Answer:
Inventory turnover= 3.25
Explanation:
Giving the following information:
Cost of merchandise sold $552,500
Inventories:
Beginning of year 200,000
End of year 140,000
<u>To calculate the inventory turnover, we need to use the following formula:</u>
Inventory turnover= Cost of goods sold/ average inventory
Average inventory= (beginning inventory + ending inventory) / 2
Average inventory= (200,000 + 140,000)/2= 170,000
Inventory turnover= 552,500/170,000
Inventory turnover= 3.25
Answer:
The characteristics of a mixed economy include allowing supply and demand to determine fair prices, the protection of private property, innovation being promoted, standards of employment, the limitation of government in business yet allowing the government to provide overall welfare, and market facilitation by the self-interest of the players involved.
Answer:
neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year
Explanation:
a. the percentage change in the price of pretzels is equal to the percentage change in the price of cookies from year to year. b. the number of pretzels bought by the typical consumer is equal to the number of cookies bought by the typical consumer in each year. neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year. d. neither the price of pretzels nor the price of cookies changes from year to year.
The consumer price index measures the changes in the price level of a basket of good. It is used to measure the rate of inflation.
Since the CPI measures changes in price level, it is assumed that quantities of goods purchased remains constant.
I hope my answer helps you
C, Dancing. Have a good rest of your day!!
I would say Influence consideration. Influence consideration with people who are researching a product or service but haven't yet made a purchasing decision. Drive action or sales with people who want your product or service and are ready to become customers or subscribers.
