Yes, it is feasible for a firm to do both. In fact, the extra a company engages in revenue administration practices in order to easy out its revenues, expenses, gains, and/or losses, the higher its first-class of salary will be.
How can revenue administration affect the exceptional of earnings?Earnings management has a poor have an impact on on the high-quality of earnings if it distorts the facts in a way that is less beneficial for forecasting future money flows.
Several techniques are used to manipulate earnings. Examples consist of reducing capitalization limits, altering from the last-in first-out technique of valuing inventory to the first-in first-out method, slicing nonmandatory charges for short periods, or attributing normal business charges to a one-off, nonrecurring event.
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A. a final good.
B. an intermediate good.
C. a service.
D. an inferior good.
An illustration of an intermediate good is a computer chip that was sold to Dell.
What does the word "intermediary goods" mean?Those products that businesses utilize to produce goods or services were referred to as intermediate goods. As producer products, these items are also known. Thus, the production of final or consumer goods requires the utilization of intermediate goods.
What are intermediate products as opposed to final goods?Final goods are products that don't require any more processing. Consumer goods are another name for these goods, which are produced with the aim of being directly consumed by the end user. Intermediary goods are any products that companies use to create completed goods or services.
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The production possibilities frontier is a graphic representation of
What is comcast telephone number?
The best way to contact Comcast for assistance with your telephone service is to call 1-800-COMCAST (1-800-266-2278).
What is assistance?Assistance is help or support provided to someone in need. It can come in a variety of forms, such as financial aid, material goods, or moral support.
Assistance can be provided by individuals, organizations, or governments, depending on the need. For example, a person may provide financial assistance to a family in need, while a government may provide assistance in the form of disaster relief.
This is a toll-free number and is available 24 hours a day, 7 days a week. When you call, you'll be asked to provide your account number and street address in order to be connected to the correct customer service representative.
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What is econometrics cross-sectional panel data?
Econometric analysis of cross-sectional data generally can be defined as a condition where we assumes that the data is independently generated. In the Econometric analysis of cross-sectional data we also assume that the observations are mutually independent.
In the term of economy and business, Cross sectional data generally can be defined as a condition that we have data from many units, at one point in time. Time series data generally can be described as a condition that we have data from one unit, over many points in time. Panel data also known as time series cross section in the term of economy that can be defined as a condition where we have data from many units, over many points in time.
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which of these economic goals is most important in a traditional economy?
In a traditional economy, the most important economic goal is often preserving cultural traditions and customs. Traditional economies are based on the beliefs, customs, and practices of a particular culture, and economic decisions are made according to these customs.
For example, in some traditional economies, there may be a strong emphasis on the importance of family and community, and economic decisions are made with these values in mind. In other traditional economies, there may be a focus on maintaining a sustainable relationship with the natural environment, and economic decisions are made to ensure the long-term health of the ecosystem. In traditional economies, economic goals such as efficiency, innovation, and growth are often not as important as preserving cultural traditions and maintaining social harmony. The primary goal is to ensure that economic practices and behaviors align with the values and beliefs of the community and that economic activities support the social and cultural fabric of the society.
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During year 6, kincaid, incorporated earned $85,000 of cash revenue. The company incurs all operating expenses on account. The year 6 beginning balance in kincaid's accounts payable account was $2,000, while the ending balance was $25,000. The company made cash payments of $40,000 to reduce accounts payable during year 6.
Operating expenses—also acknowledged as selling, common and administrative prices (SG&A)—are the prices of doing business. They consist of rent and utilities, advertising and marketing and advertising, sales and accounting, management and administrative salaries.
What is running fees examples?An operating fee is an rate that a enterprise incurs through its everyday business operations. Operating expenses include rent, equipment, stock costs, marketing, payroll, insurance, step costs, and money allocated for research and development.
Some of the most common running costs include rent, insurance, marketing, and payroll.
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https://brainly.com/question/30115561#SPJ4negotiable instruments are normally issued to fulfill a contract. True/False ?
Negotiable instruments are normally issued to fulfill a contract is True.
Negotiable instruments, such as promissory notes, checks, drafts, and bills of exchange, are typically issued to fulfill a contract or agreement between two or more parties.
Negotiable instruments are typically issued to fulfill a contract. A negotiable instrument is a document that guarantees the payment of a specific amount of money to the holder of the instrument.
These instruments are often used in business transactions to fulfill the terms of a contract. For example, a company may issue a negotiable instrument to a supplier in order to fulfill a contract for the purchase of goods.
The supplier can then cash the instrument to receive payment for the goods. In this way, negotiable instruments are used to fulfill the terms of a contract and ensure that all parties receive the agreed-upon payment.
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Which of these has a low correlation to job satisfaction?
Age correlation to job satisfaction has a low correlation to job satisfaction.
Correlation is a measure of the relationship between two or more variables. It is used to determine how one variable is affected by changes in other variables. Correlation can be used to measure the effectiveness of a marketing strategy, the performance of a product, or the success of a business venture.
It can also be used to identify relationships between different variables, such as customer satisfaction and profitability. Correlation is an important tool for understanding how different factors can influence the success of a business.
The relationship between age and job satisfaction is weak. While age may be correlated to job satisfaction in some cases, it is not a consistent predictor of job satisfaction. Factors such as job security, pay, benefits, work-life balance, and autonomy are more likely to be correlated with job satisfaction than age.
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A South American Nation imposes an ad valorem tariff of 10 percent on 1 million tons of rice imports, after which an out-of-quota tariff of 80 percent is applied. What trade policy instrument is Plena using?A) ad valorem tariff.B) tariff rate quotaC) export tariffD) General Agreement on Tariffs and Trade (GATT)
A tariff is a tax imposed via one country on the goods and offerings imported from any other u . s . to affect it, raise revenues, or guard aggressive advantages.
What is a tariff Why is it imposed on goods ?Tariffs are taxes imposed on the imports by way of a u . s . for imparting protection to its domestic industries. Imposition of tariffs increases the charge of imported items in the domestic country.
Tariffs are a form of tax applied on imports from different countries. Economists say the prices are generally exceeded on to consumers. They have traditionally been used to defend domestic industries, inclusive of agriculture and automobiles, as properly as to retaliate towards different countries' unfair change practices.
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https://brainly.com/question/2178644#SPJ4The Heckscher-Ohlin theory is based on the idea that
Multiple Choice
a. it makes more simplifying assumptions than the theory of comparative advantage.
b. it is in a country’s best interests to maintain a trade surplus.
c. economies of scale are a good predictor of real-world international trade patterns.
d. the pattern of international trade is determined by differences in factor endowments.
e. it is more profitable for a country to balance exports and imports.
Countries will B) export goods that make extensive use of locally abundant factors, according to the Heckscher-Ohlin theory.
What is the Heckscher-Ohlin theory's foundation?In economics, the Heckscher-Ohlin theory is a theory of comparative advantage in international trade that says countries with a lot of capital and little labor will tend to export capital-intensive products and import labor -intensive products. On the other hand, countries with a lot of labor and little capital will tend to export labor-intensive products and import capital-intensive products. The Swedish economist Bertil Ohlin (1899–1979) developed the theory based on the work of his teacher, Eli Filip Heckscher (1879–1952). In 1977, Ohlin received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his contributions to the theory.
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What is the correct way to endorse a check?
The proper approach to endorse a cheque is to sign it or endorse it on the back.
"Endorse Here" may be written on a single line or in a box. Do not write, stamp, or sign below this line is typically stated on another line. The endorsement section normally extends across the width of the check and is about 1.5" long.
The payee must endorse the check's back in order to get the money. Indication that the person who signed the check is the payee and intends to receive the funds is made by this signature, known as an endorsement, to the bank or credit union.
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Word processing software
Video recording device like a camera or a phone
Throughout this course, you’ve been busy helping people in all kinds of careers solve issues or create projects in their line of work. Now it’s time to focus on you! In this activity, you will take the results from your O*Net Interest Profiler and the knowledge you’ve gained in the past units and use both to decide what might be a great career for you! You will put all this information together and create a Career Action Plan.
Part 1: Laying the Pathway
Save this word document as ‘Laying the Pathway.’
Part 2: Compiling the Paperwork
Great! You’ve laid out your pathway. Now, we need to gather all the papers you’ll need to apply for jobs.
Step 1: Resume
Now for the next part of your Career Action plan, the first thing you are going to do is create a resume. Create your resume document from a template. You might find one in your word processing program or by searching the internet for a free resume template. Then, make sure your resume contains the following components:
Is your resume filled in? Is it nice and neat, with everything spelled correctly? Great! Remember to save your Resume to include in your Career Action Plan.
