Why is keeping enormous amounts of inventory a bad thing?

Answers

Answer 1
manufacturing more than there is demand means that the day when the demand stops, you will be left with a bunch of inventory you cant sell or get rid of

Related Questions

Governments shoulder the computer-related ethical responsibilities of entire countries and cultures. these responsibilities generally fall into two categories:

Answers

Governments shoulder the computer-related ethical responsibilities of entire countries and cultures. These responsibilities generally fall into two categories: Protection and empowerment.

Final answer:

The responsibility for providing all citizens with access to the Internet is a topic of debate. Some argue that it is the role of the U.S. government to ensure universal access, while others believe that gaining Internet access is an individual responsibility.

Explanation:

In today's digital age, the responsibility for providing all citizens with access to the Internet is a topic of debate. Some argue that it is the role of the U.S. government to ensure universal access, while others believe that gaining Internet access is an individual responsibility.

On the one hand, proponents of government responsibility argue that access to the Internet is now essential for participation in society, education, and employment. They believe that the government should provide the infrastructure and resources needed for universal access, similar to other public utilities like electricity and water.

On the other hand, those who believe that gaining Internet access is an individual responsibility argue that it is not the role of the government to provide such services. They contend that Internet access is a personal choice and responsibility, and individuals should bear the costs and efforts associated with gaining access.

The most efficient way to overcome the principal-agent problem in a firm is to:

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Provide stock option to the agent This issue emerges when a person known as the agent consents to work for another which is the principal for some financial gains . Such arrangements may cause tremendous expenses for the agent in themanner prompting the issues of good risk and irreconcilable circumstance. Inferable from the expenses brought about, the agent may start to seek after his own particular plan and disregard the best rule and practice that will benefit the principal's work

Does reading the abstract of an article give you enough information about its contents?

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It is true that reading the abstract of an article give you enough information about its contents. The abstract is the summary of the article that describes the content of the article, the scope, objective,methodology and findings, and finally conclusions. Abstracts are useful for initially evaluating a resource's usefulness.
Final answer:

The abstract provides a snapshot of an article's main points, but for complete comprehension and critical evaluation, further reading of the article is needed. Skimming other sections and considering annotated bibliographies can offer a more nuanced understanding of the work's credibility and relevance.

Explanation:

Reading the abstract of an article provides a concise overview of its main points, research findings, and relevance to your study. While abstracts are useful in helping you determine whether to pursue a full reading of the article, they do not encapsulate all the details and nuances present. Skimming further sections like the introduction, conclusion, and topic sentences can yield a broader understanding of the argument and the evidence provided. It is also important to read critically, assessing the logic, credibility, and potential biases of the paper, even if it agrees with your thesis. Detailed reading is necessary for a comprehensive understanding and should follow an initial review if the paper is deemed relevant.

To develop a mental outline for the work, you may also look at the table of contents and section headings. An annotated bibliography can complement abstracts by providing evaluations and critical assessments of the sources used in your research. In contrast to abstracts, which are purely descriptive, annotations offer insights into the source's credibility and usefulness, which can guide others in their research endeavors.

Dangerousness had been conceptualized as a ________ variable, while risk assessment is a ________ variable.

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Dangerousness had been conceptualized as a dichotomous variable, while risk assessment is a continuous variable. The terms dichotomous and continuous variables are used in logistic regression- statistical method for analyzing datasets. The dichotomous variable has only two possible outcomes (values or categories). The continuous variable on the other hand has an infinite number of possible outcomes (values, categories).

Other things being equal, a nation with democratic political institutions, is clearly more attractive as a place in which to do business than a nation that lacks democratic institutions.

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This is a true statement. This gives the business the ability to perform its duties and tasks. In addition, having a market-based system that allows for the business to grow and expand helps those in charge meet their financial goals.

Dolly can count from 1 to 10 in order. this ability is due to the logical principle of conservation.

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The logical principle of conservation was introduced and defined by the psychologist Jean Piaget. It states that the logical thinking about numbers, area, volume, orientation develops in the concrete operational stage at ages 7–11.
So, the statement that Dolly's ability to count from 1 to 10 in order is due to the logical principle of conservation is true. 

Dolly can count 1-10 in order. This ability is due to the logical Principle of conservation which simply refers to the ability in which it is not present in children during their pre-operational stage of their development  ages 2-7, however it develops in the concrete operational stage at ages 7-11. 

Becca and bob own a car rental business. becca contributes 75 percent of the capital but does only 20 percent of the work, while bob contributes 25 percent of the capital but does 80 percent of the work. both decide on a 50/50 allocation of profits. in which types of business structures would this arrangement be possible?

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This would only be available in limited liabilities and partnerships. S corporations must allocate profits in direct proportion to the shareholders interests, however LLC's and partnerships can allocate profits however they see fit.

The rest-a-lot chair company manufacturers a standard recliner. during february, the firm's assembly department started production of 75,000 chairs. during the month, the firm completed 80,000 chairs, and transferred them to the finishing department. the firm ended the month with 10,000 chairs in ending inventory. there were 15,000 chairs in beginning inventory. all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. the fifo method of process costing is used by rest-a-lot. beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs

Answers

Calculation of the Cost of Goods Transferred Out During February:

Units that were started during February were completed during February = 75,000 - 10,000 = 65,000

Equivalent units for conversion costs during February = (15,000 x 0.7) + 65,000 + 10,000 (0.8) = 83,500

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February = $168,000/75,000 = $2.24 x 10,000 = $22,400

The Costs of Beginning Inventory ($24,000 + $35,000)$59,000

Direct Materials ($2.24 * 65,000)$145,600

Conversion Costs [$278,000/(10,500 + 8,000 + 65,000)] x 65,000$216,450

FG beginning inventory (15,000 x 0.7 x 3.33)$34,965

Total Costs of Goods$456,015

Therefore, the Total Cost of Goods Transferred Out During February is $456,015

Final answer:

The subject of this question is Business, specifically the topic of process costing in manufacturing. Rest-A-Lot Chair Company uses the FIFO method and the given information provides details about their production and inventory of recliner chairs.

Explanation:

The subject of this question is Business, specifically the topic of process costing in manufacturing.

In the given scenario, Rest-A-Lot Chair Company manufactures recliner chairs and uses the FIFO method of process costing. They started production with 75,000 chairs and completed 80,000 chairs during February. They transferred these chairs to the finishing department and ended the month with 10,000 chairs in the ending inventory. There were 15,000 chairs in the beginning inventory. The costs of direct materials are added at the beginning of the production cycle, while conversion costs are added uniformly throughout the production process. Additionally, the beginning work in process was 30% complete as to conversion costs, and the ending work in process was 80% complete as to conversion costs.

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If you suspect a friend is suicidal what should you do

Answers

You should contact a adult but the more mature thing is to talk to them and see if you can help if the person doesn't want to talk about it you can call the cops.
(I know it's ridicules but suicide is a crime)

World trade organization (wto) member countries account for approximately __________ percent of world trade.

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World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are: -Forum for negotiation -Administration -Dispute Settlement To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.

Project management is the task of getting a project's activities done on time, within budget, and _____.

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According to specifications. Project management is the task of getting a project's activities done on time, within budget, and According to specifications.

What is Project Management?

Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the beginning of the development process. The primary constraints are scope, time, and budget.

What is Budget?

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends
money.

A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another. In terms of the bottom line—or the end result of this trade-off—a surplus budget means profits are anticipated, a balanced budget means revenues are expected to equal expenses, and a deficit budget means expenses will exceed revenues.

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Smaller nations may seek safe haven trading arrangements with larger nations when future access to that market seems uncertain. this was reason for the formation of

Answers

This was the reason for the formation of NAFTA.
NAFTA stands for North American Free Trade Agreement and this agreement was signed by Canada, Mexico, and the United States by developing a trilateral trade bloc in North America. The North American Free Trade agreement came into force on January 1, 1994.

Lewis company has $25,000 in retained earnings, $40,000 in assets, and $11,000 in liabilities. how much is in common stock?

Answers

BASIC FORMULAE IS ASSETS -(LIABILITIES +COMMON STOCK)=RETAINED EARNINGS SO, BY SUBSTITUTION 40000-(11000+COMMON STOCK)=25000 THUS COMMON STOCK 4000

Final answer:

The amount in common stock for Lewis Company is calculated using the accounting equation. By subtracting liabilities and retained earnings from total assets ($40,000 - ($11,000 + $25,000)) we find that the common stock value is $4,000.

Explanation:

To determine the amount in common stock for Lewis Company, we should use the basic accounting equation:

Assets = Liabilities + Owners' Equity.

In this case, the owners' equity includes both retained earnings and common stock. Given the following:

Retained Earnings: $25,000

Assets: $40,000

Liabilities: $11,000

We can calculate common stock by rearranging the equation:

Common Stock = Assets - (Liabilities + Retained Earnings)

Common Stock = $40,000 - ($11,000 + $25,000) = $4,000.

Thus, the amount in common stock is $4,000.

When a buyer, pursuant to a sale of goods contract, accepts nonconforming goods, the buyer's measure of damages is:?

Answers

difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted. 



True!

The buyer's measure of damages is the difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted.

What is sale of goods?

This is when ownership of goods are transferred from the seller, to the buyer in exchange for money.

Hence, the buyer's measure of damages is the difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted.

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Fedex gives its employees significant discretion in taking action to solve customer problems. this is referred to as

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Fedex gives its employees significant discretion in taking action to solve customer problems. this is referred to as empowerment.  Employees is given more authority to solve problems. The empowerment gives customers the feeling that their concerns are being addressed and gives employees the feeling that their expertise matter. 

Tyson has decided he wants to be trained and certified in cosmetology. which type of institution of higher learning could provide him with this?

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Tyson would need to search in his City and State for schools that teach cosmetology. He will generally spend about 1500 hours of classwork to achieve certification. Kaplan, Ashford and Kerzing Universities offer course work for his goal.

he would want to go to a technical school.

According to michel foucault, organizations "efficiently distribute bodies" and activities through the use of

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According to michel foucault, organizations "efficiently distribute bodies" and activities through the use of timetables.
Michel Foucault was a French philosopher, social theorist and historian of ideas and he held a chair with the title of "History of Systems of Thought,"  at the Collège de France.

If your nominal income is​ $80,000 and your real income in base year prices is​ $71,500, what is the​ cpi?

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The consumer price index would change in concert with the real value of the income that the consumer has. In this case, the nominal value is 80,000 with a real value of only 71,500. Taking these two values and dividing them gives a quotient of 1.118, which is rounded up to 1.12, multiplied by 100 to give a CPI of 112.

__________ refers to a reduction in the proficiency needed to perform a specific job that leads to a corresponding reduction in the wages for that job. it has resulted from the introduction of computers and other technology.

Answers

that would be "Job deskilling."  

hope that helps
___job diskilling _______ refers to a reduction in the proficiency needed to perform a specific job that leads to a corresponding reduction in the wages for that job. it has resulted from the introduction of computers and other technology.

Emily is considered to be an excellent production manager. however, she tends to give attention only to those aspects of the organization that affect her own production operation and to not notice the concerns of other departments. from a perceptual perspective, emily is guilty of which perceptual distortion?

Answers

Selective perception

When economists say that equilibrium is efficient, they mean that…?

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They mean all units creating more benefit than cost have been produced.
When economists say that equilibrium is efficient, they would mean that the price and quantity are stable so benefits are increasing. The market equilibrium provides more benefits in terms of costs. There is equilibrium when there is no shortage, no surplus and prices are stable , at the same time supply curve and demand curve should be intersect. 

According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? a decrease in demand due to scarcity an increase in demand due to an increase in supply an increase in demand due to changing economic factors an increase in price due to an increase in demand

Answers

To answer this problem, we would need to have the table.

Anyway, let us dissect the given choices one by one.

 

a decrease in demand due to scarcity

- scarcity is lack of supply, there is no relationship between price and scarcity

 

an increase in demand due to an increase in supply

-no relationship with price

 

an increase in demand due to changing economic factors

-what are the factors?

 

an increase in price due to an increase in demand

-when the demand is high, suppliers tend to increase the price to gain more profit, so I think this is the answer

 

Answer:

an increase in price due to an increase in demand

 

Smartphone applications are developed by _____.

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Well, smartphone applications are developed by 1. manufacturers of the handheld device, 2. third-party software developers and finally by operators of the communications network on which they operate. 

The many natural waterways provided cheap movement of goods to market.
a. True
b. False

Answers

the answer is true
hope i helped

The account used to close the temporary accounts (revenues and expenses) before the finish of the accounting cycle is

Answers

The answer is the Income Summary account. It is a provisional account into which all revenue and expense records are moved at the end of an accounting period. The net amount moved into the income summary account equivalents the net profit or loss that the company sustained during the accounting period.

The Income Summary account is used to close temporary accounts in the accounting cycle.

The account used to close the temporary accounts (revenues and expenses) before the finish of the accounting cycle is the Income Summary account. This account serves as a clearing account to transfer the balances of revenue and expense accounts before closing them.

Of all the ways of handling the waste we produce, _____ is the best method.

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In the array of ways that humans are able to get rid of the waste that we produce, perhaps the most effective means of doing so is the duality of recycling and reusing the products that created the waste, in order to create a cycle that ensures sustainability.

The term __________ include(s) property such as buildings, land, farms, houses, factories, and cars, as well as other assets such as bank accounts, corporate stocks, bonds, and insurance policies.​

Answers

Answer: wealth

Explanation:

Q 4.13: salaries and wages expense should have been accrued on december 31st, but the entry was not made. the result of this oversight is that

Answers

The answer to the given situation is "the result of this oversight is that the liabilities are understated".
We can define understated as if someone say to you that your account is understated, it means that either the amount is incorrect or the amount is too small or it is less than the actual or true amount. In the given case the entry was not made due the understatement of liabilities.

Final answer:

The oversight of not accruing salaries and wages expense on December 31st results in an understatement of expenses and liabilities, and an overstatement of net income, which misrepresents the company's financial performance and position. It violates the accrual basis of accounting and the matching principle, necessitating an adjusting entry to correct the financial statements.

Explanation:

If salaries and wages expense were not accrued on December 31st, it means that the company fails to recognize expenses that it has incurred during the period but has not yet paid. This oversight leads to an understatement of expenses and liabilities on the income statement and balance sheet, respectively. As a result, the company's net income would be overstated, and its financial position would appear healthier than it actually is. Moreover, this can lead to a misrepresentation of the company's financial performance and condition to stakeholders.

Accruing the salaries and wages ensures that the financial statements are presented fairly, following the accrual basis of accounting, which requires that revenues and expenses be recognized when they are earned or incurred, regardless of when the cash transactions occur. Failure to make this accrual entry violates the matching principle, which stipulates that expenses should be recorded in the same accounting period as the revenues they help to generate.

The correct course of action would be to make an adjusting entry as soon as the oversight is discovered to record the expense and the corresponding liability. This adjustment would increase the salaries and wages expense on the income statement and increase the accrued wages liability on the balance sheet.

Because there are dozens of brands of tablet computers to choose from, the elasticity of demand for the tablet market is:

Answers

The elasticity of demand for the tablet market is elastic. It is because if there are dozen of tablets to choose from, then the demand will likely be in respond to the prices in which it won’t be inelastic as the prices that change won’t put an effect on them as the prices will likely be an effect as they will likely chose the brand that doesn’t cost that much.

It is not necessary to cool down after exercising question 2 options:

a. True

b. False

Answers

Im pretty sure it is false. because you can over heat. thats why we open the door after running in the gym...

The answer is FALSE. You should cool down since it’s not healthy for you is you don’t take a break. Your body is tired and needs a break. Also many people will tell you to take a cool down. And if you watch any videos, they will tell you to take a cool down. So the answer is false for many reasons and facts on the subject :)

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