Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.
Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.
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If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the: a marginal factor cost is $6.
<h3>Monopsonist</h3>
If a monopsonist offers a wage of $6, he finds that 1.200 people are willing to work for him. This means that the O a. total wage cost is $1,200. b. marginal factor cost is $6. O c. total wage cost is $7.200. o d. $6 wage is too high. o e marginal factor cost is $200.
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Answer:
c. (140,000)
Explanation:
Effect on net income of dropping the North Division:
Sales $(900,000)
Variable expenses <u>$450,000</u>
Contribution margin $(450,000)
Traceable fixed expenses <u>$260,000</u>
Effect on net income <u>($190,000)</u>
Since the North Division currently have Net operating income (loss) of ($50,000), so therefore, after dropping the North Division, the overall company net operating loss will be $140,000 ($50,000 - $190,000).
Answer:
The answer is letter A. Earning normal profits because their returns on investment are equal to the opportunity costs of the time invested.
Explanation:
Because all resources are being used efficiently and there is no need to use them elsewhere.
Answer:
The blend should be made with 720 ml of Product A and 780 ml of Product B
Explanation:
We create excel solve to get the cheapest blend with the requirement givens by the customer:
A B C D E F
1 ml type $ alcohol $mix alcohol mix
2 720 Product A 7 0.95 5.04 0.456
3 780 Product B 3 0.78 2.34 0.4056
4 Total 7.38 0.8616
5 Sales Price 12.50
6 Gross Profit 5.12
Constrains:
A2 = integer
A2 > 1500 x 48/100
A3 > 500
F4 > 0.85
