wooden goods, inc. (wgi) makes custom wooden furniture for outdoor seating. last year, wgi turned their inventory 4.8 times and had a cost of goods sold of $2.7 million. assume 52 business weeks per year. express last year's average inventory in weeks of supply. (enter your response rounded to one decimal place)

Answers

Answer 1

The average inventory in weeks of supply is 10.8 weeks.

Calculation of average inventory in weeks of supply:

Inventory turnover ratio = 4.8

Cost of goods sold (COGS) = $2.7 million

Business weeks per year = 52 weeks

Average inventory can be calculated using the formula:

Average inventory = COGS / Inventory turnover ratio

We have COGS and inventory turnover ratio.

Let's put the given values in the formula,

[tex]Average inventory = $2,700,000 / 4.8= $562,500[/tex]

The problem statement asks us to find the average inventory in weeks of supply, which is calculated as:

[tex]Average inventory in weeks of supply = (Average inventory / COGS) * Weeks per year\\Average inventory in weeks of supply = ($562,500 / $2,700,000) * 52\\Average inventory in weeks of supply = 0.20833 * 52= 10.83 weeks\\[/tex]

Rounding off the answer to one decimal place, we get the average inventory in weeks of supply is 10.8 weeks.

Learn more about average inventory here:

https://brainly.com/question/28316183

#SPJ11


Related Questions

The single most important idea the company hopes to convey to its target audience about a product is the O promotional mix marketing mix O core message call to action O media mix

Answers

The single maximum critical concept the employer hopes to bring to its target audience approximately a product is the core message



In media, the target audience refers back to the man or woman or institution for whom a message is created. a few messages, like personal email or thank-you notes, goal just one person. In truth, you could frequently decide the target market of mainstream media by means of inspecting their commercial content material.an excellent promotional mix lets in you to are seeking out leads through the maximum appropriate channels, enabling involved clients to speak along with your enterprise. The promotional mix is an crucial tool in nurturing relationships with income leads and an current target market base.

To recognize more approximately promotional mix click on here
brainly.com/question/24180792
#SPJ4

All of the following are ways to avoid injuries when working on computers except ________. So you are looking up at it ensuring proper lighting taking breaks purchasing an adjustable chair

Answers

Option a: All of the following are ways to avoid injuries when working on computers EXCEPT placing a monitor 12" from the eye.

When we talk about computer-related injuries, we mean any type of aches, pains, aches, pains, or syndromes resulting from computer use. In addition to repeated injuries, this includes conditions caused by poor workplace design, improper posture, and uncomfortable furniture.

To make matters worse, computer-related injury statistics show that the problem is becoming more common. Musculoskeletal disorders alone affect 1.8 million workers and incapacitate 600,000.

Computer-related injuries at work come in many forms. They can take the form of muscle spasms, strains, sprains, headaches, and joint pain.

To learn more about injuries related to computer, here:

https://brainly.com/question/15351435

#SPJ4

Complete question:

All of the following are ways to avoid injuries while working on computers except ______.

(a) placing a monitor atleast 12 inches from the eyes

(b) purchasing an adjustable chair

(c) ensuring proper lightening

(d) taking breaks

for good internal control over purchase transactions, purchases should be documented by a purchase requisition by the department needing the goods. group startstrue or false

Answers

The statement that 'for good internal control over purchase transactions, purchases should be documented by a purchase requisition by the department needing the goods' is true as it ensure proper monitoring of approval and procurement process.

A purchase requisition, also known as a purchase order, is important because it serves as a written request or formal authorization for the purchase of goods or services. It includes details such as the goods or services being requested, the quantity, the delivery date, and the estimated cost. It serves as the foundation for the entire purchasing process, ensuring that purchases are made according to company policy and procedures.

It can be sent internally within a company from one department to another, or from an external supplier. It aids in the management of procurement, allowing for appropriate monitoring, and reduces the risk of misappropriation of funds or other types of fraud.

Therefore, to maintain good internal control over purchase transactions, purchases must be documented by a purchase requisition by the department needing the goods. This helps to ensure that purchases are approved, verified, and authorized by the appropriate parties, as well as to ensure that the goods or services are properly obtained and used for their intended purpose.

