Answer:
The statement is True.
Explanation:
The operations management of any organization is responsible to create value for the organization by transforming raw material into finished goods and convert input into output. The operation management deals with set of activities and follows all the guidelines and operating procedures in order to create value for the organization and achieve ultimate goals of the company.
Answer:
evaluate performance and take necessary corrective action plan for plant asset purchases and disposals
Explanation:
A budget is an estimate of the revenue and expenditure of a company over a specified period.
Answer:
Option E. Kate will win nothing.
Explanation:
The reason is that Arturo promise was to pay Kate for $9 an hour but Arturo didn't promised him for employment duration which means we even don't know what is healthy bonus and what is a good business postion because it varies from business to business and also depends upon the investment.
So the contract lacks information about what were the terms and condition of the employee contract so Kate will win nothing in the case.
Answer:
D. $210000
Explanation:
Given that
Inventory balance at the beginning = 22000
Inventory balance at the end = 20000
Inventory turnover = 6.0
Gross profit ratio = 40%
Average inventory = balance at beginning + balance at end / 2
= 22000 + 20000/2
= 21000
Recall that
Inventory turnover = cost of good sold/average inventory
Thus,
Cost of good sold = inventory turnover × average inventory
= 6.0 × 21000
= $126000
Therefore
Net sales = cost of good/ 1 - gross profit ratio
= 126000/1 - 0.4
= 126000/0.6
= $210,000