The manager of Sunshine bakery is disappointed with the reported net income for the period. The bakery recorded a loss for the period. The manager does not understand how demand can be so high for baked goods but profits low. Suggest reasons why the bakery high demand may not lead to profit. Recommend the type of analysis that should be done to pinpoint the problem.
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The manager of Sunshine bakery is disappointed with the reported net income for the period. The bakery recorded a loss for the period. The manager does not understand how demand can be so high for baked goods but profits low. Suggest reasons why the bakery high demand may not lead to profit. Recommend the type of analysis that should be done to pinpoint the problem.
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- These are measures not found in the chart of accounts, such as customer satisfaction scores or product quality measures. A. Quality measures B. Non-financial measures C. Financial Measures D. Balanced Scorecard A manager would like to see reduction of the following operational measures, except: A. Spoilage B. Number of customer complaints C. Queue time D. Manufacturing EfficiencyClassify each of the following as a problem or a symptom. If it is a symptom, give two examples of a possible underlying problem. If it is a problem, give two examples of a possible symptom that may be detected.a. declining profitsb. defective production processc. low-quality raw materialsd. shortfall in cash balancee. declining market sharef. shortage of employees in the accounts payabledepartmentg. shortage of raw material due to a drought in the Midwesth. inadequately trained workersi. decreasing customer satisfactionWhat does a consistently negative responsibility marginimply will happen to the operating income of the business ifthe center is closed? Why? Identify several other factors thatshould be considered in deciding whether or not to close thecenter.
- In forecasting the sales for the year, which is not included in making assumptions? Select the correct response: market share advertising and product promotion general economic condition availability of elerical staff for credit and collectionsIdentify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce inspection time.1. Discuss what could possibly cause the problem of high returns of goods in a business 2. How do high returns of goods affect the finance and accounts department of business? 3. What are some contributing factors for customers who experience short deliveries?
- Pakhama Enterprises wants to extent its credit terms in order to increase the sales to grow the business. A consultant has, however, warned them that this can lead to overtrading. Do some research on overtrading and prepare and e‐mail to management in whichyou explain what overtrading is as well as what the dangers of overtrading are. Remember to reference your answer and add your reference list to the bottomof this question.gross profit margin (gross profit/sales) is an important determinant of NOPAT. identify two factors that can cause gross profit margin to decline. is a a reduction in the gross profit margin always bad news? Explain.The cost of lost future sales after a customer finds a defect in a product is which type of quality cost? a. Prevention cost b. Appraisal cost c. Internal failure cost d. External failure cost
- Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: Home Meals On House- keeping $ 918,000 $ 263,000 $ 400,000 $ 255,000 151,000 104, 000 Total Nursing Wheels Revenues Variable expenses 462,000 456,000 111,000 152,000 200,000 200,000 Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators’ salaries General administrative overhead* 70,500 44,000 114,900 183,600 413,000 8,700 20,500 40,500 52,600 122,300 40,800 8,000 38,800 80,000 167,600 21,000 15,500 35,600 51,000 123,100 Total fixed expenses Net operating income (loss) $ 43,000 $ 29,700 $ 32,400 $(19,100) *Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's…Suppose that a company called Futuristics, Inc hires you to work in Supply Cha Management. Your new manager sets up a meeting to discuss the Surfers, Inc. account. The meeting opens with the manager stating, "I just reviewed the financial report on Surfers, Inc. It really doesn't cost much to serve them, does i Which of the following would be an appropriate response to the manager's statement? Traditional accounting methods are perfect to help us make decisions about serving the Surfers, Inc. account Activity-based costing would be better to report the Surfers, Inc. results to the financial community Traditional cost accounting gives us a good measure for comparing by customer Activity-based costing could better show us how much it really costs to serve Surfers, Inc. Activity-based costing takes depreciation into account to enable us to know when to replace machineryTh e information provided by a low-quality fi nancial report will most likely :A . decrease company value.B . indicate earnings are not sustainable.C . impede the assessment of earnings quality.