what is an operating budget? a measure of how much percentage profit a company is earning on sales
Answers
An operating budget is a financial plan that outlines the expected revenues and expenses for a specific period, usually one year.
It serves as a roadmap for a company's operations, helping to allocate resources, monitor performance, and make necessary adjustments. To create an operating budget, a company will forecast its revenues based on factors such as historical data, market trends, and customer demand. Then, it will estimate its expenses, which may include cost of goods sold, salaries, rent, utilities, and marketing costs. Once the operating budget is in place, management can track actual performance against the budget and make adjustments as needed. This is crucial for maintaining a healthy cash flow and achieving financial goals. The term "percentage profit on sales" refers to the profit margin, which is calculated by dividing the net income by total sales and multiplying by 100. This measure helps companies understand how efficiently they are generating profits from their sales. An operating budget plays an essential role in ensuring that a company achieves a desired profit margin by monitoring revenues and controlling expenses.
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Related Questions
Mr. Parker sells 10 bottles of wine per week at $50 per bottle. He can sell 11 bottles per week if he lowers the price to $45 per bottle. The quantity effect of the sale of an additional bottle would be _______, whereas the price effect of the sale of an additional bottle would be ________
Answers
The quantity effect of the sale of an additional bottle would result in an increase in revenue by $45 whereas the price effect of the sale of an additional bottle would result in a decrease in revenue by $50.
What is sales revenue?
Sales revenue is the amount earned by a company by selling their manufactured goods or services
Given values:
For quantity effect (reduced price is constant and quantity changes)
Number of bottles sold at a normal price: 10
Number of bottles sold at a reduced price: 11
Price on the additional bottle (reduced price): $45
Computation of quantity effect on revenue:
\(\rm\ Quantity \rm\ effect =(\rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ reduced \rm\ price- \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price) \times \rm\ Reduced \rm\ price\\\rm\ Quantity \rm\ effect =(11- 10) \times \$45\\\rm\ Quantity \rm\ effect =\$45\)
For price effect (quantity is constant and the price is changing)
Number of bottles sold at a normal price: 10
Normal price: $50
Price on the additional bottle (reduced price): $45
Computation of price effect on revenue:
\(\rm\ Price \rm\ effect =(\rm\ Normal \rm\ price - \rm\ Reduced \rm\ price ) \times \rm\ Number \rm\ of \rm\ bottles \rm\ at \rm\ a \rm\ normal \rm\ price\\\rm\ Price \rm\ effect =\$50 -\$ 45 ) \times 10\\\rm\ Price \rm\ effect =\$50\)
Therefore, the revenue increased by $45 in the quantity effect and decreased by $50 in the price effect on the additional sale.
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which two are among the most common advertising appeals? fear sex humor
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The two most common advertising appeals among fear, sex, and humor are fear and humor. These appeals are often used to capture attention and create a memorable impression of the product or service being advertised. To use these appeals effectively:
1. Identify your target audience: Determine who your ad is trying to reach and choose the appeal that would resonate with them most effectively.
2. Develop a creative concept: Craft a unique and engaging idea that incorporates the chosen appeal and communicates the message of your brand.
3. Create a compelling message: Write a clear and persuasive copy that utilizes the appeal to convey the benefits of your product or service.
4. Design impactful visuals: Use imagery that supports the appeal and message, while also capturing attention and evoking emotion.
5. Evaluate and refine: Test the ad's effectiveness with your target audience, and make any necessary adjustments to improve its impact.
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which prepaid expense represents a cost that expires through use rather than through passage of time?
Answers
The answer is depreciation, is a prepaid expense represents a cost that expires through use rather than through passage of time.
What does depreciation mean in its simplest form?Share. Depreciation explained. The expected decline in value of a fixed asset over the course of a fiscal year is represented by depreciation. Large lump sums are spent on the acquisition of tangible assets like structures, machinery, automobiles, and so on.
What does depreciation mean in accounting?Depreciation is a non-cash business expense that is estimated over the time that a valuable asset is utilized by your company. Every business can benefit from depreciation by excluding the cost of consuming a portion of an asset's worth from taxable income.
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Jamal and keisha are considering entering into an agreement to trade tasks. how can specialization of labor benefit jamal and keisha? check all that apply. jamal can specialize in washing cars, because he has the comparative advantage. keisha can specialize in washing cars, because she has the comparative advantage. specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days. specialization allows them to collectively mow 12 more lawns and wash 27 more cars every three days. specialization allows them to earn more money.
Answers
The ways in which specialization of labor can benefit them would be: Keisha can specialize in washing cars because she has a comparative advantage.
What is Specialization of Labor?Specialization of Labor is a division of labor that involves breaking down activities into a simpler set of tasks so that each participant participates hand in hand and no individual is being overworked, and to promote efficiency.
