Estimated Order Quantity, Sale for Sale, Period Order Quantity and Cash-to-cash Cycle are all the heuristics that need to be followed while making inventory decisions. Option E is the correct answer.
All of the given options are rules of thumb while making an inventory decision. Estimated Order Quantity or EOQ is the number of additional units that a firm must place with respective to each specific order, so that the company can ensure that the inventory costs can be as minimal as possible.Period Order Quantity, is the pre-fixed number of orders that must be placed that is calculated over a specific period of time. Cash-to-cash Cycle refers to the time period between which the companies/firms make payments to inventory suppliers, and receive the cash for their goods and/or services from their customers.Therefore, it is clear that all the above options are correct.
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6. Respond to the following prompts about the goals and effects of government spending on the
economy. (20 points)
Any type of government-funded program, such as health care, social assistance, unemployment benefits, payments to banks, and national military, can have an impact on government spending.
What is government?
The term "Government" is legal authority or system which is controlled by office, public sector, country and state.
The government's main objectives are to increase the macroeconomic supply side, which includes spending on things like education, health care, and training to increase labor productivity as well as providing subsidies to help people financially.
Government spending has a negative impact on the economy because it drives inflation by raising living expenses through subsidies. Demand is artificially raised by government subsidies.
As a result, factors including health, social services, unemployment benefits, etc. may have an impact on government spending.
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That something unique that your business should have that which other businesses do not have
Answer:
Explanation:
A unique selling proposition (USP) is a well-thought-out statement that helps a company distinguish itself from other businesses in its category. In most instances, companies will focus on a single feature or benefit that solves a problem, satisfies a need, or takes away their customers' pain as their USP
Rental agreements are typically paid while leases are typically for Select
a month to month,4 months to 10 years
b week to week, 2 months to 3 years
c month to month,6 months to a year
d week to week,6 months to a year
Most time, the Rental agreements are typically paid month to month while the leases are typically for 6 months to a year.
What is a Rental agreements & leases?Rental agreements refers to agreement made on a rent between a tenant and landlord of a property while the leases agreements is between the lessee and lessor.
Thus, in most time, the Rental agreements are typically paid month to month while the leases are typically for 6 months to a year.
Therefore, the Option C is correct.
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How and Why Can Complexity Theory be Applied by Managers to Implement Strategic Change?
Answer: C
Explanation:
604 | Business Statistics 10. If 2A + B = 12 -3 [13 22] and 3A - 4B 7 [2, 10]. 21 11 604 | Business Statistics 10. If 2A + B = 12 -3 [ 13 22 ] and 3A - 4B 7 [ 2 , 10 ] . 21 11
2A + B = 12 -3 [1,
3 22] ,3A-4B
5A+z5B
Following is partial information for Delamunte Industries for the month of August: Work In Process Balance, August 1 $ 41,000 Direct materials used 75,000 Direct labor 120,000 Manufacturing overhead applied (based on direct labor cost) 90,000 Jobs finished during August are summarized here: Job # Cost of Jobs Completed 234 $ 58,000 237 65,000 231 74,500 246 67,500 Required: At the end of August, only one job, Job 248, was still in process. The direct labor cost incurred on Job 248 as of August 31 was $24,000. 1. Calculate the predetermined overhead rate that was used to apply manufacturing overhead to jobs during August. 2. Determine the balance in Work in Process at the end of August. 3. Determine how much of the direct materials cost and applied overhead would be recorded for Job 248 as of August 31
1. The calculation of the predetermined overhead rate applied to jobs during August is 75% of direct labor costs ($90,000/$120,000).
2. The balance in the Work in Process account at the end of August is $61,000.
3. The amounts of direct material cost and applied overhead recorded for Job 248 as of August 31 are $19,000 and $18,000, respectively.
Data and Calculations:Work In Process Balance, August 1 $ 41,000
Direct materials used 75,000
Direct labor 120,000
Manufacturing overhead applied (based on direct labor cost) 90,000
Total costs incurred = $326,000
Finished Jobs during August:Job # Cost of Jobs Completed
234 $ 58,000
237 65,000
231 74,500
246 67,500
Total costs of finished jobs = $265,000
Work in process balance = $61,000 ($326,000 - $265,000)
Job in Process: Job 248:Direct labor cost incurred = $24,000
Applied overhead = $18,000 ($24,000 x 0.75)
Direct materials = $19,000 ($61,000 - $24,000 - $18,000)
Thus, the work-in-process balance represents Job 248 (Direct labor $24,000, Direct materials $19,000, and Applied Overhead $18,000).
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A career is something that you train for and intend to do _______________.
Answer:
I believe the answer would be you intended to do happily and what you want to do with your life.
Explanation:
a country with low saving rates and low levels of health and education. How would you expect real GDP per capita to grow in a country like this? Explain your answer
Real GDP per capita can grow in a country with the institution of economic and public policies.
How can a country increase its GDP?It is essential that in a country with high levels of social and economic inequality, the government institutes reforms that generate inclusion and opportunities for individuals, such as an economic growth program, which reduces interest rates on loans, encouraging entrepreneurship and investments.
Therefore, a series of measures must be instituted to increase a country's GDP, such as investment in education and job creation.
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Jerry bought a house for $500,000 and made a $100,000 down payment. He obtained a 30-year loan for the remaining amount. Payments were made monthly. The nominal annual interest rate was 9%. After 10 years (120 payments) he decided to pay the remaining balance on the loan. (a) What was his monthly loan payment? (b) What must he have paid (in addition to his regular 120th monthly payment) to pay the remaining balance of his loan?
The monthly loan payment of the home loan will be 3443.67. which is to be repaid on the balance payment
What is a loan?A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities. The recipient incurs a debt and is often responsible for both the principal amount borrowed as well as interest payments until the debt is repaid.
Calculations are as follows:
Interest per day is 25000 x 365, or 68.49.
2054.79 per month in interest (68.49 times 30)
360 times 500000 equals 1388.88 in principal.
2054.79 + 1388.88 = 3443.67 using simple math, the total monthly payment for principal and interest.
3443.67 x 360 =1,239,724.40. That amounts to 5%. Don't forget about taxes, insurance, and other obligations.
Thus, the correct values of repayment of loans are 3443.67.
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Besides chlorine, what are the chemical sanitizers approved for operations?
Explanation:
Chemicals that are approved sanitizers are chlorine, iodine, and quaternary ammonium.
Meeting planners might find themselves doing all of the following except:
1.arranging for technical and audiovisual needs
2.establishing agenda, objectives, and budget
3.establishing policies and programs for business travel
4.working with vendors to secure locations
Answer:
No one should be seated closer to the screen that two times the height of the screen nor further back that eight times the height of the screen.A meeting agenda is an ordered list of topics you plan to cover during your meeting. It prioritizes the most important items you need to discuss with your team, and it can serve as a guide for how the meeting will progress.Have all the necessary documents on your person— ID cards, passport and visa (if needed), and travel tickets, before leaving for the scheduled departure. Business documents are also importantAs a vendor's security rating improves, so does their security posture. Security ratings products provide real-time, non-intrusive measurement of any vendor's security performance and can instantly provide an aggregate view of vendor performance and key risks shared across your third and fourth-parties.Abbott Company purchased $6,500 of merchandise inventory on account. Abbott uses the perpetual inventory method. How does this transaction affect the financial statements? Multiple Choice Decrease accounts payable and decrease purchases Increase inventory and increase accounts payable Increase cost of goods sold and increase accounts payable Decrease accounts payable and decrease inventory
The correct option is B which means through this transaction there is an increase in the stock or inventory and an increase in accounts payable also.
What is a Perpetual Inventory Method?Perpetual Inventory Method is a method of inventory valuation that records the transaction at the time when it occurs. A perpetual inventory system will record changes in inventory at the time the transaction occurs.
Thus, the value of inventory is increased by $6,500 along with that accounts payable are increased by such $6,500.
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Effective managers understand the importance of clear communication using different channels to advance the _________ strategy.
Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy
What is a communication strategy?
Communication strategy refers to the plans for speaking statistics associated with a selected issue, event, situation, or audience. They function as the blueprints for speaking with the public, stakeholders, or maybe colleagues.
Therefore, Effective managers understand the importance of clear communication and hence use different channels to advance the organizational communication strategy
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Naomi weighed 50 patients for a medical study using a scale that measures to the nearest whole pound. She then calculated the mean weight as 176 pounds, with a standard deviation of 12 pounds.
If the distribution is normal, what percent of the data lies between 140 pounds and 212 pounds?
99.7 percentage of the data lies between 140 and 212 pounds when the distribution of the standard deviation is normal.
What is standard deviation?Any given quantity, which is used to express that how many observations differ from others in the total observations of a data, is referred to as standard deviation. It is represented by σ.
To calculate the percentage of data lying between the given values, we will use the formula of empirical method and the given information to compute as under,
[tex]\rm P(mu-3\ x\ \sigma < X < \mu + 3\ x\ \sigma)[/tex]
Solving further,
[tex]\rm P(176-3\ x\ \12 < X < \176+ 3\ x\ 12) = 0.997[/tex]
Hence, the significance upon the standard deviation of data weighted by Naomi is as aforementioned.
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Which of the following statements is the most plausible explanation of the difference in observed net operating profit margins?
Widget Co. and Tools Inc. both operate in the same industry. They are capital-intensive companies producing widgets. Below are selected data:
Widget Co. Tools Inc.
Net operating assets/common equity 1.37 1.53
Net operating profit margin 19% 21%
Income tax rate 47% 28%
Revenues/net operating assets 0.81 0.61
EDIT/revenues 38% 32%
Widget Co's lower financial leverage
Widget Co uses LIFO and Tools uses FIFO
Widget Co's lower tax rate
Widget Co's net operating asset turnover
Clarifying Culture: Did Johnson clarify his values and the company’s values in his apology and with his subsequent actions? Did Johnson’s apology and follow-up actions uphold Starbucks’ mission and core values? Did he identify gaps between stated and actual values? Did Johnson’s apology help Starbucks employees figure out if their personal values align with the company’s?
Johnson did clarify his values and the company’s values in his apology and with his follow up or other actions.
What is the case about?Johnson was said to have clarified them of his values and the company's values as he tendered his apology.
Mr. Johnson's apology and follow-up actions was said to be held in high regards in the area of Starbucks mission and core values and Johnson apology is one that has helped Starbucks employees to be able to know when their personal values is in line with the company's.
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According to the Conceptual Framework, which qualitative
characteristics enhance the usefulness of information that is relevant and faithfully
represented?
A. Comparability, Understandability, Timeliness, Verifiability
B. Consistency, Prudence, Measurability, Verifiability
C. Consistency, Reliability, Measurability, Timeliness
D. Materiality, Understandability, Measurability, Reliabilit
The conceptual framework which enhances the usefulness of information is represented as Comparability, Understandability, Timeliness, Verifiability. Thus the correct answer is A.
How to determine the usefulness of information?Useful of information is determine by the factor that how effectively facts are utilised in purposeful manner. This piece of information should helps the reader in better decision making.
This information will be based on qualitative characteristics like understandability to the reader, comparability, timeliness and verifiability of the content to be used.
Therefore, option A Comparability, Understandability, Timeliness, Verifiability is the appropriate answer.
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ALBERTO: Tami, I’ve got a problem. Can we talk for a minute?
TAMI: Sure, Alberto, what’s up?
ALBERTO: Last week my sous-chef, Ricky, bought tomatoes that just weren’t ripe. It made me really angry. We’ll never keep our Michelin star unless we maintain the quality of our produce!
TAMI: Wow, Alberto, that sounds like a real problem. So you’re saying that Ricky bought tomatoes you couldn’t serve?
ALBERTO: Yes! And it’s not the first time...
TAMI: I’ll do something about this right away.
What component of reflective listening is missing from this conversation?
Affirming contact
Clarifying the implicit
Paraphrasing the expressed
The component of reflective listening that is missing from this conversation is Paraphrasing the expressed.
Reflective listening ComponentsStatements like "I see," and "Okay," are crucial at the beginning of a conversation and in circumstances when there may be worry or discomfort in an Affirming Contact. Clarify any implicit portions of the message, which include ideas and sentiments that are not fully or clearly articulated together with their openly declared message.Paraphrasing the expressed explains to the speaker what was heard, as well as what the listener's feelings and ideas were. utilize a follow-up query occasionally.Hence, Paraphrasing the expressed is the aspect of reflective listening that is absent from this dialogue.
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Eileen is setting up a company in QuickBooks Online and needs to fill in opening balances for vendors. What is the best way to record opening vendor balances and why?
The best ways is to fill in the opening balance in the vendor details dialogue box. This method is quick, and one may finish it when one create the vendor.
The Vendor Balance Summary report summarizes the company's obligations and overpayments to certain vendors. The overarching goal of this report is to identify accounting irregularities. View the Vendor Balance Detailed report for further information on the vendor's balance.
The following information is included in the report:
Vendor: Either the vendor indicated in the preceding filtering choices or all suppliers accessible to the firm.Balance: The amount owed to a certain vendor or the credit/overpayment amount (marked with brackets).Totals: The total amount owed or payed to the suppliers listed.To learn more about opening balance of vendors click on :
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Two capitals invested in shares of the stock market add up to $180,000, which
have been placed at 13% and 16% annual simple interest for 3 years and 6 years
respectively. If between the two a total interest of $98,250 was obtained, determine:
What was the amount of capital invested?
The amount invested in the account that earns 13% simple interest is $130,789.47.
The amount invested in the account that earns 16% simple interest is $49,210.53.
What are the linear equations that represent the question?a + b = 180,000 equation 1
0.39a + 0.96b = $98,250 equation 2
Where:
a = amount invested in the account that earns 13% simple interestb = amount invested in the account that earns 16% simple interestHow much was invested in each account?Multiply equation 1 by 0.39
0.39a + 0.39b = 70,200 equation 3
Subtract equation 3 from equation 2
$28,050 = 0.57b
b = $49,210.53
Subtract $49,210.53 from 180,000 : 180,000 - $49,210.53 = $130,789.47
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It is possible to eliminate certain risk by investing in different companies. What type of risk is this?
The given statement can be marked as true. Unsystematic risk can be eliminated by investing in different companies.
What is meant by Unsystematic risk?Unsystematic risk refers to risks that represents the portion of investment risk that can be practically reduced or eliminated through the way of diversification.
Diversification is the risk management strategy that consists a wide variety of investments. It ensures that if some assets perform poorly, other areas of the portfolio associated with different sectors can cover the loss.
Unsystematic risks can be reduced by diversifying one's investments.
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What is an example of a work in the public domain?
U.S. Federal legislative enactments and other official papers are typically considered works in the public domain for purposes of copyright protection.
What do you mean by public domain?
Creative works that are not covered by intellectual property rules like copyright, trademark, or patent laws are referred to as being in the "public domain."
The works of William Shakespeare, Ludwig van Beethoven, Leonardo da Vinci, and Georges Méliès are examples of works that are in the public domain because they were either created before copyright existed or because the copyright period has passed.
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Where would you navigate within QuickBooks Online to show product/service column on sales forms?
Everything you might sell to a consumer is listed in Quickbooks Online's Products and Services category.
What are the steps to navigate sales forms?1. Go to the Settings cog;
2. Next- Account, and Settings
3. Next- Select Sales
4. Next- Products and Services
5. Next- Ensure the Show Product/Service column on sales forms is On.
Additionally, You may choose which fields are included in QuickBooks when you build a customer sales form by using the sales form content choices.
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When the demand for skilled labor increases, _____________________.
the demand curve would shift to the right
the demand curve would shift to the left
the supply curve would shift to the right
the supply curve would shift to the left
The correct option is A). the demand curve would shift to the right.
What happens when the demand for skilled labor increases?When the demand for skilled labor get increases, the demand curve would shift to the right.
As the demand for the goods and services increases, the demand for the skilled labor will also increase, which will cause the demand curve shift to the right.
If the demand for the goods and services decreases, the demand for labor will decrease too, and demand curve will shift to the left.
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(−2,6) and (−12,2)? Write your answer in simplest form.
The addition of the decimal number that's given will be -14.8
How to calculate the decimals?It should be noted that decimal numbers are the numbers that have a whole number and the fractional part is separated by a decimal.
In this case, the addition will be:
= -2.6 + (-12.2)
= -2.6 - 12.2
= -14.8
In conclusion, the correct option is -14.8.
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Which of the following statements is correct?
1 The demand curve for a purely competitive firm is perfectly elastic, but the demand curve for a purely competitive industry is downsloping.
2 The demand curve for a purely competitive firm is downsloping, but the demand curve for a purely competitive industry is perfectly elastic.
3 The demand curves are downsloping for both a purely competitive firm and a purely competitive industry.
4 The demand curves are perfectly elastic for both a purely competitive firm and a purely competitive industry.
The correct Statement is The demand curve for a purely competitive firm is perfectly elastic, but the demand curve for a purely competitive industry is downsloping. Thus option 1st is correct.
What is Demand Curve?Demand curve refers to the Graphical presentation of the relationship of the price and the quantity of a particular firm.
Those firms that engages in pure competition, the demand curve is entirely elastic due to the the marginal revenue curve aligns with the firm's equilibrium price since each firm acts as a price taker.
The demand curve for a purely competitive industry is downsloping because as the level of the price increases for the product the demand of the product decreases which implies decreased production.
Thus option 1st is correct.
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Company Q incurred manufacturing costs for the year as follows:
Direct materials Sh 10/unit
Direct labour sh 7/unit
Manufacturing overheads:
Variable sh 3/unit
Fixed Sh 7,500
Variable selling and administrative expenses sh 2,000
Fixed selling and administrative expenses sh 4,000
The company produced 1,500 units (the normal level of production) and sold 1,000 units at Sh 45 per unit. Assume that the production manager is paid a 15 per cent bonus based on the company’s net income.
Required:
(a) Prepare an income statement under absorption costing.
The Net income of the Income statement under the absorption costing equals Sh 14,000.
What is Direct materials?= 1,000 x 10
= Sh 10,000
What is Direct labor?= 1,000 x 7
= Sh 7,000
What is Variable manufacturing overhead?= 1,000 x 3
= Sh 3,000
What is Fixed manufacturing overhead= 1,000 x (7,500 / 1,500)
= Sh 5,000
Company Q
Income Statement
Revenue (1,000 x 45) 45,000
Cost of goods sold:
Direct materials 10,000
Direct labor 7,000
Variable Manufacturing overhead 3,000
Fixed manufacturing overhead 5,000 (25,000)
Gross Margin 20,000
Variable Selling and admin expenses 2,000
Fixed Selling and admin expenses 4,000
Total Selling and admin expenses (6,000)
Net Income 14,000
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Why is it important to discuss promptly the results of a supplier visit or survey with the supplier? If a supplier has a weak area, under what conditions would supplier development be appropriate?
Answer:
Unless we share the result with the provider, they will not be able to get it the issues which we are confronting and hence, circumstance will get even more regrettable within the days to come.
Explanation:
It is imperative to examine the result of a provider visit to a supplier since provider must know what are the problems which you're confronting whether it is in terms of quality of item or opportuneness of conveyance or fetched brought about etc.
a) On the off chance that you gave late input to a provider, at that point the greatest impediment would be that he would have as of now dispatched the dispatch and the issues which you had in terms of taken a toll or quality will not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. In order to anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. You ought to moreover donate a few kinds of a caution to him that in case the same sorts of botches are rehashed once more, the contract would get cancelled.
b) There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. Marlin Steel tracks provider execution utilizing an altered program he made in QuickBooks Venture Arrangements bookkeeping programming, the Fabricating and Discount release. You can make a diagram where you ask that you possess agents reply to addresses and to rate suppliers and providers. You'll study what number of medicinal exercises you required to issue a supplier or dealer, what number of things you required to scrap or return in light of the reality that the supplier or provider dismissed to meet particulars, or what number of clients protests you got since of a loathsome portion or organization from a dealer. You moreover can screen suppliers and venders by doing a survey sometimes.
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Without our sharing the results with the supplier, they won't be able to understand the problems we are having, which will make the situation even more unfortunate in the days to come.
The issue that needs to be addressed with the supplier.
The outcome of the provider's visit to the supplier must be carefully considered since the provider has to be aware of any issues you may be having with the item's quality, the timing of its delivery, the cost of having it fetched, etc.
If you provided a provider with late input, the biggest obstacle would be that he would have already sent the delivery and any problems you had with cost or quality would have already occurred. not be taken care of and hence, you'll have no other alternative but to acknowledge the delivery. To anticipate this from happening, you must provide opportune feedback to the provider so that he knows which regions he must move forward. There are customary methods for rating a provider's execution counting evaluation outlines, audits, system estimations, and programming applications. You can make a diagram where you ask that you possess agents to reply to addresses and to rate suppliers and providers. You moreover can screen suppliers and vendors by doing a survey sometimes. Respond to addresses, and rate vendors and service providers. Furthermore, you might occasionally conduct a poll to evaluate vendors and suppliers.To learn more about supplier groups, refer to
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what are factors may affect in Planning process
The factors that may affect in the planning process include economic conditions, availability of quality information, etc.
What is planning?It should be noted that planning simply means the steps that are put in place to achieve a particular goal.
In this case, the factors that may affect in the planning process include economic conditions, availability of quality information, etc.
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The first and last steps in the seven-step decision-making model are in the list below. Identify both.
Know yourself.
Identify the decision to be made.
Develop a plan of action.
Select the best option.
Question #20 TrueFalse
58
Answer:
True
Explanation:
Firstly, whenever you're tackling any problem, you need to know your strengths and weakness. understanding your ability can help you to save not only time but also other associated resources involved in the decision made.
Answer:
B and D
Explanation:
