Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
Answer:
Investment worth now = 3,726 dollars
Explanation:
This is simple question which can easily be understood with the help of following calculations.
Initial Investment = $ 3000 -A
Value increase by 20% = A*1.2 = 3600-B
Value dip by 10% = B*0.9 = 3240-C
Value increase by 15%= C*1.15 = 3726
In this way by applying rate to last determine value we can get current investment worth.
It gives you more ideas to make the final product better than what it original product
Answer: Account A
Explanation:
Account A would be best for James as it provides the most value for the things he would like to do.
- ATM charges are free with this account so he can use the ATM four times in the month at no charge
- He would pay no monthly fees as he uses direct debit
- He would pay an annual fee of $0
- And as online payments are free, he would not have to worry about getting charged for the 8 bills to process in the month.
Answer:
3
Explanation:
We are asked to use the midpoint formula.
Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.
Mathematically:
Price elasticity of demand according to midpoint formula is :
{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}
Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6
% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%
% change in quantity:
We first find the average = (12+4)/2 = 16/2 = 8
% change = (4-12)/8 * 100 = -100%
The elasticity of demand is thus -100/33.33 = 3
