Answer:
96.3 days
Explanation:
Inventory turnover is calculated as;
= ( Average inventory / cost of goods sold ) × 365
Where,
Average inventory = (Beginning inventory + Ending inventory) / 2
Average inventory = ($208,000 + $188,000) / 2
Average inventory = $198,000
Therefore,
Inventory turnover = ($198,000 / $750,000) × 365
Inventory turnover = 96.3 days
The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days
Answer:
$894.65
Explanation:
Given data:
n= time = 10 years
par value= $1000
annual coupon = 5.5%
interest rate = 7.0%
bond price = present value of interest + present value of redemption value.
present value of interest:
C = 5.5% of 1000 = $55
PV = C x (1 - (1 + r)^(-n)/r
PV = 55 x 1.07^(-10)/0.07
PV = 386.3
present value of redemption value:
pv = f / (1 + r)^(n)
where f = par value
PV = 1000 / (1.07)^(10)
PV = 508.35
summing up both values
508.35 + 386.3
= $894.65
Answer:
BOB should offer 4,583,333 for the building if he wants the cap rate to be the same as the similar building.
Explanation:
The cap Rate is used to to calculate how much income a building or a property generates compared to its price it is bought at, so in order to find the cap rate we divide the annual NOI by it's price. In this question we will have to calculate the cap rate of the similar building which was sold for 6,000,000 and then use that cap rate to find what should the price of the building be that BOB wants to buy.
Cap rate = Annual NOI/Price
Cap rate of similar building = 360,000/6,000,000=0.06=6%
Now we will substitute 6% in the formula to find the price of the building BOB wants to buy.
0.06=275,00/Price
Price = 275,000/0.06=4,583,333
