income statement and balance sheet data for the athletic attic are provided below. the athletic attic income statements for the years ended december 31 2022 2021 net sales $ 11,660,000 $ 10,150,000 cost of goods sold 7,610,000 6,300,000 gross profit 4,050,000 3,850,000 expenses: operating expenses 1,690,000 1,640,000 depreciation expense 200,000 200,000 interest expense 49,000 49,000 income tax expense 508,000 440,000 total expenses 2,447,000 2,329,000 net income $ 1,603,000 $ 1,521,000

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Answer 1

Income statement and balance sheet data for the athletic attic are provided below. the athletic attic income statements for the years as following-

receivable turnover = net sale/average accounts receivable

average accounts receivable 2021 = (769000+749000)/2 = 759000

receivable turnover 2021 = (10150000/759000) = 13.4 times

average accounts receivable 2022 = (749000+999000)/2 = 874000

receivable turnover 2022 = (11660000/874000) = 13.3 times

inventory turnover = cost of goods sold/average inventory

average inventory 2021 = (1034000+1364000)/2 = 1199000

inventory turnover 2021 = 6300000/1199000 = 5.3 times

average inventory 2022 = (1364000+1734000)/2 = 1549000

inventory turnover 2022 = 7610000/1549000 = 4.9 times

current ratio = current assets /current liabilities

current assets 2021 = 2385000

current liabilities 2021 = 176000

current ratio 2021 = (2385000/176000) = 13.6 to 1

current assets 2022 = 3106000

current liabilities 2022 = 255000

current ratio 2022 = 3106000/255000 = 12.2 to 1

Debt to equity ratio = debt/equity

debt to equity ratio 2021 = 590000/(690000+1899000)

debt to equity ratio 2021 = 22.8%

debt to equity ratio 2022 = 590000/(690000+2341000)

debt to equity ratio 2022 = 19.5%

2) Gross profit ratio = gross profit/sale

2021 = 3850000/10150000 = 37.9%

2022 = 4050000/11660000 = 34.7%

return on assets = net income/average assets

average assets 2021 = (3279000+3355000)/2 = 3317000

return on assets 2021 = 1521000/3317000 = 45.9%

average assets 2022 =  (3355000+3876000)/2 = 3615500

return on assets 2022 = 1603000/3615500 = 44.3%

profit margin = net income/sale

2021 = 1521000/10150000 = 15%

2022 = 1603000/11660000 = 13.7%

assets turnover = sales/average assets

2021 = 10150000/3317000 = 3.06 times

2022 = 11660000/3615500 = 3.2 times.

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Related Questions

the term is best defined as the difference between the benefits that are gotten and costs that must be given up by consumers to acquire or use a product.

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Value is the discrepancy—ideally a negative one—between the advantages of using and owning a thing and the costs that go along with it.

The ability of any branded product to solve problems or meet needs is another way to define value. A market is a gathering place for consumers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online discrepancy. Price, quality, and what the good or service can do for that specific person are a few examples. Consumers take into account monetary, time, energy, and emotional expenditures when determining the worth of a purchase.

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California's Compulsory Financial Responsibility Law requires every driver and every owner of a motor vehicle to maintain financial responsibility (liability coverage) at all times. There are four forms of financial responsibility:
A motor vehicle liability insurance policy.
A deposit of $35,000 with DMV.
A surety bond for $35,000 obtained from a company licensed to do business in California.
A DMV issued self-insurance certificate.
You must carry written evidence of financial responsibility whenever you drive and show it to a peace officer after a citation stop or accident. You may have to pay a fine or have your vehicle impounded if you don't.
If you don't have acceptable financial responsibility and have an accident, you may lose your driver license for up to four years.

Answers

The California Compulsory Financial Responsibility Law requires every driver and every owner of a motor vehicle to maintain financial responsibility (liability coverage) at all times.

