Ngai Nhung is the sales manager at Hung Technologies. At lunch with the company CEO, Ngai proudly announced that he had negotiated a <u>blanket purchase order</u> with a client that represented the customer's long-term commitment to buy components from Hung.
<u>Option: D</u>
<u>Explanation:</u>
Here Ngai announcement means that the firm's consumers with their suppliers are going to enable several distribution dates across a period of time, often structured to reap the benefits of fixed prices which showcase the long-term relation between firm and consumer, thus understood as a blanket purchase order.
It is basically utilized when expendable products are recurrently needed. Blanket orders are commonly used when a consumer purchases large amounts and receives special discounts. Calculating the predicted amount planned by the recipient of the commodity is the toughest part of getting an agreement.
Answer: d. C(x) = 15 +0.05x.
Explanation:
The Cost function for the cake will be the sum of the fixed and variable costs that Mrs. Dill will incur per cake baked.
Fixed cost = $15
Total Variable cost = Number of cakes baked * variable cost per cake
= x * 5 cents
= x * 5 cents / 100 cents in a dollar
= 0.05x
Cost function is therefore:
= 15 + 0.05x
Answer:
(b) Internal failure costs (d) Prevention cost
Explanation:
(a) External failure costs are those costs incurred due to product failures after they have been sold to customers. These costs include: Legal fees related to customer lawsuits. Loss of future sales from dissatisfied customers.
b) Appraisal costs are a specific category of quality control costs. Companies pay appraisal costs as part of the quality control process to ensure that their products and services meet customer expectations and regulatory requirements. These costs could include expenses for field tests and inspections
(c) Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory. These failures are discovered through the firm's internal inspection processes.
(d) Prevention costs are those costs incurred to avoid or minimize the number of defects at first place are known as prevention costs. Some examples of prevention costs are improvement of manufacturing processes, workers training, quality engineering, statistical process control
Answer:
Benefits of taking college loan
Explanation:
Their are various cost and benefits of taking a college loan most importantly the basic benefit is that the loan involved is mostly interest free and student friendly students don't have to bear any additional cost involved students along with less interest can help in managing their financial expenses manage their school fees and can improve their qualifications as well their so basic benefit is that they can manage their qualification expenses very well so one should keep in mind availing the facility of loan that they just have to return the principal amount on easy payback conditions as per their own suitability one can avail the facility and opt for the loan and then your education will definitely improve in result of that.
