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2 years ago

Can the costs be decreased? How can value be added? Please complete the analysis for each item

1 answer:

8 0

In order to decrease the cost of production, the company can engage in better training of staff and offering incentives to staff.

<h3>How can production costs be reduced?</h3><h3 />

The question is not complete so I will explain a bit on how to cut costs in a business.

One way to cut costs is to train the staff that produce goods and services better. They should be given knowledge on how to use resources efficiently and this would reduce wastage.

Staff can also be offered incentives for producing more goods and services with less resources which would reduce costs.

Reducing costs on its own adds value to a product because people would then be getting the same product, but for a cheaper price.

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A clinic has been set up to give flu shots to the elderly in a large city. The design capacity is 50 seniors per hour, and the e

SashulF [63]

Answer:

d. Design utilization is 66%.

Explanation:

If the clinic gave flu shots to 330 seniors over ten hours, that's an average of 33 seniors per hour, comparing to the design capacity and effective capicity gives:

$DesignPerc = \frac{33}{50} = 0.66\\ EffectivePerc= \frac{33}{44} = 0.75$

Therefore, Design utilization is 66% and Effective utilization is 75% so the answer is D.

7 0

4 years ago

Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. During the year the business

Yuri [45]

Answer:

the net income reported by Waterway Industries for the year was $299,000

Explanation:

The computation of the net income reported is as follows:

As we know that

Net income = Revenue - expenses

= $626,000 - $327,000

= $299,000

hence, the net income reported by Waterway Industries for the year was $299,000

The same should be considered

3 0

3 years ago

Procter & Gamble is a multinational corporation that manufactures and markets many household products. Last year, sales for

Stolb23 [73]

Procter & Gamble is a multinational corporation that manufactures and markets many household products is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.

Ans.1a Account receivables turnover ratio = Net credit sales / Average trade receivables

74756 / 6447

11.60 times

*Net credit sales = Total sales * 90%

83062 * 90%

74756

*Average receivables = (Beginning receivables + Ending receivables / 2

(6508 + 6386) / 2

6447

Ans.1b Inventory turnover ratio = Cost of goods sold / Average inventory

42362 / 6834

6.20 times

Cost of goods sold = Total sales - Gross profit

83062 - (83062 * 49%)

42362

*Average inventory = (Beginning inventory + Ending inventory) / 2

(6909 + 6759) / 2

6834

Ans.2a Days' sales in accounts receivables = No. of days in year / Receivables turnover ratio

365 / 11.60

31.47 days

Ans.2b Days' sales in inventory = No. of days in year / Inventory turnover ratio

365 / 6.20

58.87 days

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3 0

2 years ago

Which product is most likely to be the most price elastic?

Elina [12.6K]

Answer:

automobiles

Explanation:

Price elastic describes the relationship between changes in demand as a result of changes in the price. Price elasticity describes how a product's demand responds to a change in its price. Goods or services are price elastic if a small change in price causes considerable differences in their demand.

In this case, automobiles will be more elastic. Changes in their prices will result in significant changes in demand. An increase in the price of automobiles will result in consumers considering other means of transportation. When price decrease, many commuters will opt to but cars. Milk, housing, and clothing are basic needs. People need them for survival. An increase or a decrease in their prices will not change their demand in a big way. They are price inelastic.

5 0

3 years ago

Donham Corporation had $25,000 of raw materials on hand on May 1. During the month, the Corporation purchased an additional $65,

BlackZzzverrR [31]

Answer:

d. $66,000

Explanation:

Raw Material requisition = $66,000

Raw Material requisition is transferred to work in process account by following entry

Dr. Cr.

Work in process $66,000

Raw Material Inventory $66,000

The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.

8 0

4 years ago