Answer:
True
Explanation:
The profit margin calculation is shown below:
= (Net income ÷ net sales) × 100
= ($130,500 ÷ $1,740,000) × 100
= 7.5%
We simply divide net income by net sales in order to achieve the gross profit margin. This indicates a correlation between net income or net income and net sales.
All other information provided is irrelevant. Therefore, it was ignored
Answer: Tentacle's total fixed costs are: $65400.
Explanation: The fixed components of the information provided by Tentacle Television Antenna Company are:
-Janitor's salary $4000
-Property taxes $15000
-Equipment depreciation (straight-line) $22000
-Factory insurance $14000
-Factory manager's salary $10400
So: 4000 + 15000+ 22000 + 14000 + 10400 = <u>$65400.</u>
Answer:
Example: A Job Interview
I will endeavor to get to the venue earlier than the set time. I would have prepared myself for the topic of discussion, introduce myself properly, sit appropriately when asked to and make my voice as audible as possible.
Explanation:
Meeting etiquette refers to mode of behavior and conduct when attending a meeting more specially a formal or professional one. Meeting could be a job interview, a business meeting, a sales presentation etc.
There are various codes of conduct to be observed:
<u>Be at the meeting on time:</u> Getting to the meeting venue earlier or at the time agreed is a sign of good behavior.
<u>Be prepared:</u> Familiarizing yourself ahead with the subject matter and topics of discussion.
<u>Make proper introductions:</u> The simple rule to follow is to fist introduce yourself. When introducing others, introduce individual of lesser hierarchy to higher hierarchy.
<u>Sit appropriately:</u> Do not seat and lean on the table. Sit straight on the chair, do not keep a large gap between yourself and the table.
<u>Speak so you can be heard</u>: Its very important that you should be heard, so when necessary speak up so others can hear you.
Such a person is the PROJECT SPONSOR. A project sponsor is the person with the overall accountability for a project, he has the responsibility to ensure that the project delivers the agreed business benefits. He is usually the one who is responsible for securing the financing and total resources project approval.
Answer:
is based on the concept of just-in-time.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services from the manufacturers to the consumers.
Additionally, all businesses tend to use supply chain management to eliminate waste and maximize value for growth and development.
Hence, supply chain management is based on the concept of just-in-time (JIT) because it is a management framework that is focused on cutting manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.
