A company's sales are $500,000 and cost of goods sold is $420,000. Beginning and ending inventories are $24,000 and $32,000, respectively. How many times did the company turn its inventory over during this period? (Round your answer to one decimal place, X.X.)
A.15.0 times
B.3.3 times
C.2.9 times
D.17.9 times
Answers
The inventory turnover ratio is 15. That is, The company turned its inventory over 15 times during the given period.
The inventory turnover ratio is a measure of how efficiently a company is managing its inventory. It shows how many times a company's inventory is sold and replaced over a period of time. The formula to calculate inventory turnover ratio is:
Inventory turnover ratio = Cost of goods sold / Average inventory
Where average inventory is the average of beginning and ending inventories.
Using the given figures, we can calculate the inventory turnover ratio as:
Inventory turnover ratio = $420,000 / (($24,000 + $32,000) / 2) = $420,000 / $28,000 = 15 times (approx.)
Therefore, the company turned its inventory over 15 times during the given period.
The correct option is A) 15.0 times.
It is important to note that the inventory turnover ratio varies across industries, and a high or low ratio may not necessarily indicate good or bad performance.
In some industries, such as grocery stores, a high inventory turnover ratio is desirable as it indicates that the company is quickly selling its perishable inventory.
However, in other industries, such as luxury goods, a low inventory turnover ratio may be acceptable as it indicates exclusivity and scarcity.
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Related Questions
Using productivity software ensures that the end product will look professional.
Answers
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
props to the other dude, give them brainliest
You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answers
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
25. Which economic system best defines: Lowest amount of economic freedom:
A. Capitalism
B. Socialism
C. Communism
I only have these three answer choices.
Answers
Is cereal soup or no?
Answers
Answer:
no its a candy acid
Explanation:
MNCs from emerging markets (India, China, and Brazil) are beginning to challenge the dominance of developed country MNCs. What are some advantages that firms from emerging markets bring to their global business? How might MNCs from North America, Europe, and Japan respond to these challenges?
Answers
High growth potential is the main benefit of investing in emerging markets. MNCs from North America, Europe, and Japan should study the consumer response and act accordingly.
An emerging market is one that differs from the norms of an established market but exhibits some characteristics of that market (or an emerging country or an emerging economy). This includes markets that are developing presently or have done so in the past. Developing countries with less developed, riskier, or liquid capital markets than "emerging" markets are referred to as "frontier markets." Emerging market economies are those of developing nations that are growing and integrating more and more into global markets. Emerging market economies are those that have some of a mature market's characteristics but not all of them.
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Find the final discount date and the net payment date for an invoice dated June 14 with terms of 3/10, net 20.
The final discount date is
(Type whole numbers.)
Answers
According to the given data, the final discount date is June 24 and the net payment date is July 4.
What do you mean by final discount date?Discount date is the date that comes ten (10) days after the bill's due date, unless another date is specified in the contract. The discount date is the final day that net rates can be applied to water and/or sewer charges.
The time frame during which an invoice must be fully paid in order to receive a reduction in the amount owed is known as the discount period.
Here,
Calculation of the final discount date:
Final discount date = June 14 + 10 days
Final discount date = June 24
Calculation of Net payment date:
Net payment date = June 14 + 20 days
Net Payment date = July 4
Therefore, through the data, the final discount date is June 24 and the net payment date is July 4.
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How does “principal” relate to an auto/college loan?
Answers
The relation of “principal” to an auto/college loan is given below:
What is principal?
The term "principal" refers to the amount of money borrowed in a loan, not including interest. In an auto loan or college loan, the principal is the initial amount of money that the borrower receives from the lender.
For example, if you take out a $20,000 auto loan to purchase a car, the principal of the loan would be $20,000. This is the amount of money that you receive from the lender to purchase the car.
Interest is a fee that the lender charges the borrower for the use of the money. The interest is typically expressed as a percentage of the principal and is paid over the term of the loan.
For example, if the interest rate on the $20,000 auto loan is 5% per year and the loan term is 5 years, the total interest paid over the course of the loan would be $2,500 (5% of $20,000 per year for 5 years). This means that the total cost of the loan, including both the principal and the interest, would be $22,500 ($20,000 principal + $2,500 interest).
Hence, the principal of a loan is the initial amount of money borrowed, while interest is a fee charged by the lender for the use of the money.
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taylor what happened
Answers
Answer:
whos taylor?
