The inventory level will be used by an inventory
manager to regulate the optimal time for manufacturing, if they are handling
a manufacturer's warehouse, or to demand more if the product is being stored as
stock at a store.
To solve this:
Get first the Current Assets this solved by multiplying the
current liabilities to the current ratio.
CA = $500 (1.5) = $750
Then get the inventory level by multiplying the current
asset to the product of the current liabilities and quick ratio.
Inventory level = $750 (500 x 1.1) = $412,500
PROFIT PERHAPS OR INCREASE IN SALES FOR THERE IS NO RIVALS ANYMORE AND HAVE TAKEN THEM OUT
Answer:
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Explanation:
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Answer:
Jon's conclusion is not valid.
Explanation:
To a particular extent the tax to be paid by a person can be minimum 0. It can never happen that the tax is negative and tax department pays back to the client, with no tax liability.
Jon contends that from the previous year the tax paid by him is less by 150%, which cannot be true as the tax amount can be reduced by 100% making tax = 0.
Assuming tax paid last year = $100
Tax paid in current year = $100 - $100
150%
= $100 - $150 = -$50
It means tax paid is negative $50, that concludes tax department paid $50 to Jon, which cannot be true.
Thus, Jon's conclusion is not valid.
Today we have currencies to buy things, but there was an era when there were no currencies. People at that times used to exchange things to buy or sell something.
In the given case person used five beaver pelts to buy a bag of rice and two beaver pelts to buy a pair of shoes, so it is a clear indication that the person used a medium of exchange.
Hence, the correct answer is <u>C) medium of exchange</u>