1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bad White [126]
3 years ago
5

Inventory Ratio Calculations

Business
1 answer:
tatuchka [14]3 years ago
7 0

Answer:

Inventory Turnover Ratio for 2008=  3.223 Times

Inventory Turnover Ratio for 2009= 3.91 times

Explanation:

Inventory Turnover Ratio=  Cost of Goods Sold / Average Inventories

Inventory Turnover Ratio for 2008=  $632,000/ $201,000 + 191,100/2

Inventory Turnover Ratio for 2008=  $632,000/196,050

Inventory Turnover Ratio for 2008=  3.223  times

Inventory Turnover Ratio for 2009=  $ 731,000/191,100 + 182,600/2

Inventory Turnover Ratio for 2009=  $ 731,000/ 186,850

Inventory Turnover Ratio for 2009= 3.91 times

You might be interested in
Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health
Serggg [28]

The kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

<h3>What is a preventative measure?</h3>

In insurance, a preventative measure can be defined as a kind of measure that typically involves reducing the degree of risk associated with an insurance object, and mitigating (decreasing) the negative impact of potential insurance-related accidents on the insured.

In this context, we can infer and logically deduce that the kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

Read more on insurance here: brainly.com/question/16789837

#SPJ1

7 0
1 year ago
Exercise Bicycle Company is expected to pay a dividend in year 1 of $1.20, a dividend in year 2 of $1.50, and a dividend in year
prisoha [69]

Answer:

E.  $40.68

Explanation:

The computation of the stock worth today is shown below:

= (Dividend in year 1 ÷ 1 + required rate of return^number of years ) + (Dividend in year 2 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years)  + (Dividend in year 3 ÷ 1 + required rate of return^number of years) × (1 + growth rate) ÷ (required rate of return - growth rate)

= $1.2 ÷ 1.14 + $1.5 ÷ 1.14^2 + $2 ÷ 1.14^3 + $2 ÷ 1.14^3 × (1 + 10%) ÷ (14%-10%)

= $40.68

We simply applied the above formula

3 0
3 years ago
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
tatyana61 [14]

Answer: a. rise, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

According to the Economic law of SUPPLY AND DEMAND, less supply means HIGHER prices simply because the good is becoming scarce not unlike fuel during global oil shortages.

Now, we are told that the drought reduced the supply for wheat which means the SUPPLY of wheat has DECREASED and this will translate to the SUPPLY of Bread DECREASING as well. According to the aforementioned law, prices of Bread will therefore RISE.

Since Bread prices have risen, people will seek alternatives to bread as they may not want to pay the high price. This will lead them to choosing the alternative to bread which in this case are Potatoes which would therefore INCREASE the DEMAND for potatoes.

3 0
2 years ago
Interest is defined as
maks197457 [2]

Answer:

in·ter·est

/ˈint(ə)rəst/

Learn to pronounce

See definitions in:

All

Commerce

Law

noun

1.

the state of wanting to know or learn about something or someone.

"she looked about her with interest"

Similar:

attentiveness

undivided attention

absorption

engrossment

heed

regard

notice

scrutiny

curiosity

inquisitiveness

enjoyment

delight

Opposite:

boredom

2.

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

"the monthly rate of interest"

Similar:

dividends

profits

returns

a percentage

Explanation:

3 0
3 years ago
Read 2 more answers
Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
avanturin [10]

Answer:

$335,428

Explanation:

The computation of the plane operating cost is shown below:

Plane Operating Cost = Fixed cost + (Variable cost per unit × quantity) + (Variable cost per unit × quantity)

= $41,490 + ( $2,839 × 101 flights) + ($23 × 313 passengers)

= $41,490 + $286,739 + $7,199

= $335,428

We only considered the planned activity as we have to compute the plane operating cost for the planning budget

8 0
3 years ago
Other questions:
  • Imagine that the U.S. Congress, recognizing the importance of being well dressed, started giveing preferential tax treatment to
    7·1 answer
  • A decrease in the inventory account during the year should be reported on the indirect method statement of cash flows as:
    8·2 answers
  • The following information pertains to United Ways, a private voluntary health and welfare organization, for the year ended Decem
    8·1 answer
  • You know the _____ method of budgeting is being employed after hearing an experienced marketing department manager respond to a
    7·2 answers
  • s has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, will provide him with $3,
    8·1 answer
  • Which of the following differences would result in future taxable amounts? Expenses or losses that are tax deductible after they
    8·1 answer
  • Joe pays Ann to mow his lawn, but Ann mows Donna's lawn by mistake. Donna peeps out her window and sees Ann mowing, yet says not
    11·1 answer
  • Ann has 3/4 as many stickers as Brenda. Brenda has 2/5
    5·1 answer
  • At Bargain Electronics, it costs $29 per unit ($16 variable and $13 fixed) to make an MP3 player that normally sells for $51. A
    8·1 answer
  • All of the following are weaknesses of the payback period:_________ (You may select more than one answer. Single click the box w
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!