To calculate the value of the interval measure:
Interval measure = (total assets - net fixed assets)/daily operating costs
Total assets = $310,100
Net fixed assets = $168,500
Daily operating costs = $2,980
Interval measure = ($310,100 - $168,500)/$2,980
Interval measure = $141,600/$2,980
Interval measure = 47.52 days
1. A check for $170 to pay the electric bill was recorded on the books as $20; understated.
2. Included on the bank statement was a note collected by the bank for $450 plus interest earned of $30.
3. Checks outstanding totaled $290.
4. Bank service charges were $60.
5. Deposits in transit were $2,460.
Which item should be added to the company's book balance during the bank reconciliation?
Answer:
Sales and operations planning (S&OP).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Sales and operations planning (S&OP) is an aspect of business management and supply chain planning that is typically used for the development of tactical plans by integrating customer-focused or customer-oriented marketing plans with respect to new and existing products into the operational management of the supply chain.
In conclusion, sales and operations planning (S&OP) helps manufacturers to better match supply with consumer demands by means of collaboration between the sales department and the operations department to create a single production plan.
Answer: A. Analyze the situation.
Explanation: Took the test
Answer:
C. $2,018.00.
Explanation:
The computation of the lower cost or market value is shown below:
For Jelly
= 150 units × $2 per unit
= $300
For Jam
= 370 units $2.50
= $925
And, for Marmalade
= 260 units × $3.05
= $793
So, the total inventory is
= $300 + $925 + $793
= $2,018
It is come by multiplying the quantity of each one by its lower cost or market value per unit
