China is the dominant member of OREC. When both firms collude both will end up with choosing Low output because it increases payoff of both firms.
What is OREC?The Organization of Rice Exporting Countries (OREC) refers to an initiative by a small number of South-East Asian countries to establish an eponymous organization. Cambodia, Laos, Myanmar, Thailand, and Vietnam comprise the group in alphabetical order.
Critics believe that a rice cartel will be detrimental to those who establish it since rice producing countries could be able to extend their acreage under cultivation with in medium to long run. Members of the cartel may thus lose today's rice export markets, as governments strive for increased domestic production in order to attain food self-sufficiency.
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what determines the slope of the aggregate expenditures line? group of answer choices government spending business investment the difference between government revenue and government spending the marginal propensity to consume
The sum of all costs incurred by the economic elements of consumption, government spending, net exports, and investment over a certain time period is known as aggregate expenditure. At each income level, it typically displays the total amount of money that people and companies anticipate to spend on goods and services.
What influences the slope of the line representing total expenditures?The ratio of the change in aggregate spending to the change in real gross domestic product between two points on the line yields the slope of the aggregate expenditure line. The slope is used to quantify the additional spending brought on by an increase in real GDP. Induced expenditures that are dependent on output or revenue are what lead to a positive slope. An increase in income in the overall economy leads to more spending, which raises the slope's positive value.
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which aspects of supply chain management are especially important for small businesses? (select all that apply.)
A strategy's development, sourcing raw materials, production, distribution, and returns are the five most important aspects of SCM. Cost management, cost reduction, and avoiding supply shortages are the responsibilities of a supply chain manager.
How does SCM work?
From the acquisition of raw materials to the delivery of the product at its final destination, supply chain management (SCM) is the management of the flow of goods, data, and finances associated with a product or service.
What is a system for managing the supply chain?
To put it succinctly, it refers to the software that your business employs to oversee the movement of any product or service, including raw material procurement and final delivery, as well as the flow of data, resources, and goods.
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during the year 20x1, alenikov company had net credit sales of $2,020,000. past experience shows that 1.5 percent of the firm’s net credit sales result in uncollectible accounts. equipment purchased by fronke consultancy for $42,500 on january 2, 20x1, has an estimated useful life of 8 years and an estimated salvage value of $3,500. what adjustment for depreciation should be recorded on the firm’s worksheet for the year ended december 31, 20x1? on december 31, 20x1, moloney plumbing supply owed wages of $12,200 to its factory employees, who are paid weekly. on december 31, 20x1, moloney plumbing supply owed the employer’s social security (6.2 percent) and medicare (1.45 percent) taxes on the entire $12,200 of accrued wages for its factory employees. on december 31, 20x1, moloney plumbing supply owed federal (0.6 percent) and state (5.4 percent) unemployment taxes on the entire $12,200 of accrued wages for its factory employees. for each of the above independent situations, prepare the adjusting entries that must be made on the december 31, 20x1, worksheet. (round your answers to 2 decimal places.)
The required adjusting entries that must be prepared on the December 31, 20x1, worksheet are as follows:
Adjusting Journal Entries:Debit Bad Debts Expense $30,300
Credit Allowance for Uncollectible $3,030
Debit Depreciation Expense $4,875
Credit Accumulated Depreciation $4,875
Debit Wages Expenses $12,200
Credit Wages Payable $12,200
Debit Employer's Social Security $756.40
Debit Employer's Medicare $176.90
Credit FICA Payable $933.30
Debit FUTA $73.20
Debit SUTA $658.80
Credit FUTA and SUTA Payable $732
Transaction Analysis:Bad Debts Expense $30,300 Allowance for Uncollectibles $3,030 ($2,020,000 x 1.5%)
Depreciation Expense $4,875 Accumulated Depreciation $4,875 [($42,500 - $3,500) ÷ 8]
Wages Expenses $12,200 Wages Payable $12,200
Employer's Social Security $756.40 Employer's Medicare $176.90 FICA Payable $933.30
FUTA $73.20 SUTA $658.80 FUTA and SUTA Payable $732
Thus, at the year-end, these adjusting entries must be made to ensure that accounting records comply with the accrual concept, which recognizes relevant transactions whether cash movement is involved or not.
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when depreciating real property under macrs, the recovery rates are based on which of the following methods?
when depreciating real property under macrs, the recovery rates are based on Straight-line.
Recovery Rate: What Does It Mean?The proportion of defaulted debt that a lender can recoup is known as the recovery rate. Furthermore, it refers to a security's value after it has recovered from bankruptcy or default. Setting the conditions and interest rates for future credit transactions benefits from having an idea of how much debt you can recover. Lenders are able to precisely account for risk thanks to it. In comparison to junior debt, senior debt has a higher recovery rate. The business capital structure, the nature of the debt instrument, the degree of debt, and macroeconomic concerns are other variables that affect the recovery pace.
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what provides the information needed to assess discretionary policy and determine whether it is expansionary, contractionary, or neutral?
Expansionary or "loose" fiscal policy is defined as one that directly boosts aggregate demand through an increase in government spending. The opposite is...
What kind of policy is implemented to combat an expansionary or contractionary recession?Recessions are treated by expansionary fiscal policy. reducing aggregate demand through fiscal policy in order to constrict the economy, which will result in reduced output, increased unemployment, and a lower price level. To correct booms, fiscal policy is contracted.
What are some instances of fiscal policy that is expanding and contracting?When the Congress takes action to lower tax rates or increase government expenditure, the aggregate demand curve is moved to the right. This is known as expansionary fiscal policy. When Congress increases tax rates or reduces government expenditure, the shift in aggregate demand is known as a contractionary fiscal policy.
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a corporate bond that you own at the beginning of the year is worth $975. during the year, it pays $35 in interest payments and ends the year valued at $965. what was your dollar return and percent return? $ (whole number) and % (calculate to 2 decimal places)
Dollar Return = $25
Percent return = 2.56%
Dollar Return = Capital gain + Income = $965 − $975 + $35 = $25
Percent return = $25 / $975 = 2.56%
The amount that is actually gained or lost as a result of an investment is known as the dollar return. The percentage return, on the other hand, calculates a gain or reduction in relation to the initial investment amount.
In its most basic form, a return—also referred to as a financial return—is the amount of money gained or lost on an investment over time.
The change in an investment's dollar value over time can be used to describe a return nominally.
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the time it takes the fed or congress to change economic policy is part 2 a. a recognition lag. b. an implementation lag. c. a response lag. d. none of the above
The time it takes the fed or congress to change economic policy is part 2 Implementation lags are the type of lag that policy makers need to take into careful consideration because they have the potential to restrict.The Correct answer is A response lag.
Stabilisation policy efficacy and complicate matters. The length of time it takes to implement a specific policy is referred to as an implementation lag. This entails completing responsibilities including organising the money's management, distributing it to the appropriate individuals, and creating spending strategies.The outer lag is the amount of time it takes for monetary or fiscal policies to have effect. The first option, or option "A," is the answer among the possibilities listed in the question. A policy needs a certain amount of time to work its magic. It is impossible to avoid the external lag at this moment in time.Inside lag is the amount of time needed to create a policy, while outside lag is the amount of time needed for the policy to take effect. Implementing policy is delayed by inside lag. It may require more time to implement monetary policy than other types of policy.The duration it takes for monetary policy to take effect is known as the "outside lag."
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CONCEPT REVIEW:
Corporate advertising was described as controversial, largely because the source of the message is top management, so the rules for other advertising and promoting forms are often not applied. This element of communication definitely has its place in the promotional mix. But to be effective, it must be used with each of the other elements, with specific communications objectives in mind.
Match the corporate advertising characteristics with the type of advertising.
Choices:: A Advocacy Advertising Image Advertising An example of this would be the American Heart Association and the American Stroke Association's R support for President Obama's health care program Company benefits from favorable publicity, while the nt Sponsorship charity receives much-needed funds. Cause-Related Advertising YThis may accomplish a number of objectives, including creating goodwill both internally and externally, creating a position for the company, and generating resources, both human and financial. Y Many companies are attracted to this because effective IMC programs can be built around them, and promotional tie-ins can be made to local, regional, national, and even international markets.
Company advertising. noun [ U ] advertising. marketing that describes a company, instead of its products, and this is meant to show the employer in a fantastic manner to the general public: The agency rolled out a company advertising and marketing marketing campaign, highlighting its commitment to energy-saving techniques of production.
The specific styles of corporate advertising encompass image advertising, opinion advertising and investment advertising and marketing. figuring out the motive of an marketing campaign is often the very best manner to differentiate between the different sorts due to the fact the labels applied can often be inconsistent.
Company advertising is generally used for 4 separate scenarios – public family members, company identity, institutional and recruitment. PR is the maximum commonplace cause for corporate marketing. Showcasing the values and intents of the company in an awesome mild may want to sell more hobby and consequently, income.
Company advertising, also known as institutional advertising, is advertising by means of a organization or corporation that tries to create an picture, address an difficulty or talk with precise audiences, which include a employer's personal personnel, approximately topics crucial to the company. unlike customer advertising.
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in order to avoid inequalities in the liquidation process, the legal doctrine of setoff effectively treats loans from partners to the partnership as:
To eliminate disparities throughout the liquidation process, the legal theory of setoff regards debts from partners to the partnership as: A. external loan that can be used to offset a deficit capital account balance
capital account balance
All international capital transactions are recorded in a country's capital account. The influx and outflow of cash in the form of investments and loans are used to calculate income and expenditure. A deficit suggests that more money is going out than is coming in, whereas a surplus indicates that more money is coming in.
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A positive approach represents a willingness to accept developmental feedback, to try and suggest new ideas, and to
maintain a positive attitude at work. Maintaining a positive approach can be a difficult task for managers-it is easy for
managers to allow negative attitudes and behaviors to get the best of them during difficult times at work. This activity is
important because a knowledge of potentially bad attitudes helps managers to recognize and replace these attitudes and
behaviors with more positive ones.
o approach
A positive approach represents a willingness to be open to developmental feedback, to try and propose new ideas, and to maintain a positive attitude in the workplace. Maintaining a positive attitude is a difficult task for managers. Developing a positive attitude is easy.
What does the word "approach" mean?To approach is to move closer or closer to something or someone in terms of distance, proximity, quality, or quantity: In the distance, we could just make out the train approaching. You can see that we are now getting close to the Eiffel Tower if you look out the window on the left.
What does positive attitude mean?Positive thinking or an optimistic attitude is focusing on the good in every situation. It can have a huge impact on your physical and mental health. It doesn't mean ignoring reality or taking the problem lightly.
What are Examples of Positive Approach?Examples of Positive Attitudes:
Changing Perspectives. Your perspective has a powerful impact on your life and well-being. Smile and be kind to people. Practice Self-Compassion.Does not take things personally. Rejoicing in the success of others.To learn more about approach visit:
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Provide an example of how a company could make modifications to their business operations to incorporate sustainable best practices. How could these modifications be measured in terms of triple bottom line?.
Divide the organization's backside line into three categories: social, environmental, and economic.
Represent every category in phrases of advantages and costs. Calculate internet profits the use of typical accounting strategies to represent the the first of the three bottom lines.
Why is triple bottom line important?A more sustainable future that considers both social and environmental sustainability.
Methods to set dreams and measure and enhance sustainable systems.
New methods to generate profit, such as attracting new customers who want to minimize their have an impact on on the environment.
Especially in cutting-edge marketplace, businesses that center of attention on social and environmental obligation can additionally beautify that more usual metric: profit. "Using the TBL framework opens up many probabilities to enlarge revenues, minimize charges and build loyalty," Horowitz said.
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brainly.com/question/17386608#SPJ4In the second phase of construction, there is a horizontal plan for expansion, and when the time is right, additional operating rooms will be opened. How many ors will this space accommodate?.
In the second phase of construction, there is a horizontal plan for expansion, and when the time is right, additional operating rooms will be opened. The amount of ORs this space will accommodate is six (6)
What is an operating room?Generally,An "operating room" is "located within a sterile corridor that can be adequately used for 'open' or major surgical procedures probably involving general anesthesia," according to the HCC's best guidance.
On the other hand, "process rooms" typically refer to rooms that are only suitable for minor surgical procedures.
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smith uses a financial calculator to calculate the issue price of $800,000 face amount bonds. the bonds pay 8% interest semi-annually over a five-year period. the market interest rate is 8%. select the correct input:
The market interest rate is 8%. select the correct input:FV= $800,000 (face is paid in the future)
PMT= 32,000 (Interest payment each 6 months)
N= 10 (number of semi-annual interest payments)
I= 4 (the market rate for 6 months)
Interest is price from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above compensation of the predominant sum, at a selected charge. it's miles wonderful from a price which the borrower may pay the lender or a few third birthday celebration.
Interest is the charge you pay to borrow money or the cost you price to lend money. interest is most customarily contemplated as an annual percentage of the amount of a mortgage. This percent is called the interest price on the mortgage
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Assume that bessell was hired as a computer technician to develop a particular type of software, unaware that it would be used to steal people’s information. As part of his job, he developed many different software applications that harvested public information from the internet and this new software was not different enough to give bessell reason to believe it would be used to harvest private information. Would the result be different?.
No, the outcome would not change. Bessell still has a duty to make sure that the software he creates is utilized morally and responsibly, and it is his duty to exercise caution when accepting any position.
What does a technician in computers do?Hardware and software are installed, maintained, and troubleshot by computer professionals for businesses and organizations. Your regular duties may include setting up gear and installing software, depending on the kind of business you work for. repairing computer hardware and other devices.
Do computer techs work alone?Computer technicians typically work on their own, for a company or business, or in a computer repair shop. To diagnose and resolve any hardware problems, a computer technician must be knowledgeable about how computers are constructed.
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a corporate bond's yield to maturity . multiple select question. changes over time remains fixed over the life of the bond can be greater than, equal to, or less than the bond's coupon rate is always equal to the bond's coupon rate
The yield to maturity of a corporate bond is often not the same as the coupon rate of a bond, this changes over time
what is yield on a bond?The yield to maturity is the discount rate that makes the present value of the promised future cash flows equal in sum to the current market price of the bond. This case is the same as the Internal Rate of Return (IRR).
After determining the price of the bond, calculating the current yield is straightforward. The current yield on your security is equal to the annual interest divided by the price of the bond.
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in the accounting cycle, after examining source documents and recording transactions in an accounting journal, what is the next step taken by a financial manager?
The next step taken by a financial manager.The company must prepare the financial statements at the conclusion of the accounting year in order to understand its financial condition and the economic.
A balance sheet, income statements, a statement of cash flows, and occasionally the owner's equity are all included in financial statements, which are written reports created by a company's manager to show the business activities, financial performance, and financial standing or position at any time.To evaluate a company's performance and make accurate predictions regarding the future of the company's stock price, financial analysts rely on financial data.An annual report, which displays a company's reliable and audited financial data (which must have been examined by the government or accountants to assure its accuracy for tax, or investing purposes), can be discovered to contain a company's financial statement.Therefore, after the source papers have been reviewed, documented, and posted, a financial statement is a required step.
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legacy issues $580,000 of 8.0%, four-year bonds dated january 1, 2021, that pay interest semiannually on june 30 and december 31. they are issued at $507,959 when the market rate is 12%.
Date General Journal Debit Credit
Jan. 1 Cash 507959
Discount on bonds payable 72041
Bonds payable 580000
Total bond interest expense over life of bonds:
Amount repaid:
8 payments of $23200 185600
Par value at maturity 580000
Total repaid 765600
Less amount borrowed 507959
Total bond interest expense 257641
An expense is an object requiring an outflow of money, or any shape of fortune in fashionable, to every other character or group as fee for an object, carrier, or other class of prices. For a tenant, lease is an rate. for college kids or dad and mom, tuition is an price. buying food, apparel, furnishings, or an automobile is regularly called an price. An cost is a value that is "paid" or "remitted", commonly in change for some thing of value. something that appears to cost a first-rate deal is "costly". something that appears to fee little is "less expensive". "expenses of the desk" are fees for dining, refreshments, a dinner party, and so forth.
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question content area return on total assets a company reports the following income statement and balance sheet information for the current year: net income $295,320 Interest expense 106,620 Average total assets 6,290,000 Determine the return on total assets. If required, round the percentage to one decimal place.
The return on total assets is 6.25%. EBIT, or earnings before interest and taxes, is a measure of how profitable a business is.
The formula for calculating return on total assets is
Total assets on average / Net income
$125,000 / $2,000,000 = 6.25%
EBIT, or earnings before interest and taxes, is a measure of how profitable a business is.
Revenue less expenses, without taxes and interest, is EBIT. Operating earnings, operating profit, and profit before interest and taxes are other names for EBIT.
EBIT is a measure of an organization's operating profit and is often used interchangeably with operating profit. EBIT ignores factors like the tax burden and capital structure in favor of concentrating exclusively on a company's capacity to create earnings from operations. Because it helps to determine a company's capacity to produce enough earnings to be profitable, pay off debt, and fund continuous operations, EBIT is a particularly helpful indicator.
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In a perfectly competitive market, each firm produces its last unit at: the same marginal cost. one of several marginal costs. a unique marginal cost. one of two marginal costs.
In a perfectly competitive market, a firm stops producing, that is producing the last unit, at the same marginal cost. Because in such a market firm is a price taker and in long run, all firms produce equally and thus face the same marginal cost.
Hence option a is correct.
The marginal cost is the difference in total production costs caused by making or producing one more unit. Divide the change in production costs by the change in quantity to calculate the marginal cost.
The goal of marginal cost analysis is to determine when an organization can achieve economies of scale in order to optimize production and overall operations. If the marginal cost of producing one additional unit is less than the per-unit price, the producer may profit.
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jozmell, christina, jordan, and melissa have been assigned a group project for a class. during the three weeks in which they developed and completed the project, jozmell, christina, and jordan did most of the work. melissa missed meetings, turned in inferior summaries of her assigned readings, and was quiet during brainstorming sessions. on the day of the project presentation, melissa did a good job of delivering her part of the presentation. for most of the project, melissa was engaging in what group process?
Because she was the presenter, her work was individuated and her efforts were identifiable.
A news presenter – additionally known as a newsreader, newscaster (brief for "information broadcaster"), anchorman or anchorwoman, information anchor or truly an anchor – is someone who provides news for the duration of a news software on tv, radio or the internet. they'll additionally be a working journalist, supporting in the series of news cloth and might, further, provide remark throughout the program.
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Sara withdraws $1,000 from her savings account at the lucky s&l, keeps $50 in cash, and deposits the balance in her checking account at the bank of illinois. What is the immediate change in m1 and m2?.
The spread, or the gap between the interest rates they pay on deposits and the interest rates they get on loans they make, is how they generate revenue.
What is the interest rate right now?The average national 30-year home loan APR is 6.53% as of Friday, December 02, 2022. The average 30-year variable refinance APR, as determined by Bankrate's most recent survey of the biggest mortgage lenders in the country, is 6.57%.
What is the average interest rate?Nominal Interest Rate: What Is It? The rate of interest before accounting for inflation is referred to as the nominal interest rate. The term "nominal" can also apply to the advertised or quoted rate of interest on a loan, which excludes any fees or interest compounding.
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The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40
The direct labor rate variance is.
A$2,960 favorable
B$4,500 unfavorable
C$2,960 unfavorable
D$4,500 favorable
The variation in direct labor rate is.$2,960 in favor.
The costs of labor that directly result in the production of a product or the delivery of a service are referred to as direct labor rates.Wages, payroll taxes, insurance, retirement match costs, and other benefit costs are all included in these expenses.
How is direct labor rate calculated?
Simply dividing the estimated total labor cost by the total direct labor hours yields a direct labor rate.
What's the wage rate for direct labor?
Direct work alludes to the pay rates and wages paid to laborers that can be straightforwardly credited to explicit items or administrations.It covers things like the cost of regular working hours, overtime, payroll taxes, unemployment taxes, Medicare, and employment insurance, among other things.
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jerry wants to produce rectangular boxes. each box will have a brass bottom, platinum plated sides and a gold plated top, and each box will have a volume of 500 cubic inches. the costs of the materials are
Jerry desires to produce rectangular packing containers. each box could have a brass bottom, platinum plated sides and a gold plated top, and every box may have a quantity of 500 cubic inches. the charges of the materials are we ought to discover the fee surface place
In manufacturing, research, retail, and accounting, a costs is the price of money that has been used as much as supply a few thing or deliver a provider, and consequently isn't always to be had to be used anymore. In enterprise, the price may be one among acquisition, wherein case the amount of coins expended to accumulate it is counted as cost.
A manufacturing of expenses incurred by means of an enterprise which might be of a comparable nature; they're accrued together both for the functions of reporting and due to the fact they may be subjected to similar treatment by the use of the costing device. Examples of fee gadgets are lease, consumable substances, and varied selling cost.
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according to the text, it makes good business sense to go green, and companies that choose to do so are reporting higher gross margins, higher return on sales, higher return on assets, and a stronger cash flow than their less sustainable competitors.
A sustainable competitive advantage is a set of assets, characteristics, or capabilities that enable an organization to better meet the needs of its customers than its competitors. A Sustainable Competitive Advantage Is Hard To Replicate And Hard To Replicate A well-known example of a company with a sustainable competitive advantage is Walmart.
One of the reasons Walmart maintains a sustainable competitive advantage is that its strategies are unique to the organization and that these strategies create a gap between Walmart's performance and that of its competitors.
A sustainable competitive advantage is the key to business success. It's the force that enables businesses to be more focused, generate more sales, generate better profit margins and retain customers and employees at a higher level than their competitors.
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when might an organization choose to avoid a risk rather than assuming, transferring, or mitigating it?
if the cost of the control measures necessary to defend the organization against a recognized threat is prohibitive.
How does risk transfer work?As part of the risk transfer risk management technique, the risk is transferred to a third party. In other words, risk transfer is the process through which one party assumes the liabilities of another. The act of purchasing insurance is a common example of how risk is transferred from a person or business to an insurance company.
What is avoiding risks?Risk avoidance is the process of removing threats, exposures, and behaviors that could endanger a business's resources and operations.
Risk avoidance strives to completely avoid compromising situations, in contrast to risk management, which seeks to control the harms and financial repercussions of hazardous events.
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a well-designed management control system ignores nonfinancial objectives and focuses on financial objectives to develop and report performance measures. (extra 1 point)
True, To generate and publish performance measurements, a well-designed management control system rejects non-financial goals in favor of financial ones.
A management control system (MCS) is a system that collects and analyzes data to assess the effectiveness of various organizational resources, such as people, property, and money, as well as the organization as a whole, in light of the organizational strategies being used.
A management control system (MCS) is a strategy used by firms to assess how well they accomplish objectives relating to production, profitability, or efficiency. The control system functions best when performance is connected to the organization's objectives. A budget or other plan serves as the foundation for the data used in a management control system. Actual results are compared to the plan, and any discrepancies are communicated to responsibility centers across the entire organization.
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you've determined that india presents the greatest potential for your solar kits. now it's time to decide the best approach for launching your solar kits internationally. you recognize that there are different types of organizational strategies available to you to introduce your solar kits in india. you want to go slowly and enter this new market with minimal risk and expense. of the following, which approach will you use?
You've found that the biggest market for your photovoltaic kits is India. We went to the licensing agreement.
What exactly is really a agreement example?Technically defined, an agreement is any contract involving two or more people and a shared goal. Whenever one party provides to split the rent and another accepts, they enter into an agreement and start living together as flatmates.
What three sorts of agreements are there?There are three general types of contracts, which are listed below: Fixed Price Agreement (FP) Contract for Time and Materials (T&M) Cost-Reimbursement Agreement (CR) Fixed Price Agreement When the criteria are understood and the scope of the work is properly specified, fixed rate contracts are used.
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an increase in output that is larger than would be under a fixed exchange rate regime. b. an increase in output that is smaller than would be under a fixed exchange rate regime. c. a decline in output that is smaller than would be under a fixed exchange rate regime. d. a decline in output that is larger than would be under a fixed exchange rate regime.
The required answer is option (d).
An exchange rate that is subject to supply and demand in relation to other currencies is referred to as a floating exchange rate. A fixed exchange rate, often known as a pegged rate, is one that is totally controlled by the government of the currency in question, as opposed to a floating exchange rate.
Exchange rates that are free to fluctuate, operate on an open market where supply and demand and speculative activity determine the price. In this system, if there is a rise in supply but a fall in demand, the price of a currency pair will decline; if there is a gain in demand but a fall in supply, the price will rise.
Therefore, Under a floating exchange rate system, an increase in demand of money will lead to a reduction in output that is larger than that, which would be under a fixed exchange rate system. Hence, Option (d) is the correct option.
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Disclaimer: Your question is incomplete. Please write the complete question by looking over the internet.
Under a periodic inventory system Oa. accounting records continuounly disclose the amount of inventory Ob. a separate account for each type of merchandise is maintained in a subndiary ledger Oc. Merchandise Inventory is debited when goods are returned to vendors Od. a phytical imventory is taken at the end of the pertod
Physical inventory is taken as part of a periodic inventory system at the conclusion of each month. The right response in this case is option D.
The periodic inventory system involves routine inventory updates. Inventory is recorded in the purchase account under the periodic inventory system up until the physical count is performed, at which point it is moved to the inventory account.
The periodic inventory method has the benefit of eliminating the requirement for separate accounting for inventories of raw materials, work-in-progress, and finished items. The only thing that is noted is purchases.
Physical counts are used in periodic inventory systems to measure inventory levels. After every sale or buy, the perpetual approach updates inventory records continually while keeping track of the inventory balance.
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According to the cost-benefit principle, the number of labor hours demanded will labor hours supplied will as the wage decreases. a. rise;fall
b. fall;fall c. rise;rise d. fall;rise
The cost-benefit principle states that as wages decline, the amount of work hours required will increase and the amount of labor hours supplied will decrease.
The Cost-Benefit Principle: What Is It?The cost-benefit analysis analyzes if the advantages of a course of action outweigh its expenses. This idea is frequently applied in the accounting and financial sectors while creating financial statements. Financial statements often contain data that is vital for a company's strategic decision-making, but gathering and presenting the information for the documents has a price.
The bottom line is that some difficult issues demand more in-depth investigation, and a business can employ cost-benefit analysis when it isn't quite clear whether to proceed with a project or not.
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