Answer:
The correct answer is A
Explanation:
Inventory turnover is the ratio which shows or states that how many times, the company has sold or replaced the inventory during a stated year or period. This ratio is stated as a formula which is to divide the number of days in the year with the formula of inventory turnover in order to compute the days it will take for selling the inventory.
So, this is the one which tells the relationship among the cost of the merchandise sold and the amount of the inventory which is carried during the year.
The total profit Marjorie's mugs are = $2200
<h3>What is Variable cost?</h3>
Variable costs are expenses that alter as the volume of a good or service a company produces fluctuates. Marginal costs multiplied by the number of units produced make up variable costs. They can be regarded as typical expenses as well. Total cost is divided into two parts: fixed costs and variable costs.
<h3>What is fixed cost?</h3>
Fixed costs, also known as indirect costs or overhead costs, are expenses incurred by a firm that are independent of the volume of goods or services the business produces. They typically have a periodic nature, such monthly rent or interest payments. These expenses frequently also involve capital costs.
<h3>According to the given information:</h3>
Total mugs sold = 300
mugs sold at = 20
variable cost = 7
total fixed cost = 1700
find the profit:
profit = (300*(20-7) - 1,700)
= $2,200
The total profit Marjorie's mugs are = 2200
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Answer: This means: "d. Your economic profit has gone down and your accounting profit has stayed the same."
Explanation: The difference between the accounting and economic benefit is associated with the type of cost that each includes:
The accounting benefit is nothing more than the difference between income and cost. In this case it is still $50000.
The economic benefit includes not only explicit costs. The economic benefit is the difference between income and total costs (explicit and implicit). Therefore, this benefit is less than the accounting benefit. Because in this case the cost of working at home is considered.
Ordinarily, the automobile insurance includes<u> 4 basic features. </u>
The first one is the body bodily injury coverage - which covers the fee of medical expense, lost wags or pain, etc. which you may have to suffer from when you are injured in accident.
The second one is the property damage coverage. As in some situation, you may cause accident leading to damage of other vehicle or property. This feature of insurance would help you to pay for these expense to compensate.
The third feature is comprehensive coverage. This is optional in your insurance and it would cover the expense on repair in case of fire or natural disaster, theft, etc.
The last one is collision coverage, which support the fee of repair of vehicle due to the crash with other vehicle.