a dode blank has three beats'

Answer:

What price will they charge:

$9

What is the total quantity produced?

$6

What are the profits for each firm?

$27

If one of the producers produces an extra unit to get higher profits, what is the new market price?

$7

What are the profits for this firm when it breaks the agreement?

$28

What are the other firm's profits after the agreement is broken?

$21

Explanation:

In preparation of our Trial Balance, we have an equal credit and debit side which equals to $65,745.

A trial balance can be used to identify mathematical errors in a double entry accounting system. If the total debits equal the total credits, the trial balance is considered balanced, and no mathematical errors should exist in the ledgers.

No Particulars L.F.               Debit ($)      Credit ($)

1.    Purchases                       12,000

2.   Sales                                                     25,000

3.    Discount                          1,200

4.    Salaries                            2,500

5.    Wages                             10,000

6.     Cash in Hand                  975

7.     Cash at Bank                   13,500

8.     Repairs & Maintenance  870

9.     Sundry Expenses            350

10.     Mortgage                                             14,000

11.     Mortgage Interest            250

12.     Traveling Expenses        100

13.     Insurance                         150

14.     Carriage                           250

15.     Commission                     350

16.     Rent and Rates                600

17.     Building                            6,000

18.     Machinery                        5,000

19.     Delivery Van                    4,000

20.     Capital                                                  20,000

21.     Accounts Payable                                 3,200

22.     Accounts Receivable      4,500

23.     Opening Stock                 2,450

24.     Returns Inward                 300

25.     Reserve for doubtful debts                  800

26.     Notes Payable                  2,745

27.     Notes Receivable                                  400

Total                                           $65,745     $65,745

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DMAIC is a process used in the Six Sigma methodology to improve business processes by reducing defects and variability. It stands for Define, Measure, Analyze, Improve, and Control.  Option D

This process is applicable in all industries and can be used to improve various business processes.

The first step in DMAIC is to Define the problem, goal, and scope of the project. This step helps to clearly define the problem and understand what needs to be improved. The second step is to Measure the current performance of the process and establish a baseline. This step involves collecting data and analyzing it to determine the current state of the process.

The third step is to Analyze the data collected in the previous step to identify the root cause of the problem. This step helps to understand the underlying causes of the problem and provides insight into how to solve it. The fourth step is to Improve the process by implementing solutions to address the root cause of the problem. This step involves testing and implementing the solution to ensure it is effective. Option D

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Answer:

D Values

Explanation:

The growth in accounts payable is most likely a factor in accounts receivable estimates given this information.

Accounts payable (AP), sometimes known as "payables," is the term used to describe a business's current short-term obligations to its suppliers or creditors. A company's payables are listed as a current obligation on its balance sheet.

The business division or department in charge of making payments due by the company to suppliers and other creditors is referred to as "AP" in another, less prevalent usage. Accounts receivable and payable are comparable.

Are business expenses for accounts payable?

No. Accounts payable shouldn't be mistakenly taken to mean routine expenses related to a company's core operations, as some people do. On the balance sheet, payables are listed as a liability, but expenses are shown on the income statement of the business.

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Answer:

the best way is phone

Explanation:

becuase to get all of them in a group and tell them all

Classify costs as product or period expenses by considering their relation to the production department.

A. Advertising expenses: Advertising expenses are typically considered period expenses (PE) rather than product costs (PC) because they are incurred to promote the company's products or services as a whole, rather than directly related to the production of specific products.

B. Direct labor: Direct labor costs are classified as product costs (PC) because they are directly associated with the production of goods. These costs include the wages and benefits paid to workers who directly contribute to the manufacturing or assembly of products.

C. Insurance on office equipment: Insurance on office equipment is typically categorized as a period expense (PE) because it is not directly tied to the production of goods. Instead, it covers the general operations and protection of office assets and is considered an ongoing expense.

D. Legal expenses: Legal expenses can be classified as both product costs (PC) and period expenses (PE), depending on the nature of the legal services. If the legal expenses are directly related to product development, patents, or other production-related matters, they can be considered product costs. However, if the legal expenses are for general legal matters unrelated to production, such as contract disputes or employment issues, they would be classified as period expenses.

