Which of the following is the correct formula to calculate inventory turnover?
A) Inventory turnover = Cost of goods sold / Average merchandise inventory
B) Inventory turnover = Cost of goods sold × Average merchandise inventory
C) Inventory turnover = Cost of goods sold + Average merchandise inventory
D) Inventory turnover = Cost of goods sold - Average merchandise inventory
A) Inventory turnover = Cost of goods sold / Average merchandise inventory
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Discuss why the effective business communicator should vary sentence and paragraph length
Burger World is a major fast food chain and it bought its coffee from Koffee Inc Jake is a salesman for Java Inc Lisa works for Burger World and is in charge of purchasing supplies such as coffee
Jake offers Lisa $250,000 if she will stop buying coffee from Koffee Inc and purchase coffee from Java Inc Lisa agrees and stops buying from Koffee and purchases only Java Inc coffee. Koffee Inc is very upset at losing the Burger World account as it sold over $7 million in coffee each year to Burger World. If Koffee Inc discovers this agreement between Lisa and Jake, Koffee Inc can A) do nothing as Burger World can buy products from any supplier it wants B) successfully sue Lisa for passing off C) successfully sue Burger World for misuse of confidential information D) successfully sue Lisa and Jake for intentional interference with economic relations E) successfully sue Lisa and Jake for conversion
When a securities professional buys and sells excessive amounts of stock for a client's account to make extra-large commissions from the trades, she is:
a. kiting b. insider trading c. dealing d. scalping e. none of the other choices
Case-Based Critical Thinking QuestionsCase 5-3Mariah is getting used to having a cell phone. This first month she was surprised by several extra charges on her bill, and called her cell phone service provider.The second fee, explained the customer service agent, was because Mariah made calls when she was located outside the carrier's coverage area. This appeared as ____ on Mariah's invoice.
A. roaming fees B. additional minutes fees C. rollover fees D. data usage fees