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3 years ago

15

The goal of operations management is to produce a good or service at the highest possible cost while maintaining the lowest poss

ible quality.
-True
- False

2 answers:

Sophie [7]3 years ago

4 0

That answer is True because it says that the lowest possible quality and it is true

IRISSAK [1]3 years ago

4 0

I believe the answer is true

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* Question 29 of 50 > VA Check My Work You are considering buying a $700 refrigerator on an installment loan with nothing dow

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$105.

Explanation:

Since you are considering buying a $ 700 refrigerator on an installment loan with nothing down and 12 monthly payments of $ 72.92, and you could also charge it to a revolving credit card with a 22 percent APR and pay it off with 12 payments of $ 64.84 and your credit card company would also give you a cashback bonus of 1 percent for the purchase, to determine how much you would save by using the credit card the following calculation must be performed:

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The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether

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Answer:

Note: <em>See missing wordings in attached picture below</em>

<em />

a. <u>2015</u>

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$225 - $119] / $225

Gross profit percentage = $106 / $225

Gross profit percentage = 0.47111111

Gross profit percentage = 47.11%

<u>2014</u>

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$242 - $127] / $242

Gross profit percentage = $115 / $242

Gross profit percentage = 0.475206612

Gross profit percentage = 47.52%

Conclusion: Insignia Corporation are likely to earn less gross profit from each dollar of sales in 2016 because Gross profit percentage decreased from 2014 to 2015.

b. <u>2015</u>

Net profit margin = Net income / Total revenue

Net profit margin = $26/$225

Net profit margin = 0.1155555

Net profit margin = 11.56%

<u />

<u>2014</u>

Net profit margin = Net income / Total revenue

Net profit margin = $37/$242

Net profit margin = 0.152893

Net profit margin = 15.29%

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3 years ago