Answer:
C) Goods-producing firms focus on the flow of people, information, and services.
Explanation:
Goods-producing firms not necessarily needs to focus on the flow of people, information, and services, what is true is that firms use physical inventory because it's necessary to have available products to sale.
The facilities must be located close to raw material, suppliers, and labores if not the company will see the cost of sale increased by logistic costs.
Also it's important to have employees with strong technical and production skills so the company can get well products at the production line.
<h2>The company is expressing its key corporate value with a slogan. (Option A)</h2>
Explanation:
The slogan is self explanatory that ladies and gentlemen taking care of ladies and gentlemen.
About the slogan:
- So it adds values both to employees as well as the customer.
- Slogan is more of customer-friendly
- The slogan is always the right aspect to express the motto, culture of the organization and hotel chain Ritz-Carlton has smartly framed it.
Justification about the other options:
- If the slogan is adding value to the employees alone, then it means that company is valuing the customer who is the king for business.
- Even the last option stands invalid because, the focus of customer is lost, it feels like self-appraising the company itself.
Answer: Trade Deficit ($10 Billion).
Explanation:
C=40+0.8Y
Ig=$40 billion
X=$20 billion
M=$30 billion
where,
Y - GDP
C - Consumption
Ig - Gross investment
X - Exports
M - Imports
Balance of trade or Trade balance = Exports - Imports
Since, Imports are greater than the exports, so the nation is experiencing a trade deficit.
Trade deficit = Imports - Exports
= $30 - $20
= $10 billion
<u>Solution and Explanation:</u>
The following formulas will be used in order to calculate the accounts receivable turnover ratio and in order to find out the number of days collect.
Accounts receivable turnover ratio = Net sales divided by Average net Accounts receivable
![=\$ 50,370 /[(\$ 7,250+\$ 5,720) / 2]](https://tex.z-dn.net/?f=%3D%5C%24%2050%2C370%20%2F%5B%28%5C%24%207%2C250%2B%5C%24%205%2C720%29%20%2F%202%5D)
![=\$ 50,370 / \$ 6,485](https://tex.z-dn.net/?f=%3D%5C%24%2050%2C370%20%2F%20%5C%24%206%2C485)
= 7.77 times
<u>Days to collect</u> = 365 divided by Accounts receivable turnover ratio
= $365 divided by 7.77
= 47 days
<u>Note</u>: The number of days that has been assumed is 365 days