Answer:
The total needs of material K in November = 52,410
Explanation:
opening ( 13600 * 3 )= 40,800 *30% 12,240
Purchases 40,170
total Available material 52,410
used for production(13,600*3) 40,800
Closing inventory ( 12,900 *3 ) = 38,700*30% 11,610
The opening inventory for November is October's closing inventory
Answer:
Implicit cost
Explanation:
The rental income Jacques could receive if he chose to rent out his showroom instead of using the showroom for the operation of his guitar business will be classified as an<em> Implicit cost .</em>
<em>An implicit cost in business is a cost that results from the lost opportunity of not using a company's/business own resources excluding cash resources</em>. they are also seen as economic gain/profits sacrificed for not using the company's resources.
Jacques could use the showroom but when he decides to rent it out it becomes an implicit cost even though the rent generates revenue for him.
Answer:
Total debits to the inventory account would be $34,500
Explanation:
Since the company uses the perpetual inventory system. They are aware of the cost of each merchandise. Also freight costs are included in the inventory cost since this cost are needed in order to get the inventory.
Answer:
Yield management pricing.
Explanation:
One problem in the interstate trucking industry is the number of trucks that return after making a delivery with an empty truck. However, there is a website where independent interstate truckers can look for loads that they can carry with them on their return trip. Because the trucks would be returning empty (and inefficiently), truckers who use this website to get business that they would not have had without it and charge a reduced shipping rate. This reduced rate is an example of yield management pricing.
Yield management pricing can be defined as a pricing strategy which typically involves having a variety of charges (prices) for the services being provided by an organization at a specific period of time.
Simply stated, it basically involves providing a service at the right price, time and to the right service taker.
The yield management pricing strategy is mostly used by the airline, hotel, travel businesses. The main purpose of the yield management pricing is to maximize profits or generate more revenue.
