lean accounting for materials lo p1 use lean accounting to prepare the journal entry to record the purchase on credit of $29,800 of raw materials.

Option D is correct. This is an executory contract.

An executory contract is an ongoing arrangement between two parties that places certain duties on them to be fulfilled over a predetermined time frame. They are contracts in writing that guarantee each party is aware of their obligations as well as those of the other.

Fixed-price and cost-reimbursement contracts are the two primary categories that are most frequently used in federal government contracts. Incentive contracts, time-and-materials agreements, labor-hour agreements, contracts for indefinite delivery, and letter agreements are other contract forms.

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The standard deviation would be  35%.

Standard deviation is a statistical measure that describes the amount of variability or dispersion in a set of data. It measures how much the data values differ from the average or mean value of the data set.

A smaller standard deviation indicates that the data points tend to be closer to the mean, while a larger standard deviation indicates that the data points are more spread out.

In the above case, the standard deviation would be  35%.

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In accounting, assets are resources that a company owns and can use to generate future economic benefits, while liabilities are obligations that a company owes to others. To determine their function in an accounting system, you should evaluate assets and liabilities in terms of their liquidity, or the ability to convert them into cash.

Assets are usually listed in order of their liquidity, with cash and cash equivalents at the top, followed by short-term investments, accounts receivable, inventory, and fixed assets. Liabilities are also listed in order of their due date, with short-term liabilities, such as accounts payable and current portion of long-term debt, at the top, followed by long-term liabilities, such as bonds and mortgages.

By evaluating assets and liabilities in this way, you can determine their role in the accounting system, such as how they are used to generate revenue, how they are financed, and how they contribute to the overall financial health of the company.

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The risk and change management has a function to Identifying, assessing, and managing the risks and day-to-day changes that occur during a project. So the correct option is B. Risk and change management.

In the term of business and organizations management, Risk management generally can be defined as the identification, evaluation, and prioritization of risks. The risk management action is followed by coordinated and economical application of resources. Risk management has an important function to minimize, monitor, and control the probability or impact of unfortunate events. In the other side, risk management has a function to maximize the realization of opportunities.

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It is necessary to plan open office spaces to create two exits with obvious, continuous paths. The minimum aisle width for life safety considerations in shared office spaces with established aisles between desks or cubicles is 28 inches, or 32 inches if wheelchair access is needed.

A product is the item that is being sold. A product can be either an item or a service. Each product has a price and a cost connected with it. The price that can be charged is influenced by the market, the product's quality, its marketing, and the target market. You cannot use any of the other three components of the marketing mix if you don't have a product. Furthermore, outstanding items are simple to advertise because they fulfil both needs and wants.

Product characteristics are the tangible qualities of the item that need to be controlled. Size, form, weight, colour, quality, hardness, and other attributes are a few examples of product qualities. Depending on your product and how its functional design criteria have been developed, the list of product attributes may vary.

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If the price of good a increases and, as a result, the demand for good b decreases, then goods a and b are considered to be substitute goods.

Many times, two or more products can be utilized for a similar purpose and are therefore somewhat interchangeable if they are substitute goods. Customers frequently choose Commodity B instead of Commodity A when the price of one of these substitute items (in this case, Commodity A) rises in order to fulfil their needs or desires. In turn, this causes the demand for the replacement item (Commodity B) to rise while falling for the original good (Commodity A). The substitution effect is what is meant by this.

For instance, if the cost of coffee (Commodity A) goes up, some customers might decide to switch to tea (Commodity B), which could result in a decline in coffee demand and an increase in tea demand.

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Given that the business uses FIFO, you would require 1 additional unit from the following transaction at a price of $11 each unit. As a consequence, the Cost of Sales for both the January 7 sale is equal to $111 (10 units at $10 each plus 1 item at $11).

The cost of any new merchandise acquired throughout the covered period is added to the stock value at the start of the study period to determine the price of goods sold (COGS).

When comparing these two lines, the cost of selling goods solely accounts for the spending related to producing the things you sold throughout the year, whereas your expenses

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Spend more on brand advertising than the Latin American industry average.

This will benefit the product as a whole but will have no more influence on the product's online part; instead, the focus should be on the online sector in order for it to be successful in this context.

Advertising is the activity and methods used to bring attention to a product or service. Advertising attempts to draw attention to a product or service by highlighting it. It is frequently used to advertise a certain product or service, although it has a wide range of uses, the most common of which is commercial advertising.

