Answer: Option C
Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.
Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.
Answer:
a. Inventory Turnover:
= Cost of goods sold / Average inventory for the year
= 642,400 / 210,000
= 3.06
b. Number of days' sales in inventory
= Ending inventory / (COGS / 365)
= 156,409 / (642,400 / 365)
= 88.9 days
c. Accounts receivable turnover
= Net sales / Average Accounts Receivable
= 1,022,000 / 43,000
= 23.77 times
d. Number of days sales in accounts receivable
= Accounts Receivable at year end / (Net sales / 365)
= 22,400 / (1,022,000 / 365)
= 8 days
of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper
Answer: Cross docking
Explanation:
The cross docking is one of the logistics procedure in which the various types of goods and the services are directly distributed from supplier to the consumers.
The main aim of the cross docking process is that it helps in increase the efficiency in the supply chain and it is used for handling the inventory system.
It is the process in which the the shipment are received, repacking of the shipments and then it is supply to the customers by the distribution center.
Therefore, Cross docking is the correct answer.
