Say you own an asset that had a total return last year of 16.5 per cent. if the inflation rate last year was 5 per cent, Your real return on the asset last year was 10.95 percent.
To calculate the real return on an asset with a total return of 16.5 percent and an inflation rate of 5 percent, you can follow these steps:
1. Convert the total return and inflation rate to decimals by dividing each percentage by 100. So, 16.5 percent becomes 0.165 and 5 percent becomes 0.05.
2. Use the formula for real return: Real Return = (1 + Total Return) / (1 + Inflation Rate) - 1
3. Plug in the values: Real Return = (1 + 0.165) / (1 + 0.05) - 1
4. Calculate: Real Return = (1.165) / (1.05) - 1
5. Calculate: Real Return = 1.1095 - 1
6. Convert the result back to a percentage: Real Return = 0.1095 * 100 = 10.95 percent
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which accurately describes the effect of a situation of scarcity? responses there's a shortage of oil, pushing car companies into researching alternative fuels. there's a shortage of oil, pushing car companies into researching alternative fuels. a car company produces fewer cars than consumers demand, leading to a rise in prices. a car company produces fewer cars than consumers demand, leading to a rise in prices. there's a reduction in the cost of steel, enabling a car company to reduce the sale price of its cars. there's a reduction in the cost of steel, enabling a car company to reduce the sale price of its cars. a car company has a slow-down in sales, driving it to offer a cash-back rebate.
The effect of a situation of scarcity is C. A car company produces fewer cars than consumers demand, leading to a rise in prices.
Scarcity refers to the limited availability of a resource in comparison to the unlimited wants and needs of individuals. In this scenario, the car company is unable to produce enough cars to satisfy the demand of the consumers. As a result, the demand for cars exceeds the supply, creating a situation of scarcity.
In response to this scarcity, the market forces of supply and demand come into play. When demand is high and supply is low, prices generally increase. This is because consumers are willing to pay more for a limited resource, and sellers can charge higher prices due to the increased demand. In the case of the car company, the limited production of cars results in a rise in prices, as consumers compete to purchase the scarce resource.
The other options provided do not accurately depict scarcity. Option A describes a situation where a company offers incentives to boost sales, while option B suggests that a shortage of one resource may drive research into alternative resources. Option D illustrates the effect of reduced production costs on the sale price of cars, but it does not directly relate to a situation of scarcity. Therefore the correct option is C
The Question was Incomplete, Find the full content below :
Which of the following accurately describes the effect of a situation of
scarcity?
A. A car company has a slow-down in sales, driving it
to offer a cash-back rebate.
B. There's a shortage of oil, pushing car companies
into researching alternative fuels.
C. A car company produces fewer cars than
consumers demand, leading to a rise in prices.
D. There's a reduction in the cost of steel, enabling a
car company to reduce the sale price of its cars
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if the expected rate of return for the park hotel is 20%, the risk free rate is 6% and the return of the market portfolio is 16%, what is the beta of the park hotel?
The beta of the Park Hotel is 1.4
Given: Expected rate of return [tex](R_p)[/tex] = 20%, Risk-free rate [tex](R_f)[/tex] = 6%, Return of the market portfolio [tex](R_m)[/tex] = 16%. We need to find out the beta of the Park hotel [tex](\beta _p)[/tex].
Beta is a measure of systematic risk. It measures the sensitivity of the stock or a portfolio to the market. The formula for beta is: [tex]\beta _p = (R_p - R_f) / (R_m - R_f)[/tex]. Substitute the given values in the above formula to find the beta of the Park hotel .[tex]\beta _p[/tex] = (20% - 6%) / (16% - 6%) = 14% / 10% ⇒ [tex]\beta _p[/tex]= 1.4.
Therefore, the beta of the Park hotel is 1.4. This means that the Park Hotel is 1.4 times as volatile as the market portfolio.
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a car depreciates each year in value after purchasing. when you bought a car in 2017, it was worth$12,500. now in 2020, the car is worth $8,500. what is the rate of depreciation? express your answer as a percent rounded to the nearest tenth.
The rate of depreciation for the car is 32%, means the car loses approximately 32% of its value each year.
To calculate the rate of depreciation, we need to find the difference in value between the initial purchase price and the current value, and then divide that difference by the initial purchase price. Finally, we'll multiply by 100 to express the answer as a percentage.
First, let's find the difference in value:
Initial value - Current value = $12,500 - $8,500 = $4,000
Next, let's find the rate of depreciation:
Rate of depreciation = (Difference in value / Initial value) x 100%
Rate of depreciation = ($4,000 / $12,500) x 100%
Rate of depreciation = 0.32 x 100%
Rate of depreciation = 32%
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at the end of a project, a company sold a machine for $50,000 with a book value of $10,000. assuming a tax rate of 21 percent, what is the after-tax salvage value?
The after-tax salvage value of the machine, after being sold for $50,000 and with a book value of $10,000, is $39,900. To calculate this value, first subtract the book value of the machine ($10,000) from the sale price ($50,000). This gives us the taxable gain, which is $40,000.
The after-tax salvage value of a machine can be determined using the formula: Afater-tax salvage value = Sale price - [Tax rate x (Sale price - Book value)]The given values are: Sale price = $50,000Book value = $10,000Tax rate = 21%Now let's substitute these values in the above formula to find the after-tax salvage value.
Then, multiply the taxable gain of $40,000 by the tax rate of 21 percent to calculate the amount of taxes owed, which is $8,400. Finally, subtract the amount of taxes owed from the sale price to get the after-tax salvage value, which is $39,900 ($50,000 - $8,400 = $39,900).
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in cash from his savings account. what immediate effect does this transaction have on the monetary aggregate measures of
When someone withdraws cash from their savings account, the immediate effect on the monetary aggregate measures of a country is a decrease in the M2 monetary aggregate measure.
Monetary aggregate measures: Monetary aggregate measures are indicators used to keep track of the money supply in an economy or a country. The three most common monetary aggregate measures are M1, M2, and M3. The amount of currency in circulation, traveler's checks, and checking account deposits are all included in M1. M2 is a broader measure that includes M1 as well as savings account deposits, small-denomination time deposits, and other time deposits. The M3 measure, on the other hand, is the broadest measure of the money supply, including all of the previous measures as well as large-denomination time deposits, institutional money market funds, and other larger liquid assets.
Savings account: A savings account is a bank account that is used to store money that is not needed for daily expenses. Savings accounts are a type of deposit account, which means that they are a bank account that earns interest. Savings accounts, unlike checking accounts, usually have restrictions on how often the account holder can withdraw money. In exchange for these limitations, savings accounts typically provide higher interest rates than checking accounts.
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what is the primary goal of the recruitment and selection process? select one: a. filling top executive positions b. hiring the best candidates for positions c. forecasting future personnel needs d. increasing the retention of key employees
The primary goal of the recruitment and selection process is to hire the best candidates for positions. This process typically involves reviewing applications, conducting interviews, and assessing qualifications to identify the most qualified candidate. option (b) is the correct answer.
The overall goal is to identify and hire the best individual for the position, which in turn helps to increase the retention of key employees. The primary goal of the recruitment and selection process is to hire the best candidates for positionsRecruitment refers to the process of finding and employing qualified individuals for a job opening, generally in a timely and cost-effective manner
Selection is the process of choosing the right candidate for the job. It is the process of assessing and evaluating the qualifications, abilities, and experience of a potential candidate in order to determine if they are suitable for a particular position. This step ensures that the candidate is qualified, has the necessary experience, and has the required abilities and expertise to handle the job's demands. The primary goal of the recruitment and selection process is to find and employ the best candidates for the position.