The goal of advertising is to inform consumers about their product and persuade them that a company's services or products are the best, to improve the company's image, to highlight and create a need for products or services, to demonstrate new uses for established products, and to announce new products and programs.

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Nina can choose to receive $5,000 today or $5,000 a year from now. If she takes the money now and invests the money at a 6% interest rate (after tax), she will have $5300 one year from now.

If Nina takes the money now and invests it at a 6% interest rate (after tax), she will have $5,300 one year from now.

To calculate, the formula is:

Future value = Present value x (1 + interest rate)

Future value = $5,000 x (1 + 0.06)

Future value = $5,000 x 1.06

Future value = $5,300

Therefore the future value is $5300.

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The correct answer is B. Market value ratios. Market value ratios are used by investors to determine how the stock market values a company.

Market value ratios provide insights into investors' expectations for a company's future performance and risk. These ratios include the price-to-earnings ratio (P/E ratio), which compares a company's stock price to its earnings per share, and the price-to-book ratio (P/B ratio), which compares a company's stock price to its book value. A high P/E ratio suggests that investors expect the company to have strong future earnings growth, while a low P/E ratio suggests the opposite. Similarly, a high P/B ratio implies that investors believe a company's assets are undervalued, while a low P/B ratio suggests the opposite. Other market value ratios include the market-to-book ratio (M/B ratio), which compares a company's market value to its book value, and the dividend yield ratio, which measures the return on investment through dividends paid by the company. In summary, market value ratios provide valuable insights into investors' perceptions of a company's future prospects and risks, which are important considerations when making investment decisions.

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The shape of the average total cost curve reveals information about the nature of the barrier to entry that might exist in a monopoly market. Monopoly types best coincides in the "natural monopoly".

The monopoly market is the market in which the seller is single seller with a unique product in the whole market. The monopoly is of two types natural monopoly and legal monopoly.

In the natural monopoly in which the  circumstance of the high start-up costs and the economics of the scale lead to only one company. The shape of the average total cost curve reveals information about the nature of the barrier to entry that might exist.

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Both small and big businesses can benefit from using big data in their organization because big data can be easily collected and analysed in real-time regarding customer behavior to then implement real-time solutions.

A business is an organization formed to earn profit by selling goods and commodities to their customers.

Big data can also be used to forecast weather, natural disasters, urban and community planning, traffic management, logistics and machine efficiency, personalized healthcare, customized learning, autonomous vehicles, fraud detention, translation, smart homes, robotics, etc. also it helps business to harness their data and use it to identify new opportunities.

Therefore, Big amount of data can be easily collected and analyzed in real-time considering customer behavior to then utilize real-time solutions.

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In general, interviews and focus groups are considered to be more acceptable and successful than surveys when gathering data directly from children.

Studying through surveys - Surveys are less customized and participative, but they can also be more cost-effective and produce more quantifiable data that is simple to analyze. Focus groups often lead to fruitful discussions, but they may be expensive and time-consuming, and they can also produce qualitative data that is occasionally harder to comprehend.

Focus groups can help researchers learn about the viewpoints, original ideas, and insights of kids that are typically overlooked in more traditional pediatric research. Another cutting-edge technique for learning about children's experiences from a developmental perspective is focus groups.

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The complete question is:

which of the following primary data techniques would be best suited to gathering reliable data in a target population of young children?

(a). interviews

(b). focus groups

(c). Surveys

The formula used to determine a company's profit margin, which divides net income/accounts receivable/net sales by net income/cash/net sales, is flawed. Thus, it is true.

By dividing revenue by income, the profit margin can be used to calculate how much money a firm or business activity makes. The profit margin, which can be stated as a percentage, indicates how much profit was produced for each dollar of sales.

Profitability is assessed using the profit margin. By computing profit as a percentage of revenue, it is determined. . Low profit margin firms are nevertheless capable of surviving. Profit margins could be positive or negative.

Therefore, it is true that  profit margins are typically expressed as percentages. For instance, a business would have a 60% profit margin and a profit margin of $0.60 per dollar of revenue.

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The 2021 statement of cash flows for Smolira Golf Corp. will include a section for cash flows from operating activities, net cash from investment activities, and financing activities.

Cash flow is the movement of money into and out of a business, individual, or other entity. It is the net amount of cash and cash-equivalents being transferred into and out of an organization. Cash flow can refer to the money flowing in and out of business activities, such as operating, investing, and financing activities, as well as any other external sources of money entering or leaving the company.

The cash flows from operating activities will include the cash generated from sales and other income, as well as the cash used to purchase inventory and pay expenses. The net cash from investment activities will include the cash generated from any investments made during the year, such as the sale or purchase of fixed assets. The financing activities will include the cash generated from any borrowing or other financing activities, such as the issuance of debt or equity. Finally, the statement will also include the cash balance at the beginning of the year.

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The statement is True. one of the components of marketing involves the process of collaborating with suppliers and customers to create offerings that have value.

A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.

In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.

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The option e "Universal Studios tickets and car rentals are complements." must be TRUE based on this information. This is true because when the price of one item goes up, the demand for its complement will go down. So the option e is correct.

When the price of one item rises, so does the demand for its complement. Since the increase in price of Universal Studios tickets led to a decrease in car rentals, it follows that the two are complements.

For example, if the prices of Universal Studios tickets go up, people may be less likely to rent a car to get to the park, decreasing the demand for car rentals. This in turn could decrease the prices of car rentals near Universal Studios.

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The correct order of how financial statements are prepared from the information taken from the trial balance is to first identify all revenues and expenses, then compute net income, and finally compute the ending retained earnings balance.

The trial balance is a listing of all the general ledger accounts and their balances, and is used to ensure that debits and credits are equal in the accounting system. From the trial balance, the next step is to identify all revenues and expenses by classifying the accounts into those categories. Once all revenues and expenses have been identified, the net income can be calculated as the difference between total revenues and total expenses. Finally, the ending retained earnings balance can be calculated by adding net income to the beginning retained earnings balance and subtracting any dividends paid during the period. These calculations are used to prepare the balance sheet, which reports the company's assets, liabilities, and equity at a specific point in time, and the income statement, which reports the company's revenues and expenses over a specific period of time.

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We commonly observe specific instances of logical decision-making when making significant life decisions. It adheres to a strict procedure founded on logic and factual data.

Rational decision-making is the opposite of intuitive decision-making It requires recognizing the problem that has to be solved, gathering data, finding options and outcomes, evaluating them, considering all the linkages, and coming to a decision. Examples include choosing what to do with your life after high school, expanding your business significantly, or moving your family. Decision-making, which is also spelled decision-making, is the cognitive process that leads to the choice of a belief or a plan of action from a wide range of viable alternative possibilities. It might be both illogical and sensible at the same time. At the conclusion of any decision-making process, a decision is reached, and that decision may or may not result in action.

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SAMCROW has recently placed orders, places orders regularly, and purchases the most expensive things.

Recency, frequency, and monetary value (RFM) is a marketing analysis model that divides a company's customer base based on their buying tendencies or customs.

RFM reports have more data drilling capabilities than OLAP reports. OLAP reports are more specialized than RFM reports. RFM reports provide dimensions and measurements. RFM reports are not as dynamic as OLAP reports.

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The C: policy reinstatement clause gives you the right to reinstate your life insurance policy by paying all back interest, premiums, and policy loans. This feature generally must be exercised within a few years from the time the policy lapses.

The policy reinstatement clause in a life insurance policy allows the policyholder to reinstate their coverage after it has lapsed by paying all the back premiums, interest, and policy loans owed. This option typically must be exercised within a few years from the time the policy lapsed. The policy reinstatement clause provides an opportunity for individuals who have allowed their life insurance coverage to lapse to resume their coverage without having to go through the application process again.

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TRUE. The mentioned technique, sometimes referred to as the "phased approach" or "phased development," is typical in system analysis and design. With this method, the project is broken up into numerous phases,

The process of researching and evaluating complex systems to find issues, inefficiencies, and potential areas for change is known as system analysis. It entails disassembling a system into its component parts and analysing how these parts work together to accomplish a shared objective. System analysis seeks to pinpoint the underlying problems that impact a system's efficacy and efficiency and then makes recommendations for how to address these problems. Identifying user requirements, creating software and hardware, modelling system behaviour and performance, testing and verifying system functioning are all common steps in system analysis. System analysis is a crucial step in creating high-quality systems that satisfy stakeholders' and end-users'

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The correct option is D. Audit fee increases factors are not a reason forensic investigators are increasingly used in accounting.

An account is a particular report inside an employer's financial ledger or balance sheet. Accountants, finance experts, and bookkeepers can use debts to report important financial records, like reporting day-by-day transactions to confirm the exact amount of money an organization has at any moment.

In accounting, an account is a document within the famous ledger this is used to kind and maintain transactions. as an example, groups may additionally have an account of a coin wherein to file every transaction so one can increase or decreases the business enterprise's cash. fundamental accounting ideas used in commercial organizations globally cover income, charges, belongings, and liabilities. the one's elements are tracked and recorded in documents which encompass stability sheets, income statements, and cash glide statements.

