Businesses typically have three levels of management: upper, middle, and lower.
Upper management consists of the executives and board members who are responsible for making decisions that affect the entire organization.
The managers of departments, divisions, and teams who are in charge of carrying out decisions on a daily basis are referred to as middle management.
Supervisors and team leaders make up lower management; they are in charge of guiding employees' activities. Different duties, responsibilities, and levels of authority are associated with each level of management.
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Team operating principles are sometimes included in a project charter to enhance team functioning. Which of the following statements accurately describes the value of establishing team operating principles?
A. Operating principle that address the conduct of meeting and how decision are made are especially useful in helping the team get off a good star.
B. Operating principle typically detail the specific work that each team member will perform and ensure a more complete understanding of the project.
C. Operating principle identify the rule along with the punishments to be administrated when the rule are broken.
D. Operating principle are especially helpful for a routine project where participants have worked together before.
Operating principle that address the conduct of meeting and how decisions are made are especially useful in helping the team get off to a good start accurately describes the value of establishing team operating principles. The correct answer is is option a.
What are Team Operating Principles?The team operating principles are the standards, expectations, and behaviors that team members agree to use when interacting with one another. Establishing team operating principles provides a guide to help team members interact in a manner that promotes respect, cooperation, and the pursuit of common goals. As a result, the establishment of operating principles improves the effectiveness of the team. This improves the team's ability to achieve its objectives while reducing the potential for misunderstandings and conflicts between team members. Operating principles that address the conduct of meetings and how decisions are made are particularly useful in assisting the team in getting off to a good start. Team members must understand how they will operate and interact with one another, and establishing operating principles will help to accomplish this .In this manner, establishing team operating principles is particularly useful in enhancing team functioning.
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The goods delivered by the seller (Haigel) must select answer Unforeseen circumstances select answer result in an exception to this rule. The occurrence of the avian sickness select answer an unforeseen circumstance. The unforeseen circumstance may excuse performance under the doctrine of select answer Either party to a contract has a right to demand select answer performancet if there is reasonable belief that the other party may not perform. A loss of fifty percent of the chicken flock select answer create a reasonable belief in the ability of Haigel to perform. If Arwen's demand is reasonable, then Arwen select answer suspend performance until it is received. v LIITTI Percorrure reasonable belief in the ability of Haigel to perform. If Arwen's demand is reasonable, then Arwen select answer suspend performance until it is received. Typically, if Haigel fails to respond to Arwen's demand, a court likely select answer consider Haigel in breach of contract. In this situation, however, the unforeseen disease select answer excuse Haigel's performance under the legal doctrine of select answer Assume that Haigel's chickens remained healthy but instead, Arwen's non-binding letter of intent with its buyer did not result in a contract. Arwen lost the ability to resell all of the eggs it had contracted to purchase from Haigel. Arwen claimed that a change in circumstances made it impossible to perform and refused to accept any more eggs from Haigel. The loss of Arwen's customer to purchase the eggs select answer a change in expectations from the time the Haigel/Arwen contract was signed. This change of circumstances select answer make it harder for Arwen to perform. A change in circumstances that is reasonably unforeseen by both parties when a contract is made, and that makes it extremely difficult for a party to perform, may result in select answer At the time of the contract, Arwen had a select answer with its customer. In this situation, the change in circumstances was created by select answer . Because this failure likely select answer foreseeable, Arwen select answer use the concept of commercial impracticability to excuse performance.
Unless unavoidable circumstances warrant an exemption, the buyer (Arwen) shall accept the items delivered by the seller (Haigel). The development of the avian flu is an unforeseeable event, and as such, performance may be excused under the doctrine of impracticability or purpose frustration.
A plausible assumption that Haigel is unable to perform may be made if half the flock of chickens were lost. Arwen may halt performance pending receipt of a reasonable demand if one is made. Normally, if Haigel doesn't comply with Arwen's request, a court will probably find that Haigel is in breach of the agreement. But, in this case, the unanticipated illness might qualify Haigel's performance for a legal defence based on impracticability or purpose frustration.
Assuming that Arwen's non-binding letter of intent with the buyer did not result in a contract and that Haigel's hens were still healthy. All of the eggs that Arwen had agreed to buy from Haigel were no longer available for resale. Arwen declined to receive any more eggs from Haigel, claiming that a change in circumstances made it impossible for her to perform.
The loss of Arwen's egg customer represented a shift in expectations since the contract between Haigel and Arwen was inked. Arwen would find it tougher to perform in this new situation. A change in circumstances that both parties could have reasonably foreseen at the time the agreement was made and that makes it highly challenging for one party to fulfil its obligations may give rise to impracticability. or Frustration of Purpose.
