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Inventory Turnover
In the accounting, a measure of the number of times that the average amount of inventory on hand is sold within a given time of period. In the other manner, the inventory turnover ratio shows how many times an organization "emptied its warehouse" over a particular time period. This ratio is calculated by dividing the cost of goods sold for a specified period of time by the average amount of inventory on hand for that similar time period (average inventory is calculated by adding starting inventory and ending inventory for a given time period and after that dividing the sum by two), or
Q. Advantages of Trade Credit? i) Easy Availability: Unlike other sources of finance, trade credit is relatively easy to obtain. Except in the case of financially very unsou
FMAC 503 final individual assignment
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Answers
Q. Define Implicit cost and explicit costs? Implicit cost and explicit costs: the implicit cost is the rate of return associated with the best invests opportunity for the firm
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