The best example of a factor that indicates the success of a corporation is its projected earnings. The earnings play a major role in characterizing a successful company. If earnings are stable, has positive growth, and reflects quality, then the corporation is successful.
Answer:
D. All of the above are correct.
Explanation:
Carry Cost : This is the total cost incurred by an entity for taking ownership and storing inventory items, some of these costs are rent of warehouse, inventory insurance, salary of warehouse staff e.t.c.
Stock-out Costs : The is the lost of income and all the expenses associated with the inability to meet customers' orders due to shortage in inventory.
Quality Costs : This is cost incurred by a firm for ensuring that product conforms to established quality standard as well as cost incurred in investigating and correcting substandard products produced.
Shrinkage Costs :
This is the monetary value of the inventory items lost as a result of sharp practices or poor storage environment.
Purchasing Costs : This is the actual cost incurred in buying inventory and bringing it to its present location less any sales discount.
Ordering Costs : This is the entire cost incurred in processing and placing order for inventory.
We can see that all of the above are important in managing goods for sale in a retail company.
if Mavericks decides to forego discounts, then, 15.89% would be the effective percentage of cost of its trade credit.
Effective cost of not taking discount = (1 + (%Discount / (1-Discount%)^ (365/(Total days - Discount days)) -1
Effective cost of not taking discount = (1 + (2% / (100%-2%))^(365/(60-10)) -1
Effective cost of not taking discount = (1.02040816327^7.3) - 1
Effective cost of not taking discount = 1.15890983226 - 1
Effective cost of not taking discount = 0.15890983226
Effective cost of not taking discount = 15.89%
Therefore, if Mavericks decides to forego discounts, then, 15.89% would be the effective percentage of cost of its trade credit.
Read more about effective percentage:
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Answer:
If patty sues, the likely result is:
D. Patty may win under the doctrine of promissory estoppel.
Explanation:
Here, in the given question it is mentioned that Patty is a student who is poor and he is struggling to work and also keep up with her studies inspite of the difficulties.
Her uncle, Fred, promises patty that he will help him in this situation and help her with an amount of $200 per month for the next six months.
Although her uncle, Fred didn't ask her to but patty by herself quits her job so that she gives her maximum time and attention to her studies for the six months in which her uncle was going to help her.
According to what hr uncle promised he gave her the amount which he promised to but this was done for a month and then without saying anything or giving any reason he stopped giving her the amount he promised to.
So, now in this scenario if patty sues the likely result would be:
d. Patty may win under the doctrine of promissory estoppel.
Hello Chessy R,
The answer is C profit. Business want to make as much money as possible.
Hope this helped..