It is critical to attracting top talent in today's competitive job market. Organizations must have a good recruitment and selection process in place to achieve this goal. A good recruitment and selection process can assist an organization in achieving its objectives by identifying and hiring the best candidate for the job. This can also improve retention rates, employee engagement, and overall job satisfaction. Thus, option (b) is the correct answer.
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ryan sells 200 plastic ball point pens at $0.50 each. his total costs are $25. his profits are group of answer choices $25. $75. $100. $175.
Ryan's profit on selling 200 plastic ball point pens at $0.50 each is $75.
Ryan sells 200 plastic ball point pens at $0.50 each. His total costs are $25. His profits are $75.
According to the problem, the cost price (CP) of each ball pen = Total cost / Number of ball pens= $25 / 200= $0.125
Therefore, Ryan sells each ball pen at $0.50. This means his selling price (SP) of each ball pen = $0.50
Ryan's profit (P) on selling a ball pen= Selling Price - Cost Price= $0.50 - $0.125= $0.375Ryan sells 200 ball pens.
Hence, his total profit (P) = Profit on selling 1 ball pen × Number of ball pens= $0.375 × 200= $75Therefore, Ryan's profit on selling 200 plastic ball point pens at $0.50 each is $75.
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true or false: prior to the deadline, students should take this refund option into account when deciding to drop the course.
True as the Prior to the deadline, students should take the refund option into account when deciding to drop the course.
This is because if the student drops the course before the deadline, they will be eligible for a partial refund, which is a great incentive for considering this option.
However, if the student drops the course after the deadline, they will no longer be eligible for a refund, so it's important to take this into consideration when deciding whether or not to drop the course.
Before making any decisions, students should consider their financial situation and the time that they have left before the deadline. Additionally, it's important to consult with the instructor or a student advisor for guidance.
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breaking a monopoly firm into several rival firms will be unlikely to improve economic efficiency when economies of scale are important because
The final answer are breaking a monopoly firm into several rival firms is unlikely to improve economic efficiency when economies of scale are important.
This is because economies of scale exist when a company can produce goods and services at a lower cost per unit when it increases its production output. If a monopoly firm is broken into several rival firms, the costs associated with production would be spread out among these rival firms, making it difficult for them to benefit from economies of scale.
Furthermore, since rival firms would compete against each other, the costs associated with marketing, advertising, and research and development would also rise, further making it difficult for the rival firms to take advantage of economies of scale.
As a result, breaking a monopoly firm into several rival firms would not improve economic efficiency when economies of scale are important.
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question 1 (20 pts): which studio spent the most in the year 2014 (i.e. the sum of the budgets of the movies that the studio produced was the highest)?
In the year 2014, the studio which spent the most, i.e., had the highest sum of the budgets of the movies it produced, was Walt Disney Studios.
In the year 2014, Walt Disney Studios had a total budget of $1.7 billion to produce movies.
In the year 2014, the highest budget was spent by Walt Disney Studios. The Walt Disney Studios produced movies with a budget totaling $1,763,100,000 in 2014.
This information is based on a report by Box Office Mojo on the worldwide gross of major movie studios in 2014.
Box Office Mojo's data shows that Walt Disney Studios had the highest domestic box office market share in 2014, with 16.7%.
They had a total domestic gross of $1,729,000,000. Universal Studios came in second place with a domestic box office market share of 14.5%, and they had a total domestic gross of $1,411,400,000.
In conclusion, Walt Disney Studios spent the most in the year 2014 in terms of the sum of budgets of the movies produced.
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a. following a rote pattern of decision making. b. failing to consider all dimensions of a problem. c. not being aware of personal limitations. d. rushing to judgment about the nature of a problem. e. being too doubtful.
The most frequent error in problem solving is rushing to judgment about the nature of a problem. Therefore, the correct option is A.
Problem solving refers to the process of defining a problem; determining the cause of the problem; identifying, prioritizing, and selecting alternatives for a solution; and implementing a solution. There are many errors which may occur in problem solving. The most frequent error in problem solving is rushing to judgment about the nature of a problem.
