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FinnZ [79.3K]
3 years ago
9

Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make th

e components come into the company and how the finished parts are shipped to end-users. Which part of the supply chain does Katrine work in?
Business
1 answer:
pychu [463]3 years ago
7 0

Katrine works in material planning and control part of the supply chain.

<u>Explanation: </u>

Material preparation is a mathematical method used to assess in advance, according to the development schedule, demands for raw materials, additional related components, spares and other items. The whole plan event is a module. The process of product preparation affects several factors.

  • Micro factors: Mainstreaming, rejects, lead times, stock inventory levels, working capitals, power delegations, and interaction constitute some of the micro factors affecting material planning.
  • Macro factors: Price dynamics in economic cycles Govt are among the micro factors that impact product planning.

The product quality program will result in the planning and procurement of the goods delivery schedule .

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On December 31, Strike Company has decided to discard one of its batting cages. The initial cost of the equipment was $208,831.0
borishaifa [10]

Answer: Equipment Cr. $208,831.00

Explanation:

The Asset was purchased at a cost of $208,831.00 and this was reflected in the Equipment account.

When disposing of the Equipment therefore, the Equipment account has to be credited by a total amount corresponding to the same amount which is $208,831.00 to ensure that the asset will be removed from the Equipment account as it is no longer in the company.

5 0
3 years ago
Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this
shtirl [24]

Answer: 19.93 minutes

Explanation:

This is the complete question

Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil and lube service at this garage is 15 minutes per car and the standard deviation is 2.4 minutes. The management wants to promote the business by guaranteeing a maximum waiting time for its customers. If a customer's car is not serviced within that period, the customer will receive a 50% discount on the charges. The company wants to limit this discount to at most 2% of the customers. What should the maximum guaranteed waiting time be? Assume that the times taken for oil and lube service for all cars have a normal distribution

The solution is attached below

3 0
3 years ago
Potential GDP refers to the level of ___________ Select one: a. Nominal GDP in the long run. b. Nominal GDP in the short run. c.
Aloiza [94]

Answer:

c. Real GDP in long run

Explanation:

Potential GDP refers to the level of real GDP in long run.

8 0
2 years ago
Read 2 more answers
In 2021, CPS Company changed its method of valuing inventory from the FIFO method to the average cost method. At December 31, 20
alekssr [168]

Answer:

Entry to record adjustment:

COGS Dr $9.4m

         Inventory Cr $9.4m

Explanation:

The question relates to a change in accounting policy. According to IAS 8 (changes in accounting policy and estimate), a change in accounting policy is to be reflected retrospectively and prospectively, which means any changes should be implemented by bringing changes in the past records. Since CPS company has been using FIFO method, the inventory has been overstated in the financial statements. A shift to AVCO has resulted in a decrease in inventory value.

The value of inventory has to be reduced as a result of change in accounting policy (i.e $38m - $28.6m). This is the closing inventory so a reduction in the value of closing inventory results in an increase in cost of goods sold (COGS), therefore, the adjusting entry will be aimed at reducing inventory and increasing cost of goods sold, see as follows:

Entry:

COGS Dr $9.4m

         Inventory Cr $9.4m

8 0
2 years ago
Provide the names of two (a) asset accounts, (b) liability accounts, and (c) equity accounts.
tamaranim1 [39]

Answer:

two (a) asset accounts

  • Cash and cash equivalents, which is the most liquid asset.
  • Inventory, which are the goods that the company buys or produces, to sell later on, and make a profit.

two libability accounts

  • Acconts payable, which is the money that the company owes.
  • Unearned revenue, which are revenues for goods or services that have not been delived yet.

two equity accounts

  • Common stock, the most typical form of equity.
  • Retained earnings, income that is left after paying dividends.

Explanation:

3 0
3 years ago
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