Microeconomics is the branch of economics that focuses on the behavior of individual economic agents, such as households, firms, and consumers, and how their decisions affect the allocation of resources. It examines the way these agents make choices in the face of scarcity, which is a fundamental concept in economics.
According to economic thinking, the presence of scarcity requires individuals and society to make choices about how to allocate limited resources. Scarcity refers to the condition of having unlimited wants and needs, but limited resources to satisfy them. This means that there are not enough resources available to fulfill all desires and needs.
For example, let's consider the scarcity of time. We all have 24 hours in a day, but there are numerous activities we want to engage in during that time, such as work, leisure, and sleep. Since time is limited, we need to make choices and prioritize how we allocate our time among different activities.
Similarly, in the case of limited resources like land, labor, and capital, individuals and societies must make choices about how to allocate these resources among different uses. This involves considering trade-offs and opportunity costs. Trade-offs occur when one choice is made at the expense of another, while opportunity cost is the value of the next best alternative forgone.
In summary, microeconomics focuses on the behavior of individual economic agents and how their choices affect the allocation of scarce resources. Scarcity requires individuals and societies to make choices about how to allocate limited resources, considering trade-offs and opportunity costs.
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Microeconomics is the branch of economics that focuses on the behavior of individual agents, such as households and firms, and their interactions in specific markets. It analyzes how individuals make decisions regarding the allocation of scarce resources to fulfill their unlimited wants and needs.
According to economic thinking, the presence of scarcity requires individuals and societies to make choices about how to best allocate their limited resources. Since resources are limited, individuals and societies must decide what goods and services to produce, how to produce them, and for whom to produce them. This involves making trade-offs and considering the opportunity cost of choosing one option over another.
For example, let's say a farmer has a limited amount of land and can either use it to grow wheat or raise cattle. If the farmer decides to allocate the land for wheat production, the opportunity cost would be the foregone opportunity of using the land for cattle farming. Similarly, if a consumer has a limited budget, they must make choices about which goods and services to purchase, considering the opportunity cost of forgoing the purchase of other items.
In summary, microeconomics focuses on the behavior of individual agents and their decision-making processes in the face of scarcity. It emphasizes the importance of understanding trade-offs and opportunity costs in resource allocation.
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The 5 elements that affect customers perception of service quality. 1) reliability 2) appearance of the tangibles 3) responsiveness 4) assurance 5) employee empathy
These five elements work together to create a perception of service quality that can make or break a business.
When it comes to customer service, there are several factors that influence the perception of service quality. One of the most important of these factors is reliability. This refers to the consistency with which the company delivers on its promises and meets customer expectations. Customers want to be able to trust that the service they receive will be of a high quality every time they interact with the company.
Another important factor is the appearance of the tangibles. This includes the physical environment of the business, as well as any materials or products that are provided to customers. A clean, attractive, and well-maintained environment can go a long way in making customers feel comfortable and confident in the service they receive.
Responsiveness is also a key element in customer service. This refers to the speed with which the company responds to customer inquiries, concerns, and requests. Customers want to feel that their needs are being addressed quickly and effectively.
Assurance is another factor that influences customer perceptions of service quality. This includes the knowledge and expertise of the employees, as well as any guarantees or warranties that are offered. Customers want to feel that they are in good hands and that their needs are being taken seriously.
Finally, employee empathy is an important element in customer service. This refers to the ability of employees to understand and relate to the needs and concerns of their customers. When employees are empathetic and caring, customers are more likely to feel valued and satisfied with the service they receive.
By focusing on reliability, tangibles, responsiveness, assurance, and empathy, companies can create a customer service experience that is consistently high-quality and keeps customers coming back for more.
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Telecommuting is an example of flextime. Please select the best answer from the choices provided T F.
True, telecommunicating is an example of flextime.
What is flextime?Flextime refers to an arrangement that allows the worker to change and alter his working hours. Employees can decide the starting and end time of their working hours by themselves.
In telecommunicating, an employee may work from his/her own place without going to the office.
Telecommunicating is an example of flextime since employees may change their working time at their own convenience.
Therefore the statement is correct.
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Answer:
the answer will be true
Explanation:
because telecomuting is an example of flex time
most enjoyable aspects of a fashion stylist ?
Answer:
creative, artistic, ambitious, passionate
Explanation:
Under an effective system of internal control, the authorization for issuing materials is made a. orally b. by the accounting department. c. on a prenumbered materials requisition slip. d by anyone on the production line
Under an effective system of internal control, the authorization for issuing materials is option (C).typically made on a prenumbered materials requisition slip.
In an effective system of internal control, authorization for issuing materials is an important step to ensure proper inventory management and prevent misuse or theft of materials. The most common and recommended practice is to use prenumbered materials requisition slips for this purpose.
Prenumbered materials requisition slips are sequentially numbered forms that are specifically designed for the purpose of requesting and authorizing the issuance of materials from the inventory. When an employee or department needs materials, they must complete a requisition slip, specifying the type, quantity, and purpose of the materials needed.
The slip is then submitted to the appropriate authority for approval, usually a supervisor or manager responsible for inventory control. The prenumbered nature of these slips helps in maintaining a clear audit trail and enables tracking of material issuance.
By using prenumbered materials requisition slips, the authorization process becomes documented, traceable, and accountable. It ensures that only authorized personnel have access to materials and helps prevent unauthorized or inappropriate use.
This control measure contributes to maintaining accurate inventory records, preventing inventory shrinkage, and promoting overall internal control and accountability within the organization.
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Under an effective system of internal control, the authorization for issuing materials is typically made on a prenumbered materials requisition slip (option c). This process helps to ensure that there is a record of every material issuance and helps prevent unauthorized or fraudulent activities.
Here is a step-by-step explanation of how the authorization for issuing materials works:
1. When a department or individual needs materials, they fill out a prenumbered materials requisition slip. This slip includes information such as the quantity of materials needed, the purpose of the materials, and the department requesting them.
2. The slip is then submitted to the appropriate authority, usually the supervisor or manager of the department.
3. The supervisor or manager reviews the requisition slip to verify that the materials are necessary and within budget. They also ensure that the request is appropriate and aligned with the department's needs.
4. If approved, the supervisor or manager signs the requisition slip, indicating their authorization.
5. The authorized requisition slip is then forwarded to the accounting department, where the inventory records are updated and the materials are issued.
By using a prenumbered materials requisition slip and following this authorization process, a company can establish a strong internal control system that ensures materials are issued in a controlled and accountable manner. This helps prevent errors, fraud, and misuse of resources, ultimately safeguarding the company's assets and promoting efficiency. Thus, the correct option is c. on a prenumbered materials requisition slip.
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10. If you are under 18 years you shall not operate a motor vehicle between the hours of ....... and...... unless you are
driving to or from a scheduled event. This curfew remains in effect until you turn 18, regardless of when your
driver's license was issued.
A
1 am to 5 am
B. O 12 pm, 5 am
c. O5 pm, 5 am
D. O 10 pm, 5 am
Answer:
its a 1 am to 5 am
Explanation:
i took the test
The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
Best Buy Advances the Interests of Stakeholders*
Best Buy ranks number 72 on the Fortune 500; it is the largest consumer electronics retailer in the world. Best Buy is known for its discounted high-quality products, customer-centered approach, sustainable outreach, and extensive recycling program. Best Buy is listed as a "socially responsible" company. It was founded by Richard Schulze in 1966. Since then, the company has undergone many changes.
College students, who wanted higher end electronics, were the first customers it targeted. In 2000, when sales growth slowed, Best Buy acquired Geek Squad, a repair service. This acquisition led to its Concept 5 stores, where products are sold and customers are taught how to use them. This improved service turnaround time and increased customer satisfaction. By 2009, the company became the primary online and brick-and-mortar provider of consumer electronics.
