Answer:
The formula for inventory turnover ratio is
Cost of goods sold/ Average inventory. So we can put numbers in the formula and find the cost of good sold for the company.
Inventory turnover ratio= cost of goods sold/Average Inventory
3= cost of goods sold/ 156,000
156,000*3= cost of goods sold
Cost of goods sold = 468,000
Now to find out what the average inventory needs to be for the inventory turnover ratio to be 6 and cost of goods sold to be 468,000 we will put these 2 numbers in the formula in order to find the average inventory.
6= 468,000/Average Inventory
Average Inventory = 468,000/6= 78,000
She would need average inventory levels of $78,000 to generate the same level of sales and have an inventory turnover ratio of 6.
Explanation:
Answer: D. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.
Explanation:
Mass casualty incident refers to a situation in which medical services are overwhelmed by the number of casualties.
From the options given, the false statement is that "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization".
This is incorrect. In a mass casualty, a separate plan cannot be developed for an organization. All the casualties are entitled to same plan.
Answer:
Psychological barrier
Explanation:
The type of barrier that you are experiencing is psychological. Psychological barriers result when your personal values are not aligned with the message being received, be it by cultural or ethical values or even by preconceived thoughts. In this situation, since you do not agree with the task at hand of changing the method for keeping the accounts, you find it difficult to focus on the task.
Answer:
a. It focuses on generating new revenue by offering new products and services.
Explanation:
An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products. Thus, an information system or technology interacts with its environment by receiving data in its raw forms and information in a usable format.
Information technology is an integral part of human life because individuals, organizations, and institutions rely on information technologies in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, in the context of using information technologies for a competitive advantage over rivals in the industry, the statement which is true of a top-line strategy is that, it focuses on generating new revenue by offering new products and services. The top-line strategy ensures that the company continues to generate gross revenue or sales.
