Answer:
Option B : 0.64
Explanation:
Inventory Turnover 2016 = COGS÷ Average Inventory
Inventory Turnover 2016= 7,204,884 ÷ Average Inventory
Average Inventory = <u>Opening Inventory + Closing Inventory</u>
2
Average Inventory = <u>11,970,656 + 10,632,462</u>
2
Average Inventory = 11,301,559
Inventory Turnover 2016 = 7204884 ÷ 11301559
Inventory Turnover 2016 = 0.64
Most agency matters are resolved through adjudication.
<u>True</u><u>.</u>
Answer:
$131,000
Explanation:
The computation of the amount of quick assets is shown below:
Quick asset = Account Receivable + Cash + marketable securities
= $65,000 + $30,000 + $36,000
= $131,000
We simply added the account receivable, cash and the marketable securities so that the quick assets could come plus it contains more liquidity that converted into cash in a very short period of time and the rest of the items are ignored as there are not relevant
Answer:
The correct answer is Spot market.
Explanation:
The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.
In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.
