It be unwise for the managers of double decker lanes, a local bowling alley, to drastically modify their company's strategy under option E. desiring to mimic the strategy of Epicenter, a recent local entrant in bowling and gaming.
A protracted program you develop for your business to get to the desirable, long - term direction you picture is known as a strategy. A strategy encompasses your company's aims and objectives, the kinds of goods and services you intend to develop, the target market for your sales, and the consumers you wish to attract.
Many bowling alleys make more money if they are located in areas where families can afford a combined yearly household income of above $100,000. In contrast, it is anticipated that the children's entertainment centre industry would experience tremendous expansion in the future years.
The question is incomplete, find the complete question here
Under what circumstances would it be unwise for the managers of double decker lanes, a local bowling alley, to drastically modify their company's strategy?
A. Changing market conditions
B. Advancing technology
C. Shifting customer needs
D. Mounting evidence that the current strategy is not working well
E. desiring to mimic the strategy of Epicenter, a recent local entrant in bowling and gaming.
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Within the food industry, a growing trend is locavorism, which means consumers actively look for products that come from farms within _____ miles of where they live.
A country's GDP is significant because it provides data on the size and health of the economy. Real GDP growth is frequently taken into account when assessing the state of the economy as a whole. A rise in real GDP is generally considered to be a positive indicator of the health of the economy.
What is GDP growth?GDP gauges the monetary value of finished products and services—those purchased by the consumer—produced in a nation over a specified time period (say a quarter or a year). The total output produced inside a nation's boundaries is measured. GDP is made up of both market-oriented production—i.e., products and services produced for sale—and nonmarket production—i.e., government-provided services such those in the areas of military or education. Gross national product, sometimes known as GNP, is a different term that measures all of a nation's production from its citizens. Therefore, if a German-owned business operates a factory in the United States, its output would be counted toward German GNP rather than U.S. GDP.GDP does not account for all forms of production. For instance, because they are challenging to assess and precisely value, black-market activities and unpaid employment (such as those carried out at home or by volunteers) are not included. Thus, a baker who makes a loaf of bread for a client would contribute to GDP, but if he made the same loaf for his family, he would not (although the ingredients he purchased would be counted).Additionally, "gross" domestic product ignores the "wear and tear" on the equipment, structures, and other assets (the so-called capital stock) that are used to create the production.We can obtain net domestic product by subtracting this depletion of the capital stock, or depreciation, from GDP.To Learn more About GDP growth Refer TO:
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inc., has current assets of million; property, plant, and equipment of million; and other assets totaling million. current liabilities are million and long-term liabilities total million.
The company has current assets of million, property, plant, and equipment worth million, and other assets worth million. Its current liabilities are million and its long-term liabilities are million.
The company in question has a total of million in current assets, which are typically defined as assets that can be converted into cash or used to pay off debts within one year. These can include cash, accounts receivable, and inventory, among others. In addition to its current assets, the company also has property, plant, and equipment worth million, which are typically considered long-term assets. These are assets that are used in the company's operations and are expected to provide value over a longer period of time. The company also has other assets totaling million, which could encompass a variety of assets such as investments, intangible assets, or deferred tax assets. In terms of liabilities, the company has million in current liabilities, which are obligations that are due within one year. Examples of current liabilities include accounts payable, short-term loans, and taxes owed. Finally, the company has long-term liabilities totaling million, which are obligations that are due after one year. Examples of long-term liabilities include long-term loans, bonds payable, and pensions owed. Overall, this information provides a snapshot of the company's financial position and its assets and liabilities. By analyzing this information, it is possible to gain insights into the company's liquidity, solvency, and overall financial health.
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one way that consumers can help prevent a decrease in the number of fish species that are experiencing population declines is to responses
The experiencing population declines is to responses by consume fish that has been taken sustainably to help keep fish populations steady and cut down on the quantity of catch harvested.