Finance is the observation and field of cash, foreign money and capital belongings. it is related to, but no longer synonymous with economics, the take a look at of manufacturing, distribution, and consumption of cash, property, items and services (the area of economic economics bridges the 2). Finance sports take vicinity in economic structures at various scopes, for this reason the field can be kind of divided into personal, corporate, and public finance.  In a monetary machine, belongings are bought, bought, or traded as economic gadgets, together with currencies, loans, bonds, shares, stocks, options, futures, and so forth.

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Social media marketing is used by marketers to accomplish which of the following? (Choose every correct answer.)
A) Remind buyers about the brand and its benefits
B) Increase the efficiency of the supply chain
C) Increase the price of the product or service offered
D) Communicate the value proposition of the brand

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Social media marketing is used by marketers to accomplish for A) Remind buyers about the brand and its benefits.

Social media performs an vital function in how clients discover, research, and proportion records approximately manufacturers and merchandise. In truth 60 percentage of clients studying merchandise via more than one on-line reassets found out approximately a particular logo or store via social networking sites.

Small companies can use social media channels for logo recognition campaigns via way of means of sharing easy-to-create content material together with infographics, quick videos, ads, and hyperlinks to greater detailed, extremely good content material that solutions clients questions or addresses trending topics.

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Which of the following statements is CORRECT?
a. In general, a firm with low operating leverage also has a small proportion of its total costs in the form of fixed costs.
b. There is no reason to think that changes in the personal tax rate would affect firms' capital structure decisions.
c. A firm with high business risk is more likely to increase its use of financial leverage than a firm with low business risk, assuming all else equal.
d. If a firm's after-tax cost of equity exceeds its after-tax cost of debt, it can always reduce its WACC by increasing its use of debt.
e. Suppose a firm has less than its optimal amount of debt. Increasing its use of debt to the point where it is at its optimal capital structure will decrease the costs of both debt and equity financing.

Answers

Among the following options in the given answer, option a is correct: In general, a firm with low operating leverage also has a small proportion of its total costs in the form of fixed costs.

A business with low operating leverage incurs a high percentage of variable costs, which results in a lower profit margin on each sale but less need for sales growth to offset its lower fixed costs.

In general, strong operating leverage is preferable to low operating leverage since it enables enterprises to make significant profits on every additional sale. However, businesses with minimal operating leverage could find it simpler to turn a profit when coping with reduced sales levels.

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with respect to distributing practice within a single-pracitce session, which of the following statements are true

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With respect to distributing practice within a single-pracitice session, the  statements that are true is continuous skills are learned better with massed schedules; discrete skills are learned better with distributed schedules.

What is continuous skills ?

Continuous motor skills  can be dedcibed as the skill  which the movement is cyclical and repetitive, with an arbitrary beginning and end.

It should be nboted that this can be compare with the discrete motor skills  in the sense that it represent a distinct, manipulative-type skill that has a specific beginning and end hence   continuous skills are learned better with massed schedules.

Therefore, option A is correct.

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missing options:

- continuous skills are learned better with massed schedules; discrete skills are learned better with distributed schedules

- continuous skills are learned better with distributed schedules; discrete skills are learned better with massed schedules

- both continuous and discrete skills are learned better with massed schedules

- both continuous and discrete skills are learned better with distributed schedules

Littleburg has 6 restaurants, which collectively serve 300 bowls of noodles per day. Then, 5 of the restaurants accidentally burn down, leaving only Nelly’s Noodle Hut intact. Now, Nelly’s will serve _______ (less than exactly or more than) b. 300 bowls of noodles per day, and the price will be _______ (higher, lower, or same as before) c. Philpot Industries Inc. is the only producer of left-handed coffee mugs. Currently, they are making very little profit. You tell them they could raise their profits by ________ (decreasing the number, increasing the quantity lowering the price or increasing the number) of the mugs they produce.

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Littleburg has 6 restaurants, which collectively serve 300 bowls of noodles per day. Then, 5 of the restaurants accidentally burn down, leaving only Nelly’s Noodle Hut intact. Now, Nelly’s will serve Less than (less than exactly or more than) b. 300 bowls of noodles per day, and the price will be Higher (higher, lower, or same as before) c. Philpot Industries Inc. is the only producer of left-handed coffee mugs. Currently, they are making very little profit. You tell them they could raise their profits by Decreasing the number of mugs(decreasing the number, increasing the quantity lowering the price or increasing the number) of the mugs they produce.

A. Less than

B. Price will be higher

C. Decreasing the number of mugs

Profit describes the financial benefit realized when the revenues from a business activity exceed the expenses, costs and taxes associated with maintaining the activity.

Profits are important because:

– provide a measure of business success that is important for new businesses.

– are the best source of finance/capital for business expansion investment.

- they attract additional funds from investors attracted by the possibility of high returns on their investment.

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Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors?

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(C)  Personalities  is NOT a typical source selection criterion that an organization would use to evaluate potential contractors.

Make sure to Employ Qualified Contractors:

Always request proof of a possible contractor's Skills, Knowledge, Attitude, Training, and Experience (competence) before considering them for a job. This would include their credentials and training, memberships in trade associations and industry associations, and samples of prior similar work. Inquire about their familiarity with the relevant laws, industry standards, and best practices.Verify their references. Inquire from the contractor's past clients about the quality of their work and how they handled health and safety on the job.Always insist on seeing documentation of the job-specific risk assessment.Verify if the company has identified the risks specific to the activity and your specific site.Always insist on seeing documentation of the job-specific risk assessment. Verify if the company has identified the risks specific to the activity and your specific site.Make sure the contractor can demonstrate that they have safe working practices in place, and that the safety measures and controls they identify as essential are really implemented both before and during the course of the project.Verify the managerial presence that the company will have to oversee the work before it begins. Plan monthly progress meetings, and make sure you have the contact information for management staff in case of an issue on the job site.Inquire about any HSE enforcement actions, including any possible prosecutions, the company may have experienced in the three to five years prior. To verify the provided information, visit the websites of the HSE enforcements.

complete question

Which of the following is NOT a typical source selection criterion that an organization would use to evaluate potential contractors?

a. life cycle cost

b. references

c. personalities

d. technical approach

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suppose a firm operates in the short run at a price above its average total cost of production. in the long run the firm should expect

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Priced over its typical total cost of production in the short term. Long-term, the company should prepare for the entry of new competitors. falling market value and declining profits

To what performance are you alluding?

Producing anything involves assembling it from components or raw resources. To put it another way, manufacturing employs inputs to produce a thing or product that has value for a consumer or end-user—an output that is acceptable for consumption.

What are production and examples?

It simply refers to a process of production or its result in its most basic form. Economists refer to producers as businesses that generate goods and services. These companies manufacture products that they sell to customers.

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which of the following diagrams shows what would happen to a company's demand curve after an effective advertising campaign?

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Advertising influences consumer tastes and preferences, alters product attributes, and differentiates products from competing products. The curve shifts to the right if the determinant causes demand to increase.

What is consumer?Consumers refer to the people who buy goods and services to meet their needs. When you eat  dinner, you become a consumer. I am hungry and eating rice fills me up. You become a food consumer. You who go to school are also consumers. A consumer is a person who acquires a product for their own use and uses or consumes it. Consumers cannot resell goods, products, or services, but they can consume them to earn a living and run a self-employed business. Consumers are the end users of goods and services.  A person who purchases a product or service  for  personal use rather than manufacturing or reselling it is called a consumer. A consumer is someone who decides whether  to purchase a product in a store or  who is influenced by advertising and marketing.

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if a country changes its corporate tax laws so that foreign businesses build and manage more business in that country, then the net capital outflow of that country group of answer choices falls and the net capital outflow of other countries rise. none of the above are correct. rises and the net capital outflow of other countries fall. and the net capital outflow of other countries rise. next

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If a country changes its corporate tax laws so that foreign businesses build and manage more business in that country, then the net capital outflow of that country will falls and the net capital outflow of other countries rise

Net capital surge alludes to the net progression of assets that is contributed abroad by a specific country at a specific period. It ought to be noticed that a positive net capital stream just implies that such nation invests more external more than what different regions of the planet puts resources into it.

