Answer:
Collaborative Planning, Forecasting and Replenishment
Explanation:
Based on the information provided within the question it can be said that the procedure they are following is known as Collaborative Planning, Forecasting and Replenishment (CPFR). This is a concept whose main focus is enhancing supply chain integration by emphasizing joint practices. Which is what is being done in this situation as companies begin to work closely together with their customers and/or suppliers.
Answer:
$202,701,713.58
Explanation:
Present value of this liability = Value of liability / ((1+r)^t)
Present value of this liability = $750 million / ((1+0.08)^17)
Present value of this liability = $750 million / (1.08)^17
Present value of this liability = $750 million / 3.7000180548
Present value of this liability = $202,701,713.5840815
Present value of this liability = $202,701,713.58
Explanation:
The journal entries are as follows
a. Cash $540
To Account payable $540
(Being the error is recorded)
It is computed below:
= Corrected amount - incorrect amount
= $710 - $170
= $540
b. Bank service charges $20
To Cash $20
(Being the bank services charges are paid in cash is recorded)
All other information is ignored
Answer:
Total Direct labor 59649.6
Explanation:
We have to multiply the production per month, by the amount of hourd it takes to do a single units, then we multiply by the rate per hour.
May 6,600 units x 0.51 DL x 8.6 rate = 28947.6 direct labor cost
June 7,000 units x 0.51 DL x 8.6 rate = 30,702
FInally, we add both values to get the total
Total Direct labor 59649.6