What is population declines?Population reduction will reduce both the number of people who are working age and those who are of military age, hence reducing military might. decreased innovation Since younger employees and entrepreneurs are more likely to initiate change, a declining population also slows the rate of innovation. Globally, declining fertility rates are the main cause of population reduction. In 2019, more over 40% of the world's population resided in nations with replacement rates of 2.1 children per woman or less; by 2021, this percentage had increased to 60%.
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in the walmart case involving immigrant labor, a. the u.s. government alleged that walmart knowingly hired illegal immigrants from mexico, eastern europe, and other countries. b. several walmart stores were permanently closed as a result. c. walmart settled the case and thus experienced a large financial loss for the year. d. walmart was used as an example of fairness and compliance with both the letter and spirit of the law regarding immigrants.
Option a is Correct. The United States government claimed that Walmart deliberately hired illegal aliens from nations like Mexico, Eastern Europe, and others in the Walmart lawsuit involving immigrant labor.
A rule mandating employees to speak exclusively English at all times in the workplace is considered an onerous term and condition of employment under EEOC Regulation 29 C.F.R. 1606.7(a). A rule of this nature is thought to be against Title VII of the Civil Rights Act of 1964.
The following is accurate on the treatment and access of Hispanics? Hispanics are the target of blatant patterns of access and treatment discrimination, according to research. -adverse managerial decisions and a lack of supervision, in part.
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describe the information age and the differences between data, information, business intelligence, and knowledge.
The Information Age refers to the current era in human history characterized by the widespread availability and use of digital information.
The Information Age began in the late 20th century with the development of computers, the Internet, and other digital technologies. These technologies have revolutionized the way we communicate, process, and access information.
Data refers to raw, unprocessed facts and figures. Data can be anything from numbers, letters, and symbols, to images and videos. It can be collected from various sources, including surveys, experiments, and observations.
Information is data that has been processed and organized into a meaningful form. Information provides context and understanding to raw data, making it useful for decision-making.
Business Intelligence (BI) refers to the use of data, information, and knowledge to support and inform business decisions. BI involves collecting and analyzing data from various sources, such as customer transactions, sales data, and market trends, to gain insights into the performance and health of a business.
Knowledge refers to an understanding or expertise in a specific subject or area. Knowledge is created through the interpretation and analysis of data and information. It is often based on experience and can be applied to solve problems and make decisions.
In conclusion, the Information Age has changed the way we process and access information. Data, information, business intelligence, and knowledge all play different but crucial roles in the use and management of information. Data provides raw facts and figures, while information provides context and understanding to raw data. Business intelligence uses data and information to inform business decisions, and knowledge is an understanding or expertise gained through experience and analysis.
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Suppose the price of a pound of flax seed in West Virginia is currently $1. 0. The law of one price suggests that because the price of a pound of flax seed is $1. 20 in Kentucky, the price of a pound of flax seed will be ___________ in West Virginia after sellers adjust their supply in both markets
The law of one price suggests that because the price of a pound of flax seed is $1. 20 in Kentucky, the price of a pound of flax seed will be equal to $1.20 in West Virginia after sellers adjust their supply in both markets.
Markets refer to the places or platforms where goods and services are bought and sold between buyers and sellers. These can be physical locations such as street markets or malls, or virtual platforms such as online marketplaces. In a market, supply and demand determine the prices of goods and services, and buyers and sellers negotiate to reach a mutually beneficial agreement.
Different markets may specialize in specific goods or services, such as stock markets for stocks and bonds or commodity markets for raw materials and agricultural products. Effective functioning of markets depends on the availability of information, the presence of competition, and the absence of external constraints such as government regulations or monopolies. Markets play a crucial role in the allocation of resources and the growth of economies.
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according to candace sladlace, camp bow wow's manager, being a manager takes a lot of effort and it involves:
According to candace sladlace, camp bow wow's manager, being a manager takes a lot of effort and involves working on your own people skills.
According to the conventional definition, a manager is only someone who coordinates the efforts of others. Simply, managers coordinate the efforts of others to accomplish goals. Managers in the modern workforce could be in charge of particular systems or tasks that don't involve people.
