spotech co.'s budgeted sales and budgeted cost of sales for the coming year are $212,000,000 and $132,500,000 respectively. short-term interest rates are expected to average 5 percent. if spotech could increase inventory turnover from its current 8 times per year to 10 times per year, its expected cost savings in the current year would be explain
Answers
If Spotech Co. increases its inventory turnover from 8 times per year to 10 times per year, it can expect cost savings of $165,625 in the current year.
How to calculate the expected cost savings in the current yearIf Spotech Co. increases its inventory turnover from 8 times to 10 times per year, the expected cost savings can be calculated as follows:
1. First, determine the average inventory value by dividing the budgeted cost of sales by the current inventory turnover:
$132,500,000 / 8 = $16,562,500
2. Next, calculate the interest expense for the current inventory turnover rate at 5%:
$16,562,500 * 0.05 = $828,125
3. Determine the average inventory value with the improved inventory turnover rate of 10 times per year:
$132,500,000 / 10 = $13,250,000
4. Calculate the interest expense for the improved inventory turnover rate at 5%:
$13,250,000 * 0.05 = $662,500
5. Finally, calculate the expected cost savings by subtracting the interest expense with the improved turnover rate from the interest expense with the current turnover rate:
$828,125 - $662,500 = $165,625
Learn more about average inventory at
https://brainly.com/question/28916857
#SPJ11
Related Questions
Answer it please the question is in the pic T_T
Answers
Answer:
Economics:
Explanation:
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
i hope this helped you
47. Indian economy is a mixed economy as it consists of both privately owned and
government owned business enterprises. Therefore, we can classify the Indian economy
into two sectors, viz, Private Sector and Public Sector. In a capitalistic economy, the
private sector is dominating, while in a socialistic economy, the public sector is
dominating. In a mixed economy, both the private sector and public sector go hand in
hand.
. In the light of the above paragraph explain Indian economy?
Answers
Yes, the Indian economy is a mixed economy which consists of two sectors viz, Private Sector and Public Sector.
What is the Indian economy?The economy of India is a mixed middle-income developing social market economy. It is the world's fifth-largest economy by nominal GDP and third-largest economy by purchasing power parity.The essential characteristics of developing economies are overpopulation, extreme poverty or below the poverty line, poor infrastructure, agriculture-based economies, slow pace of capital development, and low per capita income.The Indian economy is characterized by a low real per capita income rate, a high population growth rate, and a high degree of dependence on the primary industry. Covid 19 has had a negative impact on the Indian economy. The Covid pandemic has led to industry shutdowns and subsequent job losses.An economy is a system of interconnected production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole meet the needs of the people who live and work there.to know more about the Indian economy refer to
https://brainly.com/question/16352684
#SPJ1
1. What action should the Federal Open Market Committee (FOMC) take if it
sees signs of inflation rising above 2% and believes inflation will continue to
rise if it takes no action?
2. Explain how the action you suggest will work to control inflation.
Answers
Answer: Governments can use wage and price controls to fight inflation, but that can cause recession and job losses
Explanation: Governments can also employ a contractionary monetary policy to fight inflation by reducing the money supply within an economy via decreased bond prices and increased interest rates.
7. As little as
A. 6
B. 2
C. 15
D. 10
percent of privately owned businesses ever move from the start-up stage to the success stage.
Answers
As little as 6 percent of privately owned businesses ever move from the start-up stage to the success stage. The correct answer would be option A.
More than two thirds of new businesses fail and are unable to provide investors with a profit. There can be many reasons why such a low number of startups become successful. Business founders claim that reasons for failure include running out of money, being in the wrong market, lacking research, poor alliances, inefficient marketing and lacking industry expertise.
Since 2014, several causes of failure have become more common, such as a dearth of market demand. This does not imply that startup ideas are becoming scarce. It illustrates the lack of diversity among founders and investors in terms of culture, geography and socioeconomic status. For example, startups that couldn't adjust to a socially isolated lifestyle were throttled by COVID-19.
