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Arte-miy333 [17]
3 years ago
5

Jim had a beginning inventory of $5,500. During the month of April, he purchased $4,000 of food and had an ending inventory of $

3,800 at the end of the month. His sales for April were $8,750. What was his inventory turnover?
Business
1 answer:
Likurg_2 [28]3 years ago
8 0

Answer:

1.23

Explanation:

Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period.

Cost of Sales=Opening Inventory+Purchases-Closing Inventory

                      =5,500+4,000-3,800= 5,700

Average Inventory= Opening + Closing/2

                              = 5,500+3,800/2= 4,650

Inventory Turnover Ratio= <u>Cost of Sales</u>

                                            Avg Inventory

                                          = 5,700/4,650=1.23

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Sphinxa [80]

The main function of the National Center for Missing & Exploited Children (NCMEC) is to facilitate the identification of children and their reunification.

The family reunion is accepted as a reason for immigration in many countries. This is because if she has one or more family members in a particular country, only the remaining members of the separated family or certain family members can move to that country.

Family reunification in youth welfare refers to the process by which children in a foster family return to their real parents. Reunion with foster parents is a common goal and most common outcome for children in Foster Care.

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5 0
2 years ago
Firms that sell luxury products, custom-made products, and services (like wedding planners, home builders, etc) often take the t
Illusion [34]

Answer:

One to one marketing

Explanation:

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Under such form of marketing, the seller stresses upon knowing individual choices and preferences and then serving the customer needs on individual or one to one basis.

One to one marketing is of two forms, personalization and customization. Under the former, the seller recommends products to customers based upon their past purchase history.

Under customization , the company provides an option to the customers to get a product customized as per their requirement and needs.

5 0
4 years ago
What kind of risk is associated with product innovations in the early stage that design thinking helps to mitigate?.
Svetach [21]

The type of risk is associated with product innovations in the early stage that design thinking helps to mitigate is known as financial risk.

<h3>What is Risk?</h3>

Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.

Financial risk can be defined as the risk associated with the regard of the funds in the organization. It arises at the time of the product development.

Therefore, it can be concluded that Financial risk is the sort of risk associated with early-stage new designs that creative thinking helps to reduce.

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3 0
1 year ago
Barkley Company sells two​ products, red cups and black mugs. Barkley predicts that it will sell 2 comma 100 red cups and 700 bl
faltersainse [42]

Answer:

$2.73

Explanation:

Contribution margin:

Red = Unit Contribution margin × Sales Mix

      = $ 2.90 × 2,100

      = $6,090

Black = Unit Contribution margin × Sales Mix

         = $ 3.00 × 700

         = $2,100

Total contribution margin = Red + Black

                                           = $6,090 + $2,100

                                           = $8,190

Total sales mix = 2,100 + 700

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Weighted CM:

= Total Contribution Margin ÷ Sales Mix

=  $8,190 ÷ 3,000

= $2.73

8 0
3 years ago
According to Walter Shewhart:_______
Novosadov [1.4K]

Answer:

c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

Explanation:

Walter Shewhart is regarded as an important personality in the history of quality management. He asserted that the behavior of real processes had the tendency to change as time changed and it was not the behaviur of theoretical random distributions.

Walter Shewhart posited that causes of variation could be divided into two which are chance cause and assignable cause. He maintained that chance causes could be ignored if they did not cause too much variation, and any attempt to eliminate them usually made the problem worse. He however posited that it was possible to fix assignable causes.

Walter Shewhart invented control chart in order to differentiate between variations caused by random events and trends that indicated assignable causes. There is time and a plot of sample measurements on the bottom axis of a control chart. The mean, upper control limit, lower control limit, and warning lines that are two sigma from the mean are indicated by horizontal lines.

Based on the above explanatio, the correct option is c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.

8 0
3 years ago
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