The manager's main responsibility is to coordinate the efforts of all team members and provide the finest outcomes possible to assure the organization's expansion. To get the greatest performance out of the workforce, managers have a variety of duties and obligations.
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Indicate whether each account has a normal debit or credit balance. Debit Credit Retained Earnings Rent Expense Equipment Dividends
There is frequently a credit balance in the retained earnings account. This figure shows how much money a business has made overall during the course of its existence. Since dividends are paid from this account, even for a financially solid company, the retained profits amount may still be quite low.
Since retained earnings are listed as shareholder equity on the balance sheet, they constitute a credit account. As a result, a credit entry is made for an increase in retained earnings.
Is there a credit balance for rent?As a result, rent expense is a debit rather than a credit. The cost of rent is one that is recorded as an expense on the company's income statement and is calculated as an actual cost for the month, quarter, or year that it was incurred. It is displayed as a debit balance on the balance sheet.
Rent expense is a debit in accounting since it is an example of an expense. According to the debit and credit rules, all costs are referred to be debit accounts since a debit entry is used to journalize the growth in their worth.
Do dividends always result in a debit?It would be an equity account for dividends with a typical DEBIT balance (meaning, debit will increase and credit will decrease).
A typical balance, which is a debit item, is also present for dividends given to shareholders. Liabilities, equity (including common stock), and revenues all increase with a credit, therefore a credit is their "normal" balance.
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Jamie is employed as a commercial loan officer for a regional bank centered in the Midwestern section of the U.S. Her job falls into which one of the following areas of finance?
a. International finance
b. Financial institutions
c. Corporate finance
d. Capital management
e. Investments
Jamie's job as a commercial loan officer falls under the category of financial institutions.
Financial institutions are organizations that provide financial services to individuals and businesses, including the granting of loans. Commercial loan officers like Jamie work within banks and other financial institutions to evaluate loan applications and make credit decisions. They assess the creditworthiness of loan applicants and determine the risk involved in lending money to a particular individual or business. This is an important aspect of the banking industry as it ensures that the bank's funds are being loaned out in a responsible manner and with a good chance of repayment. Overall, Jamie's job as a commercial loan officer is an integral part of the financial institutions sector and plays a crucial role in the lending process.
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include a number of different groups that an organization must appeal to, such as customers, investors, employees, and communities. group of answer choices stockholders stakeholders employees trustees
An organization must appeal to a number of different groups, such as customers, investors, employees, and communities. These groups are referred to as stakeholders. Here option B is the correct answer.
Stakeholders are individuals, groups, or organizations that have an interest or concern in an organization's ability to achieve its goals. They can impact, or be impacted by, the organization's actions and decisions, and therefore must be considered in the organization's decision-making process.
Some common stakeholders in organizations include Customers: Those who purchase the organization's products or services. Investors: Those who have invested in the organization, either by buying stocks or providing loans. Employees: Those who work for the organization and are responsible for its success.
Communities: The local, regional, and national communities in which the organization operates and which can be impacted by its actions.
Complete question:
Include a number of different groups that an organization must appeal to, such as customers, investors, employees, and communities. group of answer choices
A - stockholders
B - stakeholders
C - employees
D - trustees
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showrooming involves searching for a product online to compare prices and then going to a physical store to buy it. true or false
The given statement "Showrooming involves searching for a product online to compare prices and then going to a physical store to buy it" is true because it describes the practice of using physical stores as a showroom to examine products before purchasing them online at a lower price.
Showrooming is an increasingly popular consumer practice wherein customers visit a physical store to view and test products before purchasing them online from a different retailer.
By comparison shopping online, customers can often find the same product for a lower price, enabling them to save money. Showrooming has become increasingly popular with the rise of the internet and mobile technology, as customers are now able to easily access product reviews and compare prices from the comfort of their own homes.
The practice has become a major concern for brick-and-mortar retailers, as it has significantly impacted their sales. However, some retailers have begun to embrace showrooming as a way to generate more in-store traffic and increase sales.
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bausch company is presented with the following two mutually exclusive projects. the required return for both projects is 15 percent. year project m project n 0 –$141,000 –$364,000
$33,000 $45,000,2 $33,000 $45,000,3 $33,000 $45,000, The corporation needs to compute the net present value (NPV) of each project to determine which is more profitable.
Goals, objectives, and the general strategy should be the main points of the description; task lists, in-depth historical context, or research analysis are not required. The project description is generally general; the project plan will contain more specific information. A project is just a set of tasks that must be finished in order to achieve a particular goal. A project may alternatively be described as a collection of inputs and outputs necessary to accomplish a specific objective. Projects can be managed by one person or one hundred, and they can be simple or complex.
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a symbol is defined as a numerical representation of a device or object. T/F
A symbol is defined as a numerical representation of a device or object. Symbolic representation do not share physical characteristics with the objects they represent.False.
Symbolic representation, to put it simply, is the mental association that humans make between two things or any entity, even while there is no actual relationship between them in terms of appearance or attribute. The symbolic representation is just a simple tool for making anything understandable.A symbol in computer programming is a primitive data type whose instances have a unique human-readable form. Symbols can be used as identifiers. In some programming languages, they are called atoms. Uniqueness is enforced by holding them in a symbol table.
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You are a Consulting senior and recently assisted the Stallion audit team with procedures over a specific account as part of their annual audit. Your time incurred for the audit was 20 hours. Are you a covered person relative to Stallion?
You are a covered person regardless of the number of hours you charged because you assisted the audit team by performing audit procedures.
An audit is defined as "independent review of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form, when such an examination is undertaken with a view to offering an opinion thereon." The purpose of auditing is to make sure that a company is keeping its books of accounts in accordance with the law. Auditors analyze the claims made in front of them, gather supporting data, then evaluate the claims in their auditing report. Multiple stakeholders receive third-party assurance via audits that the topic is free of material misrepresentation.
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Opportunity costs are a large factor in individual decision-making. Please sort the statements according to whether or not they have an opportunity cost.Has an opportunity costHaving a "lazy afternoon"Working an 8 hour shiftCooking dinnerEating outReading you favorite bookCatching up with an old friendDoes not have an opportunity costNothing
has a cost of opportunity
• Being "lazy afternoon" against Cooking dinner versus working an 8-hour shift versus eating out, reading your preferred book, and meeting together with an old acquaintance
Opportunity costs are the additional expenses or benefits foregone when selecting one course of action or investment over another. In other words, the opportunity cost of not doing something else is factored into every action you do. Whatever we do, we have the option of doing something different. The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory.
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what is the apr if a bank pays 0.3 interest monthly on savings
The annual percentage rate (APR) for a bank that pays 0.3 monthly interest on savings is 3.6%. This can be calculated by multiplying the monthly rate (0.3) by 12 to give you the annual rate (3.6).
APR = monthly interest * 12
APR = 0.3 * 12 = 3.6
The APR is the total amount of interest the customer pays on the loan or earns on the account over the course of a year. It is expressed as a percentage of the principal. The APR is considered more accurate than the stated interest rate because it reflects the total cost of the loan per year, including any additional fees or charges.
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while managing the execution of a project, one of the project stakeholders comes to you worried about the availability of materials for fabricating an air frame from the regular vendor. you let the stakeholder know that you will check into this further for him. a couple of days later, you respond back to him that you are waiting for a call from the supplier and have been in contact with several other vendors. the other vendors who supply the same materials have plenty in stock. what are you currently engaged in with the stakeholder? answers a. planning how to deal with the possibility that the materials may not be available b. identifying stakeholder requirements c. removing any obstacle that may prevent acquiring the necessary materials d. managing expectations of a stakeholder
Managing a stakeholder's expectations.
The project manager should take action to manage stakeholder expectations by addressing issues before they become major ones.
What is a stakeholder?
