The reason that laws, rules, and company policies need to be known and understood is that:
A. They are nice to know
B. They directly affect employees
C. They can occasionally be useful
D. It is not necessary to know about laws, rules, and company policies

The key outputs of the short-term financial planning process are the creation of a budget, cash flow projections, and analysis of financial ratios.

These outputs are essential in managing day-to-day operations and ensuring that the organization is meeting its financial objectives. By having a clear understanding of the current financial situation, organizations can make informed decisions and take necessary actions to improve their financial performance. Additionally, short-term financial planning enables organizations to anticipate and address potential cash flow issues, allowing them to avoid financial difficulties in the future.

The key outputs of the short-term financial planning process are the cash flow forecast, working capital management, and the short-term budget. These outputs help businesses maintain liquidity, optimize resource allocation, and meet their financial obligations in a timely manner.

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The incremental effect on profit If the POP product is eliminated is calculated as -$ 600.

The contribution margin is determined by dividing variable costs by revenue. The formula for determining the contribution margin ratio is Revenue / (Revenue - Variable Costs).

1. By comparing the avoidable fixed cost of eliminating the POP product to the lost contribution margin, this incremental effect on profit can be calculated.

incremental effect on profit = Avoidable fixed cost - sales

Contribution margin = variable cost Sales - variable cost

Lost contribution margin = $4000 (given)

Avoidable fixed cost = direct fixed cost that can be traced to segment = $3400

Lost contribution margin                       -$4000

Less: Avoidable fixed cost                     $3400

incremental effect on profit                   -$600

2. No, because MSI would lose $600 in overall profit if it discontinued the POP product.

3. Determine the incremental profit impact of eliminating the POP product. If the POP product line were discontinued, the common fixed costs of $1,200 would be avoided. Impact on Earnings

Avoidable fixed cost = direct fixed cost that can be traced to segment of $3400 plus $1,200 of the common fixed costs that could be avoided = $4600 (given)

Lost contribution margin              -$4000

Less: Avoidable fixed cost            $4600

incremental effect on profit            $600

3.(b) Yes, because MSI's overall profit would rise by $600 if it discontinued the POP product.

After subtracting variable costs like transportation costs and raw materials, a company's contribution margin shows how much revenue is left over. The product must generate more revenue than the company's fixed costs, such as salaries and insurance, in order to be profitable.

Because your contribution margin is what enables you to cover your fixed costs and generate a profit, understanding this concept is crucial. You will also be able to better decide where and how to sell your products if you know your contribution margins.

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True, one way to measure HRM effectiveness is to use HR analytics to measure a program's success in terms of whether it achieved its objectives and whether it delivered value in an economic sense.

HR analytics is a data-driven approach to managing human resources, which involves analyzing large amounts of data to uncover trends, patterns, and insights that can be used to inform decision-making. This can help organizations improve various aspects of HRM, such as recruitment, training, and performance management.

Measuring a program's success involves evaluating whether it achieved its stated objectives, such as reducing employee turnover or increasing productivity. This can be done by comparing the outcomes of the program to the desired outcomes and identifying any gaps.

In addition, assessing the value delivered by a program in an economic sense involves calculating the return on investment (ROI) of the program. This is done by comparing the costs of implementing the program to the financial benefits it generates, such as increased revenue or cost savings.

By using HR analytics to measure both the achievement of objectives and the economic value delivered, organizations can effectively evaluate the success of their HRM programs and identify areas for improvement. This ultimately leads to better decision-making and a more efficient allocation of resources, contributing to the overall success of the organization.

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False.Diversification means that the equally weighted portfolio is always optimal.

Diversification can help to reduce risk by spreading investments across multiple assets or asset classes, but it does not necessarily mean that the equally weighted portfolio is always optimal. The optimal portfolio depends on individual investor preferences, risk tolerance, and market conditions. Additionally, different diversification strategies can be employed, such as market-cap weighting or sector-specific weighting, which can result in different optimal portfolios. Therefore, it is important to consider multiple factors when determining the optimal portfolio, including diversification, to achieve a desired level of risk and return.

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True. The federal government did indeed hold the physician supply constant for most of the 20th century by controlling the American Medical Association (AMA). So the answer is: True.

The AMA was the primary organization responsible for accrediting medical schools and setting standards for medical education in the United States. This gave the federal government considerable control over the number of physicians entering the workforce.

