The long-term debt-to-assets ratio for 20X2 is d) 9.4%.
What is the debt-to-assets ratio?The long-term debt-to-total-assets ratio is the percentage of the assets of the business owned by its long-term creditors.
The debt-to-total assets ratio measures the company's debt capacity in relation to the percentage contributed by shareholders to the assets.
It is one of the financial leverage ratios.
Phoenix Corporation:
Balance Sheet 20X2 20X1
Accounts receivable $ 267,500 $ 230,000
Inventory 312,500 257,500
Total current assets 670,000 565,000
Intangible assets 50,000 60,000
Total assets 825,000 695,000
Current liabilities 252,500 200,000
Long-term liabilities 77,500 75,000
Income Statement:Sales 1,640,000
Cost of goods sold 982,500
Interest expense 10,000
Income tax expense 77,500
Net income 127,500
Statement of Cash Flows:Cash flow from operations 71,000
Cash flow from investing activities (6,000)
Cash flow from financing activities (62,500)
Tax rate = 30%
20X2:
Long-term debt = $77,500
Total assets = $825,000
Long-term debt-to-assets ratio = 9.4% ($77,500/$825,000 x 100)
Thus, based on the long-term debt-to-assets ratio, we can conclude that long-term creditors contributed 9.4% to the assets of Phoenix Corporation in 20X2.
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TRUE/FALSE. colby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
True. olby company reports net income of $50,000. for the year, depreciation expense is $15,000 and the company reports a gain of $5,000 from sale of machinery. it also had a $3,000 loss from retirement of notes. as a result, cash flows provided by operating activities for the year using the indirect method is $63,000.
What is meant by net income?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.
Net income is the entire amount of money that a person or company made over a specific time period after deducting taxes, costs, and interest. A company's net income, often known as "net profit," "net earnings," or simply "profit," gauges its profitability.
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professor peglers research efforts focus on how the use of heuristics influences the way people assess financial risks
The focus of Professor Pegler's study is on how heuristic use affects how people evaluate financial risks. his studies best illustrate cognitive psychology
A heuristic is a mental shortcut used by people to make judgements quickly and effectively in psychology. In this situation, how you feel in response to a particular stimulus affects the choices you make.
Cognitive psychology is a branch of psychology that focuses on how people think.
The cognitive approach to psychology focuses on the interactions between thinking, emotion, creativity, and problem-solving abilities to impact how and why you think the way you do.
In the discipline of behavioural finance, heuristics and biases have been the subject of extensive investigation.
However, most studies only look at the effects of heuristics and biases in a lab setting, thus they neglect to take into account the fact that financial decisions are likely to be made somewhat differently in a lab setting than in the real world.
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A life insurance policy which contains cash values that vary according to its investment performance of stocks is called
A) Increasing Term Life
B) Modified Whole Life
C) Variable Whole Life
D) Adjustable Whole Life
Variable whole life (C) refers to a life insurance policy with cash values that change based on stock investment performance.
What investment means?Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time. The most crucial aspect of effective investing is how long your money stays invested.
Why is investment important in the future?A method to put your money to work for you is by investing. Basically, it's a strategy to make the most of your financial resources. Basically, investing is putting your money in a position where it will grow in value over time. Basically, it's a strategy to make the most of your financial resources. Putting money into yourself will increase your self-esteem and confidence in your own abilities. By concentrating on your own development, you will learn more about yourself and acquire new skills.
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jackson opened a furniture store as a sole proprietor. during the recession, business declined and he was not able to pay his suppliers and creditors. due to unilimited liability
Property can be used as desired by both private individuals and businesses because: - the entitlement to private property.
Which one of the following qualities is considered essential for something to function as money?Durability, portability, uniformity, divisibility, limited supply, and acceptability are characteristics of money.
What kind of monetary framework is old strategies are utilized in choosing what products to create?In a command economy, the goals of a ruler or ruling class are the focus of economic activity. One good example is ancient Egypt: a huge piece of monetary life was dedicated to building pyramids (like the one at the left), for the pharaohs.
