Answer:
Inventory turnover in days = 43.59 days
Inventory turnover (No of times)= 8.37 times
Explanation:
<em>Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.</em>
Inventory turnover in days
= Average inventory /Cost of goods sold × 365 days
<em>Average inventory = (Opening Inventory + closing inventory)/2</em>
<em>Average inventory </em>
= (21,000 + 22,000)/2
= 21,500
<em>Inventory turnover in days</em>
(21,500/180,600) × 365 days
=43.597 days
Inventory turnover (No of times )
= Cost of goods sold/Average inventory
= 180,600/21,500
= 8.37 times
Answer:
$24
Explanation:
Calculation for the amount that the bondholders
will paid in the case of a recession
Using this formula
Amount to be paid by Bondholder=Decreased in cash flow- Legal and other fees
Let plug in the formula
Amount to be paid by Bondholder = $54 − $30
Amount to be paid by Bondholder= $24
Therefore the amount that the bondholders will paid in the case of a recession is $24
Answer:
Differences in abilities and talents
Explanation:
Income inequality refers to variation or discrepancy between income levels of individuals. Income inequality arises on various accounts one of which being, difference in abilities and talents.
All individuals possess different skill sets and their efficiencies vary too. Some individuals are more creative and talented than others while some are more laborious and hardworking.
Each skill set has it's own demand and thus, income is fixed as per the demand of a particular skill set for a given sector.
This leads to some earning lot more than others and differences in pay scales as per the abilities individuals possess.
Answer:
The journal entry is as follows:
Cash A/c Dr. $ 25,437.50
To Notes Receivable A/c $25,000
To Interest revenue A/c $437.50
(To record the collection of the note and interest at maturity)
Working notes:
Interest for 90 Days:
= Note value × Interest rate × Time period
= $25,000 × 0.07 × (90/360) days
= $437.50
Answer:
False
Explanation:
QFD is the process by which the opinions or wants of customers are used to create products that meets the needs f consumers