From the early 1900s until the mid-1960s, the AMA enforced strict limits on the number of medical students admitted to U.S. medical schools. These limits were put in place to maintain high standards of medical education and to prevent a glut of doctors in the market. This was known as the "physician shortage" policy, and it kept physician supply artificially low.

However, in the mid-1960s, the federal government began to relax its control over the AMA, and the physician shortage policy was abandoned. This led to a dramatic increase in the number of doctors in the U.S. workforce, which helped to improve access to healthcare for many Americans. Therefore, the answer is true.

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True. The federal government did indeed hold the physician supply constant for most of the 20th century by controlling the American Medical Association (AMA). So the answer is: True.

The AMA was the primary organization responsible for accrediting medical schools and setting standards for medical education in the United States. This gave the federal government considerable control over the number of physicians entering the workforce.

From the early 1900s until the mid-1960s, the AMA enforced strict limits on the number of medical students admitted to U.S. medical schools. These limits were put in place to maintain high standards of medical education and to prevent a glut of doctors in the market. This was known as the "physician shortage" policy, and it kept physician supply artificially low.

However, in the mid-1960s, the federal government began to relax its control over the AMA, and the physician shortage policy was abandoned. This led to a dramatic increase in the number of doctors in the U.S. workforce, which helped to improve access to healthcare for many Americans. Therefore, the answer is true.

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This allows you to potentially profit from the anticipated price decrease by selling borrowed shares and buying them back later at a lower price.

If you expect GameStop's stock price to drop drastically and you do not own the stock, you should consider entering a sell limit order at a price below the current market bid. This allows you to potentially profit from the anticipated price decrease by selling borrowed shares and buying them back later at a lower price.

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In the procure-to-pay process, the negotiation of price and terms is followed by the creation of a purchase order.

A purchase order is a formal document sent by the buyer to the supplier that confirms the items to be purchased, the quantity, the agreed-upon price, and the delivery date. The PO serves as a legally binding contract between the buyer and the supplier, outlining the terms and conditions of the purchase.

Once the supplier receives the PO, they will typically acknowledge receipt and confirm the order details. This confirmation can be done either by sending a formal acknowledgment or simply by beginning work on the order.

After the goods or services are received, the supplier will send an invoice to the buyer, requesting payment for the goods or services rendered. The invoice should match the details outlined in the PO, and any discrepancies should be addressed and resolved before payment is made.

Once the invoice is verified, approved, and processed, payment can be made to the supplier, and the transaction is complete. Receiving and inspection of goods or services, and ultimately, payment to the supplier.

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The statement that reports the financial position of an accounting entity at a point in time is called a balance sheet. A balance sheet presents the assets, liabilities, and stockholders' equity of a company, providing a snapshot of its financial position at a specific date. It is an important financial statement that helps investors, creditors, and other stakeholders to evaluate the company's financial health and performance.

Total Assets include land, buildings, inventory, cash, account receivables, etc and Total Liabilities consists of accounts payable, notes payable, allowance for depreciation, etc. The balance sheet is also known as a positional statement as shows the financial position of the company. For preparing the balance sheet, an accountant has to prepare a trading account and profit and loss account for a particular period. Therefore the answer is balance sheet.

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The statement that reports the financial position of an accounting entity at a point in time is called a balance sheet. A balance sheet presents the assets, liabilities, and stockholders' equity of a company, providing a snapshot of its financial position at a specific date. It is an important financial statement that helps investors, creditors, and other stakeholders to evaluate the company's financial health and performance.

Total Assets include land, buildings, inventory, cash, account receivables, etc and Total Liabilities consists of accounts payable, notes payable, allowance for depreciation, etc. The balance sheet is also known as a positional statement as shows the financial position of the company. For preparing the balance sheet, an accountant has to prepare a trading account and profit and loss account for a particular period. Therefore the answer is balance sheet.

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If lenders think that a particular borrower might default, they will demand: B) a higher interest rate to make it worth taking that risk.

B) a higher interest rate to make it worth taking that risk. When lenders perceive that a particular borrower is at a higher risk of defaulting on their loan, they will typically demand a higher interest rate to compensate for that increased risk. This higher interest rate serves to mitigate the risk incurred by the lender and make the loan more attractive despite the potential for default. Conversely, if a borrower is seen as lower risk, the lender may offer a lower interest rate as a way of competing for that borrower's business.

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Answer:

Conversion

This stage is when a user finally makes the choice to buy. Your goal is to get as many people as possible from the first two stages of your marketing funnel to this purchase point. It is the final push to get your prospective customer to convert and drop the 'prospective' from their title.

Hope it helped! :)

The list of three accounts are  Financial statements , Potential, Accounts.

Based on your request, here's an answer that includes the requested terms:

1. Financial statements: A potential red flag could be a sudden and unexplained increase in revenue, which may indicate possible earnings management or manipulation to boost the company's financial performance.

2. Potential: A large discrepancy between the cash flow from operations and net income could be a potential concern, as this may suggest that the company's earnings are not generated from its core operations and may warrant further investigation by the auditor.

3. Accounts: If there are significant changes in accounts receivable without a corresponding increase in sales, this could signal issues with the company's credit control and collection processes, or even potential revenue recognition fraud.

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Pricing decisions are crucial for any company as they directly impact their revenue and profitability. One pricing decision a company can make is to increase or decrease the price of their product or service. However, if the pricing decision is not optimal and does not yield the desired results, the company may have to adjust the price accordingly.

If the pricing decision results in low sales or reduced profit margins, the company may consider lowering the price to make the product more attractive to customers. Alternatively, if the pricing decision results in high demand but also leads to stock shortages, the company may consider raising the price to optimize profits and manage inventory levels.

In either case, the company would have to conduct market research and analyze customer behavior to determine the optimal price point. The company would also need to consider its competition and the price points they offer.

Overall, a pricing decision requires careful consideration and analysis to ensure it aligns with the company's goals and objectives. If the initial pricing decision is not optimal, adjusting the price based on market conditions and customer behavior can help the company achieve the desired results.

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When her income increases, a seasonal worker saves more; when it decreases, she saves less. Consumption smoothing is the term used to describe this behaviour.

Employees that are hired for a limited time, typically during busy seasons like the summer or the holidays, are referred to as seasonal workers. They might work there for a few hours, a day, a week, a month, or even the entire season. Typically, businesses engage seasonal workers to deal with extra workloads or to cover for permanent staff who are on leave or on vacation.

They typically perform the same duties as normal employees, although they typically earn less money and have fewer benefits. Many seasonal workers are retirees or students looking for extra money or looking to advance in their careers. Seasonal employment is another excellent approach for people to acquire useful skills.

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Because they want to maximise profits, firms approaching long-run equilibrium in a completely competitive industry will prefer to produce wherever average costs are reduced. (option b)

As a result, they will accomplish this at the low points of their overall average costs curves. This is so that buyers have many options and are free to switch between different companies if they believe that firm is asking an excessive price.

In a completely competitive market, there are numerous firms providing comparable items. Hence, in order for businesses to be profitable and competitive, they must keep their pricing low keeping their costs to a minimum. Throughout time, businesses will modify their output and investment levels until they hit their lowest point.

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Regarding the transactions for Ivanhoe & Co. in August:

(a) Purchasing supplies on account would increase both the assets (Supplies) and the liabilities (Accounts Payable) of the company, while having no effect on owner's equity.
(b) Receiving cash for performing a service would increase both assets (Cash) and owner's equity (Revenue), while having no effect on liabilities.
(c) Paying expenses in cash would decrease assets (Cash), have no effect on liabilities, and increase owner's equity (Expenses).

Looking at the table provided, it appears that the company started the month with $15,800 in cash, $15,000 in accounts receivable, $2,900 in supplies, $5,300 in equipment, $3,400 in accounts payable, and $3,300 in owner's capital. Throughout the month, they incurred $550 in rent expenses, $4,600 in salaries and wages expenses, and $420 in utilities expenses, all of which decreased their cash balance. They also had a decrease in accounts payable of $90, likely due to paying off some of the balance. They recorded $1,700 in drawings, which would decrease their owner's equity. There were no changes in the balances of accounts receivable, supplies, equipment, or owner's capital.
(a) Purchased supplies on account: This transaction increases assets (supplies) and increases liabilities (accounts payable). There is no effect on owner's equity.
(b) Received cash for performing a service: This transaction increases assets (cash) and increases owner's equity (revenue). There is no effect on liabilities.
(c) Paid expenses in cash: This transaction decreases assets (cash) and decreases owner's equity (expenses). There is no effect on liabilities.

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Option B: "It was a bad decision because I was overconfident in my ability to get the smartphone safely" is an expression of outcome bias.

Option B: "It was a bad decision because I was overconfident in my ability to get the smartphone safely" is an expression of outcome bias. This is because the patron is judging the decision based on the outcome (returning safely) rather than the actual decision-making process that led to the risky behavior. Despite the positive outcome, the decision to jump onto the tracks was still a risky and dangerous one. By acknowledging this, the patron is recognizing the potential consequences of their actions and how they could have been different. Additionally, the economic value of the phone may have been a motivating factor in the decision to take such a risk, but the patron recognizes that this should not have outweighed their personal safety.

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The statement given in the question "The PAR: Special Promotions is used for all 'off cycle' promotions" is True.

PAR, or Performance Appraisal Review, is a system that evaluates employee performance. Typically, promotions occur during specific times or "cycles" within an organization. However, sometimes employees demonstrate exceptional performance or take on additional responsibilities that warrant a promotion outside of the standard cycle.

In such cases, organizations use the PAR: Special Promotions to recognize and reward these deserving employees. This process allows companies to maintain fairness and consistency when addressing performance-based advancements, ensuring that exceptional contributions are acknowledged and rewarded regardless of when they occur.

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Answer:

a. Margin of Safety in Dollars:

Margin of Safety is the difference between actual sales and break-even sales. It represents the amount by which actual sales can decline before the company starts incurring losses.

Margin of Safety = Actual Sales - Break-even Sales

Margin of Safety = $840,000 - $655,200

b. Margin of Safety in Ratio:

Margin of Safety Ratio is the ratio of Margin of Safety to Actual Sales. It represents the proportion of actual sales that exceeds the break-even sales.

Margin of Safety Ratio = (Actual Sales - Break-even Sales) / Actual Sales

Margin of Safety Ratio = ($840,000 - $655,200) / $840,000

After calculating the above expressions, we will get the margin of safety in dollars and the margin of safety in ratio for Cullumber Company.

Explanation:

Answer:

D

Explanation:

Let's prepare the necessary journal entries for Waterway Inc. using LIFO inventory costing under the cost-of-goods-sold method (a) and the loss method (b).

(a) Cost-of-Goods-Sold Method
Step 1: Calculate the inventory decrease at market value.
Inventory decrease = Beginning market value - Ending market value
Inventory decrease = $216,014 - $262,660 = -$46,646

Since the inventory value has increased instead of decreased, there is no need to create an allowance or record a journal entry under the cost-of-goods-sold method.

(b) Loss Method
Step 1: Calculate the inventory decrease at cost.
Inventory decrease = Beginning cost - Ending cost
Inventory decrease = $216,014 - $283,252 = -$67,238

Step 2: Calculate the required allowance.
Required allowance = Inventory decrease at cost - Inventory decrease at market value
Required allowance = -$67,238 - (-$46,646) = -$20,592

Step 3: Record the journal entry.
Since the required allowance is a negative value, it indicates a loss. Therefore, the journal entry would be:

Loss on Inventory Decline (Debit) = $20,592
Allowance to Reduce Inventory to Market (Credit) = $20,592

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The factor that is likely to have a negative impact on the success of a TQM program is middle managers fearing that they will lose their authority.

When middle managers fear that they will lose their authority, they may resist or even sabotage the TQM program. This can result in a lack of commitment from the middle management level, which can ultimately impede the success of the TQM program. While TQM is used to improve problem-solving skills, motivate employees, and enrich jobs, if middle managers are not fully on board with the program, it can hinder the implementation and overall success. Additionally, if managers expect to see dramatic innovations as a result of TQM, it may create unrealistic expectations that could also negatively impact the program's success.

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The probability that the average lifetime of 100 such batteries is less than 38 hours is about 2.28%. We need to use the Central Limit Theorem, which states that the distribution of sample means approaches a normal distribution as the sample size increases.

