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Inessa05 [86]
3 years ago
5

What strategy did businesses use to decrease cost and increase profits?

Business
1 answer:
nalin [4]3 years ago
5 0
Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it ( from mass production) .
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When managers work on creating conditions and systems to ensure that everything and everyone works together to achieve the organ
SVETLANKA909090 [29]

Answer: Organising

Explanation: Organising in management involves the role a manager plays to ensure that things are working effectively in an organization and that every department in the organization are working at their maximum best. In organising the manager puts everything in place for the smooth running of the organization.

7 0
3 years ago
Bridge Building Company estimates that it will incur $1,200,000 in overhead costs for the year. Additionally, the company estima
Vaselesa [24]

Answer:

Predetermined manufacturing overhead rate= $2 per direct labor dollar

Explanation:

Giving the following information:

Estimated overhead cost= $1,200,000

Estimated direct labor cost= $600,000.

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,200,000 / 600,000

Predetermined manufacturing overhead rate= $2 per direct labor dollar

7 0
3 years ago
Oklahoma Telephone Company has been forced by competition to put much more emphasis on planning and controlling its costs. Accor
bekas [8.4K]

Answer:

A) Implementing the change quickly.

Explanation:

The company's controller is basically the chief accountant of the company. In this case, he/she is trying to focus on lowering costs and suggest a  formal budgeting process might help. This is an essential thing that should have been done before, probably since the company started operating.

When essential and important activities are not carried out within a company, and suddenly someone realizes that it must be done, it may be seen as something bad. E.g. if it was really so important, why was it never done before?

As all important things, they cannot be rushed, and they have to be done with the largest possible support within the organization. This includes both management (who will feel pressured) and employers (who might believe it is a way to determine who should be fired).

4 0
3 years ago
Better Corp. completed the following transactions during Year 2:
astra-53 [7]

Answer:

Better Corp.

a. Journal Entries:

a. Debit Land $10,500

Credit Cash $10,500

To record the purchase of land.

b. Debit Cash $36,000

Credit Common Stock $36,000

To record the issuance of stock for cash.

c. Debit Cash $75,000

Credit Service Revenue $75,000

To record the receipt of cash for services provided.

d. Debit Operating expenses $40,900

Credit Cash $40,900

To record the payment of operating expenses.

e. Debit Cash $21,000

Credit Bank Loan $21,000

To record the borrowing of cash from the bank.

f. Debit Dividends $10,500

Credit Cash $10,500

To record the payment of cash dividend to stockholders.

g. N/A

a2. a. Assets (Land +$10,500 + Cash- $10,500) = Liabilities + Equity

b. Assets (Cash + $36,000) = Liabilities + Equity (Common Stock + $36,000)

c. Assets (Cash $36,000 + 75,000) = Liabilities + Equity (Common Stock $36,000 + Retained Earnings + $75,000) Service Revenue

d. Assets (Cash 111,000 - $40,900) = Liabilities + Equity (Common Stock $36,000 + Retained Earnings $75,000 = $40,900) Operating Expense

e. Assets (Cash $70,100 + $21,000) = Liabilities (Bank Loan + $21,000) + Equity (Common Stock $36,000 + Retained Earnings $34,100)

f. Assets (Cash $91,100 - $10,500) = Liabilities (Bank Loan + $21,000) + Equity (Common Stock $36,000 + Retained Earnings $34,100 - $10,500) Dividends

g. Assets (Cash $80,600) = Liabilities (Bank Loan + $21,000) + Equity (Common Stock $36,000 + Retained Earnings $23,600)

b. Total amount of assets, liabilities, and stockholders' equity as of December 31, 2018:

Total assets $80,600  = Liabilities $21,000 + Equity (Common Stock $36,000 + Retained Earnings $23,600)

c. The amount of total assets, liabilities, and stockholders' equity as of January 1, 2019:

Assets = $80,600

Liabilities = $21,000

Equity = $59,600

Explanation:

The accounting equation is Assets = Liabilities + Equity.  It is the basis of the double-entry system of accounting.  With this equation, every transaction is always recorded twice.

4 0
3 years ago
Adjustments that increase or decrease earnings should be investigated with more skepticism.
ICE Princess25 [194]

Answer:

True of financial account auditors.

Explanation:

A financial account auditor often act as skeptics (having suspicion and lack of trust) when reviewing financial transactions.

Thus financial accounts adjustments that increase or decrease earnings are usually investigated with more skepticism by auditors. Such increased skepticism is important because it enables the auditor undo errors and better position the business for success.

7 0
3 years ago
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