Networking with your friends, members of organizations and co-workers can assist a person to get the job they want or move up in their current job. Networking can help a person get into the right circles and meet new people. This will help you meet the right connections to better yourself with a new job or even move up the ladder in your current job. You can also have business cards made and give them to co-workers, friends, and family to pass around for you. You can also use people in your already completed circle of friends to use as a mentor. This will help you become the person you want to be in life.
Answer: SEE EXPLANATION
A. 198.27 UNITS
B. 99.14 UNITS
C. 30.76 ORDERS
D. 8.12 DAYS
E. $1,784.43
Explanation:
Given the following ;
Annual order = 6,100
Carrying cost = $9 per unit per year
Ordering cost = $29
A) EOQ =sqrt[( 2 × Annual order × (ordering cost ÷ carrying cost)]
EOQ = sqrt[2 ×6100 × (29÷9)]
EOQ = sqrt(12200 × 3.22222222)
EOQ = 198.27 units
B.) AVERAGE INVENTORY :
EOQ ÷ 2
198.27 ÷ 2 = 99.14 UNITS
C.) Optimal number of orders per year:
Demand / order per year
6,100 ÷ 198.27 = 30.76 orders
D.) Optimal number of days between two orders:
Number of working days ÷ optimal number of orders
250 ÷ 30.76 = 8.12 days.
E.) Annual cost of ordering and holding inventory:
$198.27 × $9 = $1,784.43
Answer:
Companies have a corporate social responsibility towards their environment.
Explanation:
Corporate social responsibility implies that companies are expected to engage in industrial practices that would not result in harm to their environment. For example, the amount of carbon being released into the environment must be controlled as excessive release of carbon can be detrimental to health. It is also not right for waste to be discharged into the oceans because the health of the sea animals, the ocean itself and those who swim in it are at risk.
To promote sustainability, companies avoid practices that would eventually harm their environment. Abiding by these practices might take a longer route, but is eventually cost effective and beneficial.
Answer:
d.The face value is below the equilibrium price because the rate in the secondary market exceeds the face value.
Explanation:
Equillibrumnprice is defined as the price at which a buyer is willing to buy and a seller is willing to sell a product.
The buyer is willing to buy the ticket at $457 and the reseller also wants to sell at that price, so this is the equillibrum price.
The face value is $259 so it is less than the equillibrum price.
The rate in the secondary market is determining equillibrum price in this case.
Answer:
Explanation:
Under GAAP, every cost incurred should be classified into either period cost or product cost, where:
Product Cost:
The cost business has incurred right now, but will benefit from it in future for e.g. raw materials used to manufacture something which will be sold in next period (by the way period means the time span for which business is reporting its performance like year or quarter). these generally include direct labor, materials and manufacturing over heads
these costs should be capitalized and expensed out in future as the inventory is used.
Period Cost:
all other costs from which business has benefited completely in current period, including admin sales and distribution related costs
these should be expensed out in current period.
for warehousing costs, if they pertain to raw materials and semi finished goods they will be capitalized but if they pertains to finished goods they will be expensed out (as there is no benefit expected from them in future now)
for research and development, every research cost should be expensed out for e.g. feasibility studies under GAAP, but if product found to be commercially viable then the development costs can be capitalized as intangible asset(with the same logic as these will be exactly like manufacturing costs for tangible products).
