Answer:
Inventory turnover in days = 43.59 days
Inventory turnover (No of times)= 8.37 times
Explanation:
<em>Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.</em>
Inventory turnover in days
= Average inventory /Cost of goods sold × 365 days
<em>Average inventory = (Opening Inventory + closing inventory)/2</em>
<em>Average inventory </em>
= (21,000 + 22,000)/2
= 21,500
<em>Inventory turnover in days</em>
(21,500/180,600) × 365 days
=43.597 days
Inventory turnover (No of times )
= Cost of goods sold/Average inventory
= 180,600/21,500
= 8.37 times
Answer:
The answer is option A) A peer-review board for alternative dispute resolution usually consists of: an equal number of employee representatives and management appointees
Explanation:
Alternative dispute resolution is an affordable, less time consuming and less formal way of settling workplace disputes. To achieve this feat, a peer review board is constituted.
A peer review board usually consists of employers and management appointees and it could be a voluntary decision on their art to participate.
The pool of individuals nominated to be part of the peer review board is considered objective and unbiased in their assessment of the issue to be resolved. They are also deemed skillful in the art of listening and arbitration.
It helps tell producers when a price is too high
Answer:
(a) 3.2
(b) 10 minutes
(c) 0.8
Explanation:
Mean number of customer in service:
= Arrival rate ÷ service rate
= 24 in 60 min ÷ 30 in 60 min
= 24 ÷ 30
= 0.8
a) Average number of people in line:
= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)
= 0.8 × (24 ÷ 6
)
= 3.2
b) Average time spend at the ticket office is = 10 minutes
c) Proportion of time server is busy:
= Arrival rate ÷ service rate
= (24 in 60 min ÷ 30 in 60 min)
= 24 ÷ 30
= 0.8
Answer:
The correct option is D,cannot be determined from the data provided
Explanation:
Break-even points in units=fixed costs/contribution margin per unit
Contribution margin per unit =selling price -variable cost
In other words, from the scenario, it is clear that the numerator fixed costs has increased and also a reduction in variable cost per unit implies an increase in contribution margin per unit since a lesser variable cost is being deducted from selling price.
The impact of both increases in fixed costs and contribution margin cannot be determined except if more details is provided which will give further guidance regarding which of the two increased at a higher rate compared to the other.
