Answer:
The answer is 3.5
Explanation:
Inventory turnover ratio is:
Cost of goods sold / Total or average inventory
Cost of goods sold is $322,000
Total Inventory in this question comprises work-in- process, finished goods and even raw materials.
So total inventory equals:
Production materials on hand $42,500 Work-in-process inventory $37,000
Finished goods on hand $12,500
Total inventory. $92,000
Therefore, inventory turnover ratio is
$322,000 / $92,000
= 3.5
<span>BON rules relating to good professional character and unprofessional conduct are intended to keep the clients and the public from incapable, unethical or illegal conduct of licenses. The main reason why this rule is implemented is ti find any unlikely acts that a nurse may perform in which the board will most likely believe that they may incalculate deception, fraud or injure the clients.</span>
Answer:
Inbound Logistics
Explanation:
Logistics is the method of managing materials and information between two points that is between the supplier and the manufacturer.
Inbound logistics means managing the materials and parts between the manufacturer and the supplier with the help of transportation and deals with the procurement and storage of the materials and parts.
A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local producers. This process is an example of <u>Inbound Logistics. </u>
People will buy at places that are cheap and sell at more expensive prices because:
- The transactions costs would be too high.
- There's little resale market for used Big Macs.
- They would be expensive to transport.
- They're perishable.
<h3>What is transactions cost?</h3>
Transactions cost simply mean the expenses that are incurred when one buys or sells a particular product.
In this case, the above options are the reasons why people are unlikely to buy Big Macs in the places where they are relatively cheap according to purchasing power parity.
Learn more about transactions cost on:
brainly.com/question/1405573
Answer:
The correct answer is: shortage; elastic; same number of.
Explanation:
Suppose the price ceiling is fixed at $50. The market equilibrium price is more than $50. This means that the price ceiling is binding.
Fixing the price ceiling below the equilibrium price level will create a shortage of tickets. There is an inverse relationship between price and quantity demanded. So the quantity demanded will be higher at a lower price. The quantity supplied on the other hand will be lower. This is because the quantity supplied is positively related to the price.
So at the ceiling price the quantity demanded will be higher than the quantity supplied. This shortage will be more if the demand is elastic. An elastic demand implies that a decrease in price will cause the quantity demanded to increase to a greater extent.
