When Ford Motor Company is familiar with a product and supplier, but tries to seek additional information on new products in the marketplace, it is in the process of a "modified rebuy", so correct answer choice is option B.
In a modified rebuy, a buyer is familiar with a product and supplier but needs to gather more information or consider additional options before making a purchase decision. This type of purchase decision involves some level of evaluation and consideration of alternatives, but not to the extent required for a completely new purchase. In a modified rebuy, the buyer may revisit the criteria used to evaluate suppliers or products and consider additional factors that were not important in previous purchase decisions.
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At the end of the current year, Accounts Receivable has a balance of $3,750,000, Allowance for Doubtful Accounts has a credit balance of $22,750, and sales for the year total $48,400,000. Bad debt expense is estimated at ¾ of 1% of sales. Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable.
Accounts receivable currently have a $3,387,000 net realizable value.
What is meant by net realizable value?The value at which an asset can be sold less the projected expenses of selling or disposing of the asset is known as a net realizable value or NRV. Accounts receivable or ending inventory value is frequently estimated using the NRV.
Given
Receivable has a balance of $3,750,000
Allowance for Doubtful Accounts has a credit balance of $22,750
sales for the year total $48,400,000
Bad debt expense is estimated at ¾ of 1% of sales
Required to Calculate:
the amount of the adjusting entry for uncollectible accountsthe adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expensesthe net realizable value of accounts receivable.The amount of the adjusting entry for uncollectible accounts can be calculated as follows:
Bad debt expense = ¾ of 1% of sales
= (0.75 / 100) x $48,400,000
= $363,000
To adjust the Allowance for Doubtful Accounts to the required balance, we need to increase the balance by the amount of bad debt expense and decrease the balance by the existing credit balance.
Adjusting entry = Bad debt expense - Allowance for Doubtful Accounts
= $363,000 - $22,750
= $340,250 (debit)
Therefore, the adjusting entry for uncollectible accounts is $340,250 (debit).
The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expenses can be calculated as follows:
Accounts Receivable = $3,750,000
Allowance for Doubtful Accounts = $22,750 + $340,250 = $363,000 (credit)
Bad Debt Expense = $363,000
Therefore, the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense are $3,750,000, $363,000 (credit), and $363,000, respectively.
The net realizable value of accounts receivable can be calculated as follows:
Net realizable value = Accounts Receivable - Allowance for Doubtful Accounts
= $3,750,000 - $363,000
= $3,387,000
Therefore, the net realizable value of accounts receivable is $3,387,000.
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if a brand creates a perception of greater value through effective marketing, which of the following will be the most likely result?
A) create customer value B) identify customer demands C) make selling unnecessary
if a brand creates a perception of greater value through effective marketing unnecessary .
Which four categories of customer value are there?
With their needs, wants, and financial resources, consumers expect goods and services with features that maximize their satisfaction and value. The four different categories of value are: psychological value, financial value, social value, and functional value.
What does "marketing strategy" mean?
A marketing strategy is a long-term plan for attaining a company's objectives through comprehending client needs and forging an identifiable and long-lasting competitive advantage. It includes everything, from defining who your target audience is to selecting the methods you will use to communicate with them.
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What document is used to summarize a job applicant’s experience, education, and achievements?
Answer:
A document used to summarize a job applicant's experience, education, and achievements is called a resume or a curriculum vitae (CV).
Explanation:
A resume is typically a one-page document that highlights a job applicant's most relevant experiences, education, and achievements, while a CV is a longer document that provides a more comprehensive overview of a job applicant's career. Both documents are used to showcase a job applicant's skills and qualifications and help potential employers to determine if the applicant is a good fit for a particular role.
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if the supplies account is the second asset account, it would be numbered: question 2 options: 110 100 115 120
If the supplies account is the second asset account, it would be numbered "120", which is option D.
If the supplies account is the second asset account, it would be numbered "120" according to a standard chart of accounts. Asset accounts are typically numbered in the 100s and sequentially incremented by 10. Since supplies is the second asset account, it follows the first account which could be numbered 101 or 100. The supplies account is an asset account that records the cost of supplies purchased by the business that have not yet been used or consumed.
This includes items such as office supplies, raw materials, and inventory. The account is adjusted regularly to reflect the current value of supplies on hand.
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Consider the following scenario to understand the relationship between marginal and average values.
Suppose Raphael is a professional basketball player, and his game log for free throws can be summarized in the following table.
Fill in the columns with Raphael's free-throw percentage for each game and his overall free-throw average after each game.
Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage
1 8/10 8/10 80 80
2 6/10 14/20 3 1/5 15/25 4 3/5 18/30 5 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Raphael's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Game Free-Throw Percentage Average Free-Throw Percentage 0 1 2 3 4 5 100 90 80 70 60 50 40 30 20 10 0
FREE-THROW PERCENTAGE GAME
You can think of the result in any one game as being Raphael's marginal free-throw percentage. Based on your previous answer, you can deduce that when Raphael's marginal free-throw percentage is below the average, the average must be . You can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be . Therefore, the marginal cost curve intersects the average total cost curve .
When the average cost decreases, the marginal cost also decreases. The marginal cost rises as the average cost does, exceeding the typical cost. When the average cost is constant (at a minimum or maximum)
What is meant by Tax Rate ?In a proportional tax, the average tax rate is equal to the set tax rate. With tax brackets, which are frequently used for progressive taxes, the average tax rate rises as taxable income rises through the tax brackets, asymptotically reaching the top tax rate.
Consider a system having three tax brackets, such as 10%, 20%, and 30%, where the 10% rate applies to income up to $10,000, the 20% rate to income between $10,000 and $20,000, and the 30% rate to all income over $20,000, as an example.
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zoning is an example of a public entity (usually a local governing body such as a city council or county board of supervisors) using police powers to regulate the use of real property.
Zoning is an example of a public entity (usually a local governing body such as a city council or county board of supervisors) using police powers to regulate the use of real property.
What does local government zoning entail?
Local ordinances govern how land is used and developed. On zoning maps, the city or county is divided into land use districts, or "zones," according to the zoning legislation, which also outlines the permitted uses for each zone.
What is the goal of zoning?
Zoning serves as a tool for local, state, and federal governments to control the land and real estate markets and ensure that they are used in concert.
The potential to speed up or sluggish growth in particular regions can also be offered via zoning. Written regulations known as zoning ordinances set out the guidelines for how real estate may be used in various zones.
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In the context of business-to-business marketing, which of the following is the most important part of marketing communications?
Advertising
Sales promotion
Direct marketing
Public relations
Personal sellingCorrect.
Although advertising is a far more visible activity, personal selling is the most important part of marketing communications for most businesses. This is particularly true in business-to-business marketing, where more is spent on personal selling than advertising, sales promotion, publicity, or public relations. See 1-1: Personal Selling Defined
The following option that show us about the most important part in the marketing communications is E. Personal selling.
In the term of economy and business strategy, Personal selling generally can be defined as a condition when a sales representative meets with a potential client for the purpose of transacting a sale. Many sales representatives rely on a sequential sales process that typically includes nine steps. Some sales representatives develop scripts for all or part of the sales process. There are several types of personal selling, such as Transactional selling, Solution selling, Consultative selling, and also Provocative selling.
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.In order to establish a claim for negligence, the plaintiff must prove all but which of the following?
Multiple Choice
A The defendant breached the duty.
B The plaintiff acted reasonably.
C The plaintiff sustained damages.
D The defendant was the cause of the injury.
E The plaintiff was owed a duty.
The plaintiff must demonstrate that all parties prior to and including the defendant were responsible for the injury in order to win a claims for negligence.
What's an claim of negligence?Four elements must be proven in court for negligence claims: duties, breach, connection, and penalties or harm. Under the legal concept of "negligence," a person who behaves carelessly and harms another persons will be held legally responsible.
What exactly is negligence law?In the eyes of the law, negligence occurs when someone acts carelessly and causes "harm" to another person. Damage can take many different forms, such as bodily harm and monetary loss. In the case of carelessness, the individual who acted carelessly will be held responsible for the harm their actions resulted in.
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What is cost-benefit analysis in business analysis?
Answer:
Cost-benefit analysis is a method used in business analysis to evaluate the potential benefits and costs of a proposed project or investment. It is a technique for weighing the expected costs against the potential benefits of a decision, in order to determine whether it is worth pursuing.
In a cost-benefit analysis, the costs of a project or investment are identified and quantified, and then compared to the expected benefits. Costs may include things like upfront investment costs, ongoing maintenance and operating expenses, and potential risks or downsides of the project. Benefits may include increased revenue, cost savings, improved efficiency, or other positive outcomes.
The analysis aims to determine the net benefit or net cost of the proposed project or investment, by subtracting the total costs from the total benefits. If the net benefit is positive, the project is considered worth pursuing. If the net cost is negative, the project may be deemed too risky or unprofitable.
