Explaining the upward trend in the inventory turnover ratio requires more examination into the factor responsible for the cause of the increase in inventory turnover. Inventory turnover could be as a result of declining inventory or increasing sales.
<h3>Description of inventory turnover.</h3>
Inventory turnover is an example of an activity ratio Activity ratios measure a firm's efficiency in performing daily tasks.
Inventory turnover is cost of goods sold divided by average inventory.
The higher inventory turnover is, the better. But it should be noted that a higher inventory turnover could be a s result of declining inventory or increasing sales.
To learn more about financial ratios, please check: brainly.com/question/26092288
The correct answer is B. 6 per hour
Explanation:
The term "arrival rate" refers to the number of customers that arrive at a business during a specific time such as an hour or a day. This is determined by how often customers arrive or the time between arrivals. This concept complements the service rate, which refers to the customers that receive a service during a period of time.
In the case presented, it is known the time between arrivals is 10 minutes, this means it is expected every 10 minutes a new customer arrives. Based on this, each hour the business can expect a total of 6 customers as 60 minutes divided by 10 (time between arrivals) = 6 customers. Thus, the rate of arrival is 6 per hour.
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Answer:
D. $4,000
Explanation:
For Anderson Antiques the following have been given
Opening balance= $4,000
Cash receipts (inflow)= $365,000
Cash disbursed (outflow)= $370,000
Desired reserve= $3,000
So cash at end of day= Opening balance + cash inflow - cash outflow
= 4,000+ 365,000- 370,000
= - 1,000
Remember we want a cash reserve of $3,000 so we take it out of closing balance
Final figure= -1,000-3000= -$4,000
So shortfall of $4,000