No, as Barry does not own a piece of writing that has been signed by Champs Tee Shirts.
Without a written agreement, it may be difficult to tell whether either writing party has complied with the conditions or whether the contract has been canceled. Therefore, the absence of a written contract allows room for misunderstanding by a third party. Therefore, whether it is a writing single individual or a large organization, having the contract in contracts writing is in both parties' best interests to avoid future legal disputes.
A third party would find it easier to comprehend and uphold the terms and conditions of the contract if it were in writing, which is another contracts compelling argument in favor of having the contract written down and signed by both parties.
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if the farmers' market comprises 100 apple farmers, the quantity of baskets supplied on the short-run industry supply curve at a price of $4.29 is ___ . please type the correct answer in the following input field, and then select the submit answer button or press the enter key when finished.
The quantity of baskets supplied on the short-run industry supply curve at a price of $4.29 is $7 and 900 baskets.
Why do you use the word "market"?Market: A process whereby things and services are exchanged as a result of contacts between sellers and buyers either immediately or through intermediaries or institutions.
What does "market" mean in business?A market is a gathering place for both buyers and sellers where they can swap goods and services. Marketplace can be real-world, like a physical store, or digital, like an online retailer. The black market, an auctions economy, and the financial sector are more examples.
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Bank leverage Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following questions. Bank's Balance Sheet Assets Liabilities and Owners' Equity Reserves $150 Deposits $1,200 Loans $600 Debt $200 Securities $750 Capital (owners' equity) $100 Suppose a new customer adds $100 to his account at Southwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and the account. This would also bring the leverage ratio from its initial value of to a new value of Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply. The total value of liabilities The riskiness of each asset The size of the monetary base
Southwestern Mutual Bank's balance sheet
Owners' Equity - $100
Liabilities:
Deposits $1,200Debts $200Total - $1,400Equity and Liabilities = $1,500How do I calculate owner's equity on a balance sheet?Equity is computed as the entire value of an asset less all obligations (Equity = Assets - Liabilities).Subtract your debt obligations on any loans that are secured by your home from its appraised value to get your equity.You may determine it by taking away all obligations from the total asset value: Assets minus liabilities equal equity. The value of the assets donated by the owner(s) and the entire revenue that the business generates and keeps is referred to in accounting as the company's total equity value.Owner's equity is made up of the owner's initial investment in the company less any withdrawals or draws made by the owner, plus any net gains (or losses) realised since the company's inception. Because liabilities have a bigger claim than owner's equity, owner's equity is seen as a residual claim on the company's assets.Given data :
Owners' Equity - $100
Liabilities:
Deposits $1,200
Debts $200
Total - $1,400
Equity and Liabilities = $1,500
Assets:
Reserves - $150
Loans $600
Securities $750
Total Assets - $1,500
a) If a new client adds $100 to his account, both the loans and the deposits accounts would be increased by $100.
b) The leverage ratio calculates the bank's core capital as a percentage of all assets.
Old leverage ratio is 100/150x100%, or 6.67%The new leverage ratio is calculated as 100 / 1600 x 100%, or 6.25%.c) The protection of the interests of individuals who own stock in the bank is the intended purpose of the capital requirement.
Banks have a lot of debt. This indicates that they frequently keep high leverage ratios. Always, the liabilities outweigh the capital.
The ratio of a bank's core capital (shareholders equity) to all of its assets is known as the leverage ratio.
For this reason, the Federal Reserve imposes capital standards on banks. This makes an attempt to safeguard shareholders' equity, which is typically written off when leverage ratios rise. This is due to the fact that while the debts are unsecured, the capital component of the assets to which they are attached are not.
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general and administrative expenses support a company's overall operations and include expenses related to accounting, human resources and finance.
They are related to accounting, human resources management and finance management.
What is finance management?In order for the "organization to have the means to carry out its objective as satisfactorily as possible," which is frequently defined as increasing the value of the company for stockholders, financial management is the business function that deals with profitability, expenses, cash, and credit. Financial management typically focuses on current assets and current liabilities, managing short-term working capital, and controlling swings in foreign currencies and product cycles, frequently through hedging. The task overlaps with treasury management because it also requires the effective and efficient administration of money on a daily basis. Additionally, it is involved in long-term strategic financial management, with a particular focus on capital structure management, which includes capital budgeting, capital raising, and dividend policy—the latter of which, in large corporations, falls more under the category of "corporate finance."
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if demand for the next several weeks is as shown, with average demand equal to 266, how many orders will be placed using the lot for lot technique? week 1 2 3 4 5 demand 240 280 250 290 270 1 4 5 2
How many orders will be placed utilizing the lot for lot technique if demand remains as it is for the upcoming several weeks, with an average demand of 266.
By demand, what do you mean?
Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. The quantity of goods that consumers are prepared and willing to buy at various prices within a particular time frame is referred to as demand.
What is the economic definition of demand?
Demand is the term used to express a consumer's willingness and need to buy a product at a certain time or over an extended period of time.Additionally, consumers must be able to afford the items they desire or need as judged by
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total revenue from five bicycles is $2,000, and total revenue from four bicycles is $1,800. the marginal revenue in the interval between four and five bicycles is $________.
The marginal revenue in the interval between four and five bicycles is $ 300.
What is marginal revenue?The sale price of a further item sold is equal to the margin of profit. A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue. The selling price of one additional item that was sold makes up marginal revenue.
The money a business makes from each new sale is known as marginal revenue. In other words, it calculates the profit a company would get by selling a single additional good. A baker's marginal revenue, for instance, is $2 if they sell an additional loaf of bread for $2.
A company can look at its marginal revenue to ascertain the amount of earnings it will make from the additional units of output sold.
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which of the following is not performed by the fed? group of answer choices holding member bank reserves on deposit making loans to member banks issuing bank notes serving as bankers to other banks holding deposits of households and firms
Five tasks are carried out by the Federal Reserve System to advance the efficient running of the American economy and, more generally, to satisfy the needs of the general public,the Board of Governors, the 12 Federal Reserve Banks, and the Federal Open Market Committee are its three main constituents.
Overview of the Federal Reserve SystemIn order to advance the soundness of the American economy and the stability of the American financial system, the Federal Reserve undertakes five essential tasks.
The Three Key System EntitiesIn order to advance the strength of the American economy and the stability of the American financial system, the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee collaborate.
Conducting Monetary PolicyIn order to encourage maximum employment and stable pricing in the American economy, the Federal Reserve determines the country's monetary policy.
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saver's credits are awarded for contributions to both qualified and nonqualified retirement accounts. group starts true or false
The statement Saver's credits are awarded for contributions to both qualified and nonqualified retirement accounts is false.
What is saver's credits?Saver's credits can be defined as a form of tax benefit that is given an employee that has a individual retirement account (IRA) in which both the employer and employee pay a certain amount of money into the IRA.
This statement is false because Saver's credits are awarded for contributions to qualified individual retirement accounts.
Therefore the statement is false.
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In the context of inventory costs, _____ can reflect backorders or service interruptions for external customers.
In the context of inventory costs, Stockout Costs can reflect backorders or service interruptions for external customers.
Inventory ManagementInventory management includes the process of planning, coordinating and controlling the movement of inventory – both incoming inventory, production process and outgoing inventory – within the company's organization. Each of these activities consumes costs, so inventory management is intended to control all costs associated with inventory.
The costs associated with inventory are classified under six categories:
Purchasing costs are the costs of goods obtained from suppliers, including these costs, including freight-in costs. Generally, the value of purchasing costs is the largest cost component of the cost of goods sold.Ordering costs are costs that arise from the activities of preparing and issuing purchase orders, receiving and inspecting goods. Ordering costs include the activity of matching goods received with invoices and payment transaction activities.Carrying costs are costs that arise from storing inventory until the inventory is sold. Included in this carrying cost is the Opportunity cost of the investment value in inventory, storage costs, such as warehouse rent, insurance, and the cost of the expired value of goods.Stockout costs are costs that occur because the company experiences a lack of stock to meet consumer demand. The company must immediately fill inventory to meet consumer demand or suffer losses because the company cannot fulfill customer orders.Costs of quality are costs that occur when the features or characteristics of a company's products do not match consumer expectations. This cost of quality category is: prevention, appraisal, internal failure, and external failure.Shrinkage is the difference in inventory costs between the inventory value according to the company's bookkeeping records and the inventory value calculated by physical inspection of inventory (stock taking). The cause of this difference in value is due to damage, misclassification, theft, and administrative errors in recording.Learn more about Inventory Management at: https://brainly.com/question/13439318
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You want to create a portfolio equally as risky as the market, and you have $2,400,000 to invest. Given this information, fill in the rest of the following table: (Do not round intermediate calculations. Round your answers to the nearest whole number, e.g., 32.)
Asset Investment Beta
Stock A $ 360,000 1.00 Stock B $ 624,000 1.10 Stock C $ 1.20 Risk-free asset
The Beta of risk free asset is 0
What is asset?
Any resource that a company or other economic entity owns or controls is considered an asset in financial accounting. Anything that has the potential to generate positive economic value qualifies. The ownership value that may be converted into cash is represented by assets. The monetary value of an organization's assets is shown on its balance sheet. It protects cash and other valuables that belong to a person or a company.
Tangible and intangible assets are the two main categories into which assets can be divided. Current assets as well as fixed assets are just two of the many subclasses that make up tangible assets.
Beta of market = 1
Beta of risk free asset = 0 [as there is no risk involved ,beta= 0]
Weight of stock A = 360,000 / 2,400,000 = .15
STOCK B = 624,000 / 24,000,000 = .26
let weight of stock C =X
Weight of risk free asset = 1 - .15 -.26 -X = .59-X
beta of market = weighted average of stock
1 = (1* .15 )+(1.1 * .26 )+(1.20*X ) + [0 * (.59-x)]
1 = .15 + .286 + 1.20X + 0
1 = .436 + 1.20X
1.20X = 1 - .436
X = .564 / 1.20
= .47
weight of stock C= .47
Weight of risk free asset = .59 -.47 = .12
Investment in stock C= 2,400,000 * .47 =$ 1128000
risk free asset = 2,400,000 * .12 =$ 288000
Beta of risk free asset = 0
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According to ASC Topic 606 guidance for revenue recognition, which of the following statements is true regarding customer options when identifying performance obligations in a contract? 24 1.25 Multiple Cholce points 01:32:57 There Is an additional performance obligation for additional goods or services If the customer could obtaln the same rights to additional goods or services without entering into the current contract agreement There is an additional performance obligation for additional goods or services if the option in the contract provides for the additional goods or services at their stand-alone selling price. There Is an additional performance obligation for additional goods or services If the customer could obtain the same rights to additlonal goods or servIces elsewhere but the additional good or services are provided for free or at a discount In the current contract. There Is no additional performance obligatlon for addltional goods or services If they will be received for free or at a discount, as long as the goods or services are similar to the other goods in the current contract
According to ASC Topic 606 guidance for revenue recognition, There Is an additional performance obligation for additional goods or services If the customer could obtain the same rights to additional goods or services without entering into the current contract agreement.
What is meant by a performance obligation?
A commitment to supply a specific good or service, or a range of specific goods or services, as indicated by the revenue standard, is a performance obligation.
What kind of performance responsibility is this, specifically?
Retailer Peter consents to provide Bob a new washing machine. Delivering the washing machine to Bob in exchange for the specified amount is the performance obligation, according to the customer invoice.
What is a performance obligation?
A pledge to transfer products or services to a consumer is a part of a contract. The promises are performance obligations and need to be handled separately if those goods or services are distinct.Learn more about performance obligation
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According to the BABOK guide, perspectives are used within business analysis work to provide focus to tasks and techniques specific to the context of the initiative. The five common perspectives include all of the following except:
A. Business architecture
B. Information technology
C. Enterprise architecture
D. Business intelligence
The BABOK guide perspectives for business analysis do not focus on Enterprise architecture.
What is Enterprise Architecture?Enterprise architecture (EA) is a business function concerned with a company's structures and behaviors, particularly business roles and processes that generate and use data. It applies architecture principles and practices to guide organizations through the business, information, process, and technology changes necessary to execute their strategies.
The BABOK Guide perspectives and highlights five perspectives that reflect the most common views of business analysis: Agile, Business Intelligence (BI), Information Technology (IT), Business Architecture (BA), Business Process Management (BPM).
Therefore, Enterprise Architecture do not form a part of BABOK guide perspective. Hence the correct answer is option C.
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Mr. Max is about to purchase 4 units of good A and 6 units of good B. The price of both A and B is $2. Mr. Max has only $20 to spend. If the marginal utility of the fourth unit of A is 12 and the marginal utility of the sixth unit of B is 12, then:
a. he should not buy anything.
b. he should buy more of A and less of B.
c. he should buy less of A and more of B.
d. he should buy A and B in the quantities indicated.
e. he should buy more of A and little more than that of B.
The marginal utility of the sixth unit of B is 12, then He should buy A and B in the quantities indicated.
The application of the rule of marginal utility in real-world situations:When you receive more of something you desire, such an item or service, you feel an additional sense of satisfaction known as marginal utility.
In reality, marginal utility holds true for the majority of human needs and desires. Marginal utility is the additional satisfaction you experience from purchasing more pizza, for example, if you go to buy some and discover that you can afford more than you anticipated.
The issue with marginal utility, though, is that if you continue to receive more of anything, you will reach a point when you no longer feel as satisfied as you did while receiving additional.
For instance, if you keep ordering more pizza on the same day, ultimately you will feel as though you have had enough and you won't want any more pizza. The Law of Diminishing Marginal Utilities is what's responsible for this situation.
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If projects are mutually exclusive, only one project can be chosen. The internal rate of return (IRR) and the net present value (NPV) methods will not always choose the same project. If the crossover rate on the NPV profile is below the horizontal axis, the methods will ______ agree
If projects are mutually exclusive, only one project can be chosen. The internal rate of return (IRR) and the net present value (NPV) methods will not always choose the same project. If the crossover rate on the NPV profile is below the horizontal axis, the methods will _always_ agree.
NPV is the abbreviation of Net present value which is a financial metric that seeks to capture the total value of an investment opportunity.
For mutually exclusive projects, if the IRR or internal rate of return is greater than the cost of capital, you accept the project. If it is less than the cost of capital, then you reject the project.
Also, If projects are mutually exclusive, accept the one with the highest IRR or internal rate of return by assuming it is above the hurdle rate.
Therefore, the answer is always.
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During periods of increasing costs, the use of the FIFO method of costing inventory will yield an inventory amount for the balance sheet that is higher than LIFO would produce.
T
True, During periods of increasing costs, the use of the FIFO method of costing inventory will yield an inventory amount for the balance sheet that is higher than LIFO would produce.
What is FIFO method?
First in, first out (FIFO) is a simple method for valuing inventories that relies on the idea that the first-produced or-bought products will be sold first. Theoretically, this means that the oldest inventory is sent to clients before the newest inventory.What do the FIFO and LIFO methods mean?
The goal of FIFO (first in, first out) inventory management is to value inventory to reduce the likelihood that the company would lose money when things go bad or become obsolete. In order to determine the cost of goods sold, LIFO (last in, first out) inventory management is preferable for nonperishable goods.Learn more about FIFO method
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should the ship depreciation costs be allocated to the cost of a passenger cruise when pricing the passenger cruise?
No, the ship depreciation costs for cruise passengers should not be allocated to cost of passenger cruise when pricing passenger cruise.
What is depreciation?The term "depreciation" is used in accounting to refer to two different aspects of the same concept: first, the real decline in an asset's fair market value, such as the annual loss in value of industrial machinery due to use and wear, and second, the allocation in financial statement of the asset's initial cost to the periods in which it is used. The process of reallocating, or "writing down," the cost of a tangible item over the duration of its useful life is called depreciation. It also describes a decrease in asset worth. The majority of the time, expenses are divided into times when depreciation is expected to be incurred on an asset.
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The Grand Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range. Paul Weld, the manager of Grand, has determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows. Percent of Total Sales Contribution Margin Ratio 50% 25% 50% 80% Appetizers Main entrees Desserts Beverages 50% 10% 25% Paul is considering a variety of options to try to improve the profitability of the restaurant. His goal is to generate a target net $117,000. The company has fixed costs of $1,053.0oo per year.
The target profit sales revenue is $2,381,516 and
A target profit is the profit goal a company has set itself and in order to calculate the sales revenue needed to reach this target, the total fixed cost and weighted average contribution margin are used.
Percent of Total Sales Contribution Margin Ratio Weighted average Margin
Appetizers 15% 60% 9%
Main entrees 50% 25% 12.5%
Desserts 10% 5% 5%
Beverages 25% 80% 20%
Totals 100% 46.50%
Target Profit sales revenue = Target Profit + Fixed Cost / Weighted Average Contribution Margin Ratio
= $117,000 + $1,053,000 / 46.5%
= $2,381,516
Percent of Total Sales Target Profit Sales Revenue
Appetizers 15% 357,227
Main entrees 50% 1,190,758
Desserts 10% 238,152
Beverages 25% 595,379
Total 100% $2,381,516
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the fixed-order-interval model would be most likely to be used for this situation multiple choice a company has switched from mass production to lean production. production is done in batches. spare parts are ordered when a new machine is purchased. grouping orders can save shipping costs. demand is highly variable
In this case, the fixed-order-interval model is most likely to be applied. "grouping orders together" can reduce shipping costs.
Define the term fixed-order-interval model?When available stocks approach the order point, an order point management approach uses reordering fixed quantities.
A maximum stock level ("S") is a predetermined level at which available stocks must return in the fixed interval inventory control model. This level is reached by reordering a volume (variable) at regular intervals ("T").The same fundamental presumptions apply to the order point model:
Supplier lead times are predictable and consistent.Demand throughout the lead period is a random variable with a roughly normal (Gaussian) distribution, and we can define this as the average variance from the typical value.Amount "SS" is added to the curve to manage the available stocks (safety stock).Thus, in the given situation, the fixed-order-interval model is most likely to be applied. "grouping orders together" can reduce shipping costs.
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Which function is used to calculate depreciation in excel using the straight line method?.
SLN function is used to calculate depreciation in excel using the straight line method.
Depreciation function in excelA decrease in the selling price or an impairment in the value of an asset in economic terms is known as depreciation. In Microsoft Excel there are several functions that are used to calculate depreciation/depreciation values using several methods such as SLN (Straight Line Depreciation), SYD (Sum of Year's Digits), DB (Fix Declining Balance), DDB (Double Declining Balance) and VDB (Variable Declining Balance).
Excel's SLN functionThe SLN (Straight Line) function generates costs/expenses for depreciation or depreciation of fixed assets using the Straight Line method. Use of this method will result in the same depreciation charge for each accounting period (unless there is an adjustment) over the useful life. This function has the following writing form:
=SLN(cost;salvage;life)
Where:
> Cost the acquisition price of fixed assets.
> Salvage residual value, namely the predicted value of fixed assets at the end of their useful or economic life.
> Life the economic age or useful life of the asset (in years).
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match the cause for the negatively sloped aggregate demand curve with the correct term. a. as prices rise, the cost for businesses to finance new equipment increases, causing a drop in quantity demanded of real gdp. b. the purchasing power of money held in savings accounts falls as prices rise. c. as prices rise in the united states, foreigners purchase fewer u.s. goods.
As the aggregate demand's constituents—consumption spending, investment spending, government spending, and spending on exports minus imports—increase, the aggregate demand curve moves to the right. As these components decrease, the AD curve will turn left again.
What is Shifts in aggregate demand?The aggregate demand/supply model illustrates how total supply and total demand interact at the macroeconomic level as well as what factors affect total supply or total demand for the economy. AD elements can alter as a result of various individual decisions, such as those brought on by changes in consumer or corporate confidence, or political decisions, such as adjustments to government expenditure and taxation. The equilibrium amount of output and price level will increase if the AD curve swings to the right. The equilibrium amount of output and price level will decline if the AD curve changes to the left.The point at which the aggregate demand curve, or AS curve, intersects the AD curve determines whether equilibrium output changes relatively more than price level or whether price level changes relatively more than output.To Learn more About aggregate demand refer to:
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As the aggregate demand's constituents—consumption spending, investment spending, government spending, and spending on exports minus imports—increase, the aggregate demand curve moves to the right. As these components decrease, the AD curve will turn left again.
What is Shifts in aggregate demand?The aggregate demand/supply model illustrates how total supply and total demand interact at the macroeconomic level as well as what factors affect total supply or total demand for the economy.AD elements can alter as a result of various individual decisions, such as those brought on by changes in consumer or corporate confidence, or political decisions, such as adjustments to government expenditure and taxation.The equilibrium amount of output and price level will increase if the AD curve swings to the right. The equilibrium amount of output and price level will decline if the AD curve changes to the left.The point at which the aggregate demand curve, or AS curve, intersects the AD curve determines whether equilibrium output changes relatively more than price level or whether price level changes relatively more than output.To Learn more About aggregate demand refer to:
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which of the following methods of preparing the statement of cash flows is (are) acceptable under u.s. gaap? (select all that apply.) multiple select question. the direct method the working capital method the indirect method
The methods that are acceptable in GAAP for preparing the statement of cash flows are:
Direct methodindirect methodWhat is GAAP?A group of regularly followed accounting rules and standards for financial reporting is known as generally accepted accounting principles (GAAP or US GAAP).
GAAP is significant since it contributes to preserving market confidence. Investors would be less inclined to believe the information supplied to them by corporations because they would have less faith in the accuracy of it if it weren't for GAAP. Without that trust, fewer transactions might occur, which could result in greater transaction costs and a weaker economy.
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The cost of cleaning up pollution can be measured by all of the following EXCEPT O healthcare costs associated with pollution O hedonic pricing as it relates to areas of pollution O contingent valuation as measured by surveys O market prices and quantity of goods/services produced
The cost of cleaning up pollution can be measured by all of the following market prices and quantity of goods/services produced.
You use the call for formula, Qd = x + yP, to locate the call for line algebraically or on a graph. In this equation, Qd represents the variety of demanded hats, x represents the amount and P represents the charge of hats in dollars.
The amount furnished is the quantity of a great or carrier this is made to be had on the market at a given charge point. In a loose market, better fees generally tend to cause a better amount furnished and vice versa. The amount furnished differs from the whole deliver and is commonly touchy to charge.
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which of the following stages of new product development typically involves specifying the details of each ideas technological feasibility, its cost, how it can be marketed, and its market potential
The step of product innovation known as idea evaluation entails describing the technical viability, cost, marketing potential, and market potential of each proposal in detail.
