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MAXImum [283]
2 years ago
10

Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec

h’s cost of goods sold?
Business
1 answer:
Goryan [66]2 years ago
8 0

Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

Now,

we know,

Inventory turn ratio  = ( Cost of goods sold ) ÷ ( Average inventory )

thus,

60 = ( Cost of goods sold ) ÷ $250,000

or

Cost of goods sold = 60 × $250,000

or

Cost of goods sold = $15,000,000 or $15 million

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Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2003, Sotheby’s s
Mars2501 [29]

Answer:

His annual rate of return on this sculpture is -4.46%.

Explanation:

let PV be the amount invested and after t periods it turns to be FV

FV = PV(1+r)^t

(1+r)^t = FV/PV

1 + r = (FV/PV)^(1/t)

r = (FV/PV)^(1/t) - 1

t is the number of years from 1999 to 2003, t = 2003 - 1999 = 4 years

FV = $10,311,500

PV = $12,377,500

  r = ($10,311,500/$12,377,500)^(1/4) - 1

  r = -0.0446

therefore, His annual rate of return on this sculpture is -4.46%.

6 0
2 years ago
Summers, Inc., is an unlevered firm with expected annual earnings before taxes of $32.5 million in perpetuity. The current requi
mezya [45]

Answer:

Check the explanation

Explanation:

Check the attached image below for:

1) Value of equity = EBIT x (1 - tax) / Cost of equity

2) Stock Price

3) PV of tax shield

Value of the firm

4) Price per share

5) No. of shares repurchased

6) New price

7) Value of equity = (EBIT - Interest) x (1 - tax) / Cost of equity

8 0
2 years ago
A carpenter was nailing a strap onto a residential single-story home construction project using a nail gun with a 16d nail to af
Rudiy27

Answer: Struck by hazards.

Explanation:

Struck by hazards is caused when there is a sudden forceful contact between an object and an injured person.

Classes of stuck by hazards include

1. Falling objects, for example a falling wood from a construction site.

2.Rolling objects.

3.Swinging objects.

4.Flying objects.

• It is important to note that putting in place and using the right safety measures can serve as a means of protection against any form of job related hazard.

4 0
2 years ago
Which of the following statements is the most accurate? Group of answer choices a. Closing is the final and most important step
givi [52]

Answer:

A. Closing is the final and most important step in the selling process.

Yes, it is very accurate statement, closing is the final and most important step in the selling process. This is the step which leads towards the results and actual sale number. Here salesperson has to close the selling process very effectively, he or she should try to close it by taking a certain yes from the customer. This step should involve getting the customer to agree to a trial use of the product or brand,

B. Once a sales presentation is completed, the salesperson should attempt to close as quickly as possible before the customer expresses any doubts or concerns.

No its not that much true and accurate statement because sale person should try to do the presentation part of the selling process quite efficiently, and comprehensively, he or she should try to tick all the boxes. He or she should explain each and every thing about the product in very much detail so customer can understand why he or she should buy that product or brand.

C. Closing may involve getting the customer to agree to a trial close.

Yes, this statement is very much true and accurate because closing is the last and one of the important step of the selling process, this is the step which leads towards the results and actual sale number. Here, salesperson is required to close the selling process very effectively, he or she should try to close it by taking a certain yes from the customer. Sale person should persuade the customer for buying a smaller packaging of product or the customer should be persuaded to take the trial package or promotion packaging of a brand so he or she could actually use the product then the chances will be higher to make him or her a regular customer.

D. If the salesperson has done a good job of qualifying prospects and has developed a strong presentation, then closing is the easiest step in the selling process.

Yes, this statement is very much accurate. As qualifying prospect is the very first and initial step of selling process. If sale person succeeds in identifying the most right customer for their brand then the rest of the process becomes very much easy to generate an actual sale. Afterwards, if the detailed and comprehensive presentation is given to the presentation by realizing the customer that why he or she needs to buy this particular brand, then the last step closing becomes so much easy and chances are very much higher that the customer will give a positive response and buy the product.

6 0
2 years ago
Livro Company has three operating segments with the following information: Books Calendars Bags Sales to outsiders $ 8,650 $ 4,3
nalin [4]

Answer:

minimum amount of revenue that segment of each generate separate is = $2295.5

Explanation:

given data

Bags Sales = $8,650

Bags Sales = $4,360

Bags Sales  = $6,650

Intersegment transfers = 665

Intersegment transfers = 1,130

Intersegment transfers = 1,550

generates revenues = $1,000

solution

we get here total Sales to outsiders that is

total Sales to outsiders = $8,650 + $4,360 +  $6,650

total Sales to outsiders = $19660

and

Intersegment transfers is = 665 + 1,130 + 1500

Intersegment transfer = 3295

so that Combined Segment Revenue is

Combined Segment Revenue = 19660  + 3295

Combined Segment Revenue = 22955

so minimum amount of revenue that segment of each generate separate is 10% Criteria is

= 10 % of 22955

minimum amount of revenue that segment of each generate separate is = $2295.5

3 0
2 years ago
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