When two or more people legally agree to become co-owners of a business, the form of business is called a partnership.

Research and development, production, marketing and sales, and customer service are all examples of _____.

Vinil7 [7]

They are all examples of primary activities. They are a part of Michael Porter's value chain, and they provide an edge to the company that performs them. They aim to make a value that outvalues the cost of performing the activities, and make the company a profit as a result.

7 0

4 years ago

Victoria Enterprises has $1.6 million of accounts receivable. The company's DSO is 40, its current assets are $2.5 million, and

astraxan [27]

Answer:

1.26

Explanation:

Current ratio=1.5

DSO=40

DSO=Net sales/Average Accounts receivable

40=(Average Accounts receivable/Net sales)*365

1,600,000/(40/365)=Net sales

Net sales=$14,600,000

Revised DSO=30

(30/365)=Average Accounts Receivable-revised/$14,600,000

Average Accounts Receivable-revised=$1,200,000

Current Assets-Old Receivables+New Receivables= $2,500,000-1,600,000+1,200,000=$2,100,000

Current liabilities=2,500,000/1.5

Current liabilities=$1,666,667

Revised current ratio=$2,100,000/1,666,667

Revised Current ratio=1.26

8 0

4 years ago

In a telephone operating company, negotiating and maintaining ongoing relations with regulatory bodies can be among the most imp

steposvetlana [31]

Answer:

General administration

Explanation:

In a telephone operating company, negotiating and maintaining ongoing relations with regulatory bodies can be among the most important activities for competitive advantage, this type of value chain support activity is known as "General administration".

General administration is a powerful source of competitive advantage which consists of a number of activities, including general management, planning, finance, accounting, legal and government affairs, quality management, and information systems, it typically supports the entire value chain and not individual activities.

7 0

4 years ago

You decide that as soon as you are financially able, you will hire an agency to put together an advertising plan for you. Unfort

Bumek [7]

Unfortunately, you realize that even if you do hire an agency, you will still have to provide the agency with statements regarding the value proposition and the marketing mix.

Option: A

Explanation:

The marketing blend consists essentially of four components. These are: Position, Price, Promotion and Product. The availability of the market differs among the firms relying on how each company chooses on the proportions of the 4 Ps listed herein.

A firm's Quality Proposal is the mix of advantages or principles that consumers are offered to improve their own lives. Organizations typically aim to build a good value proposition that will provide them the maximum competitive advantage over their rivals.

7 0

3 years ago

Beg. of Year End of Year Raw Materials Inventory $26000 $31,459 Work in process inventory $35000 $30,113 Finished goods inventor

Hunter-Best [27]

Answer:

COGS= $168,899

Explanation:

Giving the following information:

Beginning Raw Materials $26000

Ending Raw Materials $31,459

Beginning Work in process $35000

Ending WIP $30,113

Beginning Finished goods $14000

Ending Finished goods $28,663

Purchases of DM $73000

Direct Labor $43,853

Manufacturing overhead:

Indirect Labor $40000

Insurance on plant $10000

Depreciation - plant building and equipment $12,294

Repairs and maintenance - plant $4,987

Total= $67,281

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 35000 + (26000 + 73000 - 31459) + 43853 + 67281 - 30113= 183,562

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 14000 + 183562 - 28663= $168,899

3 0

3 years ago