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3 years ago

What is the significance of operation research in modern management?

Business

1 answer:

Alex17521 [72]3 years ago

4 0

Answer:

Operations research is an important method that is used by modern management for solving complex problems under uncertain conditions. Operation research is used in business where the managers need to take risk since there are very few things are certain.

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last year, you earned a rate of return of 7.55 percent on your bond investments. during that time, the inflation rate was 2.19 p

pychu [463]

The real rate of return is 3.15%.

What is real rate of return?
The annual percentage of financial gain on an investment that has been prorated for inflation is known as the real rate of return. As a result, the real rate of return provides an accurate representation of the real purchasing power of the a given sum of money over time. The investor can calculate how much more of a nominal return seems to be real return by adjusting this same nominal return to account for inflation. Investors must account for the effects of additional factors, including such taxes and investing fees, in addition to adjusting for inflation, in order to calculate real returns on their investments or to make investment decisions. Subtracting this same nominal interest rate from the inflation rate yields the real rate of return.

1+real rate = (1+rate of return) / (1+inflation)
1 + real rate = (1+0.0645) / (1+0.032)
1 + Real Rate = 1.0315
Real Rate = 0.0315 = 3.15%

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10 months ago

On January 1, 2021, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c

lutik1710 [3]

Answer:

$207,800

Explanation:

Date Expenditure Weight Average

January 1 $980,000 12/12 $980,000

March 31 $1,580,000 9/12 $1,185,000

June 30 $1,256,000 6/12 $628,000

Sept. 30 $980,000 3/12 $245,000

Dec. 31 $780,000 0/12 $0

Total $3,038,000

Calculation of average interest rate for general debt

Amount Rate Interest

Bonds $8,000,000 11% $880,000

Long term rate $2,000,000 6% $120,000

Total $10,000,000 $1,000,000

Average interest rate = $1,000,000 / $10,000,000

Average interest rate = 10%

Calculation of interest capitalized

Note: General debt = $3,038,000 - $2,400,000 = $638,000

Average Interest rate Capitalized interest

Specific debt $2,400,000 6% $144,000

General debt $638,000 10% $63,800

Total $207,800

7 0

3 years ago

The accounts payable account is a/an _______, and it has a normal _______ balance.

Katyanochek1 [597]

In finance and accounting, accounts payable can operate as either a credit or a debit. Because accounts payable is a penalty account, it should have a credit balance.

<h3>Are accounts owed a debit or credit in normal balance?</h3>

Accounts payable (A/P) is a type of penalty account, so it stays on the credit side of the trial balance as the normal balance. It is the amount that we owe to suppliers for the interests or services that we have already acquired but have not paid yet.

Accounts payable (AP) is a short-term debt and a liability on a balance sheet where a corporation owes money to its vendors/suppliers that have provided the business with goods or services on credit.

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1 year ago

Exercise 8-02 The following control procedures are used at Torres Company for over-the-counter cash receipts. (a) For each proce

saveliy_v [14]

Answer: weakness

Cashiers are not bonded. Cash is not adequately protected from theft. Inability to establish responsibility for cash with a specific clerk. The accountant should not handle cash. Cash is not independently counted.

Principal: Segregation of Duties.Human Resource Controls.Independent Internal Verification.Documentation Procedures Physical Controls.Establishment of Responsibility.

Explanation:

There should be separate cash drawers and register codes for each clerk. A cashier office supervisor should count cash. The cashier’s department should make the deposits. All cashiers should be bonded. Cash should be stored in a safe until it is deposited in the bank.

3 0

3 years ago

CEO, Inc.’s budgeted data for March when 2,400 units were budgeted to be produced and sold are provided: Controllable fixed cost

Temka [501]

Answer:

$1,450 unfavorable

Explanation:

For computing the variance, first we have to compute the budgeted profit which is shown below:

The budgeted profit = Revenue - expenses

where,

Revenue is $190,000

And, the expenses = Variable cost + Fixed cost

The variable cost per unit is not given so first we have to calculate it

Variable cost per unit = $105,840 ÷ 2,400 units = $44.10

Now for 2,500 units, the total cost would be

= ($44.10 × 2,500 units) + $31,300

= $141,550

Now the budgeted profit would be

= $190,000 - $141,550

= $48,450

And, the variance equal to

= Actual profit - budgeted profit

= $47,000 - $48,450

= $1,450 unfavorable

4 0

3 years ago

What is the significance of operation research in modern management?​

What is the significance of operation research in modern management?