if a manager measures which location has the most traffic and includes that information in a model to predict store profits by location, which management perspective is she using

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Answer 1

if a manager measures which location has the most traffic and includes that information in a model to predict store profits by location, she is using Quantitative management perspective.

The quantitative method applies statistics, optimization models, information models, computer simulations, and other quantitative tools to the management process. The core of the quantitative approach is the notion that organizations are units of decision-making.

The development of mathematical and statistical models to represent a system, process, or relationship simply using models, equations, and formulas is the main focus of this branch of management theory. These methods aid managers in maximizing the production of goods and services using organizational resources.

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the charter of a corporation provides for the issuance of 100,000 shares of common stock. assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. what is the amount of cash dividends to be paid if a $3 per share dividend is declared? a.$105,000 b.$15,000 c.$500,000 d.$120,000

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The amount of cash dividends to be paid if a $3 per share dividend is $105,000.

What Is a Cash Dividend? 

Take

40,000 - 5,000 = 35,000

then multiply 35,000 by 3 to get $ 105,000.

cash dividend = 35000* 3 = 105,000

A cash dividend is a payment made from a company's current earnings or accumulated profits that is normally distributed to stockholders. Contrary to stock dividends or other forms of value, cash dividends are paid out in cash.The board of directors must decide to pay a cash dividend, there must be enough cash on hand, and there must be enough retained earnings in order to do so.Cash dividends are among the best forms of income from stocks if you want it on a regular basis.

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louvers, incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on may 31. louvers plans to prepare financial statements as of june 30, the end of its fiscal year. prepare the necessary june 30 adjusting entry for louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns

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The interest of $750 (computed as $15,000 × 10% × 180/360) is due at maturity. Between June 30 and November 27, a total of 150 days passed.

The November 27 entry has a debit to Cash for $15,750 (computed as $15,000 + $750),a credit to Interest Revenue for $625 (computed as $15,000 × 10% × 150/360), a credit to Interest Receivable for $125, and a credit to Notes Receivable for $15,000 (the principal).

In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is earned by the lender on the use of the funds or paid by the borrower on the use of those funds.

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in 2007, (nominal) interest rates were about 4.5% and inflation was about 2.8%. what was the real interest rate in 2007? group of answer choices

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The real interest rate in 2007 is 1.045 / 1.028 = 1.0165; real rate = 1.65%

Interest is the price from a borrower or deposit-taking economic group to a lender or depositor of an amount above reimbursement of the foremost sum (this is, the quantity borrowed), at a particular rate.[1] it is wonderful from a rate which the borrower may also pay the lender or a few third parties. it's also awesome from dividend which is paid through a corporation to its shareholders (proprietors) from its profit or reserve, but not at a particular price determined in advance, as a substitute on a pro-rata foundation as a percentage inside the reward won by way of chance taking marketers while the revenue earned exceeds the whole expenses.

For instance, a client might generally pay hobby to borrow from a bank, so that they pay the bank a quantity that's extra than the quantity they borrowed; or a patron may additionally earn interest on their financial savings, and so they'll withdraw extra than they in the beginning deposit. On their financial savings, and so they'll withdraw extra than they in the beginning deposit.

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what method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making?

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Alternative dispute resolution is the method of handling conflict uses an independent third party and avoids the costs of litigation and unilateral decision making.

What do you mean cost?

A cost is the value of money that's been used to create something or deliver a service and is now unavailable for use in manufacture, doing research, selling it to consumers, and preserving bank documents. When calculating a purchase price, the sum of the acquisition's costs is taken into account.

What are cost examples?

Raw materials, personnel, and other output expenditures such as distribution charges are all called strategic costs. It is simple to link the expense to a specific project, division, or product.

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a loan with borrow options that can be long term with periodic adjustments or short term with more frequent adjustments to the rate is a(n) mortgage.

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A (n) renegotiable rate mortgage is a loan with borrow options that can be short-term with more frequent rate adjustments or long-term with periodic adjustments.

What is a mortgage with a balloon rate?

At the end of the loan term, a balloon payment is a one-time payment that is larger than usual.If you have a mortgage with a balloon payment, you might pay less in the years before the balloon payment is due, but you might end up with a large balance at the end of the loan.

What kind of loan has a variable interest rate over the course of its term?

A loan with a fixed rate has an interest rate that stays the same throughout the borrowing period, whereas a loan with a variable rate has an interest rate that fluctuates over time. Fixed rate loans, whose costs will never change, are typically preferred by borrowers who value predictability in their payments.

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dr. rick torres runs a chiropractic clinic. he typically bills his customers for services he performs and gives them about 30 days to make the payments. these amounts of money that his customers owe are called

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Dr. Rick Torres runs a chiropractic clinic. he typically bills his customers for services he performs and gives them about 30 days to make the payments. these amounts of money that his customers owe are called accounts receivable.

What are accounts receivable.?

Generally, The term "accounts receivable," also known as "AR" or "A/R," refers to a company's legally enforceable claims for payment for goods supplied or services provided that customers have ordered but haven't paid for.

Customers' outstanding debts for products or services they have received but haven't yet paid for are referred to as accounts receivable. For instance, the amount owing when clients buy things on credit is added to the accounts receivable.

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how would you justify the use of protective and protective tariffs in today's global markets? give some recent examples.

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Protective tariffs are beneficial if they are imposed to safeguard a market. There will be market failure if there is a greater supply of imported items on the market.

The industries of the nations producing goods could fail, which would finally end the manufacturing of goods. For instance, protective tariffs are put on imported Japanese wheelbarrows to compel a price hike if a wheelbarrow built in Japan costs $50 in the US and a wheelbarrow created locally is likewise priced at the same level. Protective tariffs market aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

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frolic corporation has budgeted sales and production over the next quarter as follows: julyjuly augustaugust september september sales in units sales in units 47,000 59,000 ? production in units production in units 47,500 59,300 63,650 the company has 5,400 units of product on hand at july 1. 10% of the next month's sales in units should be on hand at the end of each month. october sales are expected to be 78,500 units. budgeted sales for september would be (in units):

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The budgeted sales for September are 62,000 Units.

Budgeted Production in Units, September = Budgeted Sales, September + Desired Ending Inventory - Beginning Inventory

Desired Ending Inventory, September = October Sales * 10%

Desired Ending Inventory, September = 78,500 *10% = 7,850 Units

Let the September Sales be "x" units

Beginning Inventory, September = x * 10% = 0.10x

63,650 = x + 7,850 - 0.10x

55,800 = 0.90x

X = 62,000 Units

Therefore, the budgeted sales for September are 62,000 Units.

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if the bidders at an oral auction have true values of $78, $72, $66, and $65, the item will sell for:

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If the bidders at an oral auction have true values of $78, $72, $66, and $65, the item will sell for just under $78.

In the field of sociology, an oral auction can be described as a type of auction in which bidding for a project or thing is done orally. The bidding continues until the highest value is received and just that highest value remains.

Instead of normal bidding, a person has to pay money lesser than the highest value that was given in the bid. In the scenario above, as the highest value given was $ 78, so the person will have to pay a value lesser than $78.

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For a bond investor selecting a buy-and-hold strategy, which of the following would be the least important consideration?a. Term to maturityb. Indenture provisionsc. Coupon levelsd. Liquiditye. Quality

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For a bond investor selecting a buy-and-hold strategy, the least important consideration is Liquidity Option D

What is Liquidity?

Generally, In the fields of business, economics, and investment, the characteristic of a market known as market liquidity refers to the ease with which an individual or company can quickly buy or sell an asset without causing a significant shift in the price of that asset.

The trade-off between the price at which an asset can be sold and how quickly it can be sold is what is meant to be understood by the term "liquidity."

The level of investor liquidity should be the least of a bond investor's concerns when choosing a buy-and-hold investment strategy.

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numerous environmental laws and regulations have recently changed. senior management has asked the chief audit executive to perform an environmental audit to be completed as soon as possible. the internal audit activity currently is performing an operational audit. as a result, the chief audit executive must make difficult decisions about resource allocation. which of the following is the least significant issue in determining whether to reallocate audit resources? the results from the prior financial audits. the potential fraud discovered during the operational audit. potential cost to the organization for noncompliance with the new environmental laws and regulations. the knowledge, skills, and competencies of the internal audit staff.

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The least significant issue is the results from the prior financial audits in determining whether to reallocate audit resources.

Allocation of resources is done by the internal auditors after analyzing and determining the availability of resources in order to establish the engagement objectives in the environmental audits. There are certain factors that need to be considered in the allocation process:

Full information regarding both ongoing audits and new engagements.The consequences of not completing either engagement within a time limit.The knowledge, skills, and competencies regarding allocating resources and precision work of the internal audit staff with due professional care.

Knowing prior audit details is irrelevant and least significant in determining of reallocation of resources.

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in deciding whether to establish a foreign operation, which is not a tax related factor might a multinational corporation (mnc) consider? group of answer choices different labor costs different income tax rates from competing investment locations the tax treatments of branches versus subsidiaries withholding rates on dividend and interest payments

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After-tax returns from competing investment locations, The tax treatments of branches versus subsidiaries, Withholding rates on dividend and interest payments are not a tax related factor might a MNC's consider.

Any investment return that is profitable after deducting the cost of taxes is known as an after-tax return. The after-tax return is frequently used by high-income investors and businesses to calculate profits. To determine the pretax rate of return, an after-tax return can be expressed numerically or as a ratio.

For individual investors, the performance data is broken down into "real-life" form using after-tax returns. High-yield stocks and municipal bonds help investors in the highest tax bracket increase their after-tax returns. High tax rates apply to capital gains from short-term investments as a result of frequent trading.

Only income received and expenses incurred during the reporting period should be included when figuring the after-tax return.

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which of the following statements is true about foreign bonds? a. the interest rate on foreign bonds is adjusted annually for exchange rate fluctuations. b. the term eurodebt specifically applies to any foreign bonds denominated in u.s. dollars. c. the interest rate on foreign bonds is adjusted annually for inflation. d. foreign bonds are bonds sold in a foreign country and are denominated in the currency of the country in which the issue is sold. e. foreign bonds are bonds sold by a foreign borrower but convertible to bonds issued in the foreign country.

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The interest rate on foreign bonds are adjusted annually for inflation.

Foreign bonds are sold in a foreign country and denominated in the currency of the country in which it is sold.

Foreign bonds are sold by a foreign borrower but convertible to bonds issued in the foreign country.

What is a foreign bond in finance?

Foreign bond denominated in the local currency of the country where the bond is issued, issued by a foreign borrower, and registered for sale to investors in the country where it is issued.

What is a foreign bond example?

Examples of foreign bonds are:

Yankee bonds traded in the United States.Bulldog bonds traded in the United Kingdom.Samurai bonds traded in Japan.Matador bonds traded in Spain.

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19 a project will give a one-time cash flow of $24000 after one year. if the project risk requires a return of 11%, what is the levered value of the firm with perfect capital markets? a.$ 17,297 b.$ 25,946 c.$ 21,622 d. more information needed

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The levered value of the firm with perfect capital markets is $21,622.

What is capital?Capital is a broad term for anything that gives value or utility to its owner. For example: Factories and their machinery, intellectual property such as patents, or  financial assets of companies and individuals. While money itself can be interpreted as capital, capital is more commonly associated with cash used for production and investment purposes. In general, capital is a key factor in running a business on a day-to-day basis and funding future growth. When budgeting, businesses of all types typically focus on three types of capital: working capital, equity  and debt. One financial services firm recognizes trading capital as his fourth factor.

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suppose that total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. what can we conclude about the concentration ratio?

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Suppose that total sales in an industry in a particular year are $600

The concentration ratio of industry is 83.33%

Calculating the problem:

Concentration ratio is the sum of the sales by corporations to the total market share.

The concentration ratio = ($200 million + (150 million) + ($100 million) + ($50 million)/$600 million

                                           = $500 million / $600 million

                                             =83.33%

What's the meaning of concentration rate?

The concentration rate is calculated as the sum of the request share chance held by the largest specified number of enterprises in an assiduity. The concentration rate ranges from 0 to 100, and an assiduity attention rate indicates the degree of competition in the assiduity.

What's high concentration rate?

A high concentration rate indicates that a many enterprises produce utmost of the assiduity affair and may indicate a significant quantum of request power in the assiduity. High concentration rates don't inescapably indicate request power.

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the outstanding bonds of winter time products provide a real rate of return of 5.6 percent. the current rate of inflation is 4.68 percent. what is the actual nominal rate of return on these bonds?

Answers

The nominal rate of return on these bonds is 10.54%.

What are nominal rate ?

Prior to accounting for inflation, the interest rate is referred to as the nominal interest rate. Additionally, it describes the rate that is stated in the loan agreement without taking compounding into account. The real interest rate for inflation adjustments and the effective interest rate for compounding adjustments are different from the nominal interest rate.

The supply and demand of money, federal government activity, the central bank's monetary policy, among many other things, can all have an impact on nominal interest rates.

The short-term nominal interest rate is a tool used by central banks to conduct monetary policy. In order to boost economic activity during a recession, the nominal rate is decreased. The nominal rate is increased during inflationary times.

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copper corporation sold machinery for $47,000 on december 31, 2018. the machinery had been purchased on january 2, 2015, for $60,000 and had an adjusted basis of $41,000 at the date of the sale. for 2018, for purposes of section 1245, what should copper corporation report?

Answers

The deal generates a profit of $6,000 as a result. The amount of money you make each year is your ordinary income.

Your regular pay as well as any bonuses, commissions, overtime, or tips collected are all included in your income. Gross annual income and net annual income are two different terms that may be used to describe it.

The total amount of money made throughout a fiscal year is referred to as annual income. Net annual income is the amount left over after all deductions have been made, while gross annual income refers to all profits before any deductions are made. Both individuals and corporations can use this idea while completing their yearly tax returns

A $6,000 ordinary income on average

2019 copper should report a typical year.

earning $ 6000

The machinery cost $ on the initial purchase.

The adjusted basis, which is $, equals the book value.

41.000.00

marketed for $47,000.00

Gain or loss: book value minus selling price.

= $ 47,000- $41,000

= $ 6000

The deal generates a profit of $6,000 as a result.

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How many more monthly payments are made for a five-year loan than for a two-year loan?.

Answers

Answer:

36

Explanation:

how would you calculate the transfer tax if it's $0.35 per $1,000 of the sales price, which was $400,000?

Answers

The way of calculation of transfer tax is (400,000 ÷ 1,000) x .35.

What is transfer tax?

When property is transferred from one person or entity to another, a fee called a "transfer tax" is assessed. A state, county, or municipality may impose a transfer tax. The majority of the time, it is not deductible from federal or state income taxes, though it might be included in the cost basis when determining the profit from the sale of securities and investment property. Some states classify transfer tax as an excise tax. State, county, or municipal authorities may charge a transfer tax on real estate in exchange for the right to transfer real estate within their borders. A legal deed, certificate, or title that is transferred from a seller to a buyer is effectively taxed by the government.

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what might explain why the insurance companies would require a slightly higher effective annual yield on the coupon bonds compared to the bonds with no coupons?

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Bonds with longer maturities yield more than those with shorter maturities under a normal yield curve. Regular coupon interest payments are like little zero-coupon bonds that mature earlier since they are due before the bond's maturity date.

Because zero coupon bonds do not offer any coupons that can be reinvested, long-term bonds have higher yields than short-term bonds under a normal yield curve. Interest payments shorten the waiting period and lower the risk, which lowers predicted returns as well.

The return on a bond when the bondholder reinvests interest payments (or coupons) at the same rate is known as the effective yield. In contrast to nominal yield, which is the reported interest rate of the investment, effective yield is the overall yield received by the investor.

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barton industries expects that its target capital structure for raising funds in the future for its capital budget will consist of 40% debt, 5% preferred stock, and 55% common equity. note that the firm's marginal tax rate is 25%. assume that the firm's cost of debt, rd, is 9.6%, the firm's cost of preferred stock, rp, is 8.8% and the firm's cost of equity is 12.2% for old equity, rs, and 12.8% for new equity, re. what is the firm's weighted average cost of capital (wacc1) if it uses retained earnings as its source of common equity? do not round intermediate calculations. round your answer to two decimal places.

Answers

WACC = Weight of debt × Pretax cost of debt× (1 - Tax) + Weight of preferred equity×Cost of preferred equity + Weight of ca) For WACC with retained earnings,

WACC = [40% × 9.6%× (1 - 25%)] + [5% × 8.8%] + [55% × 12.2%]

WACC = 0.0288 + 0.0044 + 0.0671

WACC = 0.1003

WACC = 10.03%

b) For WACC with new stock issuance

WACC = [40% * 9.6% × (1 - 25%)] + [5% × 8.8%] + [55%×12.8%]

WACC = 0.028WAC8 + 0.0044 + 0.0704

WACC = 0.10360

WACC = 10.36%

The weighted average value of capital (WACC) is the price that an agency is anticipated to pay on common to all its safety holders to finance its property. The WACC is generally called the firm's price of capital. Importantly, it is dictated through the outside market and no longer by control. The WACC represents the minimum return that a corporation needs to earn on an existing asset base to satisfy its lenders, owners, and other companies of capital, or they may make investments someplace else.

agencies raise money from a number of assets: common stock, favored inventory and associated rights, immediate debt, convertible debt, exchangeable debt, worker stock options, pension liabilities, govt inventory alternatives, governmental subsidies, and so forth. exclusive securities, which constitute extraordinary assets of finance, are predicted to generate different returns. The WACC is calculated by contemplating the relative weights of each thing of the capital structure. The extra complicated the company's capital structure, the more onerous it is to calculate the WACC.

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you find a zero coupon bond with a par value of $10,000 and 20 years to maturity. the yield to maturity on this bond is 4.2 percent. assume semiannual compounding periods. what is the dollar price of the bond?

Answers

Thus the dollar price of the bond is $4,355

What does it mean to have a bond with no coupons?

No interest is paid over the course of a bond having a zero coupon rate. Instead, buyers of zero-coupon bonds make their purchases at a significant discount to the bond's face value, which is the sum they will get when it "matures" or becomes due. With mature length, the price sensitivity rises.

Therefore, if you want to bet on interest rates moving in a certain direction, zero coupon bonds are your best choice to maximize profit from any rate movement. Zero-coupon bonds can be secured or unsecured. They are issued at a material discount to face value due to the fact that they pay all interest at maturity and make no interim payments.

Given,

The Zero coupon bond with par value = $10,000

The maturity time period (in years) = 20 years

The yield to maturity (YTM) (in percentage) = 4.2% = 0.042

The value of the bond = par value/ (1+YTM÷2)^(Maturity period)

= 10000 / (1+0.042÷2)²⁰

= 10000 /(1+0.021)²⁰

PV (price of the bond)= $4,355

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companies that advocate unity of command would be least likely to adopt which organizational structure?

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Companies that advocate the unity of command would be least likely to adopt a matrix organizational structure.

A professional in the legal industry is known as an advocate. The term has somewhat varying meanings in the legal systems of various nations. An advocate is someone who adds their voice by speaking on behalf of another person in court or by supporting or advancing a certain course of action. Advocacy definitions. a supporter of a cause, person, or idea. alternative words: supporter, exponent, proponent. Teams that have a matrix organizational structure report to various managers. Team members (remote or internal) in a matrix organization report to a project manager in addition to their department head. An organizational structure with multiple lines of reporting managers is called a matrix organization.

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Company sold inventory with a selling price of to customers for cash. It also colected sales taxes of. The journal entry to record this information includes a.

Answers

When the products are sold to the final buyer, the associated sales taxes should be deducted from the cost of inventory and recorded as an expense. The balance sheet shows the cost of inventory.

If you treat inventory as non-incidental materials and supplies, you can write off the cost of the item when it is used or consumed, not when you purchased it. The reverse of incidental materials and supplies is that you can quickly write everything off.

You give the completed

You subtract cost of commodities sold and credit the inventory of finished items. By doing this, the items are moved from inventory to costs. You would record a bookkeeping entry for a cash transaction and credit the sales revenue account for the sale when you sell the $100 item for cash.

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question content area equivalent production units are generally determined for a.conversion costs only b.direct materials and direct labor costs c.direct materials only d.direct materials and conversion costs

Answers

Conversion costs are the expenses incurred during the transformation of raw resources into finished items. Thus, calculating conversion costs necessitates taking into account both direct labour costs and manufacturing overhead costs. The answer is Conversion cost.

Additionally, expenses for utilities such as power and water that are required for production services fall under this category.Direct labour, also known as salary, refers to pay or benefits paid to workers as a result of the completion of a product. Factory overhead, on the other hand, refers to all expenditures associated with the manufacture of goods but which are not traceable, such as rent or electricity service.is understood to be the production costs necessary to transform raw resources into finished products. In order to calculate the value of ending inventory, which is then reported in the financial statements, this concept is employed in cost accounting. It can also be used to calculate the incremental cost of producing a good, which may be important for pricing decisions.Because personnel and manufacturing overhead are involved in conversion processes, the following formula is used to determine conversion costs.

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define what liquidity means by completing the following sentence. liquidity refers to a company's ability to pay for its (near/long) -term obligations.

Answers

Liquidity is the simplicity with which money can be raised to cover short-term liabilities like bills.

Stocks and bonds are examples of liquid assets since they are easily sold (although cash is, of course, the most liquid asset of all). A business needs to have enough cash on hand to pay all of its bills, pay its suppliers, pay its employees, and conduct its daily business. In the event of an emergency or other monetary setback, you have access to liquidity in the form of your emergency savings account or the cash you have on hand. Additionally, having liquidity is important since it enables you to take risks.

When wonderful possibilities present themselves, it will be easier for you to pass them up if you have access to money and resources. Liquid assets include cash, savings accounts, and checkable accounts since they can easily be changed into cash when needed.

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production part approval process (ppap) is group of answer choices a milestone of the apqp process a snapshot in time statement of conformance statement of acceptance all of the above

Answers

Production part approval process (ppap) milestone of the apqp process a snapshot in time statement. The Production Part Approval Process (PPAP) is a standardized process in the automotive and aerospace sectors that assists manufacturers.

Suppliers in communicating and approving production designs and processes prior to, during, and after manufacturing. PPAP is a byproduct of APQP. The goal of any Production Part Approval Process (PPAP) is to ensure that a supplier can meet the customer's manufacturability and quality statement. PPAPs are the responsibility of suppliers, not customers. This means that a supplier must maintain a quality system that documents all of the requirements of a PPAP submission.

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for the first few workers that a firm hires, marginal product and average product are both increasing. which is greater, marginal product or average product?

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For the first few workers that a firm hires, marginal product and average product are both increasing. Here, the Marginal product Greater Than Average product.

The marginal product is growing and is above average for the first few quantities of the variable input (workers). An increasing average product would explain this.

In this early stage of production, for instance, if Waldo (owner of Waldo's TexMex Taco World) adds a new employee, their marginal product (i.e., additional contribution) will be higher than that of the current employees. As a result, this raises the mean for all employees.

Because the marginal is greater than the average, average product continues to rise even after the law of diminishing marginal returns takes effect and marginal product declines.

The extra output produced as a result of more input going into a business is known as the marginal product.

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a customer complained about the new toaster she had purchased because, even on the lowest setting, it burned the toast. this kind of complaint is caused by the

Answers

This kind of complaint by a customer is caused by the manufacturer.

Who is a customer?

A customer is the recipient of a good, service, product, or idea in sales, commerce, or economics that they have purchased from a seller, vendor, or supplier in exchange for money or another valuable consideration. The gift economy based on favors was a mainstay of early societies. Later, as commerce grew, less long-lasting human relationships were created, relying more on momentary needs than on enduring social desires. Customers are typically defined as those who purchase goods and services, whereas clients are those who receive individualized guidance and assistance. While grocery stores, banks, and restaurants tend to prefer customers over clients, businesses like law firms, movie studios, and health care providers tend to prefer clients despite the fact that these distinctions have no contemporary semantic significance.

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true or false: there are only two basic types of businesses: service businesses and manufacturing businesses.

Answers

There are only two basic types of businesses: service businesses and manufacturing businesses, it is false.

What are two basic types of businesses?

The following are the two basic types of businesses:

Sole proprietorship - A sole proprietorship, also known as a sole tradership, individual entrepreneurship, or proprietorship, is a form of business owned and operated by a single person with no legal distinction between the owner and the business organization. A solo trader may not always work alone and may hire others.Partnerships - A partnership is an agreement in which two or more people, known as business partners, agree to work together to further their shared interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.

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