Answer: a. Cheaper
b. Shift production from commodity-type goods to high-value products.;
Begin importing foreign-made parts
Explanation:
1. Japanese products became 22% <u>cheaper</u> than U.S. products.
The US Dollar became 22% stronger than the Japanese Yen meaning that the US Dollar can now buy 22% more Yen than before. If a good is priced in Yen then this means that the USD can buy 22% more of that good than before meaning that the good is 22% cheaper now.
2. Commodity goods are essentially raw or semi processed foods. Because the USD has become stronger, importing these goods instead of producing them would reduce the cost of production if they were to start processing said goods and making them High Value products so this is what they should do.
The USD is now stronger against major trading Partners. Like earlier mentioned, this means that the USD can buy 22% more goods as a result. Companies should therefore import parts that they need because they'll be able to buy 22% more of those parts thereby reducing their cost of Production.
Answer and Explanation:
The Preparation of production budget report in units is shown below:-
Pasadena Candle Inc.
Production budget report
For the year ended Jan 31
Particulars Units
Expected units to be sold 63,000
Add: Desired ending inventory, Jan 31 6,000
Total units available 69,000
Less: Estimated beginning inventory, January 1 -4,300
Total units to be produced 64,700
Therefore we simply deduct the Estimated beginning inventory, Jan 1 from total units available to reach the total units to be produced
Make a cost-of-sales estimate. COGS. Determine how much money you make from selling the products. To calculate gross profit, deduct the cost of items from revenue.
Divide the result by revenue now. To calculate gross profit as a percentage, multiply it by 100. Gross profit is a metric reflecting how effectively a business uses labour and revenue to produce items or provide services to customers. You can better comprehend revenue-generating costs by looking at gross profit. The profit equation can be written as Profit = Revenue - Cost in its most basic form. Costs comprise both variable costs and fixed costs.
To learn more about gross profit, click here.
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Answer:
C. 12 cases remaining
Explanation:
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day.
Orders arrive three days from the time they are placed.
Thus, the shop has 3 days of merchandise in transit:
4 cases x 3 days in-transit: 12 cases
When there is 12 cases remaining It should do the order. This will make the order arrive exactly when the inventory drops to zero according to a just in time policy.
Answer:D. tactical
Explanation:Tactical decisions are medium-term decisions usually spanning between six months and one year. Tactical decisions are made within the limitations of the overarching strategic supply chain decisions, in other words, they are planned towards accomplishing and executing the strategic level decisions.
Tactical decisions resolve mostly conflicts between strategy and its implementation. They also apply to conflicts between individual objectives and objectives of the whole company.
