Answer:
The answer is "12.7"
Explanation:
In the question the correct choice is missing so, its correct solution can be defined as follows:
Following are the formula for calculating the "Average Inventory":
Formula:
![\therefore \text{Inventory Turnover} = \frac{ \text{Cost of Goods Sold}} { \text{Average Inventory}}\\\\\\\because \text{Average Inventory} = \frac{ \text{Cost of Goods Sold}} {\text{Inventory Turnover}}](https://tex.z-dn.net/?f=%5Ctherefore%20%5Ctext%7BInventory%20Turnover%7D%20%3D%20%20%5Cfrac%7B%20%5Ctext%7BCost%20of%20Goods%20Sold%7D%7D%20%7B%20%5Ctext%7BAverage%20Inventory%7D%7D%5C%5C%5C%5C%5C%5C%5Cbecause%20%20%5Ctext%7BAverage%20Inventory%7D%20%3D%20%5Cfrac%7B%20%5Ctext%7BCost%20of%20Goods%20Sold%7D%7D%20%7B%5Ctext%7BInventory%20Turnover%7D%7D)
![=\frac{\$ \ 77}{ 6.05}\\\\=12.7\\](https://tex.z-dn.net/?f=%3D%5Cfrac%7B%5C%24%20%5C%2077%7D%7B%206.05%7D%5C%5C%5C%5C%3D12.7%5C%5C)
This answer was deleted by a Brainly Staff Member for violating our Terms of Service.
Answer: E) A's expected dividend is $0.75 and B's expected dividend is $1.20
Explanation:
Using the Gordon growth model, you can calculate the expected dividend. The formula is:
Price = Expected dividend/ (expected return - expected growth)
Stock A expected dividend
25 = D/ (10% - 7%)
D = 25 * 3%
= $0.75
Stock B expected divided
40 = D / (12% - 9%)
D = 40 * 3%
= $1.20
Option A, C and B are therefore wrong.
Option E is correct.
Answer:
d. $249,000
Explanation:
cost of goods available for sale
= $45,000 + $195,000 - $6,000 + $15,000
= $249000
Therefore, The cost of goods available for sale was $249000.
Answer:
The correct answer is C
Explanation:
Money is the term which is described as something which serves as exchange medium, store of value and a unit of accounting. It is a exchange medium in the terms, that the person will agree to receive it by making a transaction.
In short, when depositing the money into any financial institution like banks, then this states the store of value function of the money.
Therefore, the one which is not the function of money is that it has the operations in the open market.