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1 year ago

Efficiency is , while effectiveness is .

1 answer:

3 0

Efficiency is the ability to produce the result with minimal utilization of resources to get maximum benefits, while effectiveness is the ability to produce a better result.

<h3>What is Efficiency?</h3>

Efficiency is the ability to work with the least usage of resources in the best possible manner, which means with the minimum usage of resources we get maximum benefits.

Thus, efficiency is the ability to produce the intended result in the best possible manner with the least waste of resources, time, and effort, while effectiveness is the ability to produce the best result that delivers more value or achieves a better outcome.

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Economies of scale:

gregori [183]

Answer:

are achieved when a firm reduces its average cost of production as it produces more.

Explanation:

Economies of scale is reduction in the average cost as production increases due to the large size of the firm which makes it more efficient.

It is large firms that enjoy economies of scale.

Economies of scale can be achieved by buying supplies in large quantities. When firms buy in large quantities, they enjoy discounts which reduces their average cost. This is a form of internal economies of scale.

I hope my answer helps you.

5 0

2 years ago

“EBIT is generally considered to be independent of financial leverage, because EBIT is the result of a firm’s operating effectiv

Arturiano [62]

Answer:

The answer is below

Explanation:

EBIT is known as an accounting measure to determine the profit level of a firm. It is an acronym of Earnings Before Interest and Taxes.

EBIT is generally considered to be independent of financial leverage because EBIT is the result of a firm’s operating effectiveness.

This is true because, EBIT is based on the firm's level of sales and cost of operation, of which financial leverage has no effects on it.

However, with excessive debt levels, EBIT might be influenced by financial leverage.

This implies that even though the financial leverage of a firm has no direct influence on EBIT, in a situation whereby a firm is operating at huge deficits, every aspect of the film will be concerned. This will include staff, customers, investors, and operational activities, thereby affecting the firm's sales and cost of operation. As a result, this will ultimately affect the firm's EBIT.

6 0

3 years ago

Liam Wallace is general manager of moonwalk salons. during 2016 while this works for the company all year at a $13600 monthly sa

vova2212 [387]

Answer:

1. Gross Pay = Salary + Bonus

= (13,600 * 12) + (15% * (13,600 * 12))

= 163,200 + 24,480

= $187,680

2.Wallace 2016 Payroll = Gross Pay - Deductions

Deductions

= FICA-Social security tax + FICA-Medicare tax + Federal income tax + State income tax + Charity Fund contribution + Life insurance contribution

= (6.2% x 117,000) + (1.45% x 187,680) + {(952 x 12) + 3,672} + {(150 x 12) + 90} + (3% x 187,680) + (50 x 12)

= 7,254 + 2,721.36 + 15,096 + 1,890 + 5,630.40 + 600

= $33,191.76

Wallace 2016 Payroll = 187,680 - 33,191.76

= $‭154,488.24‬

DR Salaries Expense 163,200

Bonus Expense 24,480

CR FICA-Social Security Tax Payable 7,254

FICA- Medicare Tax Payable 2,721.36

Federal Income tax payable 15,096

State Income tax payable 1,890

Charity Fund Payable 5,630.90

Life Insurance Payable 600

Cash 154,488.24

4. Moonwalk's payroll tax expense for Wallace's total earnings.

DR Payroll Tax Expense 10,395.36

CR FICA-Social Security Tax Payable 7,254

FICA- Medicare Tax Payable 2,721.36

FUTA Payable (0.6% * 7,000) 42

SUTA Payable ( 5.4% * 7,000) ‭378‬

5 0

3 years ago

For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choic

Solnce55 [7]

Answer:

3. fall if the price index rises.

Explanation:

According to the nominal income, the inflation is a one of the major factors that decrease the amount of the goods and the services that would be afforded with a given amount of the nominal incomes thus if the person wants to keep this real income steady for the next year's nominal income may fall as the increase of the inflation in the economy. And can erode the nominal income gains.

4 0

2 years ago

Moorcroft Company’s budgeted sales and direct materials purchases are as follows:

Rama09 [41]

Answer:

a) Month Sales

April $300,000

May $320,000

June $370,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $370,000 x 40% = $148,000

Collection from June's credit sales = $222,000 x 30% = $66,600

Collection from May's credit sales = $192,000 x 40% = $76,800

Collection from April's credit sales = $180,000 x 26% = $46,800

Total cash collections during June = $338,200

b) Month DM purchases

April $45,000

May $54,000

June $60,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $60,000 x 50% = $30,000

Cash payments for May's purchases = $27,000 x 40% = $10,800

Cash payments for April's purchases = $22,500 x 60% = $13,500

Total cash payments during June = $54,300

c) Month Sales

April $299,000

May $337,000

June $387,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $370,000 x 40% = $148,000

Collection from June's credit sales = $222,000 x 30% = $66,600

Collection from May's credit sales = $192,000 x 50% = $96,000

Collection from April's credit sales = $180,000 x 18% = $32,400

Total cash collections during June = $343,000

It would be worth to pay the collector since the 2% reduction in uncollectible accounts is worth much more than the $1,000 that he/she earns.

d) Month DM purchases

April $45,000

May $54,000

June $60,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $60,000 x 40% = $24,000

Cash payments for May's purchases = $32,400 x 40% = $12,960

Cash payments for April's purchases = $27,000 x 60% = $16,200

Total cash payments during June = $53,160

7 0

3 years ago

Efficiency is ________, while effectiveness is ________.

Efficiency is , while effectiveness is .