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love history [14]
2 years ago
14

Nick and Dale owned Buddy Corporation and had contacted Kurt's Warehousing to about storing some goods. Per the warehouse receip

t, Nick and Dale would store the goods on its premises. This is an example of _______________.
Business
1 answer:
pantera1 [17]2 years ago
8 0

Answer:

Flex warehousing

Explanation:

Flex warehousing also known as Public Warehousing, is a form of warehousing in which various firms seek to store high-turnover product in spaces for short periods of time.

It is a type of warehouse space which allows many clients' products to be received, handled, stored, and transported out in a flexible environment.

It is used to cater for overflow of goods, so as to maximize the space and labor reserved for only one contract client at a time.

Hence , in this case, this is an example of FLEX WAREHOUSING.

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The following data were selected from the records of Sykes Company for the year ended December 31, Current Year.
NISA [10]
F I hope I was able to help u
7 0
2 years ago
Exercise 4-2A Allocating costs between divisions Beasley Services Company (BSC) has 50 employees, 28 of whom are assigned to Div
Rasek [7]

Answer:

(a) $9,000 per employee

(b) $252,000; $198,000

Explanation:

Given that,

Fringe benefits cost during 2018 = $450,000

Employees assigned to division A = 28

Employees assigned to division B = 22

(a) Allocation rate:

= Total cost to be allocated ÷ Cost driver

= $450,000 ÷ 50

= $9,000 per employee

(b) Cost assigned to A:

= Division Allocation Rate × Weight of base (No. of employees)

= $9,000 × 28

= $252,000

Cost assigned to B:

= Division Allocation Rate × Weight of base (No. of employees)

= $9,000 × 22

= $198,000

6 0
2 years ago
Ian loaned his friend $20,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr
AlladinOne [14]

Answer:

Ian and His Friend's Business Loan

a. Annual payment = $5,904.56

b. Capital Recovery Schedule:

Year   Beginning            Payment     Interest        Principal         Ending

           Amount                                      Paid             Paid            Balance

1          $20,000          $-5,904.56    $1,400        $4,504.56   $15,495.44

2        $15,495.44       $-5,904.56    $1,084.68   $4,819.88    $10,675.56

3.       $10,675.56       $-5,904.56    $747.29      $5,157.27     $5,518.29

4.       $5,518.29         $-5,904.56    $386.27      $5,518.29    $0

Explanation:

Ian's loan to his friend = $20,000

Interest rate = 7%

Payback period = 4 years

Repayment = annual at the end of each year.

Ian can retrieve $5,904.56 at the end of each period to reach the future value of $20,000.00 and total interest of $3,618.25.

Using an online financial calculator:

N (Number of Periods) 4.000

I/Y (Interest Rate) 7.000%

PMT (Periodic Payment) $-5,904.56

Starting Investment $20,000.00

Total Interest $3,618.25

3 0
2 years ago
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for
aivan3 [116]

Answer:

$2040

Explanation:

FIFO under the perpetual inventory system is one in which the sale or purchase of inventory is immediately updated in the inventory account such that the true position of inventory available per time is known.

FIFO is first in first out which means that inventory purchased first are sold first.

Given;

                                     Units   Unit Cost   Total Cost        Units Sold

Beginning Inventory     30        $28             $ 840

Sale No. 1                                                                                   20

Purchase No. 1             50         $40             $2,000

Sale No. 2                                                                                  40

Purchase No. 2            20         $44              $880

Totals                           100                             $3,720               60

Cost of goods sold = $28 * 20 + $28 * 10 + $40 * 30

= $560 + $280 + $1200

= $2040

5 0
2 years ago
In 3-4 sentences describe how economic liberty helps water the "money tree" in a free enterprise.
il63 [147K]

Answer:

It helps giving you the ability to choose what you think is best for your business

Explanation:

Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).

What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.

Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?

That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.

6 0
2 years ago
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