RETAIL INVENTORY METHOD SHOULD BE USED BY A STORE .
Explanation:
The retail inventory method is an accounting method used to estimate the value of a store's merchandise. The retail method provides the ending inventory balance for a store by measuring the cost of inventory relative to the price of the merchandise. Along with sales and inventory for a period, the retail inventory method uses the cost-to-retail ratio.
Periodic counts might be once every two months or every three weeks, depending on warehouse size and company needs. This will create better visibility than yearly or seasonal options but it also requires more time and manpower. Workers must ensure they are performing inventory consistently between each count.
Answer:
0.89 orders per minute
Explanation:
As per the data given in the question,
Batch size = 4 orders
Here, process 1 = cooking
process 2 = Bagging and payment accepting
Time taken to complete process 1 by cooking a batch of 4 orders
= 3 × 1 + 0.5 × 3
= 4.5 minutes
Time taken to complete process 2 by Bagging and payment accepting of 4 orders
= 0.80 × 4
= 3.2 minutes
Time in process 1 is greater than time taken in process 2
Since, process 1 is bottleneck operation So, it will decide the capacity of project. therefore,
Overall capacity = 4.5 minutes for 4 orders
Therefore number of orders = 4 ÷ 4.5
= 0.89 orders per minute
Hence, Process capacity = 0.89 orders per minute
Answer:
The correct answer is letter "A": Greet each group member as they arrive.
Explanation:
If arriving before prospective clients in a business meeting, the salesperson must show his manner and <em>greet every possible customer on their way in</em>. This will let them have an idea of what type of person they are dealing with and could represent a big opportunity to "break the ice" starting small talk.
Answer:
22.5 years will take to exhaust his funds
Explanation:
Consider the following calculations
- PV = 375,000, payment = -35,000, interest rate is 7.5%.
- FV = 0.
- Plugging these numbers into a calculator and solving for number of periods gives 22.5 years.
Answer:
($200)
Explanation:
Calculation to determine What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as scrap
Sales value of reworked material: $31,600
Less: Cost to rework material: $1,500
Net Sales Value: $30,100
Current Scrap Value: $30,300
Net Disadvantage: ($200)
($30,100-$30,300)
Therefore What would be the incremental effect on the company's overall profit of reworking and selling the material rather than selling it as scrap is ($200)
