<span>The total quantity of output demanded at alternative price levels in a given time period, ceteris paribus, is the definition of: Aggregate demand
Aggregate demand is very useful by the company to determine at which price range and quantity the customers see the most value in the company's products or services.</span>
Answer:
a. Chase; inventory level
Explanation:
Chase Strategy is one of the two aggregate planning methods where the production is set according to demand forecasts. Hence in this type of aggregate planning, the inventory level may be increased for a certain duration to cater for higher demands while it can also be lowered through low production for low forecasts. Hence Inventory level may be manipulated to match supply and demand.
Answer:
6 times
Explanation:
The formula and the computation of the receivables turnover ratio is shown below:
Account receivable turnover ratio = (Credit sales) ÷ (Average accounts receivable balance)
= ($1,500,000) ÷ ($250,000)
= 6 times
We simply divided the credit sales by the average account receivable balance so that the receivables turnover ratio could arrive
