Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 16.III, Problem 15RE
(a)
To determine
To calculate: The average inventory and actual inventory turnover and round off to nearest tenth for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.
(b)
To determine
To calculate: The target average inventory to match the industry for Trophy Master which had net sale of $145,000 and beginning and ending inventory at retail are provided as $36,000 and $40,300 respectively and the published inventory turnover is provided as 4.9 times.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
(c) Show that A is the limit of a decreasing sequence and A, is the limit of an
increasing sequence of sets.
3. Let A (-1, 1-1) for even n, and A, -(+) for odd n. Derive lim sup A,
and lim inf A
1. Let 2 (a, b, c} be the sample space.
the power sot of O
(c) Show that F= {0, 2, {a, b}, {b, c}, {b}} is not a σ-field. Add some elements
to make it a σ-field.
Chapter 16 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 16.I - You are the merchandise manager at Best Buy. The...Ch. 16.I - Prob. 2TIECh. 16.I - Prob. 3TIECh. 16.I - Prob. 4TIECh. 16.I - Prob. 1RECh. 16.I - Prob. 2RECh. 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. 5RECh. 16.I - The following data represent the inventory figures...
Ch. 16.I - 7. Determine the value of the following inventory...Ch. 16.I - 8. Determine the value of the following inventory...Ch. 16.I - Prob. 9RECh. 16.I - BUSINESS DECISION: IN OR OUT? You are the...Ch. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - Prob. 6TIECh. 16.II - Using the retail method, estimate the value of the...Ch. 16.II - 2. Using the retail method, estimate the value of...Ch. 16.II - Prob. 3RECh. 16.II - Prob. 4RECh. 16.II - Omni Fitness Equipment, Inc., maintains a gross...Ch. 16.II - 6. Hirst Electrical Supplies maintains a gross...Ch. 16.II - Prob. 7RECh. 16.II - 8. You are the warehouse manager for Discovery...Ch. 16.II - BUSINESS DECISION: OVER OR UNDER?
9. You own...Ch. 16.III - Exotic Gardens had net sales of $260,700 for the...Ch. 16.III - Prob. 8TIECh. 16.III - Prob. 9TIECh. 16.III - Prob. 1RECh. 16.III - Prob. 2RECh. 16.III - Assuming that all net sales figures are at retail...Ch. 16.III - Prob. 4RECh. 16.III - Prob. 5RECh. 16.III - Prob. 6RECh. 16.III - Prob. 7RECh. 16.III - Prob. 8RECh. 16.III - Prob. 9RECh. 16.III - A Circle K convenience store had net sales of...Ch. 16.III - Prob. 11RECh. 16.III - Prob. 12RECh. 16.III - Prob. 13RECh. 16.III - Prob. 14RECh. 16.III - Prob. 15RECh. 16 - 1. Goods that a company has in its possession at...Ch. 16 - Prob. 2CRCh. 16 - Prob. 3CRCh. 16 - Prob. 4CRCh. 16 - Prob. 5CRCh. 16 - Prob. 6CRCh. 16 - Prob. 7CRCh. 16 - Prob. 8CRCh. 16 - Prob. 9CRCh. 16 - Prob. 10CRCh. 16 - Prob. 11CRCh. 16 - Prob. 12CRCh. 16 - 13. The ideal amount of inventory a company should...Ch. 16 - 14. When the target average inventory is...Ch. 16 - 1. Calculate the total number of Maytag Neptune...Ch. 16 - When the buyer for Southern Distributors (Exercise...Ch. 16 - Prob. 3ATCh. 16 - Prob. 4ATCh. 16 - Prob. 5ATCh. 16 - 6. Using the retail method, estimate the value of...Ch. 16 - Prob. 7ATCh. 16 - Prob. 8ATCh. 16 - Prob. 9ATCh. 16 - Assuming that all net sales figures are at retail...Ch. 16 - Prob. 11ATCh. 16 - A Foot Locker store had net sales of $435,900 for...Ch. 16 - 13. The Fabric Mart had cost of goods sold of...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 5. State without proof the uniqueness theorem of a probability function (arrow_forward2. (a) Define lim sup A,. Explain when an individual element of 2 lies in A* = lim sup A. Answer the same for A, = lim inf A,,.arrow_forward(c) Show that the intersection of any number of a-fields is a g-field. Redefine (A) using this fact.arrow_forward
- (b) For a given sequence A, of subsets of 92, explain when we say that A,, has a limit.arrow_forward1. Let 2 (a, b, c} be the sample space. (b) Construct a a-field containing A = {a, b} and B = {b, c}.arrow_forward2= 1. Let 2 {a, b, c} be the sample space. (a) Write down the power set of 2.arrow_forward
- Theorem: show that XCH) = M(E) M" (6) E + t Mcfic S a Solution of ODE -9CA)- x = ACE) x + g (t) + X (E) - Earrow_forwardExercise 1 Given are the following planes: plane 1: 3x4y+z = 1 0 plane 2: (s, t) = ( 2 ) + ( -2 5 s+ 0 ( 3 t 2 -2 a) Find for both planes the Hessian normal form and for plane 1 in addition the parameter form. b) Use the cross product of the two normal vectors to show that the planes intersect in a line. c) Calculate the intersection line. d) Calculate the intersection angle of the planes. Make a sketch to indicate which angle you are calculating.arrow_forward1. Let 2 (a, b, c)} be the sample space. (a) Write down the power set of 2. (b) Construct a σ-field containing A = {a, b} and B = {b, c}. (c) Show that F= {0, 2, {a, b}, {b, c}, {b}} is not a σ-field. Add some elements to make it a σ-field..arrow_forward
- 13. Let (, F, P) be a probability space and X a function from 2 to R. Explain when X is a random variable.arrow_forward24. A factory produces items from two machines: Machine A and Machine B. Machine A produces 60% of the total items, while Machine B produces 40%. The probability that an item produced by Machine A is defective is P(DIA)=0.03. The probability that an item produced by Machine B is defective is P(D|B)=0.05. (a) What is the probability that a randomly selected product be defective, P(D)? (b) If a randomly selected item from the production line is defective, calculate the probability that it was produced by Machine A, P(A|D).arrow_forward(b) In various places in this module, data on the silver content of coins minted in the reign of the twelfth-century Byzantine king Manuel I Comnenus have been considered. The full dataset is in the Minitab file coins.mwx. The dataset includes, among others, the values of the silver content of nine coins from the first coinage (variable Coin1) and seven from the fourth coinage (variable Coin4) which was produced a number of years later. (For the purposes of this question, you can ignore the variables Coin2 and Coin3.) In particular, in Activity 8 and Exercise 2 of Computer Book B, it was argued that the silver contents in both the first and the fourth coinages can be assumed to be normally distributed. The question of interest is whether there were differences in the silver content of coins minted early and late in Manuel’s reign. You are about to investigate this question using a two-sample t-interval. (i) Using Minitab, find either the sample standard deviations of the two variables…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Elementary Geometry For College Students, 7eGeometryISBN:9781337614085Author:Alexander, Daniel C.; Koeberlein, Geralyn M.Publisher:Cengage,Holt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGAL
Elementary Geometry For College Students, 7e
Geometry
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Cengage,
Holt Mcdougal Larson Pre-algebra: Student Edition...
Algebra
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY