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:
Statement of Net Assets or statement of financial position.
Explanation:
Statement of net assets shows the permanently restricted, temporarily restricted, and unrestricted funds. This is represented into he equity section.
A template for the creation of statement of financial position is provided by the IRS form 990.
Unrestricted assets are donations to the organisation that can be used for general expenses.
Temporarily restricted assets are set aside for a particular project by donors
Permanently restricted assets are those that are invested in perpetuity, and the revenue earned is used for a specific purpose.
Answer:
wearing a suit to a job interview: ethical wearing an expensive suit to impress others not ethical, wearing your best dress suit to a formal banquet ethical wearing a law enforcement uniform to gain respect not ethical, finally wearing a certain type of style clothes to fit in with the desired crowd not ethical hope this helps good luck!
Answer: Cost leadership strategy
Explanation:
Cost leadership strategy is a business strategy in which a business operates at the lowest possible cost within it's industry so as to create a competitive advantage. This strategy is controlled by size, scope and cumulative experience, efficiency, etc.
Cost leadership strategy helps to :
I. Reduce the rate of competition in the market.
II. Enhance business sustainability.
III. Yield more profit for businesses.
