The data were obtained from sample The standard deviation of the value are same.
How to interpret a standard deviation?The term "standard deviation" (or "") refers to the degree of dispersion of the data from the mean. Data are grouped around the mean when the standard deviation is low, and are more dispersed when the standard deviation is high dispersed the data is is indicated by the standard deviation. The standard deviation reveals the degree of data skewedness. It gauges how far away from the mean each observed value is. Approximately 95% of values in any distribution will be within two standard deviations of the mean.The three data et have the ame mean and rangeA. 5,7,9,11,13,15,17 /7 = 11b. 5,6,7,11,15,16,17 / 7 =11c. 5,5,5,11,17,17,17, /7 = 11The standard deviation of the value are same.
The data were obtained from sample , the standard deviation of the value are same.
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what type of business organization is is antique paper goods
Antique paper goods is a type of business that deals with the sale of antique or vintage paper products such as postcards, letters, books, magazines, and other types of written or printed materials. In this context, the term "business organization" refers to the legal structure that a business adopts to operate and manage its operations.
There are several types of business organizations, each with its own benefits and disadvantages, including sole proprietorship, partnership, limited liability company (LLC), corporation, and cooperative. The type of business organization that an antique paper goods business adopts will depend on factors such as the size and complexity of the business, the level of personal liability the owner(s) are willing to assume, and the tax implications.
A sole proprietorship is the simplest and most common form of business organization for small businesses. In this type of business, the owner is personally responsible for all debts and obligations of the business.A partnership is similar to a sole proprietorship, but with two or more owners. Each partner has a share of the profits and is responsible for the debts of the business.An LLC is a hybrid between a sole proprietorship and a corporation, offering the personal liability protection of a corporation while still allowing the owners to receive profits directly.A corporation is a separate legal entity from its owners and is generally more complex to set up and maintain than a sole proprietorship or partnership. In a corporation, owners have limited liability and the business is taxed as a separate entity.A cooperative is a type of business owned and controlled by its members, who share in the profits and control of the business.To know more about business organisation refer to-
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A company uses drones to fly food to people in regions that have experienced natural disasters. The food is packed in boxes that are attached to parachutes. How can the company change the design of its parachute to reduce the number of boxes that are damaged when they hit the ground?.
To reduce the number of boxes that are damaged upon impact, the company can change the design of its parachute to include shock-absorbing materials. This could include adding padding or airbags to the boxes themselves, or using a parachute design that decelerates the boxes more gradually.
Another option would be to add a secondary, smaller parachute to the current design. This would create a double-parachute system, which would slow the descent of the boxes and reduce the impact force upon landing.
Finally, the company could consider changing the shape of the boxes, making them more aerodynamic, so that they are less likely to tumble or spin as they fall, which could also lead to damage.
It's important for the company to carefully consider the trade-offs involved in each design change, as some changes may increase the cost or weight of the boxes and their delivery systems, or may not be feasible in the regions where the deliveries are being made. The company should test different design options in controlled conditions to determine which solution is most effective.
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what steps should you take to discover, in the most accurate and efficient manner, the reasons customers are filing complaints? what is the distinction between mediation and arbitration? should dunder mifflin's sales contracts include a clause that requires the parties to attempt resolution of the dispute by mediation? by arbitration? by some other mechanisms? if dunder mifflin's sales contracts did include a dispute resolution (other than litigation) clause, when can the courts still be used?
To discover the reasons for the customer complaints, you can take the following steps:
Conduct customer surveys to gather feedback on the experiences they have had with the Scranton branch’s service representatives.
Review customer complaints data to identify patterns or common themes.
Interview customers who have made complaints to understand their experiences in detail.
Analyse the customer complaints process and identify any potential pain points.
The distinction between mediation and arbitration:
Mediation is a voluntary, informal and confidential dispute resolution process where a neutral third party helps the disputing parties reach a mutually acceptable resolution.
Arbitration is a more formal dispute resolution process where a neutral third party hears evidence and makes a binding decision on the dispute.
Whether Dunder Mifflin's sales contracts should include a clause requiring the parties to attempt resolution of the dispute by mediation, arbitration, or some other mechanism would depend on the company's specific circumstances and goals.
