Inventory are the products which are directly involved in the manufacturing of a business. Inventory includes raw materials inventory, work in progress inventory and finished goods inventory.
In a merchandising business, inventory includes all the products available for use. There are inventories in the administrative section of the company also which is known as the supplies Inventory.
Purchases are a nominal account that forms part in the cost of goods sold. Purchases term is used in the manufacturing firm and is the raw materials needed in the production of their product, thus will also form part of the inventory account if there is a left over for it.
Inventory on the other hand can come from the purchases itself in terms of the raw materials.
There are many inventory control such as the following:
Conducting different semi annual inventory count to know the actual number of inventory in hand against the monitoring of the inventory
Maintaining security of the facility of the stockroom storage by having cctv and padlock of the room.
Checking the incoming and outgoing inventory based on the documents given in the store.
Proper segregation of duties must be there, the record keeper should not be the same person as the one holding the inventory.
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What are the two goals state insurance regulators attempt to accomplish? select all that apply:
The two goals state insurance regulators attempt to accomplish are to keep the price of insurance low and make sure that everyone has insurance.
What do regulators of insurance do?
A state's insurance industry is regulated by insurance authorities. They examine company operations, conduct investigations, execute punishments, and grant (and even withdraw) licenses. Protecting both insurers and the insured is the main goal of an insurance regulator.
Industry regulations are strict about preserving an insurance company's financial stability because doing so puts its clients' coverage at risk. Although statutory rules adopted by state legislatures oversee regulators, administrative adjudication, court rulings, and federal law also play a significant influence in their operations.
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The _____ environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors.
The task environment is the set of forces and conditions that originates with suppliers, distributors, customers, and competitors.
External environment of an organization affects the ability of the organization to reach business goals. Any business or consumer with any direct involvement in an organization can be a part of the task environment.
Examples of the task environment sectors include different factors such as competitors, suppliers, customers and labour supply.
Suppliers, customers, distributors and competitors are all the part of the entire ecosystem in which an organization operates.
Every business wants the other business to make sure that the best product is created for the customer which meets the needs of the organization and also earns profit. These interdependent conditions makes the task environment.
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The level and nature of risk attributable to a firm’s activities and operations, and ignoring the risks associated with the firm’s capital structure.
A company's return on equity increases at an optimum level of financial leverage because the use of leverage increases the stock volatility, increasing the level of risk which then increases the returns.
Financially over-leveraged companies may face a decrease in return on equity.
How does business risk affect capital structure?With positive bankruptcy costs, an increase in business risk decreases the proportion of debt in the capital structure.
With higher business risk, stand-alone firms will prefer less debt as they are more likely to face financial distress.
What is leverage risk?An investor who has enough cash to acquire an asset but chooses to use a mixture of debt and cash will have remaining cash left over.
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Assuming ramen noodles are an inferior good, a decrease in income will shift the demand curve to the left.
Inferior goods are goods for which demand decreases as consumer income increases, in contrast to the opposite observed for normal goods. Common goods are goods for which demand increases as consumer income increases.
An inferior good is a type of good whose demand decreases as income increases. In other words, the demand for inferior goods is inversely proportional to consumer income.
Typical examples of substandard goods include "private label" groceries, instant noodles, and certain canned or frozen foods. Some people have a particular fondness for these items, but most buyers prefer to purchase more expensive alternatives if they have the income.
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Though markets can provide goods that are excludable but nonrival, they do so at the price of: equity. inefficiency. inequity. efficiency
Though markets can provide goods that are excludable but nonrival, they do so at the price of inefficiency
Explanation:
An excludable but non-rival product is also known as 'club goods'
Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.
This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.
An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.
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A process manufacturer that uses the weighted-average method reports the following. Conversion Units Percent Complete Beginning work in process inventory 20,000 80% Units completed and transferred out 90,000 Ending work in process inventory 25,000 40% Equivalent units of production for conversion are: Multiple Choice 100,000. 116,000. 76,000. 90,000. 46,000.
Units produced and converted are 90,000. A technique known as a weighted average accounts for varied levels of significance of values in a data collection. Each number in the data set is multiplied by a predefined weight before the final computation is completed when calculating a weighted average.
The final average number produced by a weighted average approach is more descriptive than a simple average because it takes into account relative significance of every units. Additionally, it has effect of improving the accuracy and smoothing out the data. It provides more weight to average units that happen substantially more frequently.
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Answer:
100,000
Explanation:
units completed + transferred out: 90,000
add: units of ending WIP 10,000 (25,000 x 40%)
equivalent units of production = 100,000
During iteration execution, a team’s velocity tends to be most affected by what?
During iteration execution, a team’s velocity tends to be most affected by Product Owner changes, changing estimations, and new Features.
At an event called iteration planning, the entire team decides how much of the team backlog they can commit to completing in the next iteration. The work is compiled by the team into a list of committed Iteration Goals.
Teams make plans by committing to the execution of a number of Stories from their team backlog during the upcoming iteration. Program Increment (PI) Planning was used to seed and partially plan the team's backlog.
The teams also have feedback from the System Demo and other teams they are collaborating with, in addition to feedback from their previous iterations. The broader framework for iteration planning is provided by this as well as the normal progression of changing fact patterns.
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Talkative, social employee who makes sure that all feel welcome and part of the team while at work. she most likely has a high level of ________ when she takes a personality tes
Talkative, social employee who makes sure that all feel welcome and part of the team while at work. she most likely has a high level of extroversion when she takes a personality test.
Some theories of human personality place a strong emphasis on the qualities of extraversion and introversion. Carl Jung popularized the concepts of introversion and extraversion, however their modern psychiatric applications and popular interpretations differ.
Extroversion is the trait of being extroverted and focusing on other people or things rather than oneself. Extroversion is demonstrated when a person enjoys being the center of attention and going out frequently.
The inclination to concentrate on satisfaction from sources other than oneself is referred to as extraversion. Warmth, optimism, gregariousness, and a need for excitement define extroverts.
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If the adjustment for prepaid expenses is not recorded:____.
a. net income will be overstated.
b. expenses will be overstated.
c. assets will be understated.
d. net income will be correctly stated.
If the adjustment for prepaid expenses is not recorded expenses will be overstated.
An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or other category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost.
a: Financial Charges or Expenses: Monuments are erected at own expense.
b: Offset of operating expenses against revenue for a specified period.
c: Expended to secure superiority or achieve results.
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If exports ______________, then the economy is said to have a trade surplus. question 4 options: equal imports exceed imports precede imports follow imports
Generally, when the exports exceeds imports then the economy is said to have a trade surplus.
What is a trade surplus?This refers to the economic situation whereby one country sells more goods to other countries than it buys that is, when the exports exceed imports.
Hence, the trade surplus occurs when a country exports more than it imports such as when the difference between exports and imports is positive.
A very good illustration of trade surplus is if the United States were to export $1 trillion worth of goods and import only $200 billion worth of goods, then, it would have an $800 billion trade surplus.
Hence, when the exports exceeds imports then the economy is said to have a trade surplus.
Therefore, the Option B is correct.
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A decrease in a recessionary gdp gap will most likely be associated with a decrease in?
A decrease in a recessionary gdp gap will most likely be associated with a decrease in cyclical unemployment.
What is cyclical unemployment?
A recessionary GDP gap is when a country's real GDP is lower than its GDP at full employment. When there is a recessionary GDP gap, an economy is operating below its full potential.
Cyclical unemployment is a type of unemployment that varies with the business cycle in an economy. Unemployment would be high in a recession and low in an economic boom.
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The extent to which customers recognize and are willing to accept variation in service performance is called the ____________:
The extent to which customers recognize and are willing to accept variation in service performance is called the zone of tolerance.
The zone‐of‐tolerance (ZOT) is an innovative concept which has attracted recent attention in the services marketing domain.
The zone of tolerance represents a wide range of service performance that a customer considers satisfactory which recognizes multiple expectation standards especially adequate and desired expectations.
Exploratory as well as the confirmatory factor analyses were used to assess measurement properties and the regression analysis was used to test the hypotheses regarding the Zone of tolerance.
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Michael works in the auto manufacturing sector, which has experienced decreased demand. he will:_______
Michael works in the auto manufacturing sector, which has experienced decreased demand. He will see his wages lower.
There will be a reduction in the amount of labor that is demanded, and the demand curve will move upward. Employers are more likely to increase their employee count if wages and salaries are reduced.
Demand for labor will grow, which will cause the demand curve to go downward.
According to the ceteris paribus premise, the labor demand curve depicts the number of workers that companies want to hire at a given pay or compensation level.
The amount of work requested will alter in response to a change in wage or salary. Employers would prefer to recruit fewer workers if the wage rate increased.
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In a market value appraisal, every comparable sale should have been sold in an _______________ transaction, with no undue _______________.
In a market value appraisal, every comparable sale should have been sold in an arm's length transaction, with no undue duress.
An arm's length transaction is an expression which is commonly used to refer to transactions in which two or more unrelated and unaffiliated parties agree to do business. Here they act independently and in their self-interest, and with no undue duress.
For instance, an arm's-length transaction is when a home buyer and a stranger who is selling a house, and each is offering what the other wants, but neither has any obligation to the other.
Hence, every comparable sale should have been sold in an arm's length transaction, where no person or a party has been forced into a contract.
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In 2000, many economists believed that the most serious macroeconomic problem confronting the u. s. economy was an inflationary gap. Which policies would be effective in dealing with this problem?
Increase in personal income taxes, reductions in government spending
Some other policies that can reduce an inflationary gap include tax increases, bond and securities issues, interest rate increases and transfer payment reductions.
The inflation rate in U.S. in 2000 was 3.36%. The 2000 inflation rate is higher compared to the average inflation rate of 2.50% per year between 2000 and 2022.
An Inflationary gap is that concept of macroeconomics that measures the difference between the current level of real gross domestic product i.e. real GDP and the gross domestic product (GDP) that would exist if an economy was operating at it's full employment.
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The u. s. federal agency responsible for governing securities exchanges, protecting investors, and establishing regulations that govern the disclosure of information to investors is the?
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
The SEC protects buyers by enforcing our state's securities laws, taking movement against wrongdoers, and overseeing our securities markets and companies to make certain that investors are dealt with fairly and in reality.
The Securities and exchange commission (SEC) is the U.S. government organization in fee of the state's securities enterprise. It monitors transactions, as well as the sports of monetary specialists.
The SEC is an impartial federal business enterprise, installed pursuant to the Securities change Act of 1934, headed via a five-member commission. The Commissioners are appointed by the President and showed by way of the Senate.
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A consumer products company's marketing groups are organized into departments for lotions, soaps, and first aid supplies. it is departmentalized by?
A consumer product company's marketing groups are organized into departments for lotions, soaps, and first aid supplies. It is departmentalized by production department, sales and marketing department.
Consumer product companies make and sell products that are intended for direct use by the buyers for their own use and enjoyment. This sector includes companies involved with food production, packaged goods, cosmetics, clothing, first aid supplies, and electronics.
These consumer product companies are departmentalized by production department, sales and marketing department, an accounting, and a human resources department.
Hence, a consumer product company's marketing groups are organized into departments to work efficiently.
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What are the net sales for a business that has cash sales of $42000, credit sales of $88000?
Net sales for a business that has cash sales of $42000, credit sales of $88000 will be $42000+ $88000 = $130000
Net sales = Gross sales – Returns – Allowances – Discounts
Gross sales value refers to the total revenue that your business generates before discounts, returns, and allowances
Gross sales can be calculated as the total of cash sales and credit sales.
Net sales in this given problem is calculated as $42,000 cash sales + $88,000 credit sales − $6,300 sales returns and allowances − $1,400 sales discounts = $122,300 net sales. There is no impact of Sales tax payable on the calculation of net sales.
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Suppose you purchased 500 shares of stock in 2020 for $15 a share, and the price now is $20 a share. if you sell the stock, then your capital gain is:_____.
Suppose you purchased 500 shares of stock in 2020 for $15 a share, and the price now is $20 a share. if you sell the stock, then your capital gain is $33.3
Capital Gains Yield Formula =
CGY = (Current Price – Original Price) / Original Price x 100.
Given,
Original Price = 15*500 = 7500
Current Price = 20 * 500 = 10000
CGY = (Current Price – Original Price) / Original Price x 100.
CGY= (10000 - 7500) / 7500 * 100
= 2500 / 7500 * 100
= 33.33
Capital Gain is the component of total return on an investment, which occurs as a result of a rise in the market price of the security.
Take the selling price and subtract the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment. Finally, multiply the result by 100 to arrive at the percentage change in the investment.
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You short-sell 300 shares of rock creek fly fishing company, now selling for $20 per share. if you want to limit your loss to $1,350, you should place a stop-buy order at ____.
You short-sell 300 shares of rock creek fly fishing company, now selling for $20 per share. if you want to limit your loss to $1,350, you should place a stop-buy order at $24.5.
Given,
300 shares of rock creek fly fishing company are short sold.
now selling for $20 per share.
I want to limit your loss to $1,350.
When an investor borrows security, he or she sells it on the open market with the intention of later purchasing it at a lower price.
Short-sellers wager on and profit from a decline in the price of securities. Contrast this with long-term investors who want the price to increase.
Amount received from short sale = 300 × $20 = $6,000
Let the stop-buy order be at price 'P'.
Loss = $1,350 = 300P − $6,000
$7,350 = 300P,
so P = $24.5
Hence, stop-buy order should be placed at $24.5.
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For corporate leaders, their firm’s ability to ________ must be of paramount importance.
For corporate leaders, their firm’s ability to balance shareholder interests with the needs of society must be of paramount importance. Shareholder equity is the phrase used to describe a company's net worth, or the entire amount of money that would be given back to its shareholders in the event that the firm was liquidated after all obligations were settled.
SE is therefore the owners' remaining claim to the assets upon the payment of all debts. A company's entire assets minus its total liabilities equals shareholder equity. Shareholder equity includes retained earnings as well as any money invested in the corporate.
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When a central bank prints money to pay government debts, causing rising prices that erode the purchasing power of money held by the public, it is called a(n):_________
When a central bank prints money to pay government debt, causing rising prices that erode the purchasing power of money held by the public, it is called an inflation tax.
Inflation is the rate of increase in prices over a given time period. Inflation is normally a broad measure, which includes the overall increase in expenses or the increase in the price of living in a country.
Prices increase when the government prints too much cash. Excessive growth inside the cash supply always leads to inflation. A standard increase in costs and fall in the purchasing value of money. Inflation drives up prices and drives down the value of money.
Inflation can reduce the value of debt, in case your wages keep pace with inflation. It is possible to have inflation with no increase in income. In this case, it is tougher to repay your debt. Your earnings are the same, but you need to spend extra on buying goods leaving much less disposable income to pay your debt.
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When people are differentiated in terms of their aesthetic and intellectual preferences, a ________ concept is being applied.
A taste culture concept is being applied.
What is the real meaning of aesthetics?People sometimes use the word "aesthetic" to refer to items that they find attractive or artistic, as well as to their enjoyment of such things. Products may be chosen for both their aesthetic appeal and their quality and longevity. Synonyms include decorative, creative, appealing, and lovely. more words for "aesthetic" A work of art's aesthetic is what it is visually pleasing.
What are the 3 types of aesthetics?Imitationalism, Formalism, and Emotionalism are the most popular names for the three aesthetic systems in art criticism. regarding the use of artistic principles in the representation of reality in art. the viewer's reaction in terms of feelings, moods, or emotions.
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Increasing the batch size on a resource with setups always increases the capacity of the resource. True or false?.
false,Increasing the batch size on a resource with setups always increases the capacity of the resource.
What is resource?All materials available in our environment that are technologically accessible, economically possible, and culturally sustainable that assist us to satisfy our needs and desires are referred to as resources.
All materials available in our environment that are technologically accessible, economically possible, and culturally sustainable that assist us to satisfy our needs and desires are referred to as resources. Resources are divided into two types based on their availability: renewable and non-renewable resources. They can also be characterized as actual or potential based on their level of development and use, as biotic or abiotic based on their origin, and as ubiquitous or localized based on their distribution (private, community-owned, national and international resources).
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A person who eats a granola bar form a vending machine is most likely making a food choice base on?
A person who eats a granola bar form a vending machine is most likely making a food choice base on the availability of the food in the vending machine.
The person might have developed some food preference or other alternatives sidelined. The food choice made reflect the food beliefs, political beliefs and environmental concerns.
Effect of the food choices made and the food nutrients and value may also determine most likely to draw what vending machine offers. It also explores ones expenditures and income availability with a sense of use and maintain a budget which help fix one's choice alternatively.
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The edit which flags cases that report an excessive number of units of service reported on a single encounter date is called________.
The edit which flags cases that report an excessive number of units of service reported on a single encounter date is called MUEs.
The Medicare Administrative Contractors (MACs), especially Durable Medical Equipment (DME) MACs, use Medically Unlikely Edits (MUEs) to lower the inappropriate payment rate for Part B claims.
The maximum units of services (MUE) for an HCPCS/CPT code are those that, in the majority of cases, a provider would report for a single beneficiary on a single date of service. A MUE is not present in all HCPCS/CPT codes.
This page includes links to the Publication Announcement Letter, the Frequently Asked Questions and Answers (FAQs), and the public Medicare MUE files, which cover the majority of the MUE program's details.
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When a new employee is trained at the work site by observing an experienced worker and then doing the task, it is:______.
When a new employee is trained at the work site by observing an experienced worker and then doing the task, it is on-the-job training.
What is meant by on-the-job training?
In a genuine or nearly real working environment, on-the-job training (OJT) is a practical method for gaining new competencies and skills needed for a job. In a real-world, simulation, or instructional setting, it is frequently used to learn how to operate specific tools or equipment.
What is one problem with On-the-job training?
If the person doing the work is unskilled, the new hire will learn how to complete the jobs incorrectly. It's possible that management is unaware of the employee's deficiencies in particular areas and is powerless to take corrective action.
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Jose has been asked to conduct a needs assessment for an operational department. What is the first logical step he should take?
Jose should recommend a solution.
An operational assessment is an evaluation that evaluates an operation's current methods, equipment, software, structures, format, employees, stock blend, managing practices, and extra to perceive opportunities for development.
Needs assessment is essential as it helps a corporation decide the gaps which might be preventing it from accomplishing its favored desires. In A manual to performing a wishes assessment and a gap evaluation, Anthony J. Jannetti says these gaps can exist in either knowledge, practices, or abilities.
Operational needs are described as "non-procedural-based obligations that eat staffing resources." The difference between those and indirect-effort tasks are those are further eliminated from the trying-out process and are an awful lot more operational in nature. Examples include deliberate day off (PTO) Unplanned time without work.
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The federal reserve bank loaned money to banks and thrifts and charged an interest rate called the:_______.
The federal reserve bank loaned money to banks and thrifts and charged an interest rate called the Federal discount rate.
What is the Federal discount rate?The Federal discount rate is the interest rate the Federal reserve bank (the Central Bank in US) charges to bank and other depositary institutions when they loan them money. The Federal discount rate is a monetary policy tool for the Central Bank of a country.
The Federal reserve bank uses the Federal discount rate to adjust money supply in the economy. If the Fed wants to reduce money supply, they would increase the Federal discount rate. If the Federal discount rate is high, banks would increase the rate at which they make loans available. The high interest rate on loans would discourage people from taking out loans. This would lead to a reduction in money supply.
If the Fed wants to increase money supply, they will reduce the Federal discount rate. Banks would also reduce the interest rate for loans. As a result the rate of borrowing would be higher and the money supply would increase.
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The more ________ used, the greater the leverage a company employs on behalf of its owners.
The more "DEBT" used, the greater the leverage a company employs on behalf of its owners.
What is DEBT?A debt is something that one party borrows from another, typically money. Many businesses and people utilize debt to finance significant expenditures that they would not normally be able to afford.
Some characteristics of DEBT are-
An agreement to borrow money with the need that it be repaid at a later time, typically with interest, is known as a debt arrangement.Debt is money that one party borrows from another.Many businesses and individuals utilize debt as a means of financing significant purchases that they would otherwise not be able to make.In a financial agreement based on debt, the borrowing party is granted permission to borrow funds subject to the need that they be repaid at a later time, typically with interest.The four primary forms of debt are secured, unsecured, revolving, and mortgaged.Bonds are a type of debt that businesses issue to raise money.To know more about debts, here
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