Costco now needs to effectively manage the sale of this returned item. Reverse logistics is an example of managing this return.
<h3><u>Reverse logistics: What are they?</u></h3>
Supply chain management that moves goods back from buyers to sellers or manufacturers is known as reverse logistics. Reverse logistics are needed for procedures like returns or recycling after a customer receives a product.
Reverse logistics begin at the customer and work their way back through the supply chain to the manufacturer or the distributor. Reverse logistics can also refer to procedures where the customer is in charge of the product's final disposal, such as recycling, refurbishing, or resale.
Recovering value and encouraging customer repurchase are the goals of reverse logistics. At least 30% of items ordered online are returned, compared to less than 10% of in-store purchases.
Learn more about reverse logistics with the help of the given link:
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Answer:
The answer is Option B) Irene likely uses <u>Technical Reasoning</u> at the <u>Use first</u> level
Explanation:
Technical reasoning is defined as an aptitude, ingenuity, and affliction for solving practical problems through experience.
The person who uses the Technical pattern on a Use First basis seeks to problem-solve, build or do things hands on to experience what is going on.
Technical Reasoning refers to the pattern which describes the way we seek relevant real world experiences and practical answers. This pattern is the pattern of the fewest words
Answer:
Jul-01
Dr Retained Earnings $324,800
Cr Common stock dividend distributable $232,000
Cr Paid-in capital in excess of par value - Common stock 92,800
Explanation:
Preparation of the journal entry to record the dividend declaration is:
Jul-01
Dr Retained Earnings $324,800
(58,000 shares x 20% x $28)
Cr Common stock dividend distributable $232,000
(58,000 shares x 20% x $20)
Cr Paid-in capital in excess of par value - Common stock 92,800
(58,000 shares x 20% x $8)
Answer:
Her net pay for the month is $6274.522
Explanation:
The computation of net pay is calculated by applying an equation which is shown below:
Net pay = Total pay - fica tax for social securtity - fica tax for medical care - federal income tax
where,
total pay is $8,738
fica tax for social security = total pay × fica tax rate for social security
= 8,738 × 6.2%
= $541.756
fica tax for medical care = total pay × fica tax rate for medical care
= 8,738 × 5.4%
= $471.852
And, federal income tax is $1449.87
So, the net pay is equals to
= $8,738 - $541.756 - $471.852 - $1449.87
= $6274.522
The suta tax rate would not be considered as full information is not given in the question. So, this part should be ignored.
Hence, her net pay for the month is $6274.522
Close Substitutes.
When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.