Profit maximization is the fundamental goal of every business organization. To maximize the profit in the situation of the given scenario, we need to consider the demand function and the total cost function of the firm for two different markets: the UK and the EU.
Given Demand functions are 20Pi + Qi = 5000 where the subscript, i, takes the values 1 and 2 corresponding to the UK and EU, respectively. Now, we need to find the total revenue functions for both markets. The total revenue function for the UK market can be derived as follows:TR₁ = P₁Q₁Given Demand functions are 20Pi + Qi = 5000 where the subscript, i, takes the values 1 and 2 corresponding to the UK and EU, respectively.
Rewriting the above equation for the UK market as Q₁ = 250 - P₁Considering the total cost function TC = 40Q₁ + 90Q₂ + 2000The profit function for the firm in the UK market will be:Π₁ = TR₁ - TCΠ₁ = P₁Q₁ - (40Q₁ + 90Q₂ + 2000)Putting the value of Q₁ in the above equation we get,Π₁ = P₁(250 - P₁) - (40(250 - P₁) + 90Q₂ + 2000)Simplifying the above equation, we getΠ₁ = -40P₁² + 250P₁ - 90Q₂ - 4000The profit function for the firm in the EU market will be:TR₂ = P₂Q₂Given Demand functions are 20Pi + Qi = 5000 where the subscript, i, takes the values 1 and 2 corresponding to the UK and EU, respectively.
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true or false: the product life-cycle theory suggests that mature industries tend to shift production out of the united states and into low-cost assembly locations. true false question.
According to the product life-cycle theory, mature companies have a tendency to move production overseas and into low-cost assembly locations. Hence, the correct response is (true).
Write a short note on product life-cycle theory.The Product Life Cycle Theory, an economics theory, was developed by Raymond Vernon in reaction to the Heckscher-Ohlin model's inability to explain the observed pattern of international trade. The idea holds that all of the components and labor for a product are available there from the beginning of its life cycle. Once a product is approved and used on the marketplaces around the world, production eventually moves away from the point of origin. In some cases, the product evolves into a thing that its country of invention imports.
The development and manufacture of the personal computer in the United States is a frequently cited example of this.
According to the Product Life Cycle Theory, a product goes through five stages :
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Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and asks you what kinds of careers he might consider that would allow him to learn more about communications. You know that advances in telecommunication are always being introduced, and in the future more and more people will be needed in the Energy cluster to design, create, advertise, and sell new ways of communicating. List two careers that he could pursue along the telecommunication pathway. What kind of skills or talents would he need in these two careers? How could he gain the talents or skills to succeed in these two careers?
Answer:
Computer Software Engineers or Computer programmers
Explanation:
To become a Computer Software Engineer, you would need to be good at problem solving and logical thinking, Teamwork, Computer programming and coding, Software development, Written and verbal communication and a bit more.
To become a Computer Programmer, you would need to be good at mathmatics, communication skills, writing skills, learning concepts and applying them to other problems, self-motivation, and a couple more.
Retail business providing an easily accessible location to quickly purchase a wide array of products from gum to sandwiches.
A convenience store is a retail business providing an easily accessible location to quickly purchase a wide array of products from gum to sandwiches.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products.
Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example transaction is a home sale.
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Sandy's Soda Co. is planning an investment in new cooling equipment that would cost $56,000. The new equipment would save on operating costs over the next 5 years as follows: $21,500 in year 1; $23,100 in year 2; $19,000 in year 3; $13,900 in year 4; and $15,200 in year 5.The payback period for the cooling equipment is ______ years.
Answer:
It will take 3 years and 219 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $56,000
Cash flow:
$21,500 in year 1
$23,100 in year 2
$19,000 in year 3
$13,900 in year 4
$15,200 in year 5
The payback period is the time required for the cash flow to cover the initial investment.
Year 1= 21,500 - 56,000= -34,500
Year 2= 23,100 - 34,500= -11,400
Year 3= 19,000 - 11,400= 7,600
To be more accurate:
(11,400/19,000)*365= 219
It will take 3 years and 219 days to cover for the initial investment.