At the time of the contract, Arwen had a Letter of Intent with its customer. In this situation, the change in circumstances was created by the customer's failure to enter a binding contract with Arwen. Because this failure was likely foreseeable, Arwen could not use the concept of commercial impracticability to excuse performance.
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Met Below is a set of projects aimed at cleaning up a city's recreational areas. Determine whether the city should undertake the cleanup effort. Assume the city hasenoughmoney in its budget to undertake all projects. Project North Park Upper River Beach South Shore Green Creek Marginal Cost $21,000 4,000 18,000 1.100 Marginal Benefit $19,000 9,000 26,000 Clean Up? Click to select) v Click to select) Click to select) Click to select) V 0.12 polnts Print
As per the given scenario, we can conclude the following: Project North Park Upper River Beach South Shore Green Creek Marginal Cost $21,000 4,000 18,000 1.100 Marginal Benefit $19,000 9,000 26,000. The city should not undertake the clean-up efforts.
Let's discuss the above table to know why the city should not undertake the cleanup effort:
Project: North Park
Marginal Cost: $21,000
Marginal Benefit: $19,000
Here, the marginal cost of cleaning North Park is more than its marginal benefit. So, the city should not undertake the cleaning of North Park.
Project: Upper River
Marginal Cost: $4,000
Marginal Benefit: $9,000
Here, the marginal benefit of cleaning the Upper River is more than its marginal cost. So, the city should undertake the cleaning of the Upper River.
Project: Beach South Shore
Marginal Cost: $18,000
Marginal Benefit: $26,000
Here, the marginal benefit of cleaning Beach South Shore is more than its marginal cost. So, the city should undertake the cleaning of Beach South Shore.
Project: Green Creek
Marginal Cost: $1,100
Marginal Benefit: There is no information given about marginal benefit. So, we cannot decide whether to undertake the cleaning of Green Creek or not.
So, the city should undertake the cleaning of the Upper River and Beach South Shore only. Hence, the correct answer is not to undertake the cleanup effort.
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Assunve that barber shops operate in perfectly competh product and factor markets. Which of the follow g will happen to working barbers if the price of haireus decreases? (A) The marginal pre uct of the last barber hired (B) The marginal product ,the last barber hired (C) The marginal revenue produc curve will shift (D) The marginal revenue product cur will shift (E) There will be a movement upward along will not change. will decrease. to the right. to the left. the marginal revenue curve.
The answer is option C. The marginal revenue product (MRP) curve represents the additional revenue generated by each additional unit of input used, all other things being equal.
Assuming that barber shops operate in perfectly competitive product and factor markets, if the price of haircuts decreases, the marginal revenue product curve will shift. It indicates how much the firm should pay for the input in order to maximize profits. The marginal product of labor (MPL) is the increase in output that results from an additional unit of labor. When MPL > W/P, the firm hires more workers.
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Oceanic Pacific fleet has just decided to use a pole-and-line method of fishing instead of gill netting to catch tuna. The latter method involves the use of miles of nets strung out across the ocean and therefore entraps other sea creatures besides tuna (e.g., porpoises, sea turtles). Concern for endangered species was one reason for this decision, but perhaps more important was the fact that the major tuna canneries in the United States will no longer accept tuna caught by gill netting. Oceanic Pacific decided to conduct a series of experiments to determine the amount of tuna that could be caught with different crew sizes. The results of these experiments follow.
Number of Fishermen Daily Tuna Catch (lb)
0 0
1 50
2 110
3 300
4 450
5 590
6 665
7 700
8 725
9 710
Suppose the market price of tuna is $3.50/pound. How many fishermen should the company use if the daily wage rate is $100?
The company should use four fishermen as this is where the profit is the highest. Therefore, it can earn a profit of $200 per day by using four fishermen.
Pole-and-line fishing is a method of catching fish where a fishing line is attached to a long, flexible pole.
Fishermen use their hands to bait the hook and cast the line into the ocean from the deck of the boat.
Tuna is a species of fish that is often caught using this technique.
