Emergency repairs or additional supervisors for an unanticipated second shift will likely lead to an unfavorable fixed overhead spending variance.
Overhead, also known as an overhead expense, is a continuing cost of doing business. Overheads are expenses that, unlike operating expenses such as raw materials and labor, cannot be easily traced to or identified with any specific revenue unit.
Overheads are business costs associated with the day-to-day operation of the business. Overhead costs vary according to the nature of the business and the industry in which it operates.
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when johnny earle was 18, he wanted to start his own business, so his mother, lorraine earle, used her own credit card to help him. according to the chapter, this would be considered use of . a long-term debt financing b short-term debt financing c opportunity cost d long-term equity financing e cost of capital
When johnny earle was 18, he wanted to start his own business, so his mother, lorraine earle, used her own credit card to help him. according to the chapter, this would be considered use short-term debt financing.
Trade financing and other short-term financing sometimes involve guarantees like accounts payable or inventories. In exchange for quick cash, a business agrees to deliver or sell its amounts owed to the creditor (also called factoring). Short-term loans, like loans for working capital, are typically used for general purposes and support a company's everyday business operations, even though some loans for businesses and forms of project financing are typically intended for a specific purpose, like construction or the purchase of equipment. company.
Depending on the size, industrial sector, location, and the company's commitment to managing environmental and social risks, a short-term financing transaction may involve minor to complex environmental and social difficulties.
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best computers sold a computer to lee jones on credit and issued sales slip 211 for $900 plus sales tax of $90. the entry to record this transaction will include a:
Debit to the cash account will be included in the entry to document this transaction.
Does the specified transaction match any log entries?Each journal entry includes the date, the credit and debit amounts, a brief description of the transaction, the accounts involved, and other details pertinent to that specific business transaction. Depending on the firm, it could include information such as a list of the impacted subsidiaries, tax information, and other things.
What an entry in a journal signifies?All company actions are officially documented by journal entries. Any financial activity that has an impact on the firm qualifies as a transaction under the broadest definition. They cover all financial exchanges, including salary, costs, and payroll as well as interest and depreciation payments. They are not only limited to the buying and selling of products and services.
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what is the expected return for asset y if it has a beta of 2.0, the expected market return is 10 percent, and the risk-free rate is 2 percent?
The approach is based on the correlation between the beta of an asset, the risk-free rate (usually the interest rate on Treasury bills), and the equity risk premium.
What kind of return can one expect from an asset with a beta of two?The beta is a proportional indicator of systemic risk. It shows how sensitively the return on a share varies from the return on the market. The return on a share would change by 2% if the market moved by 1% and the share had a beta of two.
What does 2.0 beta mean?Consider a business with a beta of 2. As a result, it is twice as volatile as the market as a whole. Overall, we anticipate a 10% increase in the market. It follows This stock may gain 20%.
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Joe is a homeless person who is cold and tired. One evening late at night, Joe walks by a newly constructed house which nobody lives yet. Joe enters through a hole where the front door is supposed to be placed but does not have to use force to enter the home. a Once inside, Joe's only intent was to stay the night and keep warm, so he turned on the heater and fell asleep on the floor. He does not take a thing while inside the house. The next morning, after waking from a restful sleep, Joe notices a pane of broken glass where a window is supposed to be and repairs it. Joe then leaves the house, spotless and in a better condition than a he found it. Did Joe commit a theft crime, and if so, which one? a. Joe is guilty of larceny because he unlawfully took the personal property of another without the owner's consent b. Joe is not guilty of burglary because he entered a dwelling that was uninhabited c. Joe did not commit any theft crime (burglary, larceny or robbery) because he did not take anything d. Joe is guilty of robbery because he used force or the threat of force against the property owners
If Joe is a homeless person who is cold and tired. One evening late at night, Joe walks by a newly constructed house which nobody lives yet: a. Joe is guilty of larceny because he unlawfully took the personal property of another without the owner's consent.
