Answer:
The inventory forecast for next year is $ 120.4.
Explanation:
In this question relationship between sales and inventory is expressed in the form of an equation. This problem requires us to tell the value of inventory if sales is $ 400. So we can simply calculate the inventory value by putting value of x= 400 in the equaltion given in the question.
Inventories = $26.8 + 0.234 x
Inventories = $26.8 + 0.234 ($400)
Inventories = $ 120.4
(<em>Assume sales increase is due to increase in quantity sold not price</em>)
Outsourcing is so sophisticated that even core functions such as engineering, research and development, manufacturing, information technology, and marketing can be moved outside the firm.
The practice of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy.
The outside business, often referred to as the network operator or third-party provider, makes arrangements for its own personnel or technological resources to carry out the duties or offer the services either on-site at the premises of the hiring business or at other places.
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Answer:
1. Merchandiser
2. Periodic inventory system
3. Perpetual inventory system
4. Cost of goods sold
5. Sales discount
6. Credit period
7. Discount period
8. FOB destination
Explanation:
1. Merchandiser: A type of business that earns income by buying and selling merchandise.
2. Periodic inventory system: Inventory is updated for purchases and sales of inventory only at the end of a period.
3. Perpetual inventory system: Inventory is updated for each purchase and each sale of inventory.
4. Cost of goods sold: The expense of purchasing and preparing the merchandise sold during a period.
5. Sales discount: Seller's description of a cash discount granted to buyers in return for early payment.
6. Credit period: The amount of time allowed by a seller before payment is due from the buyer.
7. Discount period: Time period in which a cash discount is available.
8. FOB destination: Refers to credit terms where goods in transit are owned by the seller.
Answer: Option (E) is correct.
Explanation:
Marginal analysis refers to the analysis in which a person find out if he consumes an additional unit of a commodity then how much he is getting an additional utility from that consumption.
This decision is primarily based on whether an additional unit is consumed or not.
All the options indicates the marginal analysis whether an extra unit should be consumed or not, except deciding which college to attend.
Deciding which college is to be attend is an absolute decision rather than marginal analysis.
