Answer:
The correct answer is total revenue; total cost.
Explanation:
Cost reduction is one of the most addressed issues in companies. They do it all the time since it is a permanent process. This is because it always seeks to improve the profitability of the company and, consequently, productivity. In other words, try to "do more with less", which is to produce more with what you have or produce the same with lower expenses. In both cases the objective is to reduce costs.
A company can reduce costs for many reasons: for a drop in sales, for lack of liquidity, for not having access to credit, etc. And when this happens, the cost cut occurs in the areas of human resources with the dismissal of personnel, the restructuring of the purchase processes, changes of suppliers, among other measures.
It is important to know what the current production process is and, if possible, redesign it, seeking to eliminate unnecessary steps, that is, to shorten the production processes. A long production line implies a greater number of workers, more work in the process and more time in product development. It also increases the possibility of errors in the process.
To make the cost reduction in your company even more efficient, you need to know each process deeply to detect unnecessary steps and help you reduce processes and / or procedures that in the medium or long term translate into cost reduction.
It seems that you have forgotten to post the given choices for this question, but i hope this answer will help you with what you are looking for. Anyway, <span>The market research process consists of the following steps: Identify research objectives, Determine methods and sources, Gather secondary research, Conduct primary research, Organize and analyze data, and Draw conclusions.</span>
Answer:
False
Explanation:
Expansionary monetary policy is when a central bank uses its tools to stimulate the economy. That increases the money supply, lowers interest rates, and increases aggregate demand. It boosts growth as measured by gross domestic product.
Answer: Common stock = $74810
Explanation:
The expanded Accounting Equation is an accounting equation that places more emphasise on the on the owners equity amount by showing separately how each transaction affects owners equity amount.
Assets= liabilities + Capital+ revenue - expenses - dividends
85410 = 1760 + common stock + 50265 - 24675 - 16750
Common stock = 24675 + 16750 - 50265 - 1760 + 85410
Common stock = $74810
Answer:
the company should produce 175 modern desks and 404 traditional desks. The profit form this production level = (404 x $350) + (175 x $450) = $141,400 + $78,750 = $220,150
Explanation:
some information was missing, so I looked it up:
we have to maximize profit following the equation 350t + 450m
the constraints are:
1.5t + 2m ≤ 1000
3t + 4.5m ≤ 2000
2.5t + 1.5m ≤ 1500
t ≥ 0.2(t + m)
m ≥ 0.3(t + m)
using solver, the result is:
m = 175
t = 404
profit = (404 x $350) + (175 x $450) = $220,150
606 + 350 ≤ 1000 ⇒ 956 ≤ 1000 ✓
1,212 + 787.5 ≤ 2000 ⇒ 1,999.5 ≤ 2000 ✓
1010 + 262.5 ≤ 1500 ⇒ 1,272.5 ≤ 1500 ✓
404 ≥ 0.2 x 579 ⇒ 404 ≥ 115.8 ✓
175 ≥ 0.3 x 579 ⇒ 175 ≥ 173.7 ✓