As the market price of a service increases, more potential sellers will decide to perform that service because: higher prices lead to lower opportunity costs. more potential sellers will find that the market price exceeds their reservation price. higher prices result in higher revenue. it's more prestigious to produce high-priced services.
kid definition of government
Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system. if the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 7.5, while maintaining the same level of sales, how much cash will be freed up?
Sales = $12,000,000
Inventory Turnover ratio (old) = 3If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 7.5, while maintaining the same level of sales, the cash that will be freed up is: a. $2,400,000.
Further explanationA haberdasher is a person who sells small articles for sewing, such as buttons, ribbons and zippers in the United Kingdom. Whereas in the United States, the haberdasher refers instead to a retailer who sells men's clothing, including suits, shirts, and neckties.
Haberdash inc. last year reported sales of $12 million and an inventory turnover ratio of 3. the company is now adopting a just-in-time inventory system.
[tex]Inventory turnover ratio_{Old} = \frac{Sales}{Inventory}[/tex]
[tex] 3 =\frac{12,000,000}{I}[/tex] dollar
[tex] 3I = 12,000,000[/tex] dollar
[tex] I = 4,000,000[/tex] dollar
[tex]Inventory turnover ratio_{New} = \frac{Sales}{Inventory}[/tex]
[tex] 7.5 = \frac{12,000,000}{I}[/tex] dollar
[tex] I = \frac{12,000,000}{7.5}[/tex] dollar
[tex]I = 1,600,000[/tex] dollar
Cash freed up = $4,000,000 – $1,600,000 = $2,400,000.
So, If the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 7.5, while maintaining the same level of sales, the cash that will be freed up is: a. $2,400,000.
Learn moreLearn more about Haberdash https://brainly.com/question/9103758Learn more about inventory system https://brainly.com/question/10574659Learn more about the company https://brainly.com/question/3156992Answer detailsGrade: 9
Subject: business
Chapter: sales
Keywords:
Haberdash, cash, sales, the company, inventory system
What will an executive summary for a new business contain that a business plan for a well-established business will not?
A mission statement
Details about available funds
Intentions for growth
A description of the business’s products and services
Answer:
Details about avaliable funds (B)
Explanation:
On december 31, 2017, haas engineering's ending inventory was $41,200. on december 31, 2018, haas' ending inventory was $40,000. assuming beginning inventory and cost of goods purchased were the same in both 2017 and 2018, how will haas' cost of goods sold in 2018 differ from its cost of goods sold in 2017?
If during the current year, liabilities of hayden travel decreased by $50,000 and owners' equity increased by $75,000, then:
What basic principles are fundamental to American free enterprise?
Answer:
open opportunity, private property, contracts, voluntary exchange, profit motive, legal equality, and competition (posttest answer)
Explanation:
American free enterprise is based on private property, voluntary exchange, competition, profit motive, and limited government intervention, fostering economic liberty, innovation and prosperity.
Private property rights, voluntary exchange, competition, the profit motive and minimal government intervention are the fundamental tenets of American free enterprise. Individuals ability to own and manage their assets thanks to private property rights encourages investment and economic expansion. Individuals can freely engage in transactions based on mutual consent through voluntary exchange which fosters market efficiency. Multiple businesses competing for customers ensures that innovation, quality and lower prices are fostered.
Profit-driven behavior encourages risk-taking and entrepreneurship, which promotes economic growth. While enforcing laws and regulations to maintain fair competition, protect consumers and build necessary infrastructure, limited government intervention seeks to maintain market freedom. These ideas support economic liberty, self-reliance and prosperity and serve as the cornerstone of the American economic system.
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Who knows these 2 plz answer only if you are sure. I give brainliest points
Vin diesel owns the fredonia barber shop. he employs 6 barbers and pays each a base rate of $1,310 per month. one of the barbers serves as the manager and receives an extra $520 per month. in addition to the base rate, each barber also receives a commission of $5.90 per haircut. other costs are as follows. advertising $280 per month rent $980 per month barber supplies $0.38 per haircut utilities $170 per month plus $0.27 per haircut magazines $20 per month vin currently charges $11.55 per haircut. (a) your answer is partially correct. try again. determine the variable costs per haircut and the total monthly fixed costs. (round variable costs to 2 decimal places,
e.g. 2.25.) total variable cost per haircut
Bob catches 100 rabbits in a certain area and marks them with tags. later, bob catches another 100 rabbits in the same area and notices that 10 of them have the tags from the first catch. based on this observation, he estimated that the rabbit population size is ____
Look at the picture of John Harrison painted by artist Philippe Joseph Tassaert.
What is the best reason for adding this picture to Ship's Chronometer from HMS Beagle?
to make the text more engaging by putting a face with Harrison’s name
to emphasize that Harrison is the most important topic in the text
to help the reader understand Harrison’s chronometer better
to encourage the reader to appreciate Harrison’s genius
Answer:
To make the text more engaging by putting a face with Harrison’s name
Explanation:
John Harrison was the inventor of the marine chronometer, which revolutionized marine travel by helping captains accurately calculate their longitude while at sea.
Answer:
A) To make the text more engaging by putting a face with Harrison’s name
Explanation:
Reason for adding this picture to ship's chronometer from HMS Beagle-To aid the reader in comprehending Harrison's chronometer.
The British were quite concerned about how they could create perfect clocks as long as they remained still, but not when they were rattled, and especially not when loading a moving boat.The use of a visual aid always makes the concept more interesting and understandable to the audience. According to the question, the main reason for including Tassaert's picture of John Harrison is to make the text more appealing since it helps put a face to Harrison's name.' It enables readers to grasp the concept more clearly and relate to the chronometer he designed. As a result, option A is the proper response.Learn more about Philippe joseph Tassaert here-
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What is efficiency? is it the only goal of economic policymakers?
