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1 year ago

How can financial risks in a supply chain be managed?

1 answer:

8 0

The financial risks in a supply chain be managed by using a new low-cost source of supply, hedging, and by reducing unnecessary costs in supply chain operations.

In order to manage supply-chain financial risk, one should have an in-depth understanding of their suppliers before contracting them. As this allows you to build better working relationships and minimize your vulnerability to risks. Thus, before signing the contract, check the financial stability and viability of each supplier.

Risk management is very important in supply chain, as it is a key in eliminating waste and stimulating other best practices within the supply chain for better efficiency.

Thus, wasting resources can add risk to the organization and supply chain.

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The invisible hand refers to the Multiple Choice fact that the U.S. tax system redistributes income from rich to poor. fact that

oksian1 [2.3K]

According to the theory of the invisible hand, when there is competition, self-interested decisions advance the society interests.

<h3>What is the invisible hand theory?</h3>

Adam Smith, a Scottish philosopher and economist, popularized the metaphor of the "invisible hand" to describe the processes by which positive social and economic consequences may result from the collective self-interested acts of individuals, none of whom intend to produce such outcomes.

<h3>How is Adam Smith's invisible hand idea still applicable today?</h3>

An important economic idea that is still relevant today is the invisible hand theory. It may provide insight into the operation of free markets and consumer behavior. Although the idea is significant, it is frequently applied in ways that are inconsistent with Smith's original text or out of context.

<h3>What exactly is the "invisible hand" and why is it significant?</h3>

The term "invisible hand" describes how an individual's self-interests help society as a whole. In other words, through pursuing the profit motive, individuals are required to offer commodities at a cost that others are prepared to pay. Society gains as a result since those goods might not have been created otherwise.

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8 0

2 years ago

The best supplier will depend on the type of business. Explain how a business that specializes in supplying plumbers would have

IgorLugansk [536]

Answer:

the $$$ of the different thing will play a big part

7 0

3 years ago

Which statements indicate that Rick’s company is a limited liability company? Rick Douglas is a bright and passionate lighting d

uranmaximum [27]

The statements are:

Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns.

The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.

4 0

3 years ago

Muffin’s Masonry, Inc.’s, balance sheet lists net fixed assets as $18.00 million. The fixed assets could currently be sold for $

jeyben [28]

Answer:

Book Value Market Value

Current Assets $14 m $14.95 m

Fixed Assets $18 m $27 m

Total $32 m $41.95 m

Explanation:

For book Value:

Net fixed assets=$18.00 million

Current Liabilities=$7.50 million

net working capital=$6.50 million

Formula:

Net working capital=Current assets-Current Liabilities

$6.50 million=Current assets-$7.50 million

Current Assets=$6.50+$7.50

Current Assets=$14 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$18 m+$14 m

Total Assets=$32 m

For Market Value:

Net fixed assets=$27.00 million

Current Liabilities=$7.50 million

net working capital=$7.45 million

Formula:

Net working capital=Current assets-Current Liabilities

$7.45 million=Current assets-$7.50 million

Current Assets=$7.45+$7.50

Current Assets=$14.95 million

Total Assets=Net fixed assets+Current Assets

Total Assets=$27 m+$14.95 m

Total Assets=$41.95 m

Book Value Market Value

Current Assets $14 m $14.95 m

Fixed Assets $18 m $27 m

Total $32 m $41.95 m

8 0

4 years ago

Addison Co. budgets production of 2,790 units during the second quarter. Other information is as follows: Direct labor Each fini

Doss [256]

Answer and Explanation:

1. The preparation of direct labor budget is given below:-

Direct labor budget

Units to be produced 2,790

Hours required per unit 5

Total labor hours needed 13,950

(2,790 × 5)

Labor rate per hour $10

Direct labor budget $139,500

(13,950 × $10)

2. The preparation of factory overhead budget is given below:-

Total labor hours needed 13,950

Variable overhead rate per hour $12

Budgeted variable overheads $167,400

(13,950 × $12)

Budgeted Fixed overheads $580,000

Budgeted total overheads $747,400

8 0

3 years ago