Answer:
The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.
Explanation:
We have:
The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000
The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500
=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.
So, the answer is 2.55 times.
Answer:
The mini mart manager actually doing the right thing.
But The police still come and ask for the proof from the managers for the basis of the accusation
Explanation:
Most states in united states allowed Business establishment to legally detained the people who they suspect to be stealing. This action is protected under the probable cause.
But , there are several requirements that the business onwer needs to follow:
- They shall not intentionally harm the suspects
- They shall not publish the information about the case to the public unless the court determine that the suspect is guilty.
- The basis of the detain must be reasonable.
In the case above, the police will most likely come and ask the manager to provide proof. (usually by looking at the camera footage in the store or witnesses) . If the police believe the proof to be sufficient, the suspect will be processed accordingly.
Answer:
Apparent Authority
Explanation:
Based on the information provided within the question it seems that the authority that Charlene has given Megan is Apparent Authority. This term refers to a subtle authority given to an individual which a reasonable third party would understand that they are an agent acting on behalf of their employer. Such an example would be an employee driving a UPS truck, any reasonable person would see the UPS truck as a sign that the individual driving has authority to act on behalf of the UPS company. The UPS truck is similar to the business card that Megan has, giving her apparent authority to act on behalf of Thrift City.
= (9-5)
When you hit enter, it will give you the value of 4.
