1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leya [2.2K]
3 years ago
6

Which of the following factors should be considered when deciding whether to keep a product line or drop it? Check All That Appl

y a. Opportunity costs of using the production facility currently being used for the product line b. Opportunity costs of using the production facility currently being used for the product line c. Revenues generated by the product line Revenues generated by the product line d. Variable costs incurred in manufacturing the product e. Variable costs incurred in manufacturing the product f. Direct fixed costs associated with the product line g. Direct fixed costs associated with the product line h. Common fixed costs allocated to the product line i. Common fixed costs allocated to the product line j. Research and development costs spent on designing the product line
Business
2 answers:
Kay [80]3 years ago
7 0

Answer:

a. Opportunity costs of using the production facility currently being used for the product line

c. Revenues generated by the product line

d. Variable costs incurred in manufacturing the product

f. Direct fixed costs associated with the product line

Explanation:

We should check making the analysis considering the product line as cost object therefore, we should only look at the direct cost of the line and check if it profitable or not at this level.

Then, the line may not be able to generate sufficient profit for their entire indirect cost (allocate fixed cost) but, it bear a portion of them therefore, cutting the line will make the bottom line of the firm worse as these portion will be split into the other lines.

OLEGan [10]3 years ago
7 0

Answer:

The correct answers are the options: A and C.

A: Opportunity costs of using the production facility currently being used for the product line

C: Revenues generated by the product line.  

Explanation:

To begin with, a <em>product line</em> is the name that receives, in the marketing and business field, the concept that refers to a group of products that are related to each other and being sold to the market audience.

To continue, in order to know whether to keep it or to drop it, the company should focus its primary attention in the opportunity costs of using the production facility currently being used for the product line because that cost will show how much the company could be earning if they were using the facility for other product, so that means that this cost is the most important one to understand if there is a product that worth more or not. And the other factor that the organization should care about is the proper revenues that are being made in that product line, if the revenue is a great number then the variable and fixed costs of the product line will not matter.

You might be interested in
Instructions: Read the Grand View Grocers Corporation case below.
Natali5045456 [20]

<u>Solution and Explanation:</u>

The following would be the specifications of the training module for the cashiers:

1. There would be multiple modules consisting of the job responsibilities as refresher courses and at the same time, the new market conditions and additional job related things that they must be doing in the near future would be the other modules.

2. The key areas that the multi module training program would be focussing on would be, customer relationship training, system and data maintenance training, documentation and accounting module

3. The training intervention would be preferably on job and alongside there would be a mentor/coach allotted to the cashiers who are experts in the field preferably store managers and functional experts. For the system related modules, they would be having simulation based modules. Only during the non rush-hours there would be offline training and update sessions with respect to the progress made on their training and the productivity improvement they have achieved over the past week.

The incentives associated with the productivity improvement would be translated into incentivising the cashiers to take up the training modules. The weekly update on the productivity improvement and the progress in their training would inturn make them competitive in nature. While coming to why such distribution has been done with respect to the modules, essentially if we look at the job of the cashiers, it’s a round the clock job and they would lose out on precious working hours if the training is done on an offline basis.

The simulations would definitely help understand the process but the on job training would be the one that is standing out, as they would be continuing their task and at the same time, the result is right in front on them to experience and therefore the distribution of the modules to not stress them out and at the same time not losing out on their time as well.

6 0
3 years ago
Which labor market strategy is an organization most likely to pursue if it is experiencing a shortage of funds or has a sufficie
avanturin [10]

Answer:

First quartile labor market strategy

Explanation:

In the case when the organization wants to pursue when the organization is experiencing a funds shortage or has the enought number of workers or the rates of the unemployment is quite high

So this situation represents the first quartile labor market strategy

hence, the same is to be considered

Therefore the above is the answer

4 0
2 years ago
(a) On July 1, Blue Spruce Co. sold merchandise on account to Waegelein Inc. for $17,300, terms 2/10, n/30. (b) On July 8, Waege
GarryVolchara [31]

Answer and Explanation:

The journal entries are shown below:

On July 1

Account receivable A/c Dr $17,300

         To Sales $17,300

(Being the goods are sold on credit)

On July 8

Sales return and allowance A/c Dr $4,000

          To Accounts receivable $4,000

(Being sales return is recorded)

On July 11

Cash  ($17,300 - $4,000) × 98%        $13,034

Sales discount  ($17,300 - $4,000) × 2% $266

       To Account receivable ($17,300 - $4,000) $13,300

(Being the cash received is recorded)

Only these three entries are recorded

5 0
3 years ago
A check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What entry is required in the c
olga2289 [7]

Answer:

d. debit Accounts Receivable; credit Cash

Explanation:

The cash has been credited with $695 instead of $965 which means that $270 has been credited short. Same way, the liabilities have been debited by $270 short. So, we will have to reverse the entry ie. debit Accounts Receivable; credit Cash

8 0
3 years ago
_____are the most common form of business​ organization, comprising about 71 percent of all firms. Each is owned by a single ind
Grace [21]

Answer:

Sole proprietorship; unlimited; partnership; unlimited; shareholders; limited; opportunity; greater; maximize.

Explanation:

Sole proprietorship business is a type of business that is owned by a single person and as such their profits are taxed once as personal income tax. It is a type of business that is typically owned by an individual or one person and as such is solely responsible for its debts.

Sole proprietorship are the most common form of business​ organization, comprising about 71 percent of all firms. Each is owned by a single individual who makes all business​ decisions, receives all the​ profits, and has unlimited liability for the​ firm's debts.

Partnership are much like ​proprietorships, except that two or more​ individuals, or​ partners, share the decisions and the profits of the firm. In​ addition, each partner has unlimited liability for the debts of the firm.

Corporation are responsible for the largest share of business revenues. The​ owners, called shareholders, share in the​ firm's profits but normally have little responsibility for the​ firm's day-to-day operations. They enjoy limited liability for the debts of the firm. Corporations can be sold through stocks or shares, as a public entity.

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB). Accounting profits differ from economic​ profits, which are defined as total revenues minus total​ costs, where costs include the full opportunity cost of all of the factors of production plus all other implicit costs.

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

The full opportunity cost of capital invested in a business is generally not included as a cost when accounting profits are calculated.​ Thus, accounting profits often are greater than economic profits. We assume throughout that the goal of the firm is to maximize economic profits.

8 0
3 years ago
Other questions:
  • Ruth, who files as head of household, reported itemized deductions of $9,450 on her 2017 tax return. Her itemized deductions inc
    13·1 answer
  • Mike started a calendar year business on September 1st of this year by paying 12 months rent on his shop at $1,000 per month. Wh
    10·1 answer
  • On January 1, 2019, Oriole Company purchased the following two machines for use in its production process.
    6·1 answer
  • An investor has a $5,000 pretax return, The state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investme
    5·1 answer
  • Pine Creek Company completed 200,000 units during the year at a cost of $3,000,000. The beginning finished goods inventory was 2
    7·1 answer
  • Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called H
    12·1 answer
  • 5-5 TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you
    14·1 answer
  • What makes an Interior Design Business so successful
    13·1 answer
  • A foreign branch bank operates like a local bank, but legally Group of answer choices a branch bank is subject to only the banki
    9·1 answer
  • A company sold equipment that originally cost $280,000 for $140,000 cash. the accumulated depreciation on the equipment was $140
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!