The current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
Current ratio, accounts receivable and average collection period1. Current ratio:
Current ratio = Current assets / Current liabilities
Current ratio= $4,054 ÷ $2,014
Current ratio= 2.01
2. Accounts receivable ratio:
Accounts receivable turnover= Net Sales / Average Accounts Receivable
Accounts receivable turnover =8,258/ [(2,035+ 1,942)/2]
Accounts receivable turnover =8,258/1,988.5
Accounts receivable turnover =4.15
3. Average collection:
Average collection period = 365 / Accounts Receivable Turnover ratio
Average collection period=365/4.15
Average collection period=87.95 days
4. Inventory turnover:
Inventory turnover ratio = Cost of Goods Sold / Average Inventory
Inventory turnover ratio=$5,328/(898+900)/2
Inventory turnover ratio=5,328/899
Inventory turnover ratio=5.93
5. Day in inventory:
Day in inventory = 365 / Inventory turnover ratio
Day in inventory=365/5.93
Day in inventory=61.55 days
Therefore the current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
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Which of the following is a benefit of using storyboards? (select all that apply)
a. they do not use images
b. they help team members remember the sequence of a project's phases
c. they help with the planning stage
d. they usually do not take very much time to make
e. they help with the final draft stage
f. they can be a good way to communicate a project's stages
answer: B, C, F
The storyboards help maintain the sequence of any stage of a project and develop a communication among the team members to implement the plan in a better way.
What are the uses of storyboards?Storyboards are influential and immensely beneficial to an organization in the different stages of a project. Beginning from the planning stage, and establishes a coordination and communication among the team members.
Hence, options B, C and F hold true regarding the storyboards' benefits.
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A company with a wide span of control and short chain of command is a _____ organization. A company with a narrow span of control and long chain of command is a _____ organization. Group of answer choices
1. A company with a wide span of control and a short chain of command is a flat organization.
2. A company with a narrow span of control and a long chain of command is a tall organization.
What is a flat or tall organization?A tall organization is a vertical organization with:
A hierarchical or 'tall' structureMany leaders and layers of managementUses a 'top-down' approachA long chain of commandA narrow span of control A relatively small number of subordinates.A flat organization is a horizontal organization without the features of a tall organization.
Thus, a company with a wide span of control and a short chain of command is a flat organization while a company with a narrow span of control and a long chain of command is a tall organization.
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If an employer wants to demonstrate the usefulness of a selection test/method, it should focus on showing that the test/method possesses:
The employer should focus on showing that the test possesses a criterion-related validity.
What is a criterion-related validity?It is a measurement of how-well scores which is used to predict the scores on another measure of interest such as the criterion.
Therefore, as the employer wants to demonstrate the usefulness of a selection test or method, then, its should focus on showing that the test possesses a criterion-related validity.
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Nolan wants to raise money to participate in a cancer fundraiser walk. He sets the following goal for himself:
I will earn $600.000 for the cancer fundraiser by asking for donations.
Please describe the effectiveness of Nolan's goal in two to three complete sentences using the MAD goals concept.
The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline.
What is the Mad goals concept?The MAD Goals are:
Measurable Attainable Deadline.The effectiveness of Nolan's goal can be achieve using the MAD goals concept when her idea is Measurable, Attainable, and have a Deadline. When the cancer donations falls within the define steps above, she can be able to attain her goal.
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How can you train yourself to never give up before you reach you number one goal.
For example, I want to go to college and either study to be a Certified nursing assistant or Registered nurse and in 11th grade I want to try to do Licensed practical nurse which I probably have to start off as Practical nurse.
(This is for eighth grade)
Answer:
Make a List of Goals. Write down your goals and visualize how you will feel when you hit each one. ...
Work Out Every Day. ...
Make a Schedule and Stick to It. ...
Find Your “Whys” ...
Find Some Mentors. ...
Stop Comparing Yourself With Other People. ...
Take Care of Yourself and Think Positively.
Explanation:
Seven books of the old testament that have no lines of poetry in them
Answer:
Job
Psalms
Proverbs
the Song of Solomon
Lamentations
Ecclesiastes
Wisdom
Interview a business manager on the crisis experienced in the workplace
Answer:
During an interview, a hiring manager may ask you about previous challenges you've faced in the workplace. The most effective answer to this question will highlight your problem-solving skills and professionalism. Preparing for this question ahead of time will provide you with greater confidence and a better chance of impressing the hiring manager. In this article, we discuss why employers ask this question, explain how to answer it and provide you with a list of example answers.
