When the given financial condition can be experienced, it may be said that the inventory turnover ratio of Purple Corp. will be 17.1
The inventory turnover ratio is to be understood as the ratio wherein the total time taken to finish or sell an inventory is determined by the companies. The calculation of the same for aforesaid conditions is as given below,
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
Inventory Turnover Ratio = 578600 / (31583+35838 / 2)
Inventory Turnover Ratio = 578600 / 33,688
Inventory Turnover Ratio = 17.1
Therefore, the inventory turnover ratio will be 17.1.
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A 6-year car loan charges flat rate at 2.5% per annum, to be repaid
by a monthly annuity-due. Calculate the ENR in monthly rest of the loan. If the
borrower decides to redeem early after 12, 24, 36, 48 and 60 payments, calculate
the ENR in monthly rest charged over these periods.
The Effective Nominal Rate (ENR) in monthly rest charged for early redemption after 12, 24, 36, 48, 60, and 72 payments are approximately 49.05%, 39.10%, 29.12%, 19.12%, 9.09%, and 0%, respectively.
To calculate the Effective Nominal Rate (ENR) in monthly rest for a 6-year car loan with a flat rate of 2.5% per annum, we need to use the formula:
\(ENR = (1 + r)^{m} - 1\)
Where:
r = flat rate per annum / 12 (to convert it to a monthly rate)
m = number of periods (months)
First, let's calculate the ENR for the entire loan term of 6 years (72 months):
r = 2.5% / 12 = 0.0208333 (monthly rate)
m = 72
ENR = \((1 + 0.0208333)^{72} - 1\)
ENR ≈ 0.5906434 (rounded to 6 decimal places)
So, the ENR in monthly rest for the entire loan term is approximately 0.5906434 or 59.06%.
Now, let's calculate the ENR in monthly rest charged for early redemption after specific periods:
After 12 payments:
m = 60 (remaining months)
ENR = \((1 + 0.0208333)^{60} - 1\)
= 0.4904914 (rounded to 6 decimal places)
After 24 payments:
m = 48
ENR = \((1 + 0.0208333)^{48} - 1\)
= 0.3909744
After 36 payments:
m = 36
ENR = \((1 + 0.0208333)^{36} - 1\)
= 0.2912073
After 48 payments:
m = 24
ENR = \((1 + 0.0208333)^{24} - 1\)
= 0.1911797
After 60 payments:
m = 12
ENR = \((1 + 0.0208333)^{12} - 1\)
= 0.0908904
After 72 payments (end of the loan term):
m = 0
ENR = \((1 + 0.0208333)^0 - 1\)
= 0
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Ben started a business on 1 January 2015 using rented premises. At 31 December 2015 Ben owed $1400 for rent. The rent charge to the Income Statement for the year ended 31 December 2015 was $6000. How much was paid for rent during the year?
Answer:
4600
Explanation:
Rent expense is 6000 but he still owed 1400 of that. So he paid 4600 (6000-1400)
a mini-store is a single-site service business that involves creating an innovative service factory. true false
A mini-store is a single-site service business that involves creating an innovative service factory. This statement is False.
A mini-store is a type of retail store that is smaller in size than a typical department store or grocery store. Mini-stores are often designed to be more convenient and accessible for customers, with a limited selection of products and a focus on quick and easy transactions.
However, a mini-store is not necessarily a "service factory" nor does it exclusively refer to a single-site service business.
A service factory is a type of service organization that is designed to provide consistent and efficient delivery of services.
This often involves creating standardized processes and procedures for delivering services, as well as investing in technology and training to improve service quality and efficiency.
While a mini-store may offer services as part of its business model, it is not necessarily a service factory in the same way that a large-scale service organization might be.
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Which of these is a financial service offered to business owners?
A.) Core Competencies
B.) Dividend payments
C.) Insurance
D.) Operational efficiencies
Answer:
C.) Insurance
Explanation:
Financial services include the services offered by banks, insurance companies, investment houses, real estate brokers, lenders, and finance companies. These services have a commercial aspect of either saving (pooling of resources), borrowing, or investing.