To learn more about startups refer:
https://brainly.com/question/25881160
#SPJ9
For each situation, determine the date for which the company recognizes the revenue under accrual-basis accounting.
1. American Airlines collects cash on June 12 from the sale of a ticket to a customer. The flight occurs on August 16.
2. A customer purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the customer on February 2.
3. On March 30, a customer preorders 10 supreme pizzas (without onions) from Pizza Hut for a birthday party. The pizzas are prepared and delivered on April 2. The company receives cash at the time of delivery.
4. A customer pays in advance for a three-month subscription to Sports Illustrated on July 1. Issues are scheduled for delivery each week from July 1 through September 30.
Answers
The date for which the company recognizes the revenue under accrual-basis accounting is :
1. American Airlines collects cash on June 12 from the trade of a ticket to a client. The flight occurs on August 16.
According to addendum account system the profit is honored on August 16.
2. A client purchases sunglasses from Eddie Bauer on January 27 on account. Eddie Bauer receives payment from the client on February 2.
According to addendum account system profit is honored on January 27.
3. On March 30, a clientpre-orders 10 supreme pizzas( without onions) from Pizza Hut for a birthday party. The pizzas are set and delivered on April 2. The company receives cash at the time of delivery.
According to addendum account system profit is honored on April 2.
4. A client pays in advance for a three- month subscription to Sports Illustrated on July 1. Issues are listed for delivery each week from July 1 through September 30.
According to addendum account system profit is honored on an equal yearly rate during July, August and September.
Learn more about revenue under accrual-basis:
https://brainly.com/question/18241738
#SPJ4
If u were signing papers and it asks u "does applicant identity as transgender" what would that mean?
Also what is a social security number?
Answers
Answer:
if u was a boy or a girl and turned in to a man and a boy turned into a girl
a bank card
2 a social security number (SSN) is to basically verify that you live in the USA it come in numbers like 111,111,1111 you get it when you are born USA
I don’t know if other countries do this
Evelyn enjoys drawing. Even though she has never had formal lessons, she is artistically gifted. Her artistic ability can be referred to as a(n) _____.
aptitude
hobby
job
skill
Answers
Answer:
i think its a hobby bc i put skill and it was wrong
Explanation:
Which statements best explains how globalization offers an advantage to businesses
Answers
Answer:
Hello here's the answer!
Explanation:
A
C
D
E
your welcome! Brainliest if you liked the answer!
The stock market represents small businesses. A. True B. False
Answers
I would say the answer is Falsr
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
To know more about Glocalization visit:
https://brainly.com/question/14357896
#SPJ9
The largest component of planned aggregate expenditure is:
A. consumption
B. investment
C. government purchases
D. exports
Answers
Answer:
B. Investment
Explanation:
The word, "Expenditure" means to spend funds, so this act is done for investment
SAMU BED & BREAKFAST (SBB)
Samu is a successful young entrepreneur who
owns many bread & breakfast businesses in
different areas. Samu gives people equal job opportunities without discriminating them
based on age, race and gender. She also values the differences between people and
encourages diversity in the workplace. Some of the SBB employees have disclosed that
they are HIV positive.
1.4.1
Quote from the scenario above TWO ways in which Samu achieves inclusivity in
the workplace.
(2
1.4.2
Outline any THREE purposes of inclusivity in the workplace.
(3
1.4.3 Advise Samu on the negative impact of HIV/Aids in the workplace.
(5
Answers
Explanation:
1. Samu achieves inclusivity by giving people equal opportunity without discrimination at the workplace, she also also encourages diversity in the work place as this helps foster unity amongst the employees.
2. Inclusion produces happier employees, who are more committed to their work because they know they are been appreciated.
Productivity increases.
Improved problem solving.
3. HIV and AIDS has a huge impact on the world of work place as it reduces the supply of labour and available skills, it also increase labour costs, reduces productivity, it’s a threat to the livelihoods of workers and employers, and it also creates an environments which destroys the rights of workers.
13. What is the best way to use in separating iron parts from a mixture?
A. Filter paper
Answers
Answer:
I think the bottom of test tube
Answer:
down below
Explanation:
For example, iron filings can be removed from a mixture using a magnet. Liquid blood can be separated from red blood cells using a centrifuge. A centrifuge spins the test tube very fast, forcing the heavier parts of the mixture to the bottom of the test tube! Separate a Mixture
Wrap a magnet in plastic lunch wrap and move it through the mixture of the three solids. The iron filings will stick to the magnet. The filings can be removed by unwrapping the plastic from the magnet carefully!
Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. Banks typically loan out a portion of customer deposits. Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.
Answers
Answer:
false
true
true
true
false
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Fractional banking is practiced in the US
Bank run is when depositors withdraw their monies from the bank due to fear of the bank failing.
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
Daniel has been working hard all year and just received a bonus check from his employer. Rather than spend
it now, Daniel stores all his money in a high-yield savings account because he is planning to buy a boat in
the future. Daniel is using money as a
a: store of value
b: medium of exchange
c: source of inflation
d: unit of account
Answers
Answer:
Store of Value.
Explanation:
Money will successfully function as a store of value when it’s easy to store and it can reliably hold its value over time.
yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Answers
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
A similar question was answered here: https://brainly.com/question/19715580?referrer=searchResults
Which of the following is a disadvantage of a market economy?
A. It sustains a high degree of uncertainty.
B. It restricts personal freedom.
C. It discourages creativity and new ideas for doing things.
D. It does not allocate resources as efficiently as other types of economies.
Answers
In a market economy, there can be a high degree of uncertainty due to competition and fluctuations in production. Although market economies are typically associated with economic freedom and innovation, and, contrary to the options presented, are often considered efficient in resource allocation.
Explanation:An element of a Market Economy can indeed create a high degree of uncertainty. Since decisions about production and prices are made by businesses based on the demand and supply, nobody can predict with certainty what decision a business might take next. This can lead to increased competition, production fluctuations and often to individuals and businesses taking high risks, which ultimately increases uncertainty.
So, the disadvantages of a market economy include it sustaining a high degree of uncertainty (option A). The market economy does not necessarily restrict personal freedom (option B), in fact, it's usually associated with a high degree of personal and economic freedom. Nor does it discourage creativity and new ideas (option C), as competition within a market economy often encourages innovation. Lastly, it is in fact usually considered to efficiently allocate resources through the forces of supply and demand (option D).
Learn more about Market Economy here:https://brainly.com/question/33084757
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Answers
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
Learn more about tax form I-134 here:
https://brainly.com/question/21882275
#SPJ1
a victim of phishing would most likely be contacted in which form of these ways?
Answers
Answer:
If you got a phishing email, forward it to the Anti-Phishing Working Group at If you got a phishing text message, forward it to SPAM (7726). Step 2.
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
15 POINTS
Describe the steps of the check clearing process.
Answers
Managing the international environment (Connect, Perform) Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of? O Franchising Licensing O Exporting Importing Disney invested approximately $4 billion to construct a Disney theme park and resort near Shanghai, China.
Answers
In the given situation international business is an example of the (B) licensing business.
What is licensing business?A business arrangement whereby one firm authorizes another company to produce its goods in exchange for a certain fee.
Leasing out your patents, trademarks, copyrights, designs, and other intellectual property to third parties is one of the fastest and most profitable methods to expand your firm.
Normally, a company's economic activity and physical location (address) decide whether licenses are required to operate lawfully.
The number of employees and the type of organization, such as sole proprietorship or corporation, may also be deciding considerations.
A company operating without the necessary business permits may be fined or shut down by government organizations.
Therefore, in the given situation international business is an example of the (B) licensing business.