Learn more about Internal control:

https://brainly.com/question/26398073

#SPJ11

Remember, the database models the business T'iny Clothes Write and submit RSQLite queries to answer the following questions and queries about 'Tiny Clothes' names of all the employees at Tiny Clothes. find the names of all the employees at 'tiny clothes'. (return names only) 4. retrieve all the distinct employee names of employees at 'tiny clothes'

Answers

To retrieve all the distinct employee names of employees at 'tiny clothes,' the following RSQLite query can be used:SELECT DISTINCT employee_nameFROM tiny_clothes

To extract the names of all the employees at 'tiny clothes' from the database, the following RSQLite query can be used:SELECT employee_nameFROM tiny_clothes;This query will retrieve the names of all employees present in the tiny_clothes table. However, it will return duplicate entries for an employee name if an employee has multiple entries in the table.To eliminate duplicate entries, the DISTINCT keyword can be added to the query. This keyword instructs the database to return only the unique values in the specified column. So, the following query can be used to extract all the distinct employee names from the tiny_clothes table:SELECT DISTINCT employee_nameFROM tiny_clothes;This query will return only the unique employee names and eliminate any duplicates.

for more questions on Query

https://brainly.com/question/11869045

#SPJ11

which one of the following statements is true? multiple choice a. financing projects can only ever have one irr. b. discounted payback is a better method than payback and is more frequently used in practice. c. payback uses the same discount rate as that applied in the npv calculation. d. you must know the discount rate to compute the npv but you can compute the irr without having a discount rate. e. you must have a discount rate to compute, npv, irr, pi, and discounted payback.

Answers

The correct answer is D. You must know the discount rate to compute the NPV, but you can compute the IRR without having a discount rate.

Net Present Value (NPV) is the value of all cash flows, both incoming and outgoing, in present day dollars. In order to calculate the NPV of a project, you need to know the discount rate. The discount rate is the cost of capital and is used to determine the present value of future cash flows. The discount rate is used to calculate the discount factors and the net present value.

Internal Rate of Return (IRR) is a financial measure that is used to compare the expected returns of different investments. It is calculated by determining the interest rate at which the net present value of all cash flows, both incoming and outgoing, is equal to zero. Unlike NPV, you do not need to know the discount rate to calculate IRR, as IRR is determined by trial and error.

Payback Period is the amount of time it takes for a project to earn back its initial cost. Payback period is a simple method that is easy to understand, but it does not take into account the time value of money, which makes it an unreliable measure of a project's returns.

Discounted Payback is a variation of the payback period that takes into account the time value of money. It calculates the discounted present value of all cash flows, both incoming and outgoing, and determines the time period in which the initial cost is recovered. It is a better measure of the returns of a project than the simple payback period, and is more frequently used in practice.

Profitability Index (PI) is a financial measure that is used to determine the overall profitability of a project. It is calculated by dividing the present value of all future cash flows, both incoming and outgoing, by the initial investment of the project. The discount rate must be known in order to calculate the profitability index.

In summary, you must know the discount rate to calculate the NPV, profitability index, and discounted payback period, but you can calculate the internal rate of return without knowing the discount rate.

To know more about  Net Present Value (NPV) refer here :

https://brainly.com/question/30404848

#SPJ11

ant160 1. how did the new federal housing administration (fha) change down payment requirements and loan terms for home mortgages? what effect did this have on home buying in america?

Answers

This allowed more people to become eligible for a mortgage and increased access to homeownership for many people. As a result, it significantly increased home buying in America.

how did the new FHA change down payment requirements and loan terms for home mortgages?

The New Federal Housing Administration modified down payment requirements and loan terms for home mortgages, which affected home purchasing in America.

The FHA changed down payment requirements and loan terms for home mortgages as follows:

1. FHA-backed loans allowed a much lower down payment than the standard 50 per cent requirement of traditional lenders. This made it easier for first-time buyers to get into the housing market.

2. The FHA also lowered interest rates on mortgages, making them more attractive to potential homeowners.

3. The length of mortgage loans was increased from five years to 15 years, making monthly payments more affordable for homebuyers.

4. The FHA insurance plan covered mortgage payments in the event of a borrower's death or disability, ensuring that their families would not be left with a financial burden if the worst occurred.

Learn more about federal housing administration here:

brainly.com/question/28581411

#SPJ11

Which of the following is not an example of next-generation enterprise applications?A) open-source solutionsB) on-demand solutionsC) solutions incorporating SCMD) solutions incorporating SOA

Answers

Solutions incorporating SCM are not an example of next-generation enterprise applications. SCM stands for supply chain management. Option C is the correct answer.

What are enterprise applications?

Enterprise applications are software programs or packages that support and automate business processes used by organizations.

The following are some examples of next-generation enterprise applications:

a) Open-source solutions - are types of software whose source code is publicly available, which allows users to access, use, and modify it without needing permission.

b) On-demand solutions - a model for providing a software service where software is hosted on a vendor's servers and is delivered to clients via the internet on a subscription basis.

c) Solutions incorporating SOA - SOA stands for Service Oriented Architecture. It is an architectural approach that enables the development of applications in a distributed and flexible environment. It can be used to develop applications that are capable of running across different platforms, operating systems, and programming languages.

d) Solutions incorporating SCM - SCM stands for Supply Chain Management. It is a software solution that provides real-time visibility into the supply chain, automates the flow of goods and services, and optimizes inventory management, among other things.

