Length of inventory period = Average Inventory / Cost of goods sold * 365 days
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= $45,500
Length of inventory period = Average Inventory / Cost of goods sold * 365 days
= $45,500 / $684,000 * 365
= 24.3 days
The <u>Service-Profit Chain model </u>is based on a set of cause-and-effect linkages between internal and external performance, and in this fashion, defines the key performance measurements on which service-based firms should focus.
<h3>What is Service-Profit Chain Model?</h3>
This refers to a business model which was developed in Havard to determine the best method of operation that service-oriented firms should adopt. It shows the interrelationship between
- profitability,
- the loyalty of customers,
- productivity, and
- customer satisfaction,
which are all parts of a business that are necessary for growth and performance.
See the link below for more about Business Performance:
brainly.com/question/24673911
Answer:
Debit balance is transaction amount minus margin: (250 × $36.55) − 0.46 × (250 × $36.55) = $4934.25
Equity is the margin amount, or 0.46 × (250 × $36.55) = $4203.25
Margin = (Value − Debit balance)/Value = [(250 × $46) − $4934.25] ÷ (250 × $46) = 57.09%.
Answer: $338712.36
Explanation:
Given the following :
APR = 6.35% = 0.0635
Monthly payment = $1800
Cost of home = $340,000
Period (t) = 420
Monthly rate = 0.0635 / 12
Amount paid on loan = PV of monthly payment :
PMT(1 - (1 / (1 + r)^t)) / r
1800[(1 - (1 / (1 + 0.0635/12)^420)) / r]
1800[ (1 - (1 /9.1764488)) / r
1800[ 1 - 0.1089746] / (0.0635 / 12)
1800 [168.38275]
= $303088.95
Hence, amount yet to pay :
$340,000 - $303088.95 = $36911.05
Hence, balloon payment :
36911.05( 1 + r)^t
36911.05(1 + 0.0635/12)^420
36911.05(1 + 0.0052916)^420
36911.05(1.0052916)^420
36911.05 × 9.1764488
= $338712.36
