8. A manager is trying to decide whether to purchase a certain part or to have it produced internally.
Internal production could use either of two processes. One would entail a variable cost of $17 per
unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit
and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has
a price of $20 per unit for any volume up to 30,000 units. Vendor B has a price of $22 per unit for
Chapter Five Strategic Capacity Planning for Products and Services
demand of 1,000 units or less, and $18 per unit for larger quantities. Vendor C offers a price of
$21 per unit for the first 1,000 units, and $19 per unit for additional units.
a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best
from a cost standpoint? For 20,000 units, which alternative would be best?
b. Determine the range for which each alternative is best. Are there any alternatives that are never
best? Which?
217

Answers

Answer 1

Vendor B exists still the lowest so they exists the best from an overall cost standpoint. The best alternative is going to be vendor B because it is the lowest in both calculations.

How to find the cost standpoint?

The best alternative is going to be vendor B because it is the lowest in both calculations.

First of all, we would calculate 10,000 Units

The Total cost here = Fixed cost + Variable cost

Total Cost for Int1:

200,000 + 17 × 10000 = 200,000 + 170,000 = 370000

Total Cost for Int 1:

240,000 + 14 × 10000 = 240000 + 140000 = 380000

Total Cost for Vendor A:

20 × 10000 = 200000

Total Cost for Vendor B:

18 × 10000 = 180,000

Total Cost for Vendor C:

21 × 1000 + 19 × 9000 = 192000

We can see that Vendor B is the lowest. It is best from an overall cost standpoint

Secondly, we have to calculate for 20000 units

The Total cost = Fixed cost + Variable cost

Total cost for Int1:

200,000 + 17 × 20000 = 200,000 + 340,000 = 540000

Total cost for Int 1:

240,000 + 14 × 20000 = 240000 + 280000 = 520000

Total Cost for Vendor A:

20 × 20000 = 400000

Total Cost for Vendor B:

18 × 20000 = 360,000

Total cost for Vendor C:

21 × 1000+19 × 19000=382000

Vendor B exists still the lowest so they exists the best from an overall cost standpoint.

The complete question is:

A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could use either of two processes. One would entail a variable cost of $17 per unit and an annual fixed cost of $200,000; the other would entail a variable cost of $14 per unit and an annual fixed cost of $240,000. Three vendors are willing to provide the part. Vendor A has a price of $20 per unit for any volume up to its maximum capacity of 30,000 units. Vendor B has a price of $22 per unit for demand less than 1,000 units and $18 per unit for larger quantities. Vendor C offers a price of $21 per unit for the first 1,000 units and $19 per unit for additional units.

a. If the manager anticipates an annual volume of 10,000 units, which alternative would be best from a cost standpoint? For 20,000 units, which alternative would be best? (Omit the "$" sign in your response.)

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Related Questions

You overhear your dad complaining about how the stock market went down 30 points over the past week. Would you consider this a bull or bear market? Explain why.

Answers

Answer:

A bull market

Explanation:

A bull market is loosely defined as a persistently sloping upward line. During a bull market, market confidence is high and investors are eager to buy stocks with the hopes that their stocks will grow in value. But during a bear market, it’s quite the opposite. Investors want to sell their stocks because of fear and anxiety that the market will crash.

You overhear your dad complaining about how the stock market went down, this will consider a bull market.

What is stock?

A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as stockholder or shareholder and liable for some dividend.

When the prices of securities are increasing or are expected to rise it is indicated as a bull market occurs. The word "bull market" refers to a situation in which the overall market is performing well and investors are bullish about the future.

Bull markets can endure for months or even years, depending on factors such as economic conditions, company success, and investor sentiment.

All markets have ups and downs throughout time, and there's always a danger of losing money when you invest in the stock market, It's crucial to remember that.

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The unemployment rate is calculated by taking the number of unemployed people and dividing it by the working labor force. What is the unemployment rate if the labor force is 780 people and 290 are unemployed?
A. 55.6%
B. 41.4%
C. 37.2%

Answers

Answer:

C aka 37.2%

Explanation:

290÷780=0.371.....

0.371..... × 100 = 37.179.....

when rounded = 37%

A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651. Does this information disagree with the United Nations report? Apply the 0.01 significance level.

a. State the null hypothesis and the alternate hypothesis.



b. State the decision rule for 0.01 significance level. (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal places.)



c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)



d. Does this information disagree with the United Nations report?

Answers

A United Nations report shows the mean family income for Mexican migrants to the United States is $27,300 per year. A FLOC (Farm Labor Organizing Committee) evaluation of 20 Mexican family units reveals a mean to be $28,500 with a sample standard deviation of $9,651.

stated mean is 27,300 per year.

sample of 20 family units reveals a mean of 28,500 with a sample standard deviation of 9,651.

sample standard error = standard deviation of sample divided by square root of sample size.

sample standard error = 9,651 / sqrt(20) = 2158.029205.

since standard deviation is from sample rather than from population, use t-score rather than z-score.

degrees of freedom is equal to sample size minus 1 = 20 - 1 = 19.

t-score = (sample mean minus assumed population mean) / standard error.

t-score = (28,500 - 27,300) / 2158.029205 = .5560629102

alpha for .01 significance level for two sided distribution is the same as .005 significance level for one sided distribution.

if using t-score tables, you would look for critical t-score of .01 for two sided distribution or critical t-score of .005 for one sided distribution.

either one is for 19 degrees of freedom.

using the ti-84 plus scientific calculator, i looked for critical t-score of.005, since the calculator assumed one sided distribution table.

critical t-score is between -2.86 and 2.86 according to TI-84 Plus.

critical t-score table confirms this value is true at .01 alpha for two tailed distribution and at .005 alpha for 1 tailed distribution.

i'm reasonably certain this is accurate.

since the t-score is .5560629102, it is well within the confidence interval limits.

you would therefore reject the alternate hypothesis becauwse the results of the tewt are not significant.

they are significant if outside the limits and not significant if inside the limits.

your alternate hypothesis is that the scores are not equal to the assumed mean.

your null hypothesis is that they are equal to the assumed mean.

since the t-score is well within the confidence limits, this mean that the sample mean is most likely different from the assumed population mean due to random variation in sample means of size 20.

in order for you to reject the null hypothesis, the t-score would have had to be either less than -2.86 or greater than 2.86.

then you could have considered that the sample means difference from the assumed population mean would not have been likely to chance variations at the .01 significance level.

you can assume that the data does not contradict the report.

that means you aqcept H0.

in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?

a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above

Answers

Answer: A perfectly competitive firm

Explanation:

One of the disadvantages of global joint ventures is that, unlike licensing and franchising, they do not help companies to avoid tariff and nontariff barriers to entry.

a. True
b. False

Answers

"One of the disadvantages of global joint ventures is that, unlike licensing and franchising, they do not help companies to avoid tariff and nontariff barriers to entry." This statement is False.

Franchising is grounded on a marketing conception that can be espoused by an association as a strategy for business expansion.

Franchising is a type of agreement that entails reproducing a successful business model across multiple locales. As the business proprietor and franchisor, you would produce a ballot agreement to begin the process and move toward opening a new franchise

.Franchising is a business relationship between two realities wherein one party allows another to vend its products and intellectual property. For illustration, several fast food chains like Domino's and Mcdonald's operate in India through franchising.

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Use the supply and demand schedules below to answer the following questions:
a. What is the market equilibrium price and quantity?
MEP:
MEQ:
b. What is the market price if there is a shortage of 30 units?
$__
c. At a price of $20, the market experiences a _____ (shortage/surplus) of _____ units

Answers

a. The market equilibrium price is $15.

The market equilibrium quantity is 70.

b. The market price if there is a shortage of 30 units is $10.

c. At a price of $20, the market experiences a surplus of $30.

What is equilibrium price?

The equilibrium price simply means the price at which the quantity that's demanded and the quantity that's supplied are equal.

It should be noted that a shortage occurs when the quantity that's demanded is less than the quantity that supplied. In this case, there's a shortage of 30 units when the price is $10. The quantity demanded is 85 units and the quantity supplied is 55 units.

Also a surplus occurs when the quantity that's supplied is more than the quantity that's demanded.

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When selecting a savings account, you should consider the interest threshold.
O True
O False

Answers

True. You should consider the interest threshold while selecting a savings account.

Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.

The other criteria that need to be taken into account while choosing a savings account are:

fees and penaltieslowest balanceinterest rates and interest capsfluctuating interest rates(APY) annual percentage yield(APR)  

Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.

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at which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate? how do you know?

Answers

The total utility is increasing at a decreasing rate.

As we consume more and more of the same good , utility from that good goes on decreasing. This phenomena shows us that total utility will increase but at a decreasing rate. Total utility is the total amount of satisfaction or fulfillment a consumer experiences as a result of using a particular good or service. Marginal utility, or the satisfaction a consumer has from consuming one more unit of an item or service, is sometimes contrasted with total utility. The law of diminishing marginal utility states that overall utility increases at a decreasing rate as marginal utility declines. The slope of the total utility curve is determined by marginal utility, which is the rate of change in total utility.

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Difference between financial and managerial accounting?

Answers

The main difference between financial and managerial accounting is that financial accounting is done for external stakeholders and managerial accounting is done for internal stakeholders.

How are financial and managerial accounting different?

Financial accounting is often made for the use of the external stakeholders of a company including the public, the government, and analysts and investors. As a result, it has to follow the recommended accounting principles.

Managerial accounting on the other hand, is done for the benefit of internal stakeholders like management. It is used to make decisions on operations. It therefore does not need to follow generally recommended accounting principles which makes it different from financial accounting.

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an audit should be designed to obtain reasonable assurance of detecting material misstatements due to:

Answers

An audit should be designed to obtain reasonable assurance of detecting material misstatements due to fraud, infractions of the law, and mistakes that have a direct impact on the financial statement amounts.

The audit should be planned by the auditors to provide them a reasonable certainty that they will find any major misstatements brought on by failure to comply with a contract or grant agreement clauses that directly and materially affect the amounts reported in the financial statements.

The purpose of an audit should be to provide a fair level of certainty that fraud and major errors in the financial statements will be found. Although an auditor shouldn't assume that management is dishonest, it must be taken into account that it might be the case.

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From the following list, identify those that are likely to serve as source documents. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Sales ticket
Trial balance
Balance sheet
Telephone bill
Invoice from supplier
Company revenue account
Income statement
Bank statement
Prepaid insurance

Answers

From the following list, these are likely to serve as source documents.

Sales ticketsTelephone billinvoice from supplierBank statement

A document is a written, drawn, presented, or memorialized illustration of thought, regularly the manifestation of non-fictional, in addition to fictional, content material. The word originates from the Latin Documentum, which denotes a "coaching" or "lesson": the verb doceō denotes "to teach".

In each subject, it is critical to decrease as a good deal hazard as feasible. Documentation is a amazing tool in protective in opposition to proceedings and complaints. Documentation assist ensure consent and expectancies. It allows to tell the narrative for selections made, and how your self or the patron replied to exceptional conditions.

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if you need to withdraw your investment money in two years, you should probably invest in: multiple choice stocks. mutual funds. certificates of deposits. long-term government bonds. long-term corporate bonds.

Answers

Should you wish to withdraw your investment money from the investment in two years, the best thing you should probably invest in is certificates of deposits.

What is a certificates of deposit?

A certificates of deposit is a type of investment vehicle that is offered by banks and other types of financial institutions. It is a type of savings account which ensures that people are able to save their money with better interest rates for a fixed period of time. The reason the rates are higher on certificates of deposits is because they are not to be touched in the fixed period and therefore can be used by the bank for investments.

Certificates of deposits are usually intermediate term in nature because they offer fixed periods of a year, two years, and even five years. This means that if you want to be able to withdraw your money after two years, you should most probably invest in certificates of deposits.

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Suppose three companies, Optimax, Protade, and Electrodrink, dominate the sports drink market. Optimax enjoys the largest market share. Protade, dissatisfied with its market share, begins offering its sports drink in a new container that, according to Protade, keeps the drink colder for a longer period of time.
This is an example of:

Answers

Answer:

Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax enjoys the largest market share. Megachug dissatisfied with its market share, begins offering its sports drink in a new container that, according to Megachug, keeps the beverage colder for a longer period of time. This is an example of: Non-price competition Price leadership A price war

Explanation:

I hope this may help you

Which of the following statements about capital structure are correct? Select ALL correct answers.

Answers

Having too little debt may increase the risk of default in repayment, this statements about capital structure is correct.

A company's capital structure is the specific mix of debt and equity it uses to fund both its general operations and expansion.  A company's capital structure may include a combination of common stock, preferred stock, risk, long-term debt, and short-term debt. When examining a company's capital structure, the ratio of short-term to long-term debt is taken into account.

Analysts frequently refer to a company's debt-to-equity (D/E) ratio, which sheds light on how dangerous its borrowing practises are, when discussing capital structure. A corporation with a significant debt load typically has a more aggressive capital structure, which increases the risk to investors. But this risk can be the main driver of the company's expansion.

The complete question is, "Which of the following statements about capital structure are correct? Select ALL correct answers

Having too little debt may increase the risk of default in repaymentA company should always finance its business using as much debt as possible in order to optimize the capital structureHaving too much equity may dilute earnings and the value of the original investorsA company needs to consider the current economic climate when making decisions on debt and equity proportions​"

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Having more capital goods requires


spending more of our money on consumer goods


giving up some present day consumption


giving up some present day investment spending


increased government regulation about what should be produced

Answers

Answer:

spending more money on consumer

ntroducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called .

Answers

Introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.

What is test marketing?

Test marketing is described as the process of marketing methodology in which consumer responses to a product or service are tested. The testing is done by only releasing the products in the test markets before introducing the product or the service to the wider market base. It is important to mention that this method is an effective process to judge how customers perceive the product or the service and how the product performs.

When a new product is introduced in a final form to only a limited number of markets. It allows a producer to assess the performance of the product, and how the customers think about it. Such customer insights are valuable for the company.

It can be concluded that introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.

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Question 4
Use this data set to answer the question: 2, 3, 3, 4, 6, 7, 8, 8, 9, 10
What is the mode?

Answers

Answer:

mode are number that written in the set more than one time

Explanation:

in that case 3 and 8 both are the mode of the set

Answer:

There are two modes: 3 and 8.

Explanation:

The mode is the value that appears most frequently in a given data set.

which of the nine P question related to planning deals with rating how well your business is doing.

Answers

The nine P questions related to planning deal with rating how well your business is doing in the Presentation.

This is further explained below.

What are the 9 P questions?

Generally, The 9 P questions are

The 9 P's are

1 people

2. Planning

3. Product

4. Price

5. Promotion

6. Place

7. Partners

8. Presentation

9. Passion

Information is transferred from a speaker to an audience over the course of a presentation.

The purpose of a presentation is generally to educate, convince, inspire, motivate, develop goodwill, or offer a new concept or product.

Presentations may also be in the form of demos, introductions, lectures, or speeches.

In conclusion, Dealmaking and the preparation of paperwork and reports on the state of your company's operations are both part of the presentation.

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if the total book value of the assets of the accounting entity is $4,350,000, and the total liabilities of the accounting entity are $1,235,000, the stockholder's equity in the accounting entity is

Answers

The stockholder's equity in the accounting entity is $3115000.

What is book value?

In accounting, an asset's book value is its value[1] as expressed by the balance in its balance sheet account. Asset values are determined by subtracting any depreciation, amortization, or impairment expenses from the asset's initial cost. The total assets of a corporation, less intangible assets and liabilities, are often considered to be its book value. However, in actuality, the inclusion of goodwill, intangible assets, or both may vary depending on the methodology used to calculate book value. The value of a company's personnel, which makes up a portion of its intellectual capital, is never taken into consideration. The term "tangible book value" is frequently used to specify the statistic when goodwill and intangible assets are specifically omitted.

In the UK, the phrase "net asset value" might apply to book value of a company.

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What is motivation?

A. It is a combination of a belief about something and a feeling about
it that leads to a tendency to act.

B. It is the energy and desire to act in a certain way.

C. It is a set of beliefs, values, and actions shared by a group of
people.

D. It is a group that consumers use as a source of information.

Answers

Answer:

Try B I'm not exactly sure but I think it's B

the number of defects after a hotel room cleaning (sheets not straight, smears on mirror, missed debris on carpet, etc) should be measured using what type of control chart?

Answers

Process performance monitoring is made possible by statistical process control (SPC) charts, which are basic graphical tools.

Describe SPC Charts.It is a line graph with the measure on the vertical (y) axis and the time or observation number on the horizontal (x) axis, displaying a measure in chronological sequence.The center line represents the data's average. Additionally, sigma limits are displayed. These limits were determined using a measure of data variation (sigma). If the process is steady and consequently predictable, these limits reveal the range in which we can anticipate the majority of subsequent data points to fall.On the graph, modifications to a process and other helpful annotations are frequently noted so that their effects on the process may be correlated.

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Question 2. The long-run real exchange rate.
a. Provide a short answer. Other things equal, how would you expect the following shifts to affect
a currency's real exchange rate against foreign currencies?
i.
The world demand for home products increased.
ii.
There is a negative productivity shock in the home economy.
b. True or false. Suppose domestic residents decide to spend more on nontraded products and less
on tradables, and the consumption basket consists primarily of goods and services produced and
consumed at home. In that case, there will be an appreciation of the home currency.

Answers

Answer: I don't know

Explanation: I don't know

which of the following is included in an individual taxpayers federal gross income?

A. certain income from discharge of indebtedness

B. disaster relief payments

C. a federal income tax refund

D. interest on state and local municipal bonds​

Answers

Answer:
C. A federal income tax refund.

Department S had no work in process at the beginning of the period. It added 14,400 units of direct materials during the period at a cost of $100,800. During the period, 10,800 units were completed, and 3,600 units were 32% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $51,500, and factory overhead was $8,000.

The total conversion costs for the period were

Answers

The total conversion costs for the period for Department S was $59500.

What are conversion costs?

Conversion costs are those costs that are incurred to convert raw materials into finished goods/services. They can be called production costs and they are also direct costs. In cost accounting, the concept is used to calculate the value of ending inventory, which is then reported on the balance sheet.

Conversion cost derives its name from the fact that the costs that comprise conversion cost are all of the costs incurred to convert raw material into a finished good. These expenses include direct labor and manufacturing overhead.

These costs include direct labor cost and factory overhead cost. In this question, only direct labor and factory cost are conversion costs.

Direct labor = $51,500

Overhead =  $8,000

Therefore, total conversion costs will be:

= $51,500+$8,000

= $59500

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The amount of water consumed each day by a healthy adult follows a normal distribution with a mean of 1.56 liters. A health campaign promotes the consumption of at least 2.0 liters per day. A sample of 10 adults after the campaign shows the following consumption in liters:


1.88 1.74 1.98 1.70 1.86 1.72 1.74 1.98 1.68 1.50

At the 0.025 significance level, can we conclude that water consumption has increased? Calculate and interpret the p-value.

Click here for the Excel Data File

a. State the null hypothesis and the alternate hypothesis. (Round your answers to 2 decimal places.)



b. State the decision rule for 0.025 significance level. (Round your answer to 3 decimal places.)



c. Compute the value of the test statistic. (Round your intermediate and final answer to 3 decimal places.)



d. At the 0.025 level, can we conclude that water consumption has increased?



e. Estimate the p-value.

Answers

Yes we can conclude that the water consumption has increased at 0.025 level of significance.

How to solve for the mean

The mean is given as

(1.88 + 1.74 + 1.98 + 1.70 + 1.86 + 1.72 + 1.74 + 1.98 + 1.68 + 1.5)/10 = 1.778

= 17.78 / 10

standard deviation calculator

= (1.88 - 1.778)² + ... + (1.50 - 1.778)² / 10

= 0.19796 / 10

= 0.019796

σ =  √0.019796

standard deviation = 0.14069825869569

b. At alpha = 0.025, the critical value is t* = 2.262

Reject H0 if t > 2.262

c. Test statistic

= x - u / s √n

= 1.778 - 1.56  / 0.14069 / 3.1622

= 0.218 / 0.0444911

= 4.8998

d. Given that the test statistic is seen to be greater than the critical value, we would have to reject the null.

At 0.025, the assumption would be that the consumption of water has increased.

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stana, incorporated, has preferred stock outstanding that sells for $96.52 per share. if the required return is 3.72 percent, what is the annual dividend?

Answers

The annual dividend is $3.59.

Enlist types of dividend.Cash dividend : The most typical dividend kind. These are typically paid straight into the shareholder's brokerage account by the companies in cash.Stocks dividend : Companies have the option of giving investors more stock in exchange for cash. DRIP dividend : Any dividends earned by DRIP investors may be reinvested, frequently at a discount, into the company's stock. Investors can elect to receive DRIPs in cash if they like; DRIPs are often not required.Special dividends : These payments, unlike conventional dividends, are paid out on all shares of a company's common stock. To share profits that have accumulated over a number of years and for which it has no immediate need, a firm frequently declares a special dividend.Preferred dividends : Payments made to preferred stock holders. A sort of stock known as preferred stock performs more like a bond than a typical stock. In contrast to ordinary stock dividends, which are typically repaid quarterly, preferred stock payouts are often fixed.

Dividend = $96.52 × .0372 = $3.59

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Out of the following economic statistics, which is the best measure of economic prosperity?
Group of answer choices

The growth rate of real GDP

The level of real GDP

The price level

The level of nominal GDP

Answers

The level of real GDP is the best economic statistics for measuring an economic prosperity.

What is a real GDP?

The term real GDP is an acronyms for the real gross domestic product. This economic tool means an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year (expressed in base-year prices). It is also referred to as constant-price or inflation corrected GDP.

This type of GDP makes the comparison of GDP from year to year or from different years more meaningful because it shows difference comparisons for both the quantity and value of goods and services. It is calculated by dividing nominal GDP over a GDP deflator.

In conclusion, an economists mainly use a simple economic measure known as GDP to define prosperity whether being measured in total for a country or on a per-capita basis, the GDP is the most familiar and widely used measure of national progress.

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what is the purpose of completing a job application form or sending a resume and a cover letter?

Answers

Answer: a cover letter serves as your first impression to an employer and helps you to stand out from other applicants. A resume highlights qualifications for employment including education, experience, skills, and other relevant information.

Ethics Student Activity Packet

Answers

Self-driving cars can be an ethical dilemma, because despite being an innovative technology, it may not have the capacity that an individual would have to make unexpected decisions.

What is a ethical dilemma?

It corresponds to a paradox where morality is considered when there are two options available during a decision-making process, where each of the options is not able to fully satisfy the ethics on the subject.

To resolve an ethical dilemma, individuals must think critically about their options, in fact seeking to find a value-based solution, that is, decision-making must be carried out in a way that reduces negative consequences or increases benefits for the community.

Therefore, ethics apply to developing technologies, such as self-driving cars, in order to regulate the moral concepts behind the technology and how it will positively or negatively affect the lives of individuals.

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b) The customer asks, "How many brands of baseball gloves do you sell? Are there any the cost
less than $50?" You don't know the answer and need to check the supply room for inventory. It
takes you close to 10 minutes to find the answer. When you have the answer, the customer asks if you can put one on hold for her. Play out the entire conversation, including ending the call. (3
points)

Answers

When the customer asks for the price range of the product baseball gloves,  which can be less than $50. So, the seller needs to check the supply room for inventory.

Inventory refers to all the goods, items, merchandise, and also the materials which are held by a business for selling in the market in order to earn a profit. So, inventory management can help the companies to identify which and how much stock to order and to order when.

While making a sale, if a customer asks for different price ranges and so if the seller does not remember such information, then the seller needs to check the supply room for inventory and then inform the customer about it.

Hence, inventory is an asset which is intended to be sold.

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