The goal of operations management is to better efficiently manage the production and delivery of an organization's goods or services.
(OM): What Is It?
The management of business procedures to achieve the best level of productivity within an organization is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labor and materials into products and services as effectively as feasible. Teams in charge of operations management strive to produce the maximum net operational profit by balancing costs and revenues.
KEY LESSONS
The management of business procedures to achieve the best level of productivity within an organization is known as operations management.
The most effective conversion of resources like labor and materials into products and services is the focus of operations management.
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on september 30, world co. borrowed $1,000,000 on a 9% note payable. world paid the first of four quarterly payments of $264,200 when due on december 30. in its income statement for the year, what amount should world report as interest expense? a. $0 b. $14,200 c. $22,500 d. $30,000
$22,500 should world reported as interest expense. Thus, option C is correct.
What is interest?Interest can be defined as the amount that is being paid on the loan or the sum that is being borrowed. It can be in a fixed amount or in a recurring rate.
The requirement is to determine the amount of interest expense that should be accrued.
borrowed = $1,000,000
note payable = 9%
Time period = four quarterly
Interest expense is calculated as
= $1,000,000 x 9% x 3/12 months
= $22,500.
The world should declare $22,500 as interest expense. Therefore, option C is the correct option.
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If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?.
If consumers view cappuccinos and lattés as substitutes, Both the equilibrium price and quantity would decrease.
The demand for cappuccinos will decrease and the equilibrium price of cappuccinos as well as the equilibrium quantity will decrease and people will drink less cappuccinos. From the demand and supply of the lattés market, we see that the new equilibrium price of the coffee decrease due to an increase in the supply of lattés . Since lattés and cappuccinos are substitute goods, the decrease in the price of lattés will make it more lucrative for the consumers to buy lattés such that the consumers will substitute cappuccinos for buying more units of lattés. This will reduce the demand for cappuccinos , causing the demand curve of tea will shift to the left. The supply of cappuccinos remaining the same, a decrease in demand for cappuccinos will lead to a decrease in equilibrium quantity and price of cappuccinos.
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the robinson corporation has $38 million of bonds outstanding that were issued at a coupon rate of 12.050 percent seven years ago. interest rates have fallen to 11.050 percent. mr. brooks, the vice-president of finance, does not expect rates to fall any further. the bonds have 17 years left to maturity, and mr. brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. the robinson corporation has a tax rate of 30 percent. the underwriting cost on the old issue was 3.80 percent of the total bond value. the underwriting cost on the new issue will be 2.40 percent of the total bond value. the original bond indenture contained a five-year protection against a call, with a 8 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (consider the bond to be seven years old for purposes of computing the premium.) use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e.g. 4.06 percent should be rounded up to 5 percent).
the Robinson corporation has $38 million of bonds outstanding that were issued at a coupon rate of 12.050 percent seven years ago. interest rates have fallen to 11.050 percent. mr. brooks, the vice-president of finance, does not expect rates to fall any further. the bonds have 17 years left to maturity, and mr. brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. the Robinson corporation has a tax rate of 30 percent. the underwriting cost on the old issue was 3.80 percent of the total bond value. the underwriting cost on the new issue will be 2.40 percent of the total bond value. the original bond indenture contained a five-year protection against a call, with a 8 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (consider the bond to be seven years old for purposes of computing the premium.) use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e.g. 4.06 percent should be rounded up to 5 percent).
Discount Rate = [Interest Rate × (1 – Tax Rate)]
Discount Rate = [11.750% × (1 – 30%)]
Discount Rate = 0.08225 OR 8.23%
Hence, the discount rate is 8.23%.
A transaction or financial instrument's life expires on the day of maturity, at which point it must be renewed or it will no longer be valid. This phrase is frequently used to refer to deposits, spot foreign exchange trades, forward transactions, interest rate and commodity swaps, options, loans, and fixed income securities like bonds. Sometimes as part of a campaign to draw in new investors, financial institutions would temporarily change maturity dates. A bank could provide a greater rate of return for a short-term CD when it comes to promotional certificates of deposits (CDs). The promotional CD usually renews at the same rate and duration as a regular CD when it reaches maturity.
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spiceland , d., thomas, w., and hermann, d. (2021). financial accounting, 5th ed. mcgraw-hill education used
Spiceland , d., Thomas, w., and Herrmann, d. (2021). financial accounting, 5th ed. MCgraw-hill education used
The process of recording, compiling, and reporting a company's financial transactions is known as financial accounting. These four statements are the cash flow statement, the statement of retained earnings, the balance sheet, and the income statement.
