Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Year 2 Year 1
Sales (all on account) $ 781,000 $ 609,000
Cost of goods sold 409,000 344,000
Average inventory during the year 133,000 123,000
Average receivables during the year 150,000 100,000
1. Compute the gross profit percentage for both years. (Round your percentage answers to the nearest whole number. i. e. 0.1234 as 12%.)
2. Compute the inventory turnover for both years. (Round your answers to 1 decimal place.)
3. Compute the accounts receivable turnover for both years. (Round your answers to 1 decimal place.)

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u. s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.

Which of the following economic behaviors causes scarcity? a limited supply and unlimited demand b limited supply and unlimited credit c limited supply and limited regulation d limited supply and limited incentives