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3 years ago

Caruso, inc. has an inventory turnover rate of 8 times. if its cost of goods sold is $150,000, then

1 answer:

5 0

Inventory turnover rate = 8 times
Cost of goods sold = $150,000
Then the average inventory of company is $18,750.
This is how we calculate this;
Cost of goods sold / inventory turnover rate =
$150,000 / 8 = $18,750.

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What are some basic marketing strategies

jeyben [28]

Claim Your Business Online.

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3 years ago

Which of the following serve as intermediaries channeling the savings of individuals, businesses and governments into loans and

finlep [7]

Answer: Financial institutions

Explanation: Financial institutions, sometimes referred to as banking institutions works as a intermediary in financial markets. These institutions offers deposit facilities to general public in exchange of interest on such deposits. Then these institutions lend the deposited amounts to those in need for investments and funds and charge interest to them.

Thus, we can conclude that option A is correct.

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4 years ago

Vital Silence Corp. has just issued a 30-year callable, convertible bond with a coupon rate of 6.4 percent and annual coupon pay

Aleks04 [339]

Answer:

a. $880.74

b. 13 years

Explanation:

a. Conversion ratio = Current Value of bond / Conversion price = 1,000 / 93.4 = 10.71

Conversion price of bond = 10.71 × 28.60 = $306.31

Coupon = Par value of bond * Coupon rate = $1,000 * 6.4% = $64

Present value of straight debt is calculated below:

Present Value = $64 × [1-(1+7.4%)^-30 / 7.4%] + [$1,000 / (1+7.4%)^30]

= $64*11.93 + $117.46

= $763.28 + $117.46

= $880.74 .

Therefore, the minimum value of bond is $880.74

b. Conversion ratio = 10.71

Current stock price = $28.6

Suppose number of year the stock will take to reach above $1,140 is t.

Conversion value = Current stock price * Conversion ratio*(1+10.8%)^t

$1,140 = $28.6 * 10.71 * (1.108)^t

(1.108)^t = 3.7218

t = 12.8145 year.

t = 13 years

8 0

3 years ago

The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government

kobusy [5.1K]

Answer:

Explanation:

The website that was the primary catalyst for growing electronic government, and is the official U.S. gateway to all government information is the firstGov.gov. The website is now the USA.gov

The firstgov.gov website was created by the United States General Services Administration. Part of the reason for its creation is to improve the citizens interaction with the government. The website directs visitors to the services or information they are looking for, it also seems public opinion on how to improve government.

5 0

3 years ago

A company like Golf USA that sells golf-related inventory typically will have inventory items such as golf clothing and golf equ

yarga [219]

Answer:

ending inventory before adjustment: 12,875

Explanation:

The ending inventory before adjustment will be at cost.

The company at year-end will adjust for the difference the cost and the lower-or-cost rule:

COST NRV

Shirts 30 units $ 55 $ 65

MegaDriver 10 units $ 310 $ 225

MegaDriver II 25 units $ 325 $ 370

<em><u>Inventory before adjustment:</u></em>

30 *25 + 10 * 310 + 25*325 =

1650 + 3100 + 8125 = 12,875

5 0

3 years ago