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Destiny has three employees whose work habits she struggles to understand. Spencer likes to come in at noon and work until late in the evening. Lydia comes in early, creates a task list for the day, and only works on what is on the list. Miranda flits in and out of others' cubicles, and seems to always be off task, but when asked for a report, she has it handy. By applying the behavioral viewpoint, Destiny will be better able to Multiple Choice create, acquire, and transfer knowledge keep employees focused on achieving goals. make continuous improvements. create cross-functional synergy
Three of Destiny's employees have work habits that she finds difficult to comprehend. Lydia arrives early, makes a list of the day's tasks, and only works that day.
What exactly do you mean by accomplishing goals?When you succeed in carrying out or causing to occur a specific purpose or outcome, it is usually only after much effort.
Why is it important to achieve a goal?image outcome
We can advance in life by setting goals. Goals provide us with a path to follow. Even if we fall short, having goals helps us hold ourselves accountable. We are able to clarify what we genuinely desire in life when we set objectives and strive toward achieving them.
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which of the following terms deals primarily with the tendency of non-media companies to buy smaller media outlets?
Conglomeration is the term that deals primarily with the tendency of non- media companies to buy smaller media outlet.
Conglomeration is the term used to describe the method by which a conglomerate is formed, such as when a parent corporation starts to buy out subsidiaries.
A new firm created by conglomeration is frequently a huge, international, multi-industry corporation.
A corporation can diversify its revenue sources through it, which also lowers market risk and the likelihood of takeover.
Conglomerates can cause weaknesses in the parent firm if they are poorly managed because they are distributed too thinly among too many subsidiaries.
Through mergers and acquisitions, conglomerates are formed.
Companies can pay for mergers and acquisitions with cash, by purchasing shares of stock, or by using a combination of the two.
Question
which of the following terms deals primarily with the tendency of non-media companies to buy smaller media outlets?
option
a) Hypercommercialism.
b) Globalization.
c) Conglomeration
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the cost of producing one more unit of a good or service the situation where an additional unit of a good or service costs the same as each of the former units
The total cost a business incurs to produce one unit of output, assuming that cost does not change, is referred to as the constant marginal cost. Because cost is the same for each and every unit produced, it is seen as a constant.
Make a marginal cost (MC) curve by plotting the expenses related to the different outputs you identified from the previous lesson. Plot the total product along the horizontal axis and the MC along the vertical axis. You can connect the points given that the sites you found do not entirely encompass all MC and TP combinations.
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Vandenheuvel Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 2.4 Wait time 18.2 Queue time 6.8 Process time 1.8
Inspection time 0.3 The manufacturing cycle efficiency (MCE) was closest to: a. 0.06 b. 0.18 c. 0.62 d. 0.16
The correct Manufacturing cycle efficiency is d. 0.16
The Manufacturing cycle efficiency is the percentage of the time spent in producing quality products.
How to calculate Manufacturing Cycle Efficiency?
The Manufacturing cycle efficiency (MCE) is calculated as-
MCE = Process time/ Manufacturing Cycle time(process time + Inspection time+ move time+ Queue time)
MCE= 1.8/(1.8+0.3+2.4+6.8)
MCE=1.8/11.3
MCE= 0.15929
MCE=0.16(Approx)
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When the market rate is 10%, a company issues $60,000 of 12%, 10-year bonds dated January 1, 2017, that mature on December 31, 2026, and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a (debit/credit) Credit to Cash in the amount of $5000.
The bonds mature, the issuer records its payment of principal with a (debit/credit) Credit to Cash is $60,000
Given:-10% of market rate
$60k in face value equals $60k in principal.
Because the bondholder will pay the principal and interest, the issuer records its payment of principal with credit to cash in the amount of $60,000 when the bonds mature.
Therefore,
Because there is an additional interest amount that must be paid, the bondholder will pay the $60,000 issued amount as principle.
Because it matures on the day when the cash is paid, it qualifies as credit.
Is that a credit or a debit account for bonds payable?When it comes time to redeem the bonds, all premiums and discounts should have been amortized, so the entry is simply a debit to the bonds payable account and a debit from the cash account.
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which of the following represents the real flow of cash that a firm could pay out without impairing its productive capacity? multiple choice question. profits economic earnings accounting earnings gaap earnings
Economic Earnings represents the real flow of cash that a firm could pay out without impairing its productive capacity.
What does Real flow mean?
Next Limit Technologies created Real Flow, a fluid and dynamics simulation software. It is used to simulate a wide range of physical phenomena, including fluid, smoke, spray, and granular materials, as well as rigid and soft body dynamics. Its powerful hybrid solver, which combines particle-based and grid-based approaches, can simulate a wide range of real-world scenarios.
