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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Factory overhead includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
direct materialsunanswered
direct laborunanswered
indirect laborunanswered
depreciation on factory equipmentunanswered
depreciation on general and administrative computersunanswered
factory utilitiesunanswered
general and administrative utilities
Correct answer is All the cost that are associated to manufacturing goods.
Manufacturing is the making of items by hand or by way of machine that are intended to be sold to customers upon completion. Items used in manufacturing may be raw substances or factor components of a large product.
Manufacturing normally takes place on a large-scale manufacturing line with machinery and knowledgeable labour.
What are the three factors of manufacturing goods?Direct materials: Direct materials is a basic issue of manufacturing costs.Direct labor: Direct labor is a basic thing of manufacturing costs.Manufacturing overhead: These are indirect fabric and labor used in the manufacturing of a product.What are manufacturing goods example?They encompass steel, chemicals, paper, textiles, machinery, clothing, vehicles, etc.
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https://brainly.com/question/1082619#SPJ4a supplier may look at the size of to see how promptly the firm pays its bills. multiple choice question.
A supplier may look at the size of accounts payable to see how promptly the firm pays its bills.
What is accounts payable?
A current liability account called accounts outstanding is used to track any plutocrat you owe to other people. Banks, businesses, or indeed a person you espoused plutocrat from could be considered third parties. The current arrears are the accounts outstanding.
What function does accounts payable serve?
A company's fiscal, executive, and pastoral support is handled by the accounts payable department. They're in charge of tracking the company's short- term debts, paying seller checks and bills, and making payments the company owes to suppliers and other creditors.
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in assessing the competence of an internal auditor, an independent cpa most likely would obtain information about the quality of the internal auditor's working paper document.
An independent CPA should gather data on the following when evaluating the proficiency of the internal auditors: the standard of the working-paper documentation.
When assessing the auditors competence the independent auditor should obtain information about the?The auditor typically takes into account data from previous experience with the internal audit function, from conversations with management staff, and from a recent external quality evaluation, if conducted, of the internal audit function's operations when evaluating competence and objectivity.
Internal audit competencies typically fall into one of three categories: Technical accounting or auditing expertise; critical thinking and business knowledge; interpersonal and communication abilities.
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you are the hiring manager for a new large outdoor drive-in movie theatre and need to fill a position for a concessions supervisor. you have a very extensive menu, and therefore it is one of the most responsible positions since this person presides over the money. you have narrowed the selection to an applicant you think would be a good fit for the position. the applicant meets the job requirements, although his pre-employment test results were not the best of the selected group. he did respond well to the competency interview questions you posed during the interview. you conducted reference checks on the applicant by contacting former employers and received positive results; however, the background check shows the applicant was convicted of a misdemeanor for vandalism 5 years ago, for which the applicant served time in jail. checklist evaluate the use of pre-employment tests in the employment process. decide how references might or might not influence your final selection of the right candidate. relate how the background check results influence your decision to either hire or not hire the applicant. assess the potential legal issues associated with background checks. assess the potential legal issues associated with background check documentation. include a description of negligent hiring practices and what constitutes defamation of character. recommend the steps, tools, and documentation an organization should take to prevent negligent hiring and defamation of character from occurring.
The objectives of the numbered steps are as follows: To spell out the conditions that an applicant must satisfy in order to submit an application.
The Workplace Papers test assesses an individual's ability to comprehend and use information from actual workplace documents when making choices and addressing issues. The documents include messages, emails, letters, instructions, signs, announcements, rules, websites, contracts, and regulations. The term "HR documentation" designates a collection of documents that organizations save in order to preserve evidence, monitor changes, and give information that may be relevant to decision-making. These documents frequently contain information about company actions, employee statistics, and event reports. In this case, the workplace document is a recruiting firm that the candidate fills out and which includes questions about the applicant.
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Simple diffusion and facilitated diffusion both _______.require ATPmove solutes against their concentration gradientmove solutes with their concentration gradientutilize a membrane-embedded carrier protein
Simple diffusion and facilitated diffusion both move solutes with their concentration gradient.require ATPmove solutes against their concentration gradientmove solutes.
with their concentration gradientutilize a membrane-embedded carrier protein move solutes with their concentration gradient The material travels between the phospholipids in simple diffusion; in assisted diffusion, there are specialized membrane channels. Simple diffusion and facilitated diffusion both move solutes with their concentration gradient.require ATP move solutes against their concentration gradientmove solutes. Charged or polar molecules that cannot fit between the phospholipids enter and exit cells via enhanced diffusion. Management defines the future of the organization and how to get there via planning. Simple diffusion can only transfer material in the direction of a concentration gradient; assisted diffusion can move material in both directions.
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which of the following liets the lveld of managmenet from highest to lowest on tbe mangerial phramid
The top, middle, first-line, team leaders let leveled of the management from highest to lowest on the managerial pyramid.
What is management?Management is the process of managing and overseeing the activities, regardless of the form, function, structure, or size of the organization. Management oversees a team of people that work for the company and coordinates their efforts to achieve the shared goal. A vast number of individuals who each have their own wants, objectives, and viewpoints make up an organization. Even though each member of the organization first joins for a different reason, once they are there, everyone works toward the same objective. Management is needed to provide the oversight, collaboration, and coordination that are required. A variety of social, political, legal, technological, and economic elements make up the environment in which a corporate entity functions.
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the primary functions of accounting are to: multiple select question. increase a company's stock market valuation. measure a company's activities. provide information to taxing authorities. communicate information to decision makers. increase a company's profitability.
Count the actions of a business ,provide information to taxation authorities, send information to decision-makers are accounting's principal job is to increase a company's profitability.
While it may appear tedious or obscure, financial accounting is essential in allowing firms to keep track of all their financial activities. Financial accounting functions are divided into two categories: historical or stewardship functions and management duties. Communicating financial information, documenting financial transactions, calculating net outcomes, displaying financial affairs, evaluating financial data, summarizing and categorizing financial data are all historical accounting functions. Managerial finance accounting duties include financial policy control, budget preparation, cost control, employee performance evaluation, and mistake and fraud prevention.
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Banks were granted full authority to enter investment banking and insurance business with the passage of purchased funds Regional and superregional banks have access to financial markets for __________ to finance their lending and investment activities.
Banks were granted full authority to enter investment banking and insurance business with the passage of purchased funds. Regional and superregional banks have access to financial markets for Federal Fund Rates to finance their lending and investment activities.
An investment bank is a financial institution that acts as a conciliator in complex commercial deals similar to combinations and accessions. The Glass- Steagall Act effectively separated marketable banking from investment banking and created the Federal Fund Rates Insurance Corporation, among other effects.
It was one of the most extensively batted legislative enterprises before being inked into law by President Franklin D. Roosevelt in June 1933.
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The following descriptions are characteristics of an indifference curve map. Identify the one description that is excluded from true indifference curve characteristics.
Group of answer choices
A) There is no crossing of indifference curves.
B)Each of the goods’ axes represent levels of utility.
C) There is equal utility with points along the same indifference curve.
D) Utility will increase if moving northeast to a new indifference curve.
An indifference curve shows a combination of two goods in various quantities that provides equal satisfaction (utility) to an individual.
What Is an Indifference Curve?The four characteristics of indifference curves are that they can never cross, the utility indicated by an indifference curve increases with increasing distance from the centre, they always slope downward, and they are convex.
An indifference curve is a graph that displays possible pairings of two goods or commodities that, when purchased in any combination along the curve, leave the buyer equally well off or happy.
If you enjoy both hot dogs and hamburgers, for example, you might not care whether you purchase 20 hot dogs and no hamburgers, 45 hamburgers and no hot dogs, or a combination of the two, such as 14 hot dogs and 20 hamburgers (see point "A" in the list below).
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For the purposes for which they are used, money market securities should have which of the following characteristics? I. Low trading costs II. Little price risk III. High rate of return IV. Life greater than one year O I and III O II and IV O III and IV O I and II
Money market securities might as well have low trading costs and low price risk for the reasons of course for they are being used. (D) The correct answers are I and II.
Which among the following characteristics are present in money market securities?
Cash flows are contractually determined and have a large denomination and a low default risk.
A commercial paper is a short-term unsecured promissory note that a business has issued.
A bankers acknowledgment is a time draft receivable to a good and services seller with reimbursement secured by a bank. Federal funds and renewal fees rates are stated on such a bond average basis with such a mutually supporting year.
The cash transfer yield of something like a money market investment is determined using the relation below.
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question a national charity contacted 100 randomly selected people by phone, and 7 percent of those contacted made a donation to the charity. the population proportion of those who make a donation when contacted by phone is known to be p
The average of all sample proportions of donors from all randomly selected samples of 100 phone contacts is 0.05.
How can I calculate the sample proportion?The formula for the sample proportion P is P=X/N, where X stands for the number of successes and N for the sample size.
What does sample size's sample proportion mean?You anticipate the sample fraction to reflect the outcomes. This can frequently be ascertained by using the findings of an earlier survey or by conducting a brief pilot study. Use 50% if you're unsure because it's conservative and produces the biggest sample size.
What does sample percentage vs. population proportion mean?A population proportion, abbreviated as p, is the percentage of people in a population who share a particular trait. The sample proportion, abbreviated p, is the percentage of people in a sample who share a particular trait.
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question 7 which of the following explains how a project manager best accomplishes their responsibilities? select all that apply.
Out of the choices provided above, the ones that explain how a project manager best accomplished their responsibilities include,
Knows what the project team needs to accomplish and whenCommunicates key project milestones to stay on taskHelps the team get what they need to keep the project goingTherefore, the options B, C, and E hold true.
A project manager can be understood as a person who is designated at the post as such to fulfill certain specific responsibilities, which also include building up a team and utilizing the available resources effectively to accomplish the different project that he or she manages.
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Complete question
Which of the following explains how a project manager best accomplishes their responsibilities?
Select all that apply.
Assigns project tasks to the appropriately-skilled stakeholders
Knows what the project team needs to accomplish and when
Communicates key project milestones to stay on task
Establishes the budget after the project begins
Helps the team get what they need to keep the project going
contingent worker business that carries out activities that are consumed by its customers. intermediaries one who has no explicit or implicit contract for long-term work. service business businesses involved in selling the goods and services of producers to consumers and other businesses.
All the given statements (A), (B), and (C) about the contingent work are TRUE.
What is contingent work?Labor that is contingent, casual, or contract-based is seen as temporary employment because it often involves part-time work with fluctuating hours and offers little job security.
Freelancers frequently report wages higher than their old formal positions, despite having less work security.
Other names for contingent workers include consultants, freelancers, independent professionals, temporary contract workers, or temps.
business with temporary employees that does tasks for its clients to consume.
Anyone acting as an intermediary without an express or implied long-term employment contract.
Businesses that provide services to customers and other businesses by selling the products and services of manufacturers.
Therefore, all the given statements (A), (B), and (C) about the contingent work is TRUE.
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Correct question:
a. Contingent worker business that carries out activities that are consumed by its customers.
b. intermediaries one who has no explicit or implicit contract for long-term work.
c. service business businesses involved in selling the goods and services of producers to consumers and other businesses.
Are the given sentences about contingent work TRUE or FALSE?
Information about cash flows can influence decision makers in important ways. Which of the following questions could be answered by the statement of cash flows? (Check all that apply)
O Does the company have the resources to pursue opportunities?
O Does the company have the ability to pursue opportunities?
The following questions could be answered by the statement of cash flows are given :
O Is the company generating more cash than it is spending?
O Is the company spending more cash than it is generating?
The movement of money in and out of a business is known as cash flow. It is a measure of cash associated with the operating activities of a company and is used to gauge its financial performance and liquidity over a certain period of time. Cash flow is separate from profit, as it measures the actual flow of cash into and out of a business, whereas profit measures the increase in value of a company over a particular time period. Cash flow includes money received from customers for goods and services, payments made to suppliers, wages and taxes paid, interest payments, and any other payments made or received by the business.
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T/F. to control costs during its busy back-to-school season, carmine computers wants to establish alternative work arrangements in its customer service department. the company plans on using contract workers for three months instead of hiring employees. on top of paying the contractors less money, the company will save additional money because it doesn't have to pay payroll taxes for those workers. this is an acceptable strategy for carmine computers to employ.
The statement is true, Carmine Computers’ plan to use contract workers instead of hiring employees during their busy back-to-school season is an acceptable strategy.
Contract workers can provide cost savings because they are typically paid lower wages than permanent employees and the company does not need to pay payroll taxes. These cost savings can be used to cover other expenses or to boost profits. Additionally, contract workers are often easier to hire and fire, and they can provide more flexibility than traditional employees.
The use of contract workers can also provide a wider range of skills and experience, which can be beneficial for the company. In some cases, contract workers can even be faster and more efficient than permanent employees. Using contract workers can be a beneficial way for Carmine Computers to control costs during their busy back-to-school season.
If the company follows applicable laws, adheres to labor standards, and treats the contract workers fairly, then using contract workers is a viable and acceptable strategy.
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which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages?
Payback terms longer than 30 years is something a lender is prohibited from doing if the lender wants to write qualified mortgages.
An arrangement known as a mortgage is made between you and a lender and provides the lender the right to seize your property in the event that you are unable to pay back the amount you borrowed plus interest. Mortgage loans are used to purchase a property or to obtain financing based on the worth of a home that is already owned. To remodel, build, or purchase a residential property, you can get a house loan. As security for the loan, lenders view the house or other property. Loans against properties, or mortgage loans, on the other hand, are loans that are accepted as security for real estate. Either conforming loans or non-conforming loans can be used to describe any sort of mortgage.
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a corporation increases capitalization by selling shares of stock which can either come from a new issue or previously authorized but unissued shares. total stock outstanding must
Companies issue shares to raise money from investors who tend to invest their money.
What happens when a company increases shares?The quantity of common stock traded on the stock market rises when corporations issue more shares. Too many shares being issued could dilute current investors' holdings. Share dilution happens because the extra shares make the existing shares less valuable to investors.
A company's market cap stays the same even while its shares in circulation and stock price fluctuate. The same holds true for dividends. A company's price typically decreases if it declares a dividend, increasing the number of shares held.
When a business sells shares, it uses the proceeds to run and expand the company while the shares are exchanged on the New York Stock Exchange (NYSE). Investors and dealers can purchase and sell stock shares on the NYSE.
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Which of the following statements is true?Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
The statement "Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans" is correct, so Option C is the correct answer.
Global trade in goods has increased rapidly since the Second World War and particularly in the last three decades. Food was no exception, as the global food network has become extremely complex and integrated, with over 1.1 trillion dollars in agricultural trading today.
In a peaceful world, a country can make a reason to cultivate the few products that it is suitable to manufacture, export what it really is capable of producing to a competitive advantage and import what it should not grow. It is a "comparative advantage" and a key economic theory supporter.
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---------------------- Correct question format is given below ---------------------
Which of the following statements is TRUE?
(A) Only Canada can benefit from trade because the United States has an absolute advantage in the production of both soybeans and alfalfa.
(B) Trade will benefit both countries because the United States has a comparative advantage in the production of soybeans and Canada has a comparative advantage in the production of alfalfa.
(C) Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
(D) Trade will benefit neither country because the United States has an absolute advantage in the production of both soybeans and alfalfa, but Canada has a comparative advantage in the production of both soybeans and alfalfa.
Clap Off Manufacturing uses 1,400 switch assemblies per week and then reorders another 1,400. Assume the relevant carrying cost per switch assembly is $5.10 and the fixed order cost is $580.
a) Calculate the carrying costs.
b) Calculate the restocking costs.
c) Calculate the Economic Order Quantity
d) Calculate the EOQ number of orders per year.
Assume that $580 is the fixed order cost and that $5.10 is the proper carrying cost per switch assembly. ( Do not round your response to the next whole number; instead, enter it as directed.
By cost, what do you mean?
A cost is the value of money that has been used to create an item or deliver a service and is now unavailable for use in manufacturing, conducting research, selling it to consumers, or keeping accounts. A cost in business may be an acquisition cost, in which case the amount paid to acquire it is recorded as a cost.
A cost is the value of money that was spent to create something or deliver a service and is now unavailable for use in production, research, retail, or any other purpose.
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Watson and Hoffman's study on leadership emergence with regard to gender-biased perceptions would suggest a. Influential women were rated the same as men in terms of leadership. b. Women are much more likeable than men. c. Emergence in leadership has little to do with gender bias. d. There continue to be barriers to women's emergence as leaders in some settings. e. Men are always more influential within groups and organizations.
Watson and Hoffman's study on leadership emergence with regard to gender-biased perceptions would suggest that there continue to be barriers to women's emergence as leaders in some settings.
Watson and Hoffman's study on leadership emergence which is with regard to gender-biased perceptions would suggest that there continues to be barriers to women's leadership emergence, as women may be rated lower than the comparable men on the leadership due to the gender-biased perceptions.
However, the positive communication behaviors, such as being verbally involved, being informed, seeking others' opinions, initiating new ideas, and being firm but not rigid account for successful leadership emergence.
Hence, option D is correct.
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In 2001, Mexico imposed a 20% tax on all soft drinks not made from cane sugar. High fructose corn syrup, which is made from corn, is often used in place of cane sugar to manufacture soft drinks. Based on the map, which nations would most likely be impacted by Mexico's policy change?
Since Mexico and United States are geographically close to each other, the policy will affect them relatively more.
What is Mexico's policy change?With little trade restrictions, Mexico is regarded as having one of the most open economies in the world. Through its bilateral Free Trade Agreements, Mexico has access to 50 nations (FTA). 41% ($2,707) of the GDP of Latin America and the Caribbean is attributed to Mexico's free trade agreement with the Pacific Alliance.In order to address the structural causes of migration, the Mexican government has implemented a new migration policy with two major pillars: preserving migrants' rights and adopting a humanitarian approach to economic development. A balanced budget rule and debt issuance restrictions are both part of Mexico's fiscal framework, which severely restricts the ability of fiscal policy to act as a countercyclical force in the case of a downturn.Since Mexico and United States are geographically close to each other, the policy will affect them relatively more.To learn more about Mexico's policy change refer to:
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FILL IN THE BLANK A coworker who is introverted, communicates directly, bases decisions on objective factors and is well-organized, like George in the case study in the chapter, is probably a(n) _______________ personality type on the MBTI scale.
A coworker who is introverted, communicates directly, bases decisions on objective factors and is well-organized, like George in the case study in the chapter, is probably a(n) IST J personality type on the MBTI scale.
The Myers-Briggs Type Indicator is an introspective self-report questionnaire used in personality typology to identify different psychological preferences in how people see the environment and make decisions. Despite its popularity, the scientific community generally regards it as pseudoscience.
Introversion/extraversion, sensing/intuition, thinking/feeling, and judging/perceiving are the four categories. According to the MBTI, each person has one favorite trait from each category, resulting in 16 distinct types.
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1. Which of the following is true?a) A monopoly firm is a price-maker.b) MR = P if the demand curve is downward sloping.c) MR = MC is a profit-maximizing rule for firms in perfect competition only.d) Monopolies tend to charge lower prices than perfectly competitive firms.$500
The correct option is (A), i.e., A monopoly firm is a price maker. A monopoly is a sole establishment in the request to supply the good or service without any close cover.
The monopoly firm has no challengers and has high entry walls into the request. For the other request structures, profit is maximized at the point where MR = MC still; the monopolist will charge a price> borderline profit.
Hence, a monopoly is a price- maker due to the absence of competition from other enterprises and can charge high prices for as long as the consumer is willing to pay. MR = P for an impeccably competitive request only. For the monopoly, the MR wind has a different pitch than the demanding wind; thus, MR isn't equal to P. The condition for profit maximization for all request structures is MR = MC and not just for the perfect competition.
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The Fed has the power to increase or decrease the number of dollars in the economy through the decisions of the US. Treasury the regional Federal Reserve Bank presidents the FOMC the Board of Governors.
The Federal Reserve has the power to influence the number of dollars in the economy.
This is accomplished through several entities. The US Treasury has the power to issue and withdraw currency and coins. The regional Federal Reserve Bank presidents have the ability to adjust the discount rate, which is the rate at which the Federal Reserve lends money to financial institutions.
The Federal Open Market Committee (FOMC) can adjust the amount of money in the market by buying or selling securities. Finally, the Board of Governors, which is the main governing body of the Federal Reserve, can adjust reserve requirements and the federal funds rate, which is the rate at which banks lend reserves to each other overnight.
Ultimately, the Federal Reserve has the power to increase or decrease the number of dollars in the economy through the decisions made by these entities.
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to impose the maximum sales charge, mutual funds must offer investors which of the following benefits? i family of funds ii breakpoints iii letter of intent iv rights of accumulation
The benefit to enforce the maximum sales fee that mutual funds must provide investors is the ii breakpoint.
A breakpoint sale is the transfer of a mutual fund at a predetermined monetary number that enables the fundholder to shift into a cheaper sales charge band.If an investor cannot furnish the amounts required to qualify for the reduced fee at the time of investment, they can sign a letter of intent committing to achieve the entire amount, or breakpoint, within a certain time period.Misusing breakpoint sales is the illegal practice of selling mutual funds in dollar quantities slightly below the point at which the sales price is reduced.Breakpoint sales provide investors fee savings based on investment breakpoint thresholds specified by the fund company.To know more about a breakpoint sale:
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List at least one activity that a company might do during each of the following stages of business: (a) Identify (0.5 points) (b) Plan (0.5 points) (c) Start (0.5 points) (d) Operate (0.5 points)
Launch, growth, shake-out, maturity, and decline are the five stages that make up the business life cycle, which describes how a business develops over time in phases.
What is the Business Life Cycle?A graph representing the cycle has time as the horizontal axis, money or other financial measures as the vertical axis, and time as the y-axis. We will use three financial measures in this article—sales, profit, and cash flow—to define the state of each stage of the business life cycle.Each organization starts out as a business, frequently by introducing fresh goods or services. Sales are initially slow but gradually (and ideally steadily) rising during the launch phase. Businesses emphasize marketing to the segments of consumers who are most likely to buy their products by promoting their competitive advantages and value propositions.Businesses are, however, more likely to suffer losses at this time due to low revenue and large launch costs.In fact, there is a lag between sales growth and profit growth throughout the whole firm life cycle since the profit cycle always comes after the sales cycle. This lag has implications for the financing life cycle, which are discussed in more detail in the article's final section.In addition, although it drops even lower than the profit, the cash flow during the launch phase is also negative. This is as a result of initial starting costs being capitalized, which while they might not show up in the business' profit, do show up in its cash flow.To Learn more About business life cycle, refer TO:
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Which of the following is a major driver of downward cost pressure—i.e., purchasing professionals desire and ability to put pressure on suppliers to reduce costs?
a. The availability of global suppliers that possess cost advantages.
b. Supply Scarcity
c. A lack of suppliers
d. Excessive complexity in supply markets
e. Rivals competing to buy the same inputs/products
The availability of global suppliers that possess cost advantages.Purchasing experts' motivation and capacity to exert pressure on suppliers to cut costs is a primary cause of downward cost pressure.
The Bargaining Power of Suppliers, one of the forces in Porter's Five Forces Industry Analysis Framework, is the polar opposite of the Bargaining Power of Buyers and describes the pressure that suppliers can exert on businesses by increasing their prices, lowering their product quality, or decreasing the availability of their products.
The firm and the supplier both profit from this kind of cost reduction. The company saves money each year while making sure their supplier is familiar with the unique design and construction of their product.
In turn, the supplier gains from dealing with a company and a product that they are actually familiar with, which can save training, floor setup, and other overhead costs.
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an economy can produce a various combination of food and shelter along a production possibilities curve (ppc). we first increase the production of shelter along the ppc. if we then continue to shift more and more production to shelter, then which of the following will most likely happen to the opportunity cost of a unit of shelter? group of answer choices opportunity cost is the amount of labor (but not capital) that is used to produce the extra shelter. opportunity cost will increase because as more and more shelter is produced, labor and capital that is highly productive at producing food is being shifted to shelter production, and so more and more food is being given up to produce a unit of shelter. opportunity cost must stay constant if we are to stay on the production possibilities curve.
As more and more protection is produced, both capital and labor that is super successful at generating shelter become accessible, and so a decreasing amount of food is sacrificed to generate a unit of cover relying the opportunity cost.
Because more and more shelter is created, labor and capital that is highly productive in creating food is switched to shelter production, and therefore more and more food is sacrificed to generate a unit of shelter. The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity. More specifically, it indicates that if you choose one activity (for example, an investment), you are foregoing the potential to pursue something other. The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activities.
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Sioux Co. replaced the roof on its existing building, therefore increasing the building's life by 10 years. The cost of the roof is considered a(n):
extraordinary repair
The old building's lifespan was extended by 10 years after Sioux Co. renovated the roof. Roof replacement costs are regarded as an unusual repair.
Are expenditures that extend the asset's useful life beyond its original estimate?Uncommon repairs, Repairs that go above and beyond what was first estimated are considered extraordinary. Since they benefit future periods, extraordinary repairs qualify as capital expenditures. Credit is applied to the asset account for their costs (or to Accumulated Depreciation). Improvements is the final word that fills in the blank above.
Walkways and fences are examples of land improvements, which are assets that enhance the value of a piece of land and are depreciated because of their short lifespan. Goodwill develops when the amount paid by the purchasing business exceeds the total of the identifiable individual assets bought less liabilities taken, based on their fair values. In the early years of an asset's useful life, the DDB approach records higher depreciation expenses; in the later years, it records lower expenses.
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Due to lack of necessary supply of capital in under-developed countries.
Low capital formation is caused by a lack of capital supply and a high demand for capital.
Why was lack of necessary supply of capital in under-developed countries ?However, the process of capital development is not accelerated in underdeveloped nations due to a lack of the essential supply of capital. Capital formation thus stays at a modest level.
The following factors contribute to the low pace of capital generation in developing nations:
(A) Savings within the country are minimal.
(b) There aren't enough dynamic, brave, and honest businesspeople to take on the responsibility of making investments and taking risks.
(b) There is very little inducement to invest.
Any business or industry that caters to a low-income country's domestic market may find it difficult to apply money because of the market's small size.
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Low capital formation is caused by a lack of capital supply and a high demand for capital.
What is capital formation?Capital formation is the net increase in capital for a country over an accounting period. The phrase describes the addition of capital items including machinery, tools, vehicles, and electricity.
To replace the outdated equipment used to generate products and services, nations need capital goods.
Production will decrease if a nation cannot replace capital goods when they reach the end of their useful lives. In general, an economy may increase its total income more quickly the greater its capital formation rate.
An increase in national income levels might result from increased production of products and service. A nation has to produce savings and investments from household savings or based on government policy in order to amass more capital.
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