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olya-2409 [2.1K]
4 years ago
10

Hau Lee​ Furniture, Inc., spends 45​% of its sales dollars in the supply chain and finds its current profit of ​$35,000 inadequa

te. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to ​$40,000 so he can obtain the​ bank's approval for the loan. Current Situation Sales ​$140,000 Cost of material ​$63,000 ​(45​%) Production costs ​$35,000 ​(25​%) Fixed cost ​$7,000 ​(5​%) Profit ​$35,000 ​(25​%) ​a) What percentage improvement is needed in the supply chain strategy for profit to improve to ​$40,000​? What is the cost of material with a ​$40,000 ​profit? A decrease of nothing​% in material​ (supply-chain) costs is required to yield a profit of ​$40,000​, for a new material cost of ​$ nothing. ​(Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole​ number.)
Business
1 answer:
murzikaleks [220]4 years ago
3 0

Answer:

a) 7.93%

b) 58,000 dolllars

Explanation:

a) We want to increase the profits by 5,000 thus we divide by our current supply chain cost to know how much do we need to decrease it:

5,000 / 63,000 = 0.0793 = 7.93%

b) material cost if estrategy is success:

original cost less 5,000 cost reduction

63,000 - 5,000 = 58,000

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White Laundry Company purchased $6,500 of supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of
Alexeev081 [22]

Answer:

4. debit supplies expense, $3,500; credit supplies, $3,500.

Explanation:

Assuming there is no opening inventory of supplies. So the purchases mad is the only inventory which is in stock during the Month of June. Stock has been used during the month and at the end of the month it remains only $3,000.

Using following Formula we will calculate the supplies Expense.

Ending Inventory of supplies = Opening Inventory of supplies + Purchases - supplies Expensed in the period

$3,000 = $0+ $6,500 - Supplies Expensed in the period

$3,000 = $6,500 - Supplies Expensed in the period

$6,500 - $3,000 = Supplies Expensed in the period

Supplies Expensed in the period = $3,500

So, the entry will be

Debit supplies expense   $3,500

Credit supplies                 $3,500

6 0
3 years ago
The most important elements in a business model include all of the following except: A. Selecting a growth strategy B. Verifying
worty [1.4K]

Answer:

Option A    

Explanation:

In simple words, business model refers to the strategy for creating a profit for a product. This defines the goods or services that the company is trying to offer, the intended audience that it has defined as well as the costs it plans.

A creative technology company must include a business plan, if only to draw funding, help it retain talent, and inspire leaders and managers. Established companies frequently have to review and revise their operating strategies, or struggle to predict emerging developments and obstacles. Investors will study and analyse the corporate strategies of all businesses that are involved in them.

Choosing a development procedure for growth is not really a part of a business framework, but a point of performance of the growth model. Other choices specifically address which kind of goods should be selected in a company with which specific market group and how you'd like to benefit from your package's particular quality.

4 0
4 years ago
Which of the following transactions does not take place in a market for a factor of production? Select one:
galina1969 [7]

Answer:

b. Juanita works as a marriage counselor and her clients pay her on a per-hour basis for her services.

Explanation:

Factor of production ,capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased

5 0
4 years ago
Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received y
bulgar [2K]

Answer:

$2,171,762

Explanation:

since there is not enough room here I used an excel spreadsheet

Download pdf
6 0
3 years ago
How can verbal feedback affect customer encounters? Give 3 real lifelexamples. (good or bad) Follow the​
yawa3891 [41]

Explanation:

Example 1: the numeric NPS response

Everyone loves a handy dandy NPS survey. They give you an easy glimpse into how your customers are thinking about your brand or your business, and quantify just how happy they are with your services.

But, not all NPS surveys or responses are created equal.

Let’s say your business sends out an NPS survey to a random sample of customers. Of that sample, 65% are promoters (and gave you a 9-10 rating), 25% are neutral (a 7-8 rating), and 10% are detractors (a 0-6 rating). Of that sample, only a handful of the promoters wrote feedback about why they picked the score they did. The rest simply clicked a number and then went about their day.

Where do you go from here? How can you convert those neutral customers into promoters, and raise the bar for the detractors to bring them closer to your ideal score without written feedback?

NPS is helpful, but only when it gives you a clear picture of what your customer was thinking and provides tangible feedback you can incorporate into your organization.

Example 2: a “yes” or “no” response to an FCR survey

Now, let’s say every time a customer creates a Support ticket, your organization sends an automated First Contact Resolution survey once the ticket is closed.

Most often, a FCR survey is just one question – Were we able to help you resolve your issue? – with a simple “yes” or “no” response.

Receiving a “yes” is, of course, great – it means your agents were able to help your customer get to the bottom of their issue and helped make their day a little better. Receiving a “no,” on the other hand, is the exact opposite; it means your agents weren’t able to successfully meet the needs of your customer, and they’ve been left frustrated by the experience, with their issue still unresolved.

So what happens after a “no”?

Depending on what you use to capture FCR. it could be nothing. “No” responses are simply filed away in a folder, maybe you ping your agents to get more context on the particular issue, and everyone pretends it didn’t happen.

If you want to turn those “no” responses into actionable customer feedback, however, it’s crucial to have tools for your business like Service Recovery.

With Service Recovery, you have the ability to flag any “no” responses and fire off a follow-up survey to your customer, get more clarity from them on how you missed the mark, and dig in deeper to resolve their issue.

Plus, you get the added benefit of being able to re-survey your customers, which means even more insight for your team on the value of being able to circle back on negative FCR responses.

Win, win, and win.

8 0
2 years ago
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