Given the inquiry above, since the nation changes its corporate tax laws regulations so homegrown organizations construct and oversee more business in different nations, it implies that the net capital surge of that nation falls and the net capital outpouring of different nations rise.

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which of the following represents an ethical responsibility that an independent insurance agent owes to the general public?

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The option that represents an ethical responsibility that an independent insurance agent owes to the general public is The same sizes print as the agent's address or telephone number.

What is Ethical responsibility?

Ethical responsibility  can be described as the ability to recognize, interpret and act upon multiple principles as well as the values according to the standards within a given field .

It should be noted that the Ethics guides us to make the world a better place through the choices we make however the Ethics in business  can be used by the Business leaders  sdo the can posses the unique role and a great responsibility in shaping the ethical culture of their businesses,  hence in the case above it can be seen that same sizes print as the agent's address or telephone number serves as the ethical responsibility.

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missing options:

 The same sizes print as the agent's address or telephone number.

The difference size of the polpulation

A natural gas monopoly currently sells 100 cubic feet of gas at $1.10 per cubic foot. To sell one more cubic foot, the natural gas company must lower the price of gas to $1.09. Which of the following best describes the marginal revenue of the 101st cubic foot of natural gas?The marginal revenue is less than $1.09.

Answers

The marginal revenue is less than $1.09.( Marginal revenue is an excess revenue resulting from the sale of  additional units of production.)

What is the formula for marginal income?

To calculate  marginal revenue, a company divides the change in  total revenue by the change in total output. Marginal revenue is  the retail price of his one additional item  sold. Below is the formula for marginal income.

Marginal income = change in income / change in quantity.

What is Marginal Income in Examples?

Example: You sell 100 shirts on Monday for $10 for $1,000. On Tuesday, he will sell 110 shirts for $1,100. The difference in earnings between Monday and Tuesday is $100. $100 marginal revenue.

Why is Marginal Income Important?

Marginal revenue is important because it measures the increase in revenue from selling more products or services. Marginal revenue follows the law of diminishing returns. The law is that each increase in production results in a smaller increase in production.

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using a perpetual inventory system, when a company records a sale of merchandise, it must also record? A. a decrease in its inventory B. an increase in its inventory C. Cost of goods sold, which will be reported on the income statement D. Cost of goods sold, which will be reported on the balance sheet

Answers

The perpetual inventory technique does not make an effort to keep track of counts of tangible goods. Periodic inventory is in contrast to perpetual inventory systems.

What exactly is an inventory system?

The method through which you keep track of your products across the whole supply chain, from purchase to manufacture to final sales, is known as just an inventory management system (or inventory system). It controls how you go about managing your company's inventory.

What is the unbreakable inventory rule?

Freely count - Inventory and spare parts that are improperly organized in the warehouse will inevitably lead to disorganized storage and pitiful accountability. Additionally, this will waste time and add to the workload. Therefore, inventory should be organized properly, made visible, and count free.

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________ selling involves sales of goods and services to consumers through personal interactions and demonstrations in their home or office.

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Personal selling, commonly referred to as face-to-face selling, is a sales technique where a single salesperson tries to persuade a consumer to purchase a product.

Describe Personal Selling

When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts.

Personal selling is described as "the process of person-to-person conversation between a salesperson and a prospective customer, in which the latter strives to meet the latter's requirements by providing the latter with the chance to purchase something of value, such as a good or service."

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suppose an economy is operating above full employment. which of the following fiscal policy actions and resulting changes in aggregate demand will move the economy back towards full employment?

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A fiscal policy actions and resulting changes in aggregate demand will move the economy back towards full employment is increasing taxes, which will shift the AD curve leftward.

The desire for all final products and services generated in an economy is measured as aggregate demand. The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.

Consumption, investment, government expenditure, and net exports are the total of four components that make up aggregate demand. Consumption can alter for a variety of reasons, such as changes in income, taxes, expectations for future income, and changes in asset levels.

