Answer:
Benjamin manages the inventory at a textile company. He learns that the vendor has notified the company about the price of color dyes increasing substantially beginning the next month. What best practice should Benjamin follow to avoid buying the supplies at a higher price?
Benjamin should purchase and stock color dyes in the current month in order not to buy at a higher price the following month.
Explanation:
As an experienced inventory manager, Benjamin must as a matter of fact take advantage of such notification given to him by the vendor by purchasing and stock color dyes in the current month so that the company would avoid not to buy at a higher price in the next month. This rare available opportunity presents to the company would enable the company to make more profit because they would buy at a lesser price in the current month and sell at a higher price the next month when the price of dyes shoots up from the original price.
The NPER(Number of Periods) function calculates the periodic interest for a specified payment period on a loan or investment.
So the correct filling is NPER(Number of Periods)
What is NPER
NPER stands for the number of loan payment intervals. As a result, it is a financial word. Excel has a built-in financial feature that we may use to calculate the NPER value of any loan. For the rate, finished payment, current value, and future value, this formula permits user input. We can access this formula via the "Formulas" tab or the keyboard shortcut =NPER().
To learn more about NPER
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<span>Work should be prioritized depending on the urgency of the end result. If certain deliveries are more urgent, they should be completed sooner.</span>
