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Lina20 [59]
3 years ago
10

If a firm’s inventories on hand are $200,000, its cost of goods sold is $600,000, and its sales are $800,000, what is the invent

ory turnover?
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer:

inventory turnover= 3

Explanation:

Giving the following information:

A firm’s inventories on hand are $200,000

The cost of goods sold is $600,000.

To calculate the inventory turnover, we need to use the following formula:

inventory turnover= cost of goods sold/ average inventory

inventory turnover= 600,000/200,000= 3

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the present value of a future sum decreases as either the discount rate or the number of periods per year increases, other thing
Katena32 [7]

The statement is true. The present value of a future sum decreases as either the discount rate or the number of periods per year increases, other things held constant.

Future cash flows are reduced by the discount rate, so the higher the cut price fee the lower the existing fee of the destiny coins flows. A lower discount rate leads to a higher present value. As this implies, whilst the discount price is better, cash in the future will be worth less than it's far nowadays.

Preserving other factors steady, as the interest price will increase, the present cost of an quantity to be received at the end of a fixed duration decreases. This means at a higher hobby price the present value of a future cash float falls. Decrease the prevailing price is. inversely related. growing the discount price decreases the present price and vise versa. Future value of that investment.

The prevailing value of a destiny lump sum decreases as the discount fee used decreases, All else held constant. the present cost and discount rate are inversely associated. If the destiny cost and the range of periods are held steady the prevailing price will lower as the cut price rate increases.

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4 0
2 years ago
Describe the first institution of the income tax in the United States, the reason behind it, and what happened to it.
Vinil7 [7]

Answer: The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses.

Explanation:

The system of tax began in America in the year 1861, this was during the civil war, where the Congress passed an Act that included a tax on personal incomes inorder to meet up war expenses. The tax system was cancelled after 10years of the practice but was later reinstated by the Congress in 1894 on federal level, but it was ruled out the following year by the Supreme Court because it was taxed directly and not according to the population of each state. In the year 1913 the federal government was allowed to tax everyone irrespective of the sizes of their state by the 16th amendment. This has been what's obtainable about the tax system till date.

4 0
3 years ago
The account​ "Accounts Receivable" began with a zero balance and then had the following​ changes: increase of​ $625, decrease of
Firdavs [7]
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hope this helps
7 0
3 years ago
Select all that apply.
VladimirAG [237]
<span>Money is anything that people are willing to accept to use for  payment for goods and services.The purpose of money can be described as follows:
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unit of account - money <span>represents the real value (or cost) of any economic item.</span><span>
medium of exchange- </span>Money serves as a medium of exchange.

3 0
3 years ago
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diamong [38]

Answer:risk control

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In order of effectiveness (from most effective to least), risk control methods include:

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Administrative controls: modifications to the workflow or work process (for example, rotating employees through several different work tasks to prevent repetitive stress injuries)

Personal protective equipment: safety gear worn by the workers, such as hard hats, safety glasses, and chemical-resistant gloves

6 0
3 years ago
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