Answer:
The amount a person has to deposit today for it to be $1000 in 5 years at 5% is $783.52
Explanation:
We need to calculate what amount deposited today and compounded at 5% per year would add up to $1000 1 year from now, for that we will have to discount $1000 by 5% and 5 years using this formula.
PV= FV/(1+Interest rate)^N
FV= 1,000
Interest rate = 5%
N= 5
PV= 1,000/(1.05)^5
PV = 783.52
Answer:
d. Minimize the number of times a product is handled
Explanation:
Material handling is the process by which products are passed from different stages of production and delivery before getting to the consumer.
Since material handling is an essential activity in production businesses plan to reduce cost on this activity.
The best way to reduce handling cost is to reduce the number of time a product needs to be handled.
That is reducing to the barest minimum the touch points in process like sorting, moving, preparing, and storing products
Answer:
They could help give stock to the store/s that's using them. Or, they are the ones getting money for the produce or business, but it helps them get more and more resources for their store.
Explanation:
Answer:
Cost of ownership
Explanation:
The cost ownership includes other elements of cost associated with owning a product eg operating cost.
A common example that comes to mind is the ownership of a car, analysing the total cost of ownership would include cost of fueling and maintaining the car as compared to buying a new brand of car.
It takes someone with foresight to see the bigger picture and look at what the product's real value and cost is over time.
Answer:
b.The staffing budget is based on a fixed human resources budget
Explanation:
- The staffing budget is the budget that outlines a money plan to be spent on the employees and consists of the largest investment to the organization.
- It acts as an outline plan for the service companies each staff member corresponds to the salary for the employee in the spreadsheet on a weekly, monthly, and yearly basis.
