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larisa86 [58]
3 years ago
12

Holliman Corp. has current liabilities of $407,000, a quick ratio of 1.90, inventory turnover of 4.50, and a current ratio of 3.

40. What is the cost of goods sold for the company?
Business
1 answer:
Sati [7]3 years ago
5 0

Answer:

Cost of goods will be $4670325

Explanation:

We have given current liabilities = $407000

A quick ratio = 1.90

Current ratio is 3.40 and inventory turnover = 4.50

We know that current ratio is the ratio of current assets and current liabilities

So 3.4=\frac{current\ assets}{current\ liabilities}

So current assets = $1383800

Now quick ratio is equal to = \frac{current\ assets-inventory}{curtrent\ liabilities}

So 0.85=\frac{1383800-inventory}{407000}\\

Inventory = $1037850

Inventory turnover is given 4.5

So 4.5=\frac{cost\ of\ goods\ sold}{average\ inventory}

4.5=\frac{cost\ of\ goods\ sold}{1037850}

So cost of goods sold = 4.5×$1037850 = $4670325

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"You are a manager of a team of 50 professionals. One particular professional persists in accusing you of having your priorities
erastova [34]

Answer:

C: Clarify your Core Principles and Make them Public

Explanation:

First: A list of the options:

A) Meet the professional at the door each time you see him coming

B) Move the professional to another team so you don't have to manage him

C) Clarify your core principles and make them public

D) Hold meetings with him only at the end of the day

<u>Detailed Explanation</u>

As a manager especially of professionals, it is expected that conflict will arise from time to time on the order of activities and priorities. This is primarily because each team member who is also a professional have core principles and priorities on how tasks are to be accomplished.

It becomes imperative, therefore, as a manager of this team to make your core principles especially for achieving the group task very clear and also make them public so that everyone on the time understands them and are carried along on your priorities, plans and activity schedule on a daily basis.

This way, where there are conflicts, these initially clarified core principles of values can be easily referred to and such conflicts quickly resolved. However, in a situation where the particular professional continues to accuse you and tries to undermine the activity, such actions will meet with little or no success because 49 other members are easily carried along on your plan and activity schedule as the manager.

Looking at the Other Options

Meeting the professional at the door daily will not resolve the attempts to undermine the activities. Such a professional is quite determined in their actions

Moving the professional to another team is not a good way to resolve conflict as a new team member can also come up with another issue. If this becomes the norm then the manager may not be left with adequate team members to complete daily tasks

Holding meetings with one professional daily is counterproductive as the manager wastes quality time in resolving issues that can be publicly addressed by making core principles clear and public

7 0
4 years ago
What is the tax-exempt equivalent yield on a 9% bond yield given a marginal tax rate of 28%?
grigory [225]

The tax-exempt is 6.48 %

<h3>How to calculate the tax-exempt ?</h3>

The bond yield is 9%, let's divide 9% by 100

= 9/100

= 0.09

The marginal tax rate is 28%, let's divide 28% by 100

= 28/100

= 0.28

Therefore the tax-exempt can be calculated as follows

0.09(1-0.28) × 100

= 0.09(0.72) × 100

= 0.0648 × 100

= 6.48

Hence the tax-exempt is 6.48%

Read more on tax-exempt here

brainly.com/question/5540202?referrer=searchResults

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5 0
2 years ago
Keira is in the market for a type of goods with unique characteristics that appeals to a limited number of consumers and require
Savatey [412]

The correct answer would be option B, Specialty Goods.

Keira is in the market for a type of goods with unique characteristics that appeals to a limited number of consumers and requires significant effort and money to purchase. Keira is most likely in the market for Specialty Goods.

Explanation:

There are products in the market that have certain characteristics that are appealing to a limited number of people. Such products require not only effort to purchase, but also a significant amount of money is needed.

Specialty products are usually high in price because of their unique characteristics, and that is why they are not easily available in the market as they are needed by a limited number of people.

Specialty products may include the following:

  • Luxury Cars
  • Luxury Clothing
  • High Fashion Clothing
  • Exotic Perfumes
  • Professional Photographic Equipment, etc.

Learn more about Specialty Products at:

brainly.com/question/14227087

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3 0
4 years ago
The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual
Reika [66]

Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans  = $150,000 in revenue.

Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

Total revenue             = $150,000 + $25,000 = $175,000

<u>minus total costs        = ($50,000)    </u>

Net income                 = $125,000

6 0
3 years ago
You believe you will spend $40,000 a year for 20 years once you retire in 40 years. If the interest rate is 6% per year, how muc
boyakko [2]

Answer:

We need to save $2,964 each year until retirement to reach our retirement goal.

Explanation:

First lets assume that we have retired, we now need to find the present value of all our future cash flows, which means we need to find out the present value of 40,000 every year. We will input the following in a financial calculator.

FV=0

PMT= -40,000

I=6

N=20

Compute PV= 458,796

This PV is what present amount of the future payments we will need at the start of our retirement which is after 40 years. This represents the amount of money we need to have at the end of 40 years in order to have enough for our retirement. Which means we can use this as the future value. Now we need to find how much do we have to save each year so we have 458,796 at the end of 40 years.

In a financial calculator we will input the following.

FV= 458,796

PV=0

I=6

N=40

Compute PMT= 2,964

We need to save $2,964 each year until retirement to reach our retirement goal.

6 0
4 years ago
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