Answer:
Inventory TO 9
Gross profit percentage: 55%
Explanation:
Inventory Turnover
where:
COGS 17,100
beginning: 1,800
ending: 2,000
Average Inventory: 1900
Inventory TO 9
Gross profit percentage:
Gross profit percentage: 0.55 = 55%
Answer:
Not satisfied with the status quo An idea champion identifies opportunities for change and promotes innovation in the organization, helping to overcome resistance.
An Idea Champion
Explanation:
An idea champion is a member of a certain group with a personality that allows him to play the role of a supportive individual when someone has a good proposal, that makes everyone else involved in that task, reduces resistance to change, and finally guarantees that the objectives are accomplished. This is the type of leader that might not be in a high hierarchical position but can be in a high level of social influence and esteem.
Answer:
$133,000 decrease
Explanation:
The computation of the impact on the operating income is shown below:
Sales for the year $1,052,000
Less:
Variable cost -$862,000
Contribution margin $190,000
Less:
Fixed cost for 30% of $190,000 -$57,000
Impact on the operating income $133,000
This amount reflects the decrease in the operating income
Answer: 1.337
Explanation:
From the question ,we are informed that someone has a portfolio that is invested 18 percent in Stock A, 42 percent in Stock B, and 40 percent in Stock C while the betas of the stocks are .77, 1.32, and 1.61, respectively.
The beta of the portfolio will be calculated by multiplying the respective beta by their respective weight and then adding the total values gotten together. This will be:
= (18% × 0.77) + (42% ×1.32) + (40% × 1.61)
= (0.18 × 0.77) + (0.42 ×1.32) + (0.4 × 1.61)
= 0.1386 + 0.5544 + 0.644
= 1.337
Answer:
$439,610
Explanation:
Preparation for the current assets section of the balance sheet
Current assets
Cash $32,000
Accounts Receivable$111,900
Allowance for Doubtful Accounts($9,080)$102,820
($111,900-$9,080)
Inventory $295,000
Prepaid Insurance $9,790
Total current assets $439,610
($32,000+$102,820+$295,000+$9,790)
Therefore the current assets section of the balance sheet is $439,610
