Answer:
Option (b) 6.0
Explanation:
Data provided in the question:
Purchases = $960,000
Cost of goods sold = $900,000
Ending inventory = $180,000
Now,
Beginning inventory = Cost of goods available for sale - Purchases
= ( $900,000 + $180,000 ) - $960,000
= $120,000
Thus,
Average inventory = ( $120,000 + $180,000 ) ÷ 2
= $150,000
therefore,
Inventory turnover = Cost of goods sold ÷ Average inventory
= $900,000 ÷ 150,000
= 6.0
Option (b) 6.0
Answer:
True
Explanation:
This is an example of Constructive dilemma. It is a true rule of inference of propositional logic. It infers that, if P implies Q and R implies S and either P or R is true, then either Q or S has to be true. Therefore entering the teaching profession, means no money for vacations; and not entering the teaching profession, means no time for vacations. If you must either enter or not enter the teaching profession, it follows that either you will have no money or no time for vacations.
A complex urban environment poses a lot of challenges for individuals living in there. An urban setting usually is home to a lot of economic activities and brings about a lot of equations to solve. You'll have to deal with traffic congestion, pollution, criminality, etc. The best way to deal with all the challenges is to get to know the setting well to adapt your lifestyle accordingly. You may want to get a job near your place or home work. That will save you time, money, as well energy you need everyday. You may also want to live where the industrial activity is lowest to avoid air pollution and any related pollution type. As for safety, make sure you behave in a cautious manner and get along with people well. The bottom line is you'll need to have a thorough knowledge of the environment to be able to cope effectively in there.
The innovation which made it possible to sell a lot of goods really cheap is assembly-line production.