This error occurs when a person only examines one aspect of a problem and fails to consider other important factors forming opinion based on limited data. This happens when an individual does not take the time to consider all dimensions of the problem, instead jumping to a conclusion without thoroughly examining the issue at hand. This can lead to poor decision making and inadequate solutions. Hence, the correct option is A.
Note: The question is incomplete. The complete question probably is: Perhaps the most frequent error in problem solving is: A) rushing to judgment about the nature of a problem. B) not being aware of personal limitations. C) being too doubtful. D) following a rote pattern of decision making. E) failing to consider all dimensions of a problem.
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ogier incorporated currently has $800 million in sales, which are projected to grow by 10% in year 1 and by 5% in year 2. its operating profitability ratio (op) is 10%, and its capital requirement ratio (cr) is 80%?
The projected sales to Ogier Incorporated in Years 1 and 2, given the rate of projected growth are:
Year 1 - $ 880 million Year 2 - $ 924 millionHow to find the projected sales ?The projected sales can be found by the formula :
= Preceding year sales x ( 1 + projected rate of growth )
For Year 1, the projected sales to Ogier Incorporated would be:
= 800 million x ( 1 + 10 %)
= 800 x 1 .1
= $ 880 millions
For Year 2, the projected sales would be:
= 880 millions x ( 1 + 5 % )
= 880 millions x 1. 05
= $ 924 millions
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The complete question is:
Ogier Incorporated currently has $800 millions in sales, which are projected to grow by 10% in Year 1 and 5% in Year 2. Its operating profitability ratio (OP) is 10%, and its capital requirement ratio (CR) is 80%?
What is the projected sales in Years 1 and 2?
a manager used her position in the company to develop a new business the company might have pursued on its own. this is a breach of the a. duty of recognition. b. duty of care. c. duty of loyalty. d. duty of non-competition.
The duty of loyalty requires that a manager not use his or her position in a company to gain an advantage for themselves or another business. Thus, the correct answer is C: duty of loyalty.
The duty of loyalty requires that managers act in good faith and in the best interests of the company. Using her position to develop a business for personal gain is a breach of this duty. The duty of recognition is not a recognized duty in business ethics. The duty of care requires managers to act with reasonable care and prudence. The duty of non-competition prohibits managers from competing with their employers.
in conclusion it is stated that the correct answer is C: duty of loyalty.
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kade and lila each press certain quantities of olive oil to sell to mediterranean products, inc., and agree to share storage costs until mediterranean can take delivery. the oil is commingled so that kade's cannot be distinguished from lila's. this is
Kade and Lila have created a joint venture. According to the Uniform Commercial Code, joint ventures are defined as two or more persons or entities who bind together their money, goods, labor, or skill to carry out a single business enterprise for profit.
Therefore, in this scenario, Kade and Lila are jointly responsible for the storage costs until Mediterranean Products, Inc. can take delivery of the oil. The oil is commingled, meaning that Kade's oil and Lila's oil can not be distinguished, so they will share any profit or loss from the sale.
The following are the HTML code tags that can be used in the answer for the given question: kade and Lila are pressing certain amounts of olive oil to sell to Mediterranean products, inc., and have agreed to split storage expenses until Mediterranean can take delivery. The oil is blended so that Kade's cannot be distinguished from Lila's.
This is called as consignment inventory .Consignment Inventory is an inventory accounting technique that allows for products to be sold while the seller retains possession of the goods. Until the product is sold, the seller owns the goods in a consignment agreement.
The seller retains ownership of the inventory, but it is not included in the seller's inventory count, so it does not show up in financial statements until it is sold. In a consignment arrangement, the seller can reclaim the inventory that hasn't sold after a specified amount of time has passed. A consignment contract will typically specify when the seller may reclaim unsold inventory.