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an increase in the price of bread produced domestically will be reflected in a. both the gdp deflator and the consumer price index.

Answers

The GDP deflator and the consumer price index will both show an increase in the cost of locally produced bread.

Gross domestic Product?

A lot of acronyms are used by economists. The GDP, or gross domestic product, is one of the most often used. It is frequently cited in reports by governments, central banks, and the business sector as well as in newspapers, on television news, and in publications.

How is GDP calculated? What is GDP?

GDP is calculated as private consumption plus gross domestic product plus public investment plus (exports – imports). The country's official statistical office often uses the international standard to calculate GDP.

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Anticipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table:The purchase prices of rubber and steel are $1.20 and $0.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 46,000 and 8,000 pounds, respectively.

Answers

Total cost of anticipated sales of rubber and steel belts is $3,826,400.

It is given in the question that rubber and steel belts are in producing passenger car and truck tires

Passenger tires :

Rubber - 1470000

Steel Belts - 210000

Truck tires:          

Rubber     -  1482000

Steel Belts - 152000

Plus desired ending inventory :

Rubber  -  40000

Steel Belts - 10000

Total Pounds required for production:

Rubber -2992000

Steel Belts - 372000

Less estimated beginning inventory:  

Rubber-  46000

Steel Belts-  8000

Total units purchased :

Rubber - 2946000

Steel Belts- 364000

Unit price :

Rubber -  $1.20

Steel Belts-$0.80

Total direct materials to be purchased:

Rubber- $3,535,200

Steel Belts- $291,200

Total cost =  $3,826,400

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a portable concrete test instrument used in construction for evaluating and profiling concrete surfaces (macrs-gds 5-year property class) is under consideration by a construction firm for $26,000. the instrument will be used for 6 years and be worth $2,750 at that time. the annual cost of use and maintenance will be $8,000. alternatively, a more automated instrument (same property class) available from the manufacturer costs $31,500, with use and maintenance costs of only $7,000 and salvage value after 6 years of $4,000. the marginal tax rate is 25%, and marr is an after-tax 12%.

Answers

The first option is to purchase the portable concrete test instrument for $26,000, which will have an annual cost of use and maintenance of $8,000. The salvage value after 6 years will be $2,750. The total cost of the instrument over 6 years will be $60,750.

The second option is to purchase the more automated instrument for $31,500, with an annual cost of use and maintenance of $7,000. The salvage value after 6 years will be $4,000. The total cost of the instrument over 6 years will be $65,500.

The decision criteria is to choose the option that yields the lower net present value (NPV). After considering the marginal tax rate of 25%, the after-tax cost of the first option is $45,563.75 and the after-tax cost of the second option is $48,875. The NPV of the first option is calculated as $14,687.25, while the NPV of the second option is $11,375. Thus, the first option is the better investment as it yields a higher NPV.

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the following are selected transactions of tamarisk company. tamarisk sells in large quantities to other companies and also sells its product in a small retail outlet. prepare journal entries for the transactions above.

Answers

March 1 Accounts receivable $13200 (debit)

March 15 Accounts receivable $1800 (debit)

March 31  Accounts receivable ($1800*1%) $18 (debit)

The term "accounts receivable," often known as "AR" or "A/R," refers to a company's legally enforceable claims for payment for items delivered or services provided that consumers have requested but haven't paid for. These typically take the form of invoices that a firm issues and sends to the client for payment within a predetermined time limit. In a balance sheet, accounts receivable are listed as an asset. This accounting transaction is one in a series that deals with charging a customer for the goods and services they have requested. These can be contrasted from notes receivable, which are liabilities created through formal legal documents known as promissory notes.

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a manufacturer of automatic locking devices shipped 20,000 devices to an automobile manufacturer that was unable to use them because of a design flaw. if the manufacturer of the devices waited until the parts were returned before determining why it created unusable component parts, it would be using control.

Answers

A manufacturer of automatic locking devices for vehicles shipped 20,000 devices to a car manufacturer that was unable to use them because of a design flaw. If the manufacturer of the devices waited until the parts were returned before determining why it created unusable component parts, it would be using feedback control.

manufacturing is the introduction or production of products with the assist of device, exertions, machines, equipment, and chemical or organic processing or formulation. it is the essence of secondary sector of the financial system.[1] The term may additionally consult with more than a few human interest, from handicraft to high-tech, however it's far most generally applied to business design, wherein raw substances from the primary quarter are transformed into finished items on a huge scale. Such goods can be bought to other manufacturers for the manufacturing of different more complex merchandise (including plane, household appliances, furnishings, sports activities gadget or motors), or allotted via the tertiary enterprise to end customers and customers.

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figure 9.16 depicts the model of a labour market where there are 90 million workers. the current labour market equilibrium is at a. now consider the case where the total labour supply is increased to 100 million. based on this information, which of the following statements are correct regarding the adjustment process in the labour market? higher unemployment results in a reduction in the employment rent enjoyed by workers employed at the current wage. the firms are required to raise wages to induce workers to work hard. initially, unemployment doubles. the wage-setting curve shifts downward.

Answers

The following statements are correct regarding the adjustment process in the labor market Initially, unemployment doubles and the wage-setting curve shifts downward.

Understanding the operation and dynamics of the markets for paid labour is the goal of labour economics, sometimes known as labour economics. The commodity of labour is provided by workers, often in return for a salary demanded by employers. Labor economics must take into consideration social, cultural, and political factors because these workers are a part of a social, institutional, or political system.

Employers and employees interact to drive labor markets, or employment markets. In order to understand the pattern of wages, employment, and income that results, labor economics examines the providers and consumers of labor services.

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ebook show me how question content area inventory analysis a company reports the following: cost of goods sold $227,760 average inventory 56,940 determine (a) the inventory turnover and (b) the number of days' sales in inventory. round interim calculations to the nearest dollar and final answers to one decimal place. assume 365 days a year. a. inventory turnover fill in the blank 1 b. number of days' sales in inventory fill in the blank 2 days

Answers

The correct answer is (a) the inventory turnover. Inventory turnover is a gauge of a company's inventory management effectiveness in relation to its cost of goods sold.

What is inventory turnover?

Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period.

The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.

Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio.

It is one of the efficiency ratios used to gauge how well a business uses its resources.

A low inventory turnover ratio could indicate sluggish sales or too much inventory.

On the other hand, a high inventory turnover ratio denotes robust sales. It can be the effect of not having enough stock.

Inventory Turnover=COGS/Average Value of Inventory

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Which if the following is not a type of inventory?
A) Finished goods in the stockroom
B) food cans in a foods store raw materials
C) job being processed on the machine
D) all of above

Answers

Food cans in a food store raw materials are not a type of inventory. Thus, Option B) is the correct answer.

Raw materials required for a product's production, work in progress, or jobs being processed by a machine, and finished goods kept in warehouses and required for delivery to clients make up the inventory items. The things that are finished and unfinished and ready to be shipped to clients make up the inventory. They include everything required for the purpose of production.

Since there are resources required to create the food that fills the cans before they are finally sealed and canned, the food can in a food store's raw materials is not a part of the ordinary inventory. The full cans that are prepared to be distributed make up the company's inventory.

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under the prudent investor act, a trustee's investment and management decisions should be evaluated: i based on each individual transaction ii based on the context of the portfolio as a whole iii as part of the investment strategy of each single trust beneficiary iv as part of the overall investment strategy for all beneficiaries of the trust

Answers

A trustee's investment and management choices should be assessed in light of the portfolio's broader context and place within the context of the trust's overall investment strategy for all beneficiaries. ( Option ii and iv )

- When investing trust assets on behalf of a trustor, trustees must adhere to rules outlined in the Uniform Prudent Investor Act (UPIA). It also applies to financial experts who execute deals or make recommendations on behalf of clients.