Best Buy views itself as a customer-centered organization. The company uses www.BestBuy.com to learn more about its customer needs and preferences. Customers can use that website to rate every product purchased. In 2007, the company published its first Corporate Social Responsibility (SR) Report as result of the customers’ concern for sustainability. Electronic waste was filling landfills, and Best Buy’s customers wanted to see this problem addressed. In response to their concerns, Best Buy implemented a wide-scale electronics recycling program. In 2009, Best Buy set a goal to reduce carbon emissions by 45 percent; by the end of 2016, it had reached nearly 47 percent.
Today, Best Buy employs a Chief Ethics Office and maintains a blog for company employees; it covers ethical lapses and related issues. Employees can visit the website and read about the company policy regarding ethically questionable behaviors and learn tips on how to best defend themselves from crossing ethical boundaries. Hubert Joly was appointed CEO in 2012 after a scandal forced out CEO, Brian Dunn and Chairman, Richard Schulz.
Under Joly, Best Buy, once again, became a growth company. He implemented its "Renew Blue" strategy, adding new product lines and services and emphasizing both in-store and online customer opportunities. Its Geek Squad division began an in-store, online, and home advisory program. He expanded into both Canadian and Mexican markets. Operations in China and Europe were closed to reduce costs, and he closed some domestic stores, under his lean management mandate.
To improve customer service, the "Geek Squad hours were expanded to provide 24-hour service on site, at home, or through the Internet. The tech experts make about 4 million home calls a year. Walmart and Amazon—Best Buy’s biggest competitors—do not offer comparable at-home services. In March 2017, "Renew Blue" was officially closed by Joly and pronounced a success.
In 2017, Joly announced the company will implement "Best Buy 2020—Building the New Blue." Best Buy began a try-before-you-buy program that allows the customer to rent gadgets such as audio equipment, fitness trackers, smartwatches, and cameras. If the customer decides to keep the product, 20 percent of the rental fee is deducted and applied to the final cost of the product.
Best Buy will continue demonstrating new technology solutions, contracts and services, and sustainability. The company plans to enhance its smart home areas in all stores, roll out its Best Buy Smart Home Powered by Vivint home automation and security offering to 450 stores, which will add 1,500 dedicated smart home employees. The "Geek Squad" expanded services will include "Smart Home" Total Tech Services, which will service every electronic product in your home no matter where the product was purchased and create a totally integrated technology system for your home.
Another service Best Buy will provide is the Smart Home Senior Care Services," which is considered an "untapped white space opportunity." The electronic "Assured Living" system will allow millennials /caregivers to look in on their aging parents while permitting the seniors to live independently. Mr. Joly envisions rolling out a broader business of sensor-based senior services, sold through health-and-wellness departments in Best Buy’s more than 1,000 stores. With an aging population in the United States, there will be 70 million people who will be seniors by 2027. Best Buy sees this growth opportunity and will use the Smart Home Business and its ability to get into people’s home as a trusted adviser.
How does Best Buy deal with ethically questionable behaviors?
Best Buy has a zero-tolerance policy for any unethical behavior. All employees are expected to abide by the company's code of conduct, which outlines the ethical standards that must be met.
Best Buy has a Chief Ethics Officer in place to ensure that all employees comply with the code of conduct and any ethical issues that arise are addressed quickly and appropriately.
Employees are encouraged to speak up if they ever witness or become aware of any unethical behavior, and there are multiple channels for them to report any issues. Finally, Best Buy also has an extensive training program in place that educates all employees on the code of conduct and ethical standards.
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Elena is a sales manager who encourages her employees through motivation to be committed to and a part of the shared vision of the organization. Elena is demonstrating which factor of transformational leadership
The factor of transformational leadership that Elena is demonstrating here is the inspirational motivation.
What is transformational leadership?This is the leadership approach that is used to effect changes in the life of people and also the society in general.
This is the form of leadership that Elena is said to engage in by motivating the workers to be a part of the vision of the business.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Which of the following describes a conflict which happens between a supervisor and a subordinate?
