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2 years ago

Managerial economics can be applied to the non-profit organizations too. Justify this statement?

1 answer:

8 0

Managerial economics can be applied to the non-profit organizations too because it help them in organizing, and controlling their resources.

Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

<h3>What is Managerial economics?</h3>

Managerial economics is an area of economics that is used for staffing, as well as controlling the resources of the organization.

With Managerial economics , one can carry out:

planning
directing
organizing

In this case, Managerial economics is relevant to nonprofit organizations and government agencies as well as conventional, for-profit businesses.

Learn more about Managerial economics at:

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Which one of the following statements concerning net working capital is correct?

Luda [366]

Answer:

Explanation:

Net working assets is current assets less current liabilities

Current assets include cash, cash equivalents and inventory

Examples of current liabilities include accounts payables, short-term debt, accrued expenses, and dividends payable

When inventory is purchased with cash, inventory increases and cash reduces, thus there is no change in net working capital

Net working capital can be negative or positive.

If current assets is greater than current liabilities, it would be positive, if this is not the case, it would be negative.

7 0

2 years ago

AutoZone and O'Reilly are two competitors in the retail automotive parts industry.

sineoko [7]

Answer:

Gross Profit Margin: 53 % and 54%

Inventory days outstanding: 249 days and 252 days.

Explanation:

Gross Profit Margin = Gross Profit / Sales * 100

Gross profit = Sales - Cost of Goods Sold

Gross Profit :

Year 1 : 10,498,448 - 4,860,309 = 5,638,139

Year 2 : 8,277,782 - 3,804,031 = 4,473,751

GP margin :

Year 1 = 53%

Year 2 = 54%

Days of inventory : Average inventory / Cost of Sales * 365 days

Year 1 : 3,320,864 / 4,860,309 * 365 = 249 days

Year 2 : 2,632,898 / 3,804,031 *365 = 252 days

7 0

2 years ago

Which one is the best choice. Please explain why. I’ll give extra points.

S_A_V [24]

Answer:

Explanation:

Surplus for Donovan: 10 - 4.50 = 5.50

Surplus for Rudy: 8 - 4.50 = 3.50

Surplus for Mike: 6 - 4.50 = 1.50

Surplus for Royce: 4 - 4.50 = -0.50

Sum of all surpluses: 5.50+3.50+1.50-0.50=10

7 0

2 years ago

The atmospheric pressure at a place is 650 mm of Hg. Convert this pressure

EleoNora [17]

Ans Solution

Explanation:

4 0

2 years ago

Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i

nignag [31]

Answer:

Sep 6 Debit inventory $ 1740, Credit Accounts payable $1740

Sep 9 Debit inventory $40 , Credit freight expense $40

Sep 10 Debit Accounts payable $56, Credit inventory $56

Sep 12 Debit Accounts receivable $650, Credit Revenues $650

Debit Cost of Sales $450, Credit Inventory $450

Sep 14 Debit Sales return $45, Credit Accounts Receivable $45

Debit Inventory $34, Credit Cost of sales $34

Sep 20 Debit Accounts receivable $730, Credit Revenues $730

Debit Cost of Sales $560 , Credit Inventory $560

Explanation:

The Question is incomplete but its nature shows that it requires journal entries for The Sep month transactions.

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3 years ago