Classify the following inventory items as either A, B, or C items using the ABC inventory control system:
Item #Annual SalesUnit Cost1130 units$ 4.002400 units15.30325 units17.0041,320 units1.25590 units2.10a. item 1 (B), item 2 (C), item 3 (B), item 4 (C), item 5 (A)b. item 1 (C), item 2 (B), item 3 (C), item 4 (A), item 5 (C)c. item 1 (A), item 2 (B), item 3 (C), item 4 (A), item 5 (B)d. item 1 (C), item 2 (A), item 3 (C), item 4 (B), item 5 (C)e. item 1 (B), item 2 (A), item 3 (A), item 4 (C), item 5 (C)
Answers
inventory items as either A, B, or C items using the ABC inventory control system: the correct classification is: item 1 (C), item 2 (A), item 3 (C), item 4 (B), item 5 (C). The correct answer is option D.
To classify the inventory items using the ABC inventory control system, we need to first calculate the annual dollar usage for each item by multiplying annual sales by unit cost. Then, we rank the items based on their annual dollar usage.
Step 1: Calculate the annual dollar usage for each item.Item 1: 130 units * $4.00 = $520
Item 2: 400 units * $15.30 = $6,120
Item 3: 25 units * $17.00 = $425
Item 4: 1,320 units * $1.25 = $1,650
Item 5: 90 units * $2.10 = $189
Item 2: $6,120 (highest)
Item 4: $1,650
Item 1: $520
Item 3: $425
Item 5: $189 (lowest)
Item 2: A (highest annual dollar usage)
Item 4: B (medium annual dollar usage)
Item 1: C (lowest annual dollar usage)
Item 3: C (lowest annual dollar usage)
Item 5: C (lowest annual dollar usage)
To know more about ABC, refer here:
https://brainly.com/question/29345481#
#SPJ11
Complete question:
Classify the following inventory items as either A, B, or C items using the ABC inventory control system:
Item # Annual Sales Unit Cost
1 130 units $ 4.00
2 400 units 15.30
3 25 units 17.00
4 1,320 units 1.25
5 90 units 2.10
a. item 1 (B), item 2 (C), item 3 (B), item 4 (C), item 5 (A)
b. item 1 (C), item 2 (B), item 3 (C), item 4 (A), item 5 (C)
c. item 1 (A), item 2 (B), item 3 (C), item 4 (A), item 5 (B)
d. item 1 (C), item 2 (A), item 3 (C), item 4 (B), item 5 (C)
e. item 1 (B), item 2 (A), item 3 (A), item 4 (C), item 5 (C)
Related Questions
kenny is considering creating a testamentary trust. which of the following is not a feature of a testamentary trust? a.creation under a last will and testament b.shifts an income tax burden to a lower-bracket taxpayer c.results in the inclusion of assets in the gross estate d.does not avoid probate
Answers
A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.
A Testamentary Trust: What Is It?
A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.
A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.
Learn more about Testamentary Trust here:
https://brainly.com/question/28400559
#SPJ4
one of the consequences of the u.s. trade deficit is that - a the distribution of income in the united states has become less unequal. b the system of flexible exchange rates has been abandoned in favor of a new gold standard. c domestic inflation has resulted. d the accumulation of american dollars in foreign hands has enabled foreign firms to build factories in america.
Answers
One of the consequences of the U.S. trade deficit is that a domestic inflation has resulted. Option C is correct.
The US trade deficit occurs when the value of goods and services that the US imports exceeds the value of goods and services that it exports. One consequence of a trade deficit is that it can lead to an accumulation of American dollars in foreign hands, which can then be used by foreign firms to invest in the US.
This can result in the building of factories in the US by foreign companies. Another consequence is that a trade deficit can put downward pressure on the value of the US dollar, which can lead to inflation in the domestic economy.
Hence, C. is the correct option.
To know more about U.S. trade deficit here
https://brainly.com/question/25888572
#SPJ4
When an organization uses a name, phrase, design, symbols, or a combination of these to identify products and distinguish them from its competitors, it is engaged in Blank______.
Answers
A branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
What is a branding?This involves creation of a strong and positive perception of a company with elements as logo, design, mission statement etc.
Hence, the branding is used when an organization uses a name,design or symbols, to identify products and distinguish them.