Explanation:
i dont know anyone named taylor so...
Answer:
do fish get thristy? this is a assignment for health
Your merchant fee is 2.5%. Your
customers paid you $500,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]
Answers
500k times .025 is 12500
The fee must you pay the credit card company is $12,500.
What is a credit card?A credit card is said to be a type of plastic money that allows an individual to purchase goods on credit and pay back the amount later on some specified rate of interest being charged on it.
In order to avoid excessive spending, one should keep in mind that if a credit card debt is left unpaid at the end of the credit limit, interest will be imposed on the remaining balance.
When a consumer uses their credit or debit cards to purchase goods or services from a business, the merchant's bank balance must pay transaction fees called merchant fees.
The calculation for merchant fees is
The merchant fee will be 2.5% of $500,000
=2.5/100 x $500,000
=0.025 x $500,000
=$12,500
Therefore, the amount paid as a fee will be $12,500.
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The dimensions of fit include all of the following except ________. a. personorganization b. personsupervisor c. personvalues d. persongroup e. personjob
Answers
The dimensions of fit include all of the following except person-values.
What is dimensions?
A line has a dimension of one (1D) because only one coordinate is required to identify a point on it, for example, the point at 5 on a number line. This definition of dimension in physics and mathematics refers to the smallest number of coordinates required to specify any point within the object. Because two coordinates are necessary to identify a point on a surface, such as the perimeter of a sphere or cylinder, it is referred to as having a dimension of two (2D). For instance, a point on the surface of a sphere requires both a latitude and a longitude to be located. A two-dimensional space on the plane is referred to as a Euclidean space. the inside of a cylinder, cube, or Because three coordinates are required to pinpoint a point inside these areas, a sphere is three-dimensional (3D).
Absolute space and time are referred to as separate concepts in classical mechanics. However, it is not the four-dimensional space that was thought to be required to adequately represent electromagnetism. Events in the four dimensions (4D) of spacetime are defined relative to an observer's motion rather than being absolutely defined in terms of space and time. While the pseudo-Riemannian manifolds of general relativity explain spacetime with matter and gravity, Minkowski space initially approximates the cosmos without gravity. Supergravity and M-theory can be described in 11 dimensions (7D hyperspace + 4D), and superstring theory can be described in 10 dimensions (6D hyperspace + 4D). a function space with infinite dimensions in quantum physics.
Dimension is a notion that is not exclusive to physical items. Both mathematics and the sciences regularly use high-dimensional spaces. They might be configuration spaces or parameter spaces, such in Lagrangian or Hamiltonian mechanics; they are abstract spaces, apart from the real-world environment in which humans live.
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Primo Corporation acquired 60 percent of Secondo Corporation’s voting common stock. On the date of acquisition, Primo had equipment with a book value of $50,000 and a fair value of $150,000. Secondo’s buildings and equipment had a book value of $200,000 and a fair value of $200,000 at the time of the acquisition. What will be the amount at which buildings and equipment will be reported in consolidated statements immediately following the acquisition?
A) $150,000
B) $200,000
C) $230,000
D) $250,000
Answers
Answer: $250,000
Explanation:
The amount at which buildings and equipment will be reported in consolidated statements immediately following the acquisition will be the value of the book value of Primo's equipment which is $50,000 plus Secondo’s book value of its buildings and equipment which is $200,000.
Therefore, the answer will be:
= $50,000 + $200,000
= $250,000
A personal career profile form can be used to match what you know about yourself to what you know about different careers. TRUE or FALSE.
Answers
Answer:
True
Explanation:
If you look you can understand that personal helps you know yourself.
Answer:
trueeee
Explanation:
on edge
What is business ethics? What drives unethical behavior in organizations? What are the consequences of unethical behavior in organizations? How can individuals and companies encourage and support ethical conduct in their organizations?
Gamble, J., Peteraf, M., & Thompson, A. (2019). Essentials of Strategic Management, 6th Edition. NY, NY: McGraw-Hill.
Answers
Business ethics refers to the principles and standards that guide ethical behavior in the business environment.
Explanation:
Business ethics: Business ethics involves the application of ethical principles and moral values to business activities. It encompasses the values, norms, and standards of conduct that govern the actions and decisions of individuals and organizations in the business context.
Drivers of unethical behavior: Several factors can drive unethical behavior in organizations, including:
a. Financial pressures: When organizations face financial difficulties or intense competition, employees may feel pressured to engage in unethical practices to meet targets or secure personal gains.
b. Lack of ethical leadership: The behavior and actions of leaders significantly influence the ethical climate of an organization. If leaders do not prioritize and model ethical behavior, it can contribute to a culture of unethical conduct.
c. Individual factors: Some individuals may have a predisposition towards unethical behavior due to personal values, lack of moral development, or a desire for personal gain at the expense of ethical considerations.
d. Organizational culture: An organization's culture plays a crucial role in shaping employee behavior. If an organization promotes values such as profit maximization at all costs or disregards ethical considerations, it can foster an environment conducive to unethical behavior.
Consequences of unethical behavior: Unethical behavior in organizations can have significant consequences, including:
a. Damage to reputation: Unethical behavior can tarnish the reputation of the organization, leading to a loss of trust and credibility among stakeholders, including customers, employees, and investors.
b. Legal and regulatory issues: Engaging in unethical practices can result in legal and regulatory violations, leading to fines, legal actions, and potential damage to the organization's operations and finances.
c. Employee morale and turnover: Unethical behavior within an organization can negatively impact employee morale and job satisfaction. Employees may feel demotivated and disengaged, leading to increased turnover rates.
d. Financial implications: Unethical behavior, such as fraud or embezzlement, can have direct financial implications for the organization, resulting in monetary losses, decreased profitability, and potential bankruptcy.
Encouraging and supporting ethical conduct:
a. Ethical leadership: Leaders should set an example by demonstrating and promoting ethical behavior. They should establish a clear code of ethics and communicate it to employees.
b. Training and education: Providing ethics training and education programs can help employees understand ethical standards and dilemmas they may face in their roles. This can promote ethical decision-making and behavior.
c. Rewarding ethical behavior: Recognizing and rewarding employees who demonstrate ethical behavior reinforces the importance of ethics within the organization and encourages others to follow suit.
d. Open communication and reporting channels: Establishing channels for employees to report unethical behavior without fear of retaliation can help identify and address ethical issues promptly.
e. Ethical policies and procedures: Implementing and enforcing robust ethical policies and procedures ensures that ethical conduct is embedded in the organization's operations and decision-making processes.
f. Ethical considerations in decision-making: Encouraging individuals and teams to consider ethical implications when making business decisions helps ensure that ethical conduct is prioritized.
The above explanation is based on general knowledge and principles of business ethics. It is important to refer to academic sources or specific organizational guidelines for a comprehensive understanding of business ethics.
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How does demand-pull inflation differ from cost-push inflation? Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers. Demand-pull inflation is driven by producers, while cost-push inflation is driven by consumers. Demand-pull inflation is driven by the private sector, while cost-push inflation is driven by the government. Demand-pull inflation is driven by the government, while cost-push inflation is driven by the private sector.
Answers
Demand-pull inflation differ from cost-push inflation: Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.
Demand-pull inflation and cost-push inflationDemand pull inflation has to be do with customers while cost-push inflation has to do with producers.
When it comes to demand-pull inflation demand is tend to be higher than supply.
While in cost push inflation demand remain the same and decrease in supply can occur because of some factors.
Inconclusion Demand-pull inflation differ from cost-push inflation: Demand-pull inflation is driven by consumers, while cost-push inflation is driven by producers.
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Answer:
AAAAAAAAAAAAAAAAAAAAAAAAAAAA
Explanation:
did test
Once the election to use the LIFO inventory method has been made by a taxpayer, the inventory method may be changed only with the consent of the IRS.
A. True
B. False
Answers
A. True Once a taxpayer has elected to use the LIFO (Last-In, First-Out) inventory method, it becomes a part of their accounting method. As a result, any changes to this method must be approved by the IRS.
This is because changing inventory methods can potentially have a significant impact on a taxpayer's tax liability. For example, changing from LIFO to FIFO (First-In, First-Out) could result in a lower cost of goods sold and higher profits, which would increase the taxpayer's tax liability.To change inventory methods, a taxpayer must submit a request to the IRS and provide a detailed explanation of why the change is necessary. The IRS will then review the request and may require additional information or documentation before granting approval. It is important for taxpayers to be aware of the rules and requirements surrounding inventory methods and to work with a qualified tax professional to ensure compliance with IRS regulations.
