Change in tax = 2390 - 2102
= 288
Percentage change = 288/2102*100
= 13.70
What is tax?A sum of money that a government mandates citizens pay in relation to their income, the value of their property, etc. and is used to fund the government's activities.
A tax is a mandatory fee or financial charge that any government imposes on a person or a business in order to raise money for public projects that fund the best facilities and infrastructure. Different public expenditure programmes are then funded with the money raised.
Examples include general and targeted sales taxes, value-added taxes (VAT), taxes on any aspect of production or manufacturing, taxes on legal transactions, and customs or import duties. A sizable portion of consumer spending is subject to general sales taxes.
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If a material is defined at both a distribution center and a production plant, what will be the procurement type in the mrp2 data view for each?
The procurement type field for the facility will be set to E for in-house procurement. The procuring type field for the distribution center will be set to F for external procurement.
Purchases of products, services, or other works from an outside source are made through the procurement process, which is frequently done through the use of a tendering or competitive bidding procedure. Public procurement is the term used when a government organization uses this method to purchase products or services. When factors like quality, quantity, time, and location are evaluated, procurement as an organizational process is meant to guarantee that the buyer obtains goods, services, or tasks at the best available price. In order to encourage fair and open competition for their businesses while reducing risks like vulnerability to fraud and collusion, corporations and public organizations frequently create processes.
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Tri-coat+paints+has+a+current+market+value+of+$41+per+share+with+earnings+of+$3.64.+what+is+the+present+value+of+its+growth+opportunities+(pvgo)+if+the+required+return+is+9%?]
The present value of its growth opportunities (PVGO) if the required return is 9% is $40.44.
The formula for calculating the Present value of growth opportunity is :
Value of Stock - Value of no growth
Value of no growth = Earning/Cost of equity
In the given question:
value of no growth = 3.60/9%
= $40.44
Hence the Present value of growth opportunity is $0.56 (41 - 40.44).
What is a growth opportunity?
The potential for large growth can be summed up as a growth opportunity. Whether it be in your professional, private, or recreational life. The secret to total success and contentment is the ability to evolve. "The highest calling of leadership is the growth and development of people."In a workplace where employees are encouraged and supported to develop their interpersonal, emotional, and professional abilities, growth and development are present. Such businesses offer a variety of internal and external options for employees to expand their skill sets.Proper question: Tri-coat Paints has a current market value of $41 per share with earnings of$3.64. What is the present value of its growth opportunities (PVGO) if the required return is 9%?
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What type of product/service management did Ray do?
The type of product/ service management that Ray did was new product development.
What did Ray do?From the given scenario, Ray is involved in the process of new product development because he was in charge of the development of a new line of seats.
This stage in product management is done by first engaging in market research as was done by the company that Ray hired. This allowed Ray to find out what new thing as needed in the market which in this case was new theatre seats.
In conclusion, the type of product/ service management that Ray does is to new product development.
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What is the current yield of a 6-year Treasury note with a coupon rate of 6%, a face value of $100, and is currently trading at 100:20?
The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead than focusing on a bond's face value, this metric looks at its current price. So,the current yield is 0.0598.
Current yield = Anual cash inflows/ Market price
= $100x6% /$100.20
= 0.0598
Therefore, Current yield is 0.0598
What is the Current yield?
The annual income from an investment, which includes dividend and interest payments, is divided by the security's current price to get a bond's current yield in fixed income investing.A bond's purchase price affects the current yield because the market price of a bond is subject to change. Investors can buy bonds at a discount or a premium.The current yield for stocks can also be determined by taking the dividends paid and dividing them by the stock's current market value.The annual return on an investment (interest or dividends) is calculated by dividing it by the security's current market value. Instead than focusing on a bond's face value, this metric looks at its current yield .To know more about Current yield Example visit:
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Willa has managers located in seven countries, and she feels it is important to maintain weekly communication with each of them. what can willa use to maintain this regular communication?
Willa use to maintain this regular communication Journal Communication.
What is a communication journal?The Communications journals sit within Nature Portfolio and have a mission to publish research that enhances and brings new insight to their subject area. The journals share a collaborative editorial model with in-house and external editors working together.The goal of the Communications journals, which are part of Nature Portfolio, is to publish research that advances and adds fresh perspective to a given field. The journals all use a cooperative editorial model that combines the efforts of internal and outside editors. With our emphasis on the community, our multidisciplinary nature, and our inclusive and fair publication standards, we complement the other Nature Portfolio journals. We think that serving the research community should be our top priority and that the diversity of the communities we serve should be reflected in our content, editors, authors, and reviewers.