Read more about branding
brainly.com/question/25754149
#SPJ1
If a street address and a building name are included in an address, disregard a. none of these choices. b. both the street address and building name. c. the building name when determining filing order. d. the street address when determining filing order.
Answers
The thing which should be disregarded when trying to locate an address is:
d. the building name when determining filing order.What is an Address?This refers to a location where a person lives or where a place is found or situated and can easily be found.
With this in mind, we can see that when a person is trying to locate an address, it is important that he disregards the building name when determining filing order.
Read more about addresses here:
https://brainly.com/question/25478986
Are there advantages to having a system that has strong government oversight and control? Explain!
Answers
Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Answers
Answer:
A. Passionate
Explanation:
Hope this helps
Answer: independence
Explanation:
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
suppose that an economy's labor productivity and total worker-hours each grew by 4 percent between year 1 and year 2. we could conclude that this economy's: group of answer choices real gdp also increased by 4 percent. capital stock increased by 4 percent. production possibilities curve shifted outward. real gdp remained constant.
Answers
Based on the information given, we can conclude that the real GDP of this economy also increased by 4%.
Option a is correct .
Labor productivity is the amount of output produced per working hour. A 4% increase in labor productivity means that the economy is producing more per hour worked. In addition, total hours worked increased by 4%, representing an increase in total labor input.
When both labor productivity and total hours worked increase, so does the economy's gross product, measured by real GDP (Gross Domestic Product). This information is not a direct indication of changes in share capital. Additional information is required to determine whether the share capital has increased.
Hence, Option a is correct .
To know more about labor productivity visit :
https://brainly.com/question/15410954
#SPJ4
The correct question is :
suppose that an economy's labor productivity and total worker-hours each grew by 4 percent between year 1 and year 2. we could conclude that this economy's: group of answer choices
A. real GDP also increased by 4 percent.
B. capital stock increased by 4 percent.
C. production possibilities curve shifted outward.
D. real GDP remained constant.
Read the excerpts and answer the question that follows. Once in a Lifetime by Jhumpa Lahiri (excerpt) My feelings were complicated by the fact that, until rather recently, to my great shame, I’d regularly slept with my parents on the cot in their room, and not in the room where I kept my clothes and things. My mother considered the idea of a child sleeping alone a cruel American practice, and therefore did not encourage it, even when we had the space. She told me that she had slept in the same bed as her parents until the day she was married and that this was perfectly normal. But I knew that it was not normal, not what my friends at school did, and that they would ridicule me if they knew. Freeway 280 by Lorna Dee Cervantes (excerpt) I scramble over the wire fence that would have kept me out. Once, I wanted out, wanted the rigid lanes to take me to a place without sun, without the smell of tomatoes burning on swing shift in the greasy summer air. Maybe it's here en los campos e
Answers
The description that details the difference in both excerpts is that Hema's identity was influenced by her parents whereas the speaker of Freeway 280 is searching for her identity.
The narrator stated that her mother considered the idea of a child sleeping alone a cruel American practice, and therefore did not encourage it.
The above showed that the narrator was influenced by her mother. On the other hand, the speaker of Freeway 280 is searching for her identity.
Learn more about excerpts on:
https://brainly.com/question/21400963
Answer: C. Hema's identity is influenced by her parents, whereas the speaker of "Freeway 280" is searching for her identity.
Explanation: Just took the test and got 100%:)
the introduction of money into an economy eliminates the double coincidence of wants. true false
Answers
True. The introduction of money into an economy eliminates the double coincidence of wants.
Before the advent of money, a barter system was used, where goods or services were exchanged directly for other goods or services. In such a system, for a trade to occur, there had to be a mutual desire between two parties, known as the double coincidence of wants. Both parties had to have something the other desired and were willing to exchange.
However, with the introduction of money, a universally accepted medium of exchange, individuals can trade goods or services for money and then use that money to acquire other goods or services from anyone in the economy. Money acts as an intermediary, facilitating transactions and eliminating the need for a direct match of desires between trading partners. This makes transactions more efficient and allows for greater flexibility in economic interactions, ultimately enhancing economic activity.
To know more about economy please visit:
https://brainly.com/question/18461883
#SPJ11
Over a particular period, an asset had an average return of 11.1 percent and a standard deviation of 19.9 percent. What range of returns would you expect to see 68 percent of the time for this asset?
