last year, fullerton enterprises had average inventories (raw materials, work-in-process, and finished goods) of $7.5 million. during this same year, the cost of goods sold was $30 million. the company operates 50 weeks per year. what is their inventory turnover? turns (enter your response rounded to two decimal places.)

Answers

Answer 1

The $30 million cost of products sold. The business is open 50 weeks a year. The turnover of their inventory is 12.50.

What does the term "turnover" mean?

Accounting's idea of turnover demonstrates how quickly a corporation does business. The bills receivable and inventories ratios are the two most used approaches to determining an industry's turnover. The amount of a portfolio sold in a particular month or year is known as turnover in the investment world.

How is turnover rate determined?

The quantity of terminations within a given period is divided by the initial employee count to determine the turnover rate. If we have 250 people at the beginning of the year and 10 of them leave their jobs during that time, our turnover rate is 10/200, or 0.05.

Briefing:

Inventory turnover rate = cost of items sold / ( average inventory )

=(30)/(7.5)

=4.00

Weeks on hand = (week of operation)/ (inventory turnover rate)

=(50) / (4)

=12.50

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Related Questions

Compile a job advertisement for a receptionist vacancy:name of the business and title of the job advertisement.

Answers

Answer:

Receptionist (Full-time).

Explanation:

KhanyaChantell Engineering Plc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

We are recruiting to fill the job position below;

Job Title: Receptionist.

Location: Nevada.

Job ID: 011234

Employment Type: Full-time.

Salary: $1,200 per month.

Minimum Requirements:

High School diploma, GED, or equivalent preferred.Minimum of 3 years experience.Proficiency in English Language (oral and written).Excellent knowledge of MS-Office.

Application Closing Date:

30th of November, 2020.

How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 011234) to Khanyachantellatkci.com.

An example of a job advertisement for a receptionist is given below:

Topmost Enterprises is looking for a qualified person to fill the role of a RECEPTIONIST.

The ideal candidate should have the following qualities:

Computer literateGood communication skills.The person should have good telephone etiquette

The salary offered is competitive and commensurate with the experience and the qualification of the person.

Interested applicants should forward their email to ....

Deadline: 30th October, 2021.

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a recent high school graduate is searching for his first job. he turns down a job at a factory, hoping for better- paying work. what kind of unemployment is he experiencing?

Answers

The recent high school graduate is experiencing voluntary unemployment

The recent high school graduate is experiencing voluntary unemployment because he has made a conscious decision not to accept the job offer at the factory. Voluntary unemployment occurs when an individual chooses not to accept a job offer, either because they prefer not to work or because they cannot find work that meets their expectations or preferences.

This type of unemployment is different from involuntary unemployment, which occurs when individuals lose their jobs due to economic conditions or other factors beyond their control. In the case of voluntary unemployment, the individual may be waiting for a better job opportunity or may have other reasons for not accepting the job offer, such as low pay or unfavorable working conditions.

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Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to be socially responsible. be environmentally responsible. differentiate their product. be perceived more favorably.

Answers

YES, BECAUSE WHETHER A BUSINESS DECIDES TO PROVIDE A POSITIVE LANDMARK STAMP ON THEIR PRODUCTS AND / OR SERVICES IS THEIR DECISION.

THE ONES THAT DECIDE TO MAKE THE DIFFERENCE ARE OFTEN REMARKABLE FROM THE COMPETITION, THIS OTHER ECONOMIC GROUP THAT DID NOT HAD THE INITIATIVE TO INNOVATE FOR A BETTER EXPERIENCE.

There are many differences between a market served by a monopoly and a market that is perfectly competitive. Sort the items according to whether they are associated with a single-price monopoly or perfect competition.
-the price is higher than in other market structures
-firms can earn positive economic profit in the long run
-there are significant barriers to entry
-an efficient quantity is produced
-firms have no market power

Answers

Single-price monopoly:
- The price is higher than in other market structures
- Firms can earn positive economic profit in the long run
- There are significant barriers to entry

Perfect competition:
- An efficient quantity is produced
- Firms have no market power

In a single-price monopoly, the firm has significant market power and can set higher prices, leading to positive economic profits in the long run. There are also barriers to entry that protect the monopoly from competition. In perfect competition, firms have no market power and produce an efficient quantity, resulting in no long-term economic profits.

