A local gymnastics studio offers dance, tumbling, trampolines, and competitive cheer training for kids of all ages. To recruit students for these lessons, the studio also hosts birthday parties, afterschool care, and swim lessons. These offerings interact to diversity the corporate high level energy .
What is local gymnastics studio ?
Children of all ages can receive competitive cheerleading training at a nearby gymnastics facility, which also provides dancing, tumbling, and trampolines.
The studio also holds birthday celebrations, after-school programs, and swim lessons to draw new students for these classes.
the game. Three categories—artistic, rhythmic, and trampoline—are used to categorize Olympic gymnastics.
What serves as gymnastics' primary objective?
The sport of gymnastics is well known for enhancing general physical performance in all other sports as well as improving fitness, strength, balance, and body control (Harrell, 2003).
Both are pricey, but dancing will set you back a bit more due to the cost of costumes, classes, and travel to competitions. It is important to balance your money and schedule appropriately because gymnastics has expenditures as well.
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a marketer is attempting to capture website visitor's information to help grow their subscriber list. what tool will help the marketer capture this information?
Create a double option in campaign that requires subscribers to confirm their email address by clicking a link in an email they receive after subscribing via Web Collect.
You can advertise your goods or services by using marketing tools. Most firms increase their sales by using a variety of marketing strategies. To promote your company, you might combine the use of advertising, direct mail, and social media management.
Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.
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a six sigma process is under what kind of control? multiple choice question. statistical process control iso 9000 scrutiny 100% inspection of product governmental regulatory control
Statistics and data analysis are used in the Six Sigma process to examine and minimise errors or flaws.
What is the Six Sigma process?The Define, Measure, Analyze, Improve, and Control phases of the Six Sigma Methodology are all data-driven (DMAIC). DMAIC standardises a company's approach to problem-solving and influences the way it develops ideas for new process improvements when it is completely adopted.
In order to identify and minimise errors or flaws, the Six Sigma method uses statistics and data analysis. The goal of this procedure is to speed up cycle times while keeping manufacturing errors to a maximum of 3.4 per million units or occurrences.
In order to support Six Sigma and other process improvement initiatives, problem-solving tools known as "Six Sigma tools" are utilised. In order to optimise processes, the Six Sigma expert use both qualitative and quantitative methods.
Therefore, the correct answer is option a) Statistical process control.
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Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November.Lynn Brian MikeDirect materials $630 $440 $210Auditor labor costs $5,700 $7,260 $4,260Auditor hours 77 89 51Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $54 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $13,610.(a) Determine the cost of each job.CostLynn $Exercise 15-12Don Lieberman and Associates, a CPABrian $Exercise 15-12Don Lieberman and Associates, a CPAMike $Exercise 15-12Don Lieberman and Associates, a CPA(b) Indicate the balance of the Service Contracts in Process account at the end of November.Balance in service contracts in process account $Exercise 15-12Don Lieberman and Associates, a CPA(c) Calculate the ending balance of the Operating Overhead account for November.Balance in operating overhead account $Exercise 15-12Don Lieberman and Associates, a CPAClick if you would like to Show Work for this question: Open Show Work
CPA therefore mandates that they abide by the ethical standard through enforcement.
Peer reviews are periodic external reviews that serve as a gauge of an organization's quality assurance procedures in the fields of accounting and auditing. Additionally, the CPA company organized the critical assessment by other CPAs for this contract. The engagement is a peer review one. Thus, the same should be taken into account. The rationale is that CPA works to maintain its members' adherence to the moral standards that it wants chartered accountants to uphold. Most businesses give their clients access to both audit and non-audit services. This causes self reflection, familiarity, intimidation of the firm into accepting the offer, and threats against one's own interests. All of these risks prevent the audit report from being dependable because they slant the auditor's perspective. CPA therefore mandates that they abide by the ethical standard through enforcement.
