These are all examples of promotions or marketing activities aimed at increasing sales for Games Galore's new video game.
The use of coupons and sweepstakes are common marketing tactics used by companies to generate interest in their products and encourage people to make a purchase. By offering these incentives, Games Galore is hoping to increase demand for their new video game and ultimately drive sales.
The reason this Unit is unique for events is that it develops a perspective of sales promotion to fulfil event goals like maximising outreach, revenue, market share, etc
raising the value of a brand. It also explains how integrated marketing communications, e-marketing, and internet marketing are playing an increasingly powerful role in enhancing marketing performance and the overall consumer experience. For their importance in the success of the events industry, social media platforms, digital marketing, digital spaces, and viral marketing have all received attention.
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the cause of the gulf war was the ______.
A.conflict between isreal and the palestinian arabs
B.iraqi citizens' desire for a democracy
c.september 11, 2001 terroit attacks
d.iraqi invation of kuawit
Answer:
D..................
Answer:
D
Explanation:
blake has just written an e-mail message to his colleagues. before sending it, he wants to make sure that it has high skim value. in doing so, he is checking . a. format b. clarity c. punctuation d. conciseness
The correct option is a. While writing the email Blake will be checking the format of the email.
The exchange of communications using electronic devices is known as electronic mail. Thus, during a time when mail primarily referred to physical mail, email was conceptualised as the electronic equivalent of or counterpart to mail. Later, email spread like wildfire as a means of communication, to the point where it is now commonly accepted that having an email address is a fundamental requirement for many activities in business, marketing, government, schooling, entertainment, and other areas of daily life in most developed nations. The medium is email, and each message transmitted through it is referred to as an email. It also has a particular format.
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fixed expenses definition
Fixed expenses are expenses that do not vary with changes in a business's level of production or sales.
They are typically long-term costs that a business incurs regardless of how much revenue it generates or how many products it sells. Fixed expenses are also referred to as "overhead" and can include items such as rent or lease payments, salaries, insurance premiums, property taxes, and equipment maintenance costs.
Unlike variable expenses, such as the cost of materials or shipping fees, fixed expenses remain constant over time. This means that the total amount of fixed expenses remains the same, regardless of the level of production or sales.
For a business, it is important to understand and manage its fixed expenses. These expenses represent a regular drain on the company's resources, and any inefficiencies or excess costs can negatively impact the company's bottom line. By keeping fixed expenses under control, a business can improve its profitability and better manage its cash flow.
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eliza buys a new motorcycle from fast bikes, inc. the most important factor in determining whether an express warranty is created is whether
Eliza purchases a brand-new motorcycle from Fab Cycles, Inc. The most crucial aspect in determining whether an express warranty is established is whether Fab Cycles' promise becomes a part of the agreement.
How Does an Express Warranty Work?A seller's agreement to repair or replace a defective product, component, or service within a predetermined time frame after it was purchased is known as an express warranty. These assurances are relied upon by customers, who frequently make purchases based on them.
A warranty is a guarantee that an item will fulfill the seller's promises. A business that provides a written express warranty is subject to federal guidelines and must adhere to the Magnuson-Moss Warranty Act, which Congress passed in 1975. In the event that a company does not adhere to its written warranty, the Act provides consumer protections.
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Design 1: Flat Solar Panels
A field of flat solar panels angled to best catch the sun will yield 2.6 MW of power and will cost $87million initially with first-year operating costs at $2million, growing $250,000 annually. It will produce electricity worth $6.9 million the first year and will increase by 8% each year thereafter.
Design 2: Mechanized Solar Panels
A field of mechanized solar panels rotates from sideto side so that they are always positioned parallel to the suns rays, maximizing the production of electricity. This design will yield 3.1 MW of power andwill cost $101 million initially with first-year operating costs at $2.3 million, growing $300,000 annually. It will produce electricity worth $8.8 million the first year and will increase 8% each year thereafter.
Design 3: Solar Collector Field
This design uses a field of mirrors to focus the suns rays onto a boiler mounted in a tower. The boiler then produces steam and generates electricity the same way a coal fired plant operates. This systemwill yield 3.3 MW of power and will cost $91 million initially with first-year operating costs at $3 million, growing $350,000 annually. It will produce electricity worth $9.7 million the first year and will increase 8% each year thereafter.
The following is a description of a typical day in the life of a MARRIOR. 1st Design The initial cost is $87 million. Yearly earnings: $6.9 million 8% annual income growth rate .
Yearly operational costs: $2 million, increasing at a rate of $250,000 per year. $6.9 million - $2 million - ($87 million / 25) annual cash flow - ($2,000,000 - $250,000) = $2.54,000,000 $2.54 million * (1 - 1/(1+10%)25) / 10% = $19.63 million PW of cash flow Design 2 The initial cost is $101 million. Yearly earnings: $8.8 million 8% annual income growth rate Yearly operational costs: $2.3 million, increasing by $300,000 each year. Yearly cash flow = $4.22 million = $8.8 million - $2.3 million - ($101 million / 25) - ($2.3 million - $300,000) Cash flow profit: $4.22 million * (1 - 1/(1+10%)25) / 10% = $32.66 million Design 3: Original cost: $91 million\sAnnual $9.7 million in earnings 8% annual income growth rate Yearly running costs: $3 million, increasing at a rate of $350,000 per year. Yearly cash flow = $5.13 million = $9.7 million - $3 million - ($91 million / 25) - ($3 million - $350,000) Cash flow profit: $5.13 million * (1 - 1/(1+10%)25) / 10% = $39.59 million Design 3 has the highest current worth based on the PW analysis and would be the recommended design. Design 2 is the second best alternative, with the lowest present value.
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Explain why is it important to keep records of quotes and invoices especially if any changes need to be made invoice and quotation
A few key reasons why record-keeping is crucial in such situations:
Reference and Documentation: Quotes and invoices serve as official documentation of the agreed-upon terms and conditions between a buyer and a seller. By keeping records of these documents, both parties have a reliable reference point to verify and validate the details of the transaction. It helps avoid confusion or disputes that may arise due to miscommunication or faulty memory.
Accuracy and Transparency: Records of quotes and invoices enable accuracy and transparency in business transactions. If any changes need to be made to an invoice or quotation, having the original documentation readily available allows for clear comparison and identification of modifications. This helps ensure that the revised versions accurately reflect the agreed-upon changes, reducing the potential for errors or misunderstandings.
Legal and Regulatory Compliance: Maintaining records of quotes and invoices is often required by law or regulations, depending on the jurisdiction and industry. These documents may be necessary for tax purposes, financial reporting, or compliance with specific industry standards. Keeping proper records helps ensure compliance with legal obligations and provides evidence of business transactions if required in an audit or legal proceedings.
Auditing and Accountability: Quotes and invoices are critical for internal and external auditing purposes. Internal audits help organizations maintain control over their financial processes and identify any discrepancies or irregularities. External audits, conducted by regulatory bodies or external auditors, may require access to quotes and invoices as part of the review process. Proper record-keeping ensures that the necessary documentation is readily available to support auditing efforts and demonstrate accountability.
Change Management and Communication: If changes need to be made to an invoice or quotation, having records allows for effective change management and communication between the parties involved. The original document acts as a starting point for discussions and negotiations, ensuring that all parties are aware of the modifications and can agree upon the revised terms. It facilitates clear communication and minimizes misunderstandings or disagreements during the change process.
In conclusion, keeping records of quotes and invoices is essential, particularly when changes need to be made. It provides a reliable reference point, ensures accuracy and transparency, facilitates compliance with legal and regulatory requirements, supports auditing and accountability, and enables effective change management and communication. Proper record-keeping is a prudent business practice that helps maintain trust and professionalism in business transactions.
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Prepare a direct materials. budget, including a schedule of expected cash disbursements for purchases of materials.
Cash Budget
Cash Balance, March 1 $ 11,500
Add Cash Receipts
Collections from Customer $ 34,600
Total Cash Available $ 46,100
Fewer disbursements
Payment to Suppliers $ 24,600
Selling and administrative expenses $ 9,300
Equipment Purchases $ 14,000
Dividend Paid $ 2,000
Total Disbursements $ 49,900
Excess (Deficiency) $ (3,800)
Financing
Borrowing $ 13,800
Repayments
Interest
Total Financing $ 13,800
Cash Balance, March 31 $ 10,000
The main purpose of the cash budget is to project future cash balances and identify potential deficits and surpluses. Based on projected balances, financial professionals develop plans to deal effectively with these situations.
A cash budget is an estimate of a company's cash flow over a period of time. This can be applied to weekly, monthly, quarterly, or yearly budgets. This budget is used to assess whether the company has enough cash to continue operations for the allotted period.
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A direct materials budget is including a schedule of expected cash disbursements for purchases of materials is cash budget.
The direct materials budget calculates the materials that need to be purchased, via time period, if you want to fulfill the requirements of the manufacturing budget. it's miles normally supplied in either a month-to-month or quarterly format in the annual price range.
The method for computation of the acquisition is: purchase in devices = utilization + preferred finishing cloth inventory units − beginning stock devices. The direct material budget is typically followed through a computation of predicted coins payments for materials. The reason of the direct material budget is to determine the amount of raw materials to be bought each length to fulfill the manufacturing wishes and to offer for adequate inventories.
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Write about the three motivational theorists. (Herzberg, Maslow and Taylor)
There are three influential theorists who have made significant contributions to the understanding of motivation in the workplace: Frederick Herzberg, Abraham Maslow, and Frederick Taylor.
Frederick Herzberg was a renowned psychologist and management theorist known for his contributions to the understanding of employee motivation. He developed the two-factor theory, also known as the motivation-hygiene theory or dual-factor theory. According to Herzberg, there are two sets of factors-- hygiene factors and motivators that influence employee satisfaction and motivation.
Abraham Maslow was a prominent psychologist who proposed the hierarchy of needs theory. Maslow's theory suggests that individuals have a hierarchy of needs that must be fulfilled in a specific order to achieve motivation and self-actualization.
Frederick Taylor, often referred to as the father of scientific management, focused on improving productivity and efficiency in the workplace. His theories emphasized the scientific study of work processes and the implementation of standardization and specialization.
Overall, these three motivational theorists—Herzberg, Maslow, and Taylor contributed valuable insights into understanding what drives individuals in the workplace, whether through job enrichment, the fulfillment of hierarchical needs, or the optimization of productivity and efficiency.
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1. The Industrial Revolution began primarily because of.
A) Larger numbers of people unable to find work
B) The growth of corporations in the U.S.
C) The invitation of machines allowing the faster processing of raw materials.
D) Managers using practices to improve productivity of employees.
2. The first effort to apply scientific study to the management of businesses was?
A) Behavioral management
B) Classical management
C) Quality management
D) administrative management
The Industrial Revolution began primarily because of the invitation of machines allowing the faster processing of raw materials. The Option C is correct.
What led to Industrial Revolution in Europe?The Industrial Revolution transformed the economy from an agrarian to a manufacturing economy in which products were no longer made solely by hand but also by machines. This resulted in increased output and efficiency, lower prices, more goods, higher wages, and a shift from rural to urban areas.
The first Industrial Revolution began in Great Britain in the mid-to-late 1700s, when innovation led to large-scale production of goods through machine manufacturing. This spread around the world, and the Second Industrial Revolution began in the late 1800s in the United States, with further technological advancements leading to greater efficiency.
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A catalyst convertor of a car need to be upgraded to avoid blast sound and emission of exhaust pipe. The upgrading costs is Tsh. 10m and is expected to last for 4 years with 2m present worth of upgrading and salvage value. The cost to do maintenance is Tsh. 16m the first year, increasing by by 11% per year thereafter. Determine the equivalent maintenance cost at 8% per year
The equivalent maintenance cost at 8% per year for the catalyst convertor is Tsh. 14.69 million.
The equivalent maintenance cost is the present value of all the future maintenance costs. The future maintenance costs are calculated using the following formula:
Future maintenance cost = (Cost of maintenance in year 1)(1 + inflation rate)^n
where n is the number of years.
In this case, the future maintenance costs are:
Year 2: 16 * (1 + 0.11)^1 = 17.76 million
Year 3: 17.76 * (1 + 0.11)^1 = 19.69 million
Year 4: 19.69 * (1 + 0.11)^1 = 21.71 million
The present value of the future maintenance costs is:
Present value = (Future maintenance cost)/(1 + interest rate)^n
In this case, the present value of the future maintenance costs is:
Present value = (17.76 + 19.69 + 21.71) / (1 + 0.08)^3 = 14.69 million
Therefore, the equivalent maintenance cost at 8% per year is Tsh. 14.69 million.
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How often are financial statements
released?
Answer:
Once per year
Explanation:
The law requires businesses to prepare their financial statements and reports every year or twelve months. A business's financial period should not exceed 12 months. All firms must prepare their financial reports to the relevant stakeholders at the end of every financial period.
Shareholders, investors, business partners, and the government are some of the users of the company's financial reports. The law expects the business to present their financial statements at the end of every period. However, companies may prepare reports in between the financial period for their internal use.
The concept overview video assignments are organized ________.
The concept overview is known to be very wide. The Concept Overview Video assignments are organized by learning objective.
What is a concept overview? This is known as a term that is linked to or known with concepts. It focuses on the definitions or linkage of the concepts of some field of enquiry instead of with the use of facts.Learning objectives are known as objectives that are brief, clear, straight to the point. They are statements of which learners can be able to do at the end of a lesson.
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after allocating cost in excess of book value, which asset or liability would be amortized over a useful life?
When allocating cost in excess of book value, it is important to determine which asset or liability should be amortized over a useful life. Generally speaking, this amortization would apply to intangible assets, such as patents, copyrights, trademarks, and goodwill.
The process of amortization involves spreading out the cost of the intangible asset over its useful life. This is done to reflect the fact that the asset will provide value to the company over a period of time, rather than all at once. For example, if a company purchases a patent for $500,000 that has a useful life of 10 years, it would amortize the cost of the patent over that 10-year period, at a rate of $50,000 per year.
It is worth noting that the amortization process does not apply to all intangible assets. For example, trademarks and goodwill are typically considered to have indefinite useful lives, and are not subject to amortization. However, they are subject to impairment testing, which is a process used to determine if the value of the asset has declined below its recorded value.
In summary, when allocating cost in excess of book value, it is important to consider which assets or liabilities should be amortized over a useful life. Typically, this will include intangible assets such as patents, copyrights, trademarks, and goodwill. The process of amortization involves spreading out the cost of the asset over its useful life, in order to reflect the fact that the asset will provide value to the company over a period of time.
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FORM 2 BUSINESS HOLIDAY ASSIGNMENT
1 Differentiate between
ru Business and Business Studier
(2) Trade and Commerce
Qin External and internal business environments
(in Generic and enterprise forms of competitive environment
2. Explain five Characteristics of Economic resources
3. Explain five Characteristics of good thing System
4. Explain five uses of computers in an office
5. Explorin five examples of small-scale retailers wilu Shop
6. Explain five functibus of Wholesalers
, to producers
7 Give five terms of
payments
in home trade
8. Give five advantages of sole proprietorship forms of business to
9. Give four Sources of capital for public Limited Compar
10. Give five roles of Conimersial attache's
16 Give five essential elements of Communication
12. Give five importance of Warehouse
13. Explain five trending issues in transport
14. Explain Metuels of government involvement in basica
15. Explain five barriers to effeceive Communication
Answer:
Explanation:
2.Private: Easily excluded and subtractive.
Common pool: Difficult to excluded and subtractive.
Toll: Easily excluded and jointly consumption.
Public: Difficult to exclude and jointly consumed.
3.These are hypothesized to include functional “goodness”, good infrastructure, reliability, connect-ability, versatility and benefits that overflow/overwhelm the system's scope or initial investment.
4.Some of the popular uses of computers in offices include preparation of word documents such as letters, reports, processing of work documents such as work orders and financial reports, presentation of reports and proposals to and behalf of executive and higher level office personnel, management of email services
6.(i) Buying and Assembling:
The wholesaler purchases goods in large quantities from different manufacturers and assembles them at one place and stores them in his warehouse and resell to the retailers.
(ii) Warehousing:
By preserving the goods received from different manufacturers in stores, the wholesaler performs the function of warehousing. The storage of goods is needed on account of time lag between production and consumption of goods.
(iii) Grading and Packaging:
The assembled goods are graded in accordance with their quality and packed in different containers before supplying to the retailers. In this manner, the wholesaler performs important marketing functions of grading and packing.
(iv) Transportation:
The wholesalers purchase goods from manufacturers and carry them to his godowns and then supply the same to the retailers. He may employ his own vans or hire vehicles for carrying the goods on account of bulk purchases. They can avail of economies in freight.
(v) Financing:
The wholesaler provides credit facilities to the retailers and manufacturers. They sometimes give advance to the manufacturers for the goods to be received later. By selling goods on credit they help the retailers.
7.
There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit) and bank payment obligation.
8.Less paperwork to get started.
Easier processes and fewer requirements for business taxes.
Fewer registration fees.
More straightforward banking.
Simplified business ownership.
9.The main sources of funding are retained earnings, debt capital, and equity capital. These are long-term sources, medium-term sources and short-term sources.
10.Educating and advising exporters on trade regulations/practices in other countries.
Expansion and diversification of exports.
Organizing for trade fairs and exhibitions of local goods in foreign markets.
Expansion and diversification of foreign markets.
16. 5 elements of effective communication: the sender, language, environment, the receiver, and feedback. All of these elements contribute to sending and receiving a concise, clear message.
12.Warehousing allows for timely delivery and optimized distribution, leading to increased labor productivity and greater customer satisfaction. It also helps reduce errors and damage in the order fulfillment process. Plus, it prevents your goods from getting lost or stolen during handling.
13.Trend #1: Cloud-Based Systems Adoption.
Trend #2: Integrated, Frictionless Travel.
Trend #3: Visibility and Anti-Theft GPS.
Trend #4: Self-Driving Trucks.
Trend #5: Regulation Compliance.
15.There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation.
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How do you use the Selection Bar to select an entire document?
single-click in the Selection Bar
double-click in the Selection Bar
triple-click in the Selection Bar
quadruple-click in the Selection Bar
The answer is triple-click in the Selection Bar.
The Selection Bar is the gray bar on the left side of the document, next to the line numbers, in most text editing software. To select an entire document, you need to triple-click in the Selection Bar. This will highlight all the text in the document, making it ready for any editing or manipulation.
A single-click in the Selection Bar will select a line of text.
A double-click in the Selection Bar will select a word.
A quadruple-click in the Selection Bar is not a common method to select an entire document and it may not work in all the text editing software.
It's worth noting that there are also other ways to select an entire document, such as using keyboard shortcuts (Ctrl+A or Command+A) or by going to the Edit menu and selecting "Select All."
Keep in mind that the method of selection may vary depending on the text editor you are using, but the triple-clicking the Selection bar is a common method.
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is Jesus real? i'm so confused even though i am a Christian, i still don't believe that jesus is real
Answer:
i dont see any proof so nope he aint real
Explanation:
Answer:
Jesus is real
Explanation:
He is the son of the lord, and died for your sins. It's also been scientifically proven that he is real How could he not be real.
The appearance of a résumé can change drastically after it has been scanned. please select the best answer from the choices provided t f
It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
How does the appearance of a résumé changed?The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.
Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
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I make YT intros, does that count as graphic design? And can I put it on my resume?
I don't do a thing. I just sit, eat food and watch kdrama. Should I keep mine in my resume? but u can keep urs cause that's actually a work.
Answer:
- Yes, it's graphic design.
- Yes, because it's work.
Explanation:
Betty's employees' performance is the lowest of the company. Most of Betty's employees have
been with the company less than 2 years. Those that have been with the company for more
than 2 years are visibly unhappy at the company. These results are drastically different than
most of the other teams in the company.
Do you think Betty is a good manager? List facts that support your decision
Answer: Define job performance, organizational citizenship, absenteeism, and turnover.
Explain factors associated with each type of work behavior.
One of the important objectives of the field of organizational behavior is to understand why people behave the way they do. Which behaviors are we referring to here? We will focus on four key work behaviors: job performance, organizational citizenship behaviors, absenteeism, and turnover. Note that the first two behaviors are desirable ones, whereas the other two are often regarded as undesirable. While these four are not the only behaviors organizational behavior is concerned about, if you understand what we mean by these behaviors and the major influences over each type of behavior, you will gain more clarity about analyzing the behaviors of others in the workplace.
Explanation:
Public goods are funded by?
A.profits made by private businesses
B. charitable donations collected by the government
C. profits made by public companies
D.taxes collected by the government
Answer:
D. taxes collected by the government
Explanation:
Public goods are funded by the taxes collected by the government. the appropriate response is option D.
What is public good?A good that is non-excludable and non-rivalrous is referred to be a public good. Users cannot be denied access to or use of such goods just because they didn't pay for them.
Additionally, use by one individual does not restrict access for others or lessen their availability. Depending on the nation, a public good may differ, but it typically includes necessities like clean air and water to drink as well as services like the police and national security.
Public goods are products or services that are beneficial to all members of society and are frequently offered at no cost as a result of public taxes. Hence, the appropriate response is option D.
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Vendors submit invoices prior to receiving purchase orders from companies.
True
False
Answer:
False
Explanation:
Only after the purchase was approved
Joyce is an accountant. Sarah, her hair stylist, cuts and perms her hair in exchange for having her taxes done. This is an example of an economic transaction that is NOT included in the national income and product accounts.
Joyce is an accountant. Sarah, her hair stylist, cuts and perms her hair in exchange for having her taxes done. This is an example of an economic transaction that is NOT included in the national income and product accounts. The given statement is true.
A transaction is a commercial enterprise event that has a financial impact on an entity's economic statements and is recorded as access in its accounting facts. Examples of transactions are as follows: Paying a supplier for services rendered or goods delivered.
Something transacted specifically an alternate or transfer of goods, offerings, or price range digital transactions. b transactions plural the frequently published document of the meeting of a society or association. 2a: an act, procedure, or example of transacting.
A cash transaction is the instant charge of coins for the purchase of an asset. a few marketplace stock transactions are taken into consideration coins transactions although the change might not accept a few days.
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Rusky Sdn Bhd makes one standard article. The stock sheet at year-end shows the following items:
student submitted image, transcription available below
The estimated cost to sell is negligible.
Required:
a. Calculate the cost and net realisable value of the inventories.
b. Calculate the amount of. inventories that will be disclosed in the financial statement of Rusky Sdn Bhd.
To calculate the cost and net realizable value of the inventories, we need to understand a few key terms. the cost of the inventories is 45,000.
- Cost: This refers to the cost of producing or acquiring the inventories. It includes direct costs such as materials and labor, as well as indirect costs such as factory overheads.
- Net realizable value: This is the estimated selling price of the inventories, minus any estimated costs to complete the production or acquisition and estimated costs to sell.
In this case, since the estimated cost to sell is negligible, we can assume that the net realizable value is equal to the selling price.
To calculate the cost of the inventories, we add up the cost of each item. In this case, the total cost would be 12,000 + 8,000 + 10,000 + 6,000 + 9,000 = 45,000.
To calculate the net realizable value, we need to know the selling price of the inventories. Without that information, we cannot calculate the net realizable value accurately.
b. The amount of inventories that will be disclosed in the financial statement of Rusky Sdn Bhd will be the cost of the inventories, which is calculated as 45,000 in part a.
To summarize, without the selling price of the inventories, we cannot accurately calculate the net realizable value. However, we can determine the cost of the inventories, which is the amount that will be disclosed in the financial statement. In this case, the cost of the inventories is 45,000.
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____ are a company's most critical indicators of progress toward intended results.
The question is that Key Performance Indicators (KPIs) are a company's most critical indicators of progress toward intended results.
Key Performance Indicators (KPIs) are specific metrics or measures that are used to evaluate the performance of a company or organization. KPIs are designed to provide a clear and measurable assessment of how well the company is progressing towards its intended goals and objectives. These indicators are chosen based on the company's overall strategy and objectives, and they can vary depending on the industry and specific goals of the organization.
Examples of common KPIs include revenue growth, customer satisfaction, employee productivity, and market share.
By tracking these indicators over time, companies can assess their performance, identify areas for improvement, and make data-driven decisions to achieve their desired results. It is important for companies to regularly review and update their KPIs to ensure they remain aligned with their evolving goals and objectives.
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The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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What is the first step in financial planning?
OA. Analyzing the current situation
B. Identifying goals
C. Coming up with strategies for meeting goals
D.
Assess the advantages and disadvantages of different strategies
Answer:
A. analyze the current situation!
3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.
Sports Stuff Inc. Herb Graham is vice president of Sports Stuff Inc., a business that develops, manufactures, and markets sports products. The company is looking to expand its operations into the European market. Herb believes that if the company expands its product line to include products reflecting sports that are popular in Europe, the company will achieve success there.
1. Herb knows that much of the success his company enjoys is due to the patents and copyrights that protect the company's products. If Sports Stuff chooses an entry mode in which it grants another firm the right to use its intangible property for a specified period of time, it would be engaging in _____
A) a turnkey project
B) franchising
C) licensing
D) a joint venture
2. Herb has been exploring another type of entry mode that requires ongoing assistance on the part of one firm, often in the form of start-up capital, management training, or location advice. Herb is most likely considering _________
A) a strategic alliance
B) franchising
C) licensing
D) a joint venture
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Which statement is true based on the data table?
The potential cost of growing maize is estimated to be 10/60, taking into account the quantities of corn and diamonds that are produced in the United States.
How much does the production of maize cost in terms of other options?The number of diamonds that must be sacrificed in order to produce one unit of maize might be thought of as the United States "opportunity cost" associated with the production of corn.
You may verify this by looking at:
= Units of Corn Equivalent to Units of Diamonds
= 10 / 60 diamonds
In conclusion, The potential cost of growing maize is
10 / 60 diamonds
To learn more about the concept of opportunity cost.
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CQ
The table identifies how many thousands of units of corn and diamonds the United States and Congo can produce in one week. Use this data to answer the question that follows.
Corn Diamonds
United States
60 10
Congo
20 5
Which statement is true based on the data table?
The expen Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accounting concept of se recognition principle states that expenses should be matched with revenues. Another way of stating the principle is to say that:
Another way of saying the above is that d. efforts should be matched with accomplishments.
The Matching Principle in Accounting falls under the Accrual basis which means that expenses should be matched to the period they were incurred and revenue should be matched to the period it was received for.
This ensures that the expenses match the revenue. Another way to say this is that efforts should be matched with their accomplishments because the business incurred expenses as efforts in a period in order to be able to get revenue as accomplishments in that same period.
For example, a business paying salespeople $30,000 in a year are doing so because they hope those salespeople will sell more than that $30,000 in that same year.
In conclusion, matching expenses to revenue is like matching efforts to accomplishments.
For more information on the Accrual basis take a look at https://brainly.com/question/13464862.