Answers
A pricing strategy in which a business offers its products at a relatively low price in order to increase demand and expand its market share.
What are the four ways to compete?An illustration of each of the four types of competitive strategy is provided below:
Strategy for cost leadershipSeparation authority technique.Focus on costs strategy...Separation center methodology.What are the three competing tactics?Organizations have three basic strategic options for gaining a competitive advantage, according to Porter's Generic Strategies model. They are: Focus, differentiation, and cost leadership.
What is an illustration of a focused strategy with low costs?In the wide minimal expense system, the firm is centered around giving an expense based advantage over an expansive market bunch. Wal-Mart would be an illustration. In this instance, Wal-Mart has a low-cost model that competitors struggle to match. Because they appeal to a large number of customers, they are, in a sense.
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Related Questions
Discuss the relationship between competition and consumer expectations.
Answers
Answer:
The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.
Explanation:
Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
Answers
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
What are the advantages of first recording transactions in the journal and then posting to the ledger?
Answers
The advantages of first recording transactions in the journal and then posting to the ledger are:
it discloses in one place the complete effects of a transactionit provides a chronological record of transactions.What is journal in accounting?A journal is a physical record or digital document kept as a book, spreadsheet, or data within accounting software for accounting purposes. When a business transaction occurs, the financial transaction is recorded as a journal entry by a bookkeeper. If the expense or income has an impact on one or more business accounts, the journal entry will include that information as well.
Journaling is an important component of objective record-keeping because it allows for concise reviews and records-transfer later in the accounting process. Journals, along with the general ledger, are frequently reviewed as part of a trade or audit process. Sales, expenses, cash movements, inventory, and debt are common items recorded in a journal.
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Native advertising can include all of the following except:
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Native advertising can include all οf the fοllοwing except: Independent jοurnalists
What is Native Advertising?Native advertising is a type οf οnline advertising that is made tο fit the lοοk and functiοn οf the platfοrm it is displayed οn, like a website, sοcial media platfοrm, οr mοbile app. Native ads, οn the οther hand, are frequently incοrpοrated seamlessly intο the platfοrm's cοntent, making them less disruptive and mοre engaging fοr users. This is in cοntrast tο traditiοnal banner ads οr display ads, which are easy tο identify as advertisements.
Spοnsοred cοntent, branded cοntent, and sοcial media pοsts that are marked "spοnsοred" οr "prοmοted" are all examples οf native advertising. Instead οf simply prοmοting a prοduct οr service, these advertisements typically aim tο add value tο the user by prοviding useful infοrmatiοn οr entertainment.
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Native advertising can include all of the following except:
Independent journalistsPromoted posts.News articles.Recommendation widgets.Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Answers
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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cool hall inc. manufacutirng overhead for the year was estimated to be $702,540. if the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours if the predetermined overhead rate is based on direct labor-hours, than the estimated direct labor hours of the beginning of the year used tin the predetermined overhead rate must have been
Answers
Answer:
31,504 direct labor hour
Explanation:
The computation is shown below:
Manufacturing overhead applied is
= Actual Manufacturing overhead + Over-applied overhead
= $697,450 + $40,680
= $738,130
Now
Manufacturing overhead applied is
= Predetermined overhead rate × Actual direct labor hour
$738,130 = Predetermined overhead rate × 33,100 direct labor hour
Predetermined overhead rate is
= $738,130 ÷ 33,100 direct labor hour
= $22.30 direct labor hour
Now
Estimated direct labor hour = Estimated Manufacturing overhead ÷ Predetermined overhead rate
= $702,540 ÷ $22.30 direct labor hour
= 31,504 direct labor hour
Which of the following is not an example of a project delivery artifact?
Answers
The weather is not an example of a project delivery artifact.
What is an artifact?An artifact is a human-made οbject that has cultural οr histοrical significance. The weather, οn the οther hand, is a natural phenοmenοn that is nοt created by humans. It includes elements such as temperature, precipitatiοn, wind, and atmοspheric pressure that οccur as a result οf natural prοcesses such as the water cycle, atmοspheric circulatiοn, and sοlar radiatiοn.
While the weather can have an impact οn human-made artifacts, such as causing erοsiοn οr damage, it is nοt itself an artifact. Examples οf artifacts include decοratiοns, dresses, and jewelry, which are all οbjects that are created by humans fοr cultural οr aesthetic purpοses.
