Answer:
$340,000
Explanation:
A sunk cost is a cost that has already been incurred and cannot be affected by any decision that someone makes. E.g. once you pay an expense like rent, the cost will not be recovered or altered by any decision that you make. Sunk costs is simply money that has been spent and cannot be recovered.
A market for existing financial securities that are currently traded among investors is called the Secondary market.
A secondary market is a market for the purchase and sale of existing securities or other assets. They differ from primary markets, where the assets were created. Generally, most investors will only trade on secondary markets.
Transactions in the secondary market are undertaken with other investors rather than the security issuer. The procedure is comparable to buying products from the classifieds or a used car from a dealership rather than the manufacturer.
Stocks and bonds purchased in a retirement plan or through a brokerage account, for example, are traded on secondary markets.
Assume you have two portfolios: one through an employee stock ownership plan and the other through a discount brokerage. The main market transaction occurs when you purchase stock directly from the corporation, like in the first plan. It is a secondary market transaction when you buy in a discount brokerage account through stock exchanges.
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Answer:
D. Cash 8,000 Accounts Receivable 8,000
Explanation:
Answer:
2.08 times
Explanation:
The computation of the inventory turnover ratio is shown below:
Inventory turnover ratio would be
= Cost of goods sold ÷ average inventory
where,
Cost of goods sold = Sales × cost of goods sold percentage
= $792,590 × 77%
= $610,294.30
As we know that
Cost of goods sold = Sales - gross profit
= 100 - 0.23
= 0.77
We assume the sales to be 100
So, the ratio would be
= $610,294.30 ÷ $293,110
= 2.08 times