On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandi
se and recorded sales of $4,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2017? a. $800,000.
I would say that if the manager was consulted on the budget then he/she couldn't complain that it was unrealistic and impossible to meet and if they had any problems with it then they should have spoken up when the budget was being formulated.
Raw Material Turnover means what amount of raw materials is used within a specific period of time. So the raw material turnover would be calculated by adding the beginning inventory with the amount of material used within the period, and then the remaining material will be deducted. So the whole calculations are shown as follows:
Beginning Raw Material Inventory: $5000
Raw Material Used: $71500
Ending Raw Material Inventory: $6000
Raw Material Inventory Turnover:
Beginning Inventory + Raw Material Used - Ending Raw Material
A shortage in the marketing occurs if the quantity demanded is larger than the quantity supplied. If a shortage exists in a market, the natural tendency is for the price to increase. Gas is a great example if price increases when there is a shortage within the market. Whenever there is a shortage in gas we often see the price of gas driving upwards of cents to dollars more per gallon. This happens because the market is aware that even with the increase in price, people still need purchase gas to live daily life. Therefore, as it's rising in price, people are still purchasing and likely it will keep climbing for a little while.
<span>The loan that requires a student to pay the interest they accumulated during college is called <u>an unsubsidized loan.</u> There are also Federal unsubsidized loans. They are charged interest on these loans while the student is in school and also during a grace period. The student who borrows the money can choose to pay the interest every month or choose to have it put on the outstanding principal of the unsubsidized loan. Many colleges will tell the students to make a all to their loan service and set up an interest payment account.</span>