It means your order should leave (usually does not mean always) the warehouse ( or the store) within 1 or 2 days after your order is received.
The arrival time will depend on how your order is shipped.
Answer: $150,000
Explanation:
The total cost of estimating and preparing the bid would normally fall between 1% and 2% of the total price of the bid.
It would therefore be best to use an average rate of these:
= ( 1 + 2) / 2
= 1.5%
The estimate will therefore be:
= 1.5% * 10,000,000
= $150,000
Answer:
July 31
Shrinkage Expense $1,800 ($44,300 - $42,500)
Inventory $1,800 Reflects the loss on inventory account.
Explanation:
When the company conduct a physical inventory of their merchandise, most of the time there are discrepancies between physical counts and books values, then it's necessary to reflect that in the accounting,
The correct way is to reflect the difference as a loss in there is less units of goods or as profit if there more units, it's mostly a loss because of damage or theft.
To this case the total amount on the books on July 31 was $44,300 but when the physical counts was made the result was a total value of $42,500, the difference of $1,800 it's reported as a loss to the company in the income statement.
The key advantage of risk management for those involved is that it makes it possible for the project to run smoothly. The possibility of achieving desired results is raised, decision-making is facilitated, and responsibility is distributed to risk owners.
Greater emphasis on regulatory outcomes, resources, and actions across the entire organization. Greater adaptability to changing circumstances increased transparency through accountability and transparent results.
Risk stakeholders are the individuals who are (or believe they are) impacted by a choice, course of action, tactic, or procedure. A stakeholder may change at any point during the process and might be an individual, an organization, or a grouping within an organization, such as the management.
The two major benefits that arise from the market system's restriction of business risk to owners and investors are Risk Management
To learn more on risk management
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