Answer:
b. 20
Explanation:
For 5 flights per month
Total Cost = Variable cost + Fixed cost
Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee
Total Cost = (5 X 10000) + 20,000 = $70,000
For 6 flights per month
Total Cost = Variable cost + Fixed cost
Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee
Total Cost = (6 X 10000) + 20,000 = $80,000
Additional Cost for 6th flight = $80000-70,000 = $10,000
Minimum No. of Passenger to cover the cost = Additional cost / Ticket price per seat
Minimum No. of Passenger to cover the cost = $10,000 / $500 = 20 seats passengers.
In order for Economics Airlines to be willing to run the 6th flight, 300 customers must fly on it.
Explanation:In order for Economics Airlines to be willing to run the 6th flight, it needs to cover its costs, which include airport fees and expenses for fuel, crew, and maintenance. Currently, the total cost for 5 flights is 5 times the sum of airport fees ($20,000) and flight expenses ($10,000).
So, the total cost for 5 flights is 5 * ($20,000 + $10,000) = $150,000.
Each seat ticket costs $500, and the airline needs to cover the cost of the 6th flight. To find out how many customers must fly on the 6th flight, we need to divide the cost of the 6th flight by the ticket price: $150,000 / $500 = 300 customers.
Therefore, in order for Economics Airlines to be willing to run the 6th flight, 300 customers must fly on it.
During discussions relating to the formation of kingfisher, seth mentions that he may be interested in either (1) just selling all of his inventory in the current year for its fair market value of $96,000 or (2) proceeding with his involvement in kingfisher's formation as shown above but followed by a sale of his stock five years later for $90,000. what would be the tax cost of these alternative plans, stated in present value terms?
Answer:
Some assumptions made are: discount rate of 6%.
Seth’s marginal income tax rate is 35% and his capital gains rate is 15%.
look below
Tax cost associated with the current sale of inventory for $96000
amount realized 96000
less :Adjusted basis -30000
Ordinary gain recognized 66000
tax cost(66000*35%) 23100
Present value factor *1.00
Present value of tax cost 23100
Tax cost associated with the current receipt of 30 kingfisher share,then sales in five years of $90000 shares
current ordinary gain of kingfisher $6,000
tax cost(66000*35%) $2,100
Present value factor *1.00
Present value of tax cost
Capital gained on sale of kingfisher shares in five years
Amount realized 90000
less adjusted basis -30000
capital gained recognized $60,000
tax cost(66000*15%) $9,000
Present value factor *.7473
Present value of tax cost 6726
Total present value of tax cost 8,826
Explanation:
During discussions relating to the formation of kingfisher, seth mentions that he may be interested in either (1) just selling all of his inventory in the current year for its fair market value of $96,000 or (2) proceeding with his involvement in kingfisher's formation as shown above but followed by a sale of his stock five years later for $90,000. what would be the tax cost of these alternative plans, stated in present value terms?
Some assumptions made are: discount rate of 6%.
Seth’s marginal income tax rate is 35% and his capital gains rate is 15%.
look below
Tax cost associated with the current sale of inventory for $96000
amount realized 96000
less :Adjusted basis -30000
Ordinary gain recognized 66000
tax cost(66000*35%) 23100
Present value factor *1.00
Present value of tax cost 23100
Tax cost associated with the current receipt of 30 kingfisher share,then sales in five years of $90000 shares
current ordinary gain of kingfisher $6,000
tax cost(66000*35%) $2,100
Present value factor *1.00
Present value of tax cost
Capital gained on sale of kingfisher shares in five years
Amount realized 90000
less adjusted basis -30000
capital gained recognized $60,000
tax cost(66000*15%) $9,000
Present value factor *.7473
Present value of tax cost 6726
Total present value of tax cost 8,826
As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3. Cash $5,000 Accounts Receivable 15,000 Inventory 40,000 Prepaid Insurance 3000 Long-term Assets 100,000 Accounts Payable 15,000 Notes Payable in 5 Months 12,500 Salary Payable 25,000 Notes Payable in 5 Years 35,000 Owner’s Equity 98,000 1. What is the company's Quick Ratio? Question 1 options: 1.70 0.70 0.38 1.25
Answer:
C. Quick Ratio = 0.38
Explanation:
We know,
Quick Ratio = [tex]\frac{Current Assets - Inventory - Prepaid Expenses}{Current Liabilities}[/tex]
Quick ratio means how quickly a company can pay its current debt with its quick assets.
