1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
If the Administrator were examining the actions of a particular agent to determine whether the agent engaged in churning a clien
Elena L [17]

Answer:

C) the client's objectives, financial resources, and the character of the account

Explanation:

While at the time of examining the actions of a specific agent by the administrator with respect to the commission earned would be depended upon the objective of the client, his financial resources,and the character of the account.

The character of the account represents the type of account in which the client is interest as different accounts have different commissions

So these three above objectives should be required

Hence, the option c is correct

7 0
3 years ago
Which of the following systems would you use to determine which trends in your supplier's industry will affect your firm the mos
irakobra [83]

Answer:

ESS

Explanation:

Management support system are computer based system that are used by managers in carrying out their functions.It consists of Executive support system , Decision support system ,Expert system.

Executive support system is an arm of MSS that facilitates and assist seniors executive information and decision making needs.

It is an intermediary between internal and external information in connection to the organization goal.

8 0
3 years ago
The major drawback of taking out a loan to start a company is?
steposvetlana [31]

Answer: you have to pay back the loan once you start making money. in general you have to pay back the loan. everyone wants free money.

4 0
2 years ago
Frank Fronton decided to become a professional jai alai player. In January, Fronton joined a jai alai club where he could train
belka [17]

Answer:

$6,300

Explanation:

The computation of expenses that can be deducted is shown below:-

Expenses that can be deducted = Fee paid for club after getting contract(for 5 months) + Replacement cost + Travelling

= ($1,000 × 5) + $500 + $800

= $6,300

Therefore for computing the expenses that can be deducted we simply add  Fee paid for club after getting contract, replacement cost and travelling and the rest amount is not relevant for computation.

6 0
3 years ago
Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following
leonid [27]

Answer:

1. See part 1 of the attached excel file for the T-account.

2. See part 2 of the attached excel file for the T-account.

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Explanation:

1. Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following T-account for BSB.

Note: See part 1 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Reserves = $500 million * 20% = $100 million

Loans = $500 - $100 = $400

2. Now suppose that BSB's largest depositor withdraws $25 million in cash from her account. BSB decides to restore its reserve ratio by reducing the amount of loans outstanding.

Note: See part 2 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Deposits = $500 million - $25 million = $475 million

Reserves = $475 million * 20% = $95 million

Loans = $475 - $95 = $380

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Download xlsx
4 0
2 years ago
Other questions:
  • The concept of an "artificial being: refers to which form of business organization?
    10·1 answer
  • ________ can be defined as raw numbers or other factual information that, on their own, have limited value to marketers. select
    10·1 answer
  • had the following balances and transactions during​ 2018: Beginning Merchandise Inventory 10 units at $74 March 10 Sold 7 units
    13·1 answer
  • Keyser Beverage Company reported the following items in the most recent year.
    13·1 answer
  • David Harbert recently started a business. During the first few days of operation, Mr. Harbert transferred cash from his persona
    8·1 answer
  • To raise operating funds, Signal Aviation sold an airplane on January 1, 2018, to a finance company for $770,000. Signal immedia
    9·1 answer
  • Sau khi thực hiện kiểm toán, KTV xác định là:
    12·1 answer
  • "Corporate officers hold positions of trust in our markets and have important responsibilities to shareholders," said Steven Pei
    12·1 answer
  • (a) Taking into account all of the information in the case study above, would you advise Mary-Ann and Sally to become a limited
    6·1 answer
  • movie producers a, b, and c secretly meet and agree to release their summer blockbuster films in sequence, rather than at the sa
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!