giorgio had cost of goods sold of $9,637 million, ending inventory of $2,305 million, and average inventory of $2,181 million. its inventory turnover equals:
Answers
Giorgio's inventory turnover equals approximately 4.42.
To calculate the inventory turnover, we'll use the following formula: Inventory Turnover = Cost of Goods Sold / Average Inventory.
In Giorgio's case, the Cost of Goods Sold (COGS) is $9,637 million, and the Average Inventory is $2,181 million.
Inventory Turnover = $9,637 million / $2,181 million
Now, we'll perform the calculation:
Inventory Turnover = 4.42
So, Giorgio's inventory turnover equals approximately 4.42. This means that Giorgio's company sold and replaced its inventory 4.42 times during the given period. Inventory turnover is an important financial metric because it indicates how efficiently a company is managing its inventory and generating sales. A higher inventory turnover rate typically indicates better performance, as it means the company is selling its products quickly and maintaining low levels of unsold inventory.
In summary, using the given data for Giorgio's company, we calculated the inventory turnover to be approximately 4.42. This value helps to evaluate the efficiency of the company's inventory management and its ability to generate sales from stocked goods.
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Related Questions
Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answers
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
easy 50 points a friend says that when two people form a general partnership, it is just like two sole proprietors working together to run the same business. do you agree or disagree? explain.
make it shorter and pls don't use a copy and pasted answer.
Answers
Answer:
Agree simply because a general partnership, and a sole proprietor, can relate in many ways.
Explanation:
It's simple work smart not hard.
When comparing genomes from different species, scientists are often interested in the genome density, or the number of genes per number of nucleotides in the genome. Genome density can be calculated from the size of the genome and the number of genes. What is the gene density of the human genome
Answers
The gene density of the human genome refers to the number of genes per number of nucleotides in the genome.
To calculate the gene density of the human genome, determine the number of genes and the size of the genome. The human genome consists of approximately 3.2 billion nucleotides, which serve as the building blocks of DNA.
However, it's important to note that only a small fraction of the genome actually consists of genes.
The estimated number of genes in the human genome is around 20,000 to 25,000. To calculate the gene density, we divide the number of genes by the size of the genome:
Gene Density = Number of Genes / Size of Genome
Using the approximate range of 20,000 to 25,000 genes and the size of the human genome as 3.2 billion nucleotides, we can calculate the gene density. The gene density of the human genome, therefore, falls within the range of approximately 6,250 to 7,812.5 genes per billion nucleotides.
This calculation provides an understanding of the gene density, giving insight into the distribution and organization of genes within the human genome.
It helps scientists analyze and compare gene densities across different species, aiding in evolutionary studies and identifying patterns of genetic variation and adaptation.
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Two friends wanted to decide where to go for dinner. Their conversation went like this: "We need to get something to eat. How about Sharky's so we can watch the game on TV? No, Sharky's is too noisy. Ok, how about we get pizza at the Pie Hub? The Hub is great with me." In that conversation the statement "The Hub is great with me" would be analyzed and mapped as __________.
Answers
This question is incomplete because the options are missing; here are the options:
In that conversation the statement "The Hub is great with me" would be analyzed and mapped as __________.
A. A counterargument
B. The chosen alternative
C. Rejected alternative
D. A reason
E. A recognition of the need to decide
The correct answer is The chosen alternative
Explanation:
Mapping or analyzing an argument involves considering the function of each part of the argument in terms of categories such as reason, the main argument, counterargument, etc. In the case of the argument presented, the main point is where to eat. Moreover, there are two alternatives: Sharky's and Pie Hub. In this case, Sharky's is the first alternative and the rejected alternative because from the options available this is not chosen. Moreover, the second alternative is the chosen alternative; this is expressed in "The Hub is great with me" because this line shows both speakers have agreed on a place to it and this option or possible solution has been chosen.
What are the 2 functions of price?
