A product's conformance to specifications is independent of the quality of design. Product and process conformance refers to a product's, service's, or process's ability to meet its design criteria. Design specs are an interpretation of the customer's requirements.
Conformance refers to how well anything, such as a product, service, or system, matches a stated standard and may relate to: Conformance testing determines whether a product or system matches a predefined standard. Improves Customer Satisfaction If the company ensures that the quality of conformance of the products or services that reach the client is at least satisfactory, the customer's requests are more likely to be met.
To learn more about product, click here.
https://brainly.com/question/28813267
#SPJ4
11. a bond fund had the following yearly returns: year 1 year 2 year 3 year 4 year 5 14% 7% -3% 18% 9% what is the standard deviation of the returns?
A measure of volatility or risk is the standard deviation of returns. You might anticipate more variability in returns the higher the return standard deviation. The returns' standard deviation is 7.968.
What does risk and return standard deviation mean?The dispersion of asset prices from their average price, or market volatility, can be calculated with the use of standard deviation. A large standard deviation indicates a dangerous investment when prices move erratically. Low standard deviation indicates stable prices, which lowers the risk associated with investments.
How is the standard rate of return determined?The initial investment value is subtracted from the investment's current value, and the result is divided by the original investment value to determine a simple rate of return. The result is multiplied by 100 to be reported as a percentage.
In the given question, we use formula of standard deviation,
standard deviation= √[tex](\frac{(R-A)^{2} }{N-1})[/tex]
W= returns
A= Average return
Average return= 45/5= 9
Return (R-A) [tex](R-A)^{2}[/tex]
14% 5 25
7% -2 4
-3% -12 144
18% 9 81
9% 0 0
45 254 total
Standard Deviation= √[tex]{\frac{(R-A)^{2} }{N-1} }[/tex]
= [tex]\sqrt{\frac{254}{4} }[/tex]
= 7.968
Learn more about Standard Deviation: https://brainly.com/question/16555520
#SPJ4
sufra corporation is planning to sell 130,000 units for $3.40 per unit and will break even at this level of sales. fixed expenses will be $117,000. what are the company's variable expenses per unit?
The quantity of labor, supplies, and other resources needed to make your product is the variable cost per unit.
What is a variable cost?The total amount of labor and resources needed to make one unit of your product is what you call your variable costs. The variable cost per unit multiplied by the quantity of units generated gives you the total variable cost. Your total variable cost divided by the quantity of units produced gives you your average variable cost.To calculate variable costs, multiply what it costs to make one unit of your product by the total number of products you’ve created. This formula appears as follows:Total Variable Costs = Cost Per Unit x Total Number of Units.
3.40 * 130000= 442000.
For example, if it costs $3.40 to make one unit of your product and you’ve made 130000 units, your total variable cost is $3.40 x 130000 or $442000.To Learn more About variable cost refer to :
https://brainly.com/question/25325504
#SPJ4
in conveying property, jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. what type of deed should jayson file?
In conveying the property, Jayson does not want to make a complete warranty of the property and promises only that he has not done anything to lessen the value of the property. The type of deed that Jayson should file is a A quitclaim deed.
What is quitclaim deed.?Generally, A quitclaim is, in most cases, the official abandonment of a legal claim against another person or of a title to land. A quitclaim may also refer to the resignation of a right to land.
A person is said to have "quitclaimed" a legal claim when they "renounce" that claim, "relinquish" that claim, or "transfer" a legal interest in property.
The present owner's complete interest in the property, including any warranties or covenants attached to the title, may be transferred using a Tennessee quitclaim deed form. The present owner (the grantor) is responsible for transferring any ownership interests that are permissible under the law to the future owner (the grantee).
Read more about quitclaim deed.
https://brainly.com/question/28480021
#SPJ1
She calls and asks for your advice on both an auto loan and a credit card. * 10 point
Based on what your cousin wants to accomplish financially and her current financial obligations, would you advise her to apply for both types of credit? Why or why not? Complete responses should consider:At least 2 specific pieces of advice related to each type of credit: credit cards and auto loans. The advice should consider whether the type of credit is appropriate for a young adult like her. What trade-offs will your cousin have to make based on the advice you are giving her?
I would advice my cousin to not get a credit card as she is a young adult and should not rely immediately on credit as these are associated with a lot of terms and conditions and also dependency on credit card may lead to a negative aspect in the early stages of career.
