Question

In: Finance

Recommend how projected financial statements and other measures of business performance could be used by a...

Recommend how projected financial statements and other measures of business performance could be used by a manufacturing company  to evaluate its activities and processes. (minimum word count 700 words )

Take note of word count

Solutions

Expert Solution

The first important projected information is consumption of raw material. From the projected report, the manufacturing company comes to know about how much of raw material is going to be consumed in coming times. This information helps companies to place the orders of raw materials well in time and keep sufficient storage of raw material. This information helps companies to calculate EOQ that is Economic Order Quantitiy.

The second important projected information is fixed and variable costs. for a manufacturing company, cost is the most important factor. The projected information about costs help companies to better manage its working capital.

The Third important projected information is Sales. This information helps companies to project its profits.

The Fourth important projected information is projected capacity utilization. this information helps companies to better manage its labour and other resources.


Related Solutions

Recommend how PROJECTED financial statements and other measures of business performance could be used to evaluate...
Recommend how PROJECTED financial statements and other measures of business performance could be used to evaluate its activities and processes.
Recommend how : 1) Projected financial statements could be used by a company to evaluate its...
Recommend how : 1) Projected financial statements could be used by a company to evaluate its activities and processes.(350words) 2) Other measures of business performance could be used by a company to evaluate its activities and processes(350words).
Are there any measures you as business manager could recommend to improve business' ethical environment or...
Are there any measures you as business manager could recommend to improve business' ethical environment or behavior.   What kind of policies you could devise to ensure worker's rights with respect to salary, promotions, benefits, working conditions and vacation and personal leave. How would you reward good behavior? In other words what incentives would you use to reward workers? What kind of an image you would want your workers to project for the company? How could you serve as a role...
Memorial Hospital calculated certain performance measures from their 2017 financial statements listed below. The same performance...
Memorial Hospital calculated certain performance measures from their 2017 financial statements listed below. The same performance measures for 2016 are listed for comparison. Please indicate if the increase or decrease from 2016 to 2017 in these performance measures is beneficial to the organization or not and explain why. This questions is asking for the increase or decrease of each individual performance measure to be analyzed (positive or negative contribution to the organization) and explained. It is NOT asking for an...
How the contents of an annual insurance company financial statements can demonstrate business performance to external...
How the contents of an annual insurance company financial statements can demonstrate business performance to external stakeholders (for example lenders and investors). Include FIVE different financial ratios which would be of relevance to these stakeholders.
Discuss how the contents of an annual insurance company financial statements can demonstrate business performance to...
Discuss how the contents of an annual insurance company financial statements can demonstrate business performance to external stakeholders (for example lenders and investors). Within your discussion you explain FIVE different financial ratios which would be of relevance to these stakeholders.
Discuss five of the advantages that nonfinancial performance measures have over financial performance measures using examples
Discuss five of the advantages that nonfinancial performance measures have over financial performance measures using examples
The structure of Financial Statements and how they interact with each other.
The structure of Financial Statements and how they interact with each other.
Describe how business intelligence is or could be used by the organisation to enhance their business....
Describe how business intelligence is or could be used by the organisation to enhance their business. The organization is `Samsung Australia.
Which of the following are financial statements used by business entities to report the financial position...
Which of the following are financial statements used by business entities to report the financial position of the entity? A. A balance sheet, a depreciation schedule, and a cash receipts journal. B. An income statement, a statement of cash flow, and a depreciation schedule. C. A balance sheet, an income statement, and a statement of cash flow. D. A balance sheet, an income statement, and a cash disbursements journal.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT