PRINCIPLES OF BUYING “In the long-term‚ the success of any organization depends on its ability to create and maintain a customer.” Do you agree? What does this have to do with purchasing and supply management? Yes‚ I agree that the success of any organization depends on its ability to create and maintain a customer. No matter where the supply function is located on the organizational chart; each member of the supply organization has the opportunity to improve relations with internal customers
Premium Supply chain management Procurement Fast food restaurant
CASH FLOW DIRECT/INDIRECT 1. Given the following information and using the indirect method prepare the Cash Flows from Operating Activities section of the statement of cash flows. End of Year Beginning of Year Change Cash 23‚500 37‚400 (13‚900) Accounts receivable (net)
Premium Variable cost Contribution margin Costs
decreased. | 5. | Sales are $500‚000 and variable costs are $350‚000. What is the contribution margin ratio? | A) | 43%. | B) | 30%. | C) | 70%. | D) | Cannot be determined because amounts are not expressed per unit. | 6. | Barcelona Bagpipes produces two models: Model 24 has sales of 500 units with a contribution margin of $40 each; Model 26 has sales of 350 units with a contribution margin
Premium Variable cost Management accounting Contribution margin
CHAPTER 12 PRICING DECISIONS AND COST MANAGEMENT 12-1 The three major influences on pricing decisions are 1. Customers 2. Competitors 3. Costs 12-2 Not necessarily. For a one-time-only special order‚ the relevant costs are only those costs that will change as a result of accepting the order. In this case‚ full product costs will rarely be relevant. It is more likely that full product costs will be relevant costs for long-run pricing decisions. 12-3 Two examples of pricing decisions with
Premium Variable cost Costs Fixed cost
Allahummagh Firli Zhambee Wa wassi’li fee Daaree wa Baariklee fee Rizqhee. According to Imam Ja’far-e-Sadiq (a.s.) whenever one buys something one should say Allaho-Akbar thrice and then recite the following prayers:- |Transliteration: ALLA-HOOMMA INNISH-TARAITOHOO AL-TAMESO FEEHA MIN KHAIREKA FAJ’AL-LI FEEHE | |KHAIRAN ALLA-HOOMA INNISH-TARAITOHOO AL-TAMESO FEEHE MIN FAZLEKA FAJ’AL-LI FEEHE RIZQAN FAZLAN | |ALLAH HOOMMA INNISH-TARAITOHOO AL-TAMESO FEEHE-MIR-RIZQEKA FAZLEKA
Free English-language films
Since the advert of credit cards‚ using them as a means of purchasing goods has increasingly become adopted by a growing number of consumers. We have witnessed incredible advances in the field of credit cards that make our life easier. Nevertheless‚ there are disadvantages that must also be taken into account. There are many benefits to shopping on credit. To begin with‚ owing a gredit card gives you the convenience to buy now whatever you want and pay in the future. For example‚ a newly married
Premium Credit card Money Payment
Needs This computer would be used for mainly writing papers‚ surfing the Internet‚ a little desktop publishing‚ and playing some 3d sports games. Software The software I would buy would have to include a word processor‚ and desktop publishing program. The standard programs for this are Microsoft’s. They are Microsoft Word‚ and Microsoft Publisher. Using a student discount‚ I can get them both for under $200. (See http://www.edu.com/software/ ) I also need to decide which operating system
Premium Personal computer Nvidia Motherboard
Direct materials = $52‚000 3. The Lyons Company’s cost of goods manufactured was $120‚000 when its sales were $360‚000 and its gross margin was $220‚000. If the ending inventory of finished goods was $30‚000‚ the beginning inventory of finished goods must have been: A. $150‚000 B. $20‚000 C. $50‚000 D. $110‚000 Cost of goods sold = Sales - Gross margin Cost of goods sold = $360‚000 - $220‚000 Cost of goods sold = $140‚000 4. Last month a manufacturing company had the following
Premium Variable cost Costs Management accounting
for $121.90 per unit. According to the activity-based costing system‚ the product margin for product P23F is: A. $9‚223.20 B. $7‚853.60 C. $5‚401.60 D. $22‚950.00 4. Kraska Corporation has provided the following data from its activity-based costing system: Data concerning one of the company ’s products‚ Product O11W‚ appear below: According to the activity-based costing system‚ the product margin for product O11W is: A. $4‚651.80 B. $1‚688.10 C. $17‚934.00 D. $3‚956.10
Premium Variable cost Costs Management accounting
What is contribution margin? In cost-volume-profit analysis of managerial accounting contribution margin is a very concept. The evaluation of contribution margin for any product is quite easy yet its usage is wide and when applied with various other metrics of CVP analysis such as PV Ratio‚ Break Even Point‚ variable cost‚ fixed cost‚ etc it helps to take major production decisions relating to volume of production and sales‚ and profitability of such levels of sales or production. Step 1:
Premium Variable cost Management accounting Costs