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1 year ago

converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as:

1 answer:

5 0

Converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as aggregate planning.

Aggregate planning is a method for developing a business by arranging a management to the production and demands. In this method, the quarterly and annual business plans are converted into broad output and labor requirements for the intermediate term. This intermediate term may last from 4 to 12 months.

In this period of time the company will hire new employees to make enough output to satisfy the demands and thereby maximizing the profit with a minimum cost.

Aggregate planning ensures the efficiency and production of a company. Usually it is done as a prior activity to obtain a continuous production facility.

Learn more about aggregate planning at brainly.com/question/18803972

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Required information [The following information applies to the questions displayed below.] The following events occur for Morris

Gekata [30.6K]

Answer:

Journal 1 : February 2, 2021 Provide services to customers on account for $26,000

Trade Receivables $26,000 (debit)

Revenue $26,000 (credit)

Journal 2 :July 23, 2021 Receive $17,000 from customers on account.

Bank $17,000 (debit)

Trade Receivables $17,000 (credit)

Journal 3 :December 31, 2021 Estimate that 20% of uncollected accounts will not be received

Profit and Loss $ 1,800 (debit)

Allowance for Doubtful Debts $ 1,800 (credit)

(26,000-17,000)×20%

Journal 4 :April 12, 2022 Provide services to customers on account for $39,000

Trade Receivables $39,000 (debit)

Revenue $39,000 (credit)

Journal 5 :June 28, 2022 Receive $6,000 from customers for services provided in 2021.

Bank $6,000 (debit)

Trade Receivables $6,000 (credit)

Journal 6 :September 13, 2022 Write off the remaining amounts owed from services provided in 2021.

Bad Debts $3,000 (debit)

Trade Receivables $3,000 (credit)

(26,000-17,000-6,000)

Journal 7 :October 5, 2022 Receive $35,000 from customers for services provided in 2022

Bank $35,000 (debit)

Trade Receivables $35,000 (credit)

Journal 8 :December 31, 2022 Estimate that 20% of uncollected accounts will not be received.

Profit and Loss $800 (debit)

Allowance for Doubtful Debts $800 (credit)

39,000-35,000×20% = 800

Explanation:

"Services to customers on account"

Recognise an Asset - Trade Receivables and also Recognise Revenue

"Receipt of Cash from Receivables"

Recognise the Assets of Cash and De-recognise the Trade Receivable

"Estimate of uncollected accounts"

Recognise an Expense in the Profit and Loss and recognise a Contra - Account Allowance for Doubtful Debts to De-recognise the Trade Receivables

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3 years ago

Alice is a 52-year-old typist working in the same law firm as 28-year-old juliet. both are considered excellent at their job, ev

Over [174]

The likely reason as to why Alice has perform her job the same as Juliet because she likely has developed her selective optimization, in which it helps a person who is on an old age to be healthy and having an improvement of their well being. This is likely the cause as to why Alice can perform the same job as Juliet.

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4 years ago

Padded cloth gloves can protect your hands from what hazards

irga5000 [103]

Electricity
Construction

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3 years ago

Suppose that the firm pays its workers $46 per day. Each unit of output sells for $12. How many workers should the firm hire

Korolek [52]

Solution :

A firm hires labor till a point where the cost of hiring is equal to the value of the additional revenue it produces.

We know ,

the wage rate = cos of hiring an additional worker

the value of the additional revenue that the firm produces = price x (MPI) marginal product of the labor.

Therefore, the firm will hire when :

Wage = value of the additional revenue it generates

Thus, wage = price x (MPI) marginal product of the labor ...........(i)

Therefore, given :

wage of a worker = $ 45

Price = $ 12

So, 45 = 12 x MPI

MPI = 3.8

So the marginal product of employing three days of labor = 25-18/4-3 = 7

Marginal product of employing four days of labor = 30-25/4-3 = 5

So the 4th day produces less revenue than the cost that it generates.

So, the firm should hire 3 workers.

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3 years ago

What skills will you need to work effectively in (a) a learning organization, and (b) a high-involvement organization? Be specif

Zigmanuir [339]

Answer:

(a) systematic skill and problem solving skill

(b) problem-solving, team building skills and communication skills,

Explanation:

Yes I will definitely enjoy working in that kind of environment.

I will be able to learn, improve and build up my myself in such environment.

Getting equipped with all the necessary skills needed.

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4 years ago