Answer:
The correct answer is letter "E": economies of scale.
Explanation:
Economies of scale mean productivity becomes more efficient as the number of goods produced increases. In most cases, companies that achieve economies of scale lower the average cost of their products by increasing production which is due to the spread of fixed costs required to produce the product among a large number of goods. Lower production costs typically represent lower prices for consumers.
Operations management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. - True.
Operations management (OM) is the administration of enterprise practices to create the very best level of efficiency viable inside an business enterprise. it's far concerned with converting materials and exertions into items and offerings as effectively as viable to maximize the income of an business enterprise.
What are the three kinds of operations management?
Operations management consists of three ranges: strategic, tactical, and operational
What are the key factors of Operations management?
The important thing elements of Operations management are; Product choice and layout: The proper sort of products and accurate designs of the goods are crucial for the achievement of an agency. A wrong choice of the product and/or negative design of the products can render the employer's operation useless and non-competitive.
What do you examine in operations management?
Blanketed in operations management is the whole thing involved in turning raw materials into deliverable service or product. this may include designing manufacturing structures, employee schooling, centers planning, deliver chain control, stock control, product layout, best control and much more.
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Answer:
Explanation:
Raw data (in $):
August September
Sale 235,000 1.3 × 235,000 = 305,500
- Cash collected 40% 60% of 235,000
40% of 305,500
Purchase 185,000 205,000
- Cash paid 30% 70% of 185,000
30% of 205,000
Beginning cash balance on September 1: $8,600
<u>Calculations: </u>
The change of the cash balance on September will be the cash collected during the month less the cash paid during the month:
- Cash collected: 60% × $235,000 = $141,000
40% × $305,000 = $122,200
- Cash paid: 70% × $185,000 = $129,500
30% × $205,000 = $61,500
<u>Ending cash balance of September 30:</u>
- Beginning cash balance + cash collected - cahs paid
- $8,600 + $141,000 + $122,200 - $129,500 - $61,500 = $80,800
Answer:
Adjusting entry
No Account & Explanation Debit Credit
a) Supplies Expense $637
(245+735-343)
Supplies $637
(To record supplies adjusted)
b) Interest expense $170
Interest payable $170
(To record accrued interest)
c) Wages and salaries expense $5350
Wages & salaries payable $5350
(To record wages and salaries expense)
d) Unearned fees $27600
(46000*60%)
Fees earned $27600
(To record fees earned)
e) Account receivable $5700
Fees earned $5700
(To record fees earned)
Answer:
Journal entries
Explanation:
The journal entries are shown below:
a. Loss $1,140,000
To Contingent liability $1,140,000
(Being the contingent liability is recorded)
b. Loss $940,000
To Contingent liability $940,000
(Being the contingent liability is recorded)
c. No journal entry is required
d. No journal entry is required
Therefore, only first two journal entries are required