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jones international is a large organization with holdings in the united states, europe, and southeast asia. the corporation's mix of strategic business units (sbus) allows the company to exploit its strengths and capabilities in more than one line of business and to exploit synergies across business lines. one of the disadvantages of jones international's strategy is that it . a. increases management complexity b. increases economic risk c. increases the company's dependence on the success of its largest sbu d. increases overhead costs e. exploits the strengths of competitors
A sizable company, Jones International has operations in the United States, Europe, and Southeast Asia.
Briefing:-The corporation's mix of strategic business units (subs) enables it to take advantage of its strengths and capabilities in many business lines as well as cross-industry synergies. The technique employed by Jones International has the drawback of adding to management complexity.
Which of the following describes the typical actions of an organization that opposes the need to change business processes?The propensity for an organization as a whole to oppose change and want to preserve the status quo is known as organizational inertia. Companies that experience inertia become rigid and unable to adjust in response to external or internal challenges.
In order for an organization to support differentiation, which of the following must take place?Sales and marketing efforts must place a strong emphasis on the high value of an organization's products.
Which of the following places more of an emphasis on resources and mission than it does on people and action?Operational planning typically concentrates on people and activity, whereas strategic planning concentrates on resources, environment, and mission. Employees who receive quarterly bonuses are more likely to engage in short-term planning than those who receive quadrennial bonuses.
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dolson appliances makes coffee machines for offices and homes. for next year, the production budget is 125,000 units. beginning inventories will be 10,000 units and the desired ending inventory will be 8,000 units. required: what is the sales budget for the coming year for dolson appliances?
The sales budget for Dolson Appliances for the coming year is 117,000 units.
What is sales budget?A sales budget is a financial plan for a given period of time that allocates expected revenue to different sales activities and sets revenue targets for a business. It is an important tool for a company to set its sales objectives, develop strategies, and forecast future sales performance. The budget helps to identify potential areas of growth, identify areas where more resources need to be allocated, and track performance against goals.
This is calculated by subtracting the beginning inventory of 10,000 units and the desired ending inventory of 8,000 units from the production budget of 125,000 units. This leaves a sales budget of 117,000 units.
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you decide to group employees based on what they know. what basis for grouping employees will you use?
As one have decided to group employees based on what they know. The type of basis for grouping employees, in this case, will be based on employee knowledge and skills.
What are bases for grouping employees?The bases for grouping employees are as follows:
Employee knowledge and skills: Employees are classified based on their knowledge; for example, pharmaceutical companies have departments such as oncology and genetics.Employees are classified according to their business function; for example, many organizations have departments of human resources, marketing, and research and development.Work process: Employees are classified according to the activities they perform; for example, a retailer may have separate retail store and online departments to reflect two distinct sales processes.Read more about employees
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In which service model, cloud consumer is responsible to manage authorizations and entitlements only
A SaaS provider is responsible for perimeter security, logging/monitoring/auditing, and application security, while the consumer may only be able to manage authorization and entitlements.
What is SaaS provider?Software as a service is a method of distributing and licencing software that uses centralised hosting and subscription-based licencing. In addition to "on demand software," SaaS is sometimes referred to as web-based or web-hosted software. Software as a Service (SaaS) is a cloud-based software delivery model in which the cloud service provider creates and maintains cloud application software, offers automatic software upgrades, and makes software accessible to its clients via the internet on a pay-as-you-go basis.SaaS lays the most accountability on the CSP out of the three deployment options. Customers are only in charge of overseeing data management and user access/identity rights because the CSP manages the complete infrastructure as well as the applications.To learn more about SaaS provider refer to:
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Collection of a $1,500 Accounts Receivable Select one:a. decreases a liability $1,500; increases owner's equity $1,500. b. increases an asset $1,500; decreases a liability $1,500. c. increases an asset $1,500; decreases an asset $1,500. d. decreases an asset $1,500; decreases a liability $1,500
The amount of an asset that is increased or decreased by the collection of an accounts receivable of $1,500 is $1,500.
What do you meant by Accounts Receivable ?According to the direct right off method of writing off uncollectible accounts, growing and decreasing stockholders are the results of the accounting equation when writing off a customer's account. Investment cost. When assets and liabilities rise, assets also rise, resulting in a decline in stockholders' equity, assets, and assets. The right response is a decline in liabilities and assets.
Customers who have received products or services from a business but haven't yet made payment are said to have accounts receivable. For instance, when clients buy goods on credit, the outstanding balance is added to the accounts receivable. It is a duty resulting from a commercial transaction. In a balance sheet, the current assets section includes a list of accounts receivable.
Therefore the correct answer is option c ) increases an asset $1,500; decreases an asset $1,500
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Cost Of Goods Sold Budget Definition
The cost of goods sold budget is an important part of a company’s operating budget. The Factory Overhead Cost Budget, Direct Labor Cost Budget, and Direct Material Purchases Budget are the initial point for creating the Cost of Goods Sold Budget or we can say COGS budget breaks various components of a company’s cost of sales. The inventory left at the end of the year and the estimated beginning inventories are added to these data to find out the budgeted cost of the goods sold.
The cost of goods sold (GOGS) is the sum of all direct cost associated with making a product. It appears on an income statement and typically includes money spent on raw materials and labour.
What are COGS?One of the several formulas, such as specific identification, first-in-first-out (FIFO), or average cost, is used to correlate costs with specific commodities. The total cost of transporting the inventory to their current location and condition includes all acquisition prices, conversion charges, and other costs. Materials, labor, and allotted overhead are included in the costs of the commodities produced by the company. Until the inventory is sold or its value is written down, the costs of those things that have not yet been sold are postponed as expenses of inventory. Many companies market products that they have either created or purchased. The expenditures related to such products are capitalized as component of inventory (or stock) of goods when they are purchased or produced.
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Target Marketing Now that you've conducted marketing research, you want to determine the target market for the new service. How would you best describe the demographic variables for this target market? Rank the demographic variables indicated from "best" to "worst" by dragging the variable into the appropriate rank, and then click Submit. Age Best Income Best Gender Best Under 30 Less than $25,000 Male 30-45 $25,000-$50,000 Female 46-60 $50,001-$75,000 Worst Over 60 Above $75,000 Worst Worst Submit s Previous Next
You properly recognized the majority of the items when asked to order the variables from best to worst.
What kind of market research would you conduct to determine the target market for the product of choice?Using market research, a company can pinpoint its ideal clientele and learn more about their interest in the product or service from consumer feedback and other sources. Internally, by the company itself, or by a third-party market research company, this type of study can be conducted.
How can a target market be located and picked in the most effective way?To successfully define your target market, you'll need to do some research. By gathering statistics and other market research data, you may make marketing decisions and better understand your potential customers and their needs.
In market research, how may a target market be identified?Think about your offerings. Think about the problems your products and services are designed to solve as well as the target demographics.analyze the market.Create client profiles and market segmentations.Analyze your adversaries.Learn more about market research: https://brainly.com/question/28590582
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a woman marries her butler. before they were married, she paid him $60,000 per year. he continues to wait on her as before (but as a husband rather than as a wage earner). she earns $1,000,000 per year both before and after her marriage. the marriage:
Measured the sum of all final economic activity Leave GDP unchanged
briefly:The Husband now falls under the heading of "values of services not paid for," which is why. These services are not taken into consideration or included in the GDP calculation.
In the event that the butler marries the woman, he ceases to be her employer and the services he now renders as her husband are not recorded as final economic activity; as a result, the GDP first declines by $60,000 before remaining unchanged.
What does it signify if the GDP stays the same?Gross domestic product (GDP) at constant prices is a measure of GDP's volume. By expressing values in terms of a base period, one can derive constant price estimates of GDP.
