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Doss [256]
4 years ago
14

The grocery industry has an annual inventory turnover of about 16 times. Organic​ Grocers, Inc., had a cost of goods sold last y

ear of ​$10 comma 860,000​; its average inventory was ​$990,590. What was Organic​ Grocers' inventory​ turnover, and how does that performance compare with that of the​ industry?
Business
1 answer:
Natalija [7]4 years ago
7 0

Answer:

Inventory turnover = <u>Cost of goods sold</u>  

                                  Average inventory

                               =  <u>$10,860,000</u>

                                  $990,590

                               =   11 times

The inventory turnover of 11 times implies that the Organic Grocers generates less sales from inventory compared with industry average.                                                                                                                                                                                                                                                                                                                                                                                                                                                      

Explanation:

Inventory turnover is the ratio of cost of goods sold to average inventory.

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3 years ago
When cash is received from a stockholder in exchange for common stock, the transaction is recorded by debiting Cash and creditin
MariettaO [177]

Answer:

Equity account

Explanation:

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The journal entry is

Cash Dr XXXXX

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5 0
3 years ago
Whether you realize it or not, you spend a great deal of time attempting to influence others, including your professors, parents
lesya692 [45]

Answer:

Matching each term to the influence tactic that its description best represents:

a. To influence your boss to give you a raise, you prepared a presentation that showed your productivity and output over the past five years, compared to your coworkers.

Rational persuasion

b. The ASPCA influences consumers to donate by showing heart wrenching commercials that feature animals in shelters.

Inspirational appeals

c. In order to make a decision that will affect your entire team, you discuss the options with several of your team members and seek their input and advice.

Consultation

d. Before asking you to take on a particularly difficult and thankless assignment, your boss spends a few minutes praising all of your recent successes at work.

Ingratiating tactics

e. Your coworker wants you to cover his shift later this week, so he reminds you that the two of you are close and that this is what friends do for one another.

Personal appeals

f. Your boss tells you that if you are willing to work Thanksgiving week without any days off, she will guarantee that you don't have to work during the next major holiday week.

Legitimating tactics

Explanation:

1. Ingratiating tactics: techniques of making oneself more likeable to one's target.  It includes being friendly, helpful, and using praise or flattery.

2. Personal tactics: the techniques used to build a personal brand.

3. Rational persuasion: presenting a logical, well-reasoned explanation of why you believe your idea represents the best option in a particular situation.

4. Inspirational appeals: focusing on values, emotions, and beliefs to gain support for a request or course of action.

5. Personal appeals: Using personal attraction, interestingness, charisma, sexual allure to excite others.

6. Legitimating tactics: These techniques enforce compliance to rules or policies, or use threats based on authority.

7. Consultation: Gaining the participation of others in planning, decision making, and change management.

8. Exchange tactics: These tactics exchange favors.

9. Coalition tactics: Building others' consensus to pursue a course of action.

3 0
3 years ago
________ defense involves occupying the most desirable market space in the minds of the consumers and making the brand almost im
AleksandrR [38]

Answer:

Position Defense

Explanation:

Based on the description provided within the question it can be said that the term being described is called Position Defense. Like mentioned in the question this is when a company/business manages to surpass it's competition in desirability and intends to maintain that position with zero intention of diverting from it, and will do everything possible in order to do so.

8 0
4 years ago
Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the re
netineya [11]

Answer:

Purchase Company

                                                                  RU-1           RU-2          RU-3

Goodwill Impairment loss (gain)           $8,300      $44,600 ($383,250)

Explanation:

a) Data and Calculations:

Carrying Amounts

                                   RU-1           RU-2          RU-3

Tangible assets   $215,500   $261,000   $158,250

Trademark            257,000

Customer list        154,500

Unpatented technology        232,500

Licenses                                 100,000

Copyrights                                                  65,500

Goodwill               190,250       187,550     136,500

Liabilities              (35,000)

Book values      $782,250    $781,050  $360,250

Fair values        $773,950    $736,450  $743,500

Goodwill Impairment

 loss (gain)           $8,300      $44,600 ($383,250)

b) Purchase Company will recognize Goodwill impairment expense for RU-1 and RU-2.  It will recognize a Goodwill impairment gain for RU-3.  A goodwill impairment gain results when the fair value is higher than the book value of the net realizable assets.

6 0
3 years ago
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