3. How would companies evaluate their Inventory based on what criteria? Answer Space

Answers

Answer 1

Companies evaluate their inventory based on several criteria to ensure effective management and optimization of resources Economic Order Quantity (EOQ), Inventory Turnover Ratio, Safety Stock, Carrying Costs, Stockouts and Lost Sales, and ABC Analysis

Key factors considered include:

1. Economic Order Quantity (EOQ): This is the optimal order size that minimizes the total inventory costs, including ordering, holding, and shortage costs. Companies calculate EOQ to determine the ideal frequency and quantity of inventory replenishment.

2. Inventory Turnover Ratio: A higher ratio suggests efficient inventory management and a fast-moving product, while a lower ratio indicates slow-moving inventory or overstocking.

3. Safety Stock: This is the additional inventory maintained to mitigate the risk of stockouts due to demand fluctuations or supply chain disruptions. Companies assess their safety stock levels based on historical demand data, lead time variability, and desired service levels.

4. Carrying Costs: These are the expenses associated with holding inventory, including storage costs, insurance, taxes, and depreciation. Companies aim to minimize carrying costs without compromising service levels or incurring stockouts.

5. Stockouts and Lost Sales: Companies evaluate the frequency and impact of stockouts on their business, as they can lead to customer dissatisfaction and lost sales. Efficient inventory management seeks to minimize stockouts while avoiding overstocking.

6. ABC Analysis: This is a method used to classify inventory items based on their importance or value. Companies categorize their inventory into three groups (A, B, C) to allocate resources and focus on the most valuable items.

By considering these criteria, companies can evaluate their inventory management practices and make informed decisions to improve efficiency, reduce costs, and enhance customer satisfaction.

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Related Questions

6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)

Answers

Explanation:

Your Credit History

Your Ability To Pay The Loan

Your Cash Flow History

True or false: All other things being equal, taxpayers should prefer to recognize income during high-tax-rate years.

Answers

The statement that All things being equal, taxpayers, should prefer to recognize deductions during high tax-rate years is True.

Who are taxpayers?

The taxpayers are individuals or organization that is been given responsibility by the government to pay their tax.

However, taxpayers, should prefer to recognize deductions in the period of income during low-tax rate years.

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if china took 40 years to increase its real gdp per capita eightfold, what was its average economic growth during this period?

Answers

Answer:

5.25

Explanation:

Being tardy is an example of
O positive employability skills
O broken alarm clock
O unreliable transportation
O negative employability skills

Answers

⚫️negative employability skills… cmon my boy you know you didn’t need brainly for that

Match the different account heads to the two aspects of business.

Match the different account heads to the two aspects of business.

Answers

Answer:

See below

Explanation:

Match Source A

The business owns:

Are assets that belong to the business.

investments

intangible assets

Property, Plant, and Equipment

Current assets

Match source B

Match owes :

Refer to the liabilities of the business. They belong to others.

loans

payable

Contribution margin is:
A) Revenues divided by fixed costs
B) Revenues minus variable cost
C) Revenues plus variable cost
D) Net Sales
E) None of these

Answers

The correct answer for the definition of contribution margin is B) Revenues minus variable costs.

Contribution margin is the amount of revenue that remains after deducting the variable costs associated with the production or sale of a product. It is a useful tool for determining the profitability of individual products or services, as it helps to assess the amount of revenue that contributes towards covering the fixed costs of a business.

By calculating the contribution margin, a business can determine the level of sales volume required to break even or generate a profit. This information is important for making strategic decisions regarding pricing, cost management, and product mix.

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A nurse earns $31,400 annually and receives a 4% raise in salary. What is the new salary?

