Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
The answer in the space provided is hurt. It is because of
their influence in the following factors such as the variety, quantity and the
quality of products, the trade barriers will most likely hurt the domestic
consumers involved in it.
Answer:
B) customer satisfaction
Explanation:
Customer satisfaction is a measure that shows how happy the customers are with the products and services of the company. In this scenario, the work team improved the customer satisfaction because when the employees were trained, they were able to offer a better service which increased customer satisfaction and this was reflected in the service ratings and the rise in sales.
Not really, the budgeted performance is like an expectation of a work, which is still uncertain until the result comes, in other words, an opinion on a work; while the past performance was the fact, which came from the employee's work in the past few months. To judge the fact is better than an uncertain picture.
Answer:
(a) service revenue = $117,920
(b) operating expenses = $98,110
Explanation:
The computations are shown below:
a. For service revenue
= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable
= $117,140 + $15,400 - $14,620
= $117,920
b. For operating expenses
= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense
= $104,320 + $20,400 - $26,610
= $98,110
