Which company appears to be managing its inventory more efficiently?
Lewis Incorporated
Clark Enterprises
Answers
Among Lewis Incorporated and Clark Enterprises, Lewis Incorporated appears to be managing its inventory more efficiently.
Inventory management refers to the process of managing the business's inventory and its resources that go into it. Inventory management refers to the oversight of non-capitalized assets (inventory) and stock items. The following are some of the benefits of inventory management:Reduces the occurrence of overstocks and stock shortages.Increases production efficiency by ensuring that the right amount of stock is available when required. Reduces the costs of storing inventory and potential inventory waste.Satisfies consumer demands more effectively, leading to increased sales and customer loyalty.Lewis Incorporated appears to be managing its inventory more efficiently because the company must have fewer stock shortages and overstocks. It would help the company reduce the costs of storing inventory and potential inventory waste, leading to increased sales and customer satisfaction.
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Related Questions
A change in tastes or fashions can impact..
A. Group of answer choices
B. Both Supply and Demand
C. Supply
D. Demand
E. Neither Supply nor Demand
Answers
Answer:
Demand
Explanation:
It would change the need or desire to buy certain fashion articles
Answer:
b because,the demand for new clothes and other things,will be higher,and then since the demand is so high the supply will be really low
Beckenworth had cost of goods sold of $11,121 million, ending inventory of $3,789 million, and average inventory of $2,135 million. Its days' sales in Inventory equals: (Use 365 days a year.) Mariple Cholce 701 doys. 03. 543. 540. 124.4 days
Answers
The correct option is 124.4 days.The days' sales in inventory formula is: Days' Sales in Inventory (DSI) = (Average Inventory / Cost of Goods Sold) * 365 days/year
Given the values given in the question:Cost of Goods Sold = $11,121 millionEnding Inventory = $3,789 millionAverage Inventory = $2,135 millionThe formula for days' sales in inventory can be calculated as:
DSI = (Average Inventory / Cost of Goods Sold) * 365 days/yearDSI = ($2,135 million / $11,121 million) * 365 days/yearDSI = 0.192 * 365 days/yearDSI = 70 daysHence, the answer is 124.4 days.
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Which of the following dose not apply to field
Answers
Answer:
there are no options there ....
hope you may add the options
Josh began his career as the front desk clerk of a large hotel. He enjoys working in the Lodging pathway of the Hospitality and Tourism career cluster. He wants to stay along this career path so Josh decides to get some further education. What types of classes would help Josh advance along his career pathway? After finishing his education, what positions might be available to Josh along his career path?
Answers
Answer: Classes that might help Josh advance along his career path would to be a sub/standby when important hospitalization acts are taken place. After Josh finishes his education a position that might be available to him along his career path would be a nurse or someone who is authorized to help people.
Answer: Classes that would be good for Josh would be a sub/standby education When Josh finishes his education a job that might be available to him with his career path would be a nurse or someone who is trained to help other people.
Explanation: I just hope this helps :)
Copyright law contains an exception known as ______, which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission. Select the your answer, then click Done.
Answers
Copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
What is copyright law?It should be noted that copyright law simply means a law that grants the holder the control over the production and distribution of a material.
In this case, copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
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employment discrimination arises if workers with the same skill levels, as measured by _______________, receive different pay or have different job opportunities because of their race or gender.
Answers
When Cwith the same skill levels—as determined by objective factors like education, experience, or job performance—are paid differently or have access to different job possibilities due to their race or gender, this is employment discrimination.
These objective standards act as markers of a person's abilities and credentials for employment. Discrimination, however, happens when variables unrelated to these requirements, including race or gender, have an impact on judgements about compensation and employment chances. It goes against the idea of equal treatment and justice in the workplace since people with comparable skill levels should receive the same pay and job chances regardless of their colour or gender.
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How much money is this legitimately worth???
Answers
Answer:
$300,000
Explanation:
Which one of the following executive bonus compensation plans is the "best match" for a company whose strategic goal is to defend against unfriendly takeovers?
Group of answer choices
A) Golden handcuffs
B) Restricted stock plan
C) Golden parachutes
D) Stock option plan
E) None of the above
Answers
The best match for a company whose strategic goal is to defend against unfriendly takeovers would be: C) Golden parachutes.
Golden parachutes are executive compensation plans designed to provide substantial financial benefits to executives in the event of a takeover or change in control of the company. They often include severance packages, bonuses, and other incentives to discourage hostile takeovers and ensure that executives are financially protected in such situations. These plans are intended to make it more difficult and costly for potential acquirers to gain control of the company, thus serving as a defense mechanism against unfriendly takeovers.
Golden handcuffs, restricted stock plans, and stock option plans are also executive compensation arrangements but are not specifically aimed at defending against takeovers. Golden handcuffs typically involve incentives to retain key executives within the company, while restricted stock plans and stock option plans are used to align executive interests with shareholders and provide incentives for long-term performance. However, they do not directly address the goal of defending against takeovers.
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Economies experience sacracity because:
Answers
Scarcity helps people make more informed choices about how to use the resources that are available. The concept of scarcity works in business in the following ways: Scarcity is essential to the study of economics. A fundamental aspect of scarcity is the mismatch between supply and demand.
Help
Select the correct answer.
A farmer uses one pound of fertilizer to grow crops on his land. He decides to increase the amount of fertilizer added to the soil to three pounds to obtain a greater yield. The size of the garden and the amounts of seeds, water, and sunlight remain the same. The farmer keeps increasing the amount of fertilizer (to four, five, and six pounds, etc.), and continues to gain higher yields. However, since the other factors of production remain constant, the increase in crop yield is lower than the increase in a single factor of production (fertilizer). What is the term for this phenomenon?
A.
economic order quantity (EOQ)
B.
law of diminishing returns
C.
economy of scale
D.
labor productivity
E.
production control
Answers
Answer:
E
Explanation:
it most likely is production control
HURRY I NEED HELP!!!
Does globalization (or global trade) provide an opportunity to the world (positive), or does it take advantage of local individuals and cultures (negative)? Explain in a CREW format.
Interviewer: I am here on a very crowded Wall Street with protesters chanting all around me…
Group of Protesters: People before profits! People before profits! People before profits!
Interviewer: Many of these folks are against the growth of global free trade. They believe free trade is to blame for increases in poverty, income inequality (lots of rich and lots of poor), and environmental damage in recent decades. They claim that the elimination of tariffs and other barriers to trade have simply allowed large, multinational corporations to move into and exploit (take advantage of) developing nations, while hurting many U.S. workers and families, too.
Protester 1 (wearing a “No More Sweatshops” T-shirt): The extreme expansion of capitalism and free trade has allowed large, multinational companies to exploit developing countries, and especially their poorest citizens who are often forced to work for less than $1.00 day. Many of the factories set up by these big companies are sweatshops– dirty, dangerous, and the pay is awful. We are here protesting for a ‘living wage’ for all foreign employees of U.S. corporations.
Union representative: I’m tired of these large, unfeeling corporations sending our good paying manufacturing jobs overseas to some factory where workers make $1.50 an hour, instead of letting Americans have those jobs…That’s what’s happening in the textile industry, the steel industry, and the auto industry, too. These are industries that built America and now our jobs are going to China or Mexico...
Interviewer: The other side of this global debate–you might call them free-trade advocates– argues that opening up markets and international borders to free trade has had all kinds of benefits for developing nations, as well as the United States and other industrialized nations. They cite data showing increased life expectancy, increased literacy (ability to read and write), more political freedom, and a reduction in the proportion of people living on less than $1.00 per day in the developing nations.
Manager: Evidence shows that the number of people living on $1.00 per day or less has decreased by 50% in the last 20 years, which was a period of rapid world economic growth, largely because of international trade. And the percentage of people who are malnourished (Starving) has dropped from 56% in the 1960s to only 10% today. Again, during a period of global economic growth, fueled by trade. Look, our corporation has a factory in Vietnam. Last year our factory there paid 2 times the local wage. That was a big step up for those workers, and it made sense for us, too, because it meant we could get the most productive local workers.
Shopper: Let’s also look at all of the different product choices we have. I can go into the grocery store and find different types of food from all over the world. We are limited in what we can produce and grow here in America, so having global trade gives us so many more options.
C- Claim (Globalization provides an opportunity to people throughout the world [or] Globalization takes advantage of local individuals and cultures around the world.)
R- Reason (It provides the opportunity because… [Or] It takes advantage of others because…)
E- Evidence (insert a quote from the reading to prove your positive or negative side)
W- Warrant (This quote shows how globalization is positive/negative because… We should/shouldn’t continue to trade with other countries of the world because...)
Answers
Answer:
In general, globalization has been shown to increase the standard of living in developing countries, but some analysts warn that globalization can have a negative effect on local or emerging economies and individual workers. Globalization is not new.
A monopolistic firm has a sales schedule such that it can sell 11 prefabricated garages per week at $1,000 each, but if it restricts its output to 10 per week it can sell these at $1,200 each. The marginal revenue of the 11th unit of sales per week is
Answers
The marginal revenue of the 11th unit of sales per week is $800.
A monopolistic firm is one that controls the supply of a good or service and can restrict output to raise prices. This is possible due to high barriers to entry, which prevent other firms from entering the market and providing competition.
The given sales schedule shows that if the firm sells 11 prefabricated garages per week, it can sell them at $1000 each. However, if the firm restricts its output to 10 garages per week, it can sell them at $1200 each.
Marginal revenue is the change in revenue from selling one additional unit of output. The marginal revenue of the 11th unit can be calculated by taking the difference between the total revenue of selling 11 units and the total revenue of selling 10 units.
The total revenue from selling 11 units is:
11 x $1000 = $11,000T
he total revenue from selling 10 units is:
10 x $1200 = $12,000
The change in revenue from selling the 11th unit is:
$11,000 - $12,000 = -$1,000
Since the change in revenue is negative, it means that selling the 11th unit reduces total revenue. Therefore, the marginal revenue of the 11th unit is equal to the change in total revenue, divided by the change in output.
Marginal revenue of the 11th unit:
ΔTR/ΔQ
= (-$1,000) / (11-10
=$800
Therefore, the marginal revenue of the 11th unit of sales per week is $800.
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A+property+sold+for+$220,000.+the+reproduction+cost+of+the+building+was+$215,000+and+its+estimated+deprecation+was+70%.+by+extraction,+what+is+the+value+of+the+land?
Answers
The value of the land is -$145,500 (negative value).
To find the value of the land, we can subtract the reproduction cost of the building from the total sale price. In this case, the reproduction cost is $215,000. Subtracting this from the sale price of $220,000 leaves us with $5,000.
Next, we need to account for the estimated depreciation of the building, which is 70%. To calculate the depreciation amount, we multiply the reproduction cost by the depreciation rate (70% or 0.70).
So, the depreciation amount is $215,000 * 0.70 = $150,500.
To find the value of the land, we subtract the depreciation amount from the remaining amount after subtracting the reproduction cost.
$5,000 - $150,500 = -$145,500.
Therefore, the value of the land is -$145,500 (negative value).
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destani has a small business that is doing well, and she is ready to expand. before she does, she would like to meet with other female business owners and get their feedback. how might destani seek out information from other women to do this?
Answers
Distance seek information from other women by joining a networking group.
What is Networking group?Network Groups are groups made up of participants who meet to exchange information through activities such as workshops, seminars, and field trips. "Joint Industry Project (JIP)": a project funded by a group of FORCE participants who have decided to collaborate. In the offline world, social networks are the social ties that connect us to other people. These ties include family, friends, acquaintances, classmates, coworkers, neighbors, and so on. You broaden your knowledge. And the more you learn about your field, industry, or business, the more opportunities you'll have later on. By connecting with like-minded individuals on a professional and personal level, you gain access to a shared knowledge base.
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why do you think schedule issues often cause the most conflicts on projects? how can you minimize or control changes to project schedules?
Answers
Schedule issues often cause the most conflicts on projects because time is a finite resource and delays in one aspect of the project can affect the entire timeline. Additionally, changes to the project schedule can impact resource allocation and budget, making it difficult to manage and prioritize tasks.
To minimize or control changes to project schedules, it is important to establish a clear and realistic timeline at the outset of the project. This includes identifying dependencies between tasks and setting reasonable deadlines. It is also important to regularly monitor and update the schedule to reflect changes in project scope or unexpected obstacles.
Effective communication with team members and stakeholders is crucial in managing project schedules. Keeping everyone informed of schedule changes, and discussing any potential impacts on the project can help to prevent misunderstandings and conflicts. Additionally, utilizing project management software or tools can help to automate scheduling and provide real-time updates to the entire team.
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Ivan has inherited his grandmother’s 1963 Chevrolet Corvette (trust me this is a hot car to own – if you watched Lucifer on TV you know it), which he values at $45,000. He decides that he might be willing to sell it so he posts it on Craigslist for $55,000. Samantha is interested and willing to pay up to $72,000. Would Ivan and Samantha want to voluntarily engage in trade? How much economic surplus is created for both of them as a result of this exchange? Show your calculations. What is the total economic surplus? Explain how you arrived at this number.
Answers
This total economic surplus is arrived at by subtracting the value that Ivan put on the car before the trade, $45,000, from the highest value that Samantha is willing to pay for the car, $72,000.
Ivan and Samantha would want to voluntarily engage in trade because there is a gap between what Ivan is willing to accept for the car ($55,000) and what Samantha is willing to pay for it ($72,000).
The economic surplus created for Ivan as a result of this exchange is $72,000 (the amount Samantha is willing to pay) minus $45,000 (the value Ivan placed on the car before the exchange) = $27,000.
The economic surplus created for Samantha is $72,000 (the amount she is willing to pay) minus $55,000 (the amount Ivan is asking for the car) = $17,000.
The total economic surplus created as a result of this exchange is the sum of the individual surpluses: $27,000 (for Ivan) + $17,000 (for Samantha) = $44,000.
This difference of $27,000 is the economic surplus for Ivan, and the difference between the amount Samantha is willing to pay, $72,000, and the amount Ivan is asking for, $55,000, is the economic surplus for Samantha. The total economic surplus is the sum of the two individual surpluses.
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in the current year, a taxpayer exchanged farmland for an office building. the farmland had a basis of $250,000, a fair market value (fmv) of $400,000 and was encumbered by a $120,000 mortgage. the office building had an fmv of $350,000 and was encumbered by a $70,000 mortgage. each party assumed the other's mortgage. what is the amount of the taxpayer's recognized gain?
Answers
In the current year, a taxpayer exchanged farmland for an office building. The farmland had a basis of $250,000, a fair market value (FMV) of $400,000 and was encumbered by a $120,000 mortgage. The amount of gain recognized is equal to $20,000 computed as the lesser of the realized gain of $150,000 and the amount of debt relief of $50,000.
The office building had an FMV of $350,000 and was encumbered by a $70,000 mortgage. Each party assumed the other's mortgage. The amount of the taxpayer's recognized gain is $20,000.The basis is equal to the purchase price, plus any costs related to acquisition, and any capital improvements, minus any depreciation taken.
The basis in the farmland is equal to $250,000 ($250,000 purchase price).The realized gain on the farmland is $150,000, computed as the FMV of $400,000 less the basis of $250,000.The amount of debt relief is equal to $50,000 computed as the $120,000 mortgage relieved, less the $70,000 mortgage assumed on the building.