Also i would advice my cousin to get a auto loan on the condition that he is currently financially sound enough to afford the down payments associated with the auto loan and the installments should not be more than 10% of his current salary
What is a Auto loan?
Automobiles themselves are used as collateral for secured loans like auto loans. Lenders provide it for commercial vehicles, new automobiles, used cars, two wheelers (usually referred to as a two-wheeler loan), and new and used cars (generally called a Commercial Vehicle Loan).
To know more about Auto loans and credit click,
https://brainly.com/question/12389122
#SPJ1
true or false: the principles of management are similar for a small neighborhood business and a giant global firm.
It is true that the principles of management are similar for a small neighborhood business and a giant global firm.
Any company that wants to be effective and accomplish its goals needs management. Without a leader, the organization would be in a state of chaos, with little structure and little to no concentration.
The four fundamental tasks of management are stated to be planning, organizing, leading, and controlling. Without these management principles in place, it stands to reason that a company would struggle to accomplish its goals—or even to come up with goals at all! Henri Fayol wrote a famous theory on the fundamentals of management. By using 14 concepts, it attempts to categorize management. We'll look at these fundamental management ideas and describe them using simple language.
To know more about management click here:
https://brainly.com/question/29023210
#SPJ4
a house contains 1,816 square feet. it was constructed in 2000 at cost of $74.24 per sf. the cost index at that time was 112.7. the current cost index is 164.2. what is the estimated cost to build the house today?
The following equation can be used to calculate value using the cost technique. Land value plus property value (Cost New - Accumulated Depreciation).
The approach that appraisers use most frequently to calculate the cost of replication is the square footage method. Cost Approach: This method calculates the value of real estate by subtracting the depreciation from the cost of building a new structure on the property and adding site value. Market value might not match value determined. The most popular and straightforward depreciation approach is this one. Equipment that depreciates steadily over time is what it is most commonly used for. According to generally recognized accounting standards, the straight-line technique is the simplest and most often used methodology to compute depreciation.
Learn more about depreciation here-
https://brainly.com/question/15085226
#SPJ4
fragmental company leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $1,000. fragmental collected the entire $8,000 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental company on december 31 would be:
Accounting requires the recognition of adjusting entries to conclude the company's accounting cycle. It ensures that the financial statements' balances are accurate to a reasonable degree.
On October 1, Fragmental Co. must record the $8,800 cash receipt in its book of accounts. Cash $8,800
Which of the four adjustments are they?Four Methods for Changing Journal Entries
Accrued Costs Revenues accruedexpense deferredRevenues on hold.What are examples of adjusting entries?Adjusting entries bring previous journal entries up to date, allowing revenue and expenses to be recognized when they occur. Let's say, for instance, that you bill a customer in December for $1000 in service. After the previous accounting period has ended, they then pay you in January or February.
Learn more about adjusting entries here:
https://brainly.com/question/13933471
#SPJ4
at the end of its 2021 fiscal year, a triggering event caused janero corporation to perform an impairment test for one of its manufacturing facilities. the following information is available: book value $ 65 million estimated undiscounted future cash flows 60 million fair value 50 million the manufacturing facility is:
The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.
The manufacturing facility has an impairment loss of 15 million dollars because its book value exceeds undiscounted future cash flows.
When fair value exceeds book value, what happens?An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.
How is an asset's impairment determined?Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.
Learn more about book value here:
https://brainly.com/question/23057744
#SPJ4
beta electronics issued its 5%, 10-year bonds payable at a price of $845,000 (face value is $800,000). the company uses the straight-line amortization method for the bond discount or premium. interest expense for the first year is:
The company uses the straight-line amortization method for the bond discount or premium making the net Bond Interest Expense $35,500.
$[tex]\frac{45,000}{10}[/tex] years = $4,500 per year.
The amount of cash paid for interest is $800,000 ×.05 = $40,000.
making the net Bond Interest Expense $40,000 - $4,500 = $35,500.
A part of every charge goes toward the loan essential, and an element goes towards interest. as the mortgage amortizes, the quantity going in the direction of the fundamental starts offevolved out small, and regularly grows larger month through the month.
