explain the utility of statistics as a manegerial tool​

Answers

Answer 1

Answer:

"Statistics is a board of method for maintaining knowledge. It is a simple and economical method to find the means and valuable data even for large numbers. In a managers life it is a very helpful tool to do analysis and making business growth values and make right forecast".

Explanation:


Related Questions

With the aid of a diagram explain the following will affect the quantity demanded of commodity A

Answers

Answer:

Demand may be defined as the quantity of a commodity that a consumer is able and willing to buy, at each possible price, over a given period of time. Essential elements of demand are quantity, ability, willingness, prices, and period of time.

Explanation: brainliest please

Question 1 of 10
If a product lacks necessary instructions, it is a(n)
product.
A. defective
B. express warranty
C. limited warranty
D. extended warranty
What is the answer to this

Answers

a defective because it doesnt show to build all the wad

What do Amazon and Tesla motors have in common

Answers

Answer:

Capital that help them to utilize the factors of production

Someone help choose correctly

Someone help choose correctly

Answers

Answer:

Bottom one for sure and least I think is either top one or the second to last.

What is the meaning
economics ​

Answers

Answer:

the branch of knowledge concerned with the production, consumption, and transfer of wealth.

2.

the condition of a region or group as regards material prosperity.

Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability

Answers

Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.

Thus, the correct option is A.

What is Business strategy?

A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.

A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.

Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.

A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.

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5. Your light bulb manufacturer pre-sells about 75% of their product. The remainder of the finished stock is stored in a warehouse that they own. There
loss to the warehouse and all the unsold finished stock is destroyed. How is this covered?
Manufacturers Selling Price Endorsement
Business Income
Commercial Property
Contingent Business Interruption
4

Answers

The coverage for the loss of the warehouse and unsold finished stock would typically fall under the Commercial Property insurance policy. The correct option is C.

Commercial property insurance covers physical loss or damage to a company's assets, such as its buildings, contents, and inventory. There are various coverage alternatives available for this situation within the Commercial Property policy. It's possible that the manufacturer has a policy endorsement referred to as "Manufacturers Selling Price Endorsement" or "Selling Price Endorsement." This endorsement does not cover the cost of manufacture or market value, only the loss of finished items or products at their selling price.

Thus, the ideal selection is option C.

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BankMart Inc. recently issued bonds that mature in 9 years. They have a par value of $1,000 and an annual coupon of 3%. The current market interest rate is 8%.What should be the bond's price?

Answers

Answer:

Price of Bond = $687.66

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  

Value of Bond = PV of interest + PV of RV  

The value of bond for Bank Mart Inc can be worked out as follows:  

Step 1  

Calculate the PV of interest payments  

Annual interest payment  

= 3%×  1000 = 30

PV of interest payment  

PV = A× (1- 1+r)^(-n)

A- 30, r- 8%, n- 9

30×  ((1-1.08^(-9))/0.08)=187.41

Step 2  

PV of redemption Value  

PV = RV × (1+r)^(-n)

RV - 1000, r- 8%, n- 9

PV of RV = 1000 × 1.08^(-9) = 500.24

Step 3  

Price of bond  

Total PV =  187.41 + 500.24 = $687.66

Price of Bond = $687.66

Imagine that In-N-Out starts selling animal-style burgers in Westwood and Santa Monica. Assume that animal-style burgers are differentiated enough from other burgers that we can approximate In-N-Out as a monopolist in these markets. Let qW and qSM be the quantities of burgers sold in Westwood and Santa Monica, respectively. The inverse demand for burgers in each location is pW (qW )=9−1/3qW and pSM (qSM )=12−1/2qSM. All animal-style burgers are produced in the same factory (before being shipped to different In-N-Out locations), with decreasing returns to scale. The total cost function for In-N-Out is C(q W,qSM)= (qW+qSM)^2. Assuming In-N-Out maximizes profits, what is the optimal quantity of burgers sold in Westwood? (a) qW=4 (b) qW=3 (c)qW=2 (d) qW=1 (e) q W=3/4

Answers

Burgers sold in Westwood at the right rate. Answer: (b) qW=3, the optimal quantity of burgers sold in Westwood is qW = 3.

What is the optimal quantity of burgers sold in Westwood?

To determine the optimal quantity of burgers sold in Westwood, we need to maximize In-N-Out's profits by setting the marginal revenue equal to the marginal cost. In this case, the marginal cost is equal to 2(qW+qSM).

We can start by setting up the profit equation:

π = pW(qW)qW + pSM(qSM)qSM - C(qW, qSM)

We can substitute the inverse demand equations and cost function into the equation:

π = (9 - 1/3qW)qW + (12 - 1/2qSM)qSM - (qW+qSM)^2

Next, we need to take the partial derivatives of π with respect to qW and qSM and set them equal to zero:

∂π/∂qW = 9 - 1/3qW - 2(qW + qSM) = 0

∂π/∂qSM = 12 - 1/2qSM - 2(qW + qSM) = 0

Solving for qW and qSM, we get qW = 3 and qSM = 3.

Therefore, the optimal quantity of burgers sold in Westwood is qW = 3.

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what is the factor affect the net export of a country

Answers

The factor that affect the net export of a country include:

domestic and foreign incomesrelative price levelsexchange ratesforeign trade policies etc

What is a net export?

This refers to the the difference between the monetary value of a nation's exports and imports over a certain time period.

In conclusion, the net export is derived after the deduction of the total import from the total export in a year.

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Grimm Manufacturing is trying to determine the equivalent units for conversion costs with 15,000 units of ending work in process at 40% completion when there is a total 45,000 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period

Answers

Answer: 36000 units

Explanation:

Ending work in process = 15,000 units

Completion rate = 40%

Total physical units = 45,000

The units completed will be:

= Total Units - Ending working in process

= 45,000 - 15,000

= 30,000

Since only 40% of the ending work in process inventory units has been completed, the completed units will then be:

= 15,000 × 40%

= 15000 × 0.4

= 6,000 units.

Then, the equivalent units for conversion costs for the current period will be:

= 30,000 + 6,000

= 36,000 units.

List 10 ways you can apply green computing to your daily life.

Answers

1. Making Purchases from Businesses That Have a Commitment to the Environment

2. Taking Part in Programs for Recycling Electronic Equipment

3 Implementing Virtualization and Other Technologies

4 Reducing the Amount of Printed Material and Recycling Paper

5 Power down your computer and monitor

6. Modify the level of Brightness

7 Refrain from Utilizing a Screen Saver

8 Disconnect All Extraneous Devices

9 Make sure your printer is turned off.

10 Printed on Both Sides of the Sheet

This is further explained below.

What is computing?

Generally,  Computer refers to any goal-oriented activity that requires or benefits from the use of computing hardware or that creates such machinery.

The investigation and testing of algorithmic processes, as well as the creation of both hardware and software, are included in this field.

In conclusion,

1. Making Purchases from Businesses That Have a Commitment to the Environment

2. Taking Part in Programs for Recycling Electronic Equipment

3 Implementing Virtualization and Other Technologies

4 Reducing the Amount of Printed Material and Recycling Paper

5 Power down your computer and monitor

6. Modify the level of Brightness

7 Refrain from Utilizing a Screen Saver

8 Disconnect All Extraneous Devices

9 Make sure your printer is turned off.

10 Printed on Both Sides of the Sheet

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Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.

Answers

a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.

c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units

a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].

Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.

b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.

The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:

(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit

Plugging in the values, we have:

(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units

c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.

The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.

The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.

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. People Who Have Some College Education Fiftythree percent of all persons in the U.S. population have at least some college education. Choose 10 persons at random. Find the probability that a. Exactly one-half have some college education b. At least 5 do not have any college education c. Fewer than 5 have some college education

Answers

The U.S. resident population increased by 0.4%, or 1,256,003, to 333,287,557 in 2022 following a historically low rate of change between 2020 and 2021.

What is the likelihood that one-half have some college education?

There is a 17.3425% chance that half of the population has some college education. Therefore, the Binomial distribution will be used to solve the problem. A person is more likely to have at least some college education if their probability is p = 63%, or 0.63.

Education in a college setting is defined as taking classes at a university that offers a bachelor's degree or higher, or at a university that offers a minimum of a two-year program that can be used to fulfill all the requirements for that degree.

In relation to India, the term "higher education"

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Three years ago, Cornelius Matthews purchased 500 shares in the Vanguard Dividend Growth fund - a Morningstar five-star fund that invests in corporations that are currently paying dividends and is a fund that will provide a steady stream of dividend income. His rationale fort choosing this fund was that he wanted a fund that was conservative and highly rated. Each share in the fund cost $22. At the end of the three years, he received income dividends and capital gain distributions that total $3.62 a share for the three-year period. At the end of the three years, the shares in the fund were selling for $27.

How much did Mr. Matthews invest in this fund?

A$11,000
B$13,500
C$5.14
D$3.62

Answers

Mr. Matthews' investment in the Vanguard Dividend Growth fund was (A) $11,000

To determine how much Mr. Matthews invested in the Vanguard Dividend Growth fund, we need to calculate the cost of the initial investment of 500 shares at $22 per share:

500 shares x $22 per share = $11,000

Therefore, Mr. Matthews invested $11,000 in the fund.

We are also told that Mr. Matthews received income dividends and capital gain distributions that total $3.62 per share for the three-year period. To determine the total amount of dividends and distributions received, we can multiply $3.62 per share by 500 shares and by 3 years:

$3.62 per share x 500 shares x 3 years = $5,430

Therefore, Mr. Matthews received $5,430 in income dividends and capital gain distributions over the three-year period.

Finally, we are told that the shares in the fund were selling for $27 at the end of the three years. To determine the value of Mr. Matthews' investment at the end of the three years, we can multiply the current share price by the number of shares he owns:

500 shares x $27 per share = $13,500

Therefore, Mr. Matthews' investment in the Vanguard Dividend Growth fund was $11,000, and the value of his investment at the end of the three years was $13,500.

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Shareholders, customers, suppliers, and employee groups are considered
A. indirect stakeholders
B. convertible stakeholders
C. direct stakeholders
D. formal stakeholders

Answers

A is the answer... I think

Answer: its “direcr stakeholders”

Explanation: bcs it is

What are the main goals of Fiscal Policy?

Answers

Answer:

In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.

Explanation:

hope this helps if not please let me know

The main goals of fiscal policy are it is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

What is fiscal policy?

Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.

Fiscal policy is often contrasted with monetary policy which is regulated by the central bank. It is largely inspired by the ideas of British economist John Maynard Keynes whose theories were developed in the response to the Great Depression and were hugely influential in the formulation of the New Deal in the U.S. that aimed at huge spending for public projects and social welfare development.

When policymakers want to influence the economy, they mainly have two tools at their disposal, Monetary policy and Fiscal policy.

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designated research staff, bill stop staff, and claims processing staff use the coverage analysis to:

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In order to assure institutional billing compliance, a coverage analysis is a thorough examination of all the procedures described in the research protocol. It identifies how each service and/or operation at each visit time point should be paid.

Items or services required for reasonable and necessary care, including for the diagnosis or treatment of problems resulting from the supply of an experimental item or service "A research study in which one or more human subjects are prospectively assigned to one or more interventions4 (which may include a placebo or other control) to evaluate the effects of those interventions on health-related biomedical or behavioural outcomes," according to the definition given by the National Institutes of Health. Coverage describes the continual effort analysts do to evaluate and report on a company's operations and provide recommendations, such as "buy" or "sell." An rise in trading activity and investor interest typically occur at the same time as the start of coverage on a stock.

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Designated research staff, bill stop staff, and claims processing staff use the coverage analysis to identifies in the protocol

And on the study calendar the research-only services that are eligible for reimbursement and validates the routine services.

Option B is correct.

Coverage analysis:

A Coverage Analysis is a systematic review of all study protocol procedures to determine how each service and/or procedure should be billed at each visit time point to ensure institutional compliance. During this process of making a decision, references to Medicare billing guidelines are made.

To guarantee accurate billing, it is essential to conduct a coverage analysis. A coverage analysis is a review to determine whether a research study is eligible for Medicare coverage and to outline the items and services that should be billed to Medicare as part of the study. The coverage analysis is an essential step in the process of activating the study and has the potential to save sites time, money, and their reputation in the long run.

Question is incomplete . Missing option are:

Designated research staff, bill stop staff, and claims processing staff use the coverage analysis to:

A. proper budget development

B.Validates the routine services and determines research only services in the protocol and on the study calendar for coverage in reimbursement.

C. Quickly review the first few patients' protocol visits after they have started the study.

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Say you bought a share of Sun Microsystems for $100 and a share of Cisco for $10. The price of each is currently $15. Assuming taxes are not an issue, which would you sell if you need $15?

Answers

the cisco share because you have made a profit from it

What dose it mean to be fully human were interacting with others any virtual space like classroom why or why not

Answers

While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.

It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.

Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.

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The brand changes form part of a strategic plan the group conceived in September last year called Ekuseni (the Zulu word for “dawn”)”
“Pick n Pay and its new CEO are taking the fight to competitors in a strategy..”
“Pick n Pay yesterday launched a new strategic plan…”
Evaluate the proposed strategy that Pick n Pay is planning to implement, including in your evaluation, the potential risks attached to the proposed new strategy

Answers

Pick n Pay's proposed strategy, known as Ekuseni, aims to implement changes in their brand and take the fight to competitors. The strategy, conceived in September last year, focuses on strategic planning and was launched recently. While the strategy holds potential for success, there are risks associated with its implementation.

1. Pick n Pay's proposed strategy, called Ekuseni, includes changes to their brand and a competitive approach to rivals. This strategic plan was conceived in September last year, with the term Ekuseni referring to "dawn" in Zulu.

2. The strategy aims to revamp the brand image and position Pick n Pay as a strong competitor in the market. By taking the fight to competitors, the company intends to gain a competitive edge and attract more customers.

3. The launch of the new strategic plan indicates that Pick n Pay is committed to implementing this strategy and achieving its goals. It demonstrates the company's intention to adapt and stay relevant in the evolving market.

4. However, like any strategic plan, there are potential risks associated with its implementation. These risks include customer resistance to changes in the brand, increased competition from rivals, and potential financial strains due to the cost of rebranding and marketing efforts.

5. Customer resistance is a common risk when brands undergo significant changes. If the proposed strategy doesn't resonate with Pick n Pay's target market, it could lead to a decline in customer loyalty and affect sales.

6. Additionally, taking the fight to competitors may trigger retaliatory actions from rival companies. This could result in intensified competition, price wars, and potential market share loss for Pick n Pay.

7. Finally, implementing a new strategic plan involves financial investments. The cost of rebranding, marketing campaigns, and operational changes may strain the company's resources, potentially impacting its financial stability.

In conclusion, while Pick n Pay's proposed strategy holds promise for the company's growth and competitiveness, there are risks involved. Proper planning, market research, and effective execution will be crucial to mitigating these risks and ensuring the success of the strategy.

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Place the Elements of a Sales Process in the correct order

Question 1 options:

Presentation

Prospecting

Follow-up

Approach

Closing

Preparation

Handling Objections

Answers

Explanation:

Preparation

Approach

Presentation

Prospecting

Handling objectives

Follow up

Closing

Answer:

1. Prospecting

2. Preparation

3. Approach

4. Presentation

5. Handling objections

6. Closing

7. Follow up

Explanation:

3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is:

a. Increased
b. Decreased
c. Can be increased or decreased
d. None of the above

Answers

I think the answer is C. Can be increased or decreased

please help this is urgent!!

please help this is urgent!!
please help this is urgent!!

Answers

The equation Total Assets = Total Liabilities + Owner's Equity is correct, as the total assets equal $36,000 and the total liabilities and owner's equity equal $36,000

How to calculate the amount

The completed balance sheet for XYZ Supplies:

Assets:

Cash $12,000

Supplies - Cleaning $14,000

Supplies - Office $10,000

Total Assets $36,000

Liabilities:

Accounts Payable - Supply Zone $15,000

Accounts Payable - Office Zone $5,000

Total Liabilities $20,000

Owner's Equity:

Zach DeFoe, Capital $16,000

Total Owner's Equity $16,000

Total Assets = $36,000

Total Liabilities + Owner's Equity = $20,000 + $16,000 = $36,000

As we can see, the equation Total Assets = Total Liabilities + Owner's Equity is correct, as the total assets equal $36,000 and the total liabilities and owner's equity equal $36,000.

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Unlimited liability for sole proprietors means that​

Answers

Answer:

Sole proprietors and partners have unlimited liability. The unlimited liability means that if you're unable to repay the debts of the business, your creditors can go after whatever you own

attitude is an overall favourable or unfavorable evaluation of a product or service.

Answers

Answer:

rat

Explanation:

What expectation for ethical behavior and procedures that should be followed?

Answers

Ethical behavior and procedures are essential in maintaining integrity and trust in any organization. The expectations for ethical behavior and procedures may vary depending on the specific industry, organization, and jurisdiction.

However, there are some common principles and guidelines that can be followed. Here are a few key expectations:

Compliance with Laws and Regulations: Employees and stakeholders should comply with all applicable laws, regulations, and industry standards. This includes legal and regulatory requirements related to financial reporting, taxation, data protection, workplace safety, and environmental protection.

Honesty and Integrity: Individuals should act with honesty, integrity, and transparency in all their professional interactions. This involves avoiding conflicts of interest, providing accurate and truthful information, and not engaging in fraudulent or deceptive practices.

Confidentiality and Data Protection: Employees should respect the confidentiality of sensitive information, including customer data, trade secrets, and proprietary information. They should follow appropriate procedures to protect data privacy and ensure compliance with data protection laws.

Fair Treatment and Respect: All individuals should be treated fairly and with respect, regardless of their background, race, gender, religion, or other characteristics. Discrimination, harassment, or any form of unfair treatment should not be tolerated.

Ethical Decision-Making: Individuals should make decisions based on ethical considerations, considering the impact on stakeholders and society as a whole. This involves avoiding conflicts of interest, exercising professional judgment, and seeking guidance when faced with ethical dilemmas.

Accountability and Responsibility: Employees should take responsibility for their actions, acknowledge mistakes, and be accountable for the consequences of their decisions. This includes reporting unethical behavior, complying with internal control procedures, and cooperating with internal and external audits.

Social and Environmental Responsibility: Organizations and individuals should consider the broader impact of their actions on society and the environment. This may involve promoting sustainability, minimizing waste and pollution, and supporting social initiatives.

These expectations for ethical behavior and procedures should be communicated clearly to all employees through codes of conduct, ethics training programs, and regular communication from management. It is important to foster a culture of ethics and integrity, where individuals are empowered to raise concerns, report violations, and seek guidance without fear of retaliation.

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Please help ASAP giving BRAINLIEST , Did I get this correct?

Please help ASAP giving BRAINLIEST , Did I get this correct?

Answers

Answer:

No, in my opinion I would choose:

A) the properties of free-market system that determine what the outcomes will be.

Explanation:

That would be my answer because the definition of market forces is "the economic factors affecting the price of, demand for, and availability of a commodity."(off the internet) and the answer which fits that definition the most in my opinion is A.

That would be my answer at least.

Hope this helps!

Darwin Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income, $200,000 • Accounts receivable increased $18,000 • Prepaid insurance increased $7,000 • Depreciation expense was $25,000 • Loss on sale of a building was $22,000 • Wages payable increased $14,000 • Unearned revenue decreased $21,000 Using the indirect method, how much was Darwin's net cash provided by operating activities?

Answers

Answer: $215,000

Explanation: Using the indirect method, Net cash  by Darwin company is given  

= Net Cash Flow from Operating Activities of Darwin Company.

Net income                                                       $200,000

Accounts receivable (subtract)                       $18,000

Prepaid insurance increase (subtract )            $7,000

Depreciation expense  (add)                          $25,000

Loss on sale of a building (add)                        $22,000

Wages payable increased (add)                       $14,000

Unearned revenue decreased ( subtract )     $21,000

Net Cash  Flow                                                $215,000

In general, the formula for calculating indirect method for Net Cash Flow is Net Income  +Non-Cash Expenses:(Depreciation, Depletion & Amortization Expense)+Non-Operating Losses:

(Loss on Sale of Non-Current Assets)  − Non-Operating Gains:  (Gain on Sale of Non-Current Assets)  + Decrease in Current Assets:(Accounts Receivable, Prepaid Expenses, Inventory etc.)  − Increase in Current Assets+Increase in Current Liabilities:(Accounts Payable, Accrued Liabilities, Income Tax Payable etc.)  − Decrease in Current Liabilities (from xplaind.com)

According to the indirect method, Our Net cash flow will be

Net cash flow =Net  income - (Accounts receivable increase  +  prepaid insurance increase + unearned revenue decrease ) + (Depreciation expense + loss on sale of building + wages payable  increase)

Net Cash flow=$200,000 -($18,000+$7,000+$21,000) + (25,000+22,000 14,000)= $215,000

Match the design thinking stage to its description.

Question 14 options:

The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs)


Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better


Analyze observations and information to identify the core problem


The design team comes up with solution ideas


The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers

1.
Empathize

2.
Define

3.
Ideation

4.
Prototype

5.
Test

Answers

The design team creates multiple inexpensive versions of the product, known as minimum viable products (MVPs) - Prototype.

Spend time gaining an understanding by observing, engaging, and empathizing with customers to understand their experiences and their needs better - Empathize

Analyze observations and information to identify the core problem - Ideation

The design team comes up with solution ideas - Ideation

The design team identifies any additional problems and refines the final solution before the final product is produced and released to customers - Test

What is a Design thinking?

Generally, a design thinking means the set of cognitive, strategic and practical procedures used by designers in the process of designing and to body of knowledge that has been developed about how people reason when engaging with design problems. A design thinking is also associated with the prescriptions for the innovation of products and services within business and social contexts.

The term "design thinking" is been used to refer to specific cognitive style, a general theory of design (which is way of understanding how designers work), and a set of pedagogical resources (through which organisations or inexperienced designers can learn to approach complex problems in a designerly way).

Read more about design thinking

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