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daser333 [38]
4 years ago
7

Ortein, a shoe manufacturing company, wanted to cut costs and hence laid off half its employees from two of its departments. It

then made the departments share free resources with each other. This sharing of resources led to the company improving the overall productivity of the two departments, and it also helped in reducing costs. This approach is an example of _________.
a) dominance
b) synergy
c) anarchy
d) compromise
Business
1 answer:
jonny [76]4 years ago
4 0

Answer:

b) synergy

Explanation:

Synergy -

It describes the benefit gain by strategically organizing itself to maximize  innovation and cooperation .

These organization with synergic approach achieves more as a group than with individual .

hence , in the question , the approach shown by the Ortein company is an example of b) synergy .

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Use the information from the balance sheet and income statement below to calculate the following ratios:
Marina86 [1]

Answer:

a. Current Ratio  = current assets / current liabilities = 190,000 / 153,000 = 1.24

b. Acid-test ratio  = (current assets - inventory) / current liabilities = (190,000 - 50,000) / 153,000 = 0.92

c. Times interest earned  = EBIT / interest expense = 65,000 / 8,000 = 8.13

d. Inventory turnover  = COGS / inventory = 90,000 / 50,000 = 1.8

e. Total asset turnover  = net sales / total assets = 210,000 / 525,000 = 0.4

f. Operating profit margin  = operating income / total sales = 65,000 / 210,000 = 0.31

g. Days in receivables  = (accounts receivables / total sales) x 365 = (30,000 / 210,000) x 365 =  52.14 days

h. Operating return on assets  = operating income / total assets = 65,000 / 525,000 = 0.12

i. Debt ratio  = total liabilities / total assets = 273,000 / 525,000 = 0.52

j. Fixed asset turnover  = total sales / fixed assets = 210,000 / 335,000 = 0.63

k. Return on equity = net income / total equity = 45,030 / 252,000 = 0.18

4 0
3 years ago
The specific details of a job offer, such as working hours, salary or wages, and fringe benefits.
madreJ [45]

Answer:

A that is job interview.

A yes it is necessary to send a follow-up letter.

Explanation:

Job interview gives you details of the job that is offered having description on wages, working hours and incentives/ benefits.

It is important to send follow-up letter because this way you put a reminder to your application and you professionally introduce yourself to the recruiter or the company.

6 0
4 years ago
Read 2 more answers
g In November and December 2017, Marigold Corp., a newly organized magazine publisher, received $79800 for 1,000 three-year subs
denpristay [2]

Answer:

$0

Explanation:

According to the revenue recognition principle, the revenue should be recorded when the service is delivered or it is recognized not when the cash is received

Therefore the amount of $79,800 would be the deferral and should be recorded from Jan 2018 when the subscription starts issued

Hence, no amount would be recognized

7 0
4 years ago
One of the following is an example of managing earnings down (reducing earnings)?
malfutka [58]

Answer:

The answer is (C) Revising the estimated life of equipment from 10 years to 8 years.

Explanation:

Revising estimated life of equipment from 10 years to 8 years has the effect of increasing annual charge of depreciation.

8 0
4 years ago
25. Malcolm is working full-time and wants to make sure he's saving strategically for four specific goals: an emergency fund ($5
Degger [83]

A good strategy for saving or paying of debt is called the snow ball effect.

First, he would definitely need to save for his retirement before anything else.

Then you start tackling the smallest goal first. Once that one is paid off, you take that amount and apply it to the next goal and one from there.

8 0
3 years ago
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