If the consumers can easily switch to a close substitute when the price of a good increases, demand for that good is likely to be b. inelastic.
The law of call for is a monetary principle that states that purchaser demand for an excellent rises whilst charges fall and decline when prices rise. The law of demand comes into play in the course of Black Friday sales—when consumers rush to buy products at deep reductions.
Demand, in economics, is the willingness and potential of clients to. buy a given quantity of an excellent or carrier at a given rate. supply is the willingness. of dealers to offer a given quantity of an awesome or carrier for a given fee.
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a firm has a production function that is constant returns to scale and increasing in l and k. if it keeps labor constant, but doubles capital, its output will
If it keeps labor constant, but doubles capital, its output will be doubled.
Capital:
Capital refers anything that gives its owner value or advantage, like a factory and its equipment, intellectual property like patents, or a company's or person's financial assets.
Given,
Here we have a firm has a production function that is constant returns to scale and increasing in l and k.
And we need to find if it keeps labor constant, but doubles capital, then what will be the output.
As per the following proportion, When the output increases exactly in proportion to an increase in all the inputs or factors of production, it is called constant returns to scales.
Here the input capital which are increased 2 times, then the output also increases by 2 times.
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the shipping problem in lp is also called the group of answer choices freight train problem. production mix problem. transportation problem. land and sea problem.
The shipping problem in lp is also called the transportation problem.
Option C is correct.
What is the Transportation Problem Act?As you know, the transportation problem is a type of linear programming problem (LPP) where items are transported from a set of sources to a set of destinations based on the supply and demand of the sources and destinations. Total cost of shipping.
What is the transport problem? give an example.Transport issues can be illustrated using examples from many fields. One application is the problem of efficiently moving troops from base to battlefield. Another is the optimal assignment of agents or workers to various jobs or positions.
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what categories are protected by the equal employment opportunity commission (eeoc)? choose 3 answers.
The categories are protected by the equal employment opportunity commission (EEOC) is national origin, gender identity, and genetic information.
An employee may not be subjected to discrimination on the basis of age, color, origin, religion, sex, handicap, pregnancy, or race, according to the Equal Employment Opportunity Commission, a federal organization that oversees and promotes civil rights legislation.
The system that stresses that companies must provide employees with equal opportunities for employment based on their merits and without any fear of discrimination is the Equal Employment Opportunity Commission. All employees may work safely thanks to EEOC regulations.
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the changes in the non-cash balance sheet accounts explain the differences between the . multiple choice question. income statement and the statement of cash flows income statement and the statement of retained earnings net income and total stockholders' equity net income and total assets
The income statement and changes in current assets (other than cash) and current liabilities are used to calculate net cash flows from operational operations.
What are the distinctions between the Statement of Cash Flows' indirect and direct methods?The primary differences between the two methods of determining your net cash flow from operating operations are their respective starting points and mathematical models. Your net income is where the indirect approach gets started. As an alternative, the direct technique starts with the cash sums that your organization receives and expends.
An expense against earnings that does not include cash is known as a non-cash fee or non-cash charge. Non-cash charges are incurred by businesses against non-cash items on the balance sheet. To create the cash flow statement, noncash items are deducted from the income statement.
Key Learnings. A balance sheet lists a company's assets and obligations. It also lists the company's ownership in various types of property. The sum of money invested by shareholders stated under shareholders' equity is also displayed on a balance sheet. The cash flow statement displays the company's cash inflows and outflows over a specific time period.
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paul was a district manager in san francisco. when a district manager position opened up in boston, he was approached about taking it because
At Popeyes what is
The maximum amount of chicken cases that can be
stacked in the cooler is ________ cases high.
The maximum amount of chicken cases is three or four
Answer:
5
Explanation:
if the tax of identical size is imposed in two different markets, the tax revenue is higher in the market with more inelastic demand. true or false?
True, if the tax of identical size is imposed in two different markets, the tax revenue is higher in the market with more inelastic demand.
What s tax revenue?Tax revenues are defined as income taxes, profit taxes, social security contributions, goods and services taxes, payroll taxes, property and property transfer taxes, and other taxes.It provides detailed reports of income from various items such as corporate income tax, income tax, property tax, customs duty, union consumption tax, union territory tax such as basic income, stamp registration and more. Indirect taxes are taken into account in tax revenue. Tax revenue can be viewed as a measure of a government's control of economic resources. Taxes collected from both direct and indirect taxes are government revenues. It includes the collection of income tax, corporate tax, customs duty, property tax, property tax, etc.To learn more about tax revenue from the given link :
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private firms will produce of a product with positive externalities. the socially correct amount. too much. too little.
The private firm that will produce with positive externalities have too much socially amount.
A benefit received by a third party as a result of an economic transaction is known as a positive externality. Free-riders are those who take use of favorable externalities without paying for them, yet it might be in society's best interests to encourage them to purchase items that have significant external benefits.
The sum of a product's external benefits and its private marginal benefit is its marginal social benefit. It implies that the complete marginal utility of the manufacturing unit is provided to society by the marginal social benefit.
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the managers of seattle clothing regularly compare their actual profits with the firm's projected profits. when deviations occur, the managers use the feedback to take corrective action when necessary. the management of seattle clothing is exercising:
Investigation of the assessment ramifications of different administrative choices. The general target of monetary arranging is to: streamline the association's productivity.
What are Financial controls?
Financial controls allude to the methodology, arrangements, and means by which an association screens and controls the bearing, distribution, and utilization of its monetary assets.A monetary control execution is finished after cautiously investigating the current strategies and the extended standpoint of the organization.Consequently, the administrators of solace clothing utilizing criticism from the correlation between the customary benefit and the extended benefit to settle on choices for the associations can be alluded to as Monetary Control.Investigation of the assessment ramifications of different administrative choices. The general target of monetary arranging is to: streamline the association's productivity.
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hefley corporation issued a 10%, $800,000 8-year bond at 104. the entry to record the issuance transaction is to:
Hefley corporation issued a 10%, $800,000 8-year bond at 104. the entry to record the issuance transaction is to: debit Cash $800,000; debit Premium on Bonds Payable $32,000; credit Bonds Payable $832,000.
What is transaction?A transaction is a contract entered into between a buyer and a seller to exchange goods, services, or financial assets for money. The term is also commonly used in business accounting.An example transaction is: Paying suppliers for services rendered or goods delivered. Payment of cash and bills of exchange to the seller to take title to the property previously owned by the seller. Pay employees for hours worked. In accounting, a transaction is a financial business event that affects a company's financial statements. Transactions include all events that have a financial impact on a financial record, so many items are transactions.To learn more about transaction from the given link :
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List the individual of the master budget in the order in which they are prepared, with the first on top.-Sales budget -Production budget -Direct materials, Direct labor and Factory Overhead -Capital expenditures budgets -Cash budgets
1. sales budget, 2. production budget, 3. direct materials, direct labor and factory overhead, 4. cash budgets is the correct order in which budgets are prepared.
A master budget is a financial plan that details how much money an organization expects to bring in and spend within a fiscal year. Normally, this document presents financial data in quarters or months. Text explanations of how the budget might assist the business in achieving its strategic goals may also be included. It integrates budgets for several departments or projects, and businesses use it to track costs and revenue across the board. The master budget stays the same throughout the entire year, which enables the business to do a variance analysis to contrast actual incomes and expenses with the forecast.
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the two fold goal of marketing is to keep and grow current customers by delivering satisfaction, and:
The two fold goal of marketing is to keep and grow current customers by delivering satisfaction and managing profitable customer relationships.
How does marketing work?The task of marketing a business and the goods and services it offers falls on marketers. Marketing professionals often plan and carry out both inbound and outbound promotional programs that increase brand awareness and employ marketing strategies to persuade customers to buy from a business.
How does a marketing plan work?The advertising, outreach, and public relations efforts that a company will run are all outlined in a marketing strategy, along with how the business plans to evaluate the results of these endeavors. A marketing plan's functions and elements include market research to support pricing decisions and new market entries, customized messaging that targets particular demographics and geographic areas, platform selection for product and service promotion—digital, radio, internet, trade magazines, and the mix of those platforms for each campaign—as well as metrics that track marketing efforts' success and their reporting schedules.
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which manufacturing strategy requires that the basic parts for the product are already manufactured but not yet assembled?
Manufacturing strategy can be described as
producing products to put into inventory based
on a demand forecast.which manufacturing
strategy can be described as producing products
to put into inventory based on a demand forecast
Make-to-stock.
Make-to-stock (MTS) is a production approach
wherein manufacturing making plans and
manufacturing scheduling are primarily based
totally on forecasted product demand. Products
made for the duration of one manufacturing
length are used to meet orders made withinside
the subsequent manufacturing length.
Overall, a properly thought-out product and
accompanying production approach permits
you to make key selections round production
with extra certainty, and higher put together your
product for market.Applied manufacturing overhead is calculated byusing multiplying predetermined manufacturingOverhead rate with Actual units of basis used todetermined manufacturing overhead rate e.g
Machine hours, labor hours etc. If manufacturing
Overhead applied is greater than the actual
manufacturing overhead incurred during the
period then overhead is overapplied.
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for a monopolist, average revenue: multiple choice is maximized when total revenues are maximized. equals price only at the profit maximizing quantity. is always equal to price. is always zero at the profit maximizing quantity.
For a monopolist, average revenue: is always equal to price.
A monopoly, as described by Irving Fisher, is a market with the "absence of competition", developing a situation where a selected character or agency is the most effective supplier of a particular component.
A monopolist refers to a man or woman, group, or organization that dominates and controls the market for a particular true or provider. This loss of opposition and absence of alternative items or offerings approach the monopolist wielding sufficient energy within the market to price excessive fees. Monopolist. A monopolist is a man or woman, institution, or enterprise that controls the market for a very good or service. Monopolists often charge excessive charges for their goods.
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the ross consulting group advises hospitals on ways to save money. each situation is unique and involves a high degree of problem solving, coordination, and cooperation. there is almost no standard information sharing. the relationship between ross consulting group and its customers needs .
The relationship between Ross Consulting Group and its customer needs personal selling alone.
What is 'Personal Selling'?Personal selling is a face-to-face sales method where a salesman uses their people abilities to convince a consumer to purchase a specific product. The salesperson tries to persuade the consumer that the product will only add value by emphasizing its different qualities. However, the goal of personal selling is not always to convince a client to purchase a product. This strategy is frequently used by businesses to inform clients about new products.The business uses a person-to-person strategy in order to raise awareness of the product. This is due to the fact that selling requires a human touch, and salespeople are better at pitching a product to a potential buyer.To learn more about personal selling, refer to
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laura often helps new hires at her firm to learn the ropes and prepare to advance in the company. what role is laura performing?
Laura frequently assists new staff at her workplace in learning the ropes and getting ready to progress in the organization. Laura playing the role of a mentor.
What is a mentor's job description?A mentor can share knowledge concerning their own career routes as well as provide guidance, inspiration, moral support, and role modeling. A mentor can help with resource discovery, goal-setting, connection, and career exploration.
What must a mentor to avoid?Mutual trust is the cornerstone of a fruitful meant to complement. The mentor is required to protect their mentee's privacy, refrain from criticizing them in public, skip regular mentor encounters, or act in any other way that would violate their mentee's confidence.
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gavin is considering altering his organization's log retention policy to delete logs at the end of each day. what is the most important reason that he should avoid this approach?
The most important reason that he should avoid this approach Is that an incident may not be discovered for several days and valuable evidence could be lost.
What kinds of evidence are there?Genuine evidence can include things like fingerprints, blood samples, DNA, knives, guns, and other tangible artifacts. Real evidence is frequently admitted into court because it has the authority to prove or disprove a factual assertion during a trial.
What is the basis of the evidence?The utilization of evidence is the only way for the court to come to a conclusion and make a decision. According to the definition of evidence, which indicates that evidence is the proof of any fact in issues, it will be difficult to establish any facts in cases or even to prove any facts in issues without any evidence.
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which of the following is true?multiple choiceindifference curves may intersect.at a point of consumer equilibrium, the mrs always equals 1.if income increases, a consumer will always consume more of a good.an indifference curve represents combinations of consumption bundles that yield the same utility.
Maximum satisfaction is referred to as "consumer's equilibrium."
What is Consumer Equilibrium?It is assumed that when consumers choose how much of a given commodity or service to buy, their goal is to maximize total utility. The customer must contend with a number of restrictions in order to maximize total utility, the two most significant of which are their income and the costs of the items and services they want to purchase. The consumer's problem is the attempt made by the consumer to maximize total utility while taking these restrictions into account. Consumer equilibrium is the answer to the consumer's issue, which involves choices on how much the consumer will consume of a variety of goods and services.hence, Maximum satisfaction is referred to as "consumer's equilibrium."
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a local bbq restaurants offers 2 side dishes with a lunch plate. there are 7 side dishes. how many choices of side dishes does a customer have? note: there is no requirement that the customer chooses different side dishes (i.e. he or she can choose say baked beans twice as their side dish).
There are 28 side dishes a customer has.
Whether it's an al fresco lunch or a quick snack these fresh and delicious recipes make it easy to host a cozy get-together. Smoked cheese and bacon dip. Entertaining is easy with this smoky cheese and bacon dip. Chinese pork sliders. Make entertaining easy with these delicious Chinese pork sliders.
A signature dish is a recipe that identifies an individual chef or restaurant. Ideally, it should be unique and allow knowledgeable restaurateurs to nominate chefs for blind tastings. You can think of it as a dish equivalent to Here are a total of 40 sides that are as delicious as they are healthy.
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a $124 petty cash fund has cash of $17 and receipts of $109. the journal entry to replenish the account would include a credit to cash over and short for $2. credit to petty cash for $109. debit to cash for $109. credit to cash for $109.
The journal entry to replenish the account would include a credit to cash over and short for $2.
Is cash over and short a debit or credit?This cash deficit is recorded as a credit to the petty cash or cash account and a debit to the cash over and short account (which is a cost) (which is an asset reduction).Within a company's general ledger, an income statement account called Cash Short and Over is where shortages or surpluses of cash are reported.A company's net income and cash balance in the general ledger will both be affected if it has a cash short position, which is more prevalent. A cash over situation will raise both a company's general ledger cash balance and its net income.To learn more about general ledger refer,
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TRUE/FALSE. information regarding price trends cannot be easily obtained because most organizations are reluctant to share cost and price information.
Yes, the statement is True. Information regarding price trends cannot be easily obtained because most organizations are reluctant to share cost and price information.
Due to the uniqueness of developed facilities in organiszations, it is essentially required to have a separate price for each one. The construction contract price includes the actual project cost, including field supervision fees, as well as the markup applied by contractors for general overhead costs and profit. Depending on the facility's use and location, many factors will affect its cost. Within each of the major categories of building, such as residential houses, commercial structures, industrial complexes, and infrastructure, there are smaller sectors with incredibly diverse settings for price determination. However, the legal documents that bind the provider and owner of the facility share some similarities with all price agreements. Without getting into specific issues in various business sectors, the most common types of pricing agreements can be briefly outlined to demonstrate the key concepts. The foundation of the bidding process is the development of thorough plans and specifications for a facility based on the objectives and requirements of the owner, followed by the invitation of qualified contractors to submit bids for the right to complete the project.
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What is purchasing power parity used for?.
Economists can compare economic productivity and living standards across nations thanks to purchasing power parity (PPP).
What is purchasing power used for?The worth of a currency is determined by how many goods or services one unit of that currency can be used to purchase. Inflation may cause it to deteriorate over time. This is due to the fact that you may acquire fewer items or services as a result of increased pricing.
PPPs are merely price relations that display the comparison between the national currency pricing of the same commodity or service in several nations. PPPs are calculated for product categories as well as for all aggregate levels up to and including GDP.
PPP can be used to estimate how much more or less expensive living abroad might be.
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listed below are many of the costs that make up total cost of ownership. which ones are categorized as post-ownership costs? check all that apply.
Supply chain/supply network costs, Energy costs and Maintenance-repair are categorized as post-ownership costs.
Definition of Total Cost of Ownership
TCO stands for Total Cost of Ownership, which is an estimate of all direct and indirect costs associated with an asset or technology. This Total Cost Of Ownership is useful for determining each value of a product or system.
In carrying out the calculations, the business owner conducts an analysis that includes all the total costs, both purchasing costs, operational costs, and an overview of the benefits that will be obtained.
Components in the Total Cost of Ownership
There are 3 components that are calculated and analyzed in the Total Cost of Ownership. The following is an explanation of the three components in the TCO:
1.Direct Cost
Known in TCO analysis are the costs incurred to purchase the device to be used, be it software or hardware. Direct costs are called One Time Costs because they are incurred once at the time of purchasing the device. In addition to purchasing devices, sometimes direct costs also include the cost of installing devices into the system, guarantees to purchasing research services.
2.Operating Costs
Known in the TCO analysis are all costs incurred to operate the equipment that has been purchased and installed. To calculate operating costs also includes costs incurred for training for employees who will operate the device.
3. Long Term Costs
Long-Term Costs known as TCO are all costs incurred to replace, renew, and deactivate devices in the future.
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what is the legal effect of the death or incapacity of a party whose personal services are necessary to fulfill the terms of the contract?
It does not discharge the parties' obligations under a contract is the legal effect of the death or incapacity of a party whose personal services are necessary to fulfill the terms of the contract.
What is the effect if a person fails to perform his obligation?Until or unless they are released, a person is responsible for carrying out the tasks specified in the contract. If the employee doesn't perform as expected but isn't let go, there could be a liability for losses.
When the responsibilities of the contract between the contract's parties are fulfilled, the contract is discharged. This also renders the contract's legal validity null and void. The contract is sometimes referred to as being discharged or being terminated.
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treasury inflation protection securities (tips) are subject to: a credit risk b market risk c marketability risk d purchasing power risk
The principal value of TIPS, a type of Treasury security that is indexed to inflation, is fixed. The principal value of the TIPS is increased as inflation rises.
The principal value is adjusted lower if deflation occurs. TIPS are backed by the full faith and credit of the United States government, just like traditional Treasuries.
Are Treasury securities susceptible to marketability?
For individuals who hold individual bonds until maturity, U.S. Treasuries are risk-free. There is a risk for those who invest in long-dated Treasury funds or sell bonds before they reach maturity.
Are Treasury bonds inflation-resistant?
A Treasury bond known as a Treasury Inflation-Protected Security (TIPS) is indexed to an inflationary gauge to safeguard investors from the loss of their money's purchasing power. The interest paid on TIPS varies with the bond's adjusted principal value, while the principal value of the TIPS rises in line with inflation.
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abc business records revenue when cash is received and expenses are recorded when cash is paid. this is known as what type of accounting?
If abc business records revenue when cash is received and expenses are recorded when cash is paid then it is known as cash basis accounting.
Cash basis accounting is a type of accounting in which revenue is reported on the income statement only when cash is received and expenses are recorded only when cash is paid out. This method is typically employed by small businesses and also for personal finances.
This type of accounting records expenses and revenue when actual payments are disbursed or received and doesn't account for either when the transactions that create them occur.
One of the advantages of the cash basis accounting is its simplicity as it only accounts for cash paid or received and tracking the cash flow of a company is also easier.
It's beneficial to small businesses because it generally won't require added staff and related expenses.
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reseller markets consist of intermediaries such as wholesalers that buy finished products and sell them for a profit
The market consisting of wholesalers and outlets who buy products for resale purposes.
What is an instance of a reseller market?These encompass grocery stores, branch shops and strong point stores, such as domestic improvement or pet supply stores.
What role do Resellers play in B2B markets and why are they essential to sellers?Resellers are corporations that sell goods and offerings produced through different companies barring materially altering them. They consist of wholesalers, brokers, and retailers. A B2B vendor that receives a reseller to purchase its merchandise can see a widespread income increase.
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https://brainly.com/question/24877850#SPJ4There are several blanks below for this question I do not know how to do. Production Report, Weighted AverageMino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted average method. The following are cost and production data for the cooking department for April (Note: Assume that units are measured in gallons):Production: Units in process, April 1, 60% complete 20,000Units completed and transferred out 50,000Units in process, April 30, 20% complete 10,000Costs: WIP, April 1 $93,600Costs added during April 314,600Prepare a production report for the cooking department. Round cost per equivalent unit value to the nearest cent and use rounded value in intermediate calculations.Cooking Department Production ReportFor the Month of April(Weighted Average Method)Unit InformationPhysical flow:Units to account for: UnitsUnits in beginning work in process ________?Units started ________?Total units to account for ________?Units accounted for: UnitsUnits completed ________?Units in ending work in process ________?Total units accounted for ________?Equivalent units:UnitsUnits completed _______?Units in ending work in process _______?Total equivalent units _______?Cost InformationCosts to account for:DollarsCosts in beginning work in process $_______?Costs added by department _______?Total costs to account for $_______?Cost per equivalent unit $________?Costs accounted for:Transferred Out Ending Work in Process TotalGoods transferred out $______? $______?Goods in ending work in process $_______? ________?Total costs accounted for $______? $_______? $_______?
Using the weighted average method-
Total units accounted for 60000
Total equivalent units 52000
total costs accounted for 408200
Cost per equivalent unit 7.85
cooking department production report
for the month of April
(Weighted average method)
physical flow
units to accounts units
units in beginning wip 20000
units started 40000
total units accounted for 60000
units accounted for
units completed 50000
units in ending work in progress 10000
total units accounted for 60000
Equivalent units
units completed 50000
units in ending work in progress 2000
(10000 x 20%)
total equivalent units 52000
units
cost to account for
cost in beginning work in process 93600
cost added by department 314600
total costs accounted for 408200
Cost per equivalent unit 7.85
(408200/52000)
cost accounted for Transferred out ending work in process total
goods transferred 392500 392500
(50000 x 7.85)
goods in ending work 15700 15700
in process (2000 x7.85)
total costs accounted 392500 15700 408200
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FILL IN THE BLANK. Export/import financing in which a bank acts as an intermediary without accepting financial risk is called ___ . group of answer choices
Documentary collection describes the export/import financing process where a bank serves as an intermediary without assuming financial risk.
An strategy utilized for exports of goods and commodities is the Documentary Collections payment method. This approach can simplify your export transaction, give faster payment than Letters of Credits, and lower costs when compared to those of Letters of Credits. It is typically advised in circumstances when there is an established and ongoing trade relationship with a reliable buyer.
In a Documentary Collections transaction, the exporter and importer's banks facilitate the export sale by exchanging shipping paperwork in exchange for payment. But unlike with Letters of Credit, the banks do not confirm the documents' accuracy or ensure payment. Documentary Collections are therefore only advised for established trade partnerships in politically and economically stable markets.
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One benefit of using ratio analysis to compare two firms in the same industry is that ratios are immune to size and current accounting rules. True or False
False. Ratios can be manipulated by management, and different accounting rules can result in different values for the same ratios.
The Benefits and Limitations of Ratio AnalysisA ratio is the relationship between two figures that are comparable. The figures may be absolute, such as two numbers, or relative, such as two percentages. Ratios are useful in business because they can be used to compare two figures that are not directly comparable. For example, two businesses can be compared in terms of profitability, even if they operate in different sectors and use different accounting standards.
Ratios are useful in business decision making because they can be used to help managers identify trends and set targets. For example, if a company’s sales volume has increased by 20 percent over the last 12 months, this is not particularly useful information in itself. However, if the company’s inventory turnover ratio has also increased by 20 percent, this is a very useful trend because it indicates that the company’s inventory is being sold at a faster rate. The trend may indicate that the company is becoming more efficient in its operations, and managers may decide to set a target to increase inventory turnover to a certain level.
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