Answer:
INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million
Explanation:
Inventory turnover will be determined as :
Inventory turnover = Annual sales ( at cost ) / Inventory value
Annual sales this year = $72million
Inventory turnover = 8 times
Therefore , Inventory value of current year = $72/8 =$ 9 MILLION
If annual sales ( at cost ) increases by 25%, Inventory value also has to increase by 25% to maintain the same inventory turnover ratio next year
Therefore , increase in average inventory value required = 25% of $9 million = $2.25 million
INCREASE IN AVERAGE INVENTORY VALUE REQUIRED = $2.25 million
Answer: e)5% and $80,000
Explanation:
$320,000 was generated by the salespeople in this territory.
This territory comprises 10% of a $64 million market.
Territory comprises of = 10% * 64,000,000 = $6,400,000
Their market share is therefore;
= 
* 100%
= 5%
Four people made sales of $320,000.
Their productivity = 
= $80,000
Answer:
I belive its c.
Explanation:
It says interest EARNED on INVESTMENTS which would be a good thing not an expense.
If you invest in something you can get the money back
Income $42,500
Less:
Deductions <u> 0</u>
Taxable Income $42,500
Tax rate <u> x 10%</u>
Tax payable $4,250
Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).
Answer:
n= 7.66 years
Explanation:
Giving the following information:
Present value (PV)= $29,500
Future value (FV)= $45,100
Interest rate= 5.7%
<u>To calculate the number of years, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(45,100/29,500) / ln(1.057)
n= 7.66 years
