Answer:
Profit growth
Explanation:
The core responsibilities of a Chief Executive Officer(CEO) involves communicating on behalf of the company with government officials, institutions and entities, making better and responsible corporate decisions that will accelerate the growth and the development of the company and communicating on behalf of the company with its directors, boards and shareholders.
As a CEO of a Major cooperation, my initial attention will be given to the company's profit growth. I will put in place goals, objectives and strategies that would lead the company to growth in revenues and profits generation, and thus, enabling the company to expand and realize unprecedented profit growth.
Globalization increases both oppurtunities like more customers and threats like competition. Supply chain members could be more spread out, but it could also lead to lower cost options.
Hi there,
The law of diminishing marginal utility states that the marginal utility of a good or service declines as its available supply increase.
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Answer:
The answer is: Maestro's inventory turnover was 5.75 times
Explanation:
In order to find the inventory turnover we use the following formulas:
- Inventory turnover = COGS / Average inventory
- Average inventory = (beginning inventory + ending inventory) / 2
First we find the average inventory:
- Average inventory = ($35,000 + $45,000) / 2 = $40,000
Now we can calculate the inventory turnover:
- Inventory turnover = $230,000 / $40,000 = 5.75 times
Answer: See explanation
Explanation:
1. Calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.
The first year's net earnings under the cash basis of accounting will be:
Service revenue = $23400
Less: Expenses = $14310
Net income = $9090
The first year's net earnings under the accrual basis of accounting will be:
Service revenue = $29500
Less: Expenses = $15500
Net income = $14000
2. Which basis of accounting (cash or accrual) provides more useful information for decision-makers?
It should be noted that the accrual basis of accounting gives decision makers more useful information. This is due to the fact that the decision makers will probably want to know the revenue and the expenses that were incurred for a particular period and every other necessary details.
