Which one nike would use and explain why: raw material inventory, work in process (WIP) inventory, maintenance/ repair/operating (MRO) inventory and finished-goods inventory.Explain in minimal 100 words

Answers

Answer 1

Nike primarily uses raw material inventory and finished-goods inventory in their operations. Raw material inventory is crucial for Nike because it consists of materials needed to produce their products, such as textiles, rubber, and leather.

Managing raw material inventory efficiently ensures a steady supply for manufacturing and helps reduce production delays. Finished-goods inventory refers to completed products ready for sale, such as shoes, clothing, and accessories. Nike focuses on this type of inventory to meet customer demand and maintain optimal stock levels. By efficiently managing finished-goods inventory, Nike can deliver products to customers in a timely manner and minimize storage costs.

Although work in process (WIP) inventory and maintenance/repair/operating (MRO) inventory are also relevant in manufacturing processes, Nike's primary focus is on raw material and finished-goods inventories to ensure smooth production and effective distribution to customers.

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Related Questions

which of the following elements of the promotional mix is most important during the problem recognition and information seeking stages of the consumer buying process?

Answers

During the problem recognition and information seeking stages of the consumer buying process, the most important element of the promotional mix is advertising

. Advertising can help create awareness and educate consumers about a product or service, which is crucial during these stages when consumers are seeking information and identifying their needs. Other elements such as personal selling, sales promotion, and public relations may become more important during later stages of the buying process, but advertising is the most effective tool for reaching a wide audience and influencing their initial perceptions.

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The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of answer choices a. 21 b. 39 c. 40 d. 41 e. 65

Answers

The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged

C. 40

What is Age Discrimination in Employment Act of 1967?

This refers to the government policy where there is the protection for people aged 40 and older from being discriminated and prevented employment.

With this in mind, we can see that this Act was enacted in 1967 in order to encourage the employment of older people who were previously rejected in favor for more younger people.

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Based on the question above, the correct answer goes thus:

c. 40

The ADEA prohibits employment discrimination against persons 40 years of age or older.

In conclusion, we can conclude that the correct answer is 40

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..................................................................................................................................................................................................is ......................................................................................................................................................................... anyone here

Answers

Answer:

yuh :)

Explanation:

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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When the construction ends up costing more than initial projections, should the local government be responsible for paying the additional costs?

Answers

Whether the local government should be responsible for paying the additional costs when construction ends up costing more than initial projections is a complex question that depends on various factors and circumstances.

The responsibility for paying additional costs in construction projects that exceed initial projections can vary depending on several factors, including contractual agreements, project specifications, and legal regulations. In some cases, the local government may bear the responsibility for the additional costs, while in other situations, the burden may fall on the construction contractor or other parties involved.

The responsibility for cost overruns can be influenced by contractual terms and agreements between the local government and the construction contractor. If the contract includes provisions that hold the contractor liable for additional costs resulting from unforeseen circumstances or scope changes, the contractor may be responsible for covering the expenses. However, if the contract places the burden on the local government or if the cost overruns are due to factors beyond the contractor's control, such as unforeseen geological conditions or changes in regulatory requirements, the local government may need to assume the additional costs.

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If a company wants to ignore the salvage value in their depreciation calculations, which depreciation method should they use?.

Answers

If a company wants to ignore the salvage value in its depreciation calculations, the depreciation method should use a declining Balance.

An instance of Depreciation – If a transport truck is bought via way of means of an employer with a value of Rs. 100,000 and the anticipated utilization of the truck is five years, the commercial enterprise would possibly depreciate the asset beneath neath depreciation rate as Rs. 20,000 every 12 months for a length of five years.

Depreciation is the system of deducting the overall value of something high-priced you obtain in your commercial enterprise. Depreciation is a non-coins commercial enterprise rate this is allotted and calculated over the length that an asset is beneficial in your commercial enterprise. Every commercial enterprise can take gain from depreciation via way of means of deducting the rate of the use of up to a part of the price of an asset from taxable income.

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if the cost of the beginning work in process inventory is $63,000, direct materials cost is $353,000, direct labor cost is $219,000, and overhead cost is $322,000, and the ending work in process inventory is $58,000, calculate the cost of goods manufactured.

Answers

Cost of goods manufactured = Beginning WIP + Costs added - Ending WIP

= 56,000+346,000+212,000+315,000-51,000

=$878,000. Hence, option D is appropriate.

What is the WIP?

The terms "work in process,"(WIP) "work in progress," "goods in process," and "in-process inventory" all relate to the worth of an industry's partially finished goods that are awaiting completion and potential sales. WIP is a vital input for computing inventory on even a company's balance sheet and is utilized in supply chain management.

