Crown Co. is watching to obtain 100,000 British kilos in 12 months. Crown expects the spot rate of the British pound to be $1.49 in a yr, so it decides to avoid alternate charge danger with the aid of hedging its receivables. The spot rate of the pound is quoted at $1.fifty one. The strike fee for placed and call options are $1.54 and $1.53 respectively. The premium on each alternative is $.03.
The one-yr forward rate reveals a 2.65% premium. expect there aren't any transaction prices. what is the first-rate feasible hedging approach and what number of U.S. bucks Crown Co. will get hold of below this approach.
sweet corn:-candy corn Zea mays convar. saccharata var. rugs,[1additionally known as sugar corn and pole corn, is a variety of maize grown for human intake with excessive sugar content. sweet corn is the end result of an obviously going on recessive mutation inside the genes which control the conversion of sugar to starch within the endosperm of the corn kernel. candy corn is picked while still within the immature(milk degree and prepared and eaten as a vegetable, as opposed to subject corn, which is harvested while the kernels are dry and mature (dent stage). Because the technique of maturation entails changing sugar to starch, sweet corn stores poorly and should be eaten sparkling, canned, or frozen, earlier than the kernels end up hard and starchy
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2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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US REFERENCE: SO 9
5. Given an organisation in a different province or country, describe the way in which performance
would be adapted.
Answer:
Adapting performance in an organization in a different province or country would require an understanding of the local culture, customs, laws, and regulations. The organization would need to take into account the linguistic and communication barriers that may exist, and may need to provide additional training. Performance metrics would also need to be reviewed and adjusted to reflect the unique challenges and opportunities of the specific geographic location. Additionally, the organization would need to build relationships with local stakeholders, such as customers, suppliers, and government officials, to ensure and maintain its success in the new market. A comprehensive market analysis and strategy development would need to be undertaken to ensure that the organization is positioning itself for success and anticipating local challenges. Finally, the organization may need to adjust its policies and procedures to align with local laws and regulations and to refreflect on theect the cultural norms of the new market. Overall, it is important for the organization to remain adaptable and flexible to maintain success in a new market.
Explanation:
pension data for david emerson enterprises include the following: ($ in millions) discount rate, 10% projected benefit obligation, january 1 $ 440 projected benefit obligation, december 31 545 accumulated benefit obligation, january 1 380 accumulated benefit obligation, december 31 495 cash contributions to pension fund, december 31 230 benefit payments to retirees, december 31 70 Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.
The cost of benefits earned by workers during the current year is the service cost component of pension costs. To compute it, deduct the change in cumulative benefit obligation from cash contributions.
to the pension fund and benefit payments to retirees. We may compute the change in the accrued benefit obligation for the fiscal year ending December 31 using the data supplied as follows: ABO change = ABO 31st of December - ABO Jan 1 ABO variation = 545 - 380 ABO variation = 165 As a result, the service cost component of pension expenditure for the fiscal year ending December 31 is as follows: Cash Donations - Benefit Payments - ABO Change = Service Cost Cost of Service = 230 - 70 - 165 Service Cost = $ -5 million (a negative figure implies a reduction).
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If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the m1 money multiplier is.
If the required reserve ratio is 10 percent, currency in circulation is $1,200 billion, checkable deposits are $1,600 billion, and excess reserves total $2,500 billion, then the m1 money multiplier is 0.73.
Information disclosed:
Required reserve ratio (rr) equals 10%, or 0.1.
Circulating money (C) equals $1,200 billion
Deposits (D) = $1,600 billion for checks.
Total excess reserves (ER) equals $2,500 billion.
The M1 money multiplier's formula is
M1= (1+C/D)/ (rr+ER/D+C/D)
where rr is the required reserve ratio, C is the amount of currency in circulation, D are deposits, ER are excess reserves, and
Replace the specified values in the formula above.
M1 = (1+1200/1600) / (0.1+2500/1600+1200/1600)
M1 = 0.7253886
M1 ≈ 0.73.
0.73 is the M1 money multiplier.
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des
11. Ashleigh has a pet boa constrictor named
Pauline. She keeps it in the most expensive,
escape-proof cage she can find. Regardless,
the boa escapes and kills the neighbor's famed
show cat which was valued at more than $5,000.
Will Ashleigh be liable?
at
ely
Will Ashleigh be liable
Answer:
yes
Explanation:
it was her boa constrictor so therefore she is held responsible
Assuming that turkey chicken pork and beef are substitues supppose that the price of turkey had fallen. This will, other things being equal
wait where did the turkey fall?
