why might a conservative versus risky choice be different at a not-for-profit organization than at a for-profit organization?
Answers
A cautious versus risky decision is distinct from those at for-profit businesses because not-for-profit organizations were created with the goal of assisting society.
For-profit companies typically want to provide customers with a good or service while also making a profit. A nonprofit's main objective is to help the community without worrying about turning a profit.
The primary distinction between nonprofit and for-profit companies is their goals: nonprofits have a social mission, whereas for-profit businesses want to provide goods and services that are useful to customers and bring in money. Additionally, charities are given specific tax benefits.
A for-profit business seeks to eventually distribute dividends to shareholders or profits to owners. A nonprofit's objective is to further its mission, which includes generating enough revenue to maintain operations.
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Related Questions
colbert operates a catering service. in july of year 1, colbert received a payment of $36,000 for 36 months of catering services to be rendered from august 15th of year 1 through august 15th of year 4. when must colbert recognize this income if he selects the accounting method that minimizes income recognition in year 1? (assume colbert is a calendar-year-end taxpayer)
Answers
If Colbert chooses the accounting method that minimizes income recognition in year 1, he will then recognize $34,500 as his income.
Revenue is recognized on the income statement in the period in which it is realized and earned, not necessarily when cash is received, as indicated by the term "Income Recognition." For the revenue-generating activity to be included in revenue for the relevant accounting period, it must be finished or almost finished.
Prepayments for services that are likewise unearned for financial reporting purposes may be postponed for a year.
$1,500 in income was recognized in the first year [($36,000 / 36 months) * 1.5 month]
Income recognized in year 2 is equal to $34,500 ($36,000 - $1,500)
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a(n) contract is one in which one or more of the parties have the legal right to cancel their obligations under the contract.
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A contract that allows one or more parties to cancel their obligations under the agreement is known as a voidable contract.
This means that the contract is legally binding, but certain circumstances allow for cancellation without incurring legal consequences. For example, if one party has been misled or coerced into entering the contract, they may have the right to void the agreement.
Additionally, contracts involving minors or individuals lacking mental capacity may also be voidable. It's important to note that voidable contracts are different from void contracts, which are considered null and void from the beginning and have no legal effect.
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Which of the following bank reconciliation items would not result in an adjusting entry?
(a) Service charge
(b) Collection of a note by the bank
(c) Deposits in transit
(d) NSF check of customer
Answers
The collection of a note by the bank is the bank reconciliation item that would not result in an adjusting entry. Adjusting entries are typically required for items that reflect discrepancies between the company's records and the bank statement.
Here's a summary of the different scenarios:
1. Deposits in transit: These are cash deposits received by the company but not yet recorded in its books because they are still in transit to the bank.
2. Outstanding checks: These are checks issued by the company but have not yet been presented to the bank for payment.
3. Service charges: These are fees charged by the bank for maintaining the account and providing services. Adjusting entries are necessary to record these charges and reconcile the cash balance.
4. NSF (Not Sufficient Funds) checks: These are checks issued by customers that are returned unpaid by the bank due to insufficient funds in the customers' accounts.
5. Collection of a note by the bank: This refers to the bank receiving payment on a promissory note issued by a customer of the company.
Since this transaction does not involve a discrepancy between the company's records and the bank statement, there is no need for adjusting entries.
In conclusion, the collection of a note by the bank is the bank reconciliation item that would not result in an adjusting entry.
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which tqm tool is used to help understanding the sequence of events through which a product travels?
Answers
Among the tools of TQM, the tool ordinarily used to aid in understanding the sequence of events through which a product travels is a: A) Pareto chart.
Causation-and-effect chart (also known as a fishbone or Ishikawa diagram) The fishbone diagram, created by Kaoru Ishikawa, aids users in seeing the different elements (or causes) that result in an effect, which is sometimes represented as a challenge that has to be overcome. Since the last 60 years, Total Quality Management (TQM) methods and approaches have been developed. In order to implement best practises, these tools and procedures are used to detect possible issues, their frequency of recurrence, and how to control them. Organizations may find, analyse, and evaluate qualitative and quantitative data that is pertinent to their operations with the use of total quality management (TQM) systems. These tools can help users find policies, concepts, data, cause and effect issues, and other matters that are pertinent to their companies.
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Tetap Teguh is currently operating at 78% capacity. Currently, total assets are RM49,800 and current sales are RM56,300. What is the firm’s full capacity sales?
Select one: A. RM43,914.00 B. RM63,846.15 C. RM82,758.00 D. RM72,179.50
Answers
D);The correct answer to the given problem is "RM72,179.50".Here are the calculations to find the firm's full capacity sales: Given: Current sales = RM56,300, Total assets = RM49,800, and Current capacity = 78%.Full Capacity is obtained by the formula: Full Capacity Sales = Current Sales × (Total Assets / Current Capacity)
By substituting the given values, we get;Full Capacity Sales = RM56,300 × (RM49,800 / 78)Full Capacity Sales = RM56,300 × (638.46)Full Capacity Sales = RM36,000.00
Therefore, the full capacity sales of the firm would be RM72,179.50 (RM36,000.00 / 0.5).Option D is the correct answer.
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walmart has posted a job description for an open position focused on the following responsibilities: managing the merchandising of new products in the appropriate store areas; selecting appropriate shelving and display materials throughout the store; identifying needed store repairs. which type of organizational resource will this job manage?
Answers
Walmart has posted a job description for an open position focused on the following responsibilities, the physical type of organizational resource will this job manages.
responsibilities is the quality of being answerable, accountable, or in charge of something that is under one's management. Environmental, compliance, and customer service responsibilities are just a few of the obligations that all business owners must fulfill.
You are expected to carry out a responsibility. A task you are required to complete could be a responsibility. For instance, your parents anticipate that you will brush your teeth. a piece ofJob, particularly a specific task completed as part of one's daily routine at work or for a predetermined fee: He was given the task of mowing the lawn by her. an editorial position, whether full- or part-time: She was looking for employment. Jobs: Producers, Thinkers, Builders, Improvers, and
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.What advantages do the mutual funds offer compared to the company stock?
Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match? What conclusions do you draw about matching plans?
Assume you decide you should invest at least part of your money in large-capitalization stocks of companies based in the United States. What are the advantages and disadvantages of choosing the Bledsoe Large-Company Stock Fund compared to the Bledsoe S&P 500 Index Fund?
4 The returns on the Bledsoe Small-Cap Fund are the most volatile of all the mutual funds offered in the 401(k) plan. Why would you ever want to invest in this fund? When youexaminethe expenses of the mutual funds, you will notice that this fund also has the highest expenses. Does this affect your decision to invest in this fund?
5. A measure of risk-adjusted performance that is often used is the Sharpe ratio, The Sharpe ratio is calculated as the risk premium of an asset divided by its standard?
on the subject what I had a mind to write. Subsequently, however, I found it a science adequate for its own aim, but inadequate for mine. For its aim is simply to conserve
the creed of the orthodox for the orthodox and to guard it from the confusion introduced by the innovators.
Answers
Choosing between mutual funds and individual stocks depends on an individual's investment goals and risk tolerance. Matching plans can significantly boost retirement savings, while the choice between Bledsoe Large-Company Stock Fund and S&P 500 Index Fund depends on investment objectives and risk tolerance.
Advantages of mutual funds over company stock:
a) Diversification: Mutual funds invest in a variety of stocks, which helps to spread the risk of investment. In contrast, investing in single company stock can be riskier as the performance of the stock is directly tied to the company's success or failure.
b) Professional management: Mutual funds are managed by professional fund managers who have the expertise and resources to analyze and select stocks for the fund. This can be advantageous as compared to an individual investor who may not have the same level of knowledge or resources.
c) Accessibility: Investing in mutual funds is more accessible as compared to buying individual stocks, which often require a significant amount of capital.
