The project management value stands for effective Communication that works.
The process of managing a team's efforts to complete a project on time and within budget is known as project management. Project documentation is typically created at the beginning of the development process and contains descriptions of this data. The three main limitations are scope, time, and budget.
In other words, the goal of project management is to plan and manage a project so that its stated goals and deliverables are met. It entails identifying and managing risks, as well as careful resource management, prudent budgeting, and clear communication among multiple teams and stakeholders.
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when you are writing to complain about something and you're worried that your reader might be reluctant to grant your claim, you should use . a. passionate appeals b. both direct and indirect appeals c. the direct strategy d. the indirect strategy
When you are writing to complain about something and you're worried that your reader might be reluctant to grant your claim, you should use both direct and indirect appeals.
What is an indirect appeal?
Indirect appeal refers to the exercise of the prime contractor's right to appeal by the subcontractor or the prime contractor's pursuit of an appeal on the subcontractor's behalf.
Direct appeal advertisements for consumer goods are uncommon. The hamburger was formerly promoted in America by appealing to hunger.
Eat a whopper hamburger when you feel a man-size appetite, advised the advertisement. indirect arguments A human need may be hinted at but not specifically stated in an indirect appeal.
These signals are directed at the buyer's subconscious, but they are in some way obscured by messages that appeal to the buyer's rational thinking.
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The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly.
Program Recipient Group Number of Recipients Value of Transfers
Social Security Retired and disabled workers 67 millions $1,002 billion
Medicare Individuals over age 65 59 millions $ 620 billion
Medicaid Medically needy individuals 75 millions $ 400 billion
Unemployment Compensation Unemployed workers 6 millions $ 30 billion
Calculate the average benefit a recipient of Medicaid receives. Instructions: Round your response to the nearest dollar. $ 1500
The market mechanism might leave some people with too little income and others with too much. Economic inequality has gained prominence in the global policy discussion after years of essentially being ignored.
The apparent effects of globalization and technological progress, as well as the expense of reversing these trends, are causing worry in industrialized countries. The question is whether inequality provides a significant barrier to boosting development and eradicating poverty in developing economies, where inequality is higher. In both situations, income redistribution may lead to more equality, quicker growth, and, for emerging economies, quicker poverty elimination.
There is definitely a compelling justification for allocating resources from those at the top of the income spectrum to those at the bottom in nations where development is good but helps the poor significantly less than the non-poor.
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which of the following would best indicate that the firm is carrying excess inventory? a. a decline in sales b. a decline in the current ratio c. a decline in days' sales in inventory d. a stable current ratio with declining quick ratios e. a rise in total asset turnover
The best indicator that the firm is carrying excess inventory is stable current ratio with declining quick ratios.
Excess inventory can lead to a number of operational issues and financial constraints.
You may have too much inventory if your current ratio remains constant over time while your quick ratio gradually decreases. A corporation may have a serious shortage of other liquid assets and be heavily dependent on inventory if its quick ratio is significantly lower than its current ratio.
Having too much inventory results in a loss of revenue. Excess inventory depreciates in value and takes up "shelf space" that could be occupied by a newer product with a higher profit margin when demand for a particular product drops over time.
Therefore, the correct option is d. a stable current ratio with declining quick ratios.
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in years where many new assets are purchased, regular tax depreciation will be (greater/less) than amt depreciation, resulting in an (addition/subtraction) of the difference to regular taxable income to arrive at the amt tax base.
In years where many new assets are purchased, regular tax depreciation will be greater than amt depreciation, resulting in an addition of the difference to regular taxable income to arrive at the amt tax base.
Taxes are mandatory contributions levied on individuals or corporations via a government entity—whether or not neighborhood, local, or countrywide. Tax revenues finance government activities, inclusive of public works and offerings together with roads and faculties, or applications along with Social security and Medicare.
Taxes are important due to the fact governments accumulate this cash and use it to finance social tasks. without taxes, authorities contributions to the health region would be not possible. Taxes go to investment fitness offerings such as social healthcare, clinical research, social protection, and so forth.
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Vin Motors, a car manufacturer, recently announced a 10 percent price cut for its premium cars. This move by Vin Motors led other car manufacturers to reconsider the prices of their cars. In the context of a firm's environment, Vin Motors is most likely to have directly influenced the A. O technological environment B. O intrinsic environment C. competitive environment D. O ergonomic environment E. O economic environment
Vin Motors, a car manufacturer, recently announced a 10 percent price cut for its premium cars. This move by Vin Motors led other car manufacturers to reconsider the prices of their cars. In the context of a firm's environment, Vin Motors is most likely to have directly influenced the technological environment Option B
What is the technological environment?Generally, Changes in the production, manufacturing processes, utilization of equipment, and overall product quality are all examples of what is meant by the term "technological environment."
