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nydimaria [60]
3 years ago
10

The following information is available for Miguel Company at December 31, 2020: beginning inventory $160,000; ending inventory $

240,000; cost of goods sold $1,050,000; and sales $1,800,000. Everett’s inventory turnover in 2020 is
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

5.25

Explanation:

Inventory turnover = Cost of goods sold / Average inventory

Cost of goods sold = $1,050,000

Average inventory = (Beginning Inventory + Ending Inventory) /2

Average inventory = ($160,000 + $240,000) / 2 = $200,000

Next, use the average inventory value in the turnover formula above;

Inventory turnover = 1,050,000 / 200,000

= 5.25

Therefore, Everett's inventory turnover in 2020 is 5.25 times.

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With iOS, its particularly important for an app to minimize the persistent storage placed in the app's home directory. This is b
dexar [7]

Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.

Explanation:

6 0
3 years ago
When you purchase shares of a company in the market, who are you buying those shares from?
leva [86]

Answer:

Investor

Explanation:

A stock is a speculation. At the point when you buy an organization's stock, you're buying a little bit of that organization, called an offer. Investors buy stocks in organizations they think will go up in esteem. On the off chance that that occurs, the organization's stock increments in esteem also.

Investor is a person who purchase shares of a company in the market.

3 0
3 years ago
Ornaments, Inc., is an all-equity firm with a total market value of $608,000 and 27,300 shares of stock outstanding. Management
Stels [109]

Answer:

The EPS in recession is $1.546 per share.

Explanation:

The earnings per share or EPS is a function of net income divided by the number of shares outstanding. The earnings per share calculates the dollar return per share that is earned in a year.

Earnings per share = Net Income / No of common shares outstanding

Where, Net Income = EBIT - Interest - Tax

The EBIT in recession will be = 86600 * (1-0.25) = $64950

The company is all equity financed so there is no interest cost.

Net Income in recession will be = 64950 - (64950 * 35%)  =  $42217.5

Thus, EPS in recession = 42217.5 / 27300  =  $1.546 per share

3 0
3 years ago
A 65-year-old retiree wishes to convert the cash value of his insurance policy into an annuity. He can select an annuity that wi
insens350 [35]

Answer:

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

Explanation:

Giving the following information:

Option 1:

Number of years= 15

FV= 450,000

i= 0.0525

Option 2:

Number of years= 20

FV= 450,000

i= 0.0525

To calculate the annual cash flow, we will use the following formula on each option:

A= (FV*i)/{[(1+i)^n]-1}

A= annual cash flow

<u>Option 1:</u>

A= (450,000*0.0525) / [(1.0525^15) - 1]

A= $20,464.72

<u>Option 2:</u>

A= (450,000*0.0525) / [(1.0525^20) - 1]

A= $13,253.53

The annual difference between Option 1 (15 years) and Option 2 (20 years) is $7,211.19 in favor of the first one.

5 0
3 years ago
David bought a pickup truck to transport his equipment on weekend fishing trips. He also bought a trailer for his lawn maintenan
trasher [3.6K]

Answer:

B2C and B2B, respectively.

Explanation:

The pickup that David bought to transport equipment on weekend fishing trips should be considered a business to consumer (B2C) transaction David will use it for recreational activities.

The trailer that David bought to transport his lawn maintenance equipment should be considered a business to business (B2B) transaction David will use it for his lawn maintenance business.

6 0
3 years ago
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