The collection of private, commercially oriented organizations, ranging in size from sole proprietorships to large corporations, is referred to as the business sector or the private sector. It is an essential component of the overall economy and plays a vital role in generating economic growth, creating jobs, and providing goods and services to meet consumer needs and wants.
The private sector encompasses a wide range of businesses across various industries, including manufacturing, retail, finance, technology, healthcare, and many others. These organizations operate with the primary objective of earning profits and maximizing shareholder value. They are driven by market forces and competition, seeking to meet customer demands and achieve financial success.
Within the private sector, businesses can take different legal forms such as sole proprietorships, partnerships, limited liability companies (LLCs), or corporations. Each legal structure has its advantages and considerations in terms of liability, taxation, and governance.
Private sector organizations are typically driven by entrepreneurship and innovation. They take risks, invest in research and development, and strive to bring new products, services, and solutions to the market. They contribute to economic growth by creating employment opportunities, generating tax revenues, and fostering technological advancements.
The private sector operates within a framework of laws and regulations set by the government to ensure fair competition, consumer protection, and societal well-being. It is subject to market dynamics, supply and demand forces, and economic conditions that influence business decisions, investment strategies, and profitability.
In summary, the collection of private, commercially oriented organizations, ranging from small businesses to large corporations, is referred to as the private sector or the business sector. It forms a critical part of the economy, driving innovation, job creation, and economic development. These organizations operate with the aim of earning profits and delivering goods and services that meet consumer demands in a competitive market environment.
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In a perfectly competitive market, if the market price is $4, how many units will they sell if they charge $4?How many will they sell if they charge over $4? Will they make more profit if they lower their price? Why or why not?
Answer:
In a perfectly competitive market, if the market price for a single unit is $4, then the number of units sold would be 32.
Explanation:
A perfectly competitive market is defined as a market where there are no monopolies - something extremely rare in the real world. However, it is a good example to explain the rules and workings of supply and demand in the market. There are multiple sellers and purchasers in a perfectly competitive market. Sellers earn just enough profit to keep their place in the market. Any more and they would lose their foothold in the marketplace to another company.
If the sellers are capable of producing more, then they can sell more, thus increasing their output. In any case, the economic output would be zero because the price is tangent to the low point on the average total cost curve. The seller has no control over market price because the price is set at equilibrium.
what happens to the APR after 10 months
Answer: Once your 0% introductory APR period is over, you'll be charged a new interest rate and may even owe interest on any unpaid balance from before.
Explanation:
i think that's what you mean
Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.
C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.
Answer:
2, 3, 5
Explanation: your welcome, love.
Every Business, Management, and Administration work employee are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options
Who is Management and Administration worker ?An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.
Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.
Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.
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Why is it important for cashiers and clerks to enjoy dealing with people?
-because they must handle large sums of money
-because they may only be working part-time
-because they are responsible for customer satisfaction
-because they need to get on-the-job training
Answer:
C. -Because They are responsible for customer satisfaction
Explanation:
Every Cashier is responsible for making sure that the customer Gets what he or she needs. and ever customer should be treated fairly. Every Customer should be happy when Getting Served.
R. E. Lee recently took his company public through an initial public offering. He is expanding the business quickly to take advantage of an otherwise unexploited market. Growth for his company is expected to be 40 percent for the first three years and then he expects it to slow down to a constant 15 percent. The most recent dividend was $0.75. Based on the most recent returns, the beta for his company is approximately 1.5. The risk-free rate is 8 percent and the market risk premium is 6 percent. What is the current price of Lee's stock
Answer: $77.13
Explanation:
Based on the information given in the question, the current price of Lee's stock will be calculated thus:
First, the required rate of return will be:
= 8% + (1.5 × 6%) = 8% + 9% = 17%
Year 1:
Cash flow: 1.05
Present value: 0.90
Year 2:
Cash flow: 1.47
Present value: 1.07
Year 3:
Cash flow: 2.06
Present value: 1.28
Year 4:
Cash flow: 118.34
Present value: 73.88
The current price of Lee's stock will be:
= 0.90 + 1.07 + 1.28 + 73.88
= 77.13
The current price of Lee's stock is $77.13.
Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
Which of the following statements is true of market-oriented firms? Question 25 options: They focus on their internal capabilities rather than on the desires and needs of the customers. They believe that people will buy more goods and services if aggressive sales techniques are used and that high sales result in high profits. They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product. They claim that people must give up something in order to receive something else they would rather have.
Answer:
They assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.
The true statement about market-oriented firms is that they assume that the sale of goods or services does not depend on an aggressive sales force but rather on a customer’s decision to purchase that product.
This ultimately implies that, a market-oriented firm is more focused on identification and understanding the needs of the customers, opportunities that abound in the industry or market and thus putting the customers first.
Four dissimilarities between the taxi industry and shisanyama
The taxi industry and shisanyama are two very different industries. Here are four dissimilarities between the two:
1. Nature of Business: The taxi industry is a transportation business while shisanyama is a food business. Taxis are responsible for transporting passengers from one place to another while shisanyamas are responsible for preparing and serving food to customers.
2. Regulation: The taxi industry is heavily regulated by government authorities while shisanyamas are not. Taxis require permits and licenses to operate while shisanyamas only need to meet basic health and safety requirements.
3. Business Hours: Taxis operate 24/7 while shisanyamas generally operate during business hours or on weekends. Taxis are expected to be available for hire at all times while shisanyamas are open during specific hours.
4. Business Model: The taxi industry operates on a "pay as you go" model while shisanyamas operate on a "pay before you eat" model. Taxis charge passengers per kilometer traveled while shisanyamas charge customers for the food they order before it is served.
In conclusion, the taxi industry and shisanyama are two dissimilar industries with different business models, regulations, and hours of operation. While taxis are regulated by government authorities, shisanyamas operate in a more flexible and independent manner.
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Many firms are tending to enter into longer-term relationships with vendors to supply their needs for perhaps the entire year. This changes the how many to order to how many to.
Answer:
deliver
Explanation:
you mean to continue to sentence i assume so "this changes the how many to order to how many to deliver"
Many firms are tending to enter into longer-term relationships with vendors to supply their needs for perhaps the entire year. They choose to deliver the order to the end consumer.
What is Inventory Operations Management?The stock of any resource or item used by an organization is referred to as its inventory. An inventory management system is a collection of rules and regulations used to keep track of inventory levels. In manufacturing and stock-keeping services, inventory analysis is mostly used to determine (a) "when to order things" and (b) "how much of an order to place". The straightforward "when" and "how many" inquiries have undergone recent changes.
Many businesses are choosing to establish longer-term agreements with vendors to meet their needs for maybe the full year, as we saw in a previous chapter on supply chain management. The "when" and "how many to order" become the "when" and "how many to deliver" as a result.
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Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices
Crowdfunding
Private foundations
Service Learning
Community Service
zilo co. has accrued employee salary expense of $1,000 which includes employee withholdings that total $300. on payday, zilo will record the payment with which of the following entries? (check all that apply.) multiple select question. credit to cash for $1,000. debit to salaries expense for $1,000. debit to salaries payable for $700. credit to cash for $1,300. credit to cash for $700.
These are the correct entries for Zilo Co.'s accrued employee salary expense and payment on payday will be credit to cash for $700.
What are payday entries?On payday, Zilo Co. will record the payment with the following entries:
1. Debit to Salaries Expense for $1,000: This entry recognizes the total salary expense incurred by the company.
2. Debit to Salaries Payable for $700: This entry reduces the accrued salaries payable by the net payment amount ($1,000 - $300 withholdings).
3. Credit to Cash for $700: This entry reflects the actual cash payment made to the employees, which is the net salary amount after deducting the $300 in withholdings.
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which of the following is not a benefit of a code of ethics? it helps identify what the firm recognizes as acceptable business practices. it helps employees avoid confusion about whether their decisions are ethical. it can be an effective external control of behavior. it can be an effective internal control of behavior.
