Jinay's cost of goods sold in the year of sale (2019) was $860,000 and 2018 cost of goods sold was $880,000. The inventory at the end of 2019 was $199,000 and at the end of 2018 the inventory was $219,000. Jinay’s average number of days to sell its inventory during 2019 is closest to: (Use 365 days a year. Do not round intermediate calculations.)
Multiple Choice
88.70 days
86.69 days
84.46 days
90.84 days
Answers
Jinay's average number of days to sell its inventory during 2019 is closest to 86.69 days. This is calculated by dividing the cost of goods sold ($860,000) by the average inventory ($209,000), giving an inventory turnover of approximately 4.118. To convert this turnover into days, we divide 365 (the number of days in a year) by the inventory turnover, resulting in 88.69 days. Rounded to the nearest hundredth, the answer is 86.69 days.
To find the average number of days to sell inventory, we need to calculate the inventory turnover and convert it to days. The inventory turnover is obtained by dividing the cost of goods sold by the average inventory. In this case, the cost of goods sold in 2019 is given as $860,000. To determine the average inventory, we add the ending inventory ($199,000) and the beginning inventory ($219,000) and divide the sum by 2, resulting in $209,000.
Next, we divide the cost of goods sold by the average inventory to obtain the inventory turnover, which is approximately 4.118. This means that, on average, Jinay sells its entire inventory 4.118 times during the year. To convert this turnover into days, we divide 365 (the number of days in a year) by the inventory turnover, yielding 88.69 days.
Rounding the answer to the nearest hundredth, we find that Jinay's average number of days to sell its inventory during 2019 is approximately 86.69 days.
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Related Questions
A firm's ___________ consist of expenditures that must be made before production starts that typically, over the short run, _______________ regardless of the level of production. Group of answer choices fixed costs; are consistently changing, fixed costs; do not change, variable costs; do not change, variable costs; are constantly changing,
Answers
1. fixed costs
2. do not change
hope this helps
Even if you are not the boss of a company, as a manager you will be asked to specifically be in charge of which of the following
Answers
Even if you are not the head of a company, as a manager you will be asked to be specifically responsible for managing your team.
What is the role of a manager?This professional is responsible for managing, coordinating, commanding and controlling a team of people, helping to fulfill the actions that will lead an organization to achieve the objectives and goals as planned.
There are several types and levels of managerial function, which is an essential role to help with tasks, create strategies in addition to being a professional who assists in training, hiring new employees and organizing resources for the company to be successful.
Therefore, managerial roles are essential in a company to create an organizational culture that is focused on collaboration, productivity and motivation.
This is an incomplete question and the alternatives could not be found online, but based on the topic, the correct answer is:
team managementFind out more managerial role here:
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Under absorption costing product costs consist of ________ costs.
Answers
Under absorption costing product costs consist of manufacturing costs. All manufacturing costs are included in product costs under absorption costing: direct resources physical work. manufacturing overhead that changes. Whether a product was sold during the period or not, fixed overhead costs are assigned to it using absorption costing.
With this method of costing, more cost is incorporated into the final inventory, which is carried over as an asset to the following period's balance sheet. A method of costing known as "absorption costing" includes all manufacturing expenses. This is how management absorbs the costs associated with a product. Both direct and indirect costs are included in the price.
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QUESTION 16
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to:
O The distance between Pefficient and P* at Qefficient
The distance between Pefficient and P" at Q
O The distance between Pefficient and the Price on the Private Benefit curve at Q*
O The distance between Pefficient and the Price on the Private Benefit curve at Qefficient.
Answers
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to D: "The distance between Pefficient and the Price on the Private Benefit curve at Qefficient."
What is the Pigovian subsidy?A Pigovian subsidy is a government intervention aimed at reducing negative externalities, such as pollution or overuse of finite resources. In the context of education, a Pigovian subsidy would be used to encourage individuals to achieve the socially optimal level of education.
In this case, the socially optimal level of education would be represented by the quantity Qefficient. Pefficient is the price of education that would result in Qefficient without government intervention. The difference between Pefficient and the price on the private benefit curve at Qefficient represents the cost of the negative externality that the subsidy would address. This difference would be equal to the Pigovian subsidy.
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what are the determinants of the aggregate money demand?
Answers
The determinants of aggregate money demand can be categorized into four main factors: the price level, the level of income or output, the interest rate, and the availability of alternative assets.
1. Price Level:The price level refers to the general level of prices in an economy. As the price level increases, the aggregate money demand decreases because each unit of currency can buy fewer goods and services. Conversely, as the price level decreases, the aggregate money demand increases because each unit of currency can buy more goods and services.
2. Level of Income or Output:The level of income or output in an economy also affects the aggregate money demand. As income or output increases, people's demand for money increases because they have more transactions to make. Conversely, as income or output decreases, people's demand for money decreases because they have fewer transactions to make.
3. Interest Rate:The interest rate is the cost of borrowing or the return on saving. A higher interest rate reduces the aggregate money demand because people are more likely to hold their wealth in interest-bearing assets rather than in the form of money. Conversely, a lower interest rate increases the aggregate money demand because people are less inclined to save and more likely to hold their wealth in the form of money.
4. Availability of Alternative Assets:The availability of alternative assets, such as stocks, bonds, and real estate, also affects the aggregate money demand. If these alternative assets offer higher returns or are expected to appreciate in value, people may shift their wealth out of money and into these assets, reducing the aggregate money demand.
On the other hand, if these alternative assets are perceived as risky or offer lower returns, people may prefer to hold their wealth in the form of money, increasing the aggregate money demand. It is important to note that these determinants interact with each other and can have complex relationships.
For example, changes in the interest rate can influence the level of income or output, and changes in the price level can affect people's expectations about future inflation, which in turn affects their demand for money.
Therefore, it is essential to consider all these factors together to understand the determinants of aggregate money demand accurately.
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When the IPO for the successful Sweet Cookie Company came out, Bud bought 1,000 shares for $5.50 each. His friend eventually bought 500 shares at $8 each. It is most likely that Bud is _____. (Select all that apply.)
ANSWER:
-an investment Banker
-a customer of an investment Banker
Answers
The answer is - an investment banker and a customer of an investment Banker.
Therefore, When the IPO for the successful Sweet Cookie Company came out, Bud bought 1,000 shares for $5.50 each. His friend eventually bought 500 shares at $8 each. It is most likely that Bud is - an investment banker and a customer of an investment Banker.
Hence, the correct answers are-
-an investment Banker-a customer of an investment BankerWhat is the simplest definition of investment?An investment is an asset or object purchased with the intent of creating income or appreciation.
The term "appreciation" refers to the growth in the worth of an asset through time. When an individual acquires a thing as an investment, the intention is not to consume the commodity but rather to use it in the future to produce wealth.
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What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
Answers
You are assigned to work with two other classmates to complete a class assignment. One of the classmates is not completing their work. What are three ways that you could solve this problem
Please help me fast
Answers
Answer:
1. you could ask them if they understand what to do and if they need help.
2. you could tell the teacher that they are not doing the work
3. i dont know what else
The _____ is a voice for small business.
SCORE
SBDC
SBA
PLEASE HURRY 15 POINTS AND BRAINLIST TO FIRST PERSON TO ANSWER CORRECTLY
Answers
Answer:
I believe it's the SBDC but I'm not 100% sure tho
Answer:
SBA
Explanation:
its also called NFIB i think
Given f(x) = x4 - 4x3 8x2 6x - 20. Complete the table for f(x). X 0 1 2 Doe f(x) have a zero between x = 1 and x = 2? Anwer Definitely Perhap Go to anwer: 42 23 8 No way
Answers
The complete table will be:
x : 0 1 1.5 2
f(x) -20 -9 -23/16 8
From the question,
We have the expression: \(x^4 - 4x3 +8x^2 +6x - 20\)
So, for finding the value of the expression we will simply put the value of x.
So, for finding f(0), we will put the value of x = 0
Therefore, we will get:
at x=0, f(0)=-20
Again for finding f(1), we will put the value of x = 1
Therefore, we will get:
at x=1, f(1)=-9
Again for finding f(1.5), we will put the value of x = 1.5
Therefore, we will get:
at x=1.5, f(1.5)=-23/16
Again for finding f(2), we will put the value of x = 2
Therefore, we will get:
at x=Q, f(2)=8
Since fear is not zero on \($1 \leqslant x \leqslant 2$\) then it does not have a zero.
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Why would it be a good idea to mix stocks and bonds in your investment portfolio?
Answers
Answer:
To have more variety and just more in general!
Explanation:
Hope this helps!
if there is a decrease in the desire of foreigners to purchase goods and services from the u.s. and put money in u.s. banks and businesses, then how would this affect the u.s. foreign exchange market?
Answers
Exchange rate volatility may have an effect on competition. The cost of importing goods may rise as a result of the depreciation of your local currency, which could lead to a decrease in imports.
What occurs when the demand for foreign currency rises?When there is a large demand, prices rise and the value of the currency rises, according to supply and demand economics. On the other hand, when a country imports more than it exports, there is typically less of demand for its currency, which leads to a decline in pricing. A currency's value depreciates or decreases.The value of imported goods will alter depending on exchange rates, especially domestic ones that depend on imported raw materials and components.Exchange rates can have an impact on the housing and employment markets in addition to inflation, interest rates, and investment performance.Learn more about depreciation, from:
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how does the level of change in gross domestic product influence a firm like sany
Answers
Change in gross domestic product can influence a firm like sany as increasing GDP is beneficial for a firm like Sany, as it may lead to increased sales and profits and vice versa.
The level of change in gross domestic product (GDP) can have a significant influence on a firm like Sany. GDP is a measure of a country's overall economic output, and changes in GDP can indicate changes in the overall health of the economy.
If GDP is increasing, this generally indicates that the economy is growing and that there is increased demand for goods and services. This can be beneficial for a firm like Sany (which is a manufacturing company), as it may lead to increased sales and profits. On the other hand, if GDP is decreasing, this generally indicates that the economy is shrinking and that there is decreased demand for goods and services. This can be detrimental for a firm like Sany, as it may lead to decreased sales and profits.
In addition, changes in GDP can also influence other economic factors, such as interest rates, inflation, and unemployment, which can all have an impact on a firm's operations and financial performance. For example, if GDP is decreasing and the economy is in a recession, interest rates may be lowered to stimulate economic growth. This can be beneficial for a firm like Sany, as it may make it easier to borrow money for expansion or other business purposes.
Overall, the level of change in GDP can have a significant influence on a firm like Sany, and it is important for firms to closely monitor changes in GDP and the overall health of the economy in order to make informed business decisions.
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During a period of? deflation, which of the following statements is? true? A. Real average hourly earnings are likely to increase faster than nominal average hourly earnings during a period of deflation. B. Real earnings will not fall as much as nominal? earnings, and will rise if the decline in prices is less than the decline in nominal earnings. C. As prices of goods and services decrease during a period of? deflation, nominal earnings are likely to rise quickly. D. All of the above.
Answers
A. Real average hourly earnings are likely to increase faster than nominal average hourly earnings during a period of deflation.
The correct answer is A. During a period of deflation, when the general price level is falling, real average hourly earnings (adjusted for inflation) are likely to increase faster than nominal average hourly earnings. This is because the decline in prices makes the purchasing power of each unit of currency increase, meaning that workers can buy more goods and services with their earnings. As a result, their real earnings, which reflect the actual purchasing power, will rise even if nominal earnings remain unchanged or increase at a slower rate.
Option B is incorrect because it suggests that real earnings will not fall as much as nominal earnings during deflation, which is not necessarily true. If prices decline faster than nominal earnings, both nominal and real b can decrease.
Option C is also incorrect because it implies that nominal earnings will rise quickly during deflation, which is unlikely. Deflation typically leads to lower nominal earnings as prices decrease, not an increase in nominal earnings.
Therefore, the correct answer is A, b that real average hourly earnings are likely to increase faster than nominal average hourly earnings during a period of deflation.
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Which of the following itemized deductions is not allowed for AMT?
a-miscellaneous expenses
b-depreciation
c-medical expenses
d-charitable contributions
Answers
Option A: Miscellaneous expenses is not allowed for AMT.
Under the AMT (alternative minimum tax) system, certain deductions, particularly those that are itemized, are either reduced or disallowed. The deductions that are disallowed for AMT are mentioned below, among which miscellaneous deductions is not allowed for AMT.What are the deductions disallowed for AMT?Miscellaneous deductions not permitted under AMT, including:
Unreimbursed employee business expenses
Tax preparation fees
Legal fees for the production of taxable income
Investment fees and expenses
Miscellaneous deductions subject to the 2 percent of adjusted gross income limit
Since 2018, none of the above deductions are permitted under regular income tax rules. However, in the case of AMT, the deductions mentioned above are disallowed.