In this list, insurance is a financial service. Insurance is the purchase of protection or cover against risks. Insurance companies undertake to provide financial compensation in the event of loss arising from the risk insured against in exchange for premiums. Insurance companies pool resources together to compensate a member who has suffered a financial loss.
the craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the: a.general environment. bpetitor analysis. c.industry environment. dpetitor environment.
The craft beer industry is becoming a dominate force in the industry, leading to a decline in sales of larger domestic beers. this turn of events is a direct result of the industry environment. The correct option is (c) industry environment.
Macro breweries competed by making use of scale economies and pre-existing distribution networks. The competition from producers of substitute goods, competition from other retailers, and supplier bargaining power are, in my opinion, the three strongest forces.
Despite significant technological advancements over the past 20 years, the brewing industry still faces significant environmental issues related to energy use, water consumption, wastewater, solid waste and byproducts, and air pollutants.
What demographic does craft beer aim to appeal to?The target market for craft beer is frequently those consumers who prefer something other than the mass-produced, big-brand beers that predominate the market. Typically, they seek out beers with greater flavor and character. The correct option is (c) industry environment.
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Which of the following are the five revenue recognition criteria for more complex customer contracts? (Select all that apply.)
A. Determine the transaction price.
B. Determine that collections are guaranteed.
C. Identify the performance obligations (promised goods and services).
D. Determine that cash has been collected.
E. Identify the contract between the company and customer.
F. Allocate the transaction price to the performance obligations.
G. Recognize revenue when each performance obligation is satisfied.
options A, C, E, F, and G are the correct answers
The five revenue recognition criteria for more complex customer contracts are:
A. Determine the transaction price.
C. Identify the performance obligations (promised goods and services).
E. Identify the contract between the company and customer.
F. Allocate the transaction price to the performance obligations.
G. Recognize revenue when each performance obligation is satisfied.
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The Knot.com surveyed nearly 13,000 couples, who married in 2017, and asked how much they spent on their wedding. The average amount of money spent on was $33,391. The value $33,391 is a:
(a) parameter
(b) statistic
(c) cannot be determined from information provided.
Option A. The Knot, the preeminent online wedding resource, has just revealed the findings of its 2017 Real Weddings Survey.
About 13,000 US brides and grooms who were married in 2017 were questioned for the 11th annual leading wedding industry research, the most reputable and thorough of its kind, to learn about the spending patterns and trends of actual weddings in America. The average cost of a wedding, the cost of wedding vendors, how couples budget for their special day, the average number of wedding guests, the average amount spent per guest, wedding style trends, and other significant statistics pertaining to weddings in America are all covered in this study on a national and regional level.
A possible parameter.
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Helena has always loved children and worked hard to become an elementary school teacher. Her family does not like this career because it traditionally does not pay a lot of money. Helena is determined to stay on her career path. What could Helena do to make sure she is secure financially?
Answer:
listen to her family and choose another career
Explanation:
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
Answer:
She could invest the spare money she has, and minimize her cost of living to save as much money as possible.
She could also try to do tutoring on the weekends to make sure extra money.
When A customer returns goods to the business
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
why personnel management is important to an office?Explain in details.
Answer: See explanation
Explanation:
Personnel management can be defined as the the effective management of the employees in an organisation. The importance of personnel management to an office include:
• Personnel management helps in bringing the gap that exist between the performance of the employees and the objectives of the organisation.
• An efficient personnel management is important as it gives a company and edge over its rivals.
• A good and effective personnel management helps in the creation and the maintenance of a working environment that's harmonious.
The top management of hipster clothing decides to set up an online store to cater to the changing business environment and reach out to the hispanic market. the management also identifies that the success of the company will depend on its ability to create and develop new products and processes in the next two years. this is an example of
I they create and develop new products and processes in the next two years. This is an example of strategic planning.
What is strategic planning?Strategic planning can be defined as those goals and objective a company or organization intend to achieve in the future.
Based on the given scenario the company is engaging in future Strategic planning as they intend to develop new products and processes in the next two years.
Therefore this is an example of strategic planning.
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When an item is shipped back by a customer, an important first step in the returns process is the creation of a(n):
A. Packing slip
B. Return label
C. Invoice
D. Bill of lading
When an item is shipped back by a customer, an important first step in the returns process is the creation of a return label. This label is what allows the package to be identified as a return and ensures that it gets routed to the correct location for processing.
Without a return label, the package could easily get lost or end up in the wrong hands, causing frustration for both the customer and the seller. In addition to the return label, it is also important to include a packing slip with the returned item. This slip should include the customer's name and order number, the reason for the return, and any other relevant information that can help the seller process the return quickly and efficiently.
While an invoice and bill of lading may also be involved in the returns process, they are not typically created at the beginning of the process. The invoice is usually generated when the seller receives the returned item and determines whether a refund or exchange is warranted, while the bill of lading is used more for tracking and transportation purposes. Overall, the creation of a return label and packing slip are crucial first steps in the returns process, helping to ensure that the return is processed quickly and accurately for both the customer and the seller.
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Why would it be better to be in a partnership?
Answer:
Partnerships increase your lease of knowledge, expertise, and resources available to make better products and reach a greater audience. All of these put together along with 360-degree feedback can skyrocket your business to great heights. The right business partnership will enhance the ethos of your firm.
Explanation:
Hope it helps..
Celebrities can appeal to ethos when they promote products that
A. are related to their field.
B. people want to buy.
C. might help people.
D. are not well known.
Answer:
B.people want to buy ..............
what type of object can ground static
electronic. Maybe I'm not a hundred percent sure.
Answer: its plastic
this is just extra bc it kept saying my answer was too short
Choose all of the adjectives that best describe the scent of a rose.
sweet
aromatic
putrid
fragrant
Answer:
fragrant, sweet
Explanation:
what benefits and limitations of businesses specializing in the prodution and supply of just one type of good
Answer:
Limited market: If the demand for the product decreases or the market becomes saturated, the business may struggle to sell its products.
Dependence on a single product: If something goes wrong with the production of the product, the business may struggle to continue operating.
Lack of diversification: Specializing in just one product means that the business is not diversified and may be more vulnerable to market fluctuations.
Hello,
I hope you and your family are doing well!
The benefits of specializing in the production and supply of just one type of good include achieving economies of scale, developing expertise in a specific market, and reducing costs. Limitations include limited market opportunities, dependence on a single product, and difficulty diversifying.
----
Happy Holidays!
Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
Mr. Benjamin salgado invested his savings to salgado and delgado construction corporation amounting to php500,000 in cash and equipment worth php250,000.00
Answer:
Mr. Benjamin has invested total php 750,000 in Salgado and Delgado construction corporation.
Explanation:
The investment made by Mr. Benjamin in cash and as an equipment both will be considered as investment made in the company. The percentage of stake will be calculated by considering both forms of investments. Mr. Benjamin will have controlling stake in Salgado and Delgado corporation. The company can receive dividends according to percentage of stake declared by the company.
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
The worldwide interdependence of resource flows, product markets, and business competition is called:______.
The worldwide interdependence of resource flows, product markets, and business competition is called Globalization as it is one that characterizes the new economy.
What is resource flow?The term "resource" is related to the availability of facilities. It can take any form and can be passed from hand to hand so that everyone can make the best use of these resources.
This comes under the term "resource flow''. The product market and business competition have increased. This comes under the term "globalization''.
As a result of world-wide interdependence, globalization is related to the exchange of products and services throughout the nation and at an international level.
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GUYS PLEASE HELP ME!!!!!20 POINTS!!!!
Select the communication type that is being used in the following example.
Two co-workers near the copy machine are discussing the upcoming company meeting.
external formal communication
external informal communication
internal formal communication
internal informal communication
Answer:
exchange of information between people; the sending and receiving of messages. Communication can be separated into two groups verbal and non-verbal and again into formal or informal communications, an example of verbal and formal meaning communication is being conducted in a professional manner that's direct meaning face to face.
