Answer: I would recommend Toyota to begin from Step 2,
Explanation:
Toyota should start from start at stage 2 assess the current reality so that they can move to stage 3 formulate a new grand strategy, implement the new strategy and maintain strategic control.
Toyota Strategy to focus on profit did not work out, the company ended up producing sub standard vehicles. Toyota should Assess the current reality and formulate a new Grand Strategy that will not only focus on profit .
I would say save, invest and start a business
Answer:
Total Inventory 250,590
Explanation:
We have to pick the lowest price between the istoric cost (FIFO method) and the market value of the goods)
units x lowest
Adams 100 x 125 = 12,500
Coolidge 375 x 90 = 33,750
McKinley 220 x 60 = 13,200
Garfield 900 x 115 = 103,500
Lincoln 626 x 140 = <u> 87,640</u>
Total Inventory 250,590
Answer:
Option 2 is only correct.
Explanation:
The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.
The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.
Gross profits is defined as the total profit generated minus the costs of goods sold, that is, gross profit = sales - costs of goods sold.
From the question given,
Net sale = $ 100,000
Costs of goods sold = $ 70,000
Gross profit = $100,000 - $70,000 = $30,000.
Thus, the gross profit is $30,000.
Operating expenses is not directly involved in the production process that is why it is not used in the calculation of gross profit. But the operating cost will be involved in the calculation if we are asked to calculate the NET PROFIT.
