Answer:
a. True
Explanation:
An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.
The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.
Answer:
Economics
Explanation:
Economics is the study of the activities that individuals and society undertake to satisfy their unlimited wants using scarce resources. Economics involves analysis of the production of goods and services, their distribution and consumption in a country. It involves the study of how individuals, firms, and the government allocates scarce resources to meet the need of society.
Economics is categorized in microeconomics and macroeconomics. Microeconomics concentrates on the key economic indicators such as demand, supply, and income and how they affect an individual, firm, or product. Macroeconomics studies the economic conditions in a country as a whole. It is concerned with issues such as inflation, Unemployment rate, and GDP
Answer:
a. Floor- ready
Explanation:
For some retail stores who are into selling of dresses, most of these dresses have already been pre-tagged and pre-ticketed with the necessary information like putting certain mark on them, to specify the price, colour, type etc before being delivered to these stores.
In floor ready merchandize, the products have already been prepared such that the retailer do not have to prepare anyother thing other than to display them for sale. Here, burden of having to put the price tag , ticket number is eased off the retailer.
The aim is to display the dress in the store the way it should be which ultimately leads to real time feeling and customer experience.
<span>If winston only needed to hold 35.7 days of inventory than it would only need an average inventory per year of 3378.29 (Avg inv/avg COGS = avg daily inventory held which is 3378.29/94.6 = 35.7). It currently holds 4025 inventory on average throughout the year so it's holding 647 million dollars of inventory more than it would if it lowered its ratio to 35.7.</span>