It should be noted that Jessie is into a Distribution business when she sells souvenirs and craft items to tourists in Myrtle Beach, South Carolina.
<h3>What is Distribution business all about?</h3>
Distribution in business can be regarded as an activity of both selling and delivering products and services from manufacturer to customer.
It often called product distribution and it helps to ensure that customers and all members of the distribution channel are happy.
Learn more about Distribution business at:
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Answer:
Ending invenory= $1,298
Explanation:
Giving the following information:
July 1 Beginning inventory 35 units at $22 $770
July 7 Purchases 124 units at $24 $2,976
July 22 Purchases 18 units at $26 $468
A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.
<u>To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
Ending inventory= 35*22 + 22*24
Ending invenory= $1,298
Answer:
The correct answer is : minimum; risen.
Explanation:
The poverty rate can be defined as the rate of population in a certain age gap who fail to earn a given minimum absolute income.
The census bureau updates the poverty threshold annually. People below this threshold level are considered poor.
According to the data from US census bureau the poverty rate in 2000 was 11.3%. In 2010, it was 15.1%. Though it fell to 13.5% in 2015 it is still higher than that in 2000.
So, we can conclude that poverty rate has increased largely since the year 2000.
Answer:
False
Explanation:
If an employee make a decision at work it does not automatically mean that he is a manager. Yes, everyone can make decision but only the good manager can differentiate the good from the bad decisions.
The Manager's job is not only to make decisions. His job is, as its name is saying, to manage people, decisions, plans etc.
Answer:
On average, it takes customers 47 days to pay their bills.
Explanation:
Please find the below for detailed explanation and calculations:
Fisher's Furniture Store's annual credit sell = Monthly credit sales x 12 = $1,230,000 x 12 = $14,760,000;
Fisher's Furniture Store's account receivables turnover ratio = Annual Credit Sales / Average account Receivables = $14,760,000 / $1,900,000 = 7.77 times;
The average time it takes customers to pay ( in days) = Receivable turnover in days = 365 / The account receivables turnover ratio = 365/ 7.77 = 47 days
Thus, the answer is 47 days.
