Answer: 12
Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-
= ![\frac{cost\of\goods\sold}{average\inventory}](https://tex.z-dn.net/?f=%5Cfrac%7Bcost%5Cof%5Cgoods%5Csold%7D%7Baverage%5Cinventory%7D)
where,
cost of goods sold = beginning inventory + net purchase - ending inventory
= $50,000 + $460,000 - $30,000
= $ 480,000
average inventory = ![\frac{beginning\invetory+closing\inventory}{2}](https://tex.z-dn.net/?f=%5Cfrac%7Bbeginning%5Cinvetory%2Bclosing%5Cinventory%7D%7B2%7D)
=![\frac{50000+30000}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B50000%2B30000%7D%7B2%7D)
= $40,000
so,
inventory turnover ratio = ![\frac{480000}{40000}](https://tex.z-dn.net/?f=%5Cfrac%7B480000%7D%7B40000%7D)
= 12
Answer:
$3,283
Explanation:
Calculation for the overhead cost be added to Job W at year-end
Using this formula
Overhead cost =(Overhead cost / Direct Labor) *Job W Direct Labor
Overhead cost=($6,365 / $9,500) *$4,900
Overhead cost=0.67*$4,900
Overhead cost=$3,283
Therefore the overhead cost be added to Job W at year-end is $3,283
Answer:
$32,160.00
Explanation:
Each of the expenses would be allocated as follows:
Advertising expense = (300,000/1,000,000) × 30,00 =9,000
Rent ( 3400/10,000 24000) × 24,000 = 8,160
Administrative expenses (8/24 × 45,000) = 15,000
Total expense allocated to Department B
= 9000+ 8160 + 15000
= $32,160.00
Answer:
D) a rise in price
Explanation:
At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.
A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.
A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.
Answer:
IT helps society and determines how people interact with each other on a daily basisIt enables you to identify problems quicker and easier and helps you better analyze a complex problem. Technology students are especially encouraged to be innovative and to want to improve a current situation by encountering and solving problems, in an advanced way.
Explanation:
IT means Information Technology
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