What does Economic Earnings means?
Economic earnings is an accounting term that refers to a company's total profits after deducting all costs, expenses, and taxes. It is the amount of money a company has left over after all costs and expenses have been paid. It is also known as "economic profit" or "net economic income." Economic earnings are important for assessing a company's overall financial performance.
Therefore the correct option is Economic earnings.
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a local business that hires a sign holder to stand on the sidewalk, trying to catch the attention of passersby by promoting a special marketing event, is using .
A local business that hires a sign holder to stand on the sidewalk, trying to catch the attention of passer by promoting a special marketing event, is using guerrilla marketing.
What is Guerrilla marketing?
Guerrilla marketing is the employment of creative, unorthodox strategies to increase sales or spark interest in a product or company. These techniques frequently entail low- or no-cost usage of more casual contacts or through viral social media messaging.
What makes guerrilla marketing so effective?
Campaigns that use Guerilla marketing are distinctive, out-of-the-box, and have a history of influencing consumers. Customers who experience a successful campaign are left amazed, intrigued, and curious about the product and/or service. This marketing tactic aids in increasing brand memory.
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An offer:A) cannot be modified or revoked before acceptance and generally includesadvertisements and price lists.B) may be made by either a buyer or a seller.C) generally includes advertisements and price lists.D) may be made by either a buyer or a seller and generally includes advertisementsand price lists.E) cannot be modified or revoked before acceptance.
An offer is option B) may be made by either a buyer or a seller.
How can an offer be made?The offeror is the one who rejects the offer. The offeree is the individual to whom the offer is made. The person to whom the offer was made must accept the terms in their whole and without modification. agreements that impose duties on two or more parties.
An offer must be communicated to the offeree and may be made verbally, in writing, physically, to a specific individual or group of people, or to the entire world.
Therefore, one can say that offer by one party, an acceptance by another, and the exchange of consideration are necessary elements of a contract (something of value). An offer is made when a party suggests the terms of an agreement.
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Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer) O A stock dividend commonly indicates management's confidence that the company doing well O A stock dividend increases the number of outstanding shares O A stock dividend increases the number of authorized shares O Stock dividends are a mechanism to keep the market price of stock affordable On January 15, the end of the first pay period of the year, North Company's employees earned $48,000 of sales salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, $3,100 of federal income taxes. 1,037 of medical insurance deductions, and $130 of union dues. No employee earned more than $7,000 in this first period Prepare the journal entry to record North Company's January 15 salaries expense and related liabilities View transaction list Journal entry worksheet 1 Record the employee payroll for period. Note: Enter debits before credits General Journal Debit Credit Date Jan 15 Record entry Clear entry View general journal
The correct option is option A and B .a) A stock dividend commonly indicates management's confidence that the company doing well b) A stock dividend increases the number of outstanding shares
Salary Expense 48,000 FICA Social Security Tax 2,976 FICA Medicare Tax 698 Federal Income Tax 3,100 Medical Insurance Deductions 1,037 Union Dues 130 Cash 42,059 Total 48,000 Total 48,000.
Tax relief or tax cuts offered by the government, "tax deduction" and "tax exemption," both refer to a reduction in taxable income. Tax exemptions, however, can also include reduced rates, no taxes at all, and simply a portion of your income being taxed.
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In the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers. a. True b. False.
It is true, that in the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers.
By maintaining low costs and a wide selection of high-quality goods and services, it helps customers. Our economy operates due to competition. The Federal Trade Commission works to keep our markets open and free by enforcing antitrust laws.
A strong market economy is essential to the success of the American economy. Economic fundamentals show that when businesses must compete for customers, the result is cheaper pricing, better goods and services, more variety, and more innovation.
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The vast majority of archaeological sites that are found during survey in advance of construction in the United Statesanswer choicesdo not meet the criteria to be considered significant and are recorded and destroyedare major archaeological sites that require full excavationare automatically destroyed and not recordedcause construction plans to be abandonednone of the choices
The vast majority of archaeological sites that are found during survey in advance of construction in the United States do not meet the criteria to be considered significant and are recorded and destroy.
The archaeological refers to the study about finding the evidence of the past human-being life with the help of the remaining materials and examination the finding evidences or materials like building, tools etc.
The archaeological sites that are found during survey in advance of construction in the United States large areas were in the survey which include the living place, agricultural place etc.
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which of the following is classified as investment in national income (gdp) accounting? group of answer choices building a new factory buying a 10-year-old home depositing money in a bank purchasing corporate stocks and bonds
The output of an economy is measured by its Gross Domestic Product. National income accounting is a term used to describe the calculations. C + I + G + (X-M) is the expenditure method's formula for GDP.
A. constructing a brand-new factory is the best response.
What does the term "gross domestic product" mean?For instance, Country B's GDP would be $35 if it produced five bananas worth $1 each and five backrubs worth $6 each in a single year. Country B's GDP would be $40 if the price of bananas increased to $2 the following year while production remained constant.
How is GDP determined?GDP is the sum of private consumption, gross private investment, government spending, and investment (exports minus imports). The country's national statistical agency typically uses an international standard to calculate GDP.
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g changes in prices of a good causes movement along the demand curve. movement along the supply curve. no movement along either curve. both a and b.
The changes in prices of a good causes movement along the demand curve. According to the economics, the variation of change price with the demand curve.
The demand curve is the graphical representation between the demand of the commodity and the amount of price, and also with supply curve, quantity of products.
The demand curve represents the increasing products demand with the changes in prices curve with remain all the constant same.
The demand curve, when the prices change is along the quantity demand curve. The demand curve will be upward and downward with respect to other factors.
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other things equal, firms will produce and offer for sale ___ of their product at a high price than at a low price.
Other thins equal, firms will produce and offer for sale increases of their product at a high price than at a low price.
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
According to the rule of supply, suppliers will try to maximize their earnings when the price of an item rises by offering more products for sale.
According to the law of supply, manufacturers will increase their supply to the market if the price is higher.
Businesses produce more of a good or service when they anticipate paying a greater price for it because they want to boost their revenue.
In the meanwhile, suppliers are discouraged from manufacturing as much if prices drop.
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betty, an american, works for a knitwear company in new jersey. her manager, ruth, sends her on an overseas assignment to handle operations at the company's newly acquired plant in japan. which of the following, if true, could have most likely led to betty being chosen for the assignment?
Being ahead of the pack and accomplishing goals are more important to Nate.
Why is achieving goals so important?By making goals, we may go forward in life. Our goals provide us a direction to travel in. Setting goals enables us to keep ourselves accountable, even when we fail. When we make goals and work to achieve them, we are able to identify what it is that we truly want in life.
Why is it important to set goals and objectives before hand?Setting goals makes it necessary for you to plan ahead, which enables you to create an action plan. Even if things don't turn out exactly the way you expected, it's still okay because you can look back, make changes to your plans, and then drive your life toward your objective. Understand that everything is created twice—once in the mind and again in the physical universe.
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This year Andrews achieved an ROE of 12.2%. Suppose the Board of Directors of Andrews mandates that management take measures to increase financial leverage (=Assets/Equity) next year. Assuming Sales, Profits, and Assets remain the same next year, what effect would you expect this new leverage policy will have on Andrews ROE?-Andrews ROE will decrease.-Andrews ROE will remain the same.-Andrews ROE will increase.
Assuming Sales, Profits, and Assets stay the equal subsequent year, this new leverage coverage can have on Andrews ROE -Andrews ROE will decrease.
The required details about Leverage is mentioned in below paragraph.
Leverage refers to using debt (borrowed funds) to enlarge returns from an funding or project.
Investors use leverage to multiply their shopping for strength withinside the market.
Companies use leverage to finance their belongings—rather than issuing inventory to elevate capital, organizations can use debt to spend money on commercial enterprise operations in an try to growth shareholder value.
There is a variety of economic leverage ratios to gauge how unstable a company's role is, with the maximum not unusualplace being debt-to-belongings and debt-to-equity.
Misuse of leverage can also additionally have extreme consequences, as there are a few that agree with it performed a component withinside the 2008 Global Financial Crisis.
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Experian, Equifax, and Transunion are all types of ______ companies.
security
stock exchange
financial planning
credit reporting
Experian, Equifax, and Transunion are all types of credit reporting companies.