What, for instance, does feasibility mean?Based on the intricacy of the word, this displays grade level. noun. the potential, ability, or chance of something happening (frequently used adjectivally): The viability of reintroducing rainbow salmon to the creek is being researched by conservationists.
What does "feasibility" in business mean?The extent to which something could be done—and done conveniently—is its feasibility. Convenience in business refers to the price of completing that task, whether those cost can be repaid, and how quickly these costs can be returned after completion. a potentiality analysis is
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effective managers remember that nobody knows the inner detailed workings of a job better than do human resources.
It is false that effective managers remember that nobody knows the inner detailed workings of a job better than do human resources.
The department of a company tasked with discovering, vetting, hiring, or training job seekers is referred to as human resources (HR). Furthermore, it administers benefit plans for staff.
The Human resources is important in centric business in adapting to the rapidly shifting business climate and the rising demand for qualified workers. No matter the size of the company, the Human resources deaprtment is a crucial part of the operation. Its duties includes increasing worker productivity and safeguarding the business from any problems that might arise inside the staff.
Compensation and benefits, recruiting, dismissing, and keeping consistent on any regulations that may affect the business as well as its employees are just an a few human resource's duty.
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in your opinion, does offshoring increase the u.s. unemployment rate more than outsourcing? why or why not?
"Offshoring" is the sourcing of inputs (goods and services) from foreign countries. When the production of these inputs moves to foreign countries, the fear at home is that jobs will be lost and unemployment will rise.
Outsourcing is typically higher for obligations that might be nicely described and can be finished without an excessive amount of interplay with your team or company. Offshoring is better for obligations that require greater communication and collaboration.
The benefits also amplify to nations at the outsourced stop, many of that have grown their economies through U.S. outsourcing. On the opposite, it has harmed employment, elevating the unemployment charge mainly in those hardest-hit sectors: manufacturing.
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Infinity Corporation purchased equipment with a 10-year useful life and zero residual value for $10,000. At the end of the fifth year, the equipment is sold for $6,000. The entry to record this sale will include _____. Assume the straight-line depreciation method is used. Select all that apply and click Submit. a credit to Loss for $1,000 a credit to Gain for $6,000 a debit to Equipment for $6,000 a credit to Equipment for $10,000 a debit to Cash for $6,000 a debit to Accumulated Depreciation for $5,000 a credit to Gain for $1,000
The correct options for the sales of the Infinity Corporation are-
credit to Equipment for $10,000.debit to Cash for $6,000debit to Accumulated Depreciation for $5,000credit to Gain for $1,000.Define the straight-line depreciation method?The simplest way to determine depreciation over time is through straight-line depreciation.
According to this strategy, an asset's value is reduced by the same amount for each year that it is in use. The depreciation approach known as the straight line shows a linear rate of wear and tear. A given asset's annual depreciation is calculated, and the asset is then depreciated by that figure each subsequent year.For the stated question-
Equipment having a 10-year life span and no residual value was purchased for $10,000 by Infinity Corporation. When the fifth year is up, the machinery is auctioned for $6,000.
The given shall be included in the entry to document this transaction.
Credit to Equipment for $10,000Debiting $6,000 from Cashdebit to Accumulated Depreciation for $5,000Credit to Gain for $1,000;To know more about the straight-line depreciation method, here
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Which one of the following best describes a factor in determining the types of investments that an insurer acquires?a. The volume of insurance it writesb. The level of operating expenses it incursc. The nature of the risks that it assumesd. The number of claims it paysc
The nature of the risks that it assumed describes a factor in determining the types of investments that an insurer acquires.
What is investments ?A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilise it as a source of immediate consumption, but rather as a tool for future wealth creation.
Investment plans that offer two benefits are insurance investment plans. A portion of the insurance premium you pay under this plan is invested after a predetermined amount of time. Your investment grows in line with the value of your premium.
An asset or object acquired with the intention of creating income or recognition is referred to as an investment. A purchase of products that are not consumed right away but will be utilised to create wealth down the road is referred to as an investment in an economic outlook.
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in addition to setting the minimum training and education, personal protective clothing and equipment, and the medical and physical requirements for firefighters, all of the following are major categories covered in the nfpa 1500 the standard on fire department occupational safety and health program except
Brush jackets and pants or one-piece jumpsuits, gloves, goggles, footwear, and head and neck protection are major categories covered in the Copa 1500 the standard on fire department occupational safety and health program.
Safety and health programs help corporations: prevent administrative center accidents and ailments. enhance compliance with legal guidelines and policies. lessen expenses, including enormous discounts on people's repayment rates. interact, with employees.
the primary aim of safety and fitness applications is to save you place of job accidents, illnesses, and deaths, in addition to the suffering and monetary difficulty those occasions can purpose for employees, their families, and employers.
A protection application serves to count on, discover, and cast off situations or practices that would result in work-related accidents and illnesses. preferably, the system of growing a place of business protection software will contain personnel in its introduction.
Correcting hazardous acts and risky conditions. making sure that the simplest authorized or adequately educated workers to carry out responsibilities or function equipment. Reporting and investigating all incidents. examining the areas they've to manage over and taking remedial motion to limit or dispose of risks.
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What documents do I need to join bank accounts?.
A valid, government-issued photo ID like a driver's license, passport or state or military ID. A minimum opening deposit of $25 to activate your account.
What is bank accounts?A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial institution.Opening a checking account is a fairly simple process, but you must bring the necessary documentation. Checking accounts are deposit accounts that allow you to keep your money in one place, make withdrawals and transfers, write checks, and pay your bills.You will also be given a debit card by your bank or financial institution so that you can conduct your banking at an ATM. You have a selection of checking account choices if you want to conduct regular financial transactions.After selecting a bank and completing some paperwork, you can depart with an active account. However, because you typically need to provide documentation to prove your identity, the process can become a little more challenging.To learn more about accounts refer :
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worker being fired for actions ranging from filing a workers' compensation claim to reporting safety violations to government agencies is called
A worker being fired for actions ranging from filing a workers' compensation claim to reporting safety violations to government agencies is called retaliatory discharge.
Retaliatory Discharge is a shape of wrongful termination relating to retaliation or revenge in opposition to an employee for an act now not related to their work performance. this can consist of conduct that includes filing a workers comp claim or requesting for legally-required repayment.
Retaliation happens whilst an organization (via a supervisor, supervisor, administrator, or directly) fires a worker or takes another kind of damaging movement against an employee for carrying out a covered pastime. Retaliation is whatever your organization does to punish you for exercising your rights and standing up for yourself. if you have exercised certainly one of your prison rights as an employee, and soon thereafter, your corporation takes a destructive motion against you, that is corporation retaliation.
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john d. rockefeller's standard oil company and trust, which controlled all stages of the production and distribution of petroleum, is an example of
John d. rockefeller's standard oil company and trust, which controlled all stages of the production and distribution of petroleum, is an example of Vertical organisation .
What is meant by vertical organisations?With executives at the top, intermediate managers in the center, and low-level managers and employees at the bottom, vertical organizations are commonly used by companies with a high number of people. You and other senior-level executives make all the important choices in vertical organizations and convey those decisions to midlevel managers. These managers create strategies for putting your decisions into action and disseminate these strategies to the low-level managers in charge of monitoring your employees as they perform their daily duties. This top-down organizational structure includes a clear chain of command and stringent rules on how your employees may make proposals that go to the top of your business.The main benefit of vertical organizations is that every person is aware of and comfortable with their tasks and duties, which can boost output. Employees are frequently motivated by vertical companies to pursue managerial roles, which leads to their putting up more effort to meet performance criteria.Vertical companies' main drawback is that lower-level employees seldom ever communicate or interact with executives. Because there are so many management tiers, decision-making can be cumbersome.To know more about Vertical organisation , visit:
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