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Ramesh’s kitchen was a very successful restaurant until it was widely rumored that bugs infested the rice that it serves. Ramesh’s kitchen's popularity has been victimized by a?

Answers

Ramesh’s kitchen was a very successful restaurant until it was widely rumored that bugs infested the rice that it serves. Ramesh’s kitchen's popularity has been victimized by a false rumor.

Option E. false rumor.

PR is usually focused on supporting a business from a marketing perspective. PR campaigns focus on generating goodwill for a company and increasing awareness of its products and services. Public relations, on the other hand, is a more political industry, focused on influencing politics.

A victimized is someone who has done something wrong, such as a victim of murder or robbery. Sacrifice means putting someone in a position. Serial killers bully the people they kill. Scammers are cheating people out of their money by bullying them.

Disclaimer: The question was incomplete. Please find the full content below.

Question: Ramesh’s Kitchen was a very successful restaurant until it was widely rumored that bugs infested the rice that it serves. Ramesh’s Kitchen's popularity has been victimized by a _____.

a.competitive rumor

b.conspiracy rumor

c.reactive rumor

d.contamination rumor

e.false rumor

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3.08 Free trade and Barriers
Pls help I just have until today

3.08 Free trade and Barriers Pls help I just have until today

Answers

While free trade has its advantages, it is important to consider the potential negative effects and to find ways to address them without resorting to trade barriers. Governments must find a balance between promoting free trade and protecting their citizens from harm.

Free trade refers to the international exchange of goods and services without any restrictions or barriers. The aim of free trade is to promote economic growth, create more jobs, and increase competition among businesses. It allows countries to specialize in producing goods and services that they have a comparative advantage in, thereby leading to greater efficiency and productivity. Free trade is also seen as a way to reduce poverty and increase living standards by providing access to cheaper goods.

However, there are also arguments against free trade, particularly from those who believe it can lead to the exploitation of workers, environmental degradation, and a loss of sovereignty. Some people argue that free trade can lead to a "race to the bottom" where countries compete to offer the lowest wages and poorest working conditions in order to attract investment.

To address these concerns, governments may introduce trade barriers such as tariffs, quotas, and subsidies. These barriers restrict the flow of goods and services between countries and protect domestic industries from foreign competition. While trade barriers may provide short-term benefits to certain industries, they can also lead to higher prices for consumers, reduced competition, and a lack of innovation.

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When the economy is growing and people are optimistic, the economy is in a period of

Supply-Demand Equality

Inflation

Recession

Recovery

Answers

Answer:

serch the web

Explanation:

When the economy is growing and people are optimistic, the economy is in a period of Supply-Demand Equality. Thus, option A is correct.

What is the supply-Demand Equality?

The supply-Demand Equality is the equilibrium price, It is the point at which supply equals demand. The market price for a particular commodity guarantees that the amount provided equals the quantity requested at the equilibrium point.

The economy is in a time of Supply-Demand Equality when it is rising and people are hopeful. An equilibrium price is the result of balancing demand and supply.

Prices have a tendency to revert to this equilibrium until certain aspects of demand or supply alter. When either demand or supply, or both, shifts or moves, the equilibrium price changes.

Therefore, option A is correct.

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Analyse why the social benefit of education exceed the private benefit

Answers

Answer:

dddddddddddd

Explanation:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs

Every financial decision has a trade-off, also known as a(n):

A. deciding factor.
B. opportunity cost.
C. financial plan.
D. planned option

Answers

Every financial decision has a trade-off, also known as an opportunity cost.

An opportunity cost refers to the value of the next best alternative that is forgone or sacrificed when making a decision. Whenever a financial decision is made, resources such as time, money, or effort are allocated to a particular option, and as a result, other alternatives must be given up.

The concept of opportunity cost recognizes that resources are limited, and choosing one option means sacrificing the benefits or opportunities that could have been gained from choosing another option. It is the cost of forgoing the next best alternative.

