Stanley is building a robot in the year 2054.To have the most success in this, he can Create a robot with a face that is the composite of attractive faces.
Technology:Technology makes the people a better place. It gives us the freedom to live in a better way and helps make our life easy. Technology helps in better communication, treatment of conditions, has helped passed space, and wherever you look around, it's there. It not only helps elaborate the current but also the future.
Which technology will impact the future?Artificial intelligence technology, or AI, and machine literacy relate to the capability of machines to learn and act intelligently, meaning they can make opinions, carry out tasks, and indeed prognosticate unborn issues grounded on what they learn from data.
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Your company sells 19 units at a price of $10 and must change price to $9. 90 in order to sell 20 units. What is the marginal revenue of the twentieth unit?.
The marginal revenue of the twentieth unit is $8.00. Thus, option A is correct.
What is marginal revenue?The volume of productivity and also the pricing per unit of an item that should maximize shareholder value are determined by economic metrics such as the costs of manufacturing as well as the contribution margin ratio.
The company produces 19 units for $10, but in order to sell 20 units, the price must be reduced to $9.90.
The initial price that is consumed will be
= 19 units * $10
= 190
The new price that is taken will be
= 20 units * $9. 90
= 198
The change in the price will be
= 198 - 190
= $8
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
$8.00
-$.10
$9.90
$198.00
organizations use a(n) to categorize a security threat, determine its cause, preserve any evidence, and get systems back online so they can resume business.
Organizational staff use the incidence response plan to classify threats, figure out what caused them, keep evidence safe, and get systems back online.
What are incident command's five C's?An emergency response is broken down by ICS into five manageable tasks that are necessary for emergency response operations: Finance and administration, operations, logistics, planning, and command.ICS has the same fundamental structure regardless of the kind of emergency.
What identifies and rates an organization's vulnerabilities?In a table, the vulnerabilities are listed in the risk matrix, and managers rate the level of risk they pose to operations, confidentiality, the company's reputation, finances, and system availability.
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Allison is facing challenges because of changes to the toy product lines and quality goals. Which category of pressure for organization change is she contending with? choose the correct answer.
The category of pressure Allison is contending with in the case above is competition.
In business, competition is the way in which a company or organization compete against another company or organization. It can also be defined as when a company contend with other global competitors by wanting to create unique products.
There are several types of competition in business:
Direct competition: competitors are in the same line of business.Indirect competition: competitors offer same products but have different marketing and business strategy and goals.Replacement competotion: competitors use the same resources but offer different products.Learn more about competition at https://brainly.com/question/24625436
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abc bank is a commercial bank with a 20% reserve requirement and no excess reserves. citizens deposit $80,000 in the bank. a) what is the maximum amount that abc can lend out after the new $80,000 deposit? b) what is the money multiplier for this system? c) how much does the total money supply eventually increase if abc bank makes the loan referenced in part b
The highest loan amount that ABC Bank, a commercial bank with a 20% reserve requirement and no surplus reserves, can make is $64,000 following the new $80,000 deposit. People put $80,000 in the bank.
Money held in a bank is referred to as a deposit in the financial industry. When money is transferred to another party for safekeeping, the deposit transaction is known as a deposit. A part of money, however, that is used as security or collateral for the delivery of a good is referred to as a deposit.
There are two distinct definitions of a deposit. In one type of deposit, money is given to someone else to keep safe. By this definition, a Bank deposit is any cash that an investor deposits into a savings or checking account with a bank or credit union.
In this case, the deposited funds remain the property of the individual or organization who made the deposit, and they are always free to take them out again.
a)
Required Reserve ratio =20%
New deposit of $80,000 made hence 20% of 80,000 will go to maintain reserve therefore amount left for lending is (1-0.2)(80000=$64,000
B)
Money Multiplier =1/reserve ratio=1/0.2=5
C)
When Bank makes loan Money supply increases by $64000*5=$320,000
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what is the defence of set off and why is it important in the context of an assignment of contractual rights? (2 marks)
Setoff cannot be used as an affirmative defense or to obtain affirmative relief.
The affirmative setoff defense may only be used defensively, and it does not allow recovery of the damages sought to be offset against the recovery of the opposing party, according to precedent established by the California Supreme Court.
