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Rufina [12.5K]
3 years ago
8

Sales of the cooler freeze packs made by the company Coolpaxx have been declining. Online sales information is shared with the s

ales department and customer service division. The product development team, however, has not been receiving the customer complaints or suggested product changes that have been collected. Which part of the effective three-step process did this company fail to use?
Business
1 answer:
cluponka [151]3 years ago
6 0

Answer:

share customer information across all departments

Explanation:

The effective three-step process for business are:

<u>-  Assess, </u>

Obtaining all valuable information relevant to the operation. This include things such as customer information, market tendencies, and external challenge.

Failing to give a certain information to any part of departments indicates a failure in this step.

In the example above, the product development team wouldn't have any clue on how to improve their new product if they do not possess the information regarding the customers' complaints.

<u> - Improve, </u>

After the company receive the relevant information, the employees will know the things that are well-liked and the things that despised by the customers.

They can use this information to design improvement for the products and catering to the things that customers like.

<u>- Implement</u>

After the improvement is designed, the company just need to collect the resources it needed and implement the improvement.

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Overhead Applied to Jobs, Departmental Overhead Rates Xania Inc. uses a normal job-order costing system. Currently, a plantwide
sveta [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Department A Department B

Overhead costs (expected) $120,000 $80,000

Normal activity (machine hours) 16,000 5,800

A) To calculate the plantwide overhead rate we need to use the following formula:

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

Estimated manufacturing overhead rate= (120,000 + 80,000) / (16,000 + 5,800)= $9.17 per machine hour

B) We need to use the same formula, but for each department:

Department A:

Estimated manufacturing overhead rate= 120,000/16,000= $7.5 per machine hour

Department B:

Estimated manufacturing overhead rate= 80,000/5,800= $13.79 per machine hour

7 0
3 years ago
Companies monitor sustainability performance for several purposes, including organizational learning, improved decision-making,
Alex787 [66]

Among the factors or reasons listed above, companies also monitor performance for sake of Accountability.

<h3>What is Accountability?</h3>

Every corporation, and its entities and stakeholders must be accountable if they are to thrive.

This means that every person within the system must embrace responsibility for doing the right thing and accept the responsibility for not doing so as well.

A business can be accountable by:

  • communicating its expectations clearly and timely
  • fostering a learning environment,
  • empowering its employees etc.

See the link below for more about Accountability:

brainly.com/question/980342

5 0
2 years ago
Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
yan [13]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

8 0
3 years ago
Volbeat Corporation has bonds on the market with 10.5 years to maturity, a YTM of 6.2 percent, a par value of $1,000, and a curr
densk [106]

Answer:

The answer is 5.47 percent

Explanation:

Firstly, we find coupon payment (PMT).

it can be gotten from the price (present value) of bond formula:

PV = PMT/(1+r)^1 + PMT/(1+r)^2 ....... PMT + FV/(1+r)^n

N = 10.5 years

1/Y = 6.2 percent

PV = $945

PMT = ?

FV = $1000

Using a Financial calculator to input all the variables above,

Annual PMT = $54.72

Semi annual will be $54.72/2= $27.36

Coupon rate is Annual PMT /par value

= $54.72/1000

0.0547 or 5.47 percent

7 0
3 years ago
At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20
Aloiza [94]
Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000

Or, Otto could hire a lawyer to fight it in court

Hope this helped ♥︎
7 0
3 years ago
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