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Arisa [49]
3 years ago
10

Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its servi

ce, which will require the company to have several technicians on call. Links hopes this practice will give it an advantage over the competition, none of which have adopted such a practice. Links Cable Network is introducing a(n) ______ change.
Business
1 answer:
Anastaziya [24]3 years ago
4 0

Answer:

Radically innovative.

Explanation:

In this scenario, Links Cable Network has decided to offer a one-hour appointment window for customers needing installation or repair of its service, which will require the company to have several technicians on call. Links hopes this practice will give it an advantage over the competition, none of which have adopted such a practice. Links Cable Network is introducing a radically innovative change.

A radically innovative change is a strategic business approach aimed at developing the business drastically.

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Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2017 Dec. 31, 2016 Current ass
stiks02 [169]

Answer:

Liquidity measures for the year 2017 are as under:

Current Ratio = 1.5  

Working Capital = $100,000  

Acid Test Ratio = 0.95  

Accounts Receivables Turnover = 10 times  

Inventory turn over = 4 times  

Explanation:

<u>Current Ratio</u>

        Current Ratio = Current Assets ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 ÷ $200,000                   $245,000  ÷ $155,000  

Current Ratio                 1.5                                                  1.6  

<u>Working Capital</u>  

       Working Capital = Current Assets – Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016 </u>

                      $300,000 – $200,000                   $245,000  – $155,000

Working Capital         $100,000                                     $90,000  

 

<u>Acid Test Ratio</u>

        Acid Test Ratio = (Current Assets – Inventory)  ÷ Current Liabilities

                          <u>Dec 31, 2017</u>                                     <u>Dec 31, 2016</u>

($300,000 – $110,000) ÷ $200,000     ($245,000 – $90,000) ÷ $155,000

Acid Test Ratio           0.95                                                1.00  

 

<u>Accounts Receivables Turnover Times</u>  

Accounts Receivables Turnover = Credit Sales ÷ Average Accounts Receivables

Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) ÷ 2

Average Accounts Receivables = ($55,000 + $95,000) ÷ 2 = $75,000

Accounts Receivables Turnover = $750,000  ÷ $75,000 = 10 Times

<u>Inventory Turnover Times</u>

Inventory Turnover = Cost of Goods Sold ÷ Average Inventory

Average Inventory = (Opening Inventory + Closing Inventory)  ÷ 2

Average Inventory =  ($110,000 + $90,000)  ÷ 2 = $100,000

Inventory Turnover =  $400,000  ÷ $100,000 = 4 Times

 

5 0
3 years ago
Thomas Martin receives an hourly wage rate of $40, with time and a half for all hours worked in excess of 40 hours during a week
Svetllana [295]

Answer:

$2,080

Explanation:

Earnings at regular rate (40 x 40) $1,600

Earnings at overtime rate

( 8(40 x 1.5))

=8×60

= $480

Hence:

$1,600 + $480 = $2,080

Therefore the gross pay for Martin will be $2,080

8 0
3 years ago
Choose the portfolio from the following set that is not on the efficient frontier. Group of answer choices C: expected return of
ddd [48]

Answer:

Option C is correct one.

expected return of 38 percent; standard deviation of 38 percent

Explanation:

Expected return of 38 % and Standard deviation of 38%. this will be optimum return and not an efficient frontier.

4 0
3 years ago
calls for establishing cost reduction targets for products or services that an organization is currently providing to customers.
dezoksy [38]

Answer:

A. Kaizen costing

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, a direct cost can be defined as any expense which can easily be connected to a specific cost object such as a department, project or product. Some examples of direct costs are cost of raw materials, machineries or equipments.

On the other hand, any cost associated with the running, operations and maintenance of a company refers to indirect costs. Some examples of indirect costs are utility bill, office accessories, diesel etc.

Kaizen costing refer to calls for establishing cost reduction targets with respect to products or services that an organization is currently providing to customers. The word "Kaizen" has a Japanese origin and it simply means continuous improvement to a thing.

8 0
3 years ago
ToyMax seeks to determine the number of Kanban containers needed to feed a newly established work cell. The cell requires 600 pa
kirza4 [7]

Answer:

5.25 containers are needed

Explanation:

Given:

Total Demand for 8 hour = 600

Safety stock = 50%

Container size = 100

Lead hour = 3 hour

Computation of container required:

Demand for an hour = 600/8  = 75

Safety stock = 50% of 600 = 300

Needed container = [(Demand for an hour x Lead hour) + Safety stock ] / 100

= [(75 x 3) + 300] / 100

= 525 /100

=5.25

Therefore, 5.25 containers are needed

3 0
3 years ago
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