The IRS typically starts issuing refunds with earned income credit (EIC) within 21 days of processing a tax return, as long as there are no errors or discrepancies.
However, taxpayers who claim the EIC or the Additional Child Tax Credit (ACTC) may experience delays due to the Protecting Americans from Tax Hikes (PATH) Act requirements. Under the PATH Act, the IRS must hold refunds for tax returns that claim either the EIC or the ACTC until at least mid-February, even if the return was filed earlier. This delay is intended to give the IRS additional time to verify the accuracy of these claims and prevent fraudulent refunds from being issued.
Additional Child Tax Credit can check the status of their refund using the "Where's My Refund?" tool on the IRS website or by calling the IRS refund hotline. However, due to various factors, such as the COVID-19 pandemic and other issues, the IRS may experience delays in processing tax returns and issuing refunds, which may impact when taxpayers receive their refund with EIC.
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convexity arises because: multiple choice bonds pay interest semiannually. coupon changes are the opposite sign of interest rate changes. duration is an increasing function of maturity. present values are a nonlinear function of interest rates. duration increases at higher interest rates.
Convexity arises because of several reasons, including the fact that bonds pay interest semiannually and coupon changes are the opposite sign of interest rate changes. Additionally, duration is an increasing function of maturity, meaning that as the maturity of a bond increases, its duration also increases.
This results in a more significant change in the bond's price for a given change in interest rates. Furthermore, present values are a nonlinear function of interest rates, meaning that a small change in interest rates can result in a disproportionately large change in the present value of a bond. Finally, duration increases at higher interest rates, meaning that as interest rates increase, the bond's price is more sensitive to interest rate changes. These factors all contribute to the convexity of bond prices, which is the curvature of the relationship between the bond's price and interest rates.
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what a company does, how a company uniquely does it, how a company gets paid for doing it, and what costs are involved are all part of an organization's .
The business model of an organisation includes all of this. The method a business develops, delivers, and collects value is referred to as its business model.
It describes what a firm does, how it differs from competitors, how it generates revenue, and what expenses are associated with running the business. The target client segments, the value offer, the income streams, and the essential resources and activities necessary to achieve the value proposition should all be clearly defined in a well-designed business model. A company's operations must be in line with its overall strategy and objectives, which is why understanding the business model is crucial for its success.
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How should a common data source like monthly sales totals be categorized?
How should a common data source like monthly sales totals be categorized: Structured data:
Data that squeezes into predefined fields is called structured data. It's frequently coordinated by lines and sections, as you will track down in a calculation sheet. Bigger frameworks utilize social databases to arrange structured data that has different aspects. Structured data is helpful to store, dissect and report.
For instance, consider the marketing chart of a business, that shows deals income by district, side-effect, by month, etc. Client databases, monetary reports, financial data, wellbeing records, and, surprisingly, instructive records - all are instances of structured data. Up to this point, the greater part of the data we use has forever been Structured data.
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The complete question is:
How should a common data source like monthly sales totals be categorized?
a. structured data
b. dirty data
c. multimedia data
d. unstructured data
buyer kirk submits an offer to seller larry. later that day, kirk finds a home he likes better; so he withdraws his offer to larry. which is a true statement?
The answer is Kirk's offer to Larry is legally cancelled, is a true statement as per the question.
Describe a contract in plain terms.A contract is an arrangement between two or more parties that establishes legally binding obligations between the parties. A genuine offer and acceptance, sufficient consideration, capability, and legality are the fundamental components needed for an agreement to constitute a binding contract with legal standing.
What does it mean to be a contract?Its original meaning before acquiring a legal meaning was to unite individuals or objects. While the word "contract" first appeared in this sense in the late 1400s and as a verb a little later, it wasn't until the early 1600s that it evolved to mean a legally enforceable agreement containing terms and other details.
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which of the 4 components of the economy mentioned represents the biggest component for gdp in the us?
To Consumption costs for personal use. Almost 70% of all American production comes from consumer expenditure.
What are the GDP's four main parts?Consumption, investment, government spending, exports, and imports are the components used in the expenditures approach to computing GDP.
What constitutes the US GDP?The Gross Domestic Product (GDP) is made up of commodities and services generated for market consumption as well as some nonmarket production, including government-provided services in the areas of military or education. Gross national product, or GNP, is another term that refers to the total production of a nation's citizens. Almost 70% of all American production comes from consumer expenditure.
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when disclaiming an opinion due to a client imposed scope limitation, an auditor should indicate in a separate section why the audit did not comply with generally accepted auditing standards. the auditor should also omit the
When the auditor retracts an opinion due to a scope restriction, the auditor must provide an explanation in a separate paragraph or paragraphs as to why the auditor did not follow GAAS. The auditor should similarly exclude the scope paragraph.
What might lead an auditor to issue a disclaimer of opinion after an audit?Auditors may express a disclaimer of opinion for a variety of reasons, including the company's perceived constraints on their ability to conduct an exhaustive audit or their inability to acquire sufficient answers to their questions.
What does a disclaimer of opinion due to a scope constraint mean?A disclaimer of opinion can only be made if there is a restriction on its scope. The errors in this case are significant and pervasive. Or, to put it another way, a large percentage of accounts cannot be verified since the auditor was unable to assemble sufficient relevant audit evidence to support its audit.
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boyer industries has fixed costs of $600,000 and variable costs are 60% of sales. how much sales revenue will boyer report when its net income equals $60,000?
The sales revenue required to report a net income of $60,000 is $900,000
How did we get the values?To find the sales revenue, we need to equate the net income to the profit, which is equal to total revenue minus total costs (fixed and variable).
Profit = Total revenue - Total costs
Total costs = Fixed costs + Variable costs
Substitute the given values into the equations:
$60,000 = Total revenue - ($600,000 + 0.6 * Total revenue)
Expanding the variable costs term:
$60,000 = Total revenue - $600,000 - 0.6 * Total revenue
Rearranging the equation:
$60,000 + 0.6 * Total revenue = Total revenue - $600,000
0.4 * Total revenue = Total revenue - $600,000 + $60,000
0.4 * Total revenue = Total revenue - $540,000
0.6 * Total revenue = $540,000
Total revenue = $540,000 / 0.6
Total revenue = $900,000
So, the sales revenue required to report a net income of $60,000 is $900,000.
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determining the need for labor, machines, physical resources to meet the production objectives of the firm is called:
Determining the need for labor, mac-hines, physical resources to meet the production object-ives of the firm is called: capacity planning.
What Is Capacity Planning?A capacity planning pro-cess involves determining how much production capacity is re-quired to meet changing dem-and for products. Design capacity refers to an organ-ization's maximum capacity to accomplish work over a given time period in capa-city planning.
Capacity plan-ning process is used by organ-izations to determine their pro-duction capacity in order to me-et the changing needs of their products. A design capacity is an organ-ization's maximum ability to complete a specified am-ount of work in a given time period, in the con-text of capacity planning.
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northwest lumber had a profit margin of 7.35%, a total assets turnover of 1.5, and an equity multiplier of 2.0. what was the firm's roe
the ROE for Northwest Lumber is 22.05%. This means that for every dollar of shareholder's equity, the company earns 22.05 cents of net income.
The ROE (Return on Equity) formula is calculated as follows:
ROE = Net Income / Shareholder's Equity
To calculate the net income, we can use the DuPont Model, which breaks down ROE into three components:
ROE = (Profit Margin) * (Total Asset Turnover) * (Equity Multiplier)
Plugging in the values for profit margin, total asset turnover, and equity multiplier, we have:
ROE = (7.35%) * (1.5) * (2.0)
ROE = 22.05%
Therefore, the ROE for Northwest Lumber is 22.05%. This means that for every dollar of shareholder's equity, the company earns 22.05 cents of net income.
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Why is it important to include industrial terminology in a resume? How can you find industrial terminology?
Industry terminology will show you are "current" with the profession and know what the trends are at this time.
A terminology list or glossary is a listing of phrases and terms with their expected translation. they are beneficial for making sure that your translations are consistent throughout your undertaking.
Such as industry terminology will show you're "contemporary" with the career and understand what the tendencies are at this time. To determine industry terminology, carry out an internet seek of the job title or career and spot what terms arise frequently. if you are uncertain of a few terms, appearance them up.
Terminology allows us to fully recognize precise subjects. properly-defined terminology can assist human beings across numerous industries to communicate greater efficaciously. true terminology work reduces ambiguity and increases readability, which makes it an important aspect of pleasantness.
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true or false: geopolitical situations never influence the price of a material, but speculators can dramatically alter the price of a material.
True geopolitical situations never influence the price of a material, but speculators can drastically alter the price of a material.
Oil markets are made up of speculators who bet on price movements,that large fluctuations in price can have a significant economic impact.Currency fluctuations are a natural result of floating exchange rates, which is the norm for most major economies. Many factors influence the exchange rates of materials,energy,chemicals and synthetics and the creation of pollution that are not adequately accounted for when calculating production costs.Computers will likely influence environmental costs,but perhaps the most dramatic advances in the not-so-distant future will be achieved: the global fashion industry will have to cope with inflation while finding opportunities in changing consumption patterns.
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From a poll of people who recently bought cold medicine at all stores of a large drugstore chain, investigators concluded that the mean time between colds for all americans is 5. 6 months
Sources of bias in this study include recollection bias, self-reported bias, and selection bias. It's possible that those who just bought cold medication in America are not necessarily representative of the overall populace.
There might be numerous biases in this study:
Selection bias: The study exclusively surveyed customers who had recently purchased cold medication from a significant pharmacy chain. This demographic might not be typical of all Americans and might have various health issues or practises that shorten the interval between colds. Recall bias: It's possible that participants had trouble recalling the precise date of their colds, which made the data less accurate. Other elements, such as genetics, climate, and lifestyle, are confounding variables.
The study's findings should be read cautiously since bias might have had a major impact on the results, making the assertion that the average American waits 5.6 months between colds unreliable.
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From a poll of people who recently bought cold medicine at all stores of a large drugstore chain, investigators concluded that the mean time between colds for all Americans is 5.6 months.
What sources of bias, if any, might this study have?
when will the irs issue refunds with earned income credit?
Answer: I just checked mine and it FINALLY updated to being refunded on the 23rd of this month. I believe they have to wait a little longer with the EIC to ensure everything is correct.
Explanation:
without an increase in the supplies of factors of production, how can a nation achieve economic growth?
A nation achieve the economic growth through technological advancement which enables more output with the same quantity of resources.
What is economic growth?Economic growth refers to the increase in the production of goods and services within an economy over certain period of time. It is measured by the gross domestic product (GDP), which is the sum of all goods and services produced in a country in a year. Economic growth can be achieved through various factors such as increased investment, technological advancements, improved infrastructure, and favorable business conditions. A growing economy results in increased job opportunities, higher salaries, and improved living standards. However, economic growth also has negative consequences such as income inequality, environmental degradation, and resource depletion. A balanced and sustainable economic growth is crucial for a country's overall development and well-being.
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a manufacturing process has a fixed cost of $200,000 per month. each unit of product being produced contains $25 worth of material and takes $40 of labor. how many units are needed to break even if each completed unit has a value of $100?
5,715 units are needed to break even if each completed unit has a value of $100.
To calculate the break-even point, we need to find the number of units that need to be produced in order to cover the total costs, including fixed costs and variable costs, with the revenue generated from selling the units.
Variable cost per unit= Material cost+ Labor cost
Variable cost per unit= $25 + $40
Variable cost per unit = $65
Next, we can calculate the contribution margin per unit, which is the amount of revenue generated from each unit that is available to cover the fixed costs:
Contribution margin per unit=Price per unit-Variable cost per unit
Contribution margin per unit= $100-$65
Contribution margin per unit = $35
Now we can calculate the break-even point in units using the formula:
Break-even point (in units)= Fixed costs/Contribution margin per unit
Substituting the given values, we get:
Break-even point (in units)= $200,000 / $35
Break-even point (in units) = 5,714.29
Since we can't produce a fraction of a unit, we need to round up to the next whole number. Therefore, the break-even point is 5,715 units.
