Explanation:
I don't understand the question. Maybe elaborate more.
Answer:
$15 million
Explanation:
Data provided in the question:
Inventory turn ratio = 60
Annual sales = $50 million
Average inventory = $250,000
Now,
we know,
Inventory turn ratio = ( Cost of goods sold ) ÷ ( Average inventory )
thus,
60 = ( Cost of goods sold ) ÷ $250,000
or
Cost of goods sold = 60 × $250,000
or
Cost of goods sold = $15,000,000 or $15 million
<span>I have not been an appointee of employee of any regulator at any point in the past two years. I have worked as an independent contractor for a computer company for the last 5 years. Since a regulator company is one that usually involves systematic schemes and benefits to the employee, my emoployer would not fall into the category.</span>
The amount by which Alex's deposit amount vary from Javier's if Alex also makes a deposit today, but earns an annual interest rate of 6.2 percent is $3381.39.
<h3>
How to calculate the value?</h3>
We use the formula:
A=P(1+r/100)^n
where
- A=future value
- P=present value
- r=rate of interest
- n=time period.
Hence future value Javier will be:
=$15000*(1.052)^27
=$58,954.40
For Alex:
58,954.40=P*(1.062)^27
P=58,954.40/(1.062)^27
=$11618.61
Hence difference will be:
=15000 - 11618.61
= $3381.39
Learn more about interest on:
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Answer:
$750
Explanation:
The formula for determination of beginning inventory is given below:
Cost of goods sold=opening inventory+purchases-closing inventory
Cost of goods sold=$2,000
Purchases=$2,250
closing inventory=$1,000
Opening inventory=Cost of goods sold+closing inventory-purchases
=2,000+1,000-2,250
=$750
