A company's public relations initiatives can help it build relationships with its clients. As a result, the correct solution is (b) can help a firm create rapport with its customers.
What is Public relation?The process of controlling and releasing information from a person or organization to the public in order to impact their impression is known as public relations. The distinction between public relations and publicity is that PR is managed internally, whereas publicity is not controlled and is supplied by outside parties. An organization or individual may use public relations to acquire visibility to their audiences through issues of public interest and news items that may not involve direct payment. The majority of the exposure comes from the media. As a kind of marketing communication, this distinguishes it from advertising.
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In are the risks of derivatives manageable?, thomas a. Bass posits that market failures were due in part to mismanagement of derivative investments. What does he recommend?.
In ‘Are the risks of derivatives manageable’ Thomas A. Bass posits that market failures were due in part to mismanagement of derivative investments and recommends widespread regulation of derivatives or a complete ban. (Option A).
Derivatives refers to a security whose price is dependent upon or derived from one or multiple underlying assets (such as interest rate, stocks, commodity, etc.). It is a contract between parties (two or more) based upon the asset(s) and its value is established by underlying asset fluctuations. Derivatives are valuable tools for hedging risks, however, like all financial instruments they generate risks that need to be managed. According to Thomas A. Bass, market failure is caused by mismanagement of derivatives investments, and he recommends that derivatives must be regulated or banned completely.
Note: The question is incomplete as it is missing options. The options are A. Bass recommends widespread regulation of derivatives or a complete ban. B. Bass recommends further use of derivatives as a source of investment for banks and hedge funds. C. Bass recommends a safety net for banks who fail due to their use of derivatives, citing the ethical nature of the investment. D. Bass recommends implementing aggressive strategies to maximize returns in managing investments of wealthy private investors.
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elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
The type of marketing channel that Elena uses when she sells her own made purses to customers is D. direct.
In the field of business, a direct marketing channel can be described as a process in which the products made by a producer are sold directly to customers without an intermediate salesperson or company in between.
A producer directly deals with his customers instead of relying on an intermediate source and handing over the products to them.
The direct marketing channel is effective in the case of small businesses where the customers are lesser and can easily be handled by the producers. Elena uses the direct marketing channel when she sells her purses directly to customers at craft fairs.
Although a part of your question is missing, you might be referring to this question:
Elena makes purses out of old blue jeans and sells them to customers at local craft fairs. what type of marketing channel does this represent?
A. indirect
B. vertical
C. horizontal
D. direct
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first link services granted 8 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. the common shares have a market price of $6 per share on the grant date of the restricted stock award. 1. ignoring taxes, what is the total compensation cost pertaining to the restricted shares? 2. ignoring taxes, what is the effect on earnings in the year after the shares are granted to executives?
Total compensation cost = 8 million * 6 = 48,000,000, Effect on earnings would be that it will be considered as an expense thus the income statement would be (48,000,000/3 years)16,000,000.
The term "income" generally refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in exchange for goods or services. Taxation categories
earnings from a job.
earnings from residential property.
income from a business's or profession's gains.
capital gain earnings.
supplemental sources of income.
Typically, the term "compensation" refers to a monetary payment made to a person in return for their services. Employees work to earn their compensation at the office. It includes the employee's salary or wages, commission, and any additional benefits or incentives associated with the job.
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partnerships with blank as partners are generally not eligible to use the cash method of accounting for tax purposes.
Partnerships with corporations as partners are generally not eligible to use the cash method of accounting for tax purposes. (Option C).
What is a Partnership?A partnership is a type of business where two or more persons jointly own the company and are responsible for managing it and for any profits or losses it makes.
As a result, two or more individuals who pool their resources to start a firm and agree to split the risks, rewards, and losses constitute a partnership enterprise by definition. Law firms, medical groups, real estate investment firms, and accountancy groups are examples of common partnership businesses.
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Complete Question can be found below:
Partnerships with ______ as partners are generally not eligible to use the cash method of accounting for tax purposes.
A individuals
B other partnerships
C corporations
Correct Answer: Option C
Suppose that the consumer price index rises from 100 to 200. From this information we may conclude that?.
When the Consumer price index rises from 100 to 200 , it concludes that the prices in an average consumer's market basket are doubled.
The Consumer Price Index (CPI) is an index commonly used to measure inflation by tracking changes over time in the price consumers pay for a basket of goods and services. These goods and services are classified into eight major groups: food and beverages, housing, clothing, transportation, healthcare, recreation, education and telecommunications.
The Consumer Price Index is calculated by measuring the price of this fixed basket of consumer goods and services within a period compared to the price of the previous period. Changes in the CPI therefore loosely reflect changes in the cost of living in the Country. As such, the CPI is the most commonly used economic indicator to identify periods of inflation (or deflation) in the Country.
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in a perpetual system, when inventory is sold on account: a. sales revenue is increased and accounts receivable is decreased. b. sales revenue, cost of goods sold, and accounts receivable are increased while inventory is decreased. c. sales revenue is increased and inventory is decreased. d. sales revenue and accounts receivable are increased, and cost of goods sold and inventory are decreased.
In a perpetual system, when inventory is sold on account sales revenue, the cost of goods sold, and accounts receivable are increased while inventory is decreased.
A transaction between the buyer and the seller wherein the vendor sells intangible or tangible goods, property, or offerings in opposition to money is referred to as a sale. The sale is completed among two or extra events. In broader phrases, a sale may be is known as a contract among or more events i.e. the customer and the seller.
The time period, income, refers to all sports that result in the promotion of products and services. And advertising is the procedure of getting human beings interested in the products and offerings being sold. Sale is a time period used to explain the sports that cause the selling of products or offerings.
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stella ann freeman is having a difficult time deciding whether or not to attend a full-time mba program. how would understanding the concept of explicit and implicit costs help her make a decision?
Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.
What function do implicit and explicit serve?In writing, explicit refers to something that is directly mentioned, whereas implicit refers to something that is implied but not explicitly stated.
Opportunity cost is the loss of alternative resources in order to use a particular resource. Stella Ann Freeman will be able to make a wise financial decision if she comprehends the idea of opportunity cost. She must first assess several forms of financial sources. What she will have to give up to purchase a new car. It can include things like traveling abroad or purchasing a new insurance coverage for the future. The opportunity can also be broken down into explicit and implicit costs in order to make the greatest economic option.
Commonly, explicit costs are used to represent monetary values. She must place a high value on the finances that can be utilized to purchase a car if the maintenance costs of her new car are relatively expensive.
However, the implicit costs do not have monetary values attached to them. Purchasing a new car can satisfy social needs, serve as a status symbol, and increase value to the vehicle. In order to determine whether she can afford to get a new automobile or not, she must also estimate the cost of the new car as well as numerous indirect charges, such as insurance premiums. When determining the worth of various alternatives to purchasing an automobile, the marginal cost should be smaller than the marginal benefits from the car.
Given that resources are scarce and can be used in other ways, all economic decisions are based on the opportunity cost.
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true or false? in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer
This statement is False, in the second stage of the needs satisfaction approach, the salesperson ensures that the buyer recognizes that the product meets the customer.
The goal of need satisfaction selling is to satisfy the customer. The salesperson investigates the needs of the customer, both their spoken or stated wants and their unspoken or implicit needs, and then plans his sales pitch or presentation accordingly.
This method also goes by the name of need fulfillment. For instance, providers of set-top boxes like Tata Sky, Sun Direct, and others practice need satisfaction selling. To accommodate the needs of various consumer types, they provide several packages. They also provide unique bundles that let the customer select the channels they want based on their interests and then receive that specific package. Here is where need fulfillment selling is relevant.
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ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what is the revenue trend percent for years 2 and 3?
Sales for Base year = $410,000
Sales for year 2 = $460,000
Sales for year 3 = $510,000
Revenue Trend percentage for year 2
= {($460,000 - $410,000) / $410,000} * 100
= 12.19%
Revenue Trend percentage for year 3
={($510,000 - $410,000) / $410,000} * 100
= 24.39%
Therefore, Ash's company's revenue growth from base year 1 to year 2 was 12.19% and to year 3 is 24.39%
Revenue Trend Percentage = [(Current period value - Base period value) / Base period value] * 100.
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what is the relationship between job satisfaction and performance? group of answer choices they have a correlation of .3 job satisfaction causes people to perform better. it is a spurious correlation. they are only connected when ocb is high.
The relation between job satisfaction and performance are spurious correlation.
what is the relationship between job satisfaction and performance?
Numerous studies have demonstrated that any organization would benefit from spending money to increase employee satisfaction. Of course, the fundamental justification is that, as a company, you'll want to have contented staff working for you. Employee happiness is one of the best predictors of long-term successful firm performance, according to numerous research and papers.
Performance, which is linked to better earnings, is also associated with high job satisfaction. Employees who are satisfied in their jobs are much more likely to approach their work with a positive attitude and a commitment to excellence.
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a. he improved work conditions, making the jobs more interesting. b. he paid more, with compensation that included stock options. c. he made it more difficult for them to be consumers. d. he paid more than double the wages paid by other factory owners. e. he invited labor leaders to set up unions at ford
In regards to labor Ford paid more than double the wages paid by other factory owners.
Option D is correct .
Why did Henry Ford raise his workers pay?Ford's idea for adding the pay envelope of his workers was successful. He was trying to seek out further long- term workers so he'd have a further professional and devoted pool. Since he raised the pay envelope he'd some of the stylish product figures ever heard of.
How did Henry Ford pay his employees ?In early 1914, against a background of wide severance and adding labor uneasiness, Ford blazoned that it would pay its manly plant workers a minimal pay envelope of$ 5 per eight- hour day, upped from a former rate of$2.34 for nine hours( the policy was espoused for womanish workers in 1916)
Question is incomplete , missing part is given below :
In regard to labor, what did Ford do for his workers?
He made it more difficult for them to be consumers.
He improved work conditions, making the jobs more interesting.
He paid more, with compensation that included stock options.
He invited labor leaders to set up unions at Ford.
He paid more than double the wages paid by other factory owners.
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which term refers to why planners need to define how the brand will behave in the social web, what voice will be used and even how deeply the brand will interact in the social space with customers?
A social media persona is an imaginary portrayal of your target market based on information you ve learned from their social media profiles.
What is a social media persona?A social media persona is a fictitious profile you create for target clients, much like a buyer persona. The social media persona includes information about the social networks they utilize, their activity on each of those platforms, and how content consumption affects purchases, which is one of the key differences.Simply put, it provides a more thorough image of the audience you are aiming to connect with and transact business with on the various social media platforms.Your resource will be social media identities for:implementing social media tactics.Creating posts with high-quality material, taking tone into account.deciding how to interact with your intended audience.presenting yourself in the social media sphere consistently.To Learn more About social media persona refer to :
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in the context of the changes affecting leadership in an organization, ronald heifetz argues that a new mode of leadership is needed because .
in the context of the changes affecting leadership in an organization, Ronald Heifetz argues that a new mode of leadership is needed because . we are in a permanent state of crisis.
What is Heifetz perspective?Today's perception of leadership is considerably different from what it was in the past. It is seen as obsolete to believe that a hero can enforce his resolve to achieve objectives on his own. Today, leadership is viewed as a team sport.
Managers of businesses and other individuals in leadership roles now collaborate with their staff members to achieve goals and bring about change.
Heifetz contends that effective leadership requires the use of power to assist followers in resolving the conflicts of values that arise in social and professional contexts that are undergoing fast change. It takes an ethical stance because it considers workers' values. "Adaptive leadership is the art of inspiring others to take on difficult situations and succeed". However, given how unpredictable and chaotic the business environment can be, executives frequently discover
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a nurse manager plans the fiscal budget to include salaries for two rns for two 12-hour shifts with a patient census of 6 in the short-stay observation room. the nurse manager reviews the budget report 3 months later and notes that the salary expenses are higher than was budgeted because of higher-than-planned rn staff salaries. this additional rn staff is necessary to meet patient care needs because the census has remained constant at 10 patients rather than the 6 projected when the budget was developed. the difference between the planned budget and the actual cost is known as:
As reflected in the unit's budget, nurse managers are frequently evaluated based on how well they manage nursing overtime costs and supply usage.
What are the four primary approaches to budgeting?
Companies typically use one of four types of budgets:1) incremental, 2) based on activities, 3) based on a value proposition, and 4) based on zero. Each of these four approaches to budgeting has its own set of benefits and drawbacks, which this guide will go over in greater depth.
The national government's budgeting process consists of four distinct phases: preparation, authorization, implementation, and accountability of the budget Even though they are distinct processes, their implementation during a budget year overlaps.
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many economists believe that the trend toward greater wage inequality across the u.s. economy was primarily caused by . group of answer choices the recession new technologies the rise of global markets inflation
Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by new technologies.
A region's economy is its capacity for the creation, exchange, and consumption of goods and services. Generally speaking, it is described as a social domain that places an emphasis on the practices, discourses, and material manifestations connected to the production, use, and management of scarce resources. A system of interconnected production and consumption activities makes up an economy, and these activities ultimately decide how resources are distributed within a society. Economists research intricate data and statistics and use the information they glean to advise businesses on financial matters. As an economists, you would investigate and keep an eye on economic trends as well as develop statistical models to forecast future events. An economist is a specialist who investigates how a society's resources affect its output or production.
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in which of the following cases is the after-tax real interest rate highest? group of answer choices inflation is 4%, the pre-tax real interest rate is 2%, and the tax rate is 25%. inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 25%. inflation is 4%, the pre-tax real interest rate is 2%, and the tax rate is 20%. inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
The after-tax real interest rate is highest where inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
Nominal Rate= Before tax real interest rate + Inflation
= 3% + 6%
= 9 %
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 9% ( 1 - 0.20) - 6%
= 1.2%
Nominal Rate= Before tax real interest rate + Inflation
= 3% + 6%
= 9 %
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 9% ( 1 - 0.25) - 6%
= 0.75%
Nominal Rate= Before tax real interest rate + Inflation
= 2% + 4%
= 6%
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 6% ( 1 - 0.2) - 4%
= 0.8%
Nominal Rate= Before tax real interest rate + Inflation
= 2% + 4%
= 6%
After-Tax Real Interest Rate = Nominal Rate (1 - Tax Rate) - Inflation
= 6% ( 1 - 0.25) - 4%
= 0.5%
Hence after-real interest rate is highest where inflation is 6%, the pre-tax real interest rate is 3%, and the tax rate is 20%.
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A solution to the adverse selection problem can be:
a. Reputation mechanisms.
b. The creation of a market.
c. Building a fence.
d. Free riding.
Reputation mechanisms is a solution to the adverse selection problem.
Therefore Option A is correct.
What is Adverse selection problem and reputation mechanism?
Adverse selection refers generally to a situation where sellers have information that buyers do not have, or vice versa, about some aspect of product quality.
Effects of Adverse Selection
Higher Prices for Customers. Lower Consumption.Health Risk.Reputation mechanism
It is a mechanism used in P2P systems to associate the identities of peers with the opinions of other peers about the contribution of the former, and to acquaint the participating peers with this association.
Hence, Option A is correct.
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item 14 a new project has an initial cost of $172,000. the equipment will be depreciated on a straight-line basis to a book value of $65,000 at the end of the four-year life of the project. the projected net income each year is $15,300, $18,100, $23,400, and $15,200, respectively. what is the average accounting return? multiple choice
the average accounting return is found to be 15.19%
Average Accounting Return (AAR) = Average Project Net Income / Average Book Value Investment
Average annual project income = $72,000 / 4 years = $18,000
Average book value of investment = $172,000 + ($65,000/2) = $118,500
AAR = 18,000 / 118,500 = 15.19%
The average accounting return (AAR) is calculated by dividing the average project earnings after taxes and depreciation by the average book value of the investment over its life. The average accounting return is used in making capital budgeting decisions.
The average accounting return (AAR) has both benefits and drawbacks. one of its advantages is that It is simpler to calculate than other capital budgeting decision rules. It only requires the investment's net income and book values income and book values of the investment over its lifetime.
The disadvantage is that it is based on net income and book values rather than cash flows and market values.
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a problem is listed below. identify its type. ted owns a small florist shop. since his business is booming, his realizes he will soon need one more delivery van. he decides he will purchase a full size van versus a minivan, which he currently owns. the van he is looking to buy in 3 years will cost him $33,000. how much should he invest each quarter into an account that pays 5% per year compounded quarterly, so that he can have the desired funds in 5 years? a) present value with compound interest b) amortization c) present value of an annuity d) sinking fund e) future value with compound interest f) none of the above.
The correct answer is D. This is a sinking fund problem. A sinking fund is a fund that is used to set aside money for future repairs or replacement of a capital asset.
The fund is established by making periodic deposits into the account, which grow over time and can be used when needed.A sinking fund is used to amortize or pay down a debt over time. This type of fund typically has a specific purpose, such as paying off a bond issue or funding future capital expenditures.The funds are typically invested in a way that will allow them to grow over time so that they will be sufficient to cover the future costs.
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dollar damages are considered inadequate and specific performance is considered the proper remedy when a contract for the sale of a unique item is breached by the buyer. true false
The answer is false. A contract of sale of goods is one in which the seller transfers or agrees to transfer ownership of products to the buyer for a fee. A contract of sale may exist between one part-owner and another.
A selling contract can be absolute or conditional. Party A, for example, agrees to sale wheat crops to Party B. Both parties agree that if Party B pays the agreed-upon amount, he may cut and take the crops. This is a legitimate contract of sale because wheat crops are considered a good. Except for cash and actionable claims, everything transportable property is a good.
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on july 1 of the current calendar year, plum company paid $8,200 cash for management services to be performed over a two-year period beginning july 1. the adjusting entry on december 31 of the current year for plum would include:
A debit to an expense and a credit to a prepaid expense for $2,050.
8200 × 6/24 = $2050.
Debit method access is recorded for a fee made or owed. A debit entry is generally made on the left side of a ledger account. So, when a transaction takes place in a double-entry machine, one account is debited whilst some other account is credited.
'Debit' is a formal bookkeeping and accounting time period that comes from the Latin word debate, which means "to owe". The debit falls at the fine aspect of a balance sheet account, and on the negative side of an end result in the object.
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a company's cost of supplies for when 5,000 units are sold is $7,500 of fixed costs plus $1.25 variable cost per unit. what is the increase in the total cost of supplies if 350 more units are sold than expected? multiple choice question. $962.50 $437.50 the cost remains the same.
A company's cost of supplies for when 5,000 units are sold is $7,500 of fixed costs plus $1.25 variable cost per unit. The increase in the total cost of supplies if 350 more units are sold than expected is $437.50
It is calculated as :
Fixed cost when 5000 units are sold = $7500
Variable cost = $1.25 per unit
Fixed cost will remain the same and it will also did not increase with increase in output because it remains constant and decreases with the increase in output.
Therefore additional cost incurred is variable cost per unit.
When additional 350 units are sold = 1.25* 350 units
= $437.5
Variable cost is defined as the cost which vary with the level of output . It increases with the increase in output.
Total cost is equal to fixed cost plus variable cost.
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ben is purchasing a home and reviewing a loan amortization chart. if the home price is $330,000 and he's financing $300,000, once he finds the factor (number that intersects his interest rate and term on the amortization chart), what number does he multiply by that factor?
300 is multiplied by that factor. The number intersects his interest rate and term on the amortization chart.
In tax regulation, amortization refers to the price recovery system for intangible belongings. Despite the fact that the idea at the back of cost healing deductions of amortization is to deduct from the foundation in a scientific manner over an asset's anticipated useful financial life so as to reflect its consumption, expiration, obsolescence or different decline in cost as a result of use or the passage of time, oftentimes a perfect in the shape of income and deductions does no longer occur for policy reasons. A corresponding concept for a tangible property is depreciation. Methodologies for allocating amortization to every tax period are normally the same as for depreciation. However, many intangible properties together with goodwill or sure manufacturers can be deemed to have an indefinite useful existence, or “self-created” and are therefore now not issued to amortization.
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ray and gina own shares of stock in a number of different companies. none of their holdings are very large. because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are. a. true b. false
The statement 'Ray and Gina own shares of stock in a number of different companies. None of their holdings are very large. Because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are' is false.
When you hold stock in a company, whether it be of low value or high value' you have to go along with the board of directors of the company. You cannot make a decision on your own without getting approval from the board of directors.
In the case above, although Ray and Gina might be having a small share of stock in different companies, they are still entitled to be dependent on the board of directors as much as the large-block shareholders are.
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retained earnings of $100,000 represent a corporation's cumulative earnings blank and is shown on the blank . multiple choice question. declared; statement of retained earnings and income statement in cash; balance sheet not paid out by dividends; balance sheet and statement of retained earnings
Balance sheet and statement of retained earnings.
What is Balance sheet ?In accounting, a balance sheet refers to the summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. First, assets, liabilities, and equity are listed as of a particular date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." Of the four basic financial statements, the balance sheet is the only financial statement that relates to a specific point in the company's calendar year. A typical corporate balance sheet has two pages. Assets on the left and Funding on the right. debt and equity. The major categories of assets are usually listed first, usually in order of liquidity. Assets are followed by liabilities. The difference between assets and liabilities is called the company's equity or net worth or net worth or equity, and according to the accounting equation, net worth should be equal to assets minus liabilities.To learn more about Balance sheet from the given link :
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demand and revenues for a monopoly price (dollars) quantity (units) total revenue (dollars) marginal revenue (dollars) $40 0 $35 5 $30 10 $25 15 $20 20 $15 25 using the demand schedule, what is the marginal revenue (mr) for the 10th unit?
Marginal revenue is the difference between the total revenue for a particular unit of output and the total revenue for the unit of output that came before it. Total revenue is equal to Price minus the quantity demanded.
Marginal profit is the difference between marginal cost (MC) and marginal revenue (MR).At some level of output, if marginal revenue is greater than marginal cost, marginal profit is positive, implying that more should be produced. On the other hand, if marginal revenue is lower than marginal cost, marginal profit is negative, implying that less should be produced.Profit is maximized at the output level where marginal revenue equals marginal cost, where marginal profit is zero.
At an output level of two units, the Marginal Revenue and Marginal Cost equalize if the Marginal Cost is set at $30.
As a result, the output that maximizes profits is two units.
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in what way are debt securities, equity securities and derivatives similar? a.) they can all be converted to cash with little difficulty. b.) they all carry similar levels of risk. c.) they generate equivalent returns. d.) they are all fixed assets.
The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
What do you mean by debt securities, equity securities and derivatives?
'Debt Security' is also known as fixed-income securities, most debt securities are traded over the counter. They are held by many large institutional investors as well as governments and nonprofit organizations.
They are present in
collateralized debt obligations collateralized mortgage obligations mortgage-backed securities zero-coupon securitiesEquity security is a financial instrument that represents an ownership share in a corporation. The typical equity security is common stock,
Derivative refers to a type of financial contract whose value is dependent on an underlying asset, group of assets, or benchmark.
From the above definition we can conclude that The way debt securities, equity securities and derivatives similar is because they can all be converted to cash with little difficulty.
Hence, option A is correct.
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a company's inventory records indicate the following data for the month of april if the company uses the first in first out method and the perpetual inventory system what would be the cost of the ending inventory
The first-in, first-out method of inventory valuation is referred to as the FIFO method. It is assumed that the first items purchased will be sold in this manner. It is the most widely accepted and one of the easiest methods to comprehend.
Which is superior, LIFO or FIFO?
Inventory management using the FIFO (first in, first out) method aims to value inventory so that the company is less likely to lose money when products expire or become obsolete. Non-perishable goods benefit more from LIFO (last in, first out) inventory management, which uses current prices to determine the cost of goods sold.
What is FIFO technique recipe?
The cost of your oldest inventory is multiplied by the amount of inventory sold to calculate FIFO (First-In, First Out), whereas the cost of your most recent inventory is multiplied by the amount of inventory sold to calculate LIFO (Last-in, First-Out).
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The manufacturer of a computer game planned to produce the game for a cost of $15 and sell it for $30. however, in the first month, the company sold only 100,000 games. a marketing research group suggests that by dropping their price to $20 they could probably increase sales to about 200,000 games in the next month. production costs would stay the same, and the manufacturer has the capacity to produce 200,000 games. which of these options is the best for the coming month when considering marginal costs and benefits?
The best option for the manufacture in the coming month when considering marginal costs and benefits is keeping the price at $30 to retain the image of a quality product.
This option is not only to retain the quality of the product, but it also avoids your customer being confused about why your company decreasing the price. is it means the quality decrease too? So it's better to keep selling it for $30 and increase the quality than your sold for $20, but not guarantee it would be sold in more units. Marginal cost also says to the increase or decrease in the value of producing one more items or serving one more customer. It is also called as incremental cost.
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Step 2
The risk assessment has been carried out and fortunately has not uncovered any major
problems. Now the owner wants your help in choosing the right kind of insurance for his
business. Help him by writing a guide on what to consider when making this decision so that
he chooses the right kind of insurance. Be sure to mention important factors such as the
influence of the business's location, the number of employees, and the industry they are in.
A risk assessment is considered to be a process in order to identify potential hazards and analyze what could happen if an hazard tend to occur.
The aim of the risk assessment process is in order to evaluate the hazards, and then remove those hazard or minimize the level of its risk thus by adding control measures. Thus, through this one creates a safer and healthier workplace.
The hazard identification and the risk assessment helps one in recognizing and controlling the hazards in the workplace. Thus, one should create awareness regarding this to their employees and use it as a training tool.
Hence, risk management standards are set based on acceptable safe practices.
The given question is incomplete, the complete question is-
The risk assessment has been carried out and fortunately has not uncovered any major problems. Now the owner wants your help in choosing the right kind of insurance for his business. Help him by writing a guide on what to consider when making this decision so that he chooses the right kind of insurance.
Be sure to mention important factors such as the influence of the business's location, the number of employees, and the industry they are in their workplace.
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