Answer:
Difference between product cost and period cost is stated as follows:-
- Product cost is experience in the business field only if there is production of products but period cost is the cost that is faced by the organization during the passing of time.
- Product cost has the tendency to vary whereas period cost remains the same or fixed.
- Product cost is considered as the fragment of inventory but period cost is not not included in that.
<u>Example of product cost are</u>:- labor wages, raw material cost etc
<u>Example of period cost:</u>-rent, salary etc.
Answer:
Yes
Explanation:
Yes, I would recommend offering more employees full-time contracts. This is because having employees that know the ins-and-outs of a company is extremely valuable. These employees are able to function with less supervision and think ahead in order to prevent problems before they occur, as well as solve current situations quickly and efficiently. By working full-time they ultimately grow with the company and are able to progress faster. This is incredibly valuable for a company and can greatly increase profits in both the short-term and long-term
Answer:
The correct word for the blank space is: confirmed benefits.
Explanation:
SPIN (situation questions, problem questions, implication questions, and need-payoff questions) is an approach used by salespeople to understand the current situation of consumers and through a series of four (4) questions help them understand the implications of the decision they will take thanks to the solution the salesperson is to provide.
ADAPT (assessment questions, discovery questions, activation questions, projection questions, and transition questions) as well as SPIN, aims to assess consumers in their decision-making. The difference relies on how the questions are formulated. ADAPT uses a sequence of questions starting from the broadest questions to end with the most specific, narrow inconvenience the consumer might have.
<em>Both SPIN and ADAPT allow salespeople to find out what are the confirmed benefits of the product that should be offered to the clients.</em>
Answer:
True
Explanation:
Supply Chain Management is the integrated management of material, information and money flow that enables the customer to reach the right product at the right time, at the right place, at the right price, at the lowest possible cost for the entire supply chain. In other words, creating strategies and business models that will increase customer satisfaction by integrating the basic business processes in the chain. A supply chain is a set of relationships and links that enable the movement of products between suppliers, manufacturers, wholesalers, distributors, retailers and ultimately consumers. It covers all successive rings from the procurement stage of goods and services to production and delivery to the final consumer. In terms of business processes, supply chain; sales process, production, stock management, material supply, distribution, procurement, sales forecasting and customer service.
Consequently, the location is the one of the most important factors of supply chain in the profitability terms. If the company is on the perfect location in the meaning of proximity to customers, or other supply channels it would be great asset for the firm or company. That's why it is pretty important for companies in the global markets to make decisions about the location. Of course, this will optimize the performance of supply chain and make consistent with the firm's or company's competitive strategy.
Answer:
$1,926.97
Explanation:
Given the following :
Loan amount (L) = 8,180
Interest rate (I) = 5.3%
Period (n) = 4 years
Using the formula:
A = L(1 + I/t)^nt
Where A = final amount
t = number of compounding periods per year
A = 8180( 1 + 0.053/12)^(4 * 12)
A = 8180 ( 1 + 0.0044166)^48
A = 8180 * ( 1.0044166)^48
A = 8180 * 1.2355709
A = 10106.970
Final amount after 4 years = 10,106.970
Hence amount Paid as interest over that period will be :
Final amount - Loan amount
10,106.970 - 8,180
= $1,926.97