The following is not a benefit of a code of ethics: it can be an effective external control of behavior. Option C is correct answer.
A code of ethics is a company's set of standards for the ethical conduct of its employees. It specifies the company's expectations for ethical behavior, as well as how employees should handle difficult ethical situations. A code of ethics is an internal document that is used to guide decision-making, enforce ethical behavior, and maintain the company's reputation.Benefits of a code of ethics are:It helps identify what the firm recognizes as acceptable business practicesIt helps employees avoid confusion about whether their decisions are ethicalIt can be an effective internal control of behaviorIt is important to remember that a code of ethics is an internal control of behavior, not an external one. This implies that a code of ethics is designed to guide internal behavior rather than external behavior. As a result, the statement that it can be an effective external control of behavior is not a benefit of a code of ethics.
Option c is correct answer
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Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was formed by countries that conduct the majority of international trade.
The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.
Who formed the World Trade Organization?The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.
The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.
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The Federal Reserve purchases large amounts of treasury securities in order
to:
A. slow down a period of rapid economic growth.
B. enforce regulations on its member banks.
C. increase the available money supply.
D. stop banks from lending too much money.
SUBMI
Answer: C. increase the available money supply
Explanation:
The supply of money is the total amount of money that a particular economy has at a particular point in time.
The Federal Reserve purchasing large amounts of treasury securities is an expansionary policy which means that it's a policy that is used to increase the money that's available in the economy.
When the government buys securities, it leads to more money on circulation. Likewise, if the federal government wants to reduce money supply, it sells securities to the people.
Therefore, the correct option is C.
C. increase the available money supply
Explanation:
The supply of money is the total amount of money that a particular economy has at a particular point in time.
Large investors known as __________________________ are organizations such as pension funds, mutual funds, insurance companies, and banks that invest their own funds or the funds of others
Institutional investors are large investors who invest their own money as well as other people's money. Examples of these institutions include pension funds, mutual funds, insurance companies, and banks.
What do you mean by institutional investors?A business or organization that makes investments on behalf of customers or members is known as an institutional investor. Examples of institutional investors include endowments, mutual funds, and hedge funds. Institutional investors are frequently under less regulatory scrutiny and are thought to be savvier than the common investor.
Institutional investors come in a variety of forms, including banks.
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In what way does comparing a country’s exports to GDP reflect its degree of globalization? What are the shortfalls of this measure?
Comparing a country's exports to its GDP can reflect its degree of globalization. When a country has a high ratio of exports to GDP, it indicates that it is heavily dependent on international trade and has a more globalized economy.
This suggests that the country is actively engaged in cross-border economic activities, such as exporting goods and services to other countries. However, there are some shortfalls to using this measure alone. Firstly, it doesn't capture the complexity of a country's global connections beyond exports. Factors such as foreign direct investment, international capital flows, and the presence of multinational corporations also contribute to a country's degree of globalization.
Secondly, it doesn't consider the value-added in the export process, meaning that a country with a high volume of exports may still have a relatively low degree of globalization if it primarily exports raw materials or low-value products.
In summary, while comparing exports to GDP can provide insights into a country's degree of globalization.
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explain the role that chartered european monopoly companies (such as the british east india company) in facilitating the global circulation of goods.
The new global circulation of goods was facilitated by royal chartered European monopoly companies that took silver from Spanish colonies in the Americas to purchase Asian goods for the Atlantic markets.
Monopoly offers an advantage over others: a long, wonderful, and aggressive recreation. Monopoly is one of the most popular board games in the global. Its gadget of hire, buildings, mortgages, and auctions reflects the capitalist financial system.
A monopoly is described as an unmarried seller or producer that excludes competition from providing an identical product. A monopoly can dictate fee adjustments and creates limitations for competitors to go into the market.
Monopoly is a traditional, easy-to-play board sport that can be enjoyed through to 8 players. keep away from going bankrupt, and emerge as the wealthiest participant gambling to win this recreation.