Firms that gather and sell credit reports are known as credit reporting companies, commonly referred to as credit bureaus or consumer reporting agencies. Companies that collect credit account information on your borrowing and repayment history do so in the following ways:
the loan's initial principal sumA credit card's credit limitA credit card or other loan's outstanding balanceThe account's payment status, including whether you have timely repaid your loansproducts sent for collectionjudgments and bankruptcies are examples of public records.Thousands of lenders across the nation, public documents like bankruptcies, garnishments, liens, and other judgments, and collections agencies that offer information on past-due accounts are just a few of the sources that credit reporting bureaus might use to acquire information.
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253.The zero coupon bonds of Markco, Inc. have a market price of $394.47, a face value of$1,000, and a yield to maturity of 6.87%. How many years is it until this bond matures?A.7 years B.10 years C.14 years D.18 years E.21 years
It is A. 7 years until this bond matures.
Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.
Companies, municipalities, states, and sovereign governments utilize bonds to finance operations and initiatives. Bondholders are the issuer's debtors or creditors.
Use the following formula to calculate the number of years until this bond matures:
n = (1 + yield to maturity) / (-ln(market price/face value))
When you enter the values from the question, you get:
n = (-ln(394.47/1000)) / ln(1 + 0.0687)
That amounts to
n = (-ln(0.39447)) / ln (1.0687)
which is roughly equivalent to:
n = 7.0 years
The answer is therefore A: 7 years.
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Company A has a profit margin of 12% and investment turnover of 32. Company B has a profit margin of 15% and Investment turnover of 24. Company __ has a better return on investment
Company A has a better return on investment. Company A's Investment turnover is more than Company B's Investment turnover .
What do the terms profit and revenue mean in ROI calculations?
Margin is net operating income divided by sales and is typically improved by increasing selling prices, reducing operating costs, or increasing unit sales. Revenue is revenue divided by average business assets.
What is revenue and how is it calculated?To calculate the company's annual sales, simply add up the total sales. If a company sells products, annual sales refer to the total number of sales of the products sold. If a company sells services, revenue is the sum billed for those services.
What is Margin Impact Ratio?Margin impact can be identified by comparing current profit margins after the change to future conditions. A simple example looks like this: If a company decides to change its price and volume combination, it must first calculate the new total cost.
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"Dean Company uses the retail inventory method to estimate its inventory for interim statement purposes: Data relating to the computation of the inventory at July 31,,20X7 , are as follows: Cost Retall Inventory, 1/1[X7 P 180,Q0Q P 250,000 Purchases 1,020,000 1,575,000 Markups, net 175,000 Sales 1,705,000 Estimated normal shoplifting losses 20,000 Markdown, net 125,000 Under the average cost retail method, Dean's estimated inventory at July 31, 20X7 is P90,000 P96,000 P102,000 P150,000"
An essential tool for managing the finances is a cash-flow statement.
What precisely do business purchases entail?In accounting, the word "purchase" describes obtaining property of a particular item or service without paying a specific sum of money. On the other hand, it happens when cash is exchanged for a specific good or service. The practice is frequently carried out by people or businesses that require goods or services.
What are expenditures and purchases?Unit 16. Terms like "costs," "purchases," and "expenses" are frequently used when referring to financial statement and other financial topics. They frequently refer to the same thing, payments made by the company in exchange for goods or services.
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T/F. the alert roster must be tested more frequently than other components of a disaster recovery plan because it is subject to continual change due to employee turnover.
The alert roster must be tested more frequently than other components of a disaster recovery plan because it is subject to continual change due to employee turnover is true.
What does alert stand for?Assure, Look, Employees, Reports, and Threat are all abbreviated as ALERT. It is connected to five questions that aim to increase knowledge of crucial food defense issues in the food industry, such as reporting suspicious behavior and product security.
A company's alert roster is a document that lists the people who should be notified when an issue happens. Sequential and hierarchical alert rosters are available. The sequential roster serves as an illustration of how one person can call everyone else on the roster.
Therefore, a formal document called a disaster recovery plan (DR plan) is produced by an organization and offers comprehensive guidelines on how to handle unanticipated events like natural disasters, power outages, and cyberattacks.
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Based on the internal team role assignments you anticipate making for your project, which roles might need to be filled by the vendor?
Project completion, which occurs in the last stage of a project's life cycle, is all about bringing a project to a successful conclusion.
Contract Closure:Contracts expire at the same time that projects do. The completion and settlement of the provisions of the contracts granted for the project is known as contract closure. Because the contract closing process evaluates whether the work outlined in the contracts was carried out precisely and successfully, it aids in the project completion process.
Releasing the Project Team:The procedure of releasing project team members is not a formal one. It should be noted, though, that when the project is over, you will release the members of your project team, who will then either report back to their functional supervisors or be given a new project to work on. As the project nears completion, you should contact their supervisors or other project managers so that they have enough time to prepare for their workers' return.
Final Payments:Typically, the final payment exceeds a basic proportion of the work still to be done. The final payment should be sufficient to encourage the vendor to give the project high priority so that it may be finished on schedule since finishing the project can include addressing the most challenging problems that are disproportionately expensive to solve.
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#SPJ1Due to the large number of products that they are responsible for selling, wholesalers' order takers should focus on ______. (Check all that apply.)
Wholesalers' order takers should focus on placing orders, confirming that orders have been filled on time, and maintaining close contact with customers.
Who are a retailer and a wholesaler?Retailers sell products directly to end users, generally in limited quantities, to highlight the main differences. Wholesalers, on the other hand, sell products to other retail business owners and individuals who, in turn, sell the products to the final consumer.
What do you mean by wholesaling?Purchasing items in bulk at a reduced cost from a manufacturer and selling them to a retailer at a higher price for them to repackage and then sell to customers in smaller quantities at an even higher price is known as wholesaling.
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To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need only state which of the following with respect the goods to be sold?
A. Price
B. Quality
C. Delivery Date
D. Payment method
E. Quantity
The contract or memorandum need only state which of the following with respect the goods to be sold.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
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To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.Hence Option (B) is correct.
What is memorandum?A memorandum (also referred to as a memo) is a short document used to communicate information within an organization. A memo is most commonly used to communicate information that affects multiple people or departments within an organization. It is typically used in a business setting to convey decisions, policies, or procedures that must be acknowledged. Memos are typically written in a formal, professional tone, and should include the purpose of the memo, any necessary details, and the desired outcome or action that needs to be taken. Memos are often sent to groups of people, but can also be sent directly to an individual. Memos are used to quickly and efficiently share information, often with the goal of ensuring the organization is running smoothly.
The contract or memorandum need only state the quantity, price, and delivery date of the goods to be sold in order to satisfy UCC Section 2-201. Quality and payment method may also be included, but are not required by the UCC. The quantity, price, and delivery date are the essential elements of a contract for the sale of goods, and thus must be included in the contract or memorandum to satisfy the UCC.
To satisfy Uniform Commercial Code (UCC) Section 2-201, the contract or memorandum need to state the Quantity of goods to be sold.
The contract is enforceable only to the extent of quantity of goods as mentioned in the contract.
Section 2-201 did not mention anything specifically with regard to the price, quality, delivery date, payment method etc.
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Companies perform aggregation along the three dimensions of:
A) products, labor, customers.
B) time, suppliers, services.
C) products / services, labor, time.
D) time, products, customers.
Option C is correct , products / services, labor, time are the three dimensions along which companies perform aggregation.
What is Aggregate Planning?Aggregate planning is a technique for creating a comprehensive manufacturing plan that guarantees continuous production at a facility. Typically, a 3- to 18-month time frame is used for aggregate production planning. Aggregate planning includes not just individual production runs or the creation of individual goods, but all production operations at a facility (or for large businesses, across numerous facilities). As a result, despite large variations in demand for individual items brought on by adjustments in client orders, supply chain dynamics, and other factors, aggregate production planning aids producers in maximizing resource usage. Aggregate planning is a feature of an advanced planning and scheduling (APS) system that firms who use digital systems in a manufacturing operations management (MOM) ecosystem can use.
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You have decided to pursue a career in nursing. You are willing to relocate
based on salary differences. The states you are willing to relocate to have the
following average hourly wages: NY = $35.55, MA = $32.37, CA = $36.54, and FL
$44.57. What is the mean salary for these options?
Answer:
Explanation:
Step 1: Add up all numbers
35.55 + 32.37 + 36.54 + 44.57 = 149.03
Step 2: Divide by total of numbers
149.03 divided by 4 = 37.2575 = 37.26
Answer is: 37.26
