What focuses on the efficient movement of products through effective transport management is the optimization of transport and logistics.
How important is logistics for a company?Transport and logistics are an essential part of the production cycle in an organization, because it is through this process that the product is distributed and reaches the final consumer. The logistics process must be guided by delivery on time, in exact quality and quantity.
Therefore, the optimization of transport and logistics helps to reduce costs and waste and makes the distribution processes occur faster and safer.
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When a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced.
a. True
b. False
It is true that, when a production possibilities frontier is bowed outward, the opportunity cost of the first good in terms of the second good increases as more of the second good is produced.
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different items that may be manufactured with the tools and resources present in use. The PPF efficiently illustrates the notions of choice, alternatives, and shortages.
The PPF's shape depends on whether costs are rising, decreasing, or remaining the very same. It is true because, in accordance with the theory of increasing opportunity cost, opportunity cost would rise as even more units were manufactured if the frontier of production possibilities frontier bowed outward and generated another one.
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during an information asset valuation, what questions should be asked as each asset is assigned to a category?
During an information asset valuation, as each asset is assigned to a category, questions including organization success, revenue, replacement, and liability regarding asset valuation should be asked.
Developing criteria for asset value with the use of questions should be asked as, Which information asset:
Is it most essential to the success of the organization?generates the maximum income or profitability?Which would cost more to replace or safeguard?Would it be the most humiliating or pose the biggest risk if revealed?Asset valuation is the process of figuring out the current worth of a company's assets, such as stocks, buildings, equipment, brands, goodwill, etc. This procedure frequently takes place before you purchase, sell, or insure an asset or as part of a larger corporate appraisal.
Interviewing asset owners is the best technique for identifying assets. The person or organization in charge of the production, development, maintenance, usage, and security of an information asset is known as the "asset owner." They will be aware of how information is handled by their department.
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for the demand function given, find the elasticity at given price and state whether the demand is elastic, inelastic, or whether it has unit elasticity
The correct answer is 11/79: Inelastic. Option A.
To calculate price elasticity divide the change in demand for a product service resource or commodity by the change in price. This number indicates which bucket the product falls into. To calculate elasticity, divide the percentage change in demand or supply by the percentage change in price. The resulting number is the elasticity value of the product.
Durable goods are an example of a product with elastic demand. These are items that are rarely bought, such as washing machines and cars, and can be moved if prices increase. For example, car discounts have been very successful in increasing car sales by lowering prices. To find the price elasticity of demand value, there are mainly three steps he takes. In the first step, the percentage change in quantity is determined by dividing the change in quantity demanded by the new quantity demanded.
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all of the following statements about data mining are true except group of answer choices building the model takes the most time and effort. understanding the business goal is critical. understanding the data, e.g., the relevant variables, is critical to success data is typically preprocessed and/or cleaned before use.
The following statements about data mining are true except the process aspect means that data mining should be a one-step process to results.
Data mining tasks can be classified into three main categories prediction association and clustering. Based on how patterns are extracted from historical data learning algorithms in data mining techniques can be classified as either supervised or unsupervised. Robustness is the ability to make correct predictions or classifications. In the context of data mining, robustness is the ability of a classifier or predictor to make correct predictions from unknown input data.
The main reason for this parallelism is faster analysis. This is typically accomplished by using multiple processors or multiple computers to perform different aspects of data analysis or mining performing tasks in parallel and later aggregating the data into a single report. . Data mining is the process of obtaining knowledge from data or extracting information from large data collections. It also includes several other processes such as data cleansing data transformation and data integration.
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a company made an ordinary repair to a delivery truck at a cost of $1,500. the company’s accountant debited the asset account, equipment. was this treatment an error, and if so, what will be the effect on the financial statements?
The effect on the financial statements - The treatment is incorrect. When an ordinary repair is incurred, it must be charged to repairs rather than equipment.
What is financial statements?
Financial statements are documents that describe a company's operations and financial performance. Government organisations, accounting firms, etc. frequently audit financial statements to ensure accuracy and also for tax, financing, as well as investing purposes. The balance sheet, income statement, cash flow statements, as well as statement of changes in equity are the four primary financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organisations. Financial information is used by investors as well as financial analysts to assess a company's performance and forecast where the stock price will go in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial information.
Because the treatment was entered incorrectly:
Because the expense was not recorded, net income will be overstated on the income statement.
The value of the assets on the balance sheet will increase because the repairs were debited to the asset account.
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Under activity-based costing, a degree program at a university is considered a(n)?
Prior to using activity drivers, activity-based costing uses resource drivers to assign the costs of resources to certain activities.
A technique for allocating overhead costs to various activity cost pools and allocating each of the activity cost pools to specific products or services using cost drivers that identify the activities employed is known as activity-based costing.
Manufacturing cost allocation is typically based on the reasons or causes under activity-based costing. Its use is motivated by this.
Given the foregoing, we can conclude that the It is accurate to say that activity-based costing allows non-manufacturing costs to be assigned to products depending on reason.
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The inability of either side to make significant advances in belgium and france led to __________.
C - the construction and use of trenches. Since either sides failed to make any significant changes in Belgium and France, it led to the construction of trenches. Trenches are a long trench in the ground, especially one used for defensive fortification and frequently topped with scooped dirt.
- More about trenches :
- A trench is a sort of ground excavation that is often narrower than it is long (as opposed to a broader gully or ditch) and deeper than it is wide (as opposed to a simple hole or pit).
- Trenches were constructed in a zig - zag pattern with various along the lines during World War I. So that warriors could travel between the tiers, several routes were dug.
- Trenches do have a barbed wire fence and an embankment at the top. Soldiers dug it up. They are simply referred to as excavations, where the removal of material creates a small gap in the ground.
- In conclusion, because it offers protection from enemy fire and provides cover during combat, it was utilized during the First World War.
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- The complete question is :
The inability of either side to make significant advances in Belgium and France led to __________.
A. the use of tanks and machines guns
B. the construction of airfields
C. the construction and use of trenches
D. a decrease in the use of poison gas
during a typical employee performance appraisal, the employee's supervisor evaluates the employee's work in terms of:
In a typical employee performance appraisal, the employee's manager assesses their work in terms of their contribution to the company.
What exactly is a performance appraisal?How well a worker is doing their job is evaluated and documented through the performance appraisal process. A company's performance management system includes it. Performance reviews are based on how well an employee is doing in relation to goals that were jointly set with his or her manager once a year.
Employees and managers typically check in periodically throughout the year, and the manager gives an overall rating at the conclusion. Employees receive feedback on their work during the appraisal process, which also helps managers decide whether to give bonuses and raise pay as well as pinpoint problem areas. Reprimands or termination may result from persistently subpar performance.
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Which of the following statements about mechanistic organizations istrue?
a. Mechanistic organizations result in lower efficiency, quality, and timeliness.
b. Mechanistic organizations are more responsive to customer feedback.
c. Mechanistic organizations are a bad choice for industries where mistakes and errors can be catastrophic.
d. Mechanistic organizations generally are expected to produce reliability and consistency in internal processes.
e. Mechanistic organizations generally have open structures.
A mechanistic organization is one that has divides between departments, centralized authority, and specialized tasks that operate independently of one another.
In mechanistic organization producers of organic food rely as much as they can on organic ingredients and farming techniques that are physical, mechanical, or biological in nature. Produce can be labeled organic if it was grown on soil that wasn't treated with prohibited substances for three years previous to harvest, according to certification. Artificial fertilizers, pesticides, or herbicides are not used in the production of organic foods. Animals that are fed organic feed and aren't given hormones or antibiotics produce organic meat, eggs, and dairy products. The components and additives in natural foods are not manufactured or artificial. Decentralization or decentralisation is the process through which an organization's operations are disseminated or delegated away from a central, authoritative location or group, particularly those relating planning and decision-making. Last year, we opened a number of regional offices and dispersed our operations. We can now easily decentralize thanks to modern technology.
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how much sales are required to earn a target net income of 200,000 if total fixed costs are 250,000 and the contribution margin ratio is 40%
1125000 sales are required to earn a target net income .
What is a target ?An object aimed at and shot during gunnery practice, often a circle with a pattern of rings, or an object or location at which arrows, bullets, bombs, and other projectiles are aimed:Missed target. Corporate objectives (or business goals) are the incremental milestones that a company sets to achieve the larger goals that make up the strategic objectives of its business plan.It also has more than 1,900 locations in all 50 states and Washington, D.C. 75% of the US population lives within 10 miles of a Target store, known for selling a wide variety of groceries, household items, clothing and electronics.Target market examples are examples of specific consumer groups that are most likely to need a company's products or services. Customers in this group naturally want to buy from you more than any other group of consumers.To learn more about target from the given link:
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the total utility (tu) curve shows the total utility provided by the successive consumption of pizza slices. place points a, b, c and d of the marginal utility curve to depict the marginal utility of pizza slices.
The marginal utility of pizza slices showing points a, b, c, and d is attached below
This is further explained below.
What is the marginal utility of pizza slices.?Generally, The difference between the present total utility and an earlier total utility may be determined by subtracting the current total utility from the earlier total utility.
Calculating the change in units is as simple as taking the current unit amount and subtracting it from the unit amount from before.
It refers to the sum total of happiness that a customer experiences as a result of the consumption of a certain kind of product or service. It is the amount of pleasure gained by a customer from extra consumption of a unit of any specific product or service. Satisfaction may be acquired from the consumption of any particular commodity or service.
The marginal utility of pizza slices, with points a, b, c, and d labeled below, is shown in the attached table.
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The most popular input measure used to determine the progress toward completion?
a. units-of-delivery method.
b. cost-to-cost basis.
c. labor hours worked.
d. tons produced.
The most popular input measure used to determine progress towards completion is the cost-to-cost basis.
Unavoidable expenses or sacrifices to obtain goods or services with the aim of obtaining benefits; expenses for certain activities, purposes, or time, such as shipping, packing, and sales are intended to generate income in the company's income statement, the cost component is a deduction from revenue.
Costs are sacrifices or expenses made by a company or individual with the aim of obtaining more benefits from the activities carried out. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses. In terms of costs, sometimes it is quite inconvenient to distinguish between costs and expenses.
- Costs: a cost in the sense of sacrifices or expenses made by companies or individuals that are directly related to the output or products produced by the company or individual.
- Expenses: a cost incurred by a company / individual which is only as a supporting activity.
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A number of countries in the world have achieved sustained economic growth, defined as a sustained increase in real gdp per capita. In all of these countries, what is the source of this growth?.
Two main causes of economic growth :
1) increase in workforce size
2) increase in worker productivity
Economic growth can be defined because the growth or improvement within the inflation-adjusted marketplace cost of the goods and offerings produced by an economic system over a sure time period. Statisticians conventionally measure such growth as the percent price of growth in the actual gross domestic product, or real GDP.
Extensively talking, there are two major resources of financial growth: growth in the length of the personnel and increase within the productiveness (output per hour labored) of that personnel. Either can increase the general length of the financial system however simplest robust productiveness boom can growth in step with capita GDP and earnings.
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in the product development stage, a firm may choose to create a _______, which is a mock-up of a good made with the materials the firm expects to use in the final product.
In the product development stage, a firm may choose to create a Prototype, which is a mock-up of a good made with the materials the firm expects to use in the final product.
Product development otherwise known as new product administration -- is a succession of steps that involves the conceptualization, design, incident, and shopping of newly built or recently rebranded merchandise or services. Product happening contains a commodity's entire journey from the beginning plan to after the allure display release.
Five steps guide the new product development process for limited trades: idea era, hide, idea development, output growth, and, finally, commercialization. A prototype is a working, conditional version of an amount or duty that trades can use for testing, to promote responsibility, and to introduce to financiers before regularly initiating wider retail.
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Which of the following statements is NOT true regarding a Net Promoter Score (NPS)?
a. The NPS is used to measure satisfaction by asking trainees to rate the likelihood of recommending training to a peer.
b. Trainees are categorized into detractors, permissives, and promotors.
c. The NPS is computed by subtracting the number of distractors from the number of promoters, dividing this number by the number of respondents, and then multiplying by 100.
d. None of the above-each statement is true.
The statement given in option (b) i.e. ‘Trainees are categorized into detractors, permissives, and promotors’ is not true about a Net Promoter Score (NPS).
Net Promoter Score is a metric used to measure customers’ loyalty to and satisfaction with a product or service of how likely they will recommend the service or product to others. Net Promoter Score helps enterprises to address problem areas, improve customers’ experience, keep track of loyalty trends, and generate revenues through upsells and referrals.
Net Promoter Score is a valuable metric to predict the growth of the business. It is because when a company has a high Net Promoter Score, it means that the company has a strong relationship with customers and generates a positive growth cycle.
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after commodore matthew c. perry's arrival in japan in 1853, what flooded the european market and greatly influenced impressionists, such as mary cassatt and edgar degas?
In 1853, under the threat of naval bombardment, American Commodore Matthew Perry coerced Japan into trading with the West. Markets in Europe were flooded with kimonos, fans, and notably woodblock prints by famous Japanese artists.
Japanese art had a greater impact on other painters, such as Edgar Degas and Mary Cassatt than simply supporting their conceptions of painting. Cassatt, who is well-known for her portrayals of mothers and children, drew heavily on the artwork of Utamaro, a predecessor of Hokusai and Hiroshige.
Many of her creations are copies of Utamaro's prints. Both Cassatt and Degas would depict women swimming, similar to Utamaro, and all three artists paid close attention to curved figures and the strength of the line.
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singh sport training currently pays no dividends. the company is anticipating annual dividends of $.03, $.07, $.12, and $.25 over the next 4 years, respectively. after that, the company anticipates increasing the dividend by 2.5 percent per year. to value this stock as of today, an analyst would most likely first determine the value of:
Based on the fact that Singh Sport Training will increase dividends by 2.5% after the 4th year, the first thing an analyst would need to determine before finding the value of the stock is P₄.
How to solve for stock value?When given the dividends that a company plans to pay in future, along with a dividend rate that would be indefinite, you should use the Dividend Discount Model.
Assuming this is the model that would be used by the analyst to determine the value of Singh Sport Training stock, the first thing the analyst would need to do is to solve for the value of the stock on the 4th year.
To solve for this value, the analyst would use the dividend growth rate to find the next dividend, and then divide it by the difference between the Expected return and the growth rate. This value on the 4th year will then be discounted along with the dividends from years 1 to 4, to find the stock value.
Options for this question include:
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show the vegetable market of nepal in pyramid
Due to massive increases in agriculture and production area over the last two decades, per capita vegetable consumption has increased to 105 kg from 60 kg. Nepal has reported 3,243,521 vegetable holdings. Vegetable crops are grown on a total of 232,295 hectares of cultivable land.
What is market?A market is a collection of systems, institutions, procedures, social relations, or infrastructures through which parties exchange goods and services. While parties can barter for goods and services, most markets rely on sellers offering their goods or services to buyers in exchange for money. The exchange of goods and services that occurs as a result of buyers and sellers coming into contact with one another, either directly or through mediating agents or institutions, is referred to as a market.A market is defined as the total number of buyers and sellers in the area or region under consideration. The area could be the entire planet, a country, a region, a state, or a city.To learn more about market, refer to:
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jpl bases budgeted variable manufacturing overhead on 30% of direct labor costs. if direct labor cost is budgeted at $104,500 and fixed overhead is budgeted to be $40,000, total budgeted manufacturing overhead is $
JPL bases budgeted variable manufacturing overhead on 30% of direct labor costs. if direct labor cost is budgeted at $104,500 and fixed overhead is budgeted to be $40,000, the total budgeted manufacturing overhead is $71,350.
All production expenses excluding direct materials and direct labor are included in the manufacturing overhead budget. The data from this budget is added to the master budget's cost of goods sold line item.
The indirect expenses related to producing a product are known as manufacturing overhead.
Calculation of Total Budgeted Manufacturing Overhead:
Overhead = (Direct labor cost * Variable Manufacturing Overhead) + Fixed Overhead
Overhead = (104,500 * 0.3) + 40,000
Overhead = 31,350 + 40,000 = $71,350
Therefore, the Total Budgeted Manufacturing Overhead is $71,350.
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suppose the government decreases taxes. what will happen to disposable income and consumer spending? a. disposable income does not change. falls. increases. b. consumer spending will increase. decrease. not change.
If there is no inflationary or decrement, discretionary cash does not change. Consumer spending rises when the government lowers taxes, falls when taxes rise and remains unchanged if there is no inflationary or decrement.
Total personal income less current income taxes equals disposable income. Personal income less personal current taxes = disposable personal income under national account criteria.
Consumer expenditure is the total amount of money spent by individuals and families on final products and services. Consumer spending is divided into two categories: induced consumption & autonomous consumption.
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simon recently passed away. he owned title to his property in severalty, as a fee simple absolute estate. what will happen to his property?
The property will be distributed to his heirs as specified in his will or by state law of descent.
Is a descendant the same as an heir?
Descendant: one who is related to an ancestor in blood. Children, grandchildren, and great-grandchildren are all descendants. Direct Successor or Subject: one who comes from the deceased's immediate family. Children, grandchildren, parents, and grandparents are all included in this.
What to Take Away When a deceased person did not make a formal will and testament, an heir is the person who is legally entitled to receive an inheritance. Beneficiaries who, taking everything into account, acquire the property are youngsters, relatives, or other direct relations of the decedent.
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when employees are activerly at work on the date coverage can be transferred to another insurance carrier, what happens to caoinsurance and deductibles
They carry over from the old plan to the new plan.
Coinsurance
Coinsurance is the sum that an insured must contribute to a covered claim after the deductible has been met. It is often represented as a fixed percentage. It frequently occurs in health insurance. Coinsurance clauses are included in several property insurance plans. The amount of coverage that the property owner is required to have for a structure in this instance is known as coinsurance.
A coinsurance clause is comparable to a copayment, or "copay," clause, with the exception that copays call for a predetermined payment from the insured at the time of the treatment, whereas coinsurance is a percentage payment.
The 80/20 split is one of the most popular coinsurance arrangements. An 80/20 coinsurance plan requires the insured to pay 20% of the cost of medical care, with the insurer covering the remaining 80%.
However, these conditions only take effect when the insured has paid the full amount of the policy's out-of-pocket deductible. Additionally, the majority of health insurance policies have an out-of-pocket maximum that sets a cap on how much the insured may spend on medical expenses in a certain time frame.
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a nation's real gdp was $200 billion in year 1 and $210 billion in year 2. its population was 120 million in year 1 and 125 million in year 2. what is its real gdp growth rate in year 2?
The real GDP growth rate in year is 5%
What is GDP?
A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a given time period. It serves as a thorough scorecard of a particular country's economic health as a broad indicator of overall domestic production. While GDP is frequently calculated on to an annual basis, it is also occasionally calculated on the a quarterly basis. In the United States, for instance, the government releases an annualised GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in real terms, price changes are taken into account and the data is therefore net of inflation.
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What kind of information would be found in brand specification guidelines?
rules on using specific fonts, colors, logos, and images
rules on web conferencing backgrounds and applications
rules on using specific types of messaging applications
rules on storing and transmitting digital files
The rules on using specific types of messaging applications kind of information would be found in brand specification guidelines. Branding Specifications refers to the guidelines for the Co-Branded Software's design and any supporting materials as outlined in the attachment.
The brand story, logo, colour scheme, typography, image guidelines, and tone of voice are the six key components of the brand guidelines you the develop. They are your Brand Style guidelines genetic code. Some of them might already be in place. brand specification are a crucial tool, regardless of the size of your business, to assist maintain brand consistency without rules.
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Answer: its a
Explanation: the expert answer is so complicated this is simplified answer
creating a vision for others to follow, establishing corporate values and ethics, and transforming the way an organization does business in order to improve its effectiveness and efficiency is the definition of:
The notion of leadership includes establishing a vision that others may adopt, creating corporate values and ethics, and changing how an organization operates to improve effectiveness and efficiency.
Leadership is the capacity of an individual or a group of individuals to motivate and influence subordinates or other team members.
Making wise - and frequently difficult - decisions, outlining and conveying a clear vision, setting realistic goals, and supplying followers with the information and tools required to accomplish those goals are all components of effective leadership.
Nearly every aspect of society, including business, politics, local communities, and regional organizations, needs leaders.
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denny's boss asks him to pick up her dry cleaning. denny believes that this task is not part of the conditions of his employment, and as a result, feels very dissatisfied. his boss has:
Denny' boss has violated her psychological contract with Denny.
What is a psychological contract and why is it important?
The psychological contract is a concept that originated in the 1960s and was later developed by American academic Denise Rousseau
Unlike a formal, codified employee contract, a psychological contract is an unwritten set of expectations between the employee and the employer. It includes informal arrangements, mutual beliefs, common ground and perceptions between the two parties.
It can be seen as:
1. How people are treated within the organization .
2. Friendly firms include giving respect. Addressing everyone with proper and gently.
Therefore , Psychological Contract explains the whole process.
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An economic result of the decrease in population as a result of the black death was.
This terrible disaster was the Black Death. Peasants' salaries did rise as a result of the plague's population decline, though. Peasants started to experience a higher standard of living and more freedom as a result.
What impact did the Black Death have on the economy?
The estimated per capita GDP dropped by 6%, from 1348 to 1349. Similarly, real wages were 9% lower and the estimated per capita GDP fell by 3.3% in 1350 in Spain, where the Black Death also made its appearance there in 1348.
What impact did the Black Death have on the populace?
Even experts who are familiar with the broad strokes find the Black Death to be a surprise. Between 30 and 50 percent of Europe's population perished in the plague. Beginning in 1348 when the plague entered London, between 75 and 200 million individuals perished over the course of a few years.
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two days later, american fashions returned goods that had been sold to the company at a price of $20,000 and complained to amalgamated that some of the remaining merchandise differed from what american fashions had ordered. amalgamated agreed to give an allowance of $5,000 to american fashions. the goods returned by american fashions had cost amalgamated $15,270. no further returns are expected.
The top nation in the field of fashion design is the United States, which is followed by France, Italy, the United Kingdom, Germany, and Japan.
1. Effect on transaction
Inventory balance
a+230000
b-25000
c NE 0
2.General journal Debit Credit
a. Inventory 230000
Accounts Payable 230000
b. Accounts payable 25000 20000+5000
Inventory 25000
c. Accounts Payable 205000 230000-25000
Cash 205000
The top nation in the field of fashion design is the United States, which is followed by France, Italy, the United Kingdom, Germany, and Japan. American fashion, with the exception of formal work wear, is diversified and primarily casual. While recent immigrants' dress, in particular, reflects their many cultural backgrounds, cowboy hats, boots, denim, and leather motorcycle jackets are distinctively American looks.
The hubs of the American fashion business are New York City and, to a lesser degree, Los Angeles. They are regarded as major centers for fashion. Along with Paris, Milan, and London, New York City is regarded as one of the "big four" global fashion capitals.
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generally, open-air markets specialize in one type of goods. cierto falso bargaining is commonplace at outdoor markets. cierto falso you cannot eat in open-air markets. cierto falso a spaniard in search of antiques could search at el rastro. cierto falso open-air markets operate only on weekends. cierto falso a ñapa is a tax on open-air market goods. cierto falso the otavaleños weave colorful textiles to sell on saturdays. cierto falso you can buy works of art in el rastro. cierto falso
Falso some markets offer a mix of products while others specialize in food fashion or used merchandise.
An open-air market specializes in one type of product. Haggling is a common occurrence in open-air markets. You can only find new ones in open-air markets. Spaniards looking for antiques may turn to El He L'Astro. Open air market means a regularly occurring outdoor market where groups of individual vendors sell new or used goods and produce freshly prepared foods handicrafts or other unique items.
The temporary open-air market operates only on Saturday and Sunday weekends and on Mondays which are recognized as national holidays. Free Market. The outdoor street market for cheap and used items. Type Market Marketplace Marketplace Mart. An area of a city where public trading facilities are located. street market. A temporary public market is usually held outdoors on certain days of the week.
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for the same company and the same year, net income on a single-step income statement will be equal to net income on a multiple-step income statement. greater than on a multiple-step income statement. sometimes great than, and sometimes less than, on a multiple-step income statement. less than on a multiple-step income statement.
For the same company and the same year, A. the net income on a single-step income statement will be equal to net income on a multiple-step income statement.
What is a single-step income statement?The single-step income statement shows the entity's total revenue and total expenses with the net income without going into details, unlike the multiple-step income statement.
What is a multiple-step income statement?The multiple-step income statement is a detailed summary of an entity's revenue and expenses with classifications for operating and non-operating items.
For the net income, the multiple-step income statement does not arrive at it without breaking it down into gross profit, operating income, and net income before and after taxation.
Thus, while the single-step and multiple-step income statements are different, they arrive at the same net income for the same company and the same accounting year.
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