Answer:
2.7
Explanation:
The inventory turnover is defined as the ratio between the cost of merchandise sold during the year and the average inventory.
Average inventory can be defined as the mean between initial and ending inventory. The inventory turnover is:
The inventory turnover ratio is 2.7.
Is that really a question... I hope not.
Answer:
b. $103,345
Explanation:
Assets = Liabilities + Owner's Equity
Owner's Equity (Year 1) = $908,100 - $267,845
= $640,255
Owner's Equity (Year 2) = $980,279 - $233,892
= $746,387
increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)
= $746,387 - $640,255
= $106,132
Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals
= $106,132 - $28,658 + $25,871
= $103,345
Therefore, the amount of net income during Year 2 is $103.345.
Answer:
-0.136 and $528
Explanation:
Given that
p = 50 - 0.5Q
where,
Q = 88
So, p equals to
= 50 - 0.5 × 88
= 50 - 44
= $6
As it is mentioned that
p = 50 - 0.5Q
0.5Q = 50 - p
Q = 100 - 2p
And we know that
Price elasticity of demand is
= Percentage Change in quantity demanded ÷ Percentage Change in price
So,
= -2 × (6 ÷ 88)
= -0.136
And, the revenue is
= Price × Quantity
= $6 × 88
= $528
Answer:
The amount of $71,760 , is offered by the company for the stadium naming rights.
Explanation:
As the total cost for the sponsorship is $78,000 but the cost has 8% revenue for the naming sponsorship. Therefore,
= Amount × % of revenue
= $78,000 × 8%
= $6,240
In order to compute the amount which is offered to pay for the stadium rights, the revenue amount to be deducted from the administrative cost:
= Cost - Revenue
= $78,000 - $6,240
= $71,760