From the given information, the correct options are:
Keisha can specialize in washing cars because she has a comparative advantage.Specialization allows them to collectively mow 3 more lawns and wash 3 more cars every three days.Specialization allows them to earn more money.Learn more about specialization here:
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Answer:
B C E
Explanation:
PLEASE HELP ME!! please, please,, please explain how you got it, thank you
Answers
Answer:
I think the second one.
1/10 cookies per pizza
There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?
a) 2, 3, 1, 4
b) 1, 2, 3, 4
c) 4, 1, 2, 3
d) 3.1, 4, 2
Answers
Explanation:
Answer is C
4123
4. assessing needs and wants
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
First, you need to make some product ingredient decisions. Which option is most appropriate for Burnin' Rock? Select an option from the choices below and click Submit. A) Use the best ingredients, as specified in the product definition. B) Use less expensive ingredients and a small amount of actual exotic peppers. C) The product will still be as advertised, but the profit margin will be much greater.D) Use the best ingredients, and also market additional products, such as salad dressing.
Answers
Burnin' Rock is best served with less expensive ingredients and a limited quantity of real exotic peppers.
What are the four stages in a product's life cycle?The introduction, growth, maturity, and decline phases are the four main phases in a model for the product sales lifecycle. Sales as a function of how long the product has been on the market.
Which stage of the product life cycle sees the most severe competition and the most demand for inexpensive, high-quality products?As the mature stage begins, sales are still rising, but they are doing so far more slowly. Sales and profitability will start to decline quickly as this stage comes to a conclusion. Because so many brands are entering the market, this stage is marked by intense competition.
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When dealing with credit cards, it is important to know your card’s _______________.
Answers
it is important to know your credit card pin
Conduct research and case
analysis, and respond to the following questions:
1. Define Operations Management & differentiates between operations and
manufacturing: explain by reflecting on Amazon or FedEx
2. Describe the elements involved in planning and designing an operations system in
FedEx/or Amazon
3. Define the Supply chain management and the activities it involves by reflecting on
FedEx & Amazon
4. Explain how FedEx & Amazon are utilizing technology to foster effectiveness and
growth:
5. Explain by explaining their usage of Computer-assisted manufacturing (CAM) to dictate the nature of their
transformation process
Answers
1. Operations management refers to the activities and processes involved in managing the production and delivery of goods and services.
2. Planning and designing an operations system in FedEx or Amazon involves several elements.
3. Supply chain management involves the coordination and management of all activities required to deliver a product or service to customers.
4. FedEx and Amazon utilize technology to foster effectiveness and growth. They leverage advanced software systems for order management, inventory tracking, and delivery optimization.
5. FedEx and Amazon use Computer-assisted manufacturing (CAM) to dictate the nature of their transformation process. CAM involves using computers and software to control and automate manufacturing processes.
1. It includes planning, organizing, and controlling resources to achieve efficient and effective operations. Operations management is broader than manufacturing as it also encompasses service-oriented businesses like Amazon and FedEx.
2. These include determining the objectives and goals of the system, identifying the necessary resources, designing the processes and workflows, establishing performance metrics, and implementing quality control measures.
3. In the case of FedEx and Amazon, it includes activities such as procurement, transportation, inventory management, and distribution. These companies aim to optimize the flow of materials, information, and finances across their supply chains to enhance customer satisfaction and reduce costs.
4.They also utilize data analytics to gain insights into customer behavior and preferences. Additionally, both companies employ automation technologies like robotics and artificial intelligence to improve operational efficiency and speed.
5.These companies utilize CAM to streamline their production processes, improve product quality, and reduce production time and costs. By integrating CAM into their operations, FedEx and Amazon can achieve higher productivity and meet customer demands more efficiently.
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which training method is conducive for a small brokerage office
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The on-the-job training method is conducive for a small brokerage office.
The on-the-job training method is the most suitable for a small brokerage office due to its practical nature and cost-effectiveness. In this approach, employees learn by performing actual tasks and responsibilities within the office environment. This hands-on experience allows them to acquire the necessary skills and knowledge specific to their roles.
As a small brokerage office typically has a close-knit team and a focused scope of operations, on-the-job training can be tailored to address the specific needs and challenges of the business. Additionally, this method promotes a collaborative learning environment where experienced colleagues can directly mentor and guide new hires, fostering a sense of camaraderie and teamwork within the office.
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10th standard Sura guide for Tamil
Answers
Answer:
I WANT TO HELP YOU...
BUT I DID NOT NO
SORRY......
Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:______________
A. the same kinds of creative management talent and innovative thinking capabilities as crafting strategy.
B. a financially driven process aimed at squeezing the most profit out of conducting daily operations.
C. the efforts of a company's whole management team, not just a few senior managers
D. a high caliber CEO that possesses the business vision, industry and competitive analysis skills, and entrepreneurial creativity needed to navigate the competitive landscape.
