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aksik [14]
4 years ago
10

Compute New Home​'s inventory turnover rate for the year.​ (Round to two decimal​ places.) Select the labels and enter the amoun

ts to compute the inventory turnover rate.
Business
1 answer:
olasank [31]4 years ago
7 0

Answer:

Inventory Turnover Ratio = 7.43 times

Explanation:  Due to missing data following assumptions have been taken:

<u>Assumptions</u><u>:</u>  Sales Value: $600,000

                        Gross Profit: $80,000

                        Opening Inventory: $ 60,000

                        Closing Inventory: $80,000

Inventory Turnover Ratio = \frac{Cost\ Of\ Goods\ Sold}{Average\ Stock}

Cost Of Goods Sold = Sales - Gross Profit = $600,000 - $80,000 = $520,000

Average Stock = \frac{OS +\ CS}{2}

WHERE, OS = Opening Stock

              CS= Closing Stock

Average Stock = $70,000

Inventory Turnover Ratio = \frac{520,000}{70,000} = 7.43 times

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A project organization structure where team members report to a functional manager as well as to the project manager is called A
Dafna11 [192]

Answer:

A. a matrix structure.

Explanation:

A matrix organizational structure is a type work structure where reporting relationships between employees are set up as a matrix rather than the conventional hierarchy approach. This simply means, there are two (2) chains of command; employees have dual reporting relationships to both a project and functional manager.

The matrix organizational structure can be classified into three (3) categories, these are;

1. Weak matrix structure.

2. Balanced matrix structure.

3. Strong matrix structure.

In project management, a strong matrix is also known as the project matrix and it basically refers to a matrix project that is significantly similar or having close resemblance with the pure project. In the strong matrix structure, the project manager controls most of the project activities and functions, including the assignment and control of project resources.

This ultimately implies that the project manager primarily holds a full-time role and has a sole authority, and as such control the budget. The role of the functional manager is usually minimal.

Hence, a project organization structure where team members report to a functional manager as well as to the project manager is called a matrix structure.

8 0
3 years ago
Which of these careers requires several years of school beyond a four-year degree?
IceJOKER [234]
I'm not sure, but I think that it is D. Lawyer
5 0
3 years ago
Suppose Megan gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $3
kicyunya [14]

Answer:

0.75, 0.25

Explanation:

With an increase in disposable income marginal propensity to consume increase. Similarly, with an increase in disposable income marginal propensity to save increases. Marginal propensity to save is the amount of money saved or kept after a fraction increase in overall disposable income.

MPC = 300/400=0.75

MPS = 100/400=0.25

Marginal propensity to consume is 0.75

Marginal propensity to save is 0.25

5 0
3 years ago
True or false: The National Cancer Society is an example of an organization that does not need to use marketing.
Ipatiy [6.2K]
False i believe is the correct answer,
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2 years ago
Which of the following is not a physical surroundings factor influencing buying decisions? a. Time b. Sounds c. Scents d. Lighti
Tamiku [17]

Answer:

a. Time

Explanation:

Physical surroundings factor is a category of marketing situational influence . It involves visible things that play apart in influencing customers to either buy or not buy a good or a service. It includes scents, sounds (music played in a particular store) , lighting( the brighter, the better as it makes people to makes people decide practically)  and the weather (wetter months influences people to buy sweaters, umbrellas & jackets and on summer, people are more likely to buy bikinis, vests, sandals etc.).

7 0
4 years ago
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