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mafiozo [28]
3 years ago
8

Mumbai Grocery in India buys produce directly from farmers. It provides the farmers with information: It tells them the amount i

t would like the farmers to harvest each day to avoid having too little, thus losing sales, or too much, causing some of the produce to spoil and become unsellable. Does Mumbai Grocery have a supply chain orientation? Is it practicing supply chain management? Defend your answers.
Business
1 answer:
MAXImum [283]3 years ago
4 0

Answer:

Yes the Mumbai Grocery is practicing supply chain orientation.

Explanation:

Supply chain orientation has been defined as the ability of a company to identify and recognize the systematic and strategic implication of the activities and process involved in managing various flow in the supply chain.

Therefore a company or an organization is said have supply chain orientation when its management and staff can understand better the implication of flow of information, products, services, finances  across their suppliers and customers.

In the case of the Mumbai Grocery, it can be established that they have SCO because they understand that intrinsic link between her suppliers and customers. Their ability to know what  their suppliers will harvest each day to avoid too little or much is a clear testament that there is a flow of information.

For instance, there are seasons the Mumbai Grocery have identified as low seasons and high seasons in their sale chart. This will form their opinion on the flow of supplies and products from thier supplier and to their customers.

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Gelb Company currently manufactures 52,500 units per year of a key component for its manufacturing process. Variable costs are $
Hoochie [10]

Answer:

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875.

Explanation:

For each Option, include costs which are unavoidable because those would change as a result of this decision, they are relevant costs items.

Total incremental cost : Making

Variable costs (52,500 x $4.05)    $212,625

Fixed Costs (unavoidable)               $75,500

Total                                                 $288,125

Total incremental cost : Buying

Purchase Price ( 52,500 x $3.50) $183,750

Fixed Costs (unavoidable)              $75,500

Total                                               $259,250

Conclusion :

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875 ($288,125 - $259,250).

7 0
3 years ago
The repair shop owner feels that he is losing many customers needing routine repair because of the long wait. He dedicates one h
a_sh-v [17]

Answer:

This question highlight regarding finding out the Flow time which were given as - Inventory / Time.

The repair shop is now dedicates that one elevator for routine and one for key. Now compute the Flow time for both cases.

Case 1: - For Routine Repairs: -

Inventory = 5

Time = 3 per hour.

Therefore, the Flow Time = Inventory / Time = 5/3 = 1.67 hours

Thus, the cars wait time at an average of 1.67 hrs. before being served at routine repairs.

Case 2: - For Major Repairs: -

Inventory = 3

Time = 1 per hour.

Therefore, Flow Time = Inventory / Time = 3/1 = 3 hours

Thus, the cars wait time at an average of 3 hrs. before being served at major repairs.

6 0
3 years ago
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,400 cash and
adelina 88 [10]

Answer:

Pose-for-Pics

1. T-accounts:

Cash

Date     Account Title               Debit     Credit

Aug. 1   Common stock       $7,400

Aug. 2  Prepaid insurance                   $3,000

Aug. 5  Office supplies                             970

Aug. 20 Photography Fees   4,231

Aug. 31 Utilities                                         765

Aug. 31 Balance                                  $6,896

Common Stock

Date     Account Title        Debit     Credit

Aug. 1   Cash                                 $7,400

Aug. 1   Photography equipment 34,400

Aug. 31 Balance             $41,800

Photography Equipment

Date     Account Title        Debit     Credit

Aug. 1   Common stock    $34,400

Prepaid Insurance

Date     Account Title        Debit     Credit

Aug. 1   Cash                   $3,000

Office Supplies

Date     Account Title        Debit     Credit

Aug. 1   Cash                    $970

Photography Fees

Date      Account Title        Debit     Credit

Aug. 20 Cash                                 $4,231

Utilities Expense

Date     Account Title        Debit     Credit

Aug. 31 Cash                    $765

2. Trial Balance

As of August 31

Account Title          Debit     Credit

Cash                     $6,896

Common stock                   $41,800

Equipment           34,400

Prepaid insurance 3,000

Office supplies         970

Photography fees                  4,231

Utilities expense      765

Totals                $46,031   $46,031

           

Explanation:

Before transactions are posted to the T-accounts (General Ledger) they are recorded in the General Journal.  The T-accounts summarize the transactions into various ledger accounts.  Periodically, the accounts are balanced and a trial balance is extracted to check if the posting is error-free.

6 0
3 years ago
What should you do 10 to 15 minutes before a webinar begins?
goblinko [34]
Go to the bathroom, get a glass of water and review you topics.
8 0
3 years ago
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
mixer [17]

Answer:

Option (C) is correct.

Explanation:

Given that,

Estimated overhead cost = $1,540,000

Estimated direct labors (in dollars) = $3,360,000

Estimated direct labor hours = 240,000

Actual overhead cost = $1,240,000

Predetermined overhead rate:

= Estimated overhead cost ÷ Estimated direct labor hours

= $1,540,000 ÷ 240,000

= $6.42 per direct labor hour

6 0
3 years ago
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