Which supply management techniques have increased over the traditional ideals?.
Answers
In recent years, supply management techniques have evolved and expanded beyond traditional ideals to meet the changing demands of the global market. Some of the supply management techniques that have gained prominence and increased over traditional ideals include:
1. Lean Supply Chain Management: Lean principles focus on eliminating waste and improving efficiency throughout the supply chain. It emphasizes streamlining processes, reducing inventory levels, and optimizing resource utilization. Lean techniques, such as just-in-time (JIT) inventory management and continuous improvement practices, have gained popularity as they help organizations achieve cost savings, improve productivity, and enhance customer satisfaction.
2. Vendor-Managed Inventory (VMI): VMI is a collaborative approach where suppliers take responsibility for managing the inventory levels at the customer's location. It involves sharing information and collaborating closely to ensure optimal inventory levels, reducing stockouts and overstocking. VMI allows for better coordination and faster response to changes in demand, leading to improved inventory management and reduced costs.
3. Technology-Enabled Supply Chain: The integration of technology has significantly transformed supply chain management. Advanced technologies such as artificial intelligence (AI), machine learning (ML), big data analytics, and Internet of Things (IoT) have enabled real-time data capture, improved demand forecasting, enhanced visibility, and automation of various supply chain processes. These technologies have revolutionized inventory management, demand planning, logistics, and overall supply chain decision-making.
4. Sustainable and Ethical Supply Chain Practices: With increasing awareness and focus on sustainability and ethical practices, supply chain management has shifted towards incorporating environmental and social considerations. Organizations now strive to ensure responsible sourcing, reduce carbon footprint, minimize waste, promote fair labor practices, and adhere to ethical standards. Supply chain sustainability initiatives have gained traction as they not only fulfill ethical obligations but also contribute to brand reputation, customer loyalty, and long-term business sustainability.
5. Risk Management and Resilience: The recognition of supply chain vulnerabilities and the need to mitigate risks has led to the adoption of risk management strategies. Organizations now place greater emphasis on identifying and mitigating risks such as supply disruptions, natural disasters, geopolitical uncertainties, and cybersecurity threats. Building resilient supply chains involves diversifying suppliers, developing contingency plans, enhancing supply chain visibility, and implementing robust risk assessment and mitigation strategies.
These supply management techniques reflect the evolving landscape of supply chain management, driven by globalization, technological advancements, sustainability concerns, and the need for operational efficiency. By embracing these techniques, organizations can improve agility, responsiveness, cost-effectiveness, sustainability, and overall competitiveness in today's dynamic business environment.
To know more about Management visit-
brainly.com/question/28444311
#SPJ11
Related Questions
The monetary value of what a firm received for goods sold, services rendered, and other payments is termed:.
Answers
Answer:
Revenue?
Explanation:
Revenue is the monetary worth of what a company receives for items sold, services given, and other payments.
What is the revenue?The total amount of income earned by the sale of goods or services connected to the company's principal operations is referred to as revenue. Because it appears at the top of the income statement, revenue, also known as gross sales, is sometimes referred to as the “top line.”
Revenue refers to the overall earnings generated by a company via its primary operations, such as product or service sales, property leases, recurring payments, interest on borrowings, and so on. It is also defined as monetary value of what a company receives in exchange for goods sold, services rendered, and other payments.
It is calculated before any expenditures, like as discounts and refunds, are deducted. Sales, money from fees, and income created by property are all examples of revenue.
Therefore, it is revenue.
Learn more about the revenue, refer to:
https://brainly.com/question/8645356
#SPJ2
1,Darla completed a two-year degree to become a registered nurse, but she still must work under the supervision of another nurse. In order to work without supervision, she needs to complete the next level of college education. What is this degree called?
an associate degree
a bachelor’s degree
a master’s degree
a doctorate degree
2.Zane works out in the ocean installing huge wind turbines to provide the coastal communities with clean energy. The Energy cluster pathway that Zane works in is _____.
Environmental Resources
Energy and Power Technology
Telecommunications
Plant Systems
3..
Biology is a good course to study if a person wanted to pursue the Health Sciences career cluster.
