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3 years ago

QUESTION (2)What is supply chain Management (Explain in details )?

Business

1 answer:

Komok [63]3 years ago

8 0

Answer:

The management of the flow of goods and services, involved the movement and storage of raw materials of work-in-process inventory and of finished good as well as end to end other fulfilment from point of origin to point of consumption.

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Sheridan Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled

klemol [59]

Answer: $3.40

Explanation:

Based on the information given in the question, the materials cost per unit will be calculated thus:

First, we'll calculate the completed units which will be:

= 18500 - 1400

= 17100

Ending inventory = 1400 units

Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)

= 18500 Units

Material Cost Per Unit will be:

= Total Material Cost / Equivalent Production Unit

= $62900 / 18500

= $3.40 per unit

The material cost per unit is $3.40

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3 years ago

Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two goods are produced and con

Maksim231197 [3]

Answer:

Casey's opportunity cost of producing 1 kg of potatoes is 5 kg of steak.

Casey's opportunity cost of producing 1 kg of steak is 0.2 kg of potatoes.

Rick's opportunity cost of producing 1 kg of potatoes is 3 kg of steak.

Rick's opportunity cost of producing 1 kg of steak is 0.33 kg of potatoes.

Casey should produce steak while Rick should produce potatoes, since Rick has a comparative advantage in producing potatoes (lower opportunity cost) and Casey has a comparative advantage in producing steak.

As long as the price of steak per kilogram of potatoes is less than 5 kg of steak and more than 3 kg of steak, then both would win. In order for both of them to win is a similarly proportional way, the exchange price should be 4 kg of steak per kg of potatoes.

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3 years ago

Households pay firms for goods and services. Firms supply households with goods and services. The purchase and supply of goods a

nikdorinn [45]

The purchase and suppy of goods and services takes place in the product market.

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3 years ago

Read 2 more answers

g The transactions of Spade Company appear below. Kacy Spade, owner, invested $100,750 cash in the company in exchange for commo

Stolb23 [73]

Answer:

Dr Cash 100,750

Cr Common stock 100,750

Dr Office supplies 1,250

Cr Cash 1,250

Dr Equipment 10,050

Cr Accounts payable 10,050

Dr Cash 15,500

Cr Fees earned 15,500

Dr Accounts payable 10,050

Cr Cash 10,050

Dr Accounts receivable 2,700

Cr Fees earned 2,700

Dr Rent expense 1,225

Cr Cash 1,225

Dr Cash 1,125

Cr Accounts receivable 1,125

Dr Dividends 10,000

Cr Cash 10,000

Cash Accounts receivables

Debit Credit Debit Credit

100,750 1,250 2,700 1,125

15,500 10,050 1,575

1,125 1,225

10,000

94,850

Office Supplies Equipment

Debit Credit Debit Credit

1,250 10,050

1,250 10,050

Accounts payable Common Stock

Debit Credit Debit Credit

10,050 10,050 100,750

0 0 100,750

Fees earned Rent Expense

Debit Credit Debit Credit

15,500 1,225

2,700 1,225

18,200

Dividends

Debit Credit

10,000

10,000

4 0

3 years ago

Suppose the economy is in long-run equilibrium at the level of potential output. What will be the long-run effect of an expansio

nirvana33 [79]

Answer:

Higher prices.

Explanation:

Expansionary monetary policy seeks to grow the economy by increasing the money supply, lowering interest rates, and stimulating demand. As we know from the supply/demand curves, higher demand leads to higher price levels.

3 0

3 years ago

QUESTION (2)What is supply chain Management (Explain in details )?​

QUESTION (2)What is supply chain Management (Explain in details )?