What is the average inventory of a business that turns over inventory 10.0 times a year and has a cost of goods sold of $300,000?
a. $30,000
b. $ 3,000
c. $ 3,000,000
d. $300,010
Inventory is a collection of finished goods or items for manufacture held by a company for business purposes. The company could sell the inventory for profit. That means the products are finished and ready for selling as they are. Alternatively, the company could supply the goods to partner companies for further manufacturing. The products are then transformed or combined to become a different product. It depends on where the company is in the supply chain. Inventory is classed as a company asset. You note it as such on your balance sheet. The costs associated with buying, storing and selling inventory are tax-deductible expenses. The gross profit from the sale of inventory must be declared on your tax return as income. Making note of the expenses you incur from the inventory can lower your income tax amount.
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Answer:
D. decreasing returns to scale.
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Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Feedback is when you give a person a thought of how they did something like if you read me a novel I would tell you what you need to improve and what I liked or disliked.
Answer:
C. The government can change the reserve
ratio.
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
