Answer:
d. vendor-managed inventory.
Explanation:
Vendor Managed Inventory or in short, the VMI may be defined as a business model or a concept where the buyer of the product or a service provides the information to a vendor of the product while the vendor takes all the responsibility and agrees to maintain an agreed inventory of the product, which is usually at the buyer's or consumer's consumption location.
It is a inventory management practice for optimizing the inventory of products that is held by a distributor.
Answer:
Start-up cost; variable cost
Explanation:
Start-up cost is the cost incurred in developing a new product. It is a one time cost that is incurred only at the time of creating something new. Start-up cost includes borrowing cost, research and development cost and expenses incurred on technology.
Variable costs change with the change in units of output produced. Cost of chemicals depend on the amount of drugs produced. So, research and development cost is start-up cost and cost of chemical is variable cost.
Answer:
Piper should report $308,000 as net income for the year . Option C
Explanation:
Accumulated Depreciation till 2014 = [$600,000×(5+4+3)] ÷ 15 = $ 480,000
Book Value at beginning 2015 = $600,000 - $480,000 = $120,000
Depreciation Expense in 2015 = $120,000 ÷ 2 = $60,000
Net Income before depreciation & taxes = $ 500,000
Depreciation = $ 60,000
Electronic Benefits Transfer = Net Income before depreciation & taxes - Depreciation
= $ 500,000 - $ 60,000
=$ 440000
Tax Expenses = $440,000 × 30% = $132,000
Net Income =$ 308,000
Answer:
equipment 3,700
Explanation:
First we calcualte the values of the machine given up:
<u>traded-out assets</u>
purchased 23000
depreciation <u>20,000 </u>
book value 3,000
fair value 5,000
gain on disposal 2,000
This gain would be recognzie if there was commercial substance. In this case we don't have commercial substance. So it is deffered.
Value given up forthe new equipment:
cash 700
traded-out <u>5,000 </u>
total value 5,700
We subtract the deffered gain on disposal to get the accounting value for the new equipment:
deferred gain (2,000)
accounting value 3,700
The machine will enter the accounting with 3,700
journal entry
equipment 3,700
acc del 20,000
equipment 23,000
cash 700
According to bartlett and Ghoshal, They suggest that companies should use the entry of foreign multinationals as an opportunity to learn from these competitors by benchmarking their operations and performance against them.
A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.
A company means a legal entity or legal entity established under the Companies Act. It may be a limited or unlimited company, a private or public company, a limited liability company or company with share capital, or a company of common interest.
corporation means a company, partnership, association, corporation, trust, foundation, or organized group of individuals, whether incorporated or not, which (in its official capacity), Recipient, or similar officer or processor. Purpose of the above.
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