Answer:
B. False
Explanation:
In a sealed bidding, bidders have no opportunity to discuss/negotiate. They just present an offer adjusted to the terms of the requirer of the good or service that is submitted to bidding.
Answer:
$61,390
Explanation:
Calculation to determine What does Engler record as the cost of the new truck
Using this formula
Cost of new truck=Purchase price+Sales tax, painting +Logo on the side of the truck +Safety testing +Tune up and oil change
Let plug in the formula
Cost of new truck=$55,000 + $4,000 + $1,600 + $290 +$500
Cost of new truck= $61,390
Therefore what Engler will record as the cost of the new truck is $61,390
<span>Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. It involves inflation
rising as real gross domestic product rises and unemployment falls, as
the economy moves along the Phillips curve. This is commonly described
as "too much money chasing too few goods".</span>
Answer:
11.68 years
Explanation:
For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:
Given that,
Present value = $11,000
Future value = $19,000
Rate of interest = 6.5%
PMT = $0
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 8.68
Now after 3 years, it would be
= 8.68 + 3
= 11.68 years
Answer:
2016 2015 2014 2013
gross profit% 26.29% 22.58% 22.45% 22.41%
Inventory turnover 6.58 7.64 7.6 7.94
cost of material % 59.89% 51.76% 89.82% 51.10
b. gross% has increased this may be due to a high demand, and intense marketing.
inventory turnover has decreased this may be due to new competition, or introduced product(new product)
cost of material purchased % it has increased in 2016, this may be due to increased production and effective use of material.
Explanation:
gross profit % =gross profit/ sales
gross profit = sales less cost of sales
inventory turnover = cost of sales / average inventory
average inventory = (opening inventory + closing inventory )/2
cost of material purchased/ cost of finished goods
finished goods = cost of sales + closing - opening goods
