business and finance questions?
What inventory method do you think supermarkets use? Why do you think they use this method? Can you think of businesses that sell goods but do not need to keep inventory? What are some of the ways to reduce your inventory carrying costs?
- 9 years agoFavorite Answer
no businesses sell goods and do not keep inventory. Supermarkets use FIFO inventory cost evaluation. They must sell aged items first so the costing should match the actual flow. reduce inventory carrying cost by not reading your textbook at the house and instead only carrying the questions home to type on Y! answers.
- ruggieroLv 43 years ago
It relies upon on the compounding fee. If interest is incredibly calculated on the excellent of the three hundred and sixty 5 days, then that's $17k * (a million.15) = $19,550. If interest is calculated quarterly, then that's $17k (a million + .15/4)^4 ? $19,697. If interest is calculated month-to-month, then that's $17k * (a million + .15/12)^12 ? $19,733.