Lambert's Auto Mart had a beginning inventory of $1,400,800, purchases of $3,001,300, and an ending inventory of $1,600,500. Compute the inventory turnover when inventory and purchases are at retail.
Suppose that the average amount of sugar a person eats per year is 7 kg with a standard deviation of 1.5 kg.How many standard deviations from the mean is the consumption of 11 kg of sugar?
A) About 1.33 standard deviations above the mean B) About 1.33 standard deviations below the mean C) About 4.67 standard deviations above the mean D) About 2.67 standard deviations above the mean E) About 2.67 standard deviations below the mean
An investor borrowed $10,000 to buy shares of stock of a chain of retail gift stores. The loan was for 120 days at 9% ordinary simple interest. Compute the interest that the investor will pay on the due date. (Use a 360-day year.)