Understanding opportunity cost is crucial in financial decision-making as it helps individuals and businesses evaluate the potential benefits and drawbacks of different options and make more informed choices.

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I need Short Term, Med Term, and Long Term goals for a sports cleat business

Answers

Answer:

Short term: Try and sell the one pair of cleats that are used.

Med term: Try and sell Two pairs for a lower price like two pairs for $40

Long term: Try and sell all the cleats before you have to leave the store.

Explanation:

I like goals!

All of the following would be potential benefits to US firms sourcing materials from vendors or suppliers in Latin America, except for:
A) Cost attractiveness (lower labor and operating expenses).
B) Cultural similarities (they share similar business cultures).
C) Quality of the labor force.
D) Time and geographic proximity (no or minimal time zone disparities).
E) There are no potential benefits to sourcing from Latin America versus doing so domestically within the United States.

Answers

The answer is E - There are no potential benefits to sourcing from Latin America versus doing so domestically within the United States.

The other options all represent potential benefits to US firms sourcing materials from vendors or suppliers in Latin America. Cost attractiveness refers to the lower labor and operating expenses in the region, while cultural similarities, quality of the labor force, and time and geographic proximity are all advantages that can make sourcing from Latin America a more attractive option for US firms.
A) Cost attractiveness (lower labor and operating expenses).
B) Cultural similarities (they share similar business cultures).
C) Quality of the labor force.
D) Time and geographic proximity (no or minimal time zone disparities).

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Transporting goods by ship is a low-cost mode of transportation can carry a
wide variety of goods but is very slow. Which of the following would be the
best situation to transport the goods to transport by ship?
OA. A T-shirt going from a retailer in California to a consumer in Texas
who wants overnight delivery
B. A batch of T-shirts going from a producer in Montana to a retailer
in Illinois who won't be stocking the merchandise on shelves for
another two months
C. A batch of T-shirts going from a producer in China to a retailer in
California who needs to stock the merchandise on shelves next
week
D. A batch of T-shirts going from a producer in China to a retailer in
California who won't be stocking the merchandise on shelves for
another two months

Answers

Answer:

D.

Explanation:

Only one that makes sense

Question 6(Multiple Choice Worth 4 points)
(02.08 LC)
Which type of professional would help the government determine where to set the price of oranges for U.S. markets?
O Consumers
O Economists
O Exporters
Importers

Answers

Answer:

Explanation:

Economists

why is freshness of ingredients important in salad preparation​

Answers

it’s important because it gets you to be a skinny legend and you need greens to survive.
When preparing salads with fresh ingredients, your food can retain a lot more nutrients and vitamins compared to processed foods.

The fresher the ingredients of the salad the better and more authentic the taste of the ingredients. This is because fresh ingredients provide the most flavour compared to ingredients contained with preservatives.

Fresh ingredients are also better for your health. Because there aren’t any preservatives and extra chemicals and oils, it fulfills the purpose of the salad.

Although fresh ingredients may not be cheap to buy, in the long run it will be better for you body because it won’t be filled with processed foods. Instead it will be filled with fresh ingredients that are beneficial to your health.

_____looks at the economic behavior of individual people and organizations in specific markets.

Answers

Microeconomics looks at the economic behavior of individual people and organizations in specific markets.

What is microeconomics?

The social science of microeconomics examines the effects of incentives and choices, particularly how they affect the allocation and use of resources. Microeconomics is a branch of classical economics that studies how individuals and organizations behave and interact while selecting how to allocate scarce resources. It is the study of resource allocation and usage decisions made by people and businesses. According to microeconomic theory, markets reach equilibrium when the supply of products balances the demand.

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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)

Answers

The correct answer to this open question is the following.

Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.

That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.

Answer:

I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.

I could make the change by

Budgeting in October:

food from spending -$70 back to -$60

cut clothes off since I bought some already from -$40 to $0

budget my discretionary spending from -$60 back to -$40

This would increase my savings to $230

What is the organizational structure for an supermarket?

