answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ludmilka [50]
2 years ago
13

Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi

s equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year? a. 3.48 times b. 2.82 times c. 2.78 times d. 4.35 times
A. 2.78 times

B. 2.82 times

C. 4.35 times

D. 3.79 times

E. 3.48 times
Business
1 answer:
vazorg [7]2 years ago
8 0

Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

You might be interested in
Which of the following statements is true about payday loans?????
devlian [24]

Answer:

a.

Explanation:

XSGFKXHIUHDIHGDAOUYGGAOGOAIGHuihifdughoispuhgihgaph

3 0
2 years ago
Read 2 more answers
What "extras" can you include in a nontraditional resume that would not be included in a traditional résumé?
pochemuha

The extra items that you can include in a web resume that would not be included in a traditional resume are graphics, buttons and pictures

6 0
2 years ago
Read 2 more answers
Universal Containers sells through many different reseller networks. Each reseller's deals are tracked on separate opportunities
tatiyna

Answer: change the forecast category to omitted on the duplicate opportunities

Explanation:

The sales process should be modified to ensure opportunities are not double-counted in the pipeline by changing the forecast category to omitted on the duplicate opportunities.

When this is done, the multiple opportunities for the same end customer will be curtailed and hence, there'll be accuracy with regards to the pipeline report.

5 0
2 years ago
In each of the following pairs of bonds, select the bond that has the highest duration or effective duration: a. Bond A is a 6%
Pavlova-9 [17]

Answer:

Please see attachment .

Explanation:

Please see attachment .

4 0
2 years ago
What was the opening price of Dow Jones Industrial Average on May 30, 2017 in the format of XXXXX.XX?
Gemiola [76]

Answer:

Dow Jones Industrial Average on May 30, 2017:

According to valueline.com, the Dow Jones Industrial Average on May 30, 2917 closed at 21029.47 Down 50.81.

Closing index = 21029.47

plus down movement =50.81

Opening index = 21080.28

This implies that the opening price was 21080.28.

Explanation:

The Dow Jones Industrial Average measures the stock performance of 30 large companies listed on stock exchanges in the United States.  It is a stock price index.  Others are the S&P 500 Index and the NASDAQ.

The opening index represents the day's beginning average price before trading started.  During trading, the price must have seen variations, up and down movements.  But, at the end of the day's trading, the closing price was reported to be 21029.47 Down 50.81.

From this closing index report, one can infer by adding back, that the opening price was above the closing price by 50.81 or about 51 basis point.

6 0
2 years ago
Other questions:
  • Describe two disadvantages of early forms of money, and explain how they could have been fixed.
    15·2 answers
  • "principle a sum of money lent or invested on which interest is paid. a interest is money paid regularly at a particular rate"
    10·2 answers
  • What may happen to Eli and his father? Check all that apply.
    6·2 answers
  • Is Anna eligible to receive a Pell Grant? If she is, what is the maximum amount she can get from a Pell Grant?​
    9·2 answers
  • ​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
    15·1 answer
  • Trevor always begins the day with a strawberry milkshake (milk (x1 ) and strawberries(x2) mixed in proportion 1:5). His income i
    14·1 answer
  • During sales at her accessories store, Manila likes to display large signs in the store window to attract customers. She also pu
    10·2 answers
  • The president of Ravens Inc. attended a seminar about the contribution margin model and returned to her company full of enthusia
    11·1 answer
  • Suppose the country of Altaria only produces one style of good, pink tutu. Last year, nominal GDP was $50,000 and this year it i
    13·1 answer
  • A local supermarket sells a popular brand of shampoo at a fairly steady rate of 380 bottles per month. The cost of each bottle t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!