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3 years ago

Advantage of inventory

Business

1 answer:

iogann1982 [59]3 years ago

7 0

Answer:

Accuracy and Efficiencies

Explanation:

It reduces the amount of inventory that companies have on-hand while improving order accuracy

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A flexible budget performance report compares the differences between: budgeted performance over several periods. actual perform

salantis [7]

Answer:

It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.

Explanation:

Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.

In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.

4 0

4 years ago

Vibrant Company had $970,000 of sales in each of three consecutive years 2016–2018, and it purchased merchandise costing $535,00

Leni [432]

Answer:

Explanation:

From the give information; we are to:

1. Determine the correct amount of the company’s gross profit in each of the years 2016–2018.

The correct amount of the company's gross profit in each of the years 2016 - 2018 can be seen as computed in the table below.

VIbrant Company Income statement

2016 2017 2018

Sales 970,000 970,000 970,000

Cost of good

sold:

Beginning 270,000 270,000 270,000

Inventory

Purchase 535,000 535,000 535,000

The cost of good

available for sale 805000 805000 805000

is:

Ending Inventory 270,000 270,000 270,000

Cost of good sold 535,000 535,000 535,000

Gross Profit 435 000 435000 435000

N:B ;

Gross Profit = Sales - Cost of good sold

Gross Profit = 970000- 535000

Gross Profit = 435000

2. Prepare comparative income statements to show the effect of this error on the company's cost of goods sold and gross profit for each of the years 2016−2018.

For 2016; the comparative income statement is computed as follows:

Debit Credit

Sales 970000

Less:(-)

Cost of good sold

Beginning Inventory 270000

Add Purchase 535000

Cost of goods available 805000

for sale

Less (-)

Ending Inventory 250000

Cost of good sold 555000

Gross profit 415000

For 2017; the comparative income statement is computed as follows:

Debit Credit

Sales 970000

Less:(-)

Cost of good sold

Beginning Inventory 250000

Add Purchase 535000

Cost of goods available 785000

for sale

Less (-)

Ending Inventory 270000

Cost of good sold 515000

Gross profit 455000

For 2018; the comparative income statement is computed as follows:

Debit Credit

Sales 970000

Less:(-)

Cost of good sold

Beginning Inventory 270000

Add Purchase 535000

Cost of goods available 805000

for sale

Less (-)

Ending Inventory 270000

Cost of good sold 535000

Gross profit 435000

8 0

3 years ago

ROI and Residual Income The following investment opportunities are available to an investment center manager: Project Initial In

sammy [17]

Answer:

Explanation:

ROI = Operating income / Operating assets

ROI for proejct A=$90,000/$800,000=11.25%

ROI for Project B=$20,000/$100,000=20% ROI for Project C=$25,000/$300,000=8.33% ROI for Project D=$60,000/$400,000=15%

If ROI is 16%, project B should be chosen because the ROI is greater than 16%

I hope my answer helps you

4 0

4 years ago

Read 2 more answers

Tom’s Grocery purchased 5 new cash registers for their new store and they paid $2,400 each for a total of $12,000 on August 1, 2

SVETLANKA909090 [29]

Answer:

c. Depreciation $1,000

f. Property, Plant and Equipment $12,000

Explanation:

Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.

The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.

$2,400 * 5/12

$1,000.

3 0

4 years ago

Sophia's goal is to run her own bakery. What degree might be beneficial for Sophia to pursue in order to reach her goal?

masha68 [24]

Answer:

Bachelor's degree in business management

Explanation:

Computer science and mathematics could help her while running the bakery, but won't be the most beneficial. Elementary education wouldn't really be at all helpful when running a business.

Sophia wants to run her own bakery, which is a business. Therefore, a bachelor's degree in business management will be the most helpful for Sophia.

5 0

4 years ago

Advantage of inventory​

Advantage of inventory