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how much taxable income does a single taxpayer have if they owe $4838 in taxes?
Answers
They owe the the current taxes they need to pay plus the past due one ($4,838) and the interest fee for both.
the central bank can reduce the level of credit by
Answers
Answer:it can increase the reserve requirements
Explanation:
what are the economic costs of waiting lines? how might these costs be measured? what decision criteria can be used to justify expanding services to reduce waiting times?
Answers
The economic costs of waiting lines can have a significant impact on businesses and organizations, and can be classified into several categories:
Direct costs: This includes the cost of staffing and managing the waiting line, such as wages for employees or security personnel, or the cost of providing amenities to customers while they wait.
Opportunity costs: This includes the potential revenue or sales that are lost due to customers leaving the line or choosing to go elsewhere due to long waiting times.
Customer dissatisfaction costs: This includes the negative impact on customer satisfaction and loyalty due to long waiting times, which can result in lost repeat business and negative word-of-mouth.
Productivity costs: This includes the impact on productivity due to employees waiting in line, such as lost work time or decreased productivity due to distractions or frustration.
Measuring the economic costs of waiting lines can involve several methods, including:
Cost-benefit analysis: This involves comparing the cost of expanding services to reduce waiting times with the potential benefits, such as increased customer satisfaction, increased revenue, or reduced costs.
Customer surveys: This involves collecting data from customers about their waiting experiences, and using this information to calculate the potential impact on customer satisfaction and loyalty.
Time and motion studies: This involves measuring the time that employees and customers spend waiting in line, and calculating the potential impact on productivity and revenue.
When making a decision about expanding services to reduce waiting times, decision-makers can use several criteria to justify the investment, including:
Return on investment (ROI): This involves calculating the potential benefits of the investment (such as increased customer satisfaction, increased revenue, or reduced costs) and comparing this with the cost of the investment.
Customer satisfaction: This involves considering the potential impact on customer satisfaction and loyalty, and the impact that this could have on repeat business and word-of-mouth.
Competition: This involves considering the impact that long waiting times could have on the company's competitiveness and the ability to attract new customers.
Legal and regulatory requirements: This involves considering any legal or regulatory requirements related to waiting times, such as accessibility requirements or fair labor standards.
Ultimately, the decision to expand services to reduce waiting times should be based on a careful analysis of the potential costs and benefits, and a consideration of the decision criteria mentioned above.
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A company sold equipment that originally cost $160,000 for $96,000 cash. The accumulated depreciation on the equipment was $64,000. The company should recognize a: Multiple Choice $0 gain or loss. $96,000 gain. O O $32,000 gain. $64.000 loss. O $32,000 loss.
Answers
In this scenario, the company sold equipment that originally cost $160,000 for $96,000 cash, and the accumulated depreciation on the equipment was $64,000. To determine the gain or loss on the sale, we need to calculate the difference between the cash received and the net book value of the equipment.
The net book value of the equipment is calculated by subtracting the accumulated depreciation from the original cost:
Net Book Value = Original Cost - Accumulated Depreciation
Net Book Value = $160,000 - $64,000
Net Book Value = $96,000
Since the cash received from the sale is also $96,000, it matches the net book value. When the cash received is equal to the net book value, there is no gain or loss recognized on the sale. Therefore, the correct answer is $0 gain or loss.
The company should recognize a $0 gain or loss on the sale of the equipment.
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which of the following is not a way in which auditors use the concept of overall materiality? a) as a guide to planning the audit plan. b) as a guide to the evaluation of evidence. c) as a guide for making decisions about the audit report. d) as a guide for assessing control risk.
Answers
The following is not a way in which auditors use the concept of overall materiality as a guide for assessing control risk.
The number one reason for putting normal materiality while making plans the audit is that it's far used to become aware of overall performance materiality (that's needed, for example, to assist auditor's layout their audit tactics) and a truly trivial threshold for collecting
The auditor has to bear in mind audit chance and materiality each in making plans the audit and designing auditing tactics and comparing whether or not the monetary statements taken as an entire are supplied fairly, in all cloth respects, in conformity with typically common place accounting.
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A seller wants to break even after the broker’s commission of 5% and loan balance of $300,000 are paid. At what price must the house sell?
Answers
At $315,789 the house must be sold after taking into consideration the broker's commission.
What do you mean by broker’s commission?A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.
These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.
In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.
Take $300,000 and divide this amount by .95.
