Makers Corp. has sales of $5,900, costs of goods sold of $4,130, inventory of $875, and accounts receivable of $550. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? 84.69 days 115.52 days 143.15 days 77.33 days 118.08 days
Answers
To calculate the average number of days it takes for a firm to sell its inventory, we can use the Days Sales of Inventory (DSI) ratio. The DSI ratio is calculated as: DSI = (Inventory / Cost of Goods Sold) * Number of days in the period
In this case, we have the following information:
Sales = $5,900
Cost of Goods Sold = $4,130
Inventory = $875
First, we need to calculate the Cost of Goods Sold (COGS) using the formula:
COGS = Sales - Gross Profit
Gross Profit = Sales - Cost of Goods Sold
Gross Profit = $5,900 - $4,130 = $1,770
COGS = $5,900 - $1,770 = $4,130
Now we can calculate the DSI using the formula:
DSI = (Inventory / COGS) * Number of days in the period
DSI = ($875 / $4,130) * 365
DSI ≈ 77.33 days
Therefore, it takes Makers Corp. approximately 77.33 days, on average, to sell its inventory assuming that all sales are on credit. The closest option to this answer is 77.33 days.
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Related Questions
which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
Answers
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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How many nickels make 30 cents?.
Answers
A nickel coin is equal to 5 cents. To make 30 cents, we need 6 nickels.
The nickel is the five-cent coin of the United States. Thomas Jefferson, our third president, is depicted on the obverse (heads) of the nickel. Although the current portrait is from 2006, he has been on the cent since 1938.
The United States Mint added a new portrait of Jefferson to the front of the nickel in 2005 to give the currency a more modern appearance. Joe Fitzgerald created the image. The Mint had designed two possible reverse sides of the coin, each with a distinct motif based on "a Westward Journey." One design portrayed the American bison, while the other depicted the Pacific Ocean, the expedition's ultimate aim.
A nickel = 5 cents.
It means that:
2 nickels = 2 x 5 cents = 10 cents
3 nickels = 3 x 5 cents = 15 cents
Therefore, to get 30 cents, we need: 30/5 = 6 nickels.
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what is a customer retention?
Answers
Answer:
Customer retention refers to a company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. As a performance metric, it indicates whether your product and the quality of your service please your existing customers.
Explanation:
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Should spreadsheets be used to maintain a checkbook?.
Answers
The above statement is correct because it maintains all the data collected and permits seeing the movement and growth of the data by automatically creating different types of charts to visualize the data.
What are spreadsheets?A spreadsheet is defined as an electronic record in which data is placed in the rows and columns of a facility and can be exploited and abused in arithmetic or calculations.
The above statement is correct that the spreadsheets be used to maintain a checkbook because it keeps the data organized and allows seeing the trends of the data by creating automatically the different types of the data.
Therefore, the above statement is true.
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Chrome,Edge,Safari,and Firefox are all
Answers
Answer:
Web-browsers
Explanation:
Answer:
Search engines
Explanation:
Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Profits (E&P) is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is (A). $31,000 (B). $25,000 (C). $10,000 (D). $4,000
Answers
Answer:
(D) $4,000
Explanation:
Initial amount distributed is $31,000
Earnings and Profit (E & P) $25,000
Therefore, Distribution in excess of earnings and Profit would be;
= Initial amount distributed - Earnings and Profit
=$31,000 - $25,000
=$6,000
Sally basis in her Dixie stock after the distribution would be ;
= Basis - Excess distribution
=$10,000 - $6,000
=$4,000
Investing in a fund is more [Select]
the purpose of a fund is to [Select]
your
money across different investments, where with a single
stock or bond your [Select]
is entirely based
on the performance of that one
[Select]
V
Answers
Investing in a fund is more diversified, the purpose of a fund is to diversify your money across different investments, where with a single stock or bond your risk is entirely based on the performance of that one investment.
