Answer:
Something useful or valuable.
Explanation:
Answer:
Under last in, first out (LIFO) inventory method, the units purchased last are used to determine the cost of goods sold. This doesn't mean that exactly the last units purchased will be sold first, it is just used as an accounting tool.
In this case, the last unit purchased costed $20, and the immediately previous one costed $15. Under LIFO, these 2 units would have been sold (COGS = $35), and the ending inventory = $10 (the price of the "oldest" unit).
We shall Ignore cost of sugar cane at $0.36 per pound, as its going to be incurred for both processes.
Lets find the cash flow from not processing further:
42500 pounds Sugar @ $1.43 per Pound $60,775
Lets find the cash flow from Processing Further:
If 42500 pounds of raw sugar are processed further, we get 34000 pounds of refined sugar(42500/1.25)
34000 pounds of refined [email protected] $2.23 per pound $75280
Additional Processing charges for 42500 [email protected]$0.49 ($20825)
Total Cash Flow $54995
As can be observed, the organisation earns more when they sell raw sugar, Thus sugar should not be processed further.
Paden Company purchased merchandise from Emmett Company with freight terms of F.O.B. destination. The freight costs will be paid by the the buyer.
<h3>What is
freight?</h3>
The physical process of transporting commodities and merchandise goods and cargo is known as freight transport. The term shipping originally referred to sea transport, but in American English, it has been expanded to include land and air transport as well.
Standard shipping time in the United States ranges from 2 to 5 business days, depending on where you're sending from and to. It may take a little longer for a package to arrive in a remote location, but in the United States, almost all states can be reached within 5 business days.
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This statement is true. As there is the growing emphasis on the strategic supply management processes and less on the purchase transactions.
Effective interpretation of corporate and supplier objectives, selection of appropriate actions to achieve objectives and integration of inventory information into organizational strategies. hiring professionals trained specifically in supply management, providing them with technical knowledge and long-term leadership development. emphasizing strategic cost management, engaging key suppliers early in the process, and measuring reductions in total cost of ownership. Supply management has evolved from a process-oriented, strategic function to a transactional, tactical function. The reduction in inventory investment comes primarily from users reducing their demand for stocked items. Therefore the statement is true.
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