Answer:
a.
i. 4.7 times
ii. 77.1 days
b
i. 7 times
ii. 52.1 days
Explanation:
Inventory turnover = cost of goods sold / average inventory
average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125
Inventory turnover $426,650 / $90,125 = 4.7 times
Days' sales in inventory = 365 / inventory turnover = 77.1 days
for 2017
inventory turnover = cost of goods sold / average inventory
average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575
Inventory turnover $643,825 / $92,575 = 7.0 times
Days' sales in inventory = 365 / inventory turnover = 52.1 days
Answer:
The answer is: A) Quantity demanded will decrease; total revenue will rise.
Explanation:
Gasoline has an inelastic demand (price elasticity of demand ≤ 1). It means that if the price of gasoline increases 10%, consumers will only decrease the amount of gasoline they buy by 4%. So even if the quantity demanded of gasoline decreases a little, the total revenue will increase.
The reason they offer these is to help a slow selling model or brand of vehicle basically saying they do this to try to boost the hype for the vehicle and hopefully the incentives will make the model sell faster.
Hope this helped!
Answer:
The answer is 1/3.
Explanation:
No of 1 degree product = B = 12 x 1
No of 2 degree product = B = 8 x 4.5
Ratio of A / B = 12 ÷ ( 8 x 4.5)
Ratio of A / B = 1÷3.
