list and explain widely used improvement strategies. describe a case where you can apply six sigma concept in improvement process.
Answers
There are Four (4) main improvement strategies that are commonly used in various organizations and industries. Some examples of these strategies include:
Lean: This approach focuses on maximizing value and minimizing waste in processes and systems. The goal is to streamline processes, eliminate unnecessary steps, and increase efficiency and effectiveness.Six Sigma: This methodology uses data and statistical analysis to identify and eliminate sources of variability and defects in processes. The goal is to achieve near-perfection in quality by reducing the number of defects to 3.4 defects per million opportunities or less.Total Quality Management (TQM): This approach emphasizes the importance of quality in all aspects of an organization's operations. It involves involving all employees in the pursuit of continuous improvement and striving for customer satisfaction.Continuous Improvement: This strategy involves ongoing, incremental improvements to processes, systems, and products. The goal is to make small, steady improvements over time in order to drive long-term success and competitiveness.In a case where you can apply the Six Sigma concept in an improvement process, you could use the methodology to identify and eliminate sources of variability and defects in a production process. For example, if a company is manufacturing a product and experiencing high levels of defects, it could use Six Sigma tools and techniques to analyze the process, identify the causes of the defects, and implement solutions to reduce or eliminate the defects. This could result in improved quality, increased efficiency, and reduced costs for the company.
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Related Questions
The practice of employees being brand promoters is called __________________________________.
a. employee potential
b. employee advocacy
c. employee empowerment
d. employee promotion
Answers
Answer:
I'm pretty sure it's employee advocacy.
The widespread financial insecurity of Americans is primarily because:
O D) The saving rate of Americans is low and many borrow in order to spend more
than they earn
O C) Most Americans save a high proportion of their income
OB) Government programs are unavailable to help people when they are disabled
or experience unemployment
O A) The incomes of Americans are low
Answers
Answer:D
Explanation:
The saving rate is low due to low incomes and spending habits.
The widespread financial insecurity of Americans is primarily because the saving rate of Americans is low and many borrow in order to spend more than they earn.
Financial insecurity in America can be attributed to various factors. One significant factor is the low saving rate and the tendency of Americans to borrow beyond their means. This leads to a situation where individuals spend more than they earn, accumulating debt and limiting their financial stability. Another contributing factor is the availability, or lack thereof, of government programs to assist individuals during times of unemployment or disability.
If such programs are limited or inaccessible, it can exacerbate financial insecurity. While the incomes of Americans can certainly impact financial stability, it is important to note that financial insecurity is influenced by multiple factors and cannot be solely attributed to low incomes.
Hence the correct option is (d).
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Government influence at local regional national and European levels
Answers
Based on the sociopolitical analysis, the government influence at local, regional, national, and European levels is significant for the development of the nations involved from the micro level to the macro level.
What is Government Influence?Government Influence is a term that is used to describe government policies, and laws, which are established to regulate the affairs of the people, organizations, economic decisions, political outcomes, and other sociological situations.
Government influence, at the local level, starts with different wards and local councils, including the Mayor and the councilmen.Government influence at state levels involved the laws and regulations made by the state, which is headed by the Governor and the State Assembly.Government influence at the national level is usually headed by the President, together with the legislative to make policies and laws that govern people in all the sectors of the economy, including the military.Government influence at the European level is based on alliance and voluntary participation whereby the mode of operation is inclusive for every nation involved.Hence, in this case, it is concluded that Government influence is vital in any society.
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(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.
Answers
Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Explanation:
:)
Brainstorming is only effective when done
a.
In groups
b.
By yourself
C.
In a respectful atmosphere
d.
In a limited amount of time
Answers
Answer:
In groups
Explanation:
Brainstorming is a problem-solving technique where members of a group are encouraged to contribute ideas that could solve the problem at hand. There are right or wrong proposals. Every suggestion is discussed extensively.
Brainstorming allows for deliberations on diverse possible solutions to a problem. The idea that is acceptable by all members is considered the group's decision.
Answer:
answer is a
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Project Part 1B: Gap Analysis Plan and Risk Assessment Methodology: Students will create a gap analysis plan. They will also review two risk assessment methodologies and recommend one the company should use to perform a risk assessment
Scenario
After the productive team meeting, Fullsoft’s chief technology officer (CTO) wants further analysis performed and a high-level plan created to mitigate future risks, threats, and vulnerabilities. As part of this request, you and your team members will create a plan for performing a gap analysis, and then research and select an appropriate risk assessment methodology to be used for future reviews of the Fullsoft IT environment.
An IT gap analysis may be a formal investigation or an informal survey of an organization's overall IT security. The first step of a gap analysis is to compose clear objectives and goals concerning an organization's IT security. For each objective or goal, the person performing the analysis must gather information about the environment, determine the present status, and identify what must be changed to achieve goals. The analysis most often reveals gaps in security between "where you are" and "where you want to be."
Two popular risk assessment methodologies are NIST SP 800-30 revision 1, Guide for Conducting Risk Assessments, and Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE). Your focus will be on the OCTAVE Allegro version, which is a more concise version of OCTAVE. When reviewing the methodologies, consider the following:
Which features or factors of each methodology are most important and relevant to Fullsoft?
Which methodology is easier to follow?
Which methodology appears to require fewer resources, such as time and staff, but still provides for a thorough assessment?
Tasks:
Create a high-level plan to perform a gap analysis.
Review the following two risk assessment methodologies:
NIST SP 800-30 rev. 1, Guide for Conducting Risk Assessments (formerly titled " Risk Management Guide for Information Technology Systems")
Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), Allegro version
Create a report that includes the gap analysis plan, a brief description of each risk assessment methodology, a recommendation for which methodology Fullsoft should follow, and a justification for your choice
Answers
A gap analysis plan is the formal process of evaluating the differences in performance or functionality between existing systems and desired systems or results. Based on the analysis, we recommend that Fullsoft use the OCTAVE Allegro methodology for its risk assessment.
Gap analysis plan:
A gap analysis plan is the formal process of evaluating the differences in performance or functionality between existing systems and desired systems or results. In order to conduct a gap analysis, clear objectives and goals must be established to identify what needs to be changed to achieve these goals. By performing a gap analysis, Fullsoft can identify gaps in security between "where you are" and "where you want to be" and develop strategies to mitigate these risks.
Risk assessment methodologies:
Two risk assessment methodologies that Fullsoft can use to evaluate its IT environment are NIST SP 800-30 revision 1, Guide for Conducting Risk Assessments, and Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE) Allegro version. While both methodologies are designed to help organizations identify potential risks, they have different strengths and weaknesses.
NIST SP 800-30 rev. 1:
This methodology focuses on identifying and analyzing threats, vulnerabilities, and potential impacts to an organization's information and information systems. This methodology is more complex, requiring a longer assessment period and more resources to complete. However, it provides a comprehensive overview of potential risks.
OCTAVE Allegro:
This methodology is designed to help organizations identify potential risks to their information and information systems. It is a more concise version of the original OCTAVE methodology, requiring fewer resources to complete. This methodology is more straightforward and easier to follow than NIST SP 800-30 revision 1.
Recommendation:
Based on the analysis, we recommend that Fullsoft use the OCTAVE Allegro methodology for its risk assessment. This methodology is more straightforward and easier to follow, requiring fewer resources to complete. While it may not provide as comprehensive an assessment as the NIST SP 800-30 revision 1 methodology, it is still thorough enough to identify potential risks to Fullsoft's IT environment.
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Which of the following is a type of sales promotion?
Free Samples
All of these
Coupons
Customer Loyalty Programs
Answers
Free Samples, Coupons, and Customer Loyalty Programs are the types of sales promotion. All of the above is the correct option. The correct option is B.
Free samples increase the possibility of future sales by enabling consumers to test a product before making a purchase.
Coupons encourage consumers to make purchases and may draw in new clients by providing discounts or special offers on goods or services.
Customers that use loyalty programs frequently receive points, awards, or special deals in exchange for their continued business. These initiatives try to keep current clients and promote reordering.
Thus, the ideal selection is option B.
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A student will decide to attend class when
A. The Marginal Cost in low
B. The Marginal Benefit of attending exceeds the marginal cost of attending
C. There is an attendance policy
D. The Marginal Benefit is positive
Answers
A student will decide to attend class when there is an attendance policy. Thus, option (c) is correct.
What is policy?The term policy refers to are the rules are the described in the details are the mention. The policy are the making follow to the country and the employees of the company. The policy are the making the company of the solving the issues.
A student was the decided to regularly attend lectures or classes was the main motive to fulfill the attendance policy. The attendance was the necessary to appear in the exam. An attendance was the help to gain good marks in the exams. An attendance policy was the best policy.
As a result, the student will decide to attend class when there is an attendance policy. Therefore, option (c) is correct.
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your broker has recommended that you purchase stock in zzz-best, inc. she estimates that the 1-year target price is $70, and zzz-best consistently pays an annual dividend of $8. based on your analysis, you estimate that the stock has a required rate of 18%. what is the intrinsic value of this stock?
Answers
You predict the stock will return 18% on the basis of the study. The intrinsic value of this stock is $66.10.
A measure of an investment's value based on its cash flows is its intrinsic value. In contrast to market value, which indicates the amount buyers are prepared to pay for an item, intrinsic value illustrates the asset's value based on an examination of its actual financial performance.
Here future price of stock F = $70
dividend D = $8
Required rate r = 18%
time t = 1
Intrinsic Value S =?
Required Rate r = (F + D - S)/S
18% = (70 + 8 - S)/S
0.18 × S = 78 - S
1.18S = 78
S = 78/1.18
S = $66.10
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similarities between local market and national market
Answers
Adapting the Four P’s of Marketing for a Local or National
Product: According to MindTools, the product or service needs to satisfy customers’ specific needs. If you have a bakery, for example, you can focus your products to meet a specific customer requirement, like gluten-free products. On a local level, your messaging can include your local ingredients and the local experts who craft the baked goods. On a national level, you may want to talk about the success of the franchise in creating consistently delicious products from family recipes.
Place: The place is where you sell the products. On a local level, this may include your brick-and-mortar store and an e-commerce website. On a national level, this can include your e-commerce website or franchise locations.
Price: How much your customers are willing to pay for your products may differ based on geography. For example, customers in a big city may be willing to pay more for products compared to those living in a suburb or rural area.
Promotion: This is the method of sharing your messaging with your customers. It can include advertising, personal selling, sales promotion, direct marketing and public relations. Regardless of whether you’re taking a local or national approach, it’s vital to look at the competition to ensure your messaging stands out. Timing of the promotion is also key, as certain geographic locations may be more seasonally focused than others. For example, promoting bathing suits in January in New York may be more challenging than promoting them in July
What is fiat money and why does it have value?
Answers
How can you tell if a guy doesnt put the effort in being with you anymore, its online and long distant cause he lives 8 hours away from me and were both 17 have already experienced heartbreak, it was great and fun at first and he was so shy and loving and wanted to meet but now he’s dodging to see eachother and every night we call before we both go to bed and sleep while on call but after my mother passed away June 29th hes been distant and mostly plays his game Smite idk if he’s serious about me i mean he tells me he loves me and ofc i love him back hes my entire world in my mind, im always very wholesome with him he says but when i ask how he feels he says he doesnt know and i dont show it to him but that kinda hurts when the guy doesnt know... anyway if you have any advice please tell me im desperate and i cant seem to keep my feelings from leaking out and it just hurts i dont wanna tell him cause then he will be upset and i dont want that..
Answers
Answer:
his body language would change around you and when a guy says he doesnt know means he doesnt know hes processing about how he really feels about you.
Which of the following lists the primary ebusiness revenue models? The primary ebusiness revenue models include advertising fees, license fees, subsection fees, transaction fees, value-added service fees as detailed in the figure. Which of the following lists the categories for ebusiness models?
Answers
The categories for e-business models include business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B).
E-business models define the strategies and approaches that companies use to generate revenue and conduct business online. These models can be categorized based on the types of transactions and interactions involved. The primary categories for e-business models are:
Business-to-Business (B2B): This model involves transactions and interactions between businesses. Companies in this category primarily focus on providing products or services to other businesses. B2B e-commerce platforms often facilitate bulk purchases, supply chain management, and business partnerships.
Business-to-Consumer (B2C): In the B2C model, companies sell products or services directly to individual consumers. This category encompasses most online retail platforms where companies market and sell their products or services to end-users.
Consumer-to-Consumer (C2C): The C2C model involves direct transactions between individual consumers. Online marketplaces and platforms that enable individuals to buy and sell goods or services to other individuals fall under this category. Examples include online classifieds, peer-to-peer sharing platforms, and auction websites.
Consumer-to-Business (C2B): In the C2B model, consumers offer products or services to businesses. This can include freelancers, consultants, or individuals providing specialized services to companies. C2B models often involve platforms where individuals can showcase their skills or expertise and businesses can hire them.
Understanding these categories helps businesses identify the most relevant revenue models and tailor their strategies accordingly. Within each category, various revenue models can be implemented, such as advertising fees, subscription fees, transaction fees, or value-added service fees, depending on the specific business and its offerings.
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If the price elasticity of demand is >1 in absolute value, a decrease in price total revenue.
(a) decreases
(b) increases
Answers
When the price elasticity of demand is greater than 1 in absolute value, it means that the quantity demanded is highly responsive to changes in price. Therefore, a decrease in price will lead to a proportionally greater increase in the quantity demanded. This increase in quantity demanded will more than offset the decrease in price, resulting in an overall increase in total revenue.
In other words, the price cut will attract more customers who are willing to buy more units of the product at the new lower price, leading to an increase in revenue. Overall, it is important for businesses to understand the concept of price elasticity of demand as it can impact their pricing strategy and revenue generation. This concept can be explained in more detail in three paragraphs, which I will be happy to provide upon request.The correct answer is (b) increases.
When the price elasticity of demand is >1 in absolute value, it indicates that the demand for a good or service is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price. In such cases, a decrease in price leads to a proportionally larger increase in the quantity demanded.
As a result, total revenue will increase. This is because the increase in the quantity demanded compensates for the lower price, causing the overall revenue to rise. In other words, the additional sales generated from the lower price outweigh the reduced revenue per unit.
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what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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When more firms produce the same product, it means that
of that product is produced at a
quality
Answers
Answer:
pure competition
Explanation:
pure competition, is the simplest market structure because a large number of firms produce basically the same product at the same price, restricting the decisions and influence they have on the market. hope it helps
When firms produce the same product also with the same quality and price, it is signified as pure competition.
What is pure competition?Pure competition is a term that describes a market that has a broad range of competitors who are selling the same products. There are a large number of sellers of a product which cannot be differentiated. Therefore, no single firm can have a significant influence on price. Other prevailing conditions are ease of entry of new firms into the market and perfect market information.The best examples of a purely competitive market are agricultural products, such as corn, wheat, and soybeans.
Therefore, pure competition is the correct answer.
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Say IAM YOUR BOSS THEN I WILL GIVE YOU BRAINLIEST AND 100 POINTS ADD ME AS YOUR FRIEND
Answers
Answer:
im your boss
Explanation:
Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investment is 13.25%. At what price would Michael be indifferent to buying or not buying the investment? Round off to the nearest $1.
Select one:
a.
$170,877
b.
$93,962
c.
$83,470
d.
$121,709
Answers
Answer:
$266,667.
Explanation:
P / (r-g) = Periodic payment / Interest rate - Growth rate
= 24,000 / (0.12 - 0.03)
= 24,000 / 0.09
= $266,667on:
i think thats it if i am wrong i am very sorry tellme if i am right or wrong.
how can the government promote industrial development in south africa?
Answers
Answer:
The growth center concept has formed the cornerstone of industrial development policy in South Africa since apartheid was introduced as a constitutional model in 1948. This paper attempts to recapture the evolutionary development of industrial policy in South Africa and to underline prominent deficiencies in present industrial development policy. South African industrial policy continues the segregation practices of the past, despite the government's repeated statements in recent years that it intends to move away from the concept of apartheid. Guidelines for a revision in industrial development thinking based on sound economic principles rather than concealed political practices are suggested for the country.
When the United States spends money on education, does this cause the nation's GDP to grow or decline?
Answers
Answer:
the gdp of the united states stays the same because the money the put into it is the tax payers money
Explanation:
________ stocks were responsible for the huge increase in stock prices in the period between 1982 and 2000. Group of answer choices Technology Manufacturing Clothing Automobile Banking
Answers
Technology stocks were responsible for the huge increase in stock prices in the period between 1982 and 2000
Technology stocks are all stocks related to the tech sector, from semiconductor manufacturers to software vendors. Tech stocks are often leading indicators of the economy and stock markets.
