Answer:
Medium of exchange
Explanation:
Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.
Answer:
Arithmetic = 3%
Geometric = 2.37%
Explanation:
The arithmetic average of 'n' returns is given by:

For five returns of 5% ,21%, -12%, 7%, and -6%:

The geometric average of 'n' returns is given by:
![G=\sqrt[n]{(1+r_1)*(1+r_2)*...*(1+r_n)}-1](https://tex.z-dn.net/?f=G%3D%5Csqrt%5Bn%5D%7B%281%2Br_1%29%2A%281%2Br_2%29%2A...%2A%281%2Br_n%29%7D-1)
For five returns of 5% ,21%, -12%, 7%, and -6%:
![G=\sqrt[5]{(1+0.05)*(1+0.21)*(1-0.12)*(1+0.07)*(1-0.06)}-1\\G=0.0237=2.37\%](https://tex.z-dn.net/?f=G%3D%5Csqrt%5B5%5D%7B%281%2B0.05%29%2A%281%2B0.21%29%2A%281-0.12%29%2A%281%2B0.07%29%2A%281-0.06%29%7D-1%5C%5CG%3D0.0237%3D2.37%5C%25)
<em>MISSING INFORMATION:</em>
concept // Year 2 // Year 1
Sales 7,620 7,450
Account Receivables 655 588
Answer:
Yes, there is. The days to collect increase by 4.16 to 29.77 from 26.61
Which is a bad sing as the company delays more to collect form their customers
Explanation:
Account Receivable turnover:
Average receivable:
(458 + 588 ) / 2 = 523
7,450 / 523 = 14.25
Days to collect: 365 / 14.25 = 25,61
Second Year:
Average receivable: (655 + 588) / 2 = 621.5
Turnover: 7,620 / 621.5 = 12.26
Days to collect: 365 / 12.26 = 29,77
29.77 - 25.61 = 4.16
Answer: I think Anything tight, bright, short, or sheer should absolutely be avoided.
Explanation:
Answer:
a. The power and influence of industry driving forces
Explanation:
As per Michael Porter, there exist five competitive forces that influence competition in an industry. The five forces as per Porter are:
- Potential entrants
- Industry competitors
- Customers
- Substitutes
- Suppliers
Potential entrants refers to the risk of new entrants in the market.
Industry competitors refers to the extent of rivalry and competition between existing firms.
Customers relate to the negotiating or bargaining power of the customers and to what extent they exercise such power.
Substitutes refer to the emergence of substitute products in the market which may drive down a firm's sales.
Suppliers relate to the bargaining power exercised by suppliers with respect to inputs.