What was the cost of goods sold for Lunar Company, if the days in inventory ratio was 73 days, and the average inventory was $125,000 for the most recent fiscal year

Answers

Answer 1

The cost of goods sold for Lunar Company, if the days in inventory ratio was 73 days is:$625,000.

Cost of goods sold

Using this formula

Cost of goods sold=365 day/Days in inventory ratio ×Average inventory

Where:

Days in inventory ratio=73 days

Average inventory=$125,000

Let plug in the formula

Cost of goods sold=365/73 days×$125,000

Cost of goods sold=$625,000

Inconclusion the cost of goods sold for Lunar Company, if the days in inventory ratio was 73 days is:$625,000.

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Related Questions

Consider a public policy aimed as e-cigarettes. Assume the elasticity of demand is 0.4. If a Juul with two pods cost $40.00 and the government wants to reduce Juuling by 20 percent then by how much should the price have to rise

Answers

In order to reduce the Juuling by 20%, price would have to rise by 50%.

What is price elasticity of demand?

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

What should be the percentage rise in price?

0.4 = 20%/ price

price = 20% / 0.4

= 50%

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Confidentiality is the:
a. the safekeeping of patient information by controlling access to hard copy and computerized records
b. restriction of access to patient information to those with proper authorization
c. private information shared between a patient and health care provider
d. the right of individuals to keep their information from being disclosed to others

Answers

Answer: Its A Iam sure i got an 100% I promise just check ok tell me to watch

Explanation:

If the risk-free rate is 3.80 percent and the risk premium is 2.8 percent, what is the required return

Answers

Answer: 6.6%

Explanation:

The expected rate of return is simply the risk free rate + the risk premium. So, 3.8% + 2.8% = 6.6%.

- The risk free rate is the return an investor would receive without any risk.
- The risk premium is the return an investor would receive over and above the risk free rate.

- Conceptually, if we rearrange this formula, if an investor require a rate of return of 6.6%, then the risk premium is simply the excess rate over the risk free rate. So, 6.6% - 3.8% = 2.8%. Here we can check that our work is correct.

Which of the following are correct regarding why management uses internal controls? (Check all that apply.) Multiple select question. uphold company policies. promote efficient operations. reduce vendor payables. increase revenues. protect assets. ensure reliable accounting.

Answers

The options that explain why management uses internal controls are:

Uphold company policies.Protect assets.Promote efficient operations. Ensure reliable accounting.

What are Internal Controls?

Internal controls refer to those measures that are put in place by the organization to allow for conformance with the organizational objectives.

When internal controls are put in place, the vision of the company will be achieved because the employees adhere to the policies of the organization.

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One example of a(n) __________ effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.

Answers

An example of direct effect of foreign direct investment is when jobs are created because of increased local spending by employees of an MNE.

What is foreign direct investment ?

A foreign direct investment  can be regarded as  purchase of an interest in a company and this is done outside border of a country.

It is a business decision to get substantial stake as regards  a foreign business .

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The accounts receivable aging report:

a. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

b. contains a computer-generated list of procedures, services, and supplies with charges for each

c. contains the same information as a paper-based remittance advice

d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients

Answers

Answer:

A. includes a chronological summary of all transactions posted to individual patient ledgers/accounts on a specific day

The accounts receivable aging report: d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients.

What is accounts receivable aging report?

Accounts receivable aging report is a report that help to record customers or clients balances that are yet to be paid as well as the date which shows how long the invoice balances has remain outstanding.

The accounts receivable aging report important as it help to summarize and categorize a company or an organization account receivable that are due from customers at a particular period of time.

Inconclusion the accounts receivable aging report: d. shows the status (by date) of outstanding claims from each payer, as well as payments due from patients.

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Uncle Ulysses can obtain an additional 10 hours of painting capacity free of charge by training his
interns to paint. If he did this, how would his profits be affected?
A) Profit would increase by $6.92.
B) Profits would increase by $1.58.
C) Profits would decrease by $20.
D) Cannot tell from the information provided

Answers

Answer:

C

Explanation:

So basically you do that then multiple that 2x

Uncle Ulysses can obtain an additional 10 hours of painting capacity free of charge by training his interns to paint.  His profits  cannot tell from the information provided. thus option (D) is correct.

What is a Painting?

A painting is the expression of ideas and emotions of the artist. An artist uses his creative aesthetic qualities in a two-dimensional visual language in the form of painting.

The artist use various  elements like shapes, lines, colors, tones, and textures in various ways to produce sensations of volume, space, movement, and light on a flat surface.

A painting can be created on any surface from small stone to big building. Every character in a painting depicts some emotions and gives life to it. From paleolithic age to the modern era, the paintings are an important part of art.

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I need help.
Extra points for this one.

Subject: Business/Economics

Answers

Answer:

Third option is correct. A monopoly involves no competition at all.

Explanation:

hope this helps :)

Social Security payments are indexed for inflation using a. the CPI. b. the PPI. c. real interest rates. d. the GDP deflator.

Answers

Social Security payments are the yardstick for inflation that often uses the CPI.

Does Social Security use CPI?

Social Security benefits are known to be the indexed for inflation based on the result given by the CPI-W.

The CPI is used often in the adjusting  of income-tax brackets and also used to know the interest rates for Treasury Inflation Protected Securities known as TIPS .

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Hudson Manufacturing prides itself on using a renewable energy source to run its plant. What is an example of a renewable energy source this company might use

Answers

The an example of a renewable energy source this company might use are biofuels, geothermal power, hydro electrical power or solar power.

What is renewable energy?

This is known to be a type of energy that originates from a source that is known to not in danger of being used up by people because it can be gotten back relatively fast.

The examples of renewable energy source are biomass, biofuels, geothermal power, hydro electrical power and others.

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eness and HIPAA Awareness Training (800270)
racy Awareness and HIPAA Awareness Training
Colleagues should never "snoop" or look up information of
another colleague when there is no business purpose. Which of
the following are examples of accessing information without a
business purpose? (Select all that apply)
A colleague shares the name of the medication another colleague is taking.
A colleague decides to send an invitation to an event to another colleague and

Answers

An example of accessing information of another colleague when there is no business purpose is: sharing the name of the medication another colleague is taking.

What is HIPAA?

HIPAA is an acronym for Health Insurance Portability and Accountability Act. It was a bill that was enacted by the 104th U.S Congress and signed by President Bill Clinton in 1996, as a federal law to protect sensitive patient health information (PHI) from being disclosed to third-parties without their knowledge, approval (consent) or use and payment of health care insurance for employees.

Furthermore, colleagues (employees) are prohibited from looking up information (snooping) or accessing information of another colleague when there is no business purpose such as sharing the name of the medication another colleague is taking.

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Punishable by imprisonment for 2 - 10 years in the institutional division; in addition to, may be fined up to $10,000.
A Capitol Felony
B 1st Degree Felony
C 2nd Degree Felony
D 3rd Degree Felony
E State Jail Felony

Answers

Answer:

A conviction for a third degree felony carries between 2 and 10 years in jail. It also carries a fine of up to $10,000. So C

Explanation:

A 3rd Degree Felony: Punishable by imprisonment for 2 - 10 years in the institutional division; in addition, may be fined up to $10,000. Thus, option D is the correct option.

What is a 3rd Degree Felony?

The offences that fall under the category of third-degree felonies and the charges that may be brought against a person for them vary greatly depending on the jurisdiction. Courts use unique felony categorization systems in various regions. To characterize crimes, they may employ number (1-3 or 1-6) or letter (A-D or A-I) systems.

The most serious crimes are often denoted by the lowest numbers or letters, however, all felonies are serious offences that carry mandatory prison sentences as well as additional consequences like fines. Often, sentences are accompanied by a temporary loss of rights, such as the ability to vote. Furthermore, it could be challenging to properly reintegrate into society if you have a criminal record.

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Gfbhrfjugbcfvjgfbnkgfbjjff if fvhhhgfvvb

Answers

Answer:

I agree, I see the strength in your work

Business ethics requires all except the following: Group of answer choices weighing the benefits of a decision compared to its harm consideration of duties owed to other human beings the characteristics possessed by a virtuous person contemplation of Christian principles of faith the care we have for the well-being of those affected by business decisions

Answers

Business ethics requires all the following options except the contemplation of Christian principles of faith.

What is Business Ethics?

The principles for morally acceptable and unethical corporate conduct are referred to as business ethics.

Business ethics are established by corporations to encourage employee ethics and acquire confidence from important stakeholders such as shareholders and consumers.

From the given information, the ethics of business that is not acceptable is:

The contemplation of Christian principles of faith.

This is because it challenges an individual personal faith and doesn't have any relation to business.

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Terry's Trees has reached its break-even point and has a contribution margin ratio of 70%. For each $1 increase in sales ______.

Answers

Answer:

- total contribution margin will increase by $0.70

- net operating income will increase by $0.70

Explanation:

What is the expected rate of return for a stock that has a beta of 1 if the expected return on the market is 14%

Answers

Answer:

Therefore, the expected rate of return is 15 %.