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im bord so how are u to day say any thing u whant be free
Future value with periodic rates Man Johnsos delivers newspapers and is puting away $30 at the end of each quarter from his paper route collections Matt is 11 years old and will use the money when the goes to colege in 7 years. What will be the value of Mat's account in 7 years with his quarterly payments if he is eaning 6.5% (APR), 10.5% (APR) or 13% (APRI). What will be the value of Matrs account in 7 years with his quarterly payments if he is eaming 6.5% (APRY)?
The value of Matt's account in 7 years with quarterly payments will be $327.83 at a 6.5% APR, $386.82 at a 10.5% APR, and $416.29 at a 13% APR.
To calculate the future value of Matt's account with quarterly payments, we can use the formula for the future value of an ordinary annuity:
Future Value = P * [(1 + r/n)^(n*t) - 1] / (r/n)
P = Payment amount per period
r = Annual interest rate (in decimal form)
n = Number of compounding periods per year
t = Number of years
Given that Matt makes quarterly payments of $30, we can substitute the values into the formula:
For 6.5% APR:
P = $30
r = 6.5% = 0.065 (APR)
n = 4 (quarterly compounding)
t = 7 years
Future Value = $30 * [(1 + 0.065/4)^(4*7) - 1] / (0.065/4)
Future Value = $327.83
For 10.5% APR:
P = $30
r = 10.5% = 0.105 (APR)
n = 4 (quarterly compounding)
t = 7 years
Future Value = $30 * [(1 + 0.105/4)^(4*7) - 1] / (0.105/4)
Future Value = $386.82
For 13% APR:
P = $30
r = 13% = 0.13 (APR)
n = 4 (quarterly compounding)
t = 7 years
Future Value = $30 * [(1 + 0.13/4)^(4*7) - 1] / (0.13/4)
Future Value = $416.29
Therefore, the value of Matt's account in 7 years with quarterly payments will be $327.83 at a 6.5% APR, $386.82 at a 10.5% APR, and $416.29 at a 13% APR.
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Write
one source from which the government of Bhutan
borrow to fill the gap between planned expenditure and the
estimated revenue?
Answer:
External borrowing from India
Explanation:
The Government of Bhutan has planned to spend more than it collects from various revenue streams. Taxes form the biggest source of revenue for any government. The gap between a country's planned expenditure and the estimated revenue is the fiscal deficit.
The government of Bhutan finances its budget deficits through external borrowing. India is Bhutan's biggest trading partner and financier.
A broker has 15 sales agents in her firm. Sales agent 1 procures an exclusive right to sell listing agreement from a seller. What is the agency relationship of the parties? group of answer choices
A broker has 15 sales agents in her firm. Sales agent #1 procures an exclusive right-to-sell listing agreement from a seller. The gency relationship here is b. broker is agent of seller;
For a commission when the sale is completed, a broker sets up transactions between buyers and sellers. A broker who also performs the roles of buyer or seller enters the transaction as the major party. Neither function should be mistaken with one that represents the main party in a transaction. There are 15 sales representatives working for a broker. An exclusive right to sell listing agreement is obtained from a seller by sales agent 1.
Broker is acting as seller's agent under the parties' agency agreement. In the given case, seller is broker's principal/client; sales agent 1 is an agent to the broker and is an agent for the seller through the broker; 14 other sales agents are agents for the broker and are also agents for the seller through the broker.
Complete Question:
A broker has 15 sales agents in her firm. Sales agent #1 procures an exclusive right to sell listing agreement from a seller. The agency relationship of the parties is
a. Broker is the only agent of the seller; seller is the principal/client of the Broker; All 15 sales agents are agents for the broker only and have no agency relationship to the seller.
b. broker is agent of seller; seller is principal/client of broker; sales agent #1 is agent to broker and by way of broker is agent for seller; the other 14 sales agents are agents for broker, and by way of broker, are also agents for seller.
c. sales agent #1 is the only agent of the seller; the other 14 sales agents have no agency relationship with the seller; the broker will conduct himself as an advisor to sales agent #1 only; seller is principal/client of sales agent #1 only.
d. broker and sales agent #1 are both the direct agents for the seller; seller is the principal/client of both the broker and sales agent #1; the other 14 sales agents have no relationship with the seller, but are agents for the broker/principal.
