At the beginning of Year 2, England Dresses has an inventory of $80,000. However, management wants to reduce the amount of inventory on hand to $40,000 at December 31. If net sales for Year 2 are forecast at $240,000 and the gross profit rate is expected to be 24%, What is the cost of the merchandise which management should expect to purchase during Year 2? (Hint: First compute the expected cost of goods sold.)

Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%