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3 years ago

12

When technology is progressing rapidly, firms are more likely to:?

1 answer:

vova2212 [387]3 years ago

6 0

When technology is progressing rapidly, firms are more likely to;

commit themselves to fixed assets.

focus on developing the necessary skills in-house.

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A vice president of operations wants to evaluate the impact of reducing manufacturing expenses on the firm's return on assets. W

frosja888 [35]

Available Options Are:

a. Cost of Goods Sold

b. Net Profit Margin

c. None of these

d. Asset Turnover

Answer:

Option B. Net Profit Margin

Explanation:

The increase or decrease in cost of Goods sold can not tell whether the return on assets has increased or decreased becuase it would only tell that the expense are decreased or increased not the profit. Which means it only tells one side of the story hence Option A is incorrect.

Option B is correct because it talks about the profit. If the manufacturing cost has been decreased then the it must increase the profit. Because if the profits has increased then the return on asset will increase. Hence the Option B is correct here.

Option D is incorrect because asset turnover formula is:

Asset Turnover = Sales / Total Assets

The decrease in manufacturing cost will not increase the sales because sales and total assets are independent of manufacturing expenses hence the Option D is incorrect.

3 0

3 years ago

A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when

Afina-wow [57]

Answer:

Present value deposit today = 216,886 (Approx)

Explanation:

Given:

Number of year (n) = 16 years x 4 quarter = 64

Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004

Future value = $280,000

Present value = ?

Computation of present value deposit today:

$Present\ value = \frac{Future\ value}{(1+r)^n}\\\\Present\ value = \frac{280,000}{(1+0.004)^{64}}\\\\Present\ value = \frac{280,000}{1.291}\\\\Present\ value = 216,886.135$

Present value deposit today = 216,886 (Approx)

8 0

3 years ago

Approximately 85% of the customers at hanson's furniture store purchase furniture using store credit. the store's average collec

aev [14]

<span>With a Net 30 payment policy, but an average collection period of 75 days with customers, Hanson's furniture store, should either reduce their store credit option, and encourage approximately 45% of their store credit customers to pay upon receipt, or shorten their operating cycle.</span>

7 0

3 years ago

Marcia Simpson is the CEO of a golf training aid company. The company manufactures a variety of different products to help golfe

wariber [46]

Answer: Business

Explanation: In simple words, business refers to a group of activities that an individual performs, by taking calculated risk, for the ultimate purpose of making profit.

In the given case, Marcia Simpson is starting the new academy to target wealthy corporate employees.

Hence we can conclude that she is willing to start a business.

3 0

3 years ago

Question 6 of 20

tatiyna

A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.

<h3>What is Elasticity of Demand?</h3>

This refers to the extent to which there is a price change that causes a product to have a change in demand.

Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.

Read more about elasticity of demand here:

brainly.com/question/19141990

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4 0

2 years ago