Blossom Company had net credit sales of $13016000 and cost of goods sold of $9500000 for the year. The average inventory for the year amounted to $2375000. The inventory turnover for the year is
Blossom Company had net credit sales of $9025000 and cost of goods sold of $5451000 for the year. The average inventory for the year amounted to $1488000. The average days in inventory during the year was approximately
Ayayai Corp. had net income of $1611000 and paid dividends to common stockholders of $402750 in 2022. The weighted average number of shares outstanding in 2022 was 547740 shares. Ayayai Corp. common stock is selling for $60 per share on the NASDAQ. Ayayai Corp. price-earnings ratio is
Answers
The inventory turnover for the year is 5.49 times.
The inventory turnover is a financial ratio that shows how many times a company's inventory is sold and replaced over a certain time period. The ratio is calculated by dividing the cost of goods sold by the average inventory balance for a specific period of time. An inventory turnover ratio of 5.49 times means that the company sold and replaced its inventory 5.49 times during the year. A high inventory turnover ratio indicates that a company is selling its inventory quickly, which is a good sign for investors. A low inventory turnover ratio may indicate that a company is struggling to sell its products or has too much inventory on hand.
In this case, the Blossom Company had net credit sales of $13,016,000 and cost of goods sold of $9,500,000 for the year. The average inventory for the year amounted to $2,375,000. Therefore, the inventory turnover for the year is 5.49 times ($9,500,000/$2,375,000).
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Related Questions
which of michael porter's generic strategies did the alliance primarily pursue to tackle the new realities of the market? multiple choice overall cost leadership differentiation breakaway positioning consolidation focus
Answers
The alliance primarily pursued leadership differentiation to tackle the new realities of the market. Option b is the correct choice.
Leadership differentiation strategy focuses on creating a unique and superior position in the market through innovative products, exceptional customer service, and brand reputation. This strategy allows the alliance to differentiate itself from competitors and establish a strong market presence.
In the face of changing market dynamics, the alliance recognized the need to stand out and offer distinctive value propositions to customers. By emphasizing leadership differentiation, they aimed to attract customers who value unique offerings and build a sustainable competitive advantage in the market. Option b is the correct choice.
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--The complete question is, Which of michael porter's generic strategies did the alliance primarily pursue to tackle the new realities of the market? multiple choice
a. overall cost
b. leadership differentiation
c. breakaway positioning
d. consolidation focus--
An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?
A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account
Answers
Answer: Income Account
Explanation:
Also referred and Income Statement.
Answer:
Income summary account
Explanation:
you hurt your back at work by falling of a ladder and are out of work for a month
Answers
Answer:
Uh, of course I'm not at work! I brutally broke my back. Ouch.
Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
A. No, there is not an error.
B. Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
C. Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
D. Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
Answers
Answer:
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Or
No, there is not an error.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it, is the statement that has the error. Hence, option C is correct.
What is insurance policy?An insurance policy is a contract between the insurance establishment and the individual, business, or other entity being covered. You may ensure that your policy meets your statuses and that you and the insurance company are both aware of your trustworthinesses in the case of a loss by cautiously reviewing your policy.
Every insurance policy is divided into five sections: declarations, insuring agreements, definitions, situations, and conditions. A popular sixth section of policy is indorsements. Refer to these slices as you review the policies.
But most financial experts suggest that everyone purchase life, health, auto, and long-term disability insurance.
Thus, option C is correct.
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what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
Incorrect?
a. If a workplace is riskier, then the workers may demand lower salaries to work there.
b. The fundamental objective of risk management is to minimize the cost of risk.
c. All the answers are correct.
d. Cost of internal risk reduction could be due to diversification efforts and investing in information at workplace.
e. The cost of loss control for potential fire damage to a firm's warehouses would include the cost of damage to goods in the building.
Answers
Option a is incorrect. a. A workplace that is more dangerous may have lower pay demands from the employees. In general, if a job is riskier, the employee may seek a higher salary in order to be compensated for the greater risk they are incurring.