Given that the population mean lifetime is 40 hours and the standard deviation is 5 hours, we can find the standard error of the mean using the formula:

standard error = standard deviation / square root of sample size

standard error = 5 / sqrt(100) = 0.5

Now, we can calculate the z-score using the formula:

z = (sample mean - population mean) / standard error

z = (38 - 40) / 0.5 = -4

Finally, we can find the probability that the average lifetime of 100 such batteries is less than 38 hours by using a z-table or a calculator to find the area under the standard normal distribution curve to the left of the z-score:

P(z < -4) = 0.00003

Therefore, the probability that the average lifetime of 100 batteries is less than 38 hours is very low (0.003%). This suggests that if we were to take a sample of 100 batteries and calculate the average lifetime, it would be very unlikely to deviate from the population mean of 40 hours by more than 2 hours.

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When companies issue secured debt backed by all of the firm's steady cash flows, such as franchise fees, it is called Whole-business securitization. Option D is correct.

Whole-business securitization is a type of debt financing in which a company uses all of its cash flows, including franchise fees and other steady streams of income, as collateral to secure a loan. This type of securitization allows companies to access funding at a lower cost than traditional unsecured debt, since the lender has a greater level of security in the form of the company's entire revenue stream.

In the event of a default, the lender has the right to take possession of the business's assets and income streams. Whole-business securitization is typically used by companies in industries such as fast food, hospitality, and retail, which generate consistent cash flows over time.

Option D holds true.

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Closing other workbooks and programs is a good idea. As you requested, the query was already loaded to the data model rather than a spreadsheet.

Click Design View after clicking View in the View group under the Home tab. On the Design tab, under the Query Type group, click Append. . The dialog window for appending appears. The next step is to choose whether to append records to the current database's tables or tables in another database.

When adding data, SQL has stringent guidelines: There must be an equal number of columns in each tables. The columns must have the same data types in the first table's arrangement.

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Closing other workbooks and programs is a good idea. As you requested, the query was already loaded to the data model rather than a spreadsheet.

Click Design View after clicking View in the View group under the Home tab. On the Design tab, under the Query Type group, click Append. . The dialog window for appending appears. The next step is to choose whether to append records to the current database's tables or tables in another database.

When adding data, SQL has stringent guidelines: There must be an equal number of columns in each tables. The columns must have the same data types in the first table's arrangement.

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(1) The consumer would be willing to pay $175 to have 10 units of the good rather than no units at all and the level of (net) consumer surplus is $75. (2)  The consumer's surplus decreases by $13 when the supplier raises the price from $10 to $14.

(1) To calculate how much money the consumer would be willing to pay to have 10 units of the good rather than no units at all, we can use the following formula:

Willingness to pay = ∫[0,x*($10)](15 - p/2) dp

Willingness to pay = [15p - p[tex]^{2/4}[/tex]] from 0 to 20

Willingness to pay = $175

Therefore, the consumer would be willing to pay $175.

To calculate the level of (net) consumer surplus, we can use the following formula:

Consumer surplus = ∫[0,x*($10)](15 - p/2 - $10) dp

Consumer surplus = [$5p - p[tex]^{2/4}[/tex] - $100] from 0 to 20

Consumer surplus = $200 - $100 - $25

Consumer surplus = $75

(2) When the supplier raises the price from $10 to $14, the consumer's Walrasian demand function changes to x*($14) = 9. This means that the consumer will now purchase 9 units of the good at the new price of $14.

To calculate the change in consumer surplus, we need to calculate the areas of the two consumer surplus triangles: one for the original price of $10 and the other for the new price of $14.

For the original price of $10:

Consumer surplus = ($10 - $0) x 10/2

Consumer surplus = $50

For the new price of $14:

Consumer surplus = ($14 - $0) x 9/2

Consumer surplus = $63

Therefore, the change in consumer surplus is:

Change in consumer surplus = New consumer surplus - Old consumer surplus

Change in consumer surplus = $63 - $50

Change in consumer surplus = $13. So the consumer's surplus decreases by $13.

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(1) The consumer would be willing to pay $175 to have 10 units of the good rather than no units at all and the level of (net) consumer surplus is $75. (2)  The consumer's surplus decreases by $13 when the supplier raises the price from $10 to $14.

(1) To calculate how much money the consumer would be willing to pay to have 10 units of the good rather than no units at all, we can use the following formula:

Willingness to pay = ∫[0,x*($10)](15 - p/2) dp

Willingness to pay = [15p - p[tex]^{2/4}[/tex]] from 0 to 20

Willingness to pay = $175

Therefore, the consumer would be willing to pay $175.

