If the market is perfectly competitive and when the total revenue earned by a firm can never cover the total variable costs, the firm in short run should shut down. It's because in this scenario the company is incurring losses.
To understand why the firm should shut down, let's consider the case when the company is operating and facing losses. In the short run, the company can't adjust all its inputs; in fact, it can only adjust a few of them. The company may be able to control its labor and material costs but not its fixed costs. Hence, in the short run, the company is stuck with the fixed costs. If the revenue received by the company can't cover its variable cost, it is not even close to covering the fixed costs. So, in this case, the firm should shut down. In the long run, however, the firm can adjust all its inputs, and if it can't cover all its costs, it will exit the market. Hence, in the long run, a firm that is not covering its costs should exit the market.
To know more about firm visit:
https://brainly.com/question/31687318
#SPJ11
Discuss the benefits and potential challenges of of using electronic procurement cards
2. Discuss three potential procurement objectives
Using electronic procurement cards (e-procurement cards) offers several benefits, including increased efficiency, enhanced financial control, and improved supplier relationships. However, there are also potential challenges associated with their use, such as security risks and the need for proper training and monitoring. Additionally, three potential procurement objectives include cost savings, supplier diversification, and sustainability.
Electronic procurement cards provide numerous benefits to organizations. Firstly, they improve efficiency by streamlining the procurement process. E-procurement cards enable quick and convenient purchasing, eliminating the need for paper-based requisitions and approvals. This saves time and enables faster order fulfillment. Secondly, e-procurement cards enhance financial control by allowing organizations to set spending limits and track expenses in real-time. This helps prevent overspending and enables better budget management. Lastly, e-procurement cards can strengthen supplier relationships. They provide organizations with detailed transaction data, enabling better negotiation and collaboration with suppliers, leading to potential discounts and improved service.
However, there are challenges associated with e-procurement cards. One major challenge is security risks. The use of electronic cards introduces the potential for unauthorized use, fraud, or data breaches. Organizations must implement robust security measures, such as encryption and user authentication, to mitigate these risks. Another challenge is the need for proper training and monitoring. Users need to be trained on the appropriate use of e-procurement cards to ensure compliance with procurement policies and guidelines. Regular monitoring and audits are also necessary to detect any misuse or fraudulent activities.
When it comes to procurement objectives, organizations often aim for cost savings as a primary objective. By leveraging strategic sourcing, negotiation, and supplier evaluation, organizations can optimize costs and achieve savings in their procurement processes. Supplier diversification is another objective, which involves reducing dependency on a single supplier by engaging with multiple suppliers. This promotes competition, reduces risk, and enhances the organization's bargaining power. Additionally, sustainability has become a significant procurement objective in recent years. Organizations strive to source products and services from environmentally and socially responsible suppliers, aligning with their sustainability goals and values.
By setting and pursuing these procurement objectives, organizations can improve their procurement practices, achieve cost efficiencies, mitigate risks, and contribute to sustainable and ethical sourcing practices.
Learn more about sustainability here: https://brainly.com/question/13528810
#SPJ11
Te Arawhiti (Te Kahui Whakatau) (Treaty Settlements):
Select one:
a. May agree to commence settlement negotiations even though no claim has been lodged with the Waitangi Tribunal.
b. Must settle all historical claims in accordance with instructions provided by the Waitangi Tribunal.
c. Is required to settle claims strictly in accordance with the directions of the Waitangi Tribunal or the Maori Land Court.
While the Waitangi Tribunal provides valuable recommendations and findings on Treaty claims, Te Arawhiti is not strictly bound to settle claims in accordance with the Tribunal's directions. However, the Tribunal's reports and recommendations often inform and influence the negotiation and settlement process.
a. May agree to commence settlement negotiations even though no claim has been lodged with the Waitangi Tribunal.
b.Te Arawhiti (Te Kahui Whakatau) is the government agency responsible for overseeing Treaty Settlements in New Zealand. Its role is to facilitate negotiations and the resolution of historical Treaty of Waitangi claims between the Crown (government) and Māori groups.
Option (a) is correct. Te Arawhiti has the authority to agree to commence settlement negotiations even if no claim has been lodged with the Waitangi Tribunal. The Waitangi Tribunal is a separate entity that hears and investigates Treaty claims, but lodging a claim with the Tribunal is not a prerequisite for entering into settlement negotiations.
Te Arawhiti engages with claimant groups and assesses their historical claims based on various factors, including historical evidence and legal considerations.
learn more about reports here
https://brainly.com/question/31502938
#SPJ11
The following comparative halance sheet is given for EC Assets Cash Dec.31.2021 Dvs.31.2020 Notes Receivable $19,500 24,000 Supplies & Inventory Prepaid expense 27,000 40,500 10,500 18,000 Long-term investments Machines and tools 0 27,000 55,500 48,000 Accumulated depreciation equipment Total Assets (21.000) (15.000) $213.000 $159.000 Liabilities & Stockholders' Equity Accounts payable $ 25,500 $ 10,500 55,500 70,500 Bonds payable (long-term) Common Stock 60,000 34,500 Retained Earnings 72.000 43.500 Total Liabilities & Stockholders' $213.000 $159.000 Equity Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $43,500. 2. Depreciation expense is $6,000. 3. There is a loss of $3,000 resulted from the sale of long-term investment. Additional information (2021); 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $27,000, yielding a $3,000 loss. 3. Cash dividends paid is $15,000. 4. The company purchased new machines and tools for $7,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, MacBook Pro
To prepare the operating section of the statement of cash flows, we need to consider the changes in current assets and current liabilities. Here is the calculation:
Operating Activities:
Net income: $43,500
Add: Depreciation expense: $6,000
Less: Loss on sale of long-term investment: $3,000
Increase in accounts payable: $25,500 - $10,500 = $15,000
Net cash provided by operating activities: $43,500 + $6,000 - $3,000 + $15,000 = $61,500
Next, we'll prepare the investing section of the statement of cash flows:
Investing Activities:
Proceeds from the sale of long-term investment: $27,000
Less: Loss on sale of long-term investment: $3,000
Purchase of machines and tools: $7,500
Net cash used in investing activities: $27,000 - $3,000 - $7,500 = $16,500
Therefore, the first (operating) section of the statement of cash flows shows net cash provided by operating activities of $61,500, and the second (investing) section shows net cash used in investing activities of $16,500.
