Explanation:
The computation of inventory turnover and the days sales in inventory is shown below:
Inventory turnover ratio equals to
= Cost of goods sold ÷ average inventory
where,
Average inventory = (Opening balance of inventory + ending balance of inventory) ÷ 2
For 2017, it would be
= $(578,825) ÷ {($102,900 + $93,250) ÷ 2}
= $(578,825) ÷ ($98,075)
= 5.90 times
For 2016, it would be
= ($361,650) ÷ {($98,000 + $93,250) ÷ 2}
= ($361,650) ÷ ($95,625)
= 3.78 times
Now the days sales in inventory is
= Total number of days in a year ÷ inventory turnover ratio
For 2017, it would be
= 365 days ÷ 5.90 times
= 61.86 days
For 2016, it would be
= 365 days ÷ 3.78 times
= 96.56 days
We assume there are 365 days in a year
Answer:
d) 0.750
Explanation:
The computation of the correct value for the resulting line's efficiency is shown below:
Efficiency = All task times sum ÷ (Actual number of workstations × cycle time)
where,
All task times sum is 60 minutes
The Actual number of workstations is 8
And, the cycle time is
Since 600 seconds = 10 minutes
And 1 minute = 60 seconds
So, the cycle time would be
= 600 ÷ 60
= 10 minutes
Now placing these values to the above formula
So, the resulting line's efficiency is
= 60 ÷ (8 × 10)
= 60 ÷ 80
= 0.750
Answer:
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Answer:
<u><em>Local Income Taxes. </em></u>This taxes are used to fund city programs and community improvement.