The amount of gain recognized is equal to $20,000 computed as the lesser of the realized gain of $150,000 and the amount of debt relief of $50,000.
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Stacy wants to teach 3rd graders in a public school she just finished her bachelor's degree in education what is he required to obtain before he starts work
Answers
Answer:
The first thing that Stacy needs to get is teacher certification.
Explanation:
State governments are the ones in charge of certificating teachers, in other words, depending on the state, a person is required to pass a test or tests that enables them to teach. It is like obtaining a license for teaching, except that teachers obtain it only once.
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Match each Pricing Strategy to its corresponding description.
Question 16 options:
Prices that targeting customers looking to save as much money as possible
Setting high prices when a product is introduced and gradually lowering the price
High quality products marketed to high-income individuals
Pair several products together and selling them for less money than each would be individually
Setting prices low until after a reliable customer base is established, then raising prices
1.
Economy Pricing
2.
Bundle Pricing
3.
Market Penetration
4.
Price Skimming
5.
Premium Pricing
Answers
Economy Pricing: Prices that target customers looking to save as much money as possible.
Bundle Pricing: Pair several products together and selling them for less money than each would be individually.
Market Penetration: Setting prices low until after a reliable customer base is established, then raising prices.
Price Skimming: Setting high prices when a product is introduced and gradually lowering the price. Premium Pricing: High quality products marketed to high-income individuals. Economy Pricing: Prices that target customers looking to save as much money as possible.
Bundle Pricing: Pair several products together and selling them for less money than each would be individually. Market Penetration: Setting prices low until after a reliable customer base is established, then raising prices. Price Skimming: Setting high prices when a product is introduced and gradually lowering the price.Premium Pricing: High-quality products marketed to high-income individuals.
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corporate retreats, according ram charan in the textbook, give companies an opportunity to look beyond their own industries to evaluate trends that could impact their own industries in the future. ture or false
Answers
Yes, as stated by Ram Charan in the textbook, corporate vacations allow businesses the chance to consider trends that may have an impact on their own industry in the future.
What qualities distinguish an excellent location for a corporate retreat?The location of a good corporate retreat should be convenient for the personnel; for instance, you might impose a two-flight limit. Additionally, the top retreat locations accommodate a range of culinary, recreational, and lifestyle requirements.
What is a venue for a business retreat?An extended event for a small group or the full organization can be held at a corporate retreat location. This location allows your staff the chance to interact outside of the office and their normal work responsibilities.
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Individuals who focus only on their own interests when making decisions are at the ________ stage of ethical development.
1. Pre-conventional
2. Post-conventional
3. Conventional
Answers
After a presentation is created, there is nothing left to do.
True
False
Answers
Answer:
false
Explanation:
Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.
Answers
I sole’s problems increase profits
Answer:
a,c,d
Explanation:
Video concepts, inc. (vci) manufactures a line of dvd recorders (dvds) that are distributed to large retailers. The line consists of three models of dvds. The following data are available regarding the models: model dvd selling price variable cost demand/year per unit per unit (units) model lx1 $175 $100 2000 model lx2 $250 $125 1000 model lx3 $300 $140 500 vci is considering the addition of a fourth model to its line of dvds. This model would be sold to retailers for $375. The variable cost of this unit is $225. The demand for the new model lx4 is estimated to be 300 units per year, sixty percent of these units sales of the new model is expected to come from other models already being manufactured by vci (10 percent from model lx1, 30 percent from model lx2 and 60 percent from model lx3. Vci will incur a fixed cost of 20,000 to add new model to the line. Based on the data do you think they should add a new model lx4 to the lines or vcr's and if so why?
Answers
Using the contribution margin to calculate the net profit, it would not be profitable for VCR to add the new model LX4 to its line of DVD recorders.
Is there a justification to add a new model lx4 to the lines or vcr's?To determine whether VCI should add the new model LX4 to its line of DVD recorders, we need to calculate the incremental profit from adding the new model and compare it to the fixed cost of $20,000.