To calculate the effective annual rate (EAR) earned from the 5% match, we need to know the time period over which the matching contribution is made. Assuming that the matching contribution is made on an annual basis, the EAR can be calculated using the following formula:
EAR = (1 + periodic interest rate)^n - 1
where n is the number of compounding periods in a year. Since the matching contribution is made once a year, we can assume that n = 1. The periodic interest rate can be calculated as:
Periodic interest rate = Matching contribution / Salary
= 5% / 100% = 0.05
Plugging in these values, we get:
EAR = (1 + 0.05)^1 - 1 = 5.13%
The conclusion we can draw from matching plans is that they can significantly boost an individual's retirement savings. By contributing a portion of their salary to a 401(k) plan and receiving matching contributions from the employer, individuals can increase their retirement savings without having to bear the full cost themselves.
Advantages and disadvantages of choosing Bledsoe Large-Company Stock Fund compared to Bledsoe S&P 500 Index Fund:
a) Advantages of the Large-Company Stock Fund: This fund may have the potential to outperform the S&P 500 index as it invests in a smaller pool of large-cap stocks, which the fund manager believes have strong growth potential. The fund may also provide exposure to sectors or industries that are not well-represented in the S&P 500 index.
b) Disadvantages of the Large-Company Stock Fund: The fund may have higher expenses than the S&P 500 index fund due to its active management strategy. The fund may also be riskier as it invests in a smaller pool of stocks and may be more heavily exposed to the performance of certain companies or sectors.
c) Advantages of the S&P 500 Index Fund: This fund provides exposure to a broad range of large-cap stocks and tracks the performance of the S&P 500 index, which is a benchmark for the U.S. equity market. The fund may have lower expenses as it employs a passive management strategy.
d) Disadvantages of the S&P 500 Index Fund: The fund may not provide exposure to sectors or industries that are not well-represented in the S&P 500 index. The fund may also underperform the Large-Company Stock Fund if certain large-cap stocks in the S&P 500 index do not perform well.
Reasons to invest in the Bledsoe Small-Cap Fund despite its high volatility and expenses:
a) High growth potential: Small-cap stocks have historically outperformed large-cap stocks over the long term, although this may come with higher volatility.
b) Diversification: Investing in small-cap stocks can provide additional diversification benefits as they may be less correlated with large-cap stocks.
c) Active management: The fund is actively managed, which may provide the potential for higher returns if the fund
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Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the playoffs. Rich's hometown team, the Whalers, are interested in him. If the Whalers sign Rich for $2.5 million per year, how much is the annual "hometown discount" that the Whalers will receive?
Answers
Answer:
$2,500,000
Explanation:
Assessment
3/10
Imagine you've used your own money to develop your business idea. Now you need more
funding to keep growing. Which financing method would be available to you at this
stage?
A. Debt financing
B. Angel investing
C. Venture capital
D. Going public
Answers
How can the concept of opportunity cost affect your decisions when making financial plans?
Answers
Answer:
Opportunity cost is the potential benefit or gain that must be given up in order to pursue a certain action or decision. In the context of financial planning, opportunity cost can play a significant role in determining the best course of action.
When making financial plans, individuals must consider the opportunity cost of each decision they make. For example, if someone decides to invest their money in a particular stock, they must consider the opportunity cost of not investing in a different stock or asset that may have a higher potential return. Similarly, if someone decides to save money by cutting back on their spending, they must consider the opportunity cost of not being able to enjoy the things they are giving up.
Opportunity cost can also affect decisions related to debt and credit. For example, if an individual takes out a loan with a low interest rate, they must consider the opportunity cost of not being able to invest or save that money for other financial goals, such as retirement or buying a house.
Opportunity cost can also affect decisions related to time and effort, such as taking a higher paying job that requires more time and effort, or starting a business which is time-consuming and risky but can have high potential returns.
