Answer: 59 days
Explanation:
Given data:
Sales = $938,300.
cost of goods sold = $764,500.
inventory = $123,600.
Therefore:
How long does it take the firm to sell of it inventory.
Days available for sales in a year = 365
= 365 / ($764,500 / $123,600)
= 365 / 6.185
= 59.01 days
It would take the firm approximately 59 days to sell of it inventory.
Answer:
The first worker complete the job in 25 days himself
The second worker complete the job in 20 days himself
Explanation:
r1= rate of work done by first worker
r2=rate of work done by second worker
W= total work done
t days= time taken by the 1st worker to complete the job
r1(t)=W
r1=W/t (1)
Then the time taken by the 2nd worker to complete the job is t-5 days.
r2(t−5)=W
r2=W/(t−5) (2)
If 1st worker do the job for 1 hour and then both the worker do the job for 4 hours and 40% work is done, So
r1(1)+(r1+r2)(4)=4W/10
r1+4r1+4r2=4W/10
5r1+4r2=4W/10 (3)
Substitute equation 1 and 2 into (3)
5W/t+4{W/(t−5)}=4W/10
Multiply through by 10(t-5)
5/t+4/t−5=4/10
5(10)(t−5)+4(10)(t)=4(t−5)(t)
50t−250+40t=4t^2−20t
4t^2−110t+250=0
Solving the above quadratic equation using factorization method
4t^2−100t−10t+250=0
4t(t−25)−10(t−25)=0
(t−25)(4t−10)=0
t=25 or t=2.5
2.5 can't be the answer because if we take 2.5 days in which 1st worker completes the work, then the second worker will complete the work in -2.5days which is wrong.
The first worker completes the job in 25 days by himself and the second worker completes the job in 20 days by himself.
The approximate annual real rate of return is 14%.
16% - 2% = 14%.
Rate of Return = [ (Current Value − Initial Value) ÷ Initial Value ] × 100. Let's say you own a stock that started at $100 and went up to $110. Now you want to find out the rate of return. In our example, the calculation would be [ ($110 – $100) ÷ $100] x 100 = 10.
“The real rate of return formula is the sum of one plus the nominal rate divided by the sum of one plus the rate of inflation, which is then subtracted once. The real rate of return formula can be used to determine the effective rate of return on an investment after adjusting for inflation.” Real returns = (1 + nominal rate/1 + inflation rate) – 1
Rate of return = ( (value of investment after one year - initial investment) / initial investment) x 100 percent. Analyze your investment to obtain the values necessary to calculate its initial rate of return. For example, consider a $25,000 investment that grows to $28,500 after one year.
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Answer:
$99,000
Explanation:
The amount of $100,000 will be split between both Tina and the insurer in which the amount of $1,000 will be cover by Tina based on her self-insured retention policy while the insurer on the other hand will cover the remaining amount of $99,000 calculated as ($100,000-$1,000).
Therefore the amount that the insurer will pay under Tina's personal umbrella policy will be $99,000
