the breakeven point in units increases when unit costs a. remain unchanged and sales price increases. b. decrease and sales price increases. c. decrease and sales price remains unchanged. d. increase and sales price remains unchanged.

Answers

Answer 1

The breakeven point in units increases when unit costs d. increase and the sales price remains unchanged.

The break-even point will boom by any of the subsequent: An increase in the quantity of the company's constant costs/costs. A boom within the per unit variable charges/charges.

A low breakeven factor approach that the enterprise will begin making a profit quicker, whereas an excessive breakeven point means extra services or products that want to be sold to attain that factor.

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Related Questions

what role did the silver trade play in the atlantic slave trade? please choose the correct answer from the following choices, and then select the submit answer button. demand for silver in africa was high, and slaves were typically purchased with this precious metal. europeans used the silver to buy cowrie shells, indian textiles, and other goods much in demand in africa. incorrect: demand for labor to work in the great silver mines of the americas was a driving force in the atlantic slave trade. demand for labor to work in the great silver mines of the americas was a driving force in the atlantic slave trade. incorrect: silver was used to pay european mercenaries, who served as slave raiders along the african coast. silver was used to pay european mercenaries, who served as slave raiders along the african coast.

Answers

The silver trade play in Atlantic slave trade role is demand for silver in Africa was high, and slaves were typically purchased with this precious metal. Europeans used silver to buy cowrie shells, Indian textiles, and other goods much in demand in Africa.

The Atlantic slave trade, transatlantic slave change, or Euro-American slave trade worried about the transportation via slave traders of enslaved African people, mainly to the Americas. The slave alternates often used the triangular alternate route and its centre Passage and existed from the 16th to the 19th centuries. The huge majority of individuals who had been transported within the transatlantic slave trade have been humans from important West Africa that had been sold via different West Africans to Western European slave investors, at the same time as others were captured at once by way of the slave traders in coastal raids; Europeans amassed and imprisoned the enslaved at forts at the African coast and then delivered them to the Americas.

Except for the Portuguese, ECU slave traders typically did now not take part in the raids because existence expectancy for Europeans in sub-Saharan Africa turned into much less than one year for the duration of the length of the slave trade (which was previous to the massive availability of quinine as a treatment for malaria). The colonial South Atlantic and Caribbean economies were mainly depending on labor for the manufacturing of sugarcane and different commodities. This turned into viewed as vital via those Western European states which, within the overdue seventeenth and 18th centuries, had been vying with each other to create remote places empires.

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control charts are a tool to help monitor forecast accuracy. group of answer choices true false

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Control charts are a tool to help monitor forecast accuracy, This statement is false.

What is the main purpose of doing a short term forecast?

The cash inflows and outflows over a shorter time period are examined in short-term forecasting. There are three common projection timespan options: 30, 60, and 90 days.

This is used by financial professionals to forecast short-term liquidity issues and decide which short-term investments to make.

Contrary to popular belief, short-term predicting is less reliable than long-term forecasting. By applying sound economic theory and econometric methods, the variables in which I'm interested can be predicted rather reliably.

Although there are countless metrics for measuring forecast accuracy, the majority of them are versions of the following three: forecast bias, mean average.

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orange corporation has budgeted sales of 16,000 units, targeted ending finished goods inventory of 4,000 units, and beginning finished goods inventory of 2,000 units. how many units should be produced next year? a) 22,000 units b) 20,000 units c) 18,000 units d) 16,000 units

Answers

The items that are sold to the customer make up the third and final category of inventory that manufacturing businesses use for accounting purposes.

Products that are manufactured begin as raw materials and progress through the work-in-progress (WIP) stage during production.

The city that needs to be calculated:

Ending finished goods inventory units in Budget increase.

16,000 4000.

Lest. The initial number of finished goods inventory units that will be produced is 20,000, or 18,000 in 2000. As a result, the answer is b. 18,000 Unity.

What kinds of finished goods inventory are there?

Clothing, food, and electronics are all examples of finished goods. Since it has completed the process and is ready to be sold to customers directly or to other businesses, this term simply refers to the finished product.

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Which of the following is not a correct way of calculating a liquidity ratio?
A- Current Ratio = Total Assets / Total Current Liabilities
B- Liquidity Ratio = Liquid Assets / Short-term Liabilities
C- Operating Cash Flow = Current Liabilities / Operating Cash Flow
D- Quick Ratio = (Current Assets - Inventories - Prepayments) / Current Liabilities

Answers

Option C -Operating Cash Flow = Current Liabilities / Operating Cash Flow s not a correct way of calculating a liquidity ratio.

Liquidity ratios are a measure of a company's ability to settle its short-term payments. A company has the ability to quickly exchange its revenues and is using them to pay his obligations is dictated by its liquidity ratios. The potential to pay back debts and keep engaged on installments is simpler the better the ratio. Since this can vary by industry, and current ratio of 1.0 usually signals that a group's debt do not exceeding its liquid assets. In enterprises in which there is a quicker product changeover and/or shorter payment cycles, ratings below 1.0 may be acceptable.

Absolute liquidity ratio =(Cash + Marketable Securities)÷ Current Liability.

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suppose a commercial banking system has $100,000 of checkable deposits and actual total reserves of $35,o00. if the reserve ratio is 20%, the banking system can potentially expand the money supply by the maximum amount of:

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The banking system may be able to increase the money supply by up to 75,000.

What causes the money supply to grow?

Each dollar placed into an account results in an increase in the overall amount of reserves maintained by a bank. While retaining part of the required reserves on hand, the bank will give out just the additional reserves. When such a loan is made, the financial sector is boosted. Banks "generate" money in this way to expand the available supply.

Briefing:

Actual reserves less necessary reserves equal 35000 - (0.20 * 100000) = 15000.

Expanding the money supply is calculated as 15000 divided by 0.20 equals 75000.

When you think about that, banks have a big impact on a lot of our daily activities. We open savings accounts, request for loans, and deposit our paychecks at banks. So what do banks actually do. In order to find solutions to these issues, let's first look into the many bank types that comprise a banking system.

A network or collection of businesses that provide us with financial services is known as a banking system. These agencies are in charge of managing the financial system, providing investment advice, and disbursing loans and deposits.

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carmen company has an asset that cost $5,000 and currently has accumulated depreciation of $2,000. suppose the firm sold the asset for $2,500 and is subject to a 30% income tax rate. the net after-tax cash flow of the disposal is:

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Supposing the Carmen company sold the asset for $2,500 and is subject to a 30% income tax rate. the net after-tax cash flow of the disposal is $500.

Taxation refers to national policies and personal behavior aimed at ensuring that taxpayers pay the right amount of tax at the right time and trying to secure the correct tax allowances and tax reliefs.

A tax is a mandatory costs and service or some other type of levy imposed on a ratepayer by a governmental organisation in order to fund government expenditure and various public expenditures. The majority of nations have a tax system in place to cover social, public, or collectively agreed upon national demands as well as governmental activities.

Hence the correct option is B.

The above question is incomplete, the complete question is-

Carmen Company has an asset that cost $5,000 and currently has accumulated depreciation of $2,000. Suppose the firm sold the asset for $2,500 and is subject to a 30% income tax rate.

60. The loss on disposal would be:

A. $350.

B. $500.

C. $650.

D. $2,500.

E. none, because the transaction produced a gain.

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jeannine is aware that her company's is needs a serious upgrade, and others in her department respect her opinion about this. which is likely the most appropriate strategy for convincing jeannine to adopt a new is?

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Jeannine is aware that her company's is needs a serious upgradeBy offering her help getting started with the new system, you can persuade Jeannine to adopt a new IS.

A formal, socio-technical organizational system created specifically to gather, process, store, and distribute information is known as an information system. Information systems are made up of four elements from a socio-technical standpoint: task, people, structure, and technology.

Planning, analysis, design, and implementation are the four stages that all information systems projects must go through. The system development life cycle includes these stages (SDLC).

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supply chain coordination requires each stage of the supply chain to take into account hte impact its actions have on other stages

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Each stage of the supply chain must cooperate in order to coordinate, and each stage must also consider how its actions will affect the others. Either local objectives at various supply chain stages contradict with one another or information is delayed and misinterpreted as it moves between stages, which leads to a lack of coordination.

Why is supply chain coordination important?

Each stage of the supply chain must cooperate in order to coordinate, and each stage must also consider how its actions will affect the others. If all chain nodes work in a coordinated manner to raise overall supply chain surplus, supply chain coordination will improve.

Why do the supply chain's various stages each have their own goals?

Each level strives to maximize its own earnings as a result, which frequently leads to decisions that lower overall supply chain profits. Because comprehensive information is not exchanged between stages, information is frequently skewed as it goes through the supply chain in addition to each level concentrating on its own goals.

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an investor expects a return of 18% on his portfolio with a beta of 1.25. if the expected market risk premium increases from 8% to 10%, what return should he now expect on the portfolio?

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An investor expects a return of 18% on his portfolio with a beta of 1.25. 20.5% Working: As per Capital Asset Pricing Method, Expected Return on the portfolio.

In monetary accounting, an asset is any resource owned or managed with the aid of a commercial enterprise or an financial entity. it's miles anything that may be used to produce wonderful economic price. property constitutes fee of ownership that can be transformed into cash.

The property includes physical objects which include machinery, assets, uncooked materials, and inventory, and intangible objects like patents, royalties, and other highbrow belongings.An asset is a useful resource with financial cost that an individual, organization, or united states owns or controls with the expectancy that it will offer a destiny gain. assets are stated on a enterprise's stability sheet. they are categorized as current, constant, monetary, and intangible.

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the logic of the exchange-rate effect begins with a change in the price level changing the interest rate. a. true b. false

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It is TRUE that, The logic of the exchange-rate effect begins with a change in the price level changing the interest rate.

A currency's exchange rate is the price at which it will be exchanged for another currency.The majority of exchange rates are considered to be "floating," meaning that they can change according to market supply and demand.There are some exchange rates that are fixed or pegged to the value of a particular nation's currency.Exchange rate fluctuations have an impact on businesses by altering the cost of imported supplies and the demand for their goods from foreign consumers.An acronym for the national currency a rate of exchange represents is frequently used when quoting it.Rate changes can happen hourly, daily, in large incremental shifts, or both.

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those who favor programs aimed at reducing inequality argue that these programs: select one: a. provide a financial incentive to work harder. b. provide a financial incentive to invest in human capital. c. help reduce poverty. d. discourage firms from discriminating in their hiring.

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Those who favor programs aimed at reducing inequality argue that these programs (c) help reduce poverty.

Inequality refers to the phenomenon of unequal and/or unjust distribution of assets and opportunities among contributors of a given society. The time period inequality may also mean different things to distinct humans and in one-of-a-kind contexts.

Inequality—the country of not being equal, particularly in fame, rights, and opportunities—is a idea very an awful lot on the heart of social justice theories. however, it's miles susceptible to confusion in public debate because it tends to intend different things to distinctive people. some differences are not unusual even though.

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What are the factors of stability that make up political risk unit of measure?
I. Strengths against shocks
II. Shock absorbers
III. Shocks themselves

A. I only
B. II only
C. III only
D. I and II
E. II and III
F. I and III
G. I, II, and III

Answers

Option F is correct, the factors of stability that make up the political risk unit of measure are: - I. Strength against shocks and III. Shock themselves.

A political risk is a form of hazard faced by traders, agencies, and governments that political selections, occasions, or conditions will substantially affect the profitability of a business actor or the expected cost of a given monetary motion. The political threat may be understood and managed with reasoned foresight and funding.

The time period of political risk has had many special meanings over time. widely speaking, however, political chance refers to the headaches organizations and governments may also face as a result of what is usually referred to as political choices—or "any political alternate that alters the expected final results and cost of a given monetary movement through changing the opportunity of attaining commercial enterprise goals".

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What makes homelessness an interdisciplinary problem?

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Homelessness is an interdisciplinary issue since it cannot be solved by a single field of study, and we must take into account several viewpoints in order to discover a workable solution.

What is Interdisciplinary problem?

The blending of many academic fields into a single endeavor is known as interdisciplinarity or interdisciplinary studies. It incorporates information from many other disciplines, including sociology, psychology, economics, etc. It involves generating something by thinking outside the box.

A cooperative process to interdisciplinary learning is one that involves instructors and students working together to solve open-ended, real-world issues that are clearly relevant to both their own lives and the greater society. Interdisciplinary studies are frequently used in literature to solve complex problems that are too broad for one subject to adequately cover.

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Divide whole numbers and decimals involves a repetitive process of estimating a quotient, multiplying and subtracting.

At each step multiply the divisor with the largest possible number, subtract it from the original number to get the remainder and bring one extra digit down, repeat the process till a remainder is obtained and no digits could be brought down.

Answers

Dividing whole numbers and decimals involve a repetitive process.The process of dividing whole numbers and decimals is described down.

Considering, to divide 67.5 by 4  the given instructions are for the whole numbers and decimals , estimating a quotient, multiplying, and subtracting. At each step multiply the divisor with the largest possible number, subtract it from the original number to get the remainder and bring one extra digit down, repeat the process till a remainder is obtained and no digits could be brought down

Now estimating the quotient which is 67.5/4 ~= 16.875.

Step 1: 4 x 16 = 64 (Subtract 64 from 67.5 to get 3.5) .

Step 2: 4 x 3 = 12 (Subtract 12 from 3.5 to get 1.5)

Step 3: 4 x 1 = 4 (Subtract 4 from 1.5 to get 0.5)

The remainder is 0.5, hence the answer is 16.875 remainder is 0.5

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When a stock dividend is declared, which of the following accounts is credited?
A) Common Stock
B) Dividend Payable
C) Stock Dividends Distributable
D) Retained Earnings

Answers

The account that is credited when a stock dividend is declared is C) Stock Dividends Distributable.

How to record stock dividend ?

When a stock is first declared then the record for this would be to first debit the Retained Earnings account. This is because the dividends come from retained earnings as part of profit.

The account that would be credited is the Stock Dividends Distributable. This account would act as the account that dividends are transferred to temporarily, until the dividends are paid. When this happens, this account is to be debited and cash, credited.

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Answer: C) Stock Dividends Distributable

Explanation:

A patent that has a legal life of 20 years and a useful life of less than 20 years should

A : be amortized over its useful life
B : be amortized over 20 years regardless of its useful life
C : be expensed in the year of acquisition
D : not be amortized

Answers

A patent that has a legal life of 20 years and a useful life of less than 20 years should A : be amortized over its useful life.

What do you mean by useful life?

The term "useful life" refers to the estimated time that various corporate assets, such as buildings, machinery, equipment, vehicles, electronics, and furnishings, will be useful. Estimates of useful life end when assets are anticipated to become obsolete, need significant maintenance, or stop producing profitable results. Depreciation schedules used to write off costs associated with the purchase of capital goods might employ the estimation of each asset's useful life, which is measured in years. An asset's "useful life" is an accounting estimate of how long it will likely continue to be used for cost-effective revenue generating.

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a retail company is trying to promote its new clothing line to a large audience, but still have control over the message. what element of the promotional mix should the retail company focus on?

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the retail company should focus on elements of the promotional mix such as advertisement.

What is an advertisement?

Advertising sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade. Direct mail, comparative, cooperative, educational, and outdoor advertising are a few types of product advertising. Television, radio, print, websites, social media, outdoor/billboards, and digital placement are all examples of advertising channels. It can happen on a variety of platforms, including print, radio, television, and digital media. Persuading someone to purchase a product or take an action is the primary objective of advertising.

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Which of the following best describes a monetary policy to? a) interest rates
b) taxes
c) household savings
d) government spending

Answers

The right response is a) interest rates. The central bank utilises this strategy in conjunction with other monetary policy instruments to change the money supply. Inflation can be managed thanks to this as well.

What phrase best sums up monetary policy?

A nation's monetary policy is a set of measures taken to promote economic growth and manage its total money supply. Adjusting bank reserve requirements and changing interest rates are examples of monetary policy strategies. Typically, monetary policy is categorised as either expansionary or contractionary.

What is another name for monetary policy?

Either an expansionary or a contractionary monetary policy is referred to. When a monetary authority employs expansionary policy, it is doing so to boost the economy.

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Contemporary governments promote business development by:

Answers

Contemporary governments promote business development by establishing a currency that's tradable in world markets. the correct answer is B.

How can governments encourage the growth of businesses?

Contemporary governments encourage business development in their country in a variety of ways. This is due to the close ties between government and business, which frequently result in actions taken by one having an effect on the other.

Every effort should be made by the government to keep the economy robust, including through fostering favorable conditions for both small and large businesses. Given this circumstance, the government is prepared with a variety of tools to encourage business activity throughout the economy or in specific industries.

One of these methods is attempting to build a currency that can be traded on international markets so that firms in a country can conduct more trade domestically and internationally.

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when employees of hewlett-packard had difficulty adjusting to a changing marketplace and a new ceo, they demonstrated a(n)

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when employees of Hewlett-Packard had difficulty adjusting to a changing marketplace and a new CEO, they demonstrated a(n) strong culture.

Is Hewlett-Packard a desirable employer?

a pleasant workplace. There is a good work-life balance and a good environment. decent pay and benefits. flexible work schedules

The Enterprise Servers and Storage (ESS) segment's third-quarter revenue had dropped by 5% from the prior year to $3.4 billion, Hewlett-Packard (HP) announced in August 2004. a significant cause of the decline? a mishandled ERP rollout.

At HP Inc., salaries typically range from $336,001 to $2,739,031. Senior Software Engineers at HP Inc. make the most with an average yearly pay of $1,519,228 while Technical Support Engineers at HP Inc. make the least with an average yearly compensation of $429,047.

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the digby's balance sheet has $128,623,000 in equity. further, the company is expecting $3,000,000 in net income next year. assuming no dividends are paid and no stock is issued, what would their book value be next year?

Answers

Answer:

look below

Explanation:

The book value of a company is equal to its total assets minus its total liabilities. If you know the equity of a company and its expected net income for the next year, you can calculate its book value by adding the expected net income to the equity.

In this case, the book value of the Digby company next year would be $128,623,000 + $3,000,000 = $131,623,000. This assumes that there are no changes to the company's assets or liabilities, and that no dividends are paid or stock is issued.

1. ABC analysis is based upon the principle that

A) all items in inventory must be monitored very closely.

B) more time should be spent on class "C" items because there are more of them.

C) an item is critical if its usage is high.

D) there are usually a few critical items, and many items which are less critical.

E) as with grade distributions in many undergraduate courses, there should be more medium-level "B" items than either "A" or "C" items.

Answers

The principle that each item in inventory needs to be meticulously tracked is the basis of ABC analysis.

Tell us about ABC Analysis.

The ABC technique of inventory control makes use of a system for controlling inventories. This system is utilized for managing distribution as well as materials. The ABC analysis technique is used to divide the inventory into three groups, i.e. The items in category A are the most valuable, followed by those in category B, which are slightly less valued than those in category A, and those in category C, which are significantly less valuable.

A business needs effective inventory management and control. They aid in controlling their spending. The ABC analysis helps with inventory control for the firm by enabling management to focus on the highest-value products (the A-items) rather than the numerous low-value items (the C-items).

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a manager who wants to show cause-and-effect between two variables would be advised to use which basic method of research?

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A manager who wants to show cause-and-effect between two variables would be advised to use which basic method of research experiment.

What explains the experiment?

An experiment is a technique used to confirm or deny a hypothesis, as well as assess the likelihood or effectiveness of something that has never been tried before. Experiments show what happens when a specific factor is modified, which sheds light on cause-and-effect relationships.

Examples are the vehicle crash study by Loftus and Palmer or Milgram's study on obedience. Strength: Replicating or copying a laboratory experiment is simpler. This is due to the implementation of an uniform process. Strength: They make independent and auxiliary factors precisely controllable.

Experimental investigations involve introducing an intervention and observing its results. Typically, volunteers in experimental research are grouped randomly, or by chance. During a randomized controlled trial (RCT), participants are divided into two or more groups at random.

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the target costing method assumes that a.markup is added to variable cost b.markup is added to product cost c.the selling price is set by the marketplace d.markup is added to total cost

Answers

Option C is correct. The target costing method assumes that the selling price is set by the marketplace.

Target Costing Method is the demand for a product or service is the ultimate price of the  retailer, for example the expense the purchaser pays. The exchange might be in a specific number, weight or metric for an item or administration.

This is one of the primary elements to be chosen by a client. It is vital on the grounds that the nature of its endurance not entirely settled. The price of a commodity impacts its sales directly

We might set a base, breaking point or blend of these two rates. Contingent upon the season once more, season, region, request and industry, costs not entirely settled. It's likewise smart to see what our opponents do. Selling prices might be impacted by regulation and public or neighborhood rules.

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Which of the following is NOT included in a Failure Mode and Effects Analysis?
a.) All of these are included
b.) Probability
c.) Risk value
d.) Detection
e.) Impact

Answers

The right answer is A. The Failure Mode and Impact Analysis will take all of these into account.

How is probability determined?

The probability is computed by dividing the total confidence interval by the number of possible ways the event could occur. Reliability and odds are two distinct ideas. Odds are calculated by dividing the likelihood of an event by the likelihood that it won't.

We utilize probability because:

Information about the possibility that something might happen is provided by probability. For instance, meteorologists use climate patterns to forecast the likelihood of rain. Probability theory is utilized in epidemiology to comprehend the connection between inputs and the chance of health outcomes.

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a supplier has received an order from one of its customers. the supplier must complete an order of 750 items in a daytime shift that is 10 hours long. the cycle time for this process is 45 seconds. without changing the current production methods, will the supplier be able to meet the customer's demands?

Answers

Equilibrium is the factor where demand for a product equals the quantity supplied. This skill that there is no surplus and no scarcity of goods.

Why is time vital to suppliers to meet demand?

Reducing production time lets in agencies to amplify manufacturing in the course of periods of high demand. Quicker manufacturing can amplify sales, consumer satisfaction, and the company's bottom line. Efficient inventory administration is essential to hold manufacturing schedules and meet patron demand.

Demand forecasting supports dependable supply selections primarily based on estimated future income and revenue. Areas of focal point include: Objective setting: Make sure your goal satisfies your product marketing, monetary planning, operations and logistics teams — and be specific.

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97.The purpose of bureaucratic control is to(A) enhance employee participation in the control function.(B) produce performance above minimum acceptable standards.(C) get employee compliance.(D) increase group performance.(E) increase employee self-control.

Answers

The correct answer is E. , The purpose of bureaucratic control is to  increase employee self-control.

Bureaucratic control is a management control method that relies heavily on strict documentation, reporting, monitoring, and measuring of employee effectiveness. It leads to the development of organisational bureaucracy (a group of people whose sole responsibility is to maintain order, gather information, prepare report summaries, and formalise planning at various levels of the organisation).

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college students sometimes work as summer interns for private firms or the government. many of these positions pay little or nothing. a. what is the opportunity cost of taking such a job? b. explain why students are willing to take these jobs. c. if you were to compare the earnings later in life of workers who had worked as interns and those who had taken summer jobs that paid more, what would you expect to find?

Answers

The opportunity cost of taking such a job is what the student would have earned in a regular job otherwise. Students may well be willing to take such a job if they acquire valuable skills that increase their productivity or if they can signal to employers that they are good employees.

What is opportunity ?A business opportunity is an opportunity to take advantage of  market events to start a business. It is a kind of favorable condition that exists in the market. Depending on the business opportunity, some businesses will succeed and others will fail.The opportunity section of your business plan is  about the products and services  you create. The aim is to explain why your company is exciting and what problems you solve for people. chance. SWOT opportunities arise from  existing strengths and weaknesses, as well as external initiatives that enhance competitiveness. These could be  weaknesses you want to improve, or areas that were not identified in his first two phases of  analysis.

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the market for clothes has the structure of monopolistic competition. consider what effects fewer firms in this industry will have on you as a consumer. a. fewer firms in the industry will decrease the variety of clothes available to consumers. b. fewer firms in the industry will not affect differences in the quality of service among firms. c. fewer firms in the industry will increase the prices consumer pay.

Answers

The market for clothes has the structure of monopolistic competition. consider what effects fewer firms in this industry will have on you as a consumer

In the given case both A and C are correct

What do you mean by monopolistic market?

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals.

1. Reduce

This is given in both A and C are correct

2 - Reduce

There are more substitutes for commodities when there are more businesses. However, the diversity in quality will be lessened as the number of enterprises declines.

3 - Intensify

The price in the market will increase and the consumer will be required to pay more as a result of the seller's supply in the market.

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kevin needs to summarize his company's financial performance over the last quarter. which quickbooks report would be most useful

Answers

kevin needs to summarize his company's financial performance over the last quarter. The profit and loss account report will be most useful.

A profit and loss statement (P&L) refers to a financial statement that summarizes income, expenses, and expenses incurred during a specified period of time (usually a quarter or fiscal year).

What do you call profit and loss?

An income statement is a financial report that shows how much money a business has spent and earned over a period of time. It was also given this name because it indicates whether it made a profit or loss money during that period. Income statement is also known as income statement or income statement.

What is profit and loss on the balance sheet?

A balance sheet provides both investors and creditors with a snapshot of how effectively a company's management is using its resources. A profit and loss statement (P&L) is a summary of income, expenses, and expenses incurred during a specific period of time.

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