It is untrue to say in clause (a) that if a workplace is risky, employees could demand lower pay to work there. In general, if a job is riskier, the employee may seek a higher salary in order to be compensated for the greater risk they are incurring. It is true that "The primary goal of risk management is to reduce the cost of risk" (b). Risk management is to identify and evaluate possible risks before putting solutions into place to lessen their effects and lower their total cost. It is also accurate to remark that "Cost of internal risk reduction might be attributable to diversification efforts and investing in knowledge at the workplace" (d). By fostering a deeper knowledge, diversification and information investment can help lower internal risks.
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In
, people invest money in a company in exchange for the company’s
.
Answers
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
sheldon has a $15,000 liability for a machine that has an interest rate of 10%. the interest expense is:
Answers
Answer:
1500
Explanation:
15000 x .10 = 1500
the greater the dash the easier the object will move
Answers
Answer:
correct. its true and I absolutely agree with you. good job
Explanation:
Bc y=2x-1^3 is the equation
6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answers
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
Use this with "kind."
True
False
Answers
Answer:
??? what do you mean? please be more elaborate
Sydney purchases a newly issued, two-year government bond with a principal amount of $10,000 and a coupon rate of 6% paid annually. One year before the bonds matures (and after receiving the coupon payment for the first year), Sydney sells the bond in the bond market. What price (rounded to the nearest dollar) will Sydney receive for his bond if newly issued one-year government bonds are paying a 5% coupon rat
Answers
Answer: $10095
Explanation:
First, we'll calculate the present value which will be:
= 600/(1+5%) + 600/(1+5%)² + 10000/(1+5%)²
= 600/(1+0.05) + 600/(1+0.05)² + 10000/(1+0.05)²
= 600/(1.05) + 600/1.1025 + 10000/1.1025
= 571.43 + 544.22 + 9070.30
= 10185.95
Then, we'll deduct the first coupon gotten. Thai will be:
= 10185.95 - 571.43
= 9614.52
Then, the price that Sydney will receive for his bond if newly issued will be:
= $9614.52 × (1+5%)
= $9614.52 × 1.05
= $10095
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
what is one major advantage of creating a division of labor?
Answers
Division of Labor's Benefits Many of the benefits of dividing labor in the workplace are self-evident. Saving time is one of them. Assigning tasks to each employee that are best suited to her abilities. Productivity is rising. For the tasks at hand, you only need one set of tools rather than many.
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what is a primary metric for social media companies?
Answers
Engagement, impressions and reach, voice and share of voice, referrals and conversions, response rate and time are the most prevalent and frequently significant metrics to consider. You will have a 360-degree view of your social media marketing performance when these are combined.
One of the most important metrics most businesses track is conversion rates because they show you how much money your social media marketing is making. Your page's conversion rate is calculated by dividing the total number of visitors by the number of people who complete an action on your page. The most crucial social metric of all is engagement.
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TRUE / FALSE. Since the beginning of 2022, the return on the stock market decreased and volatility increased. All investors' utilities are worse off as a result. (Please use the indifference curve to illustrate.)
Answers
The given statement "Since the beginning of 2022, the return on the stock market decreased and volatility increased. All investors' utilities are worse off as a result. " is false.
Using the indifference curve to illustrate, we can see that the statement "All investors' utilities are worse off as a result" is not necessarily true. The indifference curve represents different combinations of risk and return that provide the same level of utility for an investor.
Given that the return on the stock market has decreased and volatility has increased, we can infer that the risk has increased. However, individual investors have different risk preferences, and their utility is determined by their personal risk-return tradeoff.
Some investors may be risk-averse and prefer lower levels of risk, valuing stability over higher returns. For these investors, the decrease in stock market returns and increased volatility may indeed result in a worse-off utility.
On the other hand, other investors may be more risk-tolerant and seek higher returns despite increased volatility. For these investors, the decrease in stock market returns may be a negative factor, but the increased volatility could provide opportunities for higher returns or market timing strategies that align with their risk preferences. Therefore, their utility may not necessarily be worse off.
