Answer:
a. Floor- ready
Explanation:
For some retail stores who are into selling of dresses, most of these dresses have already been pre-tagged and pre-ticketed with the necessary information like putting certain mark on them, to specify the price, colour, type etc before being delivered to these stores.
In floor ready merchandize, the products have already been prepared such that the retailer do not have to prepare anyother thing other than to display them for sale. Here, burden of having to put the price tag , ticket number is eased off the retailer.
The aim is to display the dress in the store the way it should be which ultimately leads to real time feeling and customer experience.
Answer:
Option 2 is best option on the basis of present value analysis of all the options available.
Explanation:
Option 1 NPV = ($2.21 Annual Inflow * 6.814 Annuity Factor 12 year @10%) = $15.06m
Option 2 NPV = $19.5m
Option 3 NPV = $5.4m + ($1.7m Annual Inflow * 6.145 Annuity Factor for next 10 years @10%) = $15.85m
From the above options the best option available is option 2 which is worth more in todays prices than other options available.
I think the most appropriate answer would be "the quantity of a good demanded increases as its price rises".
I hope it helped you!
Answer:
Comparing the ending inventory balances of FIFO and LIFO, the ending inventory value under FIFO less the ending inventory balance under LIFO will result in a difference of $(400).
Explanation:
FIFO means First In, First Out. It is one of the methods for accounting for inventory. The FIFO method assumes that inventory bought first are the first to be sold or used in production, while those bought later remain proportionately to sales or production. This is considered a realistic method for most companies.
On the other hand, LIFO, which means Last In, First Out, is another costing method for inventory. This method assumes that goods bought last are the first to be sold or used in production, while those bought earlier remain proportionately to sales or production. This method is not considered to be realistic in real life for most companies.
In calculating the cost of goods sold for the period, these two methods produce different outcomes, depending on the purchase price per unit. Where the purchase price of inventory remain the same throughout a period, there will be no difference.
For example, if the unit price for inventory remains $40 from January 1 to December 31, then there will not a any noticeable difference between the two methods.
Answer:
We will not hire a security guard.
Explanation:
Data provided
Merchandise stolen cost of every hour = $25
Hourly market wage for a security guard = $33
According to the given situation, The hourly loss is $25, and the hourly cost is $33, even if the shopkeeper keeps a security guard, then the cost per hour is $33, so the store loss increases by $33 - $25 = $8, so we will not hire the security guard to maximize the profit.