Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
Answer: Could help companies remain solvent during prolonged recession.
Explanation:
A promotion budget is a specific amount of money destined to promote the goods or services of a business.
During a recession, many businesses reduce their promotion budgets, although is the opposite of what could actually help them survive tough economical periods. It´s the businesses that improve promotion during recessions the ones that get a sales increase during and even after the recession.
Answer:
Letter of credit
Explanation:
A letter of credit is a written guarantee from a buyer's bank to the seller, assuring them of payments from the buyer. Should the buyer fail to honor the payments, the bank commits itself to pay. The letter of credit guarantees the seller that upon meeting some pre- defined conditions, the bank would release to them a specified amount, in the stated currency.
Letters of credit are most suited for international trade. The nature of foreign trade is that buyers and sellers do not know each other and operate under different laws. A letter of credit assures each party that the other will fulfill their obligation. The issuing bank will charge for providing the letter of credit services.
Examples:
1.) Having a stain on your rug there's only so much you can get out before your damaging your rug with cleaner
2.) Babysitting and having the child miss there mom, there's only so much you can do to try to calm him/her down
3.) Watering plants, if you haven't watered plant in a long time so you give them extra water, if you keep giving the plant extra water it will eventually drown and die.
<span>the marginal utility become negative at Sixth serving.
After consuming a same product for a number of times, our satisfaction of consuming the product will start to decrease (in this case, it because Carmen started to feel full and maybe nauseated due to the amount of Mac and cheese that she'd been consuming)</span>
