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3 years ago

Define what a "transactional" relationship is, and discuss how this occurs in logistics.

1 answer:

4 0

Transaction relationship in logistics means that both vendor and client only have an arm's length relationship wherein both only deal with each other in a business setting.

Both sides do not cultivate a more personal relationship with each other. Instead, both are only concerned with the fulfillment of the client's demand on the vendor's supply.

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Flex Co. uses a periodic inventory system. The following are inventory transactions for the month of January: 1/1 Beginning inve

Radda [10]

Answer:

The total cost of goods sold = $37,500

Explanation:

Given:

Beginning inventory = 10,000 units at $3

Purchase inventory = 5,000 units at $4

Purchase inventory = 5,000 units at $5

Sale inventory = 10,000 units at $10

Total inventory units = [10,000 + 5,000 +5,000]

Total inventory units = [20,000]

Total Cost of inventory units = [(10,000×$3) + (5,000×$4) + (5,000×$5)]

Total Cost of inventory units = [$30,000 + $20,000 + $25,000]

Total Cost of inventory units = [$75,000]

Average price per unit = Total Cost of inventory units / Total inventory units

Average price per unit = $75,000 / 20,000

Average price per unit = $3.75

The total cost of goods sold = 10,000 units sold × $3.75

The total cost of goods sold = $37,500

3 0

3 years ago

Due to a recession, expected inflation this year is only 3.75%. However, the inflation rate in Year 2 and thereafter is expected

Solnce55 [7]

Answer:

5.25%

Explanation:

To calculate the inflation for the year 3, we will have to calculate the yield on 1 Year treasury bond.

The yield is calculated using the following formula:

Nominal Yield on Bond = Real risk free rate + Inflation for the year

Here

Inflation for Year One is 3.75%

Real Risk-Free Rate is 3.5%

Nominal yield on bond is Y for year 1

By putting values, we have:

Y = 3.5% + 3.75% = 7.25%

For 3 years treasury bond,

Nominal Yield on Treasury Bond for 3 years = Yield on year 1 + Inflation

Y3 = 7.25% + 1.5% = 8.75 %

Now if we deduct the real risk free rate from the 3 year yield on the treasury bond, then the resultant rate would be the inflation rate for the year 3.

Inflation Rate for Year 3 = Y3 - Real Risk-Free Rate

Inflation Rate for Year 3 = 8.75% - 3.5%

Inflation Rate for Year 3 = 5.25%

4 0

3 years ago

On March 1, the board of directors declared a cash dividend of $0.75 per common share to shareholders of record on March 10, pay

RideAnS [48]

Answer and Explanation:

The Journal Entry is shown below:-

Mar-01

Cash dividends Dr, $98,250

(131,000 × $0.75)

To Dividends payable Dr, $98,250

(Being declaration of dividends is recorded)

Mar-10

No entry required

Mar-31

Dividends payable Dr, $98,250

To Cash $98,250

(To record payment of dividends)

5 0

3 years ago

Suppose the own price elasticity of demand for good X is −0.5, and the price of good X increases by 10 percent. What would you e

nexus9112 [7]

Answer:

a 10% increase in price will reduce the demand and total expenditures on good X by 5%.

Explanation:

Price elasticity of demand(PED) is the degree of responsiveness of demand to a change in price.

Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic

PED is computed as follows:

PED = % change in quantity /% change in Price

So we can apply this formula to this question

0.5 = m/10

m = 0.5 × 10

m = 5.

m= 5%

From the computation above , it is deduced that a 10% increase in price will reduce the demand and total expenditures on good X by 5%.

5 0

3 years ago

Silvia's Studio provided $200 of dance instruction and rented out its dance studio to the same client for another $125. The clie

guapka [62]

Answer:

The general journal entry to be made is:

Dr Cash($200+$125) $325

Cr Revenue from services provided $200

Cr Revenue from rental services $125

Explanation:

The sales revenue is made up of dance and rental services which implies that the account for each is credited with $200 and $125 respectively as increase in income naturally is credited to revenue.

On other hand the receipt of cash of $200 as well as $125 which sums up to $325 implies that cash has increased by the same amount, since cash is an asset an increase in asset has a debit entry, that justifies the reason for debiting cash account with $325

8 0

3 years ago

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