Answer: Option A
Explanation: In simple words, complement goods refers to those goods which are used together for example - diesel and diesel car. If the price of diesel increases then the demand for diesel cars will decrease as the consumers will shift to petrol cars or other such means.
These goods depicts negative relationship between price of one and demand for another.
Hence from the above we can conclude that the correct option is A .
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