To calculate the level of (net) consumer surplus, we can use the following formula:

Consumer surplus = ∫[0,x*($10)](15 - p/2 - $10) dp

Consumer surplus = [$5p - p[tex]^{2/4}[/tex] - $100] from 0 to 20

Consumer surplus = $200 - $100 - $25

Consumer surplus = $75

(2) When the supplier raises the price from $10 to $14, the consumer's Walrasian demand function changes to x*($14) = 9. This means that the consumer will now purchase 9 units of the good at the new price of $14.

To calculate the change in consumer surplus, we need to calculate the areas of the two consumer surplus triangles: one for the original price of $10 and the other for the new price of $14.

For the original price of $10:

Consumer surplus = ($10 - $0) x 10/2

Consumer surplus = $50

For the new price of $14:

Consumer surplus = ($14 - $0) x 9/2

Consumer surplus = $63

Therefore, the change in consumer surplus is:

Change in consumer surplus = New consumer surplus - Old consumer surplus

Change in consumer surplus = $63 - $50

Change in consumer surplus = $13. So the consumer's surplus decreases by $13.

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The option that is not one of the 3 major ways to save for retirement discussed in class is option

(d) liquidating the majority of your assets into cash.

This is not a sustainable strategy for retirement savings as it involves selling off assets that could potentially generate income and growth over time.

The three major ways to save for retirement are:

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Muda, which means "uselessness," is the Japanese term for waste. Reduced Muda and improved quality control are goals of lean tools. To put it another way, Lean tools aim to cut out ineffective processes.

In order to reduce waste and maximise system efficiency, both Lean and Six Sigma work towards the same end result.

Six sigma does, in fact, reveal the frequency with which process flaws are expected to manifest themselves. For continual improvement, the six sigma method is applied. To minimise flaws, it is utilised to ascertain their frequency of occurrence and count.

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the Big Box Corporation's total profit is $7,500. The correct answer is (a) $7,500.

To calculate the total profit, we need to subtract the total cost of production from the total revenue earned from selling the 500 units.
Total revenue = Price per unit x Number of units sold = $65 x 500 = $32,500
Total cost of production = Average cost per unit x Number of units produced = $50 x 500 = $25,000
Total profit = Total revenue - Total cost of production = $32,500 - $25,000 = $7,500
Therefore, the Big Box Corporation's total profit is $32,500, and the correct answer is c.
Hi, I'd be happy to help with your question. The Big Box Corporation's total profit can be calculated using the given terms.
To find the total profit, you need to calculate the total revenue and total cost, and then subtract the total cost from the total revenue.
1. Calculate total revenue: 500 units × $65 per unit = $32,500
2. Calculate total cost: 500 units × $50 per unit = $25,000
3. Calculate total profit: Total revenue - Total cost = $32,500 - $25,000 = $7,500

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To calculate Marin's inventory turnover for the fiscal year 2019, use the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

First, calculate the average inventory:

Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Average Inventory = ($558 million + $642 million) / 2
Average Inventory = $600 million

Now, calculate the inventory turnover:

Inventory Turnover = $5,914 million / $600 million
Inventory Turnover = 9.86 (rounded to 2 decimal places)

To calculate Marin's average days to sell inventory for the fiscal year 2019, use the formula:

Average Days to Sell Inventory = 365 / Inventory Turnover

Average Days to Sell Inventory = 365 / 9.86
Average Days to Sell Inventory = 37.02 (rounded to 2 decimal places)

So, Marin's inventory turnover for the fiscal year 2019 is 9.86, and its average days to sell inventory is 37.02 days.

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To calculate Marin's inventory turnover for the fiscal year 2019, use the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

First, calculate the average inventory:

Average Inventory = (Beginning Inventory + Ending Inventory) / 2
Average Inventory = ($558 million + $642 million) / 2
Average Inventory = $600 million

Now, calculate the inventory turnover:

Inventory Turnover = $5,914 million / $600 million
Inventory Turnover = 9.86 (rounded to 2 decimal places)

To calculate Marin's average days to sell inventory for the fiscal year 2019, use the formula:

Average Days to Sell Inventory = 365 / Inventory Turnover

Average Days to Sell Inventory = 365 / 9.86
Average Days to Sell Inventory = 37.02 (rounded to 2 decimal places)

So, Marin's inventory turnover for the fiscal year 2019 is 9.86, and its average days to sell inventory is 37.02 days.

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