TRUE a value chain approach to management involves pursuing the goal of maximizing the value, while minimizing the cost, of a product or service to final customers.
What does service mean?
Service is an act of kindness; it is work done by one person or group that benefits another. Providing assistance, advice, or support, delivering a product or service, or performing a task are all examples of service. Service is frequently thought of as an act of kindness or generosity, but it is also an essential component of many businesses and organisations.
What does an organisation mean?
An organization is a group of people working together in an organized way to achieve a set of goals. Organizations may be formal, such as a business or government agency, or informal, such as a club or volunteer group.
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A study of photosynthesis in phytoplankton in the open ocean used short pulses of laser light to trigger photosynthetic reactions. The investigator’s system used 0.10 mW pulses of 640 nm laser light of length 200 ps. How many photons were contained in each pulse?
An important regulatory document for conducting clinical trials, the Investigator's Brochure (IB) summarizes an investigational medicinal product's (IMP) physical, chemical, pharmaceutical, pharmacological, and toxicological characteristics as well as any clinical experience.
In a clinical trial, what exactly is an investigator site?Documents that demonstrate the clinical trial site and investigator's compliance with the ICH GCP guidelines can be found in an Investigator Site File (ISF).
power, P = 0.1 mw = 0.1 X10 3 time, t = 200 PS wavelength, = 640 mm -9 = 640 X 10 -12 = 200 X 10 Sec photon energy
The number of photons is N = Pt 3 0.1 X 10 x 200 x 10-12 3-104x1019. E E 6.62310 - 34 X3108 640 x10-9 J -19 = 3.104 X10.
N= 64.4 X 10
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dara and richardo were divorced on may 20, 2019, after 12 years of marriage. their current year's income received before the divorce was as follows:
Richardo's salary : $30,000
Dara's salary : $24,000
Rent a business office purchased by Dara 14 years ago : $16,000
Interest on CD Richardo inherited five years ago : $140
Dividends on stock in Dara's name funded with her salary : $900
Solution:a. California:Richardo:[(30,000 + 24,000 + 900)/2] + 140 = 27,590
Dara: [(30,000 + 24,000 + 900)/2] + 16,000 = 43,750
b. Texas:Richardo: [(30,000 + 24,000 + 16,000 + 140 + 900)/2] = 35,520
Dara: [(30,000 + 24,000 + 16,000 + 140 + 900)/2] = 35,520
What is divorce:The legal procedure by which a married couple must break their union is divorce. Only married couples are eligible for divorce, and a judge alone can issue one. Once the procedure is complete, a court will grant you a divorce certificate as proof that your marriage has ended.
Both married and unmarried couples who split but do not seek a divorce are subject to provincial or territorial regulations. With a few exceptions, these provisions are usually comparable to the Divorce Act's regulations. Your provincial or territorial Ministry of Justice or Attorney General may have information on these legislation.
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For long-term projects, such as weapon systems projects, contracted for by the Department of Defense, the type of contract can change from life cycle phase to life cycle phase.True or False
True, The type of contract can change from life cycle phase to life cycle phase for long-term projects, such as weapon systems programs, contracted for by the Department of Defense.
A lifecycle phase's definition:
A product's life cycle in business tracks its development, maturation, and decline. A life cycle has five stages: product development, market entry, growth, maturation, and decline/stability.
Which four stages make up the project life cycle?
Starting, planning, carrying out, and closing are the four general steps of this project management process. In some cases, between the execution and closing phases, a fifth "monitoring and controlling" phase may be added.
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When the financial statements of a nonissuer contain a misstatement, the effect of which is material but not pervasive, the auditor should
A. qualify the opinion and include a basis for qualified opinion paragraph that describes the matter resulting in the qualification
B. Qualify the opinion and describe the misstatement within the opinion paragraph.
C. Disclaim an opinion and explain the effect of the misstatement in a disclaimer of opinion paragraph.
D. Disclaim an opinion and describe the misstatement within the opinion paragraph.
If a non-issuer's financial statements contain misstatements and the effects are material but not pervasive, the auditor may qualify the opinion and add a basis for the qualified opinion paragraph to the limitation.