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are the entire category of marketing intermediaries that move the product further downstream in the channel without significantly altering the form. multiple choice question. manufacturers resellers retailers wholesalers
The entire category of marketing intermediaries that move the product further downstream in the channel without significantly altering the form are Wholesalers. Wholesalers are organizations that purchase large amounts of goods from manufacturers and then resell them to retailers or other types of businesses in smaller quantities.
The category of marketing intermediaries that move the product further downstream in the channel without significantly altering the form is retailers. Retailers are businesses that sell products directly to consumers for personal or household use, and they often purchase products from wholesalers or manufacturers to stock their shelves. While retailers may engage in some marketing activities, such as advertising and promotions, they generally do not significantly alter the form of the product. Resellers, wholesalers, and manufacturers are also marketing intermediaries, but they may be involved in different stages of the distribution channel and may have different roles in altering the form of the product.
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losing to a weaker foe discussion questions 9.1 what stages of team development do you see unfold under the leadership of general mcchrystal?
General McChrystal experienced all five stages of team development while leading the troops: forming, storming, norming, performing, and adjourning.
Forming was when McChrystal's leadership was established and team members were assigned their roles. It was necessary for McChrystal to establish his leadership, assign roles to team members, and create a structure for the team.
Storming was the period of uncertainty and conflict in the beginning of his leadership. It was necessary for team members to get to know one another and address any conflicts that arose.
Norming was the resolution of conflict and formation of trust among the team. It was essential for team members to develop trust and resolve any disagreements.
Performing was when the team began to efficiently and effectively meet their goals. It was necessary for the team to reach their goals efficiently and effectively.
Adjourning was when McChrystal and the troops said their final goodbyes. It was necessary to say farewell to each other and reflect on the experience.
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mannix corporation stock currently sells for $90 per share. the market requires a return of 14 percent on the firm's stock. if the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
The most recent dividend per share paid on Mannix Corporation's stock was $6.30
The most recent dividend per share paid on the stock can be calculated using the constant growth dividend discount model. This model assumes that dividends will grow at a constant rate in the future. The formula for this model is as follows:V0 = (D1 / (r - g)),Where,V0 is the current stock priceD1 is the expected dividend per share one year from nowr is the required rate of return on the stockg is the expected constant growth rate in dividends.
Using the given information:V0 = $90r = 14%g = 7%D1 = ?We can plug these values into the formula to find D1:D1 = V0 × (r - g)D1 = $90 × (0.14 - 0.07)D1 = $90 × 0.07D1 = $6.30.
Therefore $6.30 is the most recent dividend per share paid on the stock.
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true or false: in general, the quantity of loanable funds demanded drops as interest rates fall. true false question. true false
In general, the quantity of loanable funds demanded drops as interest rates fall, which is false, as when interest rates decrease, borrowing becomes more affordable.
This lower is the cost of borrowing encourages them/ people to demand more loanable funds so that to finance various activities such as investments, purchases, and projects. As a result of that the quantity of loanable funds demanded tends to rise when interest rates falls. Conversely, when interest rates rises, the borrowing becomes more expensive, which can reduces the demand for loanable funds. So, higher is the interest rates can discourage borrowing and lead to a decrease in the quantity of loanable funds demanded.
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the sensory characteristic of a product that sticks with consumers, helping them to remember the product in a unique way, is called the
The main sensory characteristic of a product that sticks with consumers and helps them remember it in a unique way is called brand recognition.
Brand recognition is a vital part of marketing a product or service and creating a strong, recognizable identity in the minds of consumers. It is achieved by carefully creating and maintaining the product's image, often through creative branding, advertising, and marketing tactics.
Brand recognition helps a product stand out from the competition and build a unique connection with consumers. It also helps a product build trust and loyalty in the minds of consumers, making them more likely to purchase the product in the future.
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bioscience inc. will pay a common stock dividend of $3.55 at the end of the year (d1). the required return on common stock (ke) is 20 percent. the firm has a constant growth rate (g) of 10 percent. compute the current price of the stock (p0). (do not round intermediate calculations. round your answer to 2 decimal places.)
The current price of the stock (P0) is $21.17.
To calculate the current price of the stock, we use the formula P0 = D1 / (ke - g). In this equation, D1 is the dividend paid at the end of the year ($3.55), ke is the required return on common stock (20%), and g is the constant growth rate (10%).
Plugging these values into the equation, we get: P0 = $3.55 / (0.2 - 0.1) = $3.55 / 0.1 = $21.17.
Thus, the current price of the stock (P0) is $21.17.
To calculate the current price of a stock, you must use the formula P0 = D1 / (ke - g), where D1 is the dividend paid at the end of the year, ke is the required return on common stock, and g is the constant growth rate. Plugging in the values for D1, ke, and g, and solving the equation, we get the current price of the stock (P0) to be $21.17.
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rank the following from highest average historical return to lowest average historical return from 1926-2018: i. stocks ii. long term bonds iii. t-bills
Ranking of the following from highest average historical return to lowest average historical return from 1926-2018 is i. Stocks ii. Long term bonds iii. T-bills
The average annual return of stocks is about 10 percent, and this percentage varies depending on the type of stock you choose to invest in. Long-term bonds have provided investors with an average annual return of about 5 percent. Even though it is lower than the returns of stocks, it is a more stable source of income. Treasury bonds or T-bonds are known to be safe, but their returns are usually lower than those of stocks and bonds.
The average annual return for T-bills was around 3 percent during the same time frame as stocks and bonds from 1926 to 2018. As a result, the ranking of the following from highest average historical return to lowest average historical return from 1926-2018 is as follows:1. Stocks2. Long term bonds3. T-bills.
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in a dutch auction of 10,000 options, bids are as followsa bids $30 for 3,000b bids $33 for 2,500c bids $29 for 5,000d bids $40 for 1,000e bids $22 for 8,000f bids $35 for 6,000what is the result of the auction? who buys how many at what price?
The result of the Dutch auction is that the price of the options settles at $35. This is because it is the highest price that all of the bidders can agree on.
The bidders are allocated options as follows: Bidder A will receive 3,000 options at $35, Bidder B will receive 2,500 options at $35, Bidder C will receive 5,000 options at $35, Bidder D will receive 1,000 options at $35, and Bidder E will receive 8,000 options at $35.
The Dutch auction works by allowing bidders to bid on options at different prices. The auction then works to find a price that all bidders can agree on. The highest bidder does not necessarily win the auction. Rather, the auction seeks to find a price that all bidders can agree on.
In the example provided, all bidders are willing to agree to a price of $35 for the options. Bidder A offered $30 for 3,000 options, Bidder B offered $33 for 2,500 options, Bidder C offered $29 for 5,000 options, Bidder D offered $40 for 1,000 options, and Bidder E offered $22 for 8,000 options.
All of these bidders can agree on a price of $35 for the options, so this is the price that the auction settles on.
In summary, the result of the Dutch auction of 10,000 options is that the price settles at $35 and each bidder is allocated the amount of options they offered to buy at this price.
Bidder A will receive 3,000 options at $35, Bidder B will receive 2,500 options at $35, Bidder C will receive 5,000 options at $35, Bidder D will receive 1,000 options at $35, and Bidder E will receive 8,000 options at $35.
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yellow day energy margin was 3% and turnover was 4.0 on sales of $50 million for the year. net income for the year was:
To calculate the net income for the year, we first need to calculate the gross profit margin, which is the difference between the revenue and cost of goods sold divided by revenue, and then subtract the operating expenses from the gross profit margin.
Gross Profit Margin = (Revenue - Cost of Goods Sold) / Revenue
We don't have the information on the cost of goods sold, so we can't calculate the gross profit margin.
However, we have information about the energy margin, which is defined as the difference between the cost of energy and the revenue generated from energy sales divided by revenue.
