Answer:
$18,396
Explanation:
Average sales of the store per day = $1,680
Number of days in a year = 365
Total sales in a year = $1,680 x 365 = $6132,200
Shrinkage rate = 3%
Losses for an entire year = 0.03 x $6132,200 = $18,396
You are most likely discussing the general business environment in which your company must operate.
<h2>
What is the general environment in business?</h2>
The diversity of external elements that have an impact on an organization's performance and operation is known as the general environment, or macro-environment. These outside factors can decide whether a company encounters market opportunities or failures.
The overall environment can influence how a firm identifies itself, the products it sells, and how it interacts with other businesses and regulatory bodies. When performing market research and strategic analysis, businesses often consider the overall environment.
<h2>
What are the six elements of the business environment?</h2>
Sometimes, economic and legal aspects are combined to form five major components of the business environment. Political, economic, social, technological, legal, and environmental factors are the six components of the business environment.
<h3>
What is the external business environment?</h3>
- Economic, political and legal, demographic, social, competitive, international, and technological sectors make up the external business environment.
- Managers need to be aware of how the environment is changing and how those changes are affecting the company.
learn more about area(s) of the general external business environment:
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Answer:
b. $300 Favorable
Explanation:
The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 1,500 pounds × ($19.30 - $5,700 ÷ 1,500 pounds)
= 1,500 pounds × ($4 - $3.8)
= 1,500 pounds × $0.2
= $300 favorable
We simply take the difference of the prices and then multiplied it by the actual quantity so that the correct amount can be calculated
Answer: a. 12.5%
b. -16.67%
c. 5.88%
Explanation:
a. Energy Change will be:
(Production x 12)/Energy
Last year : (1500 × 12)/3200
= 5.625loaves/BTU
Now : (1500 × 12)/2800
= 6.42857 loaves/BTU
Percent Change will be:
= [6.42857 - 5.625]/6.42857 × 100
= 12.5%
b. Capital productivity increase will be:
= Production x 12)/Capital investment
Last year : (1500 × 12)/15000
= 1.2loaves/BTU
Now : (1500 × 12)/18000
= 1 loaves/BTU
Percent Change will be:
= (1-1.2)/1.2 × 100
= -16.67%
b. Labor Change:
Last year : (1500 × 12)/340
= 52.94 loaves/labor hour
Now : (1500 × 12)/320
= 56.25 loaves/labor hour
Percent Change:
= (56.25 - 52.94/56.25) × 100
= 5.88%