First, let's calculate the contribution margin per unit for each of the existing models:
Model LX1: Selling price per unit ($175) - Variable cost per unit ($100) = $75 contribution margin per unitModel LX2: Selling price per unit ($250) - Variable cost per unit ($125) = $125 contribution margin per unitModel LX3: Selling price per unit ($300) - Variable cost per unit ($140) = $160 contribution margin per unitNext, let's calculate the incremental profit from adding the new model LX4:
Selling price per unit ($375) - Variable cost per unit ($225) = $150 contribution margin per unitSales per year (300 units) x Contribution margin per unit ($150) = $45,000 incremental profit from new modelNow let's consider the expected impact on the sales of existing models:
Model LX1: 10% of 300 units = 30 units x Selling price per unit ($175) x Contribution margin per unit ($75) = $52,500 reduction in profitModel LX2: 30% of 300 units = 90 units x Selling price per unit ($250) x Contribution margin per unit ($125) = $11,250 reduction in profitModel LX3: 60% of 300 units = 180 units x Selling price per unit ($300) x Contribution margin per unit ($160) = $28,800 reduction in profitThe total reduction in profit from the existing models is $92,550. However, the incremental profit from the new model is $45,000, so the net profit impact of adding the new model LX4 is:
Net profit impact = Incremental profit - Reduction in profit from existing models
Net profit impact = $45,000 - $92,550
Net profit impact = -$47,550
Since the net profit impact of adding the new model is negative, it would not be profitable for VCR to add the new model LX4 to its line of DVD recorders. The fixed cost of $20,000 to add the new model would only exacerbate the negative impact on VCI's profits. Therefore, VCR should not add the new model to its line.
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You have checked model income statements and estimate your payroll expense will be 28% of revenue. You expect sales to be $312,112 per year. What should you budget MONTHLY for payroll?
Answers
Answer:
$7,282. 61
Explanation:
Payroll is 28% of revenue.
sales or revenue are expected to be $312,112 per year.
Payroll per year will be
=28% of $312, 112
= 28/100 x $312,112
=0.28 x 87,391.36
The monthly payroll budget should be
= $87,391.36 / 12
=$7,282.61
hurry! #3
What soft skills should a customer service representative use when resolving customer issues?
negotiation and bartering
control and manipulation
empathy and humor
speed and knowledge
Answers
Answer:
empathy and humor
11. This year, teachers can eam a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the teachers' tax returns?
A. The $250 will come directly off of the amount of taxes the teachers owe.
B. The $250 will be subtracted from the teachers' gross incomes.
C.This credit will put them in higher tax brackets.
D.This credit is not big enough to make any impact on the teachers' taxes.
Answers
Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.
Explanation:
When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.
In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.
in a closed economy two characteristics of equilibrium gdp are
Answers
Equilibrium GDP is characterized by total output being equal to total expenditure and no unplanned inventory changes.
In a shut economy, two vital qualities of balance Gross domestic product (GDP) are the uniformity of complete result and all out use, as well as the shortfall of any spontaneous stock changes.
Right off the bat, in balance, absolute result or creation (estimated by Gross domestic product) is equivalent to add up to consumption. This implies that the worth of labor and products delivered (yield) matches the complete spending on those labor and products (use).
It infers that all merchandise created are being bought, guaranteeing a harmony among creation and utilization.Furthermore, in balance, there are no spontaneous changes in inventories. This implies that how much merchandise created precisely matches the sum requested, leaving no overabundance supply or deficiency.
Assuming there is an accidental amassing of unsold merchandise, organizations will lessen creation to keep away from abundance stock. On the other hand, assuming that request surpasses creation, organizations will build creation to satisfy the need and forestall deficiencies.
These two qualities of harmony Gross domestic product demonstrate a condition of equilibrium where creation matches consumption and there are no unforeseen changes in stock levels.
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how can a reduction in taxation be used to influence aggregate demand
Answers
Answer:
shifting the aggregate demand curve to the right.
Explanation: