Answer:
$51,500
Explanation:
The computation of the cost of goods sold for the year is shown below:
As we know that
Cost of Goods Sold = Beginning balance of Finished Goods Inventory + Cost of Goods Manufactured – Ending balance of Finished Goods Inventory
= $2,000 + $55,000 - $5,500
= $51,500
We simply applied the cost of goods sold formula by taking the three items into the computation part
Answer:
Form.
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services.
Form is a type of utility that enhances value through the creation of more useful or desirable products from raw materials or separate parts, so as to meet the unending requirements or needs of the consumers. It refers to characteristics such as size, external dimensions, mass, visual appearance, and weight that uniquely distinguishes an assembly, component or part.
Answer:
$376 billion
Explanation:
The formula and the computation of personal income is shown below:
= Personal Consumption Expenditures + Personal Taxes + Interest
= $314 billion + $46 billion + $16 billion
= $376 billion
The personal incomes show a combination of the personal consumption expenditure, personal taxes, and interest. So accordingly we added the three above components
Answer:
do not Install guard rail because the guard rail cost exceed the expected benefits
Explanation:
given data
guard rail cost = $70,000
average damage = $10,000
guard rail prevent = 5 vehicles
to find out
What should the county do
solution
we know here guard rail cost is $70,000
but expected benefits = $10,000 × 5
expected benefits = $50,000
so we can say that do not Install guard rail because the guard rail cost exceed the expected benefits
The impact to likely have on the average inventory in the process is "because larger batches take longer to complete, average inventory will rise."
<h3>What is average inventory?</h3>
An estimation of the worth or quantity of a certain commodity or group of goods over two or more prescribed time periods is known as average inventory.
Some key features of average inventory are-
- By combining the beginning and final inventory values throughout a specific time period, average inventory is indeed the arithmetic mean of inventory during that time frame, which may differ from the average price for the same data set.
- The median price for the same set of data may differ from the average inventory, which is the sample mean of a stock during a specific time period.
- When examining overall sales volume, average inventory statistics can be used as a benchmark, enabling a company to monitor inventory losses.
- A business can keep inventory from the most recent purchase by using moving average inventory.
- Because it enables them to more effectively manage its costs, sales, or business connections, inventory administration is an important success factor for businesses.
To know more about average inventory, here
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