The highest inventory turnover ratio comes out to be 2.88 rimes of Company W in comparison to Company N.
What is the cost of sales?
Cost of sales, also known as cost of goods sold, is the amount of producing the goods or services which are being sold by the company.
Given values:
Particulars Company N Company W
Inventory at the beginning $ 120,000 $150,000
Inventory at the end $ 80,000 $100,000
Purchases $240,000 $310,000
Step-1 Computation of cost of goods sold of Company N:
[tex]\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$120,000+\$240,000-\$80,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$280,000[/tex]
Step-2 Computation of average inventory of Company N:
[tex]\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$120,000+\$80,000}{2}\\\rm\ Average \rm\ Inventory=\$100,000[/tex]
Step-3 Computation of inventory turnover ratio of Company N:
[tex]\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$280,000}{\$100,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.80 times[/tex]
Step-4 Computation of cost of goods sold of Company W:
[tex]\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$150,000+\$310,000-\$100,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$360,000[/tex]
Step-5 Computation of average inventory of Company W:
[tex]\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$150,000+\$100,000}{2}\\\rm\ Average \rm\ Inventory=\$125,000[/tex]
Step-6 Computation of inventory turnover ratio of Company W:
[tex]\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$360,000}{\$125,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.88 times[/tex]
Therefore, Company W has an inventory turnover ratio of 2.88 times which is higher than the inventory turnover ratio of Company N.
Learn more about the inventory turnover ratio in the related link:
https://brainly.com/question/13671307
#SPJ1
Why are free market economies able to attain economic growth?.
Answer:
Competition encourages innovation, which causes growth.
Explanation:
1. Which one of the following strategies will result in your paying NO interest to the credit card company?
Paying the minimum monthly payment due each billing cycle
Paying the entire credit card bill in full by the end of each calendar year
Paying off your entire balance every month by the due date
Only using your credit card for purchases, not for withdrawals from the ATM
One of the following strategies will result in your paying NO interest to the credit card company is paying off your entire balance every month by the due date.
What is a credit card?Credit cards provide you with a line of credit that you can use for purchases, debt transfers, and/or cash advances, with the requirement that you repay the loan amount over time.
When using a credit card, you must make at least the minimum payment on the debt each month by the due date.
Thus, the correct option is C, paying off your entire balance every month by the due date.
Learn more about credit card
https://brainly.com/question/27350251
#SPJ1
advice you can give someone who wants to decrease how much they are influenced by social media?
Answer:
Limit your use!
Explanation:
The best way to reduce anything in life is to limit exposure to the thing. Social media is no different. Many apps are specifically designed to hook your brain on them by utilizing positive reinforcement, most obviously in the form of recieving validation, "likes" or "kudos". If you can sort of wean your brain off of the dopamine rush you recieve any time you receive that validation, it will be much easier to put the phone down and reduce your screen time overall.
Forty-two percent of federal revenue comes from . income taxes paid by businesses and corporations make up about of federal revenue. taxes collected for social security and medicare make up of federal revenue.
Individual income tax, 9% and 40% are the correct answers for the blanks.
How much revenue comes from income tax?42 percent of federal revenue comes from income taxes paid by individual. Income taxes paid by businesses and corporations about 9% of federal revenue and Taxes collected for Social Security and Medicare about 40% of federal revenue.
So we can conclude that individual income tax, 9% and 40% are the correct answers for the blanks.
Learn more about tax here: https://brainly.com/question/26316390
#SPJ4
Answer:
1. individual income taxes
2. 9%
3. 40%
Explanation:
edge
Lox, stock and bagel, inc. Issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares
Answer:
Explanation:
Lox, stock and bagel, inc. Issued 50,000 shares of the 100,000 authorized. It has since repurchased 5,000 of its shares. The number of shares outstanding equals ______ shares
The number of shares outstanding equals to 45,000 shares.
What are shares?Shares or share capital is the money a company raises by issuing common or preferred stock. It refers to the amount of money the owners of a company have invested in the business.
The number of shares outstanding is calculated as:
Number of shares issued = 50,000
Number of shares repurchased = 5,000
Number of outstanding shares = Number of shares issued- Number of shares repurchased
= 50,000-5,000
= 49,000
Therefore 49,000 shares is outstanding after repurchase.
To learn more about shares, click here: https://brainly.com/question/13931207
#SPJ2
Revenues and expenses accounts, which are closed at the end of each accounting period, are: Multiple Choice Contra accounts. Temporary accounts. Closing accounts. Permanent accounts. Balance sheet accounts.
