Answer: D. less than
Explanation:
Firms generally maximise output at the point where Marginal Revenue equals Marginal Cost. Any output greater than this point will lead to a higher amount of marginal cost being incurred vs marginal revenue which also means that a higher proportion of total cost was being incurred.
If a company therefore decides to remedy this and reduces output, this will lead to a fall in both revenue and cost. However, because the cost had been higher past that point, when it falls back to the maximising level, costs will fall more than revenue so that marginal revenue will equal cost again. This also means that total cost would fall more than total revenue.
The alcoholic beverages in a private club are usually alcoholic.
The final step in the business process management approach is the continuous measurement phase.
Business process management (BPM) is a discipline that uses a variety of methods to discover, model, analyze, measure, improve, and optimize business processes. Business processes coordinate the actions of people, systems, information, and things to achieve business outcomes that support business strategy.
Business process management (BPM) follows a process. Design, analyze, improve, monitor, and optimize. The main goals of management are: Combine information for timely and easy access, analysis, and improvement. Automatically synchronize information entered into the system.
The need and benefits of business processes are evident in large organizations. Processes are the lifeblood of any business and help streamline activities and make optimal use of resources.
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Answer:
23.11 days
Explanation:
The computation of the cash conversion cycle is shown below:
The cash cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
where,
Day inventory outstanding = (Beginning inventory + ending inventory) ÷ cost of goods sold × number of days in a year
= ($3,500 ÷ $30,000) × 365 days
= 42.58 days
Day sale outstanding = (Beginning Accounts receivable + ending Accounts receivable) ÷ Annual sales × number of days in a year
= ($1,800 ÷ $45,000) × 365 days
= 14.6 days
Day payable outstanding = (Beginning Accounts payable + ending Accounts payable) ÷ cost of goods sold × number of days in a year
= ($2,800 ÷ $30,000) × 365 days
= 34.07 days
Now put these days to the above formula
So, the days would equal to
= 42.58 days + 14.6 days - 34.07 days
= 23.11 days