This will give the amount or the price at which we can sell the house which is $315,789.
Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.
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True or false: Personal savings, venture capitalists, and government agencies such as the Small Business Administration (SBA) are possible sources of capital or information when starting a small business.
Answers
The possible sources of Small Business Administration which can provide assistance to small businesses are venture capitalists, personal savings, and government agencies.
What is meant by small business?Small Business is a kind of business started with fewer working professionals and less income.
Small Business Administration is an authority that helped small businesses and entrepreneurs in establishing their businesses. They provide capital assistance through their sources like venture capitalist companies, government agencies, etc.
Therefore, the given statement is true as explained above.
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Amount of money at a time 0 , is referred as: a. number of periods. b. annual worth. c. present worth. d. interest.
Answers
The phrase "present worth" or "present value" refers to the sum of money at time 0.
The phrase "present worth" (option c) is the proper one to use when describing the value of a sum of money at the moment, taking into account things like interest rates and the time value of money. It stands for the present value of future cash flows that have been discounted to the present.Option a: "Number of periods" refers to the length of time or the range of time periods used in a financial computation, such as the number of years or months.
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Taylor must send a bad-news message to a client and indicate to her that he will be unable to meet a delivery deadline. What should Taylor do first
Answers
Answer: d) Analyze the bad news to see how it will affect his reader.
Explanation:
The first thing that Taylor should do is to analyze the bad news so that he can predict the likely effect on the client.
Once he predicts this, he can be able to deliver the bad news in such a way that the client would not be too annoyed by it. It would also allow him to offer alternatives that might be applicable and doable to the client.
Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
Answers
The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request
Answers
Answer:
D) information or action
Explanation:
These are the options for the question
A) settlements to claims
B) recommendations
C) adjustments
D) information or action
E) references
Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.
When sending a routine email
that give recognizion for a job that is well done, the following should be included;
✓rationale that state work important of the work.
✓closing statement which encourages continued excellence.
✓specific descriptionthat explain purpose of the message.
It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action
Which component of the human resource management (HRM) system is used by managers to attract and hire new employees who have the abilities, skills, and experiences that will help an organization achieve its goals?
Answers
The component of the human resource management (HRM) system that is used by managers to attract and hire new employees who have the abilities, skills, and experiences that will help an organization achieve its goals is known as the "recruitment and selection" process.
The recruitment and selection process involves identifying job vacancies, determining the requirements for the positions, attracting and sourcing potential candidates, screening and evaluating applications, interviewing and assessing candidates, and making the final selection and job offer. Effective recruitment and selection practices are crucial for organizations to ensure they are hiring the right people for the right job, and that the new employees will contribute to the overall success of the organization. By identifying and hiring the most qualified candidates, organizations can improve productivity, reduce turnover, and ultimately achieve their strategic goals.
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a disparity in income, wealth, power, prestige, and other resources is referred to as
Answers
The term used to describe the inequality or difference in income, wealth, power, prestige, and other resources among individuals or groups is "social or economic inequality."
It refers to the unequal distribution of resources and opportunities within a society or between different segments of society. This disparity can result from various factors such as systemic discrimination, socioeconomic status, education, access to healthcare, and other structural factors.
Social or economic inequality highlights the significant gaps and imbalances that exist in the distribution of resources, influencing individuals' and communities' socio-economic standing and overall well-being. Addressing and reducing these disparities often requires concerted efforts and policies aimed at promoting equity and equal opportunity for all members of society.
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Complete Question:
What is the term used to describe the inequality or difference in income, wealth, power, prestige, and other resources among individuals or groups?
In a _______, the business buyer reorders the same goods or services without looking for new information or investigating other suppliers. a. varied rebuy. b. modified rebuy. c. new buy. d. straight rebuy
Answers
In a straight rebuy, the business buyer reorders the same goods or services without looking for new information or investigating other suppliers.
In a straight rebuy, a business or organization purchases the same goods or services from the same supplier without any significant changes in the buying decision process. This type of buying situation is often used for routine or standardized items that are regularly needed, such as office supplies or raw materials. Because the decision has already been made in the past, the buyer simply needs to reorder the same product, without requiring additional research or evaluation. This makes the buying process faster and more efficient, and can help to establish long-term relationships between the buyer and supplier. However, it can also lead to missed opportunities for cost savings or improvements in quality, as the buyer may not consider alternative suppliers or products.
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