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The given question is incomplete. The complete question is as follows:
As the VP of sales for Dunder Mifflin Inc., a company that manufactures and sells papers to commercial offices, it has come to your attention that there has been an increase in the number of customer complaints concerning your Scranton branch’s service representatives. Of particular importance is the number of complaints that involve claims in excess of thousands of dollars.
because these large dollar amounts can lead to lawsuits being field, you want to investigate what is causing the increase in complaints and how Dunder Mifflin can process these complaints to avoid burdensome litigation.
If Dunder Mifflin's sales contracts include a dispute resolution clause, the parties can still use the courts if they are unable to resolve the dispute through the agreed mechanism. However, the parties may be required to exhaust the agreed dispute resolution process before pursuing litigation.
a. what steps should you take to discover, in the most accurate and efficient manner, the reasons customers are filing complaints?
b. what is the distinction between mediation and arbitration?
c. should dunder mifflin's sales contracts include a clause that requires the parties to attempt resolution of the dispute by mediation? by arbitration? by some other mechanisms?
d. if dunder mifflin's sales contracts did include a dispute resolution (other than litigation) clause, when can the courts still be used?
believing that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request are examples of
Believing that employees should be promoted solely on the basis of merit, that no bribes will be paid to foreign officials to obtain business licenses, and that companies should offer extended maternity leave upon the employee's request are examples of Values.
What is Business?An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business.
Values are the essentially enduring and firmly held attitudes and ideas that guide a person's behavior, such as the conviction that justice entails making hiring decisions based on aptitude rather than family history.
The cornerstone of an organization's core principles is what matters most to it. It gives everyone on the team a goal to comprehend, strive for, and live by. Employees learn the successful behaviors that are required of them once you identify and promote your company's values.
Therefore, the Correct answer is values.
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Identify the missing amount for each of the following situations: Total Assets Total Liabilities Stockholders' Equity $? $ 360,000 $ 220,000 b. 135,000 45,000 ? 425,000 305,000 a. C. ? a. Total assets $
A. $225,000 (Stockholders' Equity) is equal to $360,000 less $135,000. b. $425,000 - $225,000 = $200,000 (Total Liabilities) . c. $220,000 + $45,000 = $265,000 (Total Assets). Any quantity or worth of something, usually money, is referred to as an amount.
A numerical value that reflects a quantity or value of anything is referred to as an amount. It can be used to describe the worth of money, products, services, or other valuable things. Amounts are used to express the worth of assets, obligations, income, expenses, and equity in financial contexts. Accounting, finance, and company operations all depend on the calculation and administration of amounts. Decisions are made using numbers to assess financial performance, plan for growth, and achieve success in the future. Additionally, as they reflect the worth of the goods or services transferred between individuals and corporations, quantities play a crucial part in everyday transactions. It is crucial to have dependable and precise numbers since inaccurate numbers might result in false financial statements.
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What happened F8962 070 the e file database indicates that Form 8962?
The F8962 070 the e file database indicates that Form 8962 means the IRS sent this check to taxpayers who earned Premium Tax Credit (PTC) payments for the fiscal year 2021.
What is F8962-070 code?The IRS sent this check to taxpayers who earned Premium Tax Credit (PTC) payments for the fiscal year 2021. If an individual tax return does not include Form 8962, Premium Tax Credit, it will be rejected with code F8962-070: According to the e-File database, Form 8962 or a binary attachment with the caption "ACA Explanation" must be included in the return.
In tax year 2021, the IRS began utilizing this reject. When the IRS database reveals that the taxpayer, spouse, or dependant got an advanced premium tax credit but the form is missing from the efile, reject F8962-070 problems.
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in a digital ad, geo treks, a retail sports equipment store, falsely accuses its competitor headwaters of selling stolen kayaks and other gear. headwaters sales decrease as a result. geo treks has most likely committed:
Geo Treks has most likely committed defamation.
Defamation is a false statement that harms the reputation of an individual or entity. When a company, such as Geo Treks, makes a false statement that accuses another company, such as Headwaters, of illegal activity, it can cause harm to that company's reputation and result in a decrease in sales. If Headwaters can prove that Geo Treks made a false statement with the intention of harming its reputation, then Geo Treks could be liable for defamation.