Thus, from the given options, option C, solutions incorporating SCM are not an example of next-generation enterprise applications.

Learn more about supply chain management at https://brainly.com/question/15217906

#SPJ11

financial intermediaries such as banks typically have assets that are riskier than their liabilities. true or false?

Answers

This statement is generally true. Financial intermediaries, such as banks, typically have assets that are riskier than their liabilities.

Banks and other financial intermediaries engage in what is known as "maturity transformation," which means that they borrow funds from short-term depositors and lend those funds out to borrowers for longer-term investments. This creates a mismatch between the maturities of their assets and liabilities, which can result in different degrees of risk.

For example, a bank may have issued long-term loans to borrowers, while its liabilities consist mostly of short-term deposits from customers. In this case, the bank's assets are riskier because they are subject to potential losses from defaults or market fluctuations over the longer-term horizon, while its liabilities are less risky because they can be rolled over or renewed more frequently.

To manage the risk of their asset portfolios, financial intermediaries use a variety of tools such as diversification, risk management techniques, and regulatory requirements to ensure that they have adequate capital to absorb potential losses. However, despite these risk management practices, financial intermediaries still face the risk that their asset portfolios will generate losses that exceed their available capital, which could lead to insolvency or financial crisis.

Learn more about capital here brainly.com/question/29052534

#SPJ4

The _______ approach involves collecting performance information not just from the supervisor but from anyone else who might have firsthand knowledge about the employee's performance behaviors.

Answers

The 360-degree feedback approach involves collecting performance information not just from the supervisor but from anyone else who might have firsthand knowledge about the employee's performance behaviors.

What is 360-degree feedback?

A 360-degree feedback program, also known as a multi-rater is a feedback approach that collects performance information not just from the supervisor but from anyone else who might have first hand knowledge about the employee's performance behaviors.

The feedback is given from all angles by using a variety of sources that an employee can trust, including peers, subordinates, and supervisors. The feedback is focused on the skills and behaviors that are critical to the company's success.

The employees are often given a written report on their performance, and they are also provided with feedback and suggestions for improvement.

Learn more 360-degree feedback here:

brainly.com/question/17011260

#SPJ11

There are a number of factors that must be considered when determining the correct cutting speed and feed rate, including the ____.

Answers

When determining the correct cutting speed and feed rate, we need to consider the lathe's condition, material machine and cutting tools.

There are many variables that need to be taken into consideration when determining the correct cutting speed and feed rate. Some of the main variables include the condition of the lathe, material of the machine being worked, and the type of cutting tools being used.

Lathe's condition: Lathe condition is critical in the machining process. A machine in good working condition should be used, because a worn-out lathe could lead to unexpected results.

Material machine: The material of the machine being worked should also be considered when determining the cutting speed and feed rate. It is critical to use the appropriate cutting tools for the particular material in order to get the desired results

Cutting tools: The type of cutting tool being used should also be taken into account. Different cutting tools may require various speeds and feed rates in order to get the desired results.Thus, Lathe's condition, Material machine and cutting tools are some of the factors that should be considered while determining the right cutting speed and feed rate.

More about Lathe:

https://brainly.com/question/19317303?

#SPJ11

rank the following types of mortgages by amount outstanding from largest to smallest. i. home mortgages ii. multifamily mortgages iii. farm mortgages iv. commercial mortgages

Answers

Ranking of mortgages by amount outstanding from largest to smallest: Home mortgages, commercial mortgages, multifamily mortgages, and farm mortgages.

What is a mortgage?

A mortgage is a legal agreement in which a bank or other creditor lends money at interest in exchange for taking possession of the title to the debtor's property until the debt is paid off. When the debt is paid off, the title is returned to the borrower.

What is a home mortgage?

A home mortgage is a type of mortgage that is used to purchase or refinance a single-family residential property. Home mortgages are usually offered by banks and other financial institutions. The terms of a home mortgage can vary depending on the lender and the borrower's credit history and income.

What is a commercial mortgage?

A commercial mortgage is a mortgage secured on a commercial property, such as a retail premises, office building, industrial warehouse, or apartment complex. When compared to residential mortgages, commercial mortgages are typically more expensive because of the risks involved. This is because a commercial mortgage is used to fund the purchase of commercial property, which is usually more expensive than a residential property.

What is a multifamily mortgage?

A multifamily mortgage is a type of mortgage that is used to purchase or refinance a multi-unit residential property, such as an apartment building or a townhouse complex. These types of properties are usually owned by a landlord and rented out to tenants. Multifamily mortgages are usually offered by banks and other financial institutions.

What is a farm mortgage?

A farm mortgage is a type of mortgage that is used to purchase or refinance a farm property. Farm mortgages are usually offered by banks and other financial institutions. The terms of a farm mortgage can vary depending on the lender and the borrower's credit history and income.

