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Gekata [30.6K]
3 years ago
15

Inventing a new soft drink - what would be the input - the conversion, and the output?

Business
2 answers:
scZoUnD [109]3 years ago
4 0

Inventing a new soft drink  -what would be the input - the conversion, and the output?

The input would be the taste/flavor of the new soft drink. When inventing something new, you need to figure out something that will give it a distinct difference over competition. After you have established what you want it to taste like, you need to make the receipe and try it to make sure you like it and can replicated it for consumers. Once the drink has been made for test tasting, having people try the drink will establish whether or not they want to purchase the drink. Once the entire drink has been through the processes of test tasting, if there is good feedback it's time to put the product on the the self as the output.

Semmy [17]3 years ago
4 0

 

<u>The invention of a new soft drink, the input, conversion, and output would be: </u>

  • <u>Input</u><u>: Knowledge, raw material, and capital, which are required to make a product. </u>
  • <u>Conversion</u><u>: It is the process of transforming input into the output. </u>
  • <u>Output</u><u>: It is the result of the product. </u>

<u> </u>

Further explanation:

Inventing a new soft drink:

  • Soft drinks are popular beverages made for consumption purposes. Soft drinks are made from the dry and the fresh ingredients and mixing it with the water.
  • Inventing a new product, one should make the product unique from the existing product, new features or flavors should be added to them. The producer should try to make that product which is in demand. A unique product should be made so as to compete in the market.
  • Marketing and promotion should be kept in mind while selling the product.
  • Feedback should be taken from the consumers after selling.

Thus, the input for inventing a new soft drink would be the raw material, knowledge, and capital required to make the product that is a soft drink, the conversion is the process of making input into output, and output is the result of the product.

Learn more:

1. Gross national product:

<u>brainly.com/question/11084585 </u>

2. Demand forthe product:

<u>brainly.com/question/2488917 </u>

3. Productivity:

<u>brainly.com/question/5045672 </u>

<u> </u>

Answer details:

Grade: Middle School

Subject: Business

Chapter: Production

Keywords:Inventing a new soft drink, what would be the input, the conversion, and the output, feedback, market, raw material, marketing, promotion, knowledge, dry, fresh, after selling, a unique product should be made so as to compete, the market.

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a-1) Lewis CPAs Income Statement:

Service Revenue              $60,000

Salary Expense                -$40,000

Net Income                       $20,000

a-2) Lewis CPAs Balance Sheet:

Cash                                  $100,000

Total Assets                     $100,000

Liabilities + Equity:

Bank Loan                          $80,000

Retained Earnings             $20,000

Total Liabilities + Equity $100,000

a-3) Lewis CPAs Statement of Cash Flows:

Cash from customers                      $60,000

Cash to suppliers of labor              -$40,000

Net Cash from operating activities $20,000

Bank Loan                                        $80,000

Total Cash inflows                          $100,000

a-4) Casual Clothing Income Statement

Sales                   $60,000

Cost of Sales      -$32,000

Gross Profit        $28,000

Operating Exp    -$7,200

Net Income         $20,800

a-5) Casual Clothing Balance Sheet:

Cash                                 $82,800

Inventory                           $18,000

Total Assets                   $100,800

Liabilities + Equity:

Bank Loan                         $80,000

Retained Earnings            $20,800

Total Liabilities + Equity $100,800

a-6) Casual Clothing Statement of Cash Flows:

Cash from customers                    $60,000

Cash to suppliers                          -$50,000

Operating Expenses                       -$7,200

Net Cash from operating activities $2,800

Bank Loan                                      $80,000

Total Cash inflows                         $82,800

b) Casual Clothing has product costs.  While Lewis CPAs has service costs.

Explanation:

a) Revenue from Customers:  Lewis CPAs as a service business does not have sales as revenue from customers.  Its revenue from customers is described as Service Revenue.  For Casual Clothing, its revenue from customers is typically described as Sales.

b) Cost of Goods Sold: Lewis CPAs has cost of goods sold in the form of salaries paid to providers of labor, while Casual Clothing's cost of goods sold is in the form of inventory.   Therefore, there is always inventory either at the beginning or at the ending of the business period.

c) Ending Inventory for Casual Clothing is determined as follows:

Purchase =             $50,000

Cost of Sales =     -$32,000

Ending Inventory = $18,000

d) Cash Balances:

i) Lewis CPAs:

Bank Loan =                    $80,000

Cash from customers =  $60,000

Salary Expense=            -$40,000

Balance =                       $100,000

ii) Casual Clothing:

Bank Loan =                     $80,000

Purchases =                    -$50,000

Cash from customers =  $60,000

Operating Expense=        -$7,200

Balance =                        $82,800

e) The Net Income in each case is treated as Retained Earnings since there are no other charge against it.

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