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projected benefit obligation (PBO) defined benefit pension plan is a retirement plan in which an employer promises to pay.

The benefit is typically based on a formula that takes into account the employee's years of service, age, and salary at retirement.The projected benefit obligation (PBO) is the present value of the future payments that the employer is obligated to make to employees under the terms of the defined benefit plan. The PBO is calculated using actuarial assumptions about the future, including interest rates, employee turnover, mortality rates, and other factors.In the case of Blossom Enterprises, the company's defined benefit pension plan has a projected benefit obligation of $2,762,100. This means that, based on the assumptions used to calculate the PBO, the company expects to pay out a total of $2,762,100 in retirement benefits to its employees over time.To fund the plan, Blossom Enterprises will need to contribute funds to the plan on a regular basis. The amount of the required contributions will depend on a number of factors, including the PBO, the current funding status of the plan, and the investment returns earned by the plan assets.

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The answer is true, The component costs of capital are market-determined variables in the sense that they are based on investors' required returns is true.

The entire number of buyers and sellers in the area or region under consideration is referred to as the market. Earth, as well as several nations, regions, states, and cities, may be the subject. The worth, expense, and cost of the goods traded depend on the forces of supply and demand in the market.

In a market economy, activity happens at random. It is not governed by a centralized body; rather, the supply and demand for goods and services decide it. Japan, England, and the United States are all instances of market economies.

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A company may invest in the securities of another company for a variety of reasons, including potential financial gain, diversifying their portfolio, or access to new technologies or markets. For example, a company may purchase stocks in another company to gain access to their expertise or access to new products.

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Sarah's statement about her credit history suggests that option (c) she owns her condo which affects her collateral, as her creditworthiness would be considered insufficient by most lenders.

Credit is an essential component of the modern economy, and it refers to the ability of a borrower to obtain money or goods with the promise of paying it back in the future.

When someone cosigns a loan, they are essentially agreeing to be responsible for the debt if the primary borrower defaults on the loan. As a result, lenders will evaluate the cosigner's credit history to assess their ability to repay the debt if necessary. Sarah's poor credit history, as indicated by her statement, would be a red flag to lenders, indicating that she may not be a reliable cosigner.

Specifically, the late payments she has made would suggest that she may not be able to make timely payments on the loan, while having very little debt would not necessarily help her case, as lenders may prefer to see a track record of successfully managing credit.

On the other hand, owning a condo would not necessarily impact her ability to cosign, as this is not typically considered collateral for a loan. Good character, as demonstrated by paying credit card bills in full, is a positive sign, but it may not be enough to offset a poor payment history.

Therefore, option(c) is correct.

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Because this transaction meets the control of the corporation requirement, Janice has income of $0 and Thom has income of $40,000.

An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction.

The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping. Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later.

Regardless of when payment is received or paid, accrual accounting records a transaction as soon as it is complete. Smaller businesses tend to employ cash accounting, which only records transactions when cash is received or dispersed.

Regardless of when money is collected or expenditures are paid, the accrual accounting technique mandates that a transaction be recorded as soon as it takes place.

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An organization that attempts to catch errors/issues in the earliest stage are utilizing the principles of HRO.

Five fundamental HRO principles—deference to knowledge, reluctance to simplify, sensitivity to operations, dedication to resilience, and preoccupation. With failure—are fundamental to the success of any improvement programme HRO. The simplest diagnosis is frequently taken into consideration by the team while assessing a patient in high reliability deference.

Which seek to simplify procedures where necessary to increase patient safety. HROs are averse to oversimplifying problem interpretations or explanations. deference that successfully execute their tasks in the face of extreme complexity and risk are known as high-reliability organisations (HROs). Examples include the Air Traffic Control system operated by the Federal Aviation Administration, aircraft carriers, nuclear power facilities, and NASA.

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True. The power adapters that Dell sells with its computers are built by small companies that specialize in power related accessories. When Dell purchases its power adaptors from those small companies, it is involved in B2B marketing

When Dell purchases power adapters from small companies that specialize in power-related accessories, it is involved in business-to-business (B2B) marketing. B2B marketing involves transactions between two or more businesses, rather than between a business and individual consumers.

In this case, Dell is purchasing goods from other businesses (the small companies that specialize in power-related accessories) to use in the production of its own products. The focus of B2B marketing is on building long-term relationships between businesses, identifying the unique needs of business customers, and creating value for both parties involved in the transaction.

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