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Vlad1618 [11]
3 years ago
14

. If you were running the clothing or grocery store, which inventory control method would you prefer to use? Describe at least o

ne, and explain why you would use it. (1-2 sentences. 1.0 points)
Business
1 answer:
Aleksandr [31]3 years ago
6 0

If you were running the clothing or grocery store, the use of digital technology that is integrated with software packages like bar coding and software packages accurately controls inventories.

<u>Explanation:</u>

The process of keeping track of information that are related to the items that arrives at a shop and the items that are sold from a shop is called as inventory control. When the size of the shop is not big then this task may appear to be easier. When it comes as a big shop then this becomes a tedious task.

Those items that are kept for sale and those number of items that are left on the store must be taken into account. The items that are returned by the customers should also be considered. These things can be easily controlled by using a software package and a bar coding that is associated with all the apparels in the shop. Whenever new set of items comes into the shop it will be automatically fed to the computer and when the items are purchased by the customers it will also be fed into the computer. Hence the process is made easier.

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If the public decides to hold more currency and fewer deposits in banks, bank reserves a. decrease and the money supply eventual
romanna [79]

If the public holds money, supply does not change, however, bank reverse will decrease, option C is correct.

<h3>What is Money Supply?</h3>

In simple terms, it can be defined as the total amount or volume of money in public or the volume of money in possession of the public.

When the bank holds a large amount of money than the public, the money in circulation will decrease.

Learn more about Money Supply here:

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7 0
2 years ago
What other structures discussed in the chapter might allow the organization to operate more effectively? For example, would the
Pachacha [2.7K]

Explanation:

In that question, the answer is that a move to a product team structure would lead to greater efficiency or effectiveness would depend on the type of product or service the organization offers. Its structure must be developed so that its objectives and goals are more effectively achieved. In a functional structure, for example, which operates in the form of specific departments formed by people who use the same knowledge, tools or techniques to carry out a job, the product team's structure would not be as efficient and effective because all efforts of the divisions of a company with a functional structure are to offer the same product or service, through a system of systematized activities that integrate the organizational whole.

6 0
4 years ago
Let A equal the reported inventory value if the lower-of-cost-or-market rule is applied to individual items of inventory while B
Lera25 [3.4K]

Answer:

The correct answer is A will always be equal to or less than B.

Explanation:

In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.

The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.

5 0
3 years ago
Alice purchases a rental house on August 22, 2019, for a cost of $174,000. Of this amount, $100,000 is considered to be allocabl
Vlada [557]

Answer:

$1,364

Explanation:

According to the MACRS a rental house is classified as the 27.5 year residential property. It is the first year after purchase and August is the 8th month of 2019 and so according to the MACRS depreciation table for the residential property the rate applicable for this property is 1.364%. Maximum depreciation deduction for the year 2019 is

Cost of House = $174,000

Cost of Land = $74,000

Cost of Building = $100,000

As depreciation on land is not applicable because it does not depreciate. The depreciation will be calculated using Building value

Depreciation = $100,000 x 1.364% = $1,364

6 0
4 years ago
Which federal legislation requires lenders to provide consumers with loan cost information?
kykrilka [37]
Answer:

Consumer Credit Legislation.

Explanation:

Consumer credit legislation demands that lenders provide potential borrowers with one or more measures of the cost of a loan.
3 0
3 years ago
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