Your firm's last three years of sales have been $1 million, $2 million, and $3 million (oldest to most recent). Year-end invento
ry was $250k, $500k, and $750k respectively. You are considering purchasing an inventory system that will double your inventory turnover. Which of the following is a good estimate for the amount you'll save with regard to inventory investment next year, assuming your sales will be $4 million - i.e., what's the difference between your estimates of inventory with the system and without? (Assume that your costs of goods sold stay at a constant percentage of sales throughout the past three years and next year; use same-year CoGS/Inv as your inventory turnover formula.)
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
<span>Does my insurance cover anger management
Answer:</span> <span>Since anger is a normal human emotion, it is not generally a covered healthcare benefit. Health insurance is designed to cover the examination and treatment of recognized medical/psychiatric illnesses.</span>
Explanation: Rule of 72 says that to know in how many years the amount can double can be done by using the interest rate. The rule of 72 says that 72 divided by the annual interest rate will give the number of years it will take to double the amount.
Rule of 72:
Rate of interest = 5.60%/4
Number of years to double the investment = 72 ÷ 1.4
Number of years to double the investment = 51.43/4 = 12.86 years
Therefore, it will take 12.86 years for the $1850 to get double to $3700.
