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3 years ago

A tragic flaw in a character is cause by

1 answer:

3 0

Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).

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Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe

xenn [34]

Answer:

A. True

Explanation:

Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.

This is true as an increase in the Federal reserves would lead to increased room for loan and lending facilities which would also help increase the money supply of the populace.

6 0

3 years ago

Maple Leaf, Inc., a television manufacturer, would like to reduce its inventory. To this end, you are asked by the operations ma

irga5000 [103]

Answer:

Maple Leaf, Inc.

Inventory Turnover:

b. Greater than 2 but less than 3

Explanation:

a) Data and Calculations:

1) Average inventories:

Raw materials $2,500,000

Work-in-process $1,000,000

Finished goods $800,000

Total average inventory $4,300,000

Cost of goods sold = $12,000,000

Inventory Turnover = Cost of goods sold/Average Inventory

= $12,000,000/$4,300,000

= 2.79 times

2) Inventory turnover is a financial ratio that shows the number of times in a year that inventory has been sold by Maple Leaf, Inc. When it divides the number of days, say 360 days in a year, the ratio that comes out shows the number of days it takes Maple to sell its inventories.

3 0

3 years ago

Intel Corporation

statuscvo [17]

Answer:

a. Gross income = sales - COGS

Pretax = gross income - SG$A expense +operating income + non operating income- interest expense - unusual expense

income taxes = Pretax - net income

income statement 2016 2015 2014 2013 2012

sale 59387 55355 55870 52708 53341

COGS 23425 20651 20522 21418 20507

gross earnings 35962 34704 35348 31290 32834

SG&A EXPENSE 21149 19835 19693 18729 18117

operating income 14813 14869 15655 12561 14717

non operating income 533 -51 224 595 463

interest expense 733 337 192 244 90

unusual expense 1677 269 -114 301 217

pretax 27749 29081 31456 25172 29590

income taxes 17433 17661 19752 15552 18585

Net income 10316 11420 11704 9620 11005

b. Average tax rate = total taxes / total taxable income ( for this calculation we need the tax table for identifying the correct tax brackets for each taxable income falling on it.

2016 2015 2014 2013 2012

gross profit margin 0.61% 0.63% 0.63% 0.59% 0.62%

net profit margin 0.17 % 0.21% 0.21% 0.18% 0.21 %

c. is attached

d.income statement 2016 2015 2014 2013 2012

sale 100 100 100 100 100

COGS 39.44% 37.31% 36.73% 40.64% 38.45%

gross earnings 60.56% 62.69% 63.27% 59.36% 61.55%

SG&A EXPENSE 35.61% 35.83% 35.25% 35.53% 33.96%

operating income 24.94% 26.86% 28.02% 23.83% 27.59%

non operating expense 0.90% -0.09% 0.40% 1.13% 0.87%

interest expense 1.23% 0.61% 0.34% 0.46% 0.17%

unusual expense 2.82% 0.49% -0.20% 0.57% 0.41%

pretax 46.73% 52.54% 56.30% 47.76% 55.47%

income taxes 29.35% 31.90% 35.35% 29.51% 34.84%

Net income 17.37% 20.63% 20.95% 18.25% 20.63%

Explanation:

gross profit margin = gross profit/ sales

net profit margin = net profit / sales

no c is an attachment

5 0

3 years ago

What line on a production possibilities curve shows the amounts of goods produced?

Lesechka [4]

The line on a production possibilities curve that shows the amounts of goods produced is called production possibilities frontier.

6 0

3 years ago

Read 2 more answers

Terry company had january 1 inventory of $100,000 when it adopted dollar-value lifo. during the year, purchases were $600,000 an

inna [77]

Answer:

Terry's Closing Inventory is $131,360.

Terry's Gross profit is $431,360.

We follow these steps to arrive at the answers:

1. Calculate the base value of closing inventory (CI):

$CI_{base value} = \frac{CI*Index at base year}{current price index}$

$CI_{base value} = \frac{143360*100}{112} = 128,000$

2. Calculate additions to inventory at base price

$Additions to inventory = CI_{base value} - Beginning inventory$

$Additions to inventory = 128000 - 100000 = 28,000$

3. Calculate the value of additions to inventory at current prices

$Additions to inventory_{current Value} = Additions to inventory_{base Value} * \frac{current price index}{base price index}$

$Additions to inventory_{current Value} = 28,000 * \frac{112}{100} = 31,360$

4. Calculate the value of Closing inventory

$Closing inventory = Beginning Inventory + Additions to inventory_{current Value}$

$Closing inventory = 100,000 + 31,360 = 131,360$

5. Compute Cost of Goods Sold (COGS):

$COGS = Opening Inventory + Purchases - Closing Inventory$

$COGS = (100000 + 600000 - 131360) = 568640$

6. Compute Gross profit

$Gross profit = Sales - COGS$

$Gross profit = 1000000 - 568640 = 431360$

5 0

3 years ago