Answer:
• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.
• may need to continue producing suboptimal products rather than upgrading its technology
Explanation:
You didn't provide the options but I searched online and got the options from which the correct answers were chosen.
Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.
When there are improvements in technology at the supply stage of the value chain, the company will need to:
• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.
• may need to continue producing suboptimal products rather than upgrading its technology
Answer and Explanation:
The fixed quantity inventory system, the quantity of an order or the lot size is fixed in nature i.e. the similar amount means the quantity is ordered each and every time. It could be managed by continonusly watching the level of inventory. Example - economic order quantity
On the other hand, the fixed period inventory system is a system in which the inventory is to be checked at fixed inventory. It is same as the periodic reveiw system instead of the continuous basis. Example - drugstore
Answer:
Why or why not? Yes, organizing is still a very important managerial function because work is separated, assembled, and coordinated with the help of organizing. Therefore allowing employees to work anywhere, anytime. Also, people still need to plan what to do at what time so as to ensure time maximation.
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Explanation:
Answer: d. 2.27
Explanation:
Asset Turnover = Total sales / Average Assets
Last years turnover ratio was 2.0 so assume Sales were $20 and Assets were $10 which would give the turnover of 2.0
The new turnover would be;
= (20 * 1.25)/(10 * 1.1)
= 25/11
= 2.27
Answer:
a. Debit Unearned Rent Revenue, $4,500; Credit Rent Revenue, $4,500
Explanation:
When the company receives the $27,000 check for six months of advance rent, it records the unearned revenue in a liability account named Unearned Rent Revenue. The resulting journal entry is:
(Dr) Cash, $27,000
(Cr) Unearned Rent Revenue, $27,000
With the passing of each month, the company <em>earns</em> one-sixth (1/6) of the unearned rent revenue (or $4,500), essentially reclassifying the revenue from unearned to earned. Therefore, after one month, the resulting journal entry is:
(Dr) Unearned Rent Revenue, $4,500
(Cr) Rent Revenue, $4,500