Answers

SOLUTION:

The new salary can be found using the formula:

\(\rm New\: salary = Old\: salary + (Percent\: increase \cdot Old\: salary)\)

First, we need to convert the percentage increase to a decimal:

\(\rm\qquad\quad\implies 4\% = 0.04\)

Next, we can plug in the given values:

\(\rm New\: salary = 31,400 + (0.04 \cdot 31,400)\)

Simplifying this equation, we get:

\(\rm New\: salary = 31,400 + 1,256\)

\(\rm New\: salary = 32,656\)

\(\therefore\) The nurse's new salary is $32,656.

\(\blue{\overline{\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad}}\)

how does collection policy influence sales, the collection period and the bad-debt loss percentage?

Answers

Collection policy can have a significant impact on sales, the collection period, and the bad-debt loss percentage.

1. **Sales**: Collection policies influence sales by affecting the credit terms offered to customers. Strict collection policies, such as requiring upfront payment or shorter credit periods, may deter potential customers who rely on credit. This can lead to a decrease in sales volume. On the other hand, more lenient collection policies, with longer credit periods or installment options, may attract more customers and increase sales.

2. **Collection Period**: Collection policies directly influence the collection period, which is the average time it takes for the company to receive payments from customers. A strict collection policy with stringent payment terms and rigorous follow-up procedures can help in reducing the collection period. Conversely, a lenient collection policy may result in longer collection periods, as customers may delay payments or default on their obligations.

3. **Bad-Debt Loss Percentage**: The bad-debt loss percentage is the proportion of sales that the company writes off as uncollectible. Collection policies play a crucial role in minimizing bad debts. By implementing effective credit assessment procedures and diligent follow-up on overdue payments, a company can reduce the occurrence of bad debts and lower the bad-debt loss percentage. Stricter collection policies, including timely reminders, penalties for late payments, and debt collection efforts, can contribute to minimizing bad debts.

Overall, a well-designed collection policy balances the need to attract customers and promote sales with the objective of minimizing collection periods and bad-debt losses. It is important for businesses to regularly review and adjust their collection policies to optimize sales, ensure timely cash flow, and mitigate bad-debt risks.

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Stephanie has opted to work from 7 a.m. until 3 p.m. so she can be home when her son comes home from school in the afternoon. Her company must offer _____ for Stephanie to have this option. Group of answer choices compressed workweeks flextime executive perquisites variablepay telecommuting

Answers

Stephanie's company must offer flextime for her to have the option of working from 7 a.m. until 3 p.m. correct answer is flextime.

Flextime is a type of work schedule that allows employees to have flexibility in the hours they work, as long as they complete their required hours and tasks. This allows Stephanie to adjust her work schedule so that she can be home when her son comes home from school in the afternoon. Flextime is becoming more popular among companies as it offers benefits to both the employee and the employer. For the employee, it provides a better work-life balance and reduces stress. For the employer, it can increase employee satisfaction, productivity, and retention. Overall, offering flextime can be a win-win situation for both the employee and the company.

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If a bank protected by the FDIC fails, then all of the individuals who have deposited money into the bank _____. a. Are restricted from ever using a bank again b. Will be reimbursed by the federal government c. Have lost all of their money and savings forever d. Become members of the Federal Reserve Bank

Answers

If a bank protected by the FDIC (Federal Deposit Insurance Corporation) fails, then all of the individuals who have deposited money into the bank will be reimbursed by the federal government.

The FDIC is an independent agency of the federal government that provides deposit insurance to protect depositors in case a bank or savings institution fails. The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

If a bank fails and is unable to return deposits to its customers, the FDIC steps in to pay depositors up to the insured amount. This means that the individuals who have deposited money into the bank will not lose their money, as long as it is within the insured amount.

I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.

Answers

The Web sites that can help an entrepreneur in  writing a good business plan are:

The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.

What is a business plan?

A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.

Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.

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How is the focus group discussion (FGD) used as a method of generating ideas?

Answers

Answer:

The strength of FGD relies on allowing the participants to agree or disagree with each other so that it provides an insight into how a group thinks about an issue, about the range of opinion and ideas, and the inconsistencies and variation that exists in a particular community in terms of beliefs and their experiences ...

Explanation:

Which TCF checking account fee is the most expensive?

Answers

Answer:

Explanation: it’s o stop payment fee

When businesspeople need to travel for work, they depend on ___________________________ to make all of their arrangements.

bleisure specialists
corporate travel managers
group tour operators
meeting planners

Answers

If a businesspeople need to travel for work, they depend on corporate travel managers  to make all of their arrangements.

Who is a corporate travel managers?

A corporate travel managers can be defined as the people who  develop a travel policy  for companies or organization and they as well help company to carryout any plan that has to do with travelling .

This travel managers play an important role as they ensures that company employee that want to travel for official meetings or for business purpose  follow the company policy or guideline and they as well ensures that the traveler went and come back safely.

Therefore the correct option is B.

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Blaine Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2,000 shares of Horton Company (10%) for $51,000 cash. June 1 Received cash dividends of $3 per share on Horton stock. Oct. 1 Sold 1,200 shares of Horton stock for $32,400. The entry to record the receipt of the dividends on June 1 would include a

Answers

The entry to record the receipt of dividends on June 1 would include a debit to dividend income account and a credit to cash account.

The Blaine Company’s transactions regarding stock investments are as follows:

February 1: The Blaine Company bought 2,000 shares of Horton Company (10%) for $51,000 cash.

June 1: The Blaine Company received cash dividends of $3 per share on Horton stock.

October 1: The Blaine Company sold 1,200 shares of Horton stock for $32,400.

The entry to record the receipt of dividends on June 1 would include:

For Blaine Company, cash dividends received on June 1 are recorded as income and are debited as cash account and credited as dividend income account.

The entry to record the receipt of dividends on June 1 would include:

June 1 Dividend Income 6,000Cash 6,000

The entry debits the cash account for $6,000 and credits the dividend income account for $6,000.

Thus, the journal entry would include a debit to dividend income account and a credit to cash account.

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A particular stock had a return last year of 4 percent. However, you look at the stock price and notice that it actually didn't change at all last year, how is this possible?

Answers

It is possible for a stock to have a return of 4 percent while the stock price remains unchanged due to the inclusion of dividends in the calculation of the return.

The return on a stock is typically calculated by considering both price appreciation and dividends received during a specific period. In this case, while the stock price did not change, it is possible that the stock paid a dividend of 4 percent during the year.

Dividends are periodic payments made by a company to its shareholders as a distribution of profits. When calculating the return on a stock, dividends are included as a component of the total return. Therefore, if a stock did not experience any price change but paid dividends, the return can still be positive.

For example, let's say an investor holds a stock that has a price of $100 at the beginning of the year. During the year, the stock does not experience any price change, but the investor receives a dividend of $4. In this case, the return on the stock would be calculated as ($4 dividend / $100 initial price) * 100, resulting in a 4 percent return.

So, it is possible for a stock to have a positive return even if the stock price remains unchanged, as long as dividends or other factors contributing to the return are considered in the calculation.

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Poppy's gumball co. is planning to invest in a new marketing campaign that would require an initial investment of $85,000. the project is expected to provide incremental annual income of $27,200. the simple rate of return on the project is blank______. multiple choice question. 47% 312.5% 212.5% 32%

Answers

Your annual income is the amount of money you receive during the year into your bank account, before any deductions, thus the correct answer is 32%.

What is annual income?

The simple rate of return on the project is 32% if the cost investment is $85,000 and the annual income earned on it is $27,200.

Annual income is the amount of profit a company makes from investing in long-term projects. You can tell from the company's income statement.

Given values:

Annual income : $27,200

Initial investment : $85,000

Computation of simple rate of return on investment:

Simple ratio of return= Annual incremental income/Initial investment

Simple ratio of return= 27200/85000

Simple ratio of return= 32%

Your annual salary is paid by your employer, the company you work for. The term annual is used because this is typically an annual salary paid over 12 months. Annual income, on the other hand, is the total amount of money earned in a year.

Initial investment is the initial cash required to open an account or establish a buy-in relationship. The term “initial investment” is mainly used in two different but related sectors.

Banking and future investment brokerage business.

Net Income (NI), also known as web income, is the value of the products sold, minus selling expenses, general expenses, physical expenses, operating expenses, depreciation, interest, taxes, and replacement expenses from sales. calculated as This is a method that helps investors determine how much a company's earnings exceed its costs.

The rate of return is therefore obtained at 32% after making an initial investment of $85,000 into the project with an annual revenue of $27,200.

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Hazmat labels are used to communicate information necessary to protect human health and the environment

Answers

The natural environment or natural world encompasses all living and non-living things occurring naturally, meaning in this case not artificial.

What is the meaning of Environment?

An organism's environment is made up of the external conditions, resources, stimuli, etc. that it interacts with.

We are impacted by everything around us. You decide if they are still alive or not. It is made up of organic forces like both physical and chemical ones. Living creatures occur in environments. They are constantly engaging with it and adapting their actions to the situation.

Everything in our immediate surroundings—including both living and nonliving things including air, water, soil, plants, and animals—is considered to be part of our environment. The magnificence of nature sustains life on Earth.

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Kevin and Maria Rossi live in Swarthmore, PA. Maria's father, Rajiv, lives in Sweden.For each of the following transactions, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Note: A product’s inclusion in one category does not necessarily imply that it is excluded from other categories.Transaction C I G X MThe state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. Kevin's employer upgrades all of its computer systems using U.S.-made parts. Maria gets a new video camera made in the United States. Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. Kevin buys a sweater made in Guatemala.

Answers

The component of the GDP includes consumption, investment, government purchases, exports, imports.

The drop-down for the given list includes:The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - Government Purchase.

Kevin's employer upgrades all of its computer systems using U.S.-made parts. - Investment.

Maria gets a new video camera made in the United States. - Consumption.

Rajiv in Sweden orders a bottle of Vermont maple syrup from the producer's website. - Exports.

Kevin buys a sweater made in Guatemala. - Consumption & Imports.

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15. The word tourism first referred to which of the following? (1 point)
Oa theatrical voyage
Oa ship used by pirates in the Caribbean
O a traditional Austrian dance
O a gift given to a hostess

Answers

The word tourism was first referred to as a theatrical voyage. So, option (a) or (i): theatrical voyage is the correct answer.

Why is tourism referred to as a theatrical voyage?

Many tourist places in China have quickly established theatrical performances; yet, little research has been done in this crucial field.

The tour de France, a great tour, conducted by young nobility during the 16th and 18th centuries, was an early form and predecessor of modern tourism.

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The procurement statement of work is a key output of:

Answers

The Procurement Statement of Work (SOW) is a key output of the Plan Procurement Management process. The Plan Procurement Management process is a part of the Project Procurement Management knowledge area and focuses on defining how procurement will be managed and executed throughout the project.

The Procurement SOW is a document that describes the procurement requirements in detail, including the scope of work to be performed, technical specifications, quality standards, delivery dates, and any other requirements that must be met by the seller. The Procurement SOW is used as the basis for soliciting proposals from potential sellers and evaluating their responses.

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Cover pages should include
a. The name of your class
b. The date you turn in the paper
c. Your teacher's name
d. All of these
Please select the best answer from the choices provided
O A
B
Ос

Answers

The answer it’s letter D

Answer:

the answer is D

Explanation:

Several menths from now, two diplomats wil meet in an undisciosed location to-agree on a new treaty for land and mineral rights. Diplomat X would ilke to procure copper-mining rights for his coultry, while Diplomat y would like to procure sllver.mining rights for her country. These products are critical to each country's economy, and both parties have to not only agree to the treaty but also abide by it.

Answers

The two diplomats will meet in an undisclosed location in the coming months to discuss a new treaty for land and mineral rights. The products under discussion are copper-mining rights and silver-mining rights, which hold significant importance for the economies of both countries. Diplomat X represents a country interested in obtaining copper-mining rights, while Diplomat Y represents a country seeking to acquire silver-mining rights.

For the negotiations to succeed, the two diplomats must reach a consensus and adhere to the terms of the agreed-upon treaty. Their ability to find a mutually beneficial solution that satisfies their respective interests will determine the outcome. They must carefully consider the advantages of securing these products for their countries against the potential consequences of not gaining access to them.

In conclusion, the diplomats must engage in sincere negotiations aimed at reaching a new treaty concerning land and mineral rights. These resources are vital for the prosperity of their economies, and any agreement must be acceptable to both parties. While prioritizing their own country's interests, they should also take into account the concerns and interests of the other party. Ultimately, the treaty should foster mutual benefits and cooperation between the two countries.

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true or false? agency professionals must contact amazon to request access to their client's seller central account.

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The given statement "agency professionals must contact amazon to request access to their client's seller central account." is true because  Amazon has a specific process for granting access to a client's seller central account and the account owner must authorize access to the agency professional.

In order to gain access to a client's seller central account on Amazon, agency professionals must contact Amazon and request access. Amazon has a specific process in place for this, and the account owner must authorize access to the agency professional. Unauthorized access to an Amazon seller central account can result in account suspension or other penalties.

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debit balance with binod rs.50000​

Answers

Answer:

what?

Explanation:

TRUE OR FALSE?

1. When you pay back a loan, you only have to pay the principle amount that was borrowed.
2. A budget is a financial plan.

Answers

Hi, these are your answers:-

1. When you pay back a loan, you only have to pay the principle amount that was borrowed. False.

Brief answer:- You have to pay Compound interest and tax also.

2. A budget is a financial plan. True

Hope it helps you...

Answered by Benjemin ☺️

1. is false
2. is true

Sally desperately wants to open her own nail salon. She decides to open on the north side of town, which she did not realize receives relatively little traffic. Which category would this error fit under?.

Answers

Sally desperately wants to open her own nail salon. She decides to open on the north side of town, which she did not realize receives relatively little traffic. This error fits under strategic.

The method is a general plan to obtain one or more long-time periods or standard goals below situations of uncertainty. In the sense of the "art of the overall", which included several subsets of competencies including military tactics, siegecraft, logistics, and so on., the time period came into use within the 6th century C.E. In Japanese Roman terminology and was translated into Western vernacular languages handiest in the 18th century. From then till the 20th century, the word "strategy" came to denote "a complete way to attempt to pursue political ends, together with the danger or actual use of force, in a dialectic of wills" in a navy battle, wherein each adversary interact. The approach is critical because the resources to be had to obtain goals are normally constrained. The method usually includes placing goals and priorities, figuring out moves to attain the dreams, and mobilizing resources to execute the actions.

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Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is

The Food and Drug Administration (FDA)

Answers

Quik Mart sells groceries. Rite Price sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is

The Food and Drug Administration (FDA)

What is Food and Drug Administration (FDA)?

The US food supply, biological goods, medical devices, cosmetics, and radiation-emitting products are all regulated by the Food and Drug Administration (FDA), which also ensures their safety, efficacy, and security.

The Food and Drug Administration (FDA) is in charge of ensuring the security, safety, and efficacy of biological goods, medical devices, our country's food supply, cosmetics, and radiation-emitting products in order to safeguard the public's health.

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According to the national communication association, which skill is considered the most valuable by employers?.

Answers

Explanation:

Listening. Being a good listener is one of the best ways to be a good communicator. ...

Nonverbal Communication. ...

Clarity and Concision. ...

Friendliness. ...

Confidence.

Empathy. ...