Pd 4(A) Set 2 iz Question 7 (1 point) When investing in individual stocks, you should expect that... O a Stock prices for a company are relatively easy to predict d GRADES Next Page Back Unforeseen company events can have a dramatic impact on the stock price for a company You will have an informational edge by reading an article about a company you want to invest in Stock prices for an individual stock will be more stable over the long-term than prices for a diversified index fund S ✓ Sub Question 7 of 19 |
An investor should carefully consider their risk tolerance and investment goals before deciding whether to invest in individual stocks or index funds.
When investing in individual stocks, you should expect that unforeseen company events can have a dramatic impact on the stock price for a company. This is because the company's stock price reflects not only the company's current financial situation but also investors' expectations for the company's future performance.Unforeseen company events such as changes in leadership, new competitors, or regulatory changes can cause investors to reassess their expectations for the company's future performance, which can lead to fluctuations in the stock price.An investor should not expect that stock prices for a company are relatively easy to predict. This is because stock prices are influenced by a variety of factors, including company financial performance, economic conditions, market trends, investor sentiment, and geopolitical events. While some investors may try to predict stock prices using technical analysis or fundamental analysis, it is important to recognize that these methods have limitations and cannot guarantee accurate predictions.An investor can gain an informational edge by reading an article about a company they want to invest in. Reading articles about a company can provide valuable insights into the company's financial situation, growth prospects, and risks. However, it is important to recognize that reading articles is only one part of the investment process and should be supplemented by other sources of information, such as financial statements, analyst reports, and market data.An investor should not expect that stock prices for an individual stock will be more stable over the long-term than prices for a diversified index fund. In fact, individual stocks are generally more volatile than index funds because they are more susceptible to company-specific risks. By contrast, index funds are diversified across multiple companies and sectors, which can help to reduce overall portfolio risk.
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I. A clinic encourages its customers to have their bond checked with the claim that one out
of four 60-year-old men need to be supplemented with glucosamine. If this is true, what is
the probability of the following events:
a. Two out of the next eight 60 year-old men need to be supplemented with glucosamine
b. Three out of the next 12 60 year-old men need to be supplemented with glucosamine
A clinic encourages its customers to have their bond checked with the claim that one out of four 60-year-old men need to be supplemented with glucosamine. If this is true, then the probability of the following events is Two out of the next eight 60 year old men need to be supplemented with glucosamine.
Glucosamine is a naturally occurring compound in the body. It is required for the formation and repair of cartilage as well as other body tissues.
Because glucosamine production slows in age, some people take glucosamine supplements to help them fight aging-related health issues like osteoarthritis. The majority of supplements are made from the shells of marine life, such as prawns and crabs.
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What is productivity?
A. quantity of input per unit of output
B. quantity of output per unit of input
C. Quality of output per unit of input
D. quality of input per unit of output
What are the advantages of entrepreneurship and free enterprise?
Positive results of business and free enterprise include the generation of income, the reduction of unemployment, and the provision of tax revenue for the government.
In a business, what does enterprise mean?In the business sector, the term "enterprise" is used to indicate a project or effort that is conducted for profit. With the term "business," as in business enterprise, it is frequently used. an unit a economic or activity that is particularly challenging, complicated, or dangerous. particularly a commercial organization.
What purpose do enterprises serve?An enterprise is generally considered to be an business entity. In essence, any business that has a number of locations, levels, departments, or divisions that work together to accomplish corporate goals and objectives is referred to as a "enterprise."
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The following information relates to the only product sold by Mastrolia Manufacturing. Sales price per unit $ 45 Variable cost per unit 27 Fixed costs per year 252,000 a. Compute the contribution margin ratio and the dollar sales volume required to break even. b. Assuming that the company sells 20,000 units during the current year, compute the margin of safety (in dollars).
Answer:
a. 40 % and $630,000
b. $ 270,000
Explanation:
The contribution margin ratio = Contribution ÷ Sales
The dollar sales volume required to break even = Fixed Cost ÷ contribution margin ratio
the margin of safety (in dollars) - company sells 20,000 units = Expected Sales - Break even Sales
8. A home inspection performed by a licensed inspector is
o a. a limited visual survey and basic performance evaluation of systems house.
o b. a Qull visual survey to ensure the house meets building code standards.
oc. a comprehensive investigation of the house using specialized equipment.
o d. an exploratory probe to determine the cause or effect of deficiencies noted.
