For financial reporting purposes, the allowance approach is necessary when bad debts are significant. It has three crucial characteristics During the same accounting period that sales occurred, uncollectible accounts receivable are estimated and compared to sales.
The allowance technique is setting aside a reserve for anticipated future bad debts. The reserve is calculated as a percentage of the sales made during a reporting period, with the percentage of sales possibly being adjusted for client risk.
How much cash a company should set aside for potential future bad or unrecoverable customer debt is determined using the allowance technique. It takes into account the price of the losses a business anticipates from giving customers credit.
It multiplies the accounts receivable by the relevant percentage for the aging period, puts those two sums together, and uses that result to estimate the allowance for dubious accounts.
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How is process control generally implemented in manufacturing and in services? describe the similarities and differences
Key monitoring and investigating tools of process control include:
HistogramsCheck SheetsPareto ChartsCause and Effect DiagramsDefect Concentration DiagramsScatter DiagramsControl ChartsProcess control is employed in "batch processing" as well as continuous production, which includes manufacturing and other sectors and businesses where a certain type of material is produced without interruption. It's utilised to autonomously regulate the manufacturing environment, assuring higher quality and productivity.
Process control is utilised in the field of wastewater management, for instance, which entails the uninterrupted and continual treatment of sewage and greywater.
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The major use of the matrix as a tool in international location strategy is to?
The major use of the matrix as a tool in international location strategy is to indicate the relative placement of countries in terms of attributes.
A crucial component of a company's success is being in the ideal location. Location frequently affects a company's bottom line and overall profitability. A location strategy is a plan for finding the best site for a business by determining the needs and goals of the organisation and looking for locations with amenities that meet these needs and goals. This typically means that the company will work to maximise opportunities while lowering costs and risks.
A matrix structure combines two or more distinct organisational structure types. It is a way to build up the company's structure so that reporting linkages are established as a grid or matrix rather than in the conventional hierarchy.
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A(n) ________ is an internet business model that sells products directly to consumers or to individual businesses.
Answer:
An e-tailer
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In comparing money to a share of microsoft stock held by an individual, we can say:_______.
In comparing money to a share of Microsoft stock held by an individual, we can say, only the money is a means of payment, but both are stores of value.
In order to serve as a medium of exchange, money is very widely accepted as a method of payment. When comparing money to a share of Microsoft stock which is held by an individual, it can be said that money is a means of payment, but here the stock and money both are stores of value.
As a store of value, money is not unique as there are many other stores of value exist, such as stocks, land, works of art etc. Money may not even be the best store of value because it depreciates with inflation.
Hence, money is a means of payment, but together with money, stocks can also be stores of value.
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According to the book, _____ is(are) a source of valuable information for new business owners trying to choose a location for their business
According to the book, commercial real estate firms are a source of valuable information for new business owners trying to choose a location for their business.
Process of choosing a business location is one of the most important aspects of starting a small business. If you are running a small retail or restaurant operation especially , finding the right location means everything for the owner of the restaurant. It can dictate the foot traffic, business atmosphere as well as the long-term success for your small business.
Finding the right location for your business means understanding the right qualities to look for in a potential space. Analyzing the area, reading about potential customer demographics, and n also considering where competitors are located are all important aspects to finding and choosing the right location.
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What process involves determining everyone involved in the project or affected by it, and determining the best ways to manage relationships with them?
Identifying stakeholders involves determining everyone involved in the project or affected by it, and determining the best ways to manage relationships with them.
Identifying stakeholders process involves identifying and documenting all the stakeholders on the project, which includes their interests, impact, and potential negative influences on the project. Here, the project charter is he main output of identifying stakeholders process.
Identifying stakeholders involves determining the best ways in order to manage relationships with them. Thus, identifying stakeholders is the first process of the initiating process group which can include top management, project managers, and other functional managers.
Hence, identifying stakeholders is an important process.
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One definition of information structures is that they are a way of organizing information. True or false?.
It is false that one definition of information structures is that they are a way of organizing information.
Why do we need information?Information is giving details about an event or something to people through various means like internet, radio, television, etc.
The purpose of information is to enable us know wrong from right. We also use information to make decisions and judgment calls.
Hence, It is false that one definition of information structures is that they are a way of organizing information.
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Goals for a successful Six Sigma Project include all of the following EXCEPT: Select one: a. A strong project statement b. Keeping within scope. c. A high level of scope creep d. An attainable end-goa
Goals for a successful Six Sigma Project include all of the following EXCEPT a high level of scope creep. Option 'C' is the correct answer.
The Six Sigma approach places a strong emphasis on improving customer requirements knowledge and removing waste and faults.
These goals are accomplished by having a thorough understanding of engineering, project management, statistics, and the underlying systems and processes.
Regarding objectives, Six Sigma aims to:
The six sigma methodology's core focus is quality, which includes initiatives aimed at removing flaws and cutting down on waste that happens during the production of goods or services.Productivity is the tiny incremental improvements in the manufacturing process that most firms and organizations want to achieve. Six sigma productivity seeks to reduce cycle time to maximize efficiency. The whole amount of time spent on one processing operation is known as a cycle time.Variability is the difference between a service or product's actual output and the standard that was intended. By lowering the uncertainty that could result from random or non-random variation, six sigma variability is managed.Hence, Option 'C' is the correct answer.
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Consumers benefit from productive efficiency by paying the ______ product price possible under the prevailing technology and cost conditions, causing firms to earn only ______ profit.
Consumers benefit from productive efficiency by paying the lowest product price possible under the prevailing technology and cost conditions, causing firms to earn only normal profit.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency. The production of another product would have to be reduced in order to produce any additional units after a business or market reaches productive efficiency.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance output of one good without reducing production of another is referred to as productive efficiency in microeconomic theory.
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Anita sells stuffed bunnies and puppies to a toy store. she sells each bunny for $8.00 and each puppy for $10.00. this week, anita wants to sell more than 30 stuffed animals and needs to earn a minimum of $450. which system of inequalities can anita use to determine the number of stuffed bunnies, x, and stuffed puppies, y, that she can sell to meet her goals?
The correct answer is x + y > 30 8x + 10y ≥ 450.
What exactly is inequality?
An inequality exists when two or more expressions are not equal and there is a greater than (>), greater than or equal to (≥), less than (<), or less than or equal to (≤) sign between them.
How can Anita figure out how many stuffed bunnies she can sell to achieve her objectives? What system of disparities may she use?
In accordance with the issue,
Each rabbit costs $8.00.
Each puppy costs $10.00.
If there are x stuffed rabbits, then there are also y stuffed puppies. The sum of the money that Anita will make is equal to 8x + 10y.
Anita wants a minimum salary of $450, which is 8 times plus 10 years.
Once more, the issue is that Anita wants to sell more than 30 plush animals. x + y ≥ 30.
Therefore, x + y > 30 8x + 10y ≥ 450.
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For a person who travels often, the main consideration in purchasing a computer would be?
For a person who travels often, the main consideration in purchasing a computer would be portability.
What does portability mean in it?
If a computer program can be used in an operating system other than the one it was designed for without requiring extensive rewriting, it is said to be portable. The process of porting entails carrying out any work required to enable the computer software to function in the new setting.
What are the most important considerations when comparing computer systems?
The speed and storage capacity of the computer are among the more crucial factors. These factors are categorized under the term "computer specifications," which is used to describe how well a computer will function.
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In alan blinder's major study of business practices, what proportion of companies reported economies of scale (falling unit costs)?
According to Alan Blinder, 11% of companies reported economies of scale. economies of scale mean the cost of production decreases with the increase in the production output. According to Alan Blinder monopoly companies and other big companies with huge production units enjoy economies of scale
Economies of scale refer to the phenomenon in which the average cost per unit of output decreases as the size or scale of the output produced by a firm increases.
This is an example of a natural monopoly. The most efficient number of companies is one. Further economies of scale arise when manufacturing complex products such as automobiles. The manufacturing process involves various complex steps.
There are two types of economies of scale: internal economies of scale and external economies of scale. Internal economies of scale are firm-specific or internally created, while external economies of scale arise from larger changes outside the firm. Both lead to a lower marginal cost of production, but the net effect is the same.
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What do economists use to describe the amount of good x that will be purchased at different prices of good x, at different prices of related goods, and at alternative income levels?
Demand Function : The demand function for good X describes how much X will be purchased at alternative prices of X and related goods, alternative levels of income, and alternative values of other variables that affect demand.
What is Demand Function?Demand function represents the relationship between the quantity demanded for a commodity (dependent variable) and the price of the commodity (independent variable).
Demand Function Formula
Mathematically, a function is a symbolic representation of the relationship between dependent and independent variables.
Let us assume that the quantity demanded of a commodity X is Dx, which depends only on its price Px, while other factors are constant. It can be mathematically represented as:
Dx = f (Px)
However, the quantitative relationship between Dx and Px is expressed as:
Dx = a – b(Px)
Where a (intercept) and b (relationship between Dx and Px) are constants.
Types of Demand Function
There are Two types of demand function are:
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What emphasizes extensive user involvement in the rapid and evolutionary constructio?
RAD methodology emphasizes extensive user involvement in the rapid and evolutionary construction.
A software design approach called RAD was created to combat the rigidity of other conventional software development models, which make it difficult to make changes once the initial development is finished.
Only when a system can be modularized to be deployed incrementally should RAD be employed. If there is a large pool of designers who are available for modeling, it should be employed. Only if the budget allows for the usage of automated code generation tools, should it be employed.
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Describe how effective employee relations techniques prevent the need for unionization.
Employees join unions because of their discontent with how management regales employees and a belief that the union can create conditions in the workplace better.
What is unionization?
Joining together in unions allows workers to negotiate for higher wages and advantages and enhance conditions in the workplace. There exist millions of union members in America from all walks of life.
Employees join unions because of their discontent with how management regales employees and a belief that the union can create conditions in the workplace better. While pay and advantages exist often hot topics in union organizing tactics, employees are most affected to join a union when the company is scented to be unfair, unresponsive, or presenting substandard working conditions to employees.
Employers that minimize employee dissatisfaction can also minimize employees’ passion for union representation. Strategies that help discourage union approval are:
Fair and consistent procedures and practices.Open door management procedures.Competitive compensation and benefits.Employee confidence and recognition.A workplace that fosters sound relationships between management and employees and addresses employee relations exists much less likely to force employees to union miniature for assistance.
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When assessing for criteria that signify malnutrition risk, which element would most likely be included as part of the functional assessment data?
Generalized weakness element would most likely be included as part of the functional assessment data.
What is Generalized weakness?You have generalized weakness if you feel weak in most of your body. Another sort of weakness may affect only one or a few muscles. You may feel weak and exhausted after engaging in excessive exertion, such as a lengthy hike. This is not a major issue. It frequently goes away on its own.
Generalized weakness is frequently associated with fatigue2 or low blood pressure. It may also be related to endocrine issues. Several medical publications have linked several illnesses to acute weakness noticed in the emergency room.
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When designing a management support system, using a(n) ____ can help reduce frustration.
When designing a management support system, using (n) Progress bars acan help reduce frustration.
A progress bar is a graphical control used to show the progress of advanced computer operations, such as: B. Download, file transfer, or install for visualization. Graphs may be accompanied by text representing progress in percentage format.
A progress bar is used to indicate the progress of a task. For example, when uploading or downloading something from the internet, it's a good idea to show the download/upload progress to the user. Android has a class called ProgressDialog that can be used to create a progress bar.
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Mass marketing means that products and promotions are developed in order to please?
Mass marketing means that products and promotions are developed in order to please large groups of people.
Marketing is the process of researching, creating and offering value to meet the needs of a target market for goods and services.
Marketing, which may involve target audience selection, is the set of activities, institutions and processes for creating, communicating, delivering and exchanging offers of value to customers, clients, partners and society at large .
In short, actions taken to draw attention to a company's offerings. This may be physical goods for sale or services provided. Common examples of workplace marketing include TV commercials, roadside billboards, and magazine ads.
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Is a way of thinking and a method of investigating the world in a systemic manner?
Science is a way of thinking and a method of investigating the world in a systemic manner.
"systematic knowledge of the physical or material universe gathered through observation and experimentation" is how science is described. The result of combining these two definitions is "systematic knowledge of the physical or material universe obtained through observation and experimentation" that is applied to "a person.
Science can benefit business more by enhancing current supply and production systems than by creating new products. But through the open interchange of ideas, science has much more to offer business (and business, in turn, may advance science).
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Why do many firms have have a policy of giving first consideration to current employes?
Cost benefit and employee motivation are the prime reasons for the policy of the firms giving first consideration to current employees. Company policies are put in place to define the behavior expectations inside an organization and to outline the duties of both the employers and employees.
The administration of firm policies and processes aims to safeguard both the business interests of employers and the rights of employees. Various policies and procedures set the guidelines for employee behavior, attendance, dress code, privacy, and other areas connected to the terms and circumstances of employment depending on the needs of the firm.
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The keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are?
The keynesian contention that the short-run aggregate supply curve is horizontal is based on the assumption that there are "the horizontal region of the aggregate demand curve where there is a surplus of capacity and unemployment."
What is aggregate demand curve?The relationship between overall price level and aggregate demand is depicted by the aggregate demand curve.
The cause of the downward sloping aggregate demand curve from left to right is-
Real income effect: The real cash balance impact refers to the fact that as prices decline, real income increases and consumers can purchase more of their wants and needs.Balance of trade effect: A decline in Country X's relative price level could increase the cost of goods and services produced elsewhere, leading to an increase in exports and a decrease in imports. Imports are a withdrawal, whereas exports are an infusion.Interest rate effect: Whereas if central bank does have a specific inflation objective, low price inflation could result in a drop in interest rates. Less motivation to save is created by lower interest rates, which may also lead to the depreciation of the currency and an increase in exports.To know more about aggregate demand curve, here
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By when must a broker deposit escrow funds if the sales associate receives them on a tuesday?
correct option is C
When a broker deposit escrow funds if the salesperson receives them on a Tuesday
What is broker deposit?Individual investors favor brokered deposits because they frequently have better interest rates than other types of investments. The brokered deposits are often large-denomination and are frequently sold by a bank to a deposit broker, who subsequently divides the deposit into smaller pieces for sale to their clients.
What is Escrow Accounts?Your lender will set up an escrow account to pay for your taxes and insurance when you buy a home. After closing, your mortgage servicer deducts a portion of your monthly mortgage payment and places it in an escrow account until your tax and insurance obligations are due.
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I understand that question you are looking for is:
By the end of business on what day of the week must the broker deposit the funds into her escrow account?
A. Friday
B. Monday
C. Tuesday
D. Wednesday.
Why are credit cards not included in the money supply even though they can be used easily for transactions?
The reason credit cards not included in the money supply is the Federal Reserve incorporates financial assets like funds and deposits when determining the money supply. Credit card debts, on the other hand, are liabilities. A credit card is a small, rectangular piece of plastic or metal that is issued by a bank or other financial institution and enables its holder to borrow money to pay for products and services.
At businesses that accept credit cards. Credit cards impose the need that cardholders repay the borrowed funds, plus any applicable interest and any other agreed-upon charges, in full or over time, either by the billing date or at a later date.
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When clients’ fees for services are paid through a third-party payment system, the most likely source for this funding is (are)?
When clients’ fees for services are paid through a third-party payment system, the most likely source for this funding is insurance reimbursement.
Reimbursement Policies are those insurance policies in which the insured must first pay losses from out-of- his pocket and then seek reimbursement for any covered loss from the insurer.
It is opposite to the policies in which the insurer is required to "pay losses on behalf of" an insured to third party.
A reimbursement of the insured occurs only when an insurance company refunds an amount of money which it owes to a policyholder. This refund could be for losses which the insured has experienced and that the insurance company which are legally responsible for the handling, for the expenses incurred by the policyholder, or for some other reasons.
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At the __________ stage of transforming raw materials into finished goods, managers typically use __________ control methods to determine customers' reactions to the organization's goods and services.
At the conversion stage of transforming raw materials into finished goods, managers typically use concurrent control methods to determine customers' reactions to the organization's goods and services.
What is a raw materials?Raw material seems to be a basic resource that is used create items, completed goods, power, or transitional resources that are fodder for upcoming finished products. It is additionally referred to as a fuel, untreated material, or main item.
In the input phase of the method of changing the raw product, the managers usually employ feedforward supervision. Taking care of issues when they arise.
Concurrent control provides managers with real - time updates on how effectively inputs are being converted into outputs during the conversion step, allowing managers to address issues as they arise.
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A form which records the check amount, date, payee and purose of the check is called a:_______
A form that records the cheque amount, date, payee and purose of the check is called a debit.
A cheque, or take a look at (American English; see spelling variations), is a report that orders a financial institution (or credit union) to pay a particular amount of money from a person's account to the person in whose name the cheque has been issued.
The character writing the cheque, referred to as the drawer, has a transaction banking account (often called a cutting-edge, cheque, chequing, checking, or proportion draft account) wherein the cash is held. The drawer writes diverse information inclusive of the monetary quantity, date, and a payee on the cheque, and symptoms it, ordering their bank, known as the drawee, to pay the amount of money said to the payee.
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Answer: check stub
Explanation:
______ is a tool that reminds managers to look at several distinct categories in the macro environment.
Pestel is a tool that reminds managers to look at several distinct categories in the macro environment.
What is the macro environment?This is the term that is used to refer to the environment that is made up of the major forces that are both external and also uncontrollable that is used to influence the decision making process of a firm.
The macro environment is made up of such factors such as demographics, economy, technology, political and a lot more of other factors. They are used to control the decision making process in the nation. It is also referred to as the environment at large
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The law of supply states that as the price of a good declines, the quantity supplied of that good remains the same. decreases. increases. disappears.
The law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
What is the law of supply?This economic law states that other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease directly related.
Hence, the law of supply states that as the price of a good declines, the quantity supplied of that good decreases as well.
Therefore, the Option D is correct.
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Answer:
B. decreases
Explanation:
The law of supply states that as the price of a good declines, the quantity supplied of that good?
Moving along a country's ppf, a reason opportunity costs increase is that?
The increasing opportunity costs as country move along a production possibilities frontier (PPF) are a result of the resources.
In macroeconomics, the production possibilities frontier is the set of points at which a country’s economy is most efficiently allocating its resources to produce as many goods as possible. If production is on the production possibilities frontier, the country can only produce more of one good if it produces less of some other good.
If the economy is producing less than the quantities indicated by the production possibilities frontier, this is a sign that resources are not being used to their full potential. In this case, it is possible to increase the production of some goods without cutting production in other areas.
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In perfectly competitive markets, if the price is _______ , the firm will _______
In perfectly competitive markets, if the price is greater than average total cost , the firm will make a profit.
According to economic theory, perfect competition exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
A perfect market, also known as an atomistic market, is defined by various idealizing conditions, which are together referred to as perfect competition, or atomistic competition, in economics, specifically general equilibrium theory.
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