What is larceny?Larceny can be defined as the form of stealing or theft in which a person takes what does not belong to them or when a person takes items, property that is not their own.
Based on the scenario Joe committed an act of theft which is larceny as he took the property of another person without the owner consent. A person who took another person item without their permission or consent has committed larceny.
Therefore we can conclude that the correct option is A.
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Which category may be negatively affected if a consumer has recently taken out a new mortgage and applied for a few new credit cards?.
Missing or late payments. accounting for collections. The account balances are excessive. Your credit limit is dangerously close to being reached because of the balance on your revolving accounts, such as credit cards.
What are the five different credit score categories?Numerous different types of credit information from your credit report are used to construct FICO Scores. Payment history (35%), amounts owed (30%), duration of credit history (15%), new credit (10%), and credit mix (10%) are the five categories into which this data is divided.
Does applying for a mortgage effect one's credit score?When you apply for a mortgage, the lender will have to perform a hard inquiry on your credit record, which could initially lower your credit score. When a lender obtains a copy of your credit report from one of the three major credit agencies, the process is known as a "hard inquiry" or "hard pull" (Experian, Equifax or TransUnion).
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you have a business where employees are often called away from their desks for 30 minutes or more at a time. many do not shut down or lock their computers before walking away because they don't want to take time to log on again when they return.
You run a company where workers are frequently called away from their desks for up to 30 minutes at a time. Because they don't want to spend the time to log on again when they get back, many people don't shut down or secure their laptops before leaving.
An alphanumeric keyboard and screen make up a compact, portable personal computer (PC) known as a laptop, laptop computer, or notebook computer. Although 2-in-1 PCs with a detachable keyboard are frequently advertised as laptops or as having a "laptop mode," laptops traditionally feature a clamshell form factor with the screen mounted on the inside of the higher lid and the keyboard mounted on the inside of the lower lid. Laptops are convenient for mobile use since they can be folded shut for transportation. They are named after the fact that, when in use, they can almost be placed on a person's lap. Laptops are utilized in many different contexts nowadays, including work, school, gaming, web browsing, personal multimedia, and basic home computer use. As of 2022, the phrases laptop computer and notebook computer are synonymous in American English; nevertheless, in other English dialects, one or the other may be preferred. Although the terms "notebook computers" or "notebooks" used to refer to a certain size of laptop (initially smaller and lighter than standard laptops of the time), the names have since come to imply the same thing, and "notebook" no longer refers to any specific size.
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Purchasing uses information from the _____ to place purchase orders for raw materials with qualified suppliers.
Purchasing uses information from the materials requirement plan to place purchase orders for raw materials with qualified suppliers.
Why is a Material requirement plan important?
A material requirement plan, which is generally carried out using specialized software, aids in ensuring that the proper inventory is accessible for the manufacturing process precisely when it is required and at the lowest cost. Material requirement plan boosts the productivity, adaptability, and profitability of manufacturing processes in this way. It can increase worker productivity, enhance product quality, and lower material and labour costs in factories. Additionally, the Material requirement plan enables businesses to adapt more swiftly to escalating demand for their goods, avoiding production snags and inventory stockouts that may cost them, clients, ultimately resulting in revenue growth and stability.
Material requirement plan is extensively employed by manufacturers and has certainly played a significant role in the expansion and widespread availability of consumer products at reasonable prices, which has enhanced the quality of living in most nations. It is improbable that individual firms could have scaled up operations as quickly as they did in the 50 years since the introduction of Material requirement plan software without a mechanism to automate the intricate calculations and data management involved in Material requirement plan procedures.
MRP helps your company improve inventory levels and production schedules by giving firms visibility into the inventory requirements needed to fulfil demand. Companies' visibility and responsiveness are constrained without this insight.
ordering excessive inventory, which drives up carrying costs and eats up additional cash that could be put to better use.lack of raw supplies, which makes it unable to meet demand and causes lost revenues, cancelled contracts, and out-of-stock.production cycle interruptions, which delay sub-assembly builds and raise production costs and output.MRP is used extensively by manufacturing organisations to plan and manage inventory, scheduling, and production.
MRP is also applicable in a wide range of other industries, from retail to restaurants, to balance supply and demand.
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technology conglomerate that taken control of , is their parent company, focuses on different businesses they span a diverse array of industries, including robotics, life sciences, healthcare, and anti-aging.
Robotics, life sciences, healthcare, and anti-aging are just a few examples of the vast range of industries that the technological conglomerate.
A conglomerate is a business organization made up of multiple various, occasionally unrelated, firms. A conglomerate is made up of multiple conglomerate smaller, independently operating enterprises that are all controlled by one larger company.
Although some conglomerates, such as those in the mining industry, choose to specialize in a single sector industry, conglomerates that has seized control of the company, which is their parent company, concentrates on. frequently diversify company risk by operating in a wide range of marketplaces. But economists caution that big, spread-out conglomerate businesses run the risk of degrading shareholder value by becoming inefficient and expensive to manage.
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a u.s. firm receives a large amount of revenues in swiss francs from exporting goods to switzerland. it has no other business outside the united states. it could best reduce its exposure to exchange rate risk by:
The firm could best reduce its exposure to exchange rate risk by issuing bonds denominated in: Canadian dollars.
How can the risk of exchange rates be diminished?
When making investments abroad, exchange rate risk cannot be completely avoided, but it can be greatly reduced by using hedging strategies. Investing in hedged securities like hedged ETFs is the simplest solution. A hedged ETF's fund manager can handle the FX risk at a significantly reduced cost.
What is the most popular strategy for reducing exchange rate risk?
Money ETFs: The most popular methods of hedging against exchange rate risk are forward contracts and currency options, but small businesses may not have the resources and time for them. For SMEs and retail investors as an option, currency exchange-traded funds can reduce the foreign exchange risk.
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the demand for clothing increases. as a result, the price of clothing increases above the minimum average cost of producing it. in the long run, if the clothing industry is perfectly competitive and is a constant-cost industry:
The demand for clothing increases. As a result, the price of clothing increases above the minimum average cost of producing it. In the long run, if the clothing industry is perfectly competitive and is a constant-cost industry: the supply of clothing will increase but the price will not.
What happens in the long run in perfect competition?Businesses can only make money or lose money in a market that is perfectly competitive in the near term. Profits and losses are ultimately eliminated because an endless number of businesses produce uniform, infinitely divisible items.
The supply curve for the industry would be shifted upward by the same amount. The price would rise in the short term, but not by as much as the cost per unit would rise. Economic losses would occur at businesses, eventually leading.
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which of the five forces in michael porter's model is determined by entry barriers such as the capital required?
These forces have an impact on a company's profitability and include the number and power of a company's competitors, potential new market entrants, suppliers, customers, and substitute products.
What does "threat of new entrants" mean in terms of Porter's Five Forces?
One of Porter's Five Forces framework's forces is "The Threat of New Entrants," and it refers to the threat that new competitors pose to existing industry players.It is one of the factors that influences an industry's competitive landscape and contributes to the industry's attractiveness.
What are Porter's 5's most significant forces?
The primary determinant of market competitiveness is rivalry between competitors, which is regarded as the most expressive force in Porter's 5 forces model.
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it costs c dollars each to manufacture and distribute backpacks. if the backpacks sell at x dollars each, the number sold is given by , where a and b are positive constants. what selling price will bring a maximum profit?
Profit, a financial gain, particularly the sum earned minus the sum spent on purchasing, running, or creating anything.
How are selling price and costs determined?Calculate the total cost of all the items you bought. To calculate the cost price, divide the total cost by the quantity of units purchased. To determine the ultimate price, use the selling price formula: Cost price plus profit margin equals selling price.
