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xz_007 [3.2K]
4 years ago
5

Rachets R Us Corp. reported sales for 2013 of $200,000. Rachets R Us listed $25,000 of inventory on its balance sheet. Using a 3

65-day year, how many days did Rachets R Us's inventory stay on the premises? How many times per year did Rachets R Us's inventory turnover?
Business
1 answer:
Nuetrik [128]4 years ago
8 0

Answer:

Invneotry TO 8

days on invnetory 46

Explanation:

\frac{sales}{average\:inventory} = $TO \: inventory

200,000/25,000 = 8

The sales figure is done by selling inventory, to achieve the 200,000 sales with an inventory of 25,000 we should have sold our invnetory 8 times.

\frac{365}{Inventory \:TO} =$days on inventory

The year has 365 days If we sale our inventory 8 times per year.

This division will give us how many days to sold the entire inventory.

Because days can't be split in half, we round up.

365/8 = 45.625 = 46 days on inventory

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5 0
3 years ago
2 Static game ISuppose two players are playing a game, Even and Odd. Each player has a penny and mustsecretly turn the penny to
Andreyy89

Answer: The answers are provided below.

Explanation:

1. A payoff matrix is a table whereby strategies of one player are listed in the rows and the strategies of the other player is listed in the columns while the cells show the payoffs to each player in such a way that the payoff of the row player is first listed.

The payoff matrix for this game has been attached.

2. In game theory, a strategic dominance occurs when a strategy is better than the strategy of another player. In this scenario, even does not have a dominant strategy because both strategies are providing equal payoffs for the pure strategy.

4 0
3 years ago
True or False: In the long run, this increase in health care benefits will make faculty positions less attractive than other job
Kamila [148]

Answer:

true

Explanation:

In simple words, the increase in health care benefits that most of the multinational companies provide to their employees will ultimately leads too less affection towards faculty jobs.

This is due to the fact that the cost health care has been increasing day by day and its hard to maintain a decent life style with a necessary service getting that expensive.

Thus, corporate jobs are more attractive than faculty ones as they provide more assurance to the individuals that they will not be financially destroyed due to medical services.

7 0
3 years ago
"on may 1, mesa verde, inc. purchased a 2-year insurance policy for $15,600. prepaid insurance was debited for the entire amount
N76 [4]

The journal entry on May 1 was:

A debit to Prepaid Insurance for 15,600


And a credit to cash for 15,600

 

Prepaid Insurance is the share of an insurance premium that has been paid in early and has not finished as of the balance sheet date.

The monthly insurance payment for two years is computed by 15,600/24 months which is $650 per month.

 

At December 31 the adjusting entry would be:

A debit to Insurance Expense 5,200

And a credit to Prepaid Insurance for 5,200

 

5,200 is computed by:

650 x 8 months (starting from May 1 to December 31) = 5,200

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3 years ago
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Masteriza [31]

Answer: 1) collect data, develop hypotheses, and analyze the results.

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Macroeconomic is the field where overall economy is studied and analyzed to generate studied supposition .From created theory, evaluation of phenomena is done.

Other options are incorrect because unlimited usage of controlled experiment, relying on analyze data nd designing data are not the measure taken by scientist of macroeconomic field .Thus, the correct option is option (1).

8 0
4 years ago
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