Answer:
4.83 times
Explanation:
The computation of the inventory turnover is shown below:
= Cost of goods sold ÷ average inventory
where,
Average inventory = Raw material inventory + work in progress inventory + finished goods inventory
= $740 + $320 + $1,010
= $2,070
And, the cost of good sold is $10,000
Now put these values to the above formula
So, the answer would be equal to
= $10,000 ÷ $2,070
= 4.83 times
Answer:
Here the situation can be termed as the straight re buy.
Explanation:
Straight re buy is one of the types of buying situations, where the purchasing and reordering of supplies is made on a routine basis from a particular supplier. Here suppliers are also making efforts on their parts to maintain the quality of product and services and also maintaining a proper automated reordering system which would help in saving time.
Answer:
A. A change in the price of good X.
Explanation:
A demand curve plots price against quantity demanded. A change in price causes a movement along the demand curve according to the law of demand which says an increase in price leads to a reduction in quantity demanded and a fall in price leads to a rise in quantity demanded.
If the price of a complementary good increases, the demand for good x would fall and the demand curve would shift leftwards.
If income increases, and good x is a normal good, the demand curve would shift to the right.
If a change in taste and preference is in favour for good x, more of good x would be demanded and the demand curve would shift to the right.
I hope my answer helps.
Answer: C - $0; $40,000
Explanation: From the above question, the phrase 3/10, net 60 means Henry is entitled to a 3% discount if payment is make on or before the 10th day while the net 60 means that the invoice is due in 60 days anytime after the 60th day, the invoice becomes overdue.
From the question, the invoice total is $40,000. since payment was made on the 20th day, it means Henry is not entitles to any discount and so has to pay the whole of $40,000 on the invoice.
Answer:
The correct answer is letter "A": to ask if the industry's growth and profit prospects are strongly attractive to potential entry candidates.
Explanation:
The worldwide economy has allowed firms to expand their operations benefiting them by exploring new markets and increasing their number of customers, thus, generating more revenue. Before the firm decides to go ahead with the venture, <em>a market analysis must be performed to determine if the industry in the target country is growing and facilitates the operation of the business to ensure profits.</em>