What are the selling price and cost price?Cost Price: The cost price of an item is the sum spent to acquire it or the cost at which it was produced. The cost price is denoted by the letter C.P. Selling Price: The selling price is the cost at which an item is offered for sale. The selling price is denoted by the letter S.P.
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a tax on buyers causes which of the following? (i) a leftward shift of the demand curve (ii) a decrease in quantity sold (iii) an increase in the price buyers pay (ii) and (iii) only (i) (i), (ii), and (iii) (i) and (iii)
A Tax on buyers causes all of the following listed in the option. So the correct option is a. (i), (ii), and (iii). A tax on buyers causes a leftward shift in the demand curve, a decrease in the quantity of goods sold, and an increase in the price buyers pay.
Taxation refers to a certain sum of money collected by the government from either the sellers or buyers on purchasing or producing goods and services. Taxation decreases the incentives of the entities. A tax on buyers signifies that a sum of money is collected from the consumers while purchasing certain goods through increased price.
In addition, a tax reduces the quantity traded, thereby reducing some of the gains from trade. A tax increases the price a buyer pays by less than the tax.
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why do middle adults commonly experience financial concerat present, the average life expectancy is years, while the maximum life expectancy is estimated at years.ns?
Over 250 million older adults with moderate to severe disabilities make up more than 46% of the population who are 60 years of age and older.
One billion people, or 15% of the world's population, are thought to suffer from one or more disabilities at this time. Looking ahead, it is expected that the number of persons with disabilities will continue to rise as a result of worldwide trends toward an aging population and the higher risk of disability among the elderly. The number of older people has significantly increased in recent years in the majority of nations and regions, and this trend is anticipated to accelerate in the next decades, according to statistics from World Population Prospects: the 2015 Revision (United Nations, 2015).
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you are on a team of analysts presenting to your stakeholders. your teammate responds to an objection about your steps of analysis by repeating the steps and then getting defensive when the stakeholders don’t seem to understand. what could they have done to respond to the objection more appropriately? select all that appl
If you are on a team of analysts presenting to your stakeholders. The thing they have done to respond to the objection more appropriately is:
Describe the approach you took in your analysisPromise to investigate your analysis question furtherAcknowledge that the objection is validWhat is stakeholders?Stakeholders can be defined as the employee of an organization that involve in the day to day running of a company business and they tend to have the best interest of the company they work for on mind.
Based on the given scenario the thing they need to do so as to respond to the objection rightly is for them to describe the approach step you took , to investigate the analysis question and to as well acknowledge that the objection is true.
Therefore the correct option is A,B,C.
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The complete question is:
you are on a team of analysts presenting to your stakeholders. your teammate responds to an objection about your steps of analysis by repeating the steps and then getting defensive when the stakeholders don’t seem to understand. what could they have done to respond to the objection more appropriately?
Describe the approach you took in your analysis
Promise to investigate your analysis question further
Acknowledge that the objection is valid
If an unanticipated reduction in aggregate demand throws a market economy into a recession,.
If an unexpected decline in aggregate demand pushes a market economy into a recession, market forces will lead the economy to crash, and a protracted period of low conditions is what is typically expected to happen.
What is market economy?A market economy is one in which there are no price controls or restrictions on the freedom of contracts, and all suppliers and consumers are free to set their own prices and are guided by price signals produced by forces of supply and the demand. The existence of factor markets, which are crucial in determining how capital and production factors are distributed, is a key feature of a market economy. Market economies can take on a variety of forms, from minimally regulated free-market but also laissez-faire systems, where state activity is restricted to providing public goods and services and protecting private ownership, to interventionist forms, in which the government actively participates in advancing social welfare as well as special interests.
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i am buying products as age-reducing for added antioxidants and avoid/repair free-radical damage. what aging theory is this connected to?
This is connected to the oxidative stress theory of aging.
What does Oxidative Stress mean?
Oxidative stress occurs when the balance between free radical production and the body's ability to counteract or detoxify their harmful effects is tipped in favor of the free radicals. Free radicals are highly reactive molecules that can harm cells and tissues by causing structural and functional changes. Oxidative stress can be caused by a number of environmental and physiological factors, including poor diet, pollution exposure, smoking, and ultraviolet light exposure.
What does Ultraviolet means?
Ultraviolet (UV) radiation is a type of radiation that can be found in the electromagnetic spectrum. It has a shorter wavelength than visible light but a longer wavelength than X-rays. UV radiation is classified into three wavelength bands: UVA, UVB, and UVC. The most common UVA and UVB rays are found in sunlight. The ozone layer largely filters out UVC. UV radiation can cause sunburns, skin cancer, and other health problems.
This theory suggests that aging is caused by the damage caused by free radicals, which are highly reactive molecules produced as a result of normal metabolic processes. Antioxidants can help to reduce the damage caused by free radicals and help to slow the aging process.
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bartleby rodgers corporation produces and sells football equipment. on july 1, 20y1, rodgers issued $19,400,000 of 10-year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of $21,923,488. interest on the bonds is payable semiannually on december 31 and june 30. the fiscal year of the company is the calendar year. required: for all journal entries, if an amount box does not require an entry, leave it blank. question content area 1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 20y1.
A bond is essentially a debt from an investor to a borrower, such as a business or the government. The investor earns interest on the deposit while the borrower utilizes the funds to support its activities. A bond's market value may fluctuate over time.
In the given question,
Face value of bond = $19,400,000
Issue Price = $21,923,488
Premium = Issue Price – Face Value
= $21,923,488 - $19,400,000
= $2,523,488
Market Interest Rate = 9%
The required Journal Entry will be:
Cash A/C Dr. $21,923,488
To Bonds Payable A/C $19,400,000
To Premium on Bonds Payable A/C $2,523,488
In the above entry the bonds are issued at a premium and since, it is a liability it is being credited as liabilities when increased are credited and the same goes for bond payables too. On the other hand, Cash is our asset and since cash is increasing therefore as per the modern rule of asset increase, cash account is being debited.
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marshall’s toy shop manufactures dolls. marshall’s uses 4 standard direct labor hours to produce each doll. the manager pays a standard price of $10 for each direct labor hour. what is the standard cost of direct labor of each doll?
The average direct labor cost for one doll is $40. Direct Labor Days x $10/Labor Day = $40
What else do we mean about standard cost?A classical cost is the amount estimated for a typical manufacturing process, for which real costs are contrasted. Naturally, the initial costing system will need to be evaluated if a new model, service, or method is to be used.
What are normal cost and its variations?A standard cost is also referred to as the cost that "should be," a set cost, a future periods cost, an estimated costs, a forecasted unit cost, or an estimated cost. The yearly profit plan or operating budgets of manufacturers frequently include standard costs as a key component.
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requirement 1. determine the present value of -year bonds payable with face value of and stated interest rate of %, paid semiannually. the market rate of
the present value of -year bonds is $86,000 payable with face value of and stated interest rate of %, paid semiannually.
How do you determine a bond's current value?A bond's future cash payments are discounted by the going market interest rate to get its present value. The sum of the following factors determines a bond's present value: plus the discounted value of the interest payments due every two years. the principal payment's current value on the bond's maturity date.
How do you determine a bond's current value?
A bond's future cash payments are discounted by the going market interest rate to get its present value. The sum of the following factors determines a bond's present value: plus the discounted value of the interest payments due every two years. the principal payment's current value on the bond's maturity date.
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due to security concerns about password aging, users are writing down login information. your company has determined that a hardware solution is the best route. which of these best names this solution as known in the industry?
Due to security concerns about password aging, users are writing down login information. your company has determined that a hardware solution is the best route. Multi- factors authentications token best names this solution as known in the industry.
In order to access a resource like an application, an online account, or a VPN, the user must submit two or more verification factors, which is known as multi-factor authentication (MFA). A strong identity and access management (IAM) policy must include MFA as a fundamental element.
Three typical categories of authentication tokens are as follows: Connected: For access, physical objects such as disks, discs, and keys plug into the system. You've used a connected token if you've ever used a USB device or smartcard to log into a system.
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On january 26, nyree co. Borrowed cash from conrad bank by issuing a 45-day note with a face amount of $225,000. Assume a 360-day year.
The $225,000 face value of the note will be equivalent to the 8% annual interest rate.
How are proceeds from notes payable determined?Subtract the original loan amount from the principle paid. Assume you borrowed $200,000 in this example; therefore, $200,000 minus $20,000 = $180,000 in notes payable. Your bill for the note payable may show that the entire principle has been paid if you don't have an amortisation table.
What does the accounting term "proceeds" mean?The term "proceeds" is used in a very broad sense to refer to the whole amount realised or obtained in any transaction, including sales, stock issues, the collection of receivables, and borrowing of funds.
Question: On January 26, Nyree Co. borrowed cash from Conrad Bank by issuing a 45-day note with a face amount of $225,000. Assume a 360-day year. a. Determine the proceeds of the note, assuming the note carries an interest rate of 8%.
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The note's face value of $225,000 will be equal to an annual rate of interest of 8%.
How would you define interest?The fee you pay to borrow or the fee you charge for lend money is called interest. The mortgage on the loan is known as this percentage. Simple (regular) interest, accumulated interest, and compound interest are the three different kinds of interest.
Which 4 interest categories are there?Term deposit, variable rate, the annual percentage rate prime interest payment, deferred interest rate, simple curiosity, and compound interest are the most common types of interest. The money generated from a cash account at a credit union or banking institution is likewise subject to a risk premium.
Briefing:Face value = $225,000
= 225,000-(225,000*8%*45/360)
Face value =$222,750
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how can education be a powerful tool for reducing poverty, improving health, promoting healthier economies,
Education can be a powerful tool regularly known as the first rate equalizer: it may open the door to jobs, resources, and skills that assist someone no longer only live to tell the tale, but thrive.
This is why access to first-class education is a globally-identified approach to poverty. The relationship between Education and economic increase. many years of studies verify that elevated investment in schooling leads to accelerated monetary growth. This consists of better salaries for individuals, more body of workers effectiveness, and better gross home product.
Education affords you possibilities for a activity and makes you recognize the desires and needs of the people. It also creates a process for your self and others. subsequently, training is the nice weapon to fight towards decreasing poverty.
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intangible assets . question content area bottom part 1 a. are not recorded in the books because they have no physical substance b. convey special rights from patents, copyrights, trademarks, and other creative works c. represent assets for which the market value cannot be determined d. all of the statements are correct.
Patents, copyrights, trademarks, and other creative works are examples of intangible assets that convey special rights.
A non-physical asset is one that is considered to be intangible. Examples include software, patents, copyright, franchises, goodwill, trademarks, and trade names. In contrast to this are financial and material assets. It is notoriously difficult to value intangible assets.
While intangible assets do not generate cash flows on their own, they enable a company to charge a premium price for its products, resulting in more cash flow overall for the company and, as a result, a premium for the company stock price.
Hence, the correct answer is "B".
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in the gap model of service quality, which gap asks whether a service is provided in the manner intended?
Gap 3 of the gap model of service quality examines whether a service is delivered as expected.
Define gap model of service quality.Using the gap model of service quality, experts can evaluate customer satisfaction and identify areas for improvement. Whether they are sales- or service-focused, most organisations have a customer service component.
The third gap in the concept is the performance gap, which indicates the mismatch between service quality requirements and service delivery. A service gap is a mistake, a discrepancy between expectations and actual performance, or between planned and actual performance.
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who is responsible for developing, coordinating and conducting the necessary training programs for all members of the healthcare organization, including coding and billing education? a. the nurse manager b. the billing department supervisor c. the practice manager d. the compliance officer
The compliance officer is responsible for developing, coordinating and conducting the necessary training programs for all members of the healthcare organization, including coding and billing education.
By preventing fraud and abuse, uncovering improper behaviors early, and resolving them in a timely and appropriate manner, a successful compliance program may both preserve and enhance an entity's reputation. Compliance initiatives bolster staff members' inherent morality.
1) aggressively defends the University against damage to its finances and image. 2) encourages a compliance culture throughout the community. 3) provide a single point of contact for all compliance-related information and advice. 4) boosts operational effectiveness
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because interest rates have fallen, a company retires bonds which had been issued at their face value of $290,000. the company bought the bonds back at 94.75. the journal entry to record this retirement includes a debit of:
the journal entry to record this retirement includes a debit of $200,000.
An amount that endures a long-term liability and is high-quality to bondholders with the aid of the issuer. Bonds a type of debt that wishes to be paid back for.
What are bonds payable example?Example of Bonds Payable, Usually public utilities difficulty bonds to help finance a new electric powered energy plant, hospitals difficulty bonds for new buildings, and governments difficulty bonds to finance projects, operating deficits, or to redeem older bonds that are maturing
Is bonds payable a asset or liability?liabilities, The “Bonds Payable” line object can be located in the liabilities part of the stability sheet. Since bonds are financing devices that signify a future outflow of money — e.g. the activity cost and primary repayment — bonds payable are regarded liabilities.
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https://brainly.com/question/16043944#SPJ4Because employee withholding and payroll taxes must be paid by employers periodically and in the near term, they are considered
A : long-term liabilities.
B : current liabilities.
C : current assets.
D : long-term assets.
Because employee withholding and payroll taxes must be paid by employers periodically and in the near term, they are considered long-term assets.
Long-term assets (also referred to as fixed or capital belongings) are those a business can anticipate to apply, update and/or convert to cash beyond the ordinary working cycle of a minimum 12 months. often they're used for years. This distinguishes them from modern-day belongings, which agencies normally dissipate within three hundred and sixty five days.
Some examples of long-time period property encompass fixed property like property, plant, and equipment, which could encompass land, machinery, homes, furnishings, and motors. long-term investments together with shares and bonds or real estate, or investments made in other corporations.
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The growing trend of using a group of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts is known as ________ selling.
A) department
B) multiple
C) team
D) personal
E) complex
The growing trend of using a group of people from sales, marketing, engineering, finance, technical support, and even upper management to service large, complex accounts is known as team selling.
Team selling- Team selling is a sales strategy used to close more deals in account-based selling. Simply put, team selling is a collaborative sales approach in which two or more team members collaborate to win business rather than working those accounts alone.
Team selling is the process by which a sales department sends more than one representative to win an account. While the exact composition of this type of team will vary, the process involves multiple members working together and pooling resources and expertise to improve their chances of closing.
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wholesale businesses face many of the same options and criteria as manufacturers, although with more constraints on their operations. group of answer choices true false
False, Although there are more restrictions on their operations, wholesale businesses face many of the same options and criteria as manufacturers.
Retailers and manufacturers can also be wholesalers. For instance, General Mills manufactures a variety of meals, such as cereal. Then they give cereal to supermarkets that sell products to consumers. General Mills is the manufacturer and wholesaler in this instance. The largest wholesaler in the country is Sysco, which sells a variety of goods including kitchenware, tabletop items, and food items. Amazon is an internet merchant, not a wholesaler. The goal of Amazon.com and the majority of other retailers is to turn a profit by marking up the products they sell. Retailers will purchase goods at the lowest possible cost from wholesalers, add a profit margin of 50% to 150%, and then resell the goods in their physical stores.
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