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den301095 [7]
3 years ago
6

Suppose Maestro'sMaestro's had cost of goods sold during the year of $ 230 comma 000$230,000. Beginning merchandise inventory wa

s $ 35 comma 000$35,000​, and ending merchandise inventory was $ 45 comma 000$45,000. Determine Maestro'sMaestro's inventory turnover for the year. Round to the nearest hundredth.
Business
1 answer:
sveticcg [70]3 years ago
6 0

Answer:

The answer is: Maestro's inventory turnover was 5.75 times

Explanation:

In order to find the inventory turnover we use the following formulas:

  • Inventory turnover = COGS / Average inventory
  • Average inventory = (beginning inventory + ending inventory) / 2

First we find the average inventory:

  • Average inventory = ($35,000 + $45,000) / 2 = $40,000

Now we can calculate the inventory turnover:

  • Inventory turnover = $230,000 / $40,000 = 5.75 times
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Isabelle has $84.00 in her account on Sunday. Over the next week, she makes the following changes to her balance via deposits an
Wittaler [7]

Answer: I. Thursday and III.  Saturday

Explanation: To say that Isabelle has $84.00 in her account means that she has her own cash held in a bank. This means that Isabelle has a debit account and is likely using a debit card to for her deposits and purchases. A debit card is used to take out cash from her account, and not a line of credit. This means that the cash for every purchase she makes is withdrawn from her account which then debits,  or decreases her balance. On the other hand every deposit into her account, increases the balance  which is credited to her account.

The changes made throughout the week affected her account in the following way:

Day                Debit(-)    Credit (+)     Balance

Openin bal:                                           84.00

Monday         -22.35                            61.65

Tuesday         -47.60      +10.29         24.34

Wednesday   -15.44                            8.90

Thursday       -11.25                           -2.35

Friday             -9.78        +22.69         10.56

Saturday      -30.54        +18.86         -1.12      

∴closing bal:                                   = -1.12

From this it shows that Isabelle is charged an overdraft fee on Thursday (I) and Saturday (III) as she spent more than what she had in her account on those days.

4 0
3 years ago
Read 2 more answers
Walt is evaluating an investment that will provide the following returns at the end of each of the following years: year 1, $12,
Sindrei [870]

Answer:

$38,771.44

To achieve at least the 8% rate Walt can pay until this amount.

Explanation:

The goal would be to calcualte the present value for each cashflow using the expected rate of 8%

\left[\begin{array}{ccc}-&Cash Flow&Discounted\\Year \: 1&12,500&11,574.0740740741\\Year \: 2&10,000&8,573.38820301783\\Year \: 3&7,500&5,953.74180765127\\Year \: 4&5,000&3,675.14926398227\\Year \: 5&2,500&1,701.45799258438\\Year \: 6&0&0\\Year \: 7&12,500&7,293.62994077667\\Total&50,000&38,771.4412820865\\\end{array}\right]

\frac{Principal}{(1 + rate)^{time} } = Present \: Value

<em><u>For example year 3</u></em>

7,500\div \: 1.08^3  = 5953.74180765127

Then we add each cashflow, to get the present value of the project.

To achieve at least the 8% rate Walt can pay until this amount.

5 0
3 years ago
There are three key approaches to entering international markets. each company must decide how to enter each chosen marketlong d
Minchanka [31]

The three key approaches that are needed in entering international markets include the following; direct investment, exporting and even joint venturing. These are three key approaches that will complete the space provided above as this is where the company decide on how a chosen market long dash may enter.

3 0
3 years ago
The total assets and the total liabilities of a business at the beginning and at the end of the year appear below. During the ye
Serjik [45]

Answer:

Net Income = $45000

Explanation:

The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.

Total Assets = Total Liabilities + Total equity

At the beginning of the year:

295000 = 190000 + Total equity

Total Equity = 295000 - 190000

Total Equity = $105000

The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.

At the end of the year:

355000 = 220000 + Total Equity

Total Equity = 355000 - 220000

Total Equity = $135000

Ending balance of equity = Opening balance of Equity + issuance of equity(Common stock) + Net Income - Dividends

135000 = 105000 + 35000 + Net Income - 50000

135000 = 90000 + Net Income

Net Income = 135000 - 90000

Net Income = $45000

6 0
4 years ago
Whether you realize it or not, you spend a great deal of time attempting to influence others, including your professors, parents
lesya692 [45]

Answer:

Matching each term to the influence tactic that its description best represents:

a. To influence your boss to give you a raise, you prepared a presentation that showed your productivity and output over the past five years, compared to your coworkers.

Rational persuasion

b. The ASPCA influences consumers to donate by showing heart wrenching commercials that feature animals in shelters.

Inspirational appeals

c. In order to make a decision that will affect your entire team, you discuss the options with several of your team members and seek their input and advice.

Consultation

d. Before asking you to take on a particularly difficult and thankless assignment, your boss spends a few minutes praising all of your recent successes at work.

Ingratiating tactics

e. Your coworker wants you to cover his shift later this week, so he reminds you that the two of you are close and that this is what friends do for one another.

Personal appeals

f. Your boss tells you that if you are willing to work Thanksgiving week without any days off, she will guarantee that you don't have to work during the next major holiday week.

Legitimating tactics

Explanation:

1. Ingratiating tactics: techniques of making oneself more likeable to one's target.  It includes being friendly, helpful, and using praise or flattery.

2. Personal tactics: the techniques used to build a personal brand.

3. Rational persuasion: presenting a logical, well-reasoned explanation of why you believe your idea represents the best option in a particular situation.

4. Inspirational appeals: focusing on values, emotions, and beliefs to gain support for a request or course of action.

5. Personal appeals: Using personal attraction, interestingness, charisma, sexual allure to excite others.

6. Legitimating tactics: These techniques enforce compliance to rules or policies, or use threats based on authority.

7. Consultation: Gaining the participation of others in planning, decision making, and change management.

8. Exchange tactics: These tactics exchange favors.

9. Coalition tactics: Building others' consensus to pursue a course of action.

3 0
3 years ago
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