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dexar [7]
3 years ago
14

Why is operations management relevant to managers in other organization functions? Base your discussion on your experience of op

erations within your organization or an organization with which you are familiar. For example, talk with the operations manager in your organization and find out what he/she says, what he/she does, and how he/she works with the organization including the marketing, financial, personnel, and purchasing functions.
Business
1 answer:
Mars2501 [29]3 years ago
4 0

Answer:

Operations management is relevant to improve the overall productivity in an organization as it involves working with all departments in the organization.

Explanation:

Operations management involves <u>planning, organizing and controlling the production processes by which raw materials are converted into valuable goods and services to be distributed to customers.</u>

An operations manager works with managers in other organizational functions to <u>improve the overall productivity in the organization.</u>

He or she maintains contact with; the financial manager to agree on the budget needed for production, the purchasing manager to determine what raw materials will be purchased for production, the personnel manager to sort out the human resources required for the production process, and the marketing manager to ensure that customer needs are taken into consideration when producing goods and services.

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Since the Troy Division also sustained an operating loss in the prior year, Rice's president is considering the elimination of t
s2008m [1.1K]

Answer:

c. $30,000 lower

Explanation:

Missing word <em>"Rice Corporation currently operates two divisions which had operating results last year as follows: </em>

<em>West Division Troy Division </em>

<em>Sales $600,000 $300,000 </em>

<em>Variable costs 310,000 200,000 </em>

<em>Contribution margin 290,000 100,000 </em>

<em>Traceable fixed costs 110,000 70,000 </em>

<em>Allocated common corporate costs 90,000 45,000 </em>

<em>Net operating income (loss) $ 90,000 ($15,000)</em>

<em>Options are: a. $15,000 higher, b. $45,000 lower, c. $30,000 lower, d. $60,000 higher"</em>

Particulars                                         Amount

Contribution margin                          $100,000

Less: Traceable fixed costs              <u>$70,000</u>

Segment margin of Troy Division   <u>$30,000</u>

The operating income would been $30,000 less without the segment margin contributed by the Troy Division. Hence, If the Troy Division had been eliminated at the beginning of last year, Rice Corporation's operating income for last year would have been $30,000 lower.

7 0
3 years ago
At Blossom Company, events and transactions during 2020 included the following. The tax rate for all items is 20%. (1) Depreciat
Arlecino [84]

Answer:

$99,200

Explanation:

Calculation to determine The effect of these events and transactions on 2020 income from continuing operations net of tax would be

Using this formula

Effect income from continuing operations net of tax=Strike loss amount-(Strike loss amount*Tax rate )

Let plug in the formula

Effect income from continuing operations net of tax=$124,000 - ($124,000 × .20)

Effect income from continuing operations net of tax=$124,000-$24,800

Effect income from continuing operations net of tax=$99,200

Therefore The effect of these events and transactions on 2020 income from continuing operations net of tax would be $99,200

5 0
3 years ago
Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory (ending inventory De
Maslowich

Answer:

Results are below.

Explanation:

<u>Under FIFO (first-in, first-out), the cost of goods sold is calculated using the cost of the firsts units incorporated into inventory.</u>

COGS= 2,000*38 + 6,200*40= $324,000

Income statement:

Sales= 8,200*75= 615,000

COGS= (324,000)

Gross profit= 291,000

Tax= (291,000*0.3)= (87,300)

Net operating income= 203,700

<u>Under the LIFO (last-in, first-out), the cost of goods sold is calculated using the cost of the lasts units incorporated into inventory.</u>

COGS= 8,000*40 + 200*38= $327,600

Income statement:

Sales= 615,000

COGS= (327,600)

Gross profit= 287,400

Tax= (287,400*0.3)= (86,220)

Net operating income= $201,180

7 0
3 years ago
On January 1, 2019, Commercial Equipment Sales issued 22,000 in bonds for 21700. These are six−year bonds with a stated interest
Veronika [31]

Answer:

$1,565

Explanation:

Interest expense = Interest payment + Amortization expense

also,

Interest payment = 22,000 × 14% × [ 6 ÷ 12 ]           [∵ 6 ÷ 12 ; since payment are semiannual ]

Thus,

Interest payment = $1,540

and,

Amortization expense = [22,000 - 21,700 ] ÷ [6 × 2]      

= $25

Therefore,

Interest expense = $1,540 + $25

= $1,565

3 0
4 years ago
Airline Accessories has the following current assets: cash, $99 million; receivables, $91 million; inventory, $179 million; and
VikaD [51]

Answer:

3.10; 1.53

Explanation:

Total  Current Assets:

= Cash + Receivables + Inventory + Other Current Assets

= $99 + $91 + $179 + $15

= $384 million

Total Current Liabilities:

= Accounts Payable + current portion of long-term debt

= $92 + $32

= $124 million

Current Ratio:

= Total Current Assets ÷ Total Current Liabilities

= $ 384 ÷ $ 124

= 3.10

Acid Test Ratio:

= (Cash + Accounts Receivables ) ÷ Current Liabilities

= $(99 + 91) ÷ $124

= 1.53

7 0
4 years ago
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