Answer:
All of the above are considered important in strengthening partner relationships
Explanation:
Partner relationship exists when two or more people come together to undertake a business venture. Profits and losses are between all partners.
Maintaining a good partner relationship ensures that the business performs and meets its goals.
A strategic path for objectives of the partners means the business does not only plan but executes its plans.
Shared vision and objectives ensures the partners work in harmony to achieve set targets.
The obejecives should be measureable, this sets realistic milestones.
Also shared vision and objectives should be formally agreed to by all parties.
Answer:
13.5%
Explanation:
Relevant data provided for computing the profit margin which is here below:-
Net Income = $175,000
Net Sales = $1,300,000
The computation of profit margin is shown below:-
Profit Margin = (Net Income ÷ Net Sales) × 100
= ($175,000 ÷ $1,300,000) × 100
= 13.5%
Therefore for computing the profit margin we simply applied the above formula.
A higher interest rate is one economic mechanism by which government borrowing can crowd out private investment. This is further explained below.
<h3>What is the economic mechanism?</h3>
Generally, A mechanism is a mathematical representation of the organizations that govern and coordinate economic activity.
In conclusion, Increasing the interest rate is one of the ways in which the government may stifle private sector investment. This will be detailed in further detail in the following paragraphs.
Read more about the economic mechanism
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The sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
Arne Morris Sorenson is an American hotel executive and served as the hotel president and chief executive officer.
- Sorenson's style of leadership entails combination of empathy, personal warmth and iron principle attracted deep admiration throughout the corporate world.
Therefore, the sorenson’s video for marriott employees exhibited characteristics of commanding leadership style.
Read more about commanding leadership
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Answer and Explanation:
The computation is shown below;
For Year 1
Average inventory = (Beginning inventory + Ending inventory)÷ 2
= ($64,000 + $80,000) ÷ 2
= $72,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $606,000 ÷ 72,000
= 8.4 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 8.4
= 43.5 days
For Year 2
Average inventory = (Beginning inventory + Ending inventory) ÷ 2
= ($80,000 + $72,000) ÷ 2
= $76,000
Inventory turnover = Cost of goods sold ÷ Average inventory
= $500,800 ÷ 76,000
= 6.6 times
Days in inventory = 365 ÷ Inventory turnover ratio
= 365 ÷ 6.6
= 55.3 days