Concept explainers
Stock Turnover at Retail In retail sales, an important marker of retail activity is the stock turnover at retail. This figure is calculated for a specific period of time as the total net sales divided by the retail value of the average stock during that time, where both are measured in dollars. As a formula, this is written
This formula expresses stock turnover as a function of net sales and average stock at retail.
a. Suppose that your store had net sales of $682, 000 in men’s shoes over the past six months and that the retail value of the average stock of men’s shoes was $163, 000. What was the stock turnover at retail for that time period?
b. Suppose that in a certain month, your store’s net sales of women’s dresses were $83, 000 and that the usual stock turnover at retail is 0.8 per month. What do you estimate to be your store’s average stock at retail?
c. Solve the equation for average stock at retail- that is, write a formula giving average stock at retail as a function of stock turnover and net sales.
d. Suppose that in a certain time period, your store had an average stock of socks with a retail value of $45, 000 and a stock turnover at retail of 1.6. What were the store’s net sales of socks during that time period?
e. Solve the equation for net sales- that is, write a formula giving net sales as a function of stock turnover and average stock at retail.
Want to see the full answer?
Check out a sample textbook solutionChapter 2 Solutions
EBK FUNCTIONS AND CHANGE: A MODELING AP
Additional Math Textbook Solutions
A First Course in Probability (10th Edition)
Elementary & Intermediate Algebra
College Algebra (Collegiate Math)
Elementary Statistics (13th Edition)
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
College Algebra with Modeling & Visualization (5th Edition)
- 3. Let M = (a) - (b) 2 −1 1 -1 2 7 4 -22 Find a basis for Col(M). Find a basis for Null(M).arrow_forwardSchoology X 1. IXL-Write a system of X Project Check #5 | Schx Thomas Edison essay, x Untitled presentation ixl.com/math/algebra-1/write-a-system-of-equations-given-a-graph d.net bookmarks Play Gimkit! - Enter... Imported Imported (1) Thomas Edison Inv... ◄›) What system of equations does the graph show? -8 -6 -4 -2 y 8 LO 6 4 2 -2 -4 -6 -8. 2 4 6 8 Write the equations in slope-intercept form. Simplify any fractions. y = y = = 00 S olo 20arrow_forwardEXERCICE 2: 6.5 points Le plan complexe est rapporté à un repère orthonormé (O, u, v ).Soit [0,[. 1/a. Résoudre dans l'équation (E₁): z2-2z+2 = 0. Ecrire les solutions sous forme exponentielle. I b. En déduire les solutions de l'équation (E2): z6-2 z³ + 2 = 0. 1-2 2/ Résoudre dans C l'équation (E): z² - 2z+1+e2i0 = 0. Ecrire les solutions sous forme exponentielle. 3/ On considère les points A, B et C d'affixes respectives: ZA = 1 + ie 10, zB = 1-ie 10 et zc = 2. a. Déterminer l'ensemble EA décrit par le point A lorsque e varie sur [0, 1. b. Calculer l'affixe du milieu K du segment [AB]. C. Déduire l'ensemble EB décrit par le point B lorsque varie sur [0,¹ [. d. Montrer que OACB est un parallelogramme. e. Donner une mesure de l'angle orienté (OA, OB) puis déterminer pour que OACB soit un carré.arrow_forward
- 2 Use grouping to factor: 10x + 13x + 3 = 0 Identify A B and C in the chart below feach responce inarrow_forward2 Use grouping to factor: 10x² + 13x + 3 = 0 Identify A, B, and C in the chart below. (each rearrow_forward2 Use grouping to factor: 10x + 13x + 3 = 0 Identify A B and C in the chart below feach responce inarrow_forward
- Use grouping to fully factor: x³ + 3x² - 16x - 48 = 0 3 2arrow_forwardName: Tay Jones Level Two Date: Algebra 3 Unit 3: Functions and Equations Practice Assessment Class: #7-OneNote 1. The function f(x) = x² is transformed in the following functions. List the vertex for each function, circle whether the function opens up or down, and why. All three parts must be correct to receive Level 2 points. You can receive points for a, b, and c. a) g(x) = -2(x+5)² Vertex: Opens Up Opens Down Why? ais negative -2 Vertex: b) g(x) = (x + 2)² - 3 c) g(x) = -4(x + 2)² + 2 Opens Up Opens Down Vertex: Opens Up Opens Down Why? 4 Ca is negative) Why? his positive 2. The graph of the function f(x) is shown below. Find the domain, range, and end behavior. Then list the values of x for which the function values are increasing and decreasing. f(x) Domain: End Behavior: As x → ∞o, f(x) -> -6 As x, f(x) -> Range: Where is it Increasing? (002] Where is it Decreasing? (1,00)arrow_forwardShow what to do on the graph visually please!arrow_forward
- The county's new asphalt paving machine can surface 1 km of highway in 10 h. A much older machine can surface 1 km in 18 h. How long will it take them to surface 21 km of highway if they start at opposite ends and work day and night?arrow_forward3. Write a system of linear equations in slope intercept form that has exactly one solution at the point (3, 4), such that one line has positive slope (but not 1) and the other line has negative slope (but not "1). Also write your system of equations with both equations written in standard form with out any fractions 8- 7 8 5 4 3 -2- + -8-7-6-5-4-3-2-1 1 2 3 -1 2 - ° 4 -5 - -8arrow_forward2. Write a system of linear equations in slope-intercept form has exactly one solution at the point (3, 4), such that both lines have negative slope (but neither one has slope of 1). Also write your system of equations with both equations written in standard form without any fractions. B 0 5 4 3 -2 1 -8-7-6-5-4-3-2 -1 12 3 -1 2 -3 -5 6 -7 -8arrow_forward
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillTrigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning