Days of supply is a term used to quantify the number of days a given quantity will last under certain conditions. It can be applied to manufacturers (calculates the time between acquisition of materials and sale of finished products) and retailers (how long inventory will last without replenishing under predicted demand), among others. The calculation can also be applied to medication to determine the length of time medication will last with recommended usage.
Know MoreCalculate the number of doses being consumed on any given day. For instance, if the medicine needs to be taken every 12 hours, the number is 2.
Determine the number of available doses. For a new bottle that contains 100 pills, the number would be 100.
Divide the inventory figure by the number of doses used daily. In this case, the result would be 100/2 = 50 days.
To calculate interest, multiply the periodic interest rate by the principle amount. For example, if you borrowed $1000 with an interest rate of 10 percent, in a year your interest paid is $100.
Full Answer >Adjusted gross income, or AGI, is calculated by subtracting allowable deductions from gross income, as specified by the U.S. Internal Revenue Code. For taxpayers meeting annual federal income tax obligations, AGI is calculated on the first few lines of a federal income tax return form, such as Form 1040.
Full Answer >Business owners calculate gross revenue by multiplying the quantity of goods or services sold during a specific period by the sales price for each item, as explained by the Udemy website. Basically, revenue is the amount of money a company generates from its primary business activities.
Full Answer >Prorated amounts are calculated by dividing the cost of a service by the number of days in the service period, according to Lucas Hall from Landlordology. The resulting number is then multiplied by the number of days the service is used to find the prorated amount.
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