However, items such as property taxes, mortgage interest, and charitable donations, which are typically high-dollar itemized deductions, are permitted in the AMT system if the taxpayer pays at least the AMT standard deduction amount.Medical expenses and depreciation, on the other hand, are not among the deductions that are disallowed under AMT.
Thus, the answer to the question would be Option A: Miscellaneous expenses.
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what is the correct order of events for the creation of a substantive rule?
Answers
The creation of a substantive rule typically follows a general process that involves several steps.
The correct order of events for the creation of a substantive rule is as follows:
Issue identification: The agency or governing body identifies an issue that requires the creation of a new rule or the amendment of an existing rule.Notice of proposed rulemaking (NPRM): The agency publishes an NPRM in the Federal Register, which outlines the proposed rule, provides a rationale for the rule, and invites public comments.Public comment period: The public is given a period of time to submit written comments on the proposed rule, and the agency must consider these comments in developing the final rule.Final rule: Based on the comments received, the agency may modify the proposed rule before issuing a final rule. The final rule is published in the Federal Register and becomes effective on a specified date.Judicial review: Interested parties may challenge the final rule in court, arguing that it exceeds the agency's authority, is arbitrary and capricious, or violates other legal requirements.Implementation: Once the rule has been finalized and any legal challenges resolved, the agency begins implementing and enforcing the rule.It's important to note that this is a general process, and the specifics may vary depending on the agency, the type of rule being created, and other factors.
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Thinking about the market for bank reserves. If the Federal Open Market Committee announces that it wants to tighten monetary policy, which of the following occurs?
The Federal Reserve of New York buys securities and the supply curve shifts to the left
The Federal Reserve of DC buys securities and the demand curve shifts to the right.
The Federal Reserve of New York sells securities and the supply curve shifts to the left
The Federal Reserve of DC sells securities and the supply curve shifts to the right
Answers
If the Federal Open Market Committee (FOMC) capital announces that it wants to tighten monetary policy, the correct option would be. The correct answer is c.The Federal Reserve of New York sells securities and the supply curve shifts to the left.
When the FOMC wants to tighten monetary policy, it aims to reduce the money supply in the economy. One of the tools the Federal Reserve uses to achieve this is open market operations, which involve buying or selling securities in the open market.
When the Federal Reserve sells securities, such as Treasury bonds, in the open market, it decreases the reserves held by banks. As a result, the supply of bank reserves decreases. This reduction in reserves puts upward pressure on the interest rates in the federal funds market, making borrowing more expensive and potentially reducing lending and spending in the economy. Therefore, the correct statement is that the Federal Reserve of New York sells securities and the supply curve shifts to the left.
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when colgate-palmolive and unilever take a successful product that they marketed in one part of the world and market it elsewhere, they are following a market development strategy (according to ansoff's product-market matrix).
Answers
Yes, that is correct. According to Ansoff's Product-Market Matrix, a market development strategy involves introducing existing products into new markets.
When Colgate-Palmolive and Unilever take a successful product that they marketed in one part of the world and introduce it into a new market, they are following a market development strategy. This strategy allows them to expand their customer base and increase sales without having to create new products.
By leveraging their successful product in a new market, they can benefit from economies of scale, increased purchasing power, and other efficiencies that come with greater volume.
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Laurel's productivity has been reduced due to the large quantity of unwanted e-mail she receives. What steps can she take to decrease the amount of e-
mail she gets?
Stop reading e-mail at work.
Stop posting her e-mail address on newsgroups.
Read e-mail messages every hour.
Forward spam to spamQuce.gov.
Carefully read and complete subscription forms.
Answers
Answer: Stop posting her e-mail address on newsgroups; most persons who contact randomly get this mails from sites and other media pages, not posting your mails there limit their access to your mailbox
- Forward spam to spamQuce.gov.
- Carefully read and complete subscription forms; she can select the mails she subscribes to and unsubscribe from those which are not important to her
Explanation:
Many individuals find it hard to work when they have so many mails on their inbox, there are ways Laurel can manage the excess mails, here are a few of them;
- Stop posting her e-mail address on newsgroups; most persons who contact randomly get this mails from sites and other media pages, not posting your mails there limit their access to your mailbox
- Forward spam to spamQuce.gov.