- Fiduciary accounts, or those in which someone is operating on someone else's behalf, are subject to the prudent investor rule. The fiduciary must exercise caution while handling these accounts.

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A food handler cannot find the ice scoop. What should the food handler do to be sure that customers are served safely

Answers

Answer:

use a spoon or find the scoop.

Explanation:

he can use a spoon instead and should not touch the other parts of spoon other then the handle.

Zhang Company reported Cost of goods sold of $835,000, average Inventory of $41,750, and Net sales of S2,338,000. The Inventory turnover ratio is: A. S times B. 418 times C. 20 times D. 56 times E 19 times

Answers

Inventory turnover ratio is 20 times in this case. It is calculated by dividing Cost of goods sold by average Inventory. In this case, the ratio is 835,000 divided by 41,750, which is equal to 20 times.

Inventory turnover ratio is an important measure to know how good a company is managing its inventory. It helps in measuring how quickly a company sells its inventory during a given period of time. The higher inventory turnover ratio means that a company is selling its inventory at a faster rate and more efficiently. A lower inventory turnover ratio means that a company might be holding too much of inventory or not selling it quickly enough which is required. This ratio also useful in helping businesses to assess their inventory management strategies and work thereon for improvement.

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Work-study is a program that includes
A. working at an outside job to help pay for school
B. taking a school job to help pay for an education
C. agreeing to serve in the military for financial aid
D. participating in a service program to receive aid

Answers

Work-study is a program that includes  working at an outside job to help pay for school. Thus option (A) is correct.

What is school?

It means an institution where formal learning or education is conducted.

A school is a division of the school system consisting of students comprising one or more grade groups or other identifiable groups, organized as one unit with one or more teachers to give instruction of a defined type and housed in one or more buildings.

More than one school may be housed in one building or compound, as is the case when elementary and secondary schools are housed in the same building or compound.

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the fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries.

Answers

The statement 'the fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries' is true.

In the field of business, the fair labor standard act can be described as an act that was formulated inorder to give basic rights to laborers.

Before the fair labor standards act, the laborers were given a very small amount for the hard work that they did.

Hence, the fair labor standard act came up with a policy under which a minimum wage of a specific amount was set and no employee could be paid an amount less than this specified minimum wage. Hence, the statement above is true.

The question can correctly be written as:

The fair labor standards act requires that a minimum wage of a specified amount be paid to all employees in all industries. true or false

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FILL IN THE BLANK. the acrimony between the conservative and business elements in texas republican party was most apparent in the fight over_____.

Answers

The conflict over the "bathroom bill" was where the tension between the conservative and business wing of the Texas Republican Party was most pronounced.

Texas Republican Party: What is it?

In the state of Texas, the United States Republican Party is affiliated with the Republican Party of Texas. Matt Rinaldi took over as chair in the place of Allen West, who resigned before his term ended to run for governor of Texas. Austin serves as the party's headquarters.

In Amarillo, are there more Republican votes than Democrat ballots?

Although this is the only region in Texas where most counties have been losing population, there may be more Republican votes to win here. Amarillo's neighborhood has been expanding, albeit more slowly than typical Texas cities.

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all of the following were the objectives of the glass-steagall act except group of answer choices discouraging speculation in financial markets. limiting bank mergers when the merger might adversely affect competition. preventing conflict of interest and self-dealing. restoring confidence in the commercial banking system. all of the above were the objectives of the glass-steagall act.

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One objective that was not in the Glass-Steagall Act, was d. all of the above were the objectives of the Glass-Steagall Act.

What was the Glass-Steagall Act ?

In order to shield depositors from potential losses brought on by bank speculation in stocks, the Glass-Steagall Act, implemented in 1933, mandated that commercial banks refrain from investment banking activities.

At the time, the primary cause of the financial catastrophe was blamed on commercial banks' aggressive participation in the stock markets. Commercial banks were thought to have overexposed themselves to danger with depositors' money.

Glass-Steagall Act was therefore meant to restore the confidence of the public in the commercial banking system, by engaging in things such as limiting potential destructive ban mergers.

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