Concentrated ownership is when there are very few shareholders so that each one gets a. Share of the profits
Answers
Answer:
yes it was correct but i was in shields and i’m going on the right now so it is a
Explanation:
Which of the following quotations from the text best shows the author’s argument? * "Entrepreneurs are people who organize, manage, and take on the risks of a business. " "influencers usually don't have to spend money on renting office space, since many of them work from their own home. " "As influencers have grown in number, they have become more and more popular" "As entrepreneurs themselves, influencers create businesses and add a few unique features that continue to boost the economy in a socially connected world. ".
Answers
Enterprenuer are risk takers and influencers enhances a business to popularity.
Who is a Enterprenuer?An entrepreneur is an Individual that creates a new business and bears most of the risks and enjoys the rewards.
An influencer is a person who is known as an expert within their field that also has a steady following.
Therefore, Entrepreneurs are people who organize, manage, and take on the risks of a business and as influencers have grown in number, they have become more and more popular.
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(6) A supplier entity that provides goods and services to an oil and gas company, has an offer of charging a fixed amount of 1$ million for the first year and an addition of 500$ thousands for any additional year, depending on the first 4 years cost will be (a) C=1000000 (b) C=500000 (c) C=25000000 (d) C=5500000
Answers
One million dollars is a fixed amount for the first year. This is equivalent to C = 1000000.
For any additional year beyond the first year, the cost is an additional $500,000. This can be represented as:
(b) C = 500000
Since the information provided only mentions the cost for the first year and the additional cost for any additional year, the total cost for the first 4 years cannot be determined accurately without additional information. Therefore, options (c) C = 25000000 and (d) C = 5500000 cannot be determined based on the given information.
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The cost for the first year is fixed at $1 million. For any additional year beyond the first year, the supplier charges an additional $500,000. Therefore, the cost for the first 4 years is (d) C=5500000.
To find the cost for the first 4 years, we need to calculate the cost for each year and sum them up.
The cost for the first year is $1 million.
For the second year, we add $500,000 to the cost of the first year, making it $1 million + $500,000 = $1.5 million.
For the third year, we add another $500,000 to the cost of the second year, making it $1.5 million + $500,000 = $2 million.
For the fourth year, we add another $500,000 to the cost of the third year, making it $2 million + $500,000 = $2.5 million.
To sum up the costs for the first 4 years, we have:
$1 million + $1.5 million + $2 million + $2.5 million = $7 million.
Thus the correct answer: (d) C=5500000.
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Choose the best word or phrase to complete each sentence.
________is a financial service that offers a kind of
in the event of unforeseen damage, injury, or loss.
A ________ is the cost of a type of insurance that is paid at regular intervals.
A ________ is money a consumer must pay to share the costs of a payout.
Answers
Answer:
Insurance
premium
copayment
Explanation:
Insurance is a financial service that offers a kind of protection in the event of unforeseen damage, injury, or loss.
A premium is the cost of a type of insurance that is paid at a regular interval.
A copayment is a money a consumer must pay to share the costs of a payout
Answer:
Choose the best word or phrase to complete each sentence.
✔ Insurance
is a financial service that offers a kind of
✔ protection
in the event of unforeseen damage, injury, or loss.
A
✔ premium
is the cost of a type of insurance that is paid at regular intervals.
A
✔ copayment
is money a consumer must pay to share the costs of a payout
Explanation:
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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If South African government can fund its deficit without the economy experiencing rising general prices, then we can say that (a)the budget has balanced (b) public expenditure is of a long term nature (c) the public debt is sustainable (d) the public debt is no sustainable.
Answers
If the South African government can fund its deficit without the economy experiencing rising general prices, it indicates that the public debt is sustainable.
When a government is able to finance its deficit without causing inflation or rising general prices, it suggests that the borrowing is being managed effectively and does not create excessive pressure on the economy. This indicates that the public debt is being serviced in a way that does not strain the overall fiscal situation and is unlikely to lead to a debt crisis.
It's important to note that balancing the budget (option a) refers to the government's revenues matching its expenditures, which may or may not be the case in this scenario. Public expenditure being of a long-term nature (option b) doesn't necessarily relate to the sustainability of the public debt.
Therefore, the correct option would be (c) the public debt is sustainable.
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If the South African government can fund its deficits without the economy experiencing rising general prices, then we can say that the public debt is sustainable. The statement means that the government is able to cover the cost of its deficits and the economy is not experiencing rising general prices.
Thus, this can only happen when the public debt is sustainable. The correct option is c. the public debt is sustainable.What is a public debt?Public debt is a term used to describe the borrowing of funds by governments, which they use to finance expenditure or to pay off existing debts. Public debt is usually divided into external debt, which refers to debt owed to foreign creditors, and domestic debt, which refers to debt owed to creditors within the country.
The concept of public debt sustainability Public debt sustainability refers to the ability of a country to maintain its debt at a level that can be serviced over the long term without defaulting or causing major economic disruption. A country's public debt is considered sustainable if its economy can produce enough income to meet its debt obligations in the long run.
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Which is better a streamer or content creator cause if so I will be doing that job (:
Answers
Don't risk everything to be one of the 2. There is lots of competition on streaming platforms, and those who have made it big have the advantage. If you have no fan following at all, and think you can make it, I'm sorry to say it's 1% possible, 99% not. The dedication it requires, the amount of money, just for something to go bad is not worth it. I would find another career, sorry.
Melissa has bought a $2 lottery ticket every week for the past 30 years. This week she won for the first time -$2,000 in her state lottery. Compare these winnings to her total investment, and explain if the lottery was a worthwhile endeavor for her.
Answers
The amount of money Melissa invested in lottery tickets over the past 30 years is $3,120. Melissa's total investment in lottery tickets over the past 30 years was $3,120, according to the calculations. She won $2,000 this week for the first time.
Melissa spent $1,120 more on lottery tickets over the last 30 years than she won this week. LONG ANSWER:The amount of money Melissa invested in lottery tickets over the past 30 years is $3,120. Melissa spent $2 on the lottery every week for the past 30 years, according to the problem. That means she has spent $2 * 52 weeks * 30 years = $3,120. Melissa's total investment in lottery tickets over the past 30 years was $3,120, according to the calculations. She won $2,000 this week for the first time.
Subtract the total amount spent on lottery tickets from the prize money to determine whether the lottery was a worthwhile investment for Melissa. $2,000 (prize money) - $3,120 (total spent on lottery tickets) = -$1,120. Melissa spent $1,120 more on lottery tickets over the last 30 years than she won this week. So, it can be concluded that the lottery was not a worthwhile endeavor for Melissa.
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By law, an accountant must hold a CPA designation in order to
?
Answers
Answer:
The CPA designation isn't required to work in corporate accounting or for private companies. However, public accountants—which are individuals working for a firm, such as Deloitte or Ernst & Young, that provides accounting and tax-related services to businesses—must hold a CPA designation.
Explanation:
Answer:
Prepare audited or reviewed financial statements.
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Without ____, it would be impossible to stay in business.
Group of answer choices
growth
profit
IPO
marketing
strategy
Answers
A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):
A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.
Answers
Answer:
B. depository institution.
Explanation:
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
Answer:it’s not B
Explanation:
Got wrong on A.P.E.X
Select the correct answer.
Which product has the highest possibility of creating an approach-avoidance motivational conflict for consumers?
O A. sandwich
О в. fruit juice
O C. breakfast cereals
OD. potato chips
Reset
Next
Answers
The product that has the highest possibility of creating an approach-avoidance motivational conflict for consumers is potato chips. Thus the correct option is D.
When a person must choose between two desirable aims, there is a conflict within that individual known as the approach-avoidance conflict. When a person must pick between two appealing options, this happens.
Products that are regarded as luxurious or unhealthy may also cause a conflict between consumers' attempts to maintain a healthy lifestyle and their attempts to approach those products.
Therefore, option D is appropriate.
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Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by C=500+2q 2 where q is the level of output and C is total cost. (The marginal cost of production, MC(q), is 4q; the fixed cost, FC, is $500), If the price of a watch is $100, how many watches should you produce to maximize profits? You should produce Watches. (Enter your response as an integer. ) What will the profit level be? Profit will be $ (Enter your response rounded to two decimal places. ) At what minimum price will the firm produce a positive output? In the short run, the firm will produce if price is greater than $ per watch. (Enter your response as an integer. )
Answers
One should produce 25 watches to maximize profits. The profit level will be $750. The firm will produce a positive output if the price is greater than $50 per watch.
As the manager of a watchmaking firm operating in a competitive market, you want to determine the level of output that will maximize your profits. To do this, you need to consider the cost of production and the price of the watch.
The cost of production is given by the equation
C = 500 + 2q²,
where q is the level of output and C is the total cost. The marginal cost of production, MC(q), is 4q, and the fixed cost, FC, is $500.
To maximize profits, you need to find the level of output where marginal cost equals the price of the watch. In this case, the price of the watch is $100. So, we set MC(q) equal to 100 and solve for q:
4q = 100
q = 25
Therefore, you should produce 25 watches to maximize profits.
To calculate the profit level, we need to subtract the total cost from the total revenue. The total revenue is given by the equation R = p*q,
where p is the price of the watch. In this case, p = $100.
Profit = Total Revenue - Total Cost
Profit = p*q - C
Profit = 100*25 - (500 + 2*(25²))
Profit = 2500 - (500 + 2*625)
Profit = 2500 - (500 + 1250)
Profit = 2500 - 1750
Profit = $750
Therefore, the profit level will be $750.
In the short run, the firm will produce a positive output if the price is greater than the average variable cost (AVC) per watch. The average variable cost per watch is calculated by dividing the variable cost (VC) by the level of output (q). In this case, VC = 2q² and q = 25.
AVC = VC / q
AVC = (2*25²) / 25
AVC = 2*25
AVC = $50
Therefore, the firm will produce a positive output if the price is greater than $50 per watch.
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Most businesses rely on partnerships with other companies, known as the supply chain, to meet their operational goals. In a dominantly digital business landscape, maintaining those relationships within the supply chain through effective and modernized communication is not only valuable but essential. Business integration strategies allow a company and its digital ecosystem to automate workflows and streamline processes, resulting in increased revenue and productivity. With reference to this, • Discuss the most important elements that characterise the most successful efforts at integrating suppliers in new-product development. • Comprehensively discuss different barriers to integration and how each of them could be overcome.
Answers
Successful efforts at integrating income suppliers in new-product development typically involve several key elements:
Early Supplier Involvement: Engaging suppliers early in the product development process allows for their expertise and knowledge to be leveraged. This can lead to better product design, improved quality, and cost savings. Suppliers can provide valuable insights into materials, manufacturing capabilities, and technological advancements. Collaboration and Communication: Effective collaboration and communication are crucial for successful integration. Open and transparent communication channels should be established between the company and its suppliers. Regular meetings, joint planning sessions, and information sharing platforms help foster a shared understanding of goals, requirements, and timelines.Trust and Partnership: Building strong relationships based on trust and mutual respect is essential. A collaborative and cooperative approach, where both parties see themselves as partners working towards a common goal, is more likely to result in successful integration. Trust can be built through regular interactions, consistent performance, and shared benefits.
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free creditsssssssssssssssssssssssssssss
Answers
Answer:
ty
Explanation:
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How does a consumer complaint benefit the manufacturer?
A. The complaint notifies the manufacturer of a possible issue.
B. The complaint is registered with the government.
C. The complaint tells the manufacturer they did something wrong.
D. The complaint leads to an investigation.
Answers
Answer:
A. The complaint notifies the manufacturer of a possible issue.
Explanation:
this lets the manufacturer become aware of any issues- this benefits them
A consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
What is a consumer and a manufacturer ?A consumer is a person or a group who intends to order uses purchased goods, products primarily for personal, social household and similar needs, not directly related to any of business activities.
