Match the food technology with its definition

The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ende

Paladinen [302]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 30,000 + 100,000 - 40,000

COGS= 90,000

Now, the number of skis sold:

Units sold= 150,000/750= 200 units

Traditional income statement:

Sales= 150,000

COGS= (90,000)

Gross profit= 60,000

Total selling expense= (50*200 + 20,000)= (30,000)

Total administrative expense= (10*200 + 20,000)= (22,000)

Net operating income= 8,000

Contribution format income statement:

Sales= 150,000

Total variable cost= (90,000 + 50*200 + 10*200)= (102,000)

Contribution margin= 48,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (20,000)

Net operating income= 8,000

4 0

3 years ago

In many organizations, marketing does not have a place of importance in the organizational hierarchy. Why do you think this happ

WARRIOR [948]

Answer:

The correct answer is a combination of factors and is explained below.

Explanation:

On the one hand, the marketing area inside the companies tend to be left apart or not given much of the attention that they actual need inside the organization and that is due to the fact that the business' owner or even the managers sometimes thinks that there is a major importance in the finances of the enterprise or even in the production and its current quality.

On the other hand, the marketing function inside an organization should be taking care as much as the other functions due to the fact that it has a very huge importance in the selling process of the company and therefore in its number of sales during an amount of time. Moreover, those companies that do not focus so much effort in the marketing will probably have a great product with a good quality but they would not acquire a big number of sales because they would not know how to sell the product and to whom, furthermore they would find themselves selling much less that does companies that have a simple product but a good marketing mix.

5 0

3 years ago

Which fifth factor of production do many economists now include in addition to the four traditional factors of labor, capital,

Tomtit [17]

Answer:

The correct answer is E, Information Resources.

Explanation:

Factors of production include Labor, Capital, Entrepreneurs and physical resources. But in the recent years, information has become the vital resource for organizations. Correct information and knowledge about a specific thing is crucial to the organization. For example if a company wants to introduce its new product and specifies a target audience, if the company doesn't get the accurate information about the needs and demands of that specific target area, other factor of production won't be of any use. So this information resource has become a vital and important part of the factors of production.

7 0

2 years ago

Read 2 more answers

"When Jiffy-Pop packaged its popcorn in an aluminum skillet, complete with attachable handle, it designed the package to become

user100 [1]

Answer:

Jiffy-Pop’s popcorn, in this case, is an example of innovative packaging.

Explanation:

The days have passed when packaging is merely a means to secure and label an item. These basic tasks must be performed by packaging in a successful product, however the effect of packaging is progressively higher. It's often appropriate to create many design elements in tandem, so that they are the best and most efficient packages within the project's objectives and limitations.

A new update or innovation may attract customers who are searching for economic benefit or who think they have an unsatisfied need or want. In the case of Jiffy-Pop, the customer need not to buy a skillet and a bowl to cook and place the popcorn, in fact both these functions are performed by the outer innovative packaging done by the Jiffy-Pop’s popcorn itself. Thus, customers tend to buy this product more compared to others.

8 0

3 years ago

On an organization's board of directors, inside directors ____; outside directors _____. are supposed to be elected from outside

BigorU [14]

On an organization's board of directors, inside directors may be members of the firm; outside directors are supposed to be elected from outside the firm.
The board of directors is responsible for keeping the organization’s vision, mission, and strategic planning goals. Duties of boards include: choosing the CEO, approving major policies, making major decisions, overseeing performance, and serving as external advocate.

4 0

3 years ago