The days in inventory for valley markets is 114
<h3>How to calculate the days in inventory for valley markets ?</h3>
Valley markets has an inventory turnover of 3.2
The capital intensity ratio is 1.9
There are 365 days in a year, the days in inventory for valley markets can be calculated as follows
= 366/3.2
= 114
Hence the days in inventory for valley markets is 114
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Answer:
c. rent-seeking behavior
Explanation:
In economics, rent-seeking behavior can be described as a behavior or conduct that tries to increase the share of an economic agent or an entity from the existing wealth without adding or creating new wealth. This implies that the entity aims to obtain added wealth without creating a new one.
From the question, the aim of the lawyers is mainly to increase their own wealth in terms of legal fees they will collect from preparing wills, trusts, and other legal documents when they prepare them for people when a law restrict people from self-preparing it using their personal computers. In turn, the lawyers will only increase their share of wealth without adding any wealth.
Therefore, this is an example of rent-seeking behavior.
Answer:
The three major components in the preceding scratch list are High-End Linens, Affordability and Food & Drinks.
i. High-End Linens
List that falls under it includes 600-thread-count sheets, Double-thick bath towels, Silk pillowcases, Raw silk curtains with gold embellishments
ii. Affordability
List that falls under it includes $100/night four-star rooms, Free snacks, shampoo, and conditioner
, Free wireless Internet
iii. Food and drink
List that falls under it includes Coffee maker with selected teas, Imported beer
, Fresh-squeezed juices
