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3 years ago

Using the information below, compute the raw materials inventory turnover:

Business

1 answer:

fredd [130]3 years ago

5 0

Answer:

The raw material inventory turnover is 9.2 times or 40 days

Explanation:

This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.

So RM inventory turnover = RM used/Average inventory

= 104,600/11,350*

= 9.2 times or 40 days**

* Average inventory = (9,900+ 12,800)/2

** (365/9.2) = 40 days

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Answer:

b. raised the price level, but decreased the value of gold in Cairo

Explanation:

In this case, its most likely that inflation would occur because there was a sudden influx of gold into the market thereby reducing the price level of goods because there will be an increase in demand, which if it exceeds supply will increase price. This would further reduce the value of gold in the market because of the unexpected arrival in the market.

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3 years ago

A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced cop

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Answer:

c.inadequate enforcement of property rights.

Explanation:

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3 years ago

Which firm is the oligopolist? Choose one: Firm A is in retail. It is one of the largest and most popular clothing stores in the

skelet666 [1.2K]

Answer:

Firm B is in the auto rental business. It is not the nation’s largest rental company, but significant barriers to entry enable it to serve customers across the United States more conveniently and at a lower price than local rivals.

Explanation:

For the given options we considered Firm B to be treated as the oligopolist as the firm nor its competitors would have the major impact over the market also there are entry & exit barriers from the market

So the firm B should be chosen as the oligopolist

Therefore the same should be considered and relevant

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3 years ago

P12-1 (Algo) Preparing a Statement of Cash Flows (Indirect Method) LO12-1, 12-2, 12-4, 12-6 Sharp Screen Films, Inc., is develop

love history [14]

Answer:

Explanation:

Sharp Screen Films, Inc.

Statement of Cash Flows

For the Year Ended December 31, Current year

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Net income $ 44,550.00

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense $ 14,450.00

Decease in accounts receivables $ 6,500.00

Increase in Inventory $ (5,350.00)

Decrease in accounts payable $ (10,200.00)

Decrease in wages payable $ (500.00)

$ 4,900.00

Net cash from Operating Activities $ 49,450.00

Cash flows from investing activities:

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Net cash from Investing Activities $ (58,450.00)

Cash flows from financing activities:

Repayment of notes payable $ (12,000.00)

Issue of Common stock $ 34,900.00

Dividends paid $ (12,050.00)

Net cash from Financing Activities $ 10,850.00

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3 years ago

Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are

lozanna [386]

Answer:

a. increase price in the short run but not in the long run.

Explanation:

The firms don't use resources that are available in limited quantities. So, as firm output increases, they can use resources in higher quantity but at the same price.

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4 years ago