All categories

3 years ago

According to business analyst Scott Anthony, identifying opportunities requires understanding of:_________

Business

1 answer:

Maurinko [17]3 years ago

8 0

Answer:

the 5Cs of opportunity identication:

1. Circumstance

2. Context

3. Constraints

4. Compensating behaviors

5. Criteria

Explanation:

According to Scot Anthony, to identify opportunities it's important to understand the 5Cs of opportunity identication.

1. Circumstance: Know the specific problems which your customers care about and how they get solutions to it.

2. Context: Know what the customer did in the past and work around it to present something realistic.

3. Constraints: Get to understand customers' barriers and constraint.

4. Compensating behaviors: Understand the compensations that engage your customers.

5. Criteria: In order to know a good solution, it's important to understand the criteria that matter to your customers.

You might be interested in

Scilla [17]

Answer: It is A. Accounts Receivable.

4 0

3 years ago

Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upco

inessss [21]

Answer:

Over Applied Overhead = $ 4000

Actual Manufacturing Overhead = $45,000

Manufacturing Overhead Applied = $ 49,000

Explanation:

Job 101 Job 102 Job 103

Total Direct materials $ 19,200 $ 14,400 $ 9,600 $ 43,200

Direct labor $ 28,800 $ 11,200 $ 9,600 $ 49,600

Machine hours 1,000 hrs 4,000 hrs 2,000 hrs 7,000 hours

Manufacturing overhead $ 7000 $ 28,000 14,000

Total $ 55,000 53,600 33,200

Actual overhead costs recorded during the first month of operations totaled $45,000.

Journal Entries

Sr. No Particulars Debit Credit

Job 102 Finished Goods 53,600

Work In Process 53,600

A journal entry showing the transfer of Job 102 into Finished Goods Inventory upon its completion.

Job 101 Sales 60,000

Cost Of Goods Sold 60,000

Journal entries to recognize the sales revenue and cost of goods sold for Job 101.

Job 101 Cost of Goods Sold 55,000

Finished Goods Inventory 55,000

Manufacturing Overhead Applied = $ 7000 + $ 28,000+14,000 = $ 49,000

Job 101 = 1000/60,000 * $ 420,000= $ 7000

Job 102 = 4000/60,000 * $ 420,000= $ 28000

Job 103 = 2000/60,000 * $ 420,000= $ 14000

Actual Manufacturing Overhead = $45,000

Over Applied Overhead = $ 4000

Manufacturing Overhead Accounts $ 4000 debit

Cost of Goods Sold $ 4000 Credit

Entry to transfer the balance of the Manufacturing Overhead account to Cost of Goods Sold.

(Entry to reduce the amount of Over applied Overhead)

6 0

3 years ago

Cara Fabricating Co. and Taso Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,00

Svetradugi [14.3K]

Answer:

D. $122,000

Explanation:

3 0

3 years ago

Critical analysis Q4 Suppose a group of British Investors finances the construction of a plant to manufacture bay boats in Houst

babunello [35]

Answer:

The correct answer is option (D) Profits earned in the domestic economy are counted as part of GDP under the resource cost-income approach.

Explanation:

Solution

Gross domestic product (GDP) refers to sum of all value of goods and services manufactured within the geographical border of the country.

Now the investment for plant in carried within the geographical borders of The United States so it will include in GDP as gross domestic capital formation.

Thus the construction of the plant will cause a rise in U.S GDP.

Now this plant produce profit of $250000. profit produced within the economy so it will include in GDP.

These profit will increase US GDP since profits gained in the domestic economy are counted as a part of GDP under the resource cost or operating in income approach.

3 0

3 years ago

Which of the following statements is false? Marginal cost will equal average total cost when average total cost is at its lowest

andrew11 [14]

Answer:

Marginal cost will equal average total cost when marginal cost is at its lowest point.

Explanation:

The marginal cost curve always intersects the average total cost curve at its lowest point because the marginal cost of making the next unit of output will always affect the average total cost. As a result, so long as marginal cost is less than average total cost, average total cost will fall.

When marginal cost is below average total cost, average total cost will be falling, and when marginal cost is above average total cost, average total cost will be rising. A further m is most productively efficient at the lowest average total cost, which is also where average total cost (ATC) = marginal cost (MC).

6 0

3 years ago

Read 2 more answers