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Answer and Explanation:
a. The current ratio is
We know that
Current ratio = Current Assets ÷ Current Liabilities
= $440,000 ÷ $200,000
= 2.2
Cash $160,000
Marketable Securities $75,000
Account receivable $65,000
Inventory $140,000
Current Assets $440,000
Account Payable $200,000
current liabilities $200,000
b
Quick ratio =( Current assets - inventory ) ÷ Current Liabilities
= ($440,000 - $140,000 ) ÷ $200,000
= 1.5
Answer:
access to end consumers
Explanation:
Handling the supply chain relates to handling the day-to-day operations related to the product and services.
The goal is to turn the raw material into the finished products by going through the process work cycle so that the product is ready to be sold and shipped to the consumer with prescribed time and exact location.
In turn, it also focuses on achieving a competitive advantage and improving client satisfaction.
At the beginning of the supply chain, they less focus to the end consumers.
Answer and Explanation:
The computation of the total incremental cost is shown below;
For making 53,500 units
<u>Particulars Relevant Relevant Total </u>
<u> Per Unit Fixed Costs Relevant Costs
</u>
Variable Cost
Per Unit $2.95 $157,825
(53,500 units × $2.95)
Fixed
Manufacturing
Costs $67,000 $67,000
Total Incremental Costs to Make $224,825
For making 53,500 units
<u>Particulars Relevant Relevant Total </u>
<u> Per Unit Fixed Costs Relevant Costs
</u>
Purchase
Price
Per Unit $3.50 $187,250
(53,500 units × $3.50)
Total Incremental Cost to Buy $187,250
The company should buy the component from the outside supplier as it saves the cost for ($224,825 - $187,250) = $37,575 plus the buying cost is less than the making cost
Answer: D) scatter diagram.
Explanation:
Scatter diagram is a graph with two variables values plotted along two axis in which the pattern reveals if there is any correlation through the resulting points/ dots. It is used to determine the relationship between two variables in which both are along the same curve.
Scatter diagram is used when:
• Numerical data are in pairs.
•To determine relationship between two variables.
•To determine the effect and cause of two variables when they appear similar.
•To determine the root cause of a potential problem.
