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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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David wants to open a new gymnasium with state-of-the-art equipment and qualified trainers. However, he can only afford either o
Nesterboy [21]

Answer:

Too little money                          

Explanation:

In the given case, David wanted to have all required resources and he also had complete knowledge of it. However he could not get them properly due to his budget constraints which lead to shut down of his business.

This case clearly depicts the problem of too little money as the risk of failure was not mentioned as such. Also the business David was willing to open was not relate to any chemical or defense industry so there was not much regulatory burden.

8 0
3 years ago
For each of the following products, indicate whether you believe demand will be relatively price elastic or relatively price ine
insens350 [35]

Answer:

Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.

Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.

8 0
3 years ago
If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stre
Dafna1 [17]

If the midlands pencil corporation has issued several different debt securities, an investor would expect the lowest income stream from <u>convertible debentures.</u>

Convertible bonds have many positive attributes for investors, but the main drawback is that investors accept lower interest rates in exchange for these benefits.

Convertible debentures are fixed rate debentures that pay interest but can be converted into a specified number of ordinary shares or shares. Conversion of a bond into equity may occur at certain times during the life of the bond and is generally at the discretion of the bondholder.

Due to this logic, a convertible bond allows the issuer to indirectly sell its common stock at a price higher than its current price. From a buyer's perspective, convertible bonds are attractive because they offer the opportunity to capture the potentially high yields associated with equities, but also the security of bonds.

Learn more about bonds here brainly.com/question/9817093

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3 0
1 year ago
PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!!!!!!!!!!
pav-90 [236]

Answer:

Hola Amigo! Here's ur answer :D

Explanation:

The equilibrium price is the only price where the desires of consumers and the desires of producers agree—that is, where the amount of the product that consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied).

Happy to Help!

3 0
3 years ago
The selling concept is typically practiced with ________.A) industrial productsB) unsought goodsC) specialty productsD) convenie
zvonat [6]

Answer:

B) unsought goods

Explanation:

The selling concept -

The concept of selling tells that the consumers will not buy enough any  product of any firm unless and until  it undergoes some  large - scale selling and promotional efforts .

This concept is used for unsought goods , the goods  those which the buyers do not normally think of buying , example insurance .

7 0
3 years ago
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