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Complete question:
Which of the following is not an example of a project delivery artifact?
decorationthe weatherdressjewelrySandra’s Purse Boutique has the following transactions related to its top-selling Gucci purse for the month of October. Sandra's Purse Boutique uses a periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 Beginning inventory 6 $ 790 $ 4,740
October 4 Sale 4
October 10 Purchase 5 800 4,000
October 13 Sale 3
October 20 Purchase 4 810 3,240
October 28 Sale 7
October 30 Purchase 8 820 6,560
$ 18,540
3. Using LIFO, calculate ending inventory and cost of goods sold at October 31
Answers
The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.
The LIFO method (last-in, first-out) of inventory valuation requires that the most recent purchases of inventory be used first in the cost of products sold and ending inventory calculations. The ending inventory and cost of products sold at the end of October will be calculated using the LIFO method, based on the data given in the table.Based on the data given, the total units sold is 14, and the total units purchased is 17. Here's how to calculate the ending inventory and cost of products sold using the LIFO method:Step 1: The last purchase of 8 units at a cost of $820 each on October 30 is deducted from the inventory count, leaving 9 units.Step 2: The previous purchase of 4 units at a cost of $810 each on October 20 is deducted from the inventory count, leaving 5 units.Step 3: The next purchase of 5 units at a cost of $800 each on October 10 is deducted from the inventory count, leaving 0 units.Step 4: Based on the LIFO method, the cost of the ending inventory is the sum of the cost of the oldest units remaining in stock, which is 4 units at a cost of $790 each on October 1, totaling $3,160.Step 5: Based on the LIFO method, the cost of goods sold (COGS) is calculated by adding the total cost of units sold, which is 14 units at a cost of $820 each on October 30, 4 units at a cost of $810 each on October 20, and 5 units at a cost of $800 each on October 10, totaling $17,260.Therefore, the cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.For more questions on cost of goods sold (COGS)
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At the 3 compartment sink the temperature of sanitizer water should be
Answers
Answer:
75F-120F (24C-49C)
Explanation:
This range is recommended to ensure effective sanitation.
market research utilizes data to determine how many different readers there have been of a single issue of a magazine. is the term for this. pass-along readership derived leadership guaranteed circulation primary circulation national rate
Answers
Part of the issue is that test markets aren't identified and new goods aren't developed and tested in a systematic enough manner to inform marketing personnel.
One of the drawbacks of using magazines as a form of advertising is which of the following?Expensive: Magazine advertising might be more costly than newspaper advertising. Rivalry: Due to the similar readership of several magazines, there is more competition for readers' attention and ad space.
A pass-along readership is what?reader to pass along. MARKETING. a person who reads a copy of a newspaper or magazine that has already been purchased but who did not purchase it themselves: Most of our readers are pass-along readers who didn't actually purchase the magazine themselves.
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you will research one publicly traded company. When you post your initial posting, open a new thread with the name of your company as the title: "Company Name"
You are to locate and provide the following information in your opening post:
1) Company name
2) Industry that the company operates in and primary products (2 or 3)
3) Primary competitors (list 2 or 3)
What key financial and business information did you find that stood out to you?
4) Provide a gauge on your comprehension of the financial statements you see in Week 5 versus how you might have viewed them prior to this course. What’s the one most significant aspect found in one of the statements that stands out?
5) Also, tell us what you discovered in this search. It could be related to your company and/or its competitors as well as the process of locating this information.
Answers
Company Name: Nestlé
2. Industry and Primary Products: Nestlé operates in the food and beverage industry and offers a diverse range of products such as Baby food and infant nutrition, Bottled water and beverages, etc.
3. Nestlé faces a lot of competition and its primary competitors are:
The Coca-Cola Company Mondelez International4. Earlier to this course, my comprehension of money related ideas was constrained. But, after considering the work in Week 5, I presently have understanding better; a much better; a higher; a stronger in terms of monetary explanations.
One significant aspect that stands out in Nestlé's financial statements is its high profitability.
5. Discoveries in the Search:
Nestlé includes a worldwide presence and works in a assorted run of item categories, permitting it to cater to various customer inclinations.The company has been proactive in adjusting to changing customer requests, centering on more beneficial item offerings.What is the Company?Nestlé is a consumer goods corporation that specializes in food and drink products and operates internationally. Nestlé, which is based in Vevey, Switzerland, boasts an extensive range of products spanning multiple categories.
Some of its primary product categories include:
One of its product lines is beverages, which encompasses bottled water, coffee, tea, and a diverse variety of soft drinks.
