The current inventory turnover at retail for Johnny's Apple Shop is 2.8, based on net sales of $2,546,460. The published inventory turnover at retail is 4.2. Since the actual turnover rate is less than the published rate, find the target average inventory at retail
$606,300
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What will be an ideal response?
Predicate agreement means that a predicate must agree with its simple subject in number and in person
Indicate whether the statement is true or false
Pelican Corporation receives a ten-month $200,000 discount interest loan with a 14 percent quoted (simple) interest rate. What is the annual percentage interest rate for the loan? (Round your answer to two decimal places.)?
A. ?15.54% B. ?14.96% C. ?15.85% D. ?16.08% E. ?14.75%
Tom and Heidi, husband and wife, file separate returns. Tom and Heidi live in a common law state. Tom's salary is $82,000 and Heidi's salary is $80,000. Heidi receives dividend income of $7,000 from stock inherited from her parents. Tom receives interest income of $5,000 from bonds purchased with his salary after marriage. Tom and Heidi receive $12,000 dividend income from stock they purchased jointly. Tom's income would be
A. $96,500. B. $93,000. C. $92,000. D. $94,000.