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Answer:

alot

Explanation:

Answer:

Explanation:

wrong

Answer:

yes and yes

Explanation:

Organizational culture is the set of beliefs, values, norms, and practices that shape the way an organization operates and interacts with its stakeholders.

It is often referred to as the "personality" of the organization and can be classified into four main types: clan, adhocracy, market, and hierarchy.

Clan culture is characterized by a strong sense of family and collaboration among employees, with an emphasis on mentoring and nurturing.

Adhocracy culture values creativity, innovation, and risk-taking, with a focus on flexibility and adaptability.

Market culture is competitive and results-oriented, with a focus on achieving goals and maintaining a strong market position.

Hierarchy culture is structured and formal, with clear roles and responsibilities and an emphasis on efficiency and stability.

In my organization, the organizational culture we have is a strong clan culture. There is a sense of camaraderie and support among employees, and we often work together on projects and share ideas.

We also have a mentoring program in place to help new employees learn the ropes and develop their skills. This has helped to create a positive and productive work environment and has contributed to the success of the organization.

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Since the image is not given, answer will be subjective. The spending in

the economy would decrease because income is falling.

The income of a person is known to be what a person is been paid for working for a firm or others.

Note that  The spending in the economy would decrease because income is falling because there is no much money in the circulation.

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It is true that the only advantage Double-Dip has over its competitors is its taste.

Anyone who engages in business with, owns a company, participates in a sport team, or supports an institution is a competitor. In a race, a person is your competition if they're aiming to outrun you. In business, we don't merely say a person is a rival. Likewise, there are rivals in politics, acting, music, athletics, and other fields. A close competitor is referred to as a rival in business. As a result, competitors produce identical products and are of a similar size. We refer to two businesses as archrivals when they are industry leaders. Coca-Cola and PepsiCo, two market share leaders in the beverage industry, produce nearly identical goods. Coca-Cola and Pepsi are fierce competitors.

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The number of police officers in 2016 to have a greater percent increase than that of private investigators will be 761,307.

Given:

Private investigators in 2006 = 52,000

Private investigators in 2016 = 61,000

The percentage increase in the number of private investigators can be calculated as:

\(\begin{aligned} \rm Percentage\:increase\ &= \dfrac{Increase\:in\:Private \:investigators\:from\:2006\:2016}{Private\: investigators\:in\:2006}\times 100\\\\&= \dfrac{61,000 - 52,000}{52,000}\times 100\\\\&=\dfrac{9,000}{52,000}\times 100\\\\&= 17.30\% \end\)

The increased number of police officers can be calculated as;

\(\begin{aligned} \rm Police\:officers\:in\:2016 &= Police\:officers\:in\:2006 + 17.30\%\\\\&= 648,982 + 17.30\%\\\\&= 761255.886\end\)

Since the percentage increase in the number of officers is more than that of private investigators. The number of police officers will be 761,307.

Hence the correct option is b.

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Answer:

Net Income    $ 17688

Retained earnings, December  31, 2017             $ 98,208

Explanation:

Sheffield Corp.

Income Statement

For the year 2017

Service revenue                                         76,560  

Advertising expense 2,376

Rent expense 13,728

Utilities expense 3,168

Salaries and wages expense 39,600

Total Expenses                                          58,872

Net Income                                               $ 17688

To make an income statement the total expenses are deducted from total revenues.

Sheffield Corp.

For the year 2017

Statement Of Retained earnings

Retained earnings, January 1, 2017                   $88,440

Add Net Income                                                     17688  

Less Dividends                                                         7,920

Retained earnings, December  31, 2017             $ 98,208

The effective rate of protection is 61.1% (rounded to one decimal place).

Tariffs refer to taxes imposed by governments on imports and exports. The purpose of these taxes is to protect domestic industries and to generate revenue for the government. Tariffs are usually used by developing countries to protect their domestic industries from cheaper foreign goods. In this question, the South African government has imposed a tariff of 15% on Bluetooth earphones.

The effective rate of protection is the percentage difference between the domestic price of a product and its international price, taking into account any tariffs or subsidies. The formula for calculating the effective rate of protection is as follows:

Effective rate of protection = (Pd - Pw + T) / Pw

Where:

Pd = Domestic price

Pw = World price

T = Tariff rate

In this question:

Pd = R335

Pw = R300

T = 15%

Substituting these values into the formula, we get:

Effective rate of protection = (335 - 300 + 0.15 x 300) / 300= 0.611 or 61.1% (rounded to one decimal place).

Therefore, the effective rate of protection is 61.1%.

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In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.

Co - workers.

Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.

Given,

Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.

Here we need to find how you should handle this situation.

While we looking into the given question, we have identified the following,

There are 2 administrative assistant in your company.

One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.

So, in this situation, two of your peer interested for the position and asking you about the recruitment process.

Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.

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Answer:

2%

Explanation:

Along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure rises, causing individuals to supply a higher quantity of labor.

D. increases; greater

along an upward-sloping labor supply curve, as the wage rate increases, the opportunity cost of leisure increases, causing individuals to supply a greater quantity of labor.

when the wage rate increases, individuals face a higher opportunity cost of leisure. this means that the cost of not working (i.e., enjoying leisure time) becomes more significant as the potential earnings from working increase. as a result, individuals are motivated to supply a greater quantity of labor in order to take advantage of the higher wages and maximize their income.

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Answer:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.

Explanation:

To calculate the required values, let's go step by step:

Given information:

Inventory turnover rate = 7 times per year

Average inventory = E35,000

Mark up = 40%

Expenses = 60% of gross profit

(a) Gross Profit:

Gross Profit can be calculated using the formula:

Gross Profit = Net Sales - Cost of Goods Sold

To calculate the Cost of Goods Sold (COGS), we need to find the average inventory value using the turnover rate:

COGS = Average Inventory / Inventory Turnover

COGS = E35,000 / 7

COGS = E5,000

The selling price can be determined by adding the mark-up percentage to the cost price:

Selling Price = Cost Price + (Mark up % * Cost Price)

Selling Price = E5,000 + (40/100 * E5,000)

Selling Price = E5,000 + E2,000

Selling Price = E7,000

Now, we can calculate the Gross Profit:

Gross Profit = Selling Price - Cost of Goods Sold

Gross Profit = E7,000 - E5,000

Gross Profit = E2,000

(b) Turnover:

The turnover is already given as 7 times per year.

(c) Total Expenses:

Total Expenses are 60% of the Gross Profit.

Total Expenses = 60/100 * Gross Profit

Total Expenses = 60/100 * E2,000

Total Expenses = E1,200

(d) Net Profit:

Net Profit is calculated by subtracting Total Expenses from Gross Profit.

Net Profit = Gross Profit - Total Expenses

Net Profit = E2,000 - E1,200

Net Profit = E800

Therefore:

(a) Gross Profit = E2,000

(b) Turnover = 7 times per year

(c) Total Expenses = E1,200

(d) Net Profit = E800

IBM most likely uses a decentralized or matrix structure. Given the description provided, IBM's approach of putting investments, people, and  skills and environment suggests a geographically dispersed and globally integrated organizational model.

In such a model, IBM is likely to have operations and teams located in various regions or countries to leverage cost advantages, access specific skills, and adapt to local market conditions.

A decentralized structure would allow IBM to have greater autonomy and decision-making authority at regional or country levels, empowering them to make decisions based on local knowledge and market dynamics. This structure enables IBM to respond quickly and effectively to diverse customer needs and market opportunities worldwide.

Alternatively, IBM may also employ a matrix structure. A matrix structure combines functional and geographic or product-based reporting lines, allowing for cross-functional collaboration and resource sharing across different regions or business units. This structure facilitates the coordination and integration of activities, leveraging sophisticated strategies and technologies to support global operations while optimizing costs, skills, and environmental factors.

Overall, IBM's emphasis on global presence, cost optimization, and coordination suggests that a decentralized or matrix structure is most likely employed to support its operations.

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Answer:

True

Explanation:

Retained earnings are profits that management opts not to distribute to shareholders. They are profits invested back in the business. The statement of retained earnings is the financial statement that records the retained earnings.

