Answer: The importance of liquidity
Explanation:
The financial principle at play is the importance of liquidity. Liquidity is the ease with which asset can be converted to cash. Maiko's asset has helped her to solve her financial issues she is experiencing after her job loss, therefore this shows the importance of liquidity.
Inventory turnover = Cost of goods sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($20,000 + $40,000) / 2
= $30,000
Inventory turnover = $360,000 / $30,000
= 12 times.
Answer:
A. choosing installment plans for both items
Explanation:
on edge
Answer:
Correct answer is (E) incubation
Explanation:
Incubation stage of the process of gathering information about a creative work or an idea. It is a second stage in creative process where one reflect upon the preparation stage and allow the creative process to continued. It involves using high mental ability to combine thought elements that are stimulated at one point in time.
Answer:
$4,265.55
Explanation:
Future value = $120,000
Interest rate (i) = 5%
Annual deposit = ?
Time period (n) = 18 year
Since deposit are to be made at the beginning of each year, hence the relevant factor table to be used is future value annuity due factor table.
Future value = Annual deposit x future value annuity due factor (i%, n)
120,000 = Annual deposit x FVADF (5%, 18period)
120,000 = Annual deposit x 28.13238
Annual deposit = 120,000/28.13238
=$4,265.547
=$4,265.55
