Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
<u>Answer</u>:
The U.S. public debt 3. refers to the collective amount that U.S. citizens and businesses owe to foreigners.
<u>Explanation</u>:
Public debt simply refers to the debt that the country owes to the lender outside the nation. This debt may include individuals, businesses and also other governments. Public debt is also referred to as the national debt.
In certain countries public debt can also refer to the debt that the states, provinces and municipalities owe. Public debt is called so because it is the collective annual budget deficit. National debt is an important determinant to bridge the government's funding differences.
Answer:
6 years
Explanation:
The rule of 72 would be used to determine the number of years it would take GDP per capita to double
Rule of 72 = 72 / GDP per capita growth rate
72 / 12 = 6 years
I hope my answer helps you
Answer:
Socio-Demographic characteristic
Explanation:
Answer:
(a) $15
(b) $35
(c) 4
(d) $80
Explanation:
Given that,
Initial deposit = $20 bill
Required reserve ratio = 25%
(a) Money lend out by bank is as follows:
= Amount of deposit - Reserve requirement
= $20 - ($20 × 0.25)
= $20 - $5
= $15
(b) Money in the economy changed:
= Initial deposit + Amount of money lend out by bank
= $20 + $15
= $35
(c) Money multiplier:
= 1/ Required reserve ratio
= 1/ 0.25
= 4
(d) Money will eventually be created by the banking system:
= Change in deposits × Money multiplier
= $20 × 4
= $80