Depot Max's inventory turnover for the year is 8.3
Given
Cost of goods sold = $56900
Begining Jovenstory = $6540
Ending Inventory = $7250 .
Average inventory = opening inventory + closing inventory / 2
= $6 540 + $-7250 / 2
Average inventory = $6895
cost of goods old
.: Inventory turnover = cost of goods sold / Average inventory
56900 / 6895
= 8. 252 times
He Depot Max's Inventory 8.3 times (approx ).
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Cash receipts put you at the least risk of identity theft. They contain absolutely nothing useful for those who would like to steal your identity and are completely anonymous.
Answer:Yes
Explanation:
Pooled data occur when there is a time series of different cross sections with each observations not necessarily from the same unit while Panel data is sample from the same units. The main difference between them is the "units". The units can be countries, households, schools or other things we are collating data on.
In pooled cross section, random samples from different time periods and from different units are taken e.g. we can take data on number of females and males in schools A, B and C in 2020 and schools X, Y and Z in 2023.
In pure panel data, we are using the same units e.g we can take data on genders in schools A, B and C in 2020 and collect data from the same schools in 2023. Therefore the main difference is just the units we observe.
