Answer:
a. The inventory turnover is 8.00 times
b. The days’ sales in inventory is 68 days
Explanation:
a. In order to calculate the inventory turnover we would have to use the following formula:
inventory turnover=cost of goods sold/average inventory
inventory turnover=$ 48,800/($3,100+$ 9,100)/2
inventory turnover=8.00 times
b. In order to calculate thedays’ sales in inventory we would have to use the following formula:
days’ sales in inventory=(Ending invenory/cost of goods sold)*365
days’ sales in inventory=($9,100/$48,800)*365
days’ sales in inventory=68 days
no its false because thats why its effective it wont always be guaranteed.
Answer:
Tom should take loan option B, the loan with compound interest. Normally, loans with compound interest will result in more interest being paid. In this case, Tom needs to pay close attention to the interest rates that apply. Because the simple interest loan has a rate that is so much higher, it would be wise to choose the compound interest loan.
<span>Achieving legal right to own property, earn wages, access education, and vote were the goals of the convention in Seneca Falls.
The convention took place in 1848, and it was a landmark event for women and their rights to vote, have proper education, be paid to work, and have their own property. Elizabeth Cady Stanton wrote her Declaration of Sentiments, where she proposed what women wanted to gain here.</span>