What are Financial statements?Financial statements are documents that detail the operations and financial performance of a business. Governmental organizations, accountants, enterprises, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investment purposes.
What are the types of misstatement?There are three types of misrepresentation: Factual. Judgmental. Projected. Material misstatements. Intentional misstatements
What is a non-issuer in accounting?There are two types of businesses that may require an audit: Exhibitor (issuer): These are public companies that issue securities and file with the SEC. Amendments are required by law. Non-issuer: These are private companies that do not issue securities or file with the SEC.
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In addition to an annual base salary of 1.3 million USD and 10.4 illion USD in stock compensation and bonuses, Heather Bresch, CEO of Mylan Pharmaceuticals, also receved 6 4 million USD in other compensation in 2015. This included 19,200 USD for the use of a company- provided automobile and 310,000 USD in personal use of the company jet Which of the following statements is true regarding this situation?
Shareholders favor diversification
Executives favor diversification
Top level managers always act in the shareholder interest
The best statement I can make about this situation is that top management always acts in the interests of shareholders
Who are the shareholders?A shareholder is a human individual, or institution that owns at least a portion of the company's shares. Shareholders essentially own the company and have certain rights and obligations. This type of ownership allows you to reap the rewards of corporate success.These rewards come in the form of higher stock valuations or economic benefits paid out as dividends. Conversely, when a company suffers a loss, its stock price will inevitably fall, and shareholders may suffer lossesA shareholder can only hold one share.Shareholders are subject to capital gains (or losses) and/or dividend payments as remaining beneficiaries of the company's earnings.Shareholders also enjoy certain rights, such as the right to vote at shareholders' meetings to approve directors, dividend payments, or mergers.In the event of bankruptcy, shareholders may lose all of their investments.learn more about shareholders
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TRUE/FALSE. title to commercial real estate is conveyed through a contract, while title to noncommercial real estate, such as private homes, is conveyed through a deed.
False, Commercial real estate is conveyed via contract, whereas noncommercial real estate, such as private homes, is conveyed via deed.
Property in the form of land and buildings is referred to as a real estate. Non-business purchases of foreign real estate, such as rental houses, will continue to be prohibited. The law is intended to put more land to productive use for housing. Property in the form of land and buildings is referred to as a real estate.
These two categories will have different assessment procedures and tax rates. Land and anything permanently attached to land are examples of real property (e.g. wells or buildings).
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Four cost concepts are important in pricing decisions: total cost, fixed cost, variable cost, and__________ cost. A.dividends B.liquidity C.discretionary D.unit variable E.marginal
Four cost concepts are important in pricing decisions: total cost, fixed cost, variable cost, and marginal cost
Option E is correct.
Why is it important to know fixed and variable costs?Both fixed and variable costs help you get a clear picture of your company's overall cost structure. Understanding the difference between fixed and variable costs is critical to making rational decisions about operating costs that directly affect profitability.
What is the concept of cost in accounting principles?The historical cost principle is an accounting principle that records assets at their respective cash amounts at the time the assets were purchased or acquired. A recognized asset cannot be increased to improve its market value or for inflation, nor updated to reflect an impairment loss.
Why is the cost concept important?The cost principle is a popular accounting method because it is simple, straightforward, and conservative. This allows organizations to easily identify, review, and manage spending over time without having to regularly update asset values.
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which of the following is best described as unique/firm-specific risk? rising inflation rising interest rates ceo sudden death global warming
The best factor that would describe the unique/firm-specific risk is the CEO's sudden death.
A firm-specific risk, as defined by finance theory, is an unsystematic risk associated with a specific investment in a company that is completely diversifiable. The investor might lessen the risk associated with this risk by increasing the number of investments in their portfolio. According to this theory, a firm's advantage can only be built on resources that are specific to that company, so the sources of advantage are company-specific.
This argument is based on the notion that rival companies are headquartered in the same area and have access to comparable external resources. Idiosyncratic risk and unsystematic risk are other names for special risk. specific commercial risk that diversification helps reduce. The best way to lessen unsystematic risk is to diversify your investments.
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face-to-face communication is expensive, so it is useful if . group of answer choices there are no promotions associated with the sale the product is easy to explain there are a lot of customers there is little time for advertising the product is complex
Face-to-face communication is expensive, and it is useful if the product is easy to explain. (Option B)
Does in-person marketing still have value or is it still necessary? If not, why not?
The needs of your target clients might be better understood through face-to-face marketing. In addition to helping you better understand their needs, paying attention to their queries, responses, and objections can help you build your future marketing and sales initiatives.
What makes face-to-face sales important?
Face-to-face sales approaches improves brand trust, foster stronger customer and prospect relationships, and help sales representatives more effectively convey important value propositions. Using in-person selling strategies can also help firms stand out from the crowd and break through the clutter.
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under ifrs reporting, an impairment loss is measured as the difference between the book value and the
Under IFRS reporting, an impairment loss is measured as the difference between the book value and the recoverable amount.
International Financial Reporting Standards (IFRS) are a collection of accounting guidelines for public firms' financial statements that are designed to make them uniform, transparent, and simple to compare globally. The International Accounting Standards Board is responsible for issuing and maintaining IFRS standards, which were developed to establish a common language for financial statements that can be easily understood from company to company and country to country.
The European Union is one of the 167 jurisdictions for which IFRS currently has complete profiles. The generally accepted accounting principles (GAAP) system is used in the United States as an alternative (GAAP).
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which of the following statements about americans' trust in businesses and business executives in the early twenty-first century is true? multiple choice question. the u.s. population is evenly divided between those who trust businesses and those who do not. most americans still trust businesses but not the individual executives who run them. most americans still believe businesses and business executives are honest and ethical. americans have historic low rates of trust of both businesses and business executives.
Americans still trust businesses but not the individual executives who run them.
What is trust in business?
The outcome of countless small deeds, words, thoughts, and intentions is trust. Gaining trust needs work; it does not just happen. To finally connect with a certain client and get their complete comfort and trust can take years of calling on them. Clarity: People distrust the unclear and trust the obvious. People have faith in individuals who care about others more than themselves. Character: People are drawn to people who choose to do the right thing over the easy thing. Competence - People have faith in those who remain capable, relevant, and up to date. People have faith in people who persevere in the face of hardship. People want to be with friends, follow them, and do business with them. Contribution - People react right away to outcomes. People enjoy seeing the simple things done consistently.
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An important characteristic of land is that it can modified or improved at any given time. Depending on the type, an improvement may increase the value of real estate greatly. Which one of the following would NOT be considered an improvement? Sewers, crops, buildings, roads. crops
Depending on the type, an improvement may increase the value of real estate greatly. Crops will not be considered an improvement.
Land preference (or situs) is the most significant economic characteristic of the land. Situs relies on several factors, like history, convenience, and name. A point a vicinity with nice faculties and an occasional rate can usually command a better worth.
A land characteristic is associate attribute of land which will be measured or calculable. Examples area unit slope angle, rainfall, soil texture, offered water capability, the biomass of the vegetation, etc. Land mapping units, as determined by resource surveys, are units ordinarily delineated in terms of land characteristics.
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Porter Manufacturing Company uses a standard cost accounting system. In 2011, the company produced 20,000 units. Each unit took several pounds of direct materials and 3 standard hours of direct labor at a standard hourly rate of $10. Normal capacity was 50,000 direct labor hours. During the year, 52,472 pounds of raw materials were purchased at $1.5 per pound. All materials purchased were used during the year. If the direct labor quantity variance was $5,400 unfavorable, what were the direct labor hours actually worked?
IF the direct labor quantity variance was $5,400 unfavorable, then the direct labor hours actually worked would be 60,540 hours.
It measures the cost of the difference between the expected labor rate and the actual labor rate. If the variance demonstrates that actual labor were higher than expected labor rates, then the variance will be considered unfavorable.
How to calculate the direct labor hours actually worked?
Labor quantity variance = 5,400 Unfavorable
(standard hour - actual hour) * standard rate = -5,400
(20,000 * 3 - actual hour) * 10 = -5,400
60,000 - actual hour = -5,400 / 10
60,000 - actual hour = -540
Actual Hour = 60,000 + 540
= 60,540
Therefore, the direct labor hours actually worked would be 60,540 hours.
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assume that prescott pharmaceuticals, which holds patents on vaxadrin, vaxadrine, and vaxadrone is an unregulated monopolist. its profit-maximizing quantity will always be: group of answer choices in the region of the demand curve where marginal revenue is negative. where marginal revenue equals price . no answer text provided. no answer text provided. where the marginal cost curve intersects the demand curve . where price equals marginal cost. in the region of the demand curve where marginal revenue is positive.
A company, the typical firm will experience a leftward shift of its demand curve and will make a normal profit as the industry reaches the long-run equilibrium.
Individual demand curves and market demand curves are the two types of demand curves. It can be produced by graphing the price and quantity demanded. In a demand curve, the quantity demanded is shown on the graph's X-axis and the price is shown on the Y-axis.
A demand curve typically has a downward-sloping shape. The demand curve for the majority of goods, if not all of them, follows this rule.
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arrange the steps in the change and configuration management process on the left into correct completion order on the right.
The process is divided into four major steps: identify the need, investigate the need, plan the change, and implement the change.
Because of increased rivalry, businesses must offer more specifically tailored items with greater performance and higher quality at a lower price.
Companies must streamline the way products are built since they can no longer afford the delays and expenses associated with traditional change and configuration management processes. PTC has a solution.
step 1 = identify the need for a change
step 2= conduct feasibility analysis
step 3= define the procedure for implementing the change
step 4= notify affected parties of the pending change
step 5= implementing the change
step 6= test the implementation
step 7 = document the change
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consider the following information about a small project: task duration estimates immediate predecessors a 4 days none b 5 days a c 2 days b d 2 days a e 1 day b
Consider the following information about a small project: task duration estimates immediate predecessors a 4 days none b 5 days a
Understanding the planned activities that make up the project and the anticipated unit of time or length needed to start and conclude each individual activity is the first step in determining the critical path and anticipated task duration of a project. A network diagram that displays the planned order for completing the individual tasks, situations when the order necessitates a certain sequence, and times when an activity depends on another for the completion of a different task, is frequently used to sequence the scheduled activities. The critical path of a project is determined by the longest chain of interdependent operations. The series of tasks represented by the critical path typically won't have any float. Alternatively put, any delays in finishing the key route tasks will make the project
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which of the following is a hedonic benefit consumers obtain when taking advantage of sales promotion offers?
Opportunities for value-expression, entertainment, and exploration is a hedonic benefit consumers obtain when taking advantage of sales promotion offers.
Revenue is only produced when a customer decides to buy a product from a company. You help the client make that decision. Sales are essential to establishing customer loyalty and trust in your business as long as you're making them. Trust and loyalty are the two main variables that affect a customer's decision to recommend your company to a friend or family member or to post a favorable online review of your products or services. Your job stability shouldn't be a major concern for you. Nine advantages of direct sales .increasing earnings ,flexible timetables, control over oneself, working from home, encounters with clients, using a range of marketing strategies, pricing and cost management, gaining commercial knowledge.
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Lee & Li, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which of the following benefits would especially appeal to this type of employee?
E. Tuition reimbursement.
Clarification:
Now and again, a game plan exist between a business and a worker where the business agree to support the schooling of the representative. The motivation behind offering this is to advance representative dedication and furthermore to give the required preparation to a worker for better execution.
Associations offer advantages to their representative by proposing to pay a piece of their school charges for the people who wish to additional their schooling. This is finished for representatives who are faithful, dedicated and profoundly aggressive. Thusly, a representative becomes faithful and subsequently be held by the association.
Illustration of educational cost repayment is installment of bursary to representatives by associations to additional their profession. Certain level of this installment will be made while the worker pays the equilibrium.
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This question is incomplete , here i am attaching the complete question
Lee & Li, a business consulting firm, wants to attract and keep highly ambitious employees who work hard and want to advance in their careers. Which of the following benefits would especially appeal to this type of employee?
A.a 529 savings plan
B.a defined-benefit pension plan
C.a generous vacation policy
D.a health maintenance organization
E.tuition reimbursement
Choose the response that accurately completes the following sentence. A taxpayer claiming the Premium Tax Credit:A. May be claimed as a dependent on another person's return, as long as they are under 27.B. May have employer-sponsored health care coverage.C. Must have household income for their family size that is less than 150% of the federal poverty level.D. Will receive a refund if the amount of the credit is larger than the tax they owe.
Dependents can include children as well as other family members who depend on another person for financial support.
An individual who can prove they have a dependent could also be able to utilize this filing separately to be eligible for particular tax credits.
A descendent (for instance, a granddaughter) of any of them who is the taxpayers money son, daughter, younger child, foster child (established by an authorized placement agency), and a foster kid who is adopted.
When there are two custodial parents, it is especially important to remember that only one taxpayer could claim a particular dependant on there own income tax return. Dependency disputes between divorced and separated parents were settled in the custodial parent's favor.
In rare circumstances, prior court rulings or a written statement from the custodial parent could free the noncustodial parent from liability.
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Allison Engines Corporation has established a target capital structure of 40 percent debt and 60 percent common equity. The current market price of the firm's stock is P
0
= $28; its last dividend was D
0
= $2.20, and its expected dividend growth rate is 6 percent. What will Allison's marginal cost of retained earnings, ks, be?
a. 15.8%
b. 13.9%
c. 7.9%
d. 14.3%
$2.20, and its expected dividend growth rate is 6 percent. What will Allison's marginal cost of retained earnings, ks , be 14.3%.
Has a target capital structure of 40% debt and 60% common stock been set?The target capital structure for Allison Engines Corporation is made up of 40% debt and 60% common equity. The firm's stock is currently trading at P0 = $28; its most recent dividend was D0 = $2.20; and its predicted dividend growth rate is 6%.
What does a debt-to-income ratio of 60% mean?This ratio looks at how much of the business is financed by debt. A corporation would be supported 60 percent by long-term and short-term debt if its debt to assets ratio was 60 percent. Most businesses record some sort of debt on their records.
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In terms of total dollars in the state budget, the various service charges and fees in Texas provide ______ percent of total state revenue.
-25
-15
-35
-5
In terms of total dollars in the state budget, the various service charges and fees in Texas provide 15 percent of total state revenue.
A commercial enterprise budget is a spending plan for your commercial enterprise primarily based on your income and costs. It identifies your to-be-had capital, estimates your spending, and enables you to expect revenue. Finances allow you to plan your business activities and may act as a yardstick for putting in economic dreams. It allows a commercial enterprise to plan out fees, attain commercial enterprise goals and expect any operational adjustments as needed to assist the business. Finances facilitate a business to understand its working fees and can be used for music's overall performance.
A budget is a plan you write down to decide how you will spend your money every month. A budget helps you make sure you'll have enough money every month. Finance facilitates create monetary balance. by way of tracking expenses and following a plan, a budget makes it simpler to pay bills on time, construct an emergency fund, and keep for main expenses consisting of a car or home.
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Which of the following sales transactions is eligible for recognizing the gain under the installment method (assuming the terms of the sale meet the definition of an installment sale)?
A sale of inventory
A sale of equipment where the gain is due to depreciation recapture
A sale of land
A sale of marketable securities
Answer:
Explanation:
a sale of land
A sale of land, of the sales transactions is eligible for recognizing the gain under the installment method (assuming the terms of the sale meet the definition of an installment sale). Thus, option (c) is correct.
What is installment?The term “installment” refers to one part of payment that is divided into multiple parts of payment. The debtors are borrowing money from financial institutions and other sources. The fixed payment is divided into small amounts of money to be paid on a monthly basis.
A land-sale contract occurs when the owner of land sells it on the provision that the seller retains ownership to the land until the buyer pays the entire purchase price. Land sales are based on the approach of installment transactions. The installment plans provide a respite from the actual payout plus interest.
As a result, the sale of land, of the sales transactions is eligible for recognizing the gain under the installment method. Therefore, option (c) is correct. Therefore, option (c) is correct.
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the federal reserve monetizes the government's debt when: please choose the correct answer from the following choices, and then select the submit answer button. answer choices conventional monetary policy is ineffective, because nominal interest rates are up against the zero bound. it buys u.s. treasury bills on the open market. it sells u.s. treasury bills on the open market. it mandates the use of fiat money as a medium of exchange.
The federal reserve monetizes the government's debt when it buys u.s. treasury bills on the open market.
The time period treasury was first utilized in Classical times to describe the votive homes erected to residence gifts to the gods, together with the Siphnian Treasury in Delphi or many comparable buildings erected in Olympia, Greece through competing for metropolis-states to affect others all through the ancient Olympic video games.
A treasurer is a man or woman accountable for walking the treasury of a company. The sizeable middle features of a corporate treasurer include cash and liquidity management, anger management, and corporate finance.
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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below:Sales$17,400,000Net operating income$5,200,000Average operating assets$35,700,000Required:1. Compute the margin for Alyeska Services Company.2. Compute the turnover for Alyeska Services Company.3. Compute the return on investment (ROI) for Alyeska Services Company.
Return on Investment:=[tex]1021.15[/tex]
ROI = Net income / Cost of investment x 100.
[tex]=$5,200,000/17,400,000+35,700,000*100=1021.15[/tex]
The return on investment is calculated by dividing the investment's profit by its cost (ROI). The most popular is ROI, which is calculated as ROI = Net income / Cost of Investment multiplied by 100. An investment with a profit of $100 and a cost of $100, for instance, would have a return on investment (ROI) of 1, or 100% when expressed as a percentage. Think about a person who put $90 into a company enterprise and an additional $10 for research. The investment would cost $100 in total.
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Mina decides to spend three hours working overtime rather than going to the park with her friends. She earns $20 per hour or overtime work. Her opportunity cost of working is...
a.the $60 she earns working
b. the $60 minus the enjoyment she would have received from going to the park
c. the enjoyment she would have received had she gone to the park
d. nothing, since she would have received less than $60 worth of enjoyment from going to the park
(c.) the enjoyment she would have received had she gone to the park. The delight she would have experienced if she had gone to the park instead of working is her opportunity cost.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible possibilities lost when a company or person choose one investment over another. Opportunity cost is the advantage that was lost because a particular alternative was not selected. It is necessary to examine the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. Opportunity costs have a value that may help people and businesses make more lucrative decisions.
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The production budget must be prepares before the direct materials, direct labor, and overhead budgets can be prepared.
The production budget must be prepares before the direct materials, direct labor, and overhead budgets can be prepared. The given statement is True.
The production budget, which determines the quantity of items that must be produced, is determined from a combination of the sales forecast and the anticipated amount of finished goods inventory to have on hand (usually as safety stock to cover for unexpected increases in demand). In a material needs planning context, the production budget is typically created for a "push" manufacturing method.
Since it can be challenging to develop a complete production budget that accounts for forecasts for every variation of a product that a business offers, it is typical to group forecast data into broad categories of goods that share common traits.
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Suppose that the required reserve ratio is 20%. A bank has $300 in cash in its vault, $4,000 in loans to customers, $10,000 in checkable deposits, and $800 in deposits at the Federal Reserve. The bank's required reserves are:
Answer choices
$2,200. $11,000. $10,000. $5,500.
A bank holds $300 in cash, $4,000 in customer loans, $10,000 in checkable deposits, and $800 in Federal Reserve deposits. $5,500 in reserves are necessary for the bank.
(d) is the correct option.
What is bank?A particular kind of financial organization known as a bank lends money while also collecting deposits from the public and creating demand deposits. Through the capital markets, the bank may engage in lending activities directly or indirectly.
Banks are heavily regulated in most countries because they are essential to the financial stability and economic health of a nation. The fractional reserve banking system, in which banks maintain liquid assets that are only partially comparable to their current liabilities, has been institutionalized in the majority of countries. In addition to other constraints intended to assure liquidity, banks are often subject to minimum capital requirements based on an international set of capital norms known as the Basel Accords.
Calculation:
Since Bank's RR = 20% , it means the loan amount of $4000 = 80% . So, 100% = (4000 /80) × 100 = $5000
Checkable Deposit = $5000 + $8000 - $300 = $5500
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which of the following statements about striving to reduce labor costs per pair produced at each of the company's production facilities is true?
(a) A company cannot achieve labor costs per pair produced that are close to the lowest in the industry (in those geographic regions where it has plants) unless its annual total compensation of plant workers is below the average annual total compensation paid by all companies with plants in these same regions.
(b) All companies, regardless of the strategy being employed, should pursue actions to manage employee compensation and labor productivity in a manner that results in labor costs per pair produced that are equal to (or very close to) the industry-low in each region where the company has plants.
(c) It is very difficult for a company producing branded footwear with a high S/Q rating to achieve labor costs per pair produced that are below the industry average in each geographic region where the company has plants.
(d) A company pursuing a low-cost provider strategy is better able to pursue actions aimed at achieving low labor costs per pair produced in each of its plants (as compared to the labor costs of companies with plants in the same regions) than is a company pursuing a differentiation strategy.
(e) It is more cost effective for a company to compensate plant workers at levels that are close to the highest in the industry in each geographic region where it has plants than it is for a company to pursue actions to keep labor costs per pair produced below the industry average in each geographic region where it has plants.
Statements about striving to reduce labor costs per pair produced at each of the company's production facilities is true because:
It is very difficult for a company producing branded footwear with a high S/Q rating to achieve labor costs per pair produced that are below the industry average in each geographic region where the company has plants.
Option C is correct.
What does labor cost mean?Labor costs represent the total expenditure incurred by employers in hiring workers. They are sometimes called labor costs because they represent the cost of labor employed.
Why is it important to control labor costs?A successful business also requires managing labor costs and accurately forecasting workforce needs. If you have more staff than you need, your labor costs will be too high and your company will lose money. Understaffed for a period of time leads to poor customer service.
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(3 points) suppose that mr. frumble and miss honey are the only two residents of busytown. they need to determine the number of firefighters the town should have. fire workers satisfy the characteristics of a pure public good. the marginal benefit that each person receives (in dollar terms) is given by the following table.
A good or service's marginal utility quantifies how much customers enjoy or are satisfied after increasing or decreasing their use by one unit. Three different kinds of marginal utility exist.
They have a marginal utility that is positive, negative, or zero. For instance, if you enjoy eating pizza, having a second slice makes you feel better than having just one. It implies that you will have a positive marginal benefit from eating pizza. However, you feel full after consuming the second piece, and consuming the third piece would not make you feel any better. This indicates that you receive no marginal benefit from eating pizza. Additionally, if you consume more than three slices of pizza, you can feel ill.
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(True or False) in unit pricing, the total value of the contract is a function of the quantities needed to complete the work.
In unit pricing, the total value of the contract is a function of the quantities needed to complete the work. its true.
In unit pricing, the quantity required to accomplish the work determines the contract's overall cost. the total value of all contracts should have special provisions that address project-specific concerns. The buyer assumes all risk in an FPI contract. The work that has to be done for each procurement is known as the procurement statement of work. The procurement statement of work needs to be as concise, thorough, and unambiguous as feasible. It should also outline the tasks and duties that the seller is expected to carry out. 2. Create a Purchase Request. order creation and sending, 3. stuff is received, 4. invoice is received, 5. Send money.
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