Answer:
Economies of scale.
Explanation:
In this scenario, the cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The chief financial officer (CFO) of the company, Neha Patel, has determined that if the company expands the output of its biggest U.S. plant by 20 percent, the unit cost would be only $82.50. The concept that as plant output expands, unit costs decrease, is known as economies of scale.
Economies of scale in microeconomics can be defined as cost reductions or cost advantages that arises when a business entity increases its level of production or are large in size.
This ultimately implies that, when a company chooses a convenient scale of operation or reduce its scale of production, this would lead to a reduction in the cost of production and consequently, some benefits such as lower long-run average cost, increased sales, profits and lower cost price for the consumers of these finished products.
Answer:
Professional approaches
<h3>
Explanation:</h3>
1)of, relating to, suitable for, or engaged in as a profession.
2 engaging in an activity for gain or as a means of livelihood.
3 extremely competent in a job, etc.
4 undertaken or performed for gain or by people who are paid.
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Answer:
0.55 million
Explanation:
The research cost that was spent on new products for new customer is 20% of $2.75 million.
Mathematically,
Cost Incurred on creating new product for new customer = $2.75m * 20%
= 0.55 million
Answer:
$608,000
Explanation:
For the indirect method, the below steps are applicable.
Net income $600,000 + Add non cash expense (depreciation) $45,000
= $645,000
We will need to account for changes in assets; which is add sources of cash and subtract use of cash. Therefore, net cash flow from operating activities is ;
= $645,000 + (-$25,000) + (-$12,000)
= $645,000 - $25,000 - $12,000
= $608,000
Note: The above negative signs indicates cash usage which reduces accounts payable and increases accounts receivable.
Love it or hate it, keeping a balanced budget is one of the most crucial aspects of running a daycare. No matter how excellent the service you offer is, your company will not be able to exist if you do not make more money than you spend.
You can understand exactly where your money is going and identify ways to be more efficient with careful planning and maintaining an eye on your finances. Having a system that you can use and that shows information in a way you can easily comprehend is crucial. The majority of the money you make as a child care provider comes from the parents of the children who are enrolled in your program.
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