The daily catch of tuna with respect to the number of fishermen is given in the following table:
Number of Fishermen Daily Tuna Catch (lb)0 01 502 1103 3004 4505 5906 6657 7008 7259 710
The profit is calculated as follows:
Profit = Revenue - Cost of production
We can calculate the revenue by multiplying the daily catch with the market price of tuna: $3.50 x Daily Tuna CatchThe cost of production will be the total wage paid to the fishermen (daily wage rate * the number of fishermen):
$100 x Number of Fishermen
So,Profit = $3.50 x Daily Tuna Catch - $100 x Number of Fishermen
Now, we need to find out the profit for different numbers of fishermen:
Number of Fishermen Daily Tuna Catch (lb) Profit0 0 -$1001 50 -$50.002 110 $40.003 300 $100.004 450 $200.005 590 $270.006 665 $190.007 700 $100.008 725 $75.009 710 -$190.00
The company should use four fishermen as this is where the profit is the highest. Therefore, it can earn a profit of $200 per day by using four fishermen.
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a firm's stock is currently selling for $25 per share, the annual dividend is $1.00, and expected earnings are $5.00 per share. what is the firm's dividend payout ratio?
The annual dividend is $1.00, and expected earnings are $5.00 per share. Dividend payout ratio is defined as the fraction of earnings that a corporation pays to its shareholders in the form of dividends.
The formula for calculating the dividend payout ratio is as follows:
Dividend Payout Ratio = (Dividend per share / Earnings per share) x 100
Given that the firm's stock is currently selling for $25 per share, the annual dividend is $1.00, and expected earnings are $5.00 per share.
The dividend payout ratio = (Dividend per share / Earnings per share) x 100
DPR = (1.00/5.00) × 100
DPR = 0.2 × 100
DPR = 20%
Therefore, the firm's dividend payout ratio is 20%. It shows the percentage of earnings that a company pays out to shareholders in the form of dividends. In this case, the dividend payout ratio of the firm is 20%, which means that it pays out 20% of its earnings in the form of dividends.
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Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date Cash Register Tape Cash Count March 3 $1,495.89 $1,601.89 4 1,878.55 1,986.55 5 741.76 843.76 6 1,646.62 1,744.62 7 1,714.13 1,814.13 When required, enter amounts in dollars and cents.
Cash Short and Over 1. What is the amount of cash sales for the week? 2. What is the balance in the cash short and over account?
3. Does the balance in the cash short and over account represent a shortage or overage? 4. How much cash was deposited?
Total cash sales for the week were $7,477,952. The total balance in the cash short and over account is -$1,014,003.
The amount of cash sales for the week can be calculated by adding up the amounts on the cash register tape for each day. This would be: $1,495.89 + $1,878.55 + $741.76 + $1,646.62 + $1,714.13 = $7,477.952.
To find the balance in the cash short and over account, you need to first add up the cash count and subtract it from the cash register tape for each day. Then, you need to subtract the change fund from this total. This would look like:
Day 1: $1,495.89 - $1,601.89 - $100 = -$206.00Day 2: $1,878.55 - $1,986.55 - $100 = -$208.00Day 3: $741.76 - $843.76 - $100 = -$202.00Day 4: $1,646.62 - $1,744.62 - $100 = -$198.00Day 5: $1,714.13 - $1,814.13 - $100 = -$200.00.The total balance in the cash short and over account is therefore: -$206.00 - $208.00 - $202.00 - $198.00 - $200.00 = -$1,014.003.
The balance in the cash short and over account represents a shortage because it is negative.
To find the amount of cash that was deposited, you need to add up the cash count for each day and subtract the change fund. This would be: $1,601.89 + $1,986.55 + $843.76 + $1,744.62 + $1,814.13 - $100 = $7,791.85. Therefore, the amount of cash that was deposited is $7,791.85.
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Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages.
Which of the following is a disadvantage of decentralized systems?
-It is the most expensive option as it involves higher maintenance costs.
-Since each location has its own system, there is an increase in security risk as more systems must be protected and monitored.
- The risk of business disruption is greater because any disruption impacts the entire system.
-It is more difficult to implement as it is the most complex of the three.
The disadvantage of decentralized systems is: Since each location has its own system, there is an increase in security risk as more systems must be protected and monitored.
A decentralized system is a computer network that enables the sharing of information across a network of computers. In such a network, every node or computer is responsible for its own processing and data storage.
It enables the sharing of data between various parties in a manner that does not require a central authority. A decentralized system provides several benefits such as increased efficiency, reduced costs, and increased innovation.
However, there are also some disadvantages to using a decentralized system. One disadvantage is that there is an increased risk of security breaches since more systems must be protected and monitored.
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Which of the following is true about Maven?
- Maven is a project management and comprehension tool.
- Maven provides developers a complete build lifecycle framework.
- Both of the above.
- None of the above.
Maven is a project management and comprehension tool that provides developers a complete build lifecycle framework. Therefore, the correct option is "Both of the above.
"Maven: Maven is a project management and comprehension tool. Maven is built with Java, and it was created by Apache Software Foundation. Maven's key feature is the POM (Project Object Model). It's a metadata file for projects that specifies how they are constructed, their dependencies, and how they are to be constructed. Maven's central function is to construct projects by compiling source code, generating binary archives, and running unit tests, among other things.Maven provides developers a complete build lifecycle framework that includes project development, document creation, testing, and deployment. This framework includes a set of plug-ins that provide preconfigured scripts for different phases of the development lifecycle. The POM (Project Object Model) specifies the plug-ins to be used at each phase of the lifecycle.The correct option is "Both of the above." Maven is a project management and comprehension tool that provides developers with a complete build lifecycle framework.
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Which of the following may the president do to control the implementation of a policy agenda?
A The president can veto particular items or language in a bill he disagrees with while enacting the remainder of the bill
B The president can veto a congressional bill that has passed the House and the Senate
C The president can refuse to spend money that Congress appropriated
D The president can impeach selected members of Congress
Which of the following may the president do to control the implementation of a policy agenda?
A The president can veto particular items or language in a bill he disagrees with while enacting the remainder of the bill
B The president can veto a congressional bill that has passed the House and the Senate
C The president can refuse to spend money that Congress appropriated
D The president can impeach selected members of Congress
The president can refuse to spend money that Congress appropriated is what the president can do to control the implementation of a policy agenda. The correct option is C)
What can the president do to control the implementation of a policy agenda?The President of the United States can use a variety of methods to implement their policy agenda. One of the ways the president can control the implementation of a policy agenda is by refusing to spend the money that Congress has allocated.What is a policy agenda?The policy agenda is a collection of issues that the federal government is interested in addressing. These concerns are frequently used as the basis for future legislative action or executive branch directives. The policy agenda is a crucial tool for identifying the most pressing issues facing the country at any given moment.What is the role of the President of the United States in implementing a policy agenda?The President of the United States is responsible for implementing the policy agenda. The president has a variety of tools at his or her disposal for ensuring that policy priorities are pursued. The president can veto a bill, make executive orders, refuse to spend money, and utilize the power of persuasion to get people on board. The president can work with members of Congress to pass legislation and provide guidance and support to executive branch departments and agencies tasked with carrying out his or her policy priorities.
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Chang, the founder of a multinational corporation, believes that his business should mainly focus on the benefit of those people who own its stock. In this scenario, he most likely follows _______, a model of business management.
a. Stakeholders model
b. Shareholders primacy
c. Customer value
Option B). The model of business management that Chang is most likely following if he believes that his business should mainly focus on the benefit of those people who own its stock is "Shareholder primacy."
What is Shareholder Primacy?b The shareholder primacy model of business management is a management model that emphasizes the interests of shareholders over the interests of other stakeholders, such as employees, customers, and the general public, who are seen as secondary. The goal of a company following this model is to maximize shareholder wealth, which is accomplished by maximizing profits, increasing share prices, and paying dividends to shareholders. Why Shareholder Primacy is important? Shareholder primacy can be beneficial in some circumstances, such as when shareholders are actively involved in the business and have a long-term perspective. However, it can be detrimental in other circumstances, such as when shareholders prioritize short-term profits over long-term growth or when they engage in unethical or illegal activities to boost share prices. Therefore, the shareholder primacy model of business management has been the subject of debate in recent years, with some arguing that it needs to be revised to better balance the interests of all stakeholders.
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Chang's belief that his business should mainly focus on the benefit of those people who own its stock suggests he follows the Shareholders Primacy model of business management.
This model assumes that the primary purpose of a business is to increase shareholder wealth, and all decisions should be based on this goal. This model encourages businesses to maximize profits, often by cutting costs and increasing efficiency, while maintaining a focus on long-term growth and sustainability.
It also encourages businesses to have a more disciplined approach to capital allocation, using resources in a way that will generate the greatest return for shareholders.
This model seeks to ensure that the interests of shareholders are maintained and that their investments are managed in their best interests. As such, it typically involves strategies and tactics that focus on profit maximization, cost cutting, and increasing shareholder value.
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Creating a new product to increase margin is an example of using product implementations to achieve competitive advantage.True or false
By creating a new product, companies can increase their margins by offering a product that is differentiated from competitors. This allows them to charge a premium price and increase their margins. Thus, this statement is True.
A competitive advantage is a feature that enables a company to outperform its competitors. Competitive advantage enables a business to achieve superior performance or generate greater profits than its rivals, allowing it to develop more customers and gain a larger market share than its competitors.
When a business has a competitive advantage, it is in a more robust position to capture a larger market share than its competitors.
In this case, creating a new product to increase margin is an example of using product implementations to achieve a competitive advantage. One of the ways companies can gain a competitive advantage is by introducing new products into the market.
As a result, companies can use this method to introduce new products that will help them gain a competitive advantage over their rivals.
The introduction of a new product will assist the company in increasing its margin, which will enable it to outperform its rivals.
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which of the following is a defense under strict products liability? question 37 options: rescission comparative responsibility contributory negligence comparative fault assumption of the risk
The defense under strict product liability is the assumption of the risk.
What is strict product liability?Strict product liability is a legal doctrine that holds manufacturers, distributors, and sellers liable for any injuries or damages caused by their defective products without requiring the plaintiff to prove negligence or fault on their part. It is an essential consumer protection tool that incentivizes manufacturers to make safe products by holding them accountable for any defects or hazards that they produce.
Strict product liability holds the seller of a product strictly liable for any damages or injuries caused by the product, regardless of the seller’s level of fault or negligence. The assumption of the risk defense states that the plaintiff was aware of the risks and chose to use the product anyways, thus releasing the seller from liability.
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Which of these is (are) most likely to increase productivity? A) higher corporate tax rates. B) increase in pop. C) investments in research and development.
What is productivity?
Productivity is the amount of production that can be generated from a certain amount of inputs. It is an assessment of efficiency in which a company transforms inputs into outputs.
What are Investments in research and development?
The money put into research and development (R&D) to enhance the goods and services a company provides is referred to as investments in research and development. R&D initiatives may lead to the creation of new goods or procedures that can make a company more profitable by allowing it to gain a larger market share, for example.
Investments in research and development can help a company improve its production process by increasing efficiency, reducing costs, and enhancing product quality. As a result, it can assist to increase productivity.
Option C, investments in research and development, is most likely to increase productivity.
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Economic stress can be ______ or ______. Normative, situational. Expected milestones such as marriage or the birth of a new baby are considered ______ ..
Economic stress can be normative or situational. Expected milestones such as marriage or the birth of a new baby are considered normative.
Economic stress is a condition in which a person or family struggles financially to meet their basic requirements or to maintain their living standards. Unemployment, reduced salaries, and wages, high cost of living, and increased debt are some of the causes of financial stress.
Economic stress can be either normative or situational. Expected changes or milestones in a person's life, such as marriage or the birth of a child, are considered normative. Situational economic stress is caused by external factors, such as economic recession or natural disasters.
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What refers to training and empowering frontline workers to
The term that refers to training and empowering frontline workers to solve a problem immediately is "just-in-time" (JIT). Here option A is the correct answer.
JIT is a production strategy that emphasizes the importance of reducing waste, improving efficiency, and increasing productivity by providing the right resources at the right time. It aims to minimize inventory and work in progress by delivering the necessary inputs and resources exactly when and where they are needed.
In the context of problem-solving, JIT involves giving frontline workers the skills, knowledge, and tools to identify and address issues as they arise. This approach allows them to take quick action to solve problems before they escalate and become more costly to address. JIT training often includes the use of visual aids, checklists, and other tools to guide workers in identifying and resolving issues.
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Complete question:
What refers to training and empowering frontline workers to solve a problem immediately?
a. just-in-time
b. poka-yoke
c. benchmarking
d. kaizen
a call and a put option on a stock trading at $57 both have an exercise price of $50. which statements are correct? check all that apply: the call is in the money. the call is out of the money. the put is in the money. the put is out of the money. submit
The call is in the money and the put is out of the money.
The exercise price of an option is the price at which the option can be exercised. Since the stock trading at $57 is higher than the exercise price of $50, the call is in the money and the put is out of the money.
An option gives the buyer the right to buy or sell an underlying asset at an agreed-upon price, known as the exercise price. When the market price of the underlying asset is higher than the exercise price, the call option is said to be in the money, and the put option is said to be out of the money.
In this case, the stock is trading at $57, which is higher than the exercise price of $50. Therefore, the call is in the money and the put is out of the money.
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the law of one price is best described as: the true fundamental value of an asset. earning a risk-free profit without committing any capital. two assets that will produce the same cash flows in the future must sell for equivalent prices.
The law of one price is best described as: two assets that will produce the same cash flows in the future must sell for equivalent prices.
