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dimulka [17.4K]
3 years ago
12

A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner

that represents "the best practice" when both cost and effectiveness are taken into account is:__________
a. competitive strength analysis.b. activity-based costing.c. resource cost mapping.d. SWOT analysis.e. benchmarking.
Business
1 answer:
Romashka [77]3 years ago
8 0

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking is a continuous process by which products, services or work processes of leading entities are taken to be compared to our company so after the analysis improvements can be made and implemented. Benchmarking is defined as the model of excellence from which the "best practices" can be obtained in favor of our own company.

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Greta is the purchasing manager for a large disaster renewal company. What task might Greta perform as part of her job?
madam [21]

Answer:

the answer it b

Explanation:

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40 points easy question
Lyrx [107]

Answer:

D

Explanation:

just did it and got it right

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Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to
inessss [21]

Answer:

barriers to entry in monopoly but not in monopolistic competition.

Explanation:

Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.

Since monopolies do not face competition, they can earn economic profits in the long run.  

4 0
3 years ago
Mikan Company’s standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours wer
vaieri [72.5K]

Answer:

Allocated MOH= $234,000

Explanation:

Giving the following information:

Predetermined overhead rate= $9 per direct labor hour.

Actual direct labor hours= 26,000

<u>To allocate manufacturing overhead, we need to use the following formula:</u>

<u></u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 9*26,000

Allocated MOH= $234,000

5 0
3 years ago
Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th
RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue                   $ 67,700

COGS                                 ($ 53,400)

Delivery expenses              ($ 2,600)

Salary expenses                 ($ 5,500)

Net profit                             $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash                                  $ 1,200

Equipment                        $ 29,000

Building                             $ 40,000

Supplies                             $ 3,400

Total Assets                      $ 73,600

Equity

Common Stock                $ 44,000

Retain earning                  $ 24,400

(18,200 + 6,200)

Liability

Account Payable              $ 4,400

Salaries payable                $ 8,00

Total Liabilities                 $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock           $ 40,000

Addition                                       $  4,000

Closing common Stock              $  44,000

Retain earning Opening            $ 18,200

Net profit                                     $ 6,200

Retain profit Closing                   $ 24,400

Total Equity                                 $ 68,400

4 0
3 years ago
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