The audi 5000s was investigated because of reported instances of unintended acceleration. the investigating body concluded that the acceleration was not a result of a system malfunction but was due instead to driver error. however, they also said that the awkward placement of the brake and accelerator pedals was the primary contributor to these driver errors. by designing this part of the 5000s in an ergonomically inefficient manner, audi ignored which of the four basic rights of consumers? the right to be informed the right to choose the right to safety the right to be heard the right to comfort
What is an appropriate font and point size selection for a business letter
A business letter should be formatted with body text between 12 and 15 points in a professional font such as Times New Roman or Arial. Sans serif fonts may enhance readability, and bold fonts should only be used sparingly for emphasis. Maintain a consistent and professional appearance by using standard fonts and limiting the variety of fonts and sizes in the document.
When selecting an appropriate font and point size for a business letter, it is crucial to prioritize legibility and professionalism. A standard point size for body text is between 12 and 15 points. Commonly accepted fonts include Times New Roman and Arial, which are both clear and widely available across platforms. Sans serif fonts like Arial and Verdana are often easier to read due to their clear spacing and easily recognized characters. It's also suggested to use fonts of normal weight rather than bold or light weight; bold should only be used sparingly for emphasis. For headings and titles, larger font sizes than the body text are acceptable, but be mindful to not use too many font sizes within the document. Avoid using too many fonts in the same document, as it can be distracting.
For professional and business documents, Calibri (though Windows-specific), Arial, Verdana, and Times New Roman are often ranked highly for readability and professionalism. The use of Comic Sans or similar fonts is not recommended for business correspondence. In block formatting, which is a common way to format a business letter, text should be left-justified and single-spaced with double spacing between paragraphs without indentation at the start of each paragraph. When preparing a business letter, aligning your choices with these guidelines will ensure that your document is both accessible and professionally presented.
When writing recommendation letters, you should ________.
a. omit negative information, if any
b. comment only on your direct working experience with the former employee
c. never offer to provide a personal reference
d. verify only the dates of employment and job titles
e. never collaborate with the former employee in developing the letter?
In the joint planning process, ____________ saves times by allowing planning activities to begin in advance of a formal decision.
In the joint planning process, A Planning Order (PLANORD) is a planning directive providing essential planning guidance and directs the initiation of plan development before the directing authority approves a military COA. It saves times by allowing planning activities to begin in advance of a formal decision.
There are eight parts of the planning phase of an audit. which parts involve the evaluation of risk?
Reg, who once worked as a lumberjack, claims that to be effective at chopping wood with an ax, you have to work with a steady, easy rhythm. if you work too fast, you quickly tire yourself out and end up getting little done. thus, reg would reinforce his sons for chopping wood on a ____ schedule.
Billy davidson operates billy's worm farm in mississippi. davidson raises worms for fishing. what is the cost per box of worms sold?
You are thinking about buying a savings bond. the bond costs $50 today and will mature in 10 years with a value of $100. what annual interest rate will the bond earn?
The savings bond will earn a 50% annual interest rate.
Explanation:To find the annual interest rate of the savings bond, we can use the formula:
Interest Rate = (Value at Maturity - Cost of Bond) / Cost of Bond
Substituting the given values, we have:
Interest Rate = ($100 - $50) / $50 = 50%.
Therefore, the bond will earn an annual interest rate of 50%.
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Which agricultural CTSO has programs for middle-school and high-school students, as well as college students? PAS NYFEA National FFA FEA
Which agricultural CTSO has programs for middle-school and high-school students, as well as college students?
It is National FFA.
The company president does not believe that the formula should be altered for fear it will tarnish the company's brand
If a painter who is contracted to paint the exterior of a house does NOT finish the job, he has violated his duty to ________.
Laws and agencies do not impact our lives on a daily basis.
True or False
Answer:
false
Explanation:
____________ tells a firm whether it can earn profits given the price in the market.
Pine groove, a cosmetics brand that primarily caters to women, wants to reach out to the less-traditional male market. it conducts research and develops a new product especially for men. in this context, pine groove uses _____.
Suppose total deposits in the first bank of commerce are $200,000 and required reserves are $10,000. based on this information, the required reserve ratio is:
The complement of 35% is:
An orthodontist has three financing packages, and each has a different service charge. he estimates that 20% of patients use the first plan which has a $10 finance charge; 20% use the second plan which has a $20 finance charge; and 60% use the third plan which has a $30 finance charge. complete parts a and
b.
To calculate the total finance charge for the orthodontist's financing packages, multiply the percentage of patients using each plan by the respective finance charge and sum up the results. The total finance charge is $24.
Explanation:To determine the total finance charge for the orthodontist's financing packages, we need to multiply the percentage of patients using each plan by the respective finance charge, and then sum up the results.
Let's calculate:
For the first plan, 20% of patients use it, and the finance charge is $10. So, 20% of $10 is $2.
For the second plan, 20% of patients use it, and the finance charge is $20. So, 20% of $20 is $4.
For the third plan, 60% of patients use it, and the finance charge is $30. So, 60% of $30 is $18.
Finally, we add up the total finance charges: $2 + $4 + $18 = $24.
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GoGo Gas and Fab Fuel are among the few large producers of gasoline in the country. Along with other large producers, they have formed a formal organization to control the output and price of gasoline in that country. What is such an organization called?