It encompasses the force that is associated with scientific advances and improvements in goods in addition to technological advancements in manufacturing.
The use of one or more of environmental science, green chemistry, environmental monitoring, and electronic equipment is an example of environmental technology, often known as green technology or environmental technology and sometimes known as clean technology.
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a $135 petty cash fund has petty cash on hand of $18 and receipts of $120. the journal entry to replenish the fund would include a
On a $135 petty cash fund, petty cash on hand of $18 and receipts of $120, the journal entry to replenish the fund would include a credit to cash short/over for $3.
What is a petty cash fund?In accounting, a petty cash fund means small amount of company cash often kept on hand to pay for minor or incidental expenses such as office supplies or employee reimbursements.
These type of fund will undergo a periodic reconciliations with transactions also recorded on the financial statements. In larger corporations, each department have its own petty cash fund.
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good management practice suggests that there should be multiple copies of purchasing records, particularly purchase orders, invoices and credit memos. what is the minimum number of copies needed for these records?
The minimum number of copies needed for these records is two. The original document should be kept in the purchasing department's records and a copy should be given to the supplier.
The Benefits of Maintaining Multiple Copies of Purchasing RecordsWhen it comes to managing purchasing records, good management practice suggests having multiple copies of purchase orders, invoices and credit memos. This is important for document retention, as well as for providing evidence of purchases and payments should a dispute arise.
The minimum number of copies needed for these records is two:
The original document should be kept in the purchasing department's records, which serve as a legal record of the transaction. A copy should then be given to the supplier, so that there is a clear record of the request and payment.Having multiple copies of these records is also important for audit purposes. The purchasing department should be able to produce the original documents in order to demonstrate the accuracy of their records, and the supplier should have a copy of the documents to prove that they have been paid. This can help to ensure that both parties understand their obligations and require them to adhere to the terms of any agreement.
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_____ is best described as the process of merging with a competitor at the same stage of the value chain.
A. Backward integration
B. Forward integration
C. Horizontal integration
D. Taper integration
Horizontal integration is best described as process of merging with competitor at same stage of value chain.
What is horizontal integration?Increased production of goods or services by a business at the same point in the supply chain is known as horizontal integration. This could be accomplished by a business through internal growth, acquisition, or merger. If one business controls a substantial portion of the market for that good or service, the process could result in monopoly. Vertical integration, in which businesses combine various production stages from a few different production units, contrasts with horizontal integration. Media critics like Robert W. McChesney have observed that the entertainment sector is currently moving toward a trend where fewer transmedia and transnational firms have a greater share of the media ownership pie. In areas where wealthy people can afford such activities, media is observed to gather.
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Which describes a challenge we might see if remote working was the norm.
A. businesses would have to pay building costs or rent a workspace
B. there would be more cars on the road for people having to drive to work
C. workplaces could be more flexible with hours and job assignments
D. it would be harder to find jobs because the applicant pool would be larger
A challenge that might come about if remote working was the norm is D. it would be harder to find jobs because the applicant pool would be larger
What are challenges of remote work?A major challenge that remote work presents is that jobs would be harder to find thanks to there being a large applicant pool. This is because people can basically apply from anywhere in the world which means that with these many people applying, they's all have lower chances of getting employed.
Remote work does have some advantages however and they include businesses not having to rent workplaces and less cars on the road.
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before entering a formal agreement, investment banks carefully investigate the companies whose securities they underwrite; this is especially true of the issues of firms going public for the first time. because the banks do not themselves plan to hold the securities but intend to sell them to others as soon as possible, why are they so concerned about making careful investigations?
The lender will find it increasingly challenging to sell the new issue if an issue is overvalued and experiences significant price falls after the issue. Or to put it another way, in the investment banking sector, reputation is crucial.
What assistance does an investment bank offer a corporation when issuing new securities?The company issuing new securities often receives one or more of the following services from investment bankers: Advice on timing, issuance price, volume of securities offered, and other parameters, Get the issuer to sell you some or all of the securities. public after reselling the securities.
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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 benefits and costs. Calculate net profits the use of traditional accounting techniques to symbolize the the first of the three bottom lines.