Answers
To determine the range of returns you would expect to see 68 percent of the time for this asset, we can use the concept of the normal distribution and the empirical rule. The empirical rule states that for a normal distribution, approximately 68 percent of the data falls within one standard deviation of the mean.
In this case, the mean return for the asset is 11.1 percent and the standard deviation is 19.9 percent. So, we can calculate the range of returns that would fall within one standard deviation of the mean as follows:
Lower bound = Mean - Standard deviation
= 11.1 - 19.9
= -8.8
Upper bound = Mean + Standard deviation
= 11.1 + 19.9
= 31
Therefore, we can expect to see returns for this asset within the range of -8.8 percent to 31 percent approximately 68 percent of the time.
Know more about Range of returns here:
https://brainly.com/question/15823311
#SPJ11
If a door to door salesman refuses to leave your front doorstep unless you buy a vacuum, this is a contract that can be invalidated because it was created under accusation. True or false
Answers
Answer: False
Explanation:
The above statement is false because it was not created under accusation. According to the question, the buyer wasn't accused of anything.
Rather, the contract can be invalidated because the contact was created under duress. The buyer was forced to buy it and was under duress as the seller refused to leave his house. Therefore, the contact can be invalidated.
True/False? a research tool used by media planners to understand what programs and ads consumers watched
Answers
A research tool used by media planners to understand what programs and ads consumers watched True.
What is consumers ?Consumers are people who purchase goods and services to satisfy their needs and wants. They are an important part of the economy, as they are the ones who drive demand and make businesses profitable. Consumers can be individuals or groups, such as households, businesses, or government entities. They play a vital role in the economy, as they are the ones who create demand and drive the production of goods and services. Consumers also influence pricing and product quality, as they are the ultimate judge of value. They are also the ones who make decisions on how to spend their money and resources, and ultimately decide the success of businesses.
To learn more about consumers
https://brainly.com/question/3227054
#SPJ1
Fantastique Bikes is a company that manufactures bikes in a monopolistically competitive market. The following graph shows Fantastique’s demand curve, marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC). Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company’s profit or loss.Given the profit-maximizing choice of output and price, the shop is earning ( ..........) profit, which means there are ( ..........) shops in the industry than in long-run equilibrium.
Now consider the long run in which bike manufacturers are free to enter and exit the market.
Show the possible effect of free entry and exit by shifting the demand curve for a typical individual producer of bikes on the following graph.Which of the following statements are true about both monopolistic competition and monopoly? Check all that apply.
1. Firms are not price takers.
2. Price equals average total cost in the long run.
3. Firms can earn positive profit in the long run.
4. Firms earn zero profit in the long run.
Answers
Firms earn zero profit, in the long run, is true about both monopolistic competition and monopoly. Thus, option D is correct.
What are manufacturers?
A manufacturer is really a person or business that turns building resources into completed products and uses a range of instruments, machinery, and procedures, but then just sells those products to customers, wholesalers, distributors, stores, or other factories that can use them to make more complicated products.
The following figure shows the potential impact of free entrances by moving the market equilibrium for a great fit bike manufacturer. In the long term, both monopoly and dominance result in firms earning normal profits. Therefore, option D is the correct option.
Learn more about manufacturers, here:
https://brainly.com/question/14275016
#SPJ1
Which of the following strategies is used in the following ad:
A. famous association
B. join the bandwagon
C. promotional deal
D. repetition
Answers
Answer:
a
Explanation:
Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who _____. a. has good communication skills b. has a positive attitude c. does their share of the work d. All of the above
Answers
Answer:
D: All of the above
Explanation: Because she can tell each person what specific thing she wants them to do.
Have a nice day!!
Lana has worked on many teams before, but she always felt like she ended up doing a lot of the work. If Lana could form her own team, she should look for someone who has good communication skills, has a positive attitude and does their share of the work. Hence, option D is correct.
What is communication skills?Communication is the capacity to effectively transmit or exchange ideas and thoughts. Many experts agree that good communication skills require delivering messages without misleading or deceiving others. Communicating clearly with a range of people from different backgrounds.
Communication skills are the abilities you employ when providing and receiving various forms of information. Examples include sharing original ideas, feelings, or even a project update. The four Cs of communication are compassion, compassion, compassion, and compassion.
