Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
<h3>What is procurement?</h3>
Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.
Procurement give account of all the logistics involved and the materials bought.
Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
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The answer is a mixed economy. most commercial enterprise establishments in America are privately owned, however, the federal government owns a number of predominant businesses, e.g., the U.S. Postal carrier. This suggests that the U.S. financial system is first-rate categorized as a mixed economy. A combined financial system combines the blessings and disadvantages of a marketplace, it's a device protects non-public belongings and lets in a degree of economic freedom inside the use of capital.
Answer:
Risk free rate(Rf) = 1.5%
Market return(Rm) = 8%
Beta(β) = 0.8
ER(P) = Rf + β(Rm – Rf)
ER(P) = 1.5 + 0.8(8-1.5)
ER(P) = 1.5 + 0.8(6.5)
ER(P) = 1.5 + 5.2
ER(P) = 6.7%
Alpha = Annual average return - ER(P)
= 7.2% - 6.7%
= 0.5%
Explanation:
In this case, we will calculate the expected return on the stock based on CAPM. Thereafter, we will calculate alpha by deducting the expected return from annual average return.
Answer:
Working capital is essential to a company's fundamental health and operational success. It helps in maintaining a solid balance between growth, profitability and liquidity.
Net working capital is the difference between a business/ company's current assets and current liabilities or debts.
Current assets are cash, accounts receivable and inventories of raw materials and finished goods
Current liabilities are accounts payable.
Explanation:
Working capital helps to maintain smooth operations and help improve a company's earnings and profitability and it includes:
1. Inventory management
2. Management of accounts receivable and account payable.
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