Learn more about Mortgage at https://brainly.com/question/8084409

SPJ4

eac nutrition offers a 9.5-percent coupon bond with annual payments maturing 11 years from today. your required return is 11.2 percent. what price are you willing to pay for this bond if the face (or par) value is $1,000?

Answers

If your required return is 11.2 percent, you would be willing to pay $631.19 for this bond.

To calculate the price you are willing to pay for the bond, you need to determine the present value of the bond's future cash flows.

First, calculate the annual coupon payment as a percentage of the face value:

Coupon payment = 9.5% x $1,000 = $95

Next, calculate the number of periods (i.e. years) and the discount rate per period:

Number of periods = 11

Discount rate per period = 11.2% / 1 = 11.2%

Then, use the present value formula to calculate the present value of the bond:

PV = [C / (1 + r)ⁿ] + [F / (1 + r)ⁿ]

Where:

PV = present value

C = coupon payment

r = discount rate per period

n = number of periods

F = face value

Substituting the given values:

PV = [$95 / (1 + 0.112)] + [$1,000 / (1 + 0.112)¹¹]

PV = $631.19

The amount you would be willing to pay = $631.19.

Learn more about bond here:

https://brainly.com/question/26712131

#SPJ11

can the company use the candidates’ social media websites to determine who they wish to hire?

Answers

Companies can use social media to learn more about job candidates, it's important to do so carefully, ethically, and with a critical eye toward the reliability and relevance of the information obtained.

In general, yes, companies can use social media to learn more about job candidates. However, there are some important considerations to keep in mind. Firstly, it's important to note that the use of social media in hiring decisions can be controversial and raises questions about privacy and discrimination.

Employers need to be careful to avoid making decisions based on information that could be considered discriminatory, such as race, religion, or disability status.

Secondly, it's important to consider the reliability and accuracy of information found on social media. Not everything posted online is necessarily true or reliable, and it's possible for employers to be misled or make incorrect assumptions based on what they find.

Finally, it's important to obtain candidate consent before conducting any social media research and to ensure that any information gathered is relevant to the job in question.

To learn more about job candidates

https://brainly.com/question/12199256

#SPJ4

what two companies were in charge of building the railroad?

Answers

The two companies primarily responsible for building the transcontinental railroad in the United States were the Central Pacific Railroad, built the “Big Four”:

Collis Huntington, Leland Stanford, Mark Hopkins, Charles Crocker, and the Union Pacific Railroad, were built by Thomas Durant, Grenville Dodge, and their associates.

The Central Pacific Railroad built buildings eastward from Sacramento, California, and the Union Pacific Railroad built buildings westward from Omaha, Nebraska. The two firms collaborated.

The first transcontinental railroad in the United States was finished in 1869 at the meeting of the two firms near Promontory Peak, Utah, after a number of difficulties.

A significant engineering achievement, the railroad's construction opened up new commercial, transport, and communication opportunities between the US coasts.

To know more about transcontinental railroad,

https://brainly.com/question/30720598

#SPJ4

just-in-time production requirements has been proposed. Users want access to current master file information at all times. To satisfy user needs, master file changes should be implemented with:A. Periodic entry with subsequent batch processingB. Periodic entry with immediate batch processingC. Online entry with subsequent batch processing.D. Online entry with immediate processing

Answers

To satisfy user needs, master file changes should be implemented with online entry with immediate processing. Therefore, correct answer is option D.

In a new purchasing system has been proposed for JIT (Just-in-Time) production requirements users want access to the current master file information at all times. A master file is a file that contains essential information about the business. For instance, information about customers, suppliers, and inventories.

To satisfy user needs, master file changes should be implemented with online entry with immediate processing. This means that when a master file change is made, it is immediately entered into the system, and the processing is completed without any delay.

Hence, through online entry with immediate processing an immediate response can be received if the data is entered online. It allows changes to be made to the file without any delay. It is done automatically, allowing quick updates to be made. This will improve user satisfaction and reduce the workload on the staff. Hence, the correct option is D. Online entry with immediate processing.

Note: The question is incomplete. The complete question probably is: A new purchasing system for JIT production requirements has been proposed. Users want access to current master file information at all times. To satisfy user needs, master file changes should be implemented with: A. Periodic entry with subsequent batch processing B. Periodic entry with immediate batch processing C. Online entry with subsequent batch processing. D. Online entry with immediate processing

Learn more about Just-in-Time:

https://brainly.com/question/29995899

#SPJ11

Question 3 (Mandatory) (1 point) Assume stock xyz has a beta of 1.5 and a residual standard deviation of 30%. The standard deviation of the market-index portfolio is 20%. What would have a greater impact on xyz's variance: an increase of 0.15 in its beta or an increase of 3 percentage points (from 30 to 33%) in its residual standard deviation? the increase in its beta the increase in its standard deviation both would have the same impact O can't be determined without knowing xyz's alpha

Answers

The increase in stock XYZ's beta would have a greater impact on its variance than the increase in its residual standard deviation.

