Answer:
Gross profit ratio = 29.5%
Inventory turnover ratio = 6.16 times
Explanation:
(a) Target uses the retail inventory method to account for the majority of it's inventory and the related cost of sales. in this method, inventory is stated at cost using the last in first out (LIFO) method as determined by applying a cost to retail ratio to each merchandise groupings ending retail value.
(b) The cost of inventory includes
1. The amount T pays to it's supplier to acquire inventory.
2. freight cost incurred in connection with the delivery of products to it's distribution centres and store.
3. Import cost reduced by vendor income and cash discounts.
(c) Gross profit ratio = 21788/73785
= 29.5%
Inventory turnover ratio = 51997/(8601+8282)/2
= 6.16 times
Answer:
The essential facts are unavailable to the mechanic and therefore discovery is required. (Civil Procedure-Motions)
Explanation:
In United States law, the motion to be considered as the procedural device so that it brings the limited and contested issue prior a decision could be taken by the court. It is the request that made to the judge for making out the decision for the case also the party that oppose to the motion should be the non-moving party
So as per the given situation, the important facts are not available to the mechanic and so the discovery is needed
Yvonne knows her firm must look at everything it does from a consumer's point of view. one major difficulty is that consumers' needs , wants and ability to purchase change(s) over time.
A person will look for and purchase a good or service because of their necessities. The necessity is what motivates the decision to buy. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services which satisfies the consumer needs.
The majority of business concepts are born when an entrepreneur recognises a demand for a good or service. An entrepreneur or small business must take into account four primary customer needs. Price, quality, choice, and convenience top the list.
Learn more about consumer needs
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Answer:
Variable pay program
Explanation:
Variable pay program is a form of motivational and incentive technique used in organizations today. It is the situation whereby organizations bases bonuses on individual/team or organizational goals. The variable pay refers to the bonus given to employees or workers that has exceeded or met company's expectations and targets. It is based on a measure of performance rather than job time or seniority.
