To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin.
Break-even sales dollars = $30,000
How do you calculate break-even point in sales dollars?To calculate the break-even point in terms of sales dollars, divide the fixed costs by the contribution margin. ...Fixed Costs Contribution Margin = Break-Even Point (sales dollars).Contribution Margin = Product Price minus Variable Costs.The point at which a company's revenues equal its costs is known as the break-even point. The break-even point can be calculated in two ways: one is to determine the number of units that must be sold, and the other is to determine the amount of sales, in dollars, that must occur.1 - Variable Cost Ratio = Contribution Margin Ratio
Contribution margin ratio = 1 - 0.70 = 0.30
Break-Even Sales Dollars = Total Fixed Cost / Contribution Margin Ratio
Break-even sales dollars = $9,000 / 0.30 = $30,000
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after a team of managers has brainstormed ways to cut costs, they discuss the potential impact of each suggestion and whether it would solve the problem. which stage of the rational decision-making model is this?
A group of managers come up with ideas for cost-cutting measures, and then they debate the pros and cons of each idea to see if it would actually address the issue. Alternatives are assessed using the decision-making criteria in this phase of the rational decision-making process.
What is a cost-cutting measure?Cost cutting is a strategy used by businesses to cut costs and increase profitability. Companies are most inclined to implement cost-cutting initiatives when they are experiencing financial difficulty or an economic downturn.
When an organization takes specific steps or strategies to directly lower expenses, this is known as cost cutting. During a recession, for instance, businesses can employ cost-cutting strategies to increase their profitability.
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3m co. is a us-based mnc with net cash inflows of british pounds and net cash inflows of swiss francs. the 2 currencies are highly positively correlated. antrax co. is a us-based mnc that has the same level of net cash flows in these currencies as 3m co. except that its british pounds represent net cash outflows. which mnc is more exposed to exchange rate risk? a. 3m co. b. antrax co. c. the two firms have similar exposure.
An MNC with a US base called Diz Co. has net cash inflows of both Swiss francs and British pounds.
The United Kingdom and nine of its dependent territories use the sterling (stg; ISO code: GBP) as their official currency. The primary unit of sterling is the pound (sign: £), which is often used to refer to all British money.
The pound is also known as the British pound or the pound sterling in foreign contexts. The oldest currency that has been continuously used since its creation is sterling, which was first used in 1494. It is now traded on the foreign exchange market in fourth place, behind the US dollar, the euro, and the Japanese yen. It makes up the currency basket used to determine the value of IMF special drawing rights, together with the other three currencies and the renminbi.
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managers can pursue a low-cost strategy by keeping product prices or pursue a differentiation strategy and add value to a product by finding ways to .
Managers can pursue a low-cost strategy by keeping product prices as low as or lower than competitors' prices; or pursue a differentiation strategy and add value to a product by finding ways to make it superior to products of competitors
What is a low cost strategy?This is the term that is used to refer to a strategy that has to make the business to spend less money as they pursue it.
It is a strategy that would have to lead to maximization of profit while minimizing costs for the business as they go about the activities that they are chasing in the business.
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as low as or lower than competitors' prices; make it superior to products of competitors
employee motivation tends to increase when people are assigned to jobs for which they are qualified, and they receive coaching to improve their self-confidence. both of these practices improve employee motivation by:
A used PPE asset can typically be exchanged for a new one and is called trade-in. The trade-in allowance is the amount for which the buyer and seller have agreed to trade something in. The difference is paid by the buyer once this sum is deducted from the cost of the new asset.
Define trade in allowance.The value given to a used car that a dealer accepts in trade from a customer in order to lower the leasing cost of another car is known as a trade-in allowance. The criteria for a trade-in allowance on a lease are the same as the criteria for a purchase of a car. The circumstance of a trade-in allowance occurs when a business disposes of old assets by exchanging them for new assets and receives an allowance.
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john bought 1,150 shares of intel stock on october 18, 2018, for $33 per share plus a $750 commission he paid to his broker. on december 12, 2022, he sells the shares for $47.00 per share. he also incurs a $1,000 fee for this transaction. required: a. what is john's adjusted basis in the 1,150 shares of intel stock? b. what amount does john realize when he sells the 1,150 shares? c-1. what is the gain/loss for john on the sale of his intel stock? c-2. what is the character of the gain/loss?
Shares sold with net proceeds that are less than their adjusted basis result in capital gains or losses. The total cost of purchasing the shares is on an adjusted basis. In other words, it includes any expense directly related to the purchase of the shares.
Adjusted basis
Total cost:
Shares Costing = 1,000 shares x $30 = $30,000
A fee of Broker = $750
Basis = $30,000 + $750 = $30,750
Total cost is the sum of all expenditures made to generate a certain production level; when this total cost is divided by the quantity produced, average or unit cost is discovered.
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i see you, llc is a newly formed limited liability company that specializes in customized color contact lenses for people with blurry vision. the company is led by mark cuban, who makes strategic decisions for the company. his involvement is purely as a friend and he does not have any investment in the company. what type of structure does this llc have?
His involvement is purely as a friend and he does not have any investment in the company. Manager-managed type of structure does this llc have.
Investment is the determination of cash to purchase of an asset to achieve an increase in price over a period of time. funding requires a sacrifice of some present asset, which include time, money, or effort. In finance, the purpose of making an investment is to generate a return from the invested asset.
An investment is an asset or object obtained with the intention of producing income or appreciation. Appreciation refers to an increase inside the value of an asset over the years. whilst an individual purchases an awesome as an funding, the motive isn't to consume the good however rather to apply it in the future to create wealth.
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Which of the following is an example of a variable cost?
A.
Hourly labor
B.
Interest on a loan
C.
Insurance
D.
Rent for an office
Answer:
A is the correct answer
Explanation:
Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost.
suppose you are earning $50,000 accounting profit in your current laundromat business. if your other options were to earn $50,000 accounting profit running a yogurt shop, or $45,000 being a florist, or $60,000 running a beauty shop, what is your economic profit?
The economic profit is a loss of $10,000.
Revenue minus explicit costs minus opportunity cost equals economic profit (or loss). Explicit costs include all costs that are typically accounted for, such as labor, materials, marketing, depreciation, and taxes.
Imрliсit costs are the opportunity costs, or the next best alternative that you could have chosen.
economic profit = revenue - explicit costs - opportunity cost
= $50,000- $60,000 = -$10,000.
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Price competition involves rivalry between product makers based only on quality.
It is false that price competition involves rivalry between product makers based only on quality.
What is price competition?Price competition occurs when individual who are rivals reduces price of goods to attract more customers.
If a seller reduces it's price today, others.also lower or reduce their prices the following day.
It can happen because of product differences and if a new product is trying to penetrate the market.
Therefore, price competition does not only involve rivalry between product makers based only on quality.
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merchandise is sold for cash. the selling price of the merchandise is $1,300, and the sale is subject to a 6% state sales tax. the entry to journalize the sale would include a credit to
The entry to journalize the sale would include a credit to sales tax payable for $78.
Sales tax can be defined as the tax paid to the governing body for the sales of certain products.
As the selling price of the merchandise is $1,300 and the state sales tax is 6%, this means that 6% of $1300 has to be paid to the state governing body.
Sales tax = 6% of 1300
Sales tax = 6/100 × 1300
Sales tax = 0.06 × 1300
Sales tax = $78
Therefore; the entry to journalize the sale would include a credit to sales tax payable for $78 if the selling price of the merchandise is $1300.
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todd wants to start a business. so one weekend he sits down and starts to write up a document that details the business's goals, objectives, potential customers, financial resources, the product/service it will provide and its strategies on how it will fulfill each of these areas. todd is writing a(n)?
A business aim is a destination, feat, or objective the corporation hopes to reach in the short- or long-term. Business objectives can be aspirational or motivating and can steer a company in the direction of a certain goal, like better customer service.
Explain about the business Goal?
Setting goals is crucial to managing a successful organisation. They can help you maintain a clear direction, inspire workers, and establish goals for your company to strive for. Setting goals can give you a set of standards by which to judge the success of your company.
You can establish and attain a variety of objectives, such as developing your thought leadership skills, coming up with fresh company concepts, or sharpening your attention. It's crucial to make sure your goals are both reachable and clear when choosing which ones to set.
A marketing goal is a precise, quantifiable target that aids in achieving your larger corporate objectives. Anything from producing quality leads and building brand recognition to raising consumer value and increasing the rate of referrals
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explain why market power leads to deadweight loss. part 2 firms with market power create deadweight loss because they part 3 a. charge a price that is equal to marginal cost to maximize economic surplus. b. produce more than a perfectly competitive industry would to maximize profits. c. charge a price that is less than marginal cost to maximize profits. d. charge a price that is greater than marginal cost to maximize profits. e. produce where marginal revenue is greater than marginal cost to maximize profits.
The correct answer is option A that is Charge a price that is greater than marginal cost to maximize profits.
Marginal Cost may be defined as the cost that is referred to the increase in the cost of production that is generated from the additional production of certain units. It is also known as the Marginal Cost of production. The formula for the Marginal cost is ratio of change in cost and change in quantity. We know that the more is the market power of a company, the more it will tend to act like a monopoly. For example, Apple is not considered a monopoly not because it is the only smartphone manufacturing company in the world, but because its market power in the smartphone manufacturing is so large that it dominates the industry.
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your company receives a $75,000 advance for 1 year's rent that you record in rent received in advance. if, at year-end, 3 months have elapsed, what adjusting entry will you record?
Rent received in advance is where your business records the $75,000 advance that it receives for a full year's rent. If three months have passed since the year's end, the adjusting entry will be:
Rent Revenue.............dr $56,250
Rent received in advance $56,250
Making changes to previously recorded entries in your diary is known as adjusting entries. They precisely check that the information you've recorded matches the appropriate accounting periods.
The three fundamental types of adjusting entries are accruals, deferrals, and non-cash charges. Cash transactions are converted into accrual accounting transactions using adjusting entries. The basis of accrual accounting is the revenue recognition concept, which aims to recognize income in the period in which it was earned rather than the period in which it is paid.
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kent company manufactures a product that sells for $58.00 and has variable costs of $32.00 per unit. fixed costs are $299,000. kent can buy a new production machine that will increase fixed costs by $17,200 per year, but will decrease variable costs by $5.00 per unit. compute the contribution margin per unit if the machine is purchased.
The contribution margin per unit if the machine is purchased is 10200 units.
What is machine?
A machine is a physical system that uses power to apply forces and control movement in order to carry out an action. The phrase refers to both manufactured devices, such as engines or motors, and basic biological macromolecules, including such molecular machines.
Formula,
Break even point in unit= (Revised fixed cost/Contribution margin per unit)
Revised fixed cost = ($ 299000+ $17200)
=$316200
Contribution margin per unit = (Selling price per unit - Revised Variable cost per unit)
=[$58 - ($32-$5)]
=($58 - $27)
=$31 per unit
Break even point in unit = ($316200/$31)
=10200 units
The revised break even point in units at the new machine is purchased= 10200 units.
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In the ________ activity of scm, organizations coordinate the receipt of customer orders, develop a network of warehouses, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
In the Deliver activity of scm, organizations coordinate the receipt of customer orders, select carriers to transport their products to their customers, and create an invoicing system to receive payments.
An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). The word is derived from the Greek word organon, which also refers to an instrument, an organ, and many tools. An organization that concurrently performs functions for the public good and expands commercial market activities is known as a hybrid organization.
Secret societies, criminal groups, and resistance movements are examples of organizations that may also function covertly or unlawfully. And occasionally there might be challenges from other organizations.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
In the source activity of SCM, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Planning, acquiring raw materials, production, delivery, and returns are the five main components of supply chain management. While the other four components focus on the essential conditions for carrying out that plan, the planning phase includes creating an overall supply chain strategy. Securing products and services from suppliers who will do so in the most cost-effective and efficient manner is known as sourcing. To ensure that the company delivers high-quality items to the customer, suppliers must adhere to a set of requirements.
The three key flows in supply chain management are the flow of goods, the flow of data, and the flow of money. Product flow refers to the transfer of items from a supplier to a client. Customer service requirements and refunds are also included in this supply chain management cycle.
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Both bonds payable and notes payable are obligations that usually arise from borrowing money. This statement is.
Bonds signify a promise to make future principle and interest payments, typically on a semi-annual basis. In contrast to notes payable, which often indicate a debt owed to a single lender, bonds are typically issued concurrently to numerous lenders.
Operating Activities will be impacted in the statement of cash flows if cash is paid to fulfill an obligation for salaries payable.
Our obligation to pay outstanding salaries is being satisfied. This results in a cash outflow, and the cash flow statement classifies both the cash inflow from accounts receivable and the cash outflow from salaries payable as operating activities.
Cash flow from operations demonstrates that a company's revenue comes from ongoing operations and details the expenditures made over a given time period. Cash flows from typical operating activities include cash from client sales, cash paid to suppliers, cash paid as interest to lenders, and other such items.
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what were the yields on the two representative outstanding heinz debt issues as of the end of april 2010? what were they one year earlier? 2. what was the wacc for heinz at the start of fiscal year 2010? what were the wacc one year earlier? 3. what is your best estimate of the wacc for kraft foods, campbell soup, and del monte foods? how do these waccs influence your thinking about the wacc for heinz?
By dividing the coupon rate by the debt's current market value, it is possible to determine the yield on both outstanding debts.
The yield on both bonds was estimated in April 2010 and was 6.6% on the bond with a coupon rate of 6.75 percent and 3.4% on the bond with a coupon rate of 6.62 percent.
These inputs result in the WACC for 2010 being 5.70%.
WACC% for The Kraft Heinz Co. The Kraft Heinz Co.'s weighted average cost of capital as of today (2022-10-15) is 6.07%.
At the end of April 2010, what were the yields on the two sample existing Heinz debt issues?
By dividing the coupon rate by the debt's current market value, it is possible to determine the yield on both outstanding debts. The yield on both bonds was estimated in April 2010 and was 6.6% on the bond with a coupon rate of 6.75 percent and 3.4% on the bond with a coupon rate of 6.62 percent.
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Identify three (3) services offered by the post office for sending mail and fully outline a situation in which you would recommend the use of each. (6marks)
Pls help
Mail collection, processing, transmission, and delivery are the Post Office's main duties. The term "mail" refers to all postal items, including letters, postcards, inland letter cards, packets, ordinary, registered, insured, value-payable, and speed post articles, whose contents are in the nature of messages.
What are the services offered by post office for sending mail?Mail collection, processing, transmission, and delivery are the Post Office's main duties. The term "mail" refers to all postal items, including letters, postcards, inland letter cards, packets, ordinary, registered, insured, value-payable, and speed post articles, whose contents are in the nature of messages.
First class and second class mail are additional categories for mail. Within India, first-class mail is given free air delivery, whilst second-class mail only receives airlift if paid for with an air premium.
The letter is sorted by delivery barcode sorter to a specific carrier that will deliver it. Additionally, the barcode sorter sorts the letters sent to that carrier in the order of delivery. After then, a truck transports all of this carrier's mail to the Postal Service station.
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you want to facilitate a group discussion about it and let your team make the decision about which of three different packaging machines to buy. which decision style should you use?
The decision style should you use will be V-room decision tree.
The Vroom-Yetton decision model developed a decision tree with seven key questions to assist leaders in making the best option. Quality, commitment, problem structure, leader's information, goal congruence, and subordinate conflict are the seven questions that go along with them. In accordance with the scenario at hand and the degree of engagement of subordinates, this model proposes five decision-making styles that direct group-based decision-making: Consultative Type 1 (CI), Consultative Type 2 (CII), Group-based Type 2, and Autocratic Types 1 and 2 (GII).
For two reasons, the Vroom-Yetton model's usefulness is debatable. First off, it is less frugal than other methods of the selection of leaders. Second, it just addresses one element of how leaders behave—that is, how they choose various decision-making procedures depending on the circumstances.
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you short-sell 200 shares of tuckerton trading co., now selling for $50 per share. what is your maximum possible gain, ignoring transactions cost? $50 $150 $10,000 unlimited
Unlimited ,The price of the option should rise to cover the strike price in addition to the already-paid premium in order to reach a point where your loss is zero (breakeven).
What is maximum possible gain?
The price of the option should rise to cover the strike price in addition to the already-paid premium in order to reach a point where your loss is zero (breakeven). Given that there is no price increase cap, your potential profit as a call buyer is limitless.
Strike price less premium times 100 equals the maximum gain. Premium paid = maximum loss. Strike price less premium is breakeven.
The long put payoff diagram is simple to understand. The maximum risk is constrained to the option's purchase price. Up until the underlying asset approaches zero dollars, the profit potential is limitless. The stock price must be below the strike price by the cost of the long put option at expiration in order for the transaction to be profitable.
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which statement in true about business relationships in supply chains? multiple choice question. they must be between independent entities. they are based on meeting each other's needs. they must be between divisions of the same firm. they are always close working partnerships.
Relating to supply chain links between businesses relationships in the supply chain are based on meeting one another's needs. This statement is true.
Business relationships are essential for the success of supply chain management. To achieve supply chain goals like maximizing customer value and minimizing transaction costs, hence maximizing revenues, good inter-business connections are essential.
The delay between you, the exporter, paying your suppliers and when you receive payment from your buyers is known as the transactional relationship in the supply chain (the importer). The majority of the time, the overseas customers who buy your products are not the final consumers.
Relationships can be the focal point of supply chain management, fostering a more cooperative and productive dynamic. When it comes to complying with new rules and regulations, buyers who get along well with their suppliers will have an advantage.
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Answer: They are based on meeting each other's needs.
which statement is true? multiple choice all classes of stock must have equal voting rights per share. preferred dividends provide tax-free income to individual investors. from a legal perspective, preferred stock is a form of corporate equity. preferred shareholders prefer noncumulative dividends over cumulative dividends. common shareholders elect the corporate directors while the preferred shareholders vote on mergers and acquisitions.
The correct answers are - (c) & (d) as preferred stocks are a form of corporate equity and preferred shareholders prefer noncumulative dividends over cumulative dividends.
A different kind of equity called as preferred stock provides investors equity in a firm and the ability to receive income from such a company's performance. In contrast to common stockholders, preferred stockholders have a higher interest to payouts (such as dividends).
In corporate governance, preferred stockholders typically have no or very limited voting rights. Preferred stockholders have a bigger say than ordinary shareholders but a lower claim than bondholders in the case of a liquidation. Preferred stock is more attractive to a certain investor because it includes elements of both bonds and shares of common stock.
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paul was angry at his supervisor because his supervisor had refused to grant him a raise. as a consequence, paul started working at a slower pace and taking unofficial breaks during work. in the context of workplace deviance, this is an example of .
Paul was upset with his boss since the latter had declined to give him a raise. Paul consequently began working more slowly and taking unscheduled pauses throughout the day. This is an illustration of production deviance in the context of workplace deviance.
"Behavior that breaches formally specified organizational norms with respect to the minimal quality and amount of labor to be generated as part of one's employment" is how production deviance is defined.
Resource waste is the most common form of production diversion. Production deviance is defined as behavior that formally violates organizational policies about the minimum level of quality and quantity of work that must be produced during the course of employment.
Deviant behaviors at work are activities taken with the intent to hurt, irritate, or punish the employer or other employees. Deviant behavior can include infractions as little as working more slowly on purpose to significant offenses like sabotage of work.
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real estate brokers serve as intermediaries by bringing buyers and sellers together in the real estate market. for this service, brokers are paid what is commonly referred to as a:
When brokers serve as intermediaries who bring buyers and sellers together in the real estate market, they get paid what is commonly known as a Commission.
How are real estate brokers paid?In the real estate market, brokers are paid based on commission. This commission is charged on the selling price of the house which means that it is the buyer that pays the commission. The reason real estate brokers get paid a commission is because of their service of bringing the buyers of real estate, to those who want to sell their property in the real estate market.
There can be different rates paid for commission to real estate brokers depending on the services rendered, the location, or how well known the real estate agent is. However, commission paid often ranges between 5% of the selling price to 6%. This means that if a real estate broker sells a property worth $100,000, they can expect between $5,000 and $6,000.
