Han Products would have a financial advantage of $93,200 if it accepts the outside supplier's offer to purchase 24,000 units of part S-6 per year.
To determine the financial advantage or disadvantage of accepting the outside supplier's offer, we need to compare the total cost of manufacturing part S-6 with the cost of purchasing it from the outside supplier.
First, let's calculate the total cost per unit of manufacturing part S-6:
Direct materials + Direct labor + Variable manufacturing overhead + (Fixed manufacturing overhead x 2/3) = Total cost per unit
$3.80 + $12.00 + $2.20 + ($12.00 x 2/3) = $22.80 per unit
Therefore, the total cost of manufacturing 24,000 units of part S-6 is:
$22.80 x 24,000 = $547,200
If Han Products accepts the outside supplier's offer of $22 per part, the cost of purchasing 24,000 units of part S-6 would be:
$22 x 24,000 = $528,000
In addition, by accepting the outside supplier's offer, Han Products would be able to rent out its facilities for $74,000 per year. Since the fixed manufacturing overhead applied to part S-6 would continue even if it were purchased from the outside supplier, this $74,000 rental income would be an additional financial advantage.
Therefore, the financial advantage of accepting the outside supplier's offer can be calculated as follows:
Cost savings from purchasing from outside supplier = Total cost of manufacturing - Cost of purchasing from outside supplier
= $547,200 - $528,000
= $19,200
Additional rental income = $74,000
Total financial advantage = Cost savings + Additional rental income
= $19,200 + $74,000
= $93,200
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Ygritte loaned mans \$100$100dollar sign, 100. Mans paid her back \$110$110dollar sign, 110 one year later. The annual rate of inflation was 3\%3%3, percent. What was the real interest rate that ygritte earned on this loan?
The real interest rate that Ygritte earned on the loan was 6.8%, after adjusting for inflation.
We can do this by dividing $110 by the inflation rate expressed as a decimal:
$110 / (1 + 0.03) = $106.80
($106.80 - $100) / $100 = 0.068 or 6.8%
An interest rate is the percentage of a loan that a borrower must pay back to the lender in addition to the original principal amount. It is the cost of borrowing money, and it is determined by a variety of factors, including the borrower's creditworthiness, the current state of the economy, and the length of the loan.
Interest rates can be fixed or variable, depending on the terms of the loan. Fixed interest rates remain the same for the entire term of the loan, while variable interest rates fluctuate based on changes in the market. Interest rates also play an important role in monetary policy, as central banks use them to control inflation and stimulate or slow down economic growth.
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Complete Question: -
Ygritte loaned Mans $100. Mans paid her back $110 one year later. The annual rate of inflation was 3%. What was the real interest rate that Ygritte earned on this loan?
Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund
Since Taryn is a minor does have special contractual rights when he purchases necessaries. In this case Taryn does not really need the car since his parents have offered the use of car.
The car dealer could not legally refuse to take the car back and must return Taryn's money.
Fair market value:The fair market value of a piece of property is the price at which it would change hands between a willing and informed buyer and seller. The term can be found throughout the Internal Revenue Code, as well as in numerous state laws, bankruptcy laws, and regulatory bodies. In real estate, a property's determined fair market value (FMV) is the price it will sell for on the open market. A willing buyer and seller who are both reasonably knowledgeable about the property in question agree on the FMV.
How significant is fair market value?Parties can agree on a fair market value provided certain conditions are met. It usually takes place in legal settings and implies free and open market activity. Insurance companies and tax authorities use it extensively.
Question is incomplete . Missing part is:
Taryn is 16 years old in a state where the age of majority is 19. Taryn plans to begin working at a restaurant next week. Her parents are willing to let her use one of their cars, but she wants her own car. If Taryn buys a car for fair market value, would she be able to return the car and get a full refund. Explain the answer.
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Bianca took out a $2,600 unsubsidized Stafford loan. She will be attending school for four years, and she wishes to have the loan paid off five years before its normal ten-year duration is finished. The loan has an interest rate of 6. 2%, compounded monthly. How much will she have to pay monthly to avoid interest capitalization? a. $12. 40 b. $19. 29 c. $13. 43 d. $17. 36.
Interest capitalization is defined as the unpaid interest when added to the principal amount of the loan. It increases the overall cost of the loan.
Bianca will have to pay $13.43 monthly to avoid interest capitalization.
