A Management Science Perspective is a management perspective that originated after World War II and used mathematics, statistics, and other quantitative tools to managing challenges.
Management science, often known as mathematical or quantitative measurement, sees management as a logical entity whose actions may be described in terms of mathematical symbols, connections, and measurement data.
The mathematical model is the key emphasis of this technique. This device may represent management and other challenges in fundamental relationships, and if a specific goal is sought, the model can be expressed in terms that optimize that goal. This method borrows heavily from decision theory and, in fact, provides several ways for rational decision-making.
Therefore, the answer is management science perspective.
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Answer and Explanation:
a. The computation is shown below;
Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280
And, non taxable fringe benefit is $2,300
So here he should use the nontaxable fringe benefit
b. Yes answer would be changed
Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640
And, non taxable fringe benefit is $2,300
hence, the same is to be considered
The factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
<h3>What is revenue?</h3>
It should be noted that revenue simply means the income that a company can make based on the sales of a product.
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees.
In this case, the factors that will most likely affect revenues and profit include the number of production units, direct costs, and the production per unit.
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Answer:
8375 units
Explanation:
Given: Fixed expenses = $52,000, Number of units to be sold = 6500 units, target profit = $15000
At breakeven; contribution margin = fixed cost = $52000
Hence contribution margin per unit = $52000/6500 = $8 per unit
Target contribution margin = Fixed cost + Target profits
= (52000+15000) = $67000
Hence sales in units = (67000/8) = 8375 units.
Answer:
can be reduced by placing a large number of small bets rather than a small number of large bets.
AND
can be reduced by increasing the number of stocks in a portfolio.
Explanation:
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