Answer:
Gavin's delivery cycle time=11.6 days
Explanation:
The delivery cycle time is the time between when an order from a customer is received and the time the product is actually delivered to the customer. It can be calculated using the formula below;
DCT=W+I+P+M+Q
where;
DCT=delivery cycle time
W=wait time=5 days
I=inspection time=0.7 days
P=process time=2.5 days
M=move time=0.4 days
Q=queue time=3 days
In our case;
DCT=unknown
W=5 days
I=0.7 days
P=2.5 days
M=0.4 days
Q=3 days
replacing;
DCT=5+0.7+2.5+0.4+3=11.6 days
Gavin's delivery cycle time=11.6 days
The reason why the demand is extremely time-and-place dependent would be: <span>Because customers must be present for service to be delivered
</span>customers must be present for services businesses because Unlike merchandising business, service business focused on the enhance Customer's experience rather than focus on selling the product.
Answer and Explanation:
The matching is given below:
1. Historical cost: Historical cost is the cost that should be shown in the balance sheet. It is known as the real cost or original cost
hence, the correct option is C
2. Current cost: The current cost is the cost that should be incurred for the acquisition of an asset
Therefore the correct option is A
3. Net realizable value: The net realizable value is the value that could be determined by deducting any direct cost from the sale value also it would be use for pay off the liabilities
Therefore the correct option is D
4. Present value of future cash flows: The present value would be discounted at the particular rate of the market
Therefore the correct option is E.
5. Current market price: The amount of money that would be received when the asset is sold
Hence, the correct option is B.
Answer:
Question 1
b. $100,000
Question 2
(a) Goods held on consignment from another company.
Explanation:
Question 1
Calculation to determine what the cost of the ending inventory under LIFO is
Using this formula
Cost of the ending inventory =(Inventory, Jan. 1 Units*Cost )+[(Dec 31 Units on hand- Inventory, Jan. 1 Units)*Purchase, June 19 Cost ]
Let plug in the formula
Cost of the ending inventory =(8,000 * $11) + (1,000 *$12)
Cost of the ending inventory =$88,000+$12,000
Cost of the ending inventory =$100,000
Therefore the cost of the ending inventory under LIFO is $100,000
Question 2
GOODS HELD ON CONSIGNMENT FROM ANOTHER COMPANY should NOT be included in the PHYSICAL INVENTORY of a company but rather be included in the inventory of the sender of the goods which is the CONSIGNOR.