Therefore, in order to break even, the manufacturing process needs to produce and sell at least 5,715 units of the product.
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fit company leases building space from lease corp. fit company agrees to pay lease corp an additional amount if lease corp attracts a higher amount of traffic through the doors resulting in more profit for fit company. how are these variable lease payments treated? (select all that apply.)
Variable lease payments are treated as follows:
Fit Company recognizes lease expense when variable lease payments are made.Lease Corp recognizes lease revenue when variable lease payments are receivedWhat is variable lease payment?Variable lease payments are generally classified as either indexed or non-indexed.
Indexed lease payments – As described in ASC 842-10-30-5, lease payments include variable lease payments that depend on an index or interest rate (such as a consumer price index or market price) and are initially is the index or interest start date. Variable lease payments and lease liabilities need to be remeasured for index-based variable payments only when subsequent lease payments are measured in accordance with ASC 842-10-35-4.
Non-indexed lease payments – As described in ASC 842-10-30-6, lease payments must exclude variable lease payments that do not depend on an index or interest rate. Examples of non-indexed variable payments include refunds of variable CAM, taxes, or premiums to lenders.
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while waiting in line to buy two tacos at $1 each and a medium drink for $1.25, jordan notices that the restaurant has a value meal containing three tacos and a medium drink all for $4. for jordan, if he buys the value meal, then the marginal cost of the third taco would be:
The marginal cost of a good or service is the cost of producing one additional unit of that good or service.
In this case, the marginal cost of the third taco for Jordan is the cost of buying an additional taco as part of the value meal compared to buying just two tacos separately.
To calculate the marginal cost of the third taco, we can subtract the total cost of two tacos and a medium drink from the total cost of the value meal:
Cost of two tacos and a medium drink = $1 * 2 + $1.25 = $2.25
Cost of the value meal = $4
Marginal cost of the third taco = $4 - $2.25 = $1.75
Therefore, the marginal cost of the third taco for Jordan is $1.75. This means that if Jordan buys the value meal, the third taco will cost him $1.75.
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In cell i5, enter a formula to calculate the gross corporate revenue for the first workshop by multiplying the cost per attendee by the number of corporate attendees. Copy the formula to the range i6:i8
Gross income is the total of all incomes, salaries, profits, interest payments, rents, and other kinds of income for families and people before any deductions nor taxes.
It contrasts with taxable profit, which is the gross income less any applicable taxes and other deductions. Gross income for a business is the amount that remains before overhead, payroll, taxes, and interest payments have been subtracted from the revenue received and the cost of producing a good or performing a service. Although the phrases are distinct, gross margin and gross profit are usually used synonymously. when discussing a dollar number. In other words, while net income is a monetary value, operating margin is a percentages value.
Revenue from Gross Education = C* N* (1-D)
where N = The number of education attendees, and C = The cost of education per participant
Education discount rate is D.
You must copy this formula and put it into cells J5 through J8.
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which of the following book-tax differences does not create a favorable temporary book-tax difference? a) tax depreciation for the period exceeds book deprection b) bad debts charged off in the current period exceed the bad debts accrued in the current period
A book-tax difference occurs when the amount of income or deductions that is reflected on a company’s tax return differs from the amount that is reflected on the company’s financial statement.
This can result in either a favorable or unfavorable difference between the company’s taxable income and its financial statement income.
The book-tax difference that does not create a favorable temporary book-tax difference is when the bad debts charged off in the current period exceed the bad debts accrued in the current period. This is because when bad debts are charged off, it reduces the net income on the company's financial statement, but does not reduce taxable income. This results in an unfavorable book-tax difference, creating a discrepancy between the company's taxable income and financial statement income.
In conclusion, a book-tax difference that does not create a favorable temporary book-tax difference is when bad debts charged off in the current period exceed the bad debts accrued in the current period. This discrepancy between the company's taxable and financial statement income can ultimately lead to unfavorable results.