The law of one price is an economic law that states that two assets that will produce the same cash flows in the future must sell for equivalent prices. The law of one price is an important economic theory that is used to explain the prices of goods and services in the market.The true fundamental value of an asset is a term used to describe the value of an asset based on its underlying fundamentals, such as its revenue, earnings, and assets.
Earning a risk-free profit without committing any capital is not an accurate description of the law of one price, as the law refers to the prices of assets that produce the same cash flows in the future, not to profits or capital investments.
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A memorandum on the sale of goods that does not indicate the _____ of goods to be sold will not satisfy the UCC's writing requirement.
A. quality
B. quantity
C. delivery
D. cost
A memorandum on the sale of goods that does not indicate the quantity of goods to be sold will not satisfy the UCC's writing requirement. The correct answer is option B.
A Memorandum, also known as a Confirmation, is a written confirmation of a contract for the sale of goods. It's a brief statement of the terms of the contract, including the price, quality, and type of goods.
The Uniform Commercial Code (UCC) is a set of laws governing commercial transactions that set out the duties and rights of parties involved in commercial transactions.
The UCC has a writing provision that necessitates that certain contracts be in writing.
Thus, a memorandum on the sale of goods does not indicate the quantity of goods. Option B is correct.
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management desires an ending finished goods inventory each quarter of 20% of the next quarter's sales volume. each unit requires 3 kilograms of materials at a cost of $5 per kilogram. management desires an ending raw materials inventory each quarter of 10% of the next quarter's production needs. what is the budgeted production (in units) in q2?
A unit requires 3 kilograms of materials, which costs $5 per kilogram. Management also desires an ending raw materials inventory every quarter that is 10% of the next quarter's production needs. Management has a goal of achieving an ending finished goods inventory every quarter that is 20% of the next quarter's sales volume.
In Q2, what is the budgeted production in units?
Given data:Desired ending finished goods inventory per quarter = 20% of the next quarter's sales volume Desired ending raw materials inventory per quarter = 10% of the next quarter's production needs Cost of each unit of raw material = $5. Quantity of raw materials required per unit = 3 kilograms. Solution:Let the budgeted production in units be x. Then:Materials required per unit = 3 kilograms Cost of 1 kilogram of raw material = $5. So, the cost of raw materials required per unit = $5 × 3 = $15. Total cost of raw materials required for x units = $15x. Desired ending raw materials inventory per quarter = 10% of the next quarter's production needs Desired ending raw materials inventory in Q2 will be 10% of the production needs of Q3.In other words, desired ending raw materials inventory in Q2 = 10% of (production needs in Q3) = 0.1Q3. Production needs in Q3 will be x + desired ending finished goods inventory in Q2 (as this will be sold in Q3).Therefore, desired ending raw materials inventory in Q2 = 0.1 (x + 0.2Q3)But, Q3 is unknown.Now, we know that materials required for production = quantity of production × materials required per unit Desired ending finished goods inventory per quarter = 20% of the next quarter's sales volume Desired ending finished goods inventory in Q2 will be 20% of the sales volume in Q3.So, desired ending finished goods inventory in Q2 = 0.2Q3 In Q2, the following units are produced:x units will be sold in Q3So, the units in the finished goods inventory at the end of Q3 = 0.2Q3. The total units will be:x + 0.2Q3 = 0.2Q3 + xThe production needs for Q3 will be:x + 0.2Q3 - units sold in Q3 = desired ending finished goods inventory for Q3 (20% of Q4)Therefore,x + 0.2Q3 - x = 0.2Q30.2Q3 = x. Production needs in Q3 = 0.2Q3 + x.Therefore,desired ending raw materials inventory in Q2 = 0.1 (x + 0.2Q3) = 0.1 (0.2Q3 + x + 0.2Q3) = 0.04Q3 + 0.04x. Total cost of raw materials required for x units = $15x. Therefore, the total cost of raw materials required for Q2 will be $15x. Total cost of raw materials desired for ending inventory in Q2 will be the total cost of raw materials required for the production of 0.04Q3 units and 0.2Q3 units (which will be sold in Q3) = $15(0.04Q3 + 0.2Q3) = $3Q3. So, the total cost of raw materials required in Q2 will be:$15x + $3Q3. But, we know that production needs in Q3 = 0.2Q3 + x. Therefore, $15x + $3Q3 = $15x + $3(0.2Q3 + x) = $15x + $0.6Q3 + $3x = $18x + $0.6Q3. Now, budgeted production in units in Q2 = x = 0.6Q3/15 = Q3/25. Therefore, the budgeted production in Q2 is Q3/25 units.
