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
<u>Answer:</u> Shoe cut should focus on running shoes.
<u>Explanation: </u>
The resources of the company can be fully utilized when they are on the PPF ( Production Possibility Curve). Additional goods cannot be produced without foregoing another product. For the study we can consider that in combination B 12 units of running shoes are produced and 2 units of hiking boots are produced.
If the hiking boots are foregone then 3 units of running shoes can be produced additionally. The maximum capacity for running shoes is 15 and that of hiking shoes is only 10. So the Shoe Hut should focus on producing running shoes insert.
Answer: c. A cooperative agreement between two or more firms from a different national background.
Explanation:A cross-border alliance is a cooperative agreement between two or more firms from a different national backgrounds for the purpose of pursuing mutual interests through sharing of resources and capabilities. There are many reasons for firms to enter into a cross-border alliance. Some of the reasons could be to enter new markets where neither could do alone or to share and gain access to the other firms resources and information.
Answer:
A. Derrick must counsel Jack to help him understand the factors that are affecting his motivation.
Explanation:
The reason is that the doing similar task over and over again demotivates the employees and as a result we see decline in the productivity of the employee. This means the manager must tailor the fixed benefits that the salesperson is generating from his job to performance based to increase the productivity of the employees. Furthermore, this can also be understood by counseling Jack and acknowledging the situation and key factors that demotivated him. The manager must then resolve the employee's issues.
