Answer:
A. Gig economy
Explanation:
Gig economy is a job system where organizations and independent workers agree on short-term work contracts. The term Gig means a <em>job for a specific time</em>. The gig economy is growing fast. It is predicted that by 2020, 40m percent of all the workers in the US will be independent contractors.
The advance in technology has helped propel the popularity of the gig economy. Organizations can recruit workers from across the globe. The workers will perform their duties form any location and submit their work through technology.
Examples of workers in the gig economy include.
- Freelancers
- Independent contractors and professionals
- Consultants
- Temps (temporary contract workers)
Answer:
B. increases the demand for U.S. dollars.
Explanation:
Foreigners buying US goods and services will need the US dollar to complete the transactions. For them to acquire the US dollar, they will have to exchange their local currencies with the dollar. In other words, they will use their domestic currencies to buy the US dollar.
Foreign exchange is the term used to describe transactions involving buying and selling of currencies.
As foreigners buy US goods and services, they will cause the demand for the US dollar to rise. In the foreign exchange market, currencies are the commodities. If the US dollar is ordered more, its demand will increase. Like other goods, an increase in demand will lead to an increase in price. If foreigners demand more of US goods and services, the US dollar will appreciate in value.
In this case <span>the yen is likely to Depreciate against the euro
The value of a currency will increase if it became rare (less owner)
If the amount of yen is abundant but yet it remained unwanted, the value of the yen currency will keep dropping.</span>
Answer:
a. Inventory Turnover = 5.299 times or 5.30 times
b. Days in Inventory = 69 days
Explanation:
a)
To calculate the inventory turnover, we first need to find out the avergae inventory. The average inventory is calculated by adding the opening and the closing inventory and dividing the sum by 2.
- Average Inventory = (35750 + 63500) / 2 = $49625
The inventory turnover is,
- Inventory Turnover = Cost of Sales / Average Inventory
- Inventory Turnover = 263000 / 49625 = 5.299 times or 5.3 times
b)
Days in inventory is the period for which, on average, the inventory is kept and sold completely.
We can calculate days in inventory simply by dividing the number of days for which we are calculating the ratio for, say in this case one years or 365 days by the inventory turnover ratio we calculated.
Days in inventory = 365 / 5.30 = 68.8679 or 69 days
