Qt, inc. and elppa computers, inc. compete with each other in the personal computer market. qt assembles computers to customer orders, building and delivering a computer within four days of a customer entering an order online. elppa, on the other hand, builds computers for inventory prior to receiving an order. these computers are sold from inventory once an order is received. selected financial information for both companies from recent financial statements follows (in millions):
qt elppa
sales $56,940 $120,357
cost of goods sold 44,754 92,385
inventory, beginning of period 1,382 6,317
inventory, end of period 1,404 7,490
a. determine for both companies (1) the inventory turnover and (2) the number of days' sales in inventory. round your calculations and answers to one decimal place. assume 365 days a year.
qt elppa
1. inventory turnover
2. number of days' sales in inventory days days
b. qt has a much higher inventory turnover ratio than does elppa. likewise, qt has a much smaller number of days' sales in inventory. these significant differences are a result of qt's make-to-order strategy.

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. some students suggest that the price increased because the price of beef, an important ingredient for making cheeseburgers, has increased. other students attribute the increase in the price of cheeseburgers to a recent increase in college student enrollment.1. the first group of students thinks the increase in the price of cheeseburgers is due to the fact that the price of beef, an important ingredient for making cheeseburgers, has increased. (what happened to demand and supply, shift to the right or left)2. the second group of students attributes the increase in the price of cheeseburgers to the increase in college student enrollment. (what happens to demand and supply, shift to the right or left)3. suppose that both of the events you analyzed above are partly responsible for the increase in the price of cheeseburgers. based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of cheeseburgers? (choose a, b,c, or d)a)if the price increase was small, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.b)if the equilibrium quantity of cheeseburgers decreases, then the demand shift in the market for cheeseburgers must have been larger than the supply shift.c)if the equilibrium quantity of cheeseburgers decreases, then the supply shift in the market for cheeseburgers must have been larger than the demand shift.d)whichever change occurred first must have been the primary cause of the change in the price of cheeseburgers.

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november.