Consider the following scenarios:

Padco averages $15 million worth of inventory in all of its worldwide locations. They operate 51 weeks a year and each week aver

Phoenix [80]

Answer:

Option (d) is correct.

Explanation:

Given that,

Average inventory in all of its worldwide locations = $15 million

Operate in a year = 51 weeks

Weekly cost of goods sold = $3 million

Annual cost of goods sold:

= Weekly cost of goods sold × Number of weeks in a year

= $3 million × 51 weeks

= $153 million

Inventory turnover:

= Cost of goods sold ÷ Average inventory

= $153 million ÷ $15 million

= 10.2 turns

4 0

3 years ago

A change in the dollar value of the British pound from $1.60 to $1.50 represents A. an increase in the pound price of British

hram777 [196]

Answer:

Option (B) is correct.

Explanation:

1 pound = $1.60

1 pound = $1.50

So, there is a depreciation in the value of pound relative to the dollar and appreciation in the value of dollar relative to the pound.

Now, suppose a resident of united states purchase some quantity of goods(say, 20 shirts) from the seller in United kingdom.

Price of each shirt = 2 pounds

Hence,

Before the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.60)

= 20 × 3.2

= $64

After the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.50)

= 20 × 3

= $60

Hence, the amount paid by the resident of united states reduced because of the fall in exchange rate. Now, they have to pay less for the same amount of commodities. This shows that there is an appreciation in the currency of US relative to UK.

4 0

3 years ago

What functions would it be most important for a project management software program to have?

Mariana [72]

Answer:

Explanation:

Question

Rocks around mid-oean risend automatic updates to the project teamhow earthquakes happen

create calendars and schedules, manage project budgets, an

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project teamd enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

C. changes in the earth's crust

create calendars and schedules, manage project budgets, and enable file sharing

create images for storyboarding, collect project images, and enable file sharing

create to-do lists, manage schedules, and send automatic updates to the project team

5 0

3 years ago

Lito is a Brokerage Clerk. Which sentence best describes Lito’s job?

sergiy2304 [10]

Answer:

D just did it

Explanation:

7 0

4 years ago

Read 2 more answers

A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We

kipiarov [429]

Answer:

Estimated as Elastic Demand

Explanation:

Elastic demand is where a change in price causes a significant change in demand, therefore 20 hats to 15 hats can be considered significant and we can conclude that it's elastic demand.

7 0

3 years ago