Nestlé has gained a reputation for offering a vast selection of dairy items, encompassing milk, yogurts, cheese, and ice cream.
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he nature of B2B markets requires ________. Group of answer choices companies to focus primarily on selling products that end up as components for finished goods a more personal relationship between the buyer and seller than in B2C markets investment of more resources primarily on service sectors impersonal communication at regular intervals through mediums such as direct mail organizations to invest more on consumers than suppliers to maintain their bus
Answers
Answer:
a more personal relationship between the buyer and seller than in B2C markets
Explanation:
B2B (business-to-business) is a marketing strategy that deals with meeting the needs of other businesses, by selling products or services to the organizations for resale to other consumers, used in production of goods or for the operation of an organisation.
B2B (business-to-business) model focuses on facilitating sales transactions between businesses.
Under the B2B, the producer sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.
On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.
The nature of B2B markets requires a more personal relationship between the buyer and seller than in B2C markets.
Bombas makes socks and T-shirts which it sells to consumers online. It uses the _______ channel.
Answers
Bombas makes socks and T-shirts which it sells to consumers online. It uses the Direct-to-consumer channel.
Direct-to-consumer (DTC) is a sales channel that allows brands to sell their products directly to consumers without the need for intermediaries like wholesalers or retailers. Bombas, a company that makes socks and T-shirts, uses the DTC channel to sell its products online. By doing so, Bombas can offer its products at a lower price point and have more control over the customer experience.
DTC also allows companies to gather valuable customer data and feedback, which can be used to improve products and marketing strategies. Overall, DTC has become a popular channel for many brands, especially those in the e-commerce space, looking to build strong relationships with their customers and increase profitability.
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Question 10 of 10
Adjusting entries are recorded __ of an accounting period
A. in the beginning
B. on the third day
C. in the first week
D. at the end
of an accounting period.
SUBMIT
Answers
Adjusting entries are recorded at the end of an accounting period.
Adjusting entries are made on top of an accounting duration to properly account for earnings and fees no longer yet recorded to your well-known ledger and have to be completed previous to remaining the accounting period. Adjustment intervals are additional periods that might be related to everyday durations from the source. An adjustment period refers to any accounting length installation to modify balances previous to the final length of the twelve months.
Adjusting entries are made on the giving up of the accounting duration to record all sales and expenses that have now not been recorded but belong within the modern-day period. They update the stability sheet and profits statement bills at the end of the accounting length. Adjusting magazine access is usually made at the end of an accounting duration to understand earnings or fees within the length that its miles incurred. it's far a result of accrual accounting and follows the matching and sales reputation concepts.
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FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
Answers
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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The financial records of LeRoi Jones Inc. were destroyed by fire at the end of 2014. Fortunately, the controller had kept certain statistical data related to the income statement as follows.
1. The beginning merchandise inventory was $92,000 and decreased 20% during the current year.
2. Sales discounts amount to $17,000.
3. 20,000 shares of common stock were outstanding for the entire year.
4. Interest expense was $20,000.
5. The income tax rate is 30%.
6. Cost of goods sold amounts to $500,000.
7. Administrative expenses are 20% of cost of goods sold but only 8% of gross sales.
8. Four-fifths of the operating expenses relate to sales activities.
From the foregoing information prepare an income statement for the year 2014 in single-step form. (Round earnings per share to 2 decimal places, e.g. 1.48 and all other answers to 0 decimal places, e.g. 2,520.)
Answers
Answer:
LeRoi Jones Inc
Income statement for the year 2014
Sales (100/8 × $100,000) $1,250,000
Less Cost of Sales
Beginning merchandise $92,000
Add Purchases $481,600
Less Ending merchandise ($92,000 - 20%) ($73,600) ($500,000)
Gross Profit $750,000
Less Expenses :
Sales Discounts $17,000
Interest expense $20,000
Administrative expenses ($500,000 × 20%) $100,000 ($137,000)
Profit before tax $613,000
Income tax expense at 30% ($183,900)
Net Income / Loss $429,100
Earnings Per Share $21.46
Explanation:
Notes on income statement preparation
Use the statistical data to fill in the line items of the Income Statement as shown above.
For the Calculation of Sales, first calculate the administrative expenses. Apply the 8% on the administration cost to find sales at 100%.
