All categories

3 years ago

Primary reason for holding inventory

1 answer:

6 0

The primary objective in terms of holding inventory is to ensure that customer service targets can always be met without compromising cash flow or running out of stock. When customers cannot purchase what they need, when they need it, they often cease to be customers

You might be interested in

Between and , the u. s. dollar ______ against the canadian dollar. between and , the u. s. dollar ______ against the

dybincka [34]

Answer:

would be the dollar value between the US and Canadian

4 0

2 years ago

How do corporations raise money and resources to expand? Select THREE answers.

Vladimir [108]

Correct answer choices are :

A) They request a bank loan.

D) They agree to sell stocks.

E) They issue bonds.

Explanation:

Also, interest paid on bonds is a tax-deductible business investment for the organization. The problem is that interest payments generally are made on bonds even when no profits are earned. For this reason, a smaller corporation can sometimes raise much capital by issuing bonds.

4 0

4 years ago

Read 2 more answers

Given the following, calculate total manufacturing costs: Direct materials: $40,000; Direct labor: $100,000; Manufacturing overh

vfiekz [6]

Answer:

cost of goods manufactured= $278,000

Explanation:

Giving the following information:

Direct materials: $40,000

Direct labor: $100,000

Manufacturing overhead applied: $120,000

Beginning Work in process inventory: $30,000

Ending Work in process inventory: $12,000

<u>To calculate the total manufacturing costs, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 30,000 + 40,000 + 100,000 + 120,000 - 12,000

cost of goods manufactured= $278,000

4 0

3 years ago

If a firm decided to reevaluate and reorganize the way it did business, in hopes of creating competitive advantage, by changing

Vsevolod [243]

Answer:

C. Business process improvement.

Explanation:

Product reevaluation and Life cycle costing are product dependent and aims to improve products on the individual level and the business on the whole.

Business Intelligence is when businesses use different types of data to compile an analysis for informed decision making.

A value chain refers to all the activities that a business undertakes from procurement of raw materials to adding value. This can be a part of improvement process but it is not directly related.

Business process improvement is when management identifies all the business processes and analyses if there is a need for improvement and identifying areas that need change - then improving upon these findings.

This is the right answer.

Hope that helps.

6 0

3 years ago

After a customer has purchased a refrigerator, he was offered free delivery, installation, financing, and warranty. this is know

Leni [432]

After a customer has purchased a refrigerator, he is offered free delivery, installation, financing, and warranty, this is known as the “Augmented Product”.

<h3>What is an Augmented product?</h3>

An augmented product contains extra features or services added by its seller to distinguish it from comparable goods offered by rival businesses. A product can be improved by including additional, non-physically present features or advantages.

Free delivery and in-home service installation are two aspects that are used to build better items. Cosmetics businesses routinely offer free makeovers and travel-size samples to market their goods.

<h3>What is a product?</h3>

A product is an item that can be offered for sale.

<h3>Who is the customer?</h3>

A customer buys the product to consume.

To know more about Augmented Product visit:

brainly.com/question/28017400

#SPJ4

3 0

2 years ago

Primary reason for holding inventory​

Primary reason for holding inventory