What role does financial accounting play in general?
The fundamental duties of financial accounting include keeping track of and summarizing a business's financial activity and transactions. Creating formal financial reports each quarter's end. informing pertinent stakeholders of the company's financial situation.
Thomas, W., Spiceland, D., and Hermann, D. (2021). Fifth edition books on financial accounting are available from McGraw-Hill.
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On december 1, 2022, escobar consulting, which uses a calendar year as its fiscal year, signs a $4,000, 12%, four-month note payable. Journalize the entry to record the payment of the note and entire interest on april 1, 2023.
$4000 in Payable Debit Notes Debt Interest Charge: 120 Credit Cash $4,160 Debit Interest Due 40
(4,000 x 12%) x 4/12 = $160 is the total amount of interest costs.
The monthly interest expense is therefore (160/4) = $40.
In light of this, the interest expenditure for December 2016 should be reported as $40 in interest payable (current liability), which would be paid today.
Thus, the journal entry is:
Notes due on account.
Dr$4000
Interest due is Dr. $40 in Interest expense is Dr. 120
$4160 to be cashed.
The ability to withdraw money from a current bank account without having a credit balance is known as cash credit, but it is only available up to the borrowing limit, which is set by the commercial bank. With this facility, interest is calculated daily closing balance rather than the bank-provided borrowing limit.
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karolyn purchased a movie-theatre style popcorn maker from party supply company. the glass overheated and shattered, injuring karolyn. she wants restitution but does not want to sue the company. she feels that the best way to handle this would be to present outlines of evidence to a judge and panel members who will issue an advisory verdict to start the settlement process. what type of dispute resolution would be best for karolyn? a. arbitration b. mediation c. minitrial d. summary jury trial
Summary Jury Trial would be the best dispute for karolyn
What is summary jury trial?A summary of a civil case is typically presented to an advisory jury during a summary jury trial in order to illustrate the parties how a jury would respond to the evidence. The process has no legal effect. However, brief jury trials typically promote conflict resolution.
Summary jury trials are typically utilized in matters that are too complex for a drawn-out full trial and reject conventional pretrial settlement techniques. More than actual legal issues, the dynamics of the dispute decide whether or not cases are appropriate for summary jury trials.
At the final pretrial session, when preparations for the summary trial process are made, it is customary to decide whether to submit a matter to a summary jury trial.
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in addition to rights, consumers also have blank, such as, reporting the problem immediately and including important details and copies of receipts.
Responsibility as a consumer such as, reporting the problem immediately and including important details and copies of receipts.
The process of defending the general public against unethical business activities is known as consumer protection. Legal provisions for consumer protection are frequently made.
This means the consumer has a legal right to information about the items' quality, quantity, potency, purity, standard, and price in order to avoid unfair business practices. Before choosing or making a decision, the consumer should insist on acquiring all the facts about the good or service.
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the level of total investment by firms in new machinery and equipment helps to determine how rapidly the economy grows. this is a ▼ issue. however, to understand how much new machinery and equipment firms decide to purchase, one must analyze the incentives individual firms face, which is a ▼ macroeconomic microeconomic issue.
The level of total investment by firms in new machinery and equipment helps to determine how rapidly the economy grows. this is a macroeconomic microeconomic issue.
Investing generally means investing money in some project or business over a period of time to generate a positive return (that is, a gain in excess of the original investment). It is the act of allocating resources, usually the capital, in the hope of generating income, profit, or profit.
You can invest (directly or indirectly) in many types of ventures, including B. Investing in assets such as using the money to start a business, buying a property with the hope of earning rental income, and later reselling it at a higher price.
Investing differs from saving in that money is put to work. There is an implicit risk that the project involved will fail and you will lose money. Investing also differs from speculation in that money itself is not used in speculation but is based on short-term price fluctuations.
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a business person from the united states was introduced to the president of a company in another country
A businessperson from the United States was introduced to the president of a company in another country, and the businessperson immediately began treating the president as his equal. The president might be particularly offended if he is from Japan.
What is a U.S. Embassy?The base of operations for American diplomats stationed abroad is an embassy. It is often led by an ambassador, who serves as the president of the United States representative to the host nation. The capital city is often where an embassy is located. It might have consulate branches in other cities. Both foreign embassies and consulates in the United States as well as American embassies and consulates overseas have a special status. The security of American diplomats and the vicinity of an embassy is the responsibility of the host government, but the embassy itself belongs to the nation it represents. No one from the host nation may visit an embassy without authorization.
