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1 year ago

Inventory turnover is computed by dividing average merchandise inventory by cost of goods sold.

1 answer:

7 0

Inventory turnover is computed by dividing average merchandise inventory by cost of goods sold. This statement is false.

Inventory turnover is the rate at which inventory stock is sold, or can be used, and can be replaced. The inventory turnover ratio is calculated by dividing the cost of goods sold by average inventory of the same period.

The inventory turnover ratio is the number of times a company has sold as well as replenished its inventory over a specific amount of time. The formula of inventory turnover can also be used to calculate the number of days it will take to sell the inventory in hand.

Inventory Turnover Ratio is defined as = Cost of Goods Sold / Avg. Inventory

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Suppose you are the owner of a picture frame store and your current fixed costs total $50,000 (real estate taxes, interest on a

ra1l [238]

Answer:

$100

Explanation:

Given that,

Total fixed cost = $50,000

Break even units = 1,000

Variable cost per unit = $50

Break even Units = Fixed Cost ÷ Contribution Per unit

Contribution Per unit = Fixed Cost ÷ Break even Units

= $50,000 ÷ 1,000

= $50

Sales - Variable Cost = Contribution per unit

Sales - $50 = $50

Sales price per unit = $50 + $50

= $100

Therefore, the price necessary to break-even by selling a quantity of 1,000 frames is $100.

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3 years ago

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their __________________

djyliett [7]

Answer: double coincidence of wants

Explanation:

Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.

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3 years ago

Muriel is giving a speech to the community's business leaders. She begins by stating, "Our community has been strong in the face

ch4aika [34]

Answer:

Setting the mood and tone of her speech.

Explanation:

Muriel's approach to her speech prepares the mind of her listeners who are made up of business leaders who are known to usually have negative views about increasing taxes.

Thus, Muriel may be able to reach the emotions of her listeners towards accepting her point of view. This is evident by the the statement "Our community has been strong in the face of adversity, but we now face the most serious challenge in years", in which it likens the decreasing tax revenues to an adversity that should be overcomed; thus employing more support.

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3 years ago

Exit read the copy from a television advertisement, and then answer the question. "at first i wasn't sure i could make it happen

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B. using an emotional appeal to help sell the product.

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3 years ago

The Federal Reserve decreases the money supply by 5 percent. Use the theory of liquidity preference to illustrate the impact of

Mama L [17]

Answer:

1 and 2: Find attached of the graph

3. The correct answers are:

(a) Price level will fall.

b)The demand for money will fall

Explanation:

(1) A fall in money supply will shift the money supply curve leftward, increasing interest rate and quantity of money. See the first attachment for the graph.

(2) Lower money supply will decrease aggregate demand, shifting AD curve leftward, decreasing both price level and output. See the second attachment for the graph.

(3) The following will happen during transition:

- --(a) Price level will fall.

-- b)The demand for money will fall

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4 years ago