BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
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Question
Chapter 2, Problem 6LO
Summary Introduction
To discuss: The key terms and tools in evaluating the economic performance.
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A company carries an average annual inventory of $4.3 million if it estimates the cost of capital is 13% so much costs are 9% and risk calls are 8%. What does it cost per year to carry this inventory?
What is the amount of the operating cash flow?
Given the information in the table below, what is the
company's gross profit?
Sales revenue
$460,000
Accounts receivable $314,000
Ending inventory
$230,000
Cost of goods sold
$175,000
Sales returns
$62,000
Sales discount
$24,000
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BUSN 11 Introduction to Business Student Edition
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