Which of the following would not appear in the operations and management section of a business plan?
A) How you will run your business
B) Who your competitors will be
C) The personnel and management of your business
D) The location of your business and the equipment you will use
B
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Which budgets must managers prepare before they can prepare a direct materials purchases budget?
a. Labor budget b. Overhead budget c. Production budget d. Cost of goods manufactured budget
Sanchez Semiconductors produces 200,000 high-tech computer chips per month. Each chip uses a component that Sanchez makes in-house. The variable costs to make the component are $1.20 per unit, and the fixed costs are $1,200,000 per month. The company has been approached by a foreign producer who can supply the component, within acceptable quality standards, for $1.00 each. If the company chooses to outsource, fixed costs can be reduced by 30%. There are no other uses for the facilities currently employed in making the component. What would be the effect on operating income, if the company decides to outsource?
A) There would be no effect on operating income. B) Operating income would increase by $400,000. C) Operating income would increase by $200,000. D) Operating income would decrease by $40,000.
Newton Company currently produces and sells 4,000 units of a product that has a contribution margin of $6 per unit. The company sells the product for a sales price of $20 per unit. Fixed costs are $18,000. The company is considering investing in new technology that would decrease the variable cost per unit to $8 per unit and double total fixed costs. The company expects the new technology to increase production and sales to 9,000 units of product. What sales price would have to be charged to earn a $99,000 desired profit assuming the investment in technology is made?
A. $22 B. $15 C. $13 D. $23
Giving positive feedback is not as important as giving negative feedback
a. True b. False