Explanation:
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Answer:
a. Short-run economic profit: $ 40,000 per lease.
Long-run economic profit: $ 0 per lease.
b. Landowners would gain $40,000 per plot each year due to higher rent for land
Explanation:
The short-run economic profit for a cotton farmer is:
Economic profit = Total revenue - Explicit costs - Implicit costs = $60,000 - $14,000 - $6,000 = $40,000 per lease.
Landowners would reap the long-term benefits of the scheme. Their income would rise by $40,000 per year per 120-acre plot because rent would rise from $10,000 to $50,000.
Answer:
1. The name of Walmart’s CEO and President is Doug McMillon.
2. For the fiscal 2018 the company generated $28.3 billion as operating cash flow.
3. The amount of provisional benefit recorded by Walmart as a result of tax reform was $207 million. This amount was for both the full quarter and full year.
4. For fiscal 2018 the company had employed 2.3 million associates across the world.
5. Gross margin = gross margin/net sales.
Gross margin = net sales – cost of goods sold.
Gross margin % for Q418:
Net sales (excluding membership and other income) 135,150.00
less: cost of sales -102,640.00
Gross margin 32,510.00
Gross margin % (gross margin/net sales) 24.05
Answer:
1. Accounts Receivables Turnover Ratio = Net Credit Sales/Average Accounts Receivables = 400,000 / (51000 + 61000)/2
= 400,000/56,000
= 7.1 times
Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory = (Sales-Gross Profit)/Average Inventory = (400,000 - 35% * 400,000) / (67000 + 46000)/2
=400,000 - 140,000 / 56,500
= 260,000 / 56,500
= 4.6 times
2. Average Days to Collect Receivables = 365/7.1 = 51.40 or 52 days
Average Days to Collect Inventory = 365/4.6 = 79.34 days