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3 years ago

Explain the difference between the concepts of Business Management and Technology Management. Provide examples.

Business

1 answer:

Verizon [17]3 years ago

8 0

Answer:

Explanation:

There is a difference between business management and technology management.

Business management refers to managing the organization's business perspective so that the direct business objectives of the organization is served.

Business management involves managing the domain, employees, looking after the business processes of an organization, etc. whereas

While technology management is used to make the business process simple and convenient through various aspects like managing the technical aspect of each and every business process and that is possible by having details about the technical aspects that are involved in all the business process of the organization.

For an organization to be successful it should possess all the required management techniques that include the business and technical aspects both.

Today the way of doing business has changed a lot and hence the organizations need to be quite diligent and effective in order to sustain and remain competitive in the industry.

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Professionally managed and centrally coordinated marketing channels that are designed to achieve channel economies and maximize

netineya [11]

Vertical marketing systems are professionally managed and centrally coordinated marketing channels that are designed to achieve channel savings and maximize marketing impact.

<h3 /><h3>How do vertical marketing systems work?</h3>

The distribution channel system is organized and structured, where there is the integration and collaboration of wholesalers and retailers to increase the quality and speed with which the product reaches the end customer.

Therefore, this is a strategy implemented to generate value for the consumer, competitiveness and market positioning.

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2 years ago

FIFO Perpetual Inventory

RideAnS [48]

1. The total sales and cost of goods sold for the period are <u>$381,370</u> and <u>$147,510</u>, respectively.

2. The gross profit from sales for the period is <u>$233,860</u>.

3. The ending inventory cost as of June 30 is <u>$43,560</u>.

<h3>How are the amounts determined using the FIFO method?</h3>

The total sales can be computed by summing the sales units and dollars.

The cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.

The gross profit is the difference between the sales revenue and the cost of goods sold.

The ending inventory is determined as the product of units in the ending inventory multiplied by the purchase cost per unit.

<h3>Data and Calculations:</h3>

Date Transaction Number of Units Per Unit Total

Apr. 3 Inventory 66 $225 $14,850

8 Purchase 132 270 35,640

11 Sale 88 750 66,000

30 Sale 55 750 41,250

May 8 Purchase 110 300 33,000

10 Sale 66 750 49,500

19 Sale 33 750 24,750

28 Purchase 110 330 36,300

June 5 Sale 66 790 52,140

16 Sale 88 790 69,520

21 Purchase 198 360 71,280

28 Sale 99 790 78,210

1. Determination of the total sales and the total cost of goods sold for the period.

<h3>Total Sales:</h3>

Apr. 11 Sale 88 750 66,000

30 Sale 55 750 41,250

May 10 Sale 66 750 49,500

19 Sale 33 750 24,750

June 5 Sale 66 790 52,140

16 Sale 88 790 69,520

28 Sale 99 790 78,210

Total sales 495 $381,370

<h3>Cost of sales:</h3>

Cost of Goods Sold = Cost of goods available for sale minus ending inventory

= $147,510 ($191,070 - $43,560)

2. Determination of the gross profit from sales for the period.

Gross profit = $233,860 ($381,370 - $147,510)

3. Determination of the ending inventory cost as of June 30.

Ending inventory = $43,560 (121 x $360)

Apr. 3 Inventory 66 $225 $14,850

8 Purchase 132 270 35,640

May 8 Purchase 110 300 33,000

28 Purchase 110 330 36,300

21 Purchase 198 360 71,280

Goods available for sale 616 $191,070

Ending inventory 121 (616 - 495)

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5 0

2 years ago

What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000? Assume the m

Finger [1]

Answer:

a. The real GDP increases by $200,000.

a. The real GDP increases by $150,000.

Explanation:

a. What is the eventual effect on real GDP if the government increases its purchases of goods and services by $50,000?

Eventual effect on real GDP = Amount of increase in government spending * (1 /(1 - MPC)) = $50,000 * (1 / (1 – 0.75)) = $200,000

Therefore, the real GDP increases by $200,000.

a. What is the eventual effect on real GDP if the government, instead of changing its spending, increases transfers by $50,000?

Eventual effect on real GDP = (Amount of increase in government transfers * (1 /(1 - MPC))) - Amount of increase in government transfers = ($50,000 * (1 / (1 – 0.75))) - $50,000 = $150,000

Therefore, the real GDP increases by $150,000.

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3 years ago

Principal components of a master budget include a.production budget b.capital expenditures budget c.sales budget d.All of these

murzikaleks [220]

The principal components of a master budget include D. All of the above.

<h3>What is a budget?</h3>

A budget simply means an estimate of the income and expenditure for a particular period.

In this case, the principal components of a master budget include production budget, capital expenditures budget, and sales budget. Therefore, it's all of the above.

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2 years ago

Reagan Corp. acquired one hundred percent of Ford Inc. on January 1, 2016, at a price in excess of the subsidiary's fair value.

Artyom0805 [142]

Answer:

B. $497,000

Explanation:

Consolidated Balance of Equipment

Excess value at the acquisition $110,000

($350,000-$240000)

Book value as on Dec 31 2018 of Ford $170,000

Book value as on Dec 31 2018 of Regent $250,000

Less: excess depreciation <u>-$33,000 </u> ($110,000/10*3)

Consolidated balance of equipment <u>$497,000</u>

3 0

3 years ago