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Liono4ka [1.6K]
3 years ago
5

WILL GIVE BRAILIEST

Business
1 answer:
Korvikt [17]3 years ago
5 0
C. Current status and intermediate goals
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Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

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) Offensive strategic moves involve all of the following except 38) A) pursuing continuous product innovation to draw sales and
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Which would be considered liabilities ? Check all that apply
levacccp [35]
House, car, money you have saved in the bank. Basically anything valuable.
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3 years ago
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A company investing borrowed funds expects to earn a return greater than the interest it will pay for the use of funds is using
Naddika [18.5K]

Answer:

Financial leverage

Explanation:

Financial leverage is defined as the use of borrowed funds to perform a business activity or investment that is expected to have higher returns than the cost of borrowing the money (interest).

When a company is looking for funds for its activities there are 3 options they can use: equity, debt, or lease.

Use of equity is the only option where no extra cost is incurred for use of funds.

When using debt or lease cost of use is incurred. The business will need to engage in an activity that will give it revenue above cost of debt.

This practice is called use of financial leverage.

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3 years ago
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