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Ulleksa [173]
3 years ago
12

The Up-Towner has sales of s913,400, costs of goods sold of $79,300, inventory of $187400, take the firm to sell its and account

s receivable of $78,900. How many days, on average, does it inventory assuming that all sales are on credit?A) 118.08 daysB) 84.69 daysC) 106.46 daysD) 74.19 daysE) 121.07 days
Business
1 answer:
artcher [175]3 years ago
8 0

Answer:

862.56 days

Explanation:

Given that,

sales of = $913,400,

costs of goods sold = $79,300,

inventory = $187400,

Accounts receivable = $78,900

Cost of goods sold per day:

= Cost of Good Sold ÷ 365 days in a year

= $79,300 ÷ 365

= $217.26

Inventory Days:

= Inventory ÷ Cost of goods sold per day

= $187400 ÷ 217.26

= 862.56 days

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You are considering the purchase of an office building for $1.5 million today. Your expectations include the following: first-ye
ddd [48]

Answer:

$289000

Explanation:

Effective Gross Income (EGI): Effective Gross Income is calculated by deducting the Vacancy and collection (V&C) loss from Gross Potential Income (GPI).

First year gross potential income (PGI) is $340,000

Vacancy and collection (V&C) loss is 15% of gross potential income

Therefore, (V&C) allowance = [$340,000 15%]

= $51,000

Calculate Effective Gross Income (EGI) for the first year of operations:

Item

Amount

Potential gross income (PGI)

$340,000

Less: V&C allowance (at 15% of PGI)

($51,000)

Effective Gross Income ( EGI )

$289,000

Hence the EGI is $289,000

7 0
3 years ago
What are some advantages of interactive media ? Give example. <br> Tks all &lt;3
Helen [10]

i think interactive media is almost every social media but im not 100% sure

4 0
2 years ago
Read 2 more answers
After an hour on the expressway, your passengers need to use the restroom and they want to get some food. As you approach the ne
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The sign will be blue and it will have food places on it like Mc Donalds and Subway. Those food places will have a restroom so you would just follow the signs direction to that food place.

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5 0
2 years ago
Weiss Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors have
MariettaO [177]

Answer:

Proposal A:  $185,714.29

Proposal B: $160,000

Explanation:

Giving the following information:

$10,000 for installations to be completed.

The revenue generated by each unit is $ 20.00

Proposal A:

Fixed costs= 55,000

The variable cost is $13.00

Proposal B:

Fixed costs= 70,000

The variable cost is $10.00

Break-even point (dollars)= fixed costs/ contribution margin ratio

Proposal A: (55,000+10,000)/[(20-13)/20]= $185,714.29

Proposal B: (70,000 + 10,000)/[(20-10)/20]= $160,000

5 0
3 years ago
To achieve gains from trade, each nation should specialize in the production of a good or service if:
irinina [24]

Answer:

A

Explanation:

A country gains from trade if it specialises in the production of the good for which it has a comparative advantage

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

3 0
2 years ago
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