A component that earns revenue and incurs expenses within or outside the entity and produces discrete financial information that is reviewed and used by the codm is known as Business Unit.
What is Business ?Making money through the sale of products or services to consumers is called business. It involves the creation of products and services, their exchange for cash or even other items and services, as well as their transfer from one individual or entity to another for cash or other services and goods. Businesses can be large, multinational corporations or small, regional enterprises. Additionally, businesses can be for-profit or nonprofit organisations.
Businesses provide employment, generate wealth and influence the economy. Businesses often use a variety of strategies to achieve success, such as marketing, research and development, financial management, and customer service. Businesses also use technology to create cost efficiencies, provide better customer service, and increase their competitive advantage.
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Answer these 3 questions to prevent an erp disaster what startups must consider before implementing erp?.
Startups must carefully consider three crucial questions before implementing ERP to prevent an ERP disaster:
1. What are the company's requirements, and how will ERP software meet them?
2. Is the company prepared to change its processes and workflows?
3. Does the company have the required resources to implement and maintain the ERP system?
1. What are the company's requirements, and how will ERP software meet them?
Before implementing an ERP system, the company must assess the requirements of its business processes. This will help the organization choose the right software that can meet the specific needs of the company.
2. Is the company prepared to change its processes and workflows?
An ERP implementation is a significant organizational change. As a result, the business process and workflows may need to be re-engineered to adapt to the software. Companies must be prepared to accept and adapt to these changes.
3. Does the company have the required resources to implement and maintain the ERP system?
The company must have the necessary resources, including hardware, software, and personnel, to implement and maintain the ERP system. This includes the cost of training, customization, and upgrades. Companies must ensure they have the budget for this and also a proper plan for maintenance and support.
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What type of trading earns you money when you accurately predict that a stock will lose value? Ticker parade Yielding Charting Trading bonds Going long Holding Selling short
Answer:
Selling short
Explanation:
Selling short is the answer,it simply means that an investor or a trader will make profit when prices of commodities goes down. In other words it the opposite of going long where investors make money when prices rise up
types of waves that can be plane polarized
Rokiah was a successful entrepreneur in the fast-food industry. She had established ReadyWraps Sdn. Bhd. (ReadyWraps) where she and her husband were the directors of the company. 85% of the company's shares were owned by Rokiah, 10% by her husband and the rest, by her children as nominees only. Recently, Rokiah and her husband were involved in a road accident and died. Rokiah's children seek advice from you on the position of ReadyWraps after the death of their parents, whether the company was dissolved? Support your answer with one (I)
statutory provision and one (I) case authority relating to company law.
After the death of the owners of ReadyWraps, Rokiah and her husband, the company is not dissolved. According to the Companies Act 2016, the company continues to exist even if its members, directors, or shareholders die. This means that the ownership of the company would be passed on to the next of kin or the legal heirs of the deceased members. This law can be found in Section 198 of the Companies Act 2016.
Furthermore, in the case of Lee Chwee Huat v Lee Kim Wah & Sons Sdn Bhd [1975] 1 MLJ 141, it was held that the death of a shareholder does not automatically result in the dissolution of a company. The deceased shareholder's shares would pass on to their legal heirs, who would then become shareholders of the company. In this case, Rokiah's children, who are the legal heirs of their parents, would inherit the shares of their parents in ReadyWraps.
Therefore, ReadyWraps would continue to operate as a company with the children of Rokiah taking over the ownership of the shares held by their parents.
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1market review in nepal with that market picture
For project work of class 8th O.B.T.E subject
Research has shown that the scenarios of things in the Nepalese market. The market under review here is called the Kalimati fruit and vegetable market and it is located at Kathmandu, Nepal.
What is the Kalimati fruit and vegetable market about?Kalimati fruit and vegetable market is known to be the largest wholesale market that is known to often sell agricultural products in the country of Nepal.
One can find this market in Kathmandu, Nepal. it is said to be maintained by the Kalimati Fruit and Vegetable Market Development.
This market was set up in 1987 and as at that time, it was known to be a wholesale center run by the Nepal government and it was said to be set up by United Nation Capital Development Fund.
The sellers here are known to sell lowest of five kilograms and it also has a retail market for small traders to sell their products.
