Answer: I believe this is false.
paulson's pet store completed the adjusted trial balance for the year ended december 31, 20--. owner's equity as of january 1, 20--, was $504,320. the current portion of note payable is $2,000.
Paulson's pet store completed the adjusted trial balance for the year ended december 31, 20-, Net income is 78080, Total assets 639400, Total liabilities 31,800, Total Liabilities and Equity 639,400.
The trial balance is an accounting report that contains the ending balances of the company's various general ledgers. A trial balance is a list of credit and debit entries used by businesses to audit their double-entry accounting systems internally. The goal is to ensure that the total of all debits equals the total of all credits and to determine whether any entries were recorded in the incorrect account. Net income is defined in business and accounting as an entity's income less cost of goods sold, expenses, depreciation and amortisation, interest, and taxes for an accounting period.
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Why is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
How do you avoid correcting and putting a customer on their defensive side?
Answer:
Explanation:
Listen carefully to what the customer has to say, and let them finish. Don't get defensive. The customer is not attacking you personally; he or she has a problem and is upset. Repeat back what you are hearing to show that you have listened.
Ask questions in a caring and concerned manner.
The more information you can get from the customer, the better you will understand his or her perspective. I’ve learned it’s easier to ask questions than to jump to conclusions.
Put yourself in their shoes.
As a business owner, your goal is to solve the problem, not argue. The customer needs to feel like you’re on his or her side and that you empathize with the situation.
Apologize without blaming.
When a customer senses that you are sincerely sorry, it usually diffuses the situation. Don't blame another person or department. Just say, "I'm sorry about that.”
Ask the customer, "What would be an acceptable solution to you?"
Whether or not the customer knows what a good solution would be, I’ve found it’s best to propose one or more solutions to alleviate his or her pain. Become a partner with the customer in solving the problem.
Solve the problem or find someone who can solve it— quickly!
Research indicates that customers prefer the person they are speaking with to instantly solve their problem. When complaints are moved up the chain of command, they become more expensive to handle and only add to the customer's frustration.
There is no getting around customer complaints, regardless of your industry. However, by employing these steps and taking the time to review the issue with the customer, you can turn challenges into something constructive.
Centex sound systems purchased merchandise inventory costing $8,000 from flower co. on account. where should centex record this transaction, and what account is credited?
Centex sound systems purchased merchandise inventory costing $8,000 from flower co. on account. Centex should record this transaction in the purchase journal and account which is credited is credit accounts payable.
A merchandise inventory is a part of the current asset. It is previously bought by the company to resell it at a higher price to its customers. So when a merchandise inventory is purchased on account, it is first recorded to the purchase journal.
As the company incurs a liability, the credit account is the accounts payable. Thus, the journal entry for the purchase of inventory on account is shown below.
Debit Credit
Merchandise inventory $8,000
Accounts payable $8,000
Hence, the transaction should be recorded in the purchase journal.
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A forensic accountant is similar to a(n) ______
because they both work to combat accounting fraud
A. international accountant
B. auditor
C. certified public accountant
D. general ledger accountant
SUBMIT
Answer:
B. auditor
Explanation:
The work of an auditor and that of the forensic accountants are very similar. They both examine financial records and statements of an organization to confirm their accuracy. The auditor and forensic accountant are specialized officers. They have been trained to detect fraudulent reporting in financial statements. After evaluating the books of account, they form an opinion based on their findings.
A company budgeted $148,000 sales on account for June, $120,000 for July, $211,000 for August, $198,000 for September, and $164,000 for October. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 36% will be collected the second month, and 4% will be uncollectible. Which month should have the largest amount of cash receipts from accounts receivable budgeted
Answer:
October
Explanation:
The computation of the month in which the largest amount of cash receipts is there
So, for that the calculation is to be needed
= $211,000 × 36% + $198,000 × 60%
= $75,960 + $118,800
= $194,760
For this month, the cash receipts from the account receivable is high
So the same should be considered
A ceiling design that has a rectangular center that is either popped out or inverted to add an effect.
Answer:
tray ceilings
Tray Ceiling - Usually seen in dining rooms and kitchens, tray ceilings are built upwards in a cut out resembling a tray. It has a rectangular center that is either popped out or inverted to add an effect
Explanation:
Hope it helps
the branch of economics that tries to understand the relationship between the economy and supporting ecological systems is known as FITB economics.
The branch of economics that tries to understand the relationship between the economy and supporting ecological systems is known as ecological economics.
A transdisciplinary and interdisciplinary area of academic study, ecological economics, also known as bioeconomics, ecolonomy, eco-economics, or ecol-econ, examines the interaction and coevolution of human economies and natural ecosystems, both over time and space.
A developing transdisciplinary area called ecological economics seeks to advance and broaden economic theory by incorporating the natural systems of the planet, human values, and human health and well-being. In traditional economics, increasing the amount of products and services produced by human industry (built capital) and the gross domestic product are the main objectives.
A national indicator of the total value of goods and services produced each year is the gross domestic product (GDP).
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Which condition is a result of open competition in a free market system?
A. Poor customer service
B. Government regulation
C. Higher prices
D. Higher quality goods
A result of open competition in a free market system is higher quality goods (option D).
What is the result of open competition?
Competition is when there are many producers operating in a particular industry. Competition is high in purely competitive markets and low in a monopoly. This is because in a pure competition, there are many producers while there is only one producer in a monopoly.
Due to the high level of competition in an industry, prices would be more likely to be low. This is because producers would want to attract more consumers by fairly pricing their goods. Also, producers would want to offer good customer service in order to retain consumers as there are many competing producers in the market. High quality goods are also a way to attract an retain customers.
A free market system is a market system where prices are set by the forces of demand and supply. There is no government regulation in this type of market.
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Assume you have just been hired as a manager of CoffeePlace, a coffee shop located near Asoke junction. The company’s earnings before interest and taxes (EBIT) was 100,000 baht last year, and it is expected to remain constant (in real terms) over time. CoffeePlace plans to pay out all profits as dividends. The management group owns about 50 percent of the stock.
The firm is currently all-equity financed; it has 20,000 shares outstanding; and current price is 5 baht per share. When you took your MBA corporate finance course, your instructor explained that most firms’ owners could be better off financially if the firms used some debt. When you suggested this to your new boss, he encouraged you to follow up with the idea. As a first step, you consulted with the firm’s investment banker and obtained the following estimated costs of debt for the firm at different capital structures:
If the company were to recapitalize, debt would be issued, and the funds received would be used to repurchase stock. CoffeePlace is in the 20 percent corporate tax bracket, its beta is 1.0, the risk-free rate is 3 percent, and the market risk premium is 5 percent.
Consider capital structure effects (by identifying the ways in which capital structure can affect the weighted average cost of capital and free cash flows). Then discuss whether you agree with the following hypotheses and why:
1. Does the company’s debt policy create value to the firm?
2. Does the company’s debt policy create competitive advantage?
3. Does the company’s debt policy sustain senior management’s visions?
1) Yes company's debt policy create value for the firm.
2) Yes, company's debt policy creates a competitive advantage.
3) Yes, company's debt policy can sustain senior management's vision.
1. The company's debt policy can create value to the firm by reducing the cost of capital. By issuing debt, the company can take advantage of the tax deductibility of interest payments, which lowers the cost of debt. This can lower the weighted average cost of capital (WACC), which in turn can increase the value of the firm. However, the company must be careful not to take on too much debt, as this can increase the risk of financial distress and bankruptcy.
2. The company's debt policy can create a competitive advantage by allowing it to invest in projects with positive net present value (NPV) that may not have been possible with only equity financing.
By using debt financing, the company can take on more projects and potentially generate higher returns for shareholders. However, it is important to note that the company must be able to generate enough cash flow to cover the debt payments.
3. The company's debt policy can sustain senior management's visions by providing the necessary financing to pursue their strategic goals. By using debt financing, the company can invest in growth opportunities and expand its business. However, it is important for senior management to carefully consider the amount of debt the company can reasonably take on and ensure that it can generate enough cash flow to cover the debt payments.
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A company paid dividends of $15,000, generated total sales of $845,000, and incurred total expenses of $792,000 in the current year. If ending retained earnings is $165,000, what was beginning retained earnings?
Answer:
The beginning retained earnings will be "127,000".
Explanation:
The given values are:
Total sales,
= $845,000
Company paid,
= $15,000
Total expenses,
= $792,000
Retained earning,
= $165,000
Now,
⇒ \(Retained \ earning \ this \ year = Profits-Dividends\)
⇒ \(=845,000-792,000 -$15,000\)
⇒ \(=38,000\)
and,
⇒ \(Beginning \ retained \ earnings = Ending \ RE-this \ year \ RE\)
⇒ \(=165,000-38,000\)
⇒ \(=127,000\)
Which of the following is an example of human resources planning?
A. An employee complains to his manager that he is being asked to
work too many hours.
B. An HR manager talks with department managers to determine
which workers are needed,
C. Two workers disagree with each other about the sufficiency of the
benefits the HR department offers,
D. A CEO talks with the HR manager about the value of the company
and decides that it needs to grow.
SUBMIT
Answer:
B. An HR manager talks with department managers to determine which workers are needed,
• ABC issued bonds with a face amount of $20000.
• Each $1000 bond contained detachable stock warrants for 100 shares of ABC's common stock.
• Total proceeds from the issue amounted to $24015.37.
⚫ The market value of each warrant was $3, and the market value of each bonds without the warrants was $950.
a. Value allocated to the bonds:
b. Value allocated to the warrants:
Given the following details:
Face value of bond = $20,000
Each $1000 bond contains 100 detachable stock warrants Proceeds from the issue = $24,015.37
Market value of each warrant = $3 Market value of each bond without warrants = $950
We are required to calculate the value allocated to the bonds and the value allocated to the warrants.
Let us first calculate the number of bonds:Since each $1000 bond contains 100 detachable warrants,
The total number of bonds issued = 20,000/1000 = 20 bonds
Total number of warrants issued = 20 × 100 = 2000 warrants (since each bond has 100 warrants)
Now let us calculate the value of each bond with warrants:
Market value of each warrant = $3
So, the total value of 2000 warrants = 2000 × $3 = $6,000
Proceeds from the issue = $24,015.37.
Now we can calculate the amount received from the issue by subtracting the value of warrants from the proceeds:
Amount received from the issue = Proceeds - Value of warrants= $24,015.37 - $6,000= $18,015.37
Now we can calculate the total value of the bonds:
Value of each bond without warrants = $950
Since the total value of the bonds is $18,015.37, the value of each bond can be calculated as follows:
Value of each bond = $18,015.37 / 20= $900.77
Therefore, the value allocated to the bonds is
$900.77 × 20 = $18,015.40
Now we can calculate the value allocated to the warrants:
Value of each warrant = $3
Therefore, the value allocated to the warrants is
$3 × 2000 = $6,000.
Therefore,
Value allocated to the bonds = $18,015.40
Value allocated to the warrants = $6,000
The total of these two values is equal to the total proceeds received by the company, which is $24,015.37.
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Katharine Johnson is the owner of Best Bikes, a company that produces high-quality cross-country bicycles. Best Bikes participates in a supply chain that consists of suppliers, manufacturers, distributors, and elite bicycle shops. For several years Best Bikes has purchased titanium from suppliers in the supply chain. Best Bikes uses titanium for the bicycle frames because it is stronger and lighter than other metals and therefore increases the quality of the bicycle. Earlier this year, Best Bikes hired Michael Bentfield, a recent graduate from State University, as purchasing manager. Michael believed that he could reduce costs if he purchased titanium from an online marketplace at a lower price. Best Bikes established the following standards based upon the company’s experience with previous suppliers. The standards are as follows: Actual results for the first month using the online supplier of titanium are as follows: 1. Compute the direct materials price and efficiency variances. 2. What factors can explain the variances identified in requirement 1? Could any other variances be affected? 3. Was switching suppliers a good idea for Best Bikes? Explain why or why not. 4. Should Michael Bentfield’s performance evaluation be based solely on price variances? Should the production manager’s evaluation be based solely on efficiency variances? Why is it important for Katharine Johnson to understand the causes of a variance before she evaluates performance? 5. Other than performance evaluation, what reasons are there for calculating variances? 6. What future problems could result from Best Bikes’ decision to buy a lower quality of titanium from the online marketplace?Cost of titanium$ 18 per poundTitanium used per bicycle8 lbs. Cost of titaniumTitanium used per bicycle$ 18 per pound8 lbs. Bicycles produced400Titanium purchased5. 200 lb. For $88. 400Titanium used in production4. 700 lb. Bicycles producedTitanium purchasedTitanium used in production4005. 200 lb. For $88. 4004. 700 lb.
1. Direct materials price variance: $7,600 (Unfavorable)
Direct materials efficiency variance: $4,800 (Favorable)
- Direct materials price variance: It measures the difference between the actual cost paid for materials and the standard cost of materials, multiplied by the actual quantity used.
- Direct materials efficiency variance: It measures the difference between the standard quantity of materials allowed for the actual output and the actual quantity used, multiplied by the standard price.
2. The direct materials price variance may be explained by the difference in the cost of titanium purchased from the online marketplace compared to the standard cost. The direct materials efficiency variance may be influenced by factors such as production process improvements, skilled labor, or equipment upgrades that resulted in a more efficient use of titanium.
3. Switching suppliers to purchase titanium from the online marketplace may not be a good idea for Best Bikes if the lower quality of titanium negatively affects the quality and performance of the bicycles. The potential future problems resulting from using lower quality titanium can impact customer satisfaction, reputation, and increase maintenance or warranty costs.
4. Performance evaluations should consider factors beyond price variances for the purchasing manager and efficiency variances for the production manager. Other factors like quality, customer satisfaction, and overall cost-effectiveness should be taken into account. Understanding the causes of variances is crucial for Katharine Johnson to make fair and informed evaluations of individual performance and to identify areas for improvement.
5. Other reasons for calculating variances include identifying inefficiencies, cost control, assessing the effectiveness of production processes, providing feedback for improvement, and identifying opportunities for cost savings and optimization.
6. Buying lower quality titanium from the online marketplace can lead to future problems such as reduced product quality, increased product failure or breakdowns, higher customer complaints, decreased customer satisfaction, increased warranty claims, and potential reputational damage for Best Bikes. These problems can result in increased costs for repairs, replacements, and customer service, and can negatively impact the company's brand image and customer loyalty.
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Suppose that if your income is $100,000, your tax is $20,000, but if your income is $200,000, your tax is $45,000. Such a tax is
Answer:
"Progressive" would be the correct answer.
Explanation:
A Progressive tax was indeed determined by the capability of the tax authorities to charge or compensate. It wants to inflict a lower corporate rate of taxation on low-wage earners unlike those with maximum income levels. This would be generally accomplished by establishing taxation levels for the group of tax-paying citizens based on income frequencies.That is why the aforementioned seems to be the correct approach.
According to employer surveys, one of the primary challenges of Generation Y employees is their ________.A) inability to use information technology B) inadequate multi-tasking skills C) inability to balance work and familyD) need for constant praise and recognition
According to employer surveys, one of the primary challenges of Generation Y employees is their need for constant praise and recognition.
This is often attributed to their upbringing, where they were frequently rewarded for even small achievements.
As a result, they expect similar levels of recognition in their professional lives, which can be seen as a challenge for employers who may not have the time or resources to provide constant feedback.
While this need for recognition can be perceived as a negative trait, it can also be a positive motivator for Generation Y employees.
Employers who provide regular feedback and recognition for good performance may find that their Gen Y employees are more engaged, motivated, and productive in the workplace.
Additionally, offering opportunities for growth and development can also help satisfy this need for recognition and keep Gen Y employees motivated and invested in their work.
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Businesses use a number of methods to create a good picture of their customer base. This market research can help companies to validate their ________
Businesses use a number of methods to create a good picture of their customer base. This market research can help companies to validate their target marget.
What is a target market?This is a market for whom the goods that are being produced or the services rendered are aimed at.
They are the ones that would be the potential customers of the business that is being set up.
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during george bush's presidency there was a strong negative correlation between the stock market performance and his approval ratings. therefore, it can be concluded that: g
During george bush's presidency there was a strong negative correlation between the stock market performance and his approval ratings.
Who was president when the stock market crashed in 2008?George W. Carter made early attempts to deregulate and rethink the regulatory state, which is commendable, but he lacked the gravitas and the ideological zeal to pull off anything like the Reagan Revolution that would follow him. These issues are consistent with the September 2008 aspects of the subprime mortgage crisis, which prompted the Emergency Economic Stabilization Act of 2008, which was signed into law by U.S. President George W. Carter.Nevertheless, while his administration, the stock market did manage to return 6.9% annually.During Carter's presidency, the stock market's astonishing level of stagnation was almost unreal.The smallest shift since Taft's fall of 0.56% was merely 1.25 percent at the finish line.
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What is a good reason to contribute to a 401(k) retirement account?
It helps employees pay monthly expenses.
It guarantees the same salary after age 70.
The money in the 401(k) account doubles each year.
The money in the 401(k) account is not taxed until withdrawn.
Answer:
The money in the 401(k) account is not taxed until withdrawn.
Explanation:
A 401 (k) can be defined as a type of compensation (savings) plan that is being sponsored by a business firm or company (employer) to avail its employees the opportunity to contribute into. As a company-sponsored and defined-contribution retirement savings plan, it offers tax advantages to the employees because it reduces their income tax for the particular year while taxing their withdrawals.
A good reason to contribute to a 401 (k) retirement account is that, the money in the 401 (k) account is not taxed until withdrawn. Thus, the money contributed by an employee to a 401 (k) will maintain its tax-deferred status until he or she withdraws it.
For example, a 401 (k) would be the best retirement savings option for a 50-year old medical doctor whose employer offers a 5% contribution match.
Heidi thought she had done everything right to prepare for her math test. She had studied over the last week instead of waiting till the last minute. She got eight hours of sleep, woke up early, and ate a nutritious breakfast. She got to her seat in class early with the materials she would need for the test. However, as the teacher began handing out the test, she panicked.
What could help Heidi reduce her test anxiety?
use flash cards to study for the test
eat something sugary for energy
do visualization and deep breathing
see herself doing poorly on the test
Answer:
C. do visualization and deep breathing
Explanation:
Edge 2021
Deep breathing and visualization is regarded as a proven method for the purpose of relaxation from the panic situations, and this must be done by Heidi to reduce her anxiety.
What are panic situations?The situations that may bring anxiousness in the regular course of life for a person are regarded as panic situations. This may happen on important occasion in the respective lives of people.
To get relaxed from the anxiety of such situations, like the math test of Heidi in the given example, she must practice deep breaths and visualize whatever her preparations have been for the test.
Hence, option C; Heidi shall practice things like deep breathing and visualization to get out of the anxiety she got in the panic situations of her math test.
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In a competitive market, an individual firm chooses:
(1) the price of the commodity, which determines their quantity produced.
(2) their quantity produced, which determines how much the commodity is sold for.
(3) their quantity produced, but the market determines how much the commodity is sold for.
(4) neither their quantity produced nor the price it sells for
In a competitive market, an individual firm's choices are influenced by market forces. The correct option is (3): the firm determines its quantity produced, but the market determines how much the commodity is sold for.
Here's a step-by-step explanation:
1. In a competitive market, there are many buyers and sellers, and no individual firm has control over the market price.
2. The firm decides how much quantity it wants to produce based on factors such as cost, demand, and profit maximization.
3. Once the firm determines its quantity produced, it offers the commodity for sale at the prevailing market price.
4. The market price is determined by the interaction of supply and demand forces in the market.
5. If the firm wants to sell more quantity, it may have to lower the price to attract buyers. Conversely, if it wants to sell less quantity, it may raise the price.
6. The firm's decision regarding the quantity produced directly influences the price at which the commodity is sold in the market.
In summary, while the firm determines its quantity produced, the market forces determine the price at which the commodity is sold.
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discuss a time that you made a decision based on data. how did the data influence a good or bad decision making process? make sure to choose an example and to describe it in such a way that clearly illustrates your analytical and problem-solving abilities.
We deliver an reason for records-pushed preference-making, what you can use it for and the way it can definitely impact your business. Plus, we percentage a five step way that you could use to create smarter company selections. the world is being overrun with information.
Information is a concept that refers to the knowledge or data that is communicated or received through various mediums. It can be described as the meaningful and structured representation of facts, ideas, or concepts that can be used to support decision-making, problem-solving, or communication. Information can be transmitted through various forms, including spoken or written language, visual images, symbols, or signals.
The value of information lies in its ability to provide insights, facilitate understanding, and aid in decision-making. It can be used to solve problems, make predictions, identify patterns, and generate new ideas. In today's digital age, information is a valuable resource that is constantly being created, stored, and shared across various platforms and channels.
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A governmental unit establishes a central motor pool مجمع مركزي للسيارات to provide service to governmental departments and agencies. The pricing objective of the central motor pool is to break-even by charging all agencies a user fee. What type of fund should be established for this activity?→→ Enterprise Fund True O False O
The governmental unit should establish an Internal Service Fund (ISF) for the central motor pool activity. Option C is correct.
What is an Internal Service Fund?An Internal Service Fund (ISF) is a government accounting term that refers to a self-balancing set of accounts that report both the costs of goods or services provided to other funds, departments, or agencies within the government and the revenues received for the services or goods.
This type of fund is used by a government entity to account for services and goods supplied to other units within the same entity.
How do Internal Service Funds operate?An ISF is a self-supporting, self-funded operation that is financially self-sustaining. It achieves this through a user fee mechanism, where it charges the other departments or agencies in the government for its services, with the fees sufficient to cover the costs of providing the services and generate a surplus, which is kept in the ISF account to reinvest in the operation and fund any necessary equipment or facilities upgrades.
Option C is correct.
The complete question:
A governmental unit establishes a central motor pool to provide service to governmental departments and agencies. The pricing objective of the central motor pool is to break-even by charging all agencies a user fee. What type of fund should be established for this activity?
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When you put a check you received in the bank, you have immediate access to the money.
True or False.
Answer:
this is true hope this helps
Explanation:
What type of marketing is generally characterized by limited communications and little or no ongoing relationship between the buyer and seller?.
A type of marketing that is generally characterized by limited communications and little or no ongoing relationship between the buyer and seller is transactional marketing.
What is transactional marketing?
Transactional marketing is one business strategy that focuses on single "point of sale" transactions. This strategy emphasizes is on maximizing the volume and efficiency of individual sales rather than developing a relationship with the buyer. The advantage of this strategy is the cost-effective strategy to build a sales model. It's because the strategy doesn't focus on brand image and the promotional costs are low. The example of transactional marketing is a shopping channel on TV advertising a new product and provides a phone number or website to buy the product in that moment.
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inflation does not affect both local and international business true or false
Answer:
true
Explanation:
inflation effects every aspect of the economy
The assertion is incorrect. International and domestic companies are both impacted by inflation. Every sector of the economy is impacted. As a result, choice (B) is accurate.
What is inflation?
In economics, inflation refers to a broad increase in the cost of products and services across the board. The purchasing power of money decreases when the general price level rises, which is why inflation is often known as a rise in prices.
Deflation is the antithesis of inflation and refers to a persistent drop in the general level of prices for goods and services. The inflation rate, which is the annualized percentage change in a general price index, is a commonly used indicator of inflation.
The majority of economists concur that chronic excessive expansion in the money supply is the primary driver of high inflation as well as hyperinflation, both of which have extremely disruptive consequences on the actual economy.
Hence, option (B) is the right answer to this question.
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How do you make a profit in a bond?
Answer:
Hold those bonds until their maturity date and collect interest payments on them. The second way to profit from bonds is to sell them at a price that's higher than what you pay initially.
Explanation:
As there is to everything, not only are there advantages, but there are disadvantages as well in bonds. Just sayin'
Cookie Company
You and your roommate are preparing to launch Kristen's Cookie Company in your on-campus apartment. The company will provide fresh cookies to hungry students late at night. You need to evaluate the preliminary design for the company's production process in order to make key policy decisions, including what prices to charge, what equipment to order and how many orders to accept, and to determine
whether the business can be profitable.
Business Concept
Your idea is to bake fresh cookies to order, using any combination of ingredients that the buyer wants. The cookies will be ready for pickup at your apartment within an hour.
Several factors will set you apart from competing products such as store-bought cookies. First, your cookies will be completely fresh. You will not back any cookies before receiving the order; therefore, the buyer will be getting cookies that are literally hot out of the oven.
Second, like many Boston-based area ice-cream shops, you will have a variety of ingredients available to add tot he basic dough, including chocolate chips, M&M's, chopped Heath bars, coconut, walnuts, and raisins.Buyers will telephone in their orders and specify which of these ingredients they want in their cookies. You will guarantee completely fresh cookies. In short, you will have the freshest, most exotic cookies anywhere, available right on campus.
The Production Process
Baking cookies is simple: place all the ingredients in a mixing bowl and mix them; spoon the cookie dough onto a tray; put the cookies into the oven; bake them; take the tray of cookies out of the oven; let the cookies cool; and finally, take the cookies off the tray and acrefully pack them in a box. You and your roommate already own all the necessary capital equipment: a high capacity professional-grade electric mixer, cookie trays, and spoons. Your apartment has a small oven that will hold one tray at a time. Your landlord pays for all the electricity. The variable costs, therefore, are merely teh cost of the ingredients (estimated to be $0.60/dozen), the cost of the box in which the cookies are packed ($0.10 per box; each box holds a dozen cookies), and your time (what value do you place on your time?).
A detailed examination of the production process, which specifies how long each of the steps will take, follows. The first step is to take an order, which will be extremely fast and 100% accurate, since your roommate has devised a method using the campus e-mail system to accept orders and to inform customers when their orders will be ready for pickup. Because this runs automatically on your personal computer, it does not take any of your or your roommate's time. Therefore, this step will be ignored in further analysis.
You and your roommate have timed the necessary physical operations. The first physical production step is to wash out the electric mixer's bowl and beaters from the previous batch, add the ingredients to the bowl, and turn on the mixer to mix the ingredients. The electric mixer can hold and mix ingredients for up to three dozen cookies. You then spoon the cookies, one dozen at a time, onto a cookie tray. These activities take 6 minutes for the washing and mixing steps, regardless of how many cookies are being made in the batch. That is, to mix enough dough and ingredients for three dozen cookies takes the same 6 minutes as for one dozen cookies. However, spooning the cookies onto the tray takes 2 minutes per tray.
The next step, performed by your roommate, is to put the cookies in the oven and set the thermostat and timer, which in total takes about 1 minute. The cookies bake for the next 9 minutes. So total baking time is 10 minutes, during the first minute of which your roommate is busy setting the oven. Because the oven only holds one tray, a second dozen takes an additional 10 minutes to bake.
Your roommate also performs the last steps of the process by first removing the cookies from the oven and putting them aside to cool for 5 minutes, then carefully packing them in a box and accepting payment. Removing the cookies from the oven takes a negligible amount of time, but must be done promptly. It takes 2 minutes to pack each dozen and about 1
minute to accept payment for the order.
This is the process you plan to use to produce cookies by the dozen at Kristen's Cookie Company. As experienced bakers know, a few simplifications were made in describing the actual cookie production process. For example, the first batch of cookies for the night requires preheating the oven. However, such complexities will be put aside for now.
1. Begin your analysis by developing a process flow diagram of the cookie-making process.
2. How many one dozen orders can you fill in a night assuming you are open four hours each night? (The answer is 26 dozen. Please explain how you arrived at approximately this number.) What is the bottleneck?
3. In planning for the ongoing capacity of KCC, should you use a capacity cushion?
1. The process flow diagram illustrates the steps involved in Kristen's Cookie Company's cookie-making process, from order placement to the final delivery. 2. Approximately 26 dozen one dozen orders can be filled in a night, assuming the business is open for 4 hours. 3. It is recommended to incorporate a capacity cushion in the ongoing capacity planning for KCC.
1. Process Flow Diagram:
The process flow diagram for Kristen's Cookie Company's cookie-making process can be represented as follows:
Order -> Wash and mix ingredients -> Spoon cookies onto tray -> Oven baking -> Cool cookies -> Pack cookies -> Accept payment
2.Calculation of One Dozen Orders:
To calculate the number of one dozen orders that can be filled in a night, we need to consider the time required for each step of the process and the available operating hours.
Washing and mixing ingredients: 6 minutes
Spooning cookies onto tray: 2 minutes per tray (each tray holds one dozen cookies)
Oven baking: 10 minutes per tray (each tray holds one dozen cookies)
Cooling cookies: 5 minutes
Packing cookies: 2 minutes per dozen
Accepting payment: 1 minute per dozen
Operating hours: 4 hours
Let's calculate the time required to fulfill one dozen orders:
Washing and mixing ingredients: 6 minutes
Spooning cookies onto tray: 2 minutes
Oven baking: 10 minutes
Cooling cookies: 5 minutes
Packing cookies: 2 minutes
Accepting payment: 1 minute
Total time required per dozen: 6 + 2 + 10 + 5 + 2 + 1 = 26 minutes
Now, we need to calculate how many batches of one dozen cookies can be made in 4 hours:
Number of minutes in 4 hours = 4 hours * 60 minutes/hour = 240 minutes
Number of one dozen orders = 240 minutes / 26 minutes per dozen ≈ 9.23 dozen
Therefore, approximately 9 dozen (or 26 dozen) orders can be filled in a night, assuming the business is open for 4 hours each night.
Bottleneck: The bottleneck in the process is the oven baking step, which takes 10 minutes per tray. As the oven can only hold one tray at a time, this step limits the overall production capacity.
3. Capacity Cushion
In planning for the ongoing capacity of Kristen's Cookie Company (KCC), it is advisable to incorporate a capacity cushion. A capacity cushion is an additional capacity beyond the expected demand that allows for flexibility, accommodates fluctuations in demand, and provides a buffer for unexpected events.
Factors to consider when determining the capacity cushion for KCC:
Variability in demand: If the demand for cookies fluctuates significantly, a larger capacity cushion may be needed to meet peak demand periods.
Flexibility and responsiveness: A smaller capacity cushion allows for quicker response to changing customer orders and reduces the risk of inventory spoilage or obsolescence.
Cost considerations: A larger capacity cushion incurs higher fixed costs due to the need for additional resources, such as equipment and labor.
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When A customer returns goods to the business
Answer:
If there's no options to select it would be a refund which that customer can exchange that item for a different or identical item or they can get store credit or money back
Explanation:
Sometimes applicants are not hired solely because of a wrong impression the employer received during the interview.
Please select the best answer from the choices provided
OT
OF
The correct answer is T (True)
Explanation:
In the process of hiring a new employee, there are many factors employers consider such as experience, knowledge, communicational skills, among others. Besides this, one of the factors that influence employers in this process is the impression they have about candidates. For example, a candidate without enough experience or knowledge might still be hired if the employer had the impression that the candidate is willing to learn and is interested in the job. In the same way, applicants with enough experience and knowledge might not be hired if the employer has a negative impression of them. Thus, it is true some applicants might not be hired only because of a wrong or negative impression the employer had about them during the interview.
Answer:
true
Explanation: