Answer:
a.
i. 4.7 times
ii. 77.1 days
b
i. 7 times
ii. 52.1 days
Explanation:
Inventory turnover = cost of goods sold / average inventory
average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125
Inventory turnover $426,650 / $90,125 = 4.7 times
Days' sales in inventory = 365 / inventory turnover = 77.1 days
for 2017
inventory turnover = cost of goods sold / average inventory
average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575
Inventory turnover $643,825 / $92,575 = 7.0 times
Days' sales in inventory = 365 / inventory turnover = 52.1 days
Answer:
D
Explanation:
They are linked to a checking or savings account.
C. Student Loan
A scholarship is a discount, work study is a job that helps pay for your tuition, and financial aid is something that helps pay for your tuition. So student loan is really the only one that makes sense.
Construction worker, retail employee and baseball player no, because they have to be involved in physical activities during their schedule.
your answer is C - office worker. His activity involves sitting on a chair and works at his desk on a computer for example.
<span>With the data given in the question, break-even point in units is as follows:
13.41 - 2.27 - 1.09 - .13 = 9.92 Gross profit per cake sold. All we did was take the selling price of each unit and subtract all variable costs from the sale price to get the gross profit per cake. Next we divide fixed costs per month by gross profit per cake to know how many units must be sold to break even. As follows:
3372.80 / 9.92 = 340.
Any units sold after the 340th unit will be beyond break even so the break even point in units is 340.
Break even point in sales dollars simply the unit break even number multiplied by the retail price per cake which is as follows:
340 * 13.41 = 4,559.4
So break even point in sales dollars is $4,559.40.</span>