Such false accusations are not only unethical but also illegal and can have serious consequences, including legal action and damages to the company's reputation. It's important for companies to ensure that their advertising and marketing practices are accurate and not harmful to others.
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The specifications on an electronic component in a target-acquisition system are that its life must be between 5000 and 10,000 h. The life is normally distributed with mean 7500 h. The manufacturer realizes a price of $10 per unit produced; however, defective units must be replaced at a cost of $5 to the manufacturer. Two different manufacturing processes can be used, both of which have the same mean life. However, the standard deviation of life for process 1 is 1000 h, whereas for process 2 it is only 500 h. Production costs for process 2 are twice those for process 1. What value of production costs will determine the selection between processes 1 and 2?
Production costs allude to the costs a company causes from assembling an item or offering a support that creates revenue for the company.
Given, Mean = 1 = 7500 Standard deviation 1 = 1000 Mean = 2 = 7500 Standard deviation 2 = 500 It is given that , Lower limit = 5000 Maximum breaking point = 10000 For the interaction 1, p1 = 1 - P(5000 <= x1 <= 10000) = 1 - P((5000 - 7500)
Production costs, which are otherwise called item costs, are caused by a business when it makes an item or offers a support. These costs incorporate different costs. For instance, makers have production costs connected with the unrefined substances and work expected to make the item. Service industries cause production costs connected with the work expected to execute the service and any costs of materials associated with conveying the service.
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if you invest $100 at a stated annual rate of 10 percent compounded quarterly, how much more money will you have in 10 years than if the rate was compounded annually? multiple choice question. $3.43 $9.13 $7.56 $5.71
If you invest $100 and the rate as compounded quarterly, you will have more $3.43 than if the rate was compounded annually.
To solve this problem, we wll use the compound interest formula:
A = P (1 + r/n) ^(n.t)
Where:
A = total amount
P = principal investment
r = annual interest rate
n = number of period
t = time period
From the case, we know that:
P = $100
r = 10%
n1 = 4 (quarterly)
n2 = 1 (annually)
t = 10 years
First, we will calcuate the total amount if the interest rate was compounded quarterly:
A = P (1 + r/n) ^ (n.t)
A1 = $100 (1 + 10%/4) ^(4 x 10)
A1 = $100 (1 + 0.025)^40
A1 = $268.51
Next, we calculate the total amount if the interest was compounded annually:
A = P (1 + r/n) ^(r.n)
A2 = $100 (1 + 10%/1) ^(1 x 10)
A2 = $100 (1 + 10%)^10
A2 = $259.4
The difference between the 2 total amounts would be:
ΔA = A1 - A2
ΔA = $268.51 - $259.4
ΔA = $9.13
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in 2021, dangerous dragon, inc. (a retail clothing company) sold 534,800 units of its product at an average price of $18 per unit. the company reported estimated returns and allowances in 2021 of 3 percent of gross revenue. dangerous dragon actually purchased 550,000 units of its product from its manufacturer in 2021 at an average cost of $9 per unit. dangerous dragon began 2021 with 85,000 units of its product in inventory (carried at an average cost of $9 per unit). operating expenses (excluding depreciation) for dangerous dragon, inc. in 2021 were $1,930,700 and depreciation expense was $126,240 . dangerous dragon had $10,000,000 in debt outstanding throughout all of 2021. this debt carried an average interest rate of 6 percent. finally, dangerous dragon's tax rate was 40 percent. dangerous dragon's fiscal year runs from january 1 through december 31. given this information, construct dangerous dragon's multi-step income statement for 2021. what did dangerous dragon, inc. record as net income on its 2021 income statement?
dangerous dragon, inc. (a retail clothing company) sold 534,800 units of its product at an average price of $18 per unit. income statement the company
Return equals 3% of total salesNet Sales therefore equal $8,551,995.3 (8816490*97%). 550000 units total were purchased at $9.
Inventory carried forward = 85000 at $9
nonetheless, as there are 587766 sold units, we will only accept cost for those 587766 units.
Thus, the total cost of the commodity sold is 587766*9, or $5,289,894.
Following are Dangerous Dragon's overall Income Statement and Net Income.
The income statement contains what?An income statement displays the revenues, costs, and profitability of a business over time. It is also sometimes referred to as an earnings statement or a profit-and-loss (P&L) statement. It displays your sales revenue for goods and services. expenses for running your firm and generating money.
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when an owner invests cash in a business, the owner’s capital account is
Option c: increased by a credit. When the owner invests cash in a business, the owner's capital account will be increased by a credit.
Capital is the financial resources (money and other assets) that a business owner uses to fund a business and generate profits. Consists of cash, equipment, bonds, land or buildings.
Capital can also represent a company's accumulated wealth or an owner's investment in the company. Basically, it's how much a business owner has at a given point in time.
When you start a business and want to get a bank loan, the bank wants to know that you have invested in the business.
If the owner is not involved in the transaction, he can walk away, take the bag and leave the bank.
If you want to start a business, you have to start investing. You may need to take out a personal loan to get the funds to invest in your business.
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Complete question:
When the owner invests cash in a business, the owner's capital account is ____.
A. increased by a debit
B decreased by a debit
C. increased by a credit
D. decreased by a credit
who is exempt from paying taxes on lottery winnings
Individuals who are not U.S. citizens are exempted from paying taxes on lottery winnings.
Lottery winnings are generally subject to federal and state taxes. However, there are certain individuals who are exempt from having to pay taxes on their winnings.
Individuals who are not U.S. citizens, or those who are not residents of the state in which the lottery is based, are not required to pay taxes on their lottery winnings.
Additionally, some states exempt certain government employees, such as firefighters and police officers, from paying taxes on their winnings.
Certain religious organizations, too, are exempt from paying taxes on their winnings. Finally, members of the military who are on active duty may be exempt from paying taxes on their winnings. There are some other exemptions, but these are the most common.
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When there is uncertainty about a company's ability to continue as a going concern, the auditor's concern is the possibility that the client may not be able to continue its operations or meet its obligations for a "reasonable period of time." For this purpose, a reasonable period of time is considered not to exceed:
As a college student, it is important to understand the role of auditors and their responsibilities when it comes to assessing a company's financial health. One of the key areas of concern for auditors is the company's ability to continue as a "going concern."
When there is uncertainty about a company's ability to continue as a going concern, the auditor's primary concern is the possibility that the company may not be able to continue its operations or meet its obligations for a "reasonable period of time."
The auditor must assess the company's ability to continue operating for the next 12 months, or until the next financial statements are issued, whichever comes first. This period of time is considered to be a "reasonable period of time" and is not meant to exceed 12 months from the date of the financial statements.
In conclusion, it is the auditor's responsibility to assess a company's ability to continue as a going concern and to determine if the company will be able to continue its operations or meet its obligations for the next 12 months. The concept of "reasonable period of time" is critical in this assessment and is limited to not exceeding 12 months from the date of the financial statements.
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Integrated waste management employs all of the following EXCEPTa. Using refillable soft-drink bottles
b. Using disposable diapers instead of cloth diapers
c. Using reusable canvas bags instead of plastic or paper bags
d. Using tires for the construction of artificial reefs
e. Redesigning automobiles to replace steel parts with aluminum and plastic parts
The practice that does not apply integrated waste management is using disposable diapers instead of cloth diapers (option b)
A system for decreasing, collecting, recycling, and disposing of waste products created by residential, institutional, commercial, and industrial land uses is defined as integrated waste management. Waste can be both liquid and solid, as well as toxic and non-hazardous.
The important principles in integrated waste management are:
reducereuserecyclecompostReduce your waste in the first place! Purchase items that will last longer and have little or no packaging. Purchase a large bag of chips and bring your servings in reusable containers.
Among the options, all are applying reuse, recycle principle except: using disposable diapers.
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what is type of excellence is achieved through efficient operations, excellent supply chain management, and strong relationships with suppliers?
Operational excellence is achieved through the efficient operations, excellent supply chain management, and the strong relationships with suppliers.