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allison thinks she has more power than the other party in a negotiation. as a result, she will probably use the blank approach when she negotiates.
Allison thinks she has more power than the other party in a negotiation. As a result, she will probably use the distributive approach when she negotiates.
The distributive approach is a bargaining strategy in which the goal is to get as much of the available resources as possible. The resources are considered limited in this approach, and both parties compete to get their fair share. A distributive approach works well when there is a single issue to be resolved, and both parties' goals are diametrically opposed.
The distributive approach has several advantages, including saving time and reducing the need for information-sharing between parties. It also helps to create a clear understanding of the problem and reduces the likelihood of misunderstandings. On the other hand, the distributive approach may have some drawbacks, such as the tendency for the parties to become too competitive and create a win-lose situation. In the end, one party comes out ahead, while the other is at a loss.
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The amount a person would have to deposit today to be able to take out $600 a year for 7 years from an account earning 6 percent. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
The amount that needs to be deposited today to be able to withdraw $600 a year for 7 years at an annual interest rate of 6% is $3,349.43.
We can use the present value formula to calculate the amount that needs to be deposited today to be able to withdraw $600 a year for 7 years at an annual interest rate of 6%:
PV = PMT x (1 - (1 + r)⁻ⁿ) / r
where PV is the present value, PMT is the annual payment, r is the annual interest rate, and n is the number of years.
Substituting the given values, we get:
PV = $600 x (1 - (1 + 0.06)⁻⁷) / 0.06
PV = $3,349.43
Hence, the person needs to deposit $3,349.43
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Refer to the following selected financial information from Texas Electronics Compute the company's working capital for Year 2. Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets Accounts payable Net sales Cost of goods sold Year 2 Year 1 $ 37,500 $ 36,850 90,000 90,000 85,500 86,250 121,000 117,000 12,100 13,500 388,000 392,000 113,400 111,750 711,000 706,000 390,090 385,500. a) $232,700. b) $220,600. c) $147,200. d)$111,700. e) $142,700.
The working capital for Year 2 of Texas Electronics is $232,700. Working capital is the difference between a company's current assets and liabilities.
The working capital is a difference between the company's current assets and liabilities. Company assets in this case include cash, bank deposits, other quickly payable assets, and potential income.
For Year 2 of Texas Electronics can be calculated by subtracting current liabilities (Accounts Payable and Cost of Goods Sold) from current assets (Cash, Short-term Investments, Accounts Receivable, net, Merchandise Inventory, and Prepaid Expenses):
Working Capital = Current Assets - Current Liabilities
Working Capital = $711,000 - ($113,400 + $390,090) = $232,700
Therefore, the working capital for Year 2 of Texas Electronics is $232,700.
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A former world heavyweight boxing champion tells us why we should patronize a chain of automotive repair shops. "If you are between the ages of 50 and 85, you can't be turned downl" says game show host Kent McCoy about a brand of life insurance A. Plain folks B. Name calling CC.Glittering generalities D. Testimonial
The show host was using the advertising technique of testimonial. (option D)
The advertising technique being used in the given scenario is Testimonial. Testimonial is an advertising technique that uses the endorsement or recommendation of a celebrity, expert, or satisfied customer to persuade others to use a particular product or service.
In this case, a former world heavyweight boxing champion is being used to endorse a chain of automotive repair shops. The assumption is that the champion's reputation for toughness and strength will lend credibility to the claims being made by the repair shop, and that this endorsement will help to persuade potential customers to use their services.
Similarly, the game show host Kent McCoy is being used to endorse a brand of life insurance, claiming that those between the ages of 50 and 85 cannot be turned down.
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which aspect of preparing an accounting worksheet typically requires the greatest involvement by the accountant?
Adjustments is an aspect of preparing an accounting worksheet typically requires the greatest involvement by the accountant. It is one of the most crucial task of an accountant.
Adjustments are accounting entries made at the end of the accounting period to adjust accounts for the effects of internal and external events that have not been recorded. They are necessary to ensure that the financial statements are accurate and complete.
Adjustments are classified into two types, namely accruals and deferrals. Accruals are revenues or expenses that have been earned or incurred but not yet recorded, while deferrals are revenues or expenses that have been recorded but not yet earned or incurred.
However, it is important to take the time to ensure that the financial statements are accurate, as errors or omissions can lead to serious consequences for the organization, such as legal problems or financial problems.
