Answer:
$5
Explanation:
Given that,
Asset turnover ratio = 0.5 times
Net profit margin = 10 percent
Average total assets = $100
Asset turnover ratio = sales ÷ Total asset
0.5 = sales ÷ $100
sales = $50
Profit margin = Net income ÷ sales
0.10 = Net income ÷ $50
Net income = $5
Therefore, the net income of GoodTimes, Inc. is $5.
Answer:
B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.
Explanation:
A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.
Cheers.
The main impact that the 5 Total Quality Management have on Woolworths is that it helps quality assurance for customers.
<h3>What is the
Total Quality Management?</h3>
This is a management system that is assert that all staff must be committed to maintaining high standards of work in every aspect of a company's operations.
The five concept of Total Quality Management includes:
- Produce quality work the first time
- Focus on the customer
- Have a strategic approach to improvement
- Improve continuously
- Encourage mutual respect and teamwork.
Read more about Total Quality Management
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