You would need to manually count each object and calculate the valuation to determine the WIP correctly. Fortunately, you can calculate a precise estimate using the work-in-process formula. The formula is: Ending WIP Inventory = Starting WIP Inventory + Manufacturing Costs - COGM.

Hence, option D is correct.

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Full Question:-

If the cost of the beginning work in process inventory is $56,000, direct materials cost is $346,000, Direct labor cost is $212,000, Overhead cost is $315,000, and the Ending work in process inventory is $51,000, Calculate the cost of goods manufactured:

a) $980,000.

b) $563,000.

c) $873,000.

d) $878,000.

e) $929,000.

Write one to two paragraphs explaining the importance of the seven marketing functions. Include examples to illustrate your points.

Answers

Answer: See explanation

Explanation:

The seven functions of marketing include:

1. Marketing Information Management: This helps an organization to understand what the customers need. Information can be gathered through the review of market research reports, social media, feedback from sales team.

2. Distribution: An organization's distribution strategy helps the customers to know where to get the product or the company. Marketing helps in the distribution of goods and services to ones customers.

3. Pricing: Pricing plays a role in the success of a particular product. Marketing helps one to be aware of the pricing strategy to use in order to have a competitive edge over ones rivals.

4. Product/Service Management: Marketing is vital for the development of a product as the information gotten from customers can be used to incorporate in new products.

5. Promotion: Through marketing, prospective customers can be made aware of a particular product through promotional activities.

6. Sale - Marketing aids sales as it brings about an increase in the volume of goods sold to the public and also on ways to improve the product through feedbacks.

7. Financing: Successful marketing gives revenue to a business and help in strengthening the loyalty of customers and help in gaining new customers.

shop its made by me clothing! 25% off every purchase for limited time!! shop now!

Answers

Ok I will shop there

Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.

Which type of document typically includes contract contingencies?Purchase and sale agreement.O Assignment

Answers

Answer:

A.

Explanation:

Which of the following statements about investing is TRUE?
1. Investing is a guaranteed way to make money.
2. Investing is best for short-term financial goals.
3. Investing is riskier than putting money in a savings accounts.
4. On average, putting money in a savings account earns a higher return than investing money in the stock market.

Answers

Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

Lucky has just inherited a rental house from his grandmother, which is great timing because he needed a place to live. the house has a tenant, so he can move in ________________.

Answers

Lucky has just inherited a rental house from his grandmother, which is great timing because he needed a place to live. the house has a tenant, so he can move in After the lease has ended and the tenant has moved out

This is further explained below.

What is the rental house?

Generally, Homes bought by an investor and leased to tenants under some other kind of rental arrangement are referred to as residential rental property.

In conclusion, Lucky's grandma just passed away, and as a result, he has inherited a rental property from her. This comes at an excellent time for Lucky, since he has been looking for a new home. Since there is already a renter in the residence, he is free to move in. After the term of the lease has expired and the tenant has left the premises

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How long on average did a unit of inventory sit on the shelf before it was sold?

Answers

On average, a unit of inventory sat on the shelf for 44.78 days before it was sold.

Ending Inventory = $482,700

Cost of goods sold = $3,934,005

Inventory Turnover Ratio = COGS / Ending Inventory = $3,934,005 / $482,700 = 8.15 times

Days' sales in Inventory = 365 / Inventory Turnover Ratio = 365/8.15 = 44.78 ~ 45 Days

What is inventory unit?

The inventory unit, commonly called a piece, is the littlest unit in which the thing can be referenced. This unit cannot be subdivided. Since all other units  can be part, an unsplit table unit is required for accurate description of stock levels.

While there are many sorts of stock, the four major ones are raw materials and components, work in advance, finished goods and support, repair and working supplies.

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During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders. True or false

Answers

During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders.  

The answer is false.

In this document, the term union leaders refer to individuals who are assigned, credentialed, and elected to a position of responsibility in carrying out activities on behalf of the union membership, whether employed by the represented firm or the union.

In the history of America's trade and labor unions, the most famous union remains the American Federation of Labor (AFL), founded in 1886 by Samuel Gompers.

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A stock is expected to pay the following dividends: $1.3 in 1 year, $1.5 in 2 years, and $1.8 in 3 years, followed by growth in the dividend of 6% per year forever after that point. The stock's required return is 13%. The stock's current price (Price at year 0) should be $____________.

Answers

$19.50.

The current price of the stock should be $19.50.

The formula for the dividend discount model is:

P0 = \(D1/(1+r)^1 + D2/(1+r)^2 + D3/(1+r)^3 + ... + Dn/(r-g)(1+r)^n\)
where P0 is the current price of the stock,

D1-Dn are the expected dividend payments in years 1 to n,

r is the required return on the stock, g is the expected growth rate of dividends, and

n is the number of periods for which dividends are expected to be paid.

In this question, we have three dividend payments in years 1 to 3, and then an infinite stream of dividends growing at a rate of 6% per year. Plugging in the given values, we get:

P0 = \(1.3/(1+0.13)^1 + 1.5/(1+0.13)^2 + 1.8/(1+0.13)^3 + (1.8*1.06)/(0.13-0.06)/(1+0.13)^3\)
P0 = $19.50



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seeking to end luke lea's hold on state government, what group composed of lea's enemies held public meetings throughout the state to expose his malfeasance and demand justice?

Answers

Answer: Public Emergency Comittees

Explanation:

Henry recently set up a retail store in his hometown. He studied the pattern that other storeowners followed in obtaining new customers. All their current customers had referred the store to their friends and family. Their awareness basically spread through word-of-mouth. Henry knew that his store offered the same quality as the other stores did. His store was also on the same street as the other retail stores. Given the setting, the other storeowners were already charging their customers the bare minimum in order to remain competitive. Which P of marketing should Henry concentrate on to distinguish his retail store?

Answers

Answer :

Promotion is the P of marketing Henry may focus on to differentiate his retail shop.

Explanation :

In marketing, there are seven (7) P's that make up the marketing mix. The four (4) most important P's in the marketing mix are P-product, P-price, and P-place. P-promotion According to the text, Henry cannot utilize the first P, which stands for product, because he is aware that his store offers the same quality as the others.

Henry can't utilize the second P, Price, as a marketing technique since he knows that other business owners are already charging the bare minimum to stay competitive. Henry can't utilize the third P, which stands for Place, because his business is on the same street as the other retail stores, and he can't improve on that. Henry's lone marketing tool for beating the competition is the fourth P, which stands for Promotion.

This is because word-of-mouth knowledge established by other business owners is insufficient to create widespread awareness; word-of-mouth can only reach friends and relatives. As a result, the P in marketing that Henry may use is Promotion. He may achieve this by creating global awareness through advertisements on television, radio, social media, printing handbills, and sales promotions such as lottery draws, festive sales, clearance discounts, and offering consumers bonuses such as the buy three, get one free promotion.


Mei starts a job with a $72,000 annual salary that is paid twice a
month. How much should she expect her gross pay to be on her
first paycheck?

Answers

$3000

Explanation:

just diveide the number by 24

What is the difference between marginal cost and marginal revenue? Marginal cost is the money earned from selling one more unit of a good. Marginal revenue is the money paid for producing one more unit of a good. Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good. Marginal cost is the money a producer might make from one more unit. Marginal revenue is the money a producer actually makes from one more unit. Marginal cost is the money a producer actually makes from one more unit. Marginal revenue is the money a producer might make from one more

Answers

Answer:

Marginal cost is the money paid for producing one more unit of a good. Marginal revenue is the money earned from selling one more unit of a good.

Explanation:

explain advertisement

Answers

Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.

in a market economy, when profits are falling, does that indicate an overallocation or an underallocation of resources?

Answers

In a market economy, when profits are falling, it can indicate either an overallocation or an underallocation of resources, depending on the specific circumstances.

If profits are falling due to an oversupply of goods or services, it may indicate an overallocation of resources. This means that more resources, such as labor or capital, are being used than necessary to produce a given amount of output.

On the other hand, falling profits can also indicate an underallocation of resources. This means that too few resources are being used to produce the desired amount of output. If demand for a good or service is high, but firms are not producing enough to meet that demand, they may be missing out on potential profits.

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Which one of the following types of products is not subject to inelastic demand? a. Status-symbol cars b. Gasoline c. Electricity d. Dining room furniture.

Answers

Answer:

D

Explanation:

dining room furniture

Describe a tidal force by sketching, writing, and calculating about the gravitational forces on a 10 km elongated spaceship orbiting a black hole of mass 1 x 1040 kg. The front of the ship points toward the black hole and is 1 km from the black hole. The front of the ship has a mass of 10,000 kg. The back of the ship also has a mass of 10,000 kg.

Answers

The tidal force experienced by the elongated spaceship orbiting the black hole is the difference in gravitational attraction across the length of the spacecraft.

The gravitational pull of the black hole is greater at the front of the ship, closer to the black hole, than at the back of the ship. This results in a stretching force perpendicular to the direction of the black hole.

The force is given by the formula F=GMm/L^3, where G is the gravitational constant, M is the black hole mass, m is the mass of the front or back of the ship, and L is the separation between them.

Plugging in the values, the force at the front and back of the ship would be 1.07 x 10^19 N and 9.89 x 10^18 N, respectively. This tidal force would be immense and could potentially lead to the spaceship being torn apart.

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Daphne works as the only salesperson in her aunt’s tax preparation business. Describe the selling process for a small business like this one, and how the steps of the sales process differ based on her situation.

Answers

Prospecting is the initial stage of the sales process. You locate potential clients in this stage and assess whether they require your good or service and whether they can afford what you have to offer.

What is the Selling process?

The series of actions a salesman takes to market a product is known as the selling process. The selling process is a full cycle that begins with customer identification and ends with contract closure. It applies more to business-to-business sales where the sales cycle is lengthier and may take longer to close. The selling process may be quicker and more sporadic in B2C.

Prospecting, pre-approach, approach, presentation, resolving objections, closure, and customer follow-up are just a few of the steps in the selling process.

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Sales process different in her situation because of the applying the applicable tax rate to the entire sales price yields the amount of tax owing on taxable sales.

what is tax?

a tax that is required to be paid to the state and is either added to the price of some products, services, and transactions or is imposed by the government on the income of employees and corporate earnings.

Fundamental method for nations to produce public revenues that enable them to support investments in human capital, infrastructure, and the provision of services for citizens and businesses is through the collection of taxes and levies.

Thus, Daphne's tax preparation is different from sales process steps.

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write a short sentence in the reason for classification column to show why you think each business is formal or informal.​

Answers

Reason for classification: The level of structure and organization can vary depending on the nature, size, and goals of the business.

What is the business?

Businesses can be formal or informal based on their organizational structure, level of legal compliance, and the degree of professionalism they maintain in their operations.

Therefore, Businesses can be classified as formal or informal based on various factors. Formal businesses are structured and organized, with a clear hierarchy and defined roles and responsibilities. They typically adhere to legal and regulatory requirements and have established policies and procedures in place. Formal businesses often have a professional image, with a focus on maintaining high levels of customer service and quality.

On the other hand, informal businesses are typically less structured and may not have a clear organizational hierarchy.

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Grace wants to auction her livestock without taking them to a terminal market. What method will she MOST likely use?

vertical integration

a commodity exchange

telemarketing

video merchandising

Answers

If Grace wants to auction her livestock without taking them to a terminal market, she would have to use the telemarketing. Option C

What is telemarketing?

Telemarketing is a form of direct marketing in which a salesperson calls potential consumers and asks them to make a purchase of goods or services. This can be done over the phone, during a scheduled in-person or web conference meeting, or even in person after the call.

The company uses telemarketing to not only create leads and sales, but also to effectively stay in touch with clients who frequently offer feedback on the company's goods and services. This enables the company to accept helpful criticism and enhance its offerings.

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A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).

Answers

Answer:

Comedy as a Profession is a great example.

Explanation:

The science of it is related to the psychology of what makes people laugh.

If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.

To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.

A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.

As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.

There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.

Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.

Cheers!

in the united states in 2014 real gdp per person was about $56,000, while in some poor countries real gdp per person was less than $5,000. a. true b. false

Answers

In some poor countries real GDP per person was less than $5,000 true .

What is the difference between nominal GDP and real GDP ?

Based on the price of the same-year commodities and services, nominal GDP measures the monetary worth of all things and services produced inside a nation's internal borders. Nominal GDP is the Gross Domestic Product (GDP) that excludes the effects of inflation. A nation's nominal GDP is calculated using current-year pricing for goods and services.

Real GDP measures the monetary worth of all products and services generated within a nation's internal borders using the base year's prices for goods and services. Real GDP is a nation's GDP that has been corrected for inflation. Baseline year prices or constant prices of goods and services are used to express a country's real GDP.

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jacob was recently looking at his company's organization chart in an attempt to discover who reports to whom. jacob is studying his organization's:

Answers

Jacob was recently trying to figure out who reports to whom in his firm by looking at the organisational structure. Jacob is researching the line of command inside his company.

What function does the chain of command serve?

The chain of command in a company determines who and when personnel should report to whom from the bottom to the top. Decision-making authority, accountability, and lines of authority are all made possible.

According to the chain of command, a person has more power, authority, and influence the higher up in the organisation they are. The chain of command is divided into four levels: the top management, the middle managers, the lower managers, and the rank and file.

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Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured

Answers

Answer:

A. Passionate

Explanation:

Hope this helps

Answer: independence

Explanation:

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