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Leya [2.2K]
2 years ago
11

President Zane is adamant about getting feedback from customers about how the company could improve. They gather data through su

rveys, face-to-face interactions, and by listening to conversations in the store or at events. Decisions based on this feedback are dependent upon _____.
Business
1 answer:
Artist 52 [7]2 years ago
4 0

Answer:

These are the options for the question:

A.credibility of the source

B.information quality

C.whether the information is negative or positive

D.the cost of obtaining the information

E.how the information is to be used

And this is the correct answer:

C.whether the information is negative or positive

Explanation:

Because the information is being gathered with the goal of obtaining feedback from the customers about how the company could improve, making such changes depend on whether the information is negative or positive.

If for example, all the customers gave positive feedback, then the company would not need to change anything about its operation: it would be satisfying customer expectations.

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Robin Company wants to earn a 6% return on sales after taxes. The company’s effective income tax rate is 40%, and its contributi
Lubov Fominskaja [6]

Answer:

Answer is 1,200,000

Explanation:

return on sales after taxes = 6%

effective income tax rate = 40%, contribution margin = 30%.

Robin has fixed costs = $240,000,

We are to find the amount of sales required to earn the desired return using the information above.

Profit = Contribution - Fixed Cost

Assuming sales = K

6/(100-40)K = (30/100)K -240,000

0.1K =0.3K -240,000

0.2K =240,000

K = 240,000/0.2

so K =1,200,000.

5 0
2 years ago
The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered
harina [27]

Answer:

23.68%

Explanation:

The computation of the cost of not taking a cash discount is shown below:-

Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))

= (2% ÷ 98%) × (360 ÷ (50 - 19))

= 2.04% × 11.61

= 23.68%

Therefore for computing the cost of not taking a cash discount we simply applied the above formula.

4 0
2 years ago
Current Attempt in Progress The following information is available for Zoe’s Activewear Inc. for three recent fiscal years. 2022
IRINA_888 [86]

Answer:

<u>2022:</u>

TO 3.48

Days outstanding: 105

Gross Profit rate: 20.33%

<u>2021:</u>

TO 3.83

Days Outstanding 95

Gross profit rate: 25.33%

Explanation:

2022

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Sales for 2022:           $  1,948,000

Average Inventory:  (553,000 +586,000)/2 =560,500

\frac{1948000}{560500} = $Inventory Turnover

<u>Inventory TO 3.475468332</u>

\frac{365}{Inventory TO} = $Days on Inventory

\frac{365}{3.47546833184657} = $Days on Inventory

<u>Days on Inventory 105</u>

<u>Gross Profit Rates:</u>

\frac{Gross \: Profit}{sales} \times100

(1,948,000 - 1552,000)/1,948,000 x 100 = 20.33%

2021:

Sales 1725000

Average Inventory (332,000 + 568,000)/2 = 450,000

\frac{1725000}{450000} = $Inventory Turnover

<u>Inventory TO 3.833333333</u>

\frac{365}{3.83333333333333} = $Days on Inventory

Days on Inventory 95

<u>Gross Profit Rates:</u>

\frac{Gross \: Profit}{sales}\times 100

(1,725,000 - 1,288,000)/1,725,000 =<u> 25.33%</u>

5 0
2 years ago
Pacifica Industrial Products Corporation makes two products, Product H and Product L. Product H is expected to sell 40,000 units
Lisa [10]

Answer:

Product L= $34

Product H= $34

Explanation:

Giving the following information:

Product H is expected to sell 40,000 units next year and Product L is expected to sell 8,000 units.

A unit of either product requires 0.4 direct labor-hours.

Estimated overhead= $1,632,000. R

First, we need to calculate the estimated overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,632,000/(48,000*0.4)

Estimated manufacturing overhead rate= $85 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product L= 85*0.4= $34

Product H= 85*0.4= $34

3 0
1 year ago
Assume that a company makes only three products: Product A, Product B, and Product C. Currently, the company uses a conventional
VikaD [51]

Answer:

Company A

Using the activity-based costing approach, the percent of the company’s total Material Handling activity cost that would be allocated to Product B is:

 

d. 33%

Explanation:

a) Data and Calculations:

                                               Product A   Product B    Product C   Total Use

Number of units produced   1,000 units  7,000 units 2,000 units   10,000

Direct labor hours per unit        2 hours        2 hours       2 hours            6

Number of setups                  30 setups    50 setups   20 setups        100

Number of material moves  600 moves 400 moves  200 moves    1,200

Number of products                1 product     1 product     1 product           3

Product B usage of Material Handling Activity Cost:

Allocation Basis = Number of material moves

Product B material moves = 400

Total material moves = 1,200

Therefore, the percentage of Product B usage of material handling activity is:

= 400/1,200 * 100

= 33%

6 0
2 years ago
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