Which buying method can save money but means you must have trust in the reliability of your supplier?
a. Economic order quantity
b. Fixed order
c. Last in first out
d. Just in time
The just in time buying method can save money, but means a person must have trust in the reliability of your supplier. Thus, option D is correct.
What is the buying method?Buying can be divided into four categories based on the quantity of goods purchased. They are classified as conservative buying, speculative buying, tender buying, and contract buying.
The stages of the buying process are important because they assist salespeople in understanding and navigating a customer's purchasing journey.
Understanding each stage of the buyer's journey can help a salesperson guide a customer to the item they're looking for, increasing the likelihood that they'll buy.
Therefore, option D is correct, that the just in time buying method can save money, but it requires trust in the reliability of your supplier.
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Parties more interested in managerial accounting data than in financial accounting data include
What nontraditional agricultural product has become an important part of african export economies?
Roselawn company reported net sales of $90,000 and net income of $18,000 for the year ended december 31, 2015. the company reported net sales of $100,000 and net income of $20,000 for the year ended december 31, 2016. total assets amounted to $200,000 at december 31, 2015 and $246,000 at december 31, 2016. the company's profit margin for the year ended december 31, 2016 (rounded to the nearest decimal point) is:
The profit margin for the year ended December 31, 2016, is 20%.
To calculate the profit margin for the year ended December 31, 2016, we divide the net income by the net sales and multiply by 100 to express it as a percentage. The formula is as under:
Profit Margin = (Net Income / Net Sales) × 100
Given:
Net Sales for 2016 = $100,000
Net Income for 2016 = $20,000
Profit Margin = (20,000 / 100,000) × 100
Profit Margin = 0.2 × 100
Profit Margin = 20%
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A total ____________ is where orders are processed, credit is verified, transactions are completed, debits are issued, shipping is alerted, and inventory is reduced, all electronically.
How might the invention of a new, powerful fuel source for cars and trucks affect the country`s production possibilities frontier? How might the new fuel affect GDP?
Answer:
Explanation:
less opportunity to buy inexpensive land
less opportunity for people to start new lives
no more opportunity for the nation to expand
fewer wilderness areas
Why is it not possible to state the absolute location of a river?
Stating the absolute location of a river is difficult because a river is not a fixed point but a flowing body that extends over a large area, with varying coordinates. Instead, we often refer to a river's relative location, which describes its location in relation to other places.
The absolute location of a place is its exact position on Earth, commonly given in terms of latitude and longitude. However, stating the absolute location of a river can be difficult because a river is not a fixed point; it's a flowing body of water that extends over a large area.
Rivers have a source, a mouth, and a course in between, all of which could have different coordinates. Therefore, we can't definitively pinpoint a single absolute location for the entirety of a river.
Instead, we typically refer to the general location of a river within the context of its surrounding geography. We might describe its location in relation to cities, states, countries, or other geographical features.
This refers to the concept of relative location, which describes a place's location in relation to other places.
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The _____ requires you to maintain financial responsibility for your actions when you drive.
The answer is "The Texas Safety
Responsibility Act".
According to the Texas Motor Vehicle Safety Responsibility Act anyone who
is driving a motor vehicle cannot operate the vehicle unless for that vehicle
the financial responsibility is established and it is considered illegal in the
state to drive without being financially responsible.
The managers who appear at the base of the management pyramid are a. line managers. b. middle managers. c. supervisors. d. executives.
age, personality, buying style, and job position are __________ factors that can influence the business buying decision process.
The answer is
"Individual".
Each of these mentioned factors with few variations will
influence the business buying decision process. One or more changes in these
might lead to a different result. These factors can also operate in different
ways varying from person to another person.
In order for your colleagues to act immediately on your business message, the message needs to be
A customer finds a bone in a boneless chicken sandwich which type of hazard is this
Finding a bone in a boneless chicken sandwich indicates a physical hazard, likely stemming from poor cleaning protocols and pathogen transmission in the food.
Food contamination is the type of hazard present when a customer finds a bone in a boneless chicken sandwich. The presence of bones in boneless chicken indicates a physical hazard in the food.
In the given context, the issue may stem from poor cleaning protocols, as seen in the contaminated turducken case with Salmonella.
