Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

finewine sellers is assessing their wine inventory with an abc analysis. they categorize inventory items into 'A', 'B', or 'C' based on the annual consumptioin

finewine sellers is assessing their wine inventory with an abc analysis. they categorize inventory items into 'A', 'B', or 'C' based on the annual consumptioin value where 'A' is the top 15%, b is the next 35% , and 'c' is the remaining 50%. they have a 'B' item, which is a vintage wine with an annual consumption quantity of 300 bottles and a cost of $50 each. the total annual consumption value for all items is $200000. is the vintage wine correctly categorized? a) yes, it's correctly categorized as B b, no, it shoul be categorized as A c, no, it should be categorized as c d, cannot be determined from the given information which otion is correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Perioperative Pain Management For General And Plastic Surgery

Authors: Deepak Narayan, Alan D Kaye, Nalini Vadivelu

1st Edition

0190457007, 978-0190457006

More Books

Students also viewed these General Management questions