Answer:
The correct answer is Variable Cost.
Explanation:
As its name implies, the variable cost is the one that undergoes constant changes as a consequence of the production process itself, represented in the behavior of demand. Its increase is directly related to the production of more raw material, which can happen at certain times. Otherwise, due to external conditions, decreases occur in order to serve the market effectively.
Answer:
Inventory Turnover = 10.
Days in Inventory = 36.5.
Explanation:
<u>Inventory Turnover Ratio</u>
It is calculating by taking Cost of Goods Sold, and dividing it by Average Inventory.
whereas
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Putting values:
⇒ Average Inventory = (21,900 + 22,200) / 2 = $22,050.
Now Take the value of Cost of Goods Sold and divide it by Average Inventory to get Inventory Turnover:
⇒ Inventory Turnover = 220,500 / 22,050 = 10.
<u>Days in Inventory</u>
Take the Average Inventory and Divide it by Cost of Goods Sold. Now Multiply the result with number of days.
⇒ Days in Inventory = (22,050 / 220,500) * (365) = 36.5.
Note: Some Analysts measure the Inventory Turnover by taking Sales and Dividing it by Average inventory.
Thanks!
Answer:
Commercial bank
Explanation:
A commercial bank accepts cash deposits from the general public and lends a portion of the money as loans to make profits. Commercial banks make profits by charging a high-interest rate on credit issued than the interest rate they offer on deposits. By accepting deposits and lending to other customers, commercial banks act as intermediaries between suppliers and users of credit.
Commercials are profit-making institutions. Although their primary function revolves around accepting deposits and issuing out loans, they also perform other duties such as;
- Discounting bills of exchange
- Overdraft facility
- Agency functions, including payment functions and insurance of letters of credit and checks.
- General utility services including foreign exchange transactions, underwriting securities, and safe deposits.
Answer:
The employee has most likely committed a <u>Horns error</u>.
Explanation:
The horns error occurs when <u>one attribute</u> of an individual (which may be positive or negative), <u>creates a bias that influences how that individual is perceived overall</u>.
<em>If an employee is dissatisfied with his manager's disposition and this dissatisfaction influences the employee to rate the manager low on all performance criteria, then the employee has committed a horns error.</em>