Among the options provided, the condition that does not tend to heat up price competition is (d) there are many sellers in the market. When there are many sellers in the market, it can create a more competitive environment, but it does not necessarily lead to intense price competition. In fact, having many sellers can often lead to differentiation strategies, where firms compete based on factors other than price, such as product quality, features, customer service, or branding.
On the other hand, options (a), (b), and (c) tend to heat up price competition:
(a) Prices and terms of sales are observable: When prices and sales terms are easily observable by buyers, it increases transparency in the market. This transparency makes it easier for buyers to compare prices and choose the most competitive offer, which intensifies price competition.
(b) The industry is stagnant or declining: In industries experiencing stagnant or declining demand, firms often compete fiercely for a shrinking customer base. Price reductions or aggressive pricing strategies become more common as firms strive to maintain or gain market share.
(c) Some firms have excess capacity: When firms have excess production capacity, they may lower prices to attract more customers and utilize their idle capacity effectively. This can lead to increased price competition as firms try to fill their excess capacity by offering lower prices.
Overall, while having many sellers in the market can contribute to a competitive environment, it doesn't necessarily result in intense price competition as other factors like product differentiation and non-price competition may also come into play.
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There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
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Note: Attempt any ONE question.
(1 x 20 = 20)
Q3. From the following particulars prepare a Treble Column Cash Book of Ahsan Trading Co.:
2013
May 01: Cash in hand Rs. 42,500 and at bank Rs. 50,000.
May 03: Purchased goods for cash Rs. 8,000.
May 06: Deposited into bank Rs. 6,500
May 07: Sold goods for cash Rs. 17,000 and amount is deposited into bank.
May 08: Sold goods to Farhan on credit Rs. 10,000.
May 10: Received from Farhan a cheque for Rs. 9,800 in full settlement of his account.
May 12: Paid Farhan's cheque into bank.
May 15: Paid salaries Rs. 5,000 by cheque.
May 18: Paid by cheque to Azhar Rs. 4,900 and discount received Rs. 100.
May 21: Withdrew cash Rs. 4,500 for personal use.
May 24: Goods sold to Kamran for cash Rs. 15,000.
May 26: Paid advertising expenses Rs. 900.
Answer:
WHats the question. Please let me know as soon as possible
Explanation:
Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answer:
Option B !!!!! :))
Explanation:
On January 1, 2020, Vaughn Technical Inc. issues a 5-year, 5% fixed-rate interest only, nonprepayable $4,500,000 note with interest payable on June 30 and December 31 of each year. Vaughn decides to change the interest rate from a fixed rate to variable rate and enters into a swap agreement with Last Bank Financial. The swap agreement specifies that Vaughn will receive a fixed rate at 5% and pay variable with settlement dates that match the interest payments on the debt. Assume that interest rates have increased during 2020 and that Vaughn paid $38,500 as an adjustment to interest expense for the settlement at June 30, 2020. The gain related to the debt (due to interest rate changes) was $112,000. The value of the obligation under the swap contract increased $112,000.
(a) Prepare the journal entry to record the payment of interest expense on June 30, 2020.
(b) Prepare the journal entry to record the receipt of the swap settlement on June 30, 2020.
(c) Prepare the journal entry to record the change in the fair value of the swap contract on June 30, 2020.
(d) Prepare the journal entry to record the change in the fair value of the debt on June 30, 202
(a) The journal entry to record the payment of interest expense on June 30, 2020, would be:
Interest Expense $38,500
Cash $38,500
This entry records the outflow of cash for the interest expense incurred on the debt.
(b) The journal entry to record the receipt of the swap settlement on June 30, 2020, would be:
Cash $38,500
Gain on Swap $38,500
This entry reflects the receipt of the settlement payment from the swap agreement. The gain on the swap is recognized as income.
(c) The journal entry to record the change in the fair value of the swap contract on June 30, 2020, would be:
Swap Liability $112,000
Gain on Swap $112,000
This entry recognizes the increase in the fair value of the swap contract as a liability. The gain on the swap is recorded as income.
(d) The journal entry to record the change in the fair value of the debt on June 30, 2020, would be:
Gain on Debt $112,000
Debt $112,000
This entry reflects the gain related to the debt due to interest rate changes. The gain is recognized as income, and the debt is adjusted accordingly.
These journal entries capture the financial impact of the interest expense payment, swap settlement, changes in the fair value of the swap contract, and changes in the fair value of the debt on June 30, 2020. The specific amounts and accounts may vary based on the exact details of the transactions and the company's accounting policies. It is recommended to consult with an accounting professional for precise guidance tailored to the company's circumstances.
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List 5 motives for the construction of various media.
Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Culver Windows Inc. is in the process of setting a target price on its newly designed tinted window. Cost data relating to the windowat a budgeted volume of 4,640 units are as follows. Culver Windows uses cost-plus pricing methods that are designed to provide the company with a 25% ROI on its tinted window line. A total of $1,178,560 in assets is committed to production of the new tinted window, (a) Compute the markup percentage under absorption-cost pricing that will allow Culver Windows to realize its desired ROI. Markup Percentage
The markup percentage under absorption-cost pricing that will allow Culver Windows to realize its desired ROI is approximately 25%.
To compute the markup percentage under absorption-cost pricing that will allow Culver Windows to achieve its desired ROI, we need to calculate the total cost per unit and then determine the markup amount.
First, we need to calculate the total cost per unit. Given that the budgeted volume is 4,640 units, and the committed assets for production are $1,178,560, we can divide the committed assets by the budgeted volume to find the cost per unit:
Cost per unit = Committed assets / Budgeted volume
Cost per unit = $1,178,560 / 4,640 = $254.31 (rounded to the nearest cent)
Next, we need to determine the markup amount. Culver Windows aims for a 25% ROI, which means the desired profit is 25% of the cost per unit:
Desired profit = Markup percentage * Cost per unit
0.25 * $254.31 = $63.58 (rounded to the nearest cent)
Therefore, the markup amount is $63.58 per unit.
Finally, we can calculate the markup percentage by dividing the markup amount by the cost per unit and multiplying by 100:
Markup percentage = (Markup amount / Cost per unit) * 100
Markup percentage = ($63.58 / $254.31) * 100 ≈ 25%
Hence, the markup percentage under absorption-cost pricing that will allow Culver Windows to realize its desired ROI is approximately 25%.
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The term careeris usually applied to a:• A. position that allows for professional growth and advancem
• B. workweek that consists of 15 to 25 hours.
• C. series of jobs with little relevance to one another.
O D. job that pays hourly wages.
The term career is usually applied to a position that allows for professional growth and advancement. Option A
This implies that a career is not just a job, but rather a long-term commitment to a certain field or industry. A career is characterized by continuous learning, development of skills and expertise, and the pursuit of opportunities for promotion and increased responsibility.
A career is different from a job that pays hourly wages, which is often seen as a means to an end rather than a long-term commitment. A job that pays hourly wages is typically associated with low-skilled work and little opportunity for advancement. On the other hand, a career is often associated with higher-skilled work and greater potential for advancement.
In summary, a career is a long-term commitment to a certain field or industry, characterized by continuous learning, development of skills and expertise, and the pursuit of opportunities for growth and advancement. It is different from a job that pays hourly wages, which is often seen as a means to an end rather than a long-term commitment.
Ultimately, the goal of a career is to achieve personal and professional fulfillment by doing work that is meaningful, challenging, and rewarding. Option A is correct.
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what happens when the government runs out of money?
Answer:
cdtdtuky ue ysruosixsyxsiysc
no one will get paid any money
Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answer:
D. Catalog
Explanation:
Its not a store.
To file your federal and state taxes you ____________?
a)must prepare different forms for each type of government (if your state requires it)
b)can use tax preparation software for federal taxes, but can't for state taxes
c)must prepare the same tax forms for both
d)can use tax preparation software for state taxes, but can't for federal taxes
Answer:
a)must prepare different forms for each type of government (if your state requires it)
Explanation:
Federal is the same for everyone, state is dependent for which state you live and work in. B and C are wrong because you can use tax preparation software for both Federal and state.
To file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
Recall:
Preparing of tax returns for federal and states is done using different forms as it applies to your state.There are tax preparation software that can be used whether federal or state tax. Examples of tax preparation software are Credit Karma Tax, Jackson Hewitt, TaxSlayer, among others.Therefore, to file your federal and state taxes you should: a. prepare different forms for each type of government (if your state requires it)
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Animal trainer jobs are difficult to find as most positions are typically filled and it is rare for new positions to be created. This career has
a decrease in supply
an increase in demand
an increase in supply
no change in demand
The career has a no change in demand and an increase in supply
Let understand that when demand meet supply, there is an equilibrium.
Here, there is no equilibrium and this will be explained as follows.Demand in this context is the need to hire Animal Trainers to train animal. In the question, the service does exist but no new position are created because there is no need for it. Thus there is mo change in the demand for Animal trainersSupply in this context refers to availability of people skilled as Animal Trainers. In the question, they keep increasing in number but there are no role for them to occupy.
In conclusion, the Animal trainers careers have an increase in supply but have no change in demand.
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Answer:
Increase in supply :)
Explanation:
Since theres already a high amount of employees, theres a high supply of them, meaning the demand for that job position is low.
there is no right or wrong answer
What capability do smartphones have that telephones with earlier technology lacked?
wireless technology
data services
mobility
voice transmissions
Answer
data service
Explanation:
edge
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Assume that the marginal cost function of a firm is C'(x) = x²eˣ and that the fixed costs are re 2. Find the cost function C(x). Assume that the price per mit. P(x). varies with x ∈ [1. +[infinity]) according to the formula P(x) = x.eˣ - 2.cˣ + 30. Find the production level that maximizes profit, and compute the maximum profit.
To find the cost function C(x), we integrate the marginal cost function C'(x) = x²eˣ with respect to x. Then, to determine the production level that maximizes profit, we find the value of x where the marginal cost equals the marginal revenue (MR = P'(x)).
To find the cost function C(x), we integrate the marginal cost function C'(x) = x²eˣ with respect to x. Integrating x²eˣ gives us C(x) = ∫x²eˣ dx. By applying integration rules, we find C(x) = (x² - 2x + 2)eˣ + C, where C is the constant of integration.
To determine the production level that maximizes profit, we need to find the value of x where the marginal cost equals the marginal revenue. The marginal revenue is the derivative of the price function P(x), so we calculate P'(x) and set it equal to C'(x). Solving the equation P'(x) = C'(x) gives us x.eˣ - 2cˣ + 30 = x²eˣ. By rearranging and simplifying the equation, we get x² - (x + 2)eˣ + 30 = 0.
To compute the maximum profit, we calculate the total revenue and total cost at the production level that maximizes profit. The total revenue is given by R(x) = xP(x), and the total cost is C(x). We substitute the value of x that satisfies the equation x² - (x + 2)eˣ + 30 = 0 into R(x) and C(x). Then, we subtract the total cost from the total revenue to obtain the maximum profit.
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Adjusting entries never affect the asset account called?
Adjusting entries never affect the asset account called Cash account.
What are Adjusting entries?Whenever entries are being made in the journal, some of the entries are adjusting entries, which are called the entries , with the changes that have been made in the record.
As already mentioned, these kinds of entries involve mainly the numbers for matching the record, so it can be possible for any person who is maintaining the accounts to correct them during the accounting period.
This is usually done with bills, salaries, and taxes. It is also used during the charge for a later period or after it has been incurred.
Thus, it is the cash account which has no effect on Adjusting entries.
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Why is it helpful to include milestones when setting personal performance goals. a) Including milestones allow one to explore many diverse interests before setting personal performance goals. b) Including milestones sets a long-term vision of where one wants to be in ten years. c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal. d) Including milestones allows one to measure one's performance in miles.
Answer:
c) Including milestones allows one to use several short-term achieveable tasks to achieve one long-term goal.
Explanation:
In this regard, we can relate the inclusion of milestones when defining personal performance goals to SMART goals, which is a method used to better target which actions will lead to the achievement of your goals and objectives.
SMART goals include milestones that allow you to use a variety of short-term, achievable tasks to achieve a long-term goal.
The acronym SMART stands for: Specific, Measurable, Achievable, Relevant and Time-based.
Which implies that the goals must be specific, they must be planned as clearly as possible. Measurable because they must be measured and monitored to analyze the performance of the tasks required to reach the goal. It must also be attainable, which means that the goal must be planned only if there are real possibilities to be achieved. Relevant to achieving motivation and ultimately time-based, as every goal must have a deadline for reaching it.
Answer:
c
Explanation:
hich pricing strategy involves setting a high price for an exclusive, high-end product?
A social media application would most likely do which of the following? (6 points)
Allow users to watch popular movies and TV shows
Connect users with social and business contacts
Confirm users' travel plans
Teach users a new language
Answer:
B: Connect users with social and business.
Explanation:
This is one of the primary uses of Social Media. It is to help contact people you know, whether it be your boss from work, or a distant relative. Social Media helps you contact anyone from anywhere around the globe.
A social media app would almost certainly connect users with social and professional contacts. Option B is correct.
What is social media?Social media are defined as interactive technologies that help the creation and transmission of message, interests, thoughts, and other forms of look with the help of virtual communities and networks.
Users would just about surely be connected with social and professional contacts via a social media app.
Therefore, option B correct.
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Which of the following is an example of the ethical issue of gift-giving in the
health care industry?
Answer:
Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...
Transmission of Diseases. ...
Relationships. ...
End-of-Life Issues
etc.
Answer:
A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.
Explanation:
good luck with your homework <3
Based on the historical data, B Inc. has a beta of 1.5 against the S&P 500 return last ten years, Today, the risk-free rate is 3.8% (T-Bill), the return on the market portfolio (S&P 500) is 10.8%. Currently, B Inc.’s share is sold at $75 and it has 5 million outstanding shares. Also, B Inc. has issued 200,000 10 years semi annual coupon bonds 5% coupon rate last year. Now, its bonds is rated as AAA and it is traded at $1,010 in the market. The company’s margin tax rate is 27%. What is B Inc.’s after tax WACC? (25 Marks)
Therefore, the after-tax WACC of B Inc. is 9.86%.
After-tax WACC stands for weighted average cost of capital. The cost of capital is the return required to attract investment, and WACC reflects the average cost of all sources of capital, weighted by the proportion of each source of capital in the company's capital structure.
When a company has a lower cost of capital, it may take on more investments that produce lower returns than other businesses with a higher cost of capital.
WACC is calculated as the weighted average of the firm's cost of equity and its cost of debt, weighted by the percentage of equity and debt in the firm's capital structure.
It is expressed in percentage points and reflects the company's tax burden as well as the relative cost of debt and equity.
Explanation:
Given parameters:Beta of B Inc. = 1.5
Risk-free rate = 3.8%
Market portfolio return = 10.8%
Margin tax rate = 27%
Current share price = $75
Number of outstanding shares = 5 million
Number of outstanding bonds = 200,000
Market price of bonds = $1,010Coupon rate = 5%
Semi-annual coupon payments
Tax rate = 27%
WACC formula
= (E / V x Re) + (D / V x Rd) x (1 - Tc)
Where E = market value of the firm’s equity
D = market value of the firm’s debt
V = total value of the firm’s equity and debt
Re = cost of equity
Rd = cost of debt
Tc = corporate tax rate
Let's calculate the cost of equity (Re) using the capital asset pricing model (CAPM):
Re = Rf + Beta x (Rm - Rf)
where Rf = risk-free rate
Rm = market return
Using the parameters given, we can compute Re:
Re = 3.8% + 1.5(10.8% - 3.8%)
Re = 14.6%
Next, we will calculate the cost of debt (Rd):
Rd = Coupon Rate x (1 - Tax Rate) x (Face Value / Market Price) + (Gains or Losses / Years to Maturity)
where Face Value is the par value of the bond.
Let's calculate the cost of debt:
Rd = 0.05 x (1 - 0.27) x ($1,000 / $1,010) + (0 / 20)
Rd = 2.32%
Now, we will calculate the market value of the firm’s equity and debt:
Equity value = Number of shares x Share price
Equity value = 5,000,000 x $75
Equity value = $375,000,000
Debt value = Number of bonds x Bond price
Debt value = 200,000 x $1,010
Debt value = $202,000,000
Total value = Equity value + Debt value
Total value = $375,000,000 + $202,000,000
Total value = $577,000,000
Next, we will calculate the proportion of debt and equity in the capital structure:
Proportion of debt = Debt value / Total value
Proportion of debt = $202,000,000 / $577,000,000
Proportion of debt = 0.35
Proportion of equity = Equity value / Total value
Proportion of equity = $375,000,000 / $577,000,000
Proportion of equity = 0.65
Now, we will substitute all values into the WACC formula and calculate it:
WACC = (0.65 x 0.146) + (0.35 x 0.0232 x (1 - 0.27))
WACC = 9.86%
Therefore, the after-tax WACC of B Inc. is 9.86%.
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Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 Month First Year Second Year Third Year January 242 263 282 February 235 238 255 March 232 247 265 April 178 193 205 May 184 193 210 June 140 149 160 July 145 157 166 August 152 161 174 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 The Vintage Restaurant, on Captiva Island near Fort Myers, Florida, is owned and operated by Karen Payne. The restaurant just completed its third year of operation. During those three years, Karen sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. Through the efforts of Karen and her staff, her restaurant has become one of the best and fastest-growing restaurants on the Island. To better plan for future growth of the restaurant, Karen needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. The following table shows the value of food and beverage sales ($1,000s) for the first three years of operation: Your Tasks: Perform an analysis of the sales data for the Vintage Restaurant. Prepare a report for Karen that summarizes your findings, forecasts, and recommendations. Include the following: a. A time series plot. Comment on the underlying pattern in the time series. Using the dummy variable approach, forecast sales for January through December of the fourth year. How would you explain this model to Karen? Assume that January sales for the fourth year turn out to be $295,000. What was your forecast error? If this error is large, Karen may be puzzled about the difference between your forecast and the actual sales value. What can you do to resolve her uncertainty about the forecasting procedure
The sales are generally highest in the winter months and lowest in the summer months, with peak in January of the third year at $282,000.
What are sales?Sales refer to exchange of goods or services for money or other valuable consideration. It is the process of convincing potential customers to purchase a product or service by communicating its value, benefits, and features. The sales process typically involves prospecting, qualifying leads, making a sales pitch, handling objections, closing the sale, and following up with the customer. Sales can occur through various channels, including in-person, over the phone, online, or through direct mail. Successful sales depend on the ability to understand and meet customer needs, build relationships, communicate effectively, and provide exceptional customer service. Sales are essential to the success of any business as they generate revenue and help to grow and expand the business.
Highest sales= $295,000- $13,000= $282,000
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If I-phone company is looking to offer insurance for the phones and estimates that 1 million Iphone users will buy their insurance and they will charge 250 taka per phone for a year. They will pay 50000 taka for the loss of the phone (like stolen, fire, lost) and will pay 10000 taka for damage. If the company estimates 2500 people will claim full loss and 5000 customers will ask for partial damage. If I-phone company deposits the money at 8% interest for six months and paid 5 crore taka for underwriting then what will be their profit or loss?
If I-phone company deposits the money at 8% interest for six months and paid 5 crore taka for underwriting then the total profit of the company 35,000,000 taka profit.
If I-phone company is looking to offer insurance for the phones and estimates that 1 million I phone users will buy their insurance and they will charge 250 taka per phone for a year, then the total amount of money they will receive from the customers is 250 x 1,000,000 = 250,000,000 taka.
The company will pay 50000 taka for the loss of the phone (like stolen, fire, lost) to 2500 people,
which amounts to 50,000 x 2,500 = 125,000,000 taka.
They will also pay 10000 taka for damage to 5000 customers, which amounts to 10,000 x 5,000 = 50,000,000 taka.
The total amount of money the company will pay for the claims is 125,000,000 + 50,000,000 = 175,000,000 taka.
If I-phone company deposits the money at 8% interest for six months,
they will earn an interest of (250,000,000 x 8% x 6/12) = 10,000,000 taka.
The company also paid 5 crore taka for underwriting, which is equivalent to 50,000,000 taka.
Therefore, the total profit or loss of the company will be (250,000,000 + 10,000,000) - (175,000,000 + 50,000,000) = 35,000,000 taka profit.
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anyone like jschlatt here
Answer: yes.
Explanation:
cause he's amazing, he's jschlatt, and he's awesome
thank you for coming to my TedTalk :)
True or false: Changes in cash are classified as either operating activities, direct activities or indirect activities.
The operating cash flows often uses the direct method of presentation. Changes in cash are classified as either operating activities, direct activities or indirect activities is a false statement.
Operating activities is said to be cash activities that are linked to net income.
The cash flow direct method often determines changes in cash receipts and payments.
The indirect method often takes the net income gotten in a period and adds or subtracts changes in the asset and liability accounts.
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i have to write a presentation on why the government needs to do more to improve public schools. can anyone help with a few reasons?
Governments can support other schools by providing food, shoes for school, after-school tutoring, and encouragement for students to pursue their education and future goals.
What justifies government involvement in education?The system's contradictions would be fixed if the federal government got involved. Every region, district, and legislature could establish its own standards for curriculum development if the states in the United States were in charge of establishing their own educational standards.
Since there are more than 50 different ways to gauge success, it is impossible to draw a precise picture of how the nation's educational system is performing at the national level. A single standard would make it easier for educators, leaders, parents, and students to understand where they stand in relation to others across the nation.
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The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.
Explanation:
marketing about selling produktivitas
You are out on your own and you have come into the sad issue of the old car (20+ years old, 150k miles) your parents gave you having a blown transmission unexpectedly. (It really wasn’t. You just put it off because it’s not cheap.) You now have the dubious choice to purchase a new\used car OR to repair the car your parents gave you free and clear. Assume you have a part-time job making $10 an hour at 30 hours a week and a 15% tax rate. Your total living expenses are $700 a month. The repairs for a transmission at $2,500 dollars, which you can finance at 17% interest. A new vehicle would be $20,000 at 10% interest, and a used vehicle would be $9,000 at 12% interest with unknown driver history. Create a flowchart, trace-table, and UML for these options and then in a one-page paper, discuss which you would choose and why. Discuss affordability, reliability, and return on investment.
I would choose to repair the car with the blown transmission. Despite the upfront cost, it offers affordability since the repair cost is lower than purchasing a new or used car.
In this scenario, repairing the car with the blown transmission is the more prudent choice. While the repair cost of $2,500 may seem significant, it is still more affordable than purchasing a new or used car. With a part-time job earning $10 an hour at 30 hours a week, the monthly income is $1,200 Lastly, the existing car holds sentimental value as it was given by my parents. By repairing it, I can continue to use a vehicle that has personal significance and is already familiar to me. Overall, considering affordability, reliability, sentimental value, and long-term financial benefits, repairing the car is the preferable choice in this situation.
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in
term of strategic sourcing supply chain
There are two distinct approaches that an organisation can take when selecting its suppliers as part of the supplier selection process. Explain the difference between these two approaches.
The two approaches in supplier selection are transactional sourcing and strategic sourcing. Transactional sourcing focuses on short-term cost savings, while strategic sourcing emphasizes long-term relationships and value creation through collaboration and supplier development.
Transactional Approach:
The transactional approach focuses on short-term, transactional relationships with suppliers. In this approach, the primary objective is to optimize cost savings and achieve immediate operational efficiencies. The organization typically prioritizes factors such as price, delivery speed, and quality when selecting suppliers. The relationship with suppliers is often based on competitive bidding, where the lowest-priced supplier is chosen for each transaction. There is minimal collaboration or long-term commitment between the organization and suppliers in this approach.
Advantages of the transactional approach include the potential for cost savings and flexibility in choosing suppliers for specific transactions. However, it may lead to a lack of supplier loyalty, limited knowledge sharing, and potential risks related to quality and reliability if the focus is solely on cost optimization.
Relational Approach:
The relational approach, on the other hand, emphasizes long-term partnerships and collaboration with suppliers. It involves building strategic relationships based on trust, mutual benefit, and shared objectives. The organization seeks to establish close ties with a select few suppliers who become strategic partners. The focus is on creating value beyond cost savings, such as innovation, continuous improvement, and joint problem-solving. Supplier selection in the relational approach considers factors such as expertise, capabilities, reliability, and the ability to align with the organization's strategic goals.
Advantages of the relational approach include improved supplier performance, better responsiveness, increased innovation, and reduced supply chain risks. By fostering strong relationships with suppliers, the organization can benefit from their expertise and jointly work towards long-term success.
In summary, the transactional approach prioritizes short-term cost savings and operational efficiencies, while the relational approach emphasizes long-term partnerships, collaboration, and value creation beyond cost. The choice between these approaches depends on the organization's strategic objectives, the nature of the product or service, and the desired level of supplier integration and innovation within the supply chain.
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