What is an investment?An asset or thing is considered an investment if it is bought with the hope that it will bring in money or increase in value over time. Increased wealth or a return on investment, whether in the form of income, capital gains, or both, is the ultimate goal of every investment. Stocks, bonds, mutual funds, real estate, and commodities are some common investment types.
An individual's financial objectives, risk tolerance, and available resources are often taken into account when deciding whether to invest.
A fund's goal is to spread your money over a variety of investments, whereas with a single stock or bond, your risk is totally dependent on the success of that one investment. This makes investing in a fund more diversified.
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Union leaders at the Atlantic Corporation are furious. Although the union is certified by the NLRB, its negotiating team has had little success in getting management to meet with them to work on a new labor contract. In fact, during the last three months, the management team has agreed to meet only twice, once on a weekend, and the other time after 8:00 p.m. Even during those two meetings, the management team was unwilling to offer serious proposals. Atlantic’s management team should review the legal rights of union members to participate in collective bargaining, as provided under the
Multiple Choice
Taft-Harley Act.
Norris LaGuardia Act.
Wagner Act.
Landrum-Griffin Act.
Answers
Based on the situation described, Atlantic Corporation's management team should review the legal rights of union members to participate in collective bargaining, as provided under the Wagner Act.
The Wagner Act, also known as the National Labor Relations Act (NLRA), was enacted in 1935 and is a fundamental labor law in the United States. It guarantees employees' rights to organize, form, and join labor unions and engage in collective bargaining with their employers.
The act aims to protect workers' rights to collectively negotiate the terms and conditions of their employment, including wages, working hours, and other employment benefits. It also prohibits employers from interfering, restraining, or coercing employees in the exercise of these rights.
Under the Wagner Act, employers are required to engage in good faith bargaining with the certified union and meet at reasonable times to negotiate a labor contract. Failing to do so could be considered an unfair labor practice.
In the given scenario, where the management team has been reluctant to meet with the union negotiating team and has not made serious proposals, it may be necessary for the union to file a complaint with the National Labor Relations Board (NLRB) to address the unfair labor practices.
It is important for both the management team and the union to understand and abide by the rights and obligations provided under the Wagner Act to foster a fair and constructive bargaining process.
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The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy. Combination Guns Butter A 0 8 B 20 6 C 60 4 D 80 2 E 100 0
Answers
The Respective solution are
First butter has an opportunity cost of 8 guns.The entire potential cost of one butter is eight firearms.4 units of butter have an opportunity cost of 14 guns.4Butter=44Guns's total opportunity costYes, it is possible.This is further explained below.
What is marginal opportunity cost.?Generally, The amount of extra units of one product that must be given up in exchange for an additional unit of another good is the marginal opportunity cost.
If we double the amount of butter that is produced, the number of firearms that are manufactured will drop from 44 to 36. As a result, the opportunity cost of the first butter is eight guns.
The total potential cost of one stick of butter is eight firearms
The opportunity cost of the fourth unit of butter is equal to fourteen Guns
The total potential cost of four butter is equal to forty-four guns
Yes, it is possible since, at point C, two sticks of butter and twenty-six firearms may be manufactured.
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CQ
The production possibilities curve below shows the hypothetical relationship between the production of guns (national defense) and butter (social goods) in an economy.
Combination Guns Butter
A 0 4
B 14 3
C 26 2
D 36 1
E 44 0
Instructions: Enter values as whole numbers.
a) What is the marginal opportunity cost of producing the first unit of butter?
______
units of guns
b) What is the total opportunity cost of producing the first unit of butter?
______
units of guns
c) What is the marginal opportunity cost of producing the fourth unit of butter?
________
units of guns.
d) What is the total opportunity cost of producing the fourth unit of butter?
________
units of guns.
e) Is 15 units of guns and 2 units of butter attainable or unattainable, given these production possibilities?
What is a contingency plan?
Answers
Answer:
Um plano de contingência é um tipo de plano preventivo, preditivo e reactivo.
Apresenta uma estrutura estratégica e operativa que ajudeá a controlar uma situação de emergência e a minimizar as suas consequências negativas.
O plano de contingência propõe uma série de procedimentos alternativos ao funcionamento normal de uma organização, sempre que alguma das suas funções usuais se vê prejudicada por uma contingência interna ou externa.
81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.
Answers
Answer:
E) bait and switch
Explanation:
BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.
Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.
the demand and supply of donuts is currently in equilibrium. for simplicity, we will assume there is a single type of donut available in santa barbara. what will happen to the equilibrium price of donuts and the quantity purchased per week if wages for all workers (not just those working in donut shops) rise in santa barbara? you must clearly state your answer and provide a clear explanation based on economic reasoning.
Answers
The equilibrium price will decrease and the equilibrium quantity will rise as the supply of donuts rises. Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price.
Consumers now place a higher value on goods in any quantity, and producers must charge a higher price to offer the goods; as a result, prices will rise. The market's supply of doughnuts grows as the price of doughnuts rises. While a drop in doughnut prices will result in less being produced. The supply will therefore shift from one location to another.
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assuming a country's economy maintains an 3.5% rate of growth, young adults starting at age 20 would see the economy (and average standard of living) in their country tripled by the time they had reached the age of (approximately)
Answers
Assuming a country's economy maintains an 3.5% rate of growth, young adults starting at age 20 would see the economy (and average standard of living) in their country tripled by the time they had reached the age of (approximately). 52years
Let's consider economy = 1 when the young adults were 20.
CAGR = (1+r)n-1
n= 33
R = 0.035
=(1+0.035)n-1
=1.035 33-1
=1.035 32
= 3.006
So, it takes 52 years
Increase prices talk over with the percentage alternate of a particular variable inside a selected time period. growth prices can be nice or poor, depending on whether the dimensions of the variable is growing or decreasing through the years.
An economy encompasses all the sports related to the production, consumption, and alternate of products and services in an entity, whether the entity is a nation or a small town. No two economies are identical. every is shaped according to its personal resources, lifestyle, laws, records, and geography.
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True Stories Company sold the rights to a documentary film. They are expecting significant revenue in Year 1. The revenue stream is expected to decrease steadily until it reaches zero in Year 5. Based on this Which depreciation method should be used to most closely match the expense to the revenue stream the asset produces
Answers
The best depreciation method for this company is the double-declining-balance
In economics, depreciation occurs when a product gradually loses its value. The most common causes of depreciation are:
The product becomes obsoleteWear and tear of the productThe product's popularity decreasesMoreover, there are different methods to understand this decline in value that include:
Double-declining balanceStraight lineUnits-of-productionThe double-declining balance method implies depreciation is not constant over the years but as years pass the depreciation increases. This method applies to True Stories Company because it is expected the documentary film becomes less and less popular every year, and therefore depreciation is accelerated not constant.
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Tell me 3 characteristics of money?
Answers
1.) durability
2.) acceptability
3.) scarcity
4.) portability
5.)divisibility
6.)uniformity
choose any three u want! :)
Characteristics of Money.
Answer:
(a) Divisibility
(b) Limited supply
(c) Durability
More:
(d) Portability
(e) Acceptability
(f) Uniformity
These are the characteristics of money.
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Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
Answers
Answer: $2.78
Explanation:
Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.
Average variable cost = Variable cost of producing 18 sneakers / 18
= 50 / 18
= 2.7778
= $2.78
11. Suppose that your favorite magazine, The Economist, costs $6 per issue and Peoples magazine costs $4 per issue. If you receive 20 utils when you read People, how many additional utils would you need to get from reading The Economist to prompt you to pony up the extra $2 to purchase it instead of People magazine
Answers
To determine how many additional utils a consumer would need to get from reading The Economist to justify the extra cost of $2, we would need to know the consumer's marginal utility for each magazine.
Assuming that the consumer has a marginal utility of 20 utils for the last issue of People magazine they read, we can estimate their marginal utility for The Economist by considering how much additional utility they would receive from reading it.
If reading The Economist provides the consumer with an additional 10 utils compared to reading People magazine, for example, then the consumer would need to gain at least 10 additional utils to justify the extra cost of $2. If the consumer values each additional util equally, this means they would need to gain at least $0.20 worth of additional utility from reading The Economist to justify the additional cost of $2.
However, it's important to note that marginal utility can vary from person to person and may not be easily quantifiable in monetary terms.
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What are the major difference between a ditribution channel for a buine making tangible product and a firm producing hopitality and travel product
Answers
Distribution channel for making tangible products represents businesses which buyers pay for a good or a service.
What does a company that manufactures tangible goods use as a distribution channel?The Internet, retailers, wholesalers, and marketers are instances of distribution channels. The producer sells to the consumers directly through a direct distribution platform. Before the product reaches the end customer, there are several middlemen involved in indirect channels.
What differentiates the distribution channel from the sales channel?Businesses depend on sales channels, that are points of contact with their clients, to reach out them and supply a service or product. As many divergent routes the product can take to reach the final consumer can be seen in these distribution networks.
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How are volatility and risk related in an investment?
A.
a volatile investment is less risky
B.
a volatile investment is more risky
C.
volatility and risk are not related
Answers
The terms volatility and risk are related in an investment because a volatile investment is more risky. The Option B is correct.
What is a volatile investment?Basically, the term volatility describes when a market or security experiences periods of unpredictable and sometimes sharp, price movements. Most People often think of volatility only when prices fall, however volatility can also refer to sudden price rises too.
Most of the Increased market volatility are caused by economic or policy factors including changes in other markets, interest rate hikes, and the Fed's current monetary policy. A political instability can also lead to market volatility.
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I immediately need help with this please help me someone please solve it for me it’s pretty urgent if u write unnecessary things I’ll report so pleasee
Answers
Hello there ☺️,
Please check the attached image of the answer.
By Benjemin ☺️
The highest possible payoff in the following decision tree is... 0.25 Economy Up 75 Buy Stock A -50 2.75 Buy Stock B -40 2.75 -1 0.4 Economy Even 50 0.35 Economy Down 40 0.25 Economy Up 50 0.4 Economy
Answers
The highest possible payoff in the given decision tree is $2.75.
A decision tree is a tree-shaped diagram that represents a sequence of decisions and their associated consequences. It is used for decision-making and to determine a course of action. A decision tree is a type of tool that is commonly used in data mining, statistics, and machine learning.
Decision Tree Example
The highest possible payoff in the given decision tree is $2.75. To get to that result, we look at the three paths that lead to that value and take the highest value at each node:
Start with the first node, which represents the decision to buy stock A or B. The payoff for buying stock A is 75, while the payoff for buying stock B is 2.75. Thus, we choose to buy stock A.
Next, we move to the second node, which represents the state of the economy. Since we chose stock A, the payoff for an up economy is 75, while the payoff for a down economy is -50. Thus, we choose the up economy node.
Finally, we arrive at the last node, which represents the outcome of our decision. Since we chose the up economy node, the payoff is 2.75. This is the highest possible payoff in the given decision tree.
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companies with an online presence sometimes send direct mail to customers to advertise sales. the direct marketing association has a website where consumers can state their preferences for what types of mail they do and do not wish to receive. this is an example of ___.
Answers
The consumer price index is __
Answers
Answer:
The consumer price index is a systematic calculation used to estimate price increases in a basket of goods and services that are indicative of consumption expenditure in the economy.
Explanation:
The Consumer Price Index refers to a metric used to determine the weighted average price of a set of consumer goods and services, such as food, transportation, and healthcare. CPI is accountable for monitoring the change in retail prices of fundamental and everyday goods and services purchased by households across the world. Changes in the CPI are required to measure increases in the price of living. The CPI is one of the most commonly used indicators for the detection of inflation or deflation cycles.
The seller of the house typically pays the
a. real estate agent's commission.
b. loan application fee
c. appraisal fee.
d. title search and insurance.
Answers
The seller of the house typically pays the real estate agent's commission. Therefore, the correct answer is option a.
When a property is sold, there are various costs and fees associated with the transaction. While the specific allocation of costs can vary depending on negotiations and local customs, there are some common practices regarding who typically pays certain fees.
One of the significant expenses in a real estate transaction is the real estate agent's commission. In most cases, it is the seller who pays the real estate agent's commission. The commission is typically a percentage of the final sale price of the property and is negotiated between the seller and the listing agent.
The real estate agent's commission is meant to compensate the agent or agency for their services in marketing, advertising, and facilitating the sale of the property. The commission is typically shared between the listing agent (the agent representing the seller) and the buyer's agent (the agent representing the buyer).
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How much y’all think I’m worth?
Y’all think ima great dancer?
Who follows me
Answers
Answer:
What????..............
The _____________ Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes.
Group of answer choices
Independent
Republican
Third Party
Democratic
Answers
Answer:
The Democratic Party believes the wealthiest Americans and largest businesses must pay their fair share of taxes :3
Explanation:
:3
debbie is applying for a gas card. If she gets approved, what type of credit will it most likey be?
Answers
Answer:
debt
Explanation:
A manufacturer's raw-material purchasing department would likely be classified as a:
cost center.
revenue center.
profit center.
investment center.
contribution center
Answers
A manufacturer's raw-material purchasing department would likely be classified as a cost center.
Cost centers are responsible for managing and controlling costs within an organization. They are accountable for expenses incurred in a specific department or function. The raw-material purchasing department's primary role is to procure the necessary raw materials for the manufacturing process. Its focus is on obtaining materials at the best possible prices while maintaining quality and supplier relationships. As a cost center, the department's performance is evaluated based on its ability to manage and control costs effectively within the assigned budget. The department's activities do not directly generate revenue or profit for the organization, hence the classification as a cost center.
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Robert's credit card has a balance of $645.42, but the amount that he needs to pay to bring the card to a $0 balance is $1235.18 because he missed a payment. What is Robert's interest rate?
Answers
Answer:
Robert's interest rate is 91.46%.
Explanation:
Given that Robert has $ 645.42 on his credit card balance, but the payment he needs to make to bring his balance to $ 0 is $ 1235.18, the interest rate for non-payment that he has in his account is as follows:
645.42 = 100
1235.18 = X
((1235.18 x 100) / 645.42) = X
191.46 = X
Therefore, since 191.46 - 100 is equal to 91.46, the interest rate that this account has is 91.46%.
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm: Firm A High Price Low Price A = $250 A = $325 B = $250 B = $200 Firm B Low Price High Price A = $200 A = $175 B = $325 B =$175 Refer to the above payoff matrix. If the two firms collude to maximize joint profits: There will be an incentive for Firm A to cheat and earn more if Firm B does not switch strategies There will be an incentive for Firm B to cheat and earn more if Firm A does not switch strategies There will be no incentive for either Firm A or Firm B to cheat There will be incentives for both Firm A and Firm B to cheat
Previous question
Answers
There will be incentives for both Firm A and Firm B to cheat, as they can individually earn higher profits by deviating from the collusive strategy. However, if both firms stick to the agreement, they can collectively earn higher profits than by competing aggressively.
In a collusive strategy, the firms agree to set prices at a certain level to maximize joint profits. However, there is always an incentive for either firm to deviate from the agreement and undercut the other firm's price to increase their own profits. In this case, both firms have the potential to earn higher profits by deviating from the collusive strategy, as one firm can set a low price and capture a larger market share, while the other can set a high price and earn higher profits from the smaller market share. However, if both firms stick to the agreement, they can collectively earn higher profits than if they compete aggressively.
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