Cost-benefit analysis is commonly used in industries such as finance, healthcare, construction, and government, to evaluate the potential impact of a decision on an organization's finances, resources, and objectives. It is a useful tool for decision-makers to weigh the potential benefits and costs of a project or investment, and to make informed and strategic choices.
Explanation:
XYZ's journal entry to record the return of merchandise previously purchased on account by XYZ was recorded by debiting Inventory and crediting Accounts Payable. As a result of this entry, _____. (Select all that apply.)
a. liabilities will be overstated
b. liabilities will be understated
c. stockholders' equity will be overstated
d. assets will be overstated
e. assets will be understated
f. stockholders' equity will be understated
Accounts Payable. As a result of this entry liabilities will be overstated and assets will be overstated.
The correct option is A and D.
A current liability item called accounts payable is used to monitor any money you owe to other people. Banks, businesses, or even a person you borrowed from might be considered third parties. Accounts payable frequently refers to the acquisition of services or goods from other businesses.
What kinds of accounts payable are there?Payables include things like trade payables, non-trade payables, paid, loans payable, and wages due. The first four of these payables are normally handled by the accounts payments system, while the final category is typically handled by the payroll system.
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true/false. a. an educational software company wants to expand the number of economics questions that it offers and is considering hiring another economist. the company compares how much adding another worker will improve the product to the additional cost.
Option b: Marginal decision. It refers to the effect of consuming and/or producing additional units of goods or services.
Marginal Utility – A change in total private utility that adds 1 unit.
Marginal cost – 1 additional unit change in total private cost
Rational consumers and producers are assumed to calculate the marginal costs and benefits of every decision. It asks behavioral economics questions and the use of marginal or arbitrary choice.
One of the basic principles of economics is the marginal principle.
According to this principle, rational decision-makers in the economy (individuals, households, firms, etc.) assume that the marginal cost of production (or the cost of consumption/production) is an additional unit of production utility).
Thus, the frontier principle helps agents determine how much of a good or service to consume/produce by continuously analyzing the costs and benefits of consuming/producing additional units.
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Complete question:
An educational software company wants to expand the number of economics questions that it offers and is considering hiring another economist. The company compares how much adding another worker will improve the product to the additional cost.
A.)opportunity cost
B.)marginal decisions
C.)resource scarcity
Project managers who understand the role that their project plays in accomplishing the organization's strategy will be inclined to do all of the following EXCEPT
Be able to focus on problems or solutions if the project is a low priority strategically. Explain to stakeholders why certain project objectives and priorities are critical. Be able to respond appropriately to delays and/or questions about product design. Demonstrate to senior management how their project contributes to the firm's mission. Explain to team members why certain project objectives and priorities are critical.
The correct option is A. Be able to focus on problems or solutions if the project is a low priority strategically.
A firm is a business employer together with an employer that produces and sells items and offerings with the aim of producing revenue and making earnings. Examples of corporations are sole proprietorships, partnerships, restrained legal responsibility corporations, or agencies. The time period is slightly extra typically related to a partnership.
A firm is an enterprise agency that seeks to make a profit thru the sale of goods and offerings. The time period company is synonymous with commercial enterprise or corporation. companies can perform beneath numerous distinct systems, including sole proprietorships and companies. A firm refers to a commercial enterprise concerned with the selling of products and services for earnings, usually expert offerings. alternatively, an employer refers to a business worried about any earnings-producing interest involving the sale of goods and services and includes all business trades and systems.
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buhi has provided several statements about their company and the nurture messenger bag. you will need to review each statement and flow it into a swot analysis. you will be given a list of statements that will need to be moved into one of four categories: strengths, weaknesses, opportunities, and threats.
SWOT analysis is a tool used to evaluate the strengths, weaknesses, opportunities and threats of a business or project. It is used to identify internal and external factors that can affect the success of a business. The statements made by Gubuhis about their company and the Nurture Messenger Bag can be categorized as follows:
Strengths:
-The bag is made of natural fibers and is environmentally friendly
-The bag is light and comfortable
Weaknesses:
-The bag is expensive compared to other messenger bags in the market
Opportunities:
-The bag has a unique design and style that will appeal to a wide range of customers
-The bag is a great way to promote a more sustainable lifestyle
Threats:
-Competition of other messenger bags that are lower in price
-The bag is not widely available, which limits its ability to reach a larger market
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TRUE/FALSE. identify each statement as true or false concerning reasons that a retailer would consider selling through amazon using amazon fulfillment services.
Answer:
Amazon will warehouse products
true
Products will be available for free Prime shipping
true
Products can be searched for and discovered on the Amazon website
true
Products can be searched for and discovered on the Amazon website
true
Explanation:
An insurance company checks police records on 582 accidents selected at random and notes that teenagers were at the wheel in 91 of them. a) Create a 95% confidence interval for the percentage of all auto accidents that involve teenage drivers. b) Explain what your interval means. c) Explain what "95% confidence" means. d) A politician urging tighter restrictions on drivers’ licenses issued to teens says, "In one of every five auto accidents, a teenager is behind the wheel." Does your confidence interval support or contradict this statement? Explain.
The answers are given as follows:
a) 95% Confidence Interval - CI for percentage of accidents involving teenage drivers is [13.78%, 18.63%]
b) We are 95% confident that the true percentage of accidents involving teenage drivers lies in the above interval.
c) 95% confidence means that if we repeat the study many times, 95% of the resulting intervals would contain the true population value.
d) The confidence interval does not support the politician's statement, as the lower bound is below 20%. However, we cannot definitively reject the statement either, as the upper bound is still close to 20%.
What is a Confidence interval?A confidence interval is a range of values that is likely to contain the true value of a population parameter with a certain degree of confidence, based on a sample of data.
It is commonly used in statistics to provide a measure of the precision or uncertainty of an estimate.
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In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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Suppose that Markus Braun has a set of steps that Wirecard takes each time they acquire a new company. This _ is known as a _ .
As Markus Braun has a set of steps that Wirecard takes each time they acquire a new company This is known as a strategic goal.
What is the goal?A goal is a target or objective that someone is attempting to reach. The goal can also refer to the finish line of a race or the object that a player is attempting to insert as part of a game. As a noun, "goal" has other meanings.
The term strategic goals are referred to the specific and the financial as well as the non-financial objectives, There aims to achieve the goals in a specific period of time is there in it.
Therefore, As a result, The Wirecard takes each time they acquire a new company is known as strategic goals.
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which of the following are differences between the traditional and contribution format to income statements?
Option (a), It is simpler to foresee how decisions will effect the future using contribution format statements.
What kind of structure does an income statement usually have?Under absorption or full costing, which is applied in the conventional income statement format, variable and fixed production costs are included in inventory costs and, as a result, in the computation of the cost of goods sold.
Why is the contribution approach different from the conventional approach?The contribution method produces fixed and variable cost data, which can be used to perform a breakeven analysis, in contrast to the conventional approach's departmental data, that may be more pertinent for allocating funds to certain areas of responsibility.
Instead of separating product costs (those incurred during the process of manufacturing a product) from period expenses as is done in a typical income statement, the contribution margin income statement distinguishes variable costs from fixed costs (expenses incurred during the selling process rather than during production).
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The complete question is:
Which of the following are differences between the traditional and contribution format to income statements?
Multiple select question.
A) Contribution format statements make it easier to predict how decisions affect the future.
B) The traditional income statement is for internal use, while the contribution format income statement is for external use.
C) Traditional income statements focus on cost classifications. Contribution format statements focus on cost behavior.
when a firm reduces errors before and after delivery to the customer and thus delivers what the customer wants, the firm is said to exemplify the definition of blank .
The phrase "production management" refers to all of the tasks that managers perform to assist businesses in producing things. Operations management is a specialist branch of management that deals with the conversion of resources, particularly human resources, into products and services.
The supply chain is managed by an operations manager. The administration of a product's whole production process, from raw materials to completed goods, is known as supply chain management. Production, distribution, shipping, and product delivery are all included in this.
To accomplish product's corporate goals, leaders must inspire their team members and shape their behaviour. Instead than focusing on managing tasks, leadership focuses on management people, such as individual employees, teams, and groups.
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Select all that apply Explain your understanding of what an accrued expense is by selecting the statements below which are correct (Check all that apply) A. Examples of accrued expenses are wages expense and interest expense.
B. Adjustments involve increasing both an expense and a liability account C. They refer to costs that are incurred in a period, but are both unpaid and unrecorded.
D. They are reported on an income statement.
E. They refer to earnings which have been earned, but not yet billed. F. They are also called accounts receivable.
A. Wages expenditure and interest expense are two examples of accumulated expenses. B. Adjustments entail raising the liability and expense accounts. C. They alludes to expenses that are incurred within a time period but are not paid or reported.
What are wages expenditure?The amount of money a company spends on paying its workers a wage is known as a wage expenditure. This covers salaries, hourly pay, and additional types of payment including bonuses and perks. The cost of wages is a substantial expense for the majority of firms, and it is often shown as an operating expense or cost of products sold on the income statement of the organization. A corporation must carefully monitor and control its salary costs since they can significantly affect the business's financial performance and profitability. The cost of salaries is an area that needs careful consideration and planning since variables like employee productivity, attrition, and pay may all have an impact.
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the last point at which a project activity must be completed in order to not delay the project completion
The Latest Finish Time generally can be defined as the last point at which a project activity must be completed in order to not delay the project.
In the organization and management, Earliest start time of an activity generally can be defined as the earliest event time of the node it leaves. In the other side, there are Latest finish time of an activity that can be defined as the latest event time of the node it enters. Latest finish time can be calculated by sum up the amount of latest start time and activity completion time.
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the products offered by the store you visited and why you like shopping there what the photo shows us about the decisions the store has made regarding one or more of the 4 p's how these 4 p's work together to keep you coming back again and again
The store I visited offers great products, and I enjoy shopping there. The photo of the store displays how the store has made strategic decisions related to one or more of the 4 P's of marketing: product, price, promotion, and place.
The store I visited offers a variety of products including clothing, accessories, and home goods.
I enjoy shopping at this store because they excel in the 4 P's of marketing: product, price, promotion, and place.
They offer a diverse range of products that meet my needs, set affordable prices that attract customers, promote their store through advertisements and sales, and have a convenient location that's easy to access.
This strategic combination keeps me returning to their store repeatedly, as it provides a satisfying shopping experience.
The product selection is diverse, the prices are competitive, the promotions are alluring, and the location is convenient, making it a delightful shopping experience.
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A monopolistically competitive firm advertises in order to...
a) shift the demand curve for its product to the left.
b) make the demand for its product less price elastic
c) make its product more similar to its competitors'
d) increase its positive externalities
e) reduce the industry's barriers to entry
The correct option is b) make the demand for its product less price elastic. In monopolistically competitive markets, firms produce differentiated products that are close substitutes to their competitors' products.
As a result, the demand for each firm's product is relatively elastic, meaning that a small increase in the price of a product would lead to a significant decrease in the quantity demanded. In order to reduce the price elasticity of demand for its product, a monopolistically competitive firm would engage in advertising to differentiate its product from its competitors, create brand loyalty, and reduce consumers' sensitivity to price changes. Advertising allows a firm to highlight the unique features of its product, such as quality, style, or convenience, and convince consumers that its product is superior to others. By doing so, the firm can establish a perceived difference between its product and its competitors' products, which makes consumers less likely to switch to a competitor if the firm raises its prices. Consequently, the demand for the firm's product becomes less price elastic, and the firm gains some degree of market power, allowing it to charge a higher price and earn economic profits. In summary, advertising in monopolistically competitive markets is used to create product differentiation, reduce the price elasticity of demand for a firm's product, and establish brand loyalty, which gives the firm some market power and allows it to earn economic profits.
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During a business presentation, a speaker might have to incorporate changes quickly if ________.
If the Information presented is found to be inaccurate, the audience raises concerns or questions, or if unexpected technical issues arise.
A business presentation is formal communication delivered to an audience to convey information, persuade, or inspire action. Business presentations can take many forms, such as in-person or virtual meetings, webinars, conference calls, or video recordings.
During a business presentation, a speaker might have to incorporate changes quickly if the information presented is found to be inaccurate, the audience raises concerns or questions, or if unexpected technical issues arise. The speaker needs to be adaptable and able to make quick changes to the presentation in response to these types of situations, to maintain the audience's attention and effectively convey the message.
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According to the theory of corporate social responsibility, any decision by the management of Precision Processing Corporation should consider how a proposed action may affect only the O a. firm's shareholders. b.firm's officers and shareholders c. firm's officers, shareholders, and suppliers, as well as the community, or society as a whole. d. firm's suppliers, the community, or society as a whole as well as the news media and local government
C) According to the principle of corporate social responsibility, Precision Processing Corporation's management should take into account how every proposed action may influence not just the firm's officers, shareholders, and suppliers, but also the community or society at large.
How does corporate social responsibility work?Encouraging social accountability and beneficial societal impacts are the main objectives of corporate social responsibility (CSR), a sort of business self-regulation. CSR can be implemented by a firm in many different ways, including by being environmentally conscious and responsible, fostering equality, diversity, and inclusion at work, treating employees with respect, giving back to the community, and making moral business decisions.
