The concept is a function of management which is Organizing, the procedure of aligning the activities in a certain order. The answer is option C, Arranging and structuring work
Organizing is the management function of creating an organizational structure and allocating personnel to ensure the achievement of objectives. Organizing involves assigning tasks, grouping tasks into departments, delegating authority and allocating resources within the organization.
During the organizational process, leaders coordinate people, resources, policies, and procedures to facilitate the achievement of the goals defined in the plan. Organizing and planning your work in advance can help you work more efficiently.
Good organization and the development of effective plans also enable you to achieve important goals.
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beck manufacturing reports the following information in t-accounts for the current year. raw materials inventory debit credit beginning 10,600 purchases 58,500 available for use 69,100 direct materials used 50,000 ending 19,100 work in process inventory debit credit beginning 17,600 direct materials used 50,000 direct labor 34,900 overhead 56,500 159,000 cost of goods manufactured 144,400 ending 14,600 finished goods inventory debit credit beginning 19,600 cost of goods manufactured 144,400 available for sale 164,000 cost of goods sold 143,200 ending 20,800 1. prepare the schedule of cost of goods manufactured for the year. 2. compute cost of goods sold for the year.
1. Schedule of cost of goods manufactured:
Direct materials used: 50,000
Direct labor: 34,900
Overhead: 56,500
Total manufacturing costs: 141,400
Add: Beginning work in process inventory: 17,600
Less: Ending work in process inventory: 14,600
Cost of goods manufactured: 144,400
2. Cost of goods sold for the year:
Cost of goods manufactured: 144,400
Add: Beginning finished goods inventory: 19,600
Less: Ending finished goods inventory: 20,800
Cost of goods sold: 143,200
What is preparing a schedule for the cost of goods manufactured?
A schedule of cost of goods manufactured is a report showing the costs involved in producing goods sold in a given period. It details direct materials, direct labor, and overhead costs to determine cost of goods sold and profitability.
Hence, the answer is Cost of goods manufactured: 144,400 and Cost of goods sold: 143,200.
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unrealized holding gains or losses which are recognized in income are from debt securities classified as? a.held-to-maturity. b.available-for-sale. c.trading. d.none of these
Unrealized holding gains and losses from debt securities classed as trading are reported in income.(Choice c)
Describe trading.Simply put, trading is the act of purchasing and disposing of financial assets (such as shares, foreign exchange, and indices) with the intention of profiting from variations in their price changes.The Indian Stock Exchange is an excellent place to begin investing your money, particularly for novices. There are numerous benefits for investors on the Indian stock market. In the field of finance, a trade is a predetermined plan created to profit from market longs or shorts. A thoroughly researched trading strategy is beneficial primarily because it is verifiable, quantifiable, consistent, and objective.
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a linked system of processes that gather resources, convert them into goods, package them for distribution, disperse them, and sell them on the market.
Commodity chains are a network of interconnected procedures that gather resources, convert them into products, distribute those products, package them for distribution, and sell them on the open market.
A commodity chain is a method that businesses use to obtain resources, change them into products or commodities, and then distribute those products to customers. It is a network of connections that join the many production and distribution hubs to create a good that is subsequently traded on the global market. It is, in a nutshell, the coordinated route taken by a good as it moves from producers to consumers. Depending on the kinds of marketplaces or the kinds of products, commodity chains can vary widely. A commodity chain's various stages may involve other economic sectors as well as the same company.
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Why do companies use job cost sheets?
Cost sheets seem to be documents used by firms to control the material costs associated with product production. These papers can track individual notable contributions to better examine how much money it expenses to manufacture a product, assisting you in determining the appropriate retail selling price and making a profit.
However, because job cost sheets clarify where expenses happened, clients may simply comprehend what really paid for. The sheet was updated whenever an expense is incurred. A job cost sheet can also be a useful tool for businesses that make job bids.
A job cost record is created to total the costs comprising direct materials, and direct labor, including overhead for a single job. As such, it serves as a starting point for a job costing system, inside which expenses for batches of units are accumulated.
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TRUE or FALSE. market entry is the same as building a sustainable business.
The given statement is false as A planned technique of distributing and delivering goods or services to a new target market is known as a "market entry strategy."
It refers to the formation, establishment, and administration of contracts in another nation when discussing the import and export of services. Without ever entering new markets, many businesses can thrive in narrow sectors. On the other hand, for some companies, expanding into a new market is the only way to improve sales, brand recognition, and financial stability. A detailed examination of potential competitors and potential clients is necessary when developing a market entry plan. When determining the viability of entry into a specific market, relevant elements such trade obstacles, localised expertise, price localization, competition, and export subsidies must be taken into account.
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you have been contracted by an organic honey startup company to design a process for efficient honey gathering. it is a daunting task trying to maintain the schedule, as there are many variables to consider related to the bee's honey production. which option can be used to reduce the complexity of this task? answers a. work performance information b. variance analysis c. organizational process assets d. project management software
Project management software can be used to reduce the complexity of this task.
What is Project management software?
Resources can be planned, organized, and managed with the aid of project management software (PMS), which can also be used to create resource estimations. Depending on the level of sophistication, the program can manage resource allocation, estimating and planning, scheduling, cost control and budget management, communication, decision-making, quality management, time management, and administration systems. Project management software and contract management software are widely available as PC and browser-based goods and services. If you use them for business project management, it can significantly help you, your team, or even your clients.
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Broker Nathan worksfor seller Ted. Nathan should do all of the following except1 accounting for all monies.2 maintain confidential Information.3 provide legal advice.4 be loyal to Ted.
Broker Nathan worksfor seller Ted. Nathan accounting should do all of the following except1 for all monies.2 maintain confidential Information.
Accounting tracks the results of a company's economic activity and communicates this data to a variety of stakeholders, such as creditors, managers, investors, and regulators. The "language of business" has been referred to as accounting[3]. [4] Those who practise accounting are known as accountants. Financial reporting and accounting are frequently used synonymously.Among the many accounting specialties are cost accounting, management accounting, tax accounting, and financial accounting.The focus of financial reporting is the dissemination of financial information about an organisation, including the development of financial statements, to external users of the information, such as investors, regulators, and suppliers.
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why are there no glaciers in south america or africa?
Most of the glaciers in South America are receding. When melting glaciers are not replenished by fresh snowfall or ice formations, they retreat as a result of precipitation and climate change.
Give a brief account on glaciers.An extended mass of dense ice that moves continually under its own weight is referred to as a glacier. A glacier is produced when long-term snowfall—often centuries long—outpaces snowfall ablation. It flows smoothly and deforms under the pressure of its weight, giving it characteristic features like crevasses and seracs. Rock and other debris from the substrate are eroded away as it travels, creating landforms like cirques, moraines, and fjords. Even though a glacier may flow into a body of water, it is distinct from the considerably thinner sea ice and lake ice that develop on the surface of bodies of water because it grows only on land. The biggest freshwater reserve on Earth is found in glacial ice.
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which of the following is true about free cash flow? multiple choice it is for equity providers only and is tax adjusted it is for all capital providers and is tax adjusted it is for equity providers only and is not tax adjusted it is for all captial providers and is not tax adjusted
The following is true for the free cash flow: it is for equity providers only and is not tax adjusted.
What is free cash flow?
The amount of money a business makes after deducting capital expenditures, such as the cost of constructing a new factory or buying new machinery, is known as free cash flow. After the firm has made all the investments required to run and expand, it reflects the amount of cash left over for shareholders. It is seen as a crucial sign of a company's financial health since it reveals if it is making enough money to pay dividends, make acquisitions, or pay off debt. The difference between operational cash flow and capital outlays is typically used to determine free cash flow.
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which of the following is true about free cash flow? multiple choice it is for equity providers only and is tax adjusted it is for all capital providers and is tax adjusted it is for equity providers only and is not tax adjusted it is for all captial providers and is not tax adjusted
you have just gained formal approval to initiate a project designed to create a new prototype of an environmentally friendly public transportation system. you need to ensure the stakeholders have a common understanding about the key project deliverables and their roles and responsibilities. which of the following is the best source of this information? answers a. the project charter b. the requirements documentation c. the communications management plan d. the project management plan
Option a: The project carter. the best source of this information is the project carter.
The purpose of the project initiation process is to initiate the project. Important questions about the need and feasibility of the project are asked and decisions are made on how to proceed.
The project initiation phase is the phase in which project goals and timelines are defined. This process is based on PMBOK framework. This is a widely used best practice in project management.
Key project stakeholders, such as project teams and project sponsors, are identified and brought together.
Project leaders refer to business cases and project proposals to understand project needs. Information required to evaluate project time and cost estimates is also collected.
The process initiation process includes activities aimed at defining a project. The process concludes by creating a project sponsor outlining the project's objectives and requirements.
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what will happen if consumers expect higher coffee prices in the future?
If people anticipate paying more for coffee in the future, then the demand for coffee will rise right away. In the event that the government chooses to subsidise the production of a thing, the equilibrium price and quantity would both decline.
Market supply and demand must balance one another to reach equilibrium, which leads to stable pricing. In general, when there is an abundance of products or services, prices decline, which increases the demand, but when there is a scarcity, prices rise, which decreases demand. When the supply and demand are balanced, a market is said to have attained equilibrium.
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for a monopoly, the socially efficient level of output occurs where a. marginal revenue equals marginal cost. b. price equals average total cost. c. price equals marginal cost. d. marginal revenue equals average total cost.
The concept is Monopoly, which is a situation where there is a single seller in the market. The answer is an option, A.
Marginal revenue equals marginal cost. A socially effective position in economics is a point where the social weal of members of the community or consumers is maximized.
In conventional profitable analysis, the monopoly case is taken as the polar contrary of perfect competition. By description, the demanding wind facing the monopolist is the assiduity demand wind which is over leaning.
A director maximizes profit when the value of the last unit of product( borderline profit) equals the cost of producing the last unit of product( borderline cost). Maximum profit is the position of the affair where MC equals MR.
Unlike a competitive assiduity, a monopoly doesn't produce an effective affair. Monopolists charge advanced price and a produce lower affair than a competitive assiduity. Effective affair occurs where borderline social cost and borderline social benefit are equal.
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nour just started a summer internship at her dream employer. she really wants to do well in this internship so that she will be offered a full-time position once she graduates from college. she knows that this work environment will be much different from the casual environment at the retail shop where she currently works, and she knows she has a lot to learn. during her interview, the employer stressed the importance of intercultural communication skills, both verbal and nonverbal. nour was told she would be assigned to work with a newly formed team that would be supporting a large client in the middle east. teamwork and problem-solving skills would be key to success in this position. nour has taken college courses that have helped her learn important communication skills for the workplace. these communication skills include logical reasoning, critical thinking, and emotional intelligence. how will these skills help nour in her teamwork and problem-solving skills?
She is really motivated to succeed in her internship in the hopes that it would lead to a full-time job offer after she graduates from college.
Why is controlling your career preparedness a process where willingness is at the core?
You are in charge of determining how your future will be. Being effective in management entails making cost- and wise-use of resources. knowledge unique to the work required to succeed in a particular profession. Your level of career readiness reflects how well you meet the knowledge, abilities, and qualities that employers look for. The three biggest disparities, in the opinion of employers, are: 1. Analytical and critical thought.
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your boss tells you to investigate how to improve communication between your company’s los angeles and san francisco offices. she asks you to write a report about your findings.
The investigation on the communication between the Los Angeles and San Francisco offices highlighted the importance of effective communication for the success of the company. By implementing the recommendations outlined in this report, the company can improve the flow of information and increase collaboration between the two offices.
The investigation on the communication between the Los Angeles and San Francisco offices began by gathering data through surveys and focus group discussions with employees from both offices. This data provided valuable insights into the current state of communication between the two offices and helped to identify areas of improvement.
One of the key findings from the investigation was that there was a lack of regular communication between the two offices. This was due to the distance between the offices and the different time zones, which made it difficult to schedule regular meetings or calls. The employees also reported that emails and messages were often not promptly responded to, causing delays in getting work done.
To improve communication, the investigation suggested a number of solutions. Firstly, it was recommended that regular video conference calls be scheduled between the two offices to ensure that there is face-to-face interaction between employees. This would help to build stronger working relationships and increase collaboration.
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when resources are equally suited to the production of either of the two goods on a basic production possibilities curve, one would expect the curve to when resources are equally suited to the production of either of the two goods on a basic production possibilities curve, one would expect the curve to bow inward toward the origin and demonstrate decreasing opportunity costs. bow outward from the origin and demonstrate increasing opportunity costs. have a positive slope and demonstrate no opportunity costs. be linear and demonstrate constant opportunity costs.
When resources on a basic production possibilities curve are equally suited to the manufacture of either of the two items, the curve is linear and exhibits constant opportunity costs.
The Production Possibilities Curve is defined as a model that illustrates the tradeoffs involved in distributing capital between the manufacturing of two items. Scarcity, inefficiency, efficiency, economic growth, opportunity cost and contractions may all be shown using the PPC.
The production possibility curve is significant because it may show the greatest number of items that can be produced given a particular set of resources. On a macroeconomic level, this can support economists analyze and predicted the economic activity of a country or even other unit.
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when a good is taxed, the burden of the tax falls mainly on consumers if
you purchase an annuity investment that pays you a lump sum amount of $289,284 at the end of the term. you must make $20,000 quarterly payments until the end of the term. if you earn an interest rate of 2%, how many of these quarterly payments must you make?
Quarterly Interest Rate, RATE
Quarterly payments, PMT
Initial lump sum payment, PV
Maturity amount at the end, FV
Quarterly payment type, TYPE
# of Quarterly payments required
0.5% [2% / 4; Annual rate is converted into quarterly rate]
$20,000
$0
$289,284
0 = 0 if deposits made at the end of each period; 1 if deposits
made at the beginning of each period
= 14 [Ref: NOTE]
NOTE:
# of Quarterly payments required is calculated using EXCEL FUNCTION PER(rate, pmt, pv, fv,type) where rate = 0.5%; pmt = 20000; pv = 0; fv = - 289284; type=0;
Here, value for pmt is positive as it denotes cash outflow; fv is negative as it denotes cash inflow; type=0 as deposits made at the end of each quarter only.
What are quarterly payments?
A quarterly payment is the sum of all monthly payments made at the conclusion of each calendar quarter (three months ending on the last day of each March, June, September, and December). A quarterly event takes place four times every year, separated by three months. Example: For your quarterly payments, assuming your principal is $10,000 and your total interest is $700, do the following calculation: Quarterly payments would be $10,000 + $700 = $10,700 / 4 = $2,675.
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you purchase an annuity investment that pays you a lump sum amount of $289,284 at the end of the term. you must make $20,000 quarterly payments until the end of the term. if you earn an interest rate of 2%, how many of these quarterly payments must you make?
When the perceived financial risk rises in an economy, the: A. lenders become less risk averse.
B. TED spread rises. C. TED spread falls.
D. risk premiums fall.
When perceived financial risk increases in the economy, lenders become more risk averse. This means they are less likely to lend money to borrowers because they fear they won't get their money back.
This decline in borrowing causes the TED spread, which is the difference between the three-month U.S. Treasury bill yield and the three-month LIBOR rate, to widen. This is because the three-month LIBOR rate is considered riskier than the three-month US Treasury bill yield, as the former is based on the creditworthiness of banks, which is more volatile than the US Treasury bill yield. As a result, risk premiums, or the rate of return that lenders demand to compensate for the risk they are taking, also rise.
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suppose x and y are substitutes. if the price of y increases, how will this change the market equilibrium for x?
Answer:
Explanation:
The equilibrium price and quantity are expected to rise if there is an enhancement in the price of a substitute (Y) of Good X. moderates in the price of one substitute good tends to change the demand for another substitute good.
· The demand for Good X is expected to get low due a downfall in the price of Good Y. This case causes a decrease in the price of Good X due to massive supply at the old equilibrium price. This results to competition among the sellers which lessen the prices. Decrease in price results to rise in demand and fall in supply. These modification continue till the new equilibrium is achieved. Thus, the equilibrium price reduced to OP1, and the equilibrium quantity demanded lessen to OQ1.
· If there is fall in the demand, the demand curve will shift towards the leftwards to D1D1 and the supply curve SS will remain the constant.
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cascading communication is the flow of information from manager to their employees. T/F
Cascading communication is the flow of information from manager to their employees.True
Cascading communication refers to the flow of information from a manager or senior executive to their subordinates, typically employees. This process involves passing down important information, instructions, and updates from the top level of an organization to the lower levels. The goal of cascading communication is to ensure that all employees are aware of the organization's goals, strategies, and priorities, and to promote alignment and cooperation among different departments and teams. This type of communication helps to create a sense of shared purpose and direction, and enables employees to understand how their work fits into the bigger picture. By promoting effective communication, cascading communication can improve organizational performance and foster a culture of transparency and collaboration.
