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Evgesh-ka [11]
2 years ago
8

(b) A company had an average inventory last year of $208,000 and its inventory turnover was 6. If sales volume and unit cost rem

ain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year
Business
1 answer:
RUDIKE [14]2 years ago
7 0

Answer: 156000

Explanation:

The average inventory during the current year would be calculated as follows:

Inventory Turnover Ratio = Cost of goods sold / average inventory

where,

Inventory turnover = 8

Cost of goods sold = $208,000 × 6 = $1,248,000

Average inventory = Unknown

Therefore, 8 = 1248000 / Average inventory

Average inventory = 1248000 / 8

Average inventory = 156,000

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The stockholders’ equity section of Pretzer Corporation consists of common stock ($10 par) $2,650,000 and retained earnings $532
CaHeK987 [17]

Answer:

A. $2,650,000 $3,312,500

B.$532,000 $291,500

C.$10 $10

Explanation:

Before Dividend After Dividend

(a)Stockholders’ equity

Paid-in capital

Common stock, $10 par

$2,650,000 $2,915,000

In excess of par value $106,000

Total paid-in capital

$2,650,000 $3,021,000

Retained earnings

$532,000 $291,500

Total stockholders’ equity

$3,182,000 $3,312,500

(b)Outstanding shares

$265,000 $291,500

(c)Par value per share

$10 $10

10×$26,500=$265,000

$2,650,000+$265,000=$2,915,000

$14×$26,500=$371,000-265,000

=$106,000

$265,000+$26,500=$291,500

8 0
3 years ago
Which of the following is a true​ statement? A. Adverse selection occurs after a transaction has taken place in insurance market
Salsk061 [2.6K]

Answer:

C

Explanation:

FDIC gives insurance to depositors. it promises to pay  back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.

Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.

8 0
3 years ago
Streetlore, a footwear manufacturing company, makes business and casual
bulgar [2K]
It has to be the product chain
4 0
3 years ago
The fees for investor services and newsletters generally range from ____________ per year.
quester [9]
<span>They range from $30 to $750 a year. Investor services assist people with transactions, safekeeping for assets, manage collateral, and help with financial investment activities. These services can help a person or business reduce the costs that they are paying out and assess their financial risks.</span>
6 0
3 years ago
Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance
asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.  

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

5 0
3 years ago
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