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defon
3 years ago
15

Consider a fast food café of your choice. Apply 4 V’s of Operation. Describe each V as ‘High’, ‘Low’ or ‘Moderate’ with one line

r reason.
Business
1 answer:
Marrrta [24]3 years ago
7 0

Answer:

4 V's of Operation

The 4 V's of operation are Volume, Variety, Variation, and Visibility.  Let us take Mrs. Happy Food Cafe with over 100 outlets in Fiacton Town, as an example to illustrate the 4 V's of operation.

Volume: As a food cafe, the volume of production that will be required for some foods and drinks is so high that their provision requires repetitive tasks.  Based on this, procedures are normally standardized in order to achieve low cost for foods and drinks.  However, it is harder to standardize services, since personal touches are added by the servers based on their individual perceptions and abilities.

Variety: Mrs. Happy Food Cafe tries to bring some variety in her offerings to satisfy the various needs of her customers.  While variety is naturally low in the Food Cafe sector, some cafes like Mrs. Happy Good Cafe, try to satisfy customers' demands by varying the foods with Continental, African, Latino cuisines and dishes.

Variation: At Mrs Happy Food cafes, the food and drinks do not vary much as customers expect to be served the same quality of services at any of their cafes.  This is because the processes are standardized to achieve low cost.  So, the variation is moderate.

Visibility: Customers of Mrs Happy Food cafes are not able to see and track their experiences of the the processes for the food preparation that they order.   But, they can track the processes for the services because services are consumed as they are offered.  So, visibility is 'Moderate," as it is divided between the hard goods and the soft goods.  With respect to goods visibility is 'Low.'  However, with respect to the services the customers' visibility of processes is high.

Explanation:

The 4 V's of operation describe the different characteristics of the processes that various entities use to transform their inputs into outputs of goods and services.  They may be high, low, or moderate.  They include, volume, variety, variation, and visibility.

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Malinda's auto dealership of imported cars made $895,000 in revenue. The manager has determined that the total expenses equal to
jarptica [38.1K]

Answer:

Profits: $297,000

Explanation:

Revenue is the money generated by a business by selling its products and services to customers. Expenses are the cost incurred in the production and selling of goods and services.

Profits arise when revenues exceed expenses.

For Malinda Auto dealership, the revenue ($895,000) exceed expenses($598,000). Therefore, the business will realize a profit.

Profit = revenue - expenses

=$895,000 -$598,000

=$297,000

8 0
3 years ago
On January 1, 2022, the ledger of Oriole Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearn
kondaur [170]

The preparation of the journal entries is as follows:

<h3>Journal Entries for January Transactions:</h3>

Date                 Account Titles and Explanation     Debit    Credit

Jan. 1, 2022:   Cash                                             $518,000

                        Notes Payable                                           $518,000

  • (To record borrowing on notes payable for 4 months at 5%.)

Jan. 5, 2022:  Cash                                                $5,936

                       Sales Taxes Payable                                        $336

                       Sales Revenue                                              $5,600

  • (To record the sale of merchandise for cash.)

Jan.. 12, 2022: Unearned Service Revenue       $11,700

                        Service Revenue                                         $11,7004

  • (To record the performance of services for customers.)

Jan. 14, 2022: Sales Taxes Payable                   $8,200

                        Cash                                                            $8,200

  • (To record the payment of sales taxes collected in December.)

Jan. 20, 2022: Accounts Receivable            $384,780

                          Sales Taxes Payable                              $21,780

                          Sales Revenue                                    $363,000

  • (To record the sale of 660 units at $550 per unit, plus 6% sales tax.)

<h3>Adjusting Journal Entries:</h3>

Date                Account Titles and Explanation     Debit    Credit

Jan. 31, 2022: Interest Expense                           $2,158

                       Interest Payable                                           $2,158

  • (To record the interest on outstanding notes payable.)

Jan. 31, 2022: Wages Expense                         $98,000

                       Wages Payable                                        $98,000

  • (To record the wages expenses accrued.)

Jan. 31, 2022:  Wages Expense                        $14,295

                         Payroll Taxes Payable                          $14,295

  • (To record payroll and withholding taxes.)

Jan. 31, 2022: Payroll Taxes Expense              $7,497

                       Payroll Taxes Payable                            $7,497

  • (To record employer's payroll taxes.)

2. The preparation of the current liabilities section of the balance sheet at January 31, 2022, is as follows:

<h3>Liability Accounts:</h3>

Accounts Payable                 $44,100

Sales Taxes Payable               22,116

Unearned Service Revenue   8,900

Notes Payable                     518,000

Wages Payable                    98,000

Payroll Taxes Payable          21,792

Interest Payable                     2,158

Total current liabilities   $715,066

<h3>Transactions Analysis:</h3>

Liability Accounts:

Accounts Payable $44,100

Sales Taxes Payable 8,200

Unearned Service Revenue  20,600

Jan. 1, 2022: Cash $518,000 Notes Payable $518,000 4-month, 5%

Jan. 5, 2022: Cash $5,936 Sales Taxes Payable $336 Sales Revenue $5,600

Jan.. 12, 2022: Unearned Service Revenue $11,700 Service Revenue $11,700

Jan. 14, 2022: Sales Taxes Payable $8,200 Cash $8,200

Jan. 20, 2022: Accounts Receivable $384,780 Sales Taxes Payable $21,780 Sales Revenue $363,000

Jan. 31, 2022: Wages Expense $98,000 Wages Payable $98,000

Jan. 31, 2022:  Wages Expense $14,295 Payroll Taxes Payable $14,295

Jan. 31, 2022: Payroll Taxes Expense $7,497 Payroll Taxes Payable $7,497

Jan. 31, 2022: Interest Expense $2,158 Interest Payable $2,158

<h3>Liability Accounts:</h3>

Accounts Payable $44,100

Sales Taxes Payable 22,116 (8,200 + 336 -8,200 + 21,780)

Unearned Service Revenue 8,900 (20,600 - 11,700)

Notes Payable $518,000

Wages Payable $98,000

Payroll Taxes Payable $21,792 ($14,295 + 7,497)

Interest Payable $2,158

Learn more about journalizing sales transactions at brainly.com/question/17201601

#SPJ1

3 0
2 years ago
What is the difference between inflation and deflation?
Lorico [155]
I don't know maybe c
6 0
4 years ago
Read 2 more answers
A registered publicly traded issuer has 10,000,000 shares outstanding. If a wealthy investor buys 6,000,000 shares and intends t
Harrizon [31]

Answer:

the investor must file a 13D report with the SEC.

Explanation:

Any investor that holds more than 5% of the outstanding stocks of a publicly traded corporation must file a 13D report. The investor is classified as a beneficial owner by the Securities and Exchange Commission (SEC) since their influence and voting power in the corporation are very large. It must be filed within 10 days of the transaction that resulted in more than 5% in the corporation.

4 0
3 years ago
Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labor is $55 per unit. Variable
r-ruslan [8.4K]

Answer:

c. $229

Explanation:

To compute the total absorption cost per unit we do the following,

Absorption of fixed costs = Fixed costs / units produced

Absorption cost = 200,000 / 4000 = $50/unit

Total cost of each individual unit = 99 + 55 + 25 + 50 = $229

This includes direct material, direct labor, manufacturing overhead and the fixed absorption cost.

With absorption costing we take all the goods produced in a period as denominator for the Fixed costs.

Hope that helps.

5 0
4 years ago
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