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Arte-miy333 [17]
3 years ago
11

One of your friends states that “operations management and supply chain management are primarily of interest to manufacturing fi

rms.” Is this true or false? Give some examples to support your answer
Business
1 answer:
Ghella [55]3 years ago
8 0

This is not true. Just because it talks about operations and supply chain, it does not mean that non-manufacturing industries are not involved. Any business with an operating system has an operations department. The supply chain will depend on the type of services or goods offered. For example, an environmental services consultancy firm is not a manufacturing company. However, it has an operations department to oversee the schedule of sampling personnel for monitoring activities. Moreover, supply chain may refer to the business development department, which is primarily concerned of acquiring more clients to give their services. In addition, equipment must also be supplied so monitoring could be possible.

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Use the following data to calculate the cost of goods sold for the period: Beginning Raw Materials Inventory $ 30,000 Ending Raw
prisoha [69]

Answer:

the cost of goods sold is $250,000

Explanation:

The computation of the cost of goods sold is given below:

= Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory

= $72,000 + $246,000 - $68,000

= $250,000

Hence, the cost of goods sold is $250,000

8 0
3 years ago
Organizing Select one:
kaheart [24]

Answer:  Option C

Explanation:  Organizing is the administrative role that typically follows after planning, from the point of view of businesses. Organizing includes assigning tasks and assigning authority to accomplish goals and objectives with sufficient accountability and allocating resources throughout the organization.

Organizing includes creating deliberate task structures by defining and listing the tasks necessary to achieve a company's objectives. In simple words,  Organizing is creating successful relationships of power between specified employers, people, and workplaces so that the community can work effectively together. Or the separation of work into branches and divisions.

Thus, from the above we can conclude that the correct option is C .

8 0
3 years ago
Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 28,000 $ 23,0
astraxan [27]

Answer:

COGS= $241,000

Explanation:

<u>First, we need to calculate the cost of goods manufactured with allocated overhead:</u>

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

cost of goods manufactured= 28,000 + 68,000 + 98,000 + 72,000 - 23,000

cost of goods manufactured= $243,000

<u>Now, we determine the cost of goods sold:</u>

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

COGS= 57,000 + 243,000 - 61,000

COGS= $239,000

<u>Finally, we close the under/over applied overhead to COGS:</u>

<u></u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 74,000 - 72,000

Underapplied overhead= $2,000

<u>We need to debit COGS and credit overhead:</u>

COGS     2,000

   Manufacturing overhead      2,000

COGS= 239,000 + 2,000

COGS= $241,000

5 0
3 years ago
Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
  • opportunity costs = $25,000 - $15,000 in lost salaries + $2,000 (lost investment revenue) = $12,000

economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
Chino Company reported net income of $23,000 for the current year. During the year, Inventory decreased by $7,500, Accounts Paya
ikadub [295]

Answer: A). $25,750.

Explanation:

Cash from operating activities refers to cash from the business operations of the company.

Formula is:

= Net Income + Depreciation + Decrease in inventory - Accounts payable decrease - Accounts receivable increase

= 23,000 + 10,500 + 7,500 - 8,250 - 7,000

= $25,750

7 0
3 years ago
Read 2 more answers
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