Answers
The functions of price are exchange facilitation and resource allocation
Prices coordinate the market purchasing and selling choices and also influence how goods and other resources are distributed across the economy. In a market, exchanges of commodities and services are made possible through price. The value that a seller places on their product can be communicated to prospective customers by setting a price, and customers can then choose whether or not they are willing to pay that price.
Price also signals to producers which commodities are in great demand and which are not, aiding in the proper allocation of resources in an economy. This aids producers in choosing what to create and how much of it, ensuring that resources are utilised effectively.
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A healthier substitution for one egg is
A. one-half cup of nonfat yogurt.
B. one cup evaporated skim milk.
C. two egg whites.
D. two tablespoons buttermilk.
Answers
A healthier substitution for one egg is two tablespoons buttermilk.
What does Substitution mean?
Substitution is a mathematical term that describes the process of replacing one quantity in an equation with another. It entails substituting a known value for one or more variables in an equation. This is frequently used to solve equations and determine the values of unknown variables.
What does An Variable mean?
A "variable" in computer programming is a storage location with an associated symbolic name (an identifier) that contains some known or unknown quantity or information, referred to as a "value." The variable name is the most common way to refer to a stored value; the separation of name and content allows the name to be used independently of the specific information it represents. Variables are commonly used to store information that may change during the execution of a program.
Therfore the option D. two tablespoons buttermilk is the correct answer.
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During the 2018 financial year, Foster Manufacturing recorded the following income and expenditure. GST is not considered in this question.
• Sales Revenue of $2,040,000
• Operating Expenses of $322,000
• Income tax Expense $215,000
Charges to Production were:
• Raw Materials issued to Production of $420,000
• Direct labour charged to Production $340,000
• Overheads charged to Production $272,000
• Actual cost of Overheads $265,000
Additional Information:
• Work in Process at the beginning of the period was $102,000
• Work in Process at the end of the period was $110,000
• Finished Goods at the beginning of the period was $234,000
• Finished Goods at the end of the period was $252,000
Required:
Based on the transactions recorded, within Microsoft Excel prepare a:
Income Statement for the year
Answers
Answer:
in 2021 C
Explanation:
c
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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monopolistic competition is considered inefficient because a. long-run profits are positive. b. price exceeds marginal cost. c. barriers to entry limit the number of firms in the market. d. output is excessive.
Answers
The price is more than the marginal cost in monopolistic competition, which is seen as inefficient. The right response in this case is option B.
In a monopolistically competitive market, firms have some market power, allowing them to charge prices higher than the marginal cost of production.
This results in an inefficient allocation of resources as some consumers are willing to pay more for differentiated products than it costs to produce them. This means that the price of the good is higher than the socially optimal price and the quantity produced is lower than the socially optimal quantity, leading to a deadweight loss.
While long-run profits may be positive in monopolistic competition, this is not the primary reason why it is considered inefficient. Similarly, the presence of barriers to entry and the excessive output of firms are also not the main reasons why monopolistic competition is considered inefficient.
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Why does this occur?
Answers
This has to be asked in context.
Saved The social role theory suggests that Multiple Choice O social roles are chosen, not determined. nature is the primary determinant of differences between the social labels that we call "gender." social hierarchy and division of labor are important causes of gender differences in power, assertiveness, and nurturing. the mother role and the father role are social constructions that have emerged from our evolutionary past.
Answers
The correct option is: social hierarchy and division of labor are important causes of gender differences in power, assertiveness, and nurturing.The social role theory is a psychological theory that claims that social roles that humans occupy are the primary determinants of behavior.
The theory argues that when people decide to take on a social role, they make a commitment to perform the behaviors associated with that role. They must conform to society's expectations of them since they will be rewarded for it. When a person has a high level of commitment to a particular role, the behavior becomes automatic and unconscious.
In contrast to the social role theory, which proposes that social roles are the primary cause of human behavior, other theories argue that biology, social factors, or personal identity and characteristics are more critical determinants of behavior.
For example, the biosocial theory claims that biology and social roles both contribute to the development of gender roles, while the social identity theory posits that personal identity and characteristics, such as self-esteem, are the primary determinants of behavior.
However, the social role theory does not support these claims.Among the options provided, the social hierarchy and division of labor are important causes of gender differences in power, assertiveness, and nurturing.
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When the international value of the U.S. dollar increases,
Americans pay more for foreign goods.
the U.S. trade deficit decreases.
U.S. imports decrease.
Americans would demand less foreign currency.
U.S. exports decrease.
Answers
Exports from the United States decline while the value of the dollar abroad rises.
Which exports do you mean?Producing a product or service inside one nation and offering it to customers in another nation is known as exporting in the field of economics.
Describe export in one sentence.Exports were goods or services that are shipped from one country to another for resale. The remaining products are sold in the domestic market, with exports accounting for over half of total sales. Scotch whisky contributes significantly to the economy because it is primarily exported.
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marcus finds that a check written by a customer and deposited has not yet been posted
Answers
Which are the roles of a bank? Check all that apply.
Storing and holding money
Making purchases to create profits
Lending money
Investing in the economy
Creating money for the economy
Answers
Main purpose of banks
Keep money safe for customers.
Offer customers interest on deposits, helping to protect against money losing value against inflation.
Lending money to firms, customers and homebuyers.
Offering financial advice and related financial services, such as insurance.
The roles a bank plays includes:
Storing and holding moneyLending moneyWhat are banks?A bank is a financial institution that accepts deposits, lends money, stores valuables from customers. The activites of banks are guided by the Central Bank. The Central Bank is responsible for creating money in the economy.
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yo brainly why u give me a warning someone really put a s* meme and they didn't get a warning but when I put a picture of a drawing of a kid it bad like it called arts it educational
Answers
Answer:
the answer to this equation is 75 ⁴³
which of the following is a disadvantage of being a first-mover in the market? a. large outlays associated with creating a new product b. inability to accurately predict performance standards c. the chances that products will be protected by patents d. high switching costs consumers may experience e. costs of marketing plan implementation
Answers
The one that is a disadvantage of being a first-mover in the market is option A. large outlays associated with creating a new product
Who is a first-mover in the market?A first-mover in the market is a company that is the first to introduce a new product, service, or technology to the market. They often have the advantage of being the first to establish a customer base, create brand recognition, and gain market share.
Therefore, the correct answer is as given above. It could be concluded that a disadvantage of being a first-mover in the market is large outlays associated with creating a new product
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Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly. What would you be most and least likely to do?
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Answer:
I would encourage them ,show them how the work is done and tell them to keep working harder
Explanation:
There should be no minimum wage in America. Workers should negotiate their pay! Do you agree with this statement? Why or why not?
Answers
Answer:
Minimum wage is important because it dictates the lowest hourly wage that a worker much be given. If it was removed, corporations may be able to give workers lower than what minimum wage would have been. Corporations also may outright refuse to pay the workers what they want leaving them jobless.
Hope that helps
(1) An S corporation must possess which of the following characteristics?
a. Not more than one hundred shareholders.b. Corporation organized in the U.S.c. Only one class of stock.d. All of the above are required of an S corporation.e. None of the above are required of an S corporation.
Answers
An S corporation is prohibited from going public and is only permitted to have 100 shareholders, which restricts its ability to raise money from new investors.
Thus, the correct option is A.
What is S corporation?A business form known as a S corporation is one that is allowed by the tax code to distribute its taxable income, credits, deductions, and losses to its shareholders directly.
This provides it certain advantages over the more popular C corp. The S corp, an alternative to the limited liability company, is only available to small firms with 100 or fewer stockholders (LLC).
S corporations and LLCs are both referred to as "pass-through entities" because they don't pay corporate taxes; instead, they pay their shareholders, who are then in charge of paying the necessary taxes.
The Internal Revenue Code's Subchapter S, which they have chosen to be taxed under, gives S corporations their name.
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Why would you write a complaint to a company?
Answers
Answer:
To discuss with a company about a problem you may be having with their service or product.
Explanation:
Rounding up to the nearest cent, what is the ending inventory value for ornamental trees and decorative spotlights as of october 31 of the current year?
Answers
Rounding up to the nearest cent, 10.5 770 is the ending inventory value for ornamental trees and decorative spotlights as of October 31 of the current year.
Decorative spotlight Ornamental trees
Quantity Rate Total Quantity Rate Total
Purchase 15th October 10 10 100 10 125 1250
Purchase return 20th October -6 10 -60
Purchase return 25th October 3 10.5 31.5 10 110 1100
Net purchase 7 71.5 20 2350
Damage 28th October 1 125 125
Sale is First taken from old as per FIFO 4 10 40 9 125 1125
Remaining taken from next buy 2 10.5 21 3 110 330
6 61 13 1580
Closing Stock 1 10.5 7 770
Alternative: Just calculate the closing quantity and last purchase price
Decorative spotlight Ornamental trees
Quantity 1 7
Per piece purchase 10.5 110
Total 10.5 770.
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The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
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Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Which bank does not charge at all for using the ATM?
Bank A
Bank B
Bank C
Bank D
ANSWER : Bank A
Answers
Answer:
Bank A
Hope my answer helps
Why is creating an entrepreneurial team a good idea?
Answers
Minakshi and kanchal are two real sisters.Minachi is an author and kanchan a business woman.Kanchan
has developed a new technique which is very useful for their business. Both the sisters are experts in
their respective fields. Minakshi learnt from someone that some people were coping her written work
(literary creation). Kanchan also learnt from some that the other businessmen were taking advantage of
their creations. One of their lawyer friends advised them that both of them were the owners of a special
property and the government had provided them with a legal security they could get rid of their worry
by taking advantage of this facility.
Answer the following questions related to the above paragraph:
1.Which particular property is possessed by both the sisters?
2.To which class belongs Minakshi’s property?
3.To which class belong Kanchans property?
Answers
These are the answers for the questions related to the text about Minakshi and Kanchan:
The particular property possessed by both sisters is Intellectual property.Minakshi's property belongs to the literary and artistic work class.Kanchan's property belongs to the industrial class property.Intellectual propertyThis text about the sisters Minakshi and Kanchal refers to the particular property called Intellectual property, which is a property that includes the creations of the human intellect, everything that was created by the person's mind.
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What's the difference between a checking account and a savings account?
A. A checking account has fewer fees.
B. A savings account comes with a debit card.
C. A savings account earns interest.
D. A checking account comes with a credit card.
Answers
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
a common cognitive bias is , which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.
Answers
A common cognitive bias is escalating commitment, which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.
What is cognitive bias?A cognitive bias can be described as the systematic pattern of deviation which could be a deviation from the norm or rationality in judgment.
It should be noted that Individuals do create their own "subjective reality which do comes from the way they see things, hence common cognitive bias is escalating commitment, which is when decision makers continue to support and invest in a project, even after receiving feedback indicating that it is likely to fail.
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After a bank reconciliation has been completed these transactions are listed as ____ to the cash balance? ? need help taking A p e x quiz now!!! don't have time to be chasing a link!
A. Journal entries
B. Credits
C. Adjustments
D. debits
Answers
Answer:
A
Explanation:
After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.
Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books.
Answer:The answer is C
Explanation:
Just took the test
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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How open market operations work?
Answers
To raise or lower interest rates, the Federal Reserve uses open market operations to buy or sell securities.
What is an open market operations?The purchase and sale of government securities in the open market is known as an Open Market Operation (OMO), hence the name. It is carried out by the central bank of a country (the RBI in India). To inject liquidity into the monetary system, the central bank will purchase government securities on the open market.OMOs are managed by the Trading Desk at the Federal Reserve Bank of New York. The Federal Reserve can only buy and sell a certain number of securities. OMOs are authorized under Section 14 of the Federal Reserve Act.Under inflation targeting, open market operations in the debt markets target a specific short-term interest rate.To learn more about open market refer to :
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