Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week averages $3 million in sales (at cost). their inventory turnover is 10.2 turns.
Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.
Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.
Inventory turnover quantifies how frequently a business can replenish the stocks it has sold during a specific time period. A slower ratio suggests either strong sales or insufficient inventory, while a quicker ratio suggests either weak sales or high sales.
The industries with the largest inventory turnover rates tend to be those with low margins and high volumes, like supermarkets and merchants.
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Answer:
Annual cost per mile of operating a car=$0.409 per mile
Explanation:
Step 1: Calculate the total cost of gas and other associated cost
Total cost of gas=price per gallon×number of gallons consumed
where;
price per gallon=$ 2.79
number of gallons consumed=24
replacing;
Total cost of gas=(24×2.79)=$66.96
Additional costs=Annual depreciation+interest+insurance+license+
repairs/oil+parking
where;
Annual depreciation=$2,500
interest=$650
insurance=$680
license=$65
repairs/oil=$370
parking=$498
replacing;
Additional costs=(2,500+650+680+65+370+498)=$4,763
Total costs=total gas cost+additional cost=(66.96+4,763)=4,829.96
Total annual operating cost=$4,829.96
Annual cost per mile=Total annual operating costs/number of miles driven
Annual cost per mile=4,829.96/11,800
Annual cost per mile=$0.409 per mile
*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.
<h3>What is a subscription agreement for a limited partnership?</h3>
The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.
<h3>What does the general partner's signature on the subscription agreement mean?</h3>
The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.
<h3>What is a recourse note in a limited partnership?</h3>
Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.
A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.
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Answer:
capital gain tax liability
Explanation:
Capital gain tax is defined as the type of tax that is paid when the owner of an investment or asset makes a profit from its sale.
For example when the assets are sold for more than the book value but less than the original purchase price, there is a profit made that is called capital gain.
The tax applied to this capital gain is called capital gain tax liability.
Your answer would be, The <ol> and </ol> tags must be at the start, and end of an ordered list.
<OL> and </OL>
Hope that helps!!! Hope that was one of the choices given, since you haven't put any choices, so I'm guessing.
Hope that helps!!!! ( Answer: <ol> and </ol> )
