Answer:
8.28 times
Explanation:
Quick Ratio = 
wherein, CA = Current Assets
Inventory = Total Current assets - cash - accounts receivables
Inventory = 80,500 - 36225 - 20125 = $24,150
Inventory Turnover is used as a measure to know how frequently a firm uses and sells inventory in a given period of time.
A high inventory turnover ratio depicts how rapidly inventory is being sold. So higher the ratio, the better it is for a firm.
Inventory Turnover Ratio = 
= 
= 8.28 times approx.
Answer:
The recording label should increase the production and distribution of Here band
Explanation:
In the given question it is stated that the Music stores can markup to the price of $17.99 with continued strong sales against the listed price of $14.99.
Now,
The markup price is the extra amount that is over the cost of product or the service.
Thus,
Here, the Markup will further increase the profit by $17.99 - $14.99 = $3
Hence,
The recording label should increase the production and distribution of Here band
Answer:
The correct option is true
Explanation:
Shared activism refers to the use of direct action in achieving a goal as in the case of people refusing to leave a house marked for demolition in order to protect the house from being demolished.
CalPERS as a pension fund manager coupled with being a major shareholder in many of the firms where it holds investment has just employed the strategy of direct intervention known as shared activism in order that the value of its portfolio is optimized.
Answer:
The correct answer is option d.
Explanation:
The 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10.
The profit to a firm is maximized when the marginal revenue earned and marginal cost incurred are equal.
When the firm is producing the 100th unit of output the marginal revenue is $1 higher than the marginal cost. This implies that the production of the 100th unit increases the firm's profit by $1.
Answer:
The correct answer is option D.
Explanation:
An increase in the size of tax is likely to increase the tax revenue when the price elasticity of supply, as well as price elasticity of demand, are both large.
The imposition of tax will cause an increase in the price of the product. If the price elasticity of demand is higher, an increase in the price will lead to a more than proportionate decrease in demand.
At the same time, high price elasticity of supply means that when the tax is imposed the sellers will be able to reduce quantity more easily.
So when less output is produced and demanded the tax revenue will also be lower.
