Answer:
Consider the following explanation
Explanation:
Key strategies to select the supplier:
- Set your criteria- A list is to be created of the suppliers which can provide the needed products. They must fulfill the conditions applied by the firm, like the optimum quality, payment policies, return policies, etc.
- Define your process- The process which company want to follow to get the supply from the supplier must be define prior.
- Call for bids- Now the suppliers are invited for the bids. This is known as Request for Proposal. The full details of the products which are needed by the company are told to them. Now record their replies.
- Evaluate the bid submissions- Now there is the comparison of the bids of different suppliers. Through the correct analysis and evaluation, the supplier is chosen.
- Monitor the supplier- The selected supplier’s performance is monitored closely. They should conduct the regulate performance review. The company got satisfied with the performance and start giving them orders.
Key strategies for selecting the logistics:
- Cultural alignment- The logistics selected must be operated both culturally and operationally. It affects the carrying cost, obsolescence cost, customer service cost, etc. When the 2 parties are not agreed an these points, then rest are ignored.
- Company infrastructure- The logistic company must have the good infrastructure. It should have those capabilities to provide proper supply chain visibility.
- IT capabilities- The company must have the optimum technology to be used in the business. The IT capabilities is essential for providing the global logistic services.
- Cost- The cost is always a important factor to select any logistics. It should not be too expensive. If company can afford that then only it will get selected. Before setting any benchmarks, the cost should be decided early.
- Intangible services- it should also provide extra value added services. It gives benefits to both the firms. They jointly invest in their common success.
Answer:
There are three types: Earned, Capital gains and passive
Explanation:
Earned: Requires you to trade time for money but can be earned quickly.
Capital Gains: Can be earned without ACTIVE work but takes a longer time. You get this by selling something/
Passive: Can be earned without ACTIVE work but takes a longer time. You get this after just one and investment that pays steadily like stock dividends.
For example, you could earn earned income from working a job, capital gains from buying and then selling a stock and passive income from stock dividends.
Answer:
Material price variance = $25,000 Unfavorable
Explanation:
<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite </em>
$
200,000 pounds should have cost (200,000× $4.50)= 900,000
but did cost <u>925,000</u>
Material price variance <u> 25,000</u>Unfavorable
Material price variance = $25,000 Unfavorable
Answer:
The correct answer is B
Explanation:
As the share of IBM is bought by an individual investor at $75, later the investor sold it to another investor for $125. So, the first investor earns the profit of $50 from selling the share of IBM. Therefore, the first investor is the one who is getting profits or benefits from this sale of the share.
Working Note:
Profit = Selling Price - Purchase Price
= $125 - $75
= $50
Answer:
$480
Explanation:
Calculation to determine what The sales quantity variance that would complement the variance calculated in the previous question is:
First step is to calculate Sales mix: budget for
AR-10
Total units: budget = 2,000 + 6,000
Total units: budget = 8,000
Actual units = 2,800 + 5,600
Actual units= 8,400
Sales mix: budget: 2000/8000
Sales mix: budget = 25%
(8,400-8,000) x.25 x $1.80
= $180 favorable
For ZR-7:Sales mix: budget: 6000/8000 = 75%(8400-8000) x.75 x $1.00 = $300
favorableTotal quantity variance: $180 + $300 = $480
.
Therefore The sales quantity variance that would complement the variance calculated in the previous question is:$480