Answer:
inbound logistics.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
In this scenario, Dave creates and sells DVDs of his magic tricks.
Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.
An inbound logistics can be defined as a supply process which relates with receiving, storing or warehousing of raw materials and the distribution of inventory internally.
Answer:
C. Their incomes tend to be higher than others whose skills are not in demand.
Explanation:
Answer:
Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue funds including
- Pension trust fund revenues
- Endowment where the investment earnings are to be used for public purposes.
- Accumulation of resources for payment of general long-term debt principal and interest.
Explanation:
There are two main reasons for restricting funds legally. It is either for use to accomplish a specific program or to be appropriated at a time in the future.
Pensions are designated to be paid out to the recipients in the future. To achieve these, a certain percentage of their earnings is legally restricted and accounted for in Pension Trust Fund revenues.
Endowment funds is predominant in NGOs where the investment earnings are to be used for public purposes.
Relevant financial institutions can work mutually with a company to accumulate resources for payment of general long-term debt principal and interest.
Comparative: D.
Absolute: B.
Explanation:
Comparative is about opportunity cost whilst absolute is about the quantity productivity efficiency
Answer:
The Break-even annual sales= $2,222,222.22
Explanation:
<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>
Contribution margin ratio = (20-5)/20=75%
Break-even (units) = Total general fixed cost /(selling price- variable cost)
= 5,000,000/75%
= $6,666,666.67
The annual sales = $6,666,666.67/3 = $2,222,222.22
The Break-even annual sales= $2,222,222.22