Answer:
The company's net operating income for May is $30,500
Explanation:
For computing the net operating income, first, we have to compute the contribution by applying the contribution margin formula. The formula is shown below:
Contribution margin = (Contribution ÷ Sales)
75% = (Contribution ÷ $114,000)
So contribution would be equal to
= $114,000 × 75%
= $85,500
And the fixed expenses are $55,000
So, the net operating income equal to
= Contribution - fixed expenses
= $85,500 - $55,000
= $30,500
Answer:
Production orientation
Explanation:
Power Motors Company has adopted a production orientation method which is why they have manufactured expensive dashboards and choose to ignore their customer's desire and wants. Firms or organisations which manufacture goods without considering their customers generally follow production orientation policy. This policy is fatal for long term sustainability and growth because they lose customers in long-run.
Explanation:
The goods refer to the items, products, of the company which the company sells to the customer so that the company could able to maximize its revenues and generated a maximum profit in a year
The goods can be depended upon the nature of the business
Suppose we take an example of accessories used in a mobile-like - data cable, earphone, headphone, earbuds, back cover, etc
The other examples are Food, clothing, traveler bags, furniture, etc.
Answer:
Which of the following is NOT a step in the strategic planning process?
E) evaluating all members of the value chain
Explanation:
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy
Answer:
The amount by which the sale of inventory exceeds its cost per dollar of sales.
Explanation:
he gross profit margin ratio shows the percentage of sales revenue a company keeps after it covers all direct costs associated with running the business... A higher gross profit margin, means the company has more cash to pay for indirect and other costs such as interest and one-time expenses.