Step 2: Cover Letter
Now, we will work on your cover letter. Remember, a cover letter is a document that explains in your own words and more detail why you are the perfect candidate for the job you are applying for. This is how your cover letter should break down:
Proofread your cover letter for errors. If you are satisfied with it, save it under ‘Cover Letter’ to include in your Career Action Plan.
Step 3: Job Application
With your resume and cover letter, you will usually need to fill out a job application that is specific to the company you are applying to. Much of the information will be a repeat of what is in your resume, but job applications make it easier for a human resources manager to know exactly where to look for specific information.
Use a search engine to find a free mock job application form. Take the information you put in your resume and fill out the job application. Save this as ‘Job Application.’
Part 3: It’s Time to Sell
You may not have chosen Marketing as your career pathway, but we all must sell a bit when it comes to finding a job. We are selling ourselves! In an interview, it is important to help the recruiter or employer to understand what you are all about and how you will be a benefit to the company. Look back over the tips you’ve learned so that you can put your best foot forward.
One thing that we must think about in interviews is proper business etiquette, or behavior. Remember when you were little, and your parents were constantly reminding you to ‘mind your manners’? Well, this idea of manners and polite behavior is especially important when you get a job. The way you act will reflect on the company that you work for, so if you are polite, hardworking, and courteous, this will benefit your employer. It will also make you much more likely to get along with your coworkers! Some rules of business etiquette include:
Being on time (show respect for others’ schedules)
Dressing appropriately (be a good visual representative of your company)
Speaking politely (use proper titles and avoid interrupting others or using bad language)
Avoiding gossip (don’t repeat things about coworkers)
Showing interest in others (make eye contact, don’t play with your phone while in a conversation)
Write emails respectfully (don’t be sarcastic, type in all caps, or fail to sign an email)
In this part of your Career Action Plan, you will video yourself during a mock interview. Have a partner read you the questions below (or if that is not possible, read them out loud to yourself). Then answer, looking at the camera as if it is the interviewer. Use appropriate business etiquette in your interview so that your prospective employer will want you to represent their company. Remember to speak clearly and smile!
Interview Questions
Can you tell me a little bit about yourself?
Why are you applying for this position?
What have you learned in your classes to prepare you for this position?
How would you be a good fit for this position?
What are your strengths and weaknesses?
Remember to answer all five questions in your interview. Save your video to upload with the rest of your plan. You can name it ‘Interview.’
You did it! Congratulations! You have completed your Career Action Plan.
Submit the following documents:
DO NOT DO VIDEO NOT NEEDED I WILL DO THAT
Multimedia tools are used in digital storytelling to bring stories to life. Digital stories can be used to convey an argument, reflect on a personal experience, teach a subject, or retell a historical event.
How can I advance in my profession?Use these 12 work success guidelines to begin experiencing career success.
a. Choose Your Job Carefully.
b. Always be learning.
c. Recognize the demands of your position.
d. Work as a team.
e. Assume Responsibility for All Your Actions.
A lifestyle career is what?Both people are capable of completing the duties necessary for their jobs, but their schedules will differ. "Work as a Lifestyle" gives businesses and employees the power to find balance, select the schedule that works best, and more.
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Which is better overloading or overriding?i
Overloading outperforms overriding in terms of performance. The reason for this is because overridden methods are bound at runtime. Private and final methods can be overloaded, but not overwritten.
Overloading occurs at compile-time, whereas overriding occurs at runtime: The binding of an overloaded method call to its definition occurs at compile-time, but the binding of an overridden method call to its definition occurs at runtime.
Static methods can be overloaded, which means that a class can have multiple static methods with the same name. Static methods cannot be overridden; even if you declare the same static method in a child class, it has no bearing on the parent class's method.
The most fundamental difference is that overloading is done in the same class, but overriding requires base and child classes. Overriding is the process of providing a specific implementation to a parent class's inherited method.
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What is the difference between an industrial and post industrial economy?
An industrial economy is characterized by large-scale manufacturing, the use of fossil fuels, and the production of material goods. In contrast, a post-industrial economy is characterized by a focus on service industries, information technology, and the production of knowledge and ideas.
In an industrial economy, there is a strong emphasis on the production of material goods and the use of natural resources. This includes the manufacturing of goods such as cars, electronics, and clothing, as well as the extraction of resources such as coal and oil.
In contrast, a post-industrial economy is characterized by a focus on service industries and the production of knowledge and ideas. This includes industries such as healthcare, education, and finance, as well as the development of new technologies and the production of intellectual property.
