1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AysviL [449]
1 year ago
7

At the annual meeting of the board of directors of LabZaws Co., James Wilson, the CEO of the company, was directed to focus prim

arily on enhancing the firm's efficiency. How could he achieve this objective
Business
1 answer:
ahrayia [7]1 year ago
4 0

James Wilson could  achieve this objective by focusing on both cost reduction and revenue enhancement

What is Cost reduction?

Cost reduction is the procedure of lowering a business's expenses in order to increase profits. It entails locating and eliminating expenses that don't benefit customers in any way, as well as streamlining operations to increase productivity.

What is revenue enhancement?

The objective of any successful revenue enhancement strategy is to build and improve on current payment levels and then recover arrear debt. As indicated, this document seeks to identify causes for non-payment and to develop a strategy to address those challenges.

Learn more about Cost reduction and revenue enhancement here:

brainly.com/question/25995911

#SPJ4

You might be interested in
Anya feels pressure to increase sales, so she decides to intentionally marks up the price on a new shipment of sweaters and then
anyanavicka [17]
Making sure short term goals of employees match long term goals of the company
5 0
3 years ago
Read 2 more answers
Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa
andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 3,781 hours × ($41,066 ÷ 3,781 hours  - $11 per hour)  

= 3,781 hours  × ($10.86 per hour  - $11 per hour)  

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0
2 years ago
At which step or steps in the decision-making process do qualitative considerations generally have the greatest impact
ludmilkaskok [199]

Answer:

Making a decision

4 0
1 year ago
You have obtained a sub-sample of 1744 individuals from the Current Population Survey (CPS) and are interested in the relationsh
allochka39001 [22]

Answer:

Let me give you an example of a segment addition problem that uses three points that asks the student to solve for x but has a solution x = 20.

First, I assumed values for each x, y and z and then manipulated their coefficients to get the total at the end of each equation.

20 + 10 +30 = 60

40 + 0 + 40 = 80

40 + 10 = 50

Then exchangeing these numbers into values and we have the following equation.

x + 2y + 3z = 60

2x + 4z = 80

2x + z = 50 so its easy

If you will solve them manually by substituting their variables into these equations, you can get

x = 20

y = 5

z = 10

Explanation:

4 0
3 years ago
During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wag
elena-s [515]

Answer:

$4,550

Explanation:

First, we need to calculate the product cost per unit

Product cost per unit = Total production costs / Units produced

= ($15,085 + $10,200 + $9,200) / 6,050 units

= $5.7 per unit

Cost of goods sold = $5.7 × 3,700 units

= $21,090

Net income = Sales - Cost of goods sold - Operating expenses

= ($8.2 × 3,700) - $21,090 - $4,700

= $30,340 - $21,090 - $4,700

= $4,550

6 0
2 years ago
Other questions:
  • Which of the following statements is CORRECT?
    9·1 answer
  • wifty Corporation has 9,200 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockh
    13·1 answer
  • Samantha, a one-third partner, has an adjusted basis of $90,000 for her partnership interest. If Samantha sells her entire partn
    15·2 answers
  • The average German worker worked about 400 fewer hours per year and earned nearly​ $14,000 less than did the average worker in t
    7·1 answer
  • Kinnamont Company manufactures farming equipment that includes navigational systems as part of the standard equipment package an
    15·1 answer
  • Market failure occurs when A. the market system fails to allocate resources to each individual according to their needs. B. the
    8·1 answer
  • We strive to make all of our customers feel satisfied with their video game purchases, so we invite you to exchange "Gods of Par
    10·2 answers
  • After conducting a market research​ study, Magnificent Manufacturing decided to produce a new interior door to complement its ex
    15·2 answers
  • Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so he runs
    12·1 answer
  • in preparing the operating activities section of a statement of cash flows using the indirect method, net income should be adjus
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!