Answer:
7.5 times
Explanation:
Inventory turnover = 
We have been provided that,
Cost of goods sold = $15,000,000
Average inventory for the year = $2,000,000
Therefore, Inventory Turnover ratio = 
= 7.5 times
It means on an average how many times the inventory is sold, and replaced during the period. 
 
        
             
        
        
        
Explanation:
1. gate pass
2. stock card 
3. stock requisition form
4. delivery note
5. stock order form 
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Answer: Transaction exposure
Explanation:
Transaction exposure, is a form of foreign exchange risk that is faced by the organizations that take part in international trade. It occurs when the fluctuation in exchange rate change a contracts value before it is settled. 
It is concerned with the effect of exchange rate changes on individual transactions, most of which are short-term affairs that will be executed within a few weeks or months.