In summary, the main difference between an industrial and post-industrial economy is the focus on the production of material goods versus the production of knowledge and ideas.
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In routine problem solving, the number of external information sources used is typically which of the following?a.noneb.a fewc. there is wide variationd.manye.one
In the course of solving typical problems, external information sources are frequently (A) not used.
What is routine problem-solving?Routine problem-solving emphasizes using predetermined or well-known sets of steps (algorithms) to address issues.
This method's advantage is that paper-and-pencil testing can quickly evaluate it.
There are often no outside information sources employed in normal problem resolution.
Non-routine problem solving focuses on issues that are only indirectly related to everyday living, as opposed to regular problem solving, which focuses on problems that are helpful for daily living (in the present or the future).
This part of the routine has two objectives.
The learner must first assess the issue and determine what is occurring in the problem's context.
Therefore, in the course of solving typical problems, external information sources are frequently (A) not used.
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All of the following statements regarding corporate social responsibility are true except:A) firms believe that they have legal and economic duties in addition to responsibilities to society.B) a firm's responsibilities to society are not associated with the demands, expectations, requirements, and desires of various stakeholders.C) CSR can be defined as context-specific actions and policies, taking stakeholders' expectations into account, to achieve what is referred to as the triple bottom line.D) today, virtually all large and well-known companies engage in some form of CSR.E) CSR actions are not mandated by law.
The statement that is NOT true regarding corporate social responsibility (CSR) is: B) A firm's responsibilities to society are not associated with the demands, expectations, requirements, and desires of various stakeholders.
What is corporate social responsibility ?CSR involves taking into account the interests of a wide range of stakeholders, including customers, employees, suppliers, communities, and the environment. By meeting the needs and expectations of these stakeholders, firms can achieve long-term success and sustainability.
This statement is not true because a firm's responsibilities to society are often associated with the demands, expectations, requirements, and desires of various stakeholders.
Therefore the correct option is B.
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Which of the following is true about globalization?(i) Globalization refers to the accelerated interdependence of economic and business activities across national boundaries.(ii) Globalization influences the availability and pricing of products and services around the world.(iii) Globalization affects your careers opportunities and the skill you will need to be successful.(iv) Globalization creates opportunities and poses challenges to individuals businesses and countries.A) (i)B) (i) (ii)C) (i), (ii), (iii)D) (i), (iii) (iii), (iv)
Globalization refers to the increasing interconnectedness of economies, societies, and cultures around the world, brought about by advancements in technology, transportation, and communication. Here option D is the correct answer.
This increased interdependence of economic and business activities across national boundaries has created a global marketplace where products and services are increasingly available and priced the same everywhere. This means that globalization influences the availability and pricing of products and services around the world, as stated in option (ii).
However, globalization also affects careers and the skills needed for success, as mentioned in option (iii). As businesses expand globally, they may seek employees who have cross-cultural competencies, language skills, and a deep understanding of the cultural and economic context of different countries.
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What is shadow work journaling?
Shadow work journaling is a practice that involves exploring and working through your inner thoughts, feelings, and experiences that may be causing you discomfort or pain. It is a form of introspection and self-exploration that can help you gain a deeper understanding of yourself and your relationships with others.
Shadow work journaling involves writing about your thoughts, feelings, and experiences in a journal or notebook, and can be used to identify and address any negative patterns or behaviors that may be holding you back. It is a powerful tool for self-discovery and personal growth, and can help you uncover hidden aspects of yourself that you may not have been aware of before.
The goal of shadow work journaling is to help individuals gain greater self-awareness and acceptance of their shadow aspects, which can lead to greater emotional healing and personal growth.
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what is transworld business advisors ?
Transworld Business Advisers focuses on three key ideas: franchise counselling, business brokerage, and franchise development.
The franchisor is Transworld Business Consultants, LLC. A member of United Franchise Group is the franchisor.
Despite the business' success, CEO Andrew Cagnetta saw room for even greater expansion. Ray Titus, CEO of United Franchise Group, and Cagnetta quickly formed a partnership and began franchising Transworld Business Consultants. Services for managing and collecting receivables are offered by Transworld Systems Inc. The Firm focuses on a variety of American industries, including those in commerce, healthcare, education, and finance.
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What is a signal that a prospect is ready to buy?
