average inventory
where,
Cost of goods sold = Sales × cost of goods sold percentage
= $792,590 × 77%
= $610,294.30
As we know that
Cost of goods sold = Sales - gross profit
= 100 - 0.23
= 0.77
We assume the sales to be 100
So, the ratio would be
= $610,294.30 ÷ $293,110
= 2.08 times
Answer:
The answer is C.
Explanation:
Assets of a company or firm is the addition of both liabilities and shareholders' equity.
The capital structure of a company mostly comprises debt and equity i.e it is either financed by debt (short-term and long-term debt) and equity (contribution from its owners).
Option A is not correct. That term is for shareholders' equity and not for asset.
Option B is not correct because either asset or liability can be lower or higher.
Answer:
It is convenient for Jenna to buy her computer when the price is more elastic and the Offer of the good is large, because the greater the supply of a good, the lower the price and with the elastic demand. It means that the price varies in proportion to the the demand and supply of the good would have the price of convenience that the computer should buy.
The order of Jenna's computer is as follows:
* Jenna's work computer broke down and she needs a new one or else she can't work.
It is inelastic in this regard because Jenna needs the computer immediately and will not expect a variation in market prices.
* Jenna uses her computer recreationally and wants to be able to listen to music with her friends in two days when they visit her.
The purchase of the computer can wait two days, since although you need it to spend time with your friends, it is not extremely necessary.
* Jenna's computer works fine, but she wants to buy a newer model.
The purchase of the computer can wait therefore the demand becomes more elastic
Answer:
The correct answer is option d.
Explanation:
Absolute advantage refers to the situation when a firm can produce more of a commodity at the same cost, or same level of commodity at a lower cost.
Morocco can produce 25 metric tons of grain and 75 metric tons of date.
While France can produce 20 metric tons of grain and 10 metric tons of date.
We see that Morocco can produce more of both the commodities so it has an absolute advantage in production of both grain and dates.
Comparative advantage refers to the situation when a country is able to produce a commodity at a lower opportunity cost.
The opportunity cost of producing a metric ton of dates for Morocco is
=
=
= 0.2
The opportunity cost of producing a metric ton of dates for France is
=
=
= 2
Morocco has a lower opportunity cost in producing dates so we can say that it has comparative advantage in producing dates.
The opportunity cost of producing a metric ton of grain for Morocco is
=
=
= 5
The opportunity cost of producing a metric ton of grain for France is
=
=
= 0.5
France has a lower opportunity cost in producing grains so we can say that it has comparative advantage in producing grains.
Answer:
The reward in this strategy will depend on the international price at which the Yen is placed in the purchase and sale periods.
Example:
If in July it enters into a contract to buy the 10 million Japanese Yen on January 1, 2018. At a price of 100 Yen per dollar.
Then in September the Yen does not cost 100 per dollar but it costs 108 Yen per dollar. Then I sell what I received in the first contract at a more expensive price and I will get a profit by exchange rate.