Answers

Answer:

An array of repeat customers grouped in various local areas, A chain of retail stores, various transportation systems,  A set of warehouse distribution centers, and An array of product suppliers under contract.

Explanation: In carrying out its function, a supermarket business acquires and assembles a wide assortment of goods from individual suppliers, then organizes and distributes them as-needed to a chain of retail stores for sale to local customers.

A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future. True False

Answers

The statement that "A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future" is true.

A forward exchange market contract obligates the owner to make a trade at a specified exchange rate a fixed number of days in the future. This is true. A forward exchange market contract is an agreement between two parties to exchange one currency for another at a future date at a fixed exchange rate determined today. It is a financial contract that locks in a specific exchange rate for the exchange of currencies at a future date and is utilized to hedge against the risk of currency fluctuations between the current date and the future date of the transaction.

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monetary policy is defined as the: group of answer choices change of the tax code to achieve economic changes. adjustment of interest rates to influence economic conditions. change in government spending to change economic conditions. implementation of ceilings on the federal funds rate in the economy.

Answers

Monetary policy is defined as the adjustment of interest rates to influence economic conditions. The correct option is  B) adjustment of interest rates to influence economic conditions.

Central banks, such as the Federal Reserve in the United States, use monetary policy as a tool to maintain economic stability and achieve specific objectives like controlling inflation and promoting economic growth.

Monetary policy primarily involves altering the supply of money in the economy and influencing the cost and availability of credit. By adjusting interest rates, central banks can encourage or discourage borrowing, spending, and investment.

For example, if a central bank lowers interest rates, it becomes cheaper to borrow money, which can stimulate spending and investment. Conversely, raising interest rates can reduce borrowing and spending, helping to control inflation.

It is important to note that monetary policy is distinct from fiscal policy, which involves the change of the tax code to achieve economic changes or the change in government spending to change economic conditions. Fiscal policy is typically implemented by governments, not central banks, and can influence the economy through taxes, government spending, and transfer payments.

In summary, monetary policy refers to the adjustment of interest rates by central banks to influence economic conditions and maintain stability. It is a critical tool for managing inflation, promoting growth, and maintaining a stable financial environment. Therefore The correct option is  B) adjustment of interest rates to influence economic conditions.

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complete question

content loaded

monetary policy is defined as the: group of answer choices A) change of the tax code to achieve economic changes. B) adjustment of interest rates to influence economic conditions. C) change in government spending to change economic conditions. D) implementation of ceilings on the federal funds rate in the economy.

As the technology manager for your firm, you have been tasked with identifying options for cloud-based software and hardware that will be hosted by an external vendor. In addition, the firm wants control over the operating system, underlying applications, and some of the software packages. Based on these specifications, you will be evaluating _____.

Answers

Based on making specifications, on identifying options for cloud-based software and hardware, you will be evaluating Cloud computing.

What is Cloud computing?

Cloud computing serves as the process involving delivering of hosted services over the internet.

Therefore, Cloud computing involves making different services through the Internets, such as data storage.

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Future value with periodic rates Man Johnsos delivers newspapers and is puting away $30 at the end of each quarter from his paper route collections Matt is 11 years old and will use the money when the goes to colege in 7 years. What will be the value of Mat's account in 7 years with his quarterly payments if he is eaning 6.5% (APR), 10.5% (APR) or 13% (APRI). What will be the value of Matrs account in 7 years with his quarterly payments if he is eaming 6.5% (APRY)?

Answers

The value of Matt's account in 7 years with quarterly payments will be $327.83 at a 6.5% APR, $386.82 at a 10.5% APR, and $416.29 at a 13% APR.

