Horizontal analysis of a balance sheet shows changes in individual asset, liability, and equity items over time. Hence, option C is appropriate.
What is the meaning of a Balance Sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
An organization's assets, and liabilities, including shareholder equity, are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
Hence, option C is correct.
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Last week the price of juice was 4 .this week you discover the price has risen to $5.what was the %change in the price of orange juice since last week?
a)15%
b)20%
c)33.3%
d)25%
Last week the price of juice was $4 and this week you discover the price has risen to $5, so the % change in the price of orange juice since last week is option d)25%.
Price is the sum of money customers are ready to spend on a thing. Companies must take supply chain costs, special discounts, rival prices, and retail markup in addition to connecting the price to the item's actual and envisioned value. When a vendor or manufacturer has monopoly power, they are referred to as price creators. Alternatively, pricing can be established by the market on its own when businesses are price takers.
An increase or decrease in the value of a security or other commodity is known as a price change in the market. The phrase can also be used to describe the variation in a commodity's closing price from one trading day to the next.
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how does sony ever keep reinventing themselves
Sony reinvents itself by continuously adapting to market trends, investing in research and development, and fostering innovation and creativity. By staying up-to-date with the latest technology and consumer preferences, Sony remains relevant and competitive in an ever-changing market.
One of the reasons for Sony's success in reinventing itself is its focus on innovation and technology. The company invests heavily in research and development to bring new and improved products to market, and is constantly looking for ways to stay ahead of the curve.
Additionally, Sony has a strong corporate culture that values creativity and encourages its employees to think outside the box. This has led to the development of a wide range of products, from electronics and gaming to entertainment and financial services.
By keeping an eye on market trends and staying flexible, Sony has been able to continuously evolve and remain relevant in a rapidly changing world.
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why does airline management keep their financial date secret
Because their clients are price sensitive and unable to commit to a precise time or date, airline management primarily hides its financial information.
Price sensitivity is the degree to which demand varies as a good or service's price changes. The price elasticity of demand is a common way to gauge price sensitivity because it implies that certain consumers won't pay more if a cheaper option is offered. How much importance consumers place on price in relation to other selection criteria determines how sensitively priced a product is. Some people could value quality over money, which makes them less price sensitive. Price sensitivity varies greatly. It is influenced by the kinds of goods and services you provide, your clientele, and market-wide elements including social and economic trends.
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what are the contemporary approaches to management? multiple select question.
Contemporary approaches to management include System Theory , Contingency Approach , Total Quality Management , Lean Management (A,B,C,E)
System Theory: focuses on the interrelationships between different parts of an organization and the interactions between organizations and their environment.Contingency Approach: believes that there is no single best way to manage and that the best management style is contingent on the situation.Total Quality Management (TQM): emphasizes continuous improvement and customer satisfaction through the involvement of all employees in the organization.Lean Management: focuses on reducing waste and maximizing efficiency in processes to improve overall quality and customer satisfaction.To know more about Total Quality Management click on the link below:
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Complete question:
What are the contemporary approaches to management? multiple select question.
A) System Theory
B) Contingency Approach
C) Total Quality Management
D) Sustainable development
E) Lean Management
F) Learning technologies
If there is an oil shock what will happen to the market for thick metal tables (they are very heavy)?
A. P decreases and Q increases B. P increases and Q increases. C. P increases and Q decreases.
D. P decreases and Q decreases
If there is an oil shock the market for thick metal tables (they are very heavy) then P increases and Q decreases. Hence option (C) is correct.
At the point when the oil shock occurs, costs in all actuality do increment consequently which brings about the weighty metals cost likewise to increment as they are the principal constituents of raw petroleum. Be that as it may, because of the expanded value, the interest for the weighty metals gets lower which brings about the lessening in the amount. This is the ordinary stockpile request issue occurs during the emergency times.
Supply alludes to the market's capacity to create a decent or administration, though request alludes to the market's craving to buy the great or administration.
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According to our system of checks and balances, what can the other branches of government do if the President vetoes a bill that Congress believes is necessary to protect the welfare of the people?
A. The Senate can overturn the veto with a two-thirds vote
B. Congress can overturn the veto with a two-thirds vote.
C. The Senate can overturn the veto with a three-fifths vote.
D. The Supreme Court can overturn the veto.
E. The Supreme Court can declare the bill unconstitutional.
Congress has the authority to override a veto with a two-thirds majority in both chambers, which results in the bill being printed and signed into law.
A veto can be overridden by the Congress with a two-thirds majority in both chambers, which causes the bill to be printed and signed into law. The President has two more options to select from. If Congress is in session and the President does not act within 10 days, the measure becomes a law. What grounds exist for the legislative branch to overturn a veto? The bill is often returned back to the house where it was first introduced after a standard veto by the president, along with a note outlining the president's stance. This reinforces the American principle that everyone is subject to the law, including legislators.
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what remedies are available to the gonzales family for meeting the monthly budget deficits?
For meeting the monthly budget deficits Gonzales family should try enhancing their monthly income by increasing their workshifts and paycut.
Spending more than income results in a budget deficit, which can be a sign of how financially sound a nation is. Instead of referring to business or individual spending, the word is also used to represent government spending. The overall amount a country owes to creditors, the sum of its annual budget deficits, and the national debt are all impacted by budget deficits. The term "budgetary deficit" refers to the scenario where spending is higher than revenue. Although mainly used by agencies, this has many applications for the both people and businesses. In other terms, a fiscal deficit is considered to have arisen when expenses outweigh revenues in the personal, governmental, or commercial budgets.
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when should an investor purchase an issuer’s variable rate preferred shares over straight preferred shares?
A variable interest rate (in some cases called an "movable" or a "drifting" rate) is a financing cost on a credit or security that vacillates over the long run since it depends on a hidden benchmark loan fee or record that changes occasionally.
An investor may consider purchasing an issuer's variable interest rate preferred shares over straight preferred shares when:
Interest rate environment: If the investor expects interest rates to decline, they may prefer a variable rate preferred share as the dividend rate will adjust downward, providing a higher yield.
Investment objective: If the investor is seeking a higher yield, a variable rate preferred share may offer a better return as the dividend rate adjusts according to changes in interest rates.
Risk tolerance: Variable rate preferred shares are generally considered to have a lower credit risk compared to straight preferred shares. However, they may be subject to interest rate risk, which is the risk that the value of the security will decline as interest rates rise.
Liquidity: If the investor is seeking more liquidity, a straight preferred share may be a better option as they are more commonly traded and have a well-established secondary market.
It is important to note that both types of preferred shares have different advantages and disadvantages, and the best option for an investor will depend on their individual investment goals, risk tolerance, and other factors. It is recommended that an investor seeks the advice of a financial advisor before making any investment decisions.
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return the customer id, invoice date, and billing city from the invoices table. what city is associated with customer id number 42? what was the invoice date for the customer in santiago?
Bordeaux city is associated with customer id number 42. 2009-04-04 was the invoice date for the customer in santiago.
When it comes to sales, business, and economics, a customer is the person who receives an item, service, product, or idea from a seller, vendor, or supplier in exchange for money or another useful consideration. One who purchases goods or services from another company is referred to as a client. Because they bring in money, customers are important. Organizations would cease to exist without them. Any individual or group that has expressed interest in purchasing goods or services from a business is considered a client. You represent a company's clientele each time you pay a bill or make a purchase there. Three fundamental sorts of clients may be identified in general.
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true or false? a forensic certification is meant to demonstrate a baseline of competence.
This statement is True. Forensic certification is intended to demonstrate basic competency in a specific area or discipline of forensic science. It is an indication that an individual has achieved a certain level of knowledge and skill in a given subject.
