Answer:
232.08 days
Explanation:
<em>Inventory to sales conversion period is the average length of time it will take a business to sell its stock items and then replace them. It give s an indication of patronage from customers and the shorter the better.</em>
It is determined as follows:
Average inventory period
= (Average inventory/cost of goods sold) × 365 days
= (110,000/173,000) × 365 days
= 232.08 days
<em>It takes on the average 232.08 days to sell and replace stock</em>
Entrepreneurs do not use distributors to purchase resources and invest in the production of goods so this statement is FALSE.
<h3>How do Entrepreneurs purchase resources?</h3>
Entrepreneurs are able to invest in the production of the goods and services they provide by using their own funds and liability.
They do not use distributors but rather foot the bills as well as getting loans to be able to engage in the purchase of resources.
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Answer:
d. a comparative advantage in capital goods.
Explanation:
I'm not sure how these numbers should go, but I think it should be:
Capital Goods Consumption Goods
Ironbridge 32 40
Broseley 40 80
Ironbridge's opportunity cost to produce 1 capital good = 40 / 32 = <u>1.25</u> consumption goods
Ironbridge's opportunity cost to produce 1 consumption good = 32 / 40 = 0.8 capital goods
Broseley's opportunity cost to produce 1 capital good = 80 / 40 = 2 consumption goods
Broseley's opportunity cost to produce 1 consumption good = 40 / 80 = <u>0.5</u> capital goods
Ironbridge has a comparative advantage int he production of capital goods (lower opportunity cost) while Broseley has a comparative advantage in the production of consumption goods.
Opportunity costs refers tot he extra costs or benefits lost resulting from choosing one activity or investment over another alternative. In this case,, if Ironbridge wants to produce 1 capital good, it will have to forego 1.25 consumption goods.
Answer:A. Trade balance increases Exchange rate decreases
C. False
D. False
Explanation:
A subsidy on domestic investment will encourage more investment from the populace as the cost of investment will reduce which invariably means more goods are produce, export increase, trade balance increases and exchange rate decrease.
The real Interest rate will equally fall due to the subsidy and domestic investment increases.
