Relatively Fixed Individual Differences is the Intelligence, ability, personality, core self evaluations (self esteem, self efficiency...) managers have little impact on these.
Answer:
d. 6.0 times
Explanation:
The calculation of inventory turnover ratio is shown below:-
Inventory turnover ratio = Cost of goods sold ÷ Average inventory
= Cost of goods sold = Sales revenue - Gross profit
= $1,800,000 - $600,000
= $1,200,000
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($160,000 + $240,000) ÷ 2
= $400,000 ÷ 2
= $200,000
Inventory turnover ratio = Inventory turnover ratio ÷ Average inventory
= $1,200,000 ÷ $200,000
= 6.0 times
Answer: $41,600
Explanation: The percentage of receivables method is used to evaluate the amount of bad debt the company can experience in future. Under this method, the bad debt expense is the difference between the ledger balance and the actual balance of bad debt expense.
In the given case, we can calculate it as follows :-
Bad debt expense = estimated uncollectible accounts - allowance
= $47,000 - $5,400
= $41,600
