A small clothing firm currently produces 50,000 shirts and blouses per month. the costs of its factory, raw materials, and labor are $500,000 per month. if the company is to increase production by 5,000 and that requires additional labor and raw material expense of $100,000, what is the best estimate of costs of the increased production is $100,000.
Most people think you'll make a kajillion dollars and be well on your way to overnight stardom. But the reality is that the profit margins on clothing are notoriously low. According to industry analysts, you're looking at 4-13% profit margins. That means for every $100 you invest, you get $104-$113 back.
Production is the process of making or manufacturing goods and products from raw materials or components. In other words, production takes inputs and uses them to create an output that is fit for the consumption of a good or product that has value to an end-user or customer.
Learn more about Production here
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By taxation or selling government bonds.
Answer:
Strategy as planned emergence
Explanation:
As per Mintzberg's strategic planning framework, strategies either emerge out of existing plans or are a consequence of a deliberate action.
Strategy as a planned emergence refers to those strategies which did not pre-exist or which were deliberately created , rather emerged as a consequence of a business problem or as a reaction to a business situation.
In the given case, Zenya has created an online service whereby users can rent out the spare rooms of their houses. She appointed qualified employees for opinion and recommendations.
In the given case, emergent strategy is suggested so as to fully utilize the strengths of her team and enable the company to make the most of the independent actions and opportunities.
Answer:
The correct answer is letter "D": autocratic.
Explanation:
Autocratic leadership is characterized by having the leader explain exactly the parameters of how things must be done within an organization, set what objectives the group mus reach, and control every activity without significant influence of the subordinates. Autocratic leaders hardly ever take the subordinates' advice.
Answer:
The correct option is C. Recognize $9 million Gross Profit in 2016.
Explanation:
IFRS-15 states that a 4-step approach should be followed when the performance obligation is satisfied over a period of Time. In-this case, the performance obligation will be satisfied within three years from 2016 to 2018.
4-step Approach:
1) First of all you have to calculate the over gain/loss of the project, and the result will decide the entries to be made. In this case, the contract price is $150m and the total costs (Costs incurred + Expected Costs) are $120m. This gives us a Profit of $30m.
2) In the second step, we have to determine the progress of the contract, It means that how much work have we done so far. There are two methods to calculate the progress: Input Method and the Output Method. Based on the data available, we will go for Input Method. To calculate progress under this method, simply divide the costs incurred by the total costs and multiply the result with 100 to get the percentage. 30% is the progress of the contract.
3) Revenue (150 * 30%) = $45m
COS (120 * 30%) = $36m
Gross Profit = $9m
* 120 is the Total Cost.
4) The last step involves determining Contract Assets and Liabilities. I won't go in to the detail because this step is not concerned with your question. You are open to ask questions regarding this step if you need.
Thanks.
