operator

Examples of operator in the following topics:

• Operating Margin

  • The operating margin is a ratio that determines how much money a company is actually making in profit and equals operating income divided by revenue.
  • It is found by dividing operating income by revenue, where operating income is revenue minus operating expenses .
  • However, the operating margin is not a perfect measurement.
  • Furthermore, the operating margin is simply revenue.
  • The operating margin is found by dividing net operating income by total revenue.

• Introduction

  • understand three of the most important operations management practices: Total Quality Management, Supply Chain Management, and Just-in-Time/Lean Operations

• Activities of the Business: Financing, Investing, and Operating

  • Activities of the business include operating activities and non-operating activities such as investing activities, and financing activities.
  • Under GAAP, operating cash flows include:
  • In addition to operating activities businesses engage in non-operating activities.
  • Non-operating activities are not related to the day-to-day, ongoing operations of a business.
  • As with operating activities GAAP principles dictate how non-operating items are classified on the statement of cash flows.

• Operating Expenses, Non-Operating Expenses, and Net Income

  • Operating expenses and non operating expenses are deducted from revenue to yield net income.
  • An operating expense is the ongoing cost of running a product, business, or system.
  • Paper, toner, power, and maintenance costs represent operating expenses.
  • In business, operating expenses are day-to-day expenses such as sales and administration.
  • Non operating expenses include loan payments, depreciation, and income taxes.

• Building a Landscape

  • The following is an itemized list of questions that will help you build the landscape for the Kindergarten curriculum of operations:
  • Why learn these types of operations now?
  • Are there number sets that students are learning that provokes the introduction of these operations?
  • What human activities necessitated the creation of these operations?

• Leverage Models

  • These ratios tell us that if the unit variable cost is constant, then as sales increase, operating leverage decreases.
  • Another common way of defining operating leverage is by dividing total fixed costs by operating income, or EBIT (earnings before interest and taxes).
  • The Degree of Operating Leverage is closely related to the rate of increase in the operating margin, which is the ratio of operating income to net revenue.
  • As sales increase past the break-even point, both operating margin and the DOL increase rapidly from 0%.
  • Operating leverage is equal to total fixed costs divided by operating income.

• Times-Interest-Earned Ratio

  • EBIT = Earnings Before Interest and Taxes, also called operating profit or operating income.
  • It is the difference between operating revenues and operating expenses.
  • When a firm does not have non-operating income, then operating income is sometimes used as a synonym for EBIT and operating profit.
  • The EBITDA of a company provides insight on the operational profitability of the business.
  • When the interest coverage ratio is smaller than 1, the company is not generating enough cash from its operations EBIT to meet its interest obligations.

• Operations of the Elementary Curriculum

  • Creating a realization for operation, with the tools available to a kindergartner.
  • The following is a graphic representation of all the different types of operations of the elementary curriculum grade-band.
  • When formulating a realization for a concept like operation, it is important to understand that your definition of a concept should evolve with the context.
  • Put more simply, operation and its definition will change as the grade and age of students that you are working with changes.
  • Keep in mind the following as you develop your own realization of operation and then build out the 6 different grade band levels of that realization:

• What is operations management?

  • The goal of operations management is to maximize efficiency while producing goods and services that effectively fulfill customer needs.
  • For example, if an organization makes furniture, some of the operations management decisions involve the purchasing of wood and fabric, the hiring and training of workers, the location and layout of the furniture factory, and the purchase of cutting tools and other fabrication equipment.
  • If the organization makes good operations decisions, it will be able to produce affordable, functional, and attractive furniture that customers will purchase at a price that will earn profits for the company.
  • If the restaurant owners make good operations decisions, they will be able to meet their customers' needs for delicious and affordable food that is served in a pleasing atmosphere.

• The Order of Operations

  • The order of operations is an approach to evaluating expressions that involve multiple arithmetic operations.
  • The order of operations is a way of evaluating expressions that involve more than one arithmetic operation.
  • This means that multiplication and division operations (and similarly addition and subtraction operations) can be performed in the order in which they appear in the expression.
  • Now that you've reframed the operations, any order will work:
  • Evaluate how the order of operations governs the use of mathematical operations