Answer:
The days' inventory outstanding was 107.35 days
Explanation:
The days' inventory outstanding indicates how many days on average a company turns its inventory into sales. Days' inventory outstanding is calculated by using the following formula:
Days' inventory outstanding = (Average inventory / Cost of goods sold) x 365 days
In there,
Average inventory = (Beginning Inventory for the year + Ending Inventory for the year)
/2
In Carey's Department Store,
Average inventory = ($4,000,000 + $6,000,000)/2 = $5,000,000
Days' inventory outstanding = ($5,000,000/$17,000,000)x365 = 107.35 days
Answer:
Loss on sale = $38,000
Explanation:
The computation of sale of tractor is shown below:-
Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000
= $72,000
Net book value on January 1, 2021 = Tractor cost - Total depreciation
= $180,000 - $72,000
= $108,000
Loss on sale = Total depreciation - Net book value on January 1, 2021
= $70,000 - $108,000
= $38,000
Therefore for computing the sale of tractor we simply applied the above formula.
B) voice because in the democracy it is for the people so the people's voice are heard
Answer:
Option (A) is correct.
Explanation:
If it contracts with a private firm, for 1st contract,
profit = [(2 × 0.25) + (1 × 0.4) - (1 × 0.35)]
= 0.55 million dollars
If it contracts with the government, or second contract
,
profit = ($4 × 0.4) - ($2.5 × 0.6)
= 0.1 million dollars
Therefore, it is clear from the above calculations that the contract with a private will offer more profit as compared to the contract with the government.