It also demonstrates that the individual has gained a certain level of experience and demonstrated commitment to the field of forensic science. Forensic certification is usually awarded after an individual has passed a series of exams and been approved by the industry's governing body. It is understood as a way of ensuring that an individual has the necessary skills and knowledge to carry out work in a professional manner and to the expected standards.
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Which one of these is the best indicator that acquiring a firm is a good idea?A) The firm has a positive NPV at an appropriate discount rate.B) The firm has a negative NPV at all positive discount rates.C) The firm has a positive NPV at the riskless rate of return.D) The firm has increasing cash inflows.E) The firm is growing on an annual basis.
The best indicator that acquiring a firm is a good idea is "the firm has a positive NPV at an appropriate discount rate". The correct option is A.
The positive NPV is the term which is used to refers the projected earns that is generated by the project or through the investment. The positive NPV is the discounted for the present value or market price on the products, this price is exeeded the antipated costs.
The NPV stands for the Net present value. The types of NPV is the positive NPV and negative NPV, the positive NPV refers to profit and the negative NPV refers to net loss.
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regan wants to develop a long-term relationship with his customers. to accomplish this objective, regan will need to pay close attention to: group of answer choices the definition of the type of product needed. the evaluation of product performance. the acquisition and analysis of proposals. the recognition of a need or problem. the receipt of an order.
In the practice of relationship selling, the salesperson puts their relationship with the client before all other elements of the transaction.
What is relationship selling?
Rather than just using price and other details to sell a product or service, the seller focuses on the interactions they have with customers. Customers are more likely to build loyalty to a product or service when the seller develops a personal relationship with them. This familiarity allows you to keep regular customers and attract new ones because they feel valued by the company. This technique works well for expensive sales or more complex purchases, as these customers typically spend more time and thought on the decision. You want to make sure they're making the right choice, so you need to find out if they can trust you.
Relationship selling helps you achieve this as you strive to understand your customers and their needs so you can provide personalized reasons why your product or service is best for them.
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on july 1, cooper company paid $7,200 for two years of insurance in advance. cooper company recorded the transaction by debiting prepaid insurance and crediting cash. required: journalize the adjusting entry on december 31.
The adjusting entry on December 31 is Debit: Insurance Expense $300, Credit: Prepaid Insurance $300.
To journalize the adjusting entry on December 31, we need to allocate the $7,200 insurance payment over the two years it covers. To do this, we need to know the length of the year, as this will determine the amount of insurance expense to be recognized for each period.
Let's assume the year length is 12 months. This means each month has 1/12 of the $7,200 insurance payment, or $600. On December 31, the first year has passed, which means that $7,200 / 2 = $3,600 of the insurance expense has been used up. This means that $3,600 / 12 months = $300 of insurance expenses needs to be recognized each month.
The adjusting entry on December 31 is as follows:
Debit: Insurance Expense $300
Credit: Prepaid Insurance $300
This entry recognizes the insurance expense incurred in the first year and reduces the balance of the prepaid insurance account. On January 1 of the next year, the second year of insurance will begin, and the process will repeat.
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in which of the following situations will a tax preparer likely incur a penalty? multiple choice question. based on research, it appears there is a 35-40 percent chance that the position will be upheld in an audit or litigation. the tax position is supported by substantial authority and is not disclosed on the tax return. the position has a reasonable basis for being upheld and is disclosed on the tax return. the tax position is supported by one authority, contradicted by several other authorities, and is not disclosed on the tax return.
Individuals are subject to the following 2 Accuracy-Related Penalties: Failure to follow the law or regulations with care or diligence. Considerable Income Tax Understatement A flat 20 percent of the net tax understatement is used to determine these penalties.
If the tax stated on your return is less than the actual tax, you understate your tax. If the understatement exceeds either 10% of the actual tax owed or $5,000 for individuals, the understatement is considered significant. A $500 fine could be imposed on the tax preparer for failing to keep tax records and paperwork. To apply to income tax returns, the IRS has provided the following period of limitations: If the scenarios in (4), (5), and (6) below do not apply to you, save your records for three years.
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analyse any two forces affecting the workplace and learning. how can training help companies deal with these forces?
Demographic change and workforce diversity are two forces affecting the workplace and learning.
Business globalization is the transformation of a business from a company associated with a single country to one with operations in multiple countries.
Population is a key factor in determining the size and composition of the workforce.
This is due to immigration, increased participation of minorities in the labor force, and rising minority birth rates. Training is needed to improve technical skills and immigrant customer service skills.
Older people are getting healthier and have more opportunities to work long hours. A new trend of skilled older workers working part-time or for several months. Due to the diversity of our workforce, training is required.
Technology has changed the way we train. Technology impacts every field, including robotics, artificial intelligence, nanotechnology, and CAD.
Training reduces costs. Technological changes are having a major impact on training methods that are more realistic, can be delivered anytime, and give employees the freedom to choose when and where they work. New technologies include the Internet, email, DVDs, CD-ROMs, mobile technology, satellites, PDAs and other iPods.
Economic change occurs mainly when the economy goes bad. Training and development are required to understand the key objectives that support business strategy.
A firm's values include his three types of assets that are essential for a firm to offer its goods and services.
1. Financial assets (cash/securities)
2. Tangible assets (land, facilities, equipment)
3. Intangible assets (human capital, customer capital, social capital, intellectual capital)
Human capital refers to the sum of attributes, life experience, knowledge, energy and enthusiasm. (for example.:
training, work-related know-how)
Social capital refers to human relationships within a company. (for example.: corporate culture, management practices)
Customer impartiality refers to the value of a relationship with an outside individual or organization to achieve goals (e.g. brand, customer relationship)
Intellectual capital refers to the organized knowledge that exists within a company. (for example.: patents, copyrights).
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protect small business from large corporations dominating the market. ensure that partnerships divide profits among partners in a fair manner. guarantee that outside auditors can control corporate accounting practices. control corrupt corporate financial behavior.
In order to protect small businesses from large enterprises dominating the market you need to D: "control corrupt corporate financial behavior".
Control of corrupt corporate financial behavior refers to efforts to prevent and address unethical, illegal, or fraudulent financial practices within corporations. This can include practices such as embezzlement, bribery, tax evasion, insider trading, and manipulation of financial reports.
The goal of controlling corrupt financial behavior is to promote transparency, accountability, and fairness in the business world, and to protect investors, employees, and the public from harm caused by such practices. This can be achieved through a combination of legal regulations, internal controls, and cultural norms that discourage and penalize unethical behavior.
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if the signaling, hypothesis (which is also called the information content hypothesis) is correct, then changes in dividend policy can have an important effect on the firm's value and capital costs. a. true b. false
True, if the signaling hypothesis is right, then changes in dividend policy do affect the firm's value and capital cost.
The majority of businesses that regularly distribute dividends use this information to strengthen their position in the marketplace. A corporation that consistently pays dividends is valued by investors more highly, which enables it to gain greater advantages from investments made by the investors in the market.
Companies that regularly distribute dividends take advantage of this knowledge to drive up share prices or draw in more capital. The dividend signaling hypothesis refers to this method of signaling dividends to investors.
Hence, if the signaling hypothesis is correct, then changes in dividend policy can affect its stock prices and cost of equity.
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virtue ethics emphasizes development of good habits of character. what should be the greatest reward of practicing good habits of character, according to macintyre?
o External rewards o Loyalty from others o Internal rewards o Authority of rules
Virtue ethics emphasizes development of good habits of character. The "Internal rewards" should be the greatest reward of practicing good habits of character, according to Macintyre.
