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Nezavi [6.7K]
3 years ago
13

A company has decided that it no longer needs to extensively count and inspect the products it buys from a particular supplier.

This suggests that the buying company has is in the volume consolidation stage of developing procurement strategy.
Business
1 answer:
agasfer [191]3 years ago
3 0

Answer: False

Explanation:

The VOLUME CONSOLIDATION Stage is where a company attempts to reduce the number of suppliers that it has and consolidates the volume of sales it does through them.

This strategy helps in having a better relationship with suppliers as well as earning a claim on their business which would go a long way in price negotiation.

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Ranada Company manufactures and sells sportswear products. Ranada uses activity-based costing to determine the cost of the custo
mote1985 [20]

Answer: The customer cost for combined shipping and returns of Product 1 is <u>$6.25 per unit.(option c)</u>

We arrive at the answer as follows:

<u>A. Calculating cost of returns</u>

Cost of returns = Cost per returns * Number of returns

Cost of returns = 45 * 150

Cost of returns = 6750

<u>B. Calculating Cost of shipments</u>

Cost of shipments = Rate per shipment * Number of shipments

Cost of shipments = 10 * 1200

Cost of shipments = 12000

C.Calculate total cost of shipments and cost of returns

Total Cost = Cost of shipments + Cost of returns

Total Cost = 12000 + 6750

Total Cost = 18750

<u>D. Calculate cost per unit</u>

Cost per unit = \frac{Total Cost}{Number of units shipped}

Cost per unit = \frac{18750}{3000}

<u>Cost per unit = 6.25</u>







4 0
4 years ago
What is good about having a credit card? what is bad?​
navik [9.2K]

Answer:

Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don't use them responsibly.  At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.

Explanation:

7 0
3 years ago
The law of demand states that:
denis-greek [22]

Answer: The law of demand States that as price falls, quantity demanded increases and vice versa. (A).

Explanation:

In Economics, the law of demand states that all other things being equal; as the price of a good or commodity or service increases (↑), the quantity of the good/service demanded declines (↓); also, as the price of a good/service declines (↓), the quantity demanded increases (↑).

In other words, the law of demand shows an inverse relationship between the price and quantity demanded of a good/service.

Consequently, other things being constant, the quantity demanded of a good/service is inversely proportional to the price of the good/service.

For example if the price of a luxurious car falls it would motivate the buyers to rush to get a car. This law of demand is also used by marketers to attract buyers by the use of discount on goods.

6 0
3 years ago
Which of the following statements regarding EBITDA is correct: Select one: a. A defined term in GAAP b. None of the listed answe
andrezito [222]

Answer:

b. None of the listed answers

Explanation:

EBITDA means earnings before interest , tax, depreciation and amortization, whereas operating is the gross profit minus all operating costs, since depreciation and amortization, which are operating costs would have been deducted in arriving at EBITDA, it means operating income and EBITDA are not the same.

Net income is gross profIt minus interest,tax ,depreciation and amortization, hence, it is a far cry from EBITDA.

Note also EBITDA is not recognized by generally accepted accounting principles (GAAP) as a performance measure

4 0
3 years ago
The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m
Gekata [30.6K]
<h2>10 workers would cause the marginal  to exceed the marginal benefits.</h2>

Explanation:

  • Let us understand the term "Marginal benefits".
  • It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
  • In terms of producers, the marginal benefit is termed as marginal revenue.
  • Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
  • Marginal revenue always falls below marginal cost.
  • It is the revenue that the organization receives for selling one additional unit.
8 0
4 years ago
Read 2 more answers
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