Know more about the licensing business here:
https://brainly.com/question/28457299
#SPJ4
Correct question:
Kirin Brewery, Japan's largest producer of beer, allows the Charles Wells Brewery in England to manufacture beer to Kirin's specifications and market the beer as Kirin Beer. Kirin Brewery earns a royalty on the beer sold in England. What type of international business is this an example of?
A. Franchising
B. Licensing
C. Exporting
D. Importing
Which intervention to manage a wandering client in a long-term care facility should be implemented? (select all that apply.)
Answers
Interventions to manage a wandering in patients in a long-term care facility that should be implemented are:
Camouflaging doorwaysClose observation to identify the person's individual patternsEngaging the person in social interactionsProviding enclosed pathways for walkingWhat is wandering?It is the ability of a patient to walk without needing assistance from others, which is important for the body's recovery after a medical procedure such as surgery. It is extremely necessary that there are safety methods so that ambulation occurs in a safe way for the patient, through interventions that promote effective and managed ambulation.
Therefore, environmental modifications can mean significant changes for faster recovery, promoting social interaction, mental health, safety and support for the patient's needs.
Find out more about ambulation here:
https://brainly.com/question/1402686
#SPJ1
employee self-service (ess) lets employees view and edit their skills (qualifications) profiles
Answers
Employee self-service (ESS) is a system that allows employees to view and edit their personal information, payroll and benefits information, and other relevant information related to their employment.
Skills (qualifications) profiles are one type of information that employees may be able to view and edit through an ESS system. Skills profiles typically include information about an employee's education, work experience, and other relevant qualifications that relate to their job. These profiles may be used to help employees identify areas for professional development, to track their progress over time, and to demonstrate their qualifications to potential employers or other stakeholders.
By allowing employees to view and edit their own skills profiles, an ESS system can help to promote employee engagement, improve the accuracy of job descriptions and performance evaluations, and enhance the overall effectiveness of the HR function.
Learn more about Employee visit: brainly.com/question/27404382
#SPJ4
A __________ processing system is the basic business system that serves the operational level (analysts) and assists in making structured decisions?
Answers
Answer:
operating? ndnd
Explanation:
Explain the difference between uninsured and underinsured.
Answers
Which of the following is not a basic right of ownership include in " bundle of rights"?
Answers
True or False: Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.
Answers
True. Product categorization assists marketers in determining which techniques and approaches will best promote a company's product or service. Marketers may acquire a better knowledge.
of each product and its market potential by categorizing them based on its qualities, features, advantages, and target audience. This data may then be utilized to create effective marketing plans and select the best channels and approaches for reaching out to and engaging potential clients. If a product is classed as a luxury item, the marketer may opt to target wealthy clients through high-end retail establishments, high-end periodicals, and exclusive events. If, on the other hand, a product is designated as a low-cost item, the marketer may opt to target low-cost clients through discount outlets.
learn more about product here:
https://brainly.com/question/22852400
#SPJ4
Which is a good rule to follow when sending business emails? (1 point)
Answers
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
Learn more about the emails, refer to:
https://brainly.com/question/14666241
#SPJ2
10. A plan of action or policy designed to achieve a major or overall aim.
Answers
A strategy is a plan of action or policy designed to achieve a major or overall aim. It involves setting goals, identifying resources, and determining the steps needed to reach the desired outcome.
The strategy may involve multiple tactics or approaches, but the overall focus is on achieving a specific goal or objective. A strategy is a key tool used in business, government, and other organizations to achieve their goals and objectives. It allows for a structured approach to problem-solving and decision-making, ensuring that resources are used effectively and efficiently. Developing a strong strategy requires careful analysis of the situation, understanding of the desired outcome, and consideration of potential obstacles or challenges.
Strategies are typically developed in response to specific challenges or opportunities and are used to guide decision-making processes.
To Know more about potential obstacles
https://brainly.com/question/30845492
#SPJ11