Jim is happy to talk with Mike about this issue. He felt during Mike's interviews that Mike's experience with vendors would be a great asset to the company. Jim feels like it's a good idea for Mike to contact some of the vendors who have complaints about his line's products. How should Mike respond?
Answers
Meeting with vendors is part of his job, and he should make plans to call them.
Who is a vendor ?A vendor is a party in the supply chain that makes goods and services available to companies or consumers. He is an individual or company that sells goods or services to someone else in the economic production chain.
Here, Mike was employed by Jim due to his experience with vendors. What this means is that Mike should use his experience to negotiate with the vendors on behalf of the company.
Therefore, Mike should respond that meeting with vendors is part of his job, and he should make plans to call them.
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Related Questions
Match the association type with the person that best fits the description: personal association a. your parents b. the president of your gardening club c. the man you met while walking your dog d. your doctor
Answers
Answer:
A
Explanation:
edge 2021
Describe and analyze the broad range of talent management efforts that use software applications to help you Director to make an educated decision. Give some examples of firms that have successfully used these applications. Describe how these efforts are useful in terms of strategic human capital management.
Answers
Answer:
Various management efforts are employed by Human Resources manager in an organization to ensure talent are used effectively and efficiently. These efforts are made by HR's to achieve the long term objectives of an organization. The key premise of talent management is acquiring, hiring and retaining talented employees.
Now, broad range of talent management efforts that use software applications are team execution, business alignment (align individual goals with corporate strategy), measuring people performance and then create a pay for performance culture. Managers and the HR team use software applications to gain meaningful access to all the data that is required to reward individual employees for their actual performance. The use of software applications in the areas and domains mentioned above serves as an analytical and diagnostic tool.
There are many firms that use these software applications. Companies like Patheon Pharmaceuticals in North America and Faurecia in Europe are two such companies who use SAP's software applications to augment their talent management efforts.
¿Name three types of Insurance.?
Answers
Three types of insurance are health insurance, life insurance, and auto insurance.
Insurance is a contract between the insurance provider and the policyholder in which the provider agrees to pay the policyholder a specific amount of money in exchange for the premium paid by the policyholder. Insurance is one of the most critical financial investments a person can make. It's crucial to consider the numerous sorts of insurance available to determine the best fit for your requirements.
Health Insurance: It is an agreement between the insurer and the policyholder that covers the medical expenses of the policyholder. Health insurance covers medical expenses such as hospitalization costs, lab tests, doctor visits, and prescription medications. Health insurance can be purchased by an individual or through an employer-sponsored plan.
Life Insurance: It is an insurance policy that pays out a death benefit to the policyholder's beneficiaries upon the policyholder's death. Life insurance can be permanent or term. Permanent life insurance is lifelong coverage, while term life insurance provides coverage for a set period.
Auto Insurance: It is a contract between the insurer and the policyholder that covers any damage caused to the policyholder's vehicle, as well as any other party's vehicle involved in the accident. Auto insurance policies also cover medical expenses and lost wages that result from a car accident. Auto insurance is mandatory in many states, and premiums are typically determined by the policyholder's age, driving history, and vehicle type.
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You are planning the marketing strategies for a new printer that weighs less than two pounds and can fit in a backpack or briefcase.
Identify one target market for the printer that is a business consumer.
Answers
A target market for the printer would be students in a school campus who would need printers for their homeworks.
What is a marketing strategy?This is a game plan that a business would develop that would enable it to reach its prospective consumers.
A printer that fits well in a back pack is movable. This would come in handy, when students need to print out works which they need to submit.
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Controlling is the process of assuring actual activities conform to planned activities. With an example, discuss five (5) importance of controlling.
Answers
Answer:
Controlling is the process of assuring actual activities conform to planned activities with five examples are discussed below in details.
Explanation:
Planning and controlling are intimately associated. Controlling is further pervasive than planning. Controlling benefits managers observe the effectiveness of their planning, formation, and managing activities. It not only assists in maintaining a record on the development of activities but also guarantees that activities adhere to the measures set in approach so that organizational aims are achieved.
If your income varies, you should
а. list the highest amount.
b. list the average amount.
С.list the lowest amount.
D. none of the above.
Answers
Answer:
b. list the average amount.
Explanation:
If your income varies, you should "list the average amount".
When a particular set of values vary, an average value is used. Average value is actually the estimated value which is found in two or more varying values. It gives an idea of what an expected value will be.
So, when income varies, the average amount is expected to be listed. This is done in order compensate even the lowest amount. So if two income varies, the average amount can be determined by adding the highest amount to the lowest amount, and dividing the outcome by 2.
Answer:
b. list the average amount.
Explanation:
1.) What are are the advantages and disadvantages of teams?
Discussion Question( Managing Teams)
Answers
A misconception is a misunderstanding.
O True
False
Answers
The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.
It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.
Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.
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Discuss why positive thinking is critical in starting the entrepreneurship journey
Answers
1. Motivation: Starting a business can be challenging, and there will be times when things don't go as planned. Positive thinking can help entrepreneurs stay motivated and focused on their goals, even when faced with obstacles.
2. Resilience: Entrepreneurship is a journey filled with ups and downs. Positive thinking helps entrepreneurs build resilience and bounce back from setbacks quickly. It enables them to focus on solutions rather than dwelling on the problems.
3. Creativity: Positive thinking encourages entrepreneurs to think creatively and come up with innovative solutions to problems. Positivity can help entrepreneurs see possibilities where others may only see challenges.
4. Confidence: A positive mindset can help entrepreneurs approach challenges with confidence, which can be critical when making important business decisions. It helps entrepreneurs believe in their abilities and their vision, which can be contagious and attract others to their business.
5. Networking: Positive thinking can also help entrepreneurs build strong relationships with others. People are naturally drawn to positive individuals, and this can help entrepreneurs build a strong network of supporters, mentors, and partners.
In summary, positive thinking is critical in the entrepreneurial journey because it helps entrepreneurs stay motivated, builds resilience, encourages creativity, boosts confidence, and enables entrepreneurs to build strong relationships with others.
Theo Chocolate has decided to purchase a fleet of climate controlled trucks which will allow them to distribute and deliver their products to grocery stores across the U.S. This is an example of:
Answers
The decision of the firm to purchase a fleet of climate controlled trucks for distribution of its product is an example of ·Differentiation strategy.
What is a Differentiation strategy?
A differentiation strategy is a strategy adopted that make the offered goods or services more unique compared to their competitors.
In conclusion, majority of firms use the differentiation strategy to the differentiate between their products and the competitors.
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What determines the share of a subsidy that benefits consumers?
A. If demand is relatively less elastic than supply, consumers will benefit more from the subsidy than producers.
B. If demand is relatively more elastic than supply, consumers will benefit more from the subsidy than producers.
C. It depends on the type of subsidy. Obviously, if it's a consumer subsidy, the consumer receives the entire benefit.
D. Subsidies are used to induce firms to produce more output and therefore are designed to benefit producers.
Answers
Option C. The cost of a tax and the advantages of a subsidy rely on how elastic supply and demand are. The tax burden is mostly placed on consumers if the absolute value of the ratio of supply to demand elasticity is low.
Consumers will gain more from the subsidy than producers if demand is less elastic than supply. A payment made to businesses or consumers with the intention of promoting an increase in output is called a subsidy. A subsidy will cause the supply curve to skew to the right, bringing down the market's equilibrium price. The purpose of the subsidy is to promote the production of the good, and it has the effect of moving the supply curve to the right (moving it vertically downward by the amount of the subsidy). A subsidy is a payment made to consumers. Consequently, the subsidy is beneficial to producers. In general, whether a subsidy is supplied directly to producers or consumers, consumers and producers participate in its benefits.
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Local government officials would like to know if city residents are generally satisfied with the cleanliness of local
streets and recreation areas. To estimate the level of satisfaction, city officials appear on a local television morning
show, where residents are invited to share their satisfaction through an online poll. Which of the following
statements best describes the potential results from this poll?
Answers
Answer:
D. This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
Explanation:
i took the quiz
This is a voluntary response sample and is likely to underestimate the proportion of residents satisfied with the cleanliness of the area.
What is survey ?A survey is a set of questions used in human subject research with the goal of gathering specific information from a certain population. Surveys can be carried out via the phone, by mail, online, at street corners, and even in shopping centers. Surveys are used to collect data or learn more in areas like demography and social research.
Survey research is frequently used to evaluate ideas, beliefs, and emotions. Surveys might have narrow, focused objectives or they can have broad, more general objectives. In addition to being utilized to satisfy the more practical requirements of the media, such as evaluating political candidates, public health officials, professional organizations, and advertising and marketing directors, surveys are frequently employed by psychologists and sociologists to evaluate behavior.
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what is a start up cost
Answers
Answer:
Explanation:
Startup costs are the expenses incurred during the process of creating a new business.
Pre-opening startup costs include a business plan, research expenses, borrowing costs, and expenses for technology.
Post-opening startup costs include advertising, promotion, and employee expenses.
Different types of business structures—like sole proprietorships, partnerships, and corporations—have different startup costs, so be aware of the different costs associated with your new business.
You have learned concepts: 1) Histogram, 2) Pareto Analysis, 3) Cause and Effect Diagram and 4) Control Impact Matrix from watching the video. Explain how you can apply concepts 1, 2, 3, and 4 by using a real-world example (it can be a problem that you have, had encountered, or make up a scenario.). Save your work in a pdf file. Click on the assignment link below to upload your work via attachment (zero points for non-pdf file). Assignment worth 20 pt. Due: by the posted deadline per course calendar.
Answers
An example of real-world cases where Histogram, Pareto Analysis and others mentioned tools in the question can be used is A Report from Microsoft which states that " that of 80% Crashes that occurs in Windows is due to the 0.4 part of the detected bugs in the whole system .
What are the usefulness of the tools like Histogram, Pareto Analysis?Pareto analysis serves as one that stand on the premised that to achieve the benefit worth 80% of a project, one would need to do at least the 20% of the work.
Histogram on the other hand is a graphing tool which is s tool like impact matrix and can be used to give the summary of a data.
Hence, with the above tools , some of real word problems can be analyzed.
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Which questions about risk should someone ask before making a big purchase? Check all that apply.
What problems are most likely to happern?
OWhat can be done to avoid liability
OWhat could go wrong?
OWhat problems could be most damaging?
OWhat option has no risk?
Answers
Answer:
A
Explanation:
If you need buy it, if it's a want not a need don't buy it
A grandfather wants to know the average height of all his grandchildren. He finds that the heights of his 9 grandchildren are given in inches by 67,68,71,67,76, 74, 77,70, 72 What is the population mean of the height of his grandchildren in inches? Round your answer to the nearest tenth of an inch and do not include units.
Answers
Answer:
71.3
Explanation:
to find the mean you have to add all of the heights together and then divide by nine, which is how many heights are given.
Briefly discuss any four factions of competition commission
Answers
Competition commissions play a crucial role in ensuring fair competition and preventing anti-competitive practices in markets. The four functions are Enforcement, Merger Control, Advocacy and Policy, Market Monitoring and Analysis.
Enforcement: One of the primary roles of a competition commission is to enforce competition laws and regulations. This involves investigating and taking action against anti-competitive behaviors, such as cartels, abuse of dominant market positions, and collusion. The commission has the authority to impose fines, penalties, and other remedies to deter anti-competitive practices and maintain a level playing field for businesses.
Merger Control: Competition commissions often oversee merger control, ensuring that mergers and acquisitions do not result in the creation of dominant market players that could harm competition. They assess the potential impact of mergers on market concentration, consumer welfare, and competitive dynamics. If a merger is deemed anti-competitive, the commission may require divestments or impose conditions to preserve competition.
Advocacy and Policy: Competition commissions engage in advocacy and policy initiatives to promote competition and improve market efficiency. They provide guidance and recommendations to governments, businesses, and consumers on competition-related issues. Commissions may also conduct studies and research to identify barriers to competition and propose policy reforms to enhance market competitiveness.
Market Monitoring and Analysis: Competition commissions monitor and analyze markets to identify potential anti-competitive behaviors or market failures. They may conduct market studies and gather data to assess competition levels, identify potential abuses, and propose interventions when necessary. This faction helps the commission proactively address emerging competition issues and promote competitive markets for the benefit of consumers.
These factions collectively contribute to the mission of competition commissions to safeguard competition, protect consumer interests, and foster innovation and efficiency in markets. By enforcing competition laws, regulating mergers, advocating for pro-competition policies, and monitoring markets, competition commissions play a crucial role in ensuring fair and vibrant market environments.
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1.Why is knowledge of consumer behavior important to the marketer?
Answers
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
If the equipment account has a balance of INR. 22,50,000 and the accumulated depreciation
account has a balance of INR. 14,00,000, the book value of the equipment is
Select one:
O a. 8,50,000
O b. 17,00,000
O c. 14,00,000
O d. 36,50,000
Answers
Answer:
a. 8,50,000
Explanation:
Account balance INR, 22, 50,000
Accumulated depreciation INR. 14,00,000
The book value is the difference between the account balance and the accumulated depreciation
= INR, 22,50,000 - INR. 14,00,000
=INR, 8,50,000
New Venture Management (1)
1. Explain the below the process of financial management.
*. Importance of Financial Statements - Preparation of historic Financial statements
*. Forecasts - Preparation of Forecasts
*. Budgets - Preparation of pro forma financial statement
*. Financial Ratios - Ongoing analysis of financial results
Answers
The process of financial management involves the preparation and analysis of historic financial statements, forecasts, budgets, and ongoing monitoring of financial ratios.
The process of financial management involves several key components that contribute to effective financial decision-making and the overall financial health of a business. Here is an explanation of each component:
Importance of Financial Statements - Preparation of Historic Financial Statements:
Financial statements, such as the income statement, balance sheet, and cash flow statement, provide a historical snapshot of a company's financial performance, position, and cash flows. These statements are crucial for assessing profitability, liquidity, solvency, and overall financial stability. By analyzing past financial statements, management can identify trends, evaluate the impact of previous decisions, and make informed decisions for the future.
Forecasts - Preparation of Forecasts:
Forecasts involve projecting future financial performance based on historical data, market trends, and other relevant factors. This process helps businesses anticipate potential opportunities, challenges, and financial needs. Forecasts typically include projected income statements, balance sheets, and cash flow statements, providing insights into expected revenue, expenses, assets, liabilities, and cash flows. It enables management to plan and allocate resources effectively, set financial goals, and make strategic decisions.
Budgets - Preparation of Pro Forma Financial Statements:
Budgets are financial plans that outline anticipated income, expenses, and cash flows for a specific period, typically on a monthly, quarterly, or annual basis. Pro forma financial statements, including pro forma income statements, balance sheets, and cash flow statements, are created as part of the budgeting process. Budgets help in setting targets, allocating resources, and monitoring performance against the planned financial objectives. They serve as a roadmap for financial management and aid in identifying areas that require adjustment or improvement.
Financial Ratios - Ongoing Analysis of Financial Results:
Financial ratios are quantitative indicators that provide insights into a company's financial performance, efficiency, and profitability. Ratios compare different financial figures from the financial statements to assess liquidity, profitability, solvency, efficiency, and other key aspects. By monitoring and analyzing financial ratios on an ongoing basis, management can identify trends, compare performance against industry benchmarks, and make informed decisions to optimize financial performance. These components contribute to understanding a company's financial position, making informed decisions, and driving sustainable growth and profitability.
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Accounting is used to communicate financial information to both internal audiences and external audiences. Internal users are:
a. Only people within a business's accounting and finance departments
b. People within the business like production managers
c. Suppliers that provide goods
d. Contractors that perform work for the business.
Answers
Accounting can be regarded as a term used in communicating financial information across to internal audiences as well as external audiences.
These Internal users are been regarded as people within the business, such as production manager.
These information help in making the financial aspect of the company to succeed.
Therefore, option B is correct.
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The performance plan will include a section that identifies all of the following EXCEPT
Answers
Answer:
where are the choices please so I can help you
One of the major challenges facing companies today is to keep the customers they already have since there are fewer customers to go around. Changing demographics, sophisticated competitors, and overcapacity in many industries are some of the reasons for this. As a result:_________
a. the costs of maintaining existing customers are declining.
b. the costs of attracting new customers are declining.
c. the cost of giving incentives to existing customers all the time is low.
d. the costs of attracting new customers are rising.
Answers
Answer: d. the costs of attracting new customers are rising.
Explanation:
Due to the fact that companies always want to keep their old customers and ensure customer loyalty, they try as much as possible to satisfy them and meet their needs.
Due to this reason, the cost of attracting new customers are high. Companies go through a lot of processes to get new customers such as promotion, advertisement to attract new customers etc. The cost involved are typically high.
One of the aftereffects of keeping the customers which companies already have is:
D. The costs of attracting new customers are rising.According to the given question, we are asked to show the aftereffects of keeping the customers which companies already have and the effects of changing demographics, sophisticated competitors, and overcapacity.
As a result of this, we can see that these companies try their best to keep their customers and this would lead to more ads, promotion, marketing, branding, etc which would increase the costs of attracting new customers
Therefore, the correct answer is option D
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MBSC has noticed several new trends in strength and
conditioning. Often, MSBC has implemented the trend
before clients even have a chance to ask about it. This
demonstrates which advantage of small business?
Oa. Ability to adapt to change
Ob. Independence
Oc. Simplified record keeping
Od. Personal relationships with customers and employees
Answers
Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.
MSBC has implemented the trend before clients even have a chance to ask about it. This demonstrates Ability to adapt to change.
Why is sole proprietorship the easiest business?Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve. As a result, these types of businesses are extremely popular among sole proprietors, individual self-contractors, and consultants.The legal control over a business is referred to as business ownership. It gives the owner the legal authority to direct business operations and transactions. There are six major business ownership structures, which are as follows: Single-person businesses. Partnerships.Risk and reward - A sole proprietor has complete control over their company's profits and losses. Control - A sole proprietorship's rights and responsibilities are solely with its owner. Without prior permission, no one else may interfere with a sole proprietor's business activities.To learn more about : proprietorship
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Spam unveils a new flavor, barbeque, which has students intrigued. The students transition from buying ham to Spam. In the market for Spam, the (supply/demand) curve changes.
Answers
Branch Company, a building materials supplier, has $18,400,000 of notes payable due April 12, 2022. At December 31, 2021, Branch signed an agreement with First Bank to borrow up to $18,400,000 to refinance the notes on a long-term basis. The agreement specified that borrowings would not exceed 70% of the value of the collateral that Branch provided. At the date of issue of the December 31, 2021, financial statements, the value of Branch's collateral was $19,600,000. On its December 31, 2021, balance sheet, Branch should classify the notes as follows:
a. $18,400,000 of long-term liabilities.
b. $18,400,000 of current liabilities.
c. $3,680,000 long-term and $14,720,000 current liabilities.
d. $15,680,000 long-term and $2,720,000 current liabilities.
Answers
Answer:
The answer is "Choice d"
Explanation:
Please find the complete question in the attached file.
Follows are the calculation to this question:
The notes on payable= \(\$18,400,000\)
Calculating the Refinancing ability:
\(=\$ 19,600,000 \times 80\% \\\\ = \$ 19,600,000 \times \frac{80}{100} \\\\ = \$ 196,000 \times 80 \\\\ =\$15,680,000\)
The current liability= \(\$2,720,000\)
What is TRUE about credit unions?
OA. They are not insured by the government.
OB.
OO
C.
D.
They do not have any govemment regulations.
They only offer savings accounts.
They are owned by members.
Answers
The true about credit unions is they are owned by members. Credit unions are non profit organizations. The correct option (D).
What do you mean by the credit unions?A particular kind of financial cooperative that offers conventional banking services is a credit union.
Credit unions can be established by major firms, organizations, and other entities for their employees and members. They can range in size from small, volunteer-only operations to large organisations with thousands of participants across the country.
The fact that credit unions have significantly fewer physical facilities than the majority of banks can be a disadvantage for customers who prefer in-person assistance.
The earnings of credit unions are not subject to corporate income tax.
Therefore, the true about credit unions is they are owned by members. Credit unions are non profit organizations.
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A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?
Answers
The broker will treat real estate as deposits as liquidated damages.
What is demand?Demand is the consumer's intention to buy a specific product or service.
The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.
Thus, the buyer demand for money has void.
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Calculate costs of goods sold for Day Company
Answers
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
What is the cost of goods sold?The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
Data and Calculations:Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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To replenish the petty cash fund, the journal entry would include Answers: (A) Debit petty cash and credit Cash (B) Debit postage and credit cash (C) Credit petty cash and debit Cash (D) Credit cash and debit postage
Answers
To replenish the petty cash fund, the journal entry would include: (A) Debit petty cash and credit Cash.
How to prepare the journal entry to replenish the petty cash fund?A petty cash fund is often created with a certain amount of money in which this money are often used to meet an organization daily expenditure . This amount is often replenished at the end of the period.
The appropriate journal entry to o replenish the petty cash fund is:
Debit Petty cash
Credit Cash
(To replenish the petty cash fund)
Therefore the correct option is A.
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To replenish a Petty cash fund, the journal entry would include a debit petty cash fund and a credit cash. When a petty cash cashier credit petty cash fund, they must create a journal entry and the entry must show an increase in Petty Cash account and a decrease in Cash account, to a debit Petty Cash account and a credit Cash account.
What is a Petty Cash Fund?petty cash fund, is a small amount of money that a business owner set aside or keeps on hand to pay for smaller business expenses out of the business profit. These small amounts of cash or money can pay for little expenses like light refreshment during meetings or postage stamps ,inks, pens, etc. Petty cash is an alternative to conveniently checks for smaller transactions.
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