Overall, the impact on investors' utilities due to the decrease in stock market returns and increased volatility will depend on their individual risk preferences, investment strategies, and utility functions. Therefore, the statement that all investors' utilities are worse off cannot be universally true and requires a case-by-case analysis.
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Written evidence of the ownership of a piece of property
a
b
Non-verbal contract
Loan Sharking
Deed
c
d
Sublet
Answers
Answer:
Deed
Explanation:
A deed, when duly signed, is a written legal document that confers some property rights to the holder. A signed deed facilitates the transfer of property ownership to the new owner. The deed is written evidence that the signed holder has an interest or right to the property stated in the deed document.
The deed has to be entered into the public records; otherwise, ownership of the property will be vulnerable.
Which departments should be involved in creating content?.
Answers
Creating content is a crucial aspect of any organization's marketing strategy. It requires the involvement of multiple departments within the organization.
These departments should include marketing, sales, customer service, and product development. Marketing Department The marketing department's primary role is to research and analyze the market, identify target audiences, and develop marketing campaigns.
As a result, they are responsible for creating content that is aligned with the organization's marketing goals. They have a deep understanding of the target audience, which is essential for creating content that resonates with them. Sales Department The sales department works closely with the marketing department to understand the customers' pain points, needs, and wants. They are the ones who interact with customers directly and have a deep understanding of their needs.
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In the graph, what information is determined by looking at the intersection of the supply and demand curves?
A.) The relative efficiency of production
B.) amount supplied at a specific price
C.) increase in demand
D.) equilibrium price
USA TEST PREP
Answers
Answer: D.) equilibrium price
Explanation:
The Supply curve shows the different combinations of prices and quantities of goods that Suppliers are willing to offer while the Demand curve shows the combination of goods and the prices the consumers can buy at.
When these two curves intersect as is the case in the graph, they give an equilibrium price which is the price that suppliers are willing to sell their goods at and consumers are willing to buy t.
ustin is hired as a manager at a paper company. on his first day, he is invited to a planning meeting. this meeting will involve forecasting events and determining the best course of action from a set of options or choices.
Answers
It is true to say that Justin, as the new manager, must attend a planning meeting to develop the strategic course of action.
What makes a good manager?This professional occupies a leadership position that is totally relevant to the success of the business. Through his actions and attitudes, the leader is able to help and motivate his team to be more productive and effective. The manager is responsible for defining the planning and course of action that will lead the company to achieve its objectives and goals.
Therefore, the manager must participate in the development of a company's course of action, as well as have the direction and communication skills to manage a company.
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The characteristic of successful supervisors that involves listening to what employees have to say is known as
Answers
- hope this helps!
preventive measure of sheep and goat
Answers
Answer:
The clostridial vaccines are the only ones that can be recommended on a blanket basis for almost all sheep and goats. All other vaccination programs need to be developed specific to a herd/flock. Sheep and goats should be vaccinated for Clostridium perfringens Types C and D and tetanus (CD&T) at appropriate times.
Explanation:
also known as books of financial entry
Answers
Answer:
A daybook is a descriptive and chronological (diary-like) record of day-to-day financial transactions; it is also called a book of original entry. The daybook's details must be transcribed formally into journals to enable posting to ledgers.
Explanation:
Hope it helps
A jewelry shop specializes in creating gold and silver charms. The shop has five metalsmiths who work on the charms. One week, the shop's production possibilities curve shifts inward. What could explain this shift?.
Answers
A jewelry shop that focuses on growing gold and silver charms. the shop has five metalsmiths who paint on the charms. One week, the shop's manufacturing possibilities curve shifts inward. A Production opportunities curve or production possibilities.
Production is the process of mixing various material inputs and immaterial inputs (plans, understanding) with a view to making something for intake (output). it is the act of making an output, a good or provider which has a fee and contributes to the software of individuals.
Manufacturing is the method of combining various cloth inputs and immaterial inputs (plans, know-how) so that it will make something for consumption (output). it is the act of creating output, an awesome service that has value and contributes to the utility of people.