What is Operational excellence?The two most crucial elements in achieving continuous improvement, according to the operational excellence philosophy, are leadership and problem-solving. It can be difficult to know how to approach the subject of operational excellence. The majority of individuals believe the topic is either too ambiguous or too broad to be discussed because it is a tough concept to define. The list of tasks you complete does not, however, constitute operational excellence. More than anything else, you and your staff should adopt this attitude. The ongoing process of improving the practices, products, or services of an organization is known as continuous improvement. A breakthrough innovation usually causes it to happen gradually over time, as opposed to instantly.
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(______) a process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.
Discounting is a process that involves calculating the current value of a future cash flow or series of cash flows based on a certain interest rate.
DISCOUNTINGDiscounting or calculation is the present value (current value) calculates the value of money that will come/future based on the value of that money now.
Future valueFuture value or also known as future value can be easily predicted if the growth rate is determined with certainty. This future value can also be used to estimate or calculate the amount of funds that will be owned in the future.
.
This term can also be interpreted as the future value of money or cash currently obtained or owned. Future value of money or cash in the future can be calculated by factoring it using a certain rate of return or return that can be generated by money or cash.
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What is sustainability in business?
Sustainability in business refers to the practice of considering and integrating environmental, social, and economic factors into business decision-making and operations.
The goal is to balance economic growth with environmental protection and social responsibility, so that the business can continue to thrive in the long term without compromising the ability of future generations to meet their own needs.
This can involve reducing the negative impacts of business activities on the environment and society, and incorporating strategies for long-term growth and stability that take into account natural resources and the well-being of workers, customers, and communities.
Ultimately, sustainability in business is about creating value for all stakeholders in a way that is economically, socially, and environmentally sustainable.
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using the guidelines in the communicating across diversity section which specifics advice would you give to sundown managemnt team about how to communicate most effectively in the the face of the company growth?the subject is communication- its on sundown bakery- strategic case
Sundown Bakery management team should consider the following communication guidelines to ensure effective communication in the face of the company's growth. First, the team should be aware of cultural, linguistic and ethnic differences among the company's employees and customers.
This will help them to craft messages that are tailored to the needs of each individual. Secondly, the team should use active listening techniques to ensure that all points of view are heard and respected. Thirdly, the team should be open to feedback from all stakeholders, including customers and employees.
Finally, the team should strive to create a safe workplace where everyone feels comfortable expressing their opinions and suggestions. By following these guidelines, the Sundown Bakery management team will be able to effectively communicate in the face of company growth.
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the supreme court gave decision making power for eminent domain to the
The supreme court gave decision-making power for eminent domain to the states and local communities.
The supreme court of India is the splendid authority of India and the very best courtroom of the Republic of India under the constitution. it is the maximum senior constitutional court, has the very last selection in all criminal subjects besides privacy laws and interstate river disputes, and additionally has the power of judicial evaluation.
The perfect courtroom in the usa is the highest court docket within the land and the most effective part of the federal judiciary in particular required by the charter. The constitution does not stipulate the variety of excellent court docket Justices; the quantity is ready alternatively with the aid of Congress. The ideally suited courtroom of India accommodates the Chief Justice and 33 other Judges appointed by using the President of India. The ultimate court docket of India accommodates the leader Justice and no longer more than 33 different Judges appointed by means of the President of India.
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Colinda has just purchased her first home for $125,000. She put down a 20 percent down payment of $25,000 and took out a 4 percent 30-year mortgage for the rest. Her mortgage payment is $477 per month. How much of her first monthly mortgage payment is amortization?.
The amount of amortization in Colinda's first monthly mortgage payment is $443.67.
The amount of Colinda's mortgage loan is $125,000 - $25,000 = $100,000.
To calculate the amount of amortization in her first monthly mortgage payment, we need to know the interest payment and the payment towards the principal.
The interest payment in the first month is $100,000 x 0.04/12 = $33.33.
The payment towards the principal in the first month is $477 - $33.33 = $443.67.
Amortization is the process of paying off a loan or debt over time in equal installments, which include both principal and interest payments. The amount of amortization in each monthly mortgage payment decreases over time, as a greater portion of the payment goes towards paying down the principal, while a smaller portion goes towards paying the interest.
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How long after your return is accepted does it get deposited?
Your refund should be issued in about six to eight weeks from the day the IRS receives your paper tax return if it is filed completely and accurately.
If you file your tax return electronically, you should get your money in less than three weeks; direct deposit speeds up the process even further.
The Internal Revenue Service claims that most taxpayers who file online will get their refund in within 21 days, provided their tax return is valid and complete.
However, the processing is take the reimbursement is for taxpayers who submit paper returns might take up to four weeks.
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FILL IN THE BLANK. when one designs a unique good or service, the individual is said to have used a(n) ____approach to starting the business. a. new-old b. old-new c. new-new d. old-old
new-new
New-new approach to starting the business.Entrepreneurship is the art of launching a firm, or more specifically, a startup business that offers innovative goods, services, or processes. It is a creative hobby, to put it mildly.
An entrepreneur views everything as a chance and acts biasedly while making decisions to take advantage of the opportunity.
An entrepreneur is a maker or a designer who develops fresh concepts and business methods in accordance with consumer demand and personal passion. Having managerial talent and effective team-building skills is crucial for business success. Successful entrepreneurs display leadership qualities. Some political economists believe that entrepreneurship requires a certain level of leadership, management, and teamwork.
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a company has a long-lived asset with a carrying value of $120,000, expected future cash flows of $130,000, present value of expected future cash flows of $100,000, and a market value of $105,000. what amount of impairment loss should be reported? $0 $5,000 $15,000 $20,000
Option A) Impairment loss should be reported in the amount of $0. When the carrying value of a long-lived asset exceeds the total of its undiscounted cash flows, an impairment loss is recorded.
Why is the impairment loss amount $0?The carrying amount ($120,000) is recoverable since the total of the undiscounted cash flows ($130,000) exceeds the carrying amount ($120,000). As a result, no impairment is seen.
An impairment loss is what?A decrease in an asset's fair value that results in its carrying amount being reduced is known as an impairment loss. The difference is written off when the fair value of an asset falls below its carrying value.
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which one of the following parties are not considered stakeholders of a firm? A. Employee B. Government C. Competitors D. Suppliers E. Customers
A) Employees are not considered as the stakeholder of a firm.
Stakeholder:
A stakeholder is a party that has an interest in the company and can influence or be influenced by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.
Internal Stakeholder :
Interest in corporate social responsibility grew, the concept was expanded to include communities, governments, and industry associations people who have employment, property or investment.
External Satkeholder:
External stakeholders are those who do not work directly with the organization, but are in some way affected by the organization's actions and results. Suppliers, creditors and public groups are all considered external stakeholders.
Example:
In the event of a company insolvency and bankruptcy, the repayment of capital investments will be prioritized among various parties. Secured creditors come first, followed by unsecured creditors, preferred shareholders, and finally common stock holders (who rather get pennies for their dollars). This example shows that not all stakeholders have the same status or privileges. For example, an employee of a bankrupt company can be fired without any severance pay.
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When you borrow money it is said to be a(n)
liability
owner's equity
asset
But when a loan is given, the borrower signs a document promising to pay back the full amount borrowed plus interest. This legally binding agreement can be viewed as an asset in accounting terms because it is worth as much as the borrower agrees to pay back (presuming they will).
An asset, liability, or owner's equity is a debt, right?Your company's liabilities include all outstanding debts, including bank loans, mortgages, unpaid accounts, IOUs, and other amounts owed to third parties.
Is equity owned by the loan?Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.
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if two products are complements in production, an increase in the price of one of the products will:
If two products are complements in production, an increase in the price of one of the products will decrease.
What happens if the cost of a manufacturing complement rises?If the cost of one of a good's manufacturing complements increases, the supply of that good also increases. A good's supply declines if the cost of one of its manufacturing complements lowers.If the production needs of two items align, they are produced simultaneously. More of one of the items is produced if the price of that product rises. Complements are created in tandem, which results in increased production of the complementary product.When two items are complementary, a rise in the price of one good will result in a decline in the demand for the other good. The demand curve is also affected by the costs of related or replacement commodities.To learn more about production refer to:
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What were the company’s predetermined overhead rates in the Molding Department and the Fabrication Department? (Round your answers to 2 decimal places.)