O Intrapersonal conflict
Group conflict
O Intergroup conflict
O Interpersonal conflict
A conflict between a supervisor and a subordinate can be described as Interpersonal conflict.
What is interpersonal conflict?Interpersonal conflict refers to conflict whereby there are at least two people involved. This means that interpersonal conflict refer to issues that a person has with another person, or group of people.
When there is a conflict between a supervisor and a subordinate, these are two different people which means that it is therefore an interpersonal conflict. Intrapersonal conflict on the other hand, refers to when a person has a conflict within themselves about how they should take certain decisions.
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Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000
Cardinal Company is considering a project that would require a $2,765,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $200,000. The company’s discount rate is 12%. The project would provide net operating income each year as follows:
Sales $ 2,861,000
Variable expenses ,101,000
Contribution margin 1,760,000
Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs $ 705,000 Depreciation 513,000 Total fixed expenses 1,218,000
Net operating income $ 542,000
Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables.
Required:
Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 50%. What was the project’s actual net present value? (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, other intermediate calculations and final answer to the nearest whole dollar.)
The project's actual net present value is -$3,656,845.
To calculate the project's actual net present value (NPV), we need to adjust the variable expense ratio and calculate the net cash flows for each year, then discount those cash flows using the appropriate discount factor.
Given:
Initial investment (outflow) = $2,765,000
Salvage value (inflow) = $200,000
Discount rate = 12%
Variable expense ratio = 50%
To calculate the net cash flows, we subtract the variable expenses from the contribution margin:
Year 1: $1,760,000 - ($2,861,000 * 50%) = $1,760,000 - $1,430,500 = $329,500
Years 2-5: $542,000 - ($2,861,000 * 50%) = $542,000 - $1,430,500 = -$888,500 (negative due to loss)
Now, calculate the discount factor for each year using the appropriate table or formula. Assuming we use a present value of $1 table, the discount factor for a 12% discount rate over 5 years is 0.567.
Calculating the discounted cash flows:
Year 1: $329,500 * 0.567 = $186,914.50 (rounded to the nearest whole dollar)
Years 2-5: -$888,500 * 0.567 = -$503,759.50 (rounded to the nearest whole dollar)
To calculate the actual net present value, sum up the discounted cash flows and subtract the initial investment:
Actual NPV = ($186,914.50 - $503,759.50) + $200,000 - $2,765,000
Actual NPV = -$1,091,845 + $200,000 - $2,765,000
Actual NPV = -$3,656,845
Therefore, the project's actual net present value is -$3,656,845.
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Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies, to
whom is the carrier liable?
O It is liable to Sarah's enterprise, her sole proprietorship.
O It is liable to the third party, the buyer.
O It is liable to Sarah, the principal
O Both the first and second answers only.
If a puppy dies, then the airline carrier is liable. The transportation provider is in charge of providing accommodations for the animals while on a trip.
The airline carrier is liable for the puppy's death. Since the airline carrier did not maintain the proper temperature in the cargo space, which they were supposed to do, they are the ones who are responsible for the death of the puppy.
Sarah, as the seller, is not liable as she fulfilled her responsibility by selling a healthy puppy. The buyer is also not liable for the puppy's death as they were not responsible for the transportation of the puppy. Therefore, the airline carrier is the party responsible for the puppy's death.
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Probably the full options are:
The airline carrier is liable.The buyer is liable.Which actions should managers take when employees exhibit low self-efficacy? Assign people with low self-efficacy to jobs that are complex, challenging, and autonomous to enhance self-efficacy: Reward small successes: Nurture self-efficacy by giving constructive pointers and positive feedback: Reassign employees with low self-esteem to boring, tedious jobs.
When employees exhibit low self-efficacy, managers should take the following actions:
1. Assign people with low self-efficacy to jobs that are complex, challenging, and autonomous to enhance self-efficacy. This will help them develop their skills, gain experience, and build their confidence.
2. Reward small successes: Recognize and celebrate the employees' accomplishments, even if they are small. This will motivate them and show that their efforts are valued.
3. Nurture self-efficacy by giving constructive pointers and positive feedback: Provide guidance, support, and encouragement to help employees improve their performance and increase their self-efficacy.
4. Avoid reassigning employees with low self-esteem to boring, tedious jobs, as this can further lower their self-efficacy and hinder their development. Instead, focus on providing opportunities for growth and improvement.
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Cost distortion occurs when some products are overcosted while other products are undercosted by the cost allocation system.a. True
b. False
The statement is True. Cost distortion occurs when some products are over-costed while other products are undercosted by the cost allocation system.
Cost distortion in business refers to the situation where the cost of producing a product or providing a service is not accurately reflected in the accounting records. This can occur due to a variety of factors, including errors in cost allocation, changes in the cost of inputs, or changes in the production process.
Cost distortion can lead to inaccurate financial statements, which in turn can mislead investors and stakeholders about the profitability of the business. For example, if the cost of producing a product is understated, the company may appear more profitable than it actually is, which could lead to overinvestment or overvaluation. Cost distortion can also make it difficult for managers to make informed decisions about pricing, resource allocation, and cost management.
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Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,000 to the partnership. Xavier contributed $300,000 to the partnership. The partners vote on whether or not to purchase a new $100 machine. Violet and William support the purchase. Xavier opposes the purchase. Unless the partnership agreement states otherwise, the partnership will a. not purchase the machine because partnership decisions in management matters always require a unanimous vote b. purchase the machine because the support of one partner is required for the partnership to commit itself to a given action c. not purchase the machine because Xavier's interest in the partnership exceeds the interest of Violet and William combined d. purchase the machine because each partner has one vote in management matters
Answer:
d. purchase the machine because each partner has one vote in management matters
Explanation:
Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree
Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine
hence, the option d is correct
Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service
Answer:
Customer Service
Explanation:
________ refers to searching for information that is not immediately evident and sorting through that information to interpret what is important.
A) Competitive skimming
B) Data classification
C) Environmental scanning
D) Knowledge browsing
E) Information foraging
Answer:
C) Environmental scanning
Explanation:
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Hence, the search for an information that isn't immediately evident and sorting through or analyzing that information to interpret what is important to an organization is generally referred to as environmental scanning.
If there is inflation, then a firm that has kept its price fixed for some time will have a:.
If there is inflation, then a firm that has kept its price fixed for some time will have a decrease in their real revenue. This is because inflation reduces the purchasing power of the currency, which means that the value of the firm's revenue will decrease over time if their prices remain fixed. For example, if a firm sells a product for $10 and inflation increases by 5%, then the purchasing power of that $10 will decrease by 5%. This means that the firm's revenue will be worth less in real terms, and they may struggle to cover their costs if they do not adjust their prices to reflect the inflationary environment. Therefore, it is important for firms to monitor inflation rates and adjust their prices accordingly to maintain their profitability.
If there is inflation, a firm that has kept its price fixed for some time will have a:
Decreased real value of its products or services.
Inflation refers to the general increase in the prices of goods and services over time. When a firm keeps its price fixed during a period of inflation, the purchasing power of money decreases, which means that the real value of the firm's products or services effectively becomes lower. Consequently, this could negatively impact the firm's revenue and profitability as it may not be able to cover increased costs associated with inflation. To maintain their financial position, firms often need to adjust their prices in line with inflation trends.
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Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $12,200. On September 9, the customer unexpectedly pays the $12,200 balance. Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction tot Journal entry worksheet 2 Record the portion of uncollectible previously written off, Note: Enter debits before credits General Journal Debit Credit Date September 09 Record entry Clear entry View general Journal
When the customer unexpectedly pays the $12,200 balance, the cash collection on September 9 should be recorded. The journal entry for recording the cash collection on September 9 is:
General JournalDebi tCreditCash12,200Accounts Receivable12,200
Explanation:In this case, the journal entry to record the cash collection on September 9 will involve the cash and accounts receivable accounts. Since the customer was able to pay the balance that was written off previously, it is necessary to record the transaction and reverse the previous write-off.
In the journal entry, the accounts receivable account will be debited with $12,200 to reflect the reversal of the previous write-off, while the cash account will be credited with $12,200 to show the receipt of the payment.
The entry is as follows:General JournalDebitCreditAccounts Receivable12,200Cash12,200Therefore, the required journal entry is: Accounts Receivable Debit1 2,200Cash Credit12,200 Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $12,200. On September 9, the customer unexpectedly pays the $12,200 balance.
Record the cash collection on September 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction tot Journal entry worksheet 2 Record the portion of uncollectible previously written off, Note: Enter debits before credits General Journal Debit Credit Date September 09 Record entry Clear entry View general Journal.
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Which one of the four factors of copyright is MOST important?
Answer:
the purpose and character of the use i think
Explanation:
Kerr Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 and $20,000 (Cr.), respectively. An aging of accounts receivable indicated that $170,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
Answer:
$150,000
Explanation:
Calculation to determine what The amount of the adjusting entry for bad debts at December 31 is
Using this formula
Bad debts=Accounts receivable-Allowance for Doubtful Accounts
Let plug in the formula
Bad debts=$170,000-$20,000
Bad debts=$150,000
Therefore The amount of the adjusting entry for bad debts at December 31 is $150,000
3. Describe two real or made up situations in the workplace when you would need to use
speaking skills. (1-2 sentences. 2.0 points)
In order to reduce conflict, speaking skill, is the skill that helps to settle a disagreement or conflict between two parties, or amount group of people.
Why speaking skills is essential in workplace?
No company has stated in his vision or mission, to keep a zero conflict among staff, because it is believed that every workers and staff of the company is disciplined and should focus on why the company has hired him or her.
But on the other hand, conflict among workers in a company has been on increase. Because people differs so their ideology differs too. Conflict may not only be when a worker yells at a co worker, it can also be an argument between workers.
It is difficult to find a company made of more than 10 workers with out conflict among co workers, the conflict could be envy or side talks.
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Discuss reasons why a business might choose to sell direct to customers through a website with e-commerce facilities, as opposed to through fixed (physical ‘bricks and mortar') premises.
Answer:
Businesses might prefer selling direct to customers through a website with e-commerce facilities because:
1. For covering a wider distance, distance is not a barrier.
2. For flexibility for customers, as some e-commerce even accepts cryptocurrency payments.
3. For product and price comparison.
4. For saving cost incurred from having fixed (physical ‘bricks and mortar') premises.
5. For saving the cost of paying workers.
6. For maintaining social distancing protocol given by the government especially during the pandemic. This doesn't put anyone at risk.
Explanation:
The question above asks for justifications why a business might choose to sell direct to customers through a website with e-commerce facilities rather than selling to customers through fixed (physical ‘bricks and mortar') premises.
First, selling to customers through a website with e-commerce facilities involve virtual transactions with customers paying for goods and services they are interested in over the internet. With this, customers can pay with their bank cards through e-commerce websites. While selling through fixed (physical ‘bricks and mortar') premises involve direct contact in-person with the customer and possibly payment is made in cash or through any other accepted methods.
Type the correct answer in the box. Spell all words correctly.
Which type of facility layout groups similar machines together so that they carry out specific functions?
In the case of a (blank) layout, similar machines are grouped together to carry out specific functions.
Answer:
A process layout groups similar activities together according to the functions they perform.
Explanation:
Answer:
process
Explanation:
Plato/Edmentum
Match each of the options above to the items below. Members aren't very trusting of one another, they are spending time assessing what their contribution will be to this particular group as this is currently unclear. Members seem to be coming out of their shells, grouping into small alliances, and even arguing about the group's goals. . Members decide on their regular meeting days/times, rutes about tardiness or non attendance, and set expectations regarding how they will interact with one another . Members of your 8-person team break off into smaller groups of 2 or 3 and work on their sub-groupe individual tasks Members get together to discuss what they have learned and to share memories
Tuckman's theory process:
Forming:- members aren't very trusting of one another…
Storming:- Members seem to be coming out of their shells…
Norming:- Members decide on their regular meeting days/times…
Performing:- Members of your 8-person team break off into smaller…
Norming:- Members get together to discuss…
What is Tuckman's theory?Tuckman's theory was the main focuses of the group development. Bruce Tuckman in 1965. It was the process of forming, storming, norming, performing, and the norming.
Process of Tuckman's theory:
Forming:- members aren't very trusting of one another, they are spending time assessing what their contribution will be to this particular group as this is currently unclear. Storming:- Members seem to be coming out of their shells, grouping into small alliances, and even arguing about the group's goals.Adjourning:- Members decide on their regular meeting days/times, rutes about tardiness or non attendance, and set expectations regarding how they will interact with one another.Performing:- Members of your 8-person team break off into smaller groups of 2 or 3 and work on their sub-groupe individual tasks.Norming:- Members get together to discuss what they have learned and to share memories.As a result, the significance of the Tuckman's theory are the aforementioned.
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Your question is incomplete, but most probably the full question was.
1. Forming 2. Storming 3 Adjourning 4. Performing 5 Norming
A) Members aren't very trusting of one another, they are spending time assessing what their contribution will be to this particular group as this is currently unclear.
B) Members seem to be coming out of their shells, grouping into small alliances, and even arguing about the group's goals.
C) Members decide on their regular meeting days/times, rutes about tardiness or non attendance, and set expectations regarding how they will interact with one another .
D) Members of your 8-person team break off into smaller groups of 2 or 3 and work on their sub-groupe individual tasks E) Members get together to discuss what they have learned and to share memories
long term asset asset: tractor based on the information above, the book value of the tractor is
The book value of the tractor, which is a long-term asset, can be calculated using its original cost and accumulated depreciation. However, I would need more specific details about the cost and depreciation to provide an accurate book value.
Accuracy refers to the degree of correctness, precision, or truthfulness in information, measurements, calculations, or representations. It indicates the extent to which something aligns with reality or matches the intended or expected outcome. Accuracy is important in various domains, including science, research, data analysis, journalism, and communication. It involves minimizing errors, biases, or distortions and ensuring that information or results are reliable, valid, and free from significant inaccuracies or misrepresentations. Achieving accuracy requires careful attention to detail, rigorous methodology, proper documentation, verification, and adherence to established standards or best practices. Accurate information and analysis provide a foundation for informed decision-making and reliable knowledge.
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a major advantage of using the fifo process-costing method is that:____
A major advantage of using the FIFO (first-in, first-out) process-costing method is that it allocates costs to the units of product that are sold or completed first.
This means that the costs of the earliest stages of production are assigned to the earliest units of product that are sold or completed, rather than being allocated to the units that are produced later.
Using the FIFO method can be beneficial because it reflects the actual flow of materials and products through the production process, and it allocates costs to the units of product that are sold or completed first. This can provide a more accurate picture of the costs of producing a particular product, and can help managers to make more informed decisions about pricing, production, and other aspects of the business.
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Alex owns an event management company. His customer service strategy should focus on valuing customers for the growth of the company.
Answer:
The correct answer is: "D. Both external and internal".
Explanation:
The only possible answer to fill in the space is letter D because it is reasonable to think that a company should focus both on external and internal values for customers in order to make it grow for both parts. As it is an event management company, it is very important to highlight the external demands and how they come and go with clients, agencies, and subsidiaries, while the company must take care of their internal customers who are more responsible for maintaining their strategy going on properly.
When considering marginal revenue versus marginal costs, marketers must ensure that.
It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.
What is marginal revenue and marginal costs?The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.
Marginal revenue (MR) on the other hand serves as the incremental entity.
However, In equilibrium, marginal revenue equals marginal costs.
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