The price goes up when many people want to buy (demand) rather than sell (supply) shares. Conversely, if more people want to sell than buy stock, supply will be higher than demand and prices will fall. It's easy to understand supply and demand.
The best tech stock to buy according to Billionaire KenGriffin
Advanced Micro Devices, Inc. (NASDAQ: AMD) ...Broadcom Inc. (NASDAQ: AVGO) ...Uber Technologies, Inc. （NYSE：UBER）Visa Inc.（NYSE：V）...Tesla、Inc.（NASDAQ：TSLA）Learn more about technology stocks here:https://brainly.com/question/23034218
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Concrete terms can never be used in an abstract or symbolic way.
Please select the best answer from the choices provided
Answers
Answer:
The statement is FALSE.
Explanation:
Concrete terms are referred to those objects and events that are available to the five senses of human. However, these terms can be used in an abstract or symbolic way. A word is concrete in a specific context, but becomes a symbol of an abstract idea in a different context depending on the author's intent. This is possible because that symbol is not used in a literal meaning, but is used to represent an idea which usually means something else. Henche the given statement is wrong.
Answer:
False
Explanation:
I just took the test
definition of the term small business
Answers
Answer:
make me brainalist and keep smiling dudeExplanation:
Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.Larry works 60 hours a week as a valet. If full-time employment is considered 40 hours per week, how many hours of overtime does Larry work?
Answers
Answer:
20 hours overtime
Explanation:
If Larry works 60 hours, take 40 hours out of that to get 20 hours which would be how much he works overtime.
Which of the following refers to a contract between the exporter and shipper that specifies merchandise destination and shipping costs?
A) sight draft
B) bill of lading
C) letter of credit
D) bill of exchange
Answers
The correct answer is B. A bill of lading refers to a contract between the exporter and shipper that outlines the destination of the merchandise and the associated shipping costs.
A bill of lading is a crucial document in international trade that serves as evidence of a contract between the exporter (seller) and the shipper (carrier). It specifies the terms and conditions of transportation, including the destination of the goods and the costs associated with shipping.
The bill of lading acts as a receipt for the merchandise, indicating that it has been received by the carrier for shipment. It also serves as a document of title, allowing the buyer to claim the goods upon arrival.
Additionally, the bill of lading may include details about the nature of the goods, their quantity, and any special instructions for handling or delivery. Overall, the bill of lading is essential for ensuring a smooth and well-documented process of shipping goods internationally.
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Please help me to answer any of these questions! Thank you!
Answers
The relationship between age and credit scores appears to be negative, meaning that as age increases, credit scores tend to decrease. This could be because younger people have less credit history and fewer opportunities to establish credit, while older people may have more debt or negative marks on their credit report due to past financial decisions. Other factors that could help explain this relationship include income level, employment status, and financial education.
What is the relationship between age and credit scores?Generally, One possible reason for the rise in the percentage of people with scores of 620 or less in the 30-39 age group could be that this is a time in life when people are more likely to take on significant debt, such as a mortgage or car loan, while also juggling other financial responsibilities like childcare and saving for retirement. This can lead to higher credit utilization rates and a higher risk of missed or late payments, which can lower credit scores.
Despite some variation in credit scores across age groups, the data from the graph suggests that people from all age groups have room for improvement when it comes to credit management. For example, even among the 50 and older age group, where the percentage of people with scores of 620 or less is relatively low, more than a quarter of people still have scores that fall into this range. This highlights the importance of ongoing financial education and responsible credit management practices for people of all ages.
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According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.
Answers
Vitale Hair Spray had sales of 13,000 units in March. A 70 percent increase is expected in April. The company will maintain 30 percent of expected unit sales for April in ending inventory. Beginning inventory for April was 650 units.
Answers
The units to be purchased in April by Vitale Hair Spray should be 28,080 units.
These units to be purchased by Vitale Hair Spray are computed as follows:
Sales units in March = 13,000 units
Expected increase in Sales units in April = 70%
Therefore, Sales units in April = 22,100 (13,000 x 1.7)
Ending Inventory for April = 30% of expected April Sales
= 6,630 units (22,100 x 30%)
Purchases = Ending Inventory + Expected April Sales - Beginning Inventory = 28,080 units (6,630 + 22,100 - 650)
Thus, the units to be purchased are the sum of Expected April Sales and Ending Inventory Less Beginning Inventory.
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