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aksik [14]
3 years ago
10

Compute New Home​'s inventory turnover rate for the year.​ (Round to two decimal​ places.) Select the labels and enter the amoun

ts to compute the inventory turnover rate.
Business
1 answer:
olasank [31]3 years ago
7 0

Answer:

Inventory Turnover Ratio = 7.43 times

Explanation:  Due to missing data following assumptions have been taken:

<u>Assumptions</u><u>:</u>  Sales Value: $600,000

                        Gross Profit: $80,000

                        Opening Inventory: $ 60,000

                        Closing Inventory: $80,000

Inventory Turnover Ratio = \frac{Cost\ Of\ Goods\ Sold}{Average\ Stock}

Cost Of Goods Sold = Sales - Gross Profit = $600,000 - $80,000 = $520,000

Average Stock = \frac{OS +\ CS}{2}

WHERE, OS = Opening Stock

              CS= Closing Stock

Average Stock = $70,000

Inventory Turnover Ratio = \frac{520,000}{70,000} = 7.43 times

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Nichols Enterprises has an investment in 250 bonds of Elliott Electronics that Nichols accounts for as a security available for
abruzzese [7]

Answer:

securities available for trade: 250,000

Explanation:

The investment will be trade at market value. which is 1,200

Nichols cannot set the price of an assetat his own will. If possible a company will do it to increase his assets and look more solid than it is.

To evaluate the bonds at 1,200 the market price will need to be at 1,200

Currently the price third parties gives the security is 1,000 so it should carry the investment  at

250 bonds x 1,000 market value = 250,000

4 0
3 years ago
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
mr_godi [17]

Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

S = \$10-\$8\\S=\$2\ billion

Therefore, the answer is alternative b.

6 0
3 years ago
In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.
Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

While the market for lettuce sells identical items, there are many buyers and sellers

7 0
3 years ago
A restaurant offers a catering service which costs $19.50 per person with a $91.75 service charge. For parties of 70 or more peo
Mariulka [41]

Answer:

1. T=19.5n+91.75, where n<70

2. T=15n+45, where n≥70

Explanation:

1. The first linear function can be expressed as;

Total cost of catering services=(Cost per person×number of people, n)+Service charge

where;

Total cost of catering services=T

Cost per person=$19.50

Number of people=n

Service charge=$91.75

Replacing;

T=(19.5×n)+91.75

T=19.5n+91.75

The first equation: T=19.5n+91.75, where n<70

2. The second linear function can be expressed as;

Total cost of catering services=(Cost per person×number of people, n)+Service charge

where;

Total cost of catering services=T

Cost per person=$15

Number of people=n

Service charge=$45

Replacing;

T=(15×n)+45

T=15n+45

The second equation: T=15n+45, where n≥70

4 0
3 years ago
A web interface which represents integrated personalized business content delivered to senior managers is
Annette [7]

Answer:

Web portal

Explanation:

A web portal, simply called a portal, is a specifically designed website that provides specific and relevant information to its users. The information is accessed from a single interface. A portal serves as a reference point or a collection of categorized content.

In an organization, a web portal can be designed to present content relevant to senior managers only. The portal allows the senior managers to search, navigate and apply content relevant to their duties from a single interface point

3 0
3 years ago
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