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trapecia [35]
3 years ago
11

A firm's database showed that the average value of all inventory items for the year was $7,650. The cost of goods sold was repor

ted at $76,500. Because the company closes for two weeks each year, its business year is reduced in length. How many weeks of supply were held in inventory? Group of answer choices
Business
1 answer:
Zinaida [17]3 years ago
8 0

Answer:

We know the average inventory was 7,650 and the cost of goods sold through  out the yer were 76,500.There are about 52 weeks in a year. If the company closes for 2 weeks, then they are in business for 50 weeks a year.

If we divide the cost of goods sold by the number of weeks that the company is open, we get what is the cost of goods sold each week.

76,500/50= 1,530

The company has 1,530 of cost of goods sold each week. And their average inventory is of 7650 so if we divide average inventory by the cost of goods sold each week, we will get how many weeks of supply is held in inventory.

7650/1530=5

The company holds 5 weeks of supply in inventory.

Explanation:

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9.15. A market contains a group of identical price-taking firms. Each firm has a marginal cost curve SMC(Q) 2Q, where Q is the a
notsponge [240]

Answer:

equilibrium market price = 40

Number of firms in the industry = 240

Explanation:

Let we assume the number of firms be N

And, at equilibrium

Marginal cost = market price

2Q = P i.e market price .....................(i)

Also demand = supply at equilibrium  point

which equals to

= 240 × (P ÷ 2) = N × Q.......(ii)

So,

from (i) and (ii)

N i.e Number of firms in the industry = 240

since Q i.e Quantity =20 units

So,

P = 2Q

 = $40

5 0
3 years ago
Name two steps Mexico’s government did to reform their economy.
Tju [1.3M]

Answer:

privitazation of government operated firms, and they opened the economy to trade and foreign investment

Explanation:

7 0
3 years ago
The characteristics of unhealthy company cultures include
Margaret [11]
Always agreeing with anyone above you
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Inconsistency in products or service

Maybe that's enough, huh?
5 0
3 years ago
​michelle's business produces ceramic cups using​ labor, clay, and a kiln. she produces cups using a fixed proportion of labor a
nikitadnepr [17]
<span>Diminishing marginal returns - By investing in hiring an additional worker, Michelle does not receive twice the productivity compared to when she had only 1 worker. Productivity only increased by roughly 50%. I would consider the worker to be more of an investment, and thus count as diminishing marginal returns, rather than decreasing returns to scale, which I consider to apply more to assets, such as machines for manufacturing or in the case of the scenario, an additional kiln.</span>
4 0
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The listing agent received a full price offer that she faxed to the out-of-town seller. The seller signed the faxed copy, and fa
ExtremeBDS [4]

Answer: Yes contract has been formed.

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In the scenario the actual signature was signed on a hard copy by the seller, but it was then faxed back to the listing agent. This faxed copy, showing the faxed signature, is an electronic document that confirms the existence of the contract in accordance with the UETA. This faxed signature is as enforceable as an ink signature.

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3 years ago
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