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Question:-
A woman marries her butler. Before they were married, she paid him $60,000 per year. He continues to wait on her as before (but as a husband rather than as a wage earner). She earns $1,000,000 per year both before and after her marriage. If GDP were changed so that it truly measured the sum of all final economic activity, the marriage would: first decrease and then increase GDP.
decrease GDP.
increase GDP.
leave GDP unchanged.
a. Explain the typical shapes of the marginal-benefit and marginal-cost curves. The marginal-benefit curve is upward sloping. The marginal-cost curve is (Click to select) sloping. b. With these curves, the optimal allocation of resources to a particular product will occur when (Click to select) . c. If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product
The marginal cost of producing an additional unit of a particular good will rise in proportion to the quantity produced, according to the law of increasing opportunity.
It comes to the conclusion that the marginal cost of each additional unit will rise as a result of the increase in production quantity. As a result, the marginal cost curve would have a slope that goes up.
On the other hand, as more goods are produced, the marginal benefit from an additional unit decreases. As a result, the marginal benefit curve would be skewed downward.
More resources will be required as a result of an increase in the quantity of goods produced. With an increase in the quantity produced of a specific good, the marginal benefit decreases while the marginal cost rises.
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Retailing involves not only the sale of products, but also the sale of services. Which of the following is a service retailer
When you file your federal income tax you may take a subtraction from your taxable income called an exemption for each person legally defined as youra. tenant.b. childc. parentd. dependent.
You may only claim one exemption for yourself if you cannot be claimed as a dependent on the return of any other taxpayer, regardless of whether that taxpayer chooses to claim you.
a)Your
Therefore, whether income is earned legitimately or illegally, it will typically be subject to the same Federal income tax regulations. Whether a person qualifies for personal exemptions depends on their legal status, the number of dependents they have, and other factors.
In order to be exempt from withholding, you must satisfy both of the requirements listed below: You had no federal income tax debt from the preceding tax year. You don't anticipate owing any federal income tax obligations throughout this tax year.
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A patent was purchased for $15,000 and expected to be used for the 10-year life with no salvage value. The entry to expense the patent during the second year of life will include which of the following entries
To expense the patent during its second year of life, the following entries will represent a Debit to Amortization Expense of $1,000 and a Credit to Accumulated Amortization of $1,000.
The accounting procedure known as amortization allows the book value of a loan or an intangible asset to be gradually decreased over a certain period of time. Loan amortization focuses on extending loan payments over time. When used on a piece of property, amortization is similar to depreciation. To expense the patent during its second year of life, the following entries will represent a Debit to Amortization Expense of $1,000 and a Credit to Accumulated Amortization of $1,000.
The term "amortization" is used in two different contexts. First, through repeated principal and interest payments, amortization is a method used to gradually pay off debt. To make regular payments against a loan's outstanding balance, employ an amortization schedule.
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A customer has made several trouble calls to the help desk and is very irate. The technician that receives the call has learned that the issue has not yet been resolved. The technician politely asks the customer to explain the issue, and learns that the problem needs to be escalated. Which of the following should the technician do once the problem has been escalated
If the technician decides to transfer the call after the issue has been escalated, they should inform the consumer of the status and ensure a successful transfer.
What does the status "Communicate" mean?In actuality, there is a link between status and communication. For instance, communication quality declines as the perceived status gap between supervisors and subordinates widens. In other words, communication suffers as the status gaps widen, and vice versa.The results of audiometric tests and questionnaires are used in this CORE model component to ascertain the client's communication limits.To learn more about Communicate status refer:https://brainly.com/question/19088349
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Benefits to which every eligible person has a legal right and the governinent cannot deny are provided by which of the following programa? a. Farmarks b. Retroactive policies c. Entitlements d. Discretionary spending de Controllable spending
The Benefits of every eligible person has a legal right and the governinent cannot deny are provided by c. Entitlements following programa.
Entitlements refer to government programs or benefits to which citizens or legal residents are entitled by law. Examples include Social Security, Medicare, and Medicaid in the United States, and the National Health Service in the United Kingdom. These programs provide financial assistance or services such as health care and retirement benefits to eligible individuals. Entitlement programs are typically funded through tax revenues and are intended to provide a safety net for citizens in need.
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entrepreneurs are more likely than large corporations to capitalize on innovations because: entrepreneurs are more likely to find grants for research. entrepreneurs have more time to be creative. larger corporations may be too focused on existing products. larger corporations must satisfy stockholders and cannot tak
Entrepreneurs are more likely than large corporations to capitalize on innovations because larger corporations may be too focused on existing products.
What exactly is an entrepreneur?
An entrepreneur is a person who has an idea, tries to turn that concept into a marketable product or service, and establishes a business to help them in their endeavor.
An entrepreneur, who typically assumes the majority of the risk and responsibility for their new company, is seen as a visionary or an inventor.
What makes anything an entrepreneur?
Entreprendre, a French verb from the thirteenth century that means "to accomplish something" or "to undertake," is where the word "entrepreneur" comes from.
By the sixteenth century, a person starting a business enterprise was referred to as an entrepreneur using the noun form.
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Joachim enters an interview, and the interviewer says, “Tell us about yourself.” How should Joachim respond in a way that is MOST likely to get him hired?
A.
He should share some recent personal problems he is dealing with.
B.
He should talk about his strengths and how they would fit the company.
C.
He should restate many of the highlights from his resume.
D.
He should tell them the entire story of his life starting at birth.
Answer:
B, I believe.
Explanation:
Answers A and D seem inappropriate, it's not necessary that the interviewer hears about this. Not D, He shouldn't need to repeat to the interviewer what they've already read. B would help convince the interviewer that he's a good choice for the position he is applying for.
which of the following do organizations use in supplier evaluation and certification processes. a. consumer sales b. logistics c. tracking service quality d. inventory turnover ratio
Potential vendors are evaluated and approved using both quantitative and qualitative criteria in a supplier review. A list of the top providers is being compiled with that as its goal.
The Correct Answer is Option C. tracking service quality.
What is a Supplier Evaluation?A supplier review also looks at the performance of the company's current suppliers in order to cut costs, manage risks, and promote development.To conduct a supplier assessment that takes sustainability practices into account, there are various alternative approaches:Evaluating the knowledge and aspirations of management and staff using questionnaires;Scorecards that evaluate the success of a company's sustainability principles;Inspecting the firm in question on-site with qualified inspectors;Standard certificates issued by other parties.The goal of the EcoVadis supplier assessment is to rate a business's sustainability management system according to its policies, implementation procedures, and outcomes.To Learn more About Potential vendor refer To:
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which of the nine conflict management and resolution rules recommends that supply chain managers be aware that geographic, ethnic, and corporate differences exist?
The sixth rule of conflict management and resolution for supply chain managers recommends being aware of geographic, ethnic, and corporate differences. It is important that the manager respects these differences and is open to understanding them.
This means that managers should be aware that different countries, cultures and businesses have different perspectives and approaches to business. A manager should be aware that these differences can lead to potential conflicts and plan accordingly to minimize their impact. For example, negotiating a contract in another country may require a different approach than negotiating a contract in the same country. Understanding and respecting the differences between countries, cultures and businesses can help prevent and resolve conflicts that arise.
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luke invested $86,000 in an account paying an interest rate of 5(5/8)% compounded continuously. alexander invested $86,000 in an account paying an interest rate of 5(1/8%) compounded annually. after 8 years, how much more money would alexander have in his account than luke, to the nearest dollar?
Alexander's account would have earned $83,453 and Luke's account would have earned $80,906, resulting in a difference of $2,547.
What is account?An account is a record of financial transactions that is kept by an individual or business. Accounts are used to track and document income, expenses, assets, liabilities, and equity. Accounts are typically organized into categories such as income, expenses, assets, and liabilities. Financial records are used to track and report on the financial performance of a business.
Alexander would have $2,547 more than Luke after 8 years. This is because the account with a lower interest rate compounded annually would have a lower rate of growth than the account with the higher interest rate compounded continuously. After 8 years, Alexander's account would have grown by 5.125% (5.125% compounded annually for 8 years), whereas Luke's account would have grown by 6.4%. Thus, Alexander's account would have earned $83,453 and Luke's account would have earned $80,906, resulting in a difference of $2,547.
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supposedly, two great truths prevail inside marketing. first, the most precious resource in today's noisy, crowded markets is customers' attention. second, consumers don't just seek utility (usefulness, or pure problem-solving ability) from products they buy; consumers often also seek meaning. are both statements true?
YES, both the given statements "customers' attention is the most valuable resource in today's clamorous, crowded markets" and "consumers frequently seek meaning in the items they purchase in addition to utility (usefulness, or simple problem-solving abilities)" are true.
What is utility?The utility is a concept in economics that is used to simulate worth or value. Its application has drastically changed over time.
Moral philosophers like Jeremy Bentham and John Stuart Mill first used the phrase to define pleasure or happiness as a component of the utilitarianism hypothesis.
Within neoclassical economics, which dominates contemporary economic theory, the phrase has been modified and repurposed to refer to a utility function that expresses a single consumer's preference for ordering over a choice set but is not comparable across individuals.
So, we know that both the given sentences are correct.
Therefore, YES, both the given statements "customers' attention is the most valuable resource in today's clamorous, crowded markets" and "consumers frequently seek meaning in the items they purchase in addition to utility (usefulness, or simple problem-solving abilities)" are true.
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Identify the key value driver for Uber.Think about the following when answering the question.- What do you know about Uber's business profile?- In your view, which factor(s) would have the most significant impact on the future value of the business?- SWOT and Porter's five forces analyses of Uber are generally conducted in the practice.Note: Value drivers are variables that exert the greatest impact on firm growth, future prospectus, and firm value.
Service distinction is the key value driver which is the main value-creator for Uber.
Uber offers services like convenient booking by connecting with users through digital media. Customers can now hire a cab whenever they want, from anywhere. Technology and consumer satisfaction are two factors that drive value for Uber.
Uber's network has expanded to other nations. It offers customers the option to book cabs of various categories, ranging from luxury to sedan automobiles. The level of service offered to clients through technology interface and personal interface, such as cab drivers, will have an impact on the future value of the company. Uber may aim to improve customer loyalty and happiness by adapting its business model to various market types and educating its workforce to provide high-level customer care.
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End of Chapter Problem During the economic collapse of 2020 many people had concerns about the stability of the financial system. As employment fell, many residents were unable to make mortgage, rent, car, or credit card payments. Many wondered: would we see another financial panic, like what occurred following the housing collapse in 2009
Maintaining the stability of the financial system is a longstanding responsibility of the Reserve Bank.
What is financial system ?A financial system is the set of global, regional, or firm-specific institutions and practices used to facilitate the exchange of funds. Financial systems can be organized using market principles, central planning, or a hybrid of both.
A financial system functions as an intermediary between savers and investors. It facilitates the flow of funds from the areas of surplus to the areas of deficit. It is concerned about the money, credit and finance. These three parts are very closely interrelated with each other and depend on each other.
Meaning of Indian financial system. The financial system enables lenders and borrowers to exchange funds. India has a financial system that is controlled by independent regulators in the sectors of insurance, banking, capital markets and various services sectors.
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in the late nineteenth century, the writer henry george argued in favor of select one: a. taxing only the richest americans. b. a single land tax to replace all other taxes. c. government efforts to increase land values. d. heavier taxes on the raw materials of industry. e. abolishing all taxes.
In the late nineteenth century, the writer Henry George argued for a single land tax to replace all other levies. Thus, the correct answer is (b) a single land tax to replace all other taxes.
What exactly was Henry George's single tax?A single tax system is a taxation system that is based mostly or entirely on one tax, often chosen for its unique qualities, and is frequently a tax on land value.
Henry George advocated that the government should fund all of its programs with profits from a single tax. This single tax would be levied on the unimproved value of the property—the worth of the land if it were in its natural condition, with no buildings, landscaping, or other improvements. In the late nineteenth and early twentieth centuries, a populist single tax movement formed that, for quite different reasons, aimed to collect a single tax on the rental value of land and natural resources.
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n an activity-based costing (abc) system, cost reduction is accomplished by identifying and eliminating which of the following? (cpa adapted) all cost driversnonvalue-added activities a.nono b.yesyes c.noyes d.yesno
Cost reduction in an activity-based costing system is achieved by locating and removing: All activity would end if all cost drivers were taken away. Costs might be cut by eliminating non-value-adding activities.
What are a few cost-driver illustrations?The number of customer contacts made, the number of engineering change orders given, the number of machine hours consumed, and the number of product returns from consumers are a few examples of cost drivers.
What are the key three cost factors?The three primary categories of costs that are taken into consideration during the manufacturing process are direct materials, direct labor, and overhead. There are a few exceptions, including certain automated manufacturing companies that do not incur direct labor costs and some service industries that do not incur direct material costs.
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how many workers should be picking in order to ship 110,550 units for the shift?required question. 35 51 92 275 402
402 is the workers should be picking in order to ship 110,550 units for the shift. Hence, option E is correct.
What is picking in order?Order picking is the process of obtaining the items indicated in an order from the appropriate warehouses. It is the initial step in completing a customer's order, thus it is crucial that it go off without a hitch in order for the subsequent stages to be successful—order packing, shipping, and post-sale activities.
The organization that takes place in distribution centres is referred to as "picking" in the logistics industry. Here, various products are kept in storage; their whereabouts are determined, and the units we need are removed for upcoming shipping.
Thus, option E is correct.
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In which of the following scenarios would any delay in performance most likely be deemed a material breach
The following scenarios would any delay in performance most likely be deemed a material breach is delay in Mercantile contract.
What is Mercantile contract?Merchant law" is another term that is synonymous with "commercial law," which refers to the laws that govern disputes and transactions between individuals and businesses engaged in commercial activities. These activities include trade, financing, merchandising, the sale and distribution of goods, and the use of negotiable instruments.
These commercial laws are codified in the Uniform Commercial Code (UCC) which is adopted by all 50 states and has significant overlap with the fields of contract and property law. The law that governs all business-related transactions, including contracts, sales, buying and selling, as well as transportation. This area of law also covers responsibilities and rights that arise from business transactions.
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The complete question is :
In which of the following scenarios would any delay in performance most likely be deemed a material breach
delay in Mercantile contract
no Mercantile contract
immediate Mercantile contract
on january 1, dell inc. contracted with the city of little to provide custom built desks for the city schools. the contract made dell the city's sole supplier and required dell to supply no fewer than 4,000 desks and no more than 5,500 desks per year for two years. in turn, little agreed to pay a fixed price of $110 per desk. during the year, dell produced 5,000 desks for little. at december 31, 500 of these desks were segregated from the regular inventory and were accepted and awaiting pickup by little. little paid dell $450,000 during the year. what amount should dell recognize as contract revenue in this year?
Dell should recognize $550,000 of this year's contract revenue.
How are contract revenues determined?Depending on the type of business, percentage of completion can alternatively be calculated using units or work hours rather than money.
What does revenue from client contracts mean?IFRS 15: International Financial Reporting Standard The International Accounting Standards Board created Revenue from Contracts with Customers to provide a single comprehensive revenue recognition model for all contracts with customers and to enhance comparability within and between industries.
When in a contract should revenue be recognized?The revenue recognition principle essentially states that revenues are recorded by businesses when the service or good is deemed supplied to the client rather than when the money is received. It can take longer and more in-depth investigation than one would think to determine what counts as a transaction.
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