True
False
4.Violet has planned a career in public service. She hopes, one day, to be a state senator. What job would be a step along her pathway?
an apprenticeship with a master boat builder
an unpaid internship at a radio station
a paid internship at a local government office
an associate degree program in art history
5.Hiro is a professor of mathematics at a university. He goes by the title “Doctor.” What does this indicate about Hiro’s education?
Hiro studied medicine before he switched to mathematics.
Hiro attained a bachelor’s degree in mathematics.
Hiro graduated from medical school.
Hiro attained a doctoral degree in mathematics.
6..
Reggie works in the Health Science career cluster. He is a physical therapist who assists those who have suffered from strokes to regain their speech. The Health Science career pathway Reggie works in is _____.
Biotechnology Research and Development
Diagnostic Services
Health Informatics
Therapeutic Services
7.Jamal studies infectious diseases in a lab. He experiments with different cells to see how they react to viruses and bacteria. Then he tries to derive solutions to keep the cells healthy. Jamal’s job is part of the Biotechnology Research and Development pathway of the Health Sciences cluster.
True
False
8.
Amanda holds a bachelor’s degree in veterinary science. Her career falls under the Animal Systems pathway in the Agriculture, Food, and Natural Resources cluster
True
False
9.9.
A young boy falls off his bike and is rushed to the hospital. Doctors suspect that he has broken his leg, so they send him to see Tobias. Tobias takes an x-ray of the boy’s leg so that the doctor can see whether there is a break in the bone. The Health Science career pathway that Tobias works in is _____.
Biotechnology Research and Development
Diagnostic Services
Health Informatics
Therapeutic Services
10.
Sharee has worked as a receptionist in a dental office for a few years. She would like to become a dental hygienist because the work seems interesting and it pays more than she currently makes. What kind of education might Sharee need to look for?
internship at another dentist’s office
apprenticeship under the current hygienist
associate degree in dental hygiene
doctorate degree in dentistry
11.
Aislinn chooses to pursue a pathway in the Education and Training cluster. What would be a logical job for Aislinn to take along her pathway?
receptionist at a doctor’s office
after school math tutor
salesperson at a car dealership
lab assistant at a medical lab
12.
Calvin works for the local recycling plant that collects plastic bottles and bags then processes the plastic so that it is ready to be sent to a plant that turns it into insulation for sleeping bags. The Agriculture, Food, and Natural Resource pathway that Calvin works in is _____.
Agribusiness Systems
Food Products & Processing Systems
Environmental Service Systems
Natural Resources Systems
13.Garrett wants to be a behavioral therapist who works with troubled children. What qualities might be useful for Garrett in this career?
Garrett is really good with math.
Garrett is a very patient, caring person.
Garrett has great curiosity about how things work.
Garrett is shy but loves to produce art.
14.
Nathan runs a termite inspection service, so he falls under the Animal Systems pathway in the Agriculture, Food, and Natural Resources cluster.
True
False
15.Betty has a degree in wildlife conservation. She is passionate about preserving habitats for endangered animals. What kind of company might want to hire Betty?
a farm in need of a dairy manager
a bald eagle sanctuary looking for a ranger
a pesticide company in need of a marketing person
a local food truck looking for a chef
PLEASE HELP WILL GIVE BRANLIEST 30 POINTS
Answers
energy and power technology
She needs to complete the next level of college education. A bachelor’s degree, is this degree called. Thus, option (b) is correct.
The Energy cluster pathway that Zane works in is Energy and Power Technology. Thus, option (b) is correct.
What is education?The term education refers to the gaining knowledge and learning the new things. The person can earn money as they need to education. The education is level wise and based on capacity of the revised knowledge of the student. The education is included a basic necessity of the people.
Biology is a good course of study if a person wanted to pursue the Health Sciences career cluster. This statement is true.
A paid internship at a local government office is job would be a step along her pathway.
As a result, the significance of the statements are the aforementioned. Therefore, option (b) and (b) is correct.
Learn more about on education, here:
https://brainly.com/question/18023991
#SPJ3
The following situation can be modeled by a linear function. Write an equation for the linear function and use it to answer the given question. Be sure you clearly identify the independent and dependent variables. Then briefly discuss whether a linear model is reasonable for the situation described.
The price of a particular model car is $ 20,000 today and rises with time at a constant rate of $500 per year. How much will a new car of this model cost in 4 years?
