Answer:
Forecast sales = 115% x $700 million = $805 million
Inventory = $30.2 million + .25($805 million) = $231.45 million
Inventory turnover = Forecast sales/Inventory
= $805 million/$231.45
= 3,48 times
Explanation:
Inventory turnover is the ratio of sales to inventory. Inventory is $231.45 million while forecast sales is $805 million. The division of sales by inventory gives inventory turnover.
Paid on commission is by how much you sell not by paycheck or by hour. Lets say you go out and sell a radio add, if your commission is 25% and you make 100 dollars you would only get to keep 25 dollars.
Answer: The correct answer is "e. Choose an input that varies in a pattern that is most similar to the pattern with which overhead costs vary".
Explanation: When selecting a volume-based cost driver, the goal is to: <u>Choose an input that varies in a pattern that is most similar to the pattern with which overhead costs vary, </u>so that it does not find so much difference between both patterns, so that these are similar.
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<span>There is another type of business reporting that is used to make decisions. Analytical reports offer both information and analysis, but they also include recommendations. Offering recommendations is the biggest difference between informational and <span>analytical reporting.</span></span>
Students should understand that every saving and investment product has different risks and returns. Differences include how readily investors can get their money when they need it, how fast their money will grow, and how safe their money will be.
