False for sure you don't immediately stop when you let off the brake pedal.
The Gwallter Reece Chihuahua Sweater Co. (GRCCo) was established in 2013. It recently signed a large contract with PetCo pet stores. GRCCo will be required to have computerized communication and track sweater sales. The technology that is used for communication between GRCCo and PetCo is electronic data interchange.
Answer:
II) "As the cost of producing eggs rises, the supply of eggs will tend to fall."
Explanation:
The term supply refers to the quantities of a product that firms are willing to sell at the market price at a specific price or at different prices. Several factors, such as demand, cost of inputs, competition, among others, may influence the supply. As per the law of supply, everything else remaining constant, suppliers will be to sell more at higher prices.
Statement 11 describes supply better that statement 1. In statement 11, an increase in the cost of producing eggs decreases the profit realized from the sale of eggs. When the production of eggs is costly, suppliers may not have the resources to produce them in bulk. The statement recognizes that supply is influenced by demand. An increase in cost will force the suppliers to raise prices, which may lead to reduced demand.
Statement 1 asserts that an increase in price will lead to an increase in price. If the increase in price is a result of an increase in the cost of inputs, then suppliers may not increase the supply. An increase in price, followed by an increase in supply, will result in a market surplus. An increase in prices causes a decline in demand.
can you send the problems
Answer:
Inventory turnover = 4.64
Explanation:
Below is the calculation for inventory turnover:
Cost of goods sold = $9505 million
Ending inventory = $2173 million
Average inventory = $2049
Now use the below formula to find the inventory turnover:
Inventory turnover = Cost of good sold / Average inventory
Inventory turnover = $9505 / $2049
Inventory turnover = 4.64
Thus the inventory turnover is 4.64.