C. result in early supplier and supply involvement in design and description
Definition of Supplier Involvement.
In order to improve designs and produce higher-quality results, the supplier management strategy involves involving suppliers at the outset of the product design process to draw on their experience and knowledge.
This idea clarifies the benefits of including suppliers in cross-functional teams at the beginning of the product development process. In order to ensure alignment and accountability throughout the product launch and innovation processes, it also examines the procedure for working with suppliers.
Supplier Involvement, a type of vertical collaboration between supply chain partners, involves the manufacturer bringing the supplier on board early in the product development cycle.
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over armoir, inc. purchased a patent totaling $1,000 for cash during the year and equipment for $10,000 cash. assuming these are the only transactions affecting the investing activities, it will report net cash flows from investing activities of .
The net cash flows from investing activities that Over Armoir will report, will be - $11, 000.
How to find the cash flows from investing activities ?In the statement of cash flows, the cash flows from investing activities will relate to anything that has to do with cash involving the trade of fixed assets, and capital assets belonging to other companies such as stock.
The cash flow from investing activities here would be:
= Purchase of patent + Purchase of equipment
= 1, 000 + 10, 000
= $11, 000
As these were cash outflows, they will denoted as negatives to be - $11, 000.
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porter company is analyzing two potential investments. project x project y initial investment $ 77,470 $ 65,000 net cash flow: year 1 26,500 4,500 year 2 26,500 28,500 year 3 26,500 28,500 year 4 0 20,000 if the company is using the payback period method, and it requires a payback of three years or less, which project(s) should be selected?
The project that should be selected based on the payback method is project X.
Which project should be selected?Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback for Project X = amount invested / cash flow
Payback for Project X = 77,470 / 26,500 = 2.92 years
For project Y:
Amount recovered in year 1 = 4,500 - 65000 = -60,500
Amount recovered in year 2 =-60,500 + 28,500 = -32,000
Amount recovered in year 3 = -32,000 - 28,500 = -3,500
Amount recovered in year 4 = -3,500 + 20,000 = 16,500
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daffy duct, inc. issued 10,000 shares of $1 par value common stock at $10 per share. the journal entry to record this transaction includes:
-$100,000 increase in total stockholder's equity
-$100,000 increase in total assets
stockholder's equity= 10,000*10*1=100,000
Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets. Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. According to Alka Sood, Senior Business Advisor with BDC Advisory Services, "Shareholders' equity tells you a lot about the financial health and stability of a firm and the attitude of the owners toward their business .It can indicate whether the owners are reinvesting."
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how long does the insured have to request the supplemental extended reporting period after expiration of a claims-made cgl?
Within 60 days of the expiration date, the insured must submit a written request for the additional ERP.
Can I use it after the date of expiration?Most foods that are shelf-stable are completely safe. In reality, if the can itself is in good shape, canned products will survive for years (no rust, dents, or swelling). Even while packaged items (cereal, pasta, and cookies) may ultimately go bad or take on an unpleasant flavor, they will still be safe to eat after the "best by" date.
How much past the expiration date is too far?Products like hamburger meat that is from three to five out of season, yolks, and turkey that is one to 2 days out of date are usual (3 to 5 weeks past the date). If you're worried about the safety of the meal, use your nose.
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a stock has an expected return of 6.5 percent, the risk-free rate is 1.1 percent, and the market risk premium is 5 percent. what is the stock's beta?
The stock's beta is 1.08
Expected return = Rf + beta (Rm - Rf)
Rf = risk free rate = 1.1%, Rm - Rf = RPM = 5%
6.5% = 1.1% + beta (5%)
5.4% = beta (5%)
beta = 1.08
Answer : 1.08
Beta is a concept that measures the expected movement of a stock relative to the overall market movement. A beta greater than 1.0 indicates that the stock is more volatile than the broader market, and a beta less than 1.0 indicates that the stock is less volatile.
Stocks with a beta value of less than 1 perform more smoothly because their movements are quieter than the market, but they usually rise when the market rises and fall when the market falls. Securities with negative betas typically move in the opposite direction of the market.
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before contacting your insurance company to find out what it will cost to insure your potential new car, what information is required to receive a valid quote?
Year car made, manufacturer, model and cost are the information which is required to receive a valid quote.
Insurance is a manner to manage your threat. When you purchase insurance, you buy protection in opposition to sudden financial losses. The insurance organisation pays you or someone you select if something terrible occurs to you.
Insurance is a financial protection internet, assisting you and your loved ones get better after some thing horrific happens — including a fire, theft, lawsuit or car twist of fate.
Whilst you purchase insurance, you may get hold of an insurance coverage, that's a prison agreement between you and your insurance issuer.
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during 2022 patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return?
During 2022 Patricia paid interest of $7,000 on the loans and will therefore be able to deduct what amount of the interest paid on her income tax return is 2000$.
What is the Income tax?Income taxes are levied against individuals or groups based on their earnings as well as profits. Income taxes are normally calculated by multiplying tax rates by taxable income. Depending on the characteristics of the taxpayer and their source of income, tax rates may vary.
Businesses and individuals are subject to income taxes (or family units). Personal income taxes are computed based on the earnings received. Typically, it is categorized as a tax because the burden is thought to fall on the people who pay it.
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in short, vcs look for , big markets, and innovative ideas. a. midsize companies b. local companies c. early seed funding d. great teams
VCs are interested in strong teams, sizable markets, and ground-breaking concepts. As a result, choice (D) is the appropriate approach.
What are VCs?A private equity investor known as a venture capitalist (VC) lends money to businesses with strong development potential in exchange for an equity stake. This could involve providing beginning capital or aiding small businesses that want to grow but lack access to equity markets.
An investor who gives start-up businesses funding in exchange for equity is known as a venture capitalist (VC).
New businesses frequently turn to VCs for the money they need to grow and market their products.
Venture capitalists frequently fail because of the risks involved in making investments in startups. However, the returns are significant for those investments that do succeed.
Hence, option (D) is accurate.
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the package shipping industry is dominated by a few large competitors: us postal service, fedex, and ups. this is an example of
The package shipping industry is dominated by a few large competitors: us postal service, FedEx, and ups. this is an example of Pure competition.
What is a pull based strategy?Pull strategy is inventory management that reacts in real time to current consumer demand. Push strategy, which creates inventory ahead of anticipated consumer demand based on projections, seasonal demand planning, and historical trends, is frequently contrasted with it.
A technique of marketing in which a business invests time and money to promote products to customers directly in the hopes that they will desire to purchase them: Using a pull technique necessitates thorough market understanding.
The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.
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investors who acquire preferred stock . (check all that apply.)multiple select question.have preference as to dividendswill always receive more dividends than common stockholdershave preference over creditorshave preference over common stockholders
Investors who acquire preferred stock :
have preference as to dividends have preference over common stockholdersWhat is a Preferred stock?Preferred stock can be described as the component of share capital which can be seen to have any combination of features not possessed by common stock, this could be the properties of both an equity as well as debt instrument, and can be perceived and considered a hybrid instrument.
It should be noted that the Preferred stock can be seen as different type of equity that can be seen as a display of the ownership of a company as well as the right to claim income from the company's operations, hence Investors who acquire preferred stock are those that posses preference as to dividends as well as the preference over common stockholders.
Therefore, option A and D are correct.
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at the walmart warehouse where you are cross-training, boxes packed for shipping are periodically checked to ensure that they contain the items listed on the shipping statement. which form of operational control is this? preaction postaction screening preliminary
a) This could be considered operational control, but it would be more accurately classified as a pre-action control.
A warehouse is a commercial space used to store finished goods and raw materials in industries such as manufacturing and distribution.
A warehouse control system is a tool that controls and manages all of the automated elements in an installation, allowing all of their movements to be coordinated. In other words, it is in charge of automated handling equipment such as miniload systems or AS/RS for boxes, stacker cranes for pallets, sorters, and conveyors.
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what two benefits do global capital markets provide to investors and borrowers? multiple select question. increases the supply of funds for borrowers consolidates the investment opportunities for investors increases the investment opportunities for investors increases the demand for funds for borrowers
The benefit that the global capital markets provide to investors and borrowers is it increases the investment opportunities for investors.
What is a capital market?The difference between a money market and a capital market is that a money market is where short-term debt is purchased and sold, whereas a capital market is where long-term debt or the equity-backed securities are bought and sold. Capital markets direct investors' wealth to entities that can employ it for long-term, productive uses, such businesses or governments making long-term investments. In addition to other responsibilities, financial authorities like the Securities and Exchange Board of India (SEBI), Bank of England (BoE), and U.S. Securities and Exchange Commission (SEC) regulate capital markets to safeguard investors against fraud. The majority of capital market transactions are handled by financial institutions or the treasuries of governments and corporations, however some can be accessed directly by the common public.
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__________ refers to such tactics as paying people to say good things about a product on the Internet or setting up multilevel selling schemes that reward people for directing their friends to a company's website.
viral marketing
Viral marketing refers to strategies like paying customers to promote a product online or building up multilevel marketing programs that pay customers to bring their friends to a business's website.
What characteristics define viral marketing?The aim of viral marketing is to produce engaging content that users share with their social networks. As a result, the message grows exponentially through marketing, cutting down on the amount of money the business must spend promoting its goods while maximizing brand awareness within the target demographic.
How successful is viral advertising?Because it generates the interest and desire necessary to drive demand for a good or service, viral marketing is so effective. It's intended to stir up excitement out of thin air. It multiplies itself by word of mouth and is crucial in today's commercial world.
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when is it appropriate to recognize a liability for an asset retirement obligation? (select all that apply.) multiple select question.
At the inception of the asset's life if a legal obligation exists it is appropriate to recognize a liability for an asset retirement obligation.
How can asset retirement obligations be determined?
Obligations related to asset retirement are originally recorded at fair value in the period in which they are incurred, provided that it is reasonably possible to anticipate the size of the liability. If the ARO occurs over time or as a result of a change in the legislation, determining the proper date of recognition may be difficult.
What does it mean by asset retirement obligation?
An obligation under the law known as an asset retirement obligation is connected to the permanent removal of a long-lived asset from service. At the balance sheet date, the obligation is recorded at the best estimate of the amount needed to pay it off.
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What ensures that both the seller's and buyer's performance meets procurement requirements according to the terms of the legal agreement?
The advantage of control procurements is that they guarantee that seller and buyer performance satisfies the procurement requirements in accordance with the guidelines established by a specific legal agreement. To finish the process, it requires a variety of inputs, tools, procedures, and outputs.
Legally agreements are useful instruments for keeping organizations running efficiently. Business contracts offer the crucial legal safeguards you require for any operation. Contracts not only reduce risk, but also safeguard you and your business by clarifying your rights and responsibilities under each agreement. Contracts and the law controlling them have significant legal ramifications that may affect your company's ability to survive.Legally agreements that have been properly drafted safeguard your company's interests and uphold each party's rights throughout any given transaction. However, verbal agreements can be difficult to enforce because circumstances change, people forget what was said, and disagreements over the specifics of the agreement can arise.
Without a well-written, legally binding contract, defending your company's interests and upholding your rights under one will be much more challenging.
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when analyzing variances, it is most likely that management will direct their attention to: (select all that apply). multiple select question. large and unfavorable variances small and unfavorable variances small and favorable variances large and favorable variances
when analyzing variances , it is most likely that management will direct their attention to large and unfavorable variances.
What are the top three applications of variance analysis?Businesses can use this comparison to assess historical data, keep tabs on costs, and more effectively plan for expenses in the future. Material variance, labor variance, and fixed overhead variance are the three basic categories of variance analysis. Variance in the context of accounting simply means the discrepancy between projected and actual numbers. Favorable variances are defined as increased income and decreased expenses. Unfavorable variations are defined as decreased revenues and increased expenses.
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the tables show the spending and revenue for littleland in 2010. use the tables and other information to answer the questions. spending category value (millions) education $320$320 welfare and social security $890$890 health care $270$270 defense $120$120 payments on debt $170*$170* other $240$240 *this payment covers total interest owed only. revenue category value (millions) income tax $800$800 sales tax $270$270 corporate tax $300$300 social insurance $340$340 gdp in 2010: $7.3$7.3 billion total debt as of 2009: $3.5$3.5 billion how much money (in millions) did littleland need to borrow in 2010 to finance its government spending? $$ million at the end of 2010, what was littleland's debt to gdp ratio? give your answer to the nearest whole percentage point.
In 2010, the Littleland want to borrow $300 million to finance its government spending. At the quit of 2010 what was once Littleland's debt to GDP ratio is 52%.
What determines government spending?The authorities particularly dollars its spending on the economy via tax revenues it earns. However, when revenue is inadequate to pay for expenditures, it inns to borrowing.
Borrowing can be short-term/long-term and entails selling government bonds/bills.
How do you calculate debt-to-GDP ratio?The debt-to-GDP ratio is a formula that compares a country's complete debt to its monetary productivity. To get the debt-to-GDP ratio, divide a nation's debt by means of its gross domestic product
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https://brainly.com/question/28843291#SPJ4sheridan Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (364,000 units) Cost of goods sold Gross profit Operating expenses Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Crane receives a special order for 18,600 toasters at $7.95 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed costs. (a) Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, eg. 5,725. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (45)) Revenues Prepare an incremental analysis for the special order. (Round computations for per unit cost to 2 decimal places, eg. 15.25 and all other computations and final answers to the nearest whole dollar, e.g. 5,725. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cost of goods sold Operating expenses $4,371,000 2,589,600 1,781,400 Net income (b) 841,750 $939,650 Crane Company $ $ Reject Order Should Crane accept the special order? the special order. Accept Order $ Net Income Increase (Decrease)
By analyzing the variance in cost and revenue between two or more choices, incremental analysis is a decision-making method that aids in the selection of the optimum alternative.
What is incremental analysis?To evaluate financial data and arrive at a choice between two or more options, a decision-making tool called incremental analysis is utilized. Businesses utilize incremental analysis to examine any cost variations between different options. By incorporating accounting and financial data into the decision-making process, the technique enables the prediction of results for various alternatives and outcomes. Revenues, expenses, and potential outcomes of the options can all be determined by incremental analysis. The incremental analysis method might be more sophisticated depending on the issue at hand, as seen in the example below, which succinctly demonstrates the principle. To supplement their current revenue streams, Company ABC is thinking about and assessing two new business categories.
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the following data are given for harry company: budgeted production 26,000 units actual production 27,500 units materials: standard price per ounce $6.50 standard ounces per completed unit 8 actual ounces purchased and used in production 228,000 actual price paid for materials $1,504,800 labor: standard hourly labor rate $22.00 per hour standard hours allowed per completed unit 6.6 actual labor hours worked 183,000 actual total labor costs $4,020,000 overhead: actual and budgeted fixed overhead $1,029,600 standard variable overhead rate $24.50 per standard labor hour actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)
The direct labor rate variance is
a.$33,000 unfavorable
b.$5,490 favorable
c.$5,490 unfavorable
d.$33,000 favorable
The direct labor cost variance for the company is $33,000 unfavorable.
What is direct labor cost?An expense that can be clearly and consistently attributed to or linked to the production of a good, the completion of a specific task, or the rendering of a service is referred to as direct labor cost. Additionally, we can say that it represents the price of the labor put in by those employees who really create the product on the assembly line. The steps involved in calculating direct labor costs are arranging the work to be done, outlining the job's requirements in terms of skill, knowledge, and other factors, and matching the jobs to the workers. The payment made to the employee each hour as recompense for the work completed is known as the wage.
Direct Labor time variance = (Actual Hours x Standard Rate) - (Standard Hours x Standard Rate)
= (183,000 x $22 = $4,026,000) - ((27,500 x 6.6)
= $33,000 (unfavorable)
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How is the marketing department involved in the technical and marketing development stage of the product development process?.
They evaluate product prototypes with their intended audience to determine the best marketing strategy for the new product.
What does the product development process entail?All of the procedures required to bring a product from conception to market availability are included in the product development process. This entails determining a market need, studying the competitive landscape, envisioning a solution, creating a product roadmap, creating a minimal viable product, etc.
How significant is the product development process?Before releasing your items on the market, it's critical to use product development strategies to ensure that they provide value for your potential clients, that there is a market for them, and that they are of the greatest possible quality.
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what is the present value of the following? use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. $7,800 in 6 years at 10 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places. $16,500 in 3 years at 7 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places. $25,700 in 9 years at 8 percent? note: do not round intermediate calculations. round your final answer to 2 decimal places.
present value of appendix b
a 5925
b12240
c 14977.6
On the majority of general-purpose calculators, the immediate execution mode of operation—also referred to as the single-step, algebraic entry system (AES)[7] or chain computation mode—is often used. The order of operations in a mathematical expression is not taken into account by the majority of simple four-function calculators, including those found in most early operating systems and the Windows calculator in Standard mode. Instead, each binary operation is carried out immediately after the next operator is pressed. Most contemporary software calculators, notably the Scientific mode in the Windows calculator, contain buttons for brackets and can take operation order into consideration. Scientific calculators also have these features.
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How is the marketing department involved in the technical and marketing development stage of the product development process?.
The most efficient marketing mixture for the fresh product is determined by doing product prototype testing with target consumers.
What purpose does marketing serve?
The benefit of marketing to your company is that it informs consumers about your goods and services, motivates them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.
What are the top five components of a marketing mix?
The five areas where decisions need to be made are PRODUCT, PRICE, PROMOTION, PLACE, and PEOPLE. The 5 Ps are reasonably manageable, but they are always influenced by your corporation's internal and external conditions based.
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refer to scenario 13-4. farmer brown's production function exhibits a. increasing marginal product. b. diminishing marginal product. c. constant marginal product. d. the production function is unrelated to the marginal product.
An economic rule governing production which holds that if more variable enter devices are used along with a sure amount of constant inputs, the normal output might grow at a faster price initially, then at a regular rate, however ultimately, it will grow at a declining rate.
What is supposed by diminishing marginal?Diminishing marginal utility refers to the phenomenon that every extra unit of reap leads to an ever-smaller amplify in subjective value. For example, three bites of candy are better than two bites, but the twentieth chunk does no longer add an awful lot to the ride beyond the nineteenth (and ought to even make it worse).
This property is carefully associated to the notion of diminishing marginal product: if the marginal product of a production characteristic is diminishing for all values of the input, then it is additionally true that the marginal product is much less than the common product (MPL < APL).
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https://brainly.com/question/13889617#SPJ4A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next 3 years. If you pay the entire bill immediately, you can take a discount of 7% from the purchase price. Assume the product sells for $100. a-1. Calculate the present value of the payments if you can borrow or lend funds at an interest rate of 4 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan a-2 Which is a better deal? O Installment plan O Pay in ful b-1. Calculate the present value if the payments on the 4-year installment plan do not start for a ful year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) PV of installment plan b-2. Which is a better deal?
A cash flow's discounted present value is its present value.When we have investment options that have cash flows at various points in time, this is helpful.A common basis for comparison is provided by computing present values in this situation.
The present value of each option must be calculated because cash outflows will occur at different times for each option.
25% down and 25% to go.
The idea of present value states that the same amount of money today will be worth more in the future.To put it another way, money received in the future has less value than money received today.Getting $1,000 today is worth more than $1,000 a long time from now.
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fixed element per month variable element per client-visit revenue $51.2 personnel expenses $36,600 $18.10 medical supplies 1000 6.80 occupancy expenses 12100 1.70 administrative expenses 4800 0.20 the personnel expenses in the planning budget for october would be closest to: group of answer choices $91,264 $86,165 $90,900 $87,314 flag question: question 4 question 4
It is mentioned to calculate the occupancy expenses in the flexible budget for the month of October. Thus, it is calculated by adding the fixed element per month with the actual cost. The actual cost is calculated by multiplying the actual level of activity with the variable element per client. Therefore, the actual cost is $91,264.
Algebraic computations with variables as if they had been express numbers remedy various troubles in a single computation. as an example, the quadratic system solves any quadratic equation through substituting the numeric values of the coefficients of that equation for the variables that constitute them within the quadratic formula. In mathematical good judgment, a variable is either a image representing an unspecified time period of the principle (a meta-variable), or a basic item of the idea this is manipulated with out referring to its feasible intuitive interpretation.
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which of these is not reported on schedule l, balance sheets per books? depletable assets. value of the business. inventories. mortgages, notes, and bonds payable in less than one year.
Basically, a Schedule L - Balance Sheet contains the Assets which equals the Liabilities and Equity (Capital Stock, Paid in Capital and Retained Earnings) that existed in the corporation on the first and last day of the tax year.
A agency is an enterprise—normally a collection of humans or a organization—authorized by way of the country to act as a unmarried entity (a criminal entity diagnosed by means of personal and public regulation "born out of statute"; a prison character in criminal context) and recognized as such in law for certain functions.[1]: 10 Early included entities had been installed by using charter (i.e. via an ad hoc act granted by way of a monarch or handed by means of a parliament or legislature). most jurisdictions now permit the advent of recent corporations via registration. corporations are available in many differing types however are usually divided by using the law of the jurisdiction wherein they may be chartered based totally on factors.
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if congress wanted to implement a tax cut during a recession but had to keep a balanced budget, what would they need to do?
Taxes would need to go up while spending would need to go down in order to maintain a budget deficit during a downturn, which would further weaken aggregate demand and prolong the downturn.
Explain what taxes are.How Do Taxes Work? Taxes are compulsory payments made by a government organization, whether regional, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Medicaid as well as public infrastructure and services like roads and schools.
What distinguishes tax from taxation?All involuntary levies, including estate taxes, capital gains taxes, and income taxes, are referred to as "taxation." Although the term "taxation" can apply to both an act and a word, it is most commonly used to refer to the ensuing income.
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from the perspective of an odm, what are the pros and cons of entering into an arrangement with iuiga? what are some actions that an odm could take to mitigate these cons? why would these proposed actions provide appropriate mitigation?
ODM (Original Design Manufacturer) (Original Design Manufacturer) This type of manufacturing is also known as private labelling. With ODM, you contact a manufacturer of an existing product.
Typically through a site like manufacturing , and have the product branded with your company's name and logo. You can sometimes request changes. The ODM owns the "rights" to the product because it was designed by it. Example: Phone cases and chargers are examples of ODM-created products, which are more common in the food industry . ODMs allow a company to bring a product to market without having to completely design the hardware or invest in production facilities.
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Home Depot contracts with Drills-R-Us for an order of custom power washers with the Home Depot logo printed directly on the washer. Drills-R-Us sends Home Depot a merchants confirmation memo with all of the essential terms, including the price, quantity, delivery dates, standard terms and conditions, as well as a signature line, and specifies that the offer shall remain open for a period of ten days.
A week after receiving the offer, Home Depot sends back a signed version of the confirmation memo with two changes: first, the price Drills-R-Us quoted Home Depot at was $120 per drill; Home Depot’s version crosses out the original price, and now states that the cost is $100 per drill. Second, Home Depot also includes an express warranty provision that was not part of Drills-R-Us’ original memo, which states that "Drills-R-Us expressly warrants that its products are free of any defects, and all drills must conform to the design specifications set forth in the parties’ initial meeting." The parties have no further discussions after these memos are sent. Which of the following options best describes the parties’ new agreement?
Group of answer choices
Neither the new price nor the express warranty provision become part of the agreement under UCC §2-207, as Drills-R-Us never agreed in writing to the changes in the memo, so the cost of the drill remains at Drills-R-Us’ price of $120 per drill.
Both the price and the express warranty provision which Home Depot added become part of the Agreement under UCC §2-207 because both parties are merchants and Drills-R-Us did not indicate that acceptance is conditional on agreeing to the specific terms in the memo.
The price provision is added to the memo as a new term at Home Depot’s cost of $100 per drill, whereas the express warranty provision does not become part of the memo under UCC §2-207.
The price provision is cancelled out and courts will replace this with a "gap filler" provision based on the market price, whereas the express warranty provision is added to the memo as a new term under UCC §2-207.
A legally binding agreement between 2 or more entities known as a contract imposes a duty to do (or refrain from doing) something specific.
What are contracts, and what other kinds are there?A contract may be unilateral, bilateral, conditional, voidable, express, implicit, executed, or executory, among other sorts. Based on quasi-contract, it can be broadly categorized.
What is an invalid contract?If an agreement cannot be enforced in its original form, it may be ruled void. Such agreements are void contracts (sometimes known as "void agreements") since they are either unlawful in nature or go against fairness and public policy.
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entrepreneurship combines the creativity, business smarts, passion, and work of the traditional entrepreneur with a social mission. a.nascent b.contemporary c.conventional d.social e.modern-day
A modern-day social mission is combined with the creativity, business acumen, passion, and work of the classic entrepreneur in entrepreneurship. Basically, starting, running, and managing a new business constitutes entrepreneurship.
What is entrepreneurship?To earn money while assuming financial risk. In order to produce goods or services for a profit, capital and labor are combined through entrepreneurship. By establishing a company to carry out their idea, entrepreneurs make their dream a reality. Entrepreneurs are essential to market economies since they may be the engine of the country's economic growth. By creating new products and services, they promote job growth by stimulating new employment.
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