Answer:
Trade credit
Explanation:
Trade credit is a financial tool which buyer is allowed by supplier to buy now and pay later. Payment date is pre-decided. It is generally used for financing on short term basis.
Answer:
The first worker complete the job in 25 days himself
The second worker complete the job in 20 days himself
Explanation:
r1= rate of work done by first worker
r2=rate of work done by second worker
W= total work done
t days= time taken by the 1st worker to complete the job
r1(t)=W
r1=W/t (1)
Then the time taken by the 2nd worker to complete the job is t-5 days.
r2(t−5)=W
r2=W/(t−5) (2)
If 1st worker do the job for 1 hour and then both the worker do the job for 4 hours and 40% work is done, So
r1(1)+(r1+r2)(4)=4W/10
r1+4r1+4r2=4W/10
5r1+4r2=4W/10 (3)
Substitute equation 1 and 2 into (3)
5W/t+4{W/(t−5)}=4W/10
Multiply through by 10(t-5)
5/t+4/t−5=4/10
5(10)(t−5)+4(10)(t)=4(t−5)(t)
50t−250+40t=4t^2−20t
4t^2−110t+250=0
Solving the above quadratic equation using factorization method
4t^2−100t−10t+250=0
4t(t−25)−10(t−25)=0
(t−25)(4t−10)=0
t=25 or t=2.5
2.5 can't be the answer because if we take 2.5 days in which 1st worker completes the work, then the second worker will complete the work in -2.5days which is wrong.
The first worker completes the job in 25 days by himself and the second worker completes the job in 20 days by himself.
Answer:
The Just-in-time( JIT) inventory management
Explanation:
The Just-in-time( JIT) inventory management approach seeks to increase efficiency in the stock management process. JIT achieves efficiency by reducing the cost of holding stocks and eliminating wastage associated with keeping a high volume of inventory. Under JIT, materials are ordered when they are required for production. The business does hold stocks or will have minimal quantities in the stores.
George can adopt the just-in-time system in his place of work. His cost of holding stock will reduce as materials will be purchased to meet the current production requirements. Market demand determine production. It means there will be no storage of a high volume of finished goods, which ties up a lot of capital.
Answer:
A feasibility report is a paper that examines a proposed solution and evaluates whether it is possible, given certain constraints. It includes six sections: introduction, background information, requirements, evaluation, conclusions, and finally, the recommendation or final opinion section.
How a feasibility report should be written:
1. Write a Project Description. At this step, you need to collect background information on your project to write the description. ...
2. Describe Possible Solutions. ...
3. List Evaluation Criteria. ...
4. Propose the Most Feasible Solution. ...
5 Write a Conclusion.
Explanation:
The feasibility report will look at how a certain proposal can work on a long-term basis or endure financial risks that may come. It is also helpful in recognizing potential cash flow. Another important purpose is that it helps planners focus on the project and narrow down the possibilities.
A feasibility report is a document that assesses potential solutions to the business problem or opportunity and determines which of these are viable for further analysis.
Answer:
Net income under variable costing $80,000
Explanation:
The computation of the net income using direct/variable costing is shown below:
Net income under absorption costing $60,000
Add fixed cost under applied $20,000
Net income under variable costing $80,000
Working
Beginning inventory 13000
Less ending inventory -8000
Decrease in inventory 5000
Now under applied inventory $20,000
