The entry to reinstate account would require debit to accounts receivable.
What are accounts receivable?A company's legally enforceable claims on payment for goods delivered or services provided that clients have requested but have not yet paid for are referred to as "accounts receivable." Money due to the company by third parties is referred to as accounts receivable on a company's balance sheet. Account receivables are classified as current assets if they are payable within a fiscal or calendar year. To record journal entry for sale on account, you must debit receivable and credit revenue account. One creates a journal entry that debits cash and credits receivables when a customer pays their account. On the trial balance sheet, accounts receivable frequently displays a debit as its ending amount.
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Which of the following are true regarding costs to defend intangible rights?
It is true that costs incurred to protect intangible rights should be immediately expensed if the defense is unsuccessful.
What are intangible rights?Intangible Rights means (i) any and all documents in whatever form, including but not limited to writings, computer disks, computer tape, and electronic records, containing design and technical information, engineering or production data, drawings, plans, specifications, techniques, methods, processes, trade secrets, reports, models, market research data, customer lists, and any other information used or in the possession of the licensor that is relevant to the design, manufacture, assembly, service, and sale of the Licensed Products; and (ii) the licensor's general and particular knowledge, experience, and information that is not in written or printed form that is relevant to the design, manufacture, assembly, and service
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Prepare a complete statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)
Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses.
Cash balance December 31, 2013 is $70,944 the required answer for the given question.
What is Comparative balance sheet?The financial status of an organisation throughout several time periods for which comparison is done or is necessary is shown on a comparative balance sheet.
Forten Company
Statement of Cash Flows
For the year ended December 31, 2013
Cash flow from operating activities:
Net income $145,200
Adjustments to net income:
+ Depreciation expense $20,000
+ Loss on sale of equipment $4,500
+ Decrease in prepaid expenses $500
- Increase in accounts receivable $18,000
- Increase in merchandise inventory $29,106
- Decrease in accounts payable $53,125 -$75,231
From operating operations, net cash flow $69,969
Cash flow from investing activities:
income from the selling of equipment $15,100
cash outflow from equipment purchases -$63,000
Net cash flow generated from investments -$47,900
Cash flow from financing activities:
income from the sale of common shares $70,000
Flow of funds from the bank's short-term payable notes $4,000
Bank's short-term notes payable cash outflow -$44,125
Cash outflow from dividends -$53,000
Net cash flow from operating transactions -$23,125
Net cash decrease -$1,056
Cash balance December 31, 2012 $72,000
Cash balance December 31, 2013 $70,944
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which of the following principles best describes the current method of accounting for research and development costs? group of answer choices associating cause and effect systematic and rational allocation income tax minimization immediate recognition as an expense
Immediate recognition as an expense best describes the current method of accounting for research and development costs.
The US generally accepted accounting rules include a minor but crucial component known as the expense recognition principle (GAAP). Income statements and balance sheet numbers can be distorted by improper expense recognition, resulting in restated financial results.
The most natural way to record an expense is through immediate recognition. With this approach, we count an expense as soon as it is incurred. For instance, we are able to rapidly identify fixed recurring costs like rent, utilities, and selling prices.
Those companies that use accrual accounting apply the matching concept. Since you will record expenses and revenues as cash comes into or leaves your accounts, the expense recognition principle does not apply to you if you utilize cash accounting.
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when the phillips curve was first used in economics, many economists believed that the government could fine-tune the economy and pick the most preferred combination of unemployment and inflation.
When the Philips curve was first used in economics, many economists believed that the government could fine-tune the economy and pick the most preferred combination of unemployment and inflation.
The Phillips Curve illustrates the connection between unemployment and inflation: When unemployment is low, inflation is greater, and when it is high, inflation is lower. This compromise is known as the Phillips curve relationship.
The economist A.W. Phillips, who studied earnings and unemployment in the UK from 1861 to 1957, is the subject of the Phillips curve. According to Phillips, there is a negative correlation between unemployment rates and wage growth (i.e., wage inflation).
The fundamental issue is that the Phillips curve interprets a purported link between inflation and unemployment as a causal relationship. In actuality, fluctuations in inflation and unemployment are both influenced by changes in aggregate demand. The Phillips curve continues to mislead and misdirect policymakers.
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Which of the following duties could be performed by the same individual and not violate segregation of duty controls?
A) handling cash and posting to customer accounts
B) issuing credit memos and maintaining customer accounts
C) handling cash and authorizing credit memos
D) handling cash receipts and mailing vendor payments
d
Handling cash receipts and mailing vendor payments could be performed by the same individual and not violate segregation of duty controls. So, the correct answer is option D.
By guaranteeing that at least two people are in charge of the various components of each task, segregation of duty (SoD) is an internal control that aims to avoid fraud and error. To ensure that no one person has complete authority, SoD entails dividing work that may theoretically be accomplished by one person into several tasks.
Separation of duties, commonly referred to as segregation of duties, is a crucial component of an enterprise control system. To avoid one person having excessive or sole authority and then abusing that control for evil or unlawful objectives, such as committing fraud or embezzling corporate funds, the concept is to divide up a work or transaction into separate sections and allocate them to multiple persons.
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Assume that only two goods, A and B, are produced in an economy. In the base year, 5 units of A are produced for a price of $4, and 5 units of B are produced for a price of $6. And in a given year, 5 units of A are produced for a price of $5, and 5 units of B are produced for a price of $9. What is the CPI for the given year?
a. 71.42
b. 140
c. 50.5
d. 198
e. 125
CPI is the current year cost of the goods divided by the base year cost of the goods multiplied by a hundred. Current year cost of goods = current year price multiplied by current year quantity.Base year cost of goods = Base year price multiplied by base year quantity. Base year cost of goods, CPI for the given year = 70/50×100=140 .140 is the CPI for the given year.
A consumer price index (CPI) could be a price index, the worth of a weighted average market basket of consumer goods and services purchased by households. Changes in measured CPI track changes in prices over time. A CPI is an applied mathematics estimate made exploitation the costs of a sample of representative things whose prices are collected periodically.
Sub-indices and sub-sub-indices are often computed for various classes and sub-categories of products and services, being combined to supply the general index with weights reflective of their shares within the total of the patron expenditures coated by the index. it's one of many price indices calculated by most national statistical agencies.
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compute variances for the following items and indicate whether each variance is favorable (f) or unfavorable (u):
Variance is Favorable (F) or Unfavorable (U): When the budgeted elements are more than the actual element then the variance is known as the favorable variance.
What is favorable variance, explain.
The corporate sector places a great deal of importance on budgeting. Management can use a variety of budgeting techniques to choose when to invest in new equipment, expand operations, or fix outdated machinery. Of course, any organization that runs efficiently adheres to some form of budget.
Management typically forecasts business budgets using future projections. In other words, a company's management meets to talk about financial strategies based on the company's present financial performance. They had attempted to forecast the company's future revenues and costs in the event that a particular strategy is adopted. Sounds recognisable? Just a straightforward budgeting procedure.
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When a standard cost system is used, managers apply overhead costs to products and services using a standard overhead rate.
True or False
It is true that managers apply overhead costs to products and services at standard overhead rates when using a standard cost system.
Where is the standard cost system used?A standard costing system is a common method for budgeting a planned project, controlling the costs of production execution, and valuing those costs after production is completed. The advantage of this system is that it provides a hard number that the company uses when quoting a customer.
What are the elements of standard costing?There are three main components of standard cost: direct material costs, direct labor costs, and overhead costs.
What are types of cost?Cost are broadly classified into four types: fixed cost, variable cost, direct cost, and indirect cost.
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FILL IN THE BLANK. ___ is the first filter in the new-product development process. it serves to eliminate new-product ideas that are inconsistent with the organization's new-product strategy or are obviously inappropriate for some other reason.
Idea Screening is the first filter in the new-product development process. It serves to eliminate new-product ideas.
Steps in development of new product-When creating a new product, there are seven crucial phases. These are listed below:
generating Idea
Screening idea
concept creation and evaluation
Marketing plan and financial analysis
Product testing and development
Launch of a product
Screening idea-
Numerous various elements will determine which ideas you should pursue and which ones you should abandon. Along with technical viability, the most important product changes, and the anticipated advantages for your customers, you must think about the marketing potential of your new product.
It is ideal to carry out this step of the product development process within your company. Experts from different teams can help with aspects like evaluating your idea's marketability, the resources needed, and the technological needs.
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the wholesale price for a pillow is $3.50 . a certain department store marks up the wholesale price by 50% find the price of the pillow in the department store. round your answer to the nearest cent, as necessary.
The cost of a pillow at wholesale is $14. the cost of a product as compared to what is charged to consumers when it is sold in bulk to big trade or distributor groups.
Where can I discover wholesale prices?
After all, dividing your retail price in half is the most straightforward approach to get your wholesale price. Maintaining low costs can be challenging, but in theory they should only account for 25% of your selling price.
What is the average wholesale cost?
A retail business purchases goods at the wholesale price in order to sell them to customers. The wholesale pricing typically appears on the items that firms buy in bulk. Consider, for illustration, that a business spends $2,500 for a wholesale acquisition.
Briefing:
The wholesale price for a pillow is $3.50 .
The store marks up the wholesale price by 50%.
That is, 50% of $3.50 has been aadded with the wholesale price as the store price (SP).
Therefore we have, '
Sр=3.50+(50/100)×3.50
=14
Thus, the store price is $14
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T/F according to economists at jpmorgan chase, was the greatest factor in the unprecedented profit margins of the early 2000s
According to economists at JP Morgan Chase, a reduction in wages and benefits was the greatest factor in the unprecedented profit margins of the early 2000s. Thus, the given statement is true.
A reduction in wages and benefits lowers the amount of pay that employees receive as payment for the job they perform. When employees do not receive the amount equivalent to the work they perform, it directly benefits the organization in producing more profit margins. Based on the opinion of the economists at JP Morgan Chase, reductions in wages and benefits are attributed as the greatest factor in the unprecedented profit margins of the early 2000s.
"
Complete question:
T/F According to economists at JP Morgan Chase, a reduction in wages and benefits was the greatest factor in the unprecedented profit margins of the early 2000s.
"
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which of the following are secondary stakeholders? workers in the company's factories suppliers of the company customers of the company workers in an outsourcing factory making the company's products
Workers in an outsourcing factory making the company's products are secondary stakeholders.
What are stakeholders ?A stakeholder is both an individual, institution or business enterprise that is impacted via way of means of the final results of a undertaking or a commercial enterprise venture. Stakeholders have an hobby within side the fulfillment of the undertaking and may be inside or outdoor the business enterprise that is sponsoring the undertaking. As a well known rule, stakeholder precedence may be divided into 3 levels. The first and maximum critical contains employees, customers, and investors, with out whom the commercial enterprise will now no longer be capable of operate. For example, the essential stakeholders in a organization normally consist of its customers, employees, investors, suppliers, and the neighborhood community. Depending at the scope of your undertaking, you could now no longer want to contain all stakeholders, or you would possibly locate that a few companies of stakeholders are greater impacted than others.To learn more about stakeholders from the given link :
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Figure 11-3a Figure 11-3a above shows that when the price for Red Baron frozen cheese pizzas moves from $8 to $6 per unit along the demand curve D1, the quantity demanded increases from 6 to 8 million units per year. 161 increases from 2 to 3 million units per year. stays the same decreases from 3 to 6 million units per year. decreases from 3 to 2 million units per year.
Red Baron frozen cheese pizza sales increase from 2 to 3 million units annually as the price moves from $8 to $6 per unit along the demand curve D1.
In economics, the term "quantity demanded" refers to the total amount of a good or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of a good or service.
Demand for Red Barron frozen cheese pizzas rises from 2 million to 3 million units annually as the price is reduced from $8 to $6 per pizza, according to the demand curve D1.
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Which of the following is not a type of financial banking?
Investment banks, insurance firms, and mutual funds just like SBI Mutual Fund.
What makes money important?Money woes are at the heart of the discipline of finance. It's a crucial element for every individual or business. It is essential for a company since all businesses must make money in order to survive. It is considered a specialty business that requires experienced people for this reason.
What does finance include for a company?It makes reference to the entire quantity of cash and credit that a corporation has utilized. The execution of all other economic activities, as well as the purchase of goods, services, and raw materials, require business finance. In particular, it is required for conducting out all business processes.
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T/F. if firms costs of production fall while the demand for their product grows, you can be sure the equilibrium price for the product will fall.
If firm's costs of production fall while the demand for their product grows, you can be sure the equilibrium price for the product will fall.
This statement is True.
In economics, economic equilibrium is a situation in which economic forces such as demand and supply are in balance and the values of economic variables do not change without external influences.
Equilibrium price, also called market clearing price, is the consumer cost attributable to a product or service for which demand and supply are equal or nearly equal. Manufacturers or sellers can sell units they want to move, and customers have access to units they want to buy.
At equilibrium prices, the supply of goods matches the demand. When a major index goes through a period of correction or flattening, the forces of demand and supply are relatively equal and the market is said to be in equilibrium.
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the gorman group issued $860,000 of 9% bonds on june 30, 2021, for $945,110. the bonds were dated on june 30 and mature on june 30, 2041 (20 years). the market yield for bonds of similar risk and maturity is 8%. interest is paid semiannually on december 31 and june 30.
Interest is paid semiannually on December 31 and June 30, so, the Amortisation of the Premium on the Bond is $931.42.
Dec 31, 2018 Amount Interest Rate Total
Interest Expense $9,45,110.00 X 4% = $37,804.40
Cash $8,60,000.00 X 5% = $38,700.00
Amortisation of Premium on Bond = $895.60
June 30, 2019 Amount Interest Rate Total
Interest Expense $9,44,214.40 X 4.0% = $37,768.58
(945110-895.60)
Cash $8,60,000.00 X 4.5% = $38,700.00
Amortisation of Premium on Bond = $931.42
Bond yield is the profit an investor makes from a bond investment. Bonds can be bought for more than their face value, known as a premium, or for less than their face value, known as a discount. Divided by the bond's market price, the current yield represents the bond's coupon rate.
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A company can manipulate income by overstating an impairment loss. The financial statement effects of this are (select all that apply) a. current-year income is low. b. retained earnings in the year of the impairment loss is overstated. c. future income is unrealistically high. d. future depreciation, depletion, or amortization is unrealistically low.
D. future depreciation, depletion, or amortization is unrealistically low.
C. future income is unrealistically high.
A. current-year income is low.
These three statements are the effects of the financial statements.
Financial statements are a record of a company's transactions, both in business transactions such as sales, or outside business transactions such as buying shares, investments and taxes.
This financial report is also very important to arrange neatly so that investors or stakeholders can see that the business finances that you are running are stable, well-planned, and growing.
Not only does it have an important role in getting investors, having financial reports can also have other benefits in the business that you are running.
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according to the , we form beliefs about product performance based on our prior experience with the product or communications about the product that imply a certain level of quality.
According to the economics ,we form beliefs about product performance based on our prior experience with the product or communications about the product that imply a certain level of quality.
IPC refers to messages, content, and associated media that are delivered directly to a user's internet-connected device or software application with the intention of informing, requesting feedback from, engaging with, or marketing to that specific user or segment of users at often-higher engagement rates than other digital marketing and online marketing channels. In-product marketing is included as a channel in the digital marketing toolkit, which also includes email marketing, search engine marketing (SEM), social media marketing, various forms of display advertising, and mobile advertising. In order to provide in-product customer care and support, provide training materials, and initiate orders for replacement parts and consumables, it can also be used to explain a company's strategy for interacting with specific consumer groups.
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On January 1. Year 1. Barnes Company issued a $100,000 installment note. The note had a 10-year term and an 8 percent interest rate Barnes agreed to repay the principal and interest in 10 annual payments of $14.903 at the end of each year. The amount of Interest expense shown on the Year 2 income statement is (round your answer to two decimal places).
> $14.903 $7.455 $8,000 $7,448
On January 1, Year 1 Residence Company issued bonds with a $50,000 face value The bonds were issued at 104 resulting in a 4% premium. They had a 20 year term and a stated rate of interest of 7%. The company amortizes the premium on a straight-line basis. Which of the following shows how the recognition of interest expense will affect Residence's financial statements on December 31, Year 1?
Balance Sheet = $3500 and Income Statement (statement of cashflows) = $3400
What is Balance Sheet?
A financial statement that lists a company's assets, liabilities, and shareholder equity at a certain point in time is referred to as a balance sheet. The foundation for calculating investor return rates and assessing the capital structure of a company is provided by balance sheets. The balance sheet is a financial statement that gives a quick overview of the assets and liabilities of a firm as well as the amount of shareholder investment. When doing basic analysis or calculating financial ratios, balance sheets can be utilized in conjunction with other crucial financial data.
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the ___is the customer's prioritized list of key features desired when the project is completed.
the product backlogs is the customer's prioritized list of key features desired when the project is completed.
A sprint retrospective is one of the meetings that occur at the scrum. This meeting is being convened in order to assess how well the last sprint went and to pinpoint specific measures that can enhance subsequent sprints. The sprint retrospective meeting demonstrates scrum's dedication to constant improvement of both team interactions and product quality.
In sprint and product backlogs, features and actions are tracked and recorded. The customer's prioritized list of important features wanted once the project is finished called the product backlog. The only person who has the authority to modify the product backlog is the product owner. The sprint backlog, on the other hand, is a representation of the amount of work the team has committed to finishing the subsequent sprint.
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. Unethical business practices typically involve the _______ cooperation of others and reflect the values, attitudes, and behavior patterns that define the operating culture of the organization.
A. select
B. complete
C. explicit
D. tacit
Unethical business involves the tacit, if not direct, cooperation of others and reflects the values, attitudes, beliefs, language, and behaviors that define the organizational culture.
Ethics is therefore both an organizational and a personal matter. A company must be run ethically for several reasons:
To maintain a good reputation; Retain existing customers and attract new ones; Avoid lawsuits; Reduce employee turnover; Avoid state interference; and please customers, employees, and society at the greatest management level.Failure to develop a written code of ethics is considered a red flag that an organization may ignore or even encourage unethical behavior. management problem to achieve competitive advantage. Business ethics refers to nothing but the application of ethics in business.
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Decision Point: Choosing the Type of Advertising Objective
Your first task is to set an advertising objective. Remember, your key goals are to build brand preference for your product and to differentiate your product as the safe and natural choice. Decide on the best type of objective for your national campaign.
Persuasive advertising: Reinforce why consumers should choose Enliven as their first choice.
Type of Advertising Objective is D. Persuasive advertising: Reinforce why consumers should choose Enliven as their first choice.
advertising is an advertising and marketing tactic involving procuring space to promote a product, carrier, or motive. The real promotional messages are called advertisements, or ads for brief. The aim of marketing is to reach human beings most likely to be willing to pay for a company's services or products and trap them to buy.
Examples of above-the-line advertising and marketing are tv, radio, & newspaper commercials. beneath-the-line advertising includes conversion-targeted sports that are directed toward a particular goal institution. Examples of beneath-the-line advertising are billboards, sponsorships, in-shop advertising, and so on. advertising and marketing is a way of advertising and marketing your commercial enterprise with the purpose to growth sales or making your audience aware about your services or products. till a patron offers with you directly and in fact buys your services or products, your advertising can also assist to form their first impressions of your business.
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many organizations will apply for temporary permits that allow which of the following activities
"Sell booze at venues wherever refreshments are not typically sold for on-premise consumption," is the right response.
What makes organization crucial?However, keeping organization may enhance your wellbeing and increase your sense of comfort in your own house. Be untidy might cause chaos in you life. This could lead to hopelessness and significant anxiety. In addition to being a cause of dust buildup and mold growth, disorder can provide a fire danger.
What three kinds of organizations are there?The organisations utilized by the majority of businesses now may be categorized into three types: operational, divisional, and matrix. Before choosing among these formats to use for their firm, proprietors must weigh the benefits and drawbacks of each.
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The complete question is-
Many organizations will apply for temporary permits that allow which of the following activities?
Sell alcohol to members in a private club.
Promote and enhance the sale of an alcoholic beverage on behalf of a brewer or winery.
Offer in-store wine and beer samples.
Sell alcohol at locations where beverages are not usually sold for on-premise consumption.
Which of the following Multi-Channel Funnels reports would you use to see the most common sequences of marketing touch points that lead to conversions on your site or app?a) Assisted Conversionsb) Top Conversion Pathsc) Time Lagd) Path Length
The most typical sequences of marketing touch points that result in conversions on your website or app are shown in the Assisted Conversions reports from Multi-Channel Funnels.
Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.
Employees in a company's marketing and promotion divisions aim to attract the attention of key target populations through advertising. Promotions are aimed at specific demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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which of the following is an example of a natural monopoly? an airline company a national fast-food chain a local gas station a natural gas supplier in a city
A natural gas supplier in a city is an example of a natural monopoly. Hence, the relevant option will be option (D).
Give a brief account on natural monopoly.A natural monopoly is a monopoly in an industry where high infrastructure costs and other entry obstacles in relation to the size of the market provide the largest supplier in the sector, frequently the first supplier in a market, a significant competitive advantage. A sector is a natural monopoly specifically if the total cost of one company producing the full output is less than the total cost of two or more companies producing the same amount of output. It is quite likely that a single company (a monopoly) or a small group of firms (an oligopoly) will emerge and offer all or the majority of the pertinent goods and/or services in that scenario.
Public utilities like water services, electricity, telecommunications, mail, etc. are examples of industries where this frequently happens, creating significant economies of scale relative to the size of the market. Natural monopolies were identified as potential sources of market failure as early as the 19th century, and John Stuart Mill favoured government regulation to make them serve the general welfare.
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Materials Handling Costs are $12,000, setup costs are $21,000. There were 240 material moves, and 15 setups. Product A required 180 material moves, and Product B used the rest of the material moves. Product A required 9 setups, Product B used the rest of the setups. Using either method, how much total cost would be allocated to Product A? $21,600 $12,600 O $1,400 $9,000 $8,700
Using either method, how much total cost would be allocated to Product $21,600. The distribution of a single cost among various companies, business units, or cost centers is known as cost allocation.
One instance is when many branches or departments receive health insurance premium payments made by the main corporate office. To satisfy client demand, product allocation entails distributing, monitoring, and controlling e-commerce inventory throughout a distribution network and sales business. To allocate means to reserve a specific sum of money for a cost. You frequently hear about how the government distributes money for the military or for education, but you might personally choose to use some of your allowance to buy comic books.
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managers should expect to encounter criticisms, disagreements, and other on-the-job conflicts regularly. True or False ?
True- managers should expect to encounter criticisms, disagreements, and other on-the-job conflicts regularly.
managers
Organizations are title hierarchies. From the top down, the organizational chart or structure of the corporation and the relationships of the positions and tasks may include CEO, vice president, director, and manager. We often think about managers in terms of their position in a company. This explains their function and the nature of their tasks. The diagram below outlines companies' historical and present perspectives on management positions (Ghoshal & Barlett, 1999). In contrast to the conventional, hierarchical connection between levels of management and managers and workers, top managers (via a process known as empowerment) assist and serve other managers and employees, just as the company ultimately exists to serve its customers and clients. Empowerment is the process of enabling or authorizing a person to think, conduct, act, and govern work and decision making autonomously.
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when a t-rec machine does not halt, the input string: group of answer choices is not in the language of the machine could be a member of the language of the machine (or not) remains on the tape
The Turing machine will halt on every input if the system is consistent, however this cannot be demonstrated in a robust enough proof method because of Gödel's incompleteness theorems.
It is not true that every input will cause every Turing computer to halt or go into an infinite loop. The fact that many Turing machines do both and instead consistent continue indefinitely without ever entering an infinite loop is important to their ability to compute. The Halting problem asks whether a particular algorithm will halt (or stop) at a particular point in time. When an algorithm is applied to a given input.
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Which of the following information is most likely to be included in a job specification rather than a job description? a. mental skills required for a job b. working conditions c. responsibilities associated with a job d. tasks to be performed e. education qualification required fora job
Responsibilities associated with job is most likely to be included in job specification rather than job description.
What is job description?A job description, or JD, is a narrative in writing that outlines the fundamental responsibilities and related tasks of a position. It may include details such as the credentials or abilities required for the post, information on the tools, equipment, and work aids used, working conditions, physical demands, and a wage range. It may also include information about the functionary to whom the position reports. Torrington asserts that a job analysis, which is looking at the tasks and sequences of actions required to carry out the work, is typically the first step in creating a job description. A job typically consists of numerous roles. Although the person/job specification can be presented as a separate document, in reality it is typically part of the job description.
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firms needing to change their strategies should: question 1 options: create more heterogeneous top management teams. focus on their core customer base. implement transformational leadership. emphasize the training and development of internal managerial talent.
Firms need to change their strategies should create more heterogeneous top management teams.
A management team is a collection of senior employees that a business owner has employed to handle crucial duties within the company and these people make up the top echelons of management within an organisation or firm, and each has a particular field of business management expertise, such as accounting.
Top management is made up of those who control an organization's resources, authority, and ability to make decisions. They also have control over how the organisation changes.
Heterogeneity in top management teams refers to the variations in team members' demographics as well as significant cognitive traits, values, and experiences. In contrast, homogeneity refers to the shared traits of the team members in the aforementioned characters.
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