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storchak [24]
3 years ago
7

g Refer to the financial statements of Flathead Lake Manufacturing Company. The firm's inventory turnover ratio is _________. (P

lease keep in mind that when a ratio involves both income statement and balance sheet numbers, the balance sheet numbers for the beginning and end of the year must be averaged.)
Business
1 answer:
svlad2 [7]3 years ago
7 0

Answer:

The firm's inventory turnover ratio is <u>11.6</u>

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Consider the markets for three products below. Indicate which characteristics of a competitive market are met by these markets.
Orlov [11]

Answer:

Market : Gasoline

b. Standardized good

c. Full information

e. Participants are price takers.

Market : Barbershop haircuts

a. Large number of buyers

c. Full information

Market : Bicycles

a. Large number of buyers

b. Standardized good

c. Full information

d. No transaction cost

Explanation:

The three markets will have different characteristics which will cause the competition. The Gasoline market has standardized product and the customers are price takers. Usually the prices are fixed for the products and there is no bargaining.

7 0
3 years ago
When Federal Reserve Banks purchase government from commercial banks, they increase the reserves in the banking system, which th
Arte-miy333 [17]

When Federal reserve banks purchase government securities from commercial banks, they increase the reserves in the banking system and they also increase the lending ability of the commercial banks.

If the Federal reserves want to increase the reserves, what they do is to buy securities. They then make a deposit to the account held at the commercial bank.

An example is if the Feds should buy securities of 1000 dollars, the bank would be having an excess of 1000 dollars to lend.

Read more on brainly.com/question/13068941?referrer=searchResults

4 0
2 years ago
A company produces a single product. Variable production costs are $12.90 per unit and variable selling and administrative expen
Scrat [10]

Answer:

$10,965

Explanation:

Computation for the dollar value of the ending inventory under variable costing

First step is to find the Units in ending inventory

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced−Units sold

Let plug in the formula

Units in ending inventory= 0 units + 4,900 units−4,050 units

Units in ending inventory = 850 units

Last step is to find the Value of ending inventory under variable costing

Using this formula

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

Let plug in the formula

Value of ending inventory under variable costing= 850 units × $12.90 per unit

Value of ending inventory under variable costing = $10,965

Therefore the dollar value of the ending inventory under variable costing would be $10,965

6 0
3 years ago
Someone who is applying for a loan from a bank can expect the bank to A investigate the person's parents to see if they were fin
Korolek [52]

Answer:

B. Check the person's credit history to make sure he or she pays debts on time.

Explanation:

Applying for a loan from a bank is when a person wants to borrow money from the bank for his personal requirements. This is also one of the ways a bank does business, incurring interest while also 'helping out' a person in need.

One factor that banks take into consideration for approving a loan to a person is checking the credit history of that person. This means that the bank will investigate the person's credit score and how often he pays his credit bills. Depending on the pattern of the payment, a bank will be able to understand the dependability of the person for a loan's payment.

Thus, the correct answer is option B.

8 0
3 years ago
Suppose the larger firm of a duopoly has sales of $900 million and the smaller firm has sales of $100 million. The market share
astra-53 [7]

Answer:

The correct answer is 90%

8 0
1 year ago
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