The ratio of the increase in equilibrium real GDP to the increase in autonomous expenditure is named the multiplier. In addition, when the economy is at full occupation, the aggregate demand is equivalent to the aggregate source. In other words, the total amount of goods and services necessitated by consumers is equal to the total quantity of goods and services made by producers. The full employment GDP happens when the labor market is in balance. The autonomous expenditure is used to define the constituents of an economy aggregate expenditure that is not obstructed by that similar economy real level of revenue.
Answer:
16.42
Explanation:
Data provided in the question:
Cost of goods sold = $548,600
Beginning inventory of the year = $31,283
Ending inventory of the year = $35,538
Now,
the Inventory turnover ratio is calculated as;
⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )
Also,
Average inventory of the year =
=
= $33,410.5
Therefore,
Inventory turnover ratio = $548,600 ÷ $33,410.5
= 16.42
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<em />
<em>Hope this helps,</em>
<em>Miri</em>
Answer:
$1,369,200
Explanation:
Calculation for EBIT
Using this formula
Value of Equity= EBIT / WACC
Let plug in the formula
$16,300,000 = EBIT / .084
EBIT = .084($16,300,000)
EBIT = $1,369,200
Therefore EBIT is $1,369,200
Answer:
Explanation:
The T account is presented below:
Allowance for Doubtful Debts
Jan 29 $5,850 Jan 1 Beginning balance $54,200
Aug 9 $11,850 April 18 $4,000
Dec 31 $52,160 Nov 7 $7,000
Dec 31 Unadjusted
balance $4,660
Dec 31 Adjusting entry $64,660
Dec 31 Adjusted balance $60,000