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If $350 is invested at 7ompounded (a) annually, (b) quarterly, (c) monthly, what is the amount after 5 years? how much interest is earned?
compound interest formula: A=P(1+i) ^n, P=initial investment, i=interest rate per period, n=number of periods, A=amount after n years.
For annual compounding:
P=350
i=7%/1=0.07
n=5*1=5
A=350(1+.07)^5
A=350(1.07)^5
A=350(1.4026)=$490.91
For quarterly compounding:
P=350
i=7%/4=0.0175
n=5*4=20
A=350(1+.0175)^20
A=350(1.0175)^20
A=350(1.1448)=$400.68
For monthly compounding:
P=350
i=7%/12=0.005833
n=5*12=60
A=350(1+.005833)^60
A=350(1.005833)^60
A=350(1.4176)=$496.16
What is Compound interest?Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
It occurs when interest is reinvested or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest.
The interest per period multiplied by the number of periods in a year yields the simple annual interest rate. The nominal interest rate is another name for the basic annual interest rate.
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Suppose that he price of insulin injection kits rose from $72 to $98 but the equilibrium quantity remained the same. what pattern of changes could explain that?
demand increased and supply decreased when price of insulin injection kits rose from $72 to $98 but the equilibrium quantity remained the same.
What is demand and supply explain?
The term supply refers to what proportion of a certain product, item, commodity, or service suppliers are willing to form available at a particular price. Demand refers to what proportion of that product, item, commodity, or service consumers are willing and ready to purchase at a particular price.
Why is supply and demand important?
Supply and demand have a crucial relationship because together they determine the prices and quantities of most goods and services available in a given market. consistent with the principles of a market economy, the connection between supply and demand balances out at a point in the future.
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What are the four broad areas of opportunity a company can pursue in the marketing strategy planning process?
The four broad areas of opportunity a company can pursue in the marketing strategy planning process are:
DiversificationProduct developmentMarket developmentMarket penetrationDiversification is a risk management approach that involves combining a wide range of investments in a portfolio. A diversified portfolio includes a variety of asset types and investment vehicles in an effort to limit exposure to any one asset or risk.
Product development, often known as new product management, refers to the process of conceptualizing, designing, developing, and selling newly developed or rebranded goods or services. Product development encompasses the complete life cycle of a product, from conception to commercial release.
Market development is a strategic measure done by a corporation to develop its present market rather than seek a new market. In order to enhance sales, the corporation seeks new buyers to market the product to a different section of consumers.
Market penetration measures how much a product or service is used by customers in relation to the total expected market for that product or service. Market penetration can also be used to design strategies for increasing the market share of a specific product or service.
Hence, The four broad areas of opportunity a company can pursue in the marketing strategy planning process are:
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Gianna (20) attends state university and is a qualifying student for the purpose of the american opportunity tax credit (aotc). Her parents will claim her as a dependent on their jointly-filed 2021 return. Their adjusted gross income is $135,000, and they paid $14,500 for gianna's tuition during the year. What is the maximum aotc gianna's parents may be eligible to receive?
The highest amount of money that AOTC Gianna parents may receive is $2500.
An educational tax credit known as the American Opportunity Tax Credit (AOTC) is available for qualified costs paid within the first four years of a student's higher education. Parents who file a combined tax return and have a dependent student may be entitled to receive this tax credit.
If your modified adjusted gross income, often known as your AGI, is $160,000 or less, you are eligible for the full tax benefit (in cases where parents file tax return jointly).
As a result, the following formula can be used to determine the maximum AOTC that Gianna's parents may receive:
• 100% of the first $2,000 spent on admissible educational costs, such as tuition and related costs for school supplies, etc.
PLUS
• 25 percent of the following $2,000 in admissible college costs.
The maximum AOTC that Gianna's parents may receive is as follows: = $ 2000 + 0.25 2000.
= $ 2000 + $ 500
= $ 2500
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A situation where the level of output, scale and average costs are all rising is called:__________
A situation where the level of output, scale and average costs are all rising is called Diseconomies of scale.
What are Diseconomies of scale ?
