PU E
SHI
NG Y L E NC
OU TO THE GATE OF EXC EL
Education is the most powerful weapon which you can use to change the world
,EXCELCENTRE INSTITUTE 0846244729
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Education is the most powerful weapon which you can use to change the world
, EXCELCENTRE INSTITUTE 0846244729
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Inventory Turnover can be calculated by:
a.
Ratio of cost of goods sold over average inventory cost
b.
Ratio of average inventory cost over cost of goods sold
c.
Ratio of average inventory cost over inventory days in stock
d.
Ratio of inventory days in stock over average inventory cost
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Suppose KFC South Africa introduced a new curly fries range. After a break-even analysis, it was
determined that the break-even point was at 10,000 units. If KFC South Africa manages to sell
12,000 units, what is the implication for the organisation?
a.
The organisation must sell 8,000 more units to reach the break-even point and realise a profit.
b.
The organisation has surpassed the break-even point and has started to realise profits from the
sales of the additional 2,000 units.
c.
The organisation will incur a loss as they have not reached the break-even point yet.
d.
The organisation has broken even, and the additional 2,000 units sold will contribute to covering
fixed costs.
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3 | P a g e Education is the most powerful weapon which you can use to change the world