During which stages of the distribution channel do logistics functions take place?

When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,

Alexeev081 [22]

Answer:

These statements are correct:

In a command economy, state-owned enterprises have little incentive to control costs and be efficient.

In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.

Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.

Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).

3 0

2 years ago

Kamin Company's mixing department had a beginning inventory of 4,000 units which had accumulated conversion costs of $55,000. Du

Kobotan [32]

Answer:

The cost per equivalent unit for conversion costs in the mixing department is $ 14.19

Explanation:

Step 1 Calculate the Number of Units Completed

Hint: Units input in process must equal units out of the process

Therefore Units Completed = 4,000 units+8,000 units - 2,500 units

= 9,500 units

Step 2 Calculate the total conversion cost in the process for the period

Hint : Conversion costs in Opening Work In Progress + Conversion Costs Started during the Process

Therefore:

Opening Work In Progress $55,000

Add Started during the Process $92,000

Total Conversion Costs $149,000

Step 3 Calculate total Equivalent Units related to Conversion Costs

Completed Units - 100% 9,500

Closing Work in Progress - 40% 1,000

Total 10,500

Step 4 The cost per equivalent unit for conversion costs in the mixing department

cost per equivalent unit for conversion costs= total conversion cost/ total Equivalent Units

= $149,000/ 10,500

= $ 14.19

6 0

2 years ago

Which of the following organizations must comply with rules and regulations established by specific government agencies to enfor

Zielflug [23.3K]

I would say answer b

5 0

2 years ago

Anya, sales manager for Pacific Lumber, tells Ricardo, the firm's inventory manager, that the firm's failure to have adequate su

zaharov [31]

Answer:

The correct answer is B

Explanation:

Stockout or OOS stands for Out of Stock, which is event that causes the inventory to be exhausted. It occur with the entire supply chain.

In this case, Firm is facing failure for having adequate or enough supplies on hand, which result in the lost sales amounts to $175,000. It is representing the Stockout in the inventory management costs.

3 0

2 years ago

Trevor always begins the day with a strawberry milkshake (milk (x1 ) and strawberries(x2) mixed in proportion 1:5). His income i

jenyasd209 [6]

Answer:

Check the explanation

Explanation:

Going by the question that the proportion of milk and strawberry for milk shake is 1:5.

If amount of milk is to be X1 that means the quantity of strawberry (X2) will be 5×X1, i.e., X2=5X1... Equation 1

And in addition, the milk and strawberry are complementary consumables as strawberry is of no use without milk and vice versa.

Budget equation will be as follows:

P1×X1+P2×5X1=M.... Equation 2

Given M=200, P1=15 & P2=1

Putting values in Equation 2

15×X1+1×5X1=200

X1=10 & X2=50(from equation 1)

Answer a)

With change in P1 from 15 to 5

Again putting values in Equation 2

5×X1+1×5X1=200

X1=20 & X2=100.

The total change in the demand of milk will increase from 10 units to 20 units.

Answer b)

Strawberry and milk are complementary goods here for that reason there would be no effect on substitution.

Answer c)

Since there will be no effect on substitution, total effect will be equal to income effect.

7 0

2 years ago