Answer:
Temporary account
Explanation:
include revenue, expenses, and dividends must be closed at the end of accounting year
The following budgets are all financial budgets except for the Question content area bottom Part 1 A. budgeted balance sheet. B. combined cash budget. C. capital expeditures budget. D. budgeted income statement.
Combined cash budget is budgets are all financial budgets except for the area bottom Part 1 A. The cash budget begins with the initial cash balance, to which cash inflows are added to generate cash available.
What is Combined cash budget?The cash budget is the total budget of all cash inflows and outflows. It should be divided into as few time periods as possible so that management is alerted to potential problems caused by cash flow fluctuations as soon as possible.
The period's cash outflows are then subtracted to determine the cash balance before financing.
Thus, option B is correct.
For more details about Combined cash budget, click here:
https://brainly.com/question/13943325
#SPJ1
A perfect price discriminating monopoly produces _____.
Answer:
the same quantity of output as a perfectly competitive market. If anything is wrong let me know since I'm new to answering questions
Explanation:
A man budgeted $200 a month for clothing. This month the man spent $150 on clothing therefore that budget item is considered to have:.
The budget item spent on clothing is considered to have a budget variance.
What is budget variance?A budget variance is the difference between the budgeted expense or revenue, and the actual amount.
The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Hence, the budget item is considered to have a budget variance.
Learn more about budget variance here : https://brainly.com/question/13287252
#SPJ1
Identical products sold by all companies is an example of this market structure.
O an oligopoly
O monopolistic competition
O a monopoly
O perfect competition
Perfect competition is the market structure where identical products are sold by all the companies.
What is perfect competition market?A perfect competition market is a place with many sellers, who sells homogeneous product in the market. A homogeneous product is a product with similar characteristics and quality.
In this market, there is a free entry and exit of the firms, without any restrictions. The buyers have complete information in this market.
Perfect competition market is a unique market which consist high degree of risk.
Learn more about the perfect competition here:-
https://brainly.com/question/18459447
#SPJ1
As a function of financial management, financial managers must understand tax regulations because ______. (Select all that apply)
Financial managers must understand tax regulations because businesses want to minimize taxes and they must consider the tax implications of major decisions.
What is tax?Tax refers to compulsory levy, impose by the government of a country on an individual or business entity.
Government use tax money to support the following:
Building and technology infrastructure.Military programsPublic safetyEducationEnvironmental protection.Hence, financial managers must understand tax regulations because they must consider the tax implications of major decisions
Learn more about tax regulations here : https://brainly.com/question/1133253
#SPJ1
The amount of money you earn in a specific
time period
Answer:I’m sorry can u explain more then I can add a proper answer
Explanation:
When the contract rate of the bonds is higher than the market rate, the bond sells at a higher price than par value. The amount by which the bond price exceeds par value is the _______ on bonds.
The amount by which the bond price exceeds par value is the added on bonds.
What is a bond?It represent and agreement between the borrower and the lender usually given on loan.
Bond is usually in written form and it is a legal binding between the parties involved.
Therefore, The amount by which the bond price exceeds par value is the added on bonds.
Learn more on bond here,
https://brainly.com/question/25965295
#SPJ1
How do you solve economic equations when they add percentages like 200% & add another # with it?
Answer:
Sorry if this is unclear btw!
Explanation:
A percentage is a number multiplied by 100. So, 200 ÷ 100 = 2. So, if you are adding 200% to a number, you only add 2. When multipliying by 200%, you multiply by 2. Same for subtraction and division!
What is the second step in the decision making model?.
1. Use a formula to calculate the percentage of expenses for the 2013 summer budget that was spent on rent for the event. Write the formula you used and the percentage you calculated, to two decimal places, in the cell below. Hint: Use order of operations principles for the formula. (5 points)
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)
3. Current data can be used to predict future costs. Based on the budget for the last three summers, predict the amount of money that will be sponsored for each event in 2015. Write your prediction in the cell below, and explain how you arrived at your conclusion. Be sure to use currency formatting for the monetary amount. (5 points)
4. Based on the budget for the last three summers, predict the website hosting fee for August 2015. Write your prediction in cell A21, and explain how you arrived at your conclusion in cell A22. Be sure to use currency formatting for the monetary amount in cell A21. (5 points)
The formula that can be used to calculate the percentage of expenses from the budget will be (the amount spent on event × 100) / total expenses.
