The desired level of customer service is the percentage of orders that you want to fill without having to backorder any items. This number will be different for every business, but is typically between 95-98%. Often, you don’t know your inventory. Read more
To calculate the cost of a process, you add up all the direct expenses incurred in that specific production stage — including the materials used and wages of your operators. You then allocate a portion of the indirect costs based on. Read more
When we sell identical goods, we can choose from several inventory costing methods when calculating Cost of Goods Sold and Ending Inventory. Under a periodic LIFO system, however, layers are only stripped away at the end of the period, so that. Read more
3-a. How many units would have to be sold each month to earn a target profit of $52,800? Use the formula method. Total costs are compared to total revenue and are either lower (profit), higher (loss), or equal (break-even point). Learn. Read more
The plan is for a total of 14 hours, but at the halfway point it would be expected to be at seven hours (14/2). If the project plan notes that the materials were purchased upfront, this might be reasonable. In the. Read more
But if you are looking to have a steady stream of low returns, then they are a good option. From the date of purchase to a hypothetical sale, the value at exit is therefore relatively known – so, such holdings can. Read more
In order to evaluate the Sticker Price you want to find the Future Growth Rate, the P/E Ratio, and your Minimum Acceptable Rate of Return. The Future Growth Rate is always an estimate, the other numbers you can find on financial. Read more
If you want precision, you may take the LIFO reserve as far back as one year, along with a representation of how that year’s economy was. 470 units are first sold from purchases of 500; hence, the closing stock is 30. Read more
Such a preference drives management to avoid LIFO liquidations or at least to strategically manage when they occur. LIFO liquidation can distort a company’s net operating income, which generally leads to higher taxable income. Under LIFO, a company uses the most. Read more
In 1809 Carl Friedrich Gauss published his method of calculating the orbits of celestial bodies. In that work he claimed to have been in possession of the method of least squares since 1795.[9] This naturally led to a priority dispute with. Read more