Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
<u>Explanation</u>:
When customers do not find what they are looking for at the store, they usually don't return to the store. They just go to some other store and its highly unlikely that they would further suggest the store to anyone.
Thus, to ensure that the store doesn't lose customers because of this reason, the store should encourage their employees to be aware of the latest development in the field and place orders for the same on a regular, preferably weekly, basis.
This way the likelihood of customers not getting what they require from the store becomes very bleak.
Therefore, Give buyers a goal of ordering each season 's merchandise by a particular date, then give them daily feedback about what percentage of the upcoming season 's merchandise has been ordered.
Answer:
$1,551,222.84
Explanation:
We should assume the interest are implicity charged in the note payments.
In order to record the equipment at their fair value at the momnet of purchase, we will discount the note using 11% discount rate
The note will be an annuity for $500,000 during 4 year at rate 11%
C 500000
time 4
rate 0.11
PV
This is the value of the equipment at present value, without the interest charged on the note.
Under this value it should be recorded.
Answer:
$29
Explanation:
Smores corporation produces and sells many camping products
The following data was recorded during its first month of operation
Selling price per unit= 42,000
Selling and administrative expenses= $81
Units produced = 47000 units
Variable per unit= $2
Total= $561,000
Manufacturing costs
Dirct materials= $17
Direct labor= $8
Variable manufacturing overhead= $4
Therefore the unit of product cost can be calculated as follows
= Direct material + direct labor + variable manufacturing overhead
= $17 + $8 + $4
= $29
Hence the unit of product cost is $29
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Answer:
55,000
Explanation:
Cost of goods manufactured = Opening Work in Process + Manufacturing costs - Closing Work In Process
Putting values in above equation
50,000 = 20,000 + MC - 25,000
50,000 + 25,000 - 20,000 = 55,000
Here total cost is given which is of completed goods, and therefore work in process is not included in this value of 50,000 and thus treated differently.
Thus total manufacturing costs = 55,000
