Answer:
Pronghorn Inc.
Inventory Turnover = 7 times
Days in inventory = 52.14 days
Gross profit rate = 47.86%
Explanation:
a) Data and Calculations:
Beginning inventory $10,620
Ending inventory 13,430
Average inventory = $12,025 ($10,620 + $13,430)/2
Cost of goods sold 84,175
Sales 146,100
Gross profit = $69,925 ($146,100 - $84,175)
Inventory Turnover = Cost of Goods Sold/Average Inventory
= $84,175/$12,025
= 7 times
Days in inventory = 365/7 = 52.14 days
Gross profit rate = Gross profit/Sales * 100
= $69,925/$146,100 * 100
= 47.86%
Answer:
D. 8.000 Bedford Lamps and 2.500 Lowell Lamps
Explanation:
The computation of the optimum operating income is shown below:
Particulars Bedford Lamp Lowell Lamp
Sales price $30 $35
Less: Variable costs $18 $ 23
Contribution $12 $12
Machine hours 2 4
Contribution per machine hour 6 3
(Bedford = 12 ÷ 2, Lowell = 12 ÷ 4)
As we can see that the contribution margin per hour of Bedford Lamp is more than that of Lowell lamp so the production of Bedford Lamp should produced first and then Lowell Lamp.
And, required hours to make 8,000 units of bedford lamp is
= 8,000 × 2
= 16.000 hours
Now Balance Hours is
= 260,00 - 16,000
= 10,000 hours
Lowell lamp that can be made from 10000 hours is
= 10,000 ÷ 4
= 2,500 Lowel Lamps
Answer: The correct answer is "B) Trade can make everyone better off.".
Explanation: <u>The principle that says that Commerce can make everyone better is the one that best describes this scenario.</u>
This happens because each state in question will specialize in what is most efficient. At the same time, the rest of the products in which they are most inefficient in terms of production will be imported.
Considering the market analysis, the Primary demand is a desire for the <u>product class</u> rather than for a <u>specific brand</u>; it is often the focus of marketing when there are few competitors with the same product.
<h3>What is Product Class?</h3>
Product class is a term used to describe products or commodities that are homogeneous or deemed as substitutes for each other.
On the other hand, a Specific brand is a product with unique features that makes it different and known compared to other products.
Hence, in this case, it is concluded that the correct answer is option C. "product class; specific brand."
Learn more about the Product class here: brainly.com/question/24445329
Answer:
D. discount rate.
Explanation:
- There are two different definitions for the discount rate. It refers to commercial banks and other institutions for loans taken from the Federal Reserve Bank through the discount window loan process.
- Another definition of interest rate discount is the one used in discounted cash flow analysis to determine the present value of future cash flows.
so correct option is D. discount rate.