An example of operational plan is illustrated when the firm plans to hire thousands of temporary and seasonal help for the final three months of the calendar year.
<h3>What is an
operational plan?</h3>
These are plans that outlines the key activities an organisation will undertake during a period of time usually one year.
Most times, this plans are utilized to work towards achieving the aims and objectives set out in the strategic plan.
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The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
<h3 /><h3>What is inventory holding cost?</h3>
- The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
- Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
- Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
- To reduce stock-out costs, merchandise is kept on hand.
- To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.
- Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs.
- Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.
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Answer:
Gain recognized by Ben = $10,000
Explanation:
Given Data:
Adjusted basis of property=$40000
Cash received = $15000
Additional stock received = $35000
Total received = Cash received + Additional stock received
= $35000
+ $15000
= $50000
Gain recognized by Ben = Total received - Adjusted basis of property
=$50,000 -$40,000
= $10,000
Therefore, gain recognized by Ben = $10,000
Answer:
Body language is necessary to read other people's true feelings and intentions. It helps you connect with them and build better relationships. In a meeting context, it helps to see the reactions of the participants: a facial expression can reveal a point of view before a word is spoken
Answer:
Option (d) is correct.
Explanation:
Given that,
Direct materials = $44,200
Direct labor = $31,800
Manufacturing overhead = $25,200
Selling expenses = $22,100
Administrative expenses = $37,100
Conversion cost:
= Direct labor + Manufacturing overhead
= $31,800 +$25,200
= $57,000
Therefore, the conversion costs during the month totaled $57,000.
