Answer:
(a) 8 times
(b) 45.6 days
Explanation:
Given that,
Cost of goods sold = $500,000
Average inventory = $62,500
Assume 365 days a year.
(a) Inventory turnover ratio:
= Cost of goods sold ÷ Average inventory
= $500,000 ÷ $62,500
= 8 times
(b) Number of days' sales in inventory days:
= 365 days ÷ Inventory turnover ratio
= 365 days ÷ 8
= 45.6 days
Answer:
Explanation:
variations in pricing of goods and services
Answer:
Jennifer's gross income for a 2 week pay period is d.$1,041.00
Explanation:
Jennifer works 6 hours per day, 5 days per week
The number of hours Jennifer works per week = 6 x 5 = 30 hours
The number of hours Jennifer works for 2 weeks = 30 x 2 = 60 hours
She earns $17.35 per hour and works 60 hours for 2 weeks, Jennifer's gross income for a 2 week pay period:
60 x $17.35 = $1,041
Stakeholder capitalism is a system in which corporations are oriented to serve the interests of all their stakeholders. ... Supporters of stakeholder capitalism believe that serving the interests of all stakeholders, as opposed to only shareholders, is essential to the long-term success and health of any business.