The main function of merchandise inventory is that with ongoing supply of items the operation will go on.
Explanation:
Inventory is referred to as the raw materials as well as the finished products used to make goods and services.There are various functions of merchandise inventory , they are as follows it increases the productivity in an efficient way as well as increases the profit .It maintains the quality as well as balances the demand and supply. It helps in planning and forecasting also.
Inventory management helps in reducing the cost. Helps in proper monitoring and controlling.
Answer:
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours.
Explanation:
Mining hours of mine 1: M1
mining hours of mine 2: M2
Objective function: Minimize operating cost < 200M1 + 160 M2
Explicit constraints:
6M1 + 2M2 ≥ 12
2M1+ 2M2≥ 8
4M1+ 12M2 ≥ 24
Implicit constraints:
M1> 0
M2>0
See the attachment for feasible region
The coordinates of feasible region are (0,0), (2,0),(0,2),(1.5,1.5)
To maximize cost substitute each of these coordinates in objective function
for(0,0)
cost=0 (neglect this cost since M1>0 and M2 >0)
for(2,0)
cost= 320
for (0,2)
cost= 400
for (1.5,1.5)
cost= 540
the lowest operating cost is achieved when mine 1 is operated for 0 hours and mine 2 is operated for 2 hours
Answer:
A company declared $500,000 of dividends that will be paid two months from now. Total liabilities and dividends payable would increase.
Explanation:
The declaration of dividend increases the total liabilities as a result of increase in current liabilities. Dividend declared is a component of current liabilities, which increases the total liabilities.
There will also be an increase in dividends payable since the dividend is declared but not paid until two months. Dividend not yet paid is a component of dividend payable, which increases the current liabilities and total liabilities of the company.
In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>
Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.
The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.
Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.
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