Answer:
Year 2014 Year 2013
a) Inventory Turnover ratio 3.4 times and 3.1 times
b) Number of days' sales in inventory 107.3 days and 117.7 days
Explanation:
As per the data given in the question,
As we know that
Inventory turnover ratio = Cost of goods sold ÷ Average inventory
where,
Average inventory
= (Beginning inventory + ending inventory) ÷ 2
For Year 20Y4 :
Average inventory = ($359,160 + $516,840 ) ÷2
= $438,000
And, the cost of goods sold is $1,489,200
So,
Inventory Turnover ratio
= $1,489,200 ÷ $438,000
= 3.4 times
For Year 20Y3 :
Average inventory = ($251,120 + $359,160) ÷ 2
= $305,140
And, the cost of goods sold is $945,934
So,
Inventory Turnover ratio
= $945,934 ÷ $305,140
= 3.1 times
Now
Number of days' sales in inventory = Number of days in a year ÷ Inventory Turnover ratio
For 20Y4
= 365 days ÷ 3.4
= 107.3 days
For 20Y3
= 365 days ÷ 3.1
= 117.7 days
Basically we applied the above formulas
Answer:
$15,000
Explanation:
Value of a perpetuality = cash flow / r
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
4 + 0 (10 - 4) = 4
1,000/ 0.04 = 25,000
4 + 1 (10 - 4) = 10
1000 / 0.1 = 10,000
25,000 - 10,000 = 15,000
Under the basic dwelling form, when is damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.
<h3>
What is dwelling policy ?</h3>
A dwelling policy is a substitute to a homeowners insurance. Dwelling insurance can cover more than just fire only. It is the part of homeowners insurance policy that helps pay for the rebuilding, repair of physical structure of one's home if the damage is by covered hazard. But Dwelling policy isn't for all, so it can be beneficial for: Vacation homes, Vacant homes, Rental properties, Older homes, and Seasonal homes.
The damage caused by vandalism is covered under the basic DP-1 form when a Premium for Extended Coverage is mentioned in the Declarations. perils such as Vandalism, Hail or Windstorm, Explosion, Riots, Smoke, Vehicles, and Volcanic Eruption can be included.
Therefore Under the basic dwelling form, Damage caused by vandalism included as covered peril when a premium for extended coverage is mentioned in the declaration.
Learn more about Dwelling policy here:
brainly.com/question/14319237
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<span>$65,472.34
The formula for compound interest is:
A = P(1+r/n)^(nt)
where
A = Future amount
P = Principle
r = annual interest rate
n = number of periods per year
t = number of years
So let's substitute the known values and calculate:
A = P(1+r/n)^(nt)
A = 46000(1+0.04/1)^(1*9)
A = 46000(1+0.04)^9
A = 46000(1.04)^9
A = 46000(1.423311812)
A = 65472.34
So $65,472.34 needs to be paid back after 9 years.</span>
B. Car payments must become part of the budget.
