The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
<h3 /><h3>What is inventory holding cost?</h3>
- The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
- Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.
- Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
- To reduce stock-out costs, merchandise is kept on hand.
- To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.
- Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs.
- Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.
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The decision making process of solving a workplace have
seven steps: Identification of the problem, understanding interests, list of
possible solutions, evaluating the options, selecting the options, documenting
of the agreements and agreeing on contingencies, monitoring and evaluation. The
solution is implemented on the last step which is agreeing on contingencies,
monitoring and evaluation because in here there are opportunities that are
created to evaluate the agreements and the implementation of the solutions.
Answer:
B. $11,000 increase in Assets; No effect on Liabilities; $11,000 increase in Stockholders’ Equity
Explanation:
As the company received cash in exchange for the common stock. So, it affect the accounting equation which is shown below:
Total Assets = Total liabilities + Total stockholder equity
The journal entry is shown below for better understanding:
Cash A/c Dr XXXXX
To Common stock XXXXX
To Additional Paid-in capital - in excess of par XXXXX
(Being cash is received)
So, it would not impact the total liabilities
Considering the available options, the choice that is not a type of trademark is "<u>Simple</u>."
<h3>What is a Trademark?</h3>
Trademark is the term used to describe the word, phrase, design or symbol, or combination thereof.
Generally, the purpose of a Trademark is to create the identity for the source of the commodities such that these commodities can be easily differentiated from similar commodities.
<h3>Different types of Trademarks</h3>
There are four major categories of Trademarks which include the following:
- Coined or Fanciful trademark
- Arbitrary trademark
- Suggestive trademark
- Descriptive trademark
Hence, in this case, it is concluded that the correct answer is "<u>Simple</u>."
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Answer:
The correct answer is letter "D": more inelastic.
Explanation:
When its price changes, the supply, and demand for an inelastic good or service are not dramatically impacted. Whether the price of an inelastic product goes up or down, the buying habits of consumers remain roughly the same. <em>Prescription drugs, food, clothing, </em>and <em>gasoline</em> are common examples of inelastic goods.
Thus, <em>if the price of gasoline doubles tonight, that price would be considered more inelastic tomorrow compared to the current price until today than comparing the doubled price during the course of the upcoming two years</em>.