Thus, option D is correct.
For more details about communication skills, click here:
https://brainly.com/question/9648460
#SPJ2
HELP FAST WILL GIVE BRAINLEIST
What is a difference between a flexible spending account (FSA) and a health savings account (HSA)?
Employees must be enrolled in high deductible health plans to open FSA accounts.
Employees can only use HSA funds for medical expenses.
FSA funds must be used within the plan year or they will expire.
HSA accounts are typically funded by employers.
Answers
Answer:
The fundamental difference between a flexible spending account (FSA) and a health savings account (HSA) is that an HSA is controlled by an individual and allows commitments to roll over, whereas FSAs are less adaptable and must be claimed by a company.
Explanation:
This means that if you leave your work, the funds in your FSA may be forfeited, whereas the assets in your HSA are entirely yours (and rollover into another HSA account). FSAs and HSAs both allow people to save money away for medical expenses on a tax-advantaged basis by paying for eligible medical expenses with pretax money.
An HSA is owned by an individual and permits commitments to roll over, whereas an FSA is less adaptable and must be claimed by a firm. This is the key distinction between the two types of accounts.
What is account?A financial account, specifically one that deals with financial assets, is a part of a nation's balance of payments that covers claims on or liabilities to nonresidents in macroeconomics.
Direct investment, portfolio investment, and sector-specific reserve assets are among the elements of a financial account.
Claims made by nonresidents on the financial assets of residents are classified as liabilities in a country's balance of payments, whereas claims made by residents against nonresidents are classified as assets.
The capital account documents transfers of capital assets, but the financial account does not. The amount of production, the rate of savings, or the total revenue of a nation are unaffected by transactions in the capital account.
Learn more account, here
https://brainly.com/question/22917325
#SPJ2
what is unearned income
Answers
Unearned income refers to income that is received without the recipient having to perform any labor or service to earn it.
This type of income is typically derived from investments, rental income, or other passive income sources, and it contrasts with earned income, which is income that is earned through work or services provided.
Examples of unearned income include interest income earned from savings accounts or bonds, dividends earned from stock investments, rental income earned from real estate properties, and royalties earned from creative works such as music or books.
In contrast to earned income, unearned income is not directly tied to the amount of labor or service provided by the recipient. Instead, it is based on the performance of the underlying investment or asset. This can make unearned income a more passive form of income, as it requires less effort to maintain than earned income.
Unearned income is subject to taxation, just like earned income, and it's essential to understand how it's taxed and reported on your tax returns to ensure compliance with applicable tax laws.
To learn more about income click on,
https://brainly.com/question/4656077
#SPJ4
As a factor of production, what is capital?
A. an industrial good
B. the natural resources used to create a product
C. the entrepreneur who sees how to make something useful
D. the tangible products made by labor
Answers
Answer:
Option "D" is the correct answer.
Explanation:
Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.
Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answers
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
Which type of attention getting strategy runs the risk of being offensive or distracting from your credibility?
a - Ask a question
b - Telling a joke
c - Share a famous quote
d - Share a narrative
Answers
Why proprietor is crucial in the private organization?
Answers
Answer:
A possible main reason for all of these business is to be able to earn profit and increase their market's shares. However, the unlimited liability is more important, the owner's business assets and his or her personal assets will basically be owned by the creditors when the business faces financial losses.
Cost Approach to Value
There are five basic steps to the cost approach:
1. Estimate the value of the site as if vacant.
2. Estimate the reproduction cost or replacement cost (new) of all the improvements (excluding any included as part of the site value).
3. Estimate accrued depreciation from all causes (physical deterioration, functional obsolescence, and external obsolescence).
Answers
The cost approach to value is one of the three main approaches used in real estate appraisal.
It is based on the principle of substitution, which states that a rational buyer will not pay more for a property than the cost of acquiring an equally desirable substitute property. The approach involves five basic steps, starting with estimating the value of the site as if vacant, followed by estimating the reproduction or replacement cost of all the improvements, and then estimating the accrued depreciation from all causes.
The final step involves subtracting the total accrued depreciation from the replacement cost to arrive at the property's value. The cost approach is particularly useful when valuing new or recently constructed properties that do not have a significant sales history.
