What is the payment you receive for allowing a financial institution or corporation to use your

The cycle view of the supply chain is useful when considering operational decisions, because Select one: a. it focuses on proces

almond37 [142]

Answer:

c. it specifies the roles and responsibilities of each member of the supply chain.

Explanation:

Supply chain management (SCM) can be defined as the effective and efficient management of the flow of goods and services, as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

Hence, the supply chain comprises of processes which are typically divided into four (4) cycles;

1. Customer order cycle: it involves the process of receiving an order from a customer, entry and fulfillment of orders.

2. Replenishment cycle: it includes receiving, entry and fulfillment of retail orders.

3. Manufacturing cycle: it includes the process of converting raw materials into finished products.

4. Procurement cycle: this includes shipping or receiving raw materials and production schedules.

The cycle view of the supply chain is useful when considering operational decisions, because it specifies the roles and responsibilities of each member of the supply chain.

8 0

3 years ago

Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?

lord [1]

Answer:

<u>Financial reward</u> is not a typical challenge

Explanation:

3 0

3 years ago

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity i

victus00 [196]

Answer:

Quantity variance.

Explanation:

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.

For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.

<em>Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used. </em>

5 0

3 years ago

If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark

I am Lyosha [343]

Answer:

High target price 38.8821

Low target price 29.6153

Explanation:

Calculation to determine your high and low target stock price over the next year

First step is to calculate the seperate yearly PE ratio for High and low price using this formula

PE ratio = Market price / EPS

EPS = B

Low = C

High = D

Let plug in the formula

Year 1

PE(High) C/B = $ 27.43/1.35

PE(High) C/B = 20.3185

PE(Low) D/B = 19.86/1.35

PE(Low) D/B = $14.7111

Year 2

PE(High) C/B = $ 26.32/1.58

PE(High) C/B = 16.6582

PE(Low) D/B = 20.18/1.58

PE(Low) D/B = 12.7722

Year 3

PE(High) C/B = $ 30.42/1.51

PE(High) C/B = 20.1457

PE(Low) D/B = 25.65/1.51

PE(Low) D/B = 16.9868

Year 4

PE(High) C/B = $ 37.01/1.85

PE(High) C/B = 20.0054

PE(Low) D/B = 26.41/1.85

PE(Low) D/B = 14.2757

Second step is to calculate the seperate Average PE for high and low price

Average PE

HIGH(20.3185+16.6582+20.1457+20.0054 / 4)

HIGH = 77.1278/4

HIGH=19.28195

LOW=($14.7111+12.7722+16.9868+14.2757/4)

LOW=58.7458/4

LOW=14.6865

(a) Now let calculate the high target stock price over the next year

Using this formula

High target price = Average PE(high) x EPS for next year

Let plug in the formula

High target price = 19.28195 x[(1+.09)×1.85]

High target price = 19.28195 x(1.09*1.85)

High target price = 19.28195*2.0165

High target price=38.8821

Therefore the high target stock price over the next year is 38.8821

(b) Calculation for the low target stock price over the next year

Using this formula

Low target price = Average PE(low) x EPS for next year

Let plug in the formula

Low target price = 14.6865 x [(1+.09)×1.85]

Low target price = 14.6865x(1.09*1.85)

Low target price = 14.6865×2.0165

Low target price = 29.6153

Therefore the low target stock price over the next year is 29.6153

5 0

3 years ago

On April 1, Sangvikar Company had the following balances in its inventory accounts:

astra-53 [7]

Answer:

<h3>Sangvikar Company</h3>

a. Journal Entries for The April transactions:

Debit Raw materials $30,000

Credit Accounts Payable $30,000

To record the purchase of raw materials.

Debit WIP:

Job 114, $16,500

Job 115, $12,000

Job 116, $5,000

Credit Raw materials $33,500

To record the transfer of raw materials to production.

Debit WIP:

Job 114 $2,100

Job 115 $3,950

Job 116 $1,440

Credit Direct labor costs $7,490

To record the direct labor costs to WIP.