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havermill company establishes a $290 petty cash fund on september 1. on september 30, the fund is replenished. the accumulated receipts on that date represent $77 for repairs expense, $145 for merchandise inventory, and $26 for miscellaneous expenses. the fund has a balance of $42. on october 1, the accountant determines that the fund should be increased by $58. the journal entry to record the reimbursement of the fund on september 30 includes a:
The following journal entry will be made on September 30: "Debit to repairs expenses for $77." This is due to the fact that all expense receipts are debited with the appropriate expense amounts.
The operational costs a business bears in order to make money are referred to as expenses. Simply put, it is the amount of money necessary to acquire anything. According to a proverb, "making money costs money."
Paying suppliers, paying employees, leasing facilities, and depreciating equipment are examples of frequent costs. To reduce their taxable income and therefore their tax liability, businesses are permitted to deduct tax-deductible expenses on their income tax returns; however, the Internal Revenue Service (IRS) sets tight guidelines on which expenses firms are permitted to claim as a deduction. The operational costs a business bears in order to make money are referred to as expenses.
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which leadership approach asserts that leadership behavior varies across a wide number of leadership styles, ranging from take-no-responsibility leadership to transformational leadership?
The leadership approach that asserts that leadership behavior varies across a wide variety of leadership styles, ranging from unaccountable leadership to transformational leadership is the Full Range Leadership Model.
What is the Full Range Leadership Model?The full range model of leadership (FRLM) is a term to refer to a general theory of leadership that focuses on the behavior of the individual (leader) in different situations.
This theory proposes three main types of leadership that are:
Laissez-faire: This type of leadership is characterized by the fact that the leader takes a more passive role towards the other members of the group and allows them to act more freelyTransactional leadership: This type of leadership is characterized by the leader of a group offering rewards or punishments for the group to function properly.Transformational leadership: This type of leadership is characterized by the fact that the leader sets long-term goals that require greater commitment and trust towards employees.Learn more about leadership in: https://brainly.com/question/14365384
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kelsie blames steve for all her shortcomings at work even though he is the hardest working member on the team. in the context of workplace deviance, this is an example of .
When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.
What is the significance of workplace deviance?Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.
A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.
Therefore, the option B holds true and states regarding the significance of workplace deviance.
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The missing options to the question are added below for better reference.
A. group deviance
B. political deviance
C. personal aggression deviance
D. property deviance
a marketing researcher at disney is trying to measure satisfaction with the different rides at disney. the marketing researcher is unsure that the visitors of the park have strong opinions about some of the satisfaction questions. this implies that the researcher should use a:
A marketing researcher at disney is trying to measure satisfaction with the different rides at disney. the marketing researcher is unsure that the visitors of the park have strong opinions about some of the satisfaction questions. This implies that the researcher should use a scale with a neutral point.
Researchers commonly paintings for academic establishments or for corporations. Researchers collect records for the duration of the assignment life cycle, examine the statistics and post the findings to resource new research, enhance scholarly literature and improve the choice-making technique.
A good researcher don't have any care of the approvals or disapprovals however doing his paintings with zeal and staying power to it. professional in difficulty. A researcher would be a great one if he has complete command over his concern. He makes using his theoretical look at in subject work without problems.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Supply chain managers create procedures for managing their inventory of goods and services in the source activity of SCM. These procedures include receiving and validating shipments, moving the sent items to production facilities, and approving supplier payments.
What jobs do supply chain managers have?The five primary elements of supply chain management are planning, procuring raw materials, production, delivery, and returns. The planning phase involves developing a comprehensive supply chain strategy, while the other four components concentrate on the prerequisites for carrying out that plan.
Sourcing is the process of buying goods and services from suppliers who will do so in the most economical and effective way possible. Suppliers are required to follow a set of guidelines in order to guarantee that the company delivers high-quality goods to the consumer.
Supply chain managers create procedures for managing their inventory of goods and services in the source activity of SCM. These procedures include receiving and validating shipments, moving the sent items to production facilities, and approving supplier payments.
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