McDonald's success in franchising in global markets can be attributed to several factors which do not include:
A) a well known global brand name.
B) a business system that can be easily replicated.
C) local market knowledge.
D) cross licensing.
E) granting franchisees leeway to tailor menu offerings to suit local tastes.
D
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Jake Co. has prepared the following fixed budget for the year, assuming production and sales of 30,000 units. This level of production represents 80% of capacity.Jake Co.Fixed BudgetFor Year Ending December 31Sales ………………………………………………?$1,500,000Cost of goods sold:?? Direct materials ………………………………$540,000? Direct labor ……………………………………300,000? Indirect materials (variable) …………………15,000? Indirect labor (variable) ………………………21,000? Depreciation …………………………………180,000? Salaries ………………………………………90,000? Utilities (80% fixed) …………………………54,000?
Maintenance (40% variable) …………………33,0001,233,000Gross profit ………………………………………?$ 267,000Operating expenses:?? Commissions …………………………………$ 45,000? Advertising (fixed) ……………………………60,000? Wages (variable) ………………………………15,000? Rent ……………………………………………30,000? Total operating expenses ……………………? 150,000Income from operations …………………………?$ 117,000Calculate the following flexible budget amounts at the indicated levels of capacity:?Operations at60% of Capacity?Operations at75% of CapacitySales ? Total variable costs ? Total fixed costs ? Income from operations ? What will be an ideal response?
Emotional intelligence helps managers understand and relate well to subordinates and to energize them to aid the organization in attaining its goals.
Answer the following statement true (T) or false (F)
_____ is the study of the possible payoffs and probabilities associated with a decision alternative or a decision strategy in the face of uncertainty
a. Risk analysis b. Cost analysis c. Certainty analysis d. Optimization
When an entry is made in the general journal,
A. accounts to be debited should be listed first. B. assets should be listed first. C. accounts to be increased should be listed first. D. accounts may be listed in any order.