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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.

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Karolina owns a small diner, where she works full-time in the kitchen. Her total revenue last year was $100,000, and her rent wa

jasenka [17]

Answer:

Option c

Explanation:

Given:

Total revenue = $ 100,000

Rent for one month = $ 3,000

Total Rent paid in the year = $ 3000 × 12=$ 36,000

Amount paid to the employee per month = $ 2,000

Total amount paid to the employee in the year = $ 2,000 × 12 = $ 24,000

Per month cost of ingredient and overhead = $ 500

The total ingredient and overhead for the year = $ 500 × 12 = $ 6,000

Implicit cost for the year = $ 35,000

Therefore,

The total expenses = $ 36,000 + $ 24,000 + $ 6,000 = $ 66,000

Thus,

The economic Profit = Total Revenue - expenses - Implicit Costs

= $ 100,000 - $ 66,000 - $ 35,000

= - $ 1000

hence, the correct answer is option C

3 0

3 years ago

During its first month of operations, Neptune Company (1) borrowed $200,000 from a bank, and then (2) purchased an equipment cos

sveta [45]

Answer:

$330,000

Explanation:

the journal entries would be:

Dr Cash 200,000

Cr Notes payable - bank 200,000

Dr Equipment 80,000

Cr Cash 40,000

Cr Notes payable 40,000

Dr Merchandie inventory 60,000

Cr Accounts payable 60,000

Dr Accounts receivable 120,000

Cr Service revenue 120,000

Dr Accounts payable 30,000

Cr Cash 30,000

Dr Utilities expense 60,000

Cr Cash 60,000

Assets:

Cash = 200,000 - 40,000 - 60,000 - 30,000 = $70,000
Equipment = $80,000
Merchandise inventory = $60,000
Accounts receivable =$120,000
total = $330,000

8 0

3 years ago

Read 2 more answers

You are thinking about opening your own personal retirement account at a local bank. The IRA account that the representative spo

gulaghasi [49]

Answer: The options are missing in the question,they are;

A) Rollover IRA

B) Educational IRA

C) Traditional IRA

D) Roth IRA.

The correct answer to the question is option D

ROTH IRA.

IRA- Individual retirement account.

Explanation: Roth IRA is a type of IRA account,it is a type of tax-advantaged retirement savings account.it allows one to pay more taxes inorder to get a bigger tax savings down the line as the investment grows, when it's time for withdrawal,it will be tax-free.

The contributions in Roth IRA are not tax-deductible, but once you start withdrawing funds, the money is tax-free. savings are built by allowing the owner of the Roth IRA to make regular contributions and invest them in a portfolio of stocks, bonds, mutual funds or other investments.the taxes on investment transactions that occurs in the Roth IRA account are deferred until withdrawal of any earnings are made. Just like other IRA accounts,Roth IRAs offer several key benefits, including tax-free growth, tax-free withdrawals in retirement, and no required minimum distributions,the only disadvantage of a Roth IRA is that contributions to a Roth are limited by your household income.

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3 years ago

Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of

yKpoI14uk [10]

Answer:

A.Income statement

Explanation:

The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.

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3 years ago

Sabrina bought a new washing machine. She put $50 down and pays $50 per month for the next 10 months to be able to make the purc

MatroZZZ [7]

The credit she used is an installment sales credit.

Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.

Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.

Learn more about Credit sales here: brainly.com/question/25393740

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2 years ago