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slamgirl [31]
3 years ago
8

Marilyn is the operations manager of a new hair salon in an upscale urban neighborhood. Customers in this neighborhood expect hi

gh quality services and products, and Marilyn is struggling to use the salon's resources efficiently and effectively to provide the level of quality the area's customers demand. What will most likely happen if Marilyn can't find a way to meet customers' demands for quality?
Business
1 answer:
Crank3 years ago
5 0

Marilyn shall experience the critical problem in covering the operational cost for running the business if she is unable to find the way to meet customers' demand for quality

Explanation:

Retail business management needs to execute market research and should able to compare its nature of service with other retail services of the same business. As the Operations Manager, Marilyn should be able to capture the present pulse of the customers' needs which in turn increases the demand of the customers.

Absorbing the new market trend and fashion related to the profession of salon techniques, Marilyn should provide training to the staff in an upscale urban neighborhood. It will fetch the positive effects of fetching good results in attracting more demanded customers.    

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Sam​ Hinds, a local​ dentist, is going to remodel the dental reception area and add two new workstations. He has contacted​ A-De
Inga [223]

Answer:

Sam will pay $937.43 weekly or $71.64 quarterly.

The weekly plan has less total cash outflow each year because it involves lower interest charges as the payment is made more frequently.

Sam will have to pay $117.18 if the loan calls for quarterly payments.

Explanation:

The cash outflows are calculated using the PMT formula or function as follows.

Quarterly Payment:

PMT(rate = 0.08/4, nper = 8x4, pv = 22000, fv = 0, 0) = $937.43

Weekly Payment:

PMT(rate = 0.08/52, nper = 8x52, pv = 22000, fv = 0, 0) = $71.64

Annual cash outflow using quarterly payment = $937.43 x 4 = $3749.72

Annual cash outflow using weekly payment = $71.64 x 52 = $3725.28

The weekly plan has $3749.72 - $3725.38 = $24.44 less total cash outflow each year because it involves lower interest charges as the payment is made more frequently.

Sam will have to pay $3749.72 / 32 = $117.18 if the loan calls for quarterly payments.

7 0
4 years ago
Which of the following statements is false​? A. When marginal cost is greater than average total​ cost, average total cost will
Paraphin [41]

Answer:

C. Marginal cost will equal average total cost when marginal cost is at its lowest point.

Explanation:

Marginal cost is the cost of each extra unit sold or produced. Average total cost is the average cost of all the units which is sold or produced during the period.

If marginal cost equal to the average cost the marginal can not be its lowest point because the lowest point cost will decrease the average cost it will not be equal to average cost, otherwise at  the units has same marginal cost.

5 0
4 years ago
Read 2 more answers
Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a
BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues                              $31,000

<u>Expenses                              ($17,100)</u>

Net profit                               $13,900

Astro Corporation Statement of Changes in Shareholder Equity

                             Common stock      APIC        Ret. earnings     Total

Balance Jan. 1          $10,000            $14,000                            $24,000

Net income                                                            $13,900         $13,900

<u>Dividends                                                              ($2,000)        ($2,000)</u>

Balance Dec. 31      $10,000            $14,000       $11,900        $35,900

Astro Corporation Balance Sheet

<u>Assets</u>                                               <u>Liabilities</u>

Cash $35,900                                     $0

                                                         <u>Shareholders' equity</u>

                                                         Common stock $10,000

                                                         APIC $14,000

                                                         Retained earnings $11,900

Total $35,900                                  Total $35,900

Astro Corporation Statement of Cash Flows

<u>Cash flows from operating activities:</u>

Revenues                                       $31,000

Expenses                                        ($17,100<u>)</u>

     Cash from operating activities      $13,900                  

<u>Cash flows form financing activities:</u>

Stock issuance                               $24,000

Dividends paid                               ($2,000)

     Cash from financing activities      $22,000    

Net increase in cash                           $35,900

6 0
3 years ago
An example of a strategic plan would be
Serhud [2]
Retiring with no debt
7 0
3 years ago
The government passes a new investment tax credit initiative. Which input in the production function changes, and what is the ef
babymother [125]

Answer: The capital stock increases, and economic growth is positively affected.

Explanation:

If the government offers an investment tax credit, a situation will arise where entities will invest more knowing that they do not have to pay as much in taxes.

This investment will lead to an increase in capital stock as this is what investment purchases to enable production. With more capital stock, production levels will rise and the economy will grow.

5 0
3 years ago
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