deep change in an organization involves tightening up documentation and reporting and reallocating resources. True
Deep organisational transformation often entails more than just resource reallocation and tighter reporting and documentation requirements. It frequently entails considerable adjustments to the organization's strategy, culture, and organisational structure. A change in the organization's mission or values, adjustments to the way work is done, the adoption of new technology, or the launch of new goods or services are a few examples of what this may include. Deep change may be difficult and needs the participation and dedication of the whole company. It frequently calls for a thorough and coordinated strategy that involves a clear grasp of the present situation, a clear vision of the ideal future situation, and a step-by-step plan to get there. This procedure might be difficult, it could also call for the acquisition of new abilities.
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Which 3 of these are among the details in transactions imported by using the App transactions tab in QuickBooks Online? Customer nameQuantityFee breakdownsCurrencyCustom fieldsBin locationBill of materials
Customer name, Quantity, and Currency are among the details that can be imported by using the App transactions tab in QuickBooks Online.
The App transactions tab in QuickBooks Online allows you to import transactions from other apps into QuickBooks. This can include things like sales, expenses, and invoices, depending on the app you are importing from. By using this tab, you can easily bring in detailed information such as customer name, quantities, and the currency of the transactions. This can save time and effort by eliminating the need to manually enter data into QuickBooks, and also help to ensure accuracy and consistency in your financial records. Other features that may be available through this tab depend on the app you are importing from, some apps can include breakdowns of fees, custom fields, bin location or bill of materials.
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semiscientific superconductors, a firm that produces goods and hires labor in competitive markets, should continue hiring workers until:
The marginal cost of hiring an additional worker is equal to the marginal revenue generated by that worker. That is, MPL*P=wage.
The borderline cost of hiring an fresh worker is equal to the borderline profit generated by that worker. This is because, in competitive requests, enterprises should strive to maximize their gains by hiring workers until the cost of hiring an fresh worker is equal to the profit generated by that worker. This ensures that the establishment is making the most effective use of its coffers and maximizing its gains. The borderline cost of labor ( MCL) is the fresh cost incurred by enterprises for employing fresh units of labor. The borderline cost of labor ( MCL) is just equal to the pay envelope rate for a impeccably competitive establishment, but the borderline cost of labor (MCL) is lesser than the pay envelope rate for any unit of labor employment under a monopsony labor request.
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Why are Listening, Empathy, and Awareness order of importance, and why?
Listening, empathy, and awareness are considered to be of order of importance in communication, relationships, and in general personal and professional interactions for the following reasons:
Listening: Being an active listener is crucial in understanding the other person's perspective, needs and feelings. By listening actively, one can ensure that the message is understood, and can respond accordingly. It also establishes trust and respect and helps to build a positive relationship.
Empathy: Empathy is the ability to understand and share the feelings of another person. It helps in establishing a deeper connection and understanding with the other person, and in building trust and rapport. It also allows for more effective problem solving and decision making.
Awareness: Being aware of one's own thoughts, feelings, and actions is important in understanding how they might be perceived by others. It helps to avoid misunderstandings and conflicts, and to respond in a way that is more likely to be effective. It also allows for self-reflection and personal growth.
These three elements are interconnected, and when combined, they form a powerful tool to build effective and healthy relationships and communication. They allow for better understanding, better problem-solving, and they help in creating a positive, empathetic and understanding environment.
Handy Home sells windows (80% of sales) and doors (20% of sales). The selling price of each window is $200 and of each door is $500. The variable cost of each window is $125 and of each door is $350. Fixed costs are $720,000.
The selling price per composite unit of Handy Home is $260.