Both of the following options would have an impact on XYZ's variance:

The increase in its beta

The increase in its standard deviation

It is a common misconception to assume that only changes in beta have an effect on the stock's variance.

However, since the stock's variance is a combination of systematic and unsystematic risk, the change in the standard deviation of residual risk will have an impact on the stock's variance.

An increase in the standard deviation of 3% would result in an increase in the unsystematic risk component of XYZ's variance, resulting in an overall increase in its variance.

On the other hand, an increase of 0.15 in beta would result in an increase in the systematic risk component of XYZ's variance, resulting in an overall increase in its variance as well.

Learn more about variance here:

https://brainly.com/question/9304306

#SPJ11

When household debt levels rise:
a. the ability to get more credit rises.
b. families are less able to spend in the current period.
c. investment levels rise.
d. tax payments will be higher.
e. none of the above

Answers

When household debt levels rise, families are less able to spend in the current period. Option B.

What is debt?

Debt is an amount of money owed by one person, organization, or country to another. Debt may have been incurred as a result of borrowing money, as in the case of credit cards, mortgages, or personal loans, or as a result of a trade or service received, such as unpaid bills or taxes that are due.

What is household debt?

Household debt is the total amount of money owed by households or consumers in a particular country or area. Household debt includes all types of consumer loans and mortgages. The rise in household debt is one of the primary causes of economic recession.

However, when the amount of household debt increases, it can lead to a decrease in consumer spending as households struggle to pay back their loans and interest charges.

In conclusion, when household debt levels rise, families are less able to spend in the current period. The right answer is Option B.

Learn more about Debt at https://brainly.com/question/19052808

SPJ4

Martin Supply Service paid 350dollars cash to a materials supplier that it owed from the previous month.Which of the following accounts decrease ?
a) Acoount Payable
b)Owners Capital
c)Office Supplies
d)Account Receivable

Answers

When Martin Supply Service pays $350 in cash to a supplier, it will reduce the value of Account Payable by $350. Therefore, alternative a. is correct.

What is Account Payable?

Account Payable is a type of account in which a business keeps track of the money that it owes to its suppliers for goods and services received. When a company owes money to suppliers, it is referred to as Accounts Payable.

So, when Martin Supply Service pays $350 in cash to a supplier, it will reduce the value of Account Payable by $350.

In conclusion, the correct answer is option A) Acoount Payable.

See more about acoount payable at https://brainly.com/question/29770503.

#SPJ11

Which of the following is true about the process above? A. intrapleural pressure decreases
B. atmospheric pressure decreases
C. air moves out of the lungs
D. intrapulmonary pressure increases

Answers

The statement which true is A) ."The process above describes the events that occur during expiration.

About expiration

When we breathe out, the volume of the thoracic cavity decreases. This causes the pressure within the cavity to increase. As the pressure rises, it forces the air out of the lungs until the pressure in the thoracic cavity is equal to the atmospheric pressure. Intrapleural pressure is negative during breathing, and it becomes more negative during inspiration, which helps to keep the lungs inflated.

The decrease in intrapleural pressure is due to the fact that the lungs recoil when they lose air, and this makes the pleural membranes pull away from each other, causing the intrapleural pressure to drop.

Learn more about intrapleural pressure at

https://brainly.com/question/15444017

#SPJ11

If you were asked to be a team leader, all of the following leadership skills and behaviors would help you influence your team except_ O integrity and honesty in communicating with team members O being clear and consistent letting members know what's expected of them O being optimistic and generating positive energy O willingness to let team members work on their own without asking them what they are doing and how the job is going

Answers

All of the following leadership skills and behaviours, with the exception of being willing to let team members work independently without checking in with them on how things are going, would help you influence your team if you were asked to manage a team.

With the exception of being willing to let team members work independently without asking them how things are going, all of the following leadership qualities and behaviours would be helpful to you if you were asked to manage a team. There are several attributes that make someone a good leader that may be learned. A Center for Creative Leadership skills study indicated that between 38% and more than 50% of new leaders and members fail during the first 18 months.

To learn more about leadership skills here:

https://brainly.com/question/30224799

#SPJ1

The FCC recommends that firms conduct market __________t , Incorrect Unavailable to eliminate possible bias related to judgments about some population segments as they identify their target audience for advertising.executingevaluatingresearch

Answers

The Federal Communications Commission (FCC) recommends that firms conduct market research to eliminate possible bias related to judgments about some population segments when they identify their target audience for advertising.

Market research is the process of gathering, analyzing, and interpreting information to better understand a target market and identify the potential success of a product or service. Market research typically involves conducting surveys, interviews, and focus groups with potential customers in order to understand their preferences and needs. It can also involve collecting data from secondary sources such as market reports and industry publications.

