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3 years ago

Choose a company you know of that you think is good at innovation, describe at least one innovative thing that company has done.

Business

1 answer:

drek231 [11]3 years ago

7 0

Answer:

3M is the one of the most innovative companies which this world has ever seen.

Sticky Post-it-Notes, is the most important innovations of 3M.

Explanation:

3M is the most innovative organisation, ever, on the face of the earth. There are many innovative products 3M has invented; ranging from Scotchguard for your shoes protection, and Scotch Tapes for giving your shoes entirely a new look and feel, phone cases, skins for laptops etc.

Sticky Post-it-Notes, is the most important innovations of the 3M, which changes the many work-related and home-based methods which previously were used for saving and memorizing the information.

How Sticky Post-it-Notes got invented

One of the project team at 3M was working on making glue, the formula went wrong. On analysis, they came to know that they have invented a new kind of glue which is sticky, adhesive and at the same time it can be peel off from the surface as well, so, from here they reached towards a totally new type of product, which is known to today's world as Sticky Post-it-Notes.

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In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in

NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= $\frac{6}{100} * 2,190,000$ = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= $\frac{6}{100} * 1,295,000$ = $77,700

3 0

2 years ago

A process plant making 5000 kg/day of a product selling for $1.75/kg has annual variable pro- duction costs of $2 million at 100

pantera1 [17]

Answer:

a. Breakeven point = Fixed cost / Contribution margin

Contribution margin = Selling price - Variable costs per unit

Variable cost per unit = 2,000,000 / (5,000 * 365 days)

= $1.10

Contribution margin = 1.75 - 1.10

= $0.65

Breakeven point = 700,000 / 0.65

= 1,076,923 kg

Fixed cost per kilogram at those units is:

= 700,000 / 1,076,923

= $0.65

_________________________________________________________

b. Net profit at original prices:

= (Contribution margin * units produced) - Fixed costs

= (0.65 * 5,000 * 365) - 700,000

= $486,250

Less taxes:

= 486,250 * (1 - 35%)

= $316,062.50

Net profit after price increase:

New selling price = 1.75 * 1.1

= $1.93

Net profit = ((Selling price - Variable cost) * units sold) - fixed cost

= ( (1.93 - 1.10) * 5,000 * 365) - 700,000

= $814,750

After tax:

= 814,750 * (1 - 35%)

= $529,587.50

Dollar increase:

= 529,587.50 - 316,062.50

= $213,525

5 0

2 years ago

If the market price moves from one point on a demand curve to another point on the curve what has happened to the market demand?

sdas [7]

Answer:

4. The total market demand has not changed

the demand has been adjusted by a change in supply

Explanation:

Movement along a demand curve results from changes in the price of the product. Supply influences price change. Movement along a demand curve means the quantity demanded has increased or decreased due to a price change.

A total change in demand is when the quantity demanded changes at all prices. Changes in customers' preferences or a change in the prices of compliment or supplement products make the entire demand change.

A shift in the demand curve demonstrates a total chan

8 0

2 years ago

Kyoko is a hard-working college senior. One Saturday, she decides to work nonstop until she has answered 150 practice problems f

sasho [114]

Answer:

Explanation:

6 0

3 years ago

is a seller's obligation to replace or fix a product (or service) that fails to perform as expected within a specified period.

fgiga [73]

Seller's obligation to replace or correct a product (or service) that fails to perform as expected within a specified period. To conform with the matching principle, the seller reports the expected warranty expense in the period when revenue from the sale is reported.

<h3>What are sales?</h3>

Sales are actions involving the sale of goods or the volume of items sold during a specified time frame.
A sale also includes the provision of a service for a fee.
In response to an acquisition, appropriation, request, or a direct connection with the customer at the point of sale, the seller or provider of the products or services completes a sale.
Title (property or ownership) of the object is transferred, and a price is settled, meaning a price is agreed upon for which the ownership of the item will transfer.

<h3>Why are sales important?</h3>

A sale is a transaction in which two or more people trade goods, services, or other assets for cash.
Sales often occur when a seller and a buyer exchange items or assets for money or other assets.

Learn more about sales here:

brainly.com/question/15375944

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8 0

2 years ago