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nadezda [96]
2 years ago
10

Classy Clay has extremely creative employees who, in the opinion of the organization, keep the company ahead of the competition.

The creativity of these employees would be classified as a(n ):
Business
1 answer:
Art [367]2 years ago
6 0

Answer:

strength

Explanation:

When you are performing a SWOT analysis, you must analyze both internal and external factors. Internal factors include strengths and weaknesses, while external factors include opportunities and threats:

  • strengths: analyses what does your company do well and distinguish it from the competition.
  • weaknesses: analyses what are your company's weak spots and what does your competition do better than you.
  • opportunities: new situations that can favor your company.  
  • threats: situations that can negatively affect your company.  

You might be interested in
2. A specialty chemical company is considering expanding its operations into Brazil, where five companies dominate the consumpti
krek1111 [17]

Answer:

Indirect Distribution Sales Channel

Explanation:

The specialty chemical company has five companies that are the consumers of the specialty chemicals. Therefore, it is a Business to Business transaction between the specialty chemical company and their target business customers.

The company should utilize an indirect distribution network. It can be sales operations only where the chemical is manufactured and being supplied to companies in Brazil. There should be carefully selected distributors who have their locations near the five companies. This network, will reduce lagging time of order delivery and sales efficiency will increase.

4 0
2 years ago
A North Face retail store in Chicago sells 500 jackets each month. Each jacket costs the store $100 and the company has an annua
algol13

Answer:

1) What is the annual holding and ordering cost?

annual ordering cost = $100 x 12 = $1,200

annual holding cost = ($100 x 25%) x [500 x 1/2(average inventory)] = $6,250

total $7,450

2) On average, how long does a jacket spend in inventory?

= 30 days / 2 = 15 days

3) If the retail store wants to minimize ordering and holding cost, what order size do you recommend?

economic order quantity (EOQ) = √[(2 x annual demand x order cost) / annual holding cost per unit]

EOQ = √[(2 x 6,000 x 100) / 25] = √48,000 = 219.09 units ≈ 219 units

4) How much would the optimal order reduce holding and ordering cost relative to the current policy?

EOQ = 219

total number of orders = 6,000 / 219 = 27.4 per year

average inventory = 219 / 2 = 109.5 units

annual ordering cost = $100 x 27.4 = $2,740

annual holding cost = ($100 x 25%) x 109.5 = $2,737.50

total $5,477.50

annual savings = $7,450 - $5,477.50 = $1,972.50

6 0
2 years ago
Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $
Alchen [17]
Rick gave his son $100 to buy food and drinks. His son returned with $25.50 in change. Therefore the amount spent was
$100 - $25.50 = $74.50.

Let
x = number of hot dogs bought (at $3.50 per hot dog).
y = number of milk shakes bought (at $8 per milk shake).
There were 8 orders of soda at $5 per soda.

The total order is $74.50, therefore
3.50x + 8y + 8*5 = 74.50
Simplify to obtain
8y = 74.5 - 3.5x
  y = 4.3125 - 0.4375x

We must have whole numbers (integers) for x and y.
Create a table that varies x from 0 to 8, and look for y to be an integer, as shown below.

  x       y
---  -------
 0   4.3125
 1    3.8750
 2   3.4375
 3   3
 4   2.5625
 5   2.1250
 6   1.6875
 7    1.2500
 8    0.8125

Because we cannot have fractional values for either x or y, the solution is x=3, y=3

Answer:
3 hot dogs, 3 milk shakes, and 8 sodas.
5 0
2 years ago
During 2019, its second year in operation, Sanborn Company delivered goods to customers equal to $6,250,000. The amount of cash
Alex Ar [27]

Answer:

Accounts receivable to be reported at the end of 2019 = $1090000

Explanation:

Assuming that all sales are made on credit.

The opening accounts receivable were = $ 1200000

We add the credit sales made during the year to the opening balance of accounts receivable to reach at total accounts receivable.

Total accounts receivable = 1200000 + 6250000 = 7450000

We deduct the amount received from customers against these sales to reach at the closing balance for accounts receivables.

Closing balance Accounts receivables 2019 = 7450000 - 6360000 = $1090000

6 0
2 years ago
Sierra Co. has provided the following information: Work in Process: Feb 1 25,000 units (100% complete for materials, 60% complet
Artemon [7]

Answer:

The answers are as follows:

a. 90, 000 units

b. Materials: 105,000; Conversion: 93,000

c. Materials: $1.4762; Conversion: $2.9785 (rounded to 4 decimal places)

d. $ 400,922 (rounded to whole dollar amount)

e. $31, 078 (rounded to whole dollar amount)

Explanation:

Work in process valuation entails calculating the value of goods which are started and completed during the period plus the value of goods which are not yet completed but have been started during the current period. In order to calculate the required, the following abbreviations will be employed:

<u>Op.Wip</u> is the value of the opening inventory

<u>Current </u>is the total cost of production in the current period

<u>Total C </u>is the total cost of production incurred during the current period including opening inventory

<u>Comp. U</u> is the quantity of completed units in the current period

<u>WIP eq.U </u>is the equivalent units of production for the current period. Equivalent units are the number of units that are computed for partially completed units of production.

<u>Total eq.U</u> is the total quantity of units produced including equivalent units (completed units plus equivalent units)

<u>CPU</u> is the cost per unit of production for materials as well as conversion costs

<u>Mat</u> represents materials and <u>CC</u> represents conversion costs

<u>Part 1</u>

            <u> $ </u>          <u> $ </u>           <u> $ </u>                <u> $ </u>          <u> $ </u>                  <u> $ </u>    

    Op. Wip  Current  Total C    Comp. U   WIP eq.U  Total eq.U  

Mat  35,000  120,000  155,000   90,000     15,000        105,000                  

CC   <u>43,000</u>  234,000  <u>277,000</u>  90,000      3,000        93,000                            

       <u>78,000</u>                    <u>432000</u>                                          

Equivalent units: Materials (15,[email protected]% completion = 15,000 units); Conversion (15,[email protected]% completion = 3,000 units)

Cost Per Unit (CPU):

Materials cost: $1.476*  ($155,000/105,000 units)

Conversion cost: $2.978** ($277,000/93,000 units)

Total CPU: $4.454** ($1.476 + $2.978)     

*1.476190476

**2.978494624

***4.4546851

<u>Part 2:</u>

Work in Process:                                                                <u>$</u>

     Materials: (15000 units * 1.476190476)                22,142.85714

    Conversion Costs: (3000 units * 2.978494624)  8935.483871

Completed units: (90,000 units * 4.4546851)       <u>    400,921.659</u>

                                                                                <u>      </u><u> 432, 000   </u>

3 0
2 years ago
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