Departmental income can be considered the contribution of revenues to profits because it is computed after deducting the direct costs of providing the service or product. Subtracting all of the undistributed operating expenses from total revenues results in gross operating profit per available room (GOPPAR).
Answer:
Annual average inventory in days (no of times) = 1.5 times
Explanation:
<em>Annual inventory turn over is the average length of time it takes for inventor to be sold and replaced.</em>
<em>Average inventory turnover = average inventory/ cost of sold × 365</em>
<em>Average inventory turnover (in No of times) = C</em>ost of sold sold /average inventory
Cost of goods sold
= (1000/2000) × 60 million
= $30 million
Closing Inventory = $20 million
Annual average inventory
= $20/ 30 × 365 days
= 243.days
Annual average inventory
= cost of sold sold /average inventory
=30/20
= 1.5 times
Annual average inventory in days = 243.days
Annual average inventory in days (no of times) = 1.5 times
The correct answer is C. Time draft
Explanation:
In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.
Answer: 30.3%
Explanation:
Because taxes are not paid on municipal bond interest, their interest rates are usually lower with the difference accounting for the taxes paid.
For a municipal bond to be similar to a corporate bond, the tax rate must be such that it makes them equal:
Municipal bond return = Corporate bond return * (1 - tax rate)
5.75% = 8.25% * (1 - tax)
1 - tax rate = 5.75% / 8.25%
1 = 0.6969697 + Tax rate
Tax rate = 1 - 0.6969697
= 30.3%
Answer:
Following is attached the solution for each part of the question.
I hope it will help you a lot!
Explanation:
