________, the annual sales at cost divided by the average aggregate inventory value, is the number of times a year that a firm completely replenishes its inventory
Fill in the blanks with correct word
Inventory turnover (turns)
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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1Beginning inventory15 units at $20 eachJune 15Sale of 6 units for $50 each June 29Purchase8 units at $25 eachThe cost of the ending inventory is:
A. $380 B. $200 C. $220 D. $300 E. $275
Which of the following is true of a break point on a firm's marginal cost of capital (MCC) schedule?
A. A break point (BP) is defined as the last dollar of new total capital that can be raised before an increase in the firm's weighted average cost of capital (WACC) occurs. B. A break point (BP) is defined as the weighted average cost of capital (WACC) of the last dollar of new capital that a firm raises. C. A break point denotes the cost of obtaining an additional dollar of new capital that is required to meet the firm's capital budgeting needs. D. At the break point, the marginal cost of raising new capital equals the marginal revenues generated from investing the new capital. E. A break point shows the point at which the yield to maturity (YTM) on debt is equal to the firm's required rate of return.
A company's gross profit was $83,750 and its net sales were $347,800. Its gross margin ratio equals:
A. 24.1%. B. $264,050. C. $83,750. D. 75.9%. E. 4.2%.
If activity is higher than expected, total fixed costs should be higher than expected. If activity is lower than expected, total fixed costs should be lower than expected.
Answer the following statement true (T) or false (F)