Answer:
Maple Leaf, Inc.
Inventory Turnover:
b. Greater than 2 but less than 3
Explanation:
a) Data and Calculations:
1) Average inventories:
Raw materials $2,500,000
Work-in-process $1,000,000
Finished goods $800,000
Total average inventory $4,300,000
Cost of goods sold = $12,000,000
Inventory Turnover = Cost of goods sold/Average Inventory
= $12,000,000/$4,300,000
= 2.79 times
2) Inventory turnover is a financial ratio that shows the number of times in a year that inventory has been sold by Maple Leaf, Inc. When it divides the number of days, say 360 days in a year, the ratio that comes out shows the number of days it takes Maple to sell its inventories.
Answer:
I would suggest he decrease the sales price.
Explanation:
Because it will might make people rush the product due to its low price compared to other products of another brand.
The low price will create a high demand for the product therefore causing the quantity of the products being produced to increase.
The quality of the product will be very good since the quality is not being reduced only the price therefore it might result in not having the maximum profit needed.
Answer:
Corporations of the United States should be tracked by the U.S government to ensure that workers' rights in developing countries should not be compromised.
Explanation:
In many developing countries political leaders are afraid that if wage rates are enforced on big corporations they could be forced off global markets. Foreign investment capital is significant to the economy of developing countries and there is always fear that the loss of such investment may break the economies of these countries. The government of the U.S should ensure vigorous monitoring programs that require businesses to report the location of international factories publicly so that human rights organizations can track their actions independently.
Answer:
Yes
Explanation:
From the given output
The Probability of getting 13 or more passed
when the reliability = 0.35. can be calculated as follows
=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422 ≈ 4.2%
Since the probability is less than the 5% level we will therefore reject the Null hypothesis
answer : YES
Answer:
d) 420
Explanation:
In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula
Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)
Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600
Forecast(This year) = 150 + 150 + 120
Forecast(This year) = 420