Given,
Current Assets = Cash + Accounts Receivable + Inventory + Prepaid Insurance
Current Assets = $(5,000 + 15,000 + 40,000 + 3,000) = $63,000
Current Liabilities = Accounts Payable + Notes Payable in 5 Months + Salary Payable
Current Liabilities = $(15,000 + 12,500 + 25,000) = $52,500
Putting the value in the formula,
Quick Ratio = [tex]\frac{63,000 - 40,000 - 3,000}{52,500}[/tex]
Quick Ratio = $(20,000 ÷ 52,500)
Quick Ratio = 0.38 : 1
Therefore, the quick ratio is 0.38, and the option is "C"
Answer:
0.38
Explanation:
Jerry, the recruitment manager at Randents Inc., reviews the performance of his team members on a monthly basis. Based on the results of his monthly reviews, he decides to conduct daily reviews to analyze the performance of members who do not achieve their monthly targets. In the context of management functions, Jerry's action exemplifies _____.
a. organizing
b. planning
c. leading
d. controlling
Answer:
d. controlling
Explanation:
controlling as a function of management is the act checkmating if the established target is achievable and if not, the reasons for the deviation.
A form of Controlling that Jerry is undergoing is Personnel control which is aim at making sure other people do what should be done.
• The basic control process are seen in Jerry action as:
(1) establishing standards:
monthly target to be achieved has being given to the personnel
(2) measuring performance against these standards.
Jerry reviews the performance of his team members on a monthly basis.
(3) correcting deviations from standards and plans.1
Based on the results of his monthly reviews, he decides to conduct daily reviews to analyze the performance of members who do not achieve their monthly targets.
Suppose you were assigned the task of choosing a price that maximized economic surplus. What price would you choose? Why? A. Choose a price of zero because that is where consumer surplus (the area under the demand curve and above the price) is maximized. B. Choose a price ceiling below the equilibrium so that consumers won't have to pay too much. C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition. D. Choose the price where the quantity supplied is maximized because that is where output is the greatest. E. Choose the highest price possible because that is where producer surplus (the area above the supply curve and below the price) is maximized.
Answer:
C. Choose the price where the quantity demanded equals the quantity supplied because that is the equilibrium condition.
Explanation:
The equilibrium price is the most ideal because at this price the consume is willing to buy, if price goes above this the consumer may look for an alternative and this will further increase surplus.
Also when there is surplus the suppliers will find a way to sell competitively at the equilibrium price.
Gloria, the controller of luna pizza, is purchasing several new delivery vehicles. gloria has numerous work responsibilities, so she has limited time to shop for cars. because of the time constraints, she cannot make an extensive search for the best alternative, so she looks for cars until she finds a model that is satisfactory. gloria is following the model. a. limited focus
b. limited scope
c. dilemma
d. rational
e. satisficing
Answer: (E) Satisficing
Explanation:
The satisficing is one of the type of satisfactory model that helps in understanding the various types circumstances that helps in creating the various types of decisions.
The satisficing is the process of performing the various types of strategies for achieving the desirable result and it basically explain the various types of behaviors of the decision process.
According to the given question, Gloria is using the satisficing model for the purpose of providing the satisfaction by choosing the best alternative.
Therefore, satisficing is the correct answer.
Answer:
E.
Explanation:
hope this helps :)
client sells $49,000 of various stocks and wishes to use the proceeds to buy a mutual fund that has breakpoints at $10,000 intervals. Which statement is TRUE?
A. The customer must sign a letter of intent to reach the $50,000 breakpoint
B. The customer should be informed that investing an additional $1,000 will provide the benefit of a breakpoint
C. The customer should be informed that the sales charge earned by the representative will be lower if the breakpoint is reached
D. No additional disclosures are required to be made to the customer
Answer:
B. The customer should be informed that investing an additional $1,000 will provide the benefit of a breakpoint
Explanation:
In the transaction above some information should be disclosed and terms stated clearly so that both parties are satisfied.
For example violations must be avoided because if a customer is "close" to a breakpoint the customer must be prompted/aware that putting in the additional funds to reach that level had consequences which may/will result in a lower sales charge.
If a disclosure of this kind is not made, this registered representative however is said to have committed a violation known as a "breakpoint sale."
The unemployment rate may overestimate the true extent of unemployment if:
1. many part-time employees would like to work fulltime, but are unable to get the additional work.
2. many people who claim to be unemployed actually work in the underground economy.
3. people falsely claim that they are actively seeking work in order to receive unemployment benefits.
4. either B) or C) occurs.
Answer: 4. If either B or C occurs
Explanation: Unemployment is the total number of people who are not engaged in active employment and are willing and capable of working,it is usually represented in percentage of the entire Population. Unemployment can be over estimated when people who claim to be unemployed are actually employed in the underground Economy(unreported employments from legal work) and sometime people claim to be actively seeking for employment because they want to keep enjoying unemployment benefits and Compensation.
Cadmia, a small island nation, recently revised its income-tax law. The new law sought to increase taxes on wealthy corporations and citizen with higher incomes. Surprisingly, everyone responded positively to the tax revision as they believed that it will decrease inequality in the nation. In this scenario, the people of Cadmia have demonstrated support for:_____________
a. retributive justice.
b. procedural justice.
c. distributive justice.
d. restorative justice.
Answer:
Distributive justice
Explanation:
Distributive justice - it is referred to as a system of justice that ensures every citizen will get equal opportunity, ensure the basic right to all, ensure that for an equal amount of work equal amount of pay will be given.
In the same way, in Cadmia by new income tax law, the government ensured that every citizen will get equal opportunity and this will decrease the inequality on the island.
2. Alicia makes the statement that every time she eats chocolate, she gets acne. By ignoring the possibility that there may be another factor that causes Alicia to eat chocolate and which also causes her acne, Alicia is committing the:
a. fallacy that association is causation
b. mistake of rejecting a null hypothesis
c. fallacy of segmentation
d. fallacy of composition
e. mistake of ignoring secondary effects
Answer:
a. fallacy that association is causation
Explanation:
Alicia is making an association between chocolate and acne but, there is no proof on Alicia statement There should be a positive correlation between the chocolate eaten by Alicia and the acne to stablish a cause-effect between each variable else, we are doing a simplistic analysis.
Primary markets are the financial markets where _____.
a. already issued instruments with original maturities equal to one year or less are traded outstanding loans are traded
b. options and futures are issued by corporations
c. where previously issued financial assets are traded among
d. investors corporations and governments raise funds by issuing new securities
Answer:
d. investors corporations and governments raise funds by issuing new securities
Explanation:
The primary market is the market where for the first time the new securities such as shares, stocks, etc. are being sold to the public at large or we can refer initial public offer. The initial public offer is an illustration of the primary market.
In the other hand, the secondary market is that market in which the shares are bought or sold through the investors after selling to the general public. Like - New York Stock Exchange (NYSE), etc.
Luxury Linens Inc. produces the highest thread-count sheets available anywhere and does so at a price that none of its competitors can duplicate. It can be said that Luxury Linens has a(n) _____.
Answer: Sustainable competitive advantage
Explanation:
The sustainable competitive advantage is basically refers to the abilities attributes and the quality of an organization that are different from the others competitors as it basically favorable to the long term position in the market.
The main objective of the sustainable competitive advantages is that it providing an efficient advantages in this competitive environment. Product differentiation, low cost provider and the strategic asset are the main advantages.
According to the given question, the luxury linens Inc. is basically producing the high thread count and it measuring the various types of advantages such as profit, effective products of an organization.
Therefore, Sustainable competitive advantage is the correct answer.
Which of the following is NOT a means by which information improves decision making?
a. increases information overload
b. reduces uncertainty
c. provides feedback about the effectiveness of prior decisions
d. identifies situation requiring management action
Answer:
a. increases information overload
Explanation:
Gaining information usually improves decision making since more facts and situations get revealed owing to which there is better comprehension, analysis and decision making.
But, beyond a saturation point i.e the level beyond which an individual's mind cannot take any further information or process it, such gain of information results into an overload which leads to confusion and hampers the decision making process.
At the same time, when such a saturation point gets breached, the cost of providing such an information also increases which makes it unproductive.
Which of the following statements is(are) true:
I. The nominal interest rate is also referred to as the APR or the stated rate.
II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.
I only II only Both I and II are correct
Neither I nor II are correct
Answer:
Neither I nor II are correct
Explanation:
I. The nominal interest rate is also referred to as the APR or the stated rate.
This statement is not true because nominal interest rate is different from the annual percentage rate (APR).
A nominal interest rate is basically the interest rate is charged by banks or other financial institutions on a loan, and other expenses on the loan are not added to the interest when interest rate is being determined.
On the other hand, APR is nominal interest rate plus other expenses incurred in other to get the loan.
Therefore, nominal interest rate is usually lower than the APR. This makes them to be different.
II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.
This statement is not correct.
The interest rate is used to to compare two alternative investments/loans with different compounding periods is the effective interest rate.
The effective interest rate is the actual amount of interest rate that a lender or an investor earned on his loan, investment because of compounding that is done during a specific period of time. The effective annual interest rate is the interest rate that is employed to compare different investment products because, unlike other interest rate, compounded interest are estimated differently by it.
Therefore, Neither I nor II are correct.
I wish you the best.
Claudia, a researcher, conducted a survey in Spain. She wrote her report in Spanish. However, she wants to publish her findings in English. She hires a translator to translate her report in English and hires another translator to translate it back to Spanish. Claudia is trying to ensure _____.
Answer:
Translational equivalence
Explanation:
Translational equivalence -
It refers to the resemblance in the word in a particular language with its translation in other language , is referred to as translational equivalence .
The similarity can lead to any confusion or problem and hence , from the question ,
Claudia hires a translator of both the languages i.e. , english and spain , in order to avoid the problem of Translational equivalence .
Hence , the correct answer is Translational equivalence .
Claudia is ensuring the accuracy of translation of her report by comparing the original and back-translated Spanish versions. This approach is common in multilingual research and has been utilized by many authors to represent their diverse cultural and linguistic backgrounds.
Explanation:Based on the question, Claudia is trying to ensure accuracy in translation in her report. By translating the report to English and then back to Spanish, she aims to compare the two Spanish versions. If the back-translated Spanish version matches the original Spanish version, it indicates that the English translation accurately represents the original content. This approach is often used in multilingual research to maintain the accuracy and consistency of information across different languages. For example, authors such as Sandra Cisneros, Chimamanda Ngozi-Adichie, Samuel Beckett, and Jhumpa Lahiri have used multiple languages in their writing to reflect their cultural and linguistic diversity, enhancing their work.
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Eka manufacturing company produces part #2206 for the aerospace industry. each unit of part #2206 is sold for $15. the unit production cost of part #2206 is $3. the fixed monthly cost of operating the production facility is $3000. how many units of part #2206 have to be sold in a month to break even?
Final answer:
Eka manufacturing company must sell 250 units of part #2206 in a month to break even, using the formula for the break-even point in units which is Fixed Costs divided by the difference between Unit Selling Price and Unit Variable Cost.
Explanation:
To calculate how many units of part #2206 need to be sold to break even, we must first understand that the break-even point occurs when the total revenue equals the total costs. Here, we have a fixed monthly cost of $3000 and a unit production cost of $3. Each unit is sold for $15.
The formula to calculate the break-even point in units is:
Break-Even Units = Fixed Costs / (Unit Selling Price - Unit Variable Cost)
Plugging in the values:
Break-Even Units = $3000 / ($15 - $3)
Break-Even Units = $3000 / $12
Break Even Units = 250
Therefore, Eka manufacturing company must sell 250 units of part #2206 to break even for the month.
Don was driving his truck when a board fell out of the truck bed and onto the road. Alice, who was driving closely behind Don's truck, tried to avoid the board, swerved, and struck a telephone pole, causing her severe injuries. Which of the following is correct?
A. In a comparative negligence state, the actions of Don and Alice will be weighed to determine liability.
B. Don was not negligent in allowing the board to fall out of his truck.
C. Don is strictly liable to Alice for her injuries.
D. Don is engaging in ultrahazardous activity.
Answer:
A. In a comparative negligence state, the actions of Don and Alice will be weighed to determine liability.
Explanation:
Comparative negligence is a way to weigh the negligence of the parties involved in a dispute.
In this case Don could be said to be negligent by not securing the boards properly in his truck, resulting in them falling off.
On the other hand Alice should have not been driving very closely to Don's truck.
So the actions of Don and Alice will be weighed to determine liability.
Final answer:
The correct answer is A, wherein a comparative negligence state, both Don's and Alice's actions will be considered to determine liability for the accident, weighing the negligence on both sides.
Explanation:
The correct answer to the question is A. In a comparative negligence state, the actions of Don and Alice will be weighed to determine liability. Comparative negligence is a legal principle where the actions of each party are weighed to determine the percentage of fault and, consequently, liability. Don's action of losing the board from his truck could be considered negligence if he did not secure the load properly. On the other hand, Alice's reaction to swerve could also contribute to the accident if it is deemed an overreaction or unsafe maneuver in the given circumstances.
Option B, stating that Don was not negligent, cannot be determined without more facts. Option C, which suggests Don is strictly liable, is incorrect since strict liability usually applies to inherently dangerous activities, which is not the case here. Option D, suggesting Don is engaging in ultrahazardous activity, is also incorrect as transporting items in a truck is not considered to be an inherently dangerous or ultrahazardous activity that would automatically make him liable irrespective of negligence.
When considering the given scenarios, it is clear that the primary concern is to understand the concept of comparative negligence and how it applies to the given situation, rather than to determine strict liability or ultrahazardous activity.
The executive leadership team of a large corporation is analyzing a report. The report's contents have information that can be used to better understand and anticipate a competitor's objectives, strategies, assumptions, and capabilities. What is the term for the report being analyzed?
a. External analysis
b. Internal analysis
c. SWOT analysis
d. Competitor intelligence
Answer:
The answer is D.
Explanation:
Competitor intelligence essentially means understanding and learning what's happening in the world outside your business so you can be as competitive as possible. It means learning as much as possible about your industry in general, your competitors, or even your county's particular zoning rules so as to get a better understanding of what the consumers want.
McGraw-Hill is planning a study of educator preferences to determine the needs of college instructors. Because of the number of college instructors, McGraw-Hill will select a portion of the target population, known as a(n) _____, to participate in the study.
A. element
B. sample
C. sampling frame
D. census
E. extent
Answer:B. Sample
Explanation: A sample can be described as a particular portion of a population which are to be used in a study, Experiment or research.
A good sample should contain a good representation of the population in order for it to be effective in carrying out the study, research or Experiment. The action of McGraw Hill which is to select a sample of the target Population is known as sampling,which means the act of taking sample.
Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, community recycling, and education. This is an illustration of a CSR program.A.TrueB.False
Answer:
True
Explanation:
The efforts made by company to contribute towards sustainable development and improvement of society is called Corporate Social Responsibility(CSR).
By practising social responsibility it tries to be conscious of the social, economic and environmental impact it is having on the society. If a company is engaged in CSR, it means that a company is making positive contribution to environment and society. Philanthropy is one way in which company indulges in CSR. It is helpful for both the corporation and the employees. It helps the company to form stronger bond with employees and boosts their morale.
20. Otto's Tune-Up Shop follows the revenue recognition principle. Otto services a car on August 31. The customer picks up the vehicle on September 1 and mails the payment to Otto on September 5.Otto receives the check in the mail on September 6. When should Otto show that the revenue was recognized? A) August 31 B) August 1 C) September 5 mber
Answer:
Option A-The revenue must be recognized on 31 August.
Explanation:
The accrual concept says that the income must be recognized when they are earned not when the amount is received and expenses when they are incurred not when they are paid.
So according to accrual concept, the entity must deliver its share to recognize sales that is servicing the car. When the entity will service the car then it should recognize the revenue otherwise not. So in accrual basis accounting the date of payment is irrelevant for recognition of revenue and expenses.
Answer:
A) August 31
Explanation:
The revenue recognition principal states that a company should only recognize revenue when it has substantially completed the earning process. This earning process can be completed either before or after receiving the payment. If it is completed before receiving payment, an accounts receivable is created. But if the good or service was paid in advance, an accounts payable is created until the good or service is delivered or completed.
In this case, Otto completed the earning process either August 31 or September 1, it is not clear when the car service was completed, but since September 1 is not an option, then the only possible option is August 31.
An important managerial task in global marketing is learning to recognize the extent to which it is possible to extend marketing plans as well as the extent to which adaptation is desired. The way a company addresses this task is a reflection of the company's:
Answer:
global marketing strategy
Explanation:
A Global Marketing plan or strategy (GMS) refers to the strategy that includes nations from several different parts of the world and seeks to coordinate the marketing efforts of a business in those countries ' markets.
One must not equate a global marketing strategy with something like a global manufacturing approach. Subcontracting and overseas manufacturing affiliates may be used for or without a GMS for the finished products, common features of a global production approach.
What are the three legal forms of business organization? What are the advantages and disadvantages of each one
Answer:
There are three basic forms of business ownership: sole proprietorship, partnership and corporation. Each of these forms of business organization has advantages and disadvantages in such areas as setting up the company, paying taxes and assessing liability for business debts.
Oscar is a real estate entrepreneur in a country that promotes the individual right to own property, earn profits, make decisions about business operations, and choose productivity systems. Which system best describes Oscar's business environment?
Answer:
The correct answer is: Free Enterprise.
Explanation:
Free Enterprise is the economic term used to describe an economy with very little government ownership or regulation. In a free enterprise system, competition and the preferences and choices of consumers are the primary restrictions on businesses' actions. Free enterprise advocates claim that the market is the best way to regulate human behavior and equitably create and distribute wealth.
A prepayment that is originally recorded as an asset will be ______. allocated to future accounting periods equally over the periods receiving the benefit expensed in total at the end of the accounting period allocated to future accounting periods based on the cost of the asset used during the period transferred to a liability account at the end of the accounting period
Answer:
Allocated to future accounting periods based on the value of the benefit used during the period.
Explanation:
In a pre-payment. you already make the payment for a certain goods or services before you actually use them.
In most cases, the value of prepaid goods or services tend to be decreased as the time goes by , so you need to make adjustment based on the value of the benefit.
For example, Let's say that on June you purchase a prepaid insurance for 1 year, costing you $1,200. At the end of the year, you need to adjust the value and cut it in half since you've been using half of the benefit (6 months between june-December)
In the context of the external environment of an organization, the task environment: a. is formed by the interaction among a community of organizations. b. is composed of current employees, management, and especially corporate culture. c. affects organizations indirectly and eventually. d. includes the sectors that conduct day-to-day transactions with the organization.
Answer:
In the context of the external environment of an organization, the task environment: includes the sectors that conduct day-to-day transactions with the organization.
Explanation:
In an organization setting, what is tagged as external environment entails the sectors that transacts with the organization on a day-to-day routine. Their forms of relationship on daily basis makes them to serve as external environment, they could be clients as the case may be.
Net credit sales for Winner Company are $100,000 for the year. The Accounts Receivable account had a balance of $15,000 at the beginning of the year and $25,000 at the end of the year. What is the company's receivables turnover ratio?
Answer:
Receivables turnover ratio = 5
Explanation:
Receivables turnover ratio = Net Credit Sales / Average accounts receivable
Receivables turnover ratio = $100,000/$20,000
Receivables turnover ratio = 5
Average accounts receivable = (Beginning Account Receivable + Ending Account Receivable) /2
Average accounts receivable = ($15,000+$25,00)/2
Average accounts receivable = $40,000/2
Average accounts receivable = $20,000
Paula's Perfumes has a target profit of $4,000 per month. Perfume sells for $15.00 per bottle and variable costs are $13.50 per bottle. Fixed costs are $3,200 per month. The number of bottles that must be sold each month to earn the target profit is:______.
Answer:
4,800 bottles
Explanation:
The formula to compute the number of bottles sold is shown below:
= (Fixed cost + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $15 - $13.50
= $1.50
So, the number of bottles sold equal to
= ($3,200 + $4,000) ÷ ($1.50)
= 4,800 bottles
Answer:
Fixed costs are $3,200 per month. The number of bottles that must be sold each month to earn the target profit is 4,800
Operations management is applicable: Question 4 options: A) mostly to the service sector. B) mostly to the manufacturing sector. C) to services exclusively. D) to the manufacturing sector exclusively. E) to all firms, whether manufacturing or service.
Answer and Explanation:
E) to all firms, whether manufacturing or service.
The right response is E) to all businesses, whether manufacturing or service-oriented.
Concept of Operation ManagementPrinciples of operations management apply to both the industrial and service sectors. It entails the creation, planning, coordination, and management of processes that convert inputs into goods and services.
Operations management concepts and approaches can be used to increase efficiency, quality, and overall performance in a variety of companies, whether they manufacture tangible items or provide intangible services.
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The operations manager at a printing company has grouped together a work crew to assemble an order of 500 copies of an annual report for a toy manufacturing company. This is an example of ____________________
Answer: Cellular layout
Explanation:
The cellular layout is one of the organizational process in which the various types of similar produced are manufacturing together that contain some effective features and the characteristics.
The main goal of the cellular layout is that it helps in encompassing the various types of technology for producing the effective products more quickly.
According to the given question, the operational manager of the printing company where all the worked together for assembling an order of the 500 copies and this is an example of cellular layout.
Therefore, Cellular layout is the correct answer.
The operations manager at a printing company has grouped together a work crew to assemble an order of 500 copies of an annual report for a toy manufacturing company. This is an example of cellular layout.
The operations manager at a printing company has grouped together a work crew to assemble an order of 500 copies of an annual report for a toy manufacturing company is an example of a division of labor. This concept is related to the organizational behavior where tasks are broken down into different steps with specific roles assigned to each team member, enhancing the efficiency and speed of production. In this case, the work crew may be organized so that individuals will be focused on discrete aspects like printing, collating, or binding to increase the overall production efficiency.
An assembly line is a classic example of division of labor, where each worker completes a specific task contributing to the final product. Similarly, in an organizational setup, the formation of teams like assembly units or marketing departments revolves around grouping skilled individuals to focus on specialized tasks to maximize productivity and contribute to the firm's profitability.
In production tasks, teamwork is often essential, with the best use of each member's skills and expertise vital to the success of the final product. This is seen across various industries, from construction to printing. The key to effective team-based production is determining how to delegate responsibilities optimally among team members.
Therefore, The operations manager at a printing company has grouped together a work crew to assemble an order of 500 copies of an annual report for a toy manufacturing company. This is an example of cellular layout.
Company A does not employ an independent stock transfer agent, but rather issues its own stock and maintains its stock records. When outstanding shares are transferred from one holder to another, the certificate of the selling shareholder should be:
Answer:
Canceled. It is usually perforated and attached to the certificate book.
Explanation:
An independent stock transfer agent is an agent which a corporation has assigned the responsibilities of keeping the financial records of all its investors and track the movements of their account balances. The agent can be a bank, trust company or other related financial institutions.
Basically the functions of a transfer agent are to maintain the records of the owners of securities like bonds and stocks of a company that are traded publicly as well as cancelling and issuing certificates, and dealing with other issues.
When a does not employ an independent stock transfer agent, but rather issues its own stock and maintains its stock records, all these functions have to performed by it, especially by the registrar of the company. As the issue of selling and transferring stocks is a specialized area of functions carried by agent with the specialized training which the registrar may not have, a simple method of cancelling the certificate of a selling shareholder is employed when outstanding shares are transferred from one holder to another.
Therefore, the certificate of a selling shareholder is employed when outstanding shares are transferred from one holder to another especially by perforating and the attach it to the certificate book.
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