1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
3 years ago
15

What is inventory turnover? Explain the effect of a high inventory turnover during the Christmas shopping season.

Business
1 answer:
charle [14.2K]3 years ago
4 0

Answer:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

The inventory turnover represent how many times the company sales their inventory during the year or period of analysis.

A high inventory turnover during Christmas shopping seasons mean sales are higher. The inventory in the store is sold more times during this time.

You might be interested in
When you buy in bulk, the price per individual item .
iogann1982 [59]

Answer:

Decreases

Explanation:

The seller is willing to diminsh price if he can sell more units of anygiven product.

3 0
3 years ago
Competition among more shoe sellers will _____ the price of shoes. increase decrease not change
storchak [24]
Decrease is correct answer.
8 0
3 years ago
Read 2 more answers
True or false: The many legal barriers in place around the world makes it difficult to buy securities from foreign companies.
Margarita [4]

Answer:

false

Explanation:

thanks to expanded communications and the relaxation of many legal barriers, investors can buy securities from companies anywhere in the world.

6 0
1 year ago
Which of the following is not an example of income? wages food tips allowance.
kondaur [170]

Food because income is money you take in.

4 0
3 years ago
Read 2 more answers
Kroger, a supermarket chain, has committed to source 100 percent of wild-caught seafood in its seafood departments from fisherie
saul85 [17]

Answer:

Kroger has the buying objective of responsible  sourcing and supply chain sustainability.

Explanation:

Responsible sourcing involves procuring materials for a business where ethics and long-term sustainability are the watchwords.

The only to way to ensure suppliers do the right in business is for their customers to assess them based on ethics and sustainability,hence supplier that does not conform to ideal business ethics is at the risk of losing business. No doubt that  suppliers are forced to the right thing in ensuring the environment and their host communities do not suffer hardship emanating from their operational hazards.

8 0
3 years ago
Other questions:
  • Your accountants tell you that it costs $400 to set up an immunization program at a preschool and immunize one child against pol
    13·1 answer
  • A building acquired at the beginning of the year at a cost of $1,375,000 has an estimated residual value of $250,000 and an esti
    15·1 answer
  • Karim Corp. requires a minimum $8,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% inter
    11·1 answer
  • some people have argued that the reported unemployment rate actually understates the extent of unemployment . explain this reaso
    10·1 answer
  • Binz Company provides cleaning services and sells garbage bins to office clients. On June 1^st, Binz delivered 100 garbage bins
    11·1 answer
  • Combinations of the marketing mix that reflect the unique attitudes, ancestry, communication preferences, and lifestyles of diff
    14·1 answer
  • Usiness-level strategies detail commitments and actions taken to provide value to customers and gain competitive advantage by ex
    6·2 answers
  • 4. Which of the following is minced by very thin slicing?
    14·2 answers
  • A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in m
    13·1 answer
  • If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends, and has net income of $100,000, how much w
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!