<h2>
Answer:</h2>
a. In order to exceed industrial standards.
b. To reduce dropout/attrition rates.
c. To improve operational efficiency.
d. In order to support succession planning.
e. To increase the value of employee
<h2>
Explanation:</h2>
a. In order to exceed industrial standards - Industrial training of employees is the best practice which develops and builds one's reputation by giving a competition field to your competitors thus making them run for their money.
b. To decrease or reduce attrition rates - Investing in the development of your employees can reduce attrition rates. A training which is well-planned can provide career paths for employees who achieve retention within the organization rather than seeing them seek high-level opportunities somewhere else other than the company they are in.
c. To improve operational efficiency - When you train your employees, you can increase their efficiency and productivity in completing their daily work tasks. Training can also help your organization achieve greater consistency in process commitment, facilitating the implementation of project outcomes and the achievement of organizational goals and objectives.
d. In order to support succession planning - When you provide ongoing employee training and development, you support succession planning by increasing the availability of experienced employees and the ability to take on senior positions as they become available.
e. To increase the value of employee - When there is effective training, it helps to multi-skill or skill your employees. Up-skill involves expanding the employee's knowledge of an existing skill, providing more expertise in the subject area. Versatility is the process of training employees in new or related areas of work to increase their employ-ability within the organization.
Gain on sale of equipment = $1700 By Extracting Information.
The gain or loss on sale of an asset used in the business is the difference between 1) the amount of cash received by the business and 2) the carrying value (book value) of the asset at the time of sale.
The disposal account is the profit or loss account shown in the income statement that records the difference between the proceeds of disposal and the net book value of the asset being sold.
A gain on sale of assets arises when an asset is sold in excess of its carrying amount. Carrying value is the purchase price of an asset less subsequent depreciation and impairment losses. Profit is classified as a non-operating item on the sales company's income statement.
Learn more about equipment at
brainly.com/question/25806993
#SPJ4
Answer:
Market positioning
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
Thus, market positioning is a strategic process which typically involves defining the marketing mix variables such as price, product, promotion and place, so that there exist some level of a clear, distinctive, desirable understanding to the target (potential) customers or clients, of what a particular product does (functions) or represents in comparison with other competing products manufactured by rival companies.
Answer:
a) = 40660 units
b) = $335,445
c) = 58242 units
Explanation:
Lets summarize the information first,
F.C = $185,000
Direct Material (DM) = $3.20
Direct Labor (DL) = $6.00/hr or 6/12 = $0.5/product
Selling Price (SP) = $8.25
For a)
Break Even qty = F.C/Contribution Margin (CM)
CM = SP - (DM +DL per product) = 8.25 - (3.2 + 0.5) = $4.55
Break even qty = 185000 / 4.55 = 40659.3 or 40660 units
For b)
The break even qty does not change with sales so at 55000 units of sale the qty required for B.E is still 40660 units thus B.E Sales = 40660* 8.25
Break even sales = $335,445
For c)
This can be calculated by factoring target profit into the fixed costs so,
Quantity @ target profit = F.C + Target profit / C.M
So,
Quantity @ target profit = 185000 + 80000 / 4.55 = 58242 units rounded off.