To show that a process waits until a response from the customer is received, the event flow object is used.
In the business process model and notation diagram (BPNM), flow objects refer to objects which are connected together to form a complete process flow. An event is one such flow object. The event flow object signals that something happens during the course of a process. In the given case where a process has to wait to proceed further until a customer response is received, the event flow object with an intermediate event is used.
It is because, when an already underway process waits for the customer's response, it triggers an intermediate event within a process. The intermediate event has a cause e.g., waiting for the customer's response, and a result e.g., redirecting the flow of the process upon receiving the response from the customer.
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What is a plan that details how a company creates, delivers, and generates revenues?
A business model describes how a corporation produces, delivers, and generates income.
In economic, social, cultural, or other contexts, a business model explains how it develops, delivers, and captures value. Business model innovation is another name for the process of creating and changing a business model, and it is a component of business strategy.
The term "business model" is used in both theory and practice to refer to a wide range of informal and formal descriptions that characterize the fundamental elements of an organization or business, such as its mission, its core processes, its target clients, its offerings, its strategies, its organizational structures, its sourcing methods, its trading practices, and its operational processes and policies, including its culture.
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the definition of the goods or services that has been produced
Generally speaking, but not always, goods are tangible objects, whereas services are neither tangible nor physical yet are nevertheless in high demand among consumers.
What do the terms "goods" and "services" mean?A tangible object that buyers want or own is a good. Despite not being a material or physical object, consumers nevertheless desire services. A service can frequently be delivered remotely as well. The terms "goods" and "services" collectively describe what people consume and pay for.
An economic system's output is goods and services. Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services.
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What distinguishes the successful implementation of abc costing method from those that have not succeeded?
The factors that distinguish the successful implementation of the ABC costing method from those that have not succeeded are:
1. The system has top management support.
2. The ABC methods are understandable and explainable.
3. The system is accessible.
4. Internal people take ownership of the system.
What is a Costing Method?The costing method is the strategy used by an organization to gather cost information in a more acceptable way. The types of products being made dictate the various approaches that are used by various firms.A system of cost estimation and cost accounting is referred to as the method of costing. Different industries have different natures, create different goods, and provide different services. As a result, different industries employ various costing techniques.To learn more about Costing methods, refer to:
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4. assuming the intracompany demand for service will average 205 hours per month, what level of commercial revenue hours of computer use would be necessary to break even each month?
The company would need would need 177.39 commercial hours to break even each month.
Intracompany Hours = 205.00
Intracompany CM / Revenue Hour = 371.30
Total CM = 76,116.69
Remaining FC that must be covered by Commercial = 136,822.31
Commercial CM / Revenue Hour = 771.30
Commercial Revenue Hours needed to break-even = 177.39
What is commercial hours?Business hours are the times of day when transactions are typically made. Regular business hours differ greatly from country to country. Employees can communicate with one another more easily and create a convenient separation between work and home life by adhering to common informal standards for business hours.
The most typical full-time workweek consists of 40 hours and runs from 9:00 AM to 5:00 PM, Monday through Friday. While most full-time work schedules typically consist of one shift per day, there are some jobs (like retail) where there may be multiple shifts, but the total number of hours worked will still be 35 to 40 per week.
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______ source is any proprietary software licensed under exclusive legal right of the copyright holder.
Closed Source is any proprietary software licensed under exclusive legal right of the copyright holder.
What is Closed Source ?
Software with a closed source is one for which the source code is not publicly accessible. It is created and made available to the user as a series of fully built, executable files. After a user makes a purchase, the developer frequently offers assistance to make sure the software performs as planned. The user is unable to modify the software since they are not given access to the source code.
Although it occasionally is offered for free, closed source software is often sold to end users. It's important to note that when buying software, the buyer buys a license to utilize it rather than the actual product.
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Corporate managers are expected to make corporate decisions that are in the best interest of:________
Corporate managers are expected to make corporate decisions that are in the best interest of stakeholders.
What are stakeholders?A stakeholder is either an individual, group or organization that’s impacted by the outcome of a project or a business venture. Stakeholders have an interest in the success of the project and can be within or outside the organization that’s sponsoring the project. Stakeholders are important because they can have a positive or negative influence on the project with their decisions. There are also critical or key stakeholders, whose support is needed for the project to exist.A stakeholder is a person, like any other member of the project, and some are easier to manage than others.
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On august 1 of year 1 presco enterprises paid $1,200 cash for an insurance policy that would provide protection for a one year term. The company’s fiscal closing date is december 31. Based on this information, the amount of insurance expense appearing on the year 1 income statement would be.
On august 1 of year 1 presco enterprises paid $1,200 cash for an insurance policy that would provide protection for a one year term. The company’s fiscal closing date is december 31. Based on this information, the amount of insurance expense appearing on the year 1 income statement would be zero.
When an expense is recorded at the identical time it's got with cash, the cash (asset) account declines, while the quantity of the expense reduces the retained earnings account. Thus, there are offsetting declines within the asset and equity sections of the record.
Paying cash to buy supplies is an asset exchange transaction. Total assets aren't affected. The asset insurance account (cash) and therefore the liability account (unearned revenue) increase. The revenue recognition is deferred until the services are literally performed.
Unearned revenue may be a liability account that appears on the record. Collecting cash for services to be provided within the future is an asset source transaction.
The asset account (cash) and therefore the liability account (unearned revenue) increase. The operating insurance statement isn't affected. A cash inflow from operating activities would be shown on the statement of money flows.
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At an annual interest rate of 14 percent, about how many years will it take $100 to double in value?
At an annual interest rate of 14 percent, about 5 years it take $100 to double in value.
In finance and economics, interest is charge from a borrower or deposit-taking economic institution to a lender or depositor of an amount above reimbursement of the major sum, at a particular fee. it's far wonderful from a rate which the borrower can also pay the lender or a few 0.33 birthday celebration.
Interest is the price you pay to borrow money or the cost you fee to lend money. interest is most often meditated as an annual percentage of the quantity of a mortgage. This percent is known as the interest charge at the loan.
Interest is described as the quantity of money paid for the usage of a person else's money. An example of hobby is the $20 that turned into earned this year to your financial savings account. An instance of interest is the $2000 you paid in hobby this 12 months on your private home loan.
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Your friend tammy just got a part-time job so she can afford to attend a school trip abroad later this school year. Tammy gets a paycheck on the 1st of every month, and a cash payment is due to the international club advisor by the 3rd of every month with no exceptions. More than one late payment results in being removed from the trip. What recommendation do you have for tammy?.
The recommendation for Tammy should be 'sign up for direct deposit with her employer so that the money is already in her account the morning of the 1st'.
Direct deposit allows the employer to send money to the bank account of his employees directly. Such a method is reliable as it takes less time and less work. Other methods, such as checks, require time as well as trips to the bank in order to get the check approved.
If Tammy uses a direct deposit method, then she can receive her pay 1st itself. In this way, she will have two more days to submit her payment to the international club advisor. Also, she wouldn't have to take up any leave for walking to the bank and getting into time-taking procedures at the bank.
Although a part of your question is missing, you might be referring to this question:
Your friend tammy just got a part-time job so she can afford to attend a school trip abroad later this school year. Tammy gets a paycheck on the 1st of every month, and a cash payment is due to the international club advisor by the 3rd of every month with no exceptions. More than one late payment results in being removed from the trip. What recommendation do you have for tammy?
a. Sign up for direct deposit with her employer so that the money is already in her account the morning of the 1st
b. Use her 15-minute break during work on the 1st of each month to run to the check cashing business; hopefully she doesn't get delayed by long lines and return to work late, which will anger her boss
c. Deposit the check through her mobile app on the 1st of the month and do a cash withdrawal from the ATM each month on the 2nd; hopefully the check clears in time to avoid fees
d. Sign up for overdraft protection, withdraw the money from an ATM regardless of whether the funds are there in time, and just pay the $35 overdraft fee
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A business purchasing inventory on credit creates a liability known as:_________
a. accounts receivable.
b. inventory.
c. accounts payable.
d. supplies.
The Correct answer is C. Accounts payable is thought as a business purchasing inventory.
Accounts payable (AP) may be a short-term debt and a liability on a record where a business owes money to its vendors/suppliers that have provided the business with goods or services on credit. Accounts payable is additionally named because the department that handles vendor invoices or bills and records the short-term debts within the book of account (GL). The AP department will verify invoices against (purchase) orders and make sure the goods or services were received before issuing payment to their vendors. Therefore correct answer is C, Accounts payable.
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_______ involves a company trying to move its products through the channel by convincing channel members to offer them and entice customers to buy them.
A push strategy involves a company trying to move its products through the channel by convincing channel members to offer them and entice customers to buy them.
A push strategy is a marketing strategy in which companies take their products to their customers. The goal of this strategy is to get the product in front of customers directly through trade shows and point-of-sale displays.
When it comes to marketing your product, there are numerous strategies you can employ to get your merchandise in front of your customers. There are two primary methods for selling your product: push and pull. Each strategy has advantages depending on your infrastructure and the type of small business you own.
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Tissues that produce large amounts of secretions, such as the gastric glands of the stomach, contain cells with large numbers of:________
Tissues that produce large amounts of secretions, such as the gastric glands of the stomach, contain cells with large numbers of Golgi apparati.
The stomach's lining contains glands called gastric glands that are crucial to the digestion process. Foveolar cells that secrete mucus are present in every gland. The entire stomach is lined with mucus, which shields the lining from the effects of hydrochloric acid released by other glandular cells.
The synthesis and secretion of gastric juice are carried out by these glands. The stomach and gastric pit epithelium is entirely composed of mucous columnar cells. The gastric mucosa is shielded from acid and enzymes in the lumen by the mucus produced by these cells.
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Profit maximization fails to provide an appropriate goal for financial managers because.
Profit maximization fails to provide an appropriate goal for financial managers because it lacks a time dimension it ignores risk.
What is profit maximization?
Profit maximization is the primary intention of any business, and consequently it's also an goal of monetary management. In monetary control, it represents the procedure or the technique by which income incomes consistent with percentage (EPS) is improved.
It enables in attaining the gadgets to maximize the business operation for earnings maximization. The ultimate goal of any commercial enterprise is to earn a large quantity of go back in terms of earnings. for this reason, this goal of financial control considers all the viable approaches to boom the profitability of the enterprise situation.
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Under standard accounting rules, it is possible for a company liabilites to exceed its assets. when this accours, the owners equity is negatrive. can this happen with market values? why or why not
YES. Under standard accounting rules, it is possible for a company's liabilities to exceed its assets. when this occurs, the owner's equity is negative.
The worth of an asset might increase or decrease because market value is determined by how much it is WORTH. When something becomes useless, its value can significantly decline from where it once was. For instance, if you had a firm that produced flip phones, but no one continued to buy them the following year, your production facility would be worthless.
Unfortunately, the bank still desires to recover its loan in the situation above. The flip phone company's issues with value are unimportant to the bank. The bank will make an effort to recover what is still owed to it.
YES. Under standard accounting rules, it is possible for a company's liabilities to exceed its assets. when this occurs, the owner's equity is negative.
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According to marginal thinking, an individual will continue to consume until after the benefit of additional consumption ________ its cost.
According to marginal thinking, an individual will continue to consume until after the benefit of additional consumptions is less than its cost.
What is Marginal cost?
In economics, the difference in total cost caused by increasing the quantity produced is known as the marginal cost, sometimes known as the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount. The marginal cost, which is shown in Figure 1 to be measured in dollars per unit while total cost is shown to be in dollars, is the slope of the total cost, or the rate at which it increases with production. The difference between average cost, which is the total cost divided by the quantity produced, and marginal cost is called the margin.
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What role does the securities and exchange commission fulfill with regard to corporations?.
The securities and exchange commision plays the role of regulating stock market.
The Securities and Exchange Commission is the national government regulatory body tasked with policing the corporate sector, players in the capital markets, the market for securities and investment instruments, and the general public’s protection.
The Securities Act, which was passed on October 26, 1936, established the Commission and gave it authority over exchanges, brokers, dealers, sales people, and the sale and registration of securities. Later legislation were passed to expand the Commission’s authority, stimulate investments, and more engaged public engagement in the operations of private firms and enterprises.
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What are some of the potential difficulties in approaching strategic planning from a balanced perspective?
some of the potential difficulties in approaching strategic planning from a balanced perspective Traditional planning does not measure intangible assets.
What does it means.
Intangible assets are not taken into account in traditional planning. Companies that approach strategy from four perspectives—financial, customer, internal process, and learning/growth—can perform better. Customer satisfaction is related to customers.
Internal procedures have to do with managing the organization's operations and human resources. Learning and development are related to culture, as well as staff expertise and training.
The typical financial perspective only considers previous success, not current performance, and it does not fully explain what is happening in the organization. Losing sight of the company's profitability and being unable to multitask and pay attention to various aspects of the business may be challenges with the balanced perspective.
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A low-volume process that produces customized products is called a:__________
A low-volume process that produces customized products is called a job shop.
What is job shop?Job shops are typically small manufacturing systems that handle job production, that is, custom/bespoke or semi-bespoke manufacturing processes like small to medium-sized customer orders or batch jobs. When a job shop finishes one job, they typically move on to another.
Typically, they are companies that manufacture custom parts for other companies. A wide variety of businesses, including machine tool shops, machining centres, paint shops, commercial printing shops, and other manufacturers who produce customised goods in small lot sizes, are examples of job shops.
Fewer machines are needed to produce a wide range of products in job shop manufacturing because all machines are used fully and efficiently. Due to the relative low number of machines, job shop manufacturing requires less investment.
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A+business+magazine+mailed+a+questionnaire+to+the+ceos+of+the+top+500+companies,+asking+how+many+hours+per+week+they+work,+on+average.+they+received+responses+from+2%+of+them.
Population parameter - The percentage of all directors that feel intruded significantly on their workday by such surveys. The population of interest is all Fortune 500 human resource directors.
Variable of interest - Whether Fortune 500 directors feel intruded significantly on their workday by such surveys.
Sample size - 115 (23% of 500)
Sample - 23% of the Fortune 500 human resource directors responded to the survey.
Sample statistic for the target population parameter - The percentage of all Fortune 500 directors that feel intruded significantly on their workday by such surveys. A mail-in survey is a survey tool in which respondents post their responses to the researcher. A cover letter is mailed to the recommended respondent, who then mails it to the research institution. An email survey is a form of survey that is sent to specific people.
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A (n) ________ does not take title to goods and represents buyers or sellers on a more permanent basis.
a. retailer
b. agent
c. industrial distributor
d. full-service wholesaler
An Agent does not take title to goods and represents buyers or sellers on a more permanent basis.
When someone is referred to as an agent, it means that they have the right to act as an agent for another party. An agent is a middleman who acts as a representative for either the buyer or the seller, does not acquire ownership of the products, and is paid a commission for services rendered.
A military service or agency that supplies to another military service or agency under the Defense Materiel Utilization Program is referred to as an agent. An agent is a wholesaler who does only a few tasks, does not take title to the goods, and regularly represents buyers or sellers. Four categories exist:
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Value added equals the market price of the firm's product minus :_________
Value added equals the market price of the firm's product minus cost of goods and services
A company with the experience and knowledge to take a digital product from conception to launch is known as a digital product firm, which is also frequently referred to as a product studio. This is referred to as end-to-end at AWH. A product firm like ours, as opposed to a more constrained design or development firm, has a multidisciplinary team across the various disciplines necessary to make a digital product and is not only capable of doing one component of it. It's important. Why? Because ongoing iteration between product designers and users leads to the development of the best products.
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A six-month $7200 treasury bill sold for $. what was the simple annual discount rate?
The annual discount rate on treasury bill will be $ 3.70
Given, Face value of T-bill = $ 7,200
Sale value of T-bills = $ 6934
Difference = $ 7,200 - $ 6934 = $ 266
Annual discount rate = difference/ face value *100
= $266/7,200*100
= 3.70 %
Treasury bills are approved when the state requires finances for a brief period of time. These bills are only issued by the federal government, and the interest rate on them is ascertained by forces of supply and demand. Treasury bills, also known as T-bills, have a maximum maturity of 364 days. As a consequence, they are characterized as money market instruments. (Money market deals with funds with a maturity of less than a year).
Treasury bills have an added benefit over all other financial products due to their negligible weightage. T-Bills have a very active secondary market and a high degree of tradability.
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The complete question is here:
A six-month $7200 treasury bill sold for $6934. what was the simple annual discount rate?
At the end of march, paul’s painting hired five temporary employees to work on a project that began on april 5 and ended on april 28. Paul’s received 100% of the total payment for the project on may 3. In this situation, both ________ accounting and gaap require that paul’s recognize the employees’ total salary expense in.
The correct answer is that both accounting and GAAP require that Paul should recognize the employee’s total salary expense in accrual basis.
Accrual basis of accounting: Revenue is taken into account for each time when it is earned under this method. In comparison to the cash accounting, the accrual method records earnings whenever a product and services is conveyed to the client with the possibility of future reimbursement. To put it another way, cash is taken into account for before it is received. Similarly, costs for products and services are noted before any money is paid for them.
The accrual basis accounting is mainly used by large companies or public companies because it makes their earning smooth over time.
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Small businesses account for ________ of the gross domestic product (gdp).
a. 21 percent
b. 32 percent
c. 46 percent
d. 68 percent
e. 82 percent
Small businesses account for 68 percent of the gross domestic product (GDP).
Gross domestic product is a monetary measure of the market value of all final goods and services produced by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.
When calculating GDP using the expenditure approach, the components are consumption, investment, government spending, and imports and exports.
Gross Domestic Product (GDP) is the sum of final consumption expenditure (household, NPISH and general government), gross fixed capital formation, change in inventories, exports of goods and services minus imports of goods and services .
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Professors at bloomington university must follow strict guidelines when it comes to planning and delivering course material. This is an example of low?.
Professors at Bloomington university must follow strict guidelines when it comes to planning and delivering course material. This is an example of low autonomy.
Such a system under which an employee has the right to self-govern himself in order to reach an outcome is referred to as autonomy in business.
However, if a person is not allowed self-governance and has to follow strict guidelines for a task then this is an example of low autonomy.
As professors at Bloomington university are required to follow a set of strict guidelines in order to plan and deliver their course material, hence this is a representation of low autonomy.
Places, where strict guidelines are used, may have their own benefits as well as disadvantages. Under these guidelines, a person may work thoroughly.
Although a part of your question is missing, you might be referring to this question:
Professors at Bloomington University must follow strict guidelines when it comes to planning and delivering course material. This is an example of low
a. task significance.
b. autonomy.
c. hierarchy.
d. skill variety.
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Producer's risk is the probability of:________
a. rejecting a good lot.
b. accepting a good lot.
c. accepting a bad lot.
d. rejecting a bad lot.
e. none of these.
A producer's risk is the probability of rejecting a good lot.
Producer's risk is the probability that a very good product may be rejected as an awful product via the purchaser. It calculates the possibility of loss from (1) rejecting a batch which, in fact, needs to were widespread, or (2) accepting a batch that, in fact, can be rejected by using the patron.
Which means that there are styles of dangers that can occur: The chance that made of unsatisfactory satisfaction can be conventional (consumer's risk) The chance that excellent best product could be rejected (producer's hazard).
The mistake of rejecting an amazing-satisfactory lot creates a hassle for the Producer; the opportunity of this mistake is known as the manufacturer's chance.
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Rive-up has sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million. the profit margin is 3.7 percent. what is the return on equity?
The return on equity of Rive-up whose sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million is 9.15.
Return Of Equity = Profit margin (sales)/ (total assets - debt)
= [.037($31.4m)]/($27.6m − 14.9m)
Return Of Equity = .0915, or 9.15%
A metric of financial performance that is known as return on equity (ROE) can be obtained by dividing net income by shareholders' equity. ROE is the return on net assets because shareholders' equity is determined by deducting a company's debt from its assets. ROE is thus regarded as a barometer of a firm's profitability and how well it produces profits. The management of a firm is more effective at generating income and growth from its equity financing the higher the ROE. Any corporation can calculate its ROE in percentage form if its net income and equity are both positive figures. Before dividends given to common shareholders, after payouts to preferred shareholders, and before interest paid to lenders, net income is computed.
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1.Which is a form of passive income? (1 point)
A.Owning rental property
B.Teaching golf
C.Wages from a part-time job
D.Trading stocks
The form of passive income is option C. Wages from a part-time job. Wages from a part time job is not the active income. It comes as an additional income to the main income coming from the main job.
Wages complement the income coming from the main job. Wages is a form of pay that comes on the basis of work done per time or week or period defined.
What is a passive income?Passive income is a type of unearned income that is acquired automatically with minimal labor to earn or maintain. Passive income is often combined with another source of income, such as a side hustle. In the United States, the IRS divides income into three categories: active income, passive income, and portfolio income.
Therefore, the correct answer is option C. Wages from a part-time job.
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Answer:owning rental property
Explanation: just took the test
Profit maximization fails to provide an appropriate goal for financial managers because.
Profit maximization fails to provide an appropriate goal for financial managers because It allows in achieving the objects to maximize the business operation for profit maximization. The ultimate goal of any enterprise is to earn a large amount of go back in phrases of income. as a result, this goal of financial management considers all of the viable ways to increase the profitability of the enterprise concern.
Profit maximization is the primary purpose of any business, and therefore it's also an goal of financial control. In monetary management, it represents the manner or the method by using which income incomes in keeping with percentage (EPS) is extended.
Even as profit maximization in monetary control has the potential to bring in extra money within a brief-time period, lengthy-time period incomes may be notably dwindled. Reducing production high quality for the sake of improved income will harm your brand, disappoint clients, and allow competitors to thieve your enterprise.
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You purchase one september 50 put contract for a put premium of $2. what is the maximum profit that you could gain from this strategy?
Businesses are best positioned to maximize their profits when marginal costs, or the change in expenses brought on by creating a new item, are equal to marginal revenues - $4800
50100 - 2100 = 5000 - 200 = 4800
100 shares are included in an option agreement.
Profitability can be influenced by four key factors. Costs are decreasing, turnover is increasing, production is increasing, and efficiency is increasing. You can expand into new market categories or create brand-new products or services. In economics, the equation MC = MR, where MC stands for marginal expenses and MR for marginal revenue, is used to represent the profit maximization rule.
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