Answer and Explanation:
The computation is shown below;
For Year 1
Average inventory = (Beginning inventory + Ending inventory)÷ 2
= ($64,000 + $80,000) ÷ 2
= $72,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $606,000 ÷ 72,000
= 8.4 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 8.4
= 43.5 days
For Year 2
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($80,000 + $72,000) ÷ 2
= $76,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $500,800 ÷ 76,000
= 6.6 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 6.6
= 55.3 days
Increase price value profit becomes higher than price, what happens to a company
Answer: 16 Banana's or 8 Apples
Explanation:
Budget constrain is a mathematical expression which shows us the quantity of goods that can be purchases at given prices and income. Since, income of the consumer is limited, he must allocate his consumption in a way that he can buy maximum goods at the given prices.
The budget constrain faced by the person is
If the person spends all his income on Apple's, he buys
= 8 Apples
If the person spends all his income on Banana's, he buys
= 16 Banana's
Answer:
$169 million
Explanation:
To calculate the cash flow from operating activities we must start with the net income:
net income $140 million
plus patent amortization $1 million
plus decrease in accounts receivable $9 million
plus depreciation expense $20 million
<u>minus decrease in salaries payable ($1 million) </u>
cash flow from operating activities $169 million
Answer:
business is any activity carried out by an individual or an organisation with an aim of making profit
Explanation:
business serves several purposes
- Raises the standard of living
- Creates employment directly and indirectly
- Earns revenue for a country
- etc