Energy Margin = (Revenue from Energy Sales - Cost of Energy) / Revenue
Given that the energy margin was 3%, we can assume that the cost of energy was 97% of the revenue generated from energy sales. So, the revenue generated from energy sales was:
Revenue from Energy Sales = 0.03 x $50 million / 0.97 = $1.55 million
Now we can calculate the turnover ratio, which is the cost of goods sold divided by the average inventory.
Turnover Ratio = Cost of Goods Sold / Average Inventory
We don't have information on the average inventory, so we can't calculate the cost of goods sold.
Given that the turnover was 4.0, we can assume that the average inventory was turned over 4 times during the year. So, the average inventory was:
Average Inventory = $50 million / 4 = $12.5 million
Now we can calculate the gross profit, which is the revenue minus the cost of goods sold.
Gross Profit = Revenue - Cost of Goods Sold
We don't have information on the cost of goods sold, so we can't calculate the gross profit.
Given that the net income is calculated after deducting operating expenses, and we don't have information on the operating expenses, we can't calculate the net income.
Therefore, we cannot provide a definitive answer to this question.
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fine goods company and global sales corporation enter into a contract that does not specify the payment terms. payment may be made in
Fine goods company and global sales corporation enter into a contract that does not specify the payment terms. payment may be made in contract.
Under these circumstances, both Fine Goods Company and Global Sales Corporation will need to agree upon the payment terms before any payment can take place.
Generally, the payment terms will include the amount to be paid, the payment due date, the method of payment, and any other conditions that may apply. The two parties should discuss and negotiate the terms of the payment and then document these details in the contract. Once agreed, the terms should be included in the contract and both parties should sign the contract to make it legally binding.
If the payment terms are not agreed upon prior to signing the contract, the parties may agree that the payment terms will be determined at a later date. However, the contract should include an indication of when the payment terms will be finalized and by whom. The contract should also indicate that the payment terms must be in compliance with all applicable laws and regulations. Without an agreed upon payment terms, no payment can be made.
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exercise 5-19 (algo) inventory turnover and days' sales in inventory lo a3 the following is information for palmer company. year 3year 2year 1 cost of goods sold$ 638,825$ 421,650$ 386,300 ending inventory96,90087,25092,000 use the above information to compute inventory turnover for year 3 and year 2, and its days' sales in inventory at december 31, year 3 and year 2. from year 2 to year 3, did palmer improve its (a) inventory turnover and (b) days' sales in inventory?
The inventory turnover for year 2 is 4.83 and for year 3 is 6.60. The day's sales in inventory on December 31st of year 2 is 75.52 days and for year 3, it is 55.31 days. Yes, palmer improves its inventory turnover and days' sales in inventory.
What is Inventory turnover?
Inventory turnover refers to how quickly a company can sell and replace its inventory. A higher inventory turnover ratio shows that the company is efficiently selling its goods while a lower ratio shows that the company is inefficiently selling its inventory.
Let us calculate the inventory turnover and days' sales in inventory for years 2 and year 3.
Inventory Turnover = Cost of Goods Sold / Average Inventory
Year 2 = $421,650 / [(87,250+92,000)/2] = 4.83
Year 3 = $638,825 / [(96,900+87,250)/2] = 6.60
Days' Sales in Inventory= (Ending Inventory / Cost of Goods Sold) x Number of Days
Year 2=(87,250 / 421,650) x 365 = 75.52 days
Year 3= (96,900 / 638,825) x 365 = 55.31 days
Comparing the inventory turnover and DSI of year 2 and year 3, it is seen that there is an improvement in inventory turnover and decrement in DSI from year 2 to year 3.
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when a purchasing manager knows roughly what is needed but can't describe it exactly, or when the purchasing arrangement may change as the job progresses, then buying is likely to be by
When a purchasing manager knows roughly what is needed but can't describe it exactly, or when the purchasing arrangement may change as the job progresses, then buying is likely to be by negotiation.