E. less managerial expertise and effort to perform well, at least in comparison with crafting a winning strategy.
Answers
Answer: C. . the efforts of a company's whole management team, not just a few senior managers
Explanation:
Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.
How could you use critical theory to understand the proposed policy requiring that children not receive lunch when their unpaid balance reaches the price equivalent of 20 meals
Answers
By making an argument and claiming that schools should be concerned with providing all encompassing support to kids, I could employ critical theory towards this subject.
Critical theory: what is it?A critical theory is any approach to social psychology that highlights the culture and society in order to reveal, query, and critique social hierarchies. It argues, with support from sociology and literature, that social problems are more frequently brought on by cultural societal norms and processes than by particular individuals.
What are the guiding principles of the critical theory?According to Horkheimer, a critical theory must simultaneously meet the three criteria of being explanatory, practical, and evaluative in order to be deemed sufficient. The four primary critical theories are Mimetic idea, Pragmatic theory, Expression theory, and lastly Objective theory.
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list the required skills for operation of business
Answers
Answer:
Team building and team management. Achieving a business goal often begins with the ability to select and manage an efficient team. Effective Communication.Negotiation SkillsLeadership. Business Management SkillsxXxAnimexXx
Have a great day!
Answer:
capital infrastructure labour and idea and social interaction
The review of the nigerian economy
Answers
Please help me with this guysssssss
1. The nominal interest rate is8% and the inflation rate is 6%, what is the real rate of interest?
2. If the real rate of interest is 2%, and the expected rate of inflation is 3% then the nominal rate of interest is:
Answers
Answer:
hmmmmm let me think first sorry for not helping but have a great day sir
The cost of a commodity such as shrimp would be expected to decrease because of __________.
Answers
The cost of a commodity such as shrimp would be expected to decrease because of changes in supply and demand.
When there is an increase in supply or a decrease in demand, the equilibrium price of the commodity tends to decrease. There are a few factors that can contribute to this.
First, if there is an increase in shrimp production, either due to favorable weather conditions or improved farming techniques, the supply of shrimp would increase. This increase in supply would cause the price of shrimp to decrease.
Second, if there is a decrease in demand for shrimp, such as a shift in consumer preferences towards other seafood or dietary changes, the demand for shrimp would decrease.
This decrease in demand would also cause the price of shrimp to decrease.
Lastly, external factors such as changes in trade policies, currency exchange rates, or government subsidies can also impact the cost of shrimp. For example, if the government implements subsidies to promote shrimp production or reduces trade barriers, the cost of shrimp could decrease.
In summary, the cost of a commodity like shrimp would be expected to decrease due to an increase in supply, a decrease in demand, or external factors such as trade policies or government subsidies.
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what is professional education
Answers
Answer:
Definition. Professional education includes any programs that improve the knowledge, skills, attitudes, or behaviors of health care providers on the importance of breast- feeding, the physiology and management of lactation, or counseling related to breastfeeding.
if sheridan uses the high-low method to project costs for the next quarter what total cost equation will the company use?
Answers
If Sheridan uses the high-low method to project costs for the next quarter, the total cost equation that the company will use is: Total Cost = Fixed Cost + (Variable Cost per Unit x Number of Units)
The high-low method is a cost estimation technique that uses the highest and lowest data points to determine the fixed and variable cost components. The fixed cost is the amount that remains constant regardless of the level of activity, while the variable cost is the amount that changes with the level of activity.
By identifying the highest and lowest activity levels and their corresponding costs, Sheridan can calculate the variable cost per unit. Then, using the fixed cost component that remains constant, Sheridan can create a total cost equation that can be used to estimate costs for the next quarter.
Overall, the high-low method is a simple and effective cost estimation technique that can help companies like Sheridan to plan and budget for their future operations.
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what are research methods used to generate new ideas? (select all that apply
Answers
Focus groups, trend hunting, and depth interviews are some of the Research methods that are used to come up with new ideas.
Research techniques are the methodologies, cycles, or strategies used in the assortment of information or proof for examination to reveal new data or make a superior comprehension of a subject. There are many different kinds of research methods that use a variety of tools to gather data.
A center gather is an examination technique that carries a little gathering to respond to inquiries in a directed setting. The study of fashion and consumption trends and predictions is referred to as "coolhunting" or "trend hunting."
A method of qualitative research known as "in-depth interviewing" entails in-depth one-on-one conversations with a select group of respondents to learn more about their perspectives on a particular concept, program, or circumstance.
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How many hours can you work part-time and still collect unemployment?.