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The Kingston County Basketball Conference (KCBC) is an amateur basketball association. Each city in the county has one team that represents it. Each team has a maximum of twelve players and a minimum of nine players. Each team also has up to three coaches (offensive, defensive, and PT coaches.) Each team plays two games (home and visitor) against each of the other teams during the season.
a. Draw the ER diagram.
b. Create a relational model based on the ER diagram.
A relational model is a way of representing data in a database using tables with rows and columns.
The ER diagram for the Kingston County Basketball Conference (KCBC) can be used to create a relational model. The model would have one table for each of the teams, with columns for the team name, the players, the three coaches, and the two games played (home and visitor). It would also have a table for each game, with columns for the team name, the players, the coaches, and the city of the game.
This model would allow for efficient retrieval of data related to KCBC teams, players, coaches, and games. It also allows for easy updating of data such as players and coaches, and for the tracking of game outcomes. By using a relational model, the KCBC can easily track and manage their data.
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true or false the operating plan focuses on how a business plans to meet the goals and objectives contained in the strategic plan.
True, the operating plan focuses on how the business plans to meet the goals and objectives contained in the strategic plan.
What is an operating plan? An operating plan is a business plan that specifies how to implement the strategies, initiatives, and activities described in the strategic plan. It is a tactical plan that outlines the specific actions, timelines, and resources required to accomplish the strategic goals and objectives. It serves as a guide for operational management by outlining how the company will meet its objectives through day-to-day operations.
As a result, it includes the specifics of the company's operations, such as hiring plans, production schedules, sales forecasts, and financial targets. The operating plan and the strategic plan are linked. The operating plan focuses on how a company will put the strategies outlined in the strategic plan into practice. It lays out the specific steps that will be taken to achieve the strategic plan's goals and objectives. They're both important in business planning because the strategic plan outlines what the company wants to accomplish, and the operating plan outlines how it will get there.
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the nature company manufactures cereal using only organic ingredients. to find out what the public wants in a cereal, the nature company uses mobile surveys because it can share photos, videos, and voice recordings with new and potential customers via smartphones. the advantage of mobile research shown in this example is .
The advantage of mobile research demonstrated in this example is the ability to collect rich and diverse data from a large and geographically dispersed sample of respondents.
How can this help Nature Company?By using mobile surveys, the Nature Company can easily engage with potential customers in a personalized and interactive manner, allowing them to share their opinions, preferences, and feedback in real-time.
Mobile surveys also enable the collection of multimedia content, such as photos, videos, and voice recordings, which can provide valuable insights into respondents' experiences and emotions.
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after a year during which interest is compounded quarterly, an investment of $800 is worth $851. what is the annual rate of interest? what is the effective annual yield?
The annual rate of interest of the investment is 25.5%. The effective annual yield on this investment is 26.67%.
To find the annual rate of interest, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
where A is the ending amount, P is the principal (starting amount), r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
In this case, we have P = $800, A = $851, n = 4 (since interest is compounded quarterly), and t = 1 (since we're looking at the growth over one year). Solving for r:
$851 = $800(1 + r/4)⁴
1.06375 = 1 + r/4
r/4 = 0.06375
r = 0.255 or 25.5%
So the annual rate of interest is 25.5%.
To find the effective annual yield, we can use the formula:
Effective Annual Yield = (1 + r/n)ⁿ - 1
where r is the annual interest rate and n is the number of times interest is compounded per year. In this case, we have r = 0.255 and n = 4, so:
Effective Annual Yield = (1 + 0.255/4)⁴ - 1
Effective Annual Yield = 0.2667 or 26.67%
So the effective annual yield on this investment = 26.67%.
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strong property rights are important for modern economic growth because group of answer choices business cycle fluctuations will be smaller and less likely to disrupt investment patterns. they ensure an equitable distribution of income. people are more likely to invest if they don't fear that others can take their returns on investment without compensation they allow governments to extract the gains from private citizens' investments
Strong property rights are important for modern economic growth because people are more likely to invest if they don't fear that others can take their returns on investment without compensation.
What are property rights?Property rights refer to the ownership and control of an economic resource. Ownership provides the right to use the resource as you see fit, while control refers to the right to receive income from the resource. Property rights, in essence, allow for the creation of wealth and incentivize individuals and businesses to use and develop their resources fully.
What is economic growth?Economic growth refers to the increase in the amount of goods and services produced by a country or region over a given period. It is measured by the increase in real GDP, employment, and investment in physical and human capital.The importance of strong property rights for modern economic Growth
Strong property rights are critical to modern economic growth for several reasons.
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