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11111nata11111 [884]
3 years ago
7

You have been working as an Assistant Manager at Mimi and Jasmine's (M&J) warehouse. M&J is an innovative cosmetics comp

any that was started several years ago by two women. Because fulfilling small orders is not what you envision for your career, you have begun to study business. You have recently learned that the owners of M&J are interested in selling the business. You are interested in buying the company so based on the advice of a small business consultant at the local Chamber of Commerce, you decide to put together a business plan to secure a loan.
1. M&J is a somewhat informal organization in which a number of friends and family member pitch in to do whatever it takes to make the business successful. Overall, this has worked well, but you know what sometimes there is some serious miscommunication resulting from the lack of clear authority. The lines between the marketing, shipping, finance, main office, and sales departments are fuzzy at best. There are people working in multiple departments who have no clear accountability to any one manager. In your response:

First, examine how businesses can be organized and structured in general
Next, provide a specific plan for M&J that reflects your understanding of management and the most appropriate structure for M&J as a small business with 23 employees
Business
1 answer:
irina1246 [14]3 years ago
7 0

First of all, because there is no set manager, the owner probably does not know what the company is doing so, he will probably give it to you for a small price. After buying the company, you should first inquire about the employees (what can they do, what expirience etc.) After inquiring about the employees you need to promote the most expriienced and best employee as a manager. Because they have expirience, they will know who goes where.


I hope this helps.

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A year end review of Accounts Receivable and estimated uncollectible percentages revealed the​ following: Days Outstanding Accou
olganol [36]

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days    

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense  is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

3 0
3 years ago
Classify each of the following costs as relevant or irrelevant to the decision at hand and briefly explain your reason. a. The p
jasenka [17]

Answer:

a. The purchase price of the old computer when replacing it with a new computer with improved features - <u>Irrelevant cost</u>

Sunk costs are considered irrelevant and the price of the old computer is a sunk cost as it has already been incurred.

b. The cost of renovations when deciding whether to build a new office building or to renovate the existing office building - <u>Relevant</u>

The cost of renovations will help the company decide which alternative is cheaper between building a new office or renovating.

c. The original cost of the current stove when selecting a new, more efficient stove for a restaurant. - <u>Irrelevant </u>

Like the first, this is a sunk cost so it is irrelevant.

d. Local tax incentives when selecting the location of a new office complex for a ­company’s headquarters. -<u> Relevant</u>

Local tax incentives could reduce cost of operation so is relevant when choosing headquarter location.

e. The fair market value (trade-in value) of the existing forklift when deciding whether to replace it with a new, more efficient model. - <u>Relevant</u>

The existing machine can be traded in for part of the cost of a new one using its market value to reduce the cost of the new one. It is relevant.

f. Fuel economy when purchasing new trucks for the delivery fleet. - <u>Relevant. </u>

Higher fuel economy can reduce cost of transportation so is a relevant cost.

g. The cost of production when determining whether to continue to manufacture the screen for a smartphone or to purchase it from an outside supplier. - <u>Relevant.</u>

This is a relevant cost because the it will help the company decide the cheaper alternative.

h. The cost of land when determining where to build a new call center. - <u>Relevant.</u>

Some land will be in areas that will have higher real estate prices. Your preferred cost of land will help determine which areas to look for locations in.

i. The average cost of vehicle operation when purchasing a new delivery van. - <u>Relevant.</u>

If this cost is too high it will increase expenses. It is a relevant cost to note for cost maximisation.

j. Real estate property tax rates when selecting the location for a new order processing center. - <u>Relevant</u>

Real estate taxes need to be known so that cost estimation can be made on the order processing center.

6 0
3 years ago
Hutton Company reported a $750 unfavorable overhead variance on a recent performance report. This means that factory overhead wa
Viefleur [7K]

Hutton Company reported a $750 unfavorable overhead variance on a recent performance report. This means that factory overhead was underapplied during the period.

<h3>What does an unfavorable overhead volume variance mean?</h3>

An unfavorable volume variance indicates that the amount of fixed manufacturing overhead costs applied (or assigned) to the manufacturer's output was less than the budgeted or planned amount of fixed manufacturing overhead costs for the same time period.

Unfavorable variance is an accounting term that describes instances where actual costs are greater than the standard or projected costs. An unfavorable variance can alert management that the company's profit will be less than expected.

To learn more about Unfavorable variance  visit the link

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4 0
2 years ago
On December 31, 2020, Berclair Inc. had 300 million shares of common stock and 8 million shares of 9%, $100 par value cumulative
m_a_m_a [10]

Answer: $1.21

Explanation:

Earnings per share = (Net income - Preferred dividends) / Weighted average number of common shares outstanding

Weighted average number of shares outstanding:

Opening = 300 million shares

Treasury stock on March 1 = 54 million * (10 / 12 months) = 45 million shares

Share balance = 300 - 45  = 255 million shares

Dividend to be added = 255 * ( 1 + 5%) = 267.75 shares

Add Treasury stock sold = 267.75 + (9 million * 3/12 months)

= 270 million shares

Earnings per share = (400 - (8 * 9% * 100) ) / 270

= $1.21

4 0
3 years ago
a. The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic compe
slamgirl [31]

The difference between monopolistic competition and pure competition is that compared to pure competition, monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

<h3>What is Monopolistic Competition?</h3>

In Monopolistic competition, there are many producers and consumers in the marketplace and all firms have a degree of market control.

The difference between monopolistic competition and pure competition is that monopolistic competition has fewer firms, product differentiation, some price control, and relatively easy but not barrier-free entry.

Therefore, C is the correct option.

Learn more about the monopolistic competition here:

brainly.com/question/1622043

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6 0
2 years ago
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