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4 years ago

Functional level refers to the:

Business

1 answer:

melomori [17]4 years ago

4 0

Answer:

A level in an organization where groups specialists actually create value for the organisation.

Explanation:

Functional level approach is used by the management of an organisation to monitor the level of activities carried out by various departments.

Functional level outlines how different employees in each departments such as marketing, production carry out their various tasks to achieve the set goals and objectives of the organisation. Functional level approach utilized a number of specialists that are present within the functional loacation. It also helps in the proper allocation of resources to different departments so as to maximise profit.

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Ward Doering Auto Sales is considering offering a special service contract that will cover the total cost of any service work re

kodGreya [7K]

Answer:

a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. Warda expected profit per service contract is $50

Explanation:

a. In order to calculate the probability that any one customers service costs will exceed the contract price of $200 we would have to calculate first the z value as follows:

z=x-μ/σ

z=$200-$150/$25

z=2

Therefore, probability that any one customers service costs will exceed the contract price of $200 is p(x>$200)=p(z>2)

=1-p(z≤2)

=1-0.9772

=0.0228

The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. To calculate Warda expected profit per service contract we would have to make the following calculation:

Warda expected profit per service contract=service charge per contract-expected cost

Warda expected profit per service contract=$200-$150

Warda expected profit per service contract=$50

Warda expected profit per service contract is $50

4 0

3 years ago

Hayes Corporation has $522 million of common equity on its balance sheet and 9,000,000 shares of common stock outstanding. The c

mylen [45]

Answer:

sry need points

Explanation:

5 0

3 years ago

SDLC is: 1. A plan to outsource and insource an information system to meet the organization's information needs 2. An informatio

algol13

<h3>SDLC is a way to deliver efficient information systems that fit with an organization's strategic business plan </h3>

Explanation:

Software Development Life Cycle (SDLC) is a method used by the software industry for designing, producing and reviewing applications of high quality. The SDLC strives to create a high-quality product that meets or exceeds customer requirements, completes in time and estimates of costs.

A life cycle of software development is close to that of a life cycle of a project. In fact, in many situations, SDLC is considered to be a phased project model that matches the organizational business plan, personnel, policy, and budgeting constraints of a huge scale systems project.

4 0

3 years ago

In order to be successful, money in a fiduciary monetary system must have

Lina20 [59]

The answer is fiduciary monetary systems. Cash gets its incentive from the certainty that general society has in its agreeableness. A case of such fiscal framework is the United States financial framework. On the off chance that you at any point saw the words in any dollar charge which says "In God We Trust" was first utilized as a part of 1957. Prior to that date, dollar bank notes were indicating "Silver Certificate".

3 0

3 years ago

Moonbeam Company manufactures toasters. For the first 8-months of 2017, the company reported the following operating results whi

bearhunter [10]

Answer:

Moonbeam Company

a. Incremental Analysis:

Sales revenue:

Units of toasters (21,600 at $8.12) $175,392

Variable costs (21,600 * $7.12) 153,792

Shipping costs 3,100

Total incremental costs $156,892

Incremental net income $18,500

b. Moonbeam should accept the special order. It has the required capacity to deliver the additional toasters. It will generate an incremental income of $18,500, which is better than nothing.

Explanation:

a) Data and Calculations:

Sales (350,000 units) $4,375,000

Cost of goods sold 2,600,000

Gross profit 1,775,000

Operating expenses 840,000

Net income $935,000

Operating capacity = 75%

Current sales = 350,000

Plant capacity = 466,667 units (350,000/75%)

Total Per Unit

Sales (350,000 units) $4,375,000 $12.50

Variable cost of goods sold = 1,820,000 ($2,600,000 * 70%)

Variable operating expense = 672,000 ($840,000 * 80%)

Total variable costs = $2,492,000 $7.12

Net income = $1,883,000

Special Order:

Incremental Sales revenue

Units of toasters (21,600 at $8.12) $175,392

Variable costs (21,600 * $7.12) 153,792

Shipping costs 3,100

Total incremental costs $156,892

Incremental net income $18,500

8 0

3 years ago