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In-s [12.5K]
1 year ago
8

management is defined as the science and art of ensuring that goods and services are created and delivered successfully to custo

mers.
Business
1 answer:
VLD [36.1K]1 year ago
7 0

<u>Operations</u> management is defined as the science and art of ensuring that goods and services are created and delivered successfully to customers.

Management is the administration of a corporation, whether or not it's far a business, a non-profit organization, or a government frame. It is the art and technological know-how of managing the assets of the business.

It enables in reaching organization dreams - It arranges the factors of manufacturing, assembles and organizes the sources, and integrates the sources in an effective manner to obtain dreams. It directs organization efforts in the direction of the success of pre-determined desires.

Management is described because the technique of planning, organizing, directing and controlling an employer's operations as a way to attain coordination of the human and material resources important inside the effective and green attainment of objectives.” -Robert L. Trewelly and M. Gene Newport.

Learn more about management here brainly.com/question/25453419

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Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
Vesnalui [34]

Answer:

Results are below.

Explanation:

Giving the following information:

Sales $382,500 (units 5,100 $75 per unit)

variable costs $245,000 (48.04 per unit)

fixed costs $98,000.

Option 1:

Increase selling price by 16%.

New selling price= 75*1.16= 87

Sales= 5,100*87= 443,700

variable costs= (245,000)

fixed costs= (98,000)

Net income= 100,700

2. Reduce variable costs to 59% of sales.

Contribution margin= (382,500*0.41)= 156,825

fixed costs= (98,000)

Net income= 58,825

T<u>he most profitable option is the first one.</u>

3 0
3 years ago
Novak Corp. had accounts receivable of $140,000 on January 1, 2022. The only transactions that affected accounts receivable duri
algol13

Answer:

a. $210,000

b. 21.69 times

c. 16.83 average days to collect receivables

Explanation:

a. Ending balance of accounts receivable

= Beginning account receivable + Net credit sales - Cash collections

= $140,000 + $3,795,000 - $3,725,000

= $210,000

b. Account receivable turnover

= Net credit sales ÷ [(Beginning inventory + Ending inventory)/2]

= $3,795,000÷ [($140,000 + $210,000)/2]

= $3,795,000 ÷ $175,000

= 21.69 times

c. Average collection period in days

= Average account receivable ÷ [ Annual sales ÷ 365]

= $175,000 ÷ [$3,795,000 ÷ 365]

= $175,000 ÷ $10,397

= 16.83 average days to collect receivables

5 0
3 years ago
A mortgage company makes a number of loans to be assembled into one package and sold to permanent investors. This process is an
Vladimir [108]

Answer:

The correct answer to the following question is warehousing.

Explanation:

Warehousing can be defined as process in which banks and lenders would provide mortgage loans to consumers , with the intention of quickly selling those loans in the secondary market. Here the individual loans would be bundled together based on some common element like size of the mortgage or the creditworthiness of the borrowers and all these loans would be sold as a single unit.

3 0
3 years ago
The average management fee for all mutual funds is:
polet [3.4K]
The best choice is C, 0.50% to 1.25%, because they are only allowed to do roughly about 1% on mutual funds by state requirements and laws in the United States and other major economic groups. This interval is best because A is insanely low on mutual funds and would make the nation impossible to sustain itself, B is a bit too low, and D is absurdly high because 2.50% is a violation. Found this helpful? Give it a Brainiest Award.
7 0
3 years ago
A market for the trading of assets is established by individuals buying and selling shares from inventory. These individuals sta
Paladinen [302]

Answer:

Dealer market

Explanation:

The reason is that the person who mediates between the seller and the buyer is the called dealer and this person never owns the asset, what he does is that he mediates between two parties to increase the chance of purchase at a reasonable price and by doing so he earns commission. Such a market is known as dealer market.

7 0
3 years ago
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