Answer:
160
Explanation:
Reorder point is the inventory level at which new order are placed to prevent a down time due to stock out and and holding cost are also at the minimal level .
<u>Workings</u>
Annual demand = 8000
Ordering cost = $50
Holding cost = $20
Operating days = 250
Lead time =5 days
Re order point = Average daily usage * Average lead time
Average daily usage = 8000/250 = 32
Reorder point = 32*5 =160
Answer:
The correct answer is letter "A": Are amounts owed to suppliers for products and/or services purchased on credit.
Explanation:
Accounts Payable is the amount of the total invoices currently awaiting payment by the company. These invoices are from suppliers of products and services that have recently been delivered. They are usually due within 15, 30 or 45 days after receiving the invoice from the vendor.
Answer:
The answer is:
A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.
Explanation:
We have the current Inventory turnover = COGS / Inventory = 41,700/10,000 = 4.17 times
=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;
Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.
A portion of a larger market with similar needs that are somewhat different from the larger market is known as a market: segment
Option A is correct.
What is a segment of the market?
The term market segment refers to people who are grouped together for marketing purposes. Market segments are part of a larger market, often lumping individuals together based on one or more similar characteristics.
Market segment :
Market segmentation creates subsets of a market based on demographics, needs, priorities, common interests, and other psychographic or behavioral criteria used to better understand the target audience. By understanding your market segments, you can leverage this targeting in product, sales, and marketing strategies.
MEANING OF MARKET SEGMENTATION :
Segmentation is a Marketing Strategy which involve dividing a broad target market into subset of Consumers, Businesses or countries who have common needs, interests and priorities and then designing and implementing strategies to target them.
Learn more about market segments :
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Answer:
Certain regions have specialised in certain industrial production e.g. coal mining in Yorkshire, pottery in Stoke. In Maldives, R.Alifushi is specialised in local boats construction and carpentry.
Explanation: