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Aliun [14]
3 years ago
11

The cost of goods sold for mcpherson fashions is $360,000. the beginning inventory for the firm was $20,000. twelve months later

the ending inventory was $40,000. what is the firm's inventory turnover?
Business
1 answer:
kiruha [24]3 years ago
3 0
Inventory turnover = Cost of goods sold / Average Inventory

Average Inventory = (Beginning Inventory + Ending Inventory) / 2
                              = ($20,000 + $40,000) / 2
                              = $30,000

Inventory turnover = $360,000 / $30,000
                              = 12 times.
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Pavel [41]

Answer:

9.69%

Explanation:

Given the following :

Net income = $4819

Total asset = $38,200

Taxable income = $6,100

Dividend payout ratio = 30% = 0.3

The internal growth rate is calculated thus ;

(Return on asset × Retention ratio)/[1-(Return on asset × Retention ratio)]

Return on asset = (Net income / total asset)

Return on asset = ($4,819 / $38,200)

Return on asset = 0.12615

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 0.3 = 0.7

Hence internal growth rate :

(0.12615 × 0.7) / 1 - (0.12615 × 0.7)

0.088305 / 1 - 0.088305

0.088305 / 0.911695

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= 0.0968580 × 100%

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= 9.69% ( 2 decimal places)

6 0
2 years ago
Given the following owner’s income and expense estimates for an apartment property, formulate a reconstructed operat-ing stateme
scoundrel [369]

Answer:

$363,000

Explanation:

Calculation for the property’s indicate market value.

First step

Operating Statement

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(10 units x $550 x 12 month )

Less: Vacancy Loss(3,300)

(5%*66,000)

EGI:62,700

Less: Operating Expenses

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Heat1,700

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Maintenance4,800

Management3,000

Reserve for CAPX2,800

Total Operating Expenses$22,800

Net Operating Income$39,900

(62,700-22,800)

Second step is to find the property’s indicate market value.

Using this formula

Market Value=NOI/ Ro

Let plug in the formula

Market Value=$39,900/11.0%

Market Value=$363,000

Therefore the property’s indicate market value is

$363,000

6 0
3 years ago
According to AAA the average monthly maintenance cost on a used car is $75 per month. You are looking to pay cash for the exact
Colt1911 [192]

Answer:

Dealer "B"  at $5,595.00

Explanation:

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The cost from dealer B is $5,595.

Dealer B has the better deal as they are cheaper by $300

( $5,895- $5,595)

5 0
2 years ago
Which of the following statements is CORRECT? If Disney issues additional shares of common stock through an investment banker, t
nata0808 [166]

Answer:

The answer is: As they are generally defined, money market transactions involve debt securities with maturities of less than one year.

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8 0
3 years ago
Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol
Rom4ik [11]

Answer:

Net operating income= 88,000

Explanation:

Giving the following information:

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Fixed costs= $10,000

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<u>We need to calculate the net operating income:</u>

Sales= 20*7,000= 140,000

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Contribution margin= 98,000

Fixed costs= (10,000)

Net operating income= 88,000

7 0
3 years ago
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