Answers
a) The equation of the linear function is y = 500x + 20,000.
b) A new car of this model will cost $22,000 in 4 years.
The independent variable is time (in years) and the dependent variable is the price of the car (in dollars). Since the price of the car is increasing at a constant rate of $500 per year, we can use the point-slope form of a linear equation to model the situation.
Let y be the price of the car and x be the time (in years) from today. Then we have:
y - 20,000 = 500x
Simplifying this equation, we get
y = 500x + 20,000
To find the cost of a new car of this model in 4 years, we can substitute x = 4 into the equation and evaluate
y = 500(4) + 20,000
y = $22,000
Learn more about point-slope form here
brainly.com/question/29054476
#SPJ1
When there are many people seeking the same job, this is known as a _____ of workers.
PLS DONT GUSSSS!!!!!!!!!
consumer
demand
projection
surplus
Answers
Answer:
surplus
Explanation: A surplus is a group of people searching for the same job.
Answer:
surplus
Explanation:
A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______
Answers
A Money Manager is a person or Financial firm that charges customers based on a percentage of the assets under management.
A money manager is someone or a financial firm that manages the securities portfolio of a person or institutional traders. expert money managers do now not receive commissions on transactions; instead, they are paid based on a percent of property underneath management.
A financial firm approach any firm or fund that makes assignment capital or other investments, or that engages in funding banking, the mutual fund business, or the securities commercial enterprise.
A financial services organization is an enterprise or organization which manages, invests, exchanges, or holds money on behalf of customers.
The 4 maximum common sorts of economic establishments are business banks, brokerage firms, insurance organizations, and investment banks.
Learn more about Financial Firm here:- https://brainly.com/question/989344
#SPJ 4
Please I need help!!
Answers
Answer:
A
Explanation:
which of the following is an example of communicating with customers?
a. creating a new product
b. choosing a store to distribute products
c. sponsoring a charity event
d. developing a marketing plan
Answers
Answer:
C. because customers can show up to see what's going on you can interact with them talk to them about your product/business.
If the charity event sponsored represents the example of communication with customers.
The following should be considered:
If the new product should be developed so it is not to be a communication.If the store is selected so it is also not to be a communication.If the marketing plan is developed so this should not represent the communication.But if the charity event is sponsored so this represents the communication with the customers.Therefore we can conclude that if the charity event sponsored represents the example of communication with customers.
Learn more about the communication here: brainly.com/question/22558440
with respect to the earnings management continuum, what is the first item in the continuum and what is the last item in the continuum?
Answers
First item in the earnings management continuum: Legitimate earnings management. Last item in the earnings management continuum: Fraudulent earnings management.
The first item in the earnings management continuum is legitimate earnings management, which involves making strategic decisions within the boundaries of accounting rules to improve the presentation of a company's financial results. This can include timing of revenue recognition or expenses. It is considered acceptable as long as it is done in accordance with generally accepted accounting principles (GAAP) and aims to provide a more accurate reflection of the company's performance.
On the other hand, the last item in the continuum is fraudulent earnings management, which involves intentionally manipulating financial statements to deceive investors, lenders, or other stakeholders. This can include fictitious transactions, improper revenue recognition, or understating expenses. Fraudulent earnings management is illegal and can lead to severe consequences, such as financial penalties, legal action, and damage to a company's reputation.
To know more about continuum, here
https://brainly.com/question/4629227
#SPJ4
which of the following systems support a manager's role as figurehead of an organization? select one: a. email b. telepresence systems c. ess d. dss e. mis
Answers
The system that supports a manager's role as figurehead of an organization is telepresence systems. These systems allow managers to conduct virtual meetings and communicate with stakeholders across different locations, without physically being present in the same room.
As a figurehead of the organization, it is important for the manager to maintain good relationships with stakeholders, and telepresence systems facilitate effective communication and collaboration. While email, ess, dss, and mis also have important roles in supporting the manager's functions, they do not directly support the figurehead role. Answering in more than 100 words, it is important for managers to have access to various systems and technologies to efficiently carry out their roles. However, telepresence systems stand out as a valuable tool in supporting the figurehead role of a manager, by enabling effective communication and collaboration with stakeholders.
