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Kipish [7]
3 years ago
10

How would you ensure that proper plans are installed for the creditors section which was been managed poorly in the future?

Business
1 answer:
Natalija [7]3 years ago
5 0
I'm not sure whether you have any options, but here are some of the ways you can ensure that proper plans are installed for the creditors section in the future:
1. Proper handing and monitoring of resources which includes systems, documentation, and procedures - this is very important, to take care of everything so that there are no mistakes
2. Finances must be reviewed correctly, either it is external or internal - unless you do this, you are facing a risk of losing yours, as well as creditors' money
3. Perform and conduct series of simulations before actual implementation - you need to know whether your changes will work before you actually introduce them
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Arriving at a cost structure that is both profitable and hard for potential followers to match is called
MrRa [10]

Arriving at a cost structure that is both profitable and hard for potential followers to match is called a <u>Price Minus</u>.

<h3>What is a Price Minus?</h3>

A Price Minus is a pricing strategy that deducts some amount from the market price to attract more customers and increase profitability to the detriment of competitors.

A price minus can be used as a market penetration strategy.

Thus, using a price minus, a company can arrive at a cost structure that achieves profitability and deters potential competitors without instigating a price war.

Learn more about pricing strategies at brainly.com/question/27124956

5 0
2 years ago
Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation, estimating a 5-year life and $500 salvag
lisov135 [29]

Answer:

According to the straight-line depreciation, this number can be obtained by dividing the difference between an asset's cost and its expected salvage value.

<u>Depreciation</u> = Asset's Cost - Expected Salvage Value ÷ Expected Years of use

Explanation:

In the case of Tops Co., they purchase equipment for $12,000 - $500 of Salvage Value expected ÷ 5  Expected years of use

The estimated depreciation will be $2,300 for 5 years

At the beginning of the third year Tops Co. decided to use the equipment for 6 years and no salvage value.

The remaining purchase value will be $12,000 - $2,300 (x3) = $5,100

Apply again the formula described above and our answer will be:

The revised estimated depreciation is $1,700 for the remaining three years.

4 0
2 years ago
Read 2 more answers
Which of the following is a similarity between goods and services? Question 21 options: A) mass production B) Both have quality
solong [7]

Answer:

The correct answer is option B.

Explanation:

Goods are physical and tangible products that are used to satisfy human wants and needs. While services are non-tangible products that are used for the same purpose.

The difference between the two is that is in terms of tangibility. Also, goods can be produced in advance and stored in inventories, unlike services. Services are immediately consumed as produced.  

The similarity between the two is that both have quality standards. However, the quality standards of services depend on the expectations before the consumption.

3 0
3 years ago
What do service companies use when it comes to designing processes?
Marina CMI [18]

Answer:

Service companies can implement a service design process that involves planning and reviewing the types of services it provides and analyzing how to better meet the needs of its customers. The steps involved in a service design process include: Analyzing customer needs. Planning the implementation.

Explanation:

7 0
2 years ago
Kevin's Company uses a normal costing system, applying overhead using a single plant-wide rate. At the beginning of the year, bu
Yuri [45]

Answer:

$430,000

Explanation:

MOH recovery rate = Estimated MOH / Estimated direct labor hours

MOH recovery rate = $400,000 / 80,000 hours

MOH recovery rate = $5 per direct labor hours

So, the applied amount of manufacturing overhead rate is $5

Assigned amount of MOH = MOH recovery rate * Actual direct labor hours

Assigned amount of MOH = $5 * 86,000 DLH

Assigned amount of MOH = $430,000

5 0
3 years ago
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