In accounting, amortization refers to expensing the acquisition value minus the residual value of intangible property in a systematic manner over their estimated "useful economic lives" on the way to reflect their intake, expiry, obsolescence, or every other decline in price because of the use or the passage of time.
Amortization schedules show how a mortgage's most important stability owed goes down over time because of the quantities of overall most important and interest paid growth. because the loan progresses, more of a charge is applied to the essential stability owed, and much less is paid in the hobby.
To learn more about amortization visit here:
brainly.com/question/24232991
#SPJ4
the transaction used to record the receipt of cash from customers for services to be performed later would include
The transaction used to record the receipt of cash from customers for services to be performed later would include is a debit to cash and a credit to fees income.
A company's finances remain balanced thanks to debits and credits. Every transaction involving them is recorded in pairs, thus a debit to one financial account necessitates a credit to another one or a sum of credits to all other financial accounts, depending on their worth.
The foundation of double-entry accounting is this procedure. Accounts "roll up" into specific lines on a company's balance sheet or income statement, both of which depict a company's financial health, value, and profitability. This makes accuracy essential. They also assist internal and external decision-makers, including as management of the company, lenders, investors, and tax authorities.
To know more about debits click here:
https://brainly.com/question/13290364
#SPJ4
nit variable costs may be affected by all of the following except changes in the a.level of activity. b.cost per unit of direct materials. c.sales commission paid to salespeople. d.wage rate of direct labor.
Unit variable costs may be affected by level of activity
Unless there is a cost rise, unit variable costs remain constant at the per-unit level. The cost of a unit is unaffected by activity level. Say, for instance, that a salesman's compensation is $5 per unit. If sales increase, the cost of the sales commission will increase overall while being constant at the unit level. In a similar vein, even if sales drop, commission will still remain $5 per unit. Variable costs for each unit may change due to changes in material costs, direct labor rates, and sales commission. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs.
Learn more about variable costs visit https://brainly.com/question/27853679
#SPJ4
why do you think that air carriers are so mutually dependent? how have pricing practices changed since the prederegulation days? what was the major form of competition in the prederegulation era? discuss some of the causes of the price wars in the 1980s. do you foresee prices stabilizing in the next several years? why is there a tendency in oligopolistic industries toward price rigidity and nonprice competition?
Mutually dependent in pricing has created an atmosphere of predatory pricing and price competition that has dramatically reduced net profits.
Airline competition is interdependent in terms of services, pricing, routes, etc. - Pricing interdependence has led to a predatory pricing and price-competitive environment, resulting in a dramatic drop in net income. - Today, over 90% of passengers pay on average only about 30% of the full fare.
All airlines on the market plan departure time schedules and offer different fares. The basics of competition between airlines are: Customers choose by price and time, and those who see both airlines as equal choose by a secondary character called quality.
Learn more about Mutually dependent https://brainly.com/question/28436351
#SPJ4
decentralized decision making occurs when an organization has a highly structured hierarchy in which decisions are made by a few senior leaders. group of answer choices true false
The answer is true. In business, leadership is defined as a company's management's ability to set and achieve the hard goals, take quick and decisive action when necessary, exceed the competition, and motivate others to the perform at their best.
Effective the company leadership can strengthen and the promote teamwork, foster a sense of larger good, motivate and inspire trust, or provide purpose and direction. One of the benefits of leadership is that if leaders can efficiently assign duties, they can assist enhance worker decisive productivity. Good managers can identify the strengths and limitations of various people and assign tasks accordingly.
To learn more about leadership, click here.
https://brainly.com/question/28487636
#SPJ4
when a large organization has departments based on areas of production, what type of departmentalization is being utilized?
Product departmentalization is being utilized. Product departmentalization is an organisational technique in which personnel are divided into teams to work on all areas of a specific project or product line.
Every product line has its own department or team, with people specialising in various elements of product development and distribution. LA Gear is a corporation that employs product departmentalization. Its structure is built on its diverse product lines, which include women's footwear, among other things. Customer departmentalization is the grouping of activities based on common customers or customer kinds. Product departmentalization distinguishes employees based on the organization's products or services.
To learn more about product, click here.
https://brainly.com/question/22852400
#SPJ4
mary was hired as the campaign director at a non-profit environmental company. she has a masters degree in environmental sciences and possesses expert knowledge about climate change. however, a few weeks later, the board of directors of the organization showed dissatisfaction with mary's performance and asked her to step down. which of the following, if true, best explains this situation? a. mary placed too much focus on the results her team achieved b. mary was not up-to-date on different models of renewable energy c. mary had no prior experience in research and development d. mary had weak interpersonal and networking skills to run company projects
Option d; mary had weak interpersonal and networking skills to run company projects.
Social affiliations, links, or linkages between two or more persons are included in the concept of interpersonal relationships. Relationships with others differ in a number of ways, including the level of intimacy or self-disclosure they allow, as well as in terms of their duration, reciprocity, and power dynamics, to name just a few. The setting can range from relationships with family or kin, friends, partners, coworkers, clubs, communities, and places of worship to relationships in marriage and with other people. The foundation of social groupings and of society at large is relationships, which may be governed by law, custom, or mutual agreement. Interactions between people in social settings are what develop interpersonal connections.
This link may be based on inference, [more justification required] love, solidarity, support, routine business interactions, or some other sort of social connection.
Learn more about Interpersonal here:
https://brainly.com/question/15567064
#SPJ4
What type of market competition is described in the following passage?
Local power plants are typically the sole providers of electricity in their communities, and thus have significant control over output and prices. This market structure is an example of a(n) ______
Since they are frequently the only sources of electricity in their localities, local power plants have a large amount of control over output and costs. This type of market arrangement is a monopoly.
What is Monopoly?
A scenario known as a monopoly occurs when one company or individual controls the supply of a good or service. A mopolisitic market structure results from the circumstances.
As the name suggests, a monopolistic market is one where one corporation dominates the whole industry. In other words, there is simply one business that caters to the general population.
Due to the company's status as the sole provider, it is able to increase prices, limit output, and make above-average profits.
Learn more about Monopoly from here:
https://brainly.com/question/16818853
#SPJ1
what is the present value of 2900 to be recived at the beginning of each of 30 periods, discounted at 5% compunded interest
The present value of 30 periods will be $12,533,800.
Present value (PV) can be described as the future value of a future sum of money or stream of cash flows given a specified rate of return. Present value takes the future value and applies the discount rate or interest rate that can be obtained if invested.
To know how much interest over a period of time is by the equation below:
PV = Fv/ (1+r)ⁿ
Based on the scenario, we know that
Fv = face value = $2,900
r = rate of return = 5% = 0.05
n = number of time = 30
PV = Fv x (1+r)ⁿ
PV = $2,900 x (1+0.05)³⁰
PV = $2,900 x 4,322
PV = $12,533,800
Learn more about Present value at brainly.com/question/17322936
#SPJ4
uspap standards require that, when using the sales comparison approach, appraisers use how many comparables?
When using the sales comparison approach, USPAP has no requirement regarding the number of comparable sales.
What exactly is a comparable sales approach?
The comparable sales or market approach is a real estate appraisal technique that is frequently used to determine the value of the real estate in an eminent domain proceeding. The value of a property is determined by comparing it to other properties with similar features that have recently sold.
In the sales comparison approach, a minimum of three closed comparables must be reported. Additional similar sales may be reported to promote the appraiser's opinion of market value.
Therefore, If the subject property was previously closed, it can be used as a fourth comparable sale or as supporting data.
Learn more about the comparison approach from the given link.
https://brainly.com/question/16008460
#SPJ4
as long as market price remains above the average total cost, and the firm chooses the profit-maximizing level of output, it will:
As long as market price remains above the average total cost, and the firm chooses the profit-maximizing level of output, it will make profit.
What is the meaning of market pricing?Market rates is a tactic used to set the price in accordance with what is currently being paid in the marketplace for identical or comparable goods and services. Businesses are given the chance to establish higher pricing initially before lowering them to match market rates in order to remain competitive while still increasing return on investment.
Why does the market price matter?The current value of a given commodity is the point at which supply and demand for that good are equal. It is crucial for figuring out consumer surpluses, economic overages, etc. A good or service's market price may change as a result of changes or shocks with in demand and supply components.
To know more about Market price visit:
https://brainly.com/question/17205622
#SPJ4
which option would normally involve long-term financing? multiple choice purchase of modern equipment expansion current inventory unanticipated emergencies workers' salaries
The situation that would involve long term financing would be purchasing the production equipment's.
What is Long-Term Financing?
Long-term financing refers to borrowing money or taking out a loan for a period longer than a year through the sale of equity shares, another type of debt financing, long-term loans, leases, or bonds. Large projects, funding, and business expansion are the typical uses. Such long-term financing typically comes with a large amount.
Finance strategic capital projects for the company or increase business operations is the essential concept of long-term finance. These funds are typically invested in initiatives that will benefit the business in the long run.
To know more about Long-term financing refer:
https://brainly.com/question/28179556
#SPJ4
it is most difficult to recover a dissatisfied customer when: a. the customer does not complain because the organization does not ask for feedback. b. the customer does not complain because they view the problem as systematic and uncontrollable. c. the customer complains and receives an explanation but no other compensation. d. the customer complains and receives a slow response from customer service.
it is most difficult to recover a dissatisfied customer when: . the customer does not complain because the organization does not ask for feedback. Option A
What is the dissatisfied customer?Generally, When a consumer is dissatisfied with a product or service because the customer is unsatisfied with product or service, this creates a problem.
If you handle these clients with courtesy and provide them a remedy to their problems, like a refund or an exchange, you may keep them from becoming furious customers in the future.
Customer dissatisfaction is the result of your company failing in some way, whether in product quality, business conduct, pricing, or something altogether else, and it is often communicated via feedback choices such as surveys and reviews.
Customers that are unhappy with the services they get from your organization might be harmful to any area of its operations.
It is very challenging to win back a consumer who is unsatisfied under the following circumstances: the customer does not voice their discontent since the company does not solicit their opinion. Alternative A
Read more about a dissatisfied customer
https://brainly.com/question/13707862
#SPJ1
governments often promote exports by helping companies finance their export activities. which u.s. financing entity finances the export activities of companies in the united states and offers insurance on foreign accounts receivable?
Export–Import Bank of the United States is the financing entity finances the export activities of companies in the United States and offers insurance on foreign accounts receivable.
The Export Import Bank of the United States (EXIM) is the official export credit agency of the United States federal government. EXIM is an independent, self-sustaining executive branch agency with a mission of supporting American jobs by facilitating the financing of U.S. exports.
These products include short-term working capital guarantees, export-credit insurance, and direct loans. Over the past 85 years, EXIM has supported more than $600 billion of U.S. exports.
To know more about United States, click here.
https://brainly.com/question/1527526
#SPJ4
the critical path method (cpm) allows us to investigate the effects of uncertainty of activity times on the project completion time.
The statement "the critical path method (CPM) allows us to investigate the effects of uncertainty of activity times on the project completion time" is false.
What is the critical path method?The critical path method (CPM) is a project management technique used to identify the sequence of activities that must be completed to finish a project. The CPM technique starts with a list of all the activities that need to be completed as part of the project. The next step is to identify the dependencies between the activities. The dependencies can be either finish-to-start, start-to-start, or finish-to-finish. Once the dependencies have been identified, the next step is to create a network diagram.
The critical path method is the methodology through which the project scheduling is done, and then it pinpoints the tasks that are essential for the completion of a project. Hence, the effects of uncertainties are not handled in the critical path method.
It can be concluded that the statement "the critical path method (CPM) allows us to investigate the effects of uncertainty of activity times on the project completion time" is false.
To know more about the critical path method, check this link:
https://brainly.com/question/15091786
#SPJ4
______ are important because they provide utilities to consumers and have a significant positive impact on the economy.
Retailers are important because they provide utilities to consumers and have a significant positive impact on the economy.
The economic utility of a decent service is vital to know. As a result, it directly influences the demand, and thus worth, of that smart or service.
Consumerism is the concept that increasing the consumption of products and services purchased within the market is often a fascinating goal.
They provide prices within the type of client utilities. They need a positive impact on the economy. For suppliers, the foremost valuable edges provided by retailers are the opportunities they provide for reaching the supplier's target market and building products.
To learn more about retailers, visit here
https://brainly.com/question/28963307
#SPJ4
according to the affirmative-action plan required by the office of federal contract compliance programs, which term refers to a comparison of the race, sex, and ethnic composition of an employer's workforce with that of the available labor supply?
Utilization analysis refers to a comparison of the race, sex, and ethnic composition of an employer's workforce with that of the available labour supply
what is Utilization analysis?
An investigation of a workforce's demographics is known as a utilisation analysis, also known as a workforce utilisation review. The goal is to determine whether an organisation employs a particular group (such as women, minorities, etc.) at a rate that is consistent with the availability of the workforce or not.
Utilization analysis is crucial because it guarantees employees equal access to and access to opportunities. Not to mention, it motivates businesses to maintain their diversity and inclusion initiatives in accordance with the laws and guidelines overseen by the Equal Employment Opportunity Commission.
Learn more about Utilization analysis from the link below
https://brainly.com/question/26639005
#SPJ4
to measure volatility of a portfolio, all of the following would be used except: a correlation coefficient b beta coefficient c sharpe ratio d total return
To measure the volatility of a portfolio, all of the following would be used except Correlation coefficient.
Standard deviation is the maximum not unusual way to degree market volatility, and buyers can use Bollinger Bands to analyze trendy deviation.
Volatility is regularly measured from both the usual deviation or variance among returns from that identical safety or marketplace index.
In the securities markets, volatility is often related to huge swings in either course.
By spreading your investments across different assets, you're less likely to have your portfolio wiped out due to one negative event impacting that single holding.
Learn more about portfolio here: https://brainly.com/question/24811520
#SPJ4
indicate(s) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals. a. web traffic b. online reputation c. social capital d. kpi (key performance indicator) e. brand personality
Indicate KPI (key performance indicator) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals.
Key performance indicators (KPIs) are targets that help you track your progress toward your most strategic goals. While organizations might have a web site of indicators, KPIs are targets that are "critical" to your company's performance. Key performance indicators, or KPIs, should be linked to a specified business outcome and a performance metric. Consider the following example of how to create a KPI: Your company's goal is to increase monthly recurring income, so your team establishes a sales growth KPI.
To learn more about KPLs, click here.
https://brainly.com/question/13278475
#SPJ4
if a company plans to sell 48,000 units of product but sells 60,000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on
The cost data associated with the sales will be by a budget based on 60,000 units of activity.
What is a Budget?Budgets are used by governments, businesses, and individuals to estimate revenue and expenses over a specified period of time. Any financial endeavor is greatly enhanced by having a budget for a defined period, usually a year. In order for a company to operate efficiently, it needs a budget.
A budget can help set goals, measure outcomes, and plan for contingencies in addition to earmarking resources. Individuals and families can benefit greatly from personal budgets in managing their finances both short and long term.
To know more about budget:
https://brainly.com/question/17198039
#SPJ4
palmona company establishes a $200 petty cash fund on january 1. on january 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. palmona uses the perpetual system in accounting for merchandise inventory. 1. prepare the entry to establish the fund on january 1. 2. prepare the entry to reimburse the fund on january 8 under two separate situations: a. to reimburse the fund. b. to reimburse the fund and increase it to $450. hint: make two entries.
The entire expenses came to $162, leaving a $38 cash balance in the petty cash account. The petty cash account needs to be debited by $250 in order to raise the petty cash fund from $200 to $450.
In order to pay for unnecessary or trivial items like office supplies or employee reimbursements, a small amount of business money known as petty cash is commonly kept on hand (for example, in a lockable drawer or box). A petty cash fund is regularly reconciled, and transactions are also recorded on the financial accounts. Petty cash is a little amount of cash kept on the business's premises to pay for insignificant expenses. These payments can be made in the form of, among other things, cards, flowers, and office supplies. When not in use, petty cash is kept in a box or drawer that is easily accessible.
Learn more about petty cash visit https://brainly.com/question/14775155
#SPJ4
goals and objectives are an essential part of planning in that they allow an organization to do what four key activities?
The four key activities of organization planning are
1) Setting up the company-wide goals derived from corporate strategy.
2) Determining the team and department-level goals.
3) Collaboratively setting up the individual-level goals that are aligned with corporate strategy.
4) Developing the action plan.
Organization planning:
Organizational planning defines how business owners organize the day-to-day operations of a business.
Given,
Here we need to find the goals and objectives are an essential part of planning in that they allow an organization to do in the organization key activities.
According to the organization planning, the list of four important key activities in planning are listed as follows:
1) Provide guidance and direction;
2) Facilitate planning, motivate and inspire employees;
3) Help organizations evaluate and control performance.
4) Create the action plan.
To know more about Organizational planning here.
https://brainly.com/question/28713566
#SPJ4