The formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.
<h3>What is Inventory forecasting?</h3>
Inventory forecasting can be defined as the process in which companies tend to make you of their past inventory data or information to estimate, predict ad forecast the inventory they will need in the future and by doing this it prevent the companies from running of inventory.
Most companies tend to make use of Reorder level so as to avoid running out of stock.
The formula that can be used to forecast inventory is (Inventory days / Cost of sales) x 365.
Therefore the formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.
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B is the correct answer r
Answer:
An industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing. The Primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, and mining.
Explanation:
Answer:
$5,262.63
Explanation:
The computation of the program increase in total spending in economy is shown below:
But before that we need to find out the government spending multiplier is '
= 1 ÷ (1 - MPC)
= 1 ÷ (1 - 0.85)
= 6.67
Now
The increase in total spending is
= increase in spending × spending multiplier
= $789 billion × 6.67
= $5,262.63
Hence it would be increased by $5,262.63
Answer:
The present value = $3,602.30
Explanation:
To calculate this, we will use the formula for calculating the future value for an amount invested, compounded semiannually at a certain interest rate. This is done as follows:
where:
FV = Future value = $4,500
PV = Present value = ??
r = interest rate = 4.5% = 4.5/100 = 0.045
n = number of compunding period per year = semiannually = 2
t = time = 5
Therefore, the present value = $3,602.30