To learn more about cost approach, visit here
https://brainly.com/question/28871916
#SPJ4
a. In 2015 , Bilal had a monthly salary of $4,166.5. Assume 2015 is the base year. In 2018 , the CPI went up to 106.3. His monthly salary in 2018 was $4,800. Did the purchasing power of Bilal go up? Please show calculations and explain your answers (2) b. In 2008 , there was a major housing mortgage crisis in the U.S. economy which eventually led to recession. At that time, there was a GDP Gap or loss of 10.75%. The natural rate of unemployment in 2008 was 5.1%. What was the unemployment rate in 2008 in the U.S.? c. Germany's current inflation rate of 1.8% and France"s current inflation rate is 1.3%. Using the rule of 70 , which country will first experience doubling of prices of goods and services? \$how calculations
Answers
In this case, the base year is 2015, so we'll use the salary in 2015 ($4,166.5) and the CPI in 2018 (106.3) to calculate the adjusted salary in 2018.The formula is:Adjusted Salary in 2018 = $4,166.5 * 106.3 / 100 = $4,423.05
Comparing the adjusted salary in 2018 ($4,423.05) with Bilal's actual salary in 2018 ($4,800), we can see that his salary increased more than the adjustment for inflation. Therefore, the purchasing power of Bilal increased between 2015 and 2018.
b. The GDP Gap represents the difference between the actual Gross Domestic Product (GDP) and the potential GDP. In 2008, there was a GDP Gap or loss of 10.75%, which means the actual GDP was 10.75% lower than the potential GDP. The natural rate of unemployment, also known as the Non-Accelerating Inflation Rate of Unemployment (NAIRU), represents the unemployment rate at which inflation remains stable. In 2008, the natural rate of unemployment was 5.1%.
To calculate the unemployment rate in 2008, we need to add the GDP Gap to the natural rate of unemployment:
Unemployment Rate = Natural Rate of Unemployment + GDP Gap
Unemployment Rate = 5.1% + 10.75%
Unemployment Rate = 15.85%
Therefore, the unemployment rate in the U.S. in 2008 was approximately 15.85%.
c. To determine which country will first experience a doubling of prices of goods and services using the rule of 70, we divide the number 70 by the inflation rate to calculate the approximate number of years it will take for prices to double.
For Germany, with an inflation rate of 1.8%:
Approximate number of years = 70 / 1.8 = 38.89 years
For France, with an inflation rate of 1.3%:
Approximate number of years = 70 / 1.3 = 53.85 years
Comparing the two, Germany will experience a doubling of prices of goods and services sooner than France, as it will take approximately 38.89 years for prices to double in Germany, while it will take approximately 53.85 years for prices to double in France.
learn more about rate here:
brainly.com/question/30354032
#SPJ11
Braden's employers covers 70% of the cost of a $1500-per-year health insurance plan, and braden's share of the cost of the plan is his only optional deduction. How much deducted from Braden's paycheck each month for health insurance?
Answers
Answer:
1050
Explanation:
i think it's correct so 1500x70:100
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
To know more about loan here-
https://brainly.com/question/11794123
#SPJ4
for which person would renting a home be a better option than getting a mortgage?
Answers
Answer:
Someone who wants ro avoid spending time and money on maintenace
Explanation:
what preparatory step may be necessary when devising a strategy or plan of action to exercise?
Answers
Wellness is helping, training, and encouraging others to achieve well-being in all areas of life: social, physical, emotional, occupational, intellectual, environmental, and spiritual.
Through awareness, education, and inspiration, people are encouraged to live healthy lifestyles. The National Wellness Institute endorses the Dimensions of Wellness program.
Students can lead wellness programs for individuals and groups. Students learn administrative and business skills to administer health promotion and wellness interventions in this program.
Fitness programs can improve health. Physical activity can reduce chronic illness risk, enhance balance and coordination, help you lose weight, and improve sleep and self-esteem.
To know why fitness is important:
https://brainly.com/question/18267504
#SPJ4
The right way of asking the question is:
What preparatory step may be necessary when devising a strategy or plan of action?
A) Purchasing walking shoes for a fitness class
B) Selecting a behavior to change
C) Rewarding yourself with a movie
D) Determining which events trigger the behavior
self disclosure is most likely to occur
Answers
Answer:
question?
Explanation: