Answer:
D. $55,000
Explanation:
Sales = 250,000
Gross Profit = 250,000 x 40% = 100,000
Cost of goods sold = 250,000 - 100,000 = 150,000
Cost of good sold = Opening Inventory + Purchases - Closing Inventory
150,000 = 35,000 + 200,000 - Closing Inventory
150,000 = 235,000 - Closing Inventory
Closing Inventory = 235,000 - 150,000
Closing Inventory = 85,000
Inventory damaged by flood = 85,000 - 30,000 = 55,000
The property of marginal cost increasing as the quantity of output increases is known as diminishing marginal product.
<h3>What is
diminishing marginal product?</h3>
Diminishing marginal product states that says as more units of a variable input of production is added to a fixed factor of production, output might increase initially but after a point total output would increase at a decreasing rate and marginal product would begin to decrease.
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Answer: The cover letter gives you the opportunity to elaborate on your story before getting the chance to interview with the hiring manager.
Explanation: While you get the chance to exhibit your qualifications for the job and explain what makes you a good fit, an employer gets to know more about your current situation.
True-No conflict will exist between the NPV and IRR methods, when used to evaluate two equally risky but mutually exclusive projects, if the projects' cost of capital exceeds the rate at which the projects' NPV profiles cross.
<h3>
What is NPV and IRR methods?</h3>
While the IRR approach calculates the projected percentage return, the NPV method produces the predicted dollar worth of a project.
Purpose. The breakeven cash flow level of a project is the emphasis of the IRR approach while project surpluses are the subject of the NPV method.
assistance with decisions. Since it provides a dollar return, the NPV approach delivers an outcome that serves as the basis for an investment decision. The IRR approach is not helpful in making this choice because its percentage return does not indicate to the investor how much money will be produced.
Reinvestment rate. When NPV is utilized, the firm's cost of capital is the assumed rate of return for reinvesting intermediate cash flows; when it is the internal rate of return.
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Answer: Customer relationship management
Explanation: Customer relationship management is the process which focuses on building customer royalty and positive relationships with the current and potential customers. It is based on giving quality service and maximum satisfaction to the customer, by fulfilling their specific needs and preference.
In the given case, Franco is taking care of customer needs by keeping records. By managing such records he can make sure to have sufficient stock in hand for fulfilling the orders.
Hence, Franco's system is a part of customer relationship management.
