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:
Since Will is getting the custody of their two children, he can claim them as dependents and deduct exemptions when he files his taxes.
- child tax credit ($2,000 per child under 18)
- child and dependent tax credit (up to $3,000 per child under 13 and $500 for dependent over 13)
- American opportunity education credit (up to $2,500 per child that studies x 4 years maximum)
Alimony can no longer be deducted from Janine's AGI, nor it should be included in Will's AGI.
Property distributions (cars and house) will not have any effect in their taxes, but if they sell them, their basis will be the value at the time of divorce.
Answer: B. Hold
Explanation: the Oakland A's baseball team has a very low payroll budget which means the team received low income as pay. So Beane the general manager created a successful "hold strategy" to retain talents created in the team. It is a good business management strategy to keep your best guys, but with low pay you can not keep them for long.
