Andreas has been importing cars form South Korea. He imports 2,000 cars each year where each car

Fantastic news! We've Found the answer you've been seeking!

Question:

Andreas has been importing cars form South Korea. He imports 2,000 cars each year where each car costs him $22,000. Each car costs him shipping fees of $500. He also has an average inventory level of 5.17. his average inventory turnover should be:

a. 8510

b. 8704

c. 4255

d. 1934

Related Book For answer-question

Essentials Of Services Marketing

ISBN: 9781292425191

4th Edition

Authors: Jochen Wirtz

See More Books

Posted Date: Feb 06, 2024 12:31 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
Over the last few years, we have started to see some retailers open earlier and earlier on Thanksgiving Day. Others have taken a different approach and decide to remain closed. Is it a good strategy...
The comparative balance sheet for Storm Adventures Ltd., a private company reporting under ASPE, follows: Additional information: 1. Profit for 2017 was $69,900. 2. Bonds payable of $60,000 were...
Find each uniform continuous probability and sketch a graph showing it as a shaded area. a. P (X < 10) for U (0, 50) b. P (X > 500) for U (0, 1000) c. P (25 < X < 45) for U (15, 65)
Germicidal lamps are used to sterilize tools in biological and medical facilities. One type of germicidal lamp is a low-pressure mercury discharge tube, similar to a fluorescent lightbulb, that has...
Boston Corporation has just received its marketing expense report for March of the current year, which follows. Item Amount Sales Commissions...
Describe how marketing management and metrics assist service organisations in implementing and measuring their marketing strategy.
Sentry Solutions sells security systems for $771. Sentry sources security systems from Single Source, Inc., for a variable cost of $511 per unit. What is Sentry Solutions' contribution margin in...
A river's current flows at 2.35 m/s [south]. If Alex can paddle their canoe at 3.14 m/s in still water and travels in a direction 13 north of west, what will their velocity be relative to an observer...
3 Two blocks of mass 2 kg and 4 kg are pushed by a horizontal force 12 N on a smooth horizontal table as shown in Fig. 3. 12 N 4 kg 2 kg smooth table Fig. 3 What is the acceleration of each of the...
Buyers of new cars shop for their preferred features - power seats, power steering, sunroof, ABS brakes and leather interior being a few examples. Several options combining some of these features are...
Write a function to convert an infix expression (2 (1 / 5 ) * 6 + 12 ) * 33 % 9) to postfix expression and display the result.
International Parity Conditions/PPP Theory Question Can PPP theory explain the reason(s) for the decline in the AUD against the USD during the global financial crisis (see 2008Q2 to 2009Q1)?...
Find the following transformation which assigns to each vector x by (a) P(x) (b) R, (x) (c) R (X) (d) S (x) (e) T (x) (f) R (x) T/3 3 with u = Also draw the transformations for x = -12]. . 2
What are some of the various ways to implement an awareness program?
How can marketing mix elements be used to reshape demand patterns?
What is the role of non-monetary costs in a business model, and how do they relate to the consumers value perceptions?
What factors do service companies need to understand in order to choose a distribution strategy for going international that still allows it to control its intellectual property and sources of value...
What is the difference between leading zeros and trailing zeros? Which ones are considered significant digits?
Explain the difference between number of digits, number of decimal places, and number of significant digits in a numerical value. Illustrate your explanation using the number 0.03720 .
What is the simplest way to convert a quantity given in one unit to the same quantity given in a different unit?

Andreas has been importing cars form South Korea. He imports 2,000 cars each year where each car

Question:

Expert Answer:

The detailed answer for the above question is provid... View the full answer

Essentials Of Services Marketing

Students also viewed these accounting questions