Answer:
a) Raise the sales revenue.
b) Decrease the cost of raw materials.
c) Decrease discretionary fixed cost
Explanation:
<em>Return on Investment (ROI) = Divisional Profit Contribution / Assets Employed in the Division</em>
ROI increases when the Divisional Profit Contribution increased and Assets Employed in the Division are reduced.
Meeting with vendors is part of his job, and he should make plans to call them.
<h3>Who is a vendor ?</h3>
A vendor is a party in the supply chain that makes goods and services available to companies or consumers. He is an individual or company that sells goods or services to someone else in the economic production chain.
Here, Mike was employed by Jim due to his experience with vendors. What this means is that Mike should use his experience to negotiate with the vendors on behalf of the company.
Therefore, Mike should respond that meeting with vendors is part of his job, and he should make plans to call them.
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Answer:
A. Both control baseline and change management
Explanation:
In the case when the material manager provides the new product line having the procedure to control the new inventory so the internal control that impact the new product line is the control baseline and the control management as both should be impacted because the control should be there with regard to the baseline and the managing in order to managing the risk
Hence, the option a is correct
Answer:
1. The cost formula for the gallery's costs for a year would be Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed is $86,000
Explanation:
1. According to the given data the cost formula for the gallery's costs for a year would be as follows:
Total cost=Fixed costs+Variable costs for the level of activity
Total cost=$80,000+$500*number of opening shows
Total cost=$80,000+$500X
2. The total cost for Ben in a year with 12 opening shows Using the cost formula developed above would be as follows:
Total cost=$80,000+$500X
Total cost=$80,000+$500*12
Total cost=$80,000+$6,000
Total cost=$86,000