Considering the situation described above, the payback period for the cooling equipment is 2.6 years.
The step by step is explained below for better illustration:
Given that Initial investment= $56,000
Where Cash flow in year 1 => $21,500
Cash flow in year 2 => $23,100
Cash flow in year 3 => $19,000
Cash flow in year 4 => $13,900
Cash flow in year 5 => $15,200
Therefore, the payback period is the time required for the cash flow to cover the original investment.
Hence, after two years, $44,600 ($21,500 + $23,100);
The amount left to be paid back is ($56,000 - $44,600) => $11,400
Therefore, $11,400 ÷ $19,000 = 0.6;
Thus, the total payback period is approximately 2.6 years.
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Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
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Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
What is the author's main claim or argument?
Pizza is the best
which laws affect economic choices?
anything other than labor and tax laws...
Apart from labor and tax laws, there are several other laws that affect economic choices, such as:
1. Antitrust laws: These laws aim to promote competition in the marketplace by prohibiting monopolies and other anti-competitive practices that may harm consumers.
2. Environmental laws: These laws regulate businesses' impact on the environment, and may impose restrictions on emissions, waste disposal, and other activities that could harm natural resources.
3. Consumer protection laws: These laws aim to protect consumers from fraudulent or harmful business practices, such as false advertising, defective products, or unfair pricing.
4. Intellectual property laws: These laws protect the rights of individuals and businesses to their inventions, creative works, and other forms of intellectual property, which can have significant economic value.
Overall, these laws and others can have a significant impact on economic choices, as they can create incentives or disincentives for businesses and individuals to engage in certain activities, invest in certain industries, or pursue certain strategies.
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Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. To renew the policy the insurance company charges an extra 40% to her premium rate. Given the options below, assess whether Eva made a wise decision. Annual life insurance premium (per 1,000 dollars of face value) for age 29. A 20-year term for male is 7 dollars and 84 cents, and for female is 6 dollars and 62 cents. 20-year term: for male is 10 dollars and 40 cents, female is 9 dollars and 4 cents. Whole life: male is 20 dollars and 5 cents and female is 18 dollars and 63 cents. A. Eva would have been better off selecting the 20-year term policy. B. Even with the extra charge for renewal, Eva’s plan is the least expensive. C. Given that Eva plans to renew, she should have selected the whole life policy. D. Eva ends up paying the same amount for each policy. Please select the best answer from the choices provided A B C D.
The best answer from the answer choices that were provided is that even with the extra charge for renewal, Eva's plan is the least expensive.
From the question, Eva is 29 and has two kids of 3 and 5. Her plan is to get the $400000 and renew it for another 10 years.
The renewal policy after 10 years is 40%, at the moment, her financial condition seems okay.
But given that the future can not be predicted and her kids are still growing, we are not sure what her finance may be like in 10 years time.
So we can agree with option B. This is a sensible decision.
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The Zakchari Company has six processing departments for refining sugar—Affination, Carbonation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process, and materials are added at the beginning of each process. Data from August for the Recovery Department are as follows: ? Metric Tons Beginning Work-in-Process Inventory 3,000 Transferred In 18,500 Ending Work-in-Process Inventory 6,500 In August, 15,000 metric tons were completed and sent to the Packaging Department. The ending Work-in-Process Inventory was 50% complete with respect to conversion costs. Prepare a production cost report for the Recovery Department to show the equivalent units for direct materials and conversion costs. The weighted-average method is used
The total cost of beginning work-in-process is added to the total cost incurred during the period to give the total cost of work-in-process.
The production cost report for the Recovery Department of the Zacchary Company in August shows the equivalent units and cost information for direct materials and conversion costs. The weighted-average method is used to compute the equivalent units.
