Answer:
Flex warehousing
Explanation:
Flex warehousing also known as Public Warehousing, is a form of warehousing in which various firms seek to store high-turnover product in spaces for short periods of time.
It is a type of warehouse space which allows many clients' products to be received, handled, stored, and transported out in a flexible environment.
It is used to cater for overflow of goods, so as to maximize the space and labor reserved for only one contract client at a time.
Hence , in this case, this is an example of FLEX WAREHOUSING.
Answer:
a. 1.51 containers
b. Fewer
Explanation:
The computations are shown below:
a. The number of containers would be
= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces
= 70 × 0.75 × (1 + 0.15) ÷ 40
= 1.51 containers
The time is converted from minutes to hour i.e 45 minutes ÷ 60 minutes = 0.75
b. If the system improves, the fewer containers are required i.e 2 containers approximate because inefficiency factor got decreased
Answer:
b.$ 66
Explanation:
The question requires that Summit requires a return on sales of 25 %. To achieve that the cost of goods sold should be 75 %.
if the revised selling price is $ 88
the target cost price would be ( $ 88 * 75 %) % 66
Answer:
Consider the possible advantages and drawbacks of a decision.
Explanation:
In Financial accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Cost-benefit analysis is also known as the break even analysis, it is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Generally, to use the cost-benefit analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
Hence, a business performs a cost benefit analysis when it consider the possible advantages and drawbacks of a decision i.e whether or not it would bring value to the company or create a significant level of impact on the business.
Answer: (D) Initiating
Explanation:
The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.
The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.
According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.
Therefore, Option (D) is correct answer.