Given that:
Principal value of loan = $2600
Maturity Time = 10 years = 120 months
Interest rate = 6.2% = 0.062
Now, to find the amount of payment by using the formula:
\(\rm Payment&=\rm \dfrac{Rate\times Principal}{1-(1+rate)^{time}}\\\\\\\rm Payment&=\rm\dfrac{0.062 \times 2600}{1-(1+rate)^{120}}\\\\\rm Payment &= \rm \161.32\)
Total payment that is to be paid in 1 year:
\(\rm Monthly\; Payment &=\rm\dfrac{161.32}{12}&= \$13.43\)
Thus, the payment that Bianca has to pay is $13.43.
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Answer:
Interest capitalization is defined as the unpaid interest when added to the principal amount of the loan. It increases the overall cost of the loan. Bianca will have to pay $13.43 monthly to avoid interest capitalization.Given that:Principal value of loan = $2600Maturity Time = 10 years = 120 months Interest rate = 6.2% = 0.062Now, to find the amount of payment by using the formula:Total payment that is to be paid in 1 year:Thus, the payment that Bianca has to pay is $13.43.Explanation:
Q3. ‘Affordable Homes’ of Gurugram, develops affordable housing for low income families. In the past, Raghav Ahuja, founder of this social venture relied on government grants as its main source of funding. However, this source of funding has declined steadily over the past years due to government budget cuts while demand for its services has continued to climb. A key concern with any social entrepreneur is sustainability of funding. What recommendations can you make to Raghav Ahuja to ensure the sustainability of the venture over the long term? What are the various ways Raghav could generate funding to operate his social venture ‘Affordable Homes’?
To ensure the sustainability of the venture over the long term, Raghav Ahuja should diversify the sources of funding for 'Affordable Homes' by exploring alternative strategies.
Diversification of funding sources is crucial for the long-term sustainability of any social venture, especially in the face of declining government grants. Raghav Ahuja can take several steps to ensure a stable financial foundation for 'Affordable Homes.'
Firstly, Raghav should focus on building strategic partnerships with corporate entities and philanthropic organizations. By forging alliances with companies that share the same vision of affordable housing, Raghav can tap into corporate social responsibility initiatives and secure funding through sponsorships, donations, or grants. Philanthropic organizations can also provide financial support through grants and impact investments.
Secondly, Raghav can explore the option of crowd funding. Platforms like Kickstarter, GoFundMe, or Indiegogo offer opportunities to reach out to a broader audience and garner financial support from individuals who believe in the mission of 'Affordable Homes.' Leveraging social media and online networks can help in spreading awareness and mobilizing a large number of people to contribute towards the cause.
Additionally, Raghav should consider developing income-generating activities within the organization. This could involve renting out community spaces or utilizing surplus resources to generate revenue. By exploring sustainable business models that align with the social mission of 'Affordable Homes,' Raghav can create a more self-reliant financial structure.
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which of the following is an example of a technical ("hard") skill?. for A P E X
A. cooperating well with other maintenance technicians
B. Delivering an oral report in an interesting manner
C. Filling out purchase order forms accurately
D. Helping a group choose the best alternative
Filling out purchase order forms accurately is an example of a technical or hard skill. As for filling the form, there is need of the knowledge of about the technical things.
What is hard skills?Hard skills are the technical skills that are which are required to do work in the company. Hard skills and soft skills have different department in an organization.
Some hard skills include Computer skills. Microsoft Office skills, Analytical skills, Marketing skills, Presentation skills and Management skills.
Thus, option C is correct.
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Answer:
Filling out purchase order forms accurately
Explanation:
What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Tim's $2,500 boat trailer was stolen from his driveway. Ignoring any deductibles, how much can Tim receive for his stolen trailer when he files a claim against his homeowners policy?
Answer:
generally $1,000, but some policies can cover up to $1,250
Explanation:
Home insurance provides only very limited protection to boats or other watercraft that you might own. They are also very specific circumstances under which they will be covered and as long as it happens within your residence. In this case, since the boat trailer was stolen from your driveway you insurance policy will probably cover it, but the amount is relatively small. Most policies will cover only $1,000 and some might even cover up to $1,250, but generally the lesser amount is covered. If you own a boat it is usually recommended to get a boat insurance policy.
Which of the following is not true of job-order costing? a.The key document for accumulating manufacturing costs is the job-order cost sheet. b.It is used in firms that produce homogeneous products. c.The cost of each job is accumulated on the job-order cost sheet. d.All of these choices are correct.
The following is not true of job-order costing it is used in firms that produce homogeneous products.
What is Job Order Costing?
Job order costing is a costing method which is used to determine the cost of manufacturing each product. This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
This costing method is usually adopted when the manufacturer produces a variety of products which are different from one another and needs to calculate the cost for doing an individual job. Job costing includes the direct labor, direct materials, and manufacturing overhead for that particular job.
Therefore, we can conclude that all the options A,C, and D . are all characteristics of a job order costing system. It means that option B, it is used in firms that produce homogeneous products, is not a characteristic of a job order costing system.
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When sodium chloride, NaCl , is added to water, it forms a solution. The steps involved in the dissolution of NaCl in water are shown below.
Surely, when sodium chloride, NaCl , is added to water, it forms a solution which
is known as homogeneous solution
This dissolution of sodium chloride in water forms sodium and chloride ions
The chemical equation for the reaction is given below:
NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)
Reaction wise, when sodium chloride, NaCl , is added to water, the water molecules pull the sodium and chloride ions far apart, thereby; breaking the ionic bond that held them together. After the salt compounds are pulled apart, the sodium and chloride atoms are surrounded by water molecules
What is homogeneous solution?Homogeneous solutions can be defined as those solutions with uniform composition and properties throughout the solution.
So therefore, surely, when sodium chloride, NaCl , is added to water, it forms a solution which is known as homogeneous solution
NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)
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A PDF file is used to display a file as it will look when _______.
Answer:
a pdf file is used to display a file as it will look when _____.
State true or false and justify your answer:
The cost of retained earnings is equal to the required rate of return on a firm's outstanding common stock.
False. The cost of retained earnings is not equal to the required rate of return on a firm's outstanding common stock. The cost of retained earnings represents the opportunity cost of using internal funds to finance investments rather than distributing them to shareholders as dividends. It is the return that shareholders could have earned if they had received the funds as dividends and invested them elsewhere. In other words, it reflects the return required by shareholders for forgoing dividend payments.
On the other hand, the required rate of return on a firm's outstanding common stock is a measure of the return expected by investors for holding the stock. It is influenced by factors such as the risk associated with the investment, market conditions, and the company's financial performance. The required rate of return is used to determine the present value of future cash flows and serves as a benchmark for evaluating the attractiveness of an investment. While both the cost of retained earnings and the required rate of return are related to the shareholders' return expectations, they are distinct concepts with different purposes. The cost of retained earnings represents the cost of internal financing, while the required rate of return on common stock reflects the return expected by investors in the open market.
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what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.who should be involved in risk management acvies? a) only project team. b) only project manager. c) as many stakeholders as praccal. d) all stakeholders except clients.
C). As many stakeholders as practical should be involved in risk management acvies.
Risk management activities should involve as many stakeholders as possible. This is because risk management is all about identifying potential risks, developing strategies to mitigate those risks, and ensuring that the project is completed on time and within budget.
Involving stakeholders will help to ensure that all potential risks are accounted for and that the most effective strategies are developed to mitigate the risks identified.
In addition to the project team, stakeholders such as sponsors, customers, and other project-related personnel should also be involved in risk management activities. This will help to ensure that everyone is aware of the risks and that everyone is working together to develop strategies to mitigate them.
By involving all stakeholders, it will be easier to identify potential risks and to develop effective strategies to mitigate them. This will also help to ensure that the project is completed within the given timeline and budget.
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Suppose that Roots' marginal cost of a jacket is a constant $100.00 and the total fixed cost at one of its stores is $1 comma 000 a day. This store sells 15 jackets a day, which is its profit-maximizing number of jackets. Then the stores nearby start to advertise their jackets. The Roots store now spends $2 comma 000 a day advertising its jackets, and its profit-maximizing number of jackets sold jumps to 55 a day. What is this store's average total cost of a jacket sold before the advertising begins and after the advertising begins. >>> Answer to 2 decimal places. Can you say what happens to the price of a Roots jacket, Roots' markup, and Roots' economy?
Answer:
What is this store's average total cost of a jacket sold before the advertising begins and after the advertising begins.
before advertising costs increase:
marginal cost is constant, so we can state that the total variable costs are $100 per jacket
total fixed costs = $1,000 per day / 15 jackets = $66.67 per jacket
average total cost per jacket before increasing advertising expense = $100 + $66.67 =) $166.67
after advertising costs increase:
total variable costs are $100 per jacket
total fixed costs = $2,000 per day / 55 jackets = $36.36 per jacket
average total cost per jacket after increasing advertising expense = $100 + $36.36 =) $136.36
Can you say what happens to the price of a Roots jacket, Roots' markup, and Roots' economy?
Roots is experiencing economies of scale since average total cost per jacket decreased as the total number of jackets sold increased. But in order to sell that new amount of jackets, their price probably decreased. If the price hadn't changed, then the profit maximizing number of jackets sold per day would be close to 30, but it clearly isn't. That means that the company's markup decreased, but the company is now better off since it is maximizing its profits even though its expenses increased and the markup decreased.
