As seen in the​ video, Joie de​ Vivre's CEO appears to possess a degree of​ ____________, which is what the chapter describes as

Answer:

$830,000

Explanation:

For the month of January, Ultra Co.'s inventory details are:

Date               Units   Unit total      Cost per unit     Total cost   

January 1             20,000           $260,000       $13        

January 20          30,000           $710,000         $15        

January 23          40,000           $1,390,000       $17      

January 31          (50,000)         ($16.60)    ($830,000)

Ending inventory                     40,000                     $560,000

Applying the last-in, first-out (LIFO) method, COGS equals (40,000 units x $17) + (10,000 units x $15) = $680,000 + $150,000 = $830,000.

Answer: Distinctive competence

Explanation: Distinctive competencies refer to specific attributes that uniquely differentiate a person, company, or organization from its competitors. These qualities make it challenging for consumers to swap these services for another, while competitors often find them hard to replicate. Such features typically foster success, enhance customer loyalty, and provide an advantage over rivals. This concept is termed distinctive competence, indicating services available only from one entity or very few. In the context provided, Gadgetbug demonstrates distinctive competence through its exceptional after-sale customer service, which competitors struggle to equal.

Answer:

A total of $600,000 is needed for financing to support the cash conversion cycle

Explanation:

To determine the financing requirement, we start by calculating the cash conversion payable illustrated as follows:

Cash conversion cycle = Average inventory age + Average collection duration - Average payment time

= 65 + 60 - 65

= 60 days

Next, we must utilize the financing equation shown below:

= Total annual operating cycle outlays × cash conversion cycle ÷ total days in a year

= $3,650,000 × 60 days ÷ 365

= $3,650,000 × 0.16438

= $600,000

Hence, a financing amount of $600,000 is essential to sustain the cash conversion cycle.

Answer:

The first statement is false, while the second is true.