Answer:
$73,561
Explanation:
The computation of inventory increased is shown below:-
Inventory increase = (Received goods - Returned goods) × (1 - 0.01) + Freight charges
= ($75,000 - $1,100) × 0.99 + $400
= $73,900 × 0.99 + $400
= $73,161 + $400
= $73,561
Therefore for computing the increased inventory we have simply applied the above formula.
It is often called a personal injury lawsuit.
Answer: Economic efficiency in a free market occurs when C) the sum of consumer surplus and producer surplus is maximized.
Explanation: Economic efficiency happens when resources are distributed in a way that allows for the least amount of waste so that there is little inefficiency. When all items are maximized, there is little waste happening and therefor the economic has achieved economic efficiency.
150 units times 600 units equals 75 units 100 units 200 units 300 units 400 units 506 177 units 35 units data table units 4582 units 240 money $14
Answer:
$15 million
Explanation:
Data provided in the question:
Inventory turn ratio = 60
Annual sales = $50 million
Average inventory = $250,000
Now,
we know,
Inventory turn ratio = ( Cost of goods sold ) ÷ ( Average inventory )
thus,
60 = ( Cost of goods sold ) ÷ $250,000
or
Cost of goods sold = 60 × $250,000
or
Cost of goods sold = $15,000,000 or $15 million
