A service provider and a manufacturer both use job order costing. Which of the following entries would only be found on the books of the manufacturer?
a.a debit to Work in Process and a credit to Wages Payable
b.a debit to Work in Process and a credit to Materials
c.a debit to Cost of Services and a credit to Work in Process
d.a debit to Work in Process and a credit to Overhead
Answers
The correct answer would be option b. A debit to Work in Process and a credit to Materials would only be found on the books of a manufacturer using job order costing.
This is because manufacturers use raw materials to produce their products and the cost of those materials is tracked in the Work in Process account.
The debit to Work in Process reflects the increase in the price of the materials used in the production process, while the credit to Materials reflects the decrease in the inventory of raw materials.
Option a would be found on the books of a service provider as they do not use raw materials in their services. Option c would be found on the books of a service provider as the Cost of Services account is used to track the cost of providing the service.
Option d would be found on the books of both a service provider and a manufacturer as Overhead is a cost incurred by both types of businesses. However, manufacturers specifically deal with materials, which are not typically found in a service provider's books.
So, the entry that would only be found in the manufacturer's books is the one involving Materials.
In this case, a debit to Work in Process increases the value of the product being manufactured, and a credit to Materials represents the consumption of those materials in the manufacturing process.
To know more about businesses click here
brainly.com/question/31668853
#SPJ11
Related Questions
Which form of job evaluation involves the evaluation committee
sorting job descriptions into grades without using a point system
(as in the federal civil service job classification system)?
What
Answers
The form of job evaluation that involves the evaluation committee sorting job descriptions into grades without using a point system is called the Classification method.
The Classification method of job evaluation involves the evaluation committee sorting job descriptions into distinct grades or categories based on the overall nature and characteristics of the jobs. Unlike other methods that use a point system or numerical scales to assign values to job factors, the Classification method focuses on grouping similar jobs together without assigning specific point values.
The evaluation committee reviews job descriptions and considers factors such as skill requirements, level of responsibility, decision-making authority, and complexity of tasks to determine which grade or category each job should fall under. Jobs within the same grade are expected to have similar job content and responsibility levels.
This method allows for a more simplified and standardized approach to job evaluation, as it provides a clear hierarchy and structure for different job grades within the organization. It is often used in public sector organizations, such as the federal civil service, where there is a need for consistent job classification across various departments and positions.
Learn more about job evaluation here;-
https://brainly.com/question/29578858
#SPJ11
All of the following actions lead to the payment of a credit card fee EXCEPT... a) Using your credit card to get cash from an ATM. b) Using your credit card to purchase items in a foreign country. c) Paying your credit card bill ten days after the Due Date. d) Paying your credit card bill in full and on time every month.
Answers
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
Credit cards are a convenient manner to pay for shopping and other expenses. However, they have numerous interest charges that may add to huge amounts if one is not careful.
Credit card charges interest on bill paid after their due date. Paying the entire credit card bill at the end of every month is one way of avoiding penalties.
Using a credit card to withdraw cash attracts charges, the same as making foreign transactions.
Answer:
d) Paying your credit card bill in full and on time every month
Explanation:
The risk-reward relationship says:
Answers
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why the chart is showing multiple times in the report. What is most likely causing the problem?
The chart is placed in the header and footer of a database.
The chart is placed in the field of a database.
The chart is placed in a database with one group.
The chart is placed in a database with five groups.
Answers
Answer:
The chart is placed in a database with five groups.
Hope this helped.
How can you say that Economics is a science of choice??
Answers
Answer:
Your answer is attached above
hope it helps
and I want to talk to you kavya sis
It's really important plzz dont ignore plzzz
If Al Maha Company decided to provide a three-year warranty against manufacturer's defects. Based on past experience with similar products, warranty costs are expected to be approximately 3% of sales during the first year, 2% of sales during the second year and 1% sales during the third year. On December 31, 2019, the company reported sales to be QAR 1,900,000. How much the amount of "Warranty expense" that Al Maha Company should report? A. QAR 76,000. B. QAR 57,000. C. QAR 95,000. D. QAR 114,000.
Answers
Answer:
D. QAR 114,000
Explanation:
Calculation for How much the amount of "Warranty expense" that Al Maha Company should report
Using this formula
Warranty expense=[(First year expected warranty costs*Sales)+(Second year expected warranty costs*Sales)+(Third year expected warranty costs*Sales)]
Let plug in the formula
Warranty expense=[(3% 1,900,000)+(2%* 1,900,000)+(1%*1,900,000)]
Warranty expense=57,000+38,000+19,000
Warranty expense=QAR 114,000
Therefore the amount of "Warranty expense" that Al Maha Company should report will be QAR 114,000.
don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Answers
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
https://brainly.com/question/28390284
#SPJ4
to an economist, a government program is too big if an analysis of that program finds that mb mc.
Answers
Marginal benefit (MB) is less than the Marginal cost (MC).It is considered excessively large in the sense that it leads to management and operational inefficiency if the marginal cost exceeds the program's analysis.
What is Marginal benefit and Marginal cost?The marginal benefit and marginal cost both serve as markers for changes in a product's price or value. Marginal benefit impacts the consumer, whereas marginal cost affects the producer. Companies must consider both concepts when creating, pricing, and marketing a product.
The maximum sum of money a consumer will spend on an additional commodity or service is known as the marginal benefit. As spending rises, customer contentment tends to decline. The difference in price caused by producing an extra unit of a good or service is known as the marginal cost.
To learn more about Marginal benefit and Marginal cost refer here:
https://brainly.com/question/7781429#
#SPJ4
Question 1
visor
Samantha is working through the Client Needs Assessment process.
BOOKS
Which 4 areas should she focus on to gather information for her
client?
(Select all that apply)
view
Doard
Who is the client
ng
Why did the client start their business
ses
U
What services does the client need
I!
How will the client work be completed
Which team member will do the work
ts
Answers
The Company Setup, Banking Activities, Common Problems, and Transaction Volume sections make up the Client Overview tab. To quickly assess the status of a client's file, you can access a multitude of real-time information.
Review of client data is where it is in QuickBooks.For each of you clients, you can quickly determine the status of the most recent book reviews: To access the Clients menu in QuickBooks Online Accounting, click. Decide which tab is for bookkeeping. Review the column's status for book reviews.
Which four categories of goods and services are there?Convenience goods, shopping products, specialty items, and unsought goods are the four categories of products, and each is categorized according to consumer preferences, pricing, and product features.
To know more client data visit:
https://brainly.com/question/14326501
#SPJ4
Carl is part of a project team that has been striving to write all the training materialsWhen they finish, the customers will complete the training. The training materials are the Ostakeholder Odeliverable milestone Orequirement
Answers
For the project team, the training materials are the deliverable. The Option B.
What are the training materials in project management?In project management, deliverable refers to tangible or intangible item that a project team produces and delivers to its stakeholders. The training materials are a specific type of deliverable that the team is responsible for creating.
These materials will include instructional documents, presentations, videos and other resources that the customers will use to complete their training. By producing high-quality training materials, the project team can help ensure that the customers are well-prepared to use the product or service that the project is delivering.
Read more about training materials
brainly.com/question/31485949
#SPJ1
One of the biggest concerns for farmers is which of the following?
A. The weather
B. Physical labor
C. Hiring labor
Answers
Answer:
A
Explanation:
Phiyscal labor can be a concern but not that big cause you can always have more workers and C hiring labor isn't as hard as people seem if you find some one willing it easy esspecialy if its a smalll farm and i belive its A becuase the weather is unpredictable and climat change one day it can be snowiing the next its pouring rain and the upcoming climate change we're facing will i have drastic effects on farms
You have been given the following information for PattyCake's Athletic Wear Corp for the year 202
a. Net sales $38,400,000.
b. Cost of goods sold $22.120,000.
c. Other operating expenses- $5.400,000 d. Additon to retained earnings-$1,200.500.
e Dividends paid to preferred and common stockholders-$1.918.000.
f interest expense-$1,800,000,
The firm's tax rate is 30 percent
in 2022:
h. Net sales are expected to increase by $9.40 million
Cost of goods sold is expected to be 60 percent of net sales,
J Depreciation and other operating expenses are expected to be the same as in 2021 k. Interest expense is expected to be $2,075,000
The tax rate is expected to be 30 percent of EBT
m. Dividends paid to preferred and common stockholders will not change.
Calculate the addition to retained earnings expected in 2022. (Enter your answer in dollars, not millions)
Addition to retained earnings
Answers
To calculate the addition to retained earnings expected in 2022, we need to consider the changes in net sales, cost of goods sold, other operating expenses, interest expense, and the tax rate. We can use the following formula:
Addition to Retained Earnings = Net Income - Dividends
First, let's calculate the net income for 2022:
Net Sales for 2021: $38,400,000
Increase in Net Sales: $9,400,000
Net Sales for 2022: $38,400,000 + $9,400,000 = $47,800,000
Cost of Goods Sold for 2022: 60% of Net Sales
Cost of Goods Sold for 2022: 60% * $47,800,000 = $28,680,000
Other Operating Expenses for 2022: Same as 2021 = $5,400,000
Interest Expense for 2022: $2,075,000
EBT (Earnings Before Tax) = Net Sales - Cost of Goods Sold - Other Operating Expenses - Interest Expense
EBT = $47,800,000 - $28,680,000 - $5,400,000 - $2,075,000 = $11,645,000
Tax Expense = 30% of EBT
Tax Expense = 0.30 * $11,645,000 = $3,493,500
Net Income = EBT - Tax Expense
Net Income = $11,645,000 - $3,493,500 = $8,151,500
Dividends for 2022: $1,918,000 (same as in 2021)
Now, let's calculate the addition to retained earnings:
Addition to Retained Earnings = Net Income - Dividends
Addition to Retained Earnings = $8,151,500 - $1,918,000 = $6,233,500
Therefore, the addition to retained earnings expected in 2022 is $6,233,500.
to know more about netsales
visit :https://brainly.in/question/23269804
#spj11
The decisions of firms and households are guided by prices and self-interest in a d to a. command cconomy. b. centrally-planned economy. c. market economy. one ai d. All of the above are correct
Answers
The decisions of firms and households are guided by prices and self-interest in a market economy. The answer is c.
In a market economy, prices play a crucial role in guiding the decisions of firms and households, as they provide information about the scarcity of goods and services and reflect the supply and demand conditions in the market.
Firms aim to maximize profits by producing goods and services that are in high demand and can be sold at a price that covers the costs of production, while households aim to maximize their utility by purchasing goods and services that provide them with the greatest satisfaction for the price they pay.
Self-interest is a key motivator in a market economy, as both firms and households seek to improve their economic well-being. In contrast, in a command economy, the government directs the allocation of resources and sets prices, while in a centrally-planned economy, economic decisions are made by a central planning authority. Hence, the answer is c.
To know more about market economy, refer here:
https://brainly.com/question/2343400#
#SPJ11
Describe how an organization determines if its training expenditures are cost effective and how this fits into the ADDIE process model
Answers
**An organization determines the cost-effectiveness of its training expenditures through evaluation and analysis of various factors.**
This evaluation typically involves comparing the costs of training programs against the benefits and outcomes achieved. Cost-effectiveness can be assessed by analyzing the return on investment (ROI) of training, which involves calculating the financial gains or cost savings resulting from improved employee performance or productivity.
In the ADDIE process model, evaluating the cost-effectiveness of training fits within the "E" phase, which stands for Evaluation. After the training program has been implemented and delivered, the organization assesses its impact and effectiveness. This evaluation phase includes analyzing whether the training achieved its desired outcomes, whether participants gained new knowledge or skills, and whether there was a positive impact on performance.
Within the evaluation phase, cost-effectiveness evaluation helps determine if the financial investment in training yielded tangible benefits and if the benefits outweighed the costs incurred. This information provides valuable insights for the organization to make informed decisions about future training initiatives and allocate resources effectively.
To learn more about organization
https://brainly.com/question/25922351
#SPJ11
What is TRUE about the prevalence of diversity in the modern workplace?
Diversity in the workplace has continued to increase.
Diversity in the workplace has continued to decrease.
Diversity in the workplace has shown no increase or decrease.
There is no data to track diversity in the workplace.
Answers
In summary correct option for this question is Diversity in the workplace has continued to increase.
Why is it?
There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.
This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.
Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction
To know more about Diversity related question visit:
https://brainly.com/question/7063191
#SPJ1
required informationskip to questionassignments and delegations introduction read the overview below and complete the activities that follow. contracts are typically private agreements in that they bind the two parties and no one else. thus, parties not in privity of contract usually do not have rights to a contract. however, there are exceptions to the general rule. this activity outlines the importance of paying special attention to ramifications that result from assigning or delegating a contract, including the effects these actions have on assignees. concept review: contracts create situations in which both parties have a duty to perform the agreed-on action and a right to be the recipient of the other party's duty. these rights and duties can be transferred to third parties. the transfer of rights is known as assignment; the transfer of duties is known as delegation. mini-case: read the case and then answer the questions to create a strategy for how someone might determine the results of the scenario. katerina owned property in miami right on the beach that she leased to scotty. scotty used the property for business purposes, which was allowed under the lease. three months into the lease, scotty transferred his lease to a sports agent company for $5,000, which became the new tenant under the lease. katerina became upset with scotty's transferring of the lease because she thought that since she leased the property to scotty, he should not be allowed to let anyone else lease the property. furthermore, she had a strong aversion to sports agents after watching the movie jerry maguire, and she did not want any money-grubbing sports agents working on her property. subsequently, katerina wonders whether there is any way she can limit the ability of scotty to transfer the lease. walk through the different types of transferring of rights and duties. what type of transfer of rights or duties is described in this case? what is the role of the relevant parties in the case? katerina clearly does not like the transfer of the lease. are there any factors that could limit the transfer of these rights or duties?the scenario above is an example of what legal concept?multiple choicevesting of rightsdelegationassignment
Answers
This scenario is an example of an assignment in contracts. Assignment is a legal concept that involves the transfer of rights from one party to another. In this case, the transfer of rights occurred when Scotty transferred his lease to a sports agent company for $5,000, making them the new tenant under the lease.
Katerina, the lessor, was not pleased with the transfer of the lease and has the right to challenge it. However, Katerina's challenge must be based on legal grounds and not simply on the fact that she has an aversion to sports agents. Depending on the specific language of the lease agreement, Katerina may be able to challenge the assignment based on clauses which limit assignment of the lease, as well as any other clauses which would not be valid had the lease been assigned.
There are also factors that could limit the transfer of rights or duties in this scenario. For instance, the assignment may not be enforceable if the lease itself does not permit assignment. Additionally, the parties of the contract must be in agreement and in good faith for the assignment to be valid. If either of these conditions are not met, the assignment may be void.
In conclusion, this case is an example of an assignment of rights in contracts. Katerina has the right to challenge the assignment, though her challenge must be based on legal grounds. Furthermore, there are certain factors that can limit the assignment, such as the presence of clauses limiting assignment and the requirement that both parties agree and act in good faith.
For more such questions on assignment
https://brainly.com/question/26489013
#SPJ11
company A had an engineering job to be given to a subcontracting company. The subcontracting took the iob and a formal contract was signed between the two parties. While the project was ongoing. some technical diticulties faced by the subcontracting company forced the project to be stopped for a period of 1 month. Since the project was stalled for 1 month the company A couldn't complete the project, and couldn't deliver the project to the client. The client levied a fine on the contracting company. Company A asked for compensation for the delay of work by the subcontracting company wherein in the formal contract there is no mention that the fine can be levied on any delay of work. The two companies had a dispute and company A had refused to conclude the contract. Apply applicable two Bahrain contract laws in this scenario to have a dispute resolution and come up with an appropriate conclusion to the case
Answers
In Bahrain, the applicable laws for resolving contract disputes can include: Bahrain Commercial Companies Law: This law governs the formation and operation of commercial companies, including subcontracting companies.
Bahrain Civil Code: The Civil Code contains provisions related to contracts, obligations, and liabilities. It may cover aspects such as breach of contract, compensation for damages, and principles of contractual interpretation. In order to resolve the dispute and come to an appropriate conclusion, the parties involved can consider the following steps: Contractual Interpretation: Review the terms and conditions of the formal contract signed between the two parties to determine if there are any clauses or provisions that address the issue of compensation for delays or unforeseen circumstances. It is important to carefully examine the contract language to understand the rights and obligations of each party.
Negotiation and Mediation: The parties can attempt to negotiate a mutually acceptable resolution through direct discussions or mediation. Mediation involves the intervention of a neutral third party who facilitates communication and assists the parties in reaching a settlement.
Arbitration: If negotiation or mediation fails to resolve the dispute, the parties can consider arbitration. Bahrain has established the Bahrain Chamber for Dispute Resolution (BCDR-AAA) to handle commercial disputes through arbitration and other alternative dispute resolution mechanisms. Legal Action: If all other avenues fail, the parties can resort to legal action by filing a lawsuit in the appropriate Bahraini court. The court will consider the relevant contract laws and evidence presented by both parties to determine the outcome of the case. It is important to consult with a legal professional to understand the specific details of the case, review the contract terms, and receive advice tailored to the Bahraini legal system and circumstances involved.
Learn more about Companies here:
https://brainly.com/question/33233771
#SPJ11
Product differentiation by incumbents act as an entry barrier because a. incumbents will take legal action if new entrants do not differentiate their products. b. it helps a firm to derive greater economies of scale. c. new entrants cannot differentiate their products. d. new entrants will have to spend heavily to overcome existing customer loyalties.
Answers
Answer:
d. new entrants will have to spend heavily to overcome existing customer loyalties.
Explanation:
When the product is different and can be recognized by an incumbent so the same should be acted as the entry barrier as the new entrants should spend more amount so that they would able to overcome the loyalties of the customer that are pre-existed in the market
So according to the given situation, the option d is correct
And, the remaining of the options should be incorrect
Product differentiation by incumbents act as an entry barrier because new entrants will have to spend heavily to overcome existing customer loyalties. Hence option D is correct.
Product differentiation by incumbents can act as an entry barrier for new competitors because established firms have already built brand loyalty and customer relationships. This makes it difficult for new entrants to attract customers away from the existing offerings.
To overcome this barrier, new entrants would need to invest significantly in marketing, advertising, and promotion to differentiate their products and create their own customer base. This can require substantial financial resources and marketing efforts to establish brand recognition and gain customer trust and loyalty.
Learn more about product differentiation here:
brainly.com/question/29792118
#SPJ6
What aspect of operations management can contribute to customer success? (125 -150 words)
Answers
The aspect of operations management can contribute to customer success by ensuring they succeed with products and services, and extending customers' lifetime value.
Customers that constitute a significant portion of a company's present or projected sales are referred to as critical customers. Customers are often defined as anybody who utilises the goods or services (individually, in a group, or on behalf of an organisation).
Customers with the greatest influence on product-related processes and qualities, such as design, sales, and future growth, exist among various customers and are crucial to the provider. These clients are referred to as essential clients.
Customer success is assisting the client in fulfilling their actual business needs. In this case, the supply company carefully collaborates with its clients to comprehend their needs, internal workings, surroundings, and competitive landscape in order to enhance client success. A company obtains a competitive edge in the market if it satisfies its customers and assists them in better meeting their needs than its rivals.
Learn more about Customer success:
https://brainly.com/question/28218612
#SPJ4
ace electronics signed a 10-year, $100,000, 4% note payable on january 1. when the note is signed, ace should record a liability of . multiple choice question. $104,000 $100,000 $140,000 $1,000,000
Answers
Ace electronics should record a liability of $100,000. Thus, option second is correct.
What is Liability?Liabilities are any obligations owed by the organization, such as borrowed funds, mortgages, unpaid payments, Promissory notes, or any other quantity of money owed to another person.
The obligation is must be recorded at the face amount when a note is signed. Because no interest was accumulated prior to the date of signing, the complete note value will be recognized as liability.
Therefore, it can be concluded that option second is correct.
Learn more about Liability here:
https://brainly.com/question/18484315
#SPJ1
Explain what Public Relations is?
Cite as much information as you can.
Explain what a Public Relations Manager does?
Cite as much information as you can.
Why would public figures (such as celebrities, politicians, professional athletes, etc) need a Public Relations Manager?
Cite as much information as you can.
How much money do PR Managers make?
What type of training or schooling do PR Managers need?
Answers
Public relations is the management and dissemination of information from a person or an organisation to the public with the goal of altering their view. Public relations is internally managed in contrast to publicity, which is unmanaged and supported by outside sources.
What is Public Relations?
Public relations is the process of gathering and disseminating information to the general public in an effort to alter public perceptions of an individual or an organisation. Publicity differs from public relations in that it is created by outside sources and is not subject to internal control.
Hence, Public relations experts work to improve and maintain the public's favourable view of a company or organisation. They offer press releases and material for social media that improves brand recognition and changes the public's impression of the company or organisation. A savvy public relations specialist is engaged in the world and keeps up with news in the industries of their clients as well as current events, trends, and developments in our own "industry," which includes being aware of the effects of social media. Both bringing the outside in and bringing the inside out are PR's responsibilities.
To learn more about Public Relations click,
https://brainly.com/question/943156
#SPJ1
FILL IN THE BLANK. cash, in addition to the down payment, that an owner needs to run and maintain an investment property is known as this _________?
Answers
Cash, in addition to the down payment, that a proprietor needs to run and keep a speculation property is known as this Liquidity of cash.
Liquidity is the expense adequacy with which a resource or security can be transformed into prepared cash without affecting its reasonable worth. The most fluid resource is cash itself. Liquidity presents how much a resource can be effortlessly traded in the market at a cost showing its genuine worth.
Cash is constantly viewed as the most fluid resource since it can generally effectively be changed into different resources, for example, fine art, a real home, adornments, etc. , which are completely viewed as non-fluid.
Learn more about Liquidity of cash:
https://brainly.com/question/17284410
#SPJ4
A ({bond} or {stock}) will pay income based on an interest rate, while a ({bond) or (stock)} may give dividends to investors. Both interest income and dividends contribute to the ({cost) or (return) or (risk)} on an investment.
Answers
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
A bond is a long-term debt tool used by governments and corporations to raise funds. To investors, bonds offer long-term investment opportunities that pay interest based on the prevailing market rates.
A stock is the smallest unit of a company. Owning stock is owning a small portion of the company. Stockholders are entitled to share in the profits of a company; that's why they receive dividends.
An investment is a commercial undertaking that provides the investor with a financial gain. The financial gain or profits may be dividends from shares or interests from deposits.
Answer:
A bond will pay income based on an interest rate, while a stock may give dividends to investors. Both interest income and dividends contribute to the return on an investment.
Explanation:
it just make sense to me
Match the examples of the impact of the innovation of technology to their relevant sectors.
manufacturing
communication
financial products
transportation
Answers
Answer:
1. Communication.
2. Transportation.
3. Manufacturing.
4. Financial products.
Explanation:
Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental services, manufacturing, farming, transportation, telecommunications, etc.
Basically, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort.
Some of the sectors that have been impacted greatly by technology includes;
1. Communication: electronic data transmission allows companies to re-order inventory immediately without human interaction. Through the use of interconnected network systems, companies can easily make order for products in real-time without human interaction.
2. Transportation: Delivery by drones allow companies to ship products without paying labor costs. Drones are automobile and usually do not need anyone to drive it like with other forms of transportation such as trains, ships, trucks, etc.
3. Manufacturing: New equipment allows a producer of windows to increase production by 25%. The introduction of a new equipment to a production line would significantly increase the level of output or productivity.
4. Financial products: Financial futures allow farmers to lock in prices of their crops. A financial future is a financial contract that obligates a buyer to buy a financial product or avails a seller an opportunity to sell his or her products at a specific price and future date.
Which parts of your business are not profitable?
Answers
Answer:
7 Problems Preventing Your Business From Being Profitable
Low prices. Setting prices is one of the first and most important decisions you'll have to make for your business.Too much overhead.Too many ongoing costs.Unseen or hidden costs.Fierce competition.A lack of market awareness. Inconsistency.Developing marketing programs that reflect the unique aspects of different races is known as ______.
Answers
Multicultural marketing corresponds to the development of marketing programs that reflect the unique aspects of different races and cultures, to generate better communication with a specific group.
Functions of multicultural marketingEstablishing a more aligned and focused communication with ethnic groups and with more specific cultures than that exercised in a particular place, such as in relation to language, religion and specific traditions of a group.
Therefore, multicultural marketing increases the perception of groups not belonging to the general market, according to their cultural references to generate value and greater integration to these consumers.
Find out more information about multicultural marketing here:
https://brainly.com/question/9127104
The _____________________ is an important element of the wto that commits member nations to equal treatment of other member nations.
Answers
The "Most Favored Nation" principle is an important element of the World Trade Organization (WTO) that commits member nations to equal treatment of other member nations.
This principle ensures that any advantage, favor, privilege, or immunity granted by a WTO member to another member is automatically and unconditionally extended to all other members.
1. Equality:
The principle promotes the idea of equality among member nations.
It requires that any favorable treatment given to one member must be extended to all other members on a non-discriminatory basis.
2. Trade Liberalization:
The Most Favored Nation principle helps in promoting trade liberalization by preventing member countries from engaging in discriminatory practices that could harm fair competition and impede international trade.
3. Transparency:
By adhering to the Most Favored Nation principle, the WTO ensures transparency and predictability in trade relations.
It prevents hidden barriers and ensures that trade policies are clear and consistent.
4. Example:
Let's say Country A grants Country B a preferential tariff rate on a specific product.
Under the Most Favored Nation principle, Country A must extend the same preferential tariff rate to all other WTO member countries, ensuring equal treatment and non-discrimination.
In summary, the Most Favored Nation principle is an important aspect of the WTO that promotes equality and non-discrimination among member nations.
It helps in creating a level playing field for international trade and contributes to the overall goal of trade liberalization.
To know more about World Trade Organization visit;
https://brainly.com/question/33510397
#SPJ11
F/T
6. A strategic commitment can be reversed by the top management according to their convenience.
Answers
The statement "A strategic commitment can be reversed by top management according to their convenience" is generally true, but there are some important considerations to remember.
Strategic commitments are long-term decisions an organization makes to pursue a particular course of action. These decisions are often costly and difficult to reverse, requiring a significant investment of resources and effort. However, there may be situations where top management decides to reverse a strategic commitment if it is no longer feasible or if circumstances change.
While it is possible for top management to reverse a strategic commitment, doing so can have serious consequences. It may damage the organization's reputation, erode employee morale, and reduce stakeholder trust. Additionally, reversing a strategic commitment may require additional resources and time to develop and implement a new strategy.
To learn more strategic commitments, visit here
https://brainly.com/question/30509361
#SPJ4
What is the relationship between sample size and false conclusions in market research?
Answers
The relationship between sample size and false conclusions in market research is- The larger your sample size, the less chance there is to draw a false conclusion.
What do you mean by sample size?
It takes consideration and logical reasoning to choose the appropriate sample size for your market research survey, but it's not a complex process. You only need as many respondents to your survey as are actually required. A sample of 300–400 will often be sufficient for most uses.The margin of error reduces with sample size. The margin of error rises as population variability does as wellThe phrase "sample size" in marketing research refers to the total number of participants in the study. Statistics like age, gender, and geographic region are taken into account while selecting the sample for research. Samples might either be general or detailed.To know more about sample size here
https://brainly.com/question/25574075
#SPJ1
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 11 units at $41 $451 Aug. 13 Purchase 17 units at $44 748 Nov. 30 Purchase 18 units at $46 828 Available for sale 46 units $2,027 There are 28 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost $
Answers
Answer:
A. $1,620
B.$1,199
C. $1,234
Explanation:
A. Calculation to Determine the inventory cost using the first-in, first-out (FIFO) method
First in first out = (18*46+18*44)
First in first out =$828+$792
First in first out =$1,620
Therefore the inventory cost using the first-in, first-out (FIFO) method is $1,620
B. Calculation to determine the inventory cost using the last-in, first-out (LIFO) method
Last in first out = (11*41+17*44)
(11-28=17)
Last in first out =$451+$748
Last in first out =$1,199
Therefore the inventory cost using the last-in, first-out (LIFO) method is $1,199
C.Calculation to determine the inventory cost using the Weighted average cost method
Weighted average = ($2,027/46)*28
Weighted average =$44.0652*28
Weighted average =$1,234
Therefore the inventory cost using the Weighted average cost method is $1,234