Uhm financial crisis, poverty, homelessness, debt, etc...
Organization need to account for location changes of their inventory because the control of Inventory helps them to know the amount of inventory that they have.
<h3>What is inventory location?</h3>
An Inventory locations is known to be seen as places where inventory is said to be saved and where it is distributed.
Note that Organization need to account for location changes of their inventory because the control of Inventory helps them to know the maximum amount of profit as it is gotten from the least amount of investment in stock without influencing customer satisfaction.
Therefore, Profit = Amount of stocks available - inventory sold.
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Answer:
The board members of Company A, Inc. are considering purchasing a warehouse for the storage of inventory for the company. During the consideration of different warehouses from the realtor, the board votes to purchase the warehouse in Ohio as a centrally located warehouse to their Michigan headquarters. During the discussion, not many options were discussed regarding each property, and the board rushed the process. One of the board members stated that the process did not require much time because they relied on the information and reports from the realtor. It is later discovered that a board member, Lisa, owned 10% of the Ohio Warehouse that the company purchased. She has stated that the warehouse was 10% hers as a result of a property settlement years ago, and she did not see her small interest ownership as being something to the level that she was going to greatly benefit from the sale, so it was nothing she felt a concern about. Some of the shareholders feel this decision may not have been in the best interest for the company and are considering legal action against the board.
a. Explain what defense the board members have regarding their decision i
Explanation:
I don't know
Answer:
Period cost= $840
Product cost= $1260
Explanation:
Product costs are the direct costs involved in producing a product.
Period costs are not directly tied to the production process.
The insurance premiums that a company pays for nonmanufacturing protection will be expensed in the period in which the insurance premiums expire. However, the insurance premiums for the manufacturing operations will become part of the product costs as the insurance premiums expire.
<u>In this exercise:</u>
Period cost= 2100*0,40= $840
Product cost= 2100*0,60= $1260
When efficiency is disrupted in pure competition producers will reallocate resources until product supply is such that price will again equal marginal cost.
<h3><u>
Explanation:</u></h3>
Marginal cost refers to the cost that is incurred due to the production of additional one unit of any goods or services. It includes all the cost in the production of the extra one unit of the product or services. For instance consider an organisation is planning to build a new machine fore the product of a product and the cost associated with building the new plant will be the marginal cost.
Pure competition market is also called as perfect market. Here there will be a large number of sellers who are the competitors selling a same product. In such a market when the efficiency gets disrupted, then the producers can involve in the reallocation of resources until product supply is such that price will again equal marginal cost.
