Answer: 11.42 times
Explanation:
Inventory Turnover = Cost of Goods Sold / Average inventory
Where,
Cost of goods sold = 4,000 quarter-pound hamburgers each week x $1.00 a pound
COGS = $4,000 per week
Average Inventory = 350 pounds of hamburger
Inventory Turnover = 4000 / 350 = 11.42 times
Answer: C
Explanation:
You're seeing an opportunity in savings the cost is $40 + $10 for shipping = $50 versus $45 with free shipping. You get an extra item for less and it includes free shipping. So its a deal to actually buy the extra item.
Answer:
Loss on sale of delivery equipment = $3,700
Explanation:
The following journal entry to record the exchange for Sheridan’s Delivery Company.
Delivery equipment debit (fair value) $2,800
Loss on sale of delivery equipment debit $37,00 (Note - 1)
Accumulated depreciation debit $15,000
Delivery equipment (original cost) credit $21,500
Note: Calculation: Loss on sale of delivery equipment = cost price of delivery equipment - accumulated depreciation - disposal of delivery equipment.
Loss on sale of delivery equipment = $21,500 - $15,000 - $2,800.
Loss on sale of delivery equipment = $21,500 - $17,800
Loss on sale of delivery equipment = $3,700
Answer:
13 years
Explanation:
Note that, if we add the annual interest rate of 7.9% to $8000 [(0.079*8000)+8000] we get a total value of $8632. We perform random division of the 8632 with 11 12, 13 years we note that at 13 years the total annual payment is lowest.
Such that 8632/13 years= $664 lower than paying $750.
The correct option is B
<u>Explanation:</u>
<u>The accounting profit can be calculated with the help of following given formula
</u>
Accounting profit = revenue minus the explicit costs =100000 minus 25000
Thus, after calculations, the accounting profit is equal to $75000
<u>To calculate the economic profit, the following formula is to be used.
</u>
The economic profit = accounting profit minus the implicit costs
=75000 minus 30000
($30000 is his salary as the server which is opportunity cost) =$45000
Thus, the Option B is the correct answer.
