Answer:
D) 85.45 days
Explanation:
Days sales in inventory is calculated by dividing total inventory by COGS, and then multiplying that by 365 days:
(inventory / COGS) x 365 = ($494 / $2,110) x 365 = 85.45
Days sales in inventory measures the average number of days that it takes for a company’s inventory to be realized into sales within the year.
<em>In order to give lower-level staff members access to the corporate network but bar them from seeing confidential human resources records, you would employ:</em><em>a system of authorization management.</em>
<h3>What is an authorization management system?</h3>
One of the crucial elements of Management Information Systems (MIS) for the security consideration is authorization management. The Role-Based Access Control (RBAC) solution increases the security and efficiency of Authorization Management.
<h3>What is the authorization procedure?</h3>
A server assesses if a client has permission to use a resource or access a file through the authorization procedure. Authentication and authorization are frequently combined so that the server can identify the client making the access request.
<h3>What is an example of authorization?</h3>
Good instances of authorization include allowing specific users to have administrative access to an application or granting someone permission to download a specific file from a server.
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Answer:
Best estimate for inventory =$70,764.85
Explanation:
The closing inventory value at retail
= (Opening inventory + Purchases - sales) all in retail prices
= $123,000 + $483,000 - 493,000.
= 113000
Closing inventory value at cost
=113,000 × (64,500 + 315,000)/(123,000 + $483,000)
=70,764.85
Best estimate for inventory =$70,764.85
Answer:
Scottish workers have an absolute advantage in producing scones.
English workers have an absolute advantage in producing sweaters.
The opportunity cost Scottish workers have a comparative advantage in Sweaters and English workers have a comparative advantage in Scones.
Explanation:
English workers can produce 50 scones per hour which is 10 more than Scottish workers who can produce 40 scones an hour, they have an absolute advantage in producing scones.
Scottish workers can produce 2 sweaters compared with English workers who can only produce 1, they have an absolute advantage.
The opportunity cost of an English worker producing a sweater is 50 scones. This is because if they spend an hour producing a sweater, they could have been producing 50 scones.
The opportunity cost of a Scottish worker producing a sweater is 20 scones. This is because in an hour they can produce 2 sweaters or 40 scones. Therefore, for each sweater they lose 20 scones