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Answer:
(D) Two of the shop's metalsmiths become ill and are unable to come in to work.
(I also took the test and got it right.)
Explanation:
When a curve shifts inward, this indicates that both the equilibrium price and quantity are both decreasing. Therefore, the fact that two of the workers are ill and unable to produce enough product could result in that curve shifting inward or decreasing the supply.
‘Rasina Industry ‘ is in crisis due to the Corona pandemic. It needs a professional specialists for its planning . To do this job it appointed Mr. Rudramani Rana. The company asked him to do planning at the earliest. But Mr. rana said that planning is not any guess work, which may be immediately completed. Rather, it is a logical and systematic –thinking . In other words, planning is something orderly and is based on facts and forecast. Mr. Rana took full time for time for planning and succeeded in doing a better planning.
Identify the feature of planning in the event described above.
a) Planning is continuous b) Planning is futuristic
c) Planning involves decision making d) Planning is mental exercise
Answers
Answer:
D. Planning is a mental exercise
Explanation:
Planning involves a lot of logical and systematic thinking which requires us to apply our brain and forward thinking ability to solve the problems that involves exercising our brain to finding solutions. Hence, we can say Planning is a mental exercise that uses logical
The activities of the federal reserve board have the most direct influence on.
Answers
Answer:
The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.)
Technology allows firms to listen to customers' wants, track their purchases, provide them with better service, and give them more access to information.
Answers
Answer:
This is true
Explanation:
With the recent development in modern communication technologies, communication with customers is is now very easy and yet very sophisticated. The advent of modern day communication in business like the internet and online shopping had now made it possible for a customer to communicate their wants easily to the seller and also make purchase, track their purchase and easily access more information about their seller and their purchase all from the comfort of their homes.
In tax year 2020, a married taxpayer with AGI of $300,000 had gross investment income of $6,150 (which included a long-term capital gain of $3,500 and interest income of $2,650), brokerage commissions of $75, and tax preparation fees of $210. Calculate the amount of net investment income tax the taxpayer is required to pay
Answers
The amount of net investment income tax that the taxpayer is required to pay is $231.
What is net investment income tax?Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.
Net investment income tax = ($6,150 - $75) * 3.8%
Net investment income tax = $6,050 * 3.8%
Net investment income tax = $231
In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.
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TPlus is a fictional Canadian company manufacturing training shoes. TPlus wants to reduce its production costs and thus increase its profitability. Based on these business objectives, what should the measurement criteria be between the company and a supplier of training shoe components (laces, synthetic soles and leather uppers) located in India? think of your organization or an organization with which you are familiar. Assess this organization's commitment to treating partners like customers by examining the communication plan for existing and prospective partners.
Answers
The measurement criteria between TPlus and its supplier in India should be based on the organization's commitment to treating partners like customers, which can be assessed by examining the communication plan for existing and prospective partners.
In order to reduce production costs and increase profitability, TPlus needs to establish a strong and collaborative relationship with its supplier in India. This can be achieved by treating the supplier as a valued customer and ensuring effective communication channels are in place. The communication plan should outline clear objectives, expectations, and performance indicators for the supplier. It should facilitate open and transparent communication, addressing any concerns or issues promptly. By prioritizing effective communication and treating the supplier as a valued partner, TPlus can foster a mutually beneficial relationship that supports its business objectives.
Therefore, the measurement criteria should assess the organization's commitment to treating partners like customers through the evaluation of its communication plan.
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Kim, a customer service manager, tracks monthly complaints and has been trying over the past six months to reduce complaints to less than 0. 2 percent through additional training for her staff. She is engaged in.
Answers
Controlling is done by Kim during the management for the last six months.
According to the given statement, Kim as a manager was tracking the complaints on monthly basis for the last six months. This is the reason that she was having a deep look at complaints therefore complaints have reduced to less than 0.2%.
This controlling function helps one to know the progress that has been made in achieving the organizational goals and brings any changes or deviations. It also illustrates or shows corrective action.
Controlling function management could indicate and control the upcoming in the system and reduces them by the time.
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