In my understanding, this assignment wants you to evaluate the decision made by the management officer, in her attempt to improve the business position.
First of all, net profit figure shows the profitability of the business. Net profit figure means the total profit earned minus all the costs incurred in running the business. Higher net profit figure in year 1 might indicate a favourable position, as it could be that higher profit is generated from using whatever method/machine they use in year 1, or running this machine incurred less cost. In year 2, they didn't necessarily earn lower profit, but running the new machine might be more costly.
Next, rate of productivity growth refers to the growth in quantity of output produced. If more output can be produced, this means higher efficiency. This means that the efficiency of production in year 2 is more than in year 1.
Thirdly, the number of customer's complaints is important in evaluating the business' goodwill, in this case, its position in the society. Without good relationship with the public, a company may lose its customer. It is always important to keep clients satisfied since they're the source of income to the business. This means that the management decision in year 2 is more favourable than in year 1.
Last but not least, rate of absenteeism can be evaluated in terms of productivity . Higher absenteeism means lower productivity, lower output but higher cost to the business since they're paying salaries to workers who don't produce output to sell. Less output to sell means less income can be earned. In year 1, the business productivity is higher than in year 2.
In year 2, the business has a boost in their efficiency & reputation. Although less profit earned, it is likely that this will grow in the future. Staff attendance can be improved by encouragement such as giving incentives for example, provision of more holidays.
I hope this is helpful!
Answer:
$146,500; $194,000
Explanation:
(1) Correct amount of cost of goods sold for 2019:
= Beginning inventory + Cost of goods purchased - Correct ending inventory
= $23,000 + $153,500 - (Ending inventory value - Overstated value)
= $23,000 + $153,500 - ($33,500 - $3,500)
= $23,000 + $153,500 - $30,000
= $146,500
(2) Correct amount of cost of goods sold for 2020:
= Beginning inventory + Cost of goods purchased - Correct ending inventory
= $33,500 + $191,500 - (Ending inventory value - Understated value)
= $33,500 + $191,500 - ($37,500 - $6,500)
= $33,500 + $191,500 - $31,000
= $194,000
Answer:
Pretty sure it's to <u>shift the cells up</u>
Explanation:
Depending on what you work at if you are a hard worker you can excel at many things. If you speak 2 languages that can also help you go up. So does your personality
It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.
An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.
The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.
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