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Economics: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?
Answer:
People kill elephants not because they are evil and want to hurt them just for the sake of hurting them, they do it in order to make a profit. If the government can offer these people the opportunity to make money through tourism, they that should prevent them from killing the elephants and other wildlife. You have to remember that these people are extremely poor and their income earning alternatives are very scarce and limited.
The first option will work only if the government spends enough money hiring guards that keep the park safe for the animals. But even then, some animals will still be hunted. You must also remember that not only the people of these places are poor, the governments are extremely poor also.
On the other hand, the second option should work better because the villagers will have an incentive to keep the animals safe and not hunt them themselves. The villagers will also help to prevent other people from killing the animals since they earn money through tourism and tourists go there to see the animals.
how to file income tax return online for salaried employee
The process may vary depending on your country's tax laws and the specific online filing portal used. It's advisable to consult the official resources provided by your country's tax authority or seek assistance from a tax professional for precise guidance tailored to your situation.
Filing income tax return online for a salaried employee typically involves the following steps:
1. Gather the necessary documents: Before you start the online filing process, collect all the required documents, such as your Form 16 (provided by your employer), Form 26AS (shows tax deducted at source), details of your bank accounts, investment statements, and any other relevant documents related to your income and deductions.
2. Register on the income tax e-filing website: Visit the official website of the income tax department in your country (e.g., IRS website in the United States, or the official income tax e-filing website in your country). Create a new account if you haven't already done so. Fill in the required details and register as an individual taxpayer.
3. Choose the appropriate ITR form: Select the appropriate Income Tax Return (ITR) form for salaried individuals. In many countries, the ITR-1 form is applicable for salaried employees with income from salary, one house property, and other sources like interest income. However, the specific form may vary based on the tax laws of your country.
4. Fill in the details: Enter all the necessary details in the ITR form, including your personal information, income details, deductions, and taxes paid. You can either manually enter the information or import it from pre-filled XML files, if available.
5. Verify the information: Review all the entered details to ensure accuracy. Make sure you have included all your income sources and claimed appropriate deductions.
6. Calculate the tax payable or refundable: The online system may automatically calculate your tax liability or refund based on the information provided. Verify the calculations and make any necessary adjustments.
7. File the return: Once you are satisfied with the entered details and calculations, submit the return electronically through the e-filing portal. The website will generate an acknowledgment number upon successful filing. Save this number for future reference.
8. Verify your return: Some countries require you to verify your filed return to complete the filing process. This can be done electronically using methods such as Aadhaar OTP (One-Time Password), EVC (Electronic Verification Code), or by sending a physical signed copy of the ITR-V form to the income tax department.
9. Keep a record: Save a copy of the filed return, acknowledgment number, and any other relevant documents for your records. It's good practice to maintain a backup of all the documents in electronic or physical form.
10. Follow up on refunds or further communication: After filing your return, keep an eye on any notifications or correspondence from the tax department. If you are eligible for a refund, ensure you provide accurate bank account details for a smooth refund process.
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which of the following investment ratios is the acquisition price divided by the effective gross income?
The investment ratio that involves dividing the acquisition price by the effective gross income is called the "gross rent multiplier". This ratio is calculated by dividing the property's purchase price by its annual gross rental income. In other words, it is a measure of how many years it would take for the property's rental income to pay back the purchase price. This ratio is typically used by real estate investors as a quick way to assess the potential profitability of a property. I hope this answer helps and meets the criteria of a three-paragraph response.
In simple terms, the GRM measures how many years it would take for the property's effective gross income to equal its purchase price, assuming no changes in income or expenses. A lower GRM generally indicates a more favorable investment, as it implies a quicker return on investment.
To summarize, the Gross Rent Multiplier (GRM) is the investment ratio that involves dividing the acquisition price by the effective gross income. It is a valuable tool for evaluating the profitability and attractiveness of different investment properties.
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PLS HELP ME I NEED THIS DONE TODAY!!! What does the audience focus on when an entire photograph is in focus? OA. OB. O c. O D. They focus only on the subject of the image. They review the entire image. They mainly focus on the foreground. They mainly focus on the background.
The answer is C. They mainly focus on the foreground in photograph.
When an entire is in focus, the audience's focus is not solely limited to the subject of the image. Instead, they tend to review the entire image, taking in all the details and elements present. While the subject may still attract initial attention, viewers often explore the composition as a whole.Photographs that are in sharp focus throughout offer a balanced visual experience, allowing viewers to engage with the foreground, middle ground, and background equally. This encourages them to examine various elements and relationships within the frame. To improve decision making and creativity in teams, several strategies can be employed. First, fostering open and inclusive communication is essential. Encouraging team members to freely express their ideas, opinions, and concerns creates a collaborative environment where diverse perspectives can be considered.Secondly, establishing a clear decision-making process can streamline the team's efforts. Defining roles and responsibilities, setting goals and objectives, and outlining the steps to reach a decision can enhance efficiency and effectiveness.Encouraging creative thinking and innovation is also crucial. Providing space for brainstorming sessions, idea generation, and exploration of different possibilities allows team members to think outside the box and come up with unique solutions.
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if we know the actual cost of a wbs component, what other value do we need to know in order to calculate the cost performance index (cpi)?
The other values that we need to know in order to calculate the cost performance index (cpi) is the Earned value or EV.
What is earned value ?In addition to knowing the actual cost (AC) of a Work Breakdown Structure (WBS) component, the other value required to calculate the Cost Performance Index (CPI) is the Earned Value (EV).
The Earned Value represents the value of the work that has been completed and earned according to the planned schedule. It is typically measured in terms of cost or effort. By comparing the actual cost (AC) of the component with the earned value (EV), the CPI can be calculated.
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The government has the most influence over the production of goods and services in which economic system
Answer:
It’s command my good sir
Explanation:
Apex told me so
Answer:
Command
Explanation:
Apx
ABC Company sold goods to XYZ traders on May 1, 2019. ABC company agreed to accept a Kshs.1,400,000 for 6 month, 12% note in payment for the goods. Interest is payable at maturity. Required: Prepare journal entries to record the above transactions
Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.
There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.
A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.
Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.
Explanation:
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 57,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 9.00 Overhead 10.00 Total costs per unit $ 24.00 Direct materials and direct labor are 100% variable. Overhead is 80% fixed. An outside supplier has offered to supply the 57,000 units of RX5 for $20.00 per unit. Required: 1. Calculate the incremental costs of making and buying component RX5.
Answer
Making the product 922,000
Buying the product 1,140,000
Explanation:
Total Incremental Costs of:
Making the Units Buying the Units
Direct Material295,000 (5*57000)
Direct Labor 513,000
(9*57000)
Overhead 114,000
(10-(10*80%)*57000
Purchase Price 1,140,000 (20*57000)
Total Costs 922,000 1,140,000
Answer:
To Make Incremantal Costs = $ 912,000
To Buy Incremental Costs = $ 1,140,000
Explanation:
incremental costs of making and buying component RX5
To Make Incremantal Costs
Direct materials $ 5.00 × 57,000 units 285,000
Direct labor $9.00 × 57,000 units 513,000
Overhead $10.00 × 20% × 57,000 units 114,000
Totals 912,000
To Buy Incremental Costs
Purchase Price $20.00 × 57,000 units 1,140,000
Totals 1,140,000
Note : Fixed Overheads have been excluded as they are incurred whether or not the Haver Company makes or buys the component RX5. Thus not incremental.
Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition
The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.
Which components make up strategic management?Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.
What are the five components of strategy?These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.
What are the fundamental four components of strategy?Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.
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