Answer:
$5,880
Explanation:
The computation of the value of inventory at the lower of cost or market value is shown below
= Number of units purchased × lower per unit
= 280 units $21
= $5,880
Since the lower value per unit is $21 among all given per unit value and the same is to be considered
All other information which is given is irrelevant. Hence, ignored it
Answer:
The correct answer is option D.
Explanation:
Technological change refers to an improvement in the efficiency of a product such that the output level increases without an increase in input.
Here, the rearranging of layout and training of workers is technological change as they are likely to increase production without an increase in inputs.
Damages caused by a hurricane will reduce the output level, so it will not be classified as a technological change.
<u><em>A country is better off producing the goods and services that it has a comparative advantage supplying.</em></u>
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Answer:
The raw material inventory turnover is 9.2 times or 40 days
Explanation:
This problem requires us to compute raw material inventory turnover. The inventory turnover ratio is calculated by dividing the inventory used for a period by the average inventory for that period. Average inventory is used instead of ending inventory because many companies' merchandise fluctuates greatly throughout the year.
So RM inventory turnover = RM used/Average inventory
= 104,600/11,350*
= 9.2 times or 40 days**
* Average inventory = (9,900+ 12,800)/2
** (365/9.2) = 40 days
Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.
<h3 /><h3>Supply Chain Management: What Is It?</h3>
- All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.
- Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.
- Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.
- Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.
Learn more about Supply Chain Management here:
brainly.com/question/14464030
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