An inventory turnover analysis is useful to the internal auditor because it may detect <u>the existence of obsolete merchandise.</u>
Inventory that has reached the end of its useful life is called as obsolete inventory. It has been a while since this inventory was utilized or sold, and it is not anticipated that it will be in the near future. This kind of inventory must be written off or written down and can result in significant losses for a business.
<h3>What is turnover analysis?</h3>
The dynamics of people leaving or remaining in an organization are evaluated using turnover analysis to:
- The causes of people's departures and stays
- The expense of turnover caused by a lapse in company continuity
- How to reduce the danger of present employees leaving the company through turnover
The projected expense of replacing a paid worker ranges from 6 to 9 months of that worker's salary and includes both the direct expense of hiring a replacement and the indirect expense of lost productivity.
The ability of the company to accomplish its objectives and provide for its consumers may be compromised by high turnover. The customer experience can change noticeably even in response to small increases in turnover.
Employee turnover costs are frequently unforeseen and hence not accounted for.
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Answer:
C.Sole proprietorship
Explanation:
Which of the following organizational structures led to massive increases in the deployment of capital in the US and UK in the nineteenth century?a. Limited liability companies
b. Partnerships
c. Sole proprietorships
d. Worker cooperatives
Sole Proprietorship is a business structure owned by one person. He manages the business alone. Handles the risk and profits alone. This form of business pays more in tax to the government than Big business owners or investors.
In the nineteenth century, there was a shift in industrial revolution. Before ,lots of the people worked as labourers in large textile factories, rubber plants, shoe factories etc. The citizens of the these countries saw the need to establish there businesses as Governments began establish incentives that makes small business owners to thrive and survive.
<span>One reason taco bell raised its prices was the result of an increase in costs.</span>
The type of data is this called raw data when You find some public records about customer satisfaction in the company's archive.
Raw data collection is typically not ready for analysis, but when organized and cleaned, it becomes data. Processed data is the type of data that has been processed from raw data.
The term raw data is most commonly used to refer to information collected for research studies before the information is transformed or analyzed in any way. This term may apply to data that has been collected or cleaned once but has not been further transformed or analyzed.
A list of all purchases made at the store during the month, but without further structure or analysis. A video captured every second by a surveillance camera at night. The performance of all his students in the district for one quarter. List of all movies streamed by video streaming companies.
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Answer:
Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.
Explanation:
Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.