***98 POINTS *** someone please help
Answer:
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Explanation:
please help me with this account question I'm tryna make entries
Answer:
451
Explanation:
430+21
1234567890101112131415
"
Meta Ltd purchased a new equipment costing £100,000. Its
expected useful life is 5 years, at which point it is anticipated
that the machine will have a residual value of £14,000. Applying
the reduci
"
The reduction in value of the equipment is applied based on the straight-line method. It is calculated by subtracting the residual value from the cost of the equipment and dividing the result by the useful life of the equipment .
In this case, the reduction in value of the equipment is calculated as follows:Cost of the equipment = 100,000Residual value = 14,000Useful life = 5 yearsReduction in value per year = (Cost of the equipment - Residual value) / Useful life= (100,000 - 14,000) / 5= 86,000 / 5= 17,200.
Therefore, the reduction in value of the equipment per year is 17,200.Over the course of 5 years, the total reduction in value would be 17,200 x 5 = 86,000. This means that after 5 years, the equipment would have a value of 100,000 - 86,000 = 14,000, which is the residual value mentioned in the problem.
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Labor unions can lower wages for everyone through costly work stoppages. True or False.
The given statement " Labor unions can lower wages for everyone through costly work stoppages" is false.
Labour unions are founded to protect employees' interests and to bargain for improved salaries, benefits, and working conditions.
They may participate in work stoppages, such as strikes, to put pressure on employers to adhere to their demands, but these activities are not designed to cut wages for all.
Indeed, if they are successful, they have the potential to result in higher wages and better working conditions for union members. However, in some cases, non-union workers or businesses may suffer as a result of union strikes or other actions.
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False.Labor unions can lower wages for everyone through costly work stoppages
Labor unions typically negotiate higher wages and better working conditions for their members through collective bargaining with employers. While strikes or work stoppages can be a tool used by unions during negotiations, the ultimate goal is to reach a mutually beneficial agreement that improves the conditions and compensation for workers.
However, strikes or work stoppages can have negative consequences for both workers and employers. They can result in lost wages, production delays, and damage to relationships between labor and management. In some cases, prolonged work stoppages can lead to economic disruptions and broader impacts on the industry or community as a whole. Therefore, both unions and employers typically try to avoid or minimize the use of work stoppages and prioritize reaching a mutually agreeable resolution through negotiation.
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When calling a support line to request help with a computer problem, it is best to
provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem
Answer: Provide as many details and information as possible.
Explanation:
So they can identify the problems with your computer
Answer:
1.provide as many details and information as possible.
Explanation:
Man is termed an 'economic animal' because he a) has the ability to understand economic activities b) lives a life which is governed by economic forces c) studies economies in order to live a productive life d) uses his ability to satisfy his wants from the gifts of nature
Answer:
The conception of man as an economic animal is implied by the view that economic production is the determining “factor” or “sphere” of man or society. Against this conception can be put another, that of man as praxis. This takes account of man as a creative being, capable of realizing his freedom through his own activity. In this article the theory of the determining role of the “economic factor”, and the theory of factors in general have been examined. The economic interpretation of history, a variant of the theory of factors, has been acknowledged as partly true for the self‐alienated man and society, but the theory of factors in any variant has been found inadequate as a general theory of man, or society. The possibility of freedom cannot be reduced to the fact that the determining roles played by “factors”, vary, or to the hope that the economic “factor” can be subordinated to a “better” one. Man's freedom consists in his resolving the conflict of “factors”, and in realizing himself as an integral creative being, no longer split into independent and mutually opposed spheres.
Explanation:
that should help
Sold goods whose list price is 5000 to rakesh at 6% trade discount and 1% cash discount he paid 60% price in cash jornal entry
The journal entry will be:
Debit: Accounts Receivable 2766
Credit: Sales 5000
Debit: Discounts Allowed 317
Credit: Trade Discount Allowed 300
Credit: Cash Discount Allowed 17
How to depict the journal entry?To record the sale of goods to Rakesh at a trade discount and cash discount, you would make a journal entry to debit Accounts Receivable (for the amount Rakesh will pay on credit) and credit Sales (for the revenue from the sale). The entry would also need to include any applicable discounts.
The trade discount is calculated by multiplying the list price of the goods by the trade discount percentage (6% in this case), so the trade discount would be:
5000 x 6% = 300
The cash discount is calculated by multiplying the list price minus the trade discount by the cash discount percentage (1% in this case), so the cash discount would be:
(5000 - 300) x 1% = 17
The total discounts is trade discount + cash discount
300 + 17 = 317
The amount Rakesh paid in cash would be calculated by multiplying the list price minus the discounts by the percentage he paid in cash (60% in this case), so:
(5000 - 317) x 60% = 2766
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
_ 5. Which of the following is an example of terminal punctuation?
A. Comma.
B. Question mark.
C. Quotation mark.
D. Colon.
A new smali business wants to know if its current radio advertising is effective. The owners decide to look at the mean number of customers who make a purchase in the sore on days immediately following days when the radio ads are played as compared to the mean for those days following days when no radio advertisements are played. They found that for 13 days following no advertisements, the mean was 23.9 purchasing customers with a standard deviation of 1.9 customers. On 6 days following advertising the mean was 24.7 purchasing customers with a standard deviation of 1.6 customers. Test the claim, at the 0.01 level, that the mean number of customers Who make a purchase in the store is lower for days following no advertising compared to days following advertising. Assume that both populations are approximately normal and that the population variances are equal. Let days following no advertisements be Population 1 and let days following advertising be Pogustion 2 Step 2 of 3 : Compute the value of the test statistic. Round your answer to three decimal places.
The test statistic value is -1.111, indicating a difference in mean customer purchases between days with no advertising and days with advertising.
To test the claim, we compare the mean number of purchasing customers on days following no advertising (Population 1) to the mean on days following advertising (Population 2). We are given the sample means, standard deviations, and sample sizes for both populations.
Step 1: Hypotheses
The null hypothesis (H0) states that there is no difference in the mean number of customers making a purchase between the two populations. The alternative hypothesis (Ha) states that the mean number of customers making a purchase is lower for days following no advertising compared to days following advertising.
Step 2: Test Statistic
To compute the test statistic, we use the formula:
t = (mean1 - mean2) / sqrt((s1^2/n1) + (s2^2/n2))
where mean1 and mean2 are the sample means, s1 and s2 are the sample standard deviations, and n1 and n2 are the sample sizes.
Substituting the given values into the formula, we get:
t = (23.9 - 24.7) / sqrt((1.9^2/13) + (1.6^2/6))
≈ -1.111
Step 3: Conclusion
To determine if the test statistic is statistically significant, we compare it to the critical value from the t-distribution table at the 0.01 level of significance. If the test statistic is less than the critical value, we reject the null hypothesis in favor of the alternative hypothesis.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Why use a credit union rather than a bank?
Credit unions should be used rather than a bank because credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.
According to the Credit Union National Association, 130 million Americans are members of credit unions, which are not-for-profit organizations that are owned by their members.
Banks are required to turn a profit for their shareholders, while credit unions are not required to do the same for their members. Instead, they want to charge as little as possible, have the highest possible savings rates, and the lowest possible lending interest rates.
Credit unions are required to keep their membership to a certain "field of membership." This can refer to a place of employment, a school or house of worship, a region, or membership in an association.
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True or false: When customers make online purchases, a company has access to data that can be used for marketing analytics.
Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late december 2017, the company repaired samuel mosley's car and charged him $1,000. samuel did not think the problem had been fixed, so he refused to pay; thus, trip refused to release the automobile. in early january 2018, trip made a few adjustments under the hood; trip then convinced samuel that the automobile was working properly. at that time, samuel agreed to pay only $900 because he did not have the use of the car for a week. trip said "fine," accepted the $900, and released the automobile to samuel. an irs agent thinks trip, as an accrual basis taxpayer, should report $1,000 of income in 2017, when the work was done, and then deduct a $100 business loss in 2018. prepare a memo to susan apple, the treasurer of trip, with your recommended treatment for the disputed income.
Answer:
MEMO
To: Treasurer of Trip Garage, Inc.
From: Me
Subject: Dispute over accrued revenue
Mrs. S. Apple,
Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:
Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.
In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.
Regards,
Me
Explanation:
Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:
Dr Accounts receivable 1,000
Cr Service revenue 1,000
If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:
Dr Bad debt expense 1,000
Cr Allowance for doubtful accounts 1,000
If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.
The point at which supply equals demand is called
Answer:
equilibrium
Explanation:
what is true regarding the top down and bottom up implementatiation
When it comes to implementing changes in an organization, there are two approaches: top-down and bottom-up. Both approaches have advantages and disadvantages.
Top-down implementation is a traditional approach that involves leadership and management making decisions and implementing changes, which are then communicated down to lower levels of the organization. It is based on a centralized approach to change management that is hierarchical and tends to be authoritarian in nature.
It may also be more effective in situations where changes need to be implemented quickly, or where there is little buy-in or and commitment to the changes. it can be more time-consuming and may require more resources to implement than top-down implementation.
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