Answer:
Assortment warehousing is a form of warehousing that combines classic operations with light manufacturing and packaging duties in order to assure short customer lead times.
Explanation:
Warehousing
This have different points of view. The traditional view about warehousing is that it is a place used in for storage or holding of goods/ inventory
The contemporary opinion about warehousing is that it is has function set in place to mix inventory assortments to meet the need of customer. It deals with the storage of products which is held to a minimum.
Warehousing types
This includes;
1. Distribution centers
2. Consolidated terminals
3. Break-bulk facilities
4. Cross-dockers
assortment warehousing
This is a known form of warehousing. It consists of when different type of goods is held close to the source of demand in order to assure short customer lead time.
Answer:
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
Explanation:
The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.
When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6
Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...
Explanation:
Answer:
Cash and cash equivalents = $20,217
Explanation:
Larkspur Company
Cash and Cash Equivalent
Transaction No. Particulars $
1. Petty Cash Fund 52
2. Treasury Bill 10,200
3. Deposit-In-Transit 255
Cash-in-Bank:
5. Checking account 3,360
6. Savings account 6,350
Total Cash & Cash Equivalent 20,217
Transaction #4. Since it did not post during April, therefore, it could not be a cash item.
Transaction #7. It is an expense.
Transaction #8. IOU is a receivable.
Answer:
22. Option (B) is correct
23. Option (A) is correct
Explanation:
22.
Total Cash Available = Beginning Cash Balance + Budgeted Cash Receipts
= $18,000 + $183,000
= $201,000
Excess (Deficiency) of Cash Available over Disbursements:
= Total Cash Available - Budgeted Cash Disbursement
= $201,000 - $188,000
= $13,000
23.
Amount to be borrowed:
= Desired ending Cash Balance - Excess (Deficiency) of Cash Available over Disbursements
= $30,000 - $13,000
= $17,000