To know more about Manager's visit:
https://brainly.com/question/16734045
#SPJ11
Select the correct answer. the bankruptcy abuse and prevention and consumer protection act limited the number of debtors who could declare which type of bankruptcy? a. chapter 7 b. chapter 13 c. chapter 12 d. chapter 15
Answers
The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) limited the number of debtors who could declare Chapter 7 bankruptcy.
The BAPCPA, enacted in 2005, made significant changes to bankruptcy law, aiming to reduce the number of bankruptcy filings and to ensure that individuals pay back some of their debts. Chapter 7 bankruptcy allows debtors to liquidate their non-exempt assets to repay creditors, and remaining debts are often discharged.
BAPCPA introduced a means test to determine if an individual is eligible for Chapter 7 bankruptcy. The test examines the debtor's income, expenses, and debt level. If the debtor's income is higher than the median income for their state, they may be required to file for Chapter 13 bankruptcy instead.
Chapter 13 bankruptcy involves the creation of a repayment plan where debtors pay back a portion of their debts over a 3-5 year period.
In summary, the BAPCPA limited the number of debtors who could declare Chapter 7 bankruptcy by implementing a means test that directs some debtors towards Chapter 13 bankruptcy. This change aimed to reduce bankruptcy filings and encourage debt repayment when possible.
To know more about Bankruptcy Abuse Prevention and Consumer Protection Act refer here:
https://brainly.com/question/2019396#
#SPJ11
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Direction: Read the question carefully and solve it in your answer booklet by showing all the required steps. 1. A furniture company makes TABLE and CHAIR. The company has a maximum of 110 hours of labor and 300 board feet (bf) of wood. They make a profit of $6 per TABLE and $8 per CHAIR. Each TABLE requires 30bf of wood and 5 hour for labor. Each CHAIR requires 20 bf of wood and 10 hours of labor. Read the above scenario and answer the following questions. (13 marks) A. Formulate an appropriate LPP for the above scenario to find the maximum profit. (5 marks) (Marking Scheme: 2 marks for objective function, 2 marks for the constraints and 1 marks for the non-negativity constraints) B. Solve the LPP using graphical method to find the optimal solution.(8 marks) (Marking Scheme: 2 marks for finding the points for drawing lines; 2 marks for drawing graph; 1 mark for feasible region; 1 mark for finding optimal values, 1 mark for finding the unknown point using elimination method and 1 marks final solution)
Answers
The company should make 20/3 TABLES and 5 CHAIRS to maximize the profit. A furniture company makes TABLE and CHAIR. The company has a maximum of 110 hours of labor and 300 board feet (bf) of wood.
They make a profit of $6 per TABLE and $8 per CHAIR. Each TABLE requires 30bf of wood and 5 hour for labor. Each CHAIR requires 20 bf of wood and 10 hours of labor.
A. Formulate an appropriate LPP for the above scenario to find the maximum profit.
Objective function: Z = 6x + 8y where
x = number of TABLE and
y = number of CHAIR.
The company has a maximum of 110 hours of labor and 300 board feet (bf) of wood.
Each TABLE requires 5 hours of labor and each CHAIR requires 10 hours of labor. Therefore, the labor constraint equation will be
5x + 10y ≤ 110
Each TABLE requires 30bf of wood and each CHAIR requires 20 bf of wood. Therefore, the material constraint equation will be
30x + 20y ≤ 300
Non-negativity constraint: x ≥ 0, y ≥ 0
Therefore, the linear programming problem is Maximize Z = 6x + 8y
Subject to constraints:
5x + 10y ≤ 11030x + 20y ≤ 300x ≥ 0, y ≥ 0B.
Solve the LPP using graphical method to find the optimal solution.
Given the objective function Maximize Z = 6x + 8y and the constraints:
5x + 10y ≤ 11030x + 20y ≤ 300x ≥ 0, y ≥ 0
Let's plot the equation of the constraints on the graph.
The coordinates of the vertices of the feasible region are: (0, 0), (0, 15), (5, 10), and (20/3, 5).
Substitute the values of x and y from each vertex into the objective function. The vertex with the highest value of Z is the optimal solution.
