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2 years ago

What approaches do supermarkets use to offset variations in customer traffic intensity?

1 answer:

3 0

Based on earlier studies or history of the supermarket they would know when the busy times of the day are, with that they would deliver in more crowd.
They would need the various server systems to cost out how many crowds they would want to have worked to help limit the number of customers in line and their wait time in line.

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Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod

Leto [7]

Answer and Explanation:

The preparation of the financial impact is shown below:

Particulars Make Buy

Direct Material (7,400 × $7.50) $55,500

Direct Labor (7,400 × $4.20) $31,080

Variable overhead (7,400 × $8.30) $61,420

Supervisors salary (7,400 × $3.20) $23,680

Depreciation on special equipment $0 $0

General overhead $3,400

Purchase cost (7,400 × $27) $199,800

Opportunity cost $(18,000)

Total Annual Cost $175,080 $181,800

b. As we can see that the total annual making cost is $175,080 and the total annual buying cost is $181,800 which increase the cost by $6,720. So in this case the company should make the product rather than buying them

4 0

2 years ago

Crystal Apple Sales Company began 2014 with cash of $2,000, inventory of $3,600 (200 crystal apples that cost $18 each), $2,500

Andru [333]

Answer and Explanation:

a. The computation of ending inventory and cost of goods sold using the three different cost flow assumptions: FIFO, LIFO, and Weighted Average is shown below:-

Cost of goods sold = (200 × $18) + (800 × $20) + (1,040 × (2,040-200-800)

= (200 × $18) + (800 × $20) + (1,040 × $24)

= $3,600 + $16,000 + $24,960

= $44,560

Ending Inventory Under FIFO = (1,200 - 1,040) × (2,040-200-800)

= 160 × $24

= $3,840

Under LIFO method

Cost of goods sold is

= (1,200 × $24) + (800 × $20) + (40 × $18)

= $28,800 + $16,000 + $720

= $45,520

Ending Inventory Under LIFO is

= (200 - 40) × $18

= 160 × $18

= $2,880

Weighted Average cost flow Assumption

Weighted Average cost per apple = Cost of Beginning inventory and purchase ÷ Total apple available

Cost of Beginning inventory and purchases is

= (200 × $18) + (800 × $20) + (1,200 × $24)

= $3,600 + $16,000 + $28,800

= $48,400

Total apples available is

= 200 + 800 + 1,200

= 2,200

Weighted Average cost per apple is

= $48,400 ÷ 2,200

= $22

Cost of goods sold is

= 2,040 × $22

= $44,880

Ending Inventory is

= 160 × $22

= $3,520

b. The Preparation of income statement, a balance sheet, and a statement of cash flows under each of the three cost flow assumptions is prepared below:-

Income Statement Amount

Sales (2,040 × $40) $81,600

Less: Cost of goods sold ($44,560)

Gross Profit $37,040

Less: Operating Expenses ($26,000)

Income before income taxes $11,040

Less: Income tax (30% × $11,280) ($3,312)

Net Income $7,728

Balance Sheet

Assets

Cash $9,488

Inventory $3,840

Total Assets $13,328

Liabilities and Stockholder's Equity

Common Stock $2,500

Retained Earnings $10,828

Total Liabilities and Equity $13,328

Working note

cash = (opening + Sales - Purchases - Operating expenses - Income tax expenses )

= $2,000 + $81,600 - $44,800 - $26,000 - $3,312

= $9,488

Retained earning = (Opening + Net Income)

= $3,100 + $7,728

= $10,828

Statement of Cash Flow

Cash Flow from Operating Activities

Cash Sales $81,600

Payment to Accounts Payable ($44,800)

Operating Expenses ($26,000)

Income tax paid ($3,312)

Net Increase in cash and

cash equivalents $7,488

Add: Opening Cash and

cash equivalents $2,000

Closing Cash and cash equivalents $9,488

LIFO cost flow Assumption

Income Statement

Sales (2,040 × $40) $81,600

Less: Cost of goods sold ($45,520)

Gross Profit $36,080

Less: Operating Expenses ($26,000)

Income before income taxes $10,080

Less: Income tax (30% × $10,080) ($3,024)

Net Income $7,056

Balance Sheet

Assets

Cash $9,776

Inventory $2,880

Total Assets $12,656

Liabilities and Stockholder's Equity

Common Stock $2,500

Retained Earnings $10,156

Total Liabilities and Equity $12,656

Working note:-

Cash = (opening + Sales - Purchases payment - Operating expenses -Income tax expenses)

= $2,000 + $81,600 - $44,800 - $26,000 - $3,024

= $9,776

Retained earning = (Opening + Net Income)

= $3,100 + $7,056

= $10,156

Statement of Cash Flows

Cash Flow from Operating Activities

Cash Sales $81,600

Payment to Accounts Payable ($44,800)

Operating Expenses ($26,000)

Income tax paid ($3,024)

Net Increase in cash and

cash equivalents $7,776

Add: Opening Cash and

cash equivalents $2,000

Closing Cash and cash equivalents $9,776

Weighted Average cost flow Assumption

Income Statement

Sales (2,040 × $40) $81,600

Less: Cost of goods sold ($44,880)

Gross Profit $36,720

Less: Operating Expenses ($26,000)

Income before income taxes $10,720

Less: Income tax (30% × $10,720) ($3,216)

Net Income $7,504

Balance Sheet

Assets

Cash $9,584

Inventory $3,520

Total Assets $13,104

Liabilities and Stockholder's Equity

Common Stock $2,500

Retained Earnings $10,604

Total Liabilities and Equity $13,104

Working note

Cash = opening + Sales - Purchases payment - Operating expenses - Income tax expenses )

= $2,000 + $81,600 - $44,800 - $26,000 - $3,126

= $9,584

Retained earning = (Opening + Net Income)

= $3,100 + $7,504

= $10,604

Statement of Cash Flows

Cash Flow from Operating Activities

Cash Sales $81,600

Payment to Accounts Payable ($44,800)

Operating Expenses ($26,000)

Income tax paid ($3,216)

Net Increase in cash and

cash equivalents $7,584

Add: Opening Cash and

cash equivalents $2,000

Closing Cash and

cash equivalents $9,584

8 0

2 years ago

Bentley manages a building supply company. He wants to invite 20 of his most valuable building-contractor customers to a golf ou

Radda [10]

Bentley will likely use the firm's <u>CRM databases</u> to identify these customers.

<u>Explanation</u>:

CRM databases collect information about the customers. It can be used to identify the best customers. The database stores the annual sales report.

CRM is a customer relationship management that manages the interaction between company and customers.

CRM database holds all the data related to the customers like their name, email address, age, Skype address and occupation details.

In the above scenario, Bentley can use CRM database to filter twenty valuable building contractor customers and invite them for golf outing and party.

6 0

2 years ago

Division A reported income from operations of $975,000 and total service department charges of $675,000. As a result, a.consolid

alexgriva [62]

Answer:

c.income from operations before service department charges was $1,650,000

Explanation:

We can see from the information in the question, that income from operations and service department charges sum a total of $1,650,000

Gross income before service department charges = $975,000 + $675,000

= $1,650,000

8 0

2 years ago

Jim debt was reviewing the total accounts receivable. this month he received $80,000 from credit customers. this represented 40%

Eduardwww [97]

200,000 have to find what 10 percent is and multiply that by 10

4 0

2 years ago

Read 2 more answers