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Arte-miy333 [17]

2 years ago

7

What uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously? static process dyna

mic process sales process customer service process?

1 answer:

s344n2d4d5 [400]2 years ago

8 0

The correct answer is: [A]: "static process" .
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2. An electronics manufacturing firm is currently manufacturing resistors that have a variable cost of $0.50 per unit and a sell

SCORPION-xisa [38]

Answer:

a. Should the firm buy the new equipment?

no, because operating profit will decrease

b. What is the minimum price the company would have to charge in order for the new equipment to be worth purchasing (assuming the higher or lower price doesn’t affect the 500,000 unit volume)?

$1.02 per unit

Explanation:

contribution margin per unit = $0.50

total units sold = 300,000

fixed costs = $100,000

operating income = (300,000 x $0.50) - $100,000 = $50,000

if the firm improves the quality of their products:

contribution margin per unit = $0.40

total units sold = 500,000

fixed costs = $160,000

operating income = (500,000 x $0.40) - $160,000 = $40,000

if you want to keep operating income at $50,000 then minimum sales price should be:

500,000 = $210,000 / contribution margin

contribution margin = $210,000 / 500,000 = $0.42

sales price = contribution margin + variable costs = $0.42 + $0.60 = $1.02 per unit

5 0

2 years ago

When compared to static budgets, flexible budgets: a.encourage managers to use less fixed cost items and more variable cost item

ladessa [460]

Answer: d. offer managers a more realistic comparison of budgeted and actual revenue and cost items under their control.

Explanation: A flexible budget is a budget that is flexible, in that it changes with changes in volume or activity. It reflects the expenditure appropriate to various levels of output and offers managers a more realistic comparison of budgeted and actual revenue and expenditure under their control that is applicable for that particular level of activity attained or achieved. As such it is far more useful and sophisticated than the static budget (whose budget amounts do not change) prepared before the fiscal period began when the production/activity level was uncertain.

4 0

2 years ago

Read 2 more answers

if estimated land value is 225,000 total net operating income is 85,000 and interest on the estimated land value is 14% per year

marishachu [46]

Answer:

Residual income is $53,500

Explanation:

To compute residual income, we have to find first the required minimum return by multiplying the value of an asset by the rate of return. Afterwards, we will deduct the minimum rate of return from the total net operating income of the period.

Residual income = net operating income - (minimum rate of return x value of an asset)

• = $85,000 - ( 14% x $225,000 )

• = $85,000 - $31,500

• = $53,500 (answer)

7 0

2 years ago

I just came back on this website after like 2 years so like....Im gonna meme this until this account gets taken down. Someone gi

Nutka1998 [239]

Answer:

I'm not saying I hate you, but I would unplug your life support to charge my phone...

8 0

2 years ago

Read 2 more answers

Explain why a finance manager need to understand accounting information even if the firm has a trained accountant on its staff.

nekit [7.7K]

Answer:

Following are the solution to the given question:

Explanation:

A financial manager should understand adequate information on accountancy. This is irrespective of whether the business does have a trained counterpart.

Accountancy is a necessary input into the function of financial management. Throughout the extent, as accounts were important input in financial decision-making is closely connected with both the interaction between finance and financial.

Accrual analysis provides information mostly on the company's operations. The result of the accountancy is accounts like the income statement, the income statement, and the position financial adjustments report. The information in such statements helps money advisors assess a company's previous growth and career projections.

The purpose of accountancy in the choice process is to gather and provide financial data on the institution's past, present, and future activities.

During the economic transaction, the finance department uses these data. This is not possible for money advisors to collect data or to make choices from accounts. And an investor's primary focus is to collect data and display it, whereas budgeting, control, and judgment are the main job of a financial manager. In a sense, financial management starts at the end of accountancy.

7 0

2 years ago