Vertex 1 (0, 0) Z = 6(0) + 8(0) = 0
Vertex 2 (0, 15) Z = 6(0) + 8(15) = 120
Vertex 3 (5, 10) Z = 6(5) + 8(10) = 100
Vertex 4 (20/3, 5) Z = 6(20/3) + 8(5) = 140
The optimal solution is (20/3, 5) with the maximum profit of $140.
To know more about the company, visit:
https://brainly.com/question/30572026
#SPJ11
The Upper Tier has a current debt-equity ratio of .52 and a target debt-equity ratio of .45. The cost of floating equity is 9.5 percent and the flotation cost of debt is 6.6 percent. What should the firm use as their weighted average flotation cost?
Answers
Answer: 8.60%
Explanation:
Given the following :
Current debt-equity ratio = 0.52
Target debt-equity ratio = 0.45
Cost of floating equity = 9.5%
Floatation cost of debt = 6.6%
The Weighted average cost is calculated by finding the Weighted average cost of both debt and equity.
1 + 0.45 = 1.45
Weight of debt= 0.45/ 1.45 =0.31034
Weight * cost of debt
0.31034 × 6.6% = 2.0482758
Weight of equity = 1/1.45 = 0.6896551
Weight * cost of equity
0.6896551 × 9.5% = 6.5517241
Sum of both
(6.55 + 2.05) % = 8.60%
PLEASE HELP FAST!!! What is the MOST likely reason that lottery winners often end up with serious financial problems?
They make financial decisions that are not based on their emotions.
They become victims of fraud by those looking to take advantage of the wealthy.
They think over their financial decisions too thoroughly.
The weigh their long- and short-term financial goals before making any decisions.
Answers
Answer:
They become victims of fraud by those looking to take advantage of the wealthy.
Explanation:
The most likely reason that lottery winners often end up with serious financial problems is: “They become victims of fraud by those looking to take advantage of the wealthy.” Hence, Option B is correct.
What does financial problems mean?Financial difficulty is the inability to make either short-term or long-term debt payments. Debt makes managing money more difficult and reduces one's purchasing power.
Up until all obligations are paid, financial issues become a source of worry. It is necessary to find a solution so that debts can be paid back. Students frequently struggle to pay their bills and afford their education, and many of them have poor incomes, limited financial literacy, and many more.
Families are vulnerable to the destructive effects of economic hardship and financial turmoil. Many families lose their houses, automobiles, retirement accounts, valuables, money, health insurance, and other things during hard economic times.
Therefore, Option B is correct.
Learn more about financial problems from here:
https://brainly.com/question/10534532
#SPJ5
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What is the term for an interval smaller than a step?.
Answers
Answer:
Half step
Explanation:
If you're talking about music, then a half step is smaller than a step.
similar to that in manufacturing, the service scheduling hierarchy begins with
Answers
Similar to manufacturing, the service scheduling hierarchy in service industries begins with customer demand.
The scheduling process starts by analyzing and understanding the demand for services from customers. This includes determining the quantity, frequency, and specific timing of service requests. By assessing customer demand, service providers can effectively plan and allocate resources, schedule staff, and manage capacity to meet the needs of customers in an efficient and timely manner. Customer demand serves as the foundation for service scheduling, guiding the decision-making process throughout the hierarchy. It helps service providers anticipate and respond to fluctuations in demand, balance workload, minimize wait times, and optimize resource utilization. Understanding customer demand is crucial for delivering high-quality service, ensuring customer satisfaction, and maintaining operational efficiency. Therefore, customer demand acts as the starting point in the service scheduling hierarchy, shaping subsequent scheduling decisions and strategies.
Learn more about manufacturing here:
https://brainly.com/question/30987662
#SPJ11
You have a $58,000 portfolio consisting of Intel, GE, and Con Edison, You put $23,200 in intel, $15,200 in GE, and the rest in Con Edison. Intel, GE, and Con Edison have betas of 1.3,1, and 0.8, respectively. What is your portfolio beta? 0.810 1.368 1.052 0,992
Answers
The portfolio beta is 1.052.
To calculate the portfolio beta, we use the weighted average of the individual betas, where the weights are the proportions of each investment in the portfolio. Given that the portfolio consists of Intel, GE, and Con Edison with betas 1.3, 1, and 0.8 respectively, and investment amounts of $23,200, $15,200, and the rest in Con Edison, we calculate the weighted average as follows:
Portfolio Beta = (1.3 * $23,200 + 1 * $15,200 + 0.8 * (rest)) / $58,000
Solving for the rest amount in Con Edison: Rest = $58,000 - $23,200 - $15,200 = $19,600
Portfolio Beta = (1.3 * $23,200 + 1 * $15,200 + 0.8 * $19,600) / $58,000
Portfolio Beta = (30,160 + 15,200 + 15,680) / $58,000
Portfolio Beta = 61,040 / $58,000
Portfolio Beta = 1.052
The portfolio beta is approximately 1.052.
For more questions like Portfolio click the link below:
https://brainly.com/question/29333981
#SPJ11
Del Co. Has fixed costs of $100,000 and breakeven sales of $800,000. What is its projected profit at $1,200,000 sales
Answers
Del Co.'s expected profit at $1,200,000 sales are $50,000 with fixed expenditures of $100,000 and break even sales of $800,000.
Break-even analysis is the process of calculating how many sales or units must be made in order to break even after taking into account all the variables and fixed costs. Businesses can use break-even analysis to determine how many units must be sold in order to fully recoup their costs and make a profit. Companies use break-even analysis to determine the price at which they must sell a product or service to cover all variable and fixed costs. The break-even analysis takes into account two costs: fixed expenses and variable costs. Variable costs vary with both the number of units sold and fixed expenses, which typically remain constant regardless of the number of units sold.
To learn more about break even refer here:
https://brainly.com/question/13770712
#SPJ4
Can ah budget include donations to charities
Answers
Answer:
A common rule of thumb for budgeting for charitable donations uses the concept of the 50/30/20 split for your budget. The other portion is for your wants: About 30 percent of your budget goes into this category, which might include vacations, gifts, or date nights.
A boy ate a total of 100 cookies over 5 days. Each day, he ate 6 more than the day before.
How many cookies did he eat on the first day?
Answers
During the course of 5 days, a boy consumed a total of 100 cookies. He ate 6 more calories each day than the day before. How many cookies were consumed on day one.
below is a resolution.
Let x be the quantity of cookies consumed on day one.
1 x
2 x + 1 · (6)
3 x + 2 · (6)
4 x + 3 · (6)
5 x + 4 · (6)
TOTAL 5x + 10(6) = 100 cookies
Solve for x:
5x + 10 · (6) = 100
5x + 60 = 100
5x = 40
x = 8.
8 cooking eating cookies is the right response.
Learn more about cookies here:
https://brainly.com/question/26252639
#SPJ4
what is one simplification that has occurred with business 2.0?
Answers
Business 2.0 refers to the evolution of businesses and their operations in the digital age. One significant simplification that has occurred with Business 2.0 is the automation of processes.
With the development of various technologies and software, businesses can automate tasks that were previously done manually. This has led to increased efficiency, reduced errors, and cost savings. For example, businesses can automate customer service using chatbots, freeing up employees to focus on more complex tasks. They can also automate inventory management, which reduces the likelihood of stockouts and overstocking. This streamlines operations reduces costs, and improves the bottom line. Another simplification that has occurred with Business 2.0 is the use of cloud computing. Businesses can now store their data on remote servers and access it from anywhere in the world. This eliminates the need for expensive physical servers, IT infrastructure, and on-site data centers.
To know more about Business 2.0
https://brainly.com/question/30196711
#SPJ11
Freeman Company uses the perpetual inventory system and applied FIFO inventory Icosting method. At the end of the annual accounting period, December 31, 2014, the accounting records in inventory showed: Transactions Units Unit Cost Beginning inventory, Jan. 1. 2014 Purchase, Feb. 1 300 $20 500 21 Purchase, May 15 400 22 Sale, March 15 (sold at $20 each) (400) Sale, July 31 (sold at $25 each) (500) Required: Assuming that the net realizable value of the inventory is $21 per unit, calculate the following: 1. Cost of goods available for sale 2. Ending inventory to be reported on the balance sheet. 3. Cost of goods sold to be reported on the income statement DHUL-Q
Answers
Based on the FIFO inventory costing method, the cost of goods available for sale is $25,300. However, since the net realizable value of the inventory is $21 per unit, the ending inventory is considered to have zero value on the balance sheet. Therefore, the cost of goods sold to be reported on the income statement is $18,500.