The main goal of market research is to identify customer needs and preferences that can be used to inform marketing strategies and product design. Market research can help companies better understand their target audiences, assess the potential for product success, and refine marketing strategies. Through market research, companies can develop an in-depth understanding of their customers’ attitudes, values, and opinions. This understanding can then be used to create products and services that better meet the needs of their target audience.

Market research is a critical component of the marketing process, as it allows companies to get feedback from potential customers and gain an understanding of how they view the company and its products or services. Without market research, companies may not be able to accurately identify customer needs and develop effective marketing strategies. By conducting market research, companies can also identify emerging trends and changes in customer needs, preferences, and opinions, allowing them to stay ahead of the competition and maximize their success.

To know more about Market research refer here :

https://brainly.com/question/30418420

#SPJ11

What are the three basic functions of money? Describe how rapid inflation can undermine money's ability to perform each of the three functions.

Answers

The three basic functions of money are to act as a medium of exchange, a unit of account, and a store of value, and rapid inflation can undermine money's ability to act as a medium of exchange because prices of goods and services can quickly rise and make money less useful as a means of exchanging for goods and services.

What are the three basic functions of money?

Money is a medium of exchange, a unit of account, and a store of value. A medium of exchange refers to money's capacity to be used as a means of exchange for goods and services. It means that money is recognized and approved as a mode of payment in transactions. The unit of account describes how money serves as a standard measure for the value of goods and services in an economy. The unit of account function of money indicates that a specific amount of money is worth a certain quantity of goods or services. Lastly, as a store of value, money's capacity to store value for long periods of time is recognized. This suggests that money can be kept and utilized for potential purchases or expenses in the future.

What are the effects of rapid inflation on money's ability to perform each of the three functions?

Rapid inflation can undermine money's ability to perform each of the three functions in the following ways:

1. Medium of Exchange. The rising prices of goods and services caused by rapid inflation could make it tough for people to purchase the things they require. It becomes difficult to conduct transactions since the price of goods and services would fluctuate frequently.

2. Unit of Account. Because of the price fluctuations caused by rapid inflation, money becomes a less reliable unit of account. It becomes difficult to determine how much a particular sum of money would be worth in the future due to rapidly changing prices.

3. Store of Value. Rapid inflation causes money to lose its value, making it a less reliable store of value. As a result, individuals and businesses would have to find other methods to store value, such as investing in assets like property, commodities, or even other currencies.

More about Inflation:

https://brainly.com/question/26644463

#SPJ11

an industry will have an increasing long run supply curve when an increase in market demand is met by a smaller increase in market supply. an industry will have an increasing long run supply curve when an increase in market demand is met by a smaller increase in market supply. true false

Answers

The statement “an industry will have an increasing long-run supply curve when an increase in market demand is met by a smaller increase in market supply” is true. In economics, supply and demand are essential to explain market behavior.

What is the long-run supply curve?

The long-run supply curve is a graphical representation of the long-run supply of an industry. It shows the number of goods that the industry will provide at a given price over time. Various factors like technology, production costs, and changes in demand influence the long-run supply curve. It is less steep than the short-run supply curve, which implies that supply can adjust to demand more quickly when changes occur in the market.

The quantity of goods or services that consumers are willing to buy at a given price and time is known as market demand. It is the sum total of the individual demands of all consumers in the market. The quantity of goods or services a producer is willing to offer for sale at a given price and time is known as market supply. It is the sum total of the individual supplies of all producers in the market.

For more information regarding long-run supply, you can check the below link

brainly.com/question/23455360

#SPJ11

Aggregate Demand and Aggregate Supply Work It Out: Question 2 of 4Determine whether each of the following events causes a shift of a curve or a movement along a curve in the short run. Indicate which curve is involved and the direction of the change.An increase in the quantity of money by the Federal Reserve increases the quantity of money that people wish to lend, lowering interest rates. This will cause a __________________ the aggregate ________________ curve to the ___________________.

Answers

An increase in the quantity of money by the Federal Reserve increases the quantity of money that people wish to lend, lowering interest rates. This will cause a shift in the aggregate demand curve to the right.

About aggregate demand

The increase in the quantity of money by the Federal Reserve results in a shift in the aggregate demand curve to the right in the short run. A shift in the curve implies that there has been a change in either the quantity or quality of one of the components of aggregate demand that causes a different amount of goods and services to be purchased at the given price level.

The curve that is involved is the aggregate demand curve. This curve represents the amount of total goods and services demanded in the economy at different price levels.

The increase in the quantity of money that people wish to lend lowers interest rates, making borrowing cheaper for households and firms.

This will increase consumer spending, as well as business investment and net exports, which will drive up aggregate demand. Thus, there will be an increase in the level of real gross domestic product (GDP) at a given price level.

