Contemporary Mathematics for Business & Consumers

8th Edition

ISBN: 9781305886803

Author: Brechner

Publisher: Cengage

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 16, Problem 12AT

A Foot Locker store had net sales of $435,900 for the year. The beginning inventory at retail was $187,600. and the ending inventory at retail was $158,800.

a. What is the average inventory at retail?

b. What is the inventory turnover rounded to the nearest tenth?

c. If the turnover rale for similar-sized competitors is 3.8 times, calculate the target average inventory needed to theoretically come up to industry standards.

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Chapter 16, Problem 11AT

Chapter 16, Problem 13AT

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Chapter 16 Solutions

Contemporary Mathematics for Business & Consumers

Ch. 16.I - You are the merchandise manager at Best Buy. The...Ch. 16.I - Prob. 2TIE Ch. 16.I - Prob. 3TIE Ch. 16.I - Prob. 4TIE Ch. 16.I - Prob. 1RE Ch. 16.I - Prob. 2RE Ch. 16.I - 3. Calculate the total number of units available...Ch. 16.I - When the merchandise manager of Advance Auto Parts...Ch. 16.I - Prob. 5RE Ch. 16.I - The following data represent the inventory figures...

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Solution Summary: The author calculates the average inventory at retail of a Foot Locker store.

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