A stakeholder is any person, group, or organisation whose interests are affected by the success or failure of a project or business venture. Stakeholders can be inside or outside the company funding the project, and they all have a vested stake in the project's success. Stakeholders are significant because their choices can positively or negatively affect the project. There are additional crucial or important stakeholders, whose backing is necessary for the project to proceed. Like any other team member, a stakeholder is a person, and some are simpler to manage than others. To determine who your important stakeholders are and make sure you satisfy their needs, you'll need to understand how to employ stakeholder mapping strategies.
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davis construction, based in the united states, hesitates to enter into a joint venture with kaza limited, a brazilian company, due to inadequate protection of intellectual property rights. davis construction is trying to avoid what type of risk?
Davis construction is trying to avoid the legal type of risk as their was inadequate protection of intellectual property rights.
Legal risk is a term used to describe a form of harm that could be done to a business as a result of a legal problem. A company may face when engaging in international businesses. We can infer from the excerpt above that Central Corporation is concerned that Fission will violate a contract or take property without permission. A breach of contract is a legal concern that may prevent Central from receiving its fair part of the operation's profits. An example of an appropriate property right is when a foreign law compels a firm to hand over ownership of a property right to the government.
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martha can produce quilts or batches of chocolate chip cookies in a month. jane can produce quilts or batches of chocolate chip cookies in a month. distinguish between comparative advantage and absolute advantage.
Martha produces more quilts and batches of chocolate chip cookies than anyone else using the same resources and time, giving her a clear advantage in both products.
Opportunity cost is calculated by diving the opportunity sacrificed by not producing a good by the opportunity gained by producing some other good.
Opportunity cost for Martha is given by:
Opportunity cost of producing a batch of chocolate chip cookies[tex]=\frac{70}{140} =0.5[/tex] quilts
Opportunity cost of producing a quilt =[tex]\frac{140}{70} =2[/tex] chocolate chips
Opportunity cost for Jane is given by:
Opportunity cost of producing a batch of chocolate chip cookies[tex]=\frac{8}{24} =0.33[/tex] quilts
Opportunity cost of producing a quilt = [tex]\frac{24}{8} =3[/tex] chocolate chip cookies.
As a result, Jane has a comparative advantage in producing batches of chocolate chip cookies because Jane's opportunity cost for producing a batch of cookies is lower than Martha's, and Martha has a comparative advantage in producing quilts because her opportunity cost for producing a quilt is lower than Jane's.
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The complete question is:
Martha can produce 70 quilts or 140 batches of chocolate chip cookies in a month. Jane can produce 8 quilts or 24 batches of chocolate chip cookies in a month. Distinguish between comparative advantage and absolute advantage.
list at least one scheduling tool to keep the project on track. in 1-2 sentences, describe how you can use the tool.
Gantt charts provide a visual representation of a project's timetable and its tasks in a condensed manner.
What resources are available for project scheduling?Tools and methods for project schedulingtask listing The simplest project schedule is this one.Structure for work breakdown (WBS).Gantt graph.It has all the tools you require to maximize productivity and handle any assignment with ease. This includes the work that is scheduled to be done each day as well as the start and finish dates of a project and its subsequent activities.
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toybox, inc., manufactures the spintop, a toy that the company discovers can cause harm. before anyone is injured, anne, a pediatric nurse who has not purchased a spintop, files a suit against toybox, inc. in seeking to have the suit dismissed, toybox, inc., best argument is that anne does not have a. jurisdiction. b. certiorari. c. judicial review.
Option a is Correct. Toybox, Inc.'s greatest defense in trying to get the case dismissed is that anne doesn't have jurisdiction.
A jurisdiction is a geographical area with a unique set of laws that are governed by a court system or other government body. Any dispute between the Government of India and one or more States, between the Government of India.
The spintop, a toy that the firm learns can be dangerous, is made by toybox, inc. Before anyone gets hurt, anne, a pediatric nurse who hasn't bought a spintop, sues toybox, Inc. Any state or states on one side and one or more states on the other, or between two or more states is subject to its exclusive original jurisdiction.
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9. does nike use the direct or indirect method to compute its cash flow from operations (cfo)? how do you know?
Nike uses the indirect method in reporting its net cash flows from operating activities, also known as cash flow from operations (CFO).
This information can typically be found in the company's financial statements, specifically in the cash flow statement section. The indirect method starts with net income and then adjusts for non-cash items and changes in working capital to arrive at the cash generated from operations.
The indirect method is a widely used approach to reporting cash flow from operations (CFO) in financial statements. It provides a reconciliation of net income to cash generated from operations by adjusting for non-cash transactions and changes in working capital.
Under the indirect method, the cash flow statement starts with net income, which is reported on the income statement. It then makes adjustments for items such as depreciation, deferred taxes, changes in accounts receivable, inventory, accounts payable, and other items to arrive at the cash generated from operations.
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Tanner service company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from a beginning balance of $22,500 to an ending balance of $18,800. Accounts payable decreased from a beginning balance of $15,200 to an ending balance of $13,600. Assume that all sales were made on account. How much is cash received from customers for the year?.
$556,300 in cash was taken in from clients during the year.
For the year, money was received from customers.
= Profit from Sales (Starting Accounts Receivable - Finishing Accounts Receivable)
= $560,000 - ($22,500 - $18,800)
= $560,000 - $3,700
= $556,300
The amount of money a business earns through the sale of goods and services over the course of a particular year is referred to as annual revenue.
Before any reductions for the cost of the goods you sold or business expenses, annual income is the sum of all sales.
On income statements, annual revenue is sometimes referred to as "sales," and on your business tax form (Schedule C if you're a sole proprietor), it's "gross receipts or sales."
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Which of the following masters level accounting tracks at UGA consists of viewing the work of others to determine if the output is "free of material errors"? planning, directing, controlling, edit.
In a sensible sense, the predominant objective of monetary accounting is to accurately prepare an organization's monetary bills for a unique period, otherwise known as financial statements.
The three essential economic statements are the income statement, the balance sheet and the assertion of money flows.
Which of the following lists all phases of the commercial enterprise cycle accounting?The 4 levels of the enterprise cycle are expansion, peak, contraction, and trough
Relevance and faithful illustration are viewed to be critical qualitative characteristics of accounting information. Relevance suggests the significance of the facts in terms of enterprise and the have an impact on of the records on the business.
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https://brainly.com/question/30363255#SPJ4key west inc. manufactures inflatable kayaks. each kayak sells for $350. at a production level of 10,000 units, the total variable manufacturing cost is $1,200,000 and the fixed manufacturing cost in total is $420,000. at this level of activity, the company will incur variable selling and administrative costs of $900,000 and fixed selling and administrative costs of $770,000. how many units have to be sold to break even?
The company will incur variable selling and administrative costs of $900,000 and fixed selling and administrative costs of $770,000. The many units have to be sold to break even 8,500.
How much do I need to sell to make a profit?The total of the unit's fixed cost and variable cost incurred to produce the product, for instance, would be the break-even price for selling the product. Therefore, the break-even price is the price at which a product sells for exactly what it costs to make it (20 dollars).
How do you calculate the required number of units sold?Subtract the unit price from the total amount of sales you need to make. You can use this to determine how many units you need to sell to make your desired net income. You can adjust your estimated net income figure either upwards or lower to determine how many units you would need to sell at various income levels.
How many units are need to break even?The number of goods or services a business must sell to break even, or in other words, to avoid financial losses but also to lose money, is known as the breakeven number of units.
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what organizational buyers could be part of the industrial market?
Buyer organizations in industrial markets refer to companies and organizations that buy goods and services for use in their own production processes or for resale.
Buyer organizations, also known as purchasing organizations, are entities or groups of individuals who are responsible for procuring goods and services to meet the needs of the companies or organizations they represent. These organizations are responsible for sourcing, negotiating and purchasing products and services from suppliers, as well as managing the supply chain and ensuring timely delivery of products and services. The primary goal of a buying organization is to ensure that the company or organization it represents receives the right product or service at the right time, at the right price, and of the right quality.