Earnings Per Share = Earnings attributable to holders of Common Stock ÷ Weighted Average Number of Common Stock
= $429,100 ÷ $20,000
= $21.46
Part B Based on what you have learned in this lesson, do you think that Supreme Court decisions can impact civil liberties and civil rights? You may use additional resources of your choosing to help form your answer.
Answers
Decisions made by the Supreme Court affect society as a whole, not just lawyers and justices. High school pupils are significantly impacted by the court's rulings.
What makes the Supreme Court's ruling significant?The Supreme Court serves as the last arbitrator of law, protecting and interpreting the Constitution while also guaranteeing the American people that they will be treated fairly by the law.
Charles Evans Hughes, chief justice of the Supreme Court, asserts that the Court is "distinctly American in concept and operation."
The rulings of the Supreme Court thereby affect society as a whole, not just lawyers and justices.
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How many pieces of candy?
Answers
Based on the given information, The number of candies Bev has left is 12.
In the question it is given:
No. of candy Bev has= 24
She gave 1 /3 of the candy to Jamie.
No. of candy Jamie received = 1 /3 of the total candy
= 1 /3 of 24
=1 / 3 × 24=8 candy
No. of candy she holds = total no. of candy - no of candy she gave to Jamie
=24 - 8
=16
No. of candy Selena got = 1 /4 of the remaining candy
= 1 /4 of 16
= 1 /4 ×16
= 4
Total No. of candy left = total candy - (candy Jamie got +candy Selena got)
= 24 - ( 8 + 4)
= 24 - 12
= 12
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The complete question is probably
Bev had 24 pieces of candy. She gave Jamie 1/3.
From the candy pieces remaining she then gave Selena
¼. How many pieces of candy does she have left?
Consider the exchange market for the Australian dollar with the U.S. dollar. Determine whether each of the following events will lead to a change in supply or demand for the Australian dollar and whether the Australian dollar will appreciate or depreciate. a. Suppose U.S. consumers experience an increase in income. O Supply of the Australian dollar will decrease. Demand for the Australian dollar will decrease. O Supply of the Australian dollar will increase. O Demand for the Australian dollar will increase. As a result, the Australian dollar will (Click to select) b. There is an increased preference among Australian consumers for U.S produced cars. Demand for the Australian dollar will decrease. O Demand for the Australian dollar will increase. Supply of the Australian dollar will decrease. Supply of the Australian dollar will increase. TH ch As a result, the Australian dollar will (Click to select) c. Consumers and firms in the United States expect the exchange rate to fall next month. O Supply of the Australian dollar will increase. O Demand for the Australian dollar will increase. O Demand for the Australian dollar will decrease. O Supply of the Australian dollar will decrease. As a result, the Australian dollar will (Click to select)
Answers
The entire question mentions the Exchange market for the Australian dollar and the US dollar.
1) When U.S. consumers experience an increase in income, demand for the Australian dollar will increase. As a result, the Australian dollar will appreciate a rise in the income of Us consumers. It mentions that the demand for imports from Australia will increase at a higher rate.
2)When there is an increased preference among Australian consumers for U.S produced cars. Demand for the Australian dollar will decrease as only US dollars will get you US produced cars.
3)Consumers and firms in the United States expect the exchange rate to fall next month, if this happens, the demand for US dollars will increase as things will become cheaper which eventually causes the demand for the Australian dollar to decrease.
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eva always wanted to be a veterinarian
Answers
Good for Eva then. lol
At the beginning of the month, the Forming Department of Martin Manufacturing had 29,000 units in inventory, 40% complete as to materials, and 15% complete as to conversion. During the month the department started 98,000 units and transferred 100,000 units to the next manufacturing department. At the end of the month, the department had 27,000 units in inventory, 90% complete as to materials and 60% complete as to conversion. How many units did the Forming Department start and complete in the current month
Answers
Answer:
71,000 units.
Explanation:
Units started and completed = Units Completed - Units in Opening Inventory
therefore
Units started and completed = 100,000 units - 29,000 units = 71,000 units
thus,
Units started and completed in the current month for the Forming Department is 71,000 units.
A POS merchant system is __
Answers
Answer:
POS means point of sale
Explanation:
The point of sale or point of purchase is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer, and indicates the options for the customer to make payment.
do Businesses operate separately from society as a whole.
Answers
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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Please help me in this assignment. Assume a project, other than your assignment, such as real estate, infrastructure development, industrial, or software development etc. and discuss that how guiding principle of PMI Standards for project risk management life cycle shall be undertaken at the organizational level of that particularly identified project (what the organization needs to do).
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Answer:
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Explanation
Many different professions contribute to the theory and practice of project management. Engineers and architects have been managing major projects since pre-history. Since approximately the 1960s, there have been efforts to professionalize the practice of project management as a specialization of its own. There are many active debates around this: Should project management be a profession in the same way as engineering, accounting, and medicine? These have professional associations that certify who is legally allowed to use the job title, and who can legally practice the profession. They also provide a level of assurance of quality and discipline members who behave inappropriately.
Solve the newsvendor problem. Probability 0.24 0.08 0.21 0.16 0.08 0.23 Value 1 2 3 4 5 6 Purchase cost c = 12 Selling price p = 28 Salvage value v = 4 What is the optimal order quantity? Optimal order quantity
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The optimal order quantity is 3.67, which should be rounded up to 4.
To solve the newsvendor problem, we need to find the optimal order quantity that maximizes the expected profit.
The expected profit can be calculated as follows
Expected Profit = (Revenue - Cost) × Probability
Revenue = min(Demand, Order Quantity) × Selling Price
Cost = Order Quantity × Purchase Cost - max(0, Order Quantity - Demand) × Salvage Value
where Demand is a random variable with the given probabilities and values.
To find the optimal order quantity, we need to find the value of Q that maximizes the expected profit. We can use calculus to find the maximum point of the profit function.
The profit function is given by
Profit = (min(Q, D) × p - Q × c - max(0, Q - D) × v) × P(D)
where P(D) is the probability of demand being equal to D.
Taking the derivative of the profit function with respect to Q, we get
dProfit/dQ = (p - c) × P(min(Q, D) = Q) - v × P(max(Q, D) = Q)
Setting the derivative to zero, we get
(p - c) × P(min(Q, D) = Q) - v × P(max(Q, D) = Q) = 0
Solving for Q, we get
Q* = min(D, Q*) + v / (p - c) × (P(max(Q*, D) = Q*) - P(min(Q*, D) = Q*))
Using the given values, we can calculate the optimal order quantity as follows
Q* = 3 + 4 / (28 - 12) × (0.16 - 0.24) = 3.67
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Does an organization/job exist if there are no people present?
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Answer:
yes an organization/ job will always exist even if no one wanted the job or no one presented because its part of a buissness requirement
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"Group decision making is better". Do you agree or disagree with the statement? Give 3 reasons why do you say so?
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Answer:
I agree because it make the group bring out more ideals
sometimes group decision make some people to voice out their problems
group decision help organization and firms to operate in good aims
A marketing plan includes this marketing objective: "Create positive feelings
about our brand." What is the main problem with this objective?
A. It doesn't name the target market.
B. It does not meet legal requirements.
C. It is not specific and measurable.
D. It is not something the marketer can achieve.
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The objective of creating positive feelings about the brand is too broad and vague. It doesn't specify how the marketing team will measure success or what specific actions they will take to achieve the objective. Without clear, measurable goals, it will be difficult to determine whether the marketing plan has been successful or not. A more effective marketing objective would be specific and measurable, such as "Increase brand awareness among millennials by 25% in the next six months."
write and define the following the classification of receivable
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Accounts receivable can be classified in different ways, depending on various criteria. Some common ways to classify accounts receivable include .
Define the following the classification of receivable ?Trade and non-trade receivables: Trade receivables are amounts owed to a company by its customers for the sale of goods or services. Non-trade receivables are amounts owed to a company by other parties, such as employees, tax authorities, or insurance companies.
Current and non-current receivables: Current receivables are amounts that are expected to be collected within one year, while non-current receivables are amounts that are expected to be collected beyond one year.
Secured and unsecured receivables: Secured receivables are backed by collateral, such as property or inventory, while unsecured receivables are not.
Factored and non-factored receivables: Factored receivables are those that a company sells to a third party, known as a factor, in exchange for cash. Non-factored receivables are those that a company keeps on its balance sheet and collects directly from its customers.
Gross and net receivables: Gross receivables are the total amounts owed to a company by its customers, while net receivables are the amounts owed to a company after deducting allowances for bad debts or other adjustments.
Past due receivables: These are accounts receivable that are not paid within the payment terms agreed with the customer. Generally, receivables that remain unpaid for a specified number of days are considered past due.
Overall, classifying accounts receivable can help a company better understand its outstanding balances and identify areas where it may need to improve its collection efforts.
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