Answers
Answer: To be eligible for partial benefits, you must work at least 80% of the hours required for the employment. If you worked a 40-hour week, for example, you won't be eligible for benefits if you work more than 32 hours.
Explanation: See above.
Have a good day.
when 16-year-old vu agreed with his parents that his career would be to continue the family business, he was exhibiting:quizlet
Answers
The correct option is B. Foreclosure When 16-year-old Vu agreed with his parents that his career would be to continue the family business, without exploring any other options, Marcia would say he was exhibiting.
How does identity foreclosure differ from identity moratorium?When Conversely, identity foreclosure is a position of identity marked by commitment without consideration of alternatives, as opposed to the moratorium, which involves consideration without commitment.
When someone commits to an identity without first considering their options, they are said to be in foreclosure status. The person has created an identity based on the decisions or values of others without ever experimenting with their own identity.
Thus, B is the right answer.
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Your question is incomplete most probably your complete question was:
When 16-year-old Vu agreed with his parents that his career would be to continue the family business, without exploring any other options, Marcia would say he was exhibiting:
a. moratorium.
b. foreclosure.
c. identity achievement.
d. identity diffusion.
PLEASE HELP ASAP!! FOR CAREER!!
Some careers are more popular than others. Which of the career clusters do you think deserves more attention from the general public? Name the cluster and explain what qualities or benefits make it noteworthy.
Answers
The medical cluster of the career clusters deserves more attention from the general public.
What is a career cluster?Career clusters are gatherings of related kinds of work. They give you a simple method for investigating various types of occupations inside one general classification.
Begin with one of the bunches — like medical services or development — to realize what it includes, the latest things, and the various professions it offers.
The medical services bunch gives open positions that are both fulfilling and significant as it includes really focusing on individuals' well-being and prosperity. The interest in medical services experts is likewise continually becoming because of a maturing populace and an expansion in persistent ailments.
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a project requires an investment of $1,400 and has a net present value of $400. if the internal rate of return is 12%, what is the profitability index for the project?
Answers
The profitability index for the project which requires an investment of $1,400 and has a net present value of $400 with internal rate of return 12% is 1.286 (rounded).
What is net present value?It is a method to calculate the current value of a future stream of payments from a company, project, or investment. To calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.
How to calculate the profitability index for the project?
First, we will use the net present value formula
NPV = Present value of inflows - present value of outflows
400 = present value of inflows - 1400
present value of inflows = 1400 + 400 = 1800
Next, we want to calculate the profitability index to answer the question
Profitability index = present value of inflows / present value of outflows
= (1800 / 1400)
= 1.286 (rounded)
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What type of accounting is more rules-based?
Answers
GAAP
Explanation:
That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.
Alternatively:
The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.
Question 10 of 10
What is one of the main benefits of using slide transitions?
Answers
Answer:
they have a timer function that can help your presentation stay on pace.
if the government determines whether you get an apartment, you are most likely living in a [1] economy. In a [2] society, the government controls the resources. In a [3] society, the community in theory is supposed to control the resources, but in reality, the [4] does.
[1]- a. command
b. market
c. traditional
[2]- a. capitalist
b. communist
c. socialist
[3]- a. capitalist
b. communist
c. socialist
[4]- a. government
b. individual
c. market
Answers
Answer:
1. a. Command
2. c. Socialist
3. b. Communist
4. a. Government
Explanation:
"If the government determines whether you get an apartment, you are most likely living in a Command economy. In a Socialist economy, the government controls the resources. In a Communist society, the community, in theory, is supposed to control the resources, but in reality, the Government does."
1. A command economy is a type of economy where the government determines what is produced when it is produced, the quantity, as well as the price at which commodities are produced. The government also determines other activities in the economy such as the assignment of living spaces as well as the investments in the economy.
2. A socialist economy is an economy where goods are produced for consumption and are distributed to ensure equity by a centrally placed authority, which is the government.
3. A communist society according to Karl Marx is a classless society where all the resources belong to the entire community and properties are not owned by private individuals. In reality, though, the government actually controls the resources in this type of society. China is a country that practices communism.
What is the meaning of cash in the balance sheet?
Answers
Answer:
The cash balance reported on a balance sheet is the cash in your bank adjusted for payments and receipts that have not yet cleared. For example, writen but not cashed cheques, or recieved but not yet deposited cheques.
Explanation:
Describe at least two factors you could consider to help decide how much inventory to keep in stock of a particular item at the store. (1-4 sentences. 1.0 points)
Answers
Answer:
Determine how much demand there is for the product. Determine the cost of purchasing the product and how much is affordable. Figure out how much profit can be made off of each item and each order.
At what age can you start working?
Answers
Answer:
Explanation:
depends on where you live
Explanation:
It really depends on the jobs and requirements but you can USUALLY do small work like walking a dog or babysitting at 13-14