Answer:
a. a limited visual survey and basic performance evaluation of systems in house.
Explanation:
A home inspection must be carried out by a certified and licensed inspector, but it is not a comprehensive investigation nor an exploratory probe of the house. It is basically a limited visual inspection carried out to determine if the house's systems (air conditioner, plumbing, and electrical) work properly, as well as to determine the condition of the walls, roof, windows, and other components of the house. A home inspection is generally requested when a house i being sold.
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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A client has several suppliers they purchase their materials from, and most of the suppliers require part or all payments to be made at the time of order. You advise your client to set up a Prepayments account that can be reconciled each month. How should this account be set up
Analyzing the above scenario, the customer should set up an asset account called prepayment, which is an item described in the balance sheet as a current asset and liability, as this will be a financial resource available for future use.
A prepayment asset account is therefore configured as an expense previously paid, but which has not yet occurred, being this a facility for companies to pay their suppliers at the time of the order in a previously scheduled manner.
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As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?
Question 4 options:
Every month
Every 6 months
Every 12 months
Every 18 months
Answer:
12 months
Explanation:
The fiscal or financial period of a business lasts for 12 months or one year. It means that at the end of that 12 months, the business prepares its financial statement to determine its profitability. The business assesses its growth, success, and failure for the period.
After evaluating performance, planning for the next period of 12 months begins. The entrepreneur prepares a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and reviewed every year together with the other budget items.
Answer:
Every 12 months is incorrect on the test
Explanation:
so Every 6 months should be the correct answer
Discuss social responsibility and ethics?
Answer:
Social responsibility: It is an ethical theory in which individuals are accountable for fulfilling their civic duty.
Social ethics: It refers to guidelines and principle if that group of people who decided to references to in order to be accepted.
What is a pull quote, and how is it displayed in Microsoft Word?
Answer:b
Explanation:
gg
A financial institution wants to know who is most likely to use their credit card. Which is the best way to segment customers?
As the financial institution wants to know who is most likely to use their credit card, the best way to segment the customers is by amount of debt. The Option B is correct.
What is a customer segment?In marketing, in order to provide the customers with more relevant experiences, the market segmentation divides them into distinct groups based on shared traits, habits, or interests.
The 4 primary categories of market segmentation includes geographic, psychographic, behavioral, and demographic; however, there are many other tactics you can employ, as well as countless variants on the four primary types.
Missing options "A. By number of credit cards B. By amount of debt C. By credit score D. By amount of savings.
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Which advertising medium goes hand-in-hand with newspaper advertising? ads go well with print ads because they remind customers to check for further details in local newspapers.
Answer:
Printed ads go hand in hand with newspaper advertising because they usually consist of impactful graphical representations of the service or product that is being announced, and they tend to take a significant space of the newspaper page where they are printed.
In fact, printed ads have been the most important financing source for newspapers, until very recently when printed newspapers have been going out of circulation due to low readership, and newspapers companies have been relying more on online advertising and user subscriptions.
Answer: Promotional advertising
You work for a municipal government in the HR department. Your supervisor has asked you to prepare a brief informational report on how to register for benefits during the open-enrollment period next month. What would you use to show new employees the process of signing up for health benefits
The best way to show your municipal government employees the benefits of health care is through an informational poster in the office and an email to each.
In most companies, there is a human resources department that is responsible for hiring employees and their well-being.
In this case, it is a benefit in the health service to which employees can enroll independently, but they do not know-how.
The best option to disseminate this information is through an informational poster that specifies the steps to register and locate it in the office because their employees will be able to see it when they go to work.
Likewise, a copy of the poster will be sent to their emails, and they can sign up for this benefit in their free time.
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Classify ABC Inc. transactions as either an operating activity, an investing activity, a financing activity, or a noncash activity.
Cash received from sale of goods.
A Financing Activity
Noncash Activity
MERCYCOLLEGE
KK
2 3
4
B
5
D
1 of 32
Socrative
6
Operating Activity
Investing Activity
7
8
9
> >
The classification are as follows: investing activity , investing activity , financial activity , operating activity, .financial activity, financial activity.
How would you describe financing?The process of raising cash or finances for any type of expenditure is known as finance. It includes directing various economic resources—such as credit, loans, and investment capital—to those parts of the economy that can use them more effectively.
What kinds of finance are there?There are two main types of external finance: equity financing, which really is funding given in return for a portion of ownership and possible future earnings, and bank debt, which really is cash that must be repaid, typically with interest.
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Carl is considering attending a concert with a ticket price of $35. He estimates that the cost of driving to the concert and parking there will total an additional $20. In order to attend the concert, Carl will have to take time off from his part-time job or forgo studying for an exam scheduled for the next morning. He estimates that he will lose 5 hours of work, at a wage of $6 per hour or 5 hours of study time. If Carl considers studying the best alternative use of his time, his opportunity cost of attending the concert equals
Assuming Carl considers studying the best alternative use of his time, his opportunity cost of attending the concert equals will be $85
First step
Loss of money income= 5 hours × $6 per hour
Loss of money income= $30
Second step.
Expenses for attending the concert= $35 + $20
Expenses for attending the concert= $55
Now let determine the opportunity cost of attending the concert
Opportunity cost=$30+$55
Opportunity cost = $85
Inconclusion Assuming Carl considers studying the best alternative use of his time, his opportunity cost of attending the concert equals will be $85
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This chapter is all about trade--imports and exports and the balance of payments.
Which of the following influences what you choose to wear
Your activities
All of the Above
Basic needs
Your personal preferences
Answer:
all of the above dnnxndncnvhhdbdbdbd
which of the following is the most difficult ethical challenge to managers in today's business climate?A) increasing the amount that employees pay for health careB)not being able to hire new employeesC)not receiving training in the transition to management D)having to fire employees who are not productive
Option C is correct. The most difficult ethical challenge to managers in today's business climate is not receiving training in the transition to management.
There are two unchanging truths: managing people is never simple and life is about change. Managers now face additional difficulties, which exacerbates the situation. Due to the pandemic, the corporate environment is changing quickly and new challenges are emerging. In this post, we'll examine the top management difficulties and potential solutions.
The Top 15 Challenges Managers are now Facing Uncertainty about the Future:
the health of the workforce
Monitoring Team Performance
Forming Corporate Culture
Finding and Onboarding the Best Workers
promoting inclusion and diversity in the workplace
Managing Interteam Communication
Guidelines & Compliance
Information & Digitalization
Watch Your Skills Gap
High Employee Turnover
forming inventive teams
Dismantling Silos to Reduce Knowledge Loss and Brain Drain
The Holy Grail is found through engagement.
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16660 kronas how much is this in us dollars
Answer: 1,900.05 United States Dollar
Explanation:
disscuss few areas for aplication of quantitative
It is correct to state that some areas for the application of quantitative techniques include finance, economics, marketing, operations research, and data analysis.
What are Quantitative techniques?Quantitative approaches are those that offer decision-makers a systematic and powerful means of analysis based on quantitative data. It is a scientific approach used by management to solve problems and make decisions.
The process of gathering and interpreting numerical data is known as quantitative research. It may be used to discover patterns and averages, make predictions, verify causal linkages, and generalize results to larger groups.
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Laura, an inventory manager, always maintains a certain quantity of goods as a buffer to utilize in times of emergency. Which technique of controlling inventory costs does Laura use?
A.
ABC classification
B.
just in time
C.
maintaining safety stock
D.
following economic order quantity
Answer:
C. maintaining safety stock
Explanation:
Safety stock refers to the minimum stock level that businesses would wish to maintain at all times. The safety stock level assures a business does not experience stock out. Every time stock approaches the safety stock level, an order should be placed to replenish inventory. Businesses that apply the concept of safety stock do not allow the inventory to go below the level marked at safety stock.
The safety stock method requires inventory to be ordered when it approaches safety stock. Allowing inventory to drop below the safety stock is risking running out of stock leads to halting production.
Answer:
C. maintaining safety stock
Explanation:
I just took the test on Edmentum/Plato and got the answer right
Ngwenya (Pty) Ltd incurred the following legal expense during the 2022 year of assessment ended 28 February 2022: i) R7 000 legal costs for debt collection. ii) R22 000 legal costs relating to the drawing up of an agreement to purchase a piece of land. iii) R48 000 relating to a dispute with a client of Ngwenya (Pty) Ltd who sued the company for supplying incorrect goods. Ngwenya (Pty) Ltd's lawyers were successful in defending the company on this matter. Determine the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees. a. R7 000 b. R55 000 c. R77 000 d. R29 000
If the company incurred legal expense during the 2022. The amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.
Legal expenses deductibleUsing this formula
Legal expenses deductible= Legal costs for debt collection+ Legal costs relating to the drawing up of an agreement
Let plug in the formula
Legal expenses deductible=R7 000 +R22,000
Legal expenses deductible=R29,000
Therefore the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.
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Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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