Answer:
The estimated inventory at May 31 is $352,549
Explanation:
In order to calculate the estimated inventory at May 31 we would have to calculate the following formula:
Estimated closing inventory=(resale of goods- sales in may)*(beginning inventory plus purchases/resale of goods
Estimated closing inventory=($1,020,000-$400,000)*($580,000)/$1,020,000)
Estimated closing inventory =($620,000*$580,000)/$1,020,000
Estimated closing inventory =$352,549
The estimated inventory at May 31 is $352,549
Answer:
Demand for business goods tends to be me more inelastic than demand for consumer goods
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Elasticity is associated with tastes and the immediate need for consumption by the economic agent. For example, medicines have a more inelastic (less price sensitive) demand because they are essential items. However, in most cases, consumer transactions are opnative for consumers. However, in the case of business transactions, there is usually a need to demand good even though the price is high. As a result, the demand for business transactions is often more inelastic than the demand from ordinary consumers.
For example, imagine the airline ticket market. A consumer travels for leisure and an executive travels for work. If the ticket is expensive, the consumer may give up the trip. This means your demand for travel is elastic (price sensitive). However, the executive has little room to give up business travel and tends to travel even if the price is higher. Therefore, business transactions are more inelastic.
Answer:
C) increase their savings
Explanation:
Saving is the act of setting aside a portion of one's income in a secure location rather than spending it. It's a method that businesses and individuals utilize to meet their financial goals. Saving consistently throughout time helps to acquire a significant sum of money that can be used to achieve financial goals. While saving is not the primary financial goal, it is a means to that end. If one's objective is to acquire a home or a car, for example, they begin saving for the down payment. Saving aids them in achieving their long-term objectives.
The answer is to determine your own working hours.
Owning you own business allows you the freedom to determine your own working hours.
All you have to do is to supervise and manage your own time. With proper inventory and developing new strategies.
A firm with a cash conversion cycle of 175 days wants to stretch its average payment period from 30 days to 45 days. this will result in a(n) decrease in the cash conversion cycle of 15 days.
The cash conversion cycle measures how long cash runs out as a company invests more in inventory to increase customer sales. It is therefore a measure of the liquidity risk associated with growth.
Cash Conversion Cycle (CCC) is a metric that represents the time (measured in days) it takes a company to convert an investment in inventory and other resources into cash flow from sales.
The cash flow conversion rate measures the efficiency with which a company converts profits into cash. This is a one-step calculation of operating cash flow divided by net income. Good ratio must be greater than or equal to 1
Learn more about cash conversion here:brainly.com/question/19595232
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