CSR is no more a free option made by individual businesses but is instead governed by laws that must be upheld on a local, national, and worldwide level. On the other hand, many businesses decide to go above and beyond what is required by law by incorporating the notion of "doing good" into their operational strategy.
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Job 593 was recently completed. The following data have been recorded on its job cost sheet:
Direct materials $2,429
Direct labor-hours 71 labor-hours
Direct labor wage rate $20 per labor-hour
Machine-hours 134 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $21 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:
A. $3,987
B. $7,503
C. $3,849
D. $6,663
Job 593 would have a total cost of $6,663 that would be reported on the job cost sheet. Option d.) is correct.
We must sum the direct material cost, the direct labor cost, and the manufacturing overhead cost incurred for Job 593 in order to determine the total cost that would be listed on the job cost sheet.
The price for the direct materials is listed as $2,429
Direct Labor Cost = direct labor hours x direct labor rate
Direct Labor Cost = 71 hours of labor x $20 an hour
Direct Labor Cost = $1,420
The specified overhead rate must be multiplied by the actual machine hours used on the task in order to estimate the manufacturing total cost that will be charged to it.
Predetermined overhead rate multiplied by machine hours equals the manufacturing overhead cost applied to the job.
The applied manufacturing overhead cost for the job is $21 per machine-hour multiplied by 134 machine-hours.
The job's manufacturing overhead cost = $2,814
The total cost listed on the task cost sheet for Job 593:
Total Cost = direct material costs + direct labor costs + manufacturing overhead costs.
Total Cost = $2,429 + $1,420 + $2,814
Total Cost = $6,663
Thus, $6,663 would be the total amount listed on the task cost sheet for Job 593.
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Stephanie receives the following marginal utilities from the first four Disney collectible pins that she buys each year, respectively: 20, 15, 10, and 5. If each collectible pin sells for $10, then the marginal utility per dollar spent on the third collectible pin is
a. 45
b. 5
c. 10
d. 4.5
e. None of the above answers are correct.
The answer is, option e. None of the above answers are correct, If each collectible pin sells for $10, then the marginal utility per dollar spent on the third collectible pin is 1.
What does an economics marginal utility mean?The additional pleasure a consumer has from owning one extra unit of an item or service is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.
What, using an example, is marginal utility?The pleasure a consumer experiences from each additional unit of consumption is known as marginal utility. It determines the utility after the initial product is consumed. The marginal utility is the benefit you receive from buying a second bottle of water after first purchasing one.
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Which one of the following helps boost the S/Q rating of branded pairs produced at a particular plant? Increasing the number of models/styles produced Avoiding use of green materials (which are of lower quality than superior materials) Increasing expenditures for best practices training for workers Increasing worker base pay by more than 5% annually Avoiding the use of overtime at the plant
Increasing the number of models/styles produced helps boost the S/Q rating of branded pairs produced at a particular plant .
What factors into a Q rating?
The percentage of superior materials used by a company, the total amount spent on TQM/Six Sigma quality control procedures, the utilization of best practices training, and the cost of new styling/features for each model are all elements that determine a company's S/Q grade.
What makes image rating crucial?
Game-to-date performance is measured using a 3-year average image rating in order to avoid weighing down a company's performance with image ratings that are not accurate reflections of the image and reputation it has lately built through its strategy. The most popular image file types on the web are JPEG, PNG, and SVG, according to use data.
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A company purchased equipment for $2,000 cash. This transaction would be journalized with a debit to the _____ account and a credit to the_____ account.
Answer:
equipment, cash
Explanation:
Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more elastic than the demand. (ii) demand in more elastic than the supply. (iii) tax is placed on the sellers of the product. (iv) tax is placed on the buyers of the product. a. (i) only b. (ii) only C. (i) and (iv) only d. (ii) and (iii) only O (i) only (ii) only O (i) and (iv) only O (ii) and (iii) only
Note that the correct option is: (i) only (Option A). That is: "Where Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the, supply is more elastic than the demand."
When a tax is placed on a product, the burden of the tax is determined by the relative elasticities of supply and demand. If the supply of a good is more elastic than the demand, it means that producers are more responsive to changes in price than consumers.
In this case, the tax burden will fall mainly on the producers/sellers of the good, because they are more likely to absorb some of the tax by reducing their prices in response to the change in market conditions.
On the other hand, if the demand is more elastic than supply, it means that consumers are more responsive to changes in price than producers. In this case, the tax burden will fall mainly on the consumers/buyers of the good, because they are more likely to reduce their purchases of the good in response to the price increase caused by the tax.
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