Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
<h3>What is procurement?</h3>
Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.
Procurement give account of all the logistics involved and the materials bought.
Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.
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Answer: 6956,27
Explanation:
This is a case of multiple cash flow. The future value is the sum of Cash Flows of each period. And each cash flow must be updated with the corresponding discount rate.
So we have to add the future value of each individual cash flow to determine the future value of the investment in Year 4.
<em>(Calculations can be seen in the attached).</em>
Answer:
"On the end of the year balance sheet" is the right response.
Explanation:
- If a company is buying goods to sell and even certain merchandise remains unsold might become a component of storage again for the corporation.
- That balance of supply remains displayed on either the reserves side underneath current assets on what's on the ending accounting records and then this amount will be carried forward to that day.
Answer: d. Go to Tom's as soon as possible that day, check the shipment to see if there are any undamaged goods that can be put on the shelf, take a replacement order from Tom's manager, and phone in the order immediately.
Explanation:
This indeed would be the best course of action because some of the goods will be saved while at the same time increasing your company's relationship and profile with Tom's Discount Store.
This is because Tom will be very pleased at the prompt and personal response to the situation and be more receptive towards the solution.
Once the items that are damaged are identified, placing a replacement order immediately is in line with your company's policy of returning goods over $500 if a reciprocal order is placed immediately.
With this course of action, you would endear your company to Tom's Discount store as well as manage to sell the goods in total.
Answer: -42%
Explanation:
Based on the scenario in the question, the initial investment will be:
= 15 × 1000 × 12%
= 15 × 1000 × 0.12
= $1,800
We then calculate the return. This will be:
=[(15 - 15.75) × 1,000]/1,800
= -750/1,800
= -0.4166666667
Return = -42%