Answer:
(A) Inventory turnover= 10.64 times
(B) Days sales in inventory= 34.30 says
(C) Shelf life= 34.30 days
Explanation:
A7X corporation has an ending inventory of $701,073
The cost of goods sold for the year is $7,461,613
(A) The inventory turn over can be calculated as follows
= cost of goods sold/ending inventory
= 7,461,613/701,073
= 10.64 times
(B) The day sales in inventory can be calculated as follows
= 365/inventory turnover
= 365/10.64
= 34.30 days
(C) A unit of inventory sit on the shelf for 34.30 days before it is sold
Answer:
The correct answer is letter "D": Reliability.
Explanation:
In customer care, the quality dimensions refer to a set of five (5) characteristics companies must pay attention to in implementing their operations to attract customers and ensure their loyalty. Those characteristics are: Reliability, Responsiveness, Assurance, Empathy, and Tangibles.
Reliability refers to providing a service the customers can trust. Most consumers prefer traditional methods than innovative because the first has been proven to work. Then, <em>if a university promotes itself as a very traditional campus with an old-world look and feel, where the facilities are manicured and the dorm rooms are large, it is focusing on the reliability aspect of service quality.</em>
Soup + Salad = 5.50
Soup = Salad + 1
Subtitute both formulas into:
Salad + 1 + Salad = 5.50
2 Salad = 4.50
Salad = $ 2.25
= 225 cents
Answer:
B. not accurately defined by any of these statements.
Explanation:
An inferior good is defined as one whose the quantity demanded decreases as the income of its consumers increases and vice versa.
<em>Option A is incorrect because the income elasticity for inferior goods is negative and therefore, as the income of the consumers increases, the demand curve shifts to the left.</em>
<em>Option C is incorrect because an inferior good does not necessarily mean a fake good. A good can be inferior but yet meet all the standards for approval by the FDA.</em>
<em>Option D is incorrect. The price and quantity demand for inferior goods, just like normal goods do not vary directly. This is only applicable to luxurious goods.</em>
None of the statements in A, C, and D accurately defined an inferior goods.
Hence, the correct option is B.
Answer:
Here is the complete question with options: Abbey Company completed the annual count of its inventory. During the count, certain items were identified as requiring special attention. Decide how each item would be handled for Abbey Company's inventory.
item#1: Goods in transit shipped to Abbey(Purchaser) FOB destination:
item#2: Goods in transit shipped to Abbey(purchaser) FOB shipping point.
item#3: Goods in transit shipped by Abbey(seller) FOB destination.
item#4: Goods in transit shipped by Abbey(seller) shipping point.
Now, checking how these items are handled by Abbey company´s inventory.
item#1: Goods in transit shipped to Abbey(purchaser) FOB destination: Excluded from inventory as goods has not arrived to the buyer´s place, therefore, ownership will not be transferred.
item#2: Goods in transit shipped to Abbey FOB (purchaser) shipping point: Included in inventory as goods are shipped to shipping point, so ownership will be transferred if carrier accept the goods from the seller.
item#3: Goods in transit shipped by Abbey FOB(seller) destination: Included in the inventory as Abbey owns the goods while goods is in transit.
item#4: Goods in transit shipped by Abbey(seller) shipping point: Excluded from inventory as a seller, Ownership has been transferred from Abbey.