1. Cost of goods available for sale:
Beginning inventory: 300 units * $20/unit = $6,000
Purchase on February 1: 500 units * $21/unit = $10,500
Purchase on May 15: 400 units * $22/unit = $8,800
Total cost of goods available for sale = $6,000 + $10,500 + $8,800 = $25,300
2. Ending inventory to be reported on the balance sheet:
To determine the ending inventory, we need to calculate the remaining units and their respective costs.
Units remaining after March 15 sale: 300 units - 400 units = -100 units (negative indicates a shortage)
Units remaining after July 31 sale: -100 units - 500 units = -600 units
Since there is a shortage of 600 units, the ending inventory will be zero. This means all inventory has been sold.
3. Cost of goods sold to be reported on the income statement:
To calculate the cost of goods sold, we need to consider the units sold and their respective costs.
Units sold on March 15: 400 units * $20/unit = $8,000
Units sold on July 31: 500 units * $21/unit = $10,500
Total cost of goods sold = $8,000 + $10,500 = $18,500
Based on the FIFO inventory costing method, the cost of goods available for sale is $25,300. However, since the net realizable value of the inventory is $21 per unit, the ending inventory is considered to have zero value on the balance sheet. Therefore, the cost of goods sold to be reported on the income statement is $18,500.
To know more about FIFO inventory costing method, visit
https://brainly.com/question/17190532
#SPJ11
A standard is a:??????
Answers
Answer:
b
Explanation:
B is right no doubt about it
all-inclusive vacation. Research an example of the vacation destination you have in mind and list the amenities that are offered. See if you can identify at least two careers from the Arts, AV Technology & Communication Cluster and two from the Hospitality & Tourism Cluster that all work together in this resort.
Answers
It should be noted that essay writing is to students in order to test their writing and reading skills.
How to write an essayBased on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic. In this case, it is about a vacation destination.
Research should be done on the topic and create an essay outline. Set your argument in the introduction and develop it with evidence.
Finally, check the content, grammar, formatting, spelling, of your essay.
Learn more about essays on:
brainly.com/question/24799048
Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Answers
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
Read more about CPA certification
brainly.com/question/20709652
#SPJ1
Describe three features of Agriculture before the Agricultural Revolution.
Answers
The three features of Agriculture before the Agricultural Revolution are "Nomadic lifestyle, Small-scale farming, and Limited technology".
The agricultural revolution was the agriculture small-scale practices and subsistence-based activity that played a secondary role to hunting and gathering.
The three features of Agriculture before the Agricultural Revolution are Nomadic lifestyle, Small-scale farming, and Limited technology.
The Nomadic lifestyle referred to practice in agriculture in which humans were predominantly nomadic and relied on hunting and gathering for sustenance. They moved from place to place in search of food.
The Small-scale farming referred to clearing small plots of land and planting crops.
The Limited technology referred to used primitive tools, such as stone axes and digging sticks, to clear land and plant crops.
To know more about Agricultural Revolution here,
https://brainly.com/question/30584359
#SPJ4
5. The role of government in a market system
a. does not exist
b. is restricted to establishing property rights
C. includes improving situations that would otherwise result in a market failure
d. includes improving on situations that would otherwise result in a government failure
Answers
Un pulpero compra 12 bolsas con 12 pan simples cada una a un precio de $8 cada una al vender 1 pan a $1 cuanto es su utlilidad si los vende todos
Answers
Answer:
La ganancia del pulpero será de $48.
Explanation:
Dado que un pulpero compra 12 bolsas con 12 pan simples cada una a un precio de $8 cada una, para determinar cuál es su utilidad si vende todos los panes cada uno a $1 se debe realizar el siguiente cálculo:
(12 x 12) - (12 x 8) = X
144 - 96 = X
48 = X
Por lo tanto, si vende cada pan a $1, la ganancia del pulpero será de $48.
An expense that is the same amount each month.
Fixed Expense
Variable Expense
Monthly Expense
Answers
Answer:
Fixed Expense
Explanation: