In the cost variance analysis, the list of the steps in order is:
Prepare reportsAnalyze variancesQuestions and answersTake actionWhat is Cost Variance Analysis?Cost variance analysis is one of the budgeting methods that can be used by companies. This method is used by companies to see if there are costs that do not normally occur to the company or irregurality. This cost variance method can also be used to see if there is fraud in the company. The method used to carry out this method is to look at the difference between the amount of money allocated by the company and the total money used by the company.
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Which of the following is not deductible from income from business and profession?
The expense of lobbying is not deducted from commercial and professional revenue.
What are the expenses of lobbying?spending on lobbying Any sum paid or expended by the institution in putting on propaganda or otherwise trying to influence legislation is referred to as a "lobbying expenditure." In a letter to a congress person, a Duke official requests that they abstain from voting on an adjustment that will be presented during the bill's discussion.
Can you write off lobbying costs?Research for, preparation for, planning for, or coordination of any of the aforementioned activities, as well as any other costs paid or spent in accordance with lobbying of political activities, are not deductible. No one person could possible hope to gain access to the government legislatures without the help of lobbying.
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what restriction would the government impose in a closed economy?
The type of restriction that a government would impose in a closed economy are:
restriction of trade with countriesestablish import costsretain traditional traditions solelyoutlaw private landholding.What is a closed economy?Basically, a closed economy means a country that produces all of its own goods and services and does not participate in international trade. This type of economies are virtually nonexistent today although some countries come closer than others to having one.
In countries with open economies, some governments may close off a specific sector or industry from international competition through the use of quotas, subsidies, and tariffs; but this practice often referred to as protectionism.
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Whereas acknowledging others means you are interested in their ideas, endorsement means that you agree with themTrue/False?
" Whereas acknowledging others means you are interested in their ideas, endorsement means that you agree with them." This statement is True.
the act of pronouncing which you approve of or assist something or someone: The campaign hasn't received any political endorsements. He was hoping to a comfy brief endorsement of the plan from the president. An endorsement is a form of public guidance or approval. Endorsements are given to politicians and merchandise. in case you provide something an endorsement, you're basically pronouncing "I approve of this person or product." Celebrities provide politicians an endorsement if they think you should vote for them.
A signature is an endorsement. for example, whilst corporation problems a payroll check, it authorizes or endorses the transfer of cash from the business account to the employee. The act of signing the take look at is taken into consideration an endorsement, which serves as proof of the payer's purpose to switch funds to the payee.
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ch. 20 problems and applications q10 suppose that congress passes a law requiring employers to provide employees some benefit (such as healthcare) that raises the cost of an employee by $2 per hour. assume that firms were not providing such benefits prior to the legislation.
If the cost of an employee rises by $2 per hour, the demand for labor falls as employees find it more expensive to hire laborers, while the supply of labor rises as more workers are willing to work.
Wage rates have fallen as a result of increased supply and decreased demand, as shown in the graph. As a result, both employers and employees have suffered. As a result, the given statement is false.
If the market wage was $1 above the minimum wage before the mandate, the wage rate with the employer mandate will be $9 per hour, resulting in a decrease in employment and an increase in unemployment.
The correct statements are as follows:
The equilibrium labor quantity will decrease.The labor supply curve remains unchanged.Employers are worse off now than they were before the mandated benefit.To learn more about Wage rate, please refer:
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which of the following should not be on a company's menu of actions to consider in crafting a strategy of social responsibility?
Actions that prioritise shareholder returns and profits over commitments to the environment, communities, and workers should not be on a company's menu of actions to consider in crafting a strategy of social responsibility.
What is social responsibility?
A person has a moral obligation to work and collaborate with other people and organisations for the good of the community that will inherit the world they leave behind. This is known as social responsibility.
Every person has a responsibility to uphold the balance between the economy and the ecosystem in which they live. There may be a trade-off between material economic development and the welfare of society and the environment. Social responsibility applies to everyone whose actions have an impact on the environment, not just businesses. It strives to remove obstacles and guarantee safe healthcare for residents in remote areas.
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which of the following individuals would be allowed survivorship income benefits under social security?
A widow or widower age 60 or older (age 50 or older if they have a disability). A surviving divorced spouse, under certain circumstances. A widow or widower at any age who is caring for the deceased's child who is under age 16 or has a disability and receiving child's benefits.
The state of getting lost one's partner to death is termed widowhood.[1] An archaic time period for a widow is "relict,"[2] actually "a person left over". This phrase can now and again be found on older gravestones. The phrase "widow" comes from an Indo-ecu root that means "widow" and has cognates throughout Indo-eu languages. The male form, "widower", is first attested inside the 14th century, through the 19th century supplanting "widow" close to guys.[3]The phrase "widow" comes from an Indo-ECU root that means "widow" and has cognates throughout Indo-eu languages.
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at december 31, 2021, hull-meyers corp. had the following investments that were purchased during 2021, its first year of operations:
Security A Security B 954,000 940,000 145,000 139,200 $1,085,000 $1,093,200
What is the process of buying a firm called?
A corporate transaction known as an acquisition takes place when one company buys and takes control of another company. Mergers and acquisitions (M&A), a professional path in corporate law or finance that focuses on the purchasing, selling, and consolidating of enterprises, are fundamentally comprised of these activities.
The acquisition of a firm is now typically recorded using purchase acquisition accounting on the acquiring company's balance sheet. At fair market value, the assets of the acquired company are recognized as assets of the acquirer. The fair market value of the purchasing firm rises as a result of this accounting procedure.
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Which of the following strategies has the shortest delivery lead time and the least customer input?a) Assemble-To-Orderb) Make-To-Orderc) Make-To-Stockd) Configure-To-Order
Assemble to order has the shortest delivery lead time and the least customer input.
What is Assemble to order?
Assemble-to-order (ATO) is a business manufacturing strategy in which customers buy quickly produced things that may include some personalization. The basic parts of the product must typically be manufactured but not assembled. The parts are quickly assembled after receiving an order, and the final product is subsequently sent to the customer.
The assemble-to-order method (ATO) combines the make-to-stock strategy (MTS) with the make-to-order strategy (MTO). When adopting a make-to-stock method, the entire batch of product is prepared in advance. The objective is to build an inventory that matches anticipated or assumed consumer demand. Setting a production target, building up inventory, and attempting to sell as many finished items as you can are the processes in this process.
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If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.
Refer to Scenario. Farmer Brown's total-cost curve is
A. increasing at a constant rate.
B. increasing at an increasing rate.
C. increasing at a decreasing rate.
D. decreasing.
Farmer Brown's total cost curve, given the scenario of the number of plants that he buys and the bushels of wheat, is B. increasing at an increasing rate.
What is the total cost curve ?The cost of creating each level of output is represented by the total cost curve, so if we can discover the inputs that have the lowest cost per unit of output, we can calculate the cost of producing each level of output.
This total cost curve would be considered to be increasing at an increasing rate, if the marginal costs of production are increasing for every additional unit of cost incurred.
For Farmer Brown, the marginal cost at 2 bags of plants is :
= 9 - 5
= 4 bushels
At 1 bag it is :
= 5 - 0
= 5 bushels
At 3 bags it is :
= 12 - 9
= 3 bushels
Because the marginal product is decreasing, the marginal cost is increasing which means that the total cost curve is increasing at an increasing rate.
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Which of the following is a tax credit that can reduce an individual's assessed tax below zero?
Tax credits that are refundable tax have the potential to lower an individuals personal estimated tax below zero.
Why is tax refundable?The term "refundable" refers to tax credits that, if you are eligible for them and their value exceeds the tax you must pay, you will be given a reimbursement for the difference. For instance, you would get a $200 refund if your tax debt was $800 and you were eligible for the a $1,000 refundable credit.
What does refundable tax serve?The Refundable Tax Rate On Hand is a well before of tax on asset dividends, which explains why. The idea is to eliminate the tax benefit that may be deferred if a person received investment income in the shape of dividends from a private corporation.
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for questions 7-11, consider a market served by a monopolist. the monopolist has a linear marginal cost (shown here as marginal private cost, mpcm) and a downward-sloping demand curve d0. here is the graphical representation of that market.
Equating the monopolist's marginal revenue with its marginal cost, which is the same profit-maximizing condition, yields the monopolist's profit-maximizing level of output and associated profit-maximizing price.
What is a monopolist individual?
A monopolist is a person, organization, or business that dominates and controls the market for a particular item or service. Due to the absence of substitute products or services and competition, monopolists can command high prices since they have sufficient market power.
What does monopolist look like in practice?
A company that sells its product exclusively and without any close substitutes is said to have a monopoly. An unchecked monopoly has the ability to set prices and has market power. DeBeers and diamonds, Microsoft and Windows, etc.
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costs to restore land or other property to its original condition after extraction of the natural resources ends
Costs to restore land or other property to its original condition after extraction of the natural resource's ends are called Restoration costs.
What is Restoration costs?
The charges associated with carrying out Restoration Actions are referred to as Restoration Costs. The definition of "Restoration Costs" in this section 4.29 shall apply. Restoration fees are the expenses that the tenant really incurred to fix and restore the tenant improvements and any alterations they made to the premises.
What is ecological restoration?
Ecological restoration is the procedure used to restore natural areas whose biological communities and ecosystems have been damaged or lost. Humans have imported invasive species, changed natural communities to extractive usage, and transformed local native plant and animal populations in many ecosystems.
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Regarding real estate investments, risk that is associated with the type of property and its location, design, lease structure, and so on can be thought of as:Multiple ChoiceMarketability riskLiquidity riskBusiness riskInterest rate risk
The risk, when it comes to real estate investments, of the type of property, the lease structure, and the lease design, is called the C. Business risk
What is Business risk ?Business risk is the potential for a firm or organization to have lower earnings or failure. A business risk is anything that compromises a company's capacity to meet its financial objectives.
Business risk is the possibility that internal and external factors could combine to produce a situation where a corporation would no longer be viable.
The corporate environment beyond of management's control, including macroeconomic forces (like inflation, foreign exchange rates, or prevailing interest rates). Dangers unique to a given industry, such as regulatory risk, entry barriers, the potential for disruption, and other elements.
When it comes to real estate investment therefore, business risk would refer to things like property design, location, and lease structure.
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Consider the following information taken from the cash account. Assume cash payments were 80% of collections.
Cash
?? Beginning balance
$115,375 Collections
?? Disbursements
$80,275 Ending balance
How much was the beginning balance of the cash account?
The beginning balance of the Cash Account is $57,650.
What is Cash Account?A Cash Account is a kind of brokerage account that demands all transactions to be paid in full of available cash on the settlement date.
When purchasing stocks in a cash account, the investor must either deposit enough cash to cover the deal or sell other securities on the same trading day to ensure that cash is available to satisfy the buy order.
Cash accounts, unlike margin accounts, do not permit short selling or margin trading.
According to the given question, cash payments were 80% of collections. So, The cash payment or Disbursement are as follows:-
Disbursements = 80% of collections
= $115,375 * 0.8
= $92,300
The opening balance is computed by using the following formula:-
Opening Balance = Ending Balance + Disbursements - Collections
= $80,725 + $92,300 - $115,375
= $57,650
Hence, $57,650 is the beginning balance of the cash account.
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which of the following terms identifies the process of reviewing log files for suspicious activity and threshold compliance?
Auditing is the process of reviewing log files for suspicious activity and threshold Compliance.
An audit is an "impartial exam of monetary statistics of any entity, whether income orientated or not, no matter its length or prison shape while such an exam is performed to be able to specific an opinion thereon.” Auditing also tries to make certain that the books of bills are well maintained via the concern as required by using the regulation. Auditors don't forget the propositions earlier than them, gain proof, and evaluate the propositions of their auditing record.
Audits offer a third-celebration warranty to numerous stakeholders that the difficulty remembering is free from cloth misstatement. The term is maximum frequently applied to audits of the economic information relating to a criminal man or woman. different usually audited regions consist of secretarial and compliance, inner controls, first-class management, challenge control, water control, and strength conservation. because of an audit, stakeholders may additionally compare and improve the effectiveness of threat management, management, and governance over the difficulty be counted.
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There are five ways in which the complexity increases as three or more parties simultaneously engage in negotiation. One of those listed below is not a correct statement. Which one?
A) There are simply more parties involved in the negotiation.
B) More parties bring more issues and positions to the table, and thus more perspectives must be presented and discussed.
C) When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
D) As the negotiations become procedurally more complex, the parties may have to negotiate a new process that allows them to coordinate their actions more effectively.
E) As the negotiations become more strategically complex, the parties must monitor the moves and actions of several other parties in determining what each will do next.
The correct response is C). When negotiations become socially more complex, the social norms emerge that affect member participation, which reduces the stronger pressures to conform and suppress disagreement.
A disagreement about/over the price of the work: We got into a disagreement about/over the price of the work. Literary critics were completely divided (about the value of the book). Synonyms, antonyms, and examples in a thesaurus. The two neighbours got into heated arguments. Factual differences fall under this category. For instance, there may be a difference of opinion over whether the earth is spherical or flat. The second kind of conflicts involves a suggested plan of action, such whether to visit Greece or Italy. Conflict is a heated argument and disagreement about a significant issue. Conflict occurs when two individuals or organizations have a significant disagreement or argument and have not yet come to a resolution. Information conflicts, values conflicts, interest conflicts, interpersonal conflicts, and structural conflicts are the five basic causes of conflict. Conflicts over information occur when persons have conflicting or incomplete information or disagree on the information's relevance.
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the goal of this activity is to demonstrate the ability to list the steps of the accounting cyckle in order
Either the question is incomplete or it is a spam question.
But still, the following answer is given considering the question as: the steps involved in the accounting cycle.
There are the following steps involved in the accounting cycle:
Identify the transactions in the day to day business, as such which transaction is of a financial nature which is to be recorded in the financial statements.The next step involves the preparation of journal entries for the recorded transactions. Next steps involves the posting of the recorded transactions in the ledger accounts in order to get a detailed view of the transactions.Now, prepare the trial balance which is unadjusted right now. The trial balance should be matched.With the help of the trial balance and the ledger accounts, prepare the financial statements of the entity. The financial statements include the preparation of trading account, profit or loss account and balance sheet of the entity in order to know the financial position of the concern.6. Now post the closing journal entries at the end of the accounting period.
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Assessing Financial Statement Effects of Passive and Equity Method Investments
On January 1, 2018 Ball Corporation purchased shares of Leftwich Company common stock.
(a) Assume that the stock acquired by Ball represents 15% of Leftwich's voting stock and that Ball has no influence over Leftwich's business decisions. Use the financial statement effects template (with amounts and accounts) to record the following transactions:
(1) Ball purchased 5,000 common shares of Leftwich at $15 cash per share.
(2) Leftwich reported annual net income of $40,000.
(3) Ball received a cash dividend of $1.10 per common share from Leftwich.
(4) Year-end market price of Leftwich common stock is $19 per share.
Use negative signs with answers when appropriate.
The financial statement effects template is given as :
It is a double-entry concept that helps us understand each transaction and its impact on the company's financial statements.
Balance sheet
Transaction cash asset + non-cash = liability + contributed capital + earned capital
1 -75000+ 75000 = 0 +0+0
2 0+ 40000 = 0+0+ 40000
3 5500 +0 = 0+0+ 5500
4 0 +20000 = 0+ 0 + 20000
Income statement
Transaction Revenue - Expense = Net Income
1 0 -0 = 0
2 40000 - 0 = 40000
3 5500 - 0 = 5500
4 20000 +0 = 20000
From the above financial statement effect template, we can understand the company's business decisions clearly.
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a company had collected $3,000 in advance for services to be provided throughout the year. at december 31, an analysis of the unearned services revenue account showed that one-third of the services were earned during the year. the entry to record this adjustment will include which of the following entries:
A $1,000 credit is made to the services revenue, while a $1,000 debit is made to the unearned services revenue.
When an organization pre-paid their insurance, did it record it as prepaid insurance?$1,200. Prepaid insurance is increased and cash is decreased when a corporation pays in advance for it. This exchange of assets is a transaction.
What two categories of income are unearned?Investment-type income, such as taxable interest, regular dividends, and capital gain distributions, is categorized as unearned income. In addition, it covers taxable social security benefits, unemployment benefits, pensions, annuities, debt forgiveness, and distributions of unearned income from trusts.
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Which one of the following is a major disadvantage of a corporation?
A. Limited liability of stockholders
B. Additional taxes
C. Transferable ownership rights
D. Limited life
Additional taxes is one of the major disadvantage of a corporation.
Double taxation is the practice of imposing taxes on the same income, assets, or financial transaction. Economically speaking, double taxation—the taxation of shareholder dividends after the taxation of corporate earnings—can be favorable.
According to the US tax system, corporate income is subject to two taxes: one at the corporate level through the corporation income tax and a second at the individual level through the individual income tax on dividends and capital gains.
Double taxing corporate profits, according to those who oppose the practice, is unfair and inefficient because it treats corporate income differently from other types of income and encourages businesses to finance themselves with debt that can be deducted from taxes and to keep profits rather than distribute them to shareholders.
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if an agent has represented himself or herself as possessing special skills, the agent is expected to use them. a. true b. false
If an agent has represented himself or herself as possessing special skills, the agent is expected to use them. (a)true
Specialized skills are specific talents or abilities you have that make you a qualified candidate for a job. They may relate directly to the position, such as technical or practical skills, or they may have a more generalized purpose that makes them useful in many settings.
What are possessed skills?
Here are the seven essential employability skills with examples:
Positive attitude. Being calm and cheerful when things go wrong.Communication. You can listen and say information clearly when you speak or write.Teamwork.Self-managementWillingness to learn. Thinking skills (problem solving and decision making)Resilience.learn more about possessed skills to visit this skill
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Which of the following is not a question that will help assess your financial condition as you approach retirement?
We can save according to our retirement plan, moving from safe investments to unstable, growth-type investments the following isn't a question on the way to assist assess our economic circumstance as you approach retirement.
\
Funding is an asset or item gathered with the intention of generating earnings or popularity. In a monetary outlook, an investment is the acquisition of goods that aren't consumed today but are used in the future to generate wealth.
Investment. The act of redirecting sources from being eaten up today so that they will create advantages in the future the use of belongings to earn profits or profit financial device. The system lets in the transfer of money between the savers and debtors.
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Suppose that the corn market is purely competitive. If the corn farmers are currently earning negative economic profits, then we would expect that in the long run the market's:
Supply curve will shift to the _____
Assume that there is just competition in the corn market. If maize growers are currently experiencing a loss, we can anticipate that the market's supply curve will eventually shift to the LEFT.
when businesses are long-term viable in a perfectly competitive market?
In a world with perfect competition, enterprises never make a profit. Long-term accounting profits are something that businesses can achieve, but profitability are something else.
What will transpire over time if enterprises engaged in perfect competition suffer losses? Due to the failure of some vendors, demand will spike and costs will increase.
When a corporation engages in pure competition, what does its price equal in the long run?
When a market is competitive and in lengthy equilibrium, each firm's net gain is equal to zero. Furthermore, this implies that the
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record the declaration of a cash dividend of $0.30 per share to all shares outstanding on january 29
When recording the declaration of cash dividend of $0.30 per share, the dividend account will be debited and the retained earnings out of which the dividend has been paid will be credited in the journal entry related to the same amount in this financial transaction.
The journal entry in the format of general journal has been mentioned as below for better reference.
Date General Journal Debit Credit
January 29 Dividends Ac. DR. $0.30
To, Retained Earnings $0.30
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T/F a purchased intangible is valued at its original cost. original cost for acquiring a patent would include (select all that apply.)
A purchased intangible is valued at its original cost. The original cost for acquiring a patent would include legal costs to acquire the required filing fees and purchase price.
What expenses are covered by the price of an intangible asset?
An identifiable cost that is difficult to measure or estimate precisely is known as an intangible cost. Impairment of benevolence, a decline in employee morale, or brand damage are examples of common intangible costs.
Non-physical property is referred to as intangible assets. An intangible asset's acquisition cost is not recovered in a single accounting period but rather through amortization over the course of its economic life.
Therefore, A patent's initial cost would include the purchase price and legal fees needed to obtain the necessary filing fees.
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an example of an m-form organization is one in which: group of answer choices o each division performs a single task for the firm o each division performs all the tasks necessary to serve a particular type of customer o each division performs all the tasks necessary to serve all the customers of a particular geographical area o all of the above o both b & c
M-form corporations are multi-divisional organisations where each division is a geographic or product unit in charge of its own operations and profits while the corporate head office sets overarching strategy and oversees the divisions.
What are M-form organisations?A multi-divisional model of organisation divides a company into a number of partially independent groups that are directed and governed by central goals. M-form corporations are multi-divisional organisations where each division is a geographic or product unit in charge of its own operations and profits while the corporate head office sets overarching strategy and oversees the divisions. Functional, multi-divisional, flat, and matrix structures are the four different forms of organisational structures. Although the majority or all of the M-form organization's operations are in the same or closely comparable industries to those of the H-form organisation, it is also known as the divisional design. A related diversification corporate strategy is implemented using the M-form design. In this instance, a mechanical contracting company.
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corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to___
Corbin appliance group has decided to adopt the six sigma approach. by doing this, the company will be able to Recycle returned product. Using the Six Sigma methodology, businesses can increase the efficiency of their business operations.
A collection of methods and equipment for process improvement is called Six Sigma. While employed by Motorola in 1986, American engineer Bill Smith introduced it. By locating and eliminating the sources of errors and reducing variability in production and business processes, Six Sigma initiatives aim to increase manufacturing quality. This is accomplished by employing empirical and statistical quality management techniques as well as Six Sigma professionals. Each Six Sigma project has a set methodology and clear value objectives, like lowering pollution levels or raising customer happiness. This improvement in performance and decrease in process variance contributes to the reduction of defects as well as an improvement in revenue, employee morale, and product or service quality. There are numerous examples of this, including the recycling of materials, the use of affordable and practical everyday materials, speeding up each cycle, and first lowering, then eliminating production flaws. Since the product quality will significantly improve as a result of Six Sigma, both customer happiness and customer service will generally increase.
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Which of the following by itself is consistent with the directions that the price level and real GDP changed at the onset of the Great Depression?:a. aggregate demand shifted right.b. aggregate demand shifted left.c. aggregate supply shifted right.d. aggregate supply shifted left.
The price level may rise, fall, or remain the same as real GDP falls.
What changes occurred to GDP during the Great Depression?
Between 1929 and 1933, real GDP declined by 29%. In 1933, the unemployment rate peaked at 25%. 25% decrease in consumer prices 32% of wholesale prices went down. Exactly 7,000 banks, almost 33% of the financial framework, bombed somewhere in the range of 1930 and 1933.
How much was the GDP when there was a Great Depression?
GDP in the United States dropped to just 57 billion U.S. dollars in 1933, the lowest level ever recorded, before rising shortly before the Second World War.
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as the service level increases, the probability of not running out of stock during a cycle decreases.
As the service level increases, the probability of not running out of stock during a cycle decreases. This statement is TRUE.
What is service level?
The cycle service level in supply chain is the anticipated likelihood that a stock-out won't occur during the subsequent replenishment cycle, and as a result, it is also the likelihood that sales won't be lost. The lead time is inherently related to the cycle duration. The probability of being able to meet client demand without experiencing a backorder or missed sale can also be used to define service level. While a 100% service level—that is, serving every customer all the time—might seem ideal, it is typically not a practical choice.
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pop culture clothiers, inc., sells t-shirts to trendwell stores, inc., under an existing contract. when textile costs increase, trendwell agrees to a price increase, but later wants to cancel the contract. trendwell may cancel the contract immediately. cancel the contract only after accepting a final shipment. cancel the contract only on reasonable notice. not cancel the contract.
The brand may revoke the written revision to raise the price if there are any missing considerations.
This can happen if, despite the fact that the price was predetermined by their previous contract, the brand accepts in the written agreement to a price increase requested by trend. If a brand violates one or more of the contract's specified requirements, you may be entitled to terminate the agreement. Contract termination is referred to as a "breach" in the legal community, but in order to do so, you must establish that there was a significant breach. Delicioso is not permitted to cancel the contract because a new contract supersedes the previous one and bears the new price rise. Deliciso will suffer a loss if it decides to cancel the contract since it would be required to pay damages and other penalties for breaking the agreement with Coffee Roasters Inc. Delicioso must complete the contract before renegotiating another one in light of this.
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