Answer:
Gross profit ratio = 29.5%
Inventory turnover ratio = 6.16 times
Explanation:
(a) Target uses the retail inventory method to account for the majority of it's inventory and the related cost of sales. in this method, inventory is stated at cost using the last in first out (LIFO) method as determined by applying a cost to retail ratio to each merchandise groupings ending retail value.
(b) The cost of inventory includes
1. The amount T pays to it's supplier to acquire inventory.
2. freight cost incurred in connection with the delivery of products to it's distribution centres and store.
3. Import cost reduced by vendor income and cash discounts.
(c) Gross profit ratio = 21788/73785
= 29.5%
Inventory turnover ratio = 51997/(8601+8282)/2
= 6.16 times
Answer:
75%
Explanation:
As we know that
Utilization of the counter is
= Required time ÷ Capacity in terms of minutes per hour
where,
Required time is
= 5 minutes × 10 deposit transactions + 6 minutes × 5 withdraw transactions + 10 minutes × 1 electronic transfer
= 50 minutes + 30 minutes + 10 minutes
= 90 minutes
And, the capacity is
= 60 × 2
= 120 minutes
So, the utilization is
= 90 minutes ÷ 120 minutes
= 75%
Answer:
A blue ocean strategy successfully combines differentiation and cost-leadership activities using value innovation. It focuses on creating additional demand and grabbing market opportunities.
The four key questions are:
- Eliminate: what factors that this company takes for granted can and should be eliminated to foster value innovation.?
- Reduce: what industry factors can be reduced?
- Raise: what industry factors should be increased?
- Create: which factors should we created that have never been offered by our competitors?
Answer:
The EOC organizational structure which uses the day-to-day departmental/agency structure and requires minimal preparation or startup time is the Departmental EOC Structure.
Explanation:
The departmental EOC structure are the ones that are involved in the day-to-day agency structure and plays an important role in the management of small and large incidents. They also ensure information flow across organizational lines. It is the duty of the EOC leader to ensure that an organization is shaped according to the available resources and the company's mission.
Answer:
Net income= $27,960
Explanation:
Giving the following information:
Fixed costs= $30,000
contribution margin ratio= 0.63
Sales= $92,000
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 92,000*0.63= 57,960
<u>Now, the net income:</u>
Net income= 57,960 - 30,000
Net income= $27,960