A manufacturer is a person or company that produces finished goods from raw materials by using various tools, equipment, and processes, and then sells the goods to consumers distributors, retailers, or to other manufacturers for the production and make their profit out of it.
How does a consumer complaint benefit the manufacturer ?A consumer make any complaint to the manufacturer if after taking the product or using it , the consumer founds any flaws or mistakes in it which might not be notified by the manufacturer.
Therefore, a consumer complaint benefit the manufacturer by Option(A) The complaint notifies the manufacturer of a possible issue.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
why is journal considered as a fundamental or original book of double entry system
Answers
The journal is considered the foundation of the double-entry system since it is the first location where all transactions are recorded.
The double-entry system is a method of bookkeeping in which all transactions are recorded in two separate accounts:
a debit account and a credit account.
When the journal was created, the double-entry system was also created, as it provided a way for bookkeepers to organize financial transactions and keep track of them.
The journal is used to keep a chronological record of all transactions for a given period, and it includes the following information for each transaction:
Date of the transactionAmount of the transactionDebit and credit accounts involved in the transactionDescription of the transactionThe journal is used as a reference document to generate other financial statements, such as the balance sheet and the income statement, once all transactions have been recorded and classified.
As a result, the journal is an essential component of the double-entry accounting system because it ensures that all financial transactions are recorded and accounted for.
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on may 2nd, company a received $100 of interest income from the bank earned in april. if the books are on an accrual basis, record the entry in april and in may when cash was received
Answers
When recording transactions on an accrual basis, revenue is recognized when it is earned, regardless of when the cash is received. In this scenario, the interest income of $100 was earned in April but received in May.
Here's how you would record the entry in both April and May:
April Entry (Accrual):
Debit: Interest Receivable (an asset account) - $100
Credit: Interest Income (a revenue account) - $100
Explanation: By debiting Interest Receivable, you recognize that the company has earned $100 of interest income in April but has not yet received the cash.
May Entry (Cash Receipt):
Debit: Cash - $100
Credit: Interest Receivable - $100
Explanation: By debiting Cash, you record the receipt of $100 in May. The credit to Interest Receivable reduces the outstanding amount owed by the bank for the interest income.
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Which of the following statements is correct? Multiple Choice Economic profits and losses have no significant impact on the growth or decline of an industry. Economic profits induce firms to enter an industry; losses encourage firms to leave. Normal profits will cause an industry to expand. Economic profits induce firms to leave an industry; profits encourage firms to leave.
Answers
Economic profits act as an incentive for firms to enter an industry, while losses act as a signal for firms to leave, therefore, this is correct statement.
The correct statement from the options provided is: Economic profits induce firms to enter an industry; losses encourage firms to leave.
Explanation:
Economic profits refer to the excess of total revenue over total costs, including both explicit and implicit costs. When a firm earns economic profits, it signifies that it is earning more than the opportunity cost of its resources. This attracts new firms to enter the industry to take advantage of the profit potential.
On the other hand, losses occur when the total costs exceed the total revenue. This situation discourages firms from continuing their operations and encourages them to exit the industry.
In conclusion, economic profits act as an incentive for firms to enter an industry, while losses act as a signal for firms to leave. Therefore, the correct statement is that economic profits induce firms to enter an industry, and losses encourage firms to leave.
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Economic profits entice firms to enter an industry while economic losses discourage them, thus causing them to exit. Over time, markets lean towards equilibrium where firms neither enter nor exit.
Explanation:The correct statement among the options is: 'Economic profits induce firms to enter an industry; losses encourage firms to leave.'
In the context of a competitive market, when firms are earning economic profits, it attracts additional firms to enter the industry. This is because the prospect of earning profits serves as a lure for new firms. When these new firms come into the industry, they increase the competition, which over time, reduces the overall profits.
On the flip side, if firms in the industry are suffering economic losses, this serves to discourage participation. Thus, firms begin to leave the industry until the point where losses are eliminated, and a state of normal profit or break-even is achieved. Over time, markets tend towards equilibrium where firms neither want to enter nor exit the industry.
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