Open-Mindedness. ...

Respect

According to the national communication association, communication skills are the one that is considered the most valuable by the employers. Therefore, the option B holds true.

What is the significance of communication skills?

Communication skills can be referred to or considered as the skills that help in determining and showcasing the level of proficiency that an individual has while being involved in a communication in a professional environment.

When employers are looking for suitable candidates, communication skills of the applicants are given the top priority in order to determine the capabilities of a person as an ideal and a potential employee to the company.

Therefore, the option B holds true and states regarding the significance of communication skills.

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The missing choices to the incomplete question have been added below for better reference.

A. Verbal

B. Communication

C. Linguistic

D. All of these

Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor

Answers

Answer:

Buying an expensive piece of machinery

Explanation:

Other Questions
Suppose a perfectly competitive industry can produce widgets at a constant marginal cost of $10 per unit. Monopolized marginal costs increase to $12 per unit because $2 per unit must be paid to lobbyists to retain the widget producers favored position. Suppose the market demand for widgets is given byQd = 1,000-50P a. Calculate the perfectly competitive and monopoly outputs and prices.b. Calculate the total loss of consumer surplus from monopolization of widget production.c. Graph your results and explain how they differ from the usual analysis. can mercury diffuse in our body using simple diffusion ? what is [h ] if [cu2 ] = 1.05 m? light hue represent the middle of the color scheme, with each end diverging into a separate hue to highlight values above and below the midpoint of the data setUsed with data sets that have been classified around the mean of the data set, useful for data classified as quantiles. role of students in establishing peace Create 3 different graphs that model the three kinds of systems of equations solutions. Do not put them all on the same graph. 1. Graph of a system with one solution2. Graph of a system with no solution3. 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PortfolioTask: Create 3 different graphs that model the three kinds of systems of equations solutions. Do not put them all on the same graph. 1. Graph of a system with one solution2. Graph of a system with no solution3. Graph of a system with infinite solutionsRubric: Each of the 3 graphs must contain The two lines of the system The two equations that correspond to the two lines A label that marks the solution if there is one An x and y axis scale that is accurate for the equations on the graph Submission: You may create the 3 graphs in any format you are comfortable with and can easily submit to me as long as the above requirements are met. Some format options include... Desmos, screenshot your 3 graphs and equations to submit Desmos, export your 3 graphs and then add information on the equations to go with the graphs. 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What was Friedrich Miescher's discovery? the day the world almost came to an end and mom luby and the social worker comparative essay Cultural capital is a concept that _______________ is mostly identified with in sociology. group of answer choices karl marx max weber mile durkheim w. e. b. dubois pierre bourdieu Critically Examine the relevant applications and practical implications of the various services characteristics to a service organization of your choice. You must specify the strategies this service organisation has adopted in addressing the unique challenges their Service(s) comes with. 50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins Kimlee, a food manufacturer based in China, recognizes the immense demand for noodles in the Australian market. Kimlee forms a new business venture to manufacture instant noodles and decides to share possession and control of the new business with a local food processing company. In this case, Kimlee has entered a foreign market through ________. Many people are proponents of using nuclear power instead of burning coal to generate electricity what is an environmental disadvantage of using nuclear power HELP!!! 10 POINTS OFFERED!! An oil tank will hold 250 gallons . The tank is 80% full how many gallons of oil are in the tank how do minerals help plants grow Can someone pls help me I really need help in here.. PLSAnd if u can explain how you make it I will appreciate it,. Thank u:((( Which ordered pair is the solution to this system of equations. X + y = 6. X=y + 2 Kristen can lift 133% of what Jane can lift. How many times more is that? which of the statements explains how an oxygen-rich atmosphere became possible on earth? photosynthetic organisms have existed on earth longer than heterotrophs. rates of carbon fixation and respiration are equal. rates of oxygen consumption are lower than rates of photosynthesis. the number of plants is greater than the number of animals.