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Elanso [62]
3 years ago
12

Tinker's cost of goods sold in the year of sale (2019) was $790,000 and 2018 cost of goods sold was $810,000. The inventory at t

he end of 2019 was $192,000 and at the end of 2018 the inventory was $212,000. Tinker’s average number of days to sell its inventory during 2019 is closest to: (Use 365 days a year. Do not round intermediate calculations.)
Business
1 answer:
gladu [14]3 years ago
6 0

Answer:

91 days

Explanation:

Here, we are to calculate the average number of days it will take to sell its inventory in 2019.

We proceed mathematically as follows;

Inventory turnover=COGS/Average inventory

Average inventory=(192,000 + 202,000)/2=$197,000

hence inventory turnover=(790,000/197,000)= 4.01

hence average days to sell=365/4.01 =91 days (approx)

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The Parent taxpayer is entitled to the earned income credit

<u>Explanation:</u>

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The EITC benefits low to reasonable-income parents but offers very little assistance to workers without eligible children (often referred to as childless workers). Income tax credit (EITC). Workers earn a loan up to a limit of one percent of their income.

8 0
3 years ago
Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of?
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Expansionary monetary policy is usually has real expansionary short-run effects. as prices adjust, the long-run impact of inflationary effect.

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Expansionary policy can involve significant costs as well as the risks which includes macroeconomic or microeconomic, and political economy issues.

To know more about expansionary policy here:

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4 0
1 year ago
Lee is considering buying one of two newly-issued bonds. Bond A is a twenty-year, 7.5% coupon bond that is non-callable. Bond B
vova2212 [387]

Answer:

Multiple choices below are missing:

A) purchase Bond A

B) purchase Bond B

C) purchase neither A nor B at this time

D) negotiate a higher rate on Bond A

The correct option is A,purchase bond A.

Explanation:

By purchasing Bond A,Lee is assured interest payment of 7.5% for a period of twenty years,hence the issuer cannot call the bond if interest rate drops by 2% in order to issue a lower interest-bearing bond which would be cheaper cost-wise.

However, if Lee purchases Bond B with current coupon of 8.25%,the interest is only guaranteed for a period of two years,since the issuer has the prerogative of calling back the bond after two years should interest fall in order to issue another bond that commands lower interest rate.

6 0
3 years ago
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a comp
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The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.

Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
3 0
3 years ago
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Alexandria has gone to the store to shop for a new backpack. She looks for the same brand she has always bought in the past but
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Answer:

The correct answer is aesthetic.

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In this case, Alexandria has noticed a change in the design, which may affect your purchase decision, because you may have preferences towards a specific color.

4 0
3 years ago
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