You are the CFO of Designer Brands and expect your firm to generate FCFs of $550,000 per year (starting next year) for 10 years. After that, annual FCFs will grow by 1% per year forever. Therefore, FCF in year 11 would be higher than FCF in year 10, FCF in year 12 would be higher than year 11, and so on. You expect a cost of capital of 4% for Designer Brands. How much would you value Designer Brands

Answers

I would value the Designer Brand as $16,970,189.21.

What is the value of the designer brand?

The value of the designer brand can be determined using the two-stage FCF growth model.

FCF each year from year 1 to 10 = $550,000

FCF from year 11 = ($550,000 x 1.01) / (0.04 - 0.01) = $18,516,666.67

The present value of the FCF would be determined next:

($550,000 / 1.04) + ($550,000 / 1.04^2) + ($550,000 / 1.04^3) + ($550,000 / 1.04^4) + ($550,000 / 1.04^5) + ($550,000 / 1.04^6) + ($550,000 / 1.04^7) + ($550,000 / 1.04^8) + ($550,000 / 1.04^9) + ($550,000 / 1.04^10) + ( $18,516,666.67 / 1.04^10) = $16,970,189.21

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Tracie will receive payments of $550 a month for ten years. What are these payments worth today at a discount rate of 6 percent, compounded monthly

Answers

The worth of these payments to Tracie today at a discount rate of 6% compounded monthly is $49,540.40.

What is the present value?

The present value is the discounted value of future cash flows.  It can be calculated using an online finance calculator as below:

Data and Calculations:

Periodic receipts = $550 per month

Period of receipts = 10 years

Interest interest = 6% compounded monthly

N (# of periods) = 120 (10 years x 12 months)

I/Y (Interest per year) = 6%

PMT (Periodic Payment) = $550

FV (Future Value) = $0

P/Y (# of periods per year) = 12

C/Y (# of times interest compound per year) = 12

Results:

PV = $49,540.40

Sum of all periodic payments = $66,000.00 ($550 x 120)

Total Interest = $16,459.60

Thus, the worth of these payments to Tracie today at a discount rate of 6% compounded monthly is $49,540.40.

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Jacinta is a supervisor at a customer service call center. She set a ________ objective for her subordinates to decrease their average call times by 12%.

Answers

She set a performance objective for her subordinates to decrease their average call times by 12%.

What is performance objective?

Performance objectives is an objectives or goals set for employees so as to enables them achieve the company  set objective or to achieve the company or organization goals.

Most supervisor tend to make use of performance objective for their subordinate for the success of the company by decreasing anything that may affect their subordinates productivity toward the company growths.

Inconclusion she set a performance objective for her subordinates to decrease their average call times by 12%.

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Those in China with more than one child are expected to pay for education and health care for their second children. What does this policy
imply?

A.
That education and health care are free for the first child.

B.
There are not enough places for all children in Chinese schools.

C.
That very few people in China can afford education and health care.

D.
The Chinese government is not interested in the health or education of children.

Answers

Answer:

A.

That education and health care are free for the first child.

Which of the following statements about purpose in communication is true?
O A. The purpose of a communication is always persuasive.
O B. Purpose statements are too specific and do not help one think strategically about the best content to use.
OC. Thinking about the desired outcome often helps communicators refine the purpose of their communication.
OD. Purpose and outcome are the same.
O E. Business messages that are purely informative do not need a purpose.

Answers

The true statement thinking about the desired outcome often helps communicators refine the purpose of their communication.

Purpose of communication

Communication is simply the act of transferring information from one place, person or group to another.

For every communication, there is presence of at least one sender and a recipient.

Communication is key to inform, express feelings, imagine, to influence, and to meet social expectations.

Based on the explanations, thinking about the desired outcome often helps communicators refine the purpose of their communication.

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Economies of scale exists when

Answers

Answer:

Economies of scale exits when more units of a goods or services are produced on a larger scale with (no average) fewer inputs costs.

External economies of scale can also be realized whereby an entire industry benefits from a development such as improved infrastructure.

Lucie Corporation's purchasing manager obtained a special price on an aluminum alloy from a new supplier, resulting in a direct-material price variance of $9,500F. The alloy produced more waste than normal, as evidenced by a direct-material quantity variance of $2,000U, and was also difficult to use. This slowed worker efficiency, generating a $2,500U labor efficiency variance. To help remedy the situation, the production manager used senior line employees, which gave rise to a $900U labor rate variance. If overall product quality did not suffer, what variance amount is best used in judging the appropriateness of the purchasing manager's decision to acquire substandard material?

Answers

Answer:

he alloy produced more waste than normal, as evidenced by a direct-material quantity variance of $2,000U, and was also difficult to use. This slowed worker ...

1 answer

·

Top answer:

Favorable Direct-material price variance 9500 F Les...

Explanation:

How to,
Evaluate yourself in the learning, time and effort you have put into this course. What grade you think deserve?

Answers

Answer:

i think that i would have to give myself maybe a B+ or C+

Explanation:

If you deposit $8,000 in a bank account that pays 3% interest annually, how much will be in your account after 5 years

Answers

Deposit, P = $8000

Interest rate, r = 3%

Period, t = 5 years

Future value = P * (1+r)t

Amount in account after 5 years = 8000 * (1+3%)5 = $ 9274.19

What should you do when the job you interviewed for is not what you wanted?
a.
Accept the position
b.
Reject the position
c.
Ignore all offers
d.
None of the above


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

> The answer to your query would be the second option.

Explanation:

> We can go through the process if elimination to find the best answer choice possible.


> The first one; “Accept the position” is not the correct choice, as you don’t want the job. Therefore, you should try your best to keep yourself away from it. Accepting the job and working for them is not what you want, so this is not the correct answer.


> The second one; “Reject the positions” is correct, as you would want to politely say no to the job offer, and continue with something else. A way of rejecting the offer would be to write an email or letter stating that you are no longer interested in the job position, and kindly say no to it. Once again, this is the correct answer.


> The third one: “Ignore all offers” is not the correct answer, as this is rude and impolite. This may also backfire on you if they have connections with other companies you may be interested in working for.


> The fourth one: “None of the above”, is not the correct answer, as we found that the second answer is correct.

> We have successfully completed the process of elimination, and found that the second answer is the correct one. Once again, the correct answer is B) Reject the position


> I hope this successfully solved your problem, and answered any other queries you may have had on the subject. #LearningWithBrainly

Answer:

its b

Explanation:

yw

When she visited Italy, Catherine noticed that restaurants were slower to deliver food and expected customers to stay longer than she was used to in the U.S. This is an example of a:

Answers

Given that the restauranys were slower to deliver food than what she was used tpo in the United States, this is an example of folkway.

What is folkway?

Folk way can be reagrded to mean the traditional way or maethod of doing things in a certain group of people.

This is the answer due to the fac tthat the people are different from the Americans, their own methods differ from others.

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Providers can use software to convert claims to an electronic:

a. flat file format

b. data interchange

c. remittance advice

d. funds transfer

Answers

Answer:

Flat file format

Explanation:

This is a format used to store reportsProviders store their claims as a document.That document is flat file .

Option A is correct

Providers can use software to convert claims to an electronic flat file format. Thus the correct option is  A.

What is software?

A computer's operating system and various activities are carried out by a program, which is a compilation of instructions, data, or applications called software.

This software are mainly of three types which include system software, like compiler and interpreter, application software like Microsoft word, and utility software like Antivirus program.

A flat file that includes just one datasheet. Table by table, the user can set data attributes like columns and data types, and those elements are stored separately from applications.

Complaints can be converted to a digital flat file format using software by providers. The Providers can store their claims in a flat file using this format, which is used to record reports.

Therefore, option A flat file format is appropriate.

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If a shortage exists in the hamburger market, then the current price must belower than the equilibrium price. For the market to reach equilibrium, you would expect

Answers

For the market to reach equilibrium, you would expect prices to rise.

What is a shortage?

A shortage exists when quantity demanded exceeds quantity supplied. This is because price is below equilibrium price. Equilibrium price is the price at which quantity demanded is equal to quantity supplied.

For a shortage to be resolved, prices would rise until equilibrium price is reached.

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There are different kinds of market. For the market to reach equilibrium, you would expect buyers to offer higher prices.

What happens if there is a shortage of a good at the certain price?

When there is a kind of surplus existing in the market, price tends to fall so as to entice additional quantity to be demanded and lower the quantity supplied until the surplus is removed.

When  shortage exists, price tends to rise so as to entice additional supply and lower quantity demanded until the shortage is removed.

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Question 2 of 20
Which of the following is a problem for the production of public goods?
A. An increasing demand curve.
B. The possibility of free riders.
C. Inefficient production.
D. Rivalry among consumers.

Answers

Answer:

B. Possibility of free riders

Explanation:

Took the unit test :)

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