A signal that a prospect is ready to buy is when they start asking more specific questions about the product or service. This indicates that they have moved from the consideration phase to the decision phase and are now seriously considering making a purchase.
Other signals can include asking about pricing and availability, requesting a quote or proposal, or indicating that they have the budget or authority to make a purchase. It is important to pay attention to these signals and respond accordingly, as they are a key indication that the prospect is ready to buy.
When a prospect gives you positive feedback on your product or service, it can be a sign that they are interested in making a purchase.
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A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of $7.50 per unit. What is the total holding cost?
a.200
b.1500
c.750
d.500
The total holding cost is approximately $649.23, which is closest to answer option b, 1500.
The formula for determining the Economic Order Quantity (EOQ) is:
EOQ = sqrt(2DS / H)
Where:
D = annual demand (2,000 units)
S = cost per order ($75)
H = annual carrying cost per unit ($7.50)
Plugging in the values:
EOQ = [tex]sqrt(2 * 2000 * 75 / 7.5) = sqrt(30000) = 173.2051...[/tex]
So, the optimal order quantity is approximately 173 units.
The total holding cost can be calculated using the formula:
Total Holding Cost [tex]= H * (EOQ/2) = 7.5 * (173.2051 / 2) = 649.23[/tex]
Therefore, the total holding cost is approximately $649.23, which is closest to answer option b, "1500".
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To identify some form of common global ethics, partners in the organization of american states signed the inter-american convention against corruption. The united nations adopted a formal condemnation of __________ in making business deals as did the european union and the organization for economic cooperation and development.
The European Union, the Organization for Economic Cooperation and Development, and the United Nations have formally condemned bribery in commercial transactions.
Bribery refers to the act of offering, giving, receiving, or soliciting something of value in exchange for an undue advantage. It is a form of corruption that undermines fair competition and distorts the allocation of resources.
The Inter-American Convention against Corruption, signed by the members of the Organization of American States, seeks to promote transparency, accountability, and citizen participation in the fight against corruption.
Similarly, the United Nations, the European Union, and the Organization for Economic Cooperation and Development have condemned bribery and other forms of corruption in business deals through various initiatives and agreements. These efforts aim to establish a common global ethics framework that promotes integrity, fairness, and sustainable development, and that helps prevent and combat corruption at all levels of society.
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identify the force that anthropologists of finance suggest is behind the global expansion of capitalism in the twenty-first century.
Circulation of capital is the force that anthropologists of finance suggest is behind the global expansion of capitalism in the twenty-first century.
Which definition of an anthropological fits the bill?
People who study anthropology the study of humanity are referred to as anthropologists. In essence, they are seeking to understand what it is that makes us human.
An anthropologist might be fascinated by anything, ranging from the customs of a tribe on a distant island to the culture of an urban neighborhood, and everything in between.
What exactly does anthropology study?
The study of the beginnings and progression of human communities and cultures is known as anthropology. Languages, belief systems, social structures, organizations, and material possessions all fall under the category of culture, which is learned behavior.
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A company wishes to determine the EOQ for an item that has an annual demand of 2,000 units, a cost per order of $75, and annual carrying cost of $7.50 per unit. What is the total holding cost?
a. 200
b. 1500
c. 750
d. 500
The total holding cost is (c): 750.
The total holding cost can be calculated using the formula:
Total Holding Cost = (Carrying Cost per Unit * EOQ) / 2
Where EOQ is the Economic Order Quantity, calculated as:
EOQ = sqrt((2 * annual demand * cost per order) / carrying cost per unit)
Substituting the given values in the formula, we get:
EOQ = sqrt((2 * 2000 * 75) / 7.5) = sqrt(40000) = 200
Plugging this value into the total holding cost formula, we get:
Total Holding Cost = (7.5 * 200) / 2 = 750
Therefore, the total holding cost is approximately 750.
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How Does traditional savings account typical add to balance regularly?
In its most basic form, a traditional savings account is a place to keep your money. It is an account that you typically open alongside a checking account, but you do not want to regularly spend money from.
What is saving account ?Although the procedures for opening a traditional savings account vary from financial institution to financial institution, you will typically make your request to open one online, in-branch, or over the phone. After that, you'll make a deposit that is sufficient to satisfy the minimum requirement, if any. Set up a regular, recurring deposit from your paycheck or checking account, whichever you prefer, to reach your savings goal. Keep an eye on your spending to see if this amount is within reach, and make any necessary adjustments. Because they are safe and dependable, these accounts are a great way to store money for immediate needs, despite the fact that they typically only pay a low interest rate.
