Having recently completed a business class, you suggest to Allison that she calculate the <u>"inventory turnover"</u> ratio for her store, and then compare it to other stores in her industry.
Inventory turnover is a ratio indicating how often an organization has sold and supplanted stock amid a given period. An organization would then be able to partition the days in the period by the inventory turnover equation to ascertain the days it takes to move the stock close by. It is determined as deals separated by normal stock. Computing inventory turnover can enable organizations to settle on better choices on valuing, fabricating runs, how to use advancements to move overabundance stock, and how and when to buy new stock. Inventory turnover may likewise be found by partitioning cost of merchandise sold with normal stock.
<u>Answer:</u>
<em>Yes, Americans always shared the same social and economic goals throughout history.</em>
<u>Explanation:</u>
The social economic segmentation of the American market. Market segmentation is the movement of distributing a widespread customer or business exchange, ordinarily consists of existent and potential clients, into sub-groups of customers which is recognized as segments which is based on the different type of shared features.
In distributing or segmenting businesses, researchers look for common features such as distributed needs, mutual interests, related lifestyles or even comparable demographic characterizations.
Interest
Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.
Answer:
By formation of legally binding contract.
Explanation:
Contacts are a good way for procuring inputs that have well-defined and measurable quality specifications and require highly specialized investments. Because of the high quality expected in the goods procured, having a legally enforceable contact will make the vendor provide high quality products that meets required specifications.
However when contracts dictate a particular price, so if the market price of input were to go down we will still be obligated to buy at the higher price from the vendor.
Answer:
option (C) 32,750 hours
Explanation:
Data provided in the question:
Actual manufacturing overhead cost = $250,000
Overapplied overhead = $12,000
Predetermined overhead rate = $8.00 per direct labor-hour
Now,
The total Manufacturing Overhead applied last year
= Actual manufacturing overhead cost + Overapplied overhead
= $250,000 + $12,000
= $262,000
Therefore,
Direct Labor Hours worked last year = 
or
= 
= 32,750 hours
Hence,
The correct answer is option (C) 32,750 hours