How to compute the formula?From the information given, the formula that can be used to calculate the percentage of expenses will be:
= (the amount spent on event × 100) / total expenses. The month of June will be:
= (195 × 100)/297
= 65.66%
The estimated cost for July 2014 using 7% sales tax will be:
= 360 + (7% × 360)
= $385.20
Learn more about budget on:
https://brainly.com/question/24940564
#SPJ1
Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. to generate interest in a story to attract viewers and readers
Explain two benefits to society of business activity
PLS HELP
ILL GIVE BRAINLIST
Answer: Business can positively influence how society operates. It can build and maintain social capital through its core operations; the goods and services it provides; and the activities supported through increasingly global and complex supply chains.
Explanation:
Answer:
Good businesses introduce new ideas to the market, which helps them expand. Innovative, expanding businesses produce economic growth and jobs, which improves people's lives significantly.
Explanation:
Compound interest means that interest is calculated on:.
Answer: initial principal
Explanation:
Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.
Answer:
Compound interest is interest calculated on an account's principal plus any accumulated interest. If you were to deposit $1,000 into an account with a 2% annual interest rate, you would earn $20 ($1,000 x. 02) in interest the first year. Assuming the bank compounds interest annually, you would earn $20.40 ($1,020 x. Compound interest is interest calculated on an account's principal plus any accumulated interest. If you were to deposit $1,000 into an account with a 2% annual interest rate, you would earn $20 ($1,000 x. 02) in interest the first year. Assuming the bank compounds interest annually, you would earn $20.40 ($1,020 x.
A cashier is what type of resource ?
A. Natural resource (N)
B. Human resource (H)
C. Capital good (C).
Answer: B
Explanation: theyre human and a resourc
What is a tax return?
Answer: C. A form sent to the IRS which reports your annual income and deductions
Answer:
dawg answered his own question
Explanation:
briefly explain why networking is so important for a meetings and special event planner
Answer: Meeting suppliers, Another reason that networking is essential is that you can never predict what or who you're going to need for your next event. One day, you could be working on a formal black tie dinner, and the next, a circus-themed party.
Explanation:
Look at the poster. poster about manufacturing production. who is the target audience of this poster? people who are working in factories people who are questioning the war people who are fighting on the front lines people who are seeking employment
The target audience for this poster about manufacturing production is most likely people who are working in factories.
Who was the target of this poster on manufacturing?The poster has a target audience of those who are already working in factories as a way of encouraging them to produce more goods.
It does this by showing the effects of reducing the amount of time that the person works in a day leading to less production.
Find out more on target audiences for posters at https://brainly.com/question/9069068.
#SPJ4
Answer:
A. people who are working in factories
Explanation:
Correct on Edge 2022!!!
To increase value, marketers may ________, decrease price, or do both.
What is the best way to encourage customers to come back to your site?
A.Stalk them.
B.Use direct mail.
C.Post viral videos.
D.Treat them like they're special.
Answer:
D because they will feel like they are being cared about and will come back
What are true statements about the history of the fractional banking system?
Answer:
----->Traders would deposit their gold with goldsmiths.
--->Goldsmiths issued paper receipts in excess of the amount of gold held.
--->Goldsmiths put the paper receipts into circulation by making loans.
Explanation:
Which of the following statements best explains compound interest?
Interest based on the principal amount and the interest that accumulates over a
period of time.
Any form of interest earned from saving or investing.
The effect interest has on the total return on an investment over time.
Interest based only on the principal amount of a loan.
Interest based on the principal amount and the interest that accumulates over a
period of time
What is compound interest?Compound interest is the amount of money paid on a loan.
The amount is computed by adding the interest on the sum of money borrowed by the individual and the interest that has accumulated in time past.
Therefore, Interest based on the principal amount and the interest that accumulates over a period of time.
Learn more on interest here,
https://brainly.com/question/24924853
#SPJ1
disadvantages for the business for allowing debtors to buy on credit
Answer:
they can be expensive
Explanation:
limits can be low
What goes in the dark and never comes out in the light
Answer:
The dark
Explanation:
you can remove the "and" then your left with what goes in The Dark never comes out in the light. hope this helps ya!
Fill in the blanks: long term disability insurance costs about ____% of your income, which is helpful as long term disabilities last on average about ____ years.
Long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
What do you mean by insurance?Insurance is referred to as a contract where an individual receives financial protection against the losses of an insurance company.
Long-term disability insurance costs approximately 60% of the income and premiums are not guaranteed and can be canceled by the employer.
Therefore, long-term disability insurance costs about 60% of income which is helpful as long-term disabilities last on average about 65 years.
Learn more about Insurance here:
https://brainly.com/question/989103
#SPJ1