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Business ethics is concerned with all of the following except
A. Distinguishing between right and wrong actions in a business setting.
B. Distinguishing between right and wrong decisions that arise in a business setting.
C. Any special duties or obligations that apply to persons engaged in commerce.
D. Broad and well-established moral and ethical principles that might arise in a business setting.
E. Societal issues such as the sale of products or services that may damage the environment.
Business ethics is not generally concerned with C: "any special duties or obligations that apply to persons engaged in commerce".
Business ethics is concerned with distinguishing between right and wrong actions and decisions in a business setting, and with understanding and applying broad and well-established moral and ethical principles that may arise in a business context. It also considers societal issues such as the sale of products or services that may harm the environment.
However, business ethics is not necessarily concerned with any special duties or obligations that may apply specifically to persons engaged in commerce. Instead, it focuses on more general moral and ethical principles that apply to all individuals and organizations, regardless of their specific role or industry. The aim of business ethics is to promote ethical behavior and decision-making in the business world, and to encourage companies to act in ways that are consistent with the values and interests of society as a whole.
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A firm relies on a wide variety of vendors to make and distribute its products. Manufacturers buy raw materials from suppliers, use shipping companies to transport finished goods to multiple locations, and establish relationships with the retailers who sell them to consumers. Put all these businesses together, and you have a ___?
A firm relies on a wide variety of vendors to make and distribute its products. Manufacturers buy raw materials from suppliers, use shipping companies to transport finished goods to multiple locations, and establish relationships with the retailers who sell them to consumers. Put all these businesses together, and you have supply chain.
What does supply chain mean in plain English?
A supply chain is the web of people, businesses, resources, tasks, activities, and technology involved in the production and distribution of a good.
A supply chain includes every step of the process, from the transfer of raw materials from the supplier to the producer to the final distribution to the customer.
What three supply chains are fundamental?
Supply chain management primarily focuses on three flows: the product flow, the information flow, and the financial flow. The product flow is the process through which products are transported from a supplier to a customer. Customer service requirements and refunds are also included in this supply chain management cycle.
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Ajax corp's sales last year were $510,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (tie) ratio?.
Ajax corp's times-interest-earned (TIE) ratio is 11.80 times when sales last year were $510,000, operating costs were $362,500, and interest charges were $12,500.
Sales = $510,000
Operating costs = $362,500
Interest charges = $12,500
EBIT (earnings before interest and taxes) measures a company's net income prior to the deduction of interest and income tax charges. With the costs of the capital structure and tax expenses removed, EBIT is used to assess the profitability of a company's core operations.
Earnings before interest and taxes (EBIT) = Sales - Operating costs = $510,000 - $362,500 = $147,500
Time interest earned ratio (TIE) = EBIT/Interest charges = $147,500/$2,500 = 11.80 times
Hence, the Time interest earned ratio (TIE) is 11.80 times.
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_____ is the process of preparing a batch report from a point-of-sale terminal.
Batch reconciliation is the process of preparing a batch report from a point-of-sale terminal.
This process involves comparing the transactions that have been recorded in the point-of-sale terminal with the corresponding transactions in the company's accounting records.
The batch report will include the total number of transactions, the total amount of each transaction, and any discrepancies that may exist between the two records.
This process is necessary to ensure accuracy in the company's financial records and to ensure that all transactions are properly accounted for.
Batch reconciliation also helps to detect any potential fraud or errors that may have occurred during the transaction processing.
By reconciling the transactions in a timely manner, companies can ensure that their financial records are accurate and up to date.
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What is putting-out system examples?
The putting-out system is a means of subcontracting work. Historically, it was also known as the workshop system and the domestic system. The arrangement between the merchant and the weavers is an example of a putting-out system.
The putting-out system is an economic system that was prevalent in Europe during the 17th and 18th centuries. In this system, a merchant would provide raw materials to a network of rural producers who would work on them at their own homes. These producers would then return the finished products to the merchant who would sell them in the market. The merchant would pay the producers for their labor but also take a significant cut of the profits.
The putting-out system was an early form of industrial production and helped to promote rural industrialization. It provided work to rural communities and helped to spread industrialization beyond urban centers. However, it was also an exploitative system that paid low wages and perpetuated inequality. The putting-out system eventually gave way to the factory system, which was more centralized and efficient but also brought its own set of problems.
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