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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 .

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When a commercial for men's razor blades demonstrate how the blades work to create the closest shave, the brand is using a _____

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Answer:

a) Informational

Explanation:

The company is using informational appeal in its advertisement to convince the buyers that they need the product and shows how it works. . This type of appeal informs customers of the features, quality and benefits of a product. The demonstration of how the blades work helps the potential customers to make a rational decision as it it portrays that the blades' function of the providing the closest shave is what they need.

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3 years ago

Suppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,00

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Answer: The correct answer is e). 3.67%

Explanation: An ordinary annuity is a series of payments made at the end of each period.

The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)

Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.

Therefore; 3500000 = 250000×((1-(1+r)^-20)/r

This will give the rate as 3.67%

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3 years ago

On November 1 of the current year, Rob Elliot invested $29,750.00 of his cash to form a corporation, GGE Enterprises Inc., in ex

slavikrds [6]

Answer:

1. What is the amount of profit or loss during December?

$9,300

2. What were the total expenses for December?

$12,950

3. How much was paid for rent?

$1,220

Explanation:

we are missing some numbers, so I looked for a similar question. I found one that was almost identical, but the amount of initial paid in capital varied by a little bit. I still used it with the only difference that I used the given common stock, not the common stock that appears in the picture.

Common stock $29,750

retained earnings for November = $5,000

total assets = $56,150

total stockholders' equity = $38,300

retained earnings = $38,300 - $29,750 = $8,550

$5,000 from November
$3,550 from December

December's profit = $3,550 (retained earnings) + $5,750 (dividends) = $9,300

income statement = $27,250 - total expenses = $9,300 + $5,000 = $14,300

total expenses = $27,250 - $14,300 = $12,950

utilities expense = $12,950 - $6,450 - $4,625 - $1,220 = $655

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3 years ago

Joseph is trying to select a new couch for his living room. as he looks at each couch at the furniture store, he tries to visual

Elza [17]

spatial intelligence

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3 years ago

On January 1, 2018, Friendly Farm Company purchased a new machine at a cost of $350,000. The machine has an estimated useful lif

schepotkina [342]

Answer:

Friendly Farm Company

Schedule of Straight-line, Units of Production, and Double Declining Balance:

Straight-line Units of Production Double Declining

Year 1 Book value $350,000 $350,000 $350,000

Depreciation Exp. $80,000 $96,000 (30,000*$3.20) $175,000

Year 2 Book value $270,000 $254,000 $175,000

Depreciation Exp. $80,000 128,000 (40,000*$3.20) 87,500

Year 3 Book value $190,000 $126,000 $87,500

Depreciation Exp. $80,000 64,000 (20,000*$3.20) 43,750

Year 4 Book value $110,000 $62,000 $43,750

Depreciation Exp. 80,000 32,000 (10,000*$3.20) $13,750

Residual value $30,000 $30,000 $30,000

Explanation:

a) Data and Calculations:

Cost of new machine = $350,000

Estimated useful life = 4 years or 100,000 hours

Residual value = $30,000

Usage of machine:

Year 1 = 30,000 hours

Year 2 = 40,000 hours

Year 3 = 20,000 hours

Year 4 = 10,000 hours

Units of Production = $320,000/100,000 = $3.20 per unit

Depreciable amount = $320,000 ($350,000 - $30,000)

Straight-line method, Depreciation per year = $80,000 ($320,000)

= 25% (100/4).

Depreciation expense, using Double-Declining Balance rate = 25% * 2 = 50%:

Year 1 = $350,000 * 50% = $175,000

Year 2 = $175,000 * 50% = $87,500

Year 3 = $87,500 * 50% = $43,750

Year 4 = $13,750 ($43,750 - $30,000)

b) These different methods still arrive at the same end result as shown above. Note that depreciation is an accounting estimate which spreads the cost of an acquired long-term asset over its useful life.

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3 years ago