Inventory turnover = Cost of goods sold / Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
= ($20,000 + $40,000) / 2
= $30,000
Inventory turnover = $360,000 / $30,000
= 12 times.
In Ghana. In the late spring 1970 Steve Reich went to Ghana to think about drumming. With a travel concede from the Special Projects division of the Institute of International Education, he advanced toward Accra keeping in mind the end goal to think about with Gideon Alorworye, the inhabitant ace drummer of the Ghana Dance Ensemble.
A marketer is a person whose primary responsibility is to promote and sell the products and services produced by a manufacturer.
The two key questions the marketer needs to ask are:
- <em>how do potential buyers go about making purchase decisions?</em>
- <em>how do potential buyers go about making purchase decisions?What influences a potential buyer's decision process and in what way?</em>
1. A marketer is responsible for making research and determining how potential buyers make decision on the choice of product to purchases.
2. The marketer also think about what factors influence the decision making of the buyer and the decisions no are taken.
Therefore, the marketer works on those two questions in order to ensure increase in sales and profit if the manufacturer.
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Answer:
d. 391,667
Explanation:
Contribution per unit = Selling price - Variable cost = $4 - $2.80 = $1.20
Break even point = Fixed cost ÷ Contribution per unit = $470,000 ÷ $1.20 = 391,667 units
Therefore, the company's breakeven point, i.e., the unit sales volume that would make income equal costs is 391,667 units.
Answer:
it is an example of minimizing the risk of business
Explanation:
There is a difference between managing proactively and creatively.
Managing creatively only carried out after the company experience some sort of bad circumstances. IT is used to fix the situation.
Managing proactively on the other hand is carried out on a regular basis, even before any bad circumstances happen. This type of management will prevent the company in experiencing unnecessary damage and will be beneficial for the company in the. long run, This will minimize the risk that might occur to the company.