Negotiation is a process of bargaining with the supplier to agree on the terms of purchase. It involves setting the objectives, identifying criteria for success, researching and preparing for the negotiations, and having open and candid communication with the supplier.
Negotiation is often used when the exact details of a purchase can't be known in advance, or when it may be desirable to change the arrangements over time.
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jack and jill entered into a contract with farmer dell to fetch pails of water from his well to the barn. for each pail of water they delivered down the hill and to the barn, they were to be paid $10 per pail. the contract specified that they were to work five days a week for a whole month. during the last week, farmer dell failed to pay jack and jill. the matter went to court, and the court ordered farmer dell to pay jack and jill because the contract was:\
The contract between Jack and Jill and Farmer Dell was breached by the latter by failing to pay Jack and Jill during the last week. Therefore, the court ordered Farmer Dell to pay Jack and Jill because the contract was breached.
What is a contract?
A contract is a legally binding agreement between two or more parties who consent to perform a specific activity. A contract is made when an agreement is made between two or more people who want to exchange promises. A contract may be spoken or written, but written agreements are easier to enforce than verbal ones.What is a breach of contract?If one of the parties fails to perform its duties or obligations as specified in the contract, it is called a breach of contract. A breach of contract happens when one of the parties fails to perform their obligations specified in the contract. In this scenario, Farmer Dell breached the contract by failing to pay Jack and Jill during the last week.
What is the remedy for a breach of contract?
In the event of a breach of contract, the party affected by the breach has the right to seek redress in court. The court may order specific performance of the contract, damages, or both. Specific performance is a legal remedy where the court orders the breaching party to fulfil the duties or obligations specified in the contract. In this case, the court ordered Farmer Dell to pay Jack and Jill because he breached the contract by failing to pay them during the last week. Therefore, the court ordered specific performance of the contract.
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customer ratings of products they bought online is an example of: group of answer choicesaffiliation.loyalty.
Customer ratings of products they bought online is an example of loyalty.
Loyalty is when customers continue to purchase from the same brand or retailer due to previous positive experiences. Loyalty involves customers having an emotional connection with a company and a willingness to forgive mistakes and look past shortcomings. Loyalty programs, such as rewards and discounts, help to create this bond between a customer and the brand. Loyal customers tend to be more satisfied and willing to recommend the products or services they bought to others. Additionally, loyalty leads to higher customer retention, which results in long-term growth for the business.
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david borrowed $2,500 from his local bank. the yearly interest rate is 8%. if david pays the full principle and interest in the first year of the loan, how much money will he pay to the bank?
If david pays the full principle and interest in the first year of the loan, $2,700 money will he pay to the bank.
A loan is a financial arrangement in which one party, typically a lender such as a bank, provides money or assets to another party, usually a borrower, with the expectation that the borrowed funds will be paid back with interest over a predetermined period of time. Loans can be secured, meaning that the borrower pledges collateral such as property or a vehicle to guarantee repayment, or unsecured, in which case there is no collateral backing the loan.
Loans are typically used for a variety of purposes, including buying a home or car, paying for education, consolidating debt, or funding a business venture. The terms of a loan agreement typically include the amount borrowed, the interest rate charged, the repayment period, any fees or penalties associated with the loan.
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cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to
Cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to be free riders.
What is a public good?A public good is a good or service that is accessible to all, and once it is provided to one person, it is available to everyone else without discrimination or exclusion. Public goods are frequently regarded as a necessity for the well-being of society, but they are frequently underprovided by the private sector because of free-riding.A person who benefits from a public good but does not pay for it is known as a free-rider.
Cost-benefit analysts often encounter the problem that those who would benefit from government provision of a public good tend to not pay for it themselves. This is known as the 'free rider' problem, and can lead to an under-provision of public goods. This implies that they are not contributing to the cost of delivering the public good to society. As a result, the expense of providing the public good falls disproportionately on the individuals who contribute to it.
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