Learn more about aggregate demand at

https://brainly.com/question/29022331

#SPJ11

every six months, jessa deposits $525 into an interest-bearing account to save for her children's tuition. the interest rate on the account is 5.4% compounding semi annually. what is the present value of the investment of jesse's children leave for college in 11 years?

Answers

The present value of the investment of Jesse's children leave for the college in the 11 years is about $14,032.05 amount.

What is the value of investment?

Jessa deposits $525 into an interest-bearing account every six months, the present value of her children's investment can be determined. This investment account has an interest rate of 5.4% compounded semi-annually.

In order to compute the present value of Jessa's children's investment, we can use the formula for the future value of an annuity, which is:

FV = PMT(1+r)ⁿ(r)

where, FV = Future value of the annuity, PMT = Payment per period, r = Interest rate per period, n = Number of periods.

First, we must determine the number of payment periods by multiplying the number of years by 2 since payments are made every six months.

n = 11 × 2 = 22

The interest rate for a period is calculated by dividing the annual interest rate by the number of periods in a year. In this situation, since interest is compounded semi-annually, there are two interest periods in a year.

r = 5.4%/2 = 2.7%

Now we can calculate the present value of the investment by utilizing the formula for the future value of an annuity, as mentioned previously.

FV = PMT(1 + r)ⁿ⁻¹(r)

where, FV = PV (1 + r)ⁿ, PV = present value of the annuity. The formula can be rearranged to calculate the present value of the investment. PV = FV/(1 + r)ⁿ.

Substituting the appropriate values,

PV = 525 × (1 + 0.027)²²- 1/0.027 × (1 + 0.027)²² = 14,032.05

Therefore, the present value of Jessa's children's investment is $14,032.05.

Learn more about Interest rate here:

https://brainly.com/question/13324776

#SPJ11

in 2010, new health insurance plans had to cover all fda-approved methods of birth control without cost sharing. what does it mean to be covered without cost sharing?

Answers

To be covered without cost-sharing means that the health insurance plan must cover the full cost of a particular service or treatment.

Under the Affordable Care Act (ACA) of 2010, health insurance plans are required to cover certain preventive services, including FDA-approved methods of birth control, without imposing co-payments, deductibles, or coinsurance on the individual.

This means that if an individual is covered under a health insurance plan that is subject to the ACA's provisions, they can access FDA-approved methods of birth control without any out-of-pocket costs.

Covering preventive services without cost-sharing is intended to make it easier for individuals to access necessary care and to reduce financial barriers to preventive care. It is important to note that not all health insurance plans are subject to the ACA's provisions, and some plans may offer different levels of coverage for preventive services.

Learn more about health insurance here:

https://brainly.com/question/1941778

#SPJ11

Capital rationing that is imposed by top management of a firm is called ___________ rationing. _____________ rationing occurs when a firm cannot raise the money it needs from outside sources.

Answers

The capital rationing that is imposed by the top management of a firm is called internal rationing. Internal rationing occurs when a firm cannot raise the money it needs from outside sources.

What is capital rationing? Capital rationing refers to the situation in which a company has constraints on the amount of money that it can invest in a given period. Capital rationing is divided into two types, internal and external rationing. Capital rationing is the process of ensuring that a firm's long-term investments are funded in a way that is consistent with its long-term financial goals.

Capital rationing can be classified into two categories based on the source of the restriction: internal and external capital rationing. Internal capital rationing is a result of the company's decision to restrict capital spending. External capital rationing is imposed by lenders, investors, or regulators, who place restrictions on a company's ability to raise capital from outside sources.

You can read more about Internal rationing at https://brainly.com/question/30164575

#SPJ11

When the economy enters a recessionary phase of the business cycle, unemployment tends to: A) decrease. B) increase. C) be unchanged

Answers

Answer: Increase

Explanation:

When the economy enters a recessionary phase of the business cycle, unemployment tends to increase. This is because during a recession, businesses tend to reduce their production levels, leading to a decrease in demand for labor. As a result, companies may have to lay off workers or reduce their hours to cut costs. This can lead to higher unemployment rates in the economy.

When asked for next week's snack preference we say we prefer apples. At snack time next week, we say we want chocolate cake but next week we will prefer an apple. In this example, we are being time _______

Answers

In this example, we are being time inconsistent.

When someone displays different preferences at different times, they are said to be time inconsistent. This means that they are not making rational decisions because their preferences are changing over time. Time inconsistency arises when decision-makers are unable to make a long-term strategy and stick to it. It occurs when the present self is unable to follow through on plans that the past self made.

Time inconsistency is why people often choose smaller rewards right away rather than waiting for larger rewards in the future. The same applies to a diet where a person intends to eat healthily and cut down on high-calorie foods but ends up eating junk food.