Explanation:
The _______________________ measures the responsiveness (or sensitivity) of quantity demanded of a given good to changes in its price.
What is the elasticity of an upward sloping demand curve?
The elasticity of a product is less in an upward-sloping demand curve.
The slope of a product's demand curve is affected by elasticity. An upward slope indicates a steeper demand curve and a less elastic product. Out of curves with different slopes, the one which has a flatter demand curve indicates a greater quantity demanded a response to a change in price, which makes it more elastic. Inelastic products are those which have low price elasticity.
Generally, non-staple products have high price elasticity. An important factor that affects demand elasticity is the availability of substitute goods that are close to the product being considered.
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María, age 32, earns $60,000 working in 2022. She has no other income. Her medical expenses for the year total $6,000. During the year, she suffers a casualty loss of $9,500 when her apartment is damaged by flood waters (part of a Federally declared disaster area). María contributes $6,000 to her church and pays $4,000 of state income taxes. On the advice of her friend, Maria is trying to decide whether to contribute $5,000 to a traditional IRA. Complete the table to show the effect the IRA contribution would have on Maria's itemized deductions.
Her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.
Itemized Deductions Without IRA Contribution With IRA Contribution
Medical Expenses $6,000 $6,000
Casualty Loss $9,500 $9,500
Charitable Donations $6,000 $6,000
State Income Taxes $4,000 $4,000
Total $25,500 $25,500
Maria's IRA contribution would not affect her itemized deductions because IRA contributions are not deductible on Schedule A.
Instead, they are deducted from her taxable income on the front page of her tax return. Therefore, her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.
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Which scenario shows an employee working in the Business Financial Management and Accounting pathway? Catherine trains new employees on how to use specific computer programs. Arturo creates a report showing the company’s expenditures for the quarter. Sam analyzes and creates sales goals for a team of sales specialists. Olivia works from home creating new material for an ad campaign.
Answer:
B
Explanation:
Answer:
B
Explanation:
EDGE
What is the message of the poem "We all need love"
Answer:
The poem talks about love and togetherness that love can bring in the lives of the human beings.
Explanation:
The poem "We all need Love" written by Maxim Muyu highlights the importance of love in the life of humans. The poem explains how 'love' can diminish bad vibes and create a whole new world of peace and brotherhood. Throughout the poem, the theme of loving each other has been highlighted. It is only by loving others that the evils like 'depression' and 'racism' can be eradicated in the society. The word 'Love' is very strong and meaningful. Love is the requirement of every individual and it helps the heart and the mind to come together.
Love is a feeling of attraction, care and affection towards someone.
An individual can either love someone or be loved by someone. Self love is very important because you need to learn to love yourself before you can extend it to someone else.The poem "We all need love" reiterate the importance of love in the family, among friends and the society. Love helps to promote unity and corporation.Existence of love promotes togetherness.
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How does a notice board help in providing information?
Answer:
to boost the marble of employees
Answer:
A notice board can display graphs, data, facts and other relevant information
Explanation:
A notice board saves time, keep people informed, and can be serve for many purposes.
what is business development
Assuming sales remain unchanged, if COGs increases then Gross Profit
Assuming sales remain unchanged, if COGs (Cost of Goods Sold) increases, then the Gross Profit will decrease. Gross profit is the difference between the revenue earned from sales and the cost of goods sold.
When COGs increase, it means that the cost of producing each unit of the product has increased. This will lower the Gross Profit margin since the revenue earned from sales will now have to cover the increased cost of production. Therefore, the Gross Profit margin will decrease by the same percentage as the increase in COGs.
A decrease in Gross Profit margin can have serious implications for a business. It will lower the net profit margin, which is the overall profitability of the business. The business may also have to increase the selling price of its products to maintain its profit margin, which can result in a decrease in sales volume.
Additionally, an increase in COGs may result in reduced profit margins and cash flow, which can lead to financial difficulties and a decrease in the company's overall financial health.
In conclusion, assuming sales remain unchanged, if COGs increase, then the Gross Profit margin will decrease, which can have significant implications for the overall financial health of a business.
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