Answer:
18 years
Explanation:
Given that;
P= $23,000
A= $76,300
r= 6.7%
From
A = P(1 + r/100)^n
76,300 = 23,000 (1 + 0.067)^n
3.3 = (1.067)^n
Taking logarithm of both sides
log 3.3 = log (1.067)^n
log 3.3 = nlog(1.067)
n= log 3.3/log 1.067
n= 0.5185/0.0282
n= 18 years ( to the nearest year)
Answer:
Inventory= $251,540
Explanation:
Giving the following information:
Swifty Company took a physical inventory on December 31 and determined that goods costing $203,600 were on hand. Not included in the physical count were $25,420 of goods purchased from Pelzer Corporation, f.o.b. shipping point, and $22,520 of goods sold to Alvarez Company for $32,230, f.o.b. destination.
Both the purchase and the sale must be accounted for in inventory. The purchase is FOB shipping point, therefore it is responsibility os Swifty. The sale was made FOB destination, as it is in transit, it is the responsibility of Swifty.
Inventory= 203,600 + 25,420 + 22,520= $251,540
Answer:
Inbound logistics
Explanation:
Inbound logistics is the process of obtaining raw materials, and other goods and services, to the firm, while outbound logistics is the process of delivering the final goods and services from the firm to the customers.
In this case, the retail company is engaging in inbound logistics because it is procuring the raw materials from local farmers. Once these materials reach the firm, it can transform them into the agricultural produce and consumer produce that it sells.
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