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You buy a $100 ticket to a theme park and once inside you can ride on as many rides as you want at no extra cost. In this case, the opportunity cost of going on each ride will be zero. True or false?.
You buy a $one hundred price ticket to a theme park and once inside you may experience as many rides as you need at no extra cost. In this case, the possible value of happening every experience could be zero. False
The cost denotes the amount of money that an employer spends on the creation or manufacturing of goods or offerings. It does now not encompass the markup for income. From a vendor's point of view, a fee is the quantity of money that is spent to provide an excellent product.
Charges are the economic fee of expenses for substances, services, hard work, products, gadgets,s and other objects purchased to be used through a commercial enterprise or other accounting entity. it is the amount denoted on invoices because the rate recorded in the e-book preserves data as a price or asset cost basis.
Cost, in commonplace utilization, is the monetary price of goods and offerings that manufacturers and customers buy. In a primary monetary experience, the cost is the degree of the opportunity possibilities foregone inside the preference of 1 accurate or hobby over others. This essential price is usually referred to as possible value.
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what is the best definition of the capability of a process? select one: a. how well the input of a process satisfies the customer of the process. b. how fast is the throughput of a process c. the standard deviation of the process d. how many defects we make.
Correct option is A. The best definition of the capability of a process is how well the input of a process satisfies the customer of the process.
What is the purpose of process capability analysis?
To determine how well a certain process complies with a set of specification restrictions, a set of techniques called process capability analysis is utilized. In other words, it assesses the effectiveness of a procedure.
In actuality, it compares the distribution of sample values—representing the output of the process—against the specification limits, or the upper and lower bounds of what we aim to achieve. It may also be compared to a specification target.
Process capacity indices are frequently used to describe a process's capabilities. Depending on your analytical needs, you could calculate one or more of the several process capability indices. However, in order to compute any process capacity indices, you must first presume that your process is stable.
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the way in which a country's resources are utilized to produce goods and services and the way those goods and services are distributed among those who desire to have them depends upon the multiple choice stage of development of those resources. economic system under which the country operates. number of documented economically disadvantaged persons in the nation. availability of tangible versus intangible resources.
The way in which a country's resources are utilized to produce goods and services and the way they are distributed among those who desire to have them depends upon economic system under which the country operates.
In an economic system, production and consumption of activities determines how resources should allocated among all of its consumers. If only we had more resources we could produce more goods and services and satisfy more of our wants.
So in a country, the resources must be utilized properly in order to produce goods and services and fulfill the wants. As, if the recourses are not utilized properly, this will thus lead to scarcity.
Thus, the utilization and distribution depends upon economic system under which the country operates.
Hence, option B is correct.
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if retained earnings beginning is 100000 and dividends are 20000 and retained earnings ending is 10000 what is net income
The net income from the following data will be considered a loss of 70000.
What are retained earnings?Retained earnings can be defined as the part amount which is available for the business that they could reinvest again in the form of purchasing assets or adding a new product line. The retained earnings are also not distributed among the shareholders.
According to the question:
retained earnings beginning is, 100000
dividends are 20000
retained earnings ending is, 10000
Net income = retained earnings + dividend - beginning retained earning
=100000 + 20000 - 100000
= - 70000
Therefore, one can say that the company has incurred a loss of 70000.
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Consider a person who’s drowning in debt with credit cards, car payments, and student loans. What advice would you have for them? what can you do now to make sure you don’t end up in this situation later in life?.
One of the most crucial actions you can take when you're buried in debt is to create a budget. It will reveal where your money is going and the source of your sense of impending doom.
Define debts.When one party borrows anything from another, usually money, it is said to be in debt. Many companies and individuals use debt to cover big expenses that they otherwise couldn't afford. A debt arrangement is a contract to borrow money with the requirement that it be paid back later, frequently with interest.
The most common type of debt is a loan, such as a mortgage, car loan, personal loan, or credit card debt. The terms of a loan require the borrower to repay the loan's outstanding balance by a specific date, which is typically several years in the future.
The loan terms also include the amount of interest that the borrower must pay annually, expressed as a percentage of the loan amount.
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a t-bill with face value $10,000 and 81 days to maturity is selling at a bank discount ask yield of 2.8%. required: a. what is the price of the bill? (use 360 days a year. do not round intermediate calculations. round your answer to 2 decimal places.)
According to the given data with the face value of $10,000 and 81 days to maturity, the price of the t bill is 9917.83.
What is t bill with face value?T-bills, also known as Treasury Bills, are offered for maturities that range from a few days to 52 weeks. Rarely have bills sold for the same price as the par amount (also known as face value), which is the standard price at which they are traded. You receive payment of the bill's par amount when it matures. US Treasury bills are often auctioned off. T-bills are available for purchase from the government through the TreasuryDirect website. It will operate like a brokerage account that holds your bonds, and registration is free. You have the option to arrange reinvestments into securities of the same type and term in addition to placing bids on new issues.
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the ability to see a market need and to organize inputs to meet that need is what type of market resource?
The ability to see a market need and to organize inputs to meet that need is what type of market resource: entrepreneurial ability
The type of market resource that is considered a very important ability is the entrepreneurial ability, because this is necessary to understand what are the needs of the market so that they can be satisfied in the best possible way through the offering of the right products and services, this type of ability is common of an entrepreneur.
What is an entrepreneur?An entrepreneur is a person who has the ability to start his or her own business which offers products or services solutions to market needs.
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companies today are finding that to survive, they must compete in international markets and fend off foreign competitors' attempts to gain ground in the united states. what would help businesses in the united states meet these challenges?
The factor that would help the businesses in the united states meet these challenges is They must prepare employees for global assignments.
What is Global assignments?Global assignments is known to be a term that is often used if an employers is said to be assigning their employees to do or carry out any given projects that can be globally implemented.
Note that a Global assignments are known to be task that often take place a lot in multinational firms and may involve a said employees do trying to relocate from their current state or country to a place that is different such as a different country where the assignment is known to be assigned.
Hence, The factor that would help the businesses in the united states meet these challenges is They must prepare employees for global assignments.
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See question below
Companies are finding that to survive they must contend in international markets as well as fend off foreign competitors' attempts to gain ground in the United States. What would help businesses in the United States meet these challenges? O They must eliminate reshoring-reestablishing operations in North America. O They must reduce the workforce with a "grenade" approach-by eliminating an entire group of employees. O They must prepare employees for global assignments. O They must hire only from a domestic labor pool. O They must focus on developing domestic markets rather than on developing global markets.
if the united states exports more goods/services than it imports, then the united states would have a(n)
If the United States exports more goods/services than it imports, then the U.S. would have a(n) increased global impact.
What is increased global impact?Each region of the world is impacted by climate change in a unique way. Each region of the world will have to deal with a unique mix of effects brought on by climate change because of the Earth's biodiversity, shifting weather patterns, and geographic diversity. This could indicate a rise in the ferocity and frequency of severe weather phenomena like hurricanes and tornadoes, as well as protracted droughts and flooding. Unfortunately, food insecurity and a lack of clean water will continue to be challenges in those places.
Environmental refugees will become a brand-new issue as a result of climate change. With almost 24 million people already relocated, experts believe that there could soon be 50 million environmental refugees. Flooding, hurricanes, droughts, food scarcity, and social unrest have forced many migrants from their homes.
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a manager's reluctance to delegate, as seen in the video, relates to which of the four management functions?
Influencing is one of the management functions by which a manager's reluctance to delegate.
Why is delegation important?
Delegation is important because as a manager you can't and shouldn't do everything yourself. Delegation empowers teams, builds trust, and aids in professional development. And for leaders, it helps identify the best people to tackle a task or project.
How do you delegate your employees?
Delegating tasks to others should have clear direction and context. Let employees know why a task is assigned to them and how it benefits the overall project or organization. Please take the time to answer questions and provide feedback where appropriate.
How do officers delegate?
The delegating leadership style is a low-task, low-relationship leadership approach in which leaders empower individuals to exercise autonomy. Applying this approach means showing individuals the big picture and trusting them to deliver agreed-upon outcomes.
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the manager is responsible for keeping up to date on all regulations and food safety practices as well as and monitoring their entire staff.
The manager is responsible for keeping up to date on all regulations and food safety practices as well as turnover and monitoring their entire staff.
What is turnover?How quickly a business conducts its operations is determined by the accounting notion of turnover. Turnover is typically used to determine how rapidly an organization sells its inventory or how quickly it collects money from accounts receivable.
Accounts receivable, inventory, portfolio, and working capital turnover are examples of common forms of turnover. A variety of these ratios can help businesses, frequently with the aim of maximizing turnover, better gauge the effectiveness of their operations.
The percentage of a portfolio sold in a given month or year is known as turnover in the financial sector. More commissions are earned for trades executed by a broker when the turnover rate is high.
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Backed by the u. S. Government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Treasury Bills (T-Bills) are US Treasury bills backed by the Treasury and have a maturity of one year or less. US Treasury bills are generally sold in denominations of $1,000 and are backed by u. S. Government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Short Treasury Bond Funds are investment funds that, by their risk-free investment objectives and the Fund's Articles of Incorporation, are restricted primarily to investments in short-term federal or agency bonds. The short term is up to 5 years, depending on the definition of the fund.
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jenna wants to save a $10,000 trust fund she received when she turned 21, and add $50 per month as emergency funds. she has narrowed her search for a savings account to 2 banks, bank a and bank b. bank a pays a fixed rate of interest, and bank b pays a variable rate, but both rates are currently the same. jenna’s trusted friend advises her to make the selection based upon her banking needs in consideration of the other services and fees of the banks, because the interest rates are the same.
Jenna’s trusted friend advises her to make the selection based upon her banking needs in consideration of the other services and fees of the banks because the interest rates are the same. Choose the variable rate because if it goes up, you will make a lot of money that will pay for the fees.
A financial institution is a monetary organization that accepts deposits from the general public and creates a call for deposit at the same time as simultaneously making loans. Lending activities can be at once performed by using the bank or not directly through capital markets.
A bank is a monetary institution licensed to receive deposits and make loans. There are numerous forms of banks together with retail, commercial, and funding banks. In maximum nations, banks are regulated through the countrywide government or significant bank.
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Answer - Letter C: Choose the variable rate because if it goes up, you will make a lot of money that will pay for the fees.
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Which forms of investment generally pay a higher rate of return than traditional banks? A. Mutual funds, savings accounts, and money market accounts B. High-yield bonds, certificates of deposit, and money market accounts C. Bonds, stocks, and certificates of deposit D. Stocks, bonds, and mutual funds
B. High-yield bonds, certificates of deposit, and money market accounts,
These forms of investment generally pay a higher rate of return than traditional banks
Funding is the determination of an asset to acquire an boom in fee over a time period. Investment calls for a sacrifice of some present asset, which include time, cash, or effort. In finance, the reason of investing is to generate a go back from the invested asset.
An investment is an asset or item obtained with the aim of producing income or appreciation. Appreciation refers to the growth inside the cost of an asset over the years. When a character purchases an excellent as an investment, the motive isn't always to devour the coolest however as an alternative to apply it in the destiny to create wealth.
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Chapter Two Mini-Case Discussion (from textbook):
Is a Franchise Right for Me?
Based on the projected occupancy, average rate, and the fees associated with the franchise, should Tom become a franchisee, or should he
pursue other options? Explain your decision?
Tom can become a franchisee.
At 60% occupancy, his projected daily rate is 55$, resulting in a monthly income of 148500$. Deducting the royalty fee and license fee of 5% of profits and the program cost of 4% of income from the sum of 13365$, we receive 135135$. He has monthly earnings of $90135 after further lowering the licensing costs of $45000. Even if he decides to pay 10% or more in extra charges for a full-service hotel, he will still make a significant profit because the return on his investment will be high.
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Directions and Analysis
Task 1: Researching Emerging Technologies
Conduct online research and choose three emerging technologies that have the potential to
affect businesses positively.
Task 2: You have already identified three emerging technologies that have the potential to affect businesses. In this task, you will conduct research to learn about the uses and potential benefits of these technologies
Task 3: Conduct online research to learn about the lifestyle of emerging technologies. Provide a brief explanation of the generalized lifecycle of emerging technologies. Also, comment on the phase where the technology you have chosen lies.
Answer:
steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts steadfast hearts
question 4 a company wants to make more informed decisions regarding next year’s business strategy. an analyst uses data to help identify how things will likely work out in the future. this is an example of which problem type?
By using data to help identify how things will likely work out in the future is an example of this problem type: A. making predictions.
Who is a data analyst?A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.
The data analyst six (6) problem types.Generally, there are six (6) problem types that are associated with a data analyst and this include the following:
Making predictionsCategorizing thingsSpotting something unusualIdentifying themesDiscovering connectionsFinding patternsIn this context, we can reasonably infer and logically deduce that a data analyst using data to help identify how things will likely work out in the future is an example of making predictions because it entails making an informed decision about the future.
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Complete Question:
A company wants to make more informed decisions regarding next year’s business strategy. an analyst uses data to help identify how things will likely work out in the future. This is an example of which problem type?
Making predictions.
Spotting something unusual.
Identifying themes.
Discovery connections.
Answer:
How should this model be completed to represent 820 ÷ 17? Enter your answers by filling in the boxes. I'm in 5the BTW
Explanation:
your answer XB
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assume that interest rates on 20-year treasury and corporate bonds with different ratings, all of which are noncallable, are as follows
Assume that interest rates on 20-year treasury and corporate bonds with different ratings, all of which are noncallable, are as follows default risk differences.
The more credit danger related to an enterprise the better the fee of going back presented on its monetary contraptions, and that is reflected in the example given within the query. The T bond has the lowest chance of default due to the fact it's far assured by using the Treasury, so the return is the lowest.
The excellent-rated company bond has the bottom return among company bonds, and the worst-rated pays the best return bonds can be noncallable for a time period, giving a length of constant hobby payments to the customer after which, become callable after that period to allow the company to reset the interest fee at the debt specifically if the marketplace has changed. Noncallable security is a monetary safety that can't be redeemed early by the company besides from the fee of a penalty.
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you are on the emma website considering investing in a municipal bond. what does the information under cusip tell you that is most important?
You are on the EMMA website considering investing in a municipal bond. The information under CUSIP tells you that the most important is the disclosure statement associated with the bond.
The free source of data and information on almost all municipal bonds in the municipal market is the Electronic Municipal Market Access (EMMA®) website. The EMMA website is run by the Municipal Securities Rulemaking Board (MSRB) to encourage an open, equitable, and effective market. A website called Electronic Municipal Market Access (EMMA) service was developed to inform the public about municipal bonds, bond prices, and market trends. Municipal bonds or money market funds will both pay you interest if you are investing for income. Just be aware that while money market funds are likely not to lose value, bonds occasionally do. Also, keep in mind that you are actually earning more than the interest rate would suggest because municipal bonds are tax-free.
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the three main dimensions of information systems are management, organizations, and information technology.
The given statement is true in this question that is "management, organizations and information technology are three major dimensions of information systems"
Information systems support business operations. People, firms and technology are their main elements that together make an information system.
Each dimension of information systems is briefly explained below:
Management: Management dimension of information systems includes management and leadership behavior. It provides tools and techniques to managers for allocating, coordinating and monitoring work, creating new products and services, making strategic decisions, producing financial statements and forecasts, Organizations: Since information systems are used in organizations, they have culture, business procedures, functional specialties, political interest groups, and hierarchy of organizations embedded in them. Any changes in organizations’ settings ultimately require changes in the information systems. Information systems impact objectives, structure and products of an organization to a great extent. Organizations make decisions based on the information delivered by information systems. Information Technology: Information technology dimension of an information system includes hardware, software, telecommunications/networking technology and data management technology. The dimension provides the foundation on which information systems are built. Without information technology, information systems cannot be created and offer services.The complete question is given below:
"The three main dimensions of information systems are management, organizations, and information technology.
TrueFalse"
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12) use the following information to determine the margin of safety in dollars: unit sales 50,000 units dollar sales $ 500,000 fixed costs $ 204,000 variable costs $ 187,500 a) $88,500. b) $108,500. c) $173,600. d) $326,400. e) $500,000.
So the option c($173,600) is the correct answer.
[tex]\text { Contribution margin ratio }=\frac{\text { Sales }-\text { Variable costs }}{\text { Sales }} \times 100[/tex]
[tex]\text { Contribution margin ratio }=\frac{\$ 500,000-\$ 187,500}{\$ 500,000} \times 100[/tex]
[tex]\text { Contribution margin ratio }=\frac{\$ 312,500}{\$ 500,000} \times 100[/tex]
[tex]\text { Contribution margin ratio }=62.50 \%[/tex]
[tex]\text { Break }-\text { even sales }=\frac{\text { Fixed cost }}{\text { Contribution margin ratio }}[/tex]
[tex]\text { Break }-\text { even sales }=\frac{\$ 204,000}{62.50 \%}[/tex]
[tex]\text { Break }-\text { even sales }=\frac{\$ 204,000}{0.6250}[/tex]
[tex]\text { Break-even sales }=\$ 326,400[/tex]
Margin of safety in dollars = Actual sales - Break-even sales
Margin of safety in dollars = $500,000 - $326,400
Margin of safety in dollars = $173,600
Therefore the correct option is C
What is Margin of Safety?
Break-even seals are subtracted from the actual or anticipated quantity of sales to determine the margin of safety. Therefore, a company's access amount of sales above the break-even point is its margin of safety.
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