Identify three specific measures that indicate how well assets are utilized. What are the formulas for each measure?
What will be an ideal response?
Percent invested in inventory = (Average inventory investment/Total assets) × 100
Inventory turnover = Cost of goods sold/Average inventory investment
Weeks of supply = Average inventory investment/(Annual cost of goods sold/52 weeks)
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Fill in the blank(s) with correct word
Goods on consignment are goods shipped by their owner, called the consignor, to another party called the consignee. The consignee sells goods for the owner.
Answer the following statement true (T) or false (F)
Management and labor share the labor cost reductions in which of these compensation schemes?
A) bonus system B) quota system C) Gilbreth plan D) Scanlon plan E) measured day work plan
A performance rating error in which the rater is reluctant to give employees either extremely high or extremely low ratings is referred to as a(n)
A. recency error. B. error of central tendency. C. leniency or strictness error. D. halo error.