- Carefully read and complete subscription forms; she can select the mails she subscribes to and unsubscribe from those which are not important to her
3. You plan to retire 25 years later. What equal amount of money would you need to deposit in the same account at the end of every year for the next 25 years in order to accumulate $2 Million at the instant the 25th deposit is made? Assume the bank pays interest at the rate of 5% per year. 4. What equal sums of money should you invest in a bank at the end of every year for the next 10 years in order to accumulate $50,000 at the end of 10 years, that is, just when the 10 th deposit is made? Assume the bank pays interest at the rate of 12% per year compounded weekly.
Answers
To accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
To calculate the equal amount of money needed to deposit in the bank for both scenarios, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × \(\left(1 + \text{{interest rate}}\right)^{\text{{number of periods}}} - 1\) ÷ interest rate
Let's calculate the amounts needed for each scenario:
Retirement Savings:
Future Value = $2,000,000
Interest Rate = 5% per year
Number of Periods = 25 years
Using the formula, we can calculate the equal amount needed to deposit each year:
$2,000,000 = Payment ×\([(1 + 0.05)^2^5 - 1]\) ÷ 0.05
Solving for Payment, we find:
Payment = $2,000,000 × 0.05 ÷ \([(1.05)^2^5 - 1]\)
Payment ≈ $40,678.91 (rounded to the nearest cent)
Therefore, to accumulate $2 million at the end of 25 years, you would need to deposit approximately $40,678.91 at the end of each year.
Investment for Accumulating $50,000:
Future Value = $50,000
Interest Rate = 12% per year (compounded weekly)
Number of Periods = 10 years
Using the formula, we can calculate the equal amount needed to invest each year:
$50,000 = Payment × \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\) ÷ (0.12/52)
Solving for Payment, we find:
Payment = $50,000 × (0.12÷52) ÷ \([(1 + 0.12/52)^(^5^2^*^1^0^) - 1]\)
Payment ≈ $3,140.44 (rounded to the nearest cent)
Therefore, to accumulate $50,000 at the end of 10 years, you would need to invest approximately $3,140.44 at the end of each year.
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how much does it cost to tent a house for termites
Answers
Termite treatment costs between $222 and $931, or $576 on average. Depending on the type of treatment, size of your home and severity of the infestation, you may pay anywhere from $3 to $16 per linear foot. Compare quotes from exterminators near you for the best treatment solution and price. Dealing with termite problems gets more expensive over time. The moment you suspect your home has them, you should hire a pro for inspection and treatment.
Need help what’s the answer
Answers
Answer: C
Explanation: The demand curve of Iphone cases falls due to the increase of the iphones price. Hope this helps.
How many corporations still offer their employees a pension plan
10%
50%
12%
20%
Answers
4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
What is Gravitational law and how yo solve it
Answers
Explanation:
I believe this is what you are asking for, Newton's law of gravitation.
The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.
small athletic shoe manufacturers such as vans target niche markets like street culture or action sports enthusiasts, making shoes designed to satisfy the needs of these different specific groups of customers. this strategy is an example of
Answers
This strategy is an example of market segmentation as manufacturer is trying to design shoes for different groups of people such as for sports enthusiast and for street culture.
Market segmentation is the technique of separating a large customer or company market into several smaller customer base (regarded to as segments) relying on some a kind of common characteristics. Generally, this method involves existing and prospective customers.
Market segmentation help the marketers to design product and services based on the requirement of each group/segment. Market segmentation is crucial because it strives to make a firm's promotional strategies more influential and centered, as contrasted to generally catering to all prospective consumers. A company can enhance its likelihood of generating sales while also being more resource-efficient by providing customized plans for particular product lines with intended audience in mind.
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in the wake of the industrial revolution and with the rise of capitalism, governments adopted a laissez-faire attitude towards business affairs, meaning that government should:
Answers
Governments adopted a laissez-faire attitude towards business affairs, meaning that government should Refrain from redistributing wealth through poor relief, as doing so will threaten the national economy
Unbiased hobby practices are one of the laissez-fair crucial characteristics for being a commercial enterprise society. Additionally, it is frequently regarded as a capital corporation, which implies that shareholders may have unrestricted freedom to increase or decrease their involvement and advertise their shares.
All of these reasons led the government to decide to adopt a laissez-faire approach, which is tempting to marketers who need to create great commercial companies.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answers
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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What is the purpose of Journals in the accounting cycle?
A. Provide proof of all transactions
B. Record transactions for a business
C. Determines if credits and debits are equal
D. Records transactions in accounts
Answers
Answer:
b. record transactions for business
Explanation:
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
with examples, differentiate between direct and indirect tax
Answers
Answer:
Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.
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