To know more about cash flow visit:
brainly.com/question/14762501
#SPJ11
The following partially completed T-accounts are for Stanford Corporation:
Raw Materials
Debit Credit
Balance 7,000 (2) 24,000
(1) 19,000
Work In Process
Debit Credit
Balance 11,000 (7) ?
(2) 15,000
(4) 18,000
(6) 31,000
Finished Goods
Debit Credit
Balance 18,000
(7) 62,000
15,000
Manufacturing Overhead
Debit Credit
(2) 9,000 (6) 31,000
(3) 16,000
(4) 8,000
(5) 5,000
Accumulated Depreciation--Factory
Debit Credit
Balance 82,000
(3) 16,000
Sales Salaries Expense
Debit Credit
(4) 11,000
Accounts Payable
Debit Credit
Balance
(1) 19,000
(5) 5,000
Salaries and Wages Payable
Debit Credit
Balance 7,000
(4) 37,000
The indirect labor cost is:
"The indirect labor cost for Stanford Corporation is $7,000"
To determine the indirect labor cost, we need to look at the Manufacturing Overhead account. Indirect labor costs are typically included in the Manufacturing Overhead category.
From the provided T-account for Manufacturing Overhead, we can see the following transactions:
Debit:
(2) $9,000
(3) $16,000
(4) $8,000
(5) $5,000
Credit:
(6) $31,000
To calculate the total indirect labor cost, we sum up the debit amounts and subtract the credit amount:
Total indirect labor cost = (Debit amounts) - (Credit amounts)
= ($9,000 + $16,000 + $8,000 + $5,000) - ($31,000)
= $38,000 - $31,000
= $7,000
Therefore, the indirect labor cost for Stanford Corporation is $7,000.
Indirect labor cost refers to the expenses incurred by a company for the labor that supports the production process but is not directly involved in the creation of the final product. It includes the wages, benefits, and other costs associated with employees who perform tasks that are necessary for the production process but do not contribute directly to the conversion of raw materials into finished goods.
Indirect labor can encompass a wide range of activities and roles within a company, such as maintenance personnel, supervisors, quality control inspectors, material handlers, machine operators, janitorial staff, and administrative employees supporting production operations. These individuals provide essential support services to keep the production process running smoothly.
Indirect labor costs are considered part of the overhead costs of a company and are typically allocated to products or production units based on predetermined allocation methods. These costs are important to track and allocate accurately, as they contribute to the overall cost of producing goods or providing services. Proper management of indirect labor costs is essential for evaluating the profitability and efficiency of a company's operations.
To know more about indirect labor costs visit:
https://brainly.com/question/26527325
#SPJ11
A company has the following data in 2021: Asset Turnover Sales Margin Operating Assets at Jan 1, 2021 Operating Assets at Dec 31, 2021 Minimum required rate of return What is the company's residual income for 2021? A. S 1,000 B. S 7,820 C. $ 8,500 D. S 9,180 E. None of the above. $ $ 2 20% 23,000 27,000 6%
This is option D.Residual income is also called residual earnings or residual profit. This is the revenue produced by an organization after taking into account the expense of its capital, including the cost of equity and debt. In finance, it is computed by subtracting the minimum rate of return from the net operating income of a company. The residual income of a company for 2021 is S9,180.
Residual income is defined as the amount of income that a corporation has earned in excess of the amount that it could have earned by using its resources in some other way. If residual income is positive, it indicates that the firm is producing more income than it needs to meet its capital costs. If residual income is negative, it indicates that the company is failing to generate enough income to meet its minimum return requirements.
Residual income (RI) is calculated as:RI = Net Operating Income - (Minimum Required Rate of Return × Operating Assets)Where,Net operating income = Sales * Sales margin
Operating Assets = (Operating assets at Jan 1, 2021 + Operating assets at Dec 31, 2021)/2Sales = $2,20,000 (Given)Sales margin = 20% = 0.2 (Given)Operating assets at Jan 1, 2021 = $23,000 (Given)Operating assets at Dec 31, 2021 = $27,000 (Given)Minimum required rate of return = 6% = 0.06 (Given)Now, putting all the values in the formula for RI,RI = 2,20,000 * 0.2 - 0.06 * (23,000 + 27,000)/2RI = 44,000 - 0.06 * 25,000RI = 44,000 - 1,500RI = $9,180Therefore, the company's residual income for 2021 is S 9,180, which is given in option D.
To know more about Residual income visit :-
https://brainly.com/question/30387418
#SPJ11
QUESTION 17 When an employee alleges sexual harrassment based on hostile work environment the: a. harrassment should be sufficiently severe or pervasive to create an abusive working environment. b. the harrasee must show that the employer was completely unaware of the sexually hostile work environment. c. the harassee can not be male. O d. a and b QUESTION 18 A is a a bank teller at Comical Bank. SHe confided to one of her co-workers that she has herpes. The co-worker spread the news to other employees who constantly made fun of her and refused to work with her. A reported these incidents to her supervisor and was fired a. A has a discrimination case based on a hostile work environment. under the Americans With Disabilities Act b. A does not have a discrimination case since the disability was not outwardly evident. c. A does not have a discrimination case since she never requested an accomodation for her disability. d. A does not have discrimination case since the American With Disabilities Act does not cover provate employers. QUESTION 19 J was being asked for sexual favors by their boss K. J would be foeced to meet K outside of work where they would be touched in an inappropriate manner. J was promised apromotion if J would be sexually intimate with K. J reluctantly agreed to K's demands and was promoted. When J refused to keep having relations with K, J was fired. O a. J can can not claim sexual harrassment unless J was a different gender that K. b.J cannot claim sexual harrassmnt since J agreed to have sexual relations with K. O c. J has a claim for quid pro quo sexual harrassment. O d. J only has a caim for hostile work environment sexual harrassment.
When an employee alleges se-xual harassment based on a hostile work environment, harassment should be sufficiently severe or pervasive to create an abusive working environment. Thus, option A is correct.
A sexual harassment claim can be a basis for discrimination if the conduct is severe enough to create a hostile work environment.
A is a bank teller at Comical Bank. She confided to one of her co-workers that she has herpes. The co-worker spread the news to other employees who constantly made fun of her and refused to work with her. A reported these incidents to her supervisor and was fired. A does have a discrimination case based on a hostile work environment under the Americans With Disabilities Act. Thus, option A is correct. Under the Americans With Disabilities Act (ADA), it is illegal to discriminate against qualified individuals with disabilities in employment.
J was being asked for se-xual favors by their boss K. J would be forced to meet K outside of work where they would be touched in an inappropriate manner. J was promised a promotion if J would be se-xually intimate with K. J reluctantly agreed to K's demands and was promoted. When J refused to keep having relations with K, J was fired. The main answer is that J has a claim for quid pro quo se-xual harassment. Thus, option C is correct. Quid pro quo sexual harassment is a type of workplace harassment that occurs when a supervisor or manager offers a job benefit in exchange for a s-exual favor.
Learn more about work environment: https://brainly.com/question/28958597
#SPJ11
A mini zoo is engaged in animal breeding where the animals require three different nutrients everyday. The minimum requirement for calories is 216g per day while the minimum requirement for protein and sodium is 72g and 200mg per day, respectively. Zookeeper would like to give the animals a mix of product Alpha and product Beta to provide the minimum nutritional requirement. The product cost per unit of Alpha is Rp. 40 and the product cost per unit of Beta is Rp. 80. A unit of product Alpha contains 72g of calories, 6g of protein and 40mg of sodium. While a unit of product Beta contains 12g, 24g and 20mg of calories, protein and sodium, respectively.
If a small change occur for the product cost of Alpha; in what small range of the change could remains the current optimal?
On the basis of (1), compute the objective coefficient range for product Alpha.
The current optimal range for the cost of product Alpha can remain unchanged as long as the cost per unit of Alpha remains within Rp. 40 and Rp. 80.
To determine the optimal range for the cost of product Alpha, we need to consider the nutritional requirements and costs of both products Alpha and Beta. The objective is to minimize the cost while meeting the minimum nutritional requirements.
Currently, the cost per unit of Alpha is Rp. 40, and it provides 72g of calories, 6g of protein, and 40mg of sodium. On the other hand, Beta costs Rp. 80 per unit and provides 12g of calories, 24g of protein, and 20mg of sodium.
If the cost of Alpha increases above Rp. 40, it becomes more expensive than Beta, which might affect the optimal solution. Similarly, if the cost of Alpha decreases below Rp. 40, it becomes cheaper than Beta, potentially altering the optimal solution as well.
Therefore, to maintain the current optimal solution, the cost per unit of Alpha should remain within the range of Rp. 40 to Rp. 80. Any small change within this range would still result in the same optimal solution.
Learn more about product here:
https://brainly.com/question/31815585
#SPJ11
Mr. and Mrs. Harvey's tax liability before credits was $1,675. Their income tax withholding was $1,050, and they are entitled to a $1,189 Earned Income Credit. Which of the following statements is TRUE?
The Harveys are entitled to a $1,050 tax refund.
The Harveys are entitled to a $564 tax refund.
The Harveys owe no additional tax but they are not entitled to a refund.
The Harveys are entitled to a $1,189 tax refund.
The Harveys are entitled to a $1,189 tax refund. The correct answer is option d.
To determine the tax refund, we need to calculate the difference between their tax liability before credits and their income tax withholding, and then add the Earned Income Credit.
Tax refund = (Tax liability before credits) - (Income tax withholding) + (Earned Income Credit)
Tax refund = $1,675 - $1,050 + $1,189 = $1,814
Therefore, The correct answer is option d.
A tax refund is the amount of money that a taxpayer is owed by the government when they have paid more in taxes throughout the year than their actual tax liability. It is the excess amount that is returned to the taxpayer.
To know more about tax refund refer to-
https://brainly.com/question/30974770
#SPJ11
Complete question
Mr. and Mrs. Harvey's tax liability before credits was $1,675. Their income tax withholding was $1,050, and they are entitled to a $1,189 Earned Income Credit. Which of the following statements is TRUE?
a. The Harveys are entitled to a $1,050 tax refund.
b. The Harveys are entitled to a $564 tax refund.
c. The Harveys owe no additional tax but they are not entitled to a refund.
d. The Harveys are entitled to a $1,189 tax refund.
the reserve ratio is percent. what is the value of the potential money multiplier?
The reserve ratio refers to the amount of reserves that a financial institution must maintain against a given deposit amount. The money multiplier, on the other hand, refers to the expansion of the money supply through the lending process.
In order to calculate the potential money multiplier, the following formula is used: Potential Money Multiplier = 1 / Reserve Ratio So, if the reserve ratio is 10%, the potential money multiplier can be calculated as follows: Potential Money Multiplier = 1 / 0. 10 = 10 Therefore, if the reserve ratio is 10%, the potential money multiplier is 10. The main answer to the question is that the potential money multiplier can be calculated using the formula Potential Money Multiplier = 1 / Reserve Ratio.
To Know more about reserve ratio
https://brainly.com/question/32654211
#SPJ11
1. You are a Scrum Master in a Scrum team. The Product Owner doesn't want to prioritize items in the Product Backlog. He says everything is important. What is the best you can do?
Select one:
a.Let the Team work without prioritizing.
b.Be firm and insist on prioritizing.
c.Prioritize the Product Backlog yourself.
d.Let the Team decide which features are most important.
2. Which of the following Agile meetings is process-oriented?
Select one:
a.Iteration Planning
b.Iteration Retrospective
c.Iteration Review
d.Iteration Demonstration
1. As a Scrum Master, what can you do if the Product Owner doesn't want to prioritize items in the Product Backlog?As a Scrum Master, your role is to ensure that the Scrum team is working together effectively to achieve the goals of the project.
If the Product Owner doesn't want to prioritize items in the Product Backlog, you can do the following:Help the Product Owner understand the importance of prioritization: Prioritizing items in the Product Backlog is crucial for effective project management. It ensures that the most valuable items are worked on first, and the team can deliver working software faster. If the Product Owner understands this, they may be more willing to prioritize items.Facilitate a discussion: You can facilitate a discussion with the Product Owner and the Scrum team to understand why the Product Owner thinks that everything is important. This can help identify underlying issues that need to be addressed.Work with the team: If the Product Owner is unwilling to prioritize items, you can work with the team to help them identify the most important items. This can help the team focus on what is important and deliver working software faster.2. Which of the following Agile meetings is process-oriented?The Iteration Retrospective is a process-oriented meeting in Agile development. The purpose of this meeting is to reflect on the previous iteration and identify ways to improve the team's performance. The meeting is typically held at the end of the iteration and involves the Scrum Master, the Development Team, and the Product Owner.The Iteration Retrospective is an essential part of Agile development because it helps the team learn from their mistakes and improve their performance. During the meeting, the team discusses what went well, what didn't go well, and what can be improved. They also identify action items to address any issues that were identified. By doing so, they can continuously improve their processes and deliver better software.For such more question on project management
https://brainly.com/question/27995740
#SPJ8
Scenario
Effective change plans are created by understanding several external factors influencing an organization, including p olitical, e conomic, s ocial, t echnological, l egal, and e nvironmental, or PESTLE, forces. Experienced executives carefully examine PESTLE forces to identify major opportunities and threats and then adjust their organizational change strategies accordingly.
Previously, you informed the VP about potential reasons why an organization fails to change and suggested ways to avoid them. Now, you have been asked to analyze the situation and recommend a change management plan to the VP. As part of your analysis, you need to evaluate and report to the VP about workforce change readiness and external forces that may affect the change management processes in the organization.
Prompt
Identify social and technological factors that can affect change readiness in an organization. Consider how these factors may influence the employees at the U.S. branch of the Singaporean software solutions provider. Then, write a report explaining your analysis to the VP.
Specifically, you must address the following criteria.
Explain how social factors influence the change requirement of the organization.
Use the PESTLE Forces Guide to identify social factors and refer to the U.S. Branch Overview for data about the U.S. branch.
Which social factors will significantly influence the change requirements of the U.S. unit’s workforce?
How will social factors influence change readiness in the workforce?
How will you visually present and emphasize social factors depicted through demographic data?
Explain how technological factors influence the change requirement of the organization.
Use the PESTLE Forces Guide to identify technological factors and refer to the U.S. Branch Overview for data about the U.S. branch.
Which technology factors will significantly influence workforce planning and training requirements?
How will technology factors influence change readiness in the workforce?
How will you visually present and emphasize technological factors depicted through demographic data?
Social factors influencing change readiness in the U.S. unit's workforce: cultural norms, employee attitudes, and engagement.
Technological factors influencing change readiness in the workforce: emerging technologies and IT infrastructure.
Social factors significantly influencing the change requirements of the U.S. unit's workforce include cultural norms and values, as well as employee attitudes and engagement.
These factors can influence change readiness by creating a sense of urgency, facilitating or hindering communication, and impacting employees' acceptance and adaptation to change.
To visually present and emphasize social factors depicted through demographic data, charts and graphs can be used to showcase workforce demographics and highlight key factors influencing change readiness.
Technological factors significantly influencing workforce planning and training requirements include emerging technologies and IT infrastructure.These factors can influence change readiness by creating a digital divide and enabling innovation and efficiency. Visual representations of technological factors depicted through demographic data can be presented using charts, graphs, or diagrams to showcase technology adoption rates, skill gaps, and the current IT infrastructure within the U.S. branch.
These visuals can help highlight key technological factors impacting change readiness and provide insights into the workforce's technology capabilities and potential barriers to change.
Learn more about innovation here:
https://brainly.com/question/32596429
#SPJ4
Which of the following are reasons why the members of the Federal Open Market Committee (FOMC) would want to pursue a particular type of policy (expansionary or contractionary)? Sort each reason into the appropriate policy.Expansionary Contractionary -The inflation rate is negative. -The unemployment rate is above the natural rate -Inflation is above the FOMC’s inflation target. -Real GDP is above potential Suppose that real GDP is greater than the full-employment output level. Initially, this seemed likea good thing. However, it has resulted in a higher rate of inflation. If the central bank decides to implement monetary policy to control the higher inflation, what will happen to real GDP and unemployment in the short run?
The following are reasons why the members of the Federal Open Market Committee (FOMC) would want to pursue a particular type of policy:
Expansionary Policy:
Inflation rate is negative.
Real GDP is below potential.
Contractionary Policy:
Inflation is above the FOMC's inflation target.
Unemployment rate is above the natural rate.
If real GDP is greater than the full-employment output level, then it will lead to an increase in the rate of inflation. If the central bank decides to implement monetary policy to control the higher inflation, then in the short run, real GDP will decrease, and unemployment will increase.
Monetary policy is a strategy used by the Federal Reserve Board (FRB) to control the money supply and interest rates in the economy. It is one of the ways that the federal government can control inflation.
Monetary policy is divided into two categories: contractionary and expansionary. Contractionary policy is used to control inflation, while expansionary policy is used to stimulate the economy by increasing the money supply.
To learn more about federal, refer below:
https://brainly.com/question/1951874
#SPJ11
Assignment 2 CLO 2 (1) Sabana Company had the following selected transactions. February 1: Signs a $50,000, 6-month, 9%-interest-bearing note payable to Citi Bank and receives $50,000 in cash. 10 Cash register sales total $32,400, which includes an 8% sales tax. 28 Wood Company retired $600,000 face value, 9% bonds on Feb 28, 2019 at 95. The carrying value of the bonds at the redemption date was $610,000.
The journal entry to retire the bonds would be: Debit: Bonds Payable for $600,000 Credit: Discount on Bonds Payable for $10,000 Credit: Cash for $570,000.
The effects of the transactions are as follows:Transaction 1: On February 1st, Sabana Company signs a 6-month, 9% interest-bearing note payable for $50,000 with Citi Bank, and receives $50,000 in cash from them.
This transaction results in an increase in cash (asset) by $50,000 and a corresponding increase in note payable (liability) of $50,000.Transaction 2: On February 10th, Sabana Company has cash register sales of $32,400, which includes an 8% sales tax. Since sales tax is not a revenue, and it is paid to the government, we need to record it separately. This transaction leads to an increase in cash (asset) of $32,400, an increase in sales (revenue) of $30,000 and an increase in sales tax payable (liability) of $2,400.
Transaction 3: On February 28th, Sabana Company retires the $600,000 face value, 9% bonds on Feb 28, 2019, at 95. The carrying value of the bonds at the redemption date was $610,000. The retirement of the bonds results in a decrease in bonds payable (liability) by $600,000, a decrease in the discount on bonds payable (contra liability) by $10,000, and a decrease in cash (asset) by $570,000 ($600,000 x 0.95). Therefore, the journal entry to retire the bonds would be: Debit: Bonds Payable for $600,000 Credit: Discount on Bonds Payable for $10,000 Credit: Cash for $570,000.
Learn more about sales tax
https://brainly.com/question/30157785
#SPJ11
the lower of cost or market approach is blank for companies that use blank . multiple choice question. optional under gaap; any method of inventory valuation required under gaap; lifo or the retail inventory optional under gaap; lifo or the retail inventory required under gaap; any method of inventory valuation
The lower of cost or market approach is optional under GAAP for companies that use LIFO or the retail inventory valuation methods.
What is the Lower of Cost or Market (LCM) approach?The Lower of Cost or Market (LCM) approach is a method of accounting for inventory, in which the value of inventory is recorded as the lower of its original cost or the current market value.What is the significance of the LCM approach?The LCM approach is significant since it aids in determining a more precise estimate of a company's overall inventory worth, as well as ensuring that a company does not overstate the value of its inventory, which can lead to unfavorable outcomes. It is important to note that the lower of cost or market approach is optional under GAAP (Generally Accepted Accounting Principles).Furthermore, the companies that use the Last in First Out (LIFO) or the retail inventory valuation methods must use the LCM approach. LIFO or retail inventory valuation methods are permitted under GAAP, and companies that use these methods must utilize the lower of cost or market approach.
To know more about market visit:
https://brainly.com/question/28198773
#SPJ11
During demo days, the project team should do the following when they are reviewing packages except:
a.
Compare fits and gaps
b.
Use different teams to view the ERP software depending on the module
being demoed
c.
Use a weighted score sheet when ranking vendors
d.
Require vendors to demo with the company (buying firm’s) data
During demo days, the project team should do the following when they are reviewing packages except use different teams to view the ERP software depending on the module being demoed.
Demo Days, often known as Software Demos, are a process in which an organization may determine which technology solution best suits its needs. It involves a variety of software providers giving demonstrations of their software to show their capabilities and suitability to potential customers. It's a crucial aspect of the software selection process since it gives the project team a chance to ask questions, evaluate the software, and see how it fits into the organization. The project team should do the following when reviewing packages on demo days: They should compare fits and gaps. After receiving a product demo, the project team should use a score sheet to evaluate the ERP vendors. This allows for easy comparison of goods and services. They should use a weighted score sheet when ranking vendors. ERP vendors' strengths and weaknesses should be compared using a weighted scorecard, which assigns varying degrees of importance to each evaluation category. By employing a weighted score sheet, the project team can ensure that they are comparing apples to apples. Require vendors to demo the company's (buying firm's) data.
The purchasing company should require the vendor to provide a demonstration utilizing its own data in order to assess the software's efficacy and see how it performs under particular circumstances. Using different teams to view the ERP software depending on the module being demoed is not required during demo days. Instead, during demo days, the team should have the same core project team to ensure that each software demonstration is evaluated in a comparable manner.
To know more about ERP
https://brainly.com/question/30459785
#SPJ11
We need 350 units of Item X. If 50 are already in stock, then the gross requirement is requirement is and the net 300,25 300. 200 350, 250 350, 300
The requirement for Item X is 350 units, with 50 units already in stock. The gross requirement is 350 units, while the net requirement is 300 units.
To determine the gross and net requirements, we consider the total quantity required and subtract any existing stock. In this case, the requirement for Item X is 350 units. However, since there are already 50 units in stock, we deduct this amount from the total requirement.
Gross Requirement: The gross requirement is the total quantity needed, regardless of the existing stock. In this case, the gross requirement for Item X is 350 units.
Net Requirement: The net requirement is the quantity needed after subtracting the existing stock from the total requirement. In this case, the net requirement for Item X is 300 units (350 units - 50 units = 300 units).
By understanding the difference between gross and net requirements, we can accurately determine the quantity needed to fulfill the demand for Item X, taking into account the stock on hand.
To know more about stock click here: brainly.com/question/31476517
#SPJ11
Samsung Corporation produces a single product. The standard costs for one unit of its product are as follows: Direct materials (6 pounds at $0.50 per pound) $3 Direct labor (2 hours at $10 per hour) Variable manufacturing overhead (2 hours at $5 per hour) 10 During November, 8,000 units were produced. The costs associated with November operations were as follows: Material purchased (36,000 pounds at $0.60 per pound) $21,600 Material used in production (28,000 pounds) Direct labor (18,400 hours at $9.75 per hour) 179,400 Variable manufacturing overhead incurred 110,400 What is the variable overhead spending variance for the product for November? $ 30,400 Unfavorable $ 18,400 Unfavorable $ 30,400 Favorable O$ 18,400 Favorable 20
The variable overhead spending variance for the product for November is $30,400 Unfavorable. To calculate the variable overhead spending variance, we need to compare the actual variable manufacturing overhead incurred with the standard variable overhead cost allowed based on the actual activity level.
Standard variable overhead cost per unit = (Variable manufacturing overhead per hour * Standard hours per unit)
= ($5 per hour * 2 hours)
= $10 per unit
Standard variable overhead cost for 8,000 units = (Standard variable overhead cost per unit * Units produced)
= ($10 per unit * 8,000 units)
= $80,000
Actual variable manufacturing overhead incurred = $110,400
Variable Overhead Spending Variance = (Actual variable manufacturing overhead incurred - Standard variable overhead cost for 8,000 units)
= ($110,400 - $80,000)
= $30,400 Unfavorable
Therefore, the variable overhead spending variance for the product for November is $30,400 Unfavorable.
To know more about Variable Overhead visit-
brainly.com/question/27993032
#SPJ11
PQ Co. purchased a new plant asset on July 1, 2019, at a cost of $800,000. It was estimated to have a service life of 5 years and a residual value of $50,000. PQ’s accounting period is the calendar year.
1. Compute the depreciation expense for this asset for 2019 and 2020 using the sum-of-the-years’ digits method.
2. Compute the depreciation expense for this asset for 2019 and 2020 using the double-declining-balance method
Sum-of-the-years' digits method: depreciation expense for 2019: $400,000
Depreciation expense for 2020: $320,000
Double-declining-balance method:
Depreciation expense for 2019: $320,000
Depreciation expense for 2020: $256,000
(Sum-of-the-years' digits method):
To calculate depreciation using the sum-of-the-years' digits method, we first determine the total number of years the asset will be used. In this case, it's 5 years. We then calculate the sum of the digits of those years: 5+4+3+2+1 = 15.
Next, we allocate the depreciable cost of the asset over the years based on the ratio of each year's digit to the sum of the digits. In 2019, the first year, the ratio is 5/15. Therefore, the depreciation expense for 2019 is (5/15) * ($800,000 - $50,000) = $400,000.
In 2020, the second year, the ratio is 4/15. Hence, the depreciation expense for 2020 is (4/15) * ($800,000 - $50,000) = $320,000.
(Double-declining-balance method):
The double-declining-balance method uses a fixed depreciation rate that is twice the straight-line rate. The straight-line rate is calculated by dividing 1 by the asset's useful life, which in this case is 5 years. Therefore, the straight-line rate is 1/5 = 0.2 or 20%.
Learn more about expense here:
https://brainly.com/question/29850561
#SPJ11
Create a business process narrative and flowchart.
Deliverable #1 - MS Word
Create a business process narrative dealing with any business process.
Examples:
Accept customer payment
Process a shipping request
Stock materials
etc.
Please write in outline format.
Name
Step one
do this
do that
do the other
split like this
did they do the needfull?
Step two
...
Deliverable #2 - Visio Document
Create a flowchart of the process. Make sure to use:
Start and end
Diamond decisions
Document symbols
etc.
Flowchart requires at least two decisions
The business process chosen for this task is "Process Sales Order." This process involves receiving and fulfilling customer orders. The narrative and flowchart will outline the steps involved in processing a sales order.
Process Sales Order:
Step 1: Order Receipt
- Receive the customer's sales order through various channels (phone, email, website).
- Verify the accuracy and completeness of the order details, including product, quantity, and delivery information.
- Record the order in the sales order management system.
Step 2: Inventory Check
- Check the availability of the ordered items in the inventory.
- If the items are available, proceed to the next step.
- If the items are not available, inform the customer about the delay or unavailability.
Step 3: Order Fulfillment
- Pick the items from the inventory based on the sales order.
- Pack the items securely for shipment.
- Generate an invoice for the customer, including pricing, taxes, and any applicable discounts.
- Update the inventory records to reflect the reduced quantity of items.
Step 4: Shipping and Delivery
- Determine the appropriate shipping method based on the customer's preferences and the nature of the products.
- Coordinate with the shipping department to arrange for pickup or delivery.
- Provide the customer with the shipment details, including tracking information.
Step 5: Order Confirmation and Follow-up
- Send an order confirmation to the customer, including the invoice, shipping details, and estimated delivery date.
- Follow up with the customer to ensure satisfaction and address any concerns or issues.
The process narrative outlines the sequential steps involved in processing a sales order. It begins with the receipt of the order, followed by checking the inventory availability. If the items are available, the order proceeds to fulfillment, where the items are picked, packed, and an invoice is generated. The inventory records are updated accordingly. The next step involves shipping and delivery, where the appropriate shipping method is determined and coordinated. Finally, an order confirmation is sent to the customer, and follow-up is done to ensure customer satisfaction.
The flowchart visually represents the process using symbols and decision points. It starts with the "Start" symbol and ends with the "End" symbol. Decision points are represented by diamond symbols, indicating different paths based on certain conditions. Each step in the process is represented by appropriate symbols and arrows connecting them in a sequential manner. The flowchart provides a visual representation of the flow and decision points within the "Process Sales Order" business process.
Learn more about Process Sales Order here:
https://brainly.com/question/32156652
#SPJ11
Recently Changed That Conpany Has Experienced About Loblaw Limted
Loblaw Limited is a Canadian food retailer, and any recent changes or developments would be beyond my knowledge cutoff.
To find the most up-to-date and accurate information about Loblaw Limited and any recent changes, I recommend checking reliable news sources, the company's official website, or financial reports for the latest updates on their operations, financial performance, or any significant changes they may have undergone.
Learn more about financial here:
https://brainly.com/question/28319639
#SPJ11
Q2. Hotels compete on quality of services just as much as price. Product differentiation is also key element of the business.
Q2a. Under which market structure would you classify the hotel industry? How important is product differentiation for firms operating in in this market structure? How do these firms set price and output to maximise profits?
The hotel industry can be classified as an example of monopolistic competition, where firms compete on both price and product differentiation. Product differentiation is crucial in this market structure as it allows hotels to create a unique identity and attract customers based on specific features, amenities, and services.
Monopolistic competition is characterized by a large number of firms operating in the market, each offering slightly differentiated products. In the hotel industry, hotels differentiate themselves through various factors such as location, amenities, quality of service, and branding. Product differentiation is important as it enables hotels to create a perceived uniqueness in the minds of consumers, leading to customer loyalty and a degree of market power.
To maximize profits, firms in monopolistic competition analyze the elasticity of demand for their products. They aim to set prices that are higher than marginal cost but below the point where demand becomes highly elastic. This pricing strategy allows hotels to capture a portion of the consumer surplus while ensuring a level of demand that generates revenue. Additionally, hotels may adjust their output levels based on the demand and the costs associated with providing their differentiated services.
Overall, product differentiation plays a vital role in the hotel industry, allowing firms to attract customers, differentiate themselves from competitors, and potentially charge higher prices. Balancing price and output decisions is essential for firms to maximize their profits within the context of monopolistic competition.
Learn more about Monopolistic competition here:
https://brainly.com/question/29617378
#SPJ11
In 2018, Jake's Jamming Music, Inc. announced an ROA of 8.53 percent, ROE of 14.20 percent, and profit margin of 12.7 percent. The firm had total assets of $9.2 million at year-end 2018 Calculate the 2018 value of net income available to common stockholders for Jake's Jamming Music, Inc
To calculate the net income available to common stockholders, we can use the following formula:
Net Income = Total Assets * ROA
Given that the ROA (Return on Assets) is 8.53% and the total assets are $9.2 million, we can calculate the net income as follows:
Net Income = $9,200,000 * 0.0853 = $784,360
Therefore, the 2018 value of net income available to common stockholders for Jake's Jamming Music, Inc. is $784,360.
Learn more about ROA here:
brainly.com/question/30403922
#SPJ11
You put $1,000 into a savings account that pays 5% in annual interest.
1) How much money will you have after 6 years if the account pays only simple interest?
2) How much money will you have after 6 years if the account pays interest compounded annually?
After 6 years, with simple interest, you will have $1,300 in the savings account.
Simple interest is calculated based on the initial principal amount and does not take into account any interest earned in previous periods. In this case, the annual interest rate is 5%, so after one year, you will earn $50 in interest (5% of $1,000). After six years, the total interest earned will be $300 (6 years x $50/year). Adding this interest to the initial principal of $1,000, you will have a total of $1,300.
After 6 years, with annual compounding interest, you will have $1,348.85 in the savings account.
Compound interest takes into account both the initial principal and the accumulated interest from previous periods. With annual compounding, the interest earned each year is added to the principal, and subsequent interest is calculated based on the new total. In this case, after six years, with an annual interest rate of 5%, the compounded interest will amount to $348.85. Adding this to the initial principal of $1,000, the total amount in the account will be $1,348.85.
Learn more about simple interest here:
https://brainly.com/question/30964674
#SPJ11
QUESTION 14 A measure frequently used to evaluate the performance of the manager of an investment center is the amount of profit generated. the rate of return on funds invested in the center. the percentage increase in profit over the previous year. departmental gross profit.
The rate of return on funds invested in the center is a critical measure for evaluating the performance of an investment center manager.
A measure frequently used to evaluate the performance of the manager of an investment center is the rate of return on funds invested in the center. The rate of return on investment measures the ability of a company to generate profit from the funds invested. It is a widely used measure to assess the performance of an investment center manager because it reflects the efficiency of the investments made in the center. A high rate of return implies that the manager has invested the funds efficiently, generating more profit than the cost of capital. A low rate of return indicates that the center is not generating enough profit to cover the cost of capital, meaning that the funds are being wasted. To calculate the rate of return, divide the profit generated by the funds invested in the center, expressed as a percentage. If the result is more than the cost of capital, the investment center manager is doing a good job. If the result is less than the cost of capital, the manager needs to find ways to invest more efficiently or to cut costs to increase profitability.
To know more about frequently visit;
brainly.com/question/17272074
#SPJ11
Which One Of The Following Would Result In An Operating Lease Being Recorded Under IFRS? A. Z. Corp. Has A $500 Lease Payment For 11 Months B. Y Ltd. Is Leasing The Asset For 3 Years, The Useful Life Of The Asset Is 10 Years C. X Inc. Has A Present Value Of Lease Payments Of $56,000 And The Market Value Of The Asset Is $120,000 D. W Co. Has
Which one of the following would result in an operating lease being recorded under IFRS?
a.
Z. Corp. has a $500 lease payment for 11 months
b.
Y Ltd. is leasing the asset for 3 years, the useful life of the asset is 10 years
c.
X Inc. has a present value of lease payments of $56,000 and the market value of the asset is $120,000
d.
W Co. has the option to buy the asset for $1 at the end of the lease
An operating lease would be recorded under IFRS when a company has- C. a present value of lease payments of $56,000 and the market value of the asset is $120,000.
What is an operating lease?An operating lease is a leasing agreement in which the lessor leases an asset to the lessee for a defined period while keeping the ownership of the property. It provides access to leased assets without requiring a long-term commitment. An operating lease is treated as an expense and is recorded in the income statement under the rental expense or lease expense category in the accounting books. It's mainly used for property and machinery that can become outdated or obsolete quickly.
What is IFRS?The International Financial Reporting Standards (IFRS) are a set of accounting standards created by the International Accounting Standards Board (IASB) that are widely used globally to create consistency in financial reporting.
IFRS is used in many countries, including most of Europe, Asia, and Australia. It’s a common language for investors and analysts to compare companies from different countries.
Thus, the correct answer is option c: X Inc. has a present value of lease payments of $56,000 and the market value of the asset is $120,000, would result in an operating lease being recorded under IFRS.
To know more on Lease visit:
https://brainly.com/question/15609473
#SPJ11
Forecasting Assignment on Excel Year-Sales in Units 2 3 4 5 1 528 550 567 571 270 275 280 158 600 288 170 152 283 167 358 155 348 345 359 364 236 Month January February March April May June July August September October November December Yearly 226 182 413 228 187 416 242 194 192 417 239 194 418 126 418 118 122 127 130 275 280 283 284 291 162 171 179 178 165 320 368 400 342 215 3280 240 220 3214 376 265 3460 250 3398 3525 1.The trend line for this data is y=80.2 x + 3134.5. Determine the forecast for Year 6. 2. Given the above data what forecasting technique would be appropriate? 3. Create a forecast using the technique you recommended.
1. Determining the forecast for Year 6 using trend lineThe trend line for this data is y=80.2 x + 3134.5. The trend line equation y=80.2x+3134.5 is in the form of y = mx + b where m is the slope of the line and b is the y-intercept.
Therefore, m (slope) is 80.2 and b (y-intercept) is 3134.5.To determine the forecast for Year 6, we need to plug the value of x as 6 in the above equation and solve it for y. y = 80.2(6) + 3134.5y = 481.2 + 3134.5y = 3615.7 unitsSo, the forecast for Year 6 is 3615.7 units.2. Appropriate forecasting technique for given data.
This technique includes different methods such as moving averages, exponential smoothing, and decomposition.3. Creating a forecast using Time Series AnalysisWe will use the method of Simple Moving Averages to create a forecast for this data.
To know more about forecast visit:
https://brainly.com/question/30167588
#SPJ11
If $871.00 accumulates to $1216.00 in three years, three months compounded quarterly, what is the effective annual rate of interest? The effective annual rate of interest is %. (Round the final answer to four decimal places as needed. Round all intermediate values to six decimal places as needed.)
To calculate the effective annual rate of interest, we can use the formula:
Effective Annual Rate = (1 + (Periodic Interest Rate))^n - 1
Where:
- Periodic Interest Rate is the interest rate per compounding period
- n is the number of compounding periods in one year
Given that the amount accumulates from $871.00 to $1216.00 in three years, three months compounded quarterly, we have:
- Principal (P) = $871.00
- Future Value (FV) = $1216.00
- Time (t) = 3 years and 3 months
To calculate the Periodic Interest Rate, we need to find the number of compounding periods (n) in one year:
n = 12 (months in a year) / 3 (months per compounding period) = 4
Next, we can use the future value and principal to calculate the Periodic Interest Rate:
FV = P * (1 + Periodic Interest Rate)^n
$1216.00 = $871.00 * (1 + Periodic Interest Rate)^4
Solving for Periodic Interest Rate:
(1 + Periodic Interest Rate)^4 = $1216.00 / $871.00
1 + Periodic Interest Rate = (1216.00 / 871.00)^(1/4)
Periodic Interest Rate = (1216.00 / 871.00)^(1/4) - 1
Now, let's calculate the Effective Annual Rate using the formula mentioned earlier:
Effective Annual Rate = (1 + Periodic Interest Rate)^n - 1
Effective Annual Rate = (1 + [(1216.00 / 871.00)^(1/4) - 1])^4 - 1
Calculating the value:
Effective Annual Rate ≈ 0.0712 or 7.12%
Therefore, the effective annual rate of interest is approximately 7.12%.To calculate the effective annual rate of interest, we can use the formula:
Effective Annual Rate = (1 + (Periodic Interest Rate))^n - 1
Where:
- Periodic Interest Rate is the interest rate per compounding period
- n is the number of compounding periods in one year
Given that the amount accumulates from $871.00 to $1216.00 in three years, three months compounded quarterly, we have:
- Principal (P) = $871.00
- Future Value (FV) = $1216.00
- Time (t) = 3 years and 3 months
To calculate the Periodic Interest Rate, we need to find the number of compounding periods (n) in one year:
n = 12 (months in a year) / 3 (months per compounding period) = 4
Next, we can use the future value and principal to calculate the Periodic Interest Rate:
FV = P * (1 + Periodic Interest Rate)^n
$1216.00 = $871.00 * (1 + Periodic Interest Rate)^4
Solving for Periodic Interest Rate:
(1 + Periodic Interest Rate)^4 = $1216.00 / $871.00
1 + Periodic Interest Rate = (1216.00 / 871.00)^(1/4)
Periodic Interest Rate = (1216.00 / 871.00)^(1/4) - 1
Now, let's calculate the Effective Annual Rate using the formula mentioned earlier:
Effective Annual Rate = (1 + Periodic Interest Rate)^n - 1
Effective Annual Rate = (1 + [(1216.00 / 871.00)^(1/4) - 1])^4 - 1
Calculating the value:
Effective Annual Rate ≈ 0.0712 or 7.12%
Therefore, the effective annual rate of interest is approximately 7.12%.
Learn more about Effective Annual Rate here:
https://brainly.com/question/5442201
#SPJ11
What are the departments, functions that can benefit significantly from utilizing an organizations intranet?
Answer:
An intranet can benefit various departments and functions within an organization by providing a centralized platform for communication, collaboration, and information sharing. Here are some departments and functions that can benefit significantly from utilizing an organization's intranet:
Explanation:
Human Resources (HR): An intranet can streamline HR processes by providing a platform for employee self-service, where employees can access and update their personal information, submit leave requests, access HR policies and procedures, and participate in training programs.
Communications: The communications department can use the intranet to disseminate company news, announcements, and updates to all employees. It can also provide a platform for internal blogs, discussion forums, and social networking features to encourage employee engagement and foster a sense of community.
IT Help Desk: An intranet can serve as a knowledge base for IT support, providing self-help resources, FAQs, troubleshooting guides, and a ticketing system for employees to submit IT support requests.
Project Management: The intranet can facilitate project collaboration by offering shared workspaces, document repositories, project calendars, and task tracking capabilities. It enables teams to collaborate more effectively, access project-related information, and monitor progress.
Training and Development: An intranet can host online training courses, e-learning modules, and provide access to learning resources. It allows employees to acquire new skills, participate in virtual classrooms, and track their training progress.
Sales and Marketing: The intranet can serve as a hub for sales and marketing teams, providing access to sales collateral, marketing materials, customer information, and competitive intelligence. It enables better coordination and knowledge sharing among team members.
Operations and Procedures: An intranet can house standard operating procedures, policies, and guidelines for various operational functions within the organization. It ensures that employees have easy access to updated information and promotes consistency in processes.
Knowledge Management: An intranet can be used as a repository for storing and sharing organizational knowledge. It can include wikis, document libraries, discussion boards, and search capabilities to facilitate knowledge sharing and collaboration across departments.
Employee Engagement and Wellness: The intranet can offer employee engagement features such as recognition programs, employee surveys, suggestion boxes, and wellness resources. It helps boost employee morale, foster a positive work environment, and promote work-life balance.
Executive Communication: The intranet can facilitate communication between executives and employees. It can provide a platform for sharing strategic goals, company performance updates, executive blogs, and town hall meetings, fostering transparency and alignment.
These are just a few examples, and the specific benefits of an intranet can vary depending on the organization's size, industry, and unique requirements. Customizing the intranet to meet department-specific needs can enhance productivity, collaboration, and information flow across the organization.
know more about intranet: brainly.com/question/13139335
#SPJ11
Find the future worth of the following cashflow at 7.92% per annum at the end of the term.
End of the year Cash Flow
0 Initial Cost,
P255,434
1 Expense,
P94,594
2 Revenue,
P243,059
3 Savings,
P223,646
4 Income,
P205,083
The future worth of the cash flow at a 7.92% per annum rate is P920,129.51.
To calculate the future worth, we need to apply the interest rate to each cash flow and discount it to the end of the term. Then we sum up all the discounted cash flows.
To calculate the future worth of the cash flow, we use a process called discounting. Discounting takes into account the time value of money, which means that a certain amount of money today is worth more than the same amount in the future due to the potential for investment and earning interest.
In this case, we have cash flows occurring at different time periods (0, 1, 2, 3, and 4 years). We apply the interest rate of 7.92% per annum to each cash flow and discount it back to the end of the term.
Learn more about annum rate here:
https://brainly.com/question/18722165
#SPJ11
when a firm invests in new technology, the _____________________ that the firm receives are _____________________.
When a firm invests in new technology, the benefits that the firm receives are multifaceted and diverse.
Investing in new technology can bring numerous advantages to a firm. Firstly, it can enhance operational efficiency and productivity by automating processes, streamlining workflows, and reducing manual errors. This can lead to cost savings, improved resource allocation, and faster turnaround times. Secondly, new technology can enable firms to stay competitive in the market by offering innovative products or services, adapting to changing customer demands, and exploring new business opportunities. Additionally, technology investments can improve data management, analysis, and decision-making capabilities, enabling firms to gain valuable insights and make more informed strategic choices. Furthermore, new technology can enhance collaboration and communication within the organization, facilitating teamwork and knowledge sharing. Ultimately, these benefits contribute to the firm's growth, profitability, and overall success in the long run.
know more about technologyhere:
https://brainly.com/question/9171028
#SPJ11
