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mezya [45]
1 year ago
6

Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week aver

age $3 million in sales (at cost). their inventory turnover is:_____.
Business
1 answer:
Zepler [3.9K]1 year ago
7 0

Padco averages $15 million worth of inventory in all of its worldwide locations. they operate 51 weeks a year and each week averages $3 million in sales (at cost). their inventory turnover is 10.2 turns.

Inventory turnover is a financial ratio that demonstrates how frequently a company sells and replaces inventory over a specific time frame. The days it takes to sell the company's inventory on hand can then be determined by multiplying the number of days in the period by the inventory turnover formula.

Businesses can improve their decisions about pricing, production, marketing, and the acquisition of new inventory by calculating inventory turnover.

Inventory turnover quantifies how frequently a business can replenish the stocks it has sold during a specific time period. A slower ratio suggests either strong sales or insufficient inventory, while a quicker ratio suggests either weak sales or high sales.

The industries with the largest inventory turnover rates tend to be those with low margins and high volumes, like supermarkets and merchants.

Learn more about inventory turnover here:

brainly.com/question/1492106

#SPJ4

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Explanation:

In order to calculate the uniform annual investment that will you have to make on the child's 8th through 17th birthdays to meet this goal, we have to make the following calculations:

First we need to calculate the Amount you have at the end of child's 8th year = 600*(1+0.05)^4 + 600*(1+0.05)^3 + 600*(1+0.05)^2 + 600*(1+0.05)^1 = $2,715.38

Therefore, Value of this amount at the end of 17th year = $2715.38 * (1+0.05)^9 = $4,212.45

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Therefore, to calculate the annual investment we would have to use the following formula:

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P - Periodic payment =?

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P = $11,787.55/11.03 = $1,069.01

The Annual investment that you will to make will be $1,069.01

8 0
3 years ago
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Fantom [35]

Answer:

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5 0
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3 0
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The natural rate of unemployment is
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Answer:

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6 0
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= 4,400 - 10,200

= -$5,800

3 0
3 years ago
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