To calculate the future value of Matt's account with quarterly payments, we can use the formula for the future value of an ordinary annuity:

Future Value = P * [(1 + r/n)^(n*t) - 1] / (r/n)

P = Payment amount per period

r = Annual interest rate (in decimal form)

n = Number of compounding periods per year

t = Number of years

Given that Matt makes quarterly payments of $30, we can substitute the values into the formula:

For 6.5% APR:

P = $30

r = 6.5% = 0.065 (APR)

n = 4 (quarterly compounding)

t = 7 years

Future Value = $30 * [(1 + 0.065/4)^(4*7) - 1] / (0.065/4)

Future Value = $327.83

For 10.5% APR:

P = $30

r = 10.5% = 0.105 (APR)

n = 4 (quarterly compounding)

t = 7 years

Future Value = $30 * [(1 + 0.105/4)^(4*7) - 1] / (0.105/4)

Future Value = $386.82

For 13% APR:

P = $30

r = 13% = 0.13 (APR)

n = 4 (quarterly compounding)

t = 7 years

Future Value = $30 * [(1 + 0.13/4)^(4*7) - 1] / (0.13/4)

Future Value = $416.29

Therefore, the value of Matt's account in 7 years with quarterly payments will be $327.83 at a 6.5% APR, $386.82 at a 10.5% APR, and $416.29 at a 13% APR.


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A company in an industry where there is little pressure for efficiency and where variations in country markets is significant would choose a ________ international strategya. globalb. transnationalc. centralized single countryd. Multidomesticd. Multidomestic

Answers

A company in an industry with little efficiency pressure and where there are significant differences between country markets would opt for a global international strategy.

The phrase global strategy refers to three different categories: global, multinational, and international strategies. In essence, these three tactics help an organisation accomplish its goal of global expansion. It is helpful to distinguish between three types of worldwide expansion that result from a company's resources, capabilities, and current international position while formulating "global strategy." The company's strategies outside of its native markets can be viewed as international if it is still primarily focused on those markets. A dairy business might, for instance, sell some of its extra milk and cheese supplies outside of its home nation. But the domestic market continues to be its primary strategic focus.

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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.

Answers

Answer:

Expansionary monetary policies

Explanation:

A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.

In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.

what is the clause that describes the method of paying the death benefit in the event that the insured and beneficiary are both killed in the same accident?

Answers

The clause is called "Common Disaster Clause."

The "Common Disaster Clause" is a provision commonly found in life insurance policies that outlines the method of paying the death benefit in case both the insured and the beneficiary die in the same accident or event.

It typically states that if the insured and beneficiary are both killed in a common disaster, such as a car crash or a natural disaster, the death benefit will be paid to the contingent beneficiary or to the estate of the insured if there is no contingent beneficiary named.

This clause helps ensure that the death benefit is distributed according to the intentions of the insured even if the insured and beneficiary die simultaneously, preventing any ambiguities or uncertainties in the event of such tragic circumstances.

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which of the following would an economist classify as capital? A) a $100 traveler’s check B) a new deposit of natural gas C) a government savings bond D) a police car

Answers

Answer:A

Explanation:

PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP

PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP

Answers

Answer:

1. Classical Economics

2. Keynesian Economics

3. Demand-Side Economics

4. Supply-Side Economics

Explanation:

In American Society, which of these is an example of a want?
O food
O shoes
O video games
O utility bills

Answers

Answer:

c

Explanation:

video games just didthe test

Define careere pleaseeeeeeeeee​

Answers

Answer:

a profession or occupation chosen by one's life work.

Having or following a career as specific career diplomat.

Explanation:

Hope this helps.. ;)

FYI I did research and I didn't copied and pasted..

Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.

Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....

Hope this helps... Stay safe and have a great Thanksgiving!!! :D

Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?

Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.

Assume the economy is operating at P1Y2.Which of the following would cause a shift to bring the economy

Answers

The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.

What is employment?

Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.

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____________ packaging is for shipping purposes, while _____________ packaging carries legal and labeling information.

Answers

Tertiary packaging is for shipping purposes, while secondary packaging carries legal and labeling information.

What is packaging?

Packaging is defined as the science, technology and art of enveloping or protecting commodities for storage, distribution, use, and sale. Packaging also means the activity of evaluating, designing and making packages.

Types of packaging:

There are three types of packaging:

Primary PackagingSecondary PackagingTertiary packaging.

Primary packaging is the packaging of the internal products, Secondary packaging contains legal and labeling information, whereas tertiary packaging is used for shipment.

Therefore, packaging is important for the product to make it safe.

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