You can learn more about Time inconsistency at

https://brainly.com/question/20337608

#SPJ11

you bought 10 shares of stock in streamingvideoco for $45 per share. two months later you sold the 10 shares of stock for $80 per share. what was your profit or loss on streamingvideoco stock? (assume that streamingvideoco didn't pay a dividend and that you didn't incur any trading fees during that period.)

Answers

You bought 10 shares of stock in streamingvideoco for $45 per share. Two months later you sold the 10 shares of stock for $80 per share. This means you have made a profit of $350.

Calculation of profit orloss

Given that you bought 10 shares of stock in streamingvideoco for $45 per share and later you sold the 10 shares of stock for $80 per share. Let's find out what was your profit or loss on streamingvideoco stock. The formula to calculate profit or loss is given below:

Profit or loss = (selling price × quantity) – (cost price × quantity)

[tex]Profit or loss = ($80 * 10) – ($45*10)\\\\Profit or loss =$800-$450\\\\Profit or loss =$350[/tex]

Therefore, your profit on streamingvideoco stock was $350.

Learn more about stocks here:

https://brainly.com/question/29750557

#SPJ11

Other Questions
At the beginning of the year, accounts receivable were $30,000, and the allowance for bad debts was $1,500. During the year, sales (all on account) were $100,000, cash collections were $94,000, bad debts expense totaled $2,000, and $1,000 of accounts receivable were written off as bad debts."Required:Calculate the balances at the end of the year for the Accounts Receivable and Allowance for Bad Debts accounts. (Hint: Use T-accounts to analyze each of these accounts, plug in the amounts that you know, and solve for the ending balances.) the lyrical slow movement of a symphony is most often the !!!50 points!!!Problem 1. What masses of 15% and 20% solutions are needed to prepare 200 g of 17% solution?Problem 2. What masses of 18% and 5% solutions are needed to prepare 300 g of 7% solution?Problem 3. 200 g of 15% and 350 g of 20% solutions were mixed. Calculate mass percentage of final solution.Problem 4. 300 g of 15% solution and 35 g of solute were mixed. Calculate mass percentage of final solution.Problem 5. 400 g of 25% solution and 150 g of water were mixed. Calculate mass percentage of final solution. ______ is the practice of objective observation of the phenomena of interest. It is objective and does not depend on the ______ belief of the observer. first answer begings with "E" second answer begins with "s" Explain two reasons why catholics believe prayer is important? (Include types of prayer) (4) 3) ____ is the expression, which tells the nature of the roots of a quadratic equation of the form 3) ____ is the expression, which tells the nature of the roots of a quadratic equation of the form Find an equation for a sinusoidal function that has period 47, amplitude 1, and contains the point(-, 2).Write your answer in the form f(x) = Asin (Bx + C) + D, where A, B, C, and D are real numbers.f(x) = There are two coins. One of them is a biased coin such that P (head): P (tail) is 1 : 3 and the other coin is a fair coin. A coin is selected at random and tossed once. If the coin showed head, then find the probability that it is a biased coin. true or false ternary form is comprised of a statement followed by a departure, with no return to the original statement. How many moles nitrogen contain 4x10 particles Can someone help me with these and for 4 and 5 Im supposed to do graphs so Im hoping I get help with that too lol If point c is between points A and B the. __+CB=AB Identify the components involved in the initiation of transcription.Prokaryotic Initiation of Transcription:Pribnow Box, -35 consensus, sigma subunitEukaryotic Initiation of Transcription:.30 TATA box, enhancers, RNA Polymerase IIINeither;DNA polymerase, rho Output 6 suppose you will be delivering a speech informing your familyand the community about an importan and a current issue or topic. Reflect on the following terms:celebration of women's month child labor what is the difference between the r and w designations in 10gbase standards, such as 10gbaselr and 10gbaselw, or 10gbase r and 10gbase lw, or 10gbase er and 10gbase ew? Would Utah have been allowed to have slavery? Why or why not? waht do crew Member do in a naval ship or waht is his job on the ship By how much percent will the area of circle will increase if the diameter increases by 40%? Reaction 1:HOCl(aq)+H2O(l)H3O+(aq)+OCl(aq)K1=[H3O+][OCl][HOCl]Reaction 2:2H2O(l)H3O+(aq)+OH(aq)K2=[H3O+][OH]Reaction 3:OCl(aq)+H2O(l)HOCl(aq)+OH(aq)K3=?Based on the equilibrium constants given above, which of the following gives the correct expression for the equilibrium constant for reaction 3? The book Eragon Chapters Thieves in the Castle through The Razacs Revenge What does Brom say that the priests in Dras-Leona do to make themselves less connectedto the mortal world?(a) Sacrifice babies(b) Cut off pieces of their body(c) Eat dirt from the holy mountain(d) Sacrifice animals