Answer:
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE
2. For a merchandiser, sales less operating expenses is called gross profit.
FALSE
For a merchandiser,sales subtracted from cost of goods sold is called gross profit.
3. For a merchandiser, the primary source of revenues is the sale of inventory.
TRUE
4. Sales salaries and wages is an example of an operating expense. TRUE
5. The operating cycle of a merchandiser is the same as that of a service company.
FALSE
A perpetual inventory system continuously leeps detailed records of the cost of the each purchase and sale. It shows the inventory that should be on hand for energy item.
Answer:
Option (d) is correct.
Explanation:
Given that,
Reserve requirement = 0.08
Demand deposits = $200,000
Holding in reserves = $4,000
Reserve required:
= Reserve Requirement ratio × Amount of demand deposits
= 0.08 × $200,000
= $16,000
Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.
Answer:
Here we can use a approach which is know as 5 S PLUS 1 S.
Explanation:
This approach of 5 S PLUS 1 S means sort, set in order, shine, standardize,sustain and safety, this is a very common method that corporations uses to increase both their efficiency and productivity with decreasing the wastage of materials.
In this organization workplace method, we start with sorting out all the unnecessary material that we don't need and then we start organizing the workplace, as it is important to keep all the inventories and other useful materials or tools properly and then comes the step of keeping useful stuff tidier and would help in maintaining a certain level of standard in the production and by keeping doing all these things an organization can maintain sustainability and keep the company free from any hazards.
Answer:
Buying an expensive piece of machinery
Explanation:
