Answer:
The correct answer that fills the gap is: Supply Chain Management.
Explanation:
To complement the definition, supply chain management (SCM) tracks materials, information and finances during the process that goes from the supplier to the manufacturer, the wholesaler, the retailer, and the consumer. Supply chain management involves the coordination and integration of these flows, both within the same company and between different companies. It is said that the main objective of any effective supply chain management system is the reduction of inventories (assuming that the products are available when necessary). To offer optimal supply chain management solutions, there are currently sophisticated software systems with Web interfaces competing with Web-based application service providers (ASP) that are committed to providing part or all of the SCM service to Companies that hire their services.
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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.
Answer:
- Derek is an agent of Jonah
- Derek failed in his fiduciary duties to his principal
Explanation:
An a agent is someone that is appointed by a principal to take care of their interests. The agent's loyalty is to only his principal and he should not manipulate the relationship for personal gain.
In the given scenario Jonah appointed Derek to arrange for parasailing activity. So he is an agent to Jonah in this respect.
However Derek chooses an outfit called Wind Beneath My Wings where he is an owner, he put aside $600 instead of $350 for the reservation, and the company is unlicensed.
All these are violations of Derek's fiduciary duty. He put Jonah at risk for his own personal gain.
Answer:
c. $1,400
Explanation:
The computation of the amount which is reported in the gross income is shown below:
= Interest on U.S. government bonds + Interest on a Federal income tax refund + Gain on the sale of Madison County school bonds
= $700 + $200 + $500
= $1,400
The Interest on Madison County school bonds $600 is exempt. So, it is not taxable and thus not included in the gross income.
Answer:
С. $1,350.00 Favorable
Explanation:
The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 9,000 × ($19.15 - $171,000 ÷ 9,000)
= 9,000 × ($19.15 - $19)
= 9,000 × $0.15
= $1,350 favorable
The actual price is computed below:
= Actual cost of materials purchased ÷ Actual materials purchased
= $171,000 ÷ 9,000
= $19
