Homework Answers
Ans: 60% to 80%
The operating expense ratio range is most ideal between levels
of 60%–80%, where the lower it is, the better.
Operating expense is calculated by dividing a property's operating
expense (minus depreciation) by its gross operating income .
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Question 19 of the direct expenses for companies Having knowledge in the area of Operations Management...
of the direct expenses for Having knowledge in the area of Operations Management (OM) it is...
of the direct expenses for Having knowledge in the area of Operations Management (OM) it is important. Some experts in the area suggest that operations account for companies 20% to 50% Approximately 10% 80% to 95% 60% to 80% Around 50%
There are 180 primary schools in a country area having an average of 30 or more...
There are 180 primary schools in a country area having an average of 30 or more people under the age of 21 per class. A sample of 30 schools drawn using systematic sampling with an interval of k= 6. Serial number 1 2 3 4 5 6 7 8 9 10 No. of students 60 200 45 50 40 79 35 41 30 120 Serial number 11 12 13 14 15 16 17 18 19 20 No. of students 300...
Using the CNA Insurance company Knowledge Management scenario (below), carry out the following knowledge management assignment...
Using the CNA Insurance company Knowledge Management scenario (below), carry out the following knowledge management assignment Questions after reading the scenario/essay: =============================================================================================================== For Gordon Larson, telling stories is all in a day's work at his job as chief knowledge officer at CNA, and that's just fine with executives at the Chicago-based insurance giant. Larson owes his job to a shift in corporate direction. Three years ago, under the direction of a new chairman, CNA set off on a new mission....
The companies are in the same line of business and are direct competitors in a large...
The companies are in the same
line of business and are direct competitors in a large metropolitan
area. Both have been in business approximately 10 years and each
has had steady growth. Despite these similarities, the management
of each has a different viewpoint in many respects. Blair is more
conservative, and as its president said, “We avoid what we consider
to be undue risk.” Both companies use straight-line depreciation,
but Blair estimates slightly shorter useful lives than Armstrong.
No shares...
Need some help with this operations management question. It'd also be nice if you could explain...
Need some help with this operations management question. It'd
also be nice if you could explain how you got your answer. Thanks.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Feb Mar Sales (000)Units 16 15 12 May Jun Jul Aug 19 23 25 b. Forecast September sales volume using each of the following (1) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials and indirect materials that are used in any given production process. (5 points) Solution The main difference is measurability. For most products, measuring materials used is important because it can be translated into a per unit measurement. This assists management in keeping track of the main amount of materials that are used in manufacturing the products themselves. Should any discrepancies occur in these measurements,...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials and indirect materials that are used in any given production process. (5 points) Solution The main difference is measurability. For most products, measuring materials used is important because it can be translated into a per unit measurement. This assists management in keeping track of the main amount of materials that are used in manufacturing the products themselves. Should any discrepancies occur in these measurements,...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. The average time to remove the flooring from 2 rooms is 2.25 hours per room. Determine the learning curve percentage experienced by Tom and Mike. Below are values that may be useful in answering this question. (95%) / In(2)--0074 In(90%),...
Page 1 Discussion Question _ Budgets The management accountant at Brookes Merchandising & More, Gary Jeffers,...
Page 1 Discussion Question _ Budgets The management accountant at Brookes Merchandising & More, Gary Jeffers, is in the process of preparing the cash budget for the business for the quarter ending December 31, 2018. Extracts from the sales and purchases budgets are as follows: Cash Sales Sales on Account Purchases on account August $121,000 $480,000 $390,000 September $95,500 $600,000 $360,000 October $111,205 $720,000 $480,000 November $125,900 $ 650,000 $400,000 December $156,000 $ 800,000 $500,000 (i) An analysis of...
Williams Company began operations in January 2019 with two operating (selling) departments and one service office)...
Williams Company began operations in January 2019 with two operating (selling) departments and one service office) department. Its departmental income statements follow. WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined Sales $ 170,000 $105,000 $275,000 Cost of goods sold 83,300 65,100 148,400 Gross profit 86,700 39,900 126,600 Direct expenses Sales salaries 21,000 7,900 28,900 Advertising 1,200 600 1,800 Store supplies used 1,050 450 1,500 Depreciation-Equipment 2,000 700 2,700 Total direct expenses 25, 250 9,650...
of the direct expenses for Having knowledge in the area of Operations Management (OM) it is important. Some experts in the area suggest that operations account for companies 20% to 50% Approximately 10% 80% to 95% 60% to 80% Around 50%
The companies are in the same
line of business and are direct competitors in a large metropolitan
area. Both have been in business approximately 10 years and each
has had steady growth. Despite these similarities, the management
of each has a different viewpoint in many respects. Blair is more
conservative, and as its president said, “We avoid what we consider
to be undue risk.” Both companies use straight-line depreciation,
but Blair estimates slightly shorter useful lives than Armstrong.
No shares...
Need some help with this operations management question. It'd
also be nice if you could explain how you got your answer. Thanks.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Feb Mar Sales (000)Units 16 15 12 May Jun Jul Aug 19 23 25 b. Forecast September sales volume using each of the following (1) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials and indirect materials that are used in any given production process. (5 points) Solution The main difference is measurability. For most products, measuring materials used is important because it can be translated into a per unit measurement. This assists management in keeping track of the main amount of materials that are used in manufacturing the products themselves. Should any discrepancies occur in these measurements,...
Problem 2 (10 points: 5 points each question) A. Describe the main difference between direct materials and indirect materials that are used in any given production process. (5 points) Solution The main difference is measurability. For most products, measuring materials used is important because it can be translated into a per unit measurement. This assists management in keeping track of the main amount of materials that are used in manufacturing the products themselves. Should any discrepancies occur in these measurements,...
93. Tom and Mike are installing new flooring in their home. The house has 5 rooms of approximately equal size where the flooring will be replaced. Tom and Mike spent 3 hours removing the old flooring from the first room. The average time to remove the flooring from 2 rooms is 2.25 hours per room. Determine the learning curve percentage experienced by Tom and Mike. Below are values that may be useful in answering this question. (95%) / In(2)--0074 In(90%),...
Williams Company began operations in January 2019 with two operating (selling) departments and one service office) department. Its departmental income statements follow. WILLIAMS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined Sales $ 170,000 $105,000 $275,000 Cost of goods sold 83,300 65,100 148,400 Gross profit 86,700 39,900 126,600 Direct expenses Sales salaries 21,000 7,900 28,900 Advertising 1,200 600 1,800 Store supplies used 1,050 450 1,500 Depreciation-Equipment 2,000 700 2,700 Total direct expenses 25, 250 9,650...
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