Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,937 + 3.96x
where y = total cash wash costs and x = rental returns
fixed costs = $2,937 per month
variable cost = $3.96 per car washed
Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.
Answer:
$69,840
Explanation:
Data provided;
Month Budgeted Sales
January $120,000
February $108,000
March $132,000
April $144,000
Gross profit rate is 40% of sales it means cost of goods sold is 60% of sales
Target ending inventory levels = 30% = 0.3
Therefore,
Purchases budgeted for January total
= ( $120,000 × 0.6 ) + ( $108,000 × 0.6 × 0.3 ) - $21,600
= $72,000 + $19,440 - $21,600
= $69,840
Inclusive and participatory management practices are the most effective in today's society. The indices show that companies that adopt this style of management achieve continuous improvements throughout the organizational process. Organizational culture focused on employee well-being ensures a positive culture and this influences them to do their job more effectively. It also increases security, pride in being part of that company, and values.
Answer:
He earns $296780 as a Sales Trainee and $377094 as a Sales Associate
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Explanation:
Given
Let x represents his sales as a sales trainee
Let x represents his sales as a sales associate
Total Sales: 
Total Commission: 
Required
Find x and y
Equations
--- (1)
--- (2)
Make y the subject of formula in (1)
Substitute this in (2)
Open Bracket
Collect Like Terms
Divide through by -0.03
Recall that
<em>Hence;</em>
<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>
