Answer:
b. Golfanatics did a better job because its inventory turnover was higher.
Explanation:
Inventory turnover is defined as the number of times a business sells off its inventory in a year. Businesses target higher inventory turnover as this implies that they are making more sales.
The inventory turnover of Golf Inc was 5 times in the year.
The inventory turnover of Golfanatics was every 65 days, so in a year turnover would have been= 365/65 = 5.615
So Golfanatics turned over their inventory more times (5.615 times) than did Golf Inc (5 times).
Answer:
Havana's 2016 actual return on plan asset is $504 thousand.
Explanation:
Havana's 2016 actual return on plan asset is $504 thousand.
Let actual return be x.
Ending balance of plan assets = Beginning balance of plan asset + Actual return + Cash Contributions - Retiree benefits
$6,336 = $5,760 + x + $696 - $624
x = $6,336 - $5,760 - $696 + $624
x= $504 (answer).
The money multiplier is the amount of money that is generated from the reserves of a bank:
$100/0.10 - $100 = $900 billion
The money supply is
$100/0.10 = $1000 billion of $1 trillion
If the reserves is changed to 20%, the money multiplier and money supply will decrease
Answer: template method
Explanation:
The bottom-up approach for estimating times and costs that uses costs from past projects that were similar to the current project is known as template method.
It should be noted that estimating time and cost are vital because it helps schedule work, develop needs of cash flow and show progress of a project.
