121.67 days
Days in inventory is a measure of the average number of days that inventory is held.
365 days / ($285,000 / (80000+110,000)/2))
365 / (285,000 / {190,000/2})
365/ (285000/95000)
365/3 = 121.67 (rounded)
Answer:
the journal entry to record bond issuance:
Dr Cash 1,444,000
Dr Discount on bonds payable 76,000
Cr Bonds payable 1,520,000
amortization of discount on bonds payable = $76,000 / 5 = $15,000
coupon payment = $91,200
total interest expense per year = $106,200
total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>
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Answer 1: The Correct answer is C) the average prices of goods and services decreased between last year and this year.
CPI stands for consumer Price Index. Also known as the 'basket' the index is developed by national governments to monitor the prices of basic goods and services used by the population.
This has to include basic items that the majority of population uses every day e.g. milk, chicken, electricity etc.
In this case, the CPI had decreased from 91.0 to 90.0 which means the prices fell.
Answer 2: The correct answer is A) 3.6%
The formula to calculate unemployment rate is:
No. of unemployed ÷ No. of Working People x 100
In this case, it was 9 million divided by 250 million x 100
3.6% unemployment rate is actually very less for an economy and is an indicator that the economy is doing well and creating enough jobs for most people. A high unemployment rate signals a worsening economy.
Answer:
The total of the combined salaries of all the employees at Company E after July 1 last year was 110% of that before July 1 last year.
Explanation:
If we use numbers, as example, we can get that:
Before July 1st Company E' s employes had in average salary of $100.000 (example).
If, after the decreased of employees, average salary was 10% percent more, that means that:
- $100.000 x 10%= <u>$10.000
</u>
So, total of combined salaries after decreased was
- $100.000+$10.000= $110.000
$110.000 is the 110% of the average salary before decreased because:
- <u>$110.000/100.000 = 110%</u>
