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igomit [66]
3 years ago
9

The following information was available for the year ended December 31, 2013: Net sales $ 803,000 Average accounts receivable fo

r the year $ 38,700 Cost of goods sold 598,600 Accounts receivable at year-end 30,800 Average inventories for the year 162,000 Inventories at year-end 157,450 Required: a. Calculate the inventory turnover for 2013. (Round your answer to 2 decimal places.)
Business
1 answer:
WARRIOR [948]3 years ago
8 0

Answer: 3.70  

Explanation: Stock turnover can be calculated using following formula :-

stock\:turnover\:ratio=\frac{cost\:of\:goods\:sold}{average\:stock}

where,

cost of goods sold =598,600

average stock = 162,000

now, putting the values into equation above, we get :-

stock\:turnover\:ratio=\frac{598,600}{162,000}

                                           = 3.70

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Deadweight loss is a type of economic inefficiency when a good or service is not at its economic equilibrium (where supply equals demand). This loss may be experienced because of a tax or subsidy, or because of market power, such as a monopoly. Economists refer to deadweight loss when they want to show the negative effects of certain policy decisions that are less than optimal. 
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Suppose farmers in a given market can either grow soy beans or corn on their land. In addition, suppose an increase in the deman
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Answer:

switch away from growing soy beans and growing corn

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if the price of corn increases,it would be an incentive for farmers to increase their production of corn so as to increase their profits.

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A bond that is initially sold primarily in countries other than the country of the currency in which the issue is denominated is
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International bond that is sold primarily in countries other than the country of the currency in which the issue is denominated.

<h3 /><h3>What is Eurobond?</h3>

A Eurobond is a debt instrument that's denominated in a currency other than the home currency of the country or market in which it is issued.

Eurobonds are frequently grouped together by the currency in which they are denominated, such as Eurodollar or Euro-yen bonds.

Eurobonds are the bonds denominated in a currency other than that of the country in which they are issued.

A bond denominated in Japanese Yen and issued in the UK, or a bond denominated in US dollars and issued in France or the UK are examples of Eurobonds.

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5 0
1 year ago
A homeowner hired a contractor to finish her basement. They agreed on a price of $20,000 for the job. During the final stages of
Anestetic [448]

The inference is that the contractor will prevail because the homeowner agreed to the price increase.

<h3>What is an inference?</h3>

It should be noted that an inference simply means the conclusion that can be deduced based on the information given.

In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.

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4 0
2 years ago
Lloyd is the chief financial officer (CFO) for a firm that uses Incentive stock options (ISOs) as part of its executive compensa
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Answer:

the gross pay of Lloyd is $6,250

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The computation of the gross pay is shown below:

= Amount received annually ÷ number of months

= $150,000 ÷ 24

= $6,250

Hence, the gross pay of Lloyd is $6,250

we simply applied the above formula so that the correct value could come

The other things would be irrelavant

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