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4 years ago

Describe 3 benefits to an organisation of producing high quality products

Business

2 answers:

adell [148]3 years ago

7 0

place product and price

Alina [70]3 years ago

5 0

1. Customer satisfaction increases as customers would be willing to buy the firm's products due to high quality and therefore this results in less or no customer complaints increasing brand loyalty for the business.

2. Competitive advantage achieved. This is where a firm is best at producing a product better than its rivals. When a business produced high quality products customers would choose to buy the firms products over competitors no matter how much the price is set at, as quality matters when purchasing goods.

3. Increased sales as customers look out to buy products which reliable and durable long lasting to be used thereby increasing profit margins for the business.

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At the beginning of 2021, Artichoke Academy reported a balance in common stock of $153,000 and a balance in retained earnings of

salantis [7]

Answer:

STOCKHOLDERS EQUITY

Common Retained Stockholders

stock earnings equity

Beginning balance January 1 153.000 53.000 206.000

Issuance of common stock 43.000 43.000

Net income for the period 33.000 33.000

Cash Dividens (10.300) (10.300)

Ending balances December 31 196.000 75.700 271.700

BALANCE SHEET

Cash 52.900

Supplies 11.200

Prepaid Rent 25.500

Land 215.000

Total Assets 304.600

Account payable 8.100

Utilities payable 3.000

Salaries payable 3.800

Notes payable 18.000

Total liabilities 32.900

Common stock 196.000

Retained earnigs 75.700

Total stockholders 271.700

Liablities and

Stockholders 304.600

Explanation:

STOCKHOLDERS EQUITY

Common Retained Stockholders

stock earnings equity

Beginning balance January 1 153.000 53.000 206.000

Issuance of common stock 43.000 43.000

Net income for the period 33.000 33.000

Cash Dividens (10.300) (10.300)

Ending balances December 31 196.000 75.700 271.700

BALANCE SHEET

Cash 52.900

Supplies 11.200

Prepaid Rent 25.500

Land 215.000

Total Assets 304.600

Account payable 8.100

Utilities payable 3.000

Salaries payable 3.800

Notes payable 18.000

Total liabilities 32.900

Common stock 196.000

Retained earnigs 75.700

Total stockholders 271.700

Liablities and

Stockholders 304.600

6 0

3 years ago

A manager must make a decision on shipping. There are two shippers, A and B. Both offer a two-day rate: A for $510 and B for $52

Sveta_85 [38]

Answer:

The supplier should ship 2 days using B as it yields the lowest cost.

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the question

Units 410

Unit price $ 156.00

total cost of product to be shipped = (Unit price * Units) = 410*156 $ 63,960.00

Holding cost = 39% ,39%*63960 $ 24,944.400

Holding cost for 1 day = 24944.40/365 $ 68.341

Shipper A

Alternative Shippping cost Holding days Holding days * Holding cost for 1 day Total cost = Shipping + holding cost

2-Day $ 538.00 2 $ 136.682 $ 674.68

3 day $ 472.00 3 $ 205.022 $ 677.02

9 day $ 406.00 9 $ 615.067 $ 1,021.07

Shipper b

Alternative Shippping cost Holding days Holding days * Holding cost for 1 day Total cost = Shipping + holding cost

2-Day $ 529.00 2 $ 136.682 $ 665.68

4 day $ 455.00 4 $ 273.363 $ 728.36

7 Day $ 428.00 7 $ 478.386 $

5 0

3 years ago

Olivia asks several real estate agents to help her sell her house. A buyer is found. At the closing, no agent receives a commiss

STALIN [3.7K]

Answer: Open Listing

Explanation: The seller sold the real estate herself therefore she did not have to pay a commission.

8 0

3 years ago

Demarco Lee invested $25,000 in the Camden & Sayler partnership for ownership equity of $25,000. Prior to the investment, eq

Akimi4 [234]

Answer and Explanation:

The Journal entry is shown below:-

Equipment Dr, $42,000 ($222,000 - $180,000)

To Kevin Camden-Capital $10,500 ($42,000 × 1 ÷ (1 + 3))

To Chloe Sayler-Capital $31,500 ($42,000 × 3 ÷ (1 + 3))

(Being revaluation of equipment is credited)

Here we debited the equipment as it increased the assets and we credited the Kevin Camden-Capital and Chloe Sayler-Capital as it also increased the equity

2. Cash Dr, $25,000

To Demarco Lee-Capital $25,000

(Being admission is recorded)

Here we debited the cash as it increased the assets and we credited the Demarco Lee-Capital as it also increased the equity

3 0

3 years ago

Wayth, a large mobile manufacturing company, is experiencing losses in its domestic operations. As a result, it closes two under

Ilya [14]

Answer:

c. reduction strategy

Explanation:

Based on the situation being described within the question it can be said that Wayth is using a reduction strategy. This is a strategy used by companies who are struggling with sales and may or may not be losing money. With this strategy they reduce costs in many aspects of the business in order to try to increase profits and survive. Which is what Wayth is doing by closing the most under-performing facilities and laying off unessential staff.

8 0

3 years ago