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3 years ago

International standards are used in supply chain to....

Business

1 answer:

zubka84 [21]3 years ago

5 0

Answer:

a. Find new methods to develop products.

Explanation:

International standards, such as the ISO organization, can be understood as organizational certifications that confer a set of norms and policies to standardize organizational processes and maintain them in a high standard of quality, efficiency and legality.

Therefore, it is correct to state that international standards are used in supply chains as a way for companies to find new methods to develop products, based on an international standardization of processes, which provides continuous improvement to organizational systems, reduces costs and waste, in addition to to be an instrument to prove that a company bases its production processes on high standards recognized worldwide, which increases its reliability, positioning and attraction of investments.

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Match each of the following scenarios with the accounting principle or accounting assumption that it best illustrates.a. Several

Orlov [11]

Answer:

Key S - Scenario

A - Accounting Principle or Assumption

Several years after Thomas Company purchased new office equipment, the company’s accounting records still show the original purchase price.

Historical cost principle

The home of Rob Elliot, the owner of GGE Enterprises Inc., is not listed among the company’s assets.

Business entity assumption

Despite several years of falling sales, Thomas Company continues to forecast sales and make strategic plans to raise revenues and cut expenses.

Going concern assumption

Thomas records expenses incurred to produce the sales for the month.

Expense recognition principle

GGE Enterprises records a deposit received from a customer for work to be performed later in the month. The customer is billed for the remaining amount after the work is complete, and the customer’s payment is recorded.

Revenue recognition principle

Thomas Company provides earnings information to investors at the end of every quarter.

Time period assumption

The accounting records of Thomas Company are in dollars, not euros, although the Ohio-based company is owned by a German firm.

Monetary unit assumption

Explanation:

5 0

3 years ago

Fahad works for a company that markets all of Celextron's products. Fahad's company acts as the marketing department for Celextr

Whitepunk [10]

Answer:

D) selling agent.

Explanation:

Sine Fahad's company never obtains title for the goods that they sell, they are acting like a selling agent. They are very similar to a commission merchant except that Fahad's company is also responsible for the marketing functions of Celextron.

There are several types of sales agents and distributors, it all depends on certain details about how they work:

a manufacturer's agent work directly for the manufacturing firm, in this case it would have been Celextron.
a sales branch is a company owned by Celextron.
a full service wholesaler obtains title of the goods.

5 0

3 years ago

Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball

slega [8]

Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580 (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

4 0

3 years ago

The additional benefit of producing one more roast beef sandwich at a local deli is $2. The additional cost of producing one mor

tigry1 [53]

First, we take into account the benefit and cost given in the problem. The benefit, which is $2 is a dollar lesser compared to the cost that would be incurred should the business opt to produce one more roast beef. This, of course, tells us that an additional roast beef will just impose an additional $1 cost. Thus, the answer should be the last choice.

5 0

3 years ago

In each of the following scenarios, explain and categorize the cost of inflation.a) Because inflation has risen, the J.Crew clot

Kazeer [188]

Answer:

Consider the following explanation

Explanation:

a) J. Crew is issuing its catalogs monthly in response to inflation. This will incur cost and it is known as 'Menu Cost'.

b) Grandpa has bought annuity which has promised $10,000 a year for the rest of his life. However, higher than expected inflation means grandpa has lesser purchasing power. This is loss of purchasing power and also 'redistribution cost'. In higher inflation borrower tends to get benefit. Here insurance company is at the gain.

c) Maria is witnessing loss of purchasing power because of hyper inflation. In such scenario, cost keeps rising and product's price could be higher a few hours later. This was witnessed in Germany as well as in Zimbabwe. People run to the stores as soon as they get cash or salary. It is known as 'shoe leather cost'. People make frequent trips to banks or stores but do not keep cash in fear of losing value.

d) Gita actually earned only 5% on her portfolio but as her income is in taxable bracket so she has to pay 20% tax. Her income from portfolio not even compensated inflation. This is a redistribution cost and also known as fiscal drag. More people fall into bracket because higher nominal income but real income is neglected which makes people worse off.

e) Father thinks that son is earning far more than him but inflation over the period of time erodes purchasing power and it could be possible that current income might be lower, same or higher comparing to inflation data. However, if it is lower then it is obviously loss of purchasing power.

5 0

3 years ago