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x-1 corp's total assets at the end of last year were $490,000 and its ebit was 52,500. what was its basic earning power (bep) ratio?
The BEP ratio is calculated by dividing earnings before interest and taxes (EBIT) by total assets. So, As a result, the BEP ratio is 10.71%.
52500/490,000 = 0.1071 BEP ratio
As a result, the BEP ratio is 10.71%.
The Basic Earning Power Ratio (BEP) is a measure of a company's ability to generate earnings in relation to its assets.
Earnings Before Interest and Taxes (EBIT) are divided by Total Assets in the basic earning power ratio formula. EBIT/Total Assets = Basic Earning Power.
The basic earning power ratio is calculated using the following formula:
EBIT / Total Assets = Basic Earning Power Ratio.
Operating Profit Margin * Total Assets = Basic Earning Power Ratio Ratio of turnover.
EBIT / Turnover = Operating Profit Margin.
Overall Assets Turnover Ratio = Total Assets / Turnover.
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stockholders are only one group of stakeholders. who are the stakeholders important to me inside the organization?
Stakeholders are individuals or groups who have a vested interest in the success and wellbeing of an organization. Within an organization, stakeholders can include employees, customers, suppliers, and lenders, in addition to stockholders.
The stakeholders that are most important to you within the organization will depend on your role and responsibilities within the company. Here are some of the stakeholders that are important to different individuals within an organization:
Employees: Employees are an important stakeholder group for the organization, as they contribute to the company's success through their work. They may also have a vested interest in the company's success, as they may receive benefits such as health insurance and retirement plans.
Customers: Customers are an important stakeholder group for the organization, as they provide the revenue that the company needs to operate. Companies that prioritize their customers' needs and provide high-quality products and services are more likely to have long-term success.
Suppliers: Suppliers are an important stakeholder group for the organization, as they provide the raw materials and components needed to produce the company's products. Companies that have good relationships with their suppliers are more likely to have access to high-quality materials and components at a reasonable cost.
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if you owned the stock in problem 3, would you want a positive or negative slope? why? please explain in 2-3 sentences.
When two variables have a negative slope, they are negatively correlated, meaning that as x rises, y falls and vice versa. A line on a line graph with a negative slope is falling as it moves from left to right graphically.
What is negative slope?If a line goes down and to the right, it has a negative slope visually (or up and left). This implies that as x rises, y falls off mathematically. When two variables have a negative slope, they are negatively correlated, meaning that when x increases, y lowers, and when x falls, y increases. A line on a line graph with a negative slope declines as it advances from left to right, according to the visual representation. The two variables are inversely connected when the slope is negative. Here, the y value falls as the x value rises. In contrast, we can also see that the y value rises as the x value falls.
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How does the Marketing function affect the other departments❓❓❓❓
it makes sure the sales department are selling services the customers are looking for or are the trend, affecting the salary as well.
4al obtained a mortgage of $195,000 at 5.25 percent for 15 years. how much of the second monthly payment is applied to interest?.35/12
In the second monthly payment, $843.35 would go towards interest and the remaining $906.65 would go towards principal.
The second monthly payment on a mortgage of $195,000 at 5.25 percent for 15 years is $1,750. Of this payment, $843.35 is applied to interest and the remaining $906.65 is applied to principal. This monthly payment is fixed and will remain the same throughout the life of the loan. This payment structure remains the same throughout the life of the loan, ensuring the borrower can plan their monthly budget accordingly.
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Which of the scenarios are examples of an economic signal?Purchases of floppy disks and CDs decline dramatically as the demand for online streaming of similar goods increases.Companies begin hiring more people after a long period of high unemployment in the United States. Prices in housing markets fall.The market price for toilet paper has not changed over the last 10 years.
All of the scenarios can be considered examples of an economic signal. Economic signals can be observed in changes in consumer preferences, shifts in labor market conditions, changes in supply and demand for goods and services, and stability in market prices.
Purchases of floppy disks and CDs declining dramatically as the demand for online streaming of similar goods increases is an example of a shift in consumer preferences and demand, which is a key signal in economics.
