Moore’s Inc. will be making lease payments of $3,895.50 for a 10-year period, starting at the end of this year. If the firm uses
1 answer:
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Answer:
<u>2022:</u>
TO 3.48
Days outstanding: 105
Gross Profit rate: 20.33%
<u>2021:</u>
TO 3.83
Days Outstanding 95
Gross profit rate: 25.33%
Explanation:
2022
where:
Sales for 2022: $ 1,948,000
Average Inventory: (553,000 +586,000)/2 =560,500
<u>Inventory TO 3.475468332</u>
<u>Days on Inventory 105</u>
<u>Gross Profit Rates:</u>
(1,948,000 - 1552,000)/1,948,000 x 100 = 20.33%
2021:
Sales 1725000
Average Inventory (332,000 + 568,000)/2 = 450,000
<u>Inventory TO 3.833333333</u>
Days on Inventory 95
<u>Gross Profit Rates:</u>
(1,725,000 - 1,288,000)/1,725,000 =<u> 25.33%</u>
Answer:
The firm average total cost is $110
correct option is d. $110
Explanation:
given data
total fixed costs = $300,000 per year
average variable cost = $80
tents = 10,000
to find out
we know that average total costs is sum of average fixed cost and average variable cost .........................1
here
Average fixed cost = total fixed cost ÷ number of unit output
Average fixed cost =
Average fixed cost = $30
so
average total costs = Average fixed cost + average variable cost
average total costs = $30 + $80
average total costs = $110
correct option is d. $110