Scientific management is the study of work methods to improve the productivity of ____

Lauren is trying to find her net income. She used the statement and the steps shown.

Marat540 [252]

Lauren made an error in step 3 because she should have subtracted expenses from income.

Net income = (Total of all sources of income)- (Total of all bills and expenses)

You must subtract expenses because they are things you are paying for.

8 0

3 years ago

Read 2 more answers

Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 14,000 Selling price per unit $ 16

DanielleElmas [232]

Answer:

Results are below.

Explanation:

First, we need to calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 12,000 + 87,000 - 23,000

COGS= $76,000

Traditional format income statement:

Sales= 14,000*16= 224,000

COGS= (76,000)

Gross profit= 148,000

Total selling expense= (20,000 + 14,000*1)= (34,000)

Total administrative expense= (13,000 + 14,000*1)= (27,000)

Net operating income= 87,000

Contribution format income statement:

Sales= 14,000*16= 224,000

Total variable cost= (76,000 + 14,000 + 14,000)= (104,000)

Contribution margin= 120,000

Total fixed selling expense= (20,000)

Total fixed administrative expense= (13,000)

Net operating income= 87,000

5 0

3 years ago

Whenever Don calls on potential pest control customers, he emphasizes the fact that, unlike the national franchise competitors,

Amiraneli [1.4K]

Answer:

positioning

Explanation:

Based on the information provided within the question it can be said that in this scenario Don is positioning his business relative to his competition. In the context of business, positioning refers to the actions taken by a business in order to for the business/brand to occupy a specific place in the minds of their customers, as well as setting them apart from the competition, so that those customers choose them instead of the competition.

7 0

3 years ago

Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic i

Tasya [4]

Answer:

$311,100

Explanation:

Solution

Recall that:

Assume Chester corp downsized the size of their workforce by = %

The exit interviews cost estimated = 100

Additional normal costs of separation = $5000

Now,

The Total Employee = 305

The Down Sizing = 20%

Thus,

The Total Employee = 305 x 20% = 61 employees

so,

The Separation cost per employees = $5000

The Exit interview cost = $100

Total cost = $5,100

Now,

The total overall cost of separation = 61 employees x total cost of separation per employees

Which is,

= 61 x 5100 = = $311,100

3 0

4 years ago

What do you think an investor would be most interested in knowing about the financials of your company? Why do you think that is

salantis [7]

Before making an investment, investors look at a company's financial accounts because they believe that bigger profit margins will result in a better return. The company's reputation encourages investors to make risk-free investments with ease.

What is investing?

Buying an asset or thing in the future with the expectation that it will produce income or increase in value is referred to as "investing."

Investors value financial statements because they contain a wealth of information about a company's balance sheet, income statement, and cash flow statement.

Investors pay attention to a company's profit margins since they result in a higher rate of return. The company's annual report from the prior year and goodwill of the company show investor to easily invest without any risk.

As a result, an investor must be interested of the company's financial statements and goodwill.

Learn more about on company, here:

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#SPJ1

8 0

2 years ago

Scientific management is the study of work methods to improve the productivity of _____.