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3 years ago

Identify and explain two reasons why businesses should manage the level of raw material inventories

Business

1 answer:

Hitman42 [59]3 years ago

5 0

Answer: Improve Productivity

Explanation: Accurate inventory levels mean staff has what they need to get the job done. Having accurate knowledge of your on-hand inventory provides for an improved and more efficient reordering process.

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Which of the following conditions ensures that excess profits cannot persist in a perfectly competitive market over the long run

konstantin123 [22]

Answer:

Ease of entry into the market

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services.

In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.

I hope my answer helps you

3 0

4 years ago

In 2010, the country of Vesey exported goods worth $312 billion and services worth $198 billion. It imported goods worth $525 bi

Masja [62]

Answer:

Trade balance of a country is given by the difference between its exports and imports. If Exports of a country exceed its imports then we have a trade surplus. If Imports are more than its exports then we have a trade deficit.

Trade Balance

Since the difference is positive we have a trade surplus of $8.

Read more on Brainly.com - brainly.com/question/10714097#readmore

4 0

3 years ago

In an emergency situation the driver should always contact the dispatcher? True or false

Goryan [66]

Most definitely True

7 0

3 years ago

Read 2 more answers

A 60-year-old man develops lung cancer, and sues the manufacturer of an asbestos-containing material. The man worked in construc

Artyom0805 [142]

Answer:

Weak because of proximate cause is difficult to prove in absence of other similarly affected individuals

Explanation:

Since in the question it is mentioned that the 60 year old man have a lung cancer so he sues the asbestos manufacturer also he trust that it is unsafe as her friend who use the alternative material has not have a lung cancer so here the case would be weak as of proximate cause as it is difficult for proving it

Therefore the same is to be considered

8 0

3 years ago

Crystal Charm Company makes handcrafted silver charms that attach to jewelry such as a necklace or bracelet. Each charm is adorn

Damm [24]

Answer:

silver

direct materials price variance = $1,050 favorable

direct materials quantity variance = $13,200 favorable

Crystals

direct materials price variance = $671 favorable

direct materials quantity variance =$1,327.50 favorable

direct labor

direct materials rate variance = $1,200 unfavorable

direct materials efficiency variance =$2,100 favorable

Explanation:

silver

direct materials price variance = (Aq×Ap)-(Aq×Sp)

= (350×$21,00)-(350×$24.00)

= $1,050 favorable

direct materials quantity variance = (Aq×Sp)-(Sq×Sp)

= (350×$24.00) -(1,500×0,60×$24.00)

= $13,200 favorable

Crystals

direct materials price variance = (Aq×Ap)-(Aq×Sp)

= (3,050×$0,23)-(3,050×$0.45)

= $671 favorable

direct materials quantity variance = (Aq×Sp)-(Sq×Sp)

= (3,050×$0.45) -(1,500×4.00×$0.45)

= $1,327.50 favorable

direct labor

direct materials rate variance = (Aq×Ap)-(Aq×Sp)

= (2,400×$14,50)-(2,400×$14.00)

= $1,200 unfavorable

direct materials efficiency variance = (Aq×Sp)-(Sq×Sp)

= (2,400×$14.00) -(1,500×1.50×$14.00)

= $2,100 favorable

4 0

4 years ago