Explanation:
Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
What is a Business Manager?A business manager can be defined as a person that help to manage a company or an organization business so as to ensure that the business is running effectively.
A business manger is in the right position to know the crisis happening in his/her workplace and how to effectively manage the crisis and to ensure smooth running of the business.
Therefore Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
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The _____ consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift _____.
The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
What is demand curve?Demand curve is a graphical representation that shows how the rate of demand for a particular products and how it varies or changes over a period of time.
Therefore, The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
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This is for the Globalization Trend Quick Check. (Economics B, Lighthouse Connections)
1) Which of the following correctly describes globalization?(1 point)
A) Globalization is the increase in income inequality within developed countries.
B) Globalization is the process of decreasing per-unit costs with increasing production.
C) Globalization is the process of integration among individuals, businesses, and governments.
D) Globalization is the increase in the value of knowledge and information within an economy.
2) Which of the following is an example of economies of scale?(1 point)
A) A business increases its production of widgets, and the cost of producing each widget decreases.
B) A business increases its production of widgets, and the total cost of production decreases.
C) A business decreases its production of widgets, and the total cost of production decreases.
D) A business decreases its production of widgets, and the cost of producing each widget decreases.
3) Which of the following explains why many small businesses struggle to compete with larger firms?(1 point)
A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.
B) Small businesses are unable to specialize to the degree that larger firms are able to.
C) Small businesses are unable to provide the kinds of products that consumers want.
D) Small businesses are unable to sell their goods at the higher prices set by larger firms.
4) Which of the following is true of a market economy?(1 point)
A) There are no forms of government control or intervention.
B) It inhibits the influence of free trade and exchange on the free market.
C) There are no countries in the world currently transitioning to a market economy.
D) It opens the country's markets to international importing and exporting.
5) Which of the following is true of the economic transition process from a command economy to a market economy?(1 point)
A) The nation changes its fundamental economic organization and begins to minimize the amount of entirely new free market institutions.
B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.
C) Individuals and institutions rely more and more on the instruction of and distribution by other people and organizations.
D) The country's markets become less open to international importing and exporting.
Based on the trends of globalization, the following are true:
C) Globalization is the process of integration among individuals, businesses, and governments.A) A business increases its production of widgets, and the cost of producing each widget decreases.A)Small businesses are unable to offer the same variety of products that larger firms are able to produce.A) There are no forms of government control or intervention.B) The nation will attempt to stabilize its economy by establishing various monetary and fiscal policies, reducing market volatility and stimulating economic growth.What does globalization mean?Globalization refers to the tendency of the world to become increasingly integrated across borders.
This means that individuals, businesses and governments, begin to work together more often in order to increase production and market reach.
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2023 leaf’s battery pack is located beneath the floor of the passenger compartment. What are the advantages of this platform?.
If 2023 leaf’s battery pack is located beneath the floor of the passenger compartment. The advantages of this platform is: It help to effectively maximize passenger as well as cargo space.
2023 leaf’s battery packThe advantages of this platform in a situation were 2023 leaf’s battery pack is found beneath the floor of the passenger compartment includes the following:
It helps to effectively maximize passenger and cargo spaceThe low center of gravity helps to effectively enhance handling.Therefore The advantages of this platform is: It help to effectively maximize passenger as well as cargo space.
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Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now, he might experience a skilled labor shortage for approximately two weeks due to increased demand for the company's products. Which option would be best for dealing with this labor shortage
"Thomas, a supervisor at Thorax Inc., realizes that a couple of months from now..." the option that would be best for dealing with this labor shortage is Short-term gain in productivity may be made by encouraging employees to work more hours. This is further explained below.
What are work hours?Generally, work hours are simply defined as the required or stipulated time for a job.
In conclusion, Throughout 40 to 44 hours per week are the norm in most nations around the globe.
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Which of the following should NOT appear on a resume?
age
work experience
education
references
Answer:
Age
Explanation:
Age should not appear on a resume.
Extra : -
These also should not appear on a resume
Too much informationA solid wall of text.Spelling mistakes and grammatical errors.Inaccuracies about your qualifications or experience.Unnecessary personal information.Your age.Negative comments about a former employer.Details about your hobbies and interests.Stockton entered the market in China and found that it needed to balance global integration with local adaptation. It set up a Lifestyle Research Center in China to interpret data on customer wants and needs. This is an example of a company using
"Stockton entered the market in China and found that it needed to balance..." This is an example of a company using a multi-domestic strategy. This is further explained below.