What is selling price?A good or service's selling price is the whole cost that the vendor has established, or the money that the consumer pays. The trade could concern a specific amount, weight, or measurement of a good or service. It is one of the most crucial elements a business must consider. It is crucial since it determines whether it will survive or not. The number of units sold directly correlates with the price of a product. We can choose between three price points: the minimum, the highest, and the average of the two. We can establish prices based on the region, market, season, and time of year. It's a good idea to keep an eye on what our competitors are doing. Local or federal rules and regulations may have an impact on selling prices.
weighted average selling price= (selling price* weighted sales)
weighted average selling price= (0.8*200) + (0.2*500) = $260
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Complete Question:
Handy Home sells windows and doors in the ratio of 8:2 (windows: doors). The selling price of each window is $200 and of each door is $500. The variable cost of a window is $125 and of a door is $350. Fixed costs are $720,000.
(1) Determine the selling price per composite unit.
In the context of modes of international market entry, which of the following statements is true of licensing and franchising?
A. It is easy to extract knowledge for use in other locations through this mode.
B. It can increase the cost of selling in a foreign market.
C. It involves the risk of a local firm in alliance to become a competitor.
D. It offers the highest amount of control of all the various modes of entry.
Answer:
An international licensing agreement allows foreign firms, either exclusively or non-exclusively, to manufacture a proprietor’s product for a fixed term in a specific market. To summarize, in this foreign market entry mode, a licensor in the home country makes limited rights or resources available to the licensee in the host country.
The five major ways of entering a foreign market are exporting, licensing, franchising, forming joint ventures or establishing a wholly owned subsidiary. Licensing is an arrangement in which a company (licensor) sells the right to use intellectual property or produce a company's product to the licensee, for royalty.
The three primary factors that affect a company's choice of international market entry strategy are: Marketing: Companies consider which countries contain their target market and how they would market their product to this segment. Sourcing: Companies choose whether to produce the products, buy them or work with a manufacturer overseas.
License : The legal terms under which a person is allowed to use a product. Suppose Company A, a manufacturer and seller of Baubles, was based in the US and wanted to expand to the Chinese market with an international business license.
thus option C is right
Explanation:
assume an economy produces two goods, capital goods and consumer goods. if the production of capital goods increases in the current period, which of the following will occur for the current and future production possibilities curve (ppc) for consumer goods and capital goods? A movement along the current PPC and a leftward shift of the future PPC
A movement along the current PPC and a rightward shift of the future PPC
A rightward shift of the current PPC and a leftward shift of the future PPC
A rightward shift of the current PPC and a rightward shift of the future PPC
A movement along the current PPC and a rightward shift of the future PPC will occur for the current and future production possibilities curve for consumer goods and capital goods.
The PPC is an arc on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. The maximum output of two items with a fixed amount of input is measured by a production possibilities curve. The four variables of production—natural assets, labor, capital equipment, and entrepreneurship, combine to make up the input. The cost of society choosing between two different items is shown by the production possibility curve. The maximum quality of life is possible for an economy when it runs at the frontier of production possibilities or the very tip of this curve. This is because it is creating as much as it can with the resources it has available. All of the materials are not being utilised if the quantity produced falls inside the curve.
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True or False: A highly competitive marketplace in which consumers have many alternatives is more likely to provide better customer service than a marketplace with little competition.
The correct answer to this question is true. A highly competitive marketplace in which consumers have many alternatives is more likely to provide better customer service than a marketplace with little competition.
A market is a group of economics-related processes that permit the exchange of goods and services between parties. While most markets rely on sellers offering their products or services to customers in exchange for cash, parties may also trade goods and services for one another in a barter system. In several regions of the world, a market is known as a souk, bazaar, stationary mercado, itinerant tianguis, or palengke.
The act of providing support to both new and existing customers is known as customer service.
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Which of the following statements are TRUE about Eurodollar bonds?
I. the bonds are issued in the US
II. the bonds are issued outside the US
III. the purchasers are US residents
IV. the purchasers are foreign residents
The statement which is true about Eurodollar bonds are the bonds are issued outside the US and the purchasers are foreign residents. The correct option is second and fourth.
The Eurodollar bonds are those bonds which is a United States dollar denomination bond is issued by the overseas company and that held in a foreign institution outside both the United States and the issuer's or provider home country.
The Eurodollar bonds is issued by the organization or company to get foreign currency funding at preferable rates and terms. That's why, The Eurodollar bonds are true for the purchasers are foreign residents.
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examples of informal, normative institutions would include local town/city governments and the u.s. government.
False; The UN is informal and normative. Shared norms are used to influence members' behavior, and compliance is based on social responsibilities. Formal institutions are those having the power to tax and enforce the law.
What role does the UN play in the formation of a country's social and economic structure?It brings together governments, global financial institutions, donors from all over the world, and countries that contribute troops. It facilitates resource gathering and offers suggestions for initiatives that will advance peace and recovery. The United Nations Peacebuilding Fund's quick and flexible funding has allowed it to support 222 initiatives in 22 different countries.
What are the roles and duties of the UN, and how significant are they?The United Nations is an international organization founded by 51 nations with the goals of upholding international peace and security, fostering goodwill among nations, and advancing social progress, improved living conditions, and human rights. In 1945, following the Second World War, the United Nations was created.
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A TIPS bond is issued in the principal amount of $1,000, paying 3.5%. Over the security's 5-year term, the inflation rate is 4%. What is the amount of the final semiannual interest check?
A) $42.66
B) $17.50
C) $21.33
D) $35.00
you need to improve the taste and texture of the pizza. which of the following should you do? check all that apply. outsource the production of the product to a vendor. involve employees to ensure pizzas are made right. reduce cycle time. improve the materials used to create the product.
To guarantee that pizzas are manufactured properly, pay attention to the ingredients used in their production and include the workers in the process. Outsourcing lowers a product's quality, thus it shouldn't be done.
Because high-quality ingredients are employed, a high-quality output will result. Make sure that the right pizzas are created by involving the staff. One of the numerous duties assigned to the marketing division is to enhance product quality. More specifically, the product manager should handle this. The value chain influences the product's quality. A marketing manager must understand the value chain from the conception of a product idea to the disposal and potential recycling of the waste product in order to enhance the product quality. Outsourcing is the process of using a second party from a different business to perform duties or create goods that were effectively finished internally by the business's own staff members.
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the domestic supply and demand for recreational vehicles (rvs) in the united states. suppose the world price equals $50,000, and there is free trade. in the united states, consumer surplus would , and producer surplus would .
A. import 6 million
B. export 6 million
C. export 2 million
D. import 2 million
In the united states, consumer surplus would , and producer surplus would B. export 6 million.
What occurs if domestic prices are higher than global prices?Since the global price is greater than the domestic price, producers will keep selling there until the domestic price catches up to the global price, which will cause domestic demand to decline.
Due to its tiny size in comparison to global markets, the domestic market is a price taker, and neither its production nor consumption affects global prices. Therefore, the nation uses the international price as the domestic price for any good, service, or resource.
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Each of the following issues must be addressed by flood mitigation strategies. For which issue is it the most difficult to assign monetary values to the costs and benefits of the flood mitigation strategy?O protecting infrastructure
O protecting communication systems
O protecting homes and businesses
O protecting ecosystems
Protecting infrastructure issue is it the most difficult to assign monetary values to the costs and benefits of the flood mitigation strategy
Hence, Option A is correct
Flood mitigation at the property level may also entail preventive measures aimed at the construction site, such as scour protection for shoreline developments, improving rainwater infiltration through the use of permeable paving materials and grading away from structures, and incorporation of berms, wetlands, or swales.In order to prevent shoreline erosion, a seawall effectively increases the height that water can reach. In order to ensure adequate erosion control, you can add a barrier between the soil and the water. In this manner, you can prevent having less land after a flood by having your shoreline intact.To know more about flood here
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When you see perfume or aftershave for sale on a grocery store, what are your perceptions about it's quality? How does that perception change the perfume or aftershave for sale in a high-end department store?
When I notice aftershave or perfume on sale in a grocery shop, these are my impressions of its quality:
the odour of the perfume should be pleasing.it should be easily affordable.it should be less expensive.it should not have any side effects.How does that perception change the perfume or aftershave for sale in a high-end department store?Following are some ways in which the aforementioned viewpoint alters the perfume or aftershave offered for sale in a high-end department store:
If the perfume or aftershave is authentic and of good quality, demand and supply will both grow. Sales in upscale department stores will also rise.If nice and appropriate raw materials are employed in the perfume or aftershave, customers will learn about it and the sale at a high end department shop will increase.If a perfume has a pleasing aroma, demand and supply will rise, which will improve sales in a high-end department store.In a high end department store, the sale of a product will increase if it is less priced, more accessible, and has fewer adverse effects.To know more about, demand, visit :
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is the most widely used network media today due to low cost, manageability and high performance over short distances.
Ethernet is the most widely used network media today due to its low cost, manageability, and high performance over short distances.
Ethernet is a standard local area network (LAN) technology used to connect computers and other network devices. It is a widely adopted technology that uses a bus or star topology and supports data transfer rates of 10 Mbps, 100 Mbps, and 1 Gbps.
Ethernet uses a protocol known as CSMA/CD (carrier sense multiple access with collision detection) to detect and avoid data collision on the shared medium. Ethernet cables are available in different types, such as coaxial cable, twisted pair, and fiber optic cable.
Coaxial cable is the most commonly used for short distances, and twisted pair is used for longer distances. Fiber optics is used for even longer distances. Ethernet is highly reliable, cost effective, and easy to configure and manage. It is also widely accepted, making it the most popular network media choice today.
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The inventory of Royal Decking consisted of five products. Information about the December 31, 2021, inventory is as follows:
Per Unit
Product Cost Replacement Cost Selling Price
A $ 53 $ 48 $ 73
B 93 83 113
C 53 68 93
D 113 83 143
E 33 41 43
Selling costs consist of a sales commission equal to 15% of selling price and shipping costs equal to 5% of cost. The normal profit is 35% of selling price.
Required:
What unit value should Royal Decking use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory? (Do not round intermediate calculations. Round final answers to 2 decimal places.)
Note that the unit value that Royal Decking should use for each of its products when applying the lower of cost or market (LCM) rule to units of ending inventory are:
Product A: $73Product B: $113Product C: $93Product D: $143Product E: $43.What is the LCM Rule?The LCM rule states that the lower of cost of an item or its market value should be used for valuing ending inventory. To apply this rule, we first need to determine the market value for each product.
Note that the market value for each product can be derived as follows:
For each product, we'll compare the two values and use the lower one as the market value.
Product A:
Cost: $53
Selling price: $73
Selling costs: $73 * 0.15 = $10.95 + $53 * 0.05 = $2.65
Normal profit: $73 * 0.35 = $25.55
Market value (2): $53 + $25.55 + $10.95 + $2.65 = $92.15
Market value to use: min(selling price, market value (2)) = min($73, $92.15) = $73
Product B:
Cost: $93
Selling price: $113
Selling costs: $113 * 0.15 = $16.95 + $93 * 0.05 = $4.65
Normal profit: $113 * 0.35 = $39.55
Market value (2): $93 + $39.55 + $16.95 + $4.65 = $154.15
Market value to use: min(selling price, market value (2)) = min($113, $154.15) = $113
Product C:
Cost: $53
Selling price: $93
Selling costs: $93 * 0.15 = $13.95 + $53 * 0.05 = $2.65
Normal profit: $93 * 0.35 = $32.55
Market value (2): $53 + $32.55 + $13.95 + $2.65 = $102.15
Market value to use: min(selling price, market value (2)) = min($93, $102.15) = $93
Product D:
Cost: $113
Selling price: $143
Selling costs: $143 * 0.15 = $21.45 + $113 * 0.05 = $5.65
Normal profit: $143 * 0.35 = $50.05
Market value (2): $113 + $50.05 + $21.45 + $5.65 = $190.15
Market value to use: min(selling price, market value (2)) = min($143, $190.15) = $143
Product E:
Cost: $33
Selling price: $43
Selling costs: $43 * 0.15 = $6.45 + $33 * 0.05 = $1.65
Normal profit: $43 * 0.35 = $15.05
Market value (2): $33 + $15.05 + $6.45 + $1.65 = $56.15
Market value to use: min(selling price, market value (2)) = min($43, $56.15) = $43
Thus, it is correct to state that the unit value that Royal Decking should use for each of its products when applying the LCM rule to units of ending inventory is:
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project a will cost $250,000 to complete and is expected to have an annual net cash flow of $75,000. project b will cost $150,000 to complete and should generate annual net cash flows of $52,000. as a small company, the owner and senior management team are very concerned about their cash flow.
Project B is better due to a shorter payback period.
Project A cost = $250,000
Annual net Cash flow = $75,000.
Project B cost = $150,000
Annual net Cash flow = $52,000
The duration during which investment funds are recovered is specified by the payback period. Even net cash flow indicates that there are more positive cash inflows than negative cash outflows.
Determining the payback period for project A -
= Total cost of project A / Annual net cash flow
= 2,50,000/ 75,000
= 3.3
Determining the payback period for project B -
= Total cost of project A / Annual net cash flow
= 1,50,000/ 52,000
= 2.9
The payback for project A is 3.3 and for the project, B is 2.9
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Ahmed is moving to a tiny house. He is selling much of his personal property, as all of his possessions will not fit in his new home. Which of the following is NOT an example of a piece of personal property Ahmed is selling?
The item which is not an example of a piece of personal property which Ahmed is selling is his garage, where he keeps his vehicles.
When Ahmed decides to shift to a tiny house, he reconsiders on the quantity of material which he possesses and identifies that not enough of it could be accommodated in the new house. So either he has to sell the bigger items and procure new smaller versions of them or leave them as such because in the end he could take with him only limited items. Garage is not considered as personal property, rather it is part of the house itself. He may not able to shift it or reduce its size, he can just his vehicle out of it. So it is not considered as piece of personal property. Other personal property can be furniture, electronics, clothes etc.
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The information about the problems that advertising has to solve comes from the marketing plan's _____.
The information about the problems that advertising has to solve comes from the marketing plan Traditional.
Advertisements can still be placed in publications like newspapers and magazines and through direct mail, but many people would like to invest their advertising budgets in digital marketing.
The 2017 State of Inbound Report lists the top marketing issues we encounter. Our survey identifies the top issues marketers face as being the generation of traffic, and prospects, and demonstrating ROI.
When promoting their goods or services, all businesses actually engage in some form of advertising, but in the technologically advanced business environment of today, the majority of that advertising takes place online on websites or social media.
Advertisements can still be placed in publications like newspapers and magazines and through direct mail, but many people would like to invest their advertising budgets in digital marketing.
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Alice is joining a new project. Her manager informs Alice that requirements of the project will be defined using progressive elloboration. Which of the following option best describes progressive eloboration?O The requirements of the project will be defined over a period of time in iterative fashion based upon feedback received.
O Requirements are unknown at this time and will be defined later.
O Requirements will be defined based upon discussions with the customer.
O Requirements will be defined based upon discussions with the subject matter expert.
Her director informs Alice that the design conditions will be defined using progressive elaboration. The design's conditions will be defined over time in an iterative fashion grounded upon feedback entered.
In the design operation world, the term “ progressive elaboration ” involves continuously adding, perfecting and detailing a plan as further specific information and more accurate estimates become available. Planning is an iterative process that's also precipitously developed. Throughout the design, the design platoon and the design director will readdress the planning processes to consider, update, and reply to conditions and circumstances within the design.
Progressive elaboration is an iterative process in design operation knowledge in which the details of the design operation plan and quantum of information will increase. This process includes original estimates of particulars similar to design compass description, planning, budget, etc. It will come more accurately.
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Using a perpetual inventory system, when a company records a sale of merchandise, it must also record ______. (Check all that apply.)a decrease in its inventoryCost of Goods Sold, which will be reported on the income statement
Using a perpetual inventory system, when a company records a sale of merchandise, it must also record a decrease in its inventory and cost of goods sold.
A perpetual inventory system is a method for tracking and recording stock levels in which every purchase and sale of merchandise is automatically and instantly registered. Every time a transaction occurs in this system, the program records a change in inventory levels in real time.
The first (or oldest) charges are withdrawn from the Inventory account and charged to the Cost of Goods Sold account under everlasting FIFO. As a result, the perpetual FIFO cost flow and the periodic FIFO cost flow will result in the same cost of goods sold and ending inventory.
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when consumption of a good generates a positive externality, which of the following must be true at the market equilibrium?
Marginal social benefit is less than marginal private cost.
What is Marginal social benefit?
The happiness felt by consumers of a particular good plus or minus the overall environmental and social costs or benefits is known as the marginal social benefit.
Marginal social benefits are greater than marginal private gains, for instance, if positive externalities of consumption exist. The most a consumer will spend on a supplementary commodity or service is what is known as a marginal benefit.
Which shape does the marginal social benefit curve take?
The demand curve is the marginal social benefit curve if only customers profit from a good or service. The advantage society gains by producing an extra unit of a good or service is known as the marginal social benefit.
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Vanya Inc.'s charter authorizes 1,000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 per share. The journal entry to record this transaction will include which of the following entries? (Check all that apply.)
a. Credit to Paid-In Capital, in Excess of Stated Value for $450.
b. Credit to Common Stock for $500.
c. Credit to Cash for $500.
d. Debit to Cash for $500.
e. Debit to Common Stock for $100.
f. Credit to Common Stock for $50.
The correct entries are b, c, and f. b. Credit to Common Stock for $500: This entry is used to record the issuance of the 50 shares of stock at the initial offering price, which is $10 per share ($10 x 50 shares = $500).
c. Credit to Cash for $500: This entry is used to record the proceeds from the sale of the 50 shares of stock.
f. Credit to Common Stock for $50: This entry is used to record the difference between the $1 per share stated value and the $10 per share initial offering price ($10 per share - $1 per share = $9 per share; $9 per share x 50 shares = $450).
This $450 is recorded as a credit to the Paid-In Capital, in Excess of Stated Value account, with a corresponding credit to the Common Stock account for the same amount.
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The GE Business Screen guides corporations in managing their portfolio of businesses by rating businesses on which two dimensions? Competitive position and strengths Strengths and weaknesses Industry attractiveness and opportunities Industry attractiveness and competitive position
By grading companies based on their Industry attractiveness and competitive position, the GE Business Screen assists corporations in managing their portfolio of businesses.
The Boston Matrix (BCG) has many drawbacks, including a dearth of reliable business information, a focus on commodity markets rather than brands or Strategic Business Units (SBUs), and a tendency for cash inflow to be a more appropriate predictor of position than market growth or share. The original purpose of the General Electric GE Business Screen was to assist managers and executives in overcoming these drawbacks. The framework got its name because General Electric (GE) recruited McKinsey & Company in 1970 to advise them on how to manage their extensive and intricate portfolio of strategic business units.
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if prepaid expenses are initially recorded in expense accounts and have not all been used at the end of the accounting period, the failure to make an adjusting entry will cause
If prepaid expenses are initially recorded in expense accounts, the failure to make an adjusting entry will cause assets to be understated.
Adjusting entries are journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred. They are often made at the end of an accounting period.
A deferral or prepaid expense, in accrual accounting, is any account where the income or expense is not recognized until a future date, e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, dependent on the type of deferral, as either an asset or liability.
In bookkeeping, an accounting period is the time period within which management accounts and financial statements are created. Accounting periods are typically monthly.
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in countries that follow , ownership of the expression of an idea cannot be sold or given away.
The ability to use, possess, and give away property is known as ownership.
What determines ownership?To use, possess, and give away something is to have ownership over it. A thing might be owned intangibly, like intellectual property rights, or it can be owned intangibly, like tangible goods like real estate and personal property.
Similar to a copyright, a patent is assumed to belong to the person who came up with the idea, created the work, or invented the innovative invention. A patent application must be submitted in the US by an inventor or group of inventors. Then, ownership may be transferred to a corporate body.
A person is said to be in possession of something if they own it, control it, or use it.
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When there are increases in attendance, stadium owners take advantage of fan passion by charging _____________ prices for concessions.
a) Premium
When there are increases in attendance, stadium owners take advantage of fan passion by charging higher prices for concessions.
When there is an increase in attendance at a sports game or event, the demand for concessions such as food, drinks, and merchandise also increases. Stadium owners take advantage of this increased demand by charging higher prices for concessions. This is because as the demand for a product or service increases, so does its price. The owners know that fans are passionate about the event and are willing to pay more for concessions, so they increase prices to take advantage of this. This is a common practice in many industries, and is known as price discrimination or price skimming.
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Canterbury Corp. has identified the following activities in its manufacturing process. Classify each cost as facility, product, batch, or unit level. Product design research Materials handling Machining Assembly of components Finished goods inventory storage Rework after a quality inspection Painting end product Raw materials inventory storage
The manufacturing process has been classified in the following activities:
Costs Classification
Product design research Product level
Materials handling Unit or batch level
Machining Unit level
Assembly of components Unit level
Finished goods inventory storage Facility level
Rework after a quality inspection Unit or batch level
Painting end product Unit level
Raw materials inventory storage Facility level
Process manufacturing is a method of producing items by combining supplies, components, or raw materials according to a formula or recipe. It is widely used in industries that produce large quantities of goods, such as those that produce food, beverages, refined oil, gasoline, pharmaceuticals, chemicals, and plastics.
Manufacturing entails making a process more efficient while it transforms certain resources into other resources, frequently with the intention of selling to a client.
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Managers engage in activities that help the organization achieve its goals. These activities can be grouped under four principal management functions: planning, organizing, leading, and controlling. This activity is important because each management function requires different skills and presents distinct challenges for managers.
The goal of this activity is to challenge your knowledge of the four principal functions of management.
Read each example and select the management function that it best represents.
1. Sariyah sets challenging sales targets for her team.
planning
2. Lindsay determined the best structure and reporting hierarchy for her firm based upon the company's strategic goals.
Organizing
3. Atticus spends a sizable portion of his day helping to resolve disagreements between employees in his organization.
Leading
4. Kellen is analyzing organizational data to determine why the firm is experiencing abnormally high employee turnover.
Controlling
A corpus of theories and practices on how to be a great manager includes these five functions.
What are the functions of management and their meaning?Planned, Organized, Staffed, Directing, and Controlling are Management's five primary duties. According to one definition, management is a process that takes place in society and is responsible for the efficient and cost-effective planning and regulation of an organization's day-to-day activities in order to achieve specific goals.
In all industries, there are four managerial functions that are common. Planned, organized, led, and controlled are some of them. Consider the four functions as a series of interconnected steps, each of which builds on the previous one.
The five general management functions include planning, organizing, staffing, leading, and controlling. These five general functions make up the core of management as a discipline. The five aforementioned tasks are a component of a larger set of guidelines and management-related beliefs.
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what statement about the economies of atlantis and paradise island is supported by the data above? (2 points)
Industry for financial services, A large portion of the Bahamas' GDP, or about 50%, comes from the tourism industry.
What type of economy does The Bahamas have?The two primary industries driving the economy are tourism and financial services. The Bahamas' economy, which has a small industrial sector, is largely reliant on financial services, tourism, and allied services. The enormous resort Atlantis, which has a large water park, pools, a beach, restaurants, a walk-in aquarium, and casinos, is the thing that makes the city most famous.
By dredging Nassau Harbour to accommodate six cruise ships at once and constructing the bridge that links Nassau to Paradise Island, the Bahamian government made tourism a top priority. Since the Bahamas gained its independence on July 10, 1973, we have continued to commemorate that day as Bahamian Independence Day. With an average duty rate of about 30%, the Bahamas has the highest rate in the Western Hemisphere.
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