Answer:
50 days
Explanation:
THE average collection period for Year 2 is closest to 50 days
Year 2:
cost of goods sold = $730
opening inventory = $110
closing inventory = $90 therefore total inventory = 110 + 90 = $200
Average inventory = $100
to calculate inventory turnover ratio = cost of goods sold / average inventory
= 730 / 100 = 7.30
The average collection period = 365 days / inventory turnover ratio
= 365/7.30 = 50 days
Answer:
B. Product development
Explanation:
A product development strategy is used when an existing company, with an existing customer base, tries to grow by introducing new products and/or services that target its customer base. This strategy entails more risk than market penetration but similar risks that market development.
The company can extend its product range by:
Research and Development investment, commonly used by tech companies like Apple who extend their product range constantly.
Buying the rights to produce products and services originally developed by other companies.
-Investing in the R&D of additional products, like when Microsoft developed Xbox One X.
-Getting the rights to produce someone else's product, like when Dinsey bought Marvell CU.
-Acquiring a popular product and rebranding it as its own product, like when google bought Picassa and launched Google Photos.
-Cooperating with other companies to develop products and services (shared ownership), which is very common in tech industries.
Answer:
leadership
Explanation:
The ability to influence employees to voluntarily pursue organizational goals is referred to as leadership.
Answer:
D Typically fitting an organiatins existing business processes
Explanation:
ERP are business process management soft wares. It allows the organization to use a system of integrated application to automate and mange the back office work related to services, human resources and technology.
It utilizes centralized database for business processes to simplify the workflow and reduce the manual labor. Such software have dashboards where the users can have a look at the real-time data that is collected from various business processes to measure profitability and productivity. Odoo, SAP Business One, SAP ERP and Microsoft Dynamics are some ERP soft wares.
Answer:
B. The PPF is a straight line because of the opportunity cost of the two goods is constant.
Explanation:
The graphic representation of the PPF is a downward line with slope -1. The trade-off is always the same, the trade-off is always 1, in the problem statement when the economy produces 10 more of the Y product, the economy stops producing 10 of product X. The cost of opportunity of the good X is always 1 of the Y.
