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Greeley [361]
3 years ago
11

Inventory turnover is calculated as _____. a) cost of merchandise sold divided by inventory b) cost of merchandise sold divided

by average inventory c) cost of merchandise sold divided by total assets d) None of these choices are correct.
Business
1 answer:
Molodets [167]3 years ago
7 0

Answer:

B) cost of merchandise sold divided by average inventory.

Explanation:

Inventory turnover: It is a liquidity ratio that measures the number of times on average a company sold or replaced its inventory during the period. Computed as the cost of goods sold / by the average inventory on hand during the period. Analysts compute average inventory from the beginning and ending inventory balances. The ideal inventory turnover ratio is about 4 to 6, it is a rate at which restock item is well balanced with the sold inventory.

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Mammoth Foods, a major agricultural corporation, recently purchased MJS Organic Foods Co. MJS was established six years ago and
Alexandra [31]

Incomplete question. The option read;

A) star

B) cash cow

C) dog

D) problem child

E) top gun

Answer:

<u> A) star</u>

Explanation:

Note, the Growth-Share Matrix is designed to assist companies in determining which among their investment portfolio is worth directing resources and capital into and that would be most profitable. It is represented in four quadrants.

Among all the quadrants, the Star quadrant is meant for investments with great future potential. We could recall that there's a positive projection for MJS, it was said that the<em> "fruit market is expected to have a double-digit growth rate over the next decade." </em>Hence,  MJS would most likely be classified as a star.

7 0
2 years ago
Connie stepped in to assist her friend Fred conduct his research plan for his business. He is trying to see where he should open
Illusion [34]

Connie's next step should be

Not - go back and revisit her plan objectives

Maybe - Conduct primary research and analyze Fred's current customers.

<h3><u>Explanation:</u></h3>

It is very essential for an entrepreneur who decides to start a new business to have a business plan that helps him in setting up the businesses in the right track and usage of funds in an effective manner. A business plan acts as a blue print of a new business and the objectives and resource utilization.

In the scenario give, Fred decides to start a new boutique and has conducted researches geographic locations and the type of boutiques supported by the demography. She must not then go back and review her plan objectives as she has decided to start it with a good plan and she may conduct a primary research about the  current customers of him.

5 0
2 years ago
On January​ 2, 2017, Kellogg Corporation acquired equipment for​$800,000. The estimated life of the equipment is 5 years or​ 80,
lesya692 [45]

Answer:

Book value of the asset = $484,000

Explanation:

Given:

Equipment cost = $800,000

Residual value = $10,000

Computation:

Depreciation = (Equipment cost - Residual value) /  Life

Depreciation = ($800,000 - $ 10,000) / 5

Depreciation = $ 158,000 per year

Depreciation for 2 year =$ 158,000 x 2

Depreciation for 2 year = $316,000

Book value of the asset = Equipment cost - Depreciation for 2 year

Book value of the asset = $800,000 - $316,000

Book value of the asset = $484,000

6 0
2 years ago
A gracious welcome by an employee at the hotel check-in counter is an example of:
hammer [34]
<span>This is the "moment of truth." These are the times at which good customer service and pleasant interactions with staff can make an experience enjoyable or it can break the trust of a customer, not to be easily repaired. Moments of truth can take place many times during an interaction or transaction, and need to be carefully monitored to make sure that the best service actions known are being taken.</span>
5 0
2 years ago
Comfy Inc. uses five yards of wool in each blanket it produces. Comfy’s production budget next year is 30,000 blankets. The anti
Kamila [148]

Answer:

wool purchased = 140,000 yards

Explanation:

given data

wool in each blanket = five yards

production budget = 30,000 blankets

beginning inventory = 30,000 yards

Ending inventory = 20,000 yards

wool costs = $10

to find out

How many yards of wool should Comfy purchase

solution

we get first production in yards that is

production in yards = 30,000 × 5

production in yards = 150,000

and

wool purchased will be

wool purchased = production - ( beginning inventory -  Ending inventory)

wool purchased = 150,000 - ( 30000 - 20000 )

wool purchased = 140,000 yards

7 0
2 years ago
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