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1 year ago

Using the ob concepts and tools that best suit the situation is called a(n) ___________ to management.

1 answer:

8 0

Using the ob concepts and tools that best suit the situation is called a(n) <u>contingency approach</u> to management.

<h3>What is a contingency approach?</h3>

This approach to management is also known as the situational approach and holds that there is no single or textbook rule for the best way to manage an organization..

Most time, the contingency approach to management is based on the idea that there is no single best way to manage the resources.

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Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab

kari74 [83]

Answer:

See explaination for the details of the answer.

Explanation:

1) Increase

As business is optimistic about its future, such business will start capacity expansion to cater for consumer demand.

2) Decrease

Higher real interest rate simply means borrowing cost is higher for the firms and so that they will reduce the investment in respose to that.

3) Decrease

A lower tax means higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and to the government with tax on profit. However, if the rate of tax itself has been increased then in that case corporates will see higher tax as a dampener in sentiments and they might curtail investment plans.

4) Decrease

A recession means there will be lesser economic activity overall and demand will be lower so as the consumption. In such case, planned investment will be reduced.

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3 years ago

Categories of manufacturing costs include ______. Multiple select question. direct labor manufacturing overhead direct materials

Luda [366]

Firms do create goods. Categories of manufacturing costs include direct labor, direct materials and manufacturing overhead.

<h3>What are manufacturing costs?</h3>

Manufacturing costs is grouped into materials, labor, and overhead. They are kinds of direct costs.

Manufacturing cost is known to be the amount of costs of all resources taken into the process of creating a product. The manufacturing cost is grouped into three categories called: direct materials cost, direct labor cost and manufacturing overhead.

Learn more about manufacturing costs from

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2 years ago

Month Maintenance Machine Health Number of Shipping Units

8_murik_8 [283]

Answer:

1. Variable cost = Shipping costs

Fixed cost = Health Insurance

Mixed cost = Maintenance costs

Shipping costs are variable because a unit shipped costs $3.60. The total shipping cost for each month varies according to the units shipped in the month.

Health Insurance costs are fixed as there is no change in cost notwithstanding the number of employees in each month. The total health insurance cost remains the same every month.

Maintenance costs are mixed for each month, as there is a fixed element and a variable element.

2. Cost function for each cost:

Maintenance = $4,200 + $2.10 per machine hour

Health Insurance = $8,600

Shipping cost = $3.60 per unit

3. Cost function = $12,800 + $2.1m + $3.6s

where m = machine hours

and s = units shipped

4. The total operating cost for the month

= $46,040

Explanation:

a) Data and Calculations:

Month Maintenance Machine Health Number of Shipping Units

costs Hours Insurance Employees Costs Shipped

January 4500 165 8600 68 25778 7160

February 4452 120 8600 75 29664 8240

March 4600 230 8600 92 28674 7965

April 4850 318 8600 105 23058 8405

May 5166 460 8600 89 21294 5915

June 4760 280 8600 87 33282 9245

July 4910 340 8600 93 31428 8730

August 4960 360 8600 88 30924 8415

September 5070 420 8600 95 25110 6975

October 5250 495 8600 102 25866 7185

November 5271 510 8600 97 20124 5590

December 4760 275 8600 94 34596 9610

Cost Function for each cost:

Maintenance cost:

Machine Cost

Hours

November 510 5271

February 120 4452

Difference 390 819

Variable cost = $2.10 (819/390)

Fixed cost = $4,200 ($5,271 - ($2.10*510))

Health Insurance:

Fixed cost = $8,600

Shipping cost:

Variable cost = $3.60 per unit

Cost function = $4,200 + $2.10m + $8,600 + $3.60s

= $12,800 + $2.1m + $3.6s

February cost = $12,800 + $2.1(120) + $3.6(8240)

= $12,800 + $252 + $29,664

= $42,716

IF:

Machine hours = 400

Employees = 80

Shipped units = 9,000

The total operating cost for the month will be:

Cost function = $12,800 + $2.1m + $3.6s

= $12,800 + ($2.1 * 400) + ($3.6 * 9,000)

= $12,800 + $840 + $32,400

= $46,040

4 0

3 years ago

Net cash provided by operating activities was $12,000. Net cash provided by investing activities was $2,000. Net cash used in fi

ser-zykov [4K]

Answer:

$25,000

Explanation:

The cash balance at the end of the year can be calculated as follows:

=> $12,000 + $2,000 + $7,000 + $4,000

7 0

3 years ago

Read 2 more answers

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If

diamong [38]

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

5 0

2 years ago