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Galina-37 [17]
4 years ago
11

Which qualifications are needed for a Logistics Planning and Management career? Select all that apply.

Business
1 answer:
bulgar [2K]4 years ago
5 0

Answer:

The qualifications needed for a Logistic Planning and Management career are:

a) research skills and understanding of the product's supply chain

b) critical thinking skills

c) math and reasoning skills

d) knowledge of hazard regulations to provide safety training

Explanation:

Logistic Planning and Management involves planning.  Planning requires some level of research skills and understanding of the product's supply chain.  Since logistics contribute value and growth to an organization by ensuring availability of production materials, warehousing, and transportation of finished goods, critical thinking is also needed.  To determine the best delivery routes and achieve cost-effective packaging of goods, maths and reasoning skills would be deployed.  This makes this skill very important.  The manager will also need to measure, analyse, and improvise at any time.  This requirements calls for math and reasoning skills as well.

Finally, the knowledge of hazard regulations will aid the manager to provide safety training to those involved in logistics handling, including the drivers that would deliver goods to customers.

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Exercise 6-13A Calculate inventory using lower of cost and net realizable value (LO6-6) Skip to question [The following informat
mezya [45]

Answer:

The ending inventory is $56,170 using the lower of cost and net realizable value.

Explanation:

With regards to the above, the conservative principle of accounting would be maintained by the company, hence would report its inventory at the lowest value.

Furniture [ 290 units × $94 each]

$27,260

Electronics [ 59 units × $490]

$28,910

Total ending inventory

$56,170

7 0
3 years ago
Titanium Metals Company had 20,000,000 shares of $0.01 par value common stock outstanding which had been sold for an aggregate a
Klio2033 [76]

Answer:

(a) Common shares outstanding after stock split:

=\frac{20,000,000}{20}

= 1,000,000

(b) New par value per share = 0.01 × 20

                                               = 0.2

(c) Since, there will be no change in the paid up capital after the reverse stock split. So, there is no need to record journal entry, as it will be accounted as the memorandum.

4 0
3 years ago
_____ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which
KatRina [158]

Answer:

The correct answer is letter "A": scenario building.

Explanation:

Scenario building refers to the efforts companies make to scheme adverse situations that could arise in the future and link the consequences of those events with the way it could affect the operations of the firm. Scenario building is part of the strategic planning of the company.  

Organizations cannot predict exactly what will happen in the future but they can set contingency plans to be ready in front of different situations that could arise.

3 0
3 years ago
Read 2 more answers
If the price of biscuit per packet increased from N250 to N500 and the quantity bought per week decreased from 300 to 200 packet
Mars2501 [29]

Answer:

The the elasticity of demand for biscuit is <u>-0.33</u>.

Explanation:

Elasticity demand is the degree of responsiveness of quantity demanded for a commodity to a change in the price of that commodity.

The elasticity of demand for biscuit can be calculated using the following elasticity of demand formula:

Elasticity of demand =  Percentage change in Qd / Percentage change in price .................. (1)

Where Qd denotes quantity demanded.

Percentage change in Qd = [(New Quantity - Old Quantity) / Old quantity] * 100 = [(200 - 300) / 300] * 100 = -33.33%

Percentage change in price = [(New price - Old price) / Old price] * 100 = [(N500 - N250) / N250] * 100 = 100%

Substituting the values into equation (1), we have:

Elasticity of demand = -33.33% / 100% = - 0.33

Therefore, the the elasticity of demand for biscuit is <u>-0.33</u>.

Note that since -0.33 in absolute term |-0.33| is less than 1, the demand for biscuit is inelastic. That is, the change in the quantity demanded for biscuit responds less than the change in its price.

8 0
3 years ago
The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .52 and a
SCORPION-xisa [38]

Answer:

$13286.84

Explanation:

Given that

Current ratio = 1.41

Current liabilities =2465

Firstly, we calculate for current assets.

Recall that,

Current ratio = current assets / current liabilities

That is,

1.41 = current assets / $2,465

Therefore,

Current assets = $2,465 × 1.41

Current assets = $3475.65

Following that

We find Net Income

Again, recall that

Profit margin = net income / Sales

Where

Profit margin = 0.09 or 9%

Sales = 10,675

0.09 = net income / $10,675

Net income = 0.09 × $10,675

Net income = 960.75

Next step is to find for return on equity

Recall that

ROE = net income / total equity

Where,

ROE was given as 0.14

We got net income as 960.75

Hence,

0.14 = 960.75 / total equity

Total equity = 960.75 / 0.14

Total equity = $6,862.5

Long term debt ratio = long term debt / (long term debt + total equity)

1 / 0.52 = 1 + long term debt / (total equity / long term debt)

0.923 = (total equity / long term debt)

$6,862.5 / long term debt = 0.923

long term debt = 7,434.99

Recall that

Total debt = Current liabilities + long term debt

Thus,

Total debt = $2,465 + $7,434.99

Total debt = 9,899.99

Total asset is given as: total debt + total equity,

Thus,

Total assets = $9,899.99 + $6,862.5

Total assets = 16,762.494

Finally,

Recall that,

Net fixed assets = total assets - current assets

Therefore,

Net fixed assets = 16,762.494 - $3475.65

Net fixed assets = $13286.84

3 0
3 years ago
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