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cost centers can be a drain on an organization. could internal charge backs be implemented? present specific ideas.
Yes, internal charge backs can be implemented to help mitigate the impact of cost centers on an organization.
Internal charge backs are a mechanism that allocates the costs of a cost center back to the departments or business units that are responsible for generating those costs.
Here are some specific ideas for implementing internal charge backs in an organization:
1) Develop a clear understanding of the costs associated with each cost center. This includes not only direct costs but also indirect costs such as overhead.
2) Establish a clear allocation method for each cost center. This should be based on a fair and reasonable method of allocating costs, such as the use of activity-based costing or cost driver analysis.
3) Implement a system for tracking and reporting the costs of each cost center. This may include using a software system, such as an enterprise resource planning (ERP) system, or a manual system using spreadsheets.
4) Communicate the internal charge back system to all business units and departments. This should include how the costs are calculated and how the charges are to be paid.
5) Regularly review and adjust the internal charge back system as necessary. This may be necessary due to changes in the organization's structure, changes in the cost centers, or changes in the methods used to allocate costs.
By implementing internal charge backs, an organization can better control the impact of its cost centers on its financial performance, and ensure that each business unit is held accountable for its own expenses.
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what are the total credit sales for the month of july for industry a?
When a consumer purchases goods or services from a business using credit rather than cash, the transaction is referred to as a "credit sale."
In contrast to net credit sales, which account for each of these variables, gross credit sales ignore any decreases resulting from client returns, discounts, and allowances.
Credit sales are transactions in which the debt will be paid in full at a later time.
Credit sales are a sort of transaction in which businesses grant clients credit in exchange for the purchase of products.
It does not require customers to put their own money into a firm and offers them time to complete the payment after selling the things they purchased. It benefits small firms, particularly those that lack sufficient funding. Additionally, it benefits large businesses by drawing in consumers.
When a sale is made on credit, the debtor might pay for the products or services at a later time, according to a different arrangement. If so, it is paid the following month after the sale.
Explanation:
The journal entry is shown below:
Bank credit card sales A/c Dr XXXXX
Credit card expense A/c Dr XXXXX
To Sales A/c XXXXX
(Being the sales is recorded via bank credit cards)
As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited.
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Choose the best option to complete each of the following sentences.Kathy and Clancy returned application forms promptly.Without increasing employee out-of-pocket expenses, the firm was able to offer extended dental coverage. pleased the employees.Did Sam indicate that he and had completed the proposal?The advisory board released recommendation regarding the expansion plan.
Kathy and Clancy returned the application forms promptly, pleasing the employees. The firm was able to offer extended dental coverage without increasing employee out-of-pocket expenses.
Sam indicated that he and the team had completed the proposal. The advisory board released a recommendation regarding the expansion plan.
In the first sentence, the prompt return of the application forms by Kathy and Clancy is described as pleasing to the employees. The second sentence highlights the firm's ability to offer extended dental coverage without causing financial burden to the employees.
In the third sentence, the speaker states that Sam indicated the completion of the proposal by him and the team. The last sentence mentions the release of a recommendation by the advisory board regarding the expansion plan.
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why do you suppose john stossel claims that an economy of free decisions leads to more people benefitting?
Efficiency, output, and innovation are all boosted in a market economy. Monopolies, a lack of government interference, subpar working conditions, and unemployment are some of the drawbacks of a market economy.
It promotes economic expansion and transparency. Market competition is ensured. In that their choices decide which goods or services are in demand, consumers' opinions are heard. Supply and demand spur competition, which makes it more likely that customers will receive the finest products or services at the lowest possible cost.
The ability for both the buyer and the seller to choose how they communicate is the main benefit of a free market. Customers have a lot of freedom in how they spend their money because to minimal government control. They can therefore base their purchases on what they require and desire.
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