Answer:
a. 148.57 for the year.
b. 2.45 days
Explanation:
a. Each hamburger patties cost $1.00 a pound and 4,000 quater pounds are supplied per week. 4 quater pounds make up 1 pound so;
= 4,000/4
= 1,000 pounds are supplied per week.
Inventory turnover = Cost of goods sold for the year/ Average Inventory
= ( Pounds per week * cost per pound * number of weeks in year)/ Average inventory
= ( 1,000 * 1 * 52) / 350
= 148.57 for the year.
b. Average Days of Supply = Average Inventory/cost of goods sold
= 350/( 1,000 * 1 * 52)
= 0.00673 per year
To convert to days multiply by;
= 0.006730 * 52 weeks * 7 days
= 2.44972
= 2.45 days
Answer:
FV= $772
Explanation:
Giving the following information:
Initial investment (PV)= $850
Interest rate (i)= 3.5% = 0.035
Number of periods (n)= 5 years
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 650*(1.035^5)
FV= $772
Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.
10% of Heller's income for January 1 to August 31, plus 40% of Heller's income for the remainder of the year.
Explanation:
In spite of a retrospective strategy, Mumford puts the 10 per cent owned by the creditor firm together with the 30% purchased on Sep 1 which accounts for 40 per cent of the sales of Heller.
Retrospective, the committee focuses on the team members ' collaboration and looks for ways to enhance the process, based on the lessons learned in the recent work .
It is time to reflect on past events and experiences – outside the daily routine.
Retrospective thinking occurs whenever one remembers something from the past, but one can also think retrospectively about hypothetical future events, by imagining that the event has already transpired and then working backward in the mind from the future toward the present.