The Internal rewards are those rewards or outcomes that comes in our mind and motivate to do our best in the work or study. The Internal rewards makes body feel lighter and mind becomes so calm.
The Internal rewards helps in increasing the productivity and motivate our mind to do best in our job. The rewards are of four types which are monetary rewards, non-monetary rewards, assistance rewards and recognition rewards.
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what statement regarding ethical climates is true? multiple choice question. ethical climates are unaffected by an organization's policies, procedures, and practices. the ethical climate of an organization is unrelated to employees' ethical behavior. managers have little or no effect on the ethical climate in an organization. an ethical climate significantly affects the frequency of ethical behavior.
Giving employees the resources and encouragement, they require to inject meaning into their workdays and professional surroundings is what it eventually comes down to.
The truth is that managers greatly influence their staff members' ethical behavior. A person who earns pay for working for another business or individual is considered to be an employee. Full-time employment is not necessary for someone to be deemed an employer; they only need to be compensated for their work (the person or business that pays them). What exactly is a worker's main goal? Employee mission is the sense of purpose that employees get from their work and the extent to which a company shares its values. Giving employees the resources and encouragement, they require to inject meaning into their workdays and professional surroundings is what it eventually comes down to.
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major movie stars are paid millions of dollars per movie, which can take as much as 6 months of full-time work for an actor. by contrast, doctors and nurses earn considerably less over the same time period. why might this be? a. while the supply of is small and relatively fixed in the short run, the demand for is quite large globally. by contrast, the marginal benefit of the services provided by is relatively low, although the total benefit is quite high.
Major movie stars are paid more due to their limited supply and high demand, while medical professionals are paid less due to the large supply and lower demand.
The Inequality in Salary Between Major Movie Stars and Medical ProfessionalsThe supply of major movie stars is small and relatively fixed in the short run due to the fame and notoriety they have acquired and the limited number of roles available. This gives them significant bargaining power in terms of their salaries and allows them to command high salaries for their work. On the other hand, the demand for medical professionals is relatively large globally, but the marginal benefit of their services is relatively low, meaning that the salaries for these jobs are not as high as for movie stars. However, the total benefit that medical professionals provide to society is still high.
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What conditions are most likely occurring if you feel you need a "Quality Assurance and Release Sprint"?
(choose the best 3 answers)
A) The definition of Done is not being met every Sprint.
B) You are following Scrum and the concept of a Hardening Sprint.
C) The definition of Done is weak or incomplete, allowing technical debt to accumulate.
D) Scrum has been modified in an acceptable manner to introduce "Quality Assurance and Release Readiness Sprints".
E) The developers find it nearly impossible to create a valuable, useful product increment in a sprint.
The correct answer is option A) The definition of Done is not being met every Sprint.
Our entire team collaborates during sprint planning to make sure that the task allocation benefits both developers and quality assurance. On Day 2 of the sprint, some tasks should ideally be prepared for Quality Assurance. This entails segmenting significant development jobs into smaller ones so that Quality Assurance and development can start off cooperating. Keep in mind that Quality Assurance-reported concerns necessitate further communication, time for a thorough investigation, and address during the same sprint. You can reduce communication requirements and the possibility of missing deadlines by making tasks manageable in size and complexity.
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in a corporate environment the most common use for sysprep is preparing workstations to capture an image. what is this process known as?
In a corporate environment, the most common use for Sysprep is preparing workstations to capture an image. This process is known as generalization
A generalization is described as a broad statement or idea that encompasses a large variety of people or situations. Sysprep is a frequently used programme in a corporate setting for getting workstations ready for image capture. The generalisation process is what causes this. A system preparation programme called Sysprep is used to get a Windows installation ready for replication, auditing, and client delivery.
Administrators can produce an image that can be installed on numerous computers by executing Sysprep to remove system-specific data from a Windows installation, such as the computer name and security identifiers (SIDs). Generalization is a technique that makes sure the delivered image is devoid of machine-specific configurations and prepared for use in a new environment.
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how is bumper production a boon for farmers?
Bumper production of crops can bring many benefits to farmers and their communities, including increased income, improved market position, reduced waste, improved food security, improved livelihoods, and a positive environmental impact.
Bumper production of crops can be a boon for farmers in several ways:
Increased income: Bumper production can result in a higher yield and increased sales, which can lead to higher income for farmers.
Improved market position: With a surplus of crops, farmers can negotiate better prices for their produce and have more bargaining power in the market.
Reduced waste: By producing more crops, farmers can reduce the waste associated with spoilage and reduce the need for imports.
Improved food security: Bumper production can help to improve food security by increasing the availability of food, particularly in developing countries where food shortages are common.
Improved livelihoods: Bumper production can provide farmers with a stable source of income, which can improve their standard of living and provide greater financial security.
Positive environmental impact: By producing more crops, farmers can reduce the amount of land that needs to be cleared for agriculture, which can have a positive impact on the environment.
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Three major challenges facing supply executives when setting supply strategies and objectives are:Multiple Choice(1) How can we simultaneously provide uninterrupted supply and minimize inventory? (2) How can we improve quality while reducing our supply base? and, (3) How can we increase our involvement in outsourcing decisions?(1) What is the effective interpretation of corporate objectives and supply objectives? (2) What is the appropriate action plan or strategy to achieve the desired objectives? and, (3) How can supply issues be identified and integrated into organizational objectives and strategies?(1) Should we have a centralized or decentralized purchasing structure? (2) Should we hire managers trained in supply management or in technical fields? and, (3) Should we outsource any or all of the purchasing function?(1) Should we pre-certify suppliers? (2) Should we allow internal users to purchase certain categories of purchases? and, (3) Should we increase or decrease the number of suppliers in our supply base?(1) How many suppliers should we do business with? (2) Which suppliers should we select? and, (3) What type of relationship should we have with these suppliers?
The three major challenges facing supply executives when setting supply strategies and objectives are: How can we simultaneously provide uninterrupted supply and minimize inventory?;How can we improve quality while reducing our supply base?;How can we increase our involvement in outsourcing decisions?
What are supply strategies and objectives?
The following are the most crucial objectives of Supply Chain Management.
Improving Efficiency:
Optimising Transportation and Logistics
Reducing Costs
Enhancing Customer Satisfaction
Improving Distribution
Maintaining Better Coordination.
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Whose interests should a financial manager consider paramount when making a decision? the senior management and associated colleagues at the executive level within the company the stockholders who have risked their money to become owners of the company the financial manager's own interests the employees and associated stakeholders who are employed by the company the public who consume the company's goods and services
The interests should a financial manager consider paramount when making a decision is "the stockholders who have risked their money to become owners of the company".
The financial manager in the company or an organization who manages the accounting and financial details of the company. The financial manager is also analyzed the financial data of the company.
The stockholders have benefit of a higher stock price on offer. The stockholder buys the stocks from the company. So, that the company can improve and increase their growth in the market.
That's why, the stockholders interest should a financial manager consider paramount when making a decision.
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a(n) is a story of how a firm will create value for customers and how it will do so profitably.
A business model is a story of how a firm will create value for customers and how it will do so profitably.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
The strategy a business uses to turn a profit is referred to as its business model. It lists any estimated costs as well as the goods or services the company intends to sell, as well as its chosen target clientele. Both new and established businesses need strong business models.
Therefore, A firm will create value for the customers through the business model.
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Process Co has two divisions, A and B. Division A produces three types of chemicals: products L, M and S, using a common process. Each of the products can either be sold by Division A to the external market at split-off point (after the common process is complete) or can be transferred to Division B for individual further processing into products LX, MX and SX.In November 20X1, which is a typical month, Division A’s output was as follows:Product KgL 1,200M 1,400S 1,800The market selling prices per kg for the products, both at split-off point and after further processing, are as follows:$ $L 5.60 LX 6.70M 6.50 MX 7.90S 6.10 SX 6.80The specific costs for each of the individual further processes are:Variable cost of $0.50 per kg of LXVariable cost of $0.70 per kg of MXVariable cost of $0.80 per kg of SXFurther processing leads to a normal loss of 5% at the beginning of the process for each of the products being processed.RequiredCalculate and conclude whether any of the products should be further processed in Division B in order to optimise the profit for the company as a whole.It has been suggested that Division A should transfer products L and M to Division B for further processing, in order to optimise the profit of the company as a whole. Divisions A and B are both investment centres and all transfers from Division A to Division B would be made using the actual marginal cost. As a result, if Division A were to make the transfers as suggested, their divisional profits would be much lower than if it were to sell both products externally at split-off point. Division B’s profits, however, would be much higher.Required(b) Discuss the issues arising from this suggested approach to transfer pricing.
Transfer pricing is a major issue when it comes to companies with multiple divisions.
It is important to consider the impact of transfers on the overall profits of the company, not just the profits of individual divisions. In this case, the suggested approach to transfer pricing would result in Division A’s profits being much lower than if it were to sell both products externally at split-off point. Division B’s profits, however, would be much higher. This creates an issue of fairness between the two divisions, as it could be argued that Division B is being rewarded for the additional cost of further processing, while Division A is not. Additionally, this approach may result in the company as a whole being less profitable, as the transfer of products to Division B for further processing involves additional costs. Therefore, it is important to weigh up the pros and cons of the suggested approach in order to determine the optimal solution for the company as a whole.
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how to calculate profit in the long run
The profit formula is: Total revenue - total cost = profit. Continue reading: How the profit margin is calculated. Total revenue - total cost = profit.
Profit means the company's success, and management should be able to calculate this return. Analysts use earnings as a measure of corporate value to help investors make informed decisions. In some cases, individuals may have to calculate their wins themselves using basic mathematical calculations.
In this article, we'll explain what profit is, what it represents for your business, and then give you an example of how profit is calculated.
The profit formula is: Total Income - Total Expenses = Profit
Profit is determined by subtracting direct and indirect costs from all sales generated. Direct costs may include purchases such as materials and staff wages. Indirect costs are also called indirect costs such as rent and incidentals. Economic profit equals total sales minus total cost, and cost is measured economically as opportunity cost. An economic loss (negative economic gain) occurs when total costs exceed total income.
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When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply?
A. Extended term option
B. Conversion provision
C. 1035 Exchange
D. Incontestable period
B) The exchange of a term policy for a whole life policy without providing proof of good health is known as a "Conversion Provision."
A conversion provision allows policyholders to exchange their term life insurance policy for a whole life policy without having to prove good health.
This feature is usually included in term policies as an option for policyholders who may not have been in good health at the time of their original policy purchase but have since improved.
The conversion provision allows policyholders to convert their term policy into a permanent policy without going through the underwriting process, which can be lengthy and require medical exams and other tests. This provision provides policyholders with the flexibility to change their coverage as their needs and financial situation change over time.
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you are studying the market for apple iPhones. what effect will each of the following events have on the quuilibruim price and quantity in that market?
a) a decrease in the price of a Samsung galaxy smartphone
b) an increase in the price of the batteries used in iphones
c) a recession is expected in the future (iPhones are a normal good)
The correct is OPTION C. The equilibrium price, which is reached when the amount sought by consumers and the quantity supplied by producers are equal, is the only price at which consumer and producer plans are in agreement.
The supply and demand curves' junction designates the equilibrium point. The point reveals the ideal price and quantity. In order to determine it, the equations a - bP = x + yP for the supplied and required quantities must be solved. The equilibrium price and producers are found where the supply and demand curves intersect. This is obvious when the quantity supplied and quantity required are the same at a single price.
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