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Leto [7]
2 years ago
10

Outline TWO benefits of using the FIFO system for Mcdonald’s

Business
1 answer:
ehidna [41]2 years ago
4 0

There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;

<h3>What is FIFO?</h3>

FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.

Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.

Learn more about FIFO here:

brainly.com/question/17236535

#SPJ1

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DeMagistris Fashion​ Company, based in New York​ City, imports leather coats from​ Acuña Leather​ Goods, a reliable and longtime
Nadya [2.5K]

Answer:

$1,333,333.33

Explanation:

Exchange rates (Ps/$)3.50 4.50

New exchange rate (Ps/$)6.00

Less Exchange rate allowable (Ps/$)4.50

= (Ps/$)1.50

Shares of De Magistris' 0.75

Shares of Acuña's..0.75

Top of range 4.50

Add Share 0.75

=5.25

Let Assumed hat 6 months of imports will still be (Ps) $7,000,000

÷ Exchange rate for DeMagistris (Ps/$)5.25

= $1,333,333.33

6 0
3 years ago
Assume that the labor market for barbers is competitive and that it is differentiated into two groups:
ehidna [41]

Answer and Explanation:

I will go through each and every option explaining the reasons and what option would be the best:

The (a) part says 'difference in wages will eventually disappear since a haircut is a homogeneous good' - This is not true because even though it is an homogeneous product, some customers do have a strong preference for barbers who are not going bald. Therefore, they know their worth and they would want to capitalize on that and get paid just a bit more than bald barbers.

The (b) part says 'barbershops that hire barbers with hair will be able to charge a higher price for a haircut to those consumers who have a strong preference for barbers with hair'. - If the barbershop charges higher price for barbers that have hair then the customers will prefer bald barbers as the questions mentions that there is high competition and since it is an homogeneous, customers would be willing to save money and get their haircut from some other barber.

The (c) part says 'barbershops that hire bald barbers will always be much more profitable' - Not necessarily. The reason is that some customers have a strong preference for barbers who are not bald and therefore, that would help barbershops who have barbers with hair to be a bit more profitable as some additional customers would want their services.

The (d) part says 'barbershops that hire barbers with hair will always be much more profitable' - This is the best option and the reason for it is because some customers have a strong preference for barbers with hair and that would help the barbershop to earn more. They would have the customers who already indifferent to whoever cuts their hair and in addition to that, they would also have the customers who have their preference.

Hence the answer is D.

4 0
4 years ago
Tools, equipment, and factories used in the production of goods and services;
Luba_88 [7]

Answer:

capital

Explanation:

The capital assets are all those belongnings of the company that help creating revenue.

4 0
4 years ago
Read 2 more answers
Jerry and Julie are brother and sister. Jerry sold stock to Julie for $5,000, its fair market value. The stock cost Jerry $10,00
musickatia [10]

Answer: $8000

Explanation:

From the question, we are informed that Jerry and Julie are brother and sister and that Jerry sold stock to Julie for $5,000, its fair market value.

We are further told that the stock cost Jerry $10,000 five years ago and that Jerry also sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago.

Jerry's recognized loss before the $3,000 capital loss will be difference between $10,000 which was the cost and the 2000 which Jerry later sold it for. This gives:

= $10,000 - $2000

= $8000

5 0
3 years ago
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Savatey [412]
The correct option is C.
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4 0
3 years ago
Read 2 more answers
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