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Which would NOT be considered factors in supply analysis? employment ratesstanding stockvolume of new construction conversions in progress
The correct response is a. employment rates. Employment rates be considered factors in supply analysis.
The process of closely scrutinizing something to learn more about it or form an opinion about it as a result of doing so: A thorough evaluation of the performance of the investment strategy was done independently by our financial specialists. Clare's assessment of the circumstance peaked my curiosity. Analyzing something entails dissecting it into its component parts in order to arrive at your own conclusions by asking WHY and HOW questions. Analysis is your chance to give your reader context for and an explanation of the evidence. If you analyze the evidence, you may explain to the reader why it is significant, what it means, or how it relates to other concepts in your work.
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Which would NOT be considered factors in supply analysis?
a. employment rates
b. standing stock
c. volume of new construction
d. conversions in progress
you are managing a project that has received bad publicity in the local news. this is due to the project being behind schedule, all personnel being devoted to production, and proper cleanup not being performed. there was an effort to bring the project back on schedule, but the public was more concerned with debris making a mess of community. the decision to move personnel from cleanup to production would have been made during which process? answers a. direct and manage project work b. perform integrated change control c. monitor and control project work d. validate scope
The decision to move personnel from cleanup to production would have been made during the "monitor and control project work" process.
This process involves monitoring and controlling the progress of the project, including making changes as needed to ensure that the project remains on track. In this case, the project was behind schedule and the decision was made to prioritizing production over cleanup in order to get the project back on track.
Prioritizing production over cleanup was a decision made during the "monitor and control project work" process. This process involves regularly monitoring the progress of the project, identifying potential problems or deviations from the plan, and taking corrective action to get the project back on track. In this case, prioritizing production was the corrective action taken to address the project being behind schedule.
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each department in a department store is usually treated as a different _____ center and central management sets broad policies about the types of merchandise carried and prices.
Typically, each department in a department store is viewed as a separate profit centre, and central management establishes broad standards regarding the kinds of goods sold merchandise and their prices.
Any activity that makes it easier to sell products to a retail customer is referred to as merchandising. In a retail setting, merchandise is the process of artistically exhibiting objects for sale in order to persuade people to buy additional items or products. Visual display merchandising is a term used in the retail sector to describe the selling of goods through product selection, design, pricing, packaging, and display that encourages customers to spend more. Along with regulations and discounts, product displays, and physical presentations, it also involves decisions about which products to present to which clients at what times. Creatively tying in complementary items or accessories is frequently a wonderful strategy to get customers to spend more in a retail scenario.
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which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
Consumer relation responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements.
Consumer relations are the actions that people and organisations take to uphold and safeguard consumers' rights, which is a matter of social responsibility. Consumers and their advocates petition government agencies, issue public service ads, submit letters to firms, boycott businesses they believe are engaging in irresponsible behaviour, and more to further their goals.
Consumer relations refer to the interactions that a company has with its clients in order to forge enduring bonds, gather feedback, spread positive word of mouth, foster brand loyalty, enhance brand perception, etc. The consumer relationship is the bond that forms between a company and its client once the latter has made a purchase of a good or service from the former.
The consumer is king right now. Every company applies customer-centric strategies to all of its initiatives. Even while businesses aim for a sizable bottom line, they are conscious of the significance of the customer to their success.
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Complete Question:
Which social responsibility issue is associated with unsatisfied product users writing emails to companies, lobbying government agencies, making public service announcements, and boycotting reckless companies?
(A) Relations with owners
(B) Relations with competitors
(C) Supplier relations
(D) Consumer relations
(E) Employee relations
statements represent a company's primary means of communicating information to external users
Statements serve as a company's main channel for informing users outside the organization.
A group of people who cooperate, such as in a union, corporation, charity, or neighbourhood association, constitutes an organization. The word "organization" can apply to a person, a group, a company, or the process of creating something. Look at these examples to demonstrate what an organization is: Tata Motors, Goldman Sachs, Amazon, the Australian government, the International Monetary Fund, Amnesty International, FIFA, and so on. As a result, "organization" continues to be the proper form wherever English is spoken in the United Kingdom as well as all of its former colonies and dependencies, whereas "organization," with a Z," is only correct in the United States.
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Paul Ramos just graduated from college and landed his first "real" job, which pays $23,000 a year. In 10 years, what will he need to earn to maintain the same purchasing power of inflation averages 3 percent?
Paul Ramos will need to earn $35,224 to maintain the same purchasing power of inflation averages 3 percent.
Inflation is an important concept that affects everyone's purchasing power and standard of living. It refers to the rise in prices over time, which reduces the value of money.
In this context, we will look at how inflation affects Paul Ramos' purchasing power over the next 10 years and how much he will need to earn to maintain his standard of living.
To calculate the amount Paul will need to earn in 10 years to maintain the same purchasing power, we need to consider the average rate of inflation over the next decade. If the inflation rate averages 3 percent per year, we can use this formula to find the amount needed:
Amount needed = $23,000 * (1 + 0.03)^10
Where 0.03 represents the inflation rate of 3 percent. The exponent (10) represents the number of years. Plugging in the numbers, we find that Paul will need to earn $35,224 in 10 years to maintain the same purchasing power as $23,000 today.
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A form on which a brief message is written describing a transaction.
A form on which a brief message is written describing a transaction is called a memorandum.
What is a form for transaction recording?Journal, A method for chronologically documenting transactions is known as a journal. Journalizing is the process of logging transactions in a journal.Journal. a document for chronologically tracking transactions. Journalizing. journaling transactions that have occurred. Entry.An entry is the name given to the data for each transaction that is recorded in a journal. Double-entry accounting is the process of recording a transaction's credit and debit components. A source document is a piece of business writing used to gather data for a journal entry.In a journal, you keep track of every business transaction that appears on your supporting papers. For transactions that take place regularly, you might need to keep different diaries.To learn more about memorandum refer to:
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In 2008, the once thriving company took a financial blow during the great recession. Profits fell, but that was not the story the leaders of the company were telling. The ceo was obviously aware of the corruption happening in her company and even encouraged it for her own gain. Unethical accounting practices made the company appear to be profitable to shareholders. The company's net worth seemed to hold steady as the rest of the market fell, day after day. Finally, a whistleblower in the accounting department uncovered the scheme. Unbelievably, none of the wrongdoers were arrested.
This depiction gives off an impression of being referring to an organization that participated in deceptive bookkeeping practices to beguile investors and keep a deception of benefit during the 2008 monetary emergency.
Regardless of the revelation of these practices by an informant, no captures were made.
An organization participated in deceptive bookkeeping during the 2008 monetary emergency to delude investors and keep up with misleading productivity.
An informant revealed the plan, yet no captures were made. The Chief knew about and supported the defilement. The organization's total assets showed up consistently while the market fell.
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what role can (should) supply play in determining a firm’s strategy in the area of social and environmental issues and trends?
In today's business world, a company's approach to social and environmental issues and trends can play a significant role in its overall strategy. In this context, supply plays a crucial role in determining a firm's approach to these issues.
Supply refers to the inputs, resources, and materials that a company uses to produce its products or services. By carefully managing its supply chain, a company can ensure that it is sourcing materials in an ethical and sustainable manner, and that it is taking steps to minimize the environmental impact of its operations.
For example, a company may choose to source materials from suppliers who have a strong commitment to sustainability and environmental protection, or it may choose to adopt more environmentally friendly production processes, such as reducing waste and emissions.
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Warranty and inventory costs are going up. Causing the project manager to worry about the costs of nonconformance. What is the best advice you can give the project manager?
A. Look for benchmarks.
B. Increase scrap.
C. Increase rework.
D. Perform a quality audit
The best advice you can give the project manager as warranty and inventory costs are going up is option C. Increase rework.
A warranty is the written assurance of a product's or service's reliability as given to a consumer by the service provider or the producer. Insofar as the warranty's provisions allow, warranties offer clients legally-guaranteed service substitution or issue repair for the period of the warranty.
Costs related to buying, holding, and administering inventory are included in inventory costs all across the e-commerce distribution chain. Further than the purchase price, the cost of inventory also includes storage expenses and expenditures associated with keeping finished goods that have not yet been sold.
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