Companies beginning to hire more people after a long period of high unemployment in the United States is an example of an improvement in the labor market, which is also a significant signal in economics.
Prices in housing markets falling is an example of a change in the supply and demand for housing, which can indicate changes in the overall economy.
The market price for toilet paper not changing over the last 10 years can be seen as a signal of stability in the market for that particular good, which can provide insight into the broader economic conditions.
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a company that provides financing to corporations, especially through equipment leasing and factoring would best be categorized as a
A company that provides financing to corporations, especially through equipment leasing and factoring would best be categorized as a business credit institution.
A bank or other company that conducts business in obtaining deposits and other repayable monies from the general public and in lending money for its own account is referred to as a credit institution. A company that deals with fiscal and monetary operations such deposit, loans, investment, and currency exchange is known as a financial institution. Bank, investment firms, insurance firms, brokerage houses, and investment dealers are just a few of the many business operations that fall under the umbrella term financial institutions in the industry of financial services. Almost everyone in a developed economy needs the assistance of financial institutions on a regular basis or at least occasionally. Financial institutions provide a wide range of goods and services to both private individuals and businesses. Different categories of financial institutions offer a wide range of specialized services.
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On july 1 a company receives an invoice for $800 with the terms 1/10 net 30. On July 15, the payment should be: _____________
The answer is 793$, On July 1 a company receives an invoice for $800 with the terms 1/10 net 30. On July 15, the payment should be 793$.
What's in a bill of lading?An invoice is a specific commercial document that lists each item provided to the client, the total amount owed, and the preferred mode of payment. The customer may receive invoices from the seller on paper or electronically.
What do you call an invoice?A business document known variously as an invoice, bill, or tab is one that a seller issues to a buyer in connection with a sale transaction and which lists the goods, quantities, and agreed-upon prices for goods or services the seller has given the customer.
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a computer crime can be committed by a corporate insider, such as an employee, or by an outsider, such as a(n) .
A computer crime can be committed by a corporate insider, such as an employee, or by an outsider, such as a hacker.
A hacker is a person who uses technical skills to gain unauthorized access to a computer system or network. They can use this access to steal sensitive information, cause damage to the system, or use the system for their own purposes.
Computer crimes committed by corporate insiders, such as employees, can also be serious. For example, an employee may use their access to sensitive information for personal gain or to cause harm to the organization.
In some cases, employees may also intentionally or unintentionally introduce malware or other threats into the system, causing damage to the organization's data and systems.
It is important for organizations to implement security measures and establish policies and procedures to prevent both insider and outsider threats to their computer systems.
This can include regular security audits, training for employees, and the use of security technologies such as firewalls, intrusion detection systems, and encryption.
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how did this affect japanese american farmers and restaurants who would have to start over and rebuild their communities?
the concentration camps of the internment era led to the dispersal of Japanese Americans.
Thousands of people make up the Japanese American population today, which is widespread across the country and plays important roles in most professions. In a cruel irony, Japanese Americans were dispersed as a result of the internment camps because uprooted internees decided to seek their fortune elsewhere in the nation. Similar to how the Issei originally lured the Issei across the Pacific more than a century ago, generations following the war have pursued success in the whole spectrum of American career sectors, from commerce and the skilled trades to politics, education, and the arts. In the meantime, the accomplishments of famous figures like U.S. Senators S.I.
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which supply chain planning process is defined as a hierarchical planning process that translates annual business plans, marketing plans, and demand forecasts into a production plan for a product family in a plant or facility?
Aggregate production plan is a production plan is defined as a hierarchical planning process that translates annual business plans, marketing plans, and demand forecasts into a production plan for a product family in a plant or facility.
A technique for creating a comprehensive manufacturing plan that guarantees continuous production at a facility is called aggregate planning.
A 3- to 18-month time frame is commonly used for aggregate production planning. A facility's production activities are all included in aggregate planning.
Aggregate planning aims to reduce operational expenses by matching production capacity with demand. An aggregate plan details what supplies and other resources are required, as well as when they should be bought in order to keep costs down.
Aggregate planning should aim to maximise facility output at the least expensive price for the manufacturer.
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