Answer:
Invnetory TurnOver 10
Average inventory 36.5
Explanation:
300,000 / 30,000 = 10
The company sales his inventory 10 times per year
In some cases, we are given with a beginning and ending inventory.
For those, we calculate the average inventory:
(beginning + ending)/2
365/10 = 36.5
The average the inventory age is 36.5 days
365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.
we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.
Answer:
1.- 35,000 helment x 0.6 kilograms = 21,000 STD quantity
2.- 21,000 kilograms x $8 per kilogram = $168,000
3.- 9,000 F
4.- 12,000 U
Explanation:
std cost $8.00
actual cost $7.60
quantity 22,500
difference $0.40
The actual cost for each kilogram is lower than expected. This means the copamny saved cash in the purchase. This variance is favorable.
saved 0.40 per kilograms x 22,500 purchased
price variance $9,000.00
std quantity 21000.00
actual quantity 22500.00
std cost $8.00
difference -1500.00
The actual quantity was higher than expected, this variance will be unfavorable
1,500 extra kilograms x $8 each =
quantity variance $(12,000.00)
Answer:
Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.
While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.
In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.
Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.
In this scenario, Ignatius had a net gain of 534.45 which means he had 534.45 more CREDITS than DEBITS.
Credits to a checking account increase the balance while debits decrease it.
Answer: Consumption = $6 trillion
government purchases = $1.3 trillion
national saving = $0.7 trillion and
investment = $0.7 trillion
Explanation:GDP is the market value of all final goods and services within an economy during a given period.
GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)
National Savings/ Investment = Private saving + public saving = $0.5 trillion +$ 0.2 trillion = $0.7 trillion.
Government purchases = Taxes - Public saving = $1.5 trillion - $0.2 trillion = $1.3 trillion
Since, GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)
Therefore, Consumption = GDP - Investment - Government Expenditure
Consumption = $8trillion - $0.7trillion - $1.3trillion = $6 trillion