Why is triple bottom line important?A extra sustainable future that considers both social and environmental sustainability.
Methods to set dreams and measure and improve sustainable systems.
New ways to generate profit, such as attracting new customers who favor to reduce their have an effect on on the environment.
Especially in cutting-edge marketplace, companies that focus on social and environmental duty can additionally enhance that extra usual metric: profit. "Using the TBL framework opens up many possibilities to enlarge revenues, minimize expenses and build loyalty," Horowitz said.
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https://brainly.com/question/17386608#SPJ4research the current status of hsieh's decision to eliminate all managers and to implement holacracy. what have been the benefits? drawbacks?
First, watch out for solutions from human beings who've now no longer taken a course, studied, or exercise Holacracy. Second, human beings use Holacracy to call totality exceptional matters. To make sure, ask if human beings are following the Holacracy Constitution, if they're now no longer, they're now no longer doing it.
That stated the principal blessings that I see by myself enterprise and others who I even have talked to that paintings beneath neath Holacracy policies and charter are:
You rely a great deal less on workplace politics to get matters carried out and modifications made.
You have greater choices made each day with the aid of using folks that are near the action.
You can extrude and adapt your org shape a great deal quicker and with much less drama.
It allows loads to extrude or power a few lifestyle trends consisting of small experiments over huge plans (Lean Startup mindset).
You boom intrinsic motivational factors (Daniel Pink’s book) with greater autonomy, clean motive, and greater opportunity for mastery.
But you want to recall that isn't for each enterprise and each person. The most important negative aspects are:
It is tough to conform from the vintage control version to Holacracy. Especially if you have a huge enterprise (greater than 50 human beings it already makes tough). Zappos (1600 human beings) for instance may take five years.
You ought to spend greater sources on schooling and onboarding. It isn't a smooth factor to analyze. It isn't simply exceptional assembly practices, you want to extrude people's behavior and a few simple assumptions.
In the start folks who analyze quicker and prefer playing “the Holacracy game” benefit greater strength over the ones who might be sluggish to analyze or do now no longer make investments time on it. If you don´t take precautions, resentment may grow.
A constitution is the aggregate of essential concepts or mounted precedents that represent the criminal foundation of a polity, employer, or every other type of entity and generally decide how that entity is to be ruled.
A first-rate goal of the charter as drafted by way of the conference changed into creating a government with enough power to act on a countrywide stage but without a lot of energy that fundamental rights might be at threat.
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a company has bonds outstanding with a par value of $100,000. the unamortized discount on these bonds is $4,700. the company calls these bonds at a price of $95,000 the gain or loss on retirement is:
The outstanding bonds of a company have a par value of $100,000.These bonds have an unamortized discount of $4,700.The company calls these bonds at a price of $97,000, which results in a loss of $1,700 upon retirement.
The bond issued to generate cash for the organization is called Bond Payable.The bond is liable for the interest.the bond issued by both public and private businesses.Cash is debited and bond payable is credited when a bond is issued at par.Bonds come in a variety of flavors, including those with zero interest rates, those with fixed rates, and those with variable rates.
What are payable bonds?
When a company issues bonds to raise cash, bonds payable are recorded.The company is a borrower because it is a bond issuer.As a result, issuing the bond results in the creation of a liability.As a result, bonds payable are listed as liabilities on the balance sheet of the business.
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. a partnership begins its first year with the following capital balances: lo 14-9 lo 14-6 the articles of partnership stipulate that profits and losses be assigned in the following manner: ∙ each partner is allocated interest equal to 5 percent of the beginning capital balance. ∙ bertrand is allocated compensation of $45,000 per year. ∙ any remaining profits and losses are allocated on a 3:3:4 basis, respectively. ∙ each partner is allowed to withdraw up to $25,000 cash per year. assuming that the net income is $115,000 and that each partner withdraws the maximum amount allowed, what is the balance in coloma’s capital account at the end of the year?
A capital account is used in accounting to file man or woman possession rights of the proprietors of a company.
The capital account is recorded on the balance sheet and is composed of the following items: Owner's capital contributions made when creating the employer or following the creation, as required with the aid of the business.
Is a capital account an asset?The capital account in a organisation ability the monetary account that measures the contributions of every proprietor in the structure of money or an asset, and a present day account measures a company's net income.
For example, if Susan opens a flower shop, invests her own cash into the business enterprise and applies for a financial institution mortgage to hire a space, she is the sole proprietor of that flower shop. Therefore, the flower shop's stability sheet capital account would read: "Susan, Capital Account."
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https://brainly.com/question/15300072#SPJ4The Marchetti Soup Company entered into the following transactions during June:
(1) purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system);
(2) paid $40,000 in salaries to employees for work performed during the month;
(3) sold merchandise that cost $120,000 to credit customers for $200,000;
(4) collected $180,000 in cash from credit customers, and
(5) paid suppliers of inventory $145,000.
Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts are zero except for cash, accounts receivable, and accounts payable that had opening balances of $65,000, $43,000, and $22,000, respectively.
PLEASE USE T-ACCOUNT FORMAT WITH THESE TWO COLOUMNS
CASH ACCOUNTS RECEIVABLE
INVENTORY ACCOUNTS PAYABLE
SALES REVENUE COST OF GOODS SOLD
SALARIES EXPENSE
The Account payable debit is 145000 and cash credit 145000, account receivable credit 180000,Cost of merchandise sold debit is 120000,sales credit is 200000.
Transaction Account Title Debit Credit
1 Inventory 1,65,000
Accounts payable 1,65,000
2 Salaries expense 40,000
Cash 40,000
3 Accounts receivable 2,00,000
Sales 2,00,000
Cost of merchandise sold 1,20,000
Inventory 1,20,000
4 Cash 1,80,000
Accounts receivable 1,80,000
5 Accounts payable 1,45,000
Cash 1,45,000
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders.
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which is not a right of ownership in a life insurance policy? select one: a. changing irrevocable beneficiaries b. using the policy as collateral for a bank loan c. receiving dividends d. changing settlement options
A life insurance policy owner has the following rights: a. changing irrevocable beneficiaries. Someone who has unrestricted access to the money from your life insurance policy is known as an irrevocable beneficiary.
The individual or organization that you formally name as the recipient of the advantages of your financial products is known as a beneficiary. That is the amount that your policy will pay as a death benefit if you have life insurance coverage. That is the total value of your assets held in retirement or investment accounts. spouse, cohabitant, partner, kids, parents, siblings, business partner, key employee, trust, and charity. The very first stage in your estate plan is identifying the beneficiaries of your money. You and your spouse, your friends and family, charities, and the government are the four main categories of beneficiaries to take into account. As a named beneficiary, some people might opt for their surviving spouse, while others could choose a kid or parent. For peace of mind for your family, knowing that life insurance protection is in place in the case of your passing, is a significant factor in why people buy life insurance policies. The beneficiary of a life insurance policy is the person or organization that is eligible to receive the claim amount and other benefits in the event that the benefactor dies or the policy matures. Description: In general, a beneficiary is someone who gains something from a specific person or entity, such a trust.
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an outside company provides security services for a department store for $1,200 per month. management allocates this cost across the store’s four departments based on the square feet each department occupies. using the information below, what is the cost allocated to the men’s department?
An outside company provides security services for a department store for $1,200 per month. management allocates this cost across the store’s four departments based on the square feet each department occupies. the cost allocated to the men’s department$0.05 is $0.11, and $0.95.
Management allocation is the process of assigning satisfactory available resources to duties and projects. resource allocation manages workloads to make sure below or overutilization does not occur. Then, if wanted, human beings are reassigned primarily based on modern resource availability and venture timelines.
Useful resource allocation is the system of assigning and dealing with belongings in a way that helps a corporation's strategic making plans and goals. aid allocation consists of coping with tangible belongings including hardware to make satisfactory use of softer assets consisting of human capital.
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he stockholders' equity section on the december 31 balance sheet of chemfast corporation reported the following amounts: contributed capital preferred stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 102,000 additional paid-in capital, preferred 13,770 common stock (no-par; authorized 20,000 shares, issued and outstanding 5,900 shares) 584,100 retained earnings 29,000 treasury stock, 1,000 preferred shares at cost (9,450) Assume that no shares of treasury stock have been sold in the past.
Required:
Complete the following statements. (Decreases should be indicated by a minus sign. Round per share to 2 decimal places.)
1. The number of shares of preferred stock issued was 2. The number of shares of preferred stock outstanding was 3. The average issue price of the preferred stock was per share
4. The average issue price of the common stock was 5. The treasury stock transaction increased (decreased) stockholders’ equity by 6. The treasury stock cost per share
7. Total stockholders’ equity is
No shares of treasury stock have been sold in the past are:
The number of preferred shares=total par value of preferred shares issued/par value=$165,900/$21=7900 shares
The number of preferred shares outstanding is issued shares minus treasury stock=7900 shares-600 shares=7,300 shares
Average issue price of preferred stock=(total par value+additional paid capital)/issued shares=($165,900+$15,400)/7900=$22.95
Average issue price of common stock==common stock amount/issued shares=$590,000/10000=$59
The treasury stock decreases stockholders' equity by the amount paid to repurchase the shares which are $6,300
Treasury stock cost $ per share=cost of treasury cost/number of treasury stock=$6300/600=$10.50
Total stockholders' equity in $=preferred stock+preferred stock additional paid in capital+common stock+retained earnings -treasury stock
Total stockholders' equity in $=165,900+15,400+590,000+26000-6300=$791,000
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when a consumer knows what they want to buy and is not willing to accept a substitute,what type of consumer product is being sought?
When a consumer knows what they want to buy and is not willing to accept a substitute, specialty goods is being sought.
A consumer is someone or a set who intends to order, or uses bought goods, products, or offerings in general for personal, social, family, family and comparable needs, who isn't always without delay related to entrepreneurial or enterprise sports
A purchaser is the one who purchases the product for his/her personal need and uses or consumes it. A consumer can not resell the best, services or products however can eat it to earn his/her livelihood and self-employment. Definition of patron. The customer is the only who's the stop-consumer of any goods or services.
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what does an underwriter typically require from an accountant which indicates that the company has fulfilled all the accounting requirements in the registration process?
The correct answer is a comfort letter.
An underwriter typically requires a comfort letter from an accountant which indicates that the company has fulfilled all the accounting requirements in the registration process.
A comfort letter as the name suggests is a letter or a document that is made by an accounting firm for the recipient that assures the financial backing the company has because of the clause or the agreement the company has agreed to or signed,
In corporate surroundings, a comfort letter is usually signed or given to establish a due diligence defense to avoid liability for financial scams or fraud.
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anthony asked his roommate if he could borrow $50; his roommate refused. then anthony asked if he could borrow just $10, and his roommate lent him the money. this is an example of:
The given situation is an example of the door-in-the-face technique
What is a door-in-the-face technique?
The door-in-the-face approach is a compliance strategy that is frequently researched in social psychology. The persuader makes a sizable request that the responder would probably decline, which is similar to a door being metaphorically slammed in the persuader's face, in an effort to persuade the respondent to agree. If a second, more reasonable request is made after that, the respondent is more likely to comply than if the first request is made alone. The foot-in-the-door (FITD) strategy, where a persuader starts with a modest request and progressively raises the demands of each request, can be compared to the DITF technique. The FITD and DITF methods both raise the possibility that a response may grant the second request.
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anthony asked his roommate if he could borrow $50; his roommate refused. then anthony asked if he could borrow just $10, and his roommate lent him the money. this is an example of:
a situation in which the unregulated competitive market outcome is inefficient beasue prices fail to provide proper signals to buyer and sellers is known as
A market failure occurs when the unregulated competitive market outcome is inefficient because prices fail to provide proper signals to buyers and sellers.
A marketplace with many buyers and sellers where no one buyer or seller can control the market is referred to as a competitive market in economics. Competitive markets have many buyers and sellers, no entry barriers, and uniform products.
Monopolistic competition, also known as a competitive market, occurs when there are a large number of firms, each with a small share of the market and slightly differentiated products.
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In a merge situation, the right of way goes to the car occupying the lane into which other cars are merging. True False
False, Under these conditions is the car can enter its lane and to avoid the rampage on the road. If we drive according to the rules, it will avoid accidents.
Accidents in traffic are very likely to occur, this can occur due to internal factors or external factors. One of the internal factors is drowsiness, driving while playing on a cellphone, and not focusing. for external factors are other vehicle user errors and damage to traffic tools such as traffic lights that are not active on time. If an accident occurs, it will have an impact on yourself and others. Even the worst impact is the loss of one's life.
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For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to _____.
For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to provide them with evidence of the system's effectiveness and success stories.
According to the diffusion of innovation theory, in order to promote a new technology one needs to lure the customers into thinking that why the particular product is effective and also there shall be stories that represent how the product benefitted the customers who used the new technology.
Without these promotional strategies, people will not be convinced for the new technology. Any kind of new technology that is brought into the market has to be proven effective through success stories.
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when examining a master budget, where does a company find the planned expenditures for facilities and equipment?
A master budget will show all the details of the company's income-generating actions via the operating budget, with an overview of revenue and expenses.
What are the master budget's three primary parts?A master budget is composed of three primary parts. Operating budgets include all basic business costs and revenue. The budget for capital expenditures includes costs for longer-term projects and assets. Cash flows and business financial information are covered in financial budgets. A projection of what would appear on the balance sheet at the conclusion of the accounting period will also be included, along with cash inflows and outflows from the cash flow statement.
Perhaps the most closely examined part of the master budget is the budgeted income statement.
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Which do the following is a example to why body art may not be a concise red safe in the workplace? The manager does not wear any jewelry. Certain types of jewelry can get caught in machinery. Visible tattoos can distract team members from their work. Some employees have expressed views against body art.
An example of why body art may not be a concise red safe in the workplace is Certain types of jewelry can get caught in machinery.
Why might body art be avoided in certain work places?There are certain types of work that will prohibit the use of certain types of body art as they can be dangerous given the processes involved in the work. For instance, certain types of jewelry may be refused in a certain type of work place if it will get caught in machinery. This would be dangerous to the production in the company and so it would be dangerous.
There are reasons why body art can still be allowed in a company however, and they include the manager hating the body art and not wearing such things. If tattoos are allowed, they can be used regardless of whether it will distract team members from their work.
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under the merchants' exception rule of the ucc, within a reasonable time of making an oral contract, if a merchant sends a written confirmation to another, and if the confirmation is definite enough to bind the sender herself, then the merchant who receives the confirmation will also be bound by it unless he objects in writing within
The confirmation should be within in 10 days. It should be sent by the merchant.
Reasonable time in economic and business generally can be defined as that amount of time which is fairly necessary, conveniently, to do whatever is required to be done, as soon as circumstances permit. In contact business, reasonable time based on subjective circumstances also can be defined as the time needed to do what a contract requires to be done.
Commercially Reasonable Period of Time generally can be described as twelve months for a willing seller and also a willing buyer to agree on price and terms, plus the time necessary to complete the sale.
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Indicate whether each of the following is counted in the United States gross domestic product for the year 2006. Explain your answer.
a. The value of used textbooks sold through an online auction in 2006.
b. Rent paid in 2006 by residents in an apartment building in 2000.
c. Commission earned in 2006 by a stockbroker.
d. The value of automobiles produced in 2006 entirely in South Korea by a firm fully owned by United States citizens.
The value of used textbooks sold through an online auction in 2006 is the gross domestic product for that year.
Which of the following variables is used when computing GDP?The calculation of a country's GDP takes into account both total private and public consumption, government spending, investments, increases in private inventories, paid-in building expenses, and the international balance of trade. (Imports are deducted from the total, while exports are added.)
What are the gross domestic product's four components?The four primary parts of the gross domestic product are government spending, corporate investment, personal consumption, and net exports. 1 That tells what a country is best at producing. GDP is a measure of a country's annual total economic production.
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in the long run, a firm will exit a competitive industry if question 4 options: a) total revenue exceeds total cost. b) the price exceeds average total cost. c) average total cost exceeds the price. d) both a and b are correct.
In the long run, a firm will exit a competitive industry if average total cost exceeds the price (the right option is option C).An industry that is competitive has few entry barriers and permits enterprises to readily enter and depart the market.
Since anyone can choose to create a new pizza shop and existing owners can choose to close their doors whenever they like, the market for pizza restaurants in a particular large city, for instance, may be very price competitive. In long run to customer demand for products and services, a competitive market develops. Due to the competition created by this market system, businesses must assess their costs of production, pricing policies, and product output. A business competes and operates in a dynamic external system known as a competitive environment.
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Brew-at-home is entering a foreign market and is spending significant funds on educating customers about the benefits of making beer at home with its beer-making system. The cost the company is spending on education is a type of __________ cost.
The cost company in a foreign market is spending on the education is a type of pioneering cost.
What are foreign markets?Markets outside of a company's home nation are referred to as foreign markets. Dealing with various linguistic and cultural barriers as well as legal and administrative requirements is part of selling in international markets. Businesses that want to enter a new market must thoroughly investigate the prospective opportunities and develop a market entry plan. The initial step to entering a foreign market is frequently exporting goods (which can lead to setting up a business presence there). When expanding into a new nation, it can be helpful to hire a foreign sales agent, a native who is familiar with the culture of the target foreign market.
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