Units Schedule of Equivalent Units:
Beginning WIP: 3,000 units at 100% completionTransferred In: 18,500 units at 100% completionTotal Units to Account for: 21,500 unitsEnding WIP: 6,500 units at 50% completion for direct materials and 3,250 units at 100% completion for conversion costsTotal Units Accounted for: 21,500 units (transferred in and ending WIP)Equivalent Units of Production:
Direct Materials: Beginning WIP (3,000 units) + Transferred In (18,500 units) + Ending WIP (3,250 units) = 22,750 unitsConversion Costs: Beginning WIP (3,000 units) + Transferred In (18,500 units) + Ending WIP (1,625 units) = 23,125 unitsCost per Equivalent Unit:
Direct Materials: Total Costs ($50,040) / Equivalent Units of Production (22,375 units) = $2.24 per unitConversion Costs: Total Costs ($48,125) / Equivalent Units of Production (22,625 units) = $2.12 per unitCost Reconciliation:
Costs to be accounted for: Direct Materials Transferred In Cost ($38,150) + Beginning WIP Cost ($9,890) = $48,040Cost accounted for: Ending WIP Direct Materials Cost ($7,280) + Ending WIP Conversion Costs ($3,440) + Transferred Out Cost ($38,150) = $45,430 for direct materials and $41,590 for conversion costsExplanation of the weighted-average method:
The weighted-average method combines costs and equivalent units for the current and previous periods to determine the total equivalent units produced and the cost per equivalent unit. The equivalent units for direct materials and conversion costs are calculated separately.
The total cost of beginning work-in-process is added to the total cost incurred during the period to give the total cost of work-in-process.
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Any christian guys wanna be friends?
Answer:
Explanation:
Im not a guy im a girl but can we still be friends
the foreign corrupt practices act outlawed question 13 options: accounting fraud. price collusion. corruption in government. bribery of officials in other countries. executive misconduct.
The foreign corrupt practices act outlawed d. bribery of officials in other countries.
What is corrupt practices act?
The United States passed the Federal Corrupt Practices Act, often known as the Publicity Act, in 1910 and revised it in 1911 and 1925. Up until the Federal Election Campaign Act was passed in 1971, it remained the basic legislation of the country governing campaign funding in federal elections. On June 25, 1910, President William Howard Taft signed the Act.
For House general elections, the Act set expenditure caps for political parties. By mandating political party national committees to provide post-election reports on their contributions to particular candidates and their own expenditures, it was the first federal law to call for the public disclosure of spending by political parties but not by candidates.
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Which of these terms means "paying to communicate with potential clients about your company"? A. Customer support. B. Marketing. C. Advertising. D. Community outreach.
Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.
Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.
Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.
Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.
A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.
Hence, option B is the right choice.
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with regard to the goal of neutrality in financial reporting, accounting standards related to research costs and litigation losses should be viewed as:
With regard to the goal of neutrality in financial reporting, accounting standards related to research costs and litigation losses should be viewed as measures to objective reporting.
Neutrality in financial reporting aims to present financial information in a manner that is free from bias and does not favor any particular interest. Accounting standards related to research costs and litigation losses provide guidance on how these specific items should be recognized, measured, and disclosed in financial statements.
By following these standards, companies can present the financial reporting of research costs and litigation losses in a neutral and transparent manner, providing users of financial statements with accurate and reliable information to make informed decisions.
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Drag the tiles to the correct boxes to complete the pairs. Match the different types of communications with their descriptions. Tiles business letter business report note memorandum Pairs a formal way to communicate with people outside your organization arrowBoth an informal handwritten message arrowBoth a formal way to communicate with people inside your office arrowBoth a way to communicate financial information arrowBoth
Answer:
Matching the different types of communications with their descriptions:
Types of Communication Descriptions
business letter : a formal way to communicate with people
outside your organization
business report : a way to communicate financial information
note : an informal handwritten message
memorandum : a formal way to communicate with people
inside your office
Explanation:
a) Data:
Types of Communication:
business letter
business report
note
memorandum
Pairs
a formal way to communicate with people outside your organization
an informal handwritten message
a formal way to communicate with people inside your office
a way to communicate financial information
b) In Business, choosing the means of clear communication is very essential. The format used to communicate internally is not the same format for communicating externally. Even, within an organization, there are still different communication formats. A handwritten note can be used instead of memorandum for some communications depending on the formality required. Presenting a business report is more formalized than a handwritten note, for instance.
Answer:
Business Letter: a formal way to communicate with people outside your organization
Note: an informal handwritten message
Memorandum: an informal way to communicate with people outside your office
Business report: a way to communicate financial information
whos in high school ? on here
Answer:
meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Explanation:
financial plans include setting goal dates, which are:
Financial plans include setting goal dates to establish target deadlines for achieving specific financial objectives, such as retirement, education funding, debt repayment, homeownership, emergency fund savings, and investment milestones.
Financial plans typically involve setting goal dates to provide a timeline for achieving specific financial objectives. These goal dates serve as target deadlines or milestones for reaching financial targets. Some common examples of goal dates in financial planning include:
1. Retirement: Setting a goal date for retirement helps determine the amount of savings and investments needed to achieve a desired retirement lifestyle.
2. Education Funding: Establishing goal dates for funding a child's education allows for effective planning and saving to cover tuition fees and related expenses.
3. Debt Repayment: Setting goal dates for paying off debts, such as credit card debt or student loans, helps create a structured repayment plan and motivates individuals to achieve debt freedom.
4. Homeownership: Establishing a goal date for purchasing a home allows for saving towards a down payment and ensuring affordability within a specified timeframe.
5. Emergency Fund: Setting a goal date for building an emergency fund helps individuals create a safety net of savings to cover unexpected expenses or financial hardships.
6. Investment Milestones: Goal dates can be set for achieving specific investment milestones, such as reaching a certain portfolio value or saving a target amount for a particular financial goal.
It's important to note that goal dates should be realistic, taking into consideration factors such as income, expenses, and investment returns, while also accounting for individual circumstances and risk tolerance.
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Starbucks created the Starbucks College Achievement Plan that offers eligible
employees full tuition to earn a Bachelor's degree in partnership with Arizona State
University. This action represents the
dimension of social responsibility.
The aforementioned action represents the philanthropic activities dimension of social responsibility.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as a business organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people living in the environment where it operates, and usually as it conduct its business operations.
Basically, corporate social responsibility (CSR) is typically focused on improving the society through any positive and beneficial means possible.
Corporate social responsibility requirements stages.Generally speaking, there are four different corporate social responsibility requirements stages and these include the following:
Financial and economic viability.Compliance with legal and regulatory requirements.Ethics, principles, and values.Philanthropic activities such as offering eligible employees full tuition, in order to enable them a Bachelor's degree.In this context, we can reasonably infer and logically deduce that the aforementioned action represents the philanthropic activities dimension of social responsibility.
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3. What does SHENNS stand for?
S
H
E
N
N
S
Answer:
Shoe
Hologram
Excited
No
Never
Sister
Explanation:
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
describe a business that has used backcasting or scenarios to assess a situation and then developed a strategy to achieve their goals?
Backcasting is a form of company planning wherein the steps are characterized to achieve a particular future events instead of just carrying forward current methods into in the future.
For instance, a government organization might examine statistics on the increase in traffic on the roads. Using that population increase, the decision-makers may conclude that somehow a high socioeconomic status of 50% over the following 10 years is likely.
Backcasting, on the other hand, starts by establishing a desired future (such as a vision) and afterwards takes a look home safely to determine the elements necessary in order to achieve it. It might allow participants to make more creative, fresh suggestions, fostering conversation about the kind of long term we want to build.
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1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
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the desire to work fewer hours is one of the main drives for those who choose to become entrepreneurs. True/False
The given statement that "the desire to work fewer hours is one of the main drives for those who choose to become entrepreneurs" is FALSE.Why is it false?
Starting and running a successful business requires a lot of hard work and dedication. It is not the case that people who want to become entrepreneurs simply want to work fewer hours.The fact is that, while entrepreneurs may have more control over their schedules, they often work more hours than they would if they were employed by someone else.Entrepreneurs do so because they're passionate about what they do and want to succeed in their ventures.
They are frequently motivated by the prospect of financial rewards as well as the chance to create something new and make a difference in the world.Thus, the main answer to this question is that the statement given is FALSE.The explanation to this answer is that starting and running a successful business requires a lot of hard work and dedication. Entrepreneurs are motivated by passion, financial rewards, and the desire to create something new.
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What does it mean to say that people are risk averse for gains and risk seeking for losses?
In general, people tend to be risk averse when it comes to gains, meaning they prefer a guaranteed reward rather than taking a chance on a larger but uncertain reward.
On the other hand, people tend to be risk-seeking when it comes to losses, meaning they are more willing to take risks to avoid a potential loss.
This phenomenon, known as the "loss aversion" effect, is a cognitive bias that stems from the asymmetrical way people experience gains and losses. Losing something is typically felt more intensely than gaining something, leading people to take greater risks to avoid losses.
For example, a person may choose a guaranteed $50 over a 50/50 chance of winning $100 or winning nothing when it comes to gains. But when it comes to losses, that same person may be willing to take a greater risk to avoid losing $50, even if the potential outcome is uncertain.
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What is the interest owed on a loan of $100 at 10% for 3 months?
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
What are 3 things banks do?
A financial organisation with authorization to grant loans and take deposits for checking and savings accounts is known as a bank.
A corporation involved in the business of handling financial and monetary activities, such as deposits, loans, investments, and currency exchange, is referred to as a financial organisation. Banks, trust companies, insurance companies, brokerage firms, and investment dealers are just a few examples of the diverse business operations that make up the financial institutions industry. In a mature economy, almost everyone has regular or irregular needs for the assistance of financial institutions. For both individual and business clients, financial institutions provide a vast array of goods and services. The precise services provided by various categories of financial organisations vary greatly. Financial institutions are crucial because they offer a market for money and assets, allowing for the effective allocation of capital to its most advantageous uses.
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What is meant by circulator?
5. The role of government in a market system
a. does not exist
b. is restricted to establishing property rights
C. includes improving situations that would otherwise result in a market failure
d. includes improving on situations that would otherwise result in a government failure
41) which metric is based on the relationship between the revenue produced by a specific customer, the expenses incurred in acquiring and servicing that customer, and the expected life of the relationship between the customer and the company? a) churn rate b) customer lifetime value c) cost per lead d) cost per sale e) customer average value
B. Customer lifetime value (CLTV) is the metric based on the relationship between the customer and the company.
Customer lifetime value (CLV) is a commercial indicator that assesses the average customer's potential earnings over the term of the relationship. Calculations of client lifetime value can be complicated by variations in items, prices, purchase frequency, and volume.
Because it is directly connected to income instead of an essentially intangible promise of loyalty and contentment, CLV differs from the Net Promoter Score (NPS), which evaluates customer loyalty, and CSAT, which measures customer pleasure.
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A business receives $5 000 for Rent
Revenue and deposits this amount into its
Bank account. How will this transaction
be recorded?
Answer: Dr Bank $5 000; Cr Rent Revenue $ 5 000
Explanation:
From the information given in the question, we are informed that a business receives $5 000 for Rent
Revenue and deposits this amount into its bank account, this transaction will be recorded thus:
Debit Bank $5000
Credit Rent Revenue $5000
The correct journal entry is written above with regards to the transaction.
True or false: the operations manager is involved primarily with supply network design.
The activities director is very familiar with a few sorts of plan: procedure, design, job design, supply network design, and organizational design.
In supply chain management, what role does the operations manager play?Supply Chain Management The operations manager is in charge of managing the process of the supply chain by controlling inventory management, the production process, sales, distribution, and locating suppliers who can supply the necessary goods at fair prices.
In terms of operations management, what is network design?The process of building and modeling a supply chain to better understand the costs and time involved in bringing goods to market with the resources and locations available is known as supply chain network design.
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