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
Furkat [3]
3 years ago
9

Identify the mission and strategy of your automobile repair garage. What are the manifestations of the 10 OM decisions at the ga

rage? That is, how is each of the 10 decisions accomplished?
Business
1 answer:
Mamont248 [21]3 years ago
5 0

Answer:mission and vision of the garage

Explanation: Mission — Provide excellent, on time service at a reasonable price Strategy — keep cost down by employing only the people you need Order parts when needed Advertise for business through word of mouth, fends, and referrals. 1- Goods and services design — prices are set on a per hour shop labour basis determined by a preset formula 2- Quality — certification is required to be employed at the shop Poor labour could negatively impact the reputation of the business 3- Process and capacity design — Business is laid out for the day by the shop manager, and done so on a per job basis Those jobs taking the longest will be started earliest in the morning 4- Location selection — The shop was chosen in a pre-existing building, on a busy street with lots of passing traffic for high exposure 5- Layout design — The layout of the work area is designed for easy access to tools and other necessity.

You might be interested in
Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210
kkurt [141]

Answer:

a). Internal growth rate of the company=12.02%

b). Internal growth rate for beginning of period assets=14.71%

c). Internal growth rate for end of period total assets=10.16%

Explanation:

a). The internal growth rate of the company can be expressed as shown;

IGR=ROA×DR

where;

IGR=internal growth rate

ROA=return on asset=Net income/Total average assets

DR=dividend ratio=1-(dividend payment/net income)

In our case;

Return on asset=Net income/total average assets

Net income=$27,000

Total average assets=(Assets at the beginning of the year+assets at the end of the year)/2

Total average assets=(145,000+210,000)/2=$177,500

Return on asset=(27,000/177,500)×100=15.21%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=15.21%×0.79=12.0159%

Internal growth rate of the company=12.02%

b). Internal growth rate for beginning assets

Return on asset=Net income/total assets at the beginning of the year

Net income=$27,000

Total assets at the beginning of the year=145,000

Return on asset=(27,000/145,000)×100=18.62%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=18.62%×0.79=14.71%

Internal growth rate for beginning of period assets=14.71%

c). Internal growth rate for end of period total assets

Return on asset=Net income/total assets at the beginning of the year

Net income=$27,000

Total assets at the end of the year=210,000

Return on asset=(27,000/210,000)×100=12.86%

Dividend ratio=1-(dividend payment/net income)=1-(5,800/27,000)

Dividend ratio=1-0.21=0.79

Internal growth rate=return on asset×dividend ratio

Internal growth rate=12.86%×0.79=10.16%

Internal growth rate for end of period total assets=10.16%

8 0
3 years ago
Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $147,000, $79,000, and $74,000.
OverLord2011 [107]

Answer:

The amount that would not be covered by Thad Joslin insurance is $50,000

Explanation:

Thad has a 100/300 bodily injury liability coverage, this implies that he has a coverage of $100,000 bodily injury liability insurance per person and $300,000 total bodily injury liability insurance per accident. However, his insurance policy does not make provision for or cover the $50,000 property damage liability per accident. Therefore, Thad Joslin would have to pay for it.

8 0
3 years ago
How closely should the brand and corporate image usually be related?
Kay [80]
They should be extremely close, since corporate image is what people think of your brand :)
6 0
3 years ago
Read 2 more answers
What is a fixed rate?
Dovator [93]

Answer:

A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan.

Explanation:

a fixed rate could also be calculated if you want to know how to calculate fixed rate i could tell you

5 0
3 years ago
Francine moved out of the property she was renting, and she left it in pristine condition. How long after she moves out does the
inessss [21]

One month; property manager will have to return her security deposit in one month after she moves out of the property.

More about security deposit:

Source of funds to pay tenant obligations owed to the landlord in the event of a breach of the rental or lease agreement. When a tenant fails to uphold their financial obligations under the terms of a rental or lease agreement, the landlord may be able to recover some of their financial losses from the security deposit.

If a tenant's creditworthiness affects the security deposit, the landlord must set clear and specific criteria for the various creditworthiness levels they consider when choosing tenants (such as credit scoring).

Additionally, each potential tenant who falls within each level of creditworthiness must pay the security deposit amount that has been established for that level.

Know more about security deposit here: brainly.com/question/1752098

#SPJ4

4 0
2 years ago
Other questions:
  • It is was that 5% product of a lot are defective, if 8 products are selected randomly, what is the probability of getting lessTh
    9·2 answers
  • Danny is using the menus for the first time. In six to eight sentences, give Danny directions about what he needs to know about
    5·1 answer
  • If an economy consumes 68 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion
    12·1 answer
  • Why do you think you are required to take elective courses?
    10·1 answer
  • A registered representative (RR) is recommending to his client a newly issued debt security backed by the U.S. government with a
    13·1 answer
  • In 2018, Rachel received a $1,900 refund of state income taxes that she paid in 2017. In 2017, Rachel claimed itemized deduction
    7·1 answer
  • According to the definition used by the U.S. Bureau of Labor Statistics, a person is not in the labor force if that person:_____
    6·1 answer
  • Subcontractor's bid:
    6·1 answer
  • Joanette, Inc., is considering the purchase of a machine that would cost $620,000 and would last for 10 years, at the end of whi
    8·1 answer
  • Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2017. The following transactions occurred during th
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!