The term "setoff" describes a creditor's legal ability to subtract a debt owing to a debtor from a claim the debtor faces due to a different transaction. Recoupment, as opposed to indemnification, demands that the claims be based on the same transaction.
The Bankruptcy Code acknowledges and upholds rights granted under non-bankruptcy law rather than establishing a new body of law that permits setoff or recoupment. To set off or reclaim a debt, a creditor must show both a claim and a legal basis under local, state, or federal law.
Recoupment and setoff are examples of affirmative defenses or counterclaims. The distinction is meaningless outside of bankruptcy.
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as you consider which communication channels to use, analyze the nature of the bad news. in research from medical and social psychology literature, researchers have identified three aspects of bad news that impact how you approach delivering it: severity, controllability, and likelihood. as controllability decreases and likelihood and/or severity increase, richer channels of communication are most appropriate. for example, laying someone off should certainly be done in person. there is no controllability (the employee cannot undo being laid off), there is complete likelihood, and there is high severity (the employee will be unemployed and potentially without income and other benefits such as health insurance). when bad news becomes more controllable, less likely, and/or less severe, less rich channels are more often justified. read the case below and answer the questions that follow. you are in the role of a manager with a lot of bad news to share today. in your current position, you're often required to deliver bad news, but rarely as much as today. you need to discontinue an account with a supplier, give a negative performance review, possibly lay off an employee, announce a change in policy that may negatively impact sales reps, and announce the possibility of workforce reduction in the future. you've decided that you probably need to lay off one of your employees. he has consistently accessed inappropriate websites that are clear violations of the company's internet policy. you gave him an official warning a few months ago. yet, he has continued to violate the internet policy. you've asked him to meet with you to discuss these violations and his employment status. this bad news is best classified as what? multiple choice high likelihood, medium severity, high controllability low likelihood, medium severity, medium controllability high likelihood, high severity, low controllability high likelihood, low severity, high controllability
The most appropriate categorization for this awful news is a high likelihood, high severity, and limited controllability.
The likelihood is very high. You've concluded that there's a good chance this employee will be let go. The severity rises. The worker's employment is in danger. Not only would he lose his job if he is dismissed, but it will also be more challenging for him to get another one.
Even if he manages to preserve his work, his reputation has suffered greatly. The employee is less subject to control. Whether he maintains his job or not, he will suffer at this point. He will struggle to repair his reputation as a persistent violator of Internet rules.
The term "categorization" describes a grouping that makes it simpler to navigate between articles. There has to be a categorization of online news.
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21. minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. throughout his life he has tinkered with innovative ideas and has invented new products. it is clear that minke possesses a high level of .
Minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. Throughout his life he has always tinkered with innovative ideas and has always invented new products. It is clear that Minke possesses a high level of creativity.
Antique restoration is the process of repairing and refurbishing antique furniture and other objects. It can be a very rewarding process, as it can help bring old pieces back to life and preserve them for future generations.
Antiques are often delicate and fragile, and rough handling can easily damage them. Different woods, metals, and fabrics will all require different treatments, and using the wrong ability can cause further damage.
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if public confidence in the state of the economy suddenly drops in the spring of 2015, from a neoclassical macroeconomic perspective, speculation in the residential housing market will stall. what term is given to describe this type of response?
The term that describes the type of response from the neoclassical macroeconomic perspective to housing speculation will stop due to the decline in public confidence in the economy in the spring of 2015 called rational expectation.
Neoclassical macroeconomics estimates that supply and demand are the main determinants of the economy, starting with goods, prices and income in the economy. When public confidence in the economy declines in the spring of 2015, the demand for property will decrease.
This is because the public will see decisions made by economic agents based on the best available information. Then the public will tend to save and secure their money for things that are more important and urgent than using it for other purposes, because in general, people already know the impact that will arise as a result of government policies. This reasoning describes a decision-making process in which economic actors possess and use all available information and are known as rational expectations.
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What was the original name of the restaurant chain now known as boston market? boston ham.
Answer: Boston Chicken
Explanation: Boston Market was known as Boston Chicken until 1995.
your employer uses a career average formula to determine retirement payments to its employees. you have 20 years of service at the company and are considering retirement at some time in the next 10 years. your average salary over the 20 years has been $50,000 and you expect this to increase at a rate of 1% a year. your employer uses a career average formula by which you receive an annual benefit payment of 5% of your career average salary times the number of years of service. calculate the annual benefit if you retire now, in 2 years, in 5 years, 8 years, and 10 years.
The average income of a person in a given profession is referred to by this phrase. This is intended to provide readers a broad notion of how much money someone in that profession may expect to make. "Median" salary is a comparable phrase that serves the same function.
The following is the annual benefit if you retire right away, in two years, five years, eight years, or ten years:
Years worked = Y; Salary: S; Average: S; Benefit annually = Y x S x 5%
1) 28, 69000, 96600
2) 31, 71500, 110825
3) 33, 73,000, 120450
The average compensation given to employees in a position reflects both the position's internal value to an organization and its market value. Average salary refers to the member's yearly earnings on average that were received or believed to have been received during the time frame.
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assume the market reaches the competitive market equilibrium, what will be the price and quantity produced and sold?
Competitive equilibrium is a circumstance in which profit-maximizing producers and utility-maximizing customers in aggressive markets with freely decided expenditures arrive at an equilibrium price.
At this equilibrium price, the quantity furnished is equal to the quantity demanded.
What happens when a market reaches its equilibrium price?A market is stated to have reached equilibrium price when the grant of goods fits demand. A market in equilibrium demonstrates three characteristics: the conduct of agents is consistent, there are no incentives for dealers to alternate behavior, and a dynamic process governs equilibrium outcomes.
Prices and quantities in aggressive equilibrium trade in response to grant and demand shocks. Price-taking behaviour ensures that all positive factors from trade in the market are exhausted at a aggressive equilibrium.
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https://brainly.com/question/13372875#SPJ4identify what is included as a form of labor? group of answer choices the equipment used by workers. the technology that workers use. the skills a worker has acquired. the facilities where worker work. previousnext
The facilities where worker work included as a form of labor. Labor acts as a foundation for exchange in addition to serving as a base for consumption and production.
To meet his daily work necessities, a guy requires a lot of different goods. He is unable to generate them all. He must trade his extra produce with others in order to meet his requirements. The Contractor shall furnish all labor, services, materials, equipment, tools, transportation, supplies, and incidentals necessary or convenient for the Contractor to production complete the construction described in the Contract and to perform all duties and obligations wholly or in part imposed by the Contract.
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which element of lean is described as a system based on making little changes on a regular basis, anywhere changes can be made, to reduce process, delivery, and quality problems?
Element of lean is described as a system based on making little changes on a regular basis, anywhere changes can be made, to reduce process, delivery, and quality problems is Uniform Plant Loading.
A buy requisition form is an inner report utilized by a worker to buy items or offerings on behalf in their firm. These purchases can be for commercial enterprise operations (together with workplace supplies), inventory, or production inputs.
Push type" means "make-to-stock," wherein the manufacturing isn't always primarily based totally on real demand. " Pull type" means "make-to-order," wherein the manufacturing is primarily based totally on real demand. A powerful shopping approach can keep your commercial enterprise money. A shopping approach defines how your agency buys things.
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yvette michaels, cfa, an analyst for torborg investments, inadvertently overhears a conversation between two executives of collective healthcare in which they mention an upcoming tender offer for network, a stock she covers. michaels has followed both companies extensively and feels their consolidation would be very beneficial for both companies. she tells her supervisor, a senior analyst, about the proposed tender offer. michaels' actions are:
Michaels has violated Standard II(A) Material Nonpublic Information.
Standard II(A) Material Nonpublic Information has been broken by Michaels. Information about a firm that has not been made public but may have an impact on the share price is referred to as material nonpublic information. It is illegal for those who possess material nonpublic information to use it for stock trading purposes. Members are forbidden from acting or causing others to act based on material nonpublic information they possess. She may not divulge the material to anyone save specific supervisory or compliance staff members at her company. It is not allowed for her to reveal compliance difficulties to a supervisor who is not listed as a designated supervisor.
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Which pricing strategy appeals to consumers because it reduces their need to spend time comparing prices at various stores?.
Everyday Low Price (EDLP) is the pricing strategy that appeals to consumers because the strategy reduces their need to spend time comparing prices at various stores.
Everyday Low Price (EDLP) refers to a pricing strategy designed by retailers to promise customers the lowest prices in their store without having to wait for a sales event, use a coupon, or take any other actions to attain a reasonable price on the products they purchase.
Walmart is one such retailer that exhibits Everyday Low Pricing strategy. Walmart offers low prices to its consumers throughout the year, rather than offering low prices during sale events. Walmart adopted this pricing strategy following its beginning, developing its reputation on being the store that provides consumers with the lowest prices every day.
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for which of the following to work must both parties be online at the same time, and the receiver of a message be willing to accept messages?
In instant messaging, both parties are online at the same time, and the receiver of a message is willing to accept the messages.
A message is a discrete unit of conversation intended with the aid of the supply for intake by way of a few recipient or group of recipients. A message can be added by numerous way, along with courier, telegraphy, service pigeon and digital bus. A message can be the content material of a broadcast. An interactive change of messages bureaucracy a communication. One instance of a message is a press release, which may additionally range from a quick document or assertion launched by using a public business enterprise to industrial exposure cloth.
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on february 1, dots received an order for 500 cupcakes. dots delivered the cupcakes to the client on february 25. a $50 deposit was received on february 5 and the remaining $450 was paid on february 28. when should recognize dots revenue related to this order?
Dots should recognize revenue on February 25th
The revenue recognition principle states that a company's revenues are recognized when the service or product is delivered to the customer, rather than when the cash is received. Determining what constitutes a transaction may take more time and analysis than expected.
Revenue recognition is a commonly accepted accounting principle (GAAP) that specifies how and when revenue should be recognized.
According to the revenue recognition principle of accrual accounting, revenues are recognized when they are realized and earned, not when cash is received.
ASC 606, the revenue recognition standard, establishes a consistent framework for recognizing revenue from customer contracts.
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wally, incorporated issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The issue price of bond is $ 92,561.
What is bond issue price ?
An IOU-like debt security called a bond. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds.
The bonds will mature on the maturity date, at which point the financial institution will pay the creditor the bond's face value.
The price that the bond issuer initially offers the bonds is known as the issue price. Bonds are frequently issued at par.
By applying a discount rate to the predicted cash flows, one may calculate the price of a bond. The time to maturity, credit ratings, and demand and availability are the three main factors that affect the price of bonds on the open market.
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $510,000; sales of $1,050,000; and income of $121,000. the investment turnover is:
For one of its divisions, Davis Corporation provided the following financial information: average assets of $510,000, sales of $1,050,000, and income of $121,000. 2.059 is the investment turnover.
How many times does an investment turnover?The percentage of a portfolio that is sold in a given month or year is known as turnover in the investing industry. For deals executed by a broker, a rapid turnover rate results in higher commissions. An organization's total revenues are referred to as its overall turnover.
A business's revenue output is compared to its debt and equity using the investment turnover ratio. With a certain amount of funding, a management team's capacity to generate revenue
How are investment turnover figures determined?The turnover ratio gauges the annual trading activity of a fund. It is determined by dividing the lesser of the acquisitions or sales by the monthly average of net assets. Securities with a maturity of under a year are not taken into account.
sales = $1,050,000
assets= $510,000
income= $121,000
investment turnover= Net sales / Average investment assets
investment turnover= $1,050,000 / $510,000
investment turnover= 2.059
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during march, zea incorporated transferred $62,000 from work in process to finished goods and recorded a cost of goods sold of $68,000. the journal entries to record these transactions would include a:
The journal entries to record the transactions would include a credit to work in process of $62,000.
What does a journal entry include?Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes. The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
Although journal entries may include many data points following are the primary ones :
a header with the entry type described and the date entered in the journalsum of money(s), the account(s), and date(s) on which the transaction will debit those account (s)a special reference or identification number;one or more accounts, the sum(s) that will be credited, and the date or dates on which these credits will be effected;a concise explanation of the transactionJournal entries may also contain other pertinent information for the company, such as the subsidiary or subsidiaries participating in the transaction and the currency or currencies used.
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serena is trying to sell a new line of ultrasound imaging equipment. unlike existing technology, these machines are compact, creating the potential for general practice physicians to have and use them in their offices. serena is trying to identify innovators in her market, knowing these customers will most likely buy one for each office in their practices. reposition his products. not need any service or support when using the product. spread positive word-of-mouth to other physicians. create demand among the late majority.
Serena is trying to identify innovators in market, knowing these customers will most likely buy one for each office in their practices.
What is innovation?Innovation is the practical application of concepts that leads to the launch of new products or services or enhancements in the provision of existing products or services. Innovation is described by ISO TC 279 in the standard ISO 56000:2020 as "a new or altered entity realizing or redistributing value." Others have other meanings; a recurring theme in the definitions is a focus on the novelty, development, and dissemination of ideas or technologies. Innovation frequently occurs as a result of the creation of more efficient goods, procedures, services, technology, works of art, or business models that innovators make available to consumers, governments, and society. Innovation and invention are connected, but they are not the same thing. Innovation is more likely to involve the practical application of an invention to have a significant impact on a market or society.
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the goal of performing a competitor analysis is to . a) learn more about the competitors' sales structures b) find flaws in the competitors' manufacturing processes c) find areas of potential competitive advantage and disadvantage
The goal of performing a competitor analysis is to find areas of potential competitive advantage and disadvantage. So the correct option is c.
A competitor analysis, also called competitive analysis and comptetion analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches. Knowing your competitors in business analysis is important if you're a business owner, marketer, startup founder, or product developer.
A competitor analysis offers several benefits, including:
Understanding industry standards so that you can meet and exceed them, helps in
discovering untapped niche markets, helps in differentiating products and services, standing out in your marketing, measuring your growth etc.
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if merchandise sells for $3,500, with terms of 3/15, n/45 and the cost of the inventory sold is $2,100, the amount charged to sales is group of answer choices
If stuff sells for $3,500 with terms of 3/15, n/45 and the cost of inventory sold is $2,100, the amount charged to sales is 1.$3,395.
Inventory or stock refers to the items and supplies that a company keeps for the purpose of resale, manufacture, or use. Inventory management is largely concerned with defining the shape and positioning of stocked products. It is required at many locations within a facility or throughout a supply network to precede the normal and scheduled flow of production and material stock. In the context of a manufacturing production system, inventory refers to all work that has occurred - raw materials, partially finished goods, final items prior to sale, and departure from the manufacturing system.
In the context of services, inventory refers to all work completed prior to sale, including partially processed information.
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what are reasons for global outsourcing, or offshoring, to a foreign supplier? (choose every correct answer.)
It has resources not available in the U.S.
It has labor that is cheaper than American labor.
It has special expertise.
What is offshore and global outsourcing?Offshoring is when work is completed in a different nation, typically to take advantage of cost savings, as opposed to outsourcing, which is when an organization contracts out work to a third party. One of the main factors influencing a company's decision to outsource is lower operational and labor costs.
A management technique known as global outsourcing involves assigning important, non-core operations to knowledgeable and capable service providers. The management and staffing of business support operations by firms have undergone a substantial change as a result of global outsourcing.
The correct question is:
What are reasons for global outsourcing, or offshoring, to a foreign supplier? (Choose every correct answer.)
It has resources not available in the U.S.
It has a longer supply chain than your current supply chain.
It has labor that is cheaper than American labor.
It has higher tariffs than the U.S.
It has special expertise.
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a company had net revenues of $1,800,000 and total expenses of $800,000, not including income taxes. it paid $300,000 in dividends. what was its net income before taxes?
The company's total expenses, excluding income taxes, were $800,000, with net revenues of $1,800,000. It distributed dividends of $300,000. and it has a net income of $1,000,000 before taxes.
Net revenues = $1,800,000
Less: Total expense = $800,000
Net income before tax = $1,000,000
A dividend is a payment made by a company to its shareholders out of its profits. When a business generates a profit or surplus, it can distribute a portion of that profit to shareholders in the form of a dividend. Any unused funds are retained and reinvested back into the company. Both the profit from the current year and the retained earnings from prior years are available for distribution; a corporation is typically not allowed to pay a dividend out of its capital.
The amount that is distributed to shareholders may be paid in cash (typically a deposit into a bank account) or, if the company has a dividend reinvestment plan, it may be paid by the issuance of additional shares or the repurchase of shares.
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according to the constant growth dividend discount model the price of a stock whose dividend is growing at a rate g will:
The constant growth dividend discount model predicts that the price of a company whose dividend grows at a rate of g percent will rise over time at a rate of g percent. Thus, the right option is Increase overtime at the rate of g percent.
How do companies calculate dividends?A dividend is a revenue payment provided to shareholders by a company. When a company makes a profit or has a surplus, it can pay out a portion of its profits to shareholders in the form of a dividend.
Divide the number of outstanding shares by the dividend payout per share. For example, if a corporation's board of directors declares a dividend payment of $. 30 per share on 50,000 shares, the dividend payment equals $. 30 x 50,000 = $15,000.
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a decrease in accumulated depreciation is most likely to result from: a) selling or disposing of a long-lived asset. b) increasing the salvage value of a long-lived asset. c) decreasing the estimated useful life of a long-lived asset.
The cumulative depreciation of an asset up to a single point in its life is known as accumulated depreciation.As a counter asset account, accumulated depreciation's natural balance is a credit that lowers the asset's total value.
According to generally accepted accounting principles (GAAP), the matching principle requires that expenses be allocated to the same accounting period during which the relevant revenue is realized.
A business will deduct a portion of an asset's value through depreciation over the course of each year of its useful life.This means that the expense related to using up the asset is reported every year it is put to use and generates income.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.The beginning cumulative depreciation balance is increased with each period's depreciation expense.
In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost.An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life.
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in addition to testing your hypotheses about your business model, when you conduct feasibility analysis, you also want to answer three questions about the success factors for your business. what are they?
When you conduct feasibility analysis, you answer three questions about the success factors for your business which are:
Does it make sense to invest the money needed to start and run a business with a positive cash flow?Can I assemble the ideal starting team to carry out my concept?Is the market and consumer size big enough to make the idea work?What does feasibility analysis mean?A feasibility study is a thorough evaluation that takes into account all of the important factors of a proposed project to ascertain the chances of success. Return on investment, which indicates that the project will produce enough profit to justify the investment, is one way to describe success in business.
An initial investigation of a prospective project or endeavour to assess its merits and viability is known as a feasibility study. An unbiased evaluation of a proposed project's technical, economic, financial, legal, and environmental issues is what a feasibility study seeks to accomplish.
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herman company has three products in its ending inventory. specific per unit data at the end of the year for each of the products are as follows: product 1 product 2 product 3 cost $ 40 $ 110 $ 70 replacement cost 38 105 60 selling price 60 140 74 selling costs 5 48 12 normal profit 25 50 32 required: what unit values should herman use for each of its products when applying the lower of cost or market (lcm) rule to ending inventory
The replacement cost for product 2 is 85, and the market value, which excludes the typical profit margin, is $80. Since the market value is less than the replacement cost, we do not include the regular profit margin.
We use the lower of cost or market (LCM) criteria in this case, as indicated below:
For product 1,
The price is $20.
Market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
Thus, $20 would be the lower value.
For Product 2
The Cost is $90
Market value = Selling price - selling cost
= $120 - $40
= $80
Thus, $80 would be the lower value.
For Product 3
The Cost is $50
Market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
Therefore, $48 would be the lower value.
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the concept of continuous improvement is part of group of answer choices d. reengineering. c. action planning. a. management by objectives. e. resource-based view of the firm. b. total quality management.
Total quality management is the concept of continuous improvement.
What is total quality management?Total Quality Management (TQM) is a management strategy that aims to offer unrivaled customer satisfaction through consistent provision of high-quality IT services. It is a management concept that focuses on team-based work arrangements, benchmarking, and complete customer satisfaction.
Total Quality Management (TQM) is a framework for management that is based on the idea that an organization can achieve long-term success by having all of its members, from entry-level employees to its highest-ranking executives, concentrate on enhancing quality and thereby providing customer satisfaction. It also emphasizes continual improvement in all operational stages and 100% accuracy in task execution.
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