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A German business that makes millions of vehicle parts annually was able to lower its cost per unit as it boosted production. This serves as an example of the idea of economies of scale.
Cost advantages that businesses enjoy when production becomes efficient are known as economies of scale. By increasing production and reducing expenses, businesses can attain economies of scale. Costs are divided among more products, which causes this. Costs come in fixed and variable forms.
When it comes to economies of scale, the size of the business typically matters. Cost savings increase with business size. Both internal business and external economies of scale are possible. While external economies of scale are influenced by outside causes, internal ones are based on management choices.
Economies of scale result in cheaper per-unit costs for a variety of reasons. Production volumes are first increased through worker specialization and better technological integration. Additionally, decreased per-unit prices may result from larger advertising purchases, bulk orders from suppliers, or lower startup costs. Third, cost reduction is aided by dividing internal function costs among a greater number of manufactured and sold units.
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Answer:
1. Classical theories were the earliest theories developed in time, while human relations theories developed later as a reaction to the classical management.
Explanation:
Classical management theory and human relations theories contrast greatly. It can be said that classical theories were the earliest ones developed, while much of the human relations theories developed later as a reaction to them.
Classical theories align with McGregor's Theory X and also in some top-do with-downs. They feature strict division of labor into different categories, including levels of management. Planning and communication are done in a "top down" fashion, meaning that information flows from top management downward.
Answer: The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed.
Explanation:
Answer:
Based on the attached,there is a strong indication that the question requires the student to prepare the current assets section of the balance sheet in the order of liquidity.
Current Assets $ $
Cash 32000
Accounts receivable 299300
Allowance for receivables (8680)
290620
Prepaid insurance 9680
Inventory 299300
Total current assets 631600
Explanation:
The order of liquidity is that cash comes first,as it is readily available for use in discharging obligations and need not be converted to any other form.
Accounts receivable takes the second position as it is just a step away to becoming cash
Lastly, inventory is the most difficult to convert to cash as it envisaged that it would first of all turn to accounts receivable and thereafter to cash