Statistics on the pre-determined overhead rates for the company's Fabrication and Molding departments. I would need more information about the business and its overhead expenses in order to respond to your query.
Its expected manufacturing overhead is divided by the estimated activity base at the beginning of the accounting period to arrive at a predefined overhead rate. The manufacturing process is then implemented with the preset overhead rate to make it easier to calculate a product's average cost.
Divide the entire monthly sales of the company by the monthly overhead expenses to determine the overhead rate. The overhead rate is calculated by multiplying this value by 100.
Divide $5 million by $20 million (indirect costs) to arrive at the overhead rate (direct labour costs). The corporation pays $4 in overhead costs for every $1 in direct labour costs, or an overhead rate of $4 ($20/$5).
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an organizational procurement and supply management process used to locate, develop, qualify, and employ suppliers that add maximum value to the buyers products or services.
True. an organizational procurement and supply management process used to locate, develop, qualify, and employ suppliers that add maximum value to the buyers products or services.
Purchasing and supply managers in organizations ensure an efficient and cost-effective supply chain, and supply chain management also consists of five stages.
Planning, development, manufacturing, delivery and return.
The procurement process consists of her three main activities: purchasing, contract management and supplier management.
Each activity plays a unique role, but procurement teams have historically put more effort into purchasing and contract management.
The Supplier Management Process is the set of activities an organization uses to qualify, segment, monitor, and manage its third-party suppliers.
The ideal supplier management process is a well-defined governance model that builds mutually beneficial buyer-supplier relationships through trust and accountability.
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Complete question:
An organizational procurement and supply management process used to locate, develop, qualify, and employ suppliers that add maximum value to the buyers products or services. True/False
CTSO Unit 1 – 5pts
SkillsUSA is a partnership of students, teachers and industry working together to ensure America has a skilled workforce.
Directions: Use the following links to research and answer the following questions in 3-5 sentences.
https://www.skillsusa.org/programs/program-of-work/
https://www.skillsusa.org/about/skillsusa-framework/
https://www.skillsusa.org/about/history-brand-resources/
1. What is the SkillsUSA Framework?
2. What is the connection between the Framework and industry?
3. What is the SkillsUSA Program of Work?
4. What is the SkillsUSA mission?
5. What are the official colors of the organization and what do they represent?
The SkillsUSA Framework guarantees that student participants acquire the skills needed by companies and industries.
The connection between the Framework and industry is to provide talented and skilled individuals for the growth of the economy.
The SkillsUSA Program is a chapter management tool. Work empowers each student to succeed in their career
The SkillsUSA mission is " to empower members to become world-class workers" leaders and responsible American citizens.
The official colors of the organization are red, white, blue, and gold which represents states, chapter as well as individual identity.
What is a career?A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achieve the goals of life.
With the aim of supplying America with a trained workforce, SkillsUSA is a program that draws together the American industrial workforce, teachers, and students.
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According to the law of demand the price of pizza falls from $20 to...
A. According to the law of demand and based on the graph, if the price of pizza falls from $20 to $15, what will happen to the quantity demanded?
B. If the government places a binding price ceiling of $10 in this market, will there be a shortage or a surplus of pizza? How large?
C. If an increase in the cost of producing pizzas causes the supply curve to shift to the left, will the equilibrium price per pizza rise or fall? What about the equilibrium quantity of pizzas?
A. According to the law of demand, if the price of pizza falls from $20 to $15, the quantity demanded will increase.
B. If the government places a binding price ceiling of $10 in this market, there will be a shortage of pizza.
C. If an increase in the cost of producing pizzas causes the supply curve to shift to the left, the equilibrium price per pizza will rise and the equilibrium quantity of pizzas will fall.
The price ceiling is lower than the market equilibrium price, which creates a gap between the quantity supplied and the quantity demanded. The size of the shortage will depend on the difference between the quantity supplied and the quantity demanded at the price ceiling of $10.The increase in production cost results in a lower quantity supplied at each price, causing the supply curve to shift to the left. This leads to a higher equilibrium price and a lower equilibrium quantity as the market adjusts to balance the supply and demand.
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