All categories

3 years ago

If contracting a vendor for multiple locations, particularly over a wide geographic area, the most important factor would be

Business

1 answer:

OLga [1]3 years ago

5 0

Criteria in contracting a vendor are:

Years in business Ability to constantly supply products. Ability to supply complete requirements. Flexibility to allow changes in orders or product lines. Substantial catalogue of products. Has staff that can answer questions you may have. Testimonials and references. Sustainability and financial stability. Prices. Delivery times. Terms of business. Customer service.

The most important factor to consider in contracting a vendor for multiple locations would be delivery times. You need assurance that deliveries can be made where and when you want them.

You might be interested in

Mason and Chenoa orally agree to a contract in which Mason will replace the fixtures in Chenoa’s bathroom. In exchange, Chenoa a

Alex Ar [27]

Answer: Quasi-contract

Explanation:

The quasi-contract is one of the type of retroactive agreement between the two parties and this contract is basically created for the purpose of manage the various types of circumstances such as unjust enrichment regarding the various types of products and the services.

The quasi contract is basically created by a judge in the court too avoid all the conflicts in the party so that both the parties manage their expenses accurately.

According to the given question, Mason can seek the recovery on the basis of the quasi-contract between the Chenao and Mason exchange agreement. Therefore, Quasi-contract is the correct answer.

8 0

3 years ago

Employees at Fratelli Inc. are encouraged to participate in decision making. Organizational control is based on group norms and

BARSIC [14]

Answer:

Letter a is correct. Descentralized control.

Explanation:

A company that has decentralized control has a more flexible hierarchy, where all employees are motivated to contribute ideas and opinions and participate in the decision making process. Decentralized management is common in large companies, such as Google and Dell, which ensures greater autonomy and freedom of action for employees.

The biggest benefits seen by decentralization are the flexibility to adapt to market changes, the speed of decision making that prevents opportunity costs, and the sense of motivation and value creation between employee and organization.

6 0

3 years ago

Economic capital is productive, so it does not include______? money buildings & equipment tools

katrin2010 [14]

Economic capital is productive, so it does not include Money.Economic capital is the amount of risk capital held by a financial services company to enable it to survive any difficulties such as market or credit risks. Money is used to purchase various factors such as raw materials, machinery, labor which help in the production of goods, but money itself does not directly help in the production of goods. The real capital consists of machinery, buildings, tools, factories, tractors, etc, which directly assist in the production of goods

7 0

3 years ago

Cavy Company estimates that total factory overhead costs will be $660,000 for the year. Direct labor hours are estimated to be 1

Kitty [74]

Answer:

A...=$6.6; B=$3,696 and $5,280

Explanation:

A. To calculate the predetermined factory overhead rate,

Given

overhead costs = $660,000

Direct labor hours = 100,000.

overhead rate = overhead cost/labor hours

= $660,000/100000

=$6.6

B. To calculate the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and Job 777 if the amount of direct labor hours is 800

Given

Job 345 direct labor hours is 560

Job 777 direct labor hours is 800

Therefore

Factory overhead for job 345 = direct labor hours × predetermined factory overhead rate

= 560hours × $6.6

=$3,696

Factory overhead for job 777 = direct labor hours × predetermined factory overhead rate

= 800hours × $6.6

=$5,280

C. Journal entry for April

Add the overheads the two current jobs

$3,696 + $5,280= $8,976

Now record $8,976 in debit column against current work

record $8,976 in credit column against factory overhead

Account debit credit

1. current work $8,976

2. factory overhead $8,976

8 0

3 years ago

Read 2 more answers

Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results whi

Lelu [443]

Answer:

Moonbeam Company

a) Incremental analysis for the special order:

Sales revenue ($7.87 * 20,800) = $163,696

Variable costs ($6.62 * 20,800) = (137,696)

Contribution margin = 26,000

Shipping costs (2,900)

Net income from special order = $23,100

b) Moonbeam should accept the special order. It generates some net income for covering the company's fixed cost and does not exceed the company's plant capacity. It only adds about 4% to the operating plant capacity.

Explanation:

a) Data and Calculations:

Total Variable Fixed

Sales (375,200 units) $4,378,000

Cost of goods sold 2,588,880 1,812,216 776,664

Gross profit 1,789,120

Operating expenses 839,510 671,608 167,902

Net income $949,610

Total costs $2,483,824 $944,566

Selling price = $11.67 ($4,378,000/375,200)

Variable costs per unit = $6.62 ($2,483,824/375,200)

Total plant capacity = 500,267 units (375,200/75%)

Increase in plant capacity = 396,000 (375,200 + 20,800)

6 0

3 years ago