Calculation of retained earnings is by deducting dividends from the net profits. In the statement of retained earnings, net profits are added to the beginning balance of retained earnings and subtracting dividends declared.

Controlling the operational functions of a children's circus event involves managing staffing, inventory, and revenue. Effective leadership and management require clear communication, setting expectations, goal setting, and providing feedback to the team.

As part of controlling the operational functions of the children's circus event, I would implement the following measures:

Staffing: To ensure that the event runs smoothly, I will create a staffing plan that includes the number of staff required, their roles, and responsibilities.

I will also develop a training program for the staff to ensure that they are equipped with the necessary skills and knowledge to handle their tasks efficiently. To monitor staff performance, I will conduct regular performance evaluations and provide feedback on areas that need improvement.

Inventory: I will set up an inventory management system to monitor the inflow and outflow of inventory. I will also ensure that there is enough inventory to meet the demand by monitoring inventory levels and reordering when necessary.

Additionally, I will establish controls to prevent theft and misuse of inventory items.

Revenue: To manage revenue, I will implement a ticketing system that accurately tracks the number of tickets sold and the revenue generated.

I will also set up a system to manage cash flow, including daily cash reconciliations and depositing funds in a timely manner. To prevent revenue leakage, I will implement controls to prevent unauthorized access to the cash register and monitor all transactions.

To lead and manage my team effectively, I will provide clear expectations, set goals, and communicate regularly with my team. I will also encourage open communication and create a positive work environment that fosters teamwork and collaboration.

Finally, I will lead by example, demonstrating professionalism, dedication, and a commitment to excellence.

In summary, controlling the operational functions of the children's circus event involves implementing measures to manage staffing, inventory, and revenue effectively.

Effective leadership and management require clear communication, setting expectations, goal setting, and providing feedback to the team.

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When an employer treats some employees differently due to their race, religion, sex, national origin, or age, it is known as Disparate Treatment.

Disparate treatment of an individual as an employee that's less favorable than treatment of others for discriminatory reasons as race, religion, national origin, sex, or disability.

Disparate treatment may be a thanks to prove illegal employment discrimination. An employee who makes a disparate treatment claim alleges that he or she was treated differently than other employees who were similarly situated, which the difference was supported a protected characteristic.

Disparate treatment occurs when a worker is treated differently than employees who don not have the identical protected characteristics.

Example of disparate treatments in business: Hiring on the premise of strength to favor male gender over female gender employees.

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All of the answers are correct in the following modern art.

The development of modern art was influenced by various factors, including the French Revolution, the Industrial Revolution, and the advent of photography. Each of these factors played a significant role in shaping the art world and giving rise to new artistic movements.

The French Revolution, which occurred in the late 18th century, challenged traditional societal structures and sparked a spirit of rebellion and individualism. This cultural shift had an impact on artistic expression, leading artists to explore new forms and challenge established norms.

The Industrial Revolution, which began in the late 18th century and continued into the 19th century, brought about significant technological advancements and social changes. It introduced new materials, techniques, and subject matters that artists incorporated into their work, reflecting the changing industrialized world.

The invention and widespread availability of photography in the mid-19th century had a profound impact on art. It offered a new way of capturing and representing reality, which challenged traditional artistic conventions and pushed artists to explore alternative forms of expression.

Therefore, all of these factors together, including the French Revolution, the Industrial Revolution, and the emergence of photography, contributed to the development and emergence of modern art.

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Rational decision-making ignores any consideration of sunk costs which is option C.

Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such choices on the price of products or the cost of purchasing inventories. Sunk expenses are disregarded while making future business decisions since they won't change regardless of the choice made.

Money that has already been spent and cannot be recouped is referred to as a sunk cost. A manufacturing company, for instance, may have a variety of sunk expenses, including the cost of machinery, equipment, and facility leasing payments. A sell-or-process-further choice, which refers to things that may be sold as-is or can be processed further, excludes sunk costs.

Organisations should only take into account relevant expenses—including any future expenditures that still need to be incurred—when making business choices. The related expenses and the possible earnings of various options are compared.

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