Answer:
Yes, i do find myself buying items that are not useful for me at all, just buying them for fun. I would buy something which is useful and can last a long time with the money i saved. I hope this helped :)
Explanation:
Superclass...............................
Answer:
$4500
Explanation:
The Economic profit is the difference between the total revenue and the explicit and implicit cost.
Hence,
Economic profit = (Total revenue - explicit cost - implicit cost)
Explicit cost =$13500
Total revenue = $18,000
Since, implicit cost isn't given, implicit cost will be taken as zero
Hence,
Economic profit = ($18,000 - $13,500)
Economic profit = $4,500
Anything is possible if you believe!!!
Answer:
2.08 times
Explanation:
The computation of the inventory turnover ratio is shown below:
Inventory turnover ratio would be
= Cost of goods sold ÷ average inventory
where,
Cost of goods sold = Sales × cost of goods sold percentage
= $792,590 × 77%
= $610,294.30
As we know that
Cost of goods sold = Sales - gross profit
= 100 - 0.23
= 0.77
We assume the sales to be 100
So, the ratio would be
= $610,294.30 ÷ $293,110
= 2.08 times