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MArishka [77]
3 years ago
14

Ollver is the vice president of production at his company and has been managing the launch of nen software systems. He worked wi

th a
team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the

product. Which department managers were part of Oliver's team

Oliver's team induded the

manager, who would handle product awareness, and the

manager,

who would handle potential purchasers of the product
Business
1 answer:
luda_lava [24]3 years ago
6 0

Answer:

Part 1. Marketing Department

Part 2. Sales Department

Explanation:

The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.

On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.

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A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill. a. listening b. conflict resolution c
kotegsom [21]

Answer:

The correct answer is letter "A": listening.

Explanation:

Ideal manager skills are a set of practices and preferred behaviors high-range executives are expected to have or develop for managerial purposes. Among those aptitudes good communication and organization are vital. That is why listening is very important since managers must listen to their bosses as well as to their subordinates and customers.

7 0
3 years ago
Sheffield Company reports the following operating results for the month of August: sales $315,000 (units 5,000); variable costs
frosja888 [35]

Answer:

1. the net income if selling price increased by 10% would be = $59,700

Net income increased by $31,500.

Explanation:

Given,

Sales = $315,000

Variable costs = $216,000

Fixed costs = $70,800

No. of units = 5,000

                                   Sheffield Company

             Income Statement (Contribution Margin Format)

Particulars                                                $

Sales                                                    315,000

Less: Variable expenses                  <u> (216,000)</u>

Contribution Margin                             99,000

Less: Fixed costs                         <u>        (70,800)</u>

Net Income                                          28,200

Since the selling price increased by 10% and no change in variable costs and volume, therefore, we can get -

<em>Sales = $315,000 x (1 + 0.10) = $346,500</em>

In this case, the net income will be as follows:

Sales                          = $346,500

<u>Less: Variable Costs =  (216,000)</u>

Contribution Margin  =   130,500

<u>Less: Fixed Costs      =   (70,800)</u>

Net Income                =   59,700

5 0
3 years ago
Fill in the missing amounts.
aleksandrvk [35]

<u>Solution</u>

                                                         Yoste Company Noone Company

Sales revenue($100,000 + $5,000)             $90,000      $105,000

Sales returns and allowances                        ($6,000)         ($5,000)

Net sales                                                         $84,000   $100,000

Cost of goods sold($100,000 - $40,000)          ($58,000) ($60,000)

Gross profit($84,000 - $58,000)                         $26,000            $40,000

Operating expenses($40,000 - $17,000)         ($14,380)           ($23,000)

Net income($26,000 - $14,380)                          $11,620          $17,000

  • Net Income divide by Net Sales = Profit Margin Ratio
  • Gross Profit divide by Net Sales = Gross Profit Rate

<u>Yoste Company : </u>

Profit Margin Ratio = $11,620 divide by $84,000 = 13.83%

Gross Profit Rate = $26,000 divide by $84,000 = 30.95%

<u>Noone Company:</u>

Profit Margin Ratio = $17,000 divide by $100,000 = 17%

Gross Profit Rate = $40,000 divide by $100,000 = 40%

6 0
3 years ago
Eat at State is considering buying a new food truck. It will cost $65,000, but is expected to generate $20,000 in sales over the
Afina-wow [57]

Answer:

It is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.

Explanation:

Since Eat at State is considering buying a new food truck, and it will cost $ 65,000, but is expected to generate $ 20,000 in sales over the next 4 years, and at the end of the 4th year, the truck will be sold to Eat Like a Wolverine in Ann Arbor for $ 10,000 (after taxes), and it will require $ 5,000 in additional Net Working capital that will not be recovered when the truck is sold, and the Dean of Food Services will only authorize the purchase if it is cash positive by the end of the 4th year, to determine, using the payback period method if the truck should be purchased and why, the following calculation must be performed:

-65,000 + 20,000 + 10,000 - 5,000 = X

-70,000 + 30,000 = X

-40,000 = X

Therefore, it is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.

3 0
2 years ago
Milkshakes for $5.24. The cost of 1 hamburger
Korolek [52]

Answer:

Cost of 1 hamburger and 1 shake is​ $1.89

Explanation:

Assume:

Cost of hamburgers = h

Cost of milkshakes = m

For Jack

2h + 3m = $4.21.......Eq1

For Jill

3h + 2m = $5.24.........Eq2

Eq1 + Eq2

5h + 5m = 9.45

divide by 5

h + m = $1.89

So,

Cost of 1 hamburger and 1 shake is​ $1.89

4 0
3 years ago
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