Inspectors found that the machine used to process the chicken was contaminated, indicating a risk of pathogen transmission in the food.
In general, in order for a price increase to cause an increase in total revenue, demand must be
Final answer:
A price increase will raise total revenue when demand is inelastic, as a higher price results in a proportionally smaller decrease in quantity sold. If demand is unitary elastic, changes in price will not affect total revenue. For elastic demand, a price increase could decrease total revenue.
Explanation:
In general, for a price increase to cause an increase in total revenue, the demand for the product must be inelastic. This means that the percentage increase in price results in a smaller percentage decrease in the quantity sold, thereby raising total revenue. If the demand is elastic, a price increase would result in a larger percentage decrease in quantity, which could lower total revenue.
Applying this concept, if a band considers raising ticket prices, it should do so only if the demand for its tickets is inelastic at the original quantity level. If demand is unitary elastic, the band should understand that a moderate percentage change in price will lead to an equivalent percentage change in quantity sold, making revenue remain constant. Therefore, no price change would be necessary if the goal is to maintain total revenue.
Julia is preparing the balance sheet for her company. building and land are the only two assets classified as property, plant, and equipment, and each cost $60,000 dollars at purchase. the building has accumulated depreciation of $12,000. how should julia list this information on the balance sheet
He project you are managing has a wbs. a new team member asks you the purpose of the wbs. what is the primary purpose?
Small-business owner marcos set up his adwords campaign by thinking of “obvious” keywords off of the top of his head. what's one way he might improve them?
What does screen time refer to? A. The amount of time children spend with electronics B. An activity for teaching time-telling C. The intervention used for autism D. The use of screening instruments
The north american free trade agreement continues to spark debate today, particularly concerning?
The North American free trade agreement continues to spark debate today because of their concerns with the agreements and alliances of three countries namely United States, Mexico and Canada. There have been agreements and beliefs in which had cause concerns and had cause a continuous debate within the three countries.
Select the type of assessment that best fits the sentence.
Jeff wants to open a basic savings account. He should go to _(a financial services company, a commercial bank, an insurance company, a trust company)_ or _(a savings and loan association, an investment bank, a credit union, an asset management company)_ to open the account
Answer: the first blank is: a commercial bank
The second blank is: credit union
Explanation: I got it right on the test for Plato
Robert uses fedex in a scheme to defraud standard sales company by obtaining merchandise to which he is not entitled. found guilty of mail fraud, robert can be punished by
Robert’s fraud will cost him to be punished of imprisonment that will last for thirty years if proven guilty in which it has found out that he was and he will be fined up to one million because of the damages and charges that he committed.
Osha knowledge assessment answers keys to preventing a fall from a ladder include choosing the right ladder for the job and tying the top and bottom of the ladder to fixed points. what else can you do to keep safe when using a ladder
To stay safe using a ladder, ensure stability, maintain three points of contact, avoid overreaching, inspect for damages, wear appropriate footwear, and avoid working in adverse weather conditions.
Explanation:When using a ladder, there are several other measures you can take to stay safe:
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You are on your way to meet with your manager about changing your work schedule, when you see a spill on the floor. what would you most likely do?
Suppose you want to have $800,000 for retirement in 20 years. your account earns 5% interest compounded monthly.
a.how much would you need to deposit in the account each month? $
b.how much interest will you earn?
a. If you want to have $800,000 in your retirement account in 20 years' time, you need to deposit $1,946.31 each month.
b. You will earn a total interest of $332,884.98 at the end of 20 years.
Data and Calculations:
N (# of periods) = 240 (20 x 12)
I/Y (Interest per year) = 5%
PV (Present Value) = $0
FV (Future Value) = $800,000
Results
Monthly Deposit = $1,946.31
Sum of all periodic payments = $467,115.02
Total Interest = $332,884.98
Thus, you need to deposit $1,946.31 every month in the account.to have $800,000 in the retirement account in 20 years' time.
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The blooms of anthurium flowers tend to look like
Match each event with the correct description of the company’s use of social media.
Tiles:
This company used social media to give
consumers a peek into its operations.
This company used social media to create
consumer awareness about a new product.
This company used social media to increase
brand loyalty.
This company used social media to allow
consumers to be part of product development.
Pairs:
A company that makes cleaning products gives bloggers
a new cleaning kit before the product is on the market.
A company hosts a sweepstakes on a social media site
and gives the winners a lifetime supply of detergent.
An appliance company releases videos of its new,
high-tech manufacturing facility.
A fast food chain asks consumers to determine the next
drink flavor using the hashtag #NEWDRINK.
The answers are as follows:
1. A company that makes cleaning
products gives bloggers a new cleaning kit before the product is on the market:
This company used social media to create consumer awareness about a new
product.
2. A company hosts a sweepstakes on a social media site and gives the winners a
lifetime supply of detergent: This Company used social media to increase brand
loyalty.
3. An appliance company releases videos of its new, high-tech manufacturing
facility: This Company used social media to give
consumers a peek into its operations
4. A fast food chain asks consumers to determine the next drink flavor using the hashtag #NEWDRINK: This Company used social media to allow consumers to be part of product development
Below is a list of each social media example with the matching marketing strategy:
This company used social media to give consumers a peek into its operations.
- An appliance company releases videos of its new, high-tech manufacturing facility.
This company used social media to create consumer awareness about a new product.
- A company that makes cleaning products gives bloggers a new cleaning kit before the product is on the market.
This company used social media to increase brand loyalty.
- A company hosts a sweepstakes on a social media site
and gives the winners a lifetime supply of detergent.
This company used social media to allow consumers to be part of product development.
- A fast food chain asks consumers to determine the next
drink flavor using the hashtag #NEWDRINK.
A service that is rarely provided, unusual, variable, or new may require this type of report to assist in the determination of the medical appropriateness of a service and indicates the nature, extent, need, time, effort, and equipment necessary.
You auscultate the abdomen of a five year old gelding. what are you evaluating
Thirty five percent of all ceo's are eventually fired because of their inability to:
Q 1.1: managerial accounting reports could not be described as
Managerial accounting reports are flexible, relevant, and timely, aiding internal decision-making and are not standardized since they are tailored for internal use and not bound by GAAP like financial accounting reports.
Explanation:Managerial accounting reports are designed to provide information to internal users, such as managers and employees, to aid in decision-making processes within the organization. These reports are typically flexible, relevant, and timely, aimed at helping managers make strategic and operational decisions. Unlike financial accounting reports, which adhere to GAAP (Generally Accepted Accounting Principles) and are intended for external stakeholders, managerial accounting reports are not subject to the same regulatory standards and are often tailored to meet the specific needs of the company's management.
One description that would not apply to managerial accounting reports is that they are standardized. Since managerial accounting focuses on internal decision-making, the format and content of the reports can vary greatly from one company to another based on management's informational needs. Therefore, there is no one-size-fits-all approach to these types of reports, and they lack the level of standardization seen in financial accounting reports.
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Joey has worked in a bicycle factory for several months. the assembly process requires multiple tasks, and over the months joe’s supervisor has assigned him to several different jobs throughout the production line. his most recent assignment is applying the custom paint and adding the decals. adding the decals requires perfection, and joe does it quickly and always performs the task well, so his supervisor will keep him in this position. this is an example of
Final answer:
Joey's expertise in applying custom paint and decals with perfection and speed at the bicycle factory exemplifies job specialization, resulting in higher efficiency and quality in production.
Explanation:
Joey's recent assignment at the bicycle factory, where he applies custom paint and decals with perfection and speed, is an example of job specialization. The concept of job specialization is a staple in the modern industrial production system, wherein workers become exceptionally skilled at a specific task. As they focus on one aspect of production, they often have the ability to produce faster and with higher quality. Specialized workers, just like Joey, can improve the efficiency of a production line significantly, which is why his supervisor chooses to keep him in that position.
By repeating the same task, Joey has likely developed a proficiency that allows him not only to apply the paint and decals flawlessly and but also to do so with impressive speed. The efficiency gained from specialization is also reflected in the history of industrialization, with examples such as the moving assembly line where each worker performs a specific operation. This increased efficiency leads to standardized production but can often result in lower individual wages since the skills become more focused and less varied.