A Continous Process is a single-flow process that is used for high-volume non-discrete, standardized products. The continuous flow process is a method where goods are continuously produced at a single facility utilizing a single process without any downtime. Pharmaceutical tablet production lines use batch manufacturing, which involves creating tablets in numerous processes in groups.
Why continuous process is better than a batch process?A continuous flow, or one that isn't paused by the completion of individual batches, is undoubtedly more effective in some situations. Processing in this way can result in less waste, more inventory produced in a shorter amount of time, and better client needs adaptation.
Continuous production is another name for flow production. It makes it possible to produce a product on an assembly line in several steps. The continual flow of goods through the production process serves as its defining characteristic. In this production process, large quantities of the same commodities are continuously manufactured.
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How would a company report a change in an accounting principle made on the last day of the third quarter?
If a company changes an accounting principle on the last day of the 3rd quarter they need to apply a retrospective application to all pre-change interim periods reported.
What is accounting?Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process. A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting. Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.
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______________ is often defined as the process of planning, organizing, directing, and controlling.
Answer:
management
Explanation:
management is often defined as the process of planning, organizing, directing, and controlling
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
They have many potential Entry Modes at their disposal.
What is Entry Mode?Foreign market entrance modes in international trade are the methods through which a corporation can expand its services into a non-domestic market.
Market entrance options are classified into two types: equity and non-equity. Export and commercial agreements are examples of non-equity mechanisms. Joint ventures and totally owned subsidiaries are examples of equity models. Different entrance mechanisms differ in three key ways:
The level of danger they pose.Control and dedication to the resources required.The promised return on investmentTherefore, Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry Modes at their disposal.
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Which feature should not be included in functional strategies to improve differentiation?
The feature that need to be included in functional strategies to improve differentiation is option c:
Hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.What are the functional strategies in regards to marketing?The term Functional Strategy is known to be a kind of a strategic plan that is known to be taken in by each functional aspect in the value chain of the firm such as marketing, production, finance and others.
This is often down so as to implement and to bring together in one spot with the total business or corporate strategy or vision for getting organizational level aims.
Hence, The feature that need to be included in functional strategies to improve differentiation is option c:
Hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.See full question below
Functional strategies to improve differentiation should include:
a. product offerings designed to be can be produced and delivered at as low a cost as possible
b. standardization of the product offering and marketing mix to different market segments.
c. hiring and employee development strategies designed to ensure that employees act in a manner that is consistent with the image that the company is trying to project to the world.
d. initiation of a price war in order to grow volume and drive its weaker rivals out of the industry.
e. products that have lower prices to allow a company to erect an economic moat around its business that keeps higher-cost rivals out.
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Which item is an example of data collected from market research? technical client specs your project timeline your project budget insights into potential customers
The item which is an example of data collected from market research is insights into potential customers.
Market research is the process of gathering information about your target market and the knowing current state of your industry. Thus, it is the research conducted directly with potential customers.
Interviews are considered to be a common type of primary market research that can be either in-depth or as simple as asking a question. For instance, in an interview in market research is conducted when a business calls a current customer to ask how they are enjoying a product they recently purchased.
Hence, the data collected from market research is insights into potential customers.
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What is the main driving force that determines whether a company will outsource work?
The cheapest labor and resource prices are the main driving force that determines whether a company will outsource work.
Why company outsource their work?
In addition to giving clients the high-quality service they expect from their favorite brands, outsourcing gives you the time and resources you need to concentrate on other elements of your business. Despite all the benefits, outsourcing is commonly done to run a profitable business model.
What are the risks of outsourcing?
Formally speaking, there are four broad categories in which risks related to outsourcing often fall: loss of control, loss of innovation, loss of organizational trust, and higher-than-expected transaction costs.
Why is outsourcing difficult?
Intellectual properties, including corporate ideas and trade secrets, are subject to lose while outsourcing. The potential of a customer's data being compromised is another concern. A produced program or its rights could be lost if not handled properly.
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Using complex lot-sizing techniques, larger lot sizes can cause an increase in __________, complicating plant logistics. multiple choice question. supplier costs demand setup costs inventory
Using lot-sizing techniques, larger lot sizes can cause an increase in inventory, complicating plant logistics.
Lot sizing techniquesLot sizing is to collect the calculated net conditions by a certain unit regarding cost reduction and job efficiency. There are two primary types of lot sizing:
-method to unify in terms of the course
-method to unify in terms of the amount.
Determining satisfactory lot sizes is required to maintain acceptable inventory and assistance levels. Minimum order quantities ordered by suppliers often blow up inventory levels, especially for items with long stock turn cycles. To determine the lot size that will minimize the costs, industrial corporations utilize Materials Requirements Planning (MRP).
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All choices can have unintended consequences. when those outcomes affect someone who had no part in the initial choice, what is it called?
The answer is Externalities. When outcomes affect someone who had no part in the initial choice, it is called Externalities.
What do you understand about externalities? One good example of the same can be how the smoke emitted from factories has a direct affect on the health of the general citizens of that place. Externalities happen when an unintended consequence affects a third-party which is not directly involved. There are four main types of externalities: inter firm externalities, beneficial externalities, consumption externalities, and public good externalities. They have various effects like they can create some divergence between the social, private benefit and the social and cost benefit.To understand about externalities visit: https://brainly.com/question/17373928?
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Why do managers get paid more?
A. They have worked longer.
B. Their job is harder.
C. They control the paycheck.
The answer is B. Their job is harder.
The reason for this is that managing people can be very challenging. There is a lot of unpredictable behavior on their part most of the time. It is difficult to get your subordinates to do the work you ask them to do. It requires a high level of skill and experience.
Job code and pay grade are job description components noted in the _____ section.
Job code and pay grade are job description components noted in the identification section.
What is Job?a piece of work, specifically a specific duty completed as part of one's job routine or for a fee:
A job is defined as the labor you do to make money. Working at a gas station is an example of a job. A job is described as a place where you go to earn money. Your office and the people you deal with every day are examples of your job.
Job kinds let you categorize your tasks and processes. Although all tasks differ in some respects, commonalities can typically be isolated and standardized. Job categories allow you to group together comparable types of tasks.
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What is meant by finance related occupations?
Answer:
The finance industry offers a variety of job opportunities, both on and off Wall Street. Careers include financial planner, financial analyst, actuary, securities trader, portfolio manager, and quantitative analyst.
What are specific factors that can limit options, including budget, delivery dates, available skilled resources, and organizational policies?
Project constraints are specific factors that can limit options, including a budget, delivery dates, available skilled resources, and organizational policies.
What are Project constraints?
Your project may be limited by project constraints, which can have an impact on the project's overall performance, quality, and delivery. There may be up to 19 project restrictions to take into account, such as available resources, project approach, and client satisfaction.
What are common project assumptions?
All the material and human resources you require to finish the project will be available to you. Members of the project team will have access to the tools they require, such as specialized machinery and software as well as energy during business hours, to successfully execute their specific jobs.
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Jim is a manager in a retail business. to be an effective manager and active leader, jim should try to have how many people as direct reports?
Jim is a manager in a retail business. to be an effective manager and active leader, Jim should try to have seven people as direct reports.
Employees who report directly to someone who is above them in the organisational structure, frequently a manager, are referred to as direct reports.
The ideal number of direct reports for each senior leader or director is seven to eight. A direct report is a worker who, in the hierarchical organisational structure of a company, is subordinate to a management or other person above them. The direct reportee is the individual who receives their reports.
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A company with monthly fixed costs of $170,000 expects to earn monthly operating income of $25,000 by selling 6,500 units per month. what is the company's expected unit contribution margin?
$30 per unit is the company's expected unit contribution margin.
Because the value of the contribution margin is used in the calculation of the break-even point. The contribution margin for the unit can be calculated by deducting the variable cost per unit from the sales value per unit. The contribution margin for the entire company will be calculated only for total contribution margin dollars as a percent of total sales dollars.
Margin is the part of a page or sheet outside the main body of printed or written matter.
Variable costs are expenses that vary in proportion to the volume of goods or services that a business produces
Sales refers to the exchange of a product, commodity, service or delivery for money.
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If all the assumptions underpinning the policy irrelevance proposition are in place, fully anticipated monetary policy will:____.
If all the assumptions underpinning the Policy Irrelevance Proposition are in place, fully anticipated monetary policy will reduce inflation without any output or employment cost.
An important implication of the Policy Irrelevance Proposition is that the monetary authorities can reduce inflation without any output or employment cost. Thus, this policy is enacted by the central bank that involves the management of money supply and interest rates.
The goals of monetary policy are to promote maximum employment, moderate long-term interest rates, and stable prices. Thus, by implementing effective monetary policy all this could take place.
Hence, the answer is given and explained above.
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Grey wolf has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long term debt of 40. What is the value of the shareholder equity account for this firm?
The value of shareholders' equity is $5,690.
Total assets = Current assets + Net fixed assets
Total assets = $2,090 + $9,830
Total assets = $11,920
The value of shareholders' equity is $5,690.
Total liabilities = Current liabilities + Long-term debt
Total liabilities = $1,710 + $4,520
Total liabilities = $6,230
Value of shareholders' equity = Total assets - Total liabilities
Value of shareholders' equity = $11,920 - $6,230
Value of shareholders' equity = $5,690.
Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. The equity of the shareholders is calculated using this formula as the difference between total assets and total liabilities.
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Fred pittman has invested $10,000 in his son’s motorcycle repair shop, but he takes no part in its management. pittman is a(n):_________
Fred pittman has invested $10,000 in his son’s motorcycle repair shop, but he takes no part in its management. pittman is a limited partner.
Similar to a general partnership, a limited partnership is a type of partnership but unlike a general partnership, a limited partnership needs at least one general partner (GP) and at least one limited partner.
A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business. Silent partners are another name for limited partners.
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A seller wants to net $275,000 from the sale of his home. He has an existing mortgage with a loan balance of $78,500 and the closing costs are expected to be $6,500. If the listing broker is receiving a 6% commission, how much must the home sell for in order to meet his objective
Ther amout at which the home sell for in order to meet his objective is abter loan balance is $274,541.67
After the seller receives paid and makes all their bills, the quantity left is referred to as the internet to supplier. Calculating the internet to seller is quite simple, all that you want to do is to subtract the seller's charges and money owed from the sales price.
calculation:-
The selling price which the seller wants = $275,000
Loan balance = $ 78,500
Closing cost = $6,500
Broker commision = 6%
amount ($275000*6)/100 = $458.33
Hence, Ther amout at which the home sell for in order to meet his objective is = $275,000 - 458.33
+ $274,541.67
Divide the fee by means of the variety of days inside the value period to find the fee consistent with day.be counted the variety of days that the price applies to every birthday party.Multiply the quantity of days that every birthday party is responsible for by means of the value in keeping with day to calculate the loan balance interest proration.
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What are the two stages of accounting for a purchase discount using the gross method? (check all that apply.)
The two stages of accounting for a purchase discount using the gross method are:
2) the purchase is first recorded at full cost4) the inventory account is later reduced if payment is made within the discount periodWhat is a purchase discount?This refers to the cash discount which is a reduction in the price of a good if the buyer pays for it within the allowable period.
It also means an incentive that the seller gives to the buyer in hopes that the buyer will pay for the purchase in full before the actual due date.
Hence, the two stages of accounting for a purchase discount using the gross method are the purchase is first recorded at full cost and inventory account is later reduced if payment is made within the discount period.
Therefore, Option 2 & 4 is correct.
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If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent, the price change occurs in the?
-0.5% (inelastic) is the price change that occurs if the quantity of bananas increases by 5% when the price decreases by 10%
The formula to calculate the change in price is,
Price elasticity = Sales increase/ Price decrease
So, if the quantity of bananas sold increases by 5% when the price decreases by 10% the change in price will be -0.5 (inelastic)
Price elasticity= 5%/ - 10% = - 0.5 (inelastic)
It is advisable to raise the price to generate more money when demand is inelastic. Lowering the price is good when demand is elastic.
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Decisions by depositors to increase their holdings of ________, or of banks to hold excess reserves will result in a ________ expansion of deposits th
Decisions by depositors to increase their holdings of currency, or of banks to hold excess reserves will result in a smaller expansion of deposits. The technique through which banks make more money by using money that has already been deposited is known as deposit expansion.
The money grows because it enters the economy again when banks lend it out. Deposits in a bank do not enhance the total amount of money available before they are lent out. The amount deposited doesn't actually change; just the content of the monies does. Only when funds that have been deposited are loaned out does money actually exist.
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An investment will pay you $16,000 in 6 years. the appropriate discount rate is 10 percent compounded daily. What is the present value?
An investment will pay you $16,000 in 6 years. the appropriate discount rate is 10 percent compounded daily. The Present Value is $8,781.71.
Investment definition is an asset received or invested in to build wealth and store cash from the difficult earned profits or appreciation. investment which means is typically to obtain an additional source of earnings or benefit and take advantage of the investment over a particular time period.
In the most sincere sense, making an investment works while you purchase an asset at a low charge and sell it at a higher price. This kind of return for your investment is referred to as a capital advantage. earning returns through promoting a property for an income—or figuring out your capital gains—is one manner to make cash investing.
Investing is an effective manner to position your cash to work and probably construct wealth. smart making an investment may allow your money to outpace inflation and increase in price. The extra boom capability of investing is generally because of the strength of compounding and the danger-go-back tradeoff.
Present Value
Future Value = $16,000
Number of compounding periods (n) = 2,190 days [6 Years x 365 Days]
Interest rate (r) = 0.10/365 = 0.000273972602739726
Present Value = Future Value / (1 + r)^n
Present Value = $16,000 / (1 + 0.000273972602739726)^2190
Present Value = $16,000 / 1.82196907070351
Present Value = $8,781.71
Therefore, the Present Value is $8,781.71
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A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is:_____.
A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is $127500.
The contribution margin is computed as the promoting rate per unit, minus the variable fee in keeping with the unit. additionally referred to as greenback contribution in keeping with the unit, the measure shows how a specific product contributes to the general profit of the organization.
The closer a contribution margin percentage, or ratio, is to 100%, the better. The better the ratio, the more money is available to cowl the commercial enterprise's overhead expenses or fixed prices. However, it is more likely that the contribution margin ratio is well below one hundred%, and possibly beneath 50%.
Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.
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Which three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages?
apple
- johnson and johnson
- BMW
- the reason why Walmart isn't is that it purses a low-cost provider strategy three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages
the question is incomplete .please read below to find the missing content.
A plan of action results from a strategy or purpose for achieving a particular goal. A strategy is defined as an action plan. An example of a strategy is a football team that wins using the particular game a coach plays. A carefully crafted plan of action.
Which three companies have broad differentiation strategies that have allowed them to maintain long-term competitive advantages?
- Apple
-Johnson & Johnson
-Walmart
-BMW
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Describe the features of a voucher system and list typical supporting documents for a voucher
A voucher has the following features:
Voucher is a written documentary evidence.
It supports the entry which appears in the company’s books of accounts.
It also justifies the correctness of the entries made in the books.
Vouchers are pre-numbered, which helps in simplifying the audit trail.
Vouchers state the complete details of the transaction
Vouchers contain true and complete details of the transactions
It is prepared by the firm’s accountant and also countersigned by the firm’s accountant.
It is used for internal accounting control, which makes confirm that every transaction is duly authorized.
It is prepared at the time the transaction takes place.
Some of the supporting documents in a voucher can include:
Invoice received from the supplier.
Terms for payment including the amount owed, the due date of voucher, and any discounts granted by the supplier for paying the invoice early.
Vendor or supplier name to whom it is to be paid.
The company's purchase order.
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Using the simplified effective-interest amortization, the credit to cash each interest payment equals?
the credit to cash each interest payment equals net multiplied market interest rate multiplied time
What is interest?In finance and economics, interest is the payment of an amount over repayment of the original sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor. It differs from a fee that the borrower may pay to the lender or a third party.
When the effects of compounding over time are considered, an effective annual interest rate is the true return on a savings account or any interest-paying investment. It also indicates the actual percentage rate of interest owed on a loan, credit card, or other debt.
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What is the federal housing administrations primary role in the mortgage market?
Ensure mortgages FHA-approved lenders provide home buyers is the federal housing administration's primary role in the mortgage market.
A mortgage is a contract between you and a lender that entitles the lender to take your property if you fail to repay the money and interest you borrowed. Mortgage loans are used to buy a home or borrow money depending on the value of a home you already own. 7 Things to Look for in a Mortgage.
Learn about the four main types of mortgages: conventional loans, FHA loans, VA loans, and USDA loans. You probably fall into more than one type, so take some time to learn the strengths and weaknesses of each type. An example of a mortgage is when you go to the bank to borrow money for your house. A mortgage is a loan taken out to buy a property and backed by the same property. An example of a mortgage is the loan you took out when you bought your home. Claim prepayment or liability claims.
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Every month, ciara sorts her monthly cash into envelopes for each specific expense. she puts $500 in a grocery envelope, $250 for a gas envelope, and $100 for an entertainment envelope. she says this helps her control her spending. which type of budget is ciara using?
Ciara is using physical budget
What is a Budget?A budget is a plan of account for a defined period (often a year), usually not necessarily financial.
A budget can include expected sales and revenue, resource quantities including time, costs, expenses, environmental impacts such as greenhouse gas emissions, other impacts, assets, liabilities, and cash flows .
Businesses, governments, families, and other organizations use budgets to express strategic plans for their activities in measurable terms[1].
Budgets represent intended expenditures and suggested resource allocations to meet them. A budget can represent a surplus, where resources are available for later use, or a deficit, where spending exceeds income or other resources.
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Many manufacturers have made ________ optional equipment when purchasing a new laptop computer.
Optical drives have made Many manufacturers optional equipment when purchasing a new laptop computer.
An optical force is an inner or external laptop disk power that uses laser beam era to examine and write records. Optical disk drives are related to compact discs, DVD and Blue-Ray generation.
Optical garage, electronic garage medium that uses low-strength laser beams to file and retrieve virtual (binary) facts. In optical-garage technology, a laser beam encodes digital facts onto an optical, or laser, disk in the shape of tiny pits arranged in a spiral tune on the disk's space.
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What are the two major forms of debt financing ? describe and differntiate between the two types
The two major forms of debt financing
Debt financing comes from two sources: selling bonds and borrowing from individuals, banks, and other financial institutions.
What is Debt Financing?Debt financing is the process through which a business sells debt instruments to retail and/or institutional investors in order to raise funds for working capital or capital expenditures.The people or organizations receiving the funds become creditors and are given the assurance that the principal and interest on the loan will be paid back.The other method of raising money in the debt markets is by issuing stock in a public offering; this process is known as equity financing.To know more about with equity financing the given link
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