All categories

3 years ago

What is the input, conversion, and output of operating a summer band camp?

1 answer:

7 0

Input is the object, the material, the information, land, equipment, money, knowledge we fed into a process.
Output is the created product (good or service) that provide added value to customers. And the process that makes conversion from the input into the output is the operations management.
In our case the final product is operating a summer band camp. The input are materials, buildings (where the camp will be located), hiring staff, but also non-material things -advertising for example. The conversion is rebuilding, interviewing staff.. and the output is opened summer band camp, satisfied customers and hired staff .

You might be interested in

The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing unit. The president is in t

trasher [3.6K]

Answer:

AC Problems : Incurred even at 0 output level, much varying & deviant from cash flows

VC Problems : Doesn't include fixed cost, incomplete expenditure, incomplete financial (accounting) statements.

Explanation:

Average Cost is the cost per unit off output.

Problems with AC as a performance measure :

It includes all (fixed & variable cost) average. So, including fixed cost, it is not zero even at zero output level.
It's variance analysis during production & cost phases is very complicated.
It's result are deviant as evident from cash flows.

Variable Cost is the cost incurred on variable factors of production.

Problems with VC as a performance measure :

It doesn't include fixed cost. So, it is not a correct measure of complete total expenditure.
Fixed costs are huge. No financial inclusion of them makes accounting information unreliable (for legal purposes)

6 0

3 years ago

TEN POINTS! Fairfield is a small, rural town in the countryside of Pennsylvania. The three biggest stores there are a natural fo

Yuri [45]

Answer:

The Natural Foods Shop and The Bakery

Explanation:

These two stores sell like goods (food) while the sporting goods doesn't sell food

4 0

2 years ago

Read 2 more answers

Pursuant to a contract, a landscaper performed $30,000 of landscape work for a homeowner. By coincidence, the homeowner and the

vfiekz [6]

Answer:

NO, court does not have subject matter jurisdiction over the landscaper's contract claim

Explanation:

given data

landscape work = $30,000

seeking in damages = $100,000

solution

landscaper assert and maintain claim against an home owner for breach of contract is no because court have diversity of an citizenship in the jurisdiction over an home owner for negligence claims .

we know that Federal Rule of Civil Procedure permit only counter claims and federal court have not any subject matter jurisdiction over an landscaper contract claims

6 0

3 years ago

Rachelle transfers property with a tax basis of $800 and a fair market value of $900 to a corporation in exchange for stock with

notsponge [240]

Answer:

A. $900

Explanation:

Section 351 states that no gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368(c)) of the corporation. Therefore, Rachelle's tax basis in the stock received in the exchange equals to the sum of the stock's fair market value of $750, $50 in cash, and the liability of $100 that the corporation credited into their book.

5 0

2 years ago

Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $9

11111nata11111 [884]

Answer: The farmer's economic profit is $2,75,000.

Explanation:

Cost Incurred for Growing peaches (Explicit Cost) :

Rents equipment = $90,000 a year

Paid Wages = $1,50,000

Total Explicit cost = $2,40,000

Total Revenue(TR) Earned:

TR = Number of baskets of peaches produced per year × selling price of each peaches

= 2,00,000 × $3.00

= $6,00,000

Opportunity Cost (Implicit Cost):

Interest rate on savings ( 5 %) = 5% of $1,000,000

= $50,000

Farmer earn as a shoe salesman = $35,000

Total implicit cost = $85,000

Economic Profit:

Economic Profit = Total Revenue - Implicit cost - Explicit cost

= $6,00,000 - $85000 - $2,40,000

= $2,75,000

3 0

2 years ago