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Makovka662 [10]
3 years ago
13

you are planning to open a sandwich shop. you begin to think about the four functions of business—production, marketing, managem

ent, and finance. describe how each function will apply to your business. explain how the functions will work together to ensure you run a successful sandwich shop.
Business
1 answer:
Katarina [22]3 years ago
8 0

Answer:

Explanation:

In order to run a successful business each of these functions need to be present and functioning efficiently since each one depends on the other in order for the entire business to succeed. Production makes sure that the business has products to sell. Marketing makes sure that potential customers are aware of the products that the business sells. Finance makes sure that the pricing for those products, costs, and expenses (marketing) all lead to profitability when calculated. And finally, Management makes sure that all of these functions interact efficiently and are poised for success.

You might be interested in
EA10.
antoniya [11.8K]

Answer:

The question is incomplete; the complete question is given below.

                        Selling Price per unit Variable  cost per unit

Product                                     $                                  $

Snowboards                           20.00                       170.00

Skis                                  400.00                          225.00

Poles                                      50.00                 20.00

Salvador's contribution margin is  46.2%

Explanation:

Contribution is the amount generated from the sales of a product to cover part of the total fixed cost.

Contribution is an important concept in decision making because it helps to determine the profitability of individual products where a set of products benefit from the same fixed cost. <em>it </em><em>helps in prioritizing the allocation of resources to different products based on their profitability</em> .

Contribution per unit = Selling price per unit- variable cost per unit

Total contribution= Contribution per unit * units sold

Contribution margin ration: The proportion of sales realised as contribution is known as contribution margin ratio (CMR) . It represents the amount generated as contribution from every one dollar worth of sales.  A 60% margin means that $60 is made as contribution from evry sales of $100, for example.

It is a calculated as follows:

Single-product scenario:

C.M.R= contribution per unit/ selling price per unit

Multiple-products scenario:

C.M.R= contribution from a mix / revenue from a mix

We shall use the multiple-products formula

                                         Snowboard                 ski             Poles     Total

                                                   $                             $                $

Selling price                              320                     400                50

variable cost                        <u>    (170)                      (225)              (20)</u>

Contribution per unit (SP-VC)   <u>150                           175                30</u>

Cont from a mix (cont× unit)   1050                       525                 60

Revenue from a mix (SP× unit) 2240                    1200               100

Contribution margin ratio= Cont. from a mix/ Rev from a mix

                                           = (1050+525+60)/(2240+1200+100)

                                           =(1635 /  3540) × 100

                                            = 46.2 %

8 0
2 years ago
Lata is writing a message to her boss. She has discovered a source for office supplies that carries name brands but whose prices
Triss [41]

Answer:

The correct answer is Direct order.

Explanation:

Many times a day we receive and give orders. When we entrust a specific function to our employee or subordinate, how do we do it? By giving a direct order to execute it or we use what we call delegation. Through the delegation, we entrust this employee not only to do what has been communicated to him, but also to take responsibility from start to finish, reporting once the order has been executed to whoever has given it.

7 0
2 years ago
Taxes on the purchase of specific items such as gasoline, cigarettes, or alcoholic beverages are called _____ taxes.
marishachu [46]

Answer:

<em>Taxes on the purchase of specific items such as gasoline, cigarettes, or alcoholic beverages are called </em><em><u>excise</u></em><em> taxes.</em>

7 0
2 years ago
When the price of a good is $5, the quantity demanded is 120 units per month; when the price is $7, the quantity demanded is 100
Gre4nikov [31]
Price elasticity can be calculated using the attached formula where:
the first term represents the % change in quantity and the second term represents the % change in price

% change in quantity = (100-120) / (220/2) = -2/11 x 100 = -18.1818%
% change in price = (7-5) / (12/2) = 33.3333%

price elasticity = 18.1818/33.3333 = 0.55

Note that the price elasticity is usually taken as an absolute value.

6 0
3 years ago
Carrying Amount $120,000 Selling Price $80,000 Costs of Disposal $5,000 Expected Future Cash Flows $90,000 Present Value of expe
frez [133]

Answer:

$35,000

Explanation:

Under IAS 36, an asset is said to be impaired where the carrying amount is more than the recoverable amount.

The recoverable amount is the higher of the fair value less cost to sell or the value in use which is the present value of the expected future cashflow.

Given that;

Carrying Amount = $120,000

Selling Price = $80,000

Costs of Disposal = $5,000

Hence fair value less cost to sell = $80,000 - $5,000 = $75,000  

Expected Future Cash Flows = $90,000

Present Value of expected future cash flows = $85,000 ( this is the value in use)

Recoverable amount = $85,000 (since the value in use is higher that the fair value less cost to sell)

This is lower than the carrying amount hence the asset is impaired.

Impairment = $120,000 - $85,000

= $35,000

8 0
2 years ago
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