What is the multi-domestic strategy?Generally, multi-domestic strategy in the market is simply defined as businesses, a multi-domestic approach means tailoring their product and marketing strategies for each country in order to maximize local response.
In conclusion, Just like any other business strategy, a company's multinational strategy must be implemented.
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Which of the following types of cover letters would assist an applicant in landing a job interview?
a.
Prospecting
b.
Application
c.
Networking
d.
All of the above
Answer:
Explanation:
The answer is D, All of above.
A prospecting cover letter goes together with your resume when applying to a company that may not have recent openings. These letters emphasis on how your skills and experiences match the work environment rather than concentrating on a specific position.
An application cover letter is a document sent with your resume to make available additional material about your skills and experience. It is intended to provide complete information on why you are a competent candidate for the job.
A networking cover letter is is sent throughout your job pursuit to get help from a contact in your industry or career field and to introduce yourself to a possible employer.
Unemployment that results because some people are searching for jobs is called a. the natural rate of unemployment. b. cyclical unemployment. c. structural unemployment. d. frictional unemployment.
Answer:
D
Explanation:
Frictional unemployment naturally occurs, even in a growing, stable economy. Workers choosing to leave their jobs in search of new ones and workers entering the workforce for the first time constitute frictional unemployment.
what is the value to a start up business of using primary marketing research
Answer:
By conducting primary research using unbiased panellists, entrepreneurs can gain the latest information about the consumer's wants and needs, allowing them to adapt their product or service accordingly and gain a competitive advantage.
Explanation:
Your classmate Reggie says, “I don’t believe in this ‘communication style’ stuff. Why would you say things in different ways to different people? That’s dishonest.” Explain to Reggie why being able to alter communication style is important in the business world.
Reggie needs to understand the importance of communication style in our lives. Everyone has a unique style of communication, the way they communicate and share information with others.
What is the importance of different ways of communicating?Communication style can have a big impact good or bad on your ability to lead teams and organizations. Improving the ability to adapt your style to meet your team's needs will help create a positive outcome for the company.
There are four basic types of communication: inactivity, aggression, inaction and aggression. It is important to understand each communication style, and why people use it.
Thus, this is the importance of Communication style.
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A company reports the following at year end: sales of $22,000; cost of goods sold $12,000; net income $6,000; average merchandise inventory $4,500. Inventory Turnover is calculated to be:
As per the given reports at year-end, the cost of goods sold is $12,000 and the average merchandise inventory is $4,500. The inventory turnover is 2.67.
What is inventory turnover?Inventory turnover refers to the measure of the number of times inventory is sold or used in a period.
The inventory turnover ratio is calculated by dividing the cost of goods sold and the average inventory. The inventory turnover is 2.67 (12,000/4,500).
Therefore, the inventory turnover ratio is 2.67.
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Jon's home is located in a flood zone. His list price takes this into consideration, and he's also provided a CLUE report for buyers specifying that the flood risk is low. However, he's still having a hard time selling. One option Jon could take is to ______. Unset starred question Drastically drop the asking price Offer to cover the buyer's flood insurance costs for one year Plan staying put Wait until the market changes
As per the case, John could take to drop the plan of selling and try to wait for the market changes. Thus, the correct answer is D.
What is flood zone?Flood zone are the areas that are considered as more prone to flood. These areas are highlighted on the map about the dangers of floods occurring. John's home is located in a flood zone so it will be difficult for him to sell.
Selling at a low price will cause loss to him, offering insurance for the flood to buyers will also hamper him with the financial burden of the flood. If he drops the plan for some time, might be possible he get a good amount due to weather changes and market changes.
Therefore, option D waiting for market changes is the correct answer.
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Trago company manufactures a single product and has a jit policy that ending inventory must equal 5% of the next month's sales. it estimates that may's ending inventory will consist of 14,000 units. june and july sales are estimated to be 280,000 and 290,000 units, respectively. compute the number of units to be produced in june.
The number of units to be produced for Trago company in June is 280,500
What is unit of production?Production is the method of turning raw materials or inputs into finished goods.
Calculation of number of units to be produced in June.
June sales units 280,000
Desired ending inventory (290,000 × 0.05) 14,5,00
Units needed 294,500
Beginning inventory (14,000)
June production units 280,500
Hence, the number of units to be produced in June is 280,500
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A student made a table in Excel and enters data in an adjacent cell. What is an advantage of making the table in an Excel worksheet?
Excel automatically adds the data from the adjacent cell to the table.
The user has the option to include the adjacent data in the table.
Adjacent cells can be filtered according to the data in the table.
Table headings are automatically applied to data in the adjacent cell.
The advantage of making the table in an Excel worksheet is that the adjacent cells can be filtered according to the data in the table.
What is an adjacent cells?In a Spreadsheet, these are cell that is in the same row and adjoins the current cell in a worksheet.
Hence, the advantage of making the table is that the adjacent cells can be filtered according to the data in the table.
Therefore, the Option C is correct.
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A company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing _______.
A company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing on-demand marketing.
What is a marketing strategy?It should be noted that a marketing strategy simply means the strategy used to companies to improve their sales.
In this case, the company that creates a marketing strategy to attract consumers who want to interact anywhere and anytime and expect interactions with the company to be easy is most likely practicing on-demand marketing.
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________________ are rules of conduct that guide actions in the marketplace and are the standards against which most people judge what is right or wrong in a business setting.
Business ethics are rules of conduct that guide actions in the marketplace and are the standards against which most people judge what is right or wrong in a business setting.
Why are business ethics important?They help to guide the days to day activities of a businessThey help the workers and staffs to know what to do and how to do them.Therefore, Business ethics are rules of conduct that guide actions in the marketplace and are the standards against which most people judge what is right or wrong in a business setting.
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the ____ phase in the business cycle is a period that marks the end of declining business activity.
Answer:
trough
Explanation:
A trough is the stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion.
When delivering 2023 leaf, explain there are three ways to initiate standard and trickle charging. What are they?.
Three ways to initiate standard and trickle charging are Immediate, remote and timer charging
What is charging?Charging is the process of transferring energy or power to a particular energy source.
We have timer charging and remote charging which helps in power transfer.
Therefore, Three ways to initiate standard and trickle charging are timer and remote charging.
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Jon recently relocated to Canada from Greece. Jon is surprised to see how much emphasis is placed on employee involvement in decision-making in his new workplace. According to Hofstede Value Dimensions, Canada is
Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.
How Hofstede Values can be related to workplaces?According to Hofstede, Canada's rankings are pretty excessive on individualism and indulgence, fairly excessive with recognition of masculinity and uncertainty avoidance, and incredibly low with regards to power distance and long-time period orientation.
Thus, Canada has Individualism (IDV) as the very best ranking (80) Hofstede Dimension and is indicative of a society with a greater individualistic mindset and comparatively free bonds with others.
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When deciding where and how many ads to run in the digital age, what do advertisers have to consider most?
oa. customer fatigue with commercials
ob.
dilution of the brand across commercials
oc.
poor economy of scale in advertising
o d.
lack of interest in products
While deciding about where and how many ads needed to be run through digital advertising, the advertisers must consider the customer fatigue associated with their commercials.
Option A is the correct answer.
Who is a customer?A customer is an individual who acquires a product from the market through an ad telecasted on electronic devices.
Customer fatigue arises when the customers are losing interest in the advertisements of the company as the ads repetitively come on every digital device. it is important for the advertisers to decide on which medium they are required to advertise their ads and how many ads needed to be advertised so that the interest of the public cannot lose over it.
Therefore, customer fatigue needs to be considered when making a decision about where and how many ads need to advertise.
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ANSWER ONLY IF YOU KNOW
Monetary policy is used to promote reasonable growth, price stability, and full employment through the use of government spending and either reducing or increasing taxes.
-True
-False
I really need help with this one this is also my final if you wondering why I’m posting it
Lily is making her first resume and has no past experience so to boost her resume she can emphasize on her education and highlight her strong GPA.
What is the resume?Resume is the document of the job seeker in which he includes his work experience, his qualifications, educational background etc. A resume is accompanied by the offer letter in which his states his interest of working in the organization.
In the statement Lily is making her first resume as she has no past experience in order to make her resume attractive to the interviewers she can highlight her academics performance. She can include the extra curricular activities in which she took part.
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Many financial service firms, IT firms, and health care companies are among the most active when it comes to________, which occurs when value chain activities are taken care of outside the home country of the firm.
Many financial service firms, IT firms, and health care companies are among the most active when it comes to Offshore outsourcing, which occurs when value chain activities are taken care of outside the home country of the firm.
What is Offshore Outsourcing?Offshore outsourcing is an act of hiring an external organization to run some business operation in another country.
Most financial firms, IT firms, and even health care companies are active when it comes to offshore outsourcing. They employ the services of another organization outside the country to run some operations.
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