Answer:
Explanation:
Compute its current ratio, inventory turnover, and day's sales in inventory for 2015 using:
A. LIFO Numbers 2015
Current Ratio: current asset/current liability = 390/175 = 2.23
Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33 = 29.0
Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 330/910*365 = 132.36
B. FIFO numbers in 2015
Current Ratio: current asset/current liability = 390/175 = 2.23
Inventory turnover = Cost of goods sold/ average inventory= 965/(400/12) = 965/33.33= 29.0
Day's sales in inventory = Ending Inventory/Cost of goods sold* 365 = 400/965*365 = 151.3
Answer:
Invisible Hand Concept
Explanation:
Based on the information provided within the question it can be said that in this scenario Marco's experience is an example of the Invisible Hand Concept. This concept describes the social benefits of an individual's actions. Such is Marco's experience in since he created the business in order to solve a problem, which he managed to accomplish and by doing so helped older adults with their problem and created job opportunities for various other individuals.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Molly estimates that she will use 10,000 pounds of cheese filling each month. The costs associated with each pound of cheese filling consist of $10.64 direct materials, $14.96 direct labor, $14.60 variable overhead, and $13.00 fixed overhead. Pasta Specialties (PS) has approached Molly and offered to supply 10,000 pounds of cheese filling each month for $405,200.
Make in house:
Unitary cost= 10.64 + 14.96 + 14.60= $40.2
Nose of the fixed cost are avoidable, therefore they are taken into account to make the decition.
Buy= 405,200/10,000= $40.52
Cost difference= 40.2 - 40.52= -0.32
Answer:
Personal Selling
Explanation:
The marketing tool illustrated in the question is personal selling. Personal selling is a marketing strategy that involves a sales rep meeting with a potential client for business purpose.
It makes use of 7 approaches as listed: Prospecting ,pre-approach, approach,presentation , meeting and overcoming objection , closing the sale and follow up,
In the question , we can see that Penelope fulfilled some of the approaches in the course of her meeting with the Kims.
Answer:
How much must Icon allow Emily to diversify this year?
The answer is $250,000
Explanation:
- After attaining the age of 55 years and participating already for ten years in the ESOP.
- Emily will be allowed to diversify the value equal to 25% of investments.
- 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
- Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.