Debit WIP:

Job 114 $1,348

Job 115 $2,535

Job 116 $934

Credit Overhead $4,807

To record the overhead applied to WIP.

Debit Finished Goods Inventory $23,699

Credit WIP: Job 115 $23,699

To record the transfer of Job 115 to Finished Goods.

Debit Cost of Goods Sold $23,699

Credit Finished Goods Inventory $23,699

To record the cost of goods sold.

Debit Accounts Receivable $29,624

Credit Sales Revenue $29,624

To record the sale of Job 115 on credit.

b. Ending balances of Inventory Accounts:

Raw materials = $9,230

WIP:

Job 114 = $25,329

Job 116 = $18,119

Total = $43,448

Finished Goods = $8,700

c. T-Accounts:

Materials Inventory

Account Titles Debit Credit

Beginning balance $12,730

Accounts Payable 30,000

WIP:

Job 114 $16,500

Job 115 12,000

Job 116 5,000

Balance $9,230

Accounts Payable

Account Titles Debit Credit

Raw materials $30,000

Work-in-Process Inventory - Job 114

Account Titles Debit Credit

Beginning balance $5,381

Raw materials 16,500

Direct labor cost 2,100

Overhead applied 1,348

Balance $25,329

Work-in-Process Inventory - Job 115

Account Titles Debit Credit

Beginning balance $5,214

Raw materials 12,000

Direct labor cost 3,950

Overhead applied 2,535

Finished Goods Inventory $23,699

Work-in-Process Inventory - Job 116

Account Titles Debit Credit

Beginning balance $10,745

Raw materials 5,000

Direct labor cost 1,440

Overhead applied 934

Balance $18,119

Direct Labor Cost

Account Titles Debit Credit

WIP:

Job 114 $2,100

Job 115 3,950

Job 116 1,440

Overhead

Account Titles Debit Credit

WIP:

Job 114 $1,348

Job 115 2,535

Job 116 934

Finished Goods Inventory

Account Titles Debit Credit

Beginning balance $8,700

WiP: Job 115 $23,699

Cost of Goods Sold $23,699

Cost of Goods Sold

Account Titles Debit Credit

Finished Goods $23,699

Sales Revenue

Account Titles Debit Credit

Accounts Receivable $29,624

Accounts Receivable

Account Titles Debit Credit

Sales Revenue $29,624

Explanation:

a) Data and Calculations:

Beginning balances:

Materials Inventory $12,730

Work-in-Process Inventory 21,340

Finished Goods Inventory 8,700

Work-in-Process Inventory costs:

Job 114 Job 115 Job 116

Direct materials $2,411 $2,640 $3,650

Direct labor 1,800 1,560 4,300

Applied overhead 1,170 1,014 2,795

Total $5,381 $5,214 $10,745

Analysis of April Transactions:

Raw materials $30,000 Accounts Payable $30,000

WIP: Job 114, $16,500; Job 115, $12,000; and Job 116, $5,000 and Raw materials $33,500

WIP: Job 114 $2,100 Job 115 $3,950, Job 116 $1,440 Direct labor costs $7,490

WIP: Job 114 $1,348 Job 115 $2,535 Job 116 $934 Overhead $4,807

Job tickets were collected and summarized (Direct labor costs):

Jobs DLH DLH Costs Overhead applied

Job 114, 150 hours at $14/hour = $2,100 $1,348 ($2,100/$7,490 *$4,807)

Job 115, 220 hours at $18/hour = $3,950 2,535 ($3,950/$7,490 *$4,807)

Job 116, 80 hours at $18/hour = $1,440 924 ($1,440/$7,490 *$4,807)

Total = 450 hours $7,490 $4,807

Actual Overhead = $4,807

Total direct labor costs = $7,490

Overhead rate = $0.64

Sales Revenue = $29,624 ($23,699 * 125%)

4 0

3 years ago