Answer: $1,195,200
Explanation:
Net sales = $1,440,000
Expenses = $504,000
Reductions = $604,800.
We then calculate the initial mark up which will be the addition of the net sales, expenses and the reduction. This will be:
= $1,440,000 + $504,000 + $604,800
= $1,195,200
The business incurred an expense and paid it immediately. To record this an expense is debited and an asset is credited. To keep the account ledger correct, you must debit the expense and take it out of that account. Then the asset is credited because the asset is now on hand.
Answer:
Supply chain management is the most significant divisions in manufacturing concern meanwhile they confirm the accessibility of raw resources. A small interval in this procedure will nearly delay the entire operations. The key purpose why the operations and supply chain are transported to the lead of manager's devotion are as follows:
- To evade delay in manufacture.
- To preserve a pleasant association with the supplier.
- To sustain inventory.
- To decrease the inventory expenses.
- To permit the production development department to progress with the development process.
- To decrease finished goods inventory expenses.
Several corporations have start depending upon software’s rather than handbook records to achieve their operations and supply chain. Several software packages are accessible in the market and a whole ERP Suite will support the administration to take decisions at the correct time. These software’s will support the executives to know the prestige of inventory and additionally they will also support the administration to resolve on the raw Goods and the finished goods inventory.
The influence that the firms are facing currently are due to the improvements in their operations administration are as follows:
- Decrease raw goods inventory expenses.
- Decrease finished goods inventory expenses.
- Decrease operational expenses.
- Actual decision making.
These are some of the improvements and the influences that the firms are facing due to the current expansion in technology.