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Wittaler [7]
3 years ago
14

Which of the following statements are reasons why operations management is important?

Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer: D. All of these are reasons why operations management is important.

Explanation: Operation management is concern with converting materials and labor efficiently into goods and services for profit maximization. It is the administration of business principles in creating the highest level of efficiency within an organization.

Efficient and productive operation drives the economic well being of nations, Operations management is responsible for much of the value created by organizations and a key source of competitive differentiation among firms, are reasons why operation management is important.

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Grouper Corporation’s April 30 inventory was destroyed by fire. January 1 inventory was $160,600, and purchases for January thro
Katen [24]

Answer:

$165,670

Explanation:

Cost of goods sold = Sales revenue (1 - Gross profit)

                                = $669,900 × (1 - 0.30)

                                = $669,900 × 0.70

                                = $468,930

Estimated ending inventory destroyed in fire:

= Beginning inventory + Purchase - cost of goods sold

= $160,600 + $474,000 - $468,930

= $165,670

6 0
3 years ago
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Which of the following state
Anton [14]

Answer:

c. Net income will be overstated for the current year.

Explanation:

Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.

The deductions are calculated and taken out of the asset value on the balance sheet.

The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.

If this entry is no passed it means that Depreciation Expense is not recognised for that year.

Net income will be overstated because generally expenses will be understated.

5 0
3 years ago
What is a significant factor in long-run economic growth that robert fogel, an economic historian, is best known for suggesting?
damaskus [11]
Robert Fogel is best known in suggesting for improvements in workers' health from better nutrition. Robert William Fogel is an economic historian who has awards in the Nobel Memorial Prize in economic sciences and another award in Bancoff prize. Fogel's work are the following: Railroads and American Economic Growth, Which roads to the past?, and the slavery debates.
5 0
3 years ago
What are the major determinants of price elasticity of demand?
Greeley [361]

Explanation:

The four factors that affect price elasticity of demand are

(1) availability of substitutes

(2) if the good is a luxury or a necessity

(3) the proportion of income spent on the good

(4) how much time has elapsed since the time the price changed.

5 0
2 years ago
Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in
Thepotemich [5.8K]

Answer:

100

Explanation:

hope this helps

5 0
3 years ago
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