Study has shown that it has 425 wholesaler, 65 retail and also about 27 fish shops that can be found the market.
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The price of product A changes from $500.00 to $150.00 and as a reult, Jamal's purchases of product B change from 1 per year to 5 . Product A and B are a. Complements b. Substitutes c. Unrelated
The answer is a. Complements. Complementary goods are goods that are used together. A decrease in the price of one complementary good will lead to an increase in the demand for the other complementary good.
In this case, the price of product A decreased from $500 to $150. As a result, Jamal's purchases of product B increased from 1 per year to 5. This shows that product A and B are complements.
Here is a more detailed explanation of why product A and B are complements:
When the price of product A decreases, Jamal can now afford to buy more of it.Since product A and B are complements, Jamal will also want to buy more of product B.This is because product A and B are used together. For example, Jamal might buy a new car (product A) and then also buy a new set of tires (product B) to go with it.As a result of the decrease in the price of product A, Jamal's purchases of product B increase.To know more about product click here
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Using the scrum method overcomes the issues of the traditional SDLC and guarantees that a project will produce a high-quality product.
The term scrum is borrowed from rugby, wherein it is a formation of gamers.
Scrum is a framework for undertaking management that emphasizes teamwork, duty, and iterative progress toward a properly-described goal. The framework starts with an easy premise: start with what can be visible or acknowledged. After that, tune the development and tweak, as necessary.
The term scrum turned into selected by the paper's authors because it emphasizes teamwork.
The scrum method is based on a hard and fast of very defined practices and roles that need to be worried for the duration of the software development method. it's miles a flexible methodology that rewards the software of the concepts in a context agreed upon by means of all of the crew members of the product. There may be ample proof that adherence to bendy practices and values improves the power of software program specialists, teams, and corporations, but the evidence is diverse and hard to find inside the traditional SDLC.
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Discuss different trade policies that are currently enacted and if they should be updated in some way.
Then create your own policy about an area in the economy is currently not addressed in current trade policies.
Select the link to access the Trade Discussion.
U.S. trade policy promotes economic growth through regulations and agreements that control imports and exports with other countries.
Trade allows countries to specialize in the production of the goods and services that align with their comparative advantage.
What are trade barriers?A trade barrier refers to a natural barrier or imposed restraint by government on the flow of international goods or services.
Some examples of trade barrier include import quotas, embargoes, buy-national regulations, distance, language etc.
In conclusion, a trade barrier reducing policy is the policies that the Melanie's country has adopted to reduce international trade barriers.
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What are the advantages of picking fruits safely from the tree
Answer:
You wont get seriously injured
Explanation:
Be safe and use a ladder or somekind of fruit picker when trying to harvest fruits.
which of the following procedures would an auditor most likely perform for year-end accounts receivable confirmations when the auditor did not receive replies to second requests? review the cash receipts journal for the month prior to year end. inspect the shipping records documenting the merchandise sold to the customers. increase the assessed level of detection risk for the existence assertion. intensify the study of internal control concerning the revenue cycle.
When an auditor does not receive replies to second requests for year-end accounts receivable confirmations, the auditor would most likely increase the assessed level of detection risk for the existence assertion.
This means that the auditor would accept a higher risk of material misstatement in the accounts receivable balance, and would likely perform additional audit procedures to obtain sufficient evidence.
The auditor may also intensify the study of internal control concerning the revenue cycle to identify potential weaknesses that may have contributed to the lack of responses to the confirmation requests.
Reviewing the cash receipts journal or inspecting shipping records may be relevant procedures in other circumstances, but would not be the most likely response in this scenario.
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DO NOT ANSWER THIS QESTION
Answer: ok
Explanation:
what is net income and how do you calculate it?
Answer:
net income is the amount an individual earns after subtracting taxes and other deductions from gross income.
CALCULATION
-----------------------------------------++---------------------
the amount of revenue left after subtracting all expenses, taxes and costs.
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Write a professional email using the following scenario:
The manager is going to a conference in another city. She would like her assistant to book the flight and hotel.
A professional email based on the given scenario would sound like the following:
To: Assistant
From: Manager
Subject: Flight and Hotel Booking for Chicago
Date: January 28, 2022
Hi,
Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).
Do not forget the company's favorite airline and hotel for the bookings.
Regards,
Tony
Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.
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when do diminishing marginal returns occur
Please help!!!!!!!
Answer:
Diminishing Marginal Returns occur when increasing one unit of production, whilst holding other factors constant – results in lower levels of output. In other words, production starts to become less efficient. For example, a worker may produce 100 units per hour for 40 hours.
Explanation:
Diminishing marginal returns occur when the addition of one more unit of a variable input leads to a decrease in overall output or productivity.
Diminishing marginal returns typically occur when the input of a particular factor of production, such as labor or capital, is increased while keeping other inputs constant. Initially, as more units of the input are added, the output or productivity increases at an increasing rate. This is known as increasing marginal returns.
However, as the input continues to increase beyond a certain point, the additional output gained from each additional unit of input begins to diminish. This means that the increase in output becomes smaller and smaller for each additional unit of input. The law of diminishing marginal returns states that there is a point at which the marginal returns start to diminish.
This phenomenon can be explained by various factors. For instance, when more labor is added to a fixed amount of capital, the workspace may become crowded, leading to inefficiencies and reduced output per worker. Similarly, when more fertilizer is applied to a fixed plot of land, there comes a point where additional fertilizer has a minimal impact on crop yields.
In summary, diminishing marginal returns occur when the addition of one more unit of a variable input leads to a decrease in the overall output or productivity. This happens after a certain point when the marginal returns begin to diminish.
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Select ALL the correct answers.
Which two of the following are factors of production?
a home mortgage loan
stock in a construction company
a newly built house
carpentry skills
planks of hardwood
Answer:
stock in a construction company
planks of hardwood
Generally, the revenue account for a merchandising enterprise is called:
a. Sales Revenue or Sales.
b. Investment Income.
c. Gross Profit.
d. Net Sales.
Often, a merchandising company's revenue account is referred to as Sales Revenue and Sales. The main source of income is typically the money made from selling goods.
How are sales revenues determined?Gross income from the selling of goods or services is referred to as revenue. Multiplying the quantity of sales with the sales price the average service price will yield the income in a straightforward manner. Sales times the average service and sales price equals revenue.
Is the profit from sales the same?Although both income and earnings are positive indicators for a firm, they are not the same thing. Both contribute significantly to understanding your business. Profit refers to net income after subtracting expenditures from earnings, whereas revenue refers to income gained via company activities.
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Identify and explain two ways in which managers could use information obtained in the income statement?
Answer:
An income statement is one of the three major financial statements that reports a company's financial performance over a specific accounting period.
Explanation:
What is vulnerability? Give examples of vulnerability and the
mitigation method can be taken to remove it.
Vulnerability refers to a weakness or flaw in a system, process, or infrastructure that can be exploited by malicious actors to gain unauthorized access, disrupt operations, or compromise data integrity and confidentiality. Vulnerabilities can exist in software, networks, hardware, and even human factors.
Software Vulnerability: A software application may contain coding errors or design flaws that can be exploited.
Network Vulnerability: Weak network configurations, unsecured wireless networks, or outdated protocols can leave networks vulnerable.
Social Engineering Vulnerability: Humans can be a weak link in security.
Hardware Vulnerability: Flaws or weaknesses in hardware components can create vulnerabilities. For example, a hardware keylogger inserted between a keyboard and computer can record keystrokes.
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The first unit of a product took 296 hours to build and the
learning curve is 91%. Approximately how long will it take to make
the 36th unit?
The time taken to produce each unit of a product can be estimated using a learning curve.
When a product is made repeatedly, the time taken to make each unit will generally decrease.
This is because workers become more efficient over time as they gain experience.
The formula to estimate the time taken to produce the nth unit of a product is given by:
Tn = T1 x n^log(1/r)
Where Tn is the estimated time taken to produce the nth unit,
T1 is the time taken to produce the first unit,r is the learning curve expressed as a decimal (in this case 91% = 0.91), and n is the number of units produced (in this case n = 36).
So, plugging in the given values,
T36 = 296 x 36^log(1/0.91)
T36 = 296 x 36^0.152T36 = 296 x 1.397
T36 = 413.352
It will take approximately 413.352 hours to make the 36th unit.
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Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,200, 13,000, 15,000, and 16,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 20% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.50 per pound. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.40. The fixed selling and administrative expense per month is $63,000. 5. If 76,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
Es el costo identificado plenamente en el segmento de producción, puede estar asociado a productos o servicios procesados o ejecutados y se transfieren directamente al producto final.
Answer:
Costos directos
Explanation:
El costo directo es aquel en el que se incurre durante la producción de bienes terminados y este costo está directamente asociado con los bienes fabricados. Este costo se agrega al valor de los productos finales terminados y luego se agregan otros costos indirectos y costos fijos a los productos terminados según la tasa de absorción.
activities that generally include sensorimotor activities, manipulative toys, and task completion type activities best describes what type of play?
Activities that generally include sensorimotor activities, manipulative toys, and task completion type activities best describes Beginning Play .
What is sensorimotor activities?
A newborn experiences the world while simultaneously growing their brain and body through crawling, balancing, visual tracking, and coordination. Sensorimotor system delays are frequent in kids who have learning or developmental problems.What are the sensorimotor stage's activities?
It starts from birth and continues until age 2. Your child picks up knowledge about the world by interacting with their environment during this time by employing their senses. They handle objects, lick them, thrash them about (joyfully, we might add), and then put them in their mouths. They start to work on their fine motor abilities as well.Learn more about sensorimotor activities.
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Seasonal variations and long-run trends complicate the measurement of the business cycle because.
Seasonal variations and long-run trends can greatly complicate the measurement of the business cycle.
Seasonal variations refer to the fluctuations in economic activity that occur in a particular season, such as the summer months. Since these seasonal fluctuations are usually unrelated to the overall trend of the economy, they can mask underlying trends and make it difficult to accurately measure the business cycle.
Long-run trends, on the other hand, refer to the gradual changes in the economy over time. These long-run trends can affect the magnitude of the business cycle and the timing of the peaks and troughs, making it difficult to accurately measure the business cycle.
In addition, long-run trends can also make it difficult to distinguish between a recession and an expansion as these trends can make the data appear to be in a recession when it is actually in an expansion or vice versa. Thus, seasonal variations and long-run trends can make it difficult to measure the business cycle accurately.
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Pharoah Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Pharoah Company Adjusted Trial Balance July 31, 2020 Account Titles No. Debit Credit 101 112 $10,100 8,900 15,700 157 158 201 $7,300 4,100 2,100 47,100 208 Cash Accounts Receivable Equipment Accumulated Depreciation-Equip. Accounts Payable Unearned Rent Revenue Owner's Capital Owner's Drawings Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 301 306 16,000 400 429 64,100 6,200 711 726 732 8,600 56,300 15,300 $130,900 $130,900 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e... (45).) Owner's Capital No. 301 Balance Date Explanation Debit Credit July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 SHOW LEST OF ACCOUNTS Prepare a post-closing trial balance at July 31, PHAROAH COMPANY Post-Closing Trial Balance Debit Credit Totals
Closing entries transfer temporary account balances to Income Summary and Owner's Capital accounts. A post-closing trial balance confirms all accounts have been adjusted, and Owner's Capital balance is correct.
To post to the Owner's Capital account, we need to close the temporary accounts of Service Revenue, Rent Revenue, Depreciation Expense, Salaries and Wages Expense, and Utilities Expense. We will use the Income Summary account to do this.
First, we will transfer the balances of the temporary accounts to the Income Summary account by debiting or crediting them as necessary. Then, we will transfer the balance of the Income Summary account to the Owner's Capital account. The resulting journal entries are as follows:
Service Revenue $64,100
Rent Revenue 8,600
Income Summary $72,700
Depreciation Expense 15,300
Salaries and Wages Expense 56,300
Utilities Expense 8,600
Income Summary $80,200
Income Summary $80,200
Owner's Capital $80,200
Next, we can prepare a post-closing trial balance to ensure that all accounts have been properly adjusted and that the Owner's Capital account reflects the correct balance after closing the temporary accounts. The post-closing trial balance includes only permanent accounts and should show equal debits and credits. The resulting post-closing trial balance for Pharoah Company at July 31, 2020, is as follows:
Pharoah Company
Post-Closing Trial Balance
July 31, 2020
Debit Credit
Cash $10,100
Accounts Receivable 8,900
Equipment 16,000
Accumulated Depreciation-Equip. 4,100
Accounts Payable 2,100
Unearned Rent Revenue 400
Owner's Capital 80,200
Totals $39,100 $39,100
In summary, the process of closing the temporary accounts and transferring the balances to the Owner's Capital account results in a post-closing trial balance that only includes permanent accounts.
This helps ensure that all accounts are properly adjusted and provides an accurate representation of the company's financial position at the end of the fiscal year.
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#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Shepherds company. Manufactures two types of shoes sneakers and boots .Each sneakers requires 2 direct labor hours and boots require 1.5 direct labor hours.The overhead rate. Per direct hour is $2 .Direct materials for sneakers and boots is $15-$20 .Respectivelay.The total unit cost for each product.
The question is incomplete. The complete question is :
Shepherd Company manufactures two types of shoes - sneakers and boots. Each sneaker requires 2 direct labor hours and boots require 1.5 direct labor hours. The overhead rate per direct labor hour is $2. Direct materials for sneakers and boots is $15 and $20, respectively. Direct labor for sneakers and boots is $5 and $7, respectively. The total unit cost for each product is:
Solution :
The total unit cost for a product = direct materials cost + direct labor cost + overhead cost
The total unit cost for the sneakers and the boots are :
Particulars Sneakers Boots
Direct material cost $15 $20
Direct labor cost $5 $7
Overhead cost $4 $3
Total unit cost $24 $30
The overhead rate per direct labor hour is $2
So, the overhead cost per unit of :
Sneakers : 2 hours at the rate $2 per hour = $4
Boots : 1.5 hours at the rate of $2 per hour = $3
Hence the answer is : total unit cost = Sneakers: $24; Boots: $30
Environmental cues turn tangible things into intangible ideas.
O False
O True
Tari is a human resource manager at a software company. She receives a call from an HR manager at another software company asking about Misha, a software engineer who used to work at the company and has applied for a job at the caller's company. Tari checks the company's records and sees that a co-worker had accused Misha of racial discrimination, but an investigation did not turn up any evidence to support the charge. Misha left the company two months later, saying she was no longer comfortable there. Tari is concerned about sharing the details of this situation with the caller. If telling the information to the caller leads to the other company not hiring Misha, what potentially unlawful behavior could Misha accuse the company of engaging in
The potentially unlawful behavior that Misha could accuse the company of engaging is Defamation or Misrepresentation
Defamation occur when a person give out wrong information or misleading information about another person that may damage the reputation of the person.
Based on the give scenario there was no any form of evidence to support the charge that Misha was a racial discriminatory.
Which means that if Tari shared what transpired with the caller it my damaged Misha reputation which will inturn may affect her career.
Assuming Tari later explained what transpired to the caller which leads to the other company not hiring Mirah it means Tari has engaged in unlawful behavior of tarnishing Misha reputation hence, Misha could accuse the company of engaging in defamation of character.
Inconclusion The potentially unlawful behavior that Misha could accuse the company of engaging is Defamation or Misrepresentation.
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when zappos, a leading online shoe retailer, receives an online order through its website, the order is sent directly to the most appropriate distribution center for fulfillment. this is an example of:
This is an example of a decentralised order fulfilment system, in which the orders are automatically diverted to the distribution centre best suited to fulfil them.
Explain Decentralized order fulfillment system?A decentralised order fulfilment system processes and fulfils orders across multiple locations rather than from a single location. Each location (such as a warehouse or retail store) in a decentralised system is responsible for fulfilling orders which are assigned to it, based on variables such as stock availability, closeness to the consumer, and cost of shipping. Decentralized order fulfilment systems have several advantages over centralised systems, including faster delivery times, lower shipping costs, and better inventory utilisation across multiple locations. They can, however, be more difficult to manage and require more information generated and logistics infrastructure to function effectively.
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Six importance of transportation to commerce
Transportation carries necessary raw materials to factory for production of goods and supplies finished goods to consumers. It creates place and time utility of goods by transporting from one place to another. It easily carries finished to the hands of those who need and use them.
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Answer:
there ar some of the importances