Diseconomies of scale happen when rising average unit costs accompany expanding output.Diseconomies of scale can be caused by internal operational variables or external, uncontrollable circumstances.Diseconomies of scale might be the result of technical problems with a manufacturing process, management problems inside an organisation, or resource limitations on productive inputs.Diseconomies of scale occur when a firm or business expands to the point where the price per unit rises. When a firm's economies of scale stop working, it happens. According to this theory, a firm experiences an increase in expenses as output increases rather than continuing to see reducing costs and rising output.To know more about Diseconomies of scale visit:
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Would the manager in a public company be actively involved in the decisions of the company
The middle half of all literacy rates are between approximately what two values?
The middle half of all literacy rates are between approximately two values - 0 to 1.
What is Literacy Rate?The proportion of people in a specific age group who are literate is known as the literacy rate.In its broadest meaning, literacy refers to "certain ways of thinking about and practicing reading and writing" with the aim of comprehending or verbally expressing concepts in a given environment. Writing always entails writing for a certain audience and reading always involves reading something for a specific reason. Literacy teaching, learning, and practice across the lifespan are always influenced by beliefs about reading and writing and their importance for both society and the individual.To learn more about Literacy rates, refer to:
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Which of the
following is NOT
associated with
Macroeconomics
?
A. A nation's GDP
B. Unemployment
C. Inflation
D. Individuals
Answer:
The option A is correct
Explanation:
What is the most popular example of specialized software for managing projects?
a. project apple
b. microsoft management
c. tool pert/cpm
d. microsoft project
Microsoft Project is the most popular example of specialized software for managing projects.
a. project apple
b. microsoft management
c. tool pert/cpm
d. microsoft project
What is managing project?
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information. The three main restraints are budget, time, and scope.
Therefore,
Microsoft Project is the most popular example of specialized software for managing projects.
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What assumption prevents some relevant information from being included in the financial statements because it cannot be quantified?
The assumption that prevents some relevant information from being included in the financial statements because it cannot be quantified is Money Measurement Assumption.
Money is a medium of trade; it lets people attain what they want to live. Bartering turned into one manner that humans exchanged goods for different items before money become created. Like gold and other precious metals, money has well worth because for the majority it represents something valuable.
Money is a medium of exchange; it allows human beings to obtain what they want to stay. Bartering become one way that humans exchanged items for different items earlier than money became created. Like gold and other valuable metals, cash has well worth it due to the fact for the general public it represents something precious.
In keeping with the U.S. branch of the Treasury, cash is constructed from 75% cotton and 25% linen inside the u.s... The front of the bills is printed with black, shade-changing, and steel ink. again, there is the simplest green ink.
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A monetary entity is assumed. A business's transactions are separate from those of its owners. It is impossible to create accurate financial statements if this presumption is false.
Financial statements are official records of a person, business, or other entity's financial position and activities. An easy-to-understand format is used to present pertinent financial data in a structured manner.
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting firms, etc. frequently audit financial statements to ensure accuracy and for tax, financing, or investing purposes.
The records of a company's financial situation and activities over a specific time period are called financial statements. Financial statements display a company's financial health and performance. The income statement, balance sheet, and cash flow statement are the three primary financial statements.
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The economic integration associated with globalization can provide an opportunity for more widely dispersed development. why is this possible? what are the major stumbling blocks to such integration?
Economic integration refers to the removal of trade barriers or barriers and ensures coordination between fiscal and monetary policies. Economic integration aims to increase trade between countries by reducing the costs of products and services for both producers and consumers.
Economic integration is the result of the globalization initiative. Globalization opens the gates of opportunity for business organizations and promotes free trade between countries. Globalization has brought many reorganizations at international, national and local or sub-national levels. And this reorganization facilitates international trade and the integration of financial markets of different countries, thereby promoting economic integration among nations as a whole. Globalization of the world's goods and services and financial markets refers to economic integration and its growth, which will increase trade between countries. Yes, it creates the possibility of widely dispersed development. For the following reason: globalization helps to use scarce resources of society and nations more efficiently. Globalization has allowed companies to specialize and increase R&D efforts and bring innovation. globalization creates job opportunities for many countries and economic integration between nations has the potential to create a huge amount of job opportunities. The following main stumbling blocks of economic integration: An unstable political and economic environment and a dynamic business environment is one of the main stumbling blocks of economic integration. Because of social and cultural differences between countries, economic integration is resisted. The anti-globalization movement opposes economic integration. In the current scenario, there are massive riots for globalization in many countries because they have not benefited from globalization. Developed countries have gained many benefits from globalization and 3rd world countries are becoming victims of globalization. As a result, an era of protectionism is emerging at the global level.
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Lox, stock and bagel, inc., issued $100,000 of stock. it recorded the transaction by increasing cash and decreasing common stock. as a result of this entry, the accounting equation will?
The accounting equation will balance, but the transaction was recorded in the wrong accounts.
An easy transaction version may be defined as a model of financial interdepend which includes a matrix of transactions collectively with a matrix of impartial responses or injections and a matrix of established responses based totally on the assumption that the allocation of outgoings depends on the full of incomings with.
A coin transaction is the instantaneous payment of cash for the acquisition of an asset. some market inventory transactions are taken into consideration coins transactions even though the trade may not accept a few days.
Transaction quantity approaches the range assigned chronologically to a transaction performed via a 2d hand items supplier utilized in a transaction record; sample 1.
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A person's cognitive biases are MOST likely to affect what?
Question 1 options:
how their brains filter information
whether they use email or instant messaging
how much money they make
what kind of jargon they use
Question 2 (1 point)
Which of these is a secondary emotion?
Question 2 options:
fear
jealousy
anger
sadness
Question 3 (1 point)
Every afternoon at one o'clock, the air conditioner in Emilio's office turns on to lower the temperature by five degrees. Emilio finds it way too cold and it distracts him from his work. In this case, which element is affecting his perception and emotions?
Question 3 options:
culture
personality
physical environment
social media
Question 4 (1 point)
Hotaru is from Japan, where it is very common for multiple generations to live together. She is not judgmental of a 25-year-old man who lives with his parents because of her what?
Question 4 options:
physical environment
personality
culture
age
Question 5 (1 point)
Danielle tends to roll her eyes when listening to her little sister tell a story. What step should she take to increase her emotional awareness to address this issue?
Question 5 options:
consider her own feelings
monitor her facial expressions
operate on trust
be more empathetic
In Psychology, framing effect can be defined as a cognitive bias wherein a person's choice from a group of options is primarily influenced by the positive or negative connotations pertaining to the options that are available.
What is cultural diversity?Cultural diversity can be defined as an existence of cultural variety and cultural differences due to the presence of several ethnic groups that are living within a society.
In this context, we can logically deduce that some examples of distinctive cultural characteristics that differentiate groups are:
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If households in the economy save more of any extra income that they earn, then the multiplier effect will?
If households in the economy save more of any extra income that they earn, then the multiplier effect will decrease.
What is economy?
An economy is the production, distribution, and trading of products and services, as well as their consumption. It is described broadly as a "social domain that emphasises the activities, discourses, and material expressions linked with the creation, use, and management of finite resources." A given economy is a collection of activities that include as primary variables its culture, values, education, technical evolution, history, social organisation, political structure, legal systems, and natural resources.
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What can be done to build a more effective buyer-supplier relationship with metokote?\
Clear, consistent communication can be done to build a more effective buyer-supplier relationship with metokote.
In order to establish productive, long-lasting relationships with suppliers, buyers must treat them as partners in communication. For instance, aggressive bargaining strategies are likely to damage trust and result in a confrontational and resentful relationship.
For instance, a vendor self-service portal gives them the ability to examine purchase orders, change contact information, send invoices, and reply to quote requests. It's a good method to increase transparency in your supplier relationships and to keep a record of all transactions to assist avoid misunderstandings.
Regular supplier performance reviews encourage vendor accountability, aid in cost reduction, and raise (internal and external) customer happiness.
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Question 3 suppose current assets for a firm are $50, long-term assets are $100, and total liabilities are $30. how much is the firm's total owners' equity?
The firm's total owners' equity is $120
How do we calculate total Equity?The formula to calculate total equity is Equity = Assets - Liabilities.
Given that,
Current assets = $50
long-term assets = $100,
liabilities = $30
Equity = Assets - Liabilities.
Total asset = current asset + long-term asset
Total asset = $50 + $100
Total asset = $150
Now,
Equity = Assets - Liabilities
Equity = $150 - $30
Equity = $120
The firm's total owners equity is $120
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To reduce the risk of chronic disease, help prevent weight gain, and help sustain weight loss, myplate recommends at least ________ of moderate activity per week.
'To reduce the risk of chronic disease, help prevent weight gain, and help sustain weight loss, MyPlate recommends at least 2 hours and 30 minutes of moderate activity per week.
Chronic disease is a condition or disease whose effects are persistent or long-lasting, or a disease that develops over time. The term chronic is often used when the course of the disease lasts he more than 3 months.
Chronic illness is broadly defined as a condition lasting more than a year that requires ongoing treatment, limits activities of daily living, or both. Chronic diseases such as heart disease, cancer and diabetes are leading causes of death and disability in the United States.
Chronic diseases have their own symptoms, but they can also cause invisible symptoms such as pain, fatigue, and mood disturbances. Pain and fatigue can become part of everyday life. In addition to illness, there are other things to be aware of, such as medication and exercise.
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A job shop is generally associated with high volume production. A job shop is generally associated with high volume production. true false
A job shop is generally associated with high volume production. A job shop is generally associated with high volume production.
The given statement is False.
What is volume production?
Volume of production is the percentage of a production period's average volume of the affected commodity produced by those on the list of affected parties or producers.The accomplished actual overhead expenses per unit are contrasted with the anticipated or planned cost per item. The following is the formula for the variance in production volume: Production volume variance is calculated as follows: actual production volume minus budgeted production volume x budgeted overhead rate per unit.The production volume variance counts the units produced while taking into account the overhead. It is the product of the budgeted overhead rate multiplied by the difference between the actual number of units produced during a period and the number of units that should have been generated according to the budget.To learn more about volume production visit:https://brainly.com/question/13749626
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Sasha owns a business which produces office furniture. She employs 100 workers in the operations department and 15 workers in the office. Sasha believe on a democratic leadership style. Sasha says that being a good manager is very important to the success of the business. Very few workers leaves each year. Sasha sees no need for any of her workers to join a trade union.
1) Outline Two roles/functions sasha undertakes as the manager of the
business.(4)
2) Explain two reasons why having good managers is important to this
business. (6)
3) Do you think Sasha is right to say that her workers do not need to join a trade union? Justify you answer. (6)
As per the given statement:
First:
Examining the company's budgets and finding the most profitable business.The promotion and employment of new managers for the organization.Second:
The business is running smoothly.They frequently collaborate with influential investors.Third:
In this case, I believe Sasha is correct.What is the function of such an operations department?An operations department guarantees that the production process is accomplished from beginning to end. These manufacturing methods must be consistent with the aims and functions of those other departments within a corporation.
1). Two roles/functions Sasha undertakes as the manager of the business.1. As the owner, one of Sasha's primary responsibilities is to analyze the company's budgets and determine whether or not it is profitable. Another task for Sasha is to oversee the promotion and hiring of new managers for the organization. Sasha must be certain that those directly below her are capable of completing their jobs appropriately.
2). The two reasons why having good managers is important to this business.2. Having strong managers is vital for a business for two reasons: (1) they are in responsible of ensuring that everything in the firm functions properly, and (2) they frequently work with major clients whose money the company will undoubtedly require.
3). I think Sasha is right to say that her workers do not need to join a trade union.3. In this circumstance, I believe Sasha is correct in stating that her employees do not need to join a trade union. Sasha's company is handled in a democratic manner, which means her employees have a lot of say in company decisions. Joining a union isn't essential when employees already have so much power within the organization.
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If you sell a share of stock for $45 today that you purchased for $26 three years ago, what was your annual return over the three years?
An annual rate of return is the profit or loss on a one-year investment. There are numerous methods for calculating the annual rate of return. If the rate of return is calculated monthly, multiply it by 12 to get the annual rate of return.
($45 - $24)/$24 × 1/3 = 24% is the annual return over the three years.
What is the annual income formula?Add up all of your monthly earnings.Because there are twelve months in a year, you multiply by 12. For example, if you make $2,000 per month from a part-time job and pay $10,000 in rent, add the two figures and multiply by 12.Calculating your annual income gives you a better understanding of your financial situation, and it is simple to do. Understanding and knowing how to calculate annual income can assist salaried individuals in developing a budget, applying for a loan, and preparing their tax return. An annual income calculation is required by a business owner in order to keep track of business expenses, make financial decisions, and pay taxes. This article defines annual income, examines the distinction between gross and net income, explains how to calculate annual income, and provides an example of annual income calculation.To learn more about annual income refer to:
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Has aed 800 million in sales. the profit margin is 4.2 percent and the firm has 4,500,000 shares of stock outstanding. the market price per share is aed 60. what is the price-earnings ratio.
For the 800 million in sales, the price-earning ratio is 8.04.
Earnings per share (EPS) = (Sales * profit margin) / number of shares
= (AED 800,000,000 * 4.2%) / 4,500,000
= AED 7.47
Price-earnings ratio = Price per share / EPS
= AED 60 / AED 7.47
= 8.04
Price-earnings ratio = 8.04
The price-earnings ratio, also called P/E ratio, P/E, or per, is the ratio of an agency's proportion fee to the employer's income in line with the share. The rate/earnings ratio, also called the P/E ratio, tells investors how much a company is really worth. The ratio is used to evaluate organizations and determine whether they may be overvalued or undervalued.
There's no specific number that indicates expensiveness, however, typically, shares with P/E ratios of underneath 15 are considered cheap, while shares above about 18 are the notion as costly. Depending on your view of the market, expensive is not necessarily bad.
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Productivity should be a concern of every business organization. how should productivity be defined?
Productivity is a measure of business performance that contrasts the quantity of products and services generated (output) with the quantity of capital, labor, materials, energy, etc. required (input) to produce those goods and services. Moreover, it determines how efficiently work is done over a specific period of time.
Productivity is a major concern of every business organization as higher productivity levels in a workplace lead to a healthier working environment. Also, the increased productivity levels generate higher profits that boosts the success of the business organization in competitive markets.
Similarly, when productivity neglects to develop altogether, it limits expected gains in compensation, corporate benefits, and expectations for everyday comforts.
Thus, productivity is a measure of business performance that determines how efficiently it converts inputs (labor and capital) into outputs (goods or services).
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Justin's store has net working capital of $1,800, total assets of $12,600, and net fixed assets of $9,700. what is the value of the current liabilities?
The value of current liabilities will be $ 1,100.
Current asset = Total asset - Fixed asset
= $12,600 - $ 9,700
= $ 2,900
Net working capital = $ 1,800
Current Liabilities = Current Asset - Net working capital
= $ 2,900 - $ 1800
= $1,100
Current liabilities are the short-term financial obligations of a company that are due within one year or within a normal operating cycle. An operating cycle, also known as the cash conversion cycle, is the amount of time it takes for a business to purchase inventory and convert it to cash from sales. Money owed to suppliers in the form of accounts payable is an example of a current liability.
The current assets to current liabilities ratio are critical in determining a company's ability to pay its debts on time. Current liabilities are usually settled with current assets, which are assets that are depleted within a year.
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How can disney assess whether they are recouping their $1 billion investment? what is the value of this platform to disney?
Imitation of electronic systems can be very beneficial for organizations as they are not limited to the technology being obsolete but they can be easily upgraded. This provides additional safety to the $1 billion investment in the implementation of this kind of platform. As it would increase the overall level of reducing the negative points in the resort increasing the overall profit generated by the company, this information gathering can be used for further analysis for creating a better impact on the customers which would be worth investing 1 billion dollars for the specific platform.
Excessive-risk investments offer the possibility of returns that might be probably greater appealing than the ones available from mainstream investments. however, there may be no assurance that high-chance investments will in reality supply high returns. In exercise, the real returns might be underneath those of mainstream investments.
Making an investment isn't always tough. You must not be a math genius to understand in which to place your cash or be afraid of scary terms like “inventory marketplace volatility.” (That just manner the fees of agencies inside the inventory marketplace are converting rapidly.) The more you realize, the higher you will feel about making an investment.
Sure, you may become rich by making an investment within the inventory marketplace. investing in the stock market is one of the maximum dependable approaches to developing your wealth over the years.
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In its 1st month of business, brewed awakenings, inc. Purchased $1,000 of supplies of which it had paid $700 and owes the rest. At the end of the month, it had $400 of supplies available for use. What is the amount of supplies expense on the income statement?.
The balance for Supplies on the balance sheet is $800. It began with $700, spent $1,000, but still only has $400 worth of goods, therefore it spent $1300.
The $1300 is deducted from Supplies Expense (+E,-SE) and credited to Supplies (-A) in an adjustment entry for supplies expense. They are first counted as assets by debiting the cash account and crediting the account for office or retail goods.
The cost of supplies used during the accounting period is converted to an expense at the conclusion of the period, and an adjustment entry is produced. According to the matching principle, expenses should be recorded in the same reporting period as the associated income.
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