Answer:
The production and transport of good and service are high and rises than the demand pull inflation occurs. It may be profitable for any business. Demand pull inflation need cost more but more than that they get profit
calculate minimum stock level
Answer:
Formula to determine the minimum stock level
The minimum stock level can be determined by applying the following formula: Minimum Stock Level = Re-order Level – (Normal consumption per day/per week, etc. X Normal delivery time).
what is the meaning of code of conduct in profeession??
Answer:
Professional codes of conduct draw on these professional ethical principles as the basis for prescribing required standards of behaviour for members of a profession. They also seek to set out the expectations that the profession and society have of its members.
Universal Containers sells through many different reseller networks. Each reseller's deals are tracked on separate opportunities. The sales manager is concerned that the pipeline report is not accurate due to multiple opportunities for the same end customer. How should the sales process be modified to ensure opportunities are not double-counted in the pipeline
Answer: change the forecast category to omitted on the duplicate opportunities
Explanation:
The sales process should be modified to ensure opportunities are not double-counted in the pipeline by changing the forecast category to omitted on the duplicate opportunities.
When this is done, the multiple opportunities for the same end customer will be curtailed and hence, there'll be accuracy with regards to the pipeline report.
If an insurance policy covers individual losses up to $2000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2500
A. $2,300
B. $2,000
C. $1,800
D. $2,500
The amount that the insured will be paid in the event of a covered loss of $2500 is: C $1,800.
Insurance policyUsing this formula
Amount=Amount covered -Deductible
Let plug in the formula
Amount=$2,000-$200
Amount=$1,800
Therefore the correct option is C.
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How does data analytics play a vital role in today’s business world? Multiple Choice By allowing data to be organized into predefined tables and fields. By defining three main categories of classes that help organize a company’s data structure models. By examining data to generate models for predictions of patterns and trends. By capturing the ever-increasing transaction activity of large companies.
Answer:
C. By examining data to generate models for predictions of patterns and trends.
Explanation:
Business data analytics can be regarded as practice whereby
specific set of techniques as well as competencies and procedures are put into application in order to perform the continuous exploration as well iteration, and investigation regarding past business days and current one, so that insights about a business which brings about improved decision making can be obtained, and models that can predicts patterns and trends can be generated. It should be noted that data analytics play a vital role in today’s business world by examining data to generate models for predictions of patterns and trends in business.
In an examination evaluation expert system, the _____ component of the expert system is responsible for stating why a loan applicant was approved or rejected.
Answer:
The missing phrase is Explanation Facility.
Complete Sentence:
In an examination evaluation expert system, the Explanation Facility component of the expert system is responsible for stating why a loan application was approved or rejected.
Explanation:
An expert system is a computer system program that can do the job of a human expert whose role is to give professional opinions, judgments, or advice regarding an issue. These systems are associated with Artificial Intelligence.
In other to create this kind of system (which has the capacity to solve complex problems) AI programmers use a collection of knowledge stored or codified in if-then formats or rules
In expert systems, an explanation facility is a function that allows non-artificial users to query the veracity of the system's reasoning. Usually, the system would make reference to its frame of logical construct, its rules, and or goals.
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Doris is a member of a team that works to seamlessly execute a large company’s annual shareholder meeting and quarterly board meetings on an ongoing basis. Doris is an employee in the investor relations department of the company. The team also includes Don from IT, Sally from Communications, Editha from event management, Saul from security, Tony from catering, Rob from transportation services and Lola from Marketing. This team is an example of what kind of team?
Answer: Cross functional team
Explanation:
Cross functional team could be defined as a team of people from their parent department in an organization, coming together to work for another purpose. This is a scenario were people in addition to their existing department's in organization work for another function. This works for short term committee, to meet up a project or task.
In LPC theory, which factor reflects the extent to which the leader can assign work, reward and punish employees, and recommend them for promotion
Question options:
a. Task structure
b. Leader-member relations
c. Leader position power
d. Leader personality
e. Organizational structure
Answer:
c. Leader position power
Explanation:
The LPC(least preferred coworker scale) measures the extent to which a person is a relationship oriented leader or a task oriented leader.
A person with a high LPC is a leadership oriented leader while a person with low LPC is a task oriented leader. Therefore a leader with low LPC tends to be the type to severly assign,punish and reward employees based on performance alone.
The location-specific advantages argument associated with John Dunning helps explain why firms prefer FDI to licensing or to exporting. True False
Answer:
false
Explanation:
False. The location-specific advantages argument associated with John Dunning does help explain the direction of FDI. However, the location-specific advantages argument does not explain why firms prefer FDI to licensing or to exporting.
quizlet
Relative to a flat organizational structure, a tall structure has a _____ span of management and _____ hierarchical levels.
Answer:
Relative to a flat organizational structure, a tall structure has a Narrow span of management and more hierarchical levels.
The period of time in which people starting a new job adjust and "settle in" is called the: A. the assimilation process. B. the socialization process. C. probationary period. D. workplace networking
Answer:
A. the assimilation process.
Explanation:
It is correct to state that the period of time in which people start a new job, adjust and settle down is called the assimilation process, which corresponds to a process in which the individual adapts to changes that will impact their way of living in society.
A new job, therefore, is an example of an assimilation process as a company has its own rules and regulations that an individual will have to assume when gaining a new position. Therefore, there is assimilation and adaptation to the new environment, rules and interpersonal relationships.
Sanders Company has a debit balance of $7,000 in its Allowance for Doubtful Accounts before any adjustments are made. Based on a review of its accounts receivable at the end of the year, Sanders estimates that $70,000 of its receivables are uncollectible. The amount of bad debt expense which should be reported for the year is $70,000. $7,000. $77,000. $63,000. $70,000.
Answer:
$77,000
Explanation:
Calculation to determine what The amount of bad debt expense which should be reported for the year is
Using this formula
Bad debt expense=Allowance for Doubtful Accounts debit balance +Estimated uncollectible receivables
Let plug in the formula
Bad debt expense=$7,000+$70,000
Bad debt expense=$77,000
Therefore The amount of bad debt expense which should be reported for the year is $77,000
Broker A is involved in an exclusive right to sell listing with his seller client, Seller S. After receiving the property condition disclosure form from Seller S, Mark hosts an open house to promote his new listing. At the open house a customer expresses concerns about radon levels in the area. Seller S did not indicate a radon problem on the property disclosure. What is Broker A's best course of action in this situation
Answer:
In such a scenario, it is recommended that Broker A should acknowledge the concerns of the customer because this is a material concern. They should then remind the customer that there exists a Property Disclosure Form which is made by the Seller that the customer is allowed to view to see if there is anything wrong with the house.
You as the broker, are acting on behalf of the seller so should not disclose any information than what is on the Property Disclosure Form.
If however, you know of a radon problem in the property in your personal capacity, the law requires that in the interest of safety, you reveal this to the customer if the seller did not disclose this in the form.
. Super Fine Rice Ltd. Has the largest share of 55% in the market. The company's policy is to sell only for cash. In 2015, for the first time company's number one position in the industry has been threatened because other companies started selling rice on credit* also. But the managers of Super Fine Rice Ltd. Continued to rely on it's previously tried and tested successful plans which didn't work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating two limitations of planning which led to decline in it sales. Identify and explain these limitations
Answer: 1. Planning should not be rigid.
2. Planning does not guarantee success
Explanation:
The limitations of planning which led to decline in it sales are that planning should not be rigid and that planning doesn't always guarantee success.
Planning brings about rigidity. A plan that well defined is usually Dewan along with the goals that needs to be achieved and this is used in deciding the future curse of action that'll be taken. This can bring about rigidity in the organization. In this case, the managers of Super Fine Rice Ltd. continued to rely on it's previously tried and tested successful plans which didn't work because the environment is not static.
Also, planning does not guarantee success. Success can only be achieved in a situation whereby the plans are implemented properly. A plan that isn't implemented and translated into action will become meaningless.
Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $30,300. The cost of goods manufactured for the month was $213,500. The actual manufacturing overhead cost incurred was $55,900 and the manufacturing overhead cost applied to Work in Process was $59,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:
Answer:
234,900
Explanation:
Calculation to determine what The adjusted cost of goods sold that would appear on the income statement for November is:
First step is calculate the Over applied overhead
Over applied overhead = $59,200-$55,900
Over applied overhead = 3300
Second step is calculate the Unadjusted cost of goods sold
Unadjusted cost of goods sold = 55000+$213,500-30,300
Unadjusted cost of goods sold= 238,200
Now let determine the Adjusted cost of goods sold
Adjusted cost of goods sold = $238,200-3300
Adjusted cost of goods sold= 234,900
Therefore The adjusted cost of goods sold that would appear on the income statement for November is:234,900
Which type of retailer offers a wide choice of products and high-quality service?
Answer:
Department store
Explanation:
Stores may be categorized based on the type and variety of goods which they offer. Department stores may be described as a retail store or opening which is designed to offer a wide range of consumer products. Department stores on their case offers several categories of consumer products and are thus segmented based on these categories :
Categories of consumer product offers may include ; Clothing ; Electronics ; Mobile devices ; Furniture, Groceries and so on. With department stores, consumers can have almost all their retail needs met all in one place.
A sales invoice included the following information: merchandise price, $9,900; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,100 added to the invoice. Assuming that a credit for merchandise returned of $900 (before discount) is granted prior to payment and the invoice is paid within the discount period, what amount of cash should be received by the seller
Answer: $10010
Explanation:
The amount of cash that should be received by the seller will be:
($9900 - $900) = $9000
$9000 × 1% = $90
$9000 - $90 = $8910
$8910 + $1100 = $10010
Therefore, the amount of cash should be received by the seller will be $10010.
Performed services for $25,000 cash. Purchased land for $6,000 cash. Hired an accountant to keep the books. Received $50,000 cash from the issue of common stock. Borrowed $5,000 cash from State Bank. Paid $14,000 cash for salary expense. Sold land for $9,000 cash. Paid $10,000 cash on the loan from State Bank. Paid $2,800 cash for utilities expense. Paid a cash dividend of $5,000 to the stockholders.
Answer:
a.
1. Operating Activities (OA)
2. Investing Activities (IA)
3. Not Applicable (NA)
4. Financing Activities (FA)
5. Financing Activities (FA)
6. Operating Activities (OA)
7.Investing Activities (IA)
8. Financing Activities (FA)
9. Operating Activities (OA)
10. Financing Activities (FA)
b. Ending Cash Balance $60,200
Explanation:
a. To Indicate how each of the events would be classified on the statement of cash flows as OPERATING ACTIVITIES (OA), INVESTING ACTIVITIES (IA), FINANCING ACTIVITIES (FA), or NOT APPLICABLE (NA).
1. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
2. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)
3.Based on the information it these transaction will be classified as NOT APPLICABLE (NA)
4. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
5. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
6. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
7. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)
8. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
9. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
10. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
b. Preparation of a statement of cash flows for 2018. Assume All-Star Automotive Company had a beginning cash balance of $9,000 on January 1, 2018.
STATEMENT OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash receipts from revenue: $25,000
Less Cash payment for salary expense ($14,000)
Less Cash payments for utilities expense ($2,800)
Net cash flow from operating activities $8,200
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash from the sale of land $9,000
Less Cash paid to purchase land ($6,000)
Net cash flow from investing activities $3,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash receipts from stock issue $50,000
Add Cash receipts from loan $5,000
Less Cash payment on loan ($10,000)
Less Cash payments for dividends ($5,000)
Net cash flow from financing activities $40,000
Net increase in cash $51,200
($4,200+$3,000+$40,000)
Add Beginning cash balance $9,000
ENDING CASH BALANCE $60,200
Therefore the statement of cash flows for 2018 Ending Cash Balance is $60,200
Producers in the market economy are competing for customers, so they often have _________________________ than other types of economies.
more governmental regulation
less property ownership
less variety of product
lower prices
Answer:
lower prices
Explanation:
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a pure market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
Due to the fact that producers compete with each other in this type of economy, prices would be lower to attract customers
Journal entry
Paid Rs. 28000 to Sansee stores in full settlement of Rs. 30000 by cheque
please help me .
Answer:
Bank A/c. Dr. 28000
Discount allowed A/c. Dr. 500
To Urmila A/c. 28500
Taco Hot Dogs, Inc., regularly advertises its products. Under the First Amendment, in comparison with noncommercial speech, the protection given these ads is
When managers analyze a wide variety of internal and external performance metrics in order to set financial and strategic goals, they often turn to a framework known as ______.
Answer:
balance scorecard
Explanation:
A balanced scorecard is a performance metric that are applied for identifying, improvement and the control of the different functions and results of an organization. It mainly deals with the learning & growth, processes of the business, customers and the finance
Also at the same time it analyzes the internal and external performance so that the financial and strategic goals could be set out
which is an advantage of doing an apprenticeship program
Answer:
Answer to the following question is as follows;
Explanation:
An apprenticeship programme is a type of training programme in which students gain work experience while still taking courses. Apprenticeships are usually compensated. The advantage of taking an apprenticeship programme, according to the same, is that you generate income while learning specialised job skills.
Answer:
You earn money while you learn specific career skills.
Explanation:
Decisions related to _____ are considered semistructured decisions at the operational management level of an organization.
Answer:
accounts receivable
Explanation:
It should be noted that Decisions related to accounts receivable
are considered semistructured decisions at the operational management level of an organization.
Operations management can be classified as one having three levels, which are ;
✓strategic
✓tactical,
✓ operations.
For company to achieve set goals, operations managers needs to develop strategies and make decision.
Semistructured decisions can be regarded as decisions that lies between structured as well as unstructured decisions, it requires some human judgment as well as some agreement on the solution method at same time. Semistructured decisions can as well be regarded as those ones whereby only part of the problem posses a clear-cut answer which is provided by particular accepted procedure. Accounts receivable (AR) can be regarded as the balance of money that is been due to be paid to firm the company in exchange for goods or services that is been delivered but has not yet paid by customers to the company. On balance sheet, accounts receivables are listed as current asset.
Crane Company purchases equipment for $2740 and supplies for $510 from Wildhorse Co. for $3250 cash. The entry for this transaction will include a debit to Equipment $2740 and a debit to Supplies Expense $510 for Wildhorse. credit to Accounts Payable for Crane. debit to Equipment $2740 and a debit to Supplies $510 for Crane. credit to Cash for Wildhorse.
Answer:
Date Account Title Debit Credit
XX-XX-XX Equipment $2,760
Supplies $ 500
Cash $3,250
Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
Answer:
Centralize decision making
Explanation:
From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.
Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.
True or false: Merchandise inventory is generally converted to cash more quickly than accounts receivable.
Answer:
False
Explanation:
Merchandise inventory is the stock that company have to kept in its godown while the account receivable is that when company sold the goods on credit basis to the customer
So here the company could received the payment within 12 months it can be in within month also
So the given statement is false
economic systems from the most government involvement in the economy to least government involvement.
Explanation:
In a command economy, the system is controlled by the government. A mixed economy is partly run by the government and partly as a free market economy, which is an economic system that includes no government intervention and is mainly driven by the law of supply and demand.
Waterway Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $602000 and credit sales are $2680000. Management estimates that 3% of accounts receivable will be uncollectible. What adjusting entry will Waterway Company make to record bad debt expense if the Allowance for Doubtful Accounts has a $5000 credit balance before adjustment
Answer:
Estimated uncollectible account at end = $602,000 * 0.03
Estimated uncollectible account at end = $18,060
Bad debt expense to be recorded = Estimated uncollectible - Balance in allowance account
Bad debt expense to be recorded = $18,060 - $5,000
Bad debt expense to be recorded = $13,060
Date Journal Entry Debit Credit
Bad Debt Expense $13,060
Allowance for Doubtful Accounts $13,060
Based on the substitution effect, which example reflects how people would likely respond to a rise in gas prices
Answer:
People will purchase more fuel efficient cars
Explanation:
People will purchase more fuel efficient cars in order to reduce the consumption of gas.
Better still, this will also leads to increase in the quantity demanded for electric cars; as they did not require gas to operate.
