Answer:
A. At high prices, people want a small quantity. At low
Explanation:
ssi can be shared with people who have the right security clearance.
Answer:
The percentage change in net income was smaller in 2017 than 2016.
Explanation:
The percentage change in net income in 2016 was:
⇒ 150/120 -1 = 0.25 or 25%.
Whereas, the percentage change in net income in 2017 was:
⇒ 170/150 -1 = 0.1333 or 13.33%.
Hence, this statement is correct that percentage change in 2017 was 13.33% which was smaller than percentage change of 25% in 2016.
Answer:
The answer is:
A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.
Explanation:
We have the current Inventory turnover = COGS / Inventory = 41,700/10,000 = 4.17 times
=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;
Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.
Answer:
The correct answer is the option C: Downward sloping.
Explanation:
To begin with, the concept known as "Economies of Scale" is a vary famously term in the microeconomics theory due to the fact that it refers to the particular situation that a company achieves when their costs are at the lowest possible point in the long run becuase of the great volumen in production that the organization is starting to handle so that means that the more they start to produce the less the amount that the company will have to spend in the costs. Therefore that the curve in the graphic will be downward sloping due to the decrease of the prices in the costs implicating the amount that the company is handling.
