Give examples of the kinds of information flows that take place between a store and its consumers, a distribution center, and a manufacturer.
What will be an ideal response?
As consumers make purchases, they affect inventories. Stores need to work with distribution centers to ensure that the right products will be available, so information about purchases and inventories must be shared. The store will also want to know when to expect shipments. Manufacturers need to know about quantities being sold so that they can adjust production and shipping schedules. Information about market conditions, customer preferences, and so on is also important to share among members of the supply chain.
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Dan's Drugstore sells medicine to consumers for $20 that only cost $2 to produce. Critics accuse Dan's of ________
A) deceptive promotion B) deceptive packaging C) false advertising D) excessive markups E) redlining
Hathaway Inc produces and sells golf umbrellas to local resorts. Hathaway anticipates April to be a busy month with the sale of 2,000 umbrellas. The company has prepared the following static budget for April: Sales revenue (2,000 units) $60,000 Variable costs: Direct materials 6,000 Direct labor 8,000 Overhead 2,500 Fixed costs 6,000 Net operating income $37,500 During April, Hathaway actually
produced and sold 2,300 umbrellas. What should be Hathaway's net operating income in April based on a flexible budget? A) $44,025 B) $43,125 C) $37,500 D) $35,025
During the current year, Goldblum Co. sold 160,000 units of its product at a selling price of $40. The variable cost per unit was $30, and Goldblum reported net income for the year of $220,000. What was the amount of Goldblum's fixed costs for the year?
What will be an ideal response?
A banker may perform a financial ratio analysis to assess a firm's ability to repay debt in a timely manner.
Answer the following statement true (T) or false (F)