marci, a purchasing agent, orders 300 refrigerators per month from an online vendor portal. in doing so, she has made Operational decision.
operational judgments
Operational decisions, which typically have effects for no more than a year or even a day, are those that are altered more frequently in accordance with the current external and internal situations. The scale, complexity, and formulation of optimization models for operational decisions vary greatly as a result of the vast number of operations that make up the BSC. Operational choices related to biomass acquisition operations include logistics for carrying harvested biomass to storage, scheduling of working shifts, designating harvesting operation regions, and assigning personnel to harvesting machines. In terms of inventory management operations, it is necessary to regularly decide how much needs to be replenished from the upstream, delivered to the downstream, used to make biofuel goods, and stored in storage facilities.
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Answer:
Soldiering
Explanation:
The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.
Scientific management involves four principles, they include:
1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.
2) Employing and training the right set of individuals to perform the job.
3) Monitoring the performance of the workers.
4) Carrying out a system of division of labour between the management and the workers.
Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.
Answer:
the freedom for individuals to choose businesses, the right to private property, profits as an incentive, competition, and consumer sovereignty.
Explanation:
Answer:
$3800
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow fromyear 1 to 15 = 500
I = 10%
PV = 3800
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
Answer:
Part 1.
3.1 times
Part 2.
a. total assets
Part 3
d. the company's ability to generate sufficient cash to repay debt when due.
Explanation:
<u>For Part 1</u>
Inventory turnover measures the activity of liquidity of a company`s inventory. The higher the ratio in comparison, the more efficient the inventory is managed.
<em>Inventory turnover = Cost of Sales ÷ Inventory</em>
therefore,
Inventory turnover = $982,500 ÷ $ 312,500 = 3.1 times
<u>For Part 2</u>
In a common-size Balance Sheet, each item is expressed as a percentage of total assets whereas in a common size Income Statement, Sales revenue is expressed as 100 % and every other item is expressed as a percentage of sales revenue.
<u>For Part 3</u>
Solvency or Liquidity is the ability of short term assets to cover short term liabilities. Also put, it is the company's ability to generate sufficient cash to repay debt when due.
