Sound internal control activities dictate that defective merchandise returned by customers should be presented initially to the receiving clerk.
One of the key components of internal control activities is to ensure that there is a proper process in place for handling defective merchandise returned by customers. By presenting the defective merchandise to the receiving clerk initially, it allows for a systematic and controlled approach to recording and addressing the issue. The receiving clerk is responsible for verifying the returned merchandise, documenting the details, and initiating the necessary steps for resolution.
This helps to prevent any miscommunication or mishandling of the returned merchandise, ensuring that it is properly accounted for and necessary actions can be taken, such as refunding the customer or initiating a replacement. By following this protocol, it helps to maintain accuracy and accountability within the organization's operations.
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QUESTION THREE [20] - Business management
Discuss the various campaigns, initiatives and other factors
that affect Nando’s success as a business.
please conduct your own research.
Nando's is a successful restaurant chain operating in several countries, and its success can be attributed to various campaigns, initiatives, and factors.
Some of these include:1. Marketing campaigns Nando's has been known for its creative and humorous marketing campaigns, which have helped it stand out in a crowded industry. For example, the "Nando's Peri-Peri Sauce" campaign used humor to highlight the hotness of the sauce.
2. Unique branding and productsNando's has a distinct brand identity, which includes the use of bright colors and Portuguese-style logos. Additionally, the chain's focus on flame-grilled chicken and unique Peri-Peri sauce has helped it differentiate itself from other chicken restaurants.
3. Social responsibility initiativesNando's has several social responsibility initiatives that align with its values and attract customers. For example, the chain sources its chicken from local farmers, uses sustainable packaging, and donates to charitable organizations.Nando's is a successful restaurant chain operating in several countries, and its success can be attributed to various campaigns, initiatives, and factors.
4. Strong corporate cultureNando's has a strong corporate culture that values creativity, innovation, and authenticity. The chain encourages employees to express their individuality and offers training and development opportunities.
5. International expansion Nando's has successfully expanded into several countries, including the United States, Canada, and Australia. This expansion has been facilitated by partnerships with local franchisees and a willingness to adapt to local tastes and preferences. These factors have contributed to Nando's success as a business.
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Cost-push inflation is caused by
increasing input prices. Which of the
following would NOT contribute to
increasing input prices?
A. expansionary monetary policy
B. a sharp decrease in the supply of oil
C. a sudden decrease in access to coal
How can a diverse economy like the United States, satisfy the needs of its consumers?
Answer:
Supply and Demand
Explanation:
Leverage
-Increases investment risk
-Decreases investment risk
-Only works to the investors advantage
-Increases owners equity in an investment
Leverage can increase investment risk because it involves borrowing money to make investments, which can result in higher losses if the investment does not perform well.
Leverage in finance refers to any strategy that involves borrowing money to make purchases while anticipating future earnings to be several times greater than the price of financing. Leverage often refers to using borrowed funds to pay for an asset purchase. Leverage is frequently used in order to boost an asset's profitability. People borrow money and employ leverage because they think they can buy greater resources and increase their profits with the additional funds.
However, it can also potentially increase returns. It does not necessarily decrease investment risk or only work to the investors' advantage. Leverage can increase owners' equity in an investment if the returns generated from the investment are higher than the cost of the borrowed funds.
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The market demand culve for labor O is determined by adding up the demand for labor by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers. O is the same as the market demand curve for the product labor produces because it is a derived demand. O is perfectly inelastic because there is a finite number of workers in the market for labor. is determined by adding up the quantity of labor demanded by each firm at each wage, holding constant the other variables that affect the willingness of firms to hire workers
The market demand curve for labor O is perfectly inelastic because there is a finite number of workers in the market for labor.
In economics, the market demand curve for labor represents the total quantity of labor that all firms in a given market are willing to hire at different wage rates, holding other factors constant. The market demand curve for labor is derived from the demand for the final product that the labor produces. Therefore, the demand for labor is a derived demand, meaning that it is not a direct demand for the labor itself, but for the product that the labor produces.When the market demand curve for labor is perfectly inelastic, it means that the quantity demanded of labor does not change with changes in the wage rate. In other words, firms in the market for labor are willing to hire a fixed quantity of labor regardless of the wage rate. This occurs when there is a finite number of workers available in the market, and firms are unable to increase their demand for labor beyond that fixed quantity.
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How is the value of a product determined?
Answer:
One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
the manager of kenton company stated that 45% of its total costs were fixed. the manager was describing the company's: multiple choice cost structure. contribution margin. operating leverage. cost averaging.
the manager's statement about 45% of the total costs being fixed is related to the company's cost structure and provides important information about its financial operations and risk profile.
Cost structure refers to the proportion of fixed and variable costs that make up a company's total costs. In this case, the manager stated that 45% of the total costs were fixed. This information provides insight into how the company's costs are distributed and helps in understanding the relationship between costs and production levels.
The proportion of fixed costs in the cost structure is an important factor in determining the company's profitability and risk. Higher fixed costs imply a higher break-even point, as a larger portion of costs must be covered before the company starts making a profit. It also indicates that the company has a higher degree of operating leverage, as fixed costs remain constant regardless of the level of production or sales.
Therefore, the manager's statement about 45% of the total costs being fixed is related to the company's cost structure and provides important information about its financial operations and risk profile.
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if your auto loan is amortized over 5 years you will pay
If your auto loan is amortized over 5 years, you will make payments on the loan over a period of 60 months.
If your auto loan is amortized over 5 years, you will make payments on the loan over a period of 60 months. Each payment will be applied to both the principal amount of the loan and the interest that has accrued on the outstanding balance. The amount you will pay over the life of the loan will depend on the interest rate, the amount borrowed, the term of the loan, and any fees associated with the loan.
To calculate the total amount you will pay over the life of the loan, you can use an online loan calculator or a spreadsheet program like Microsoft Excel. You can input the loan amount, the interest rate, and the loan term (in this case, 5 years or 60 months) to get an estimate of your monthly payment and the total amount you will pay over the life of the loan.
For example, if you borrow $20,000 at a fixed interest rate of 4% over a 5-year term, your monthly payment would be approximately $368. The total amount you would pay over the life of the loan would be approximately $22,100. However, keep in mind that this is just an estimate, and the actual amount you will pay could vary based on factors such as the timing of your payments and any fees associated with the loan.
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The 5s technique is used on the tarmac at Alaska Airlines to
A.position ground staff.
B.arrange baggage as it is moved to the plane.
C.organize the galley.
D.mark location of ground equipment.
Alaska Airlines uses the 5s approach to identify the locations of the ground support equipment on the tarmac.
Alaska Airlines: Who are they?According to The Points Guy, Alaska Airlines is the best airline in America for the second consecutive year. Alaska consistently received high marks across the board, placing in the top three for inexpensive fares, the greatest on-time arrival rates, the highest customer happiness, the best luggage handling, and the best frequent flyer program in the sector.
Ben Minicucci, president and chief operating officer of Alaska, said, "This honor is a testimony to our outstanding, kind-hearted personnel who deliver genuine, caring care for our visitors every day."
"Our workers are empowered to make things right even when things don't go flawlessly because we're focused on building an airline that people love. That can sometimes be the deciding factor.
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Please help, <3
Analyze two pricing strategies for their advantages and disadvantages and give reasons for a business to use each of those pricing strategies.
hope it helps
Question: leadership style and conflict
if kim took a vote to decide who should be on the team and made everyone part of the decision, what leadership style would she have, what are the benefits of this style on team psychology, and how might this style impact the team in managing conflict?
The type of leadership style described in the given scenario is known as participative leadership.
What is Leadership?This refers to the act of being responsible for the actions and activities of a group of people.
Hence, participative leadership would have a good psychological impact on the people because their input is asked which means that everybody's opinion matters.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding.
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a consumer price index attempts to measure changes in:
A consumer price index attempts to measure changes in the prices paid by urban consumers for a market basket of consumer goods and services.
The consumer price index (CPI) is a measure that attempts to track changes in the prices paid by urban consumers for a market basket of consumer goods and services. It is used to gauge inflation and understand how the cost of living changes over time.
The CPI takes into account a wide range of goods and services that are commonly purchased by consumers, including food, housing, transportation, clothing, medical care, and recreation. By monitoring the prices of these items, the CPI provides an indication of how much more or less consumers need to spend to maintain their standard of living.
For example, if the CPI shows a significant increase over a certain period, it suggests that the overall cost of living has gone up. This means that consumers would need to spend more money to purchase the same goods and services as before. On the other hand, if the CPI shows a decrease, it indicates that the cost of living has decreased, and consumers would need to spend less money to maintain their standard of living.
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Should a business email contain a salutation?
Answer:
A business email is meant in a professional way. It can be sought out as multiple different approaches, one of them, in this case, can include a friendly and welcoming business approach, including a salutation. All in all, it is up to the writer, there is no fully correct answer. Hope this helps :)
Madeline Abdul decided to open Madeline's Nail Spa. Madeline completed the following transactions: a. Invested $17,000 cash from her personal bank account into the business. b. Bought store equipment for cash, S3,900. C. Bought additional store equipment on account, S6,200. d. Paid $800 cash to partially reduce what was owed from Transaction c. Based on this information, record these transactions into the basic accounting equation. MADELINE'S NAIL SPA Transaction Cash Assets Store Equipment Liabilities Accounts Payable + Owner's Equity M. Abdul, Capital 17,000 17 000 (3,900) (6,200) (5400) (800) Total
Total assets (cash and store equipment) should equal total liabilities (accounts payable) plus owner's equity (M. Abdul, Capital), resulting in a balanced equation.
How do the given transactions impact the basic accounting equation for Madeline's Nail Spa, including changes in cash, store equipment, accounts payable, and owner's equity?To record the transactions into the basic accounting equation, we need to consider the impact on cash, assets, liabilities, and owner's equity.
Invested 17,000 cash from her personal bank account into the business:Transaction:
Cash Assets: +17,000
Owner's Equity (M. Abdul, Capital): +17,000
Explanation: When Madeline invests 17,000 cash from her personal bank account into the business, it increases the cash assets of the business by 17,000 and increases her owner's equity by the same amount.
Bought store equipment for cash, 3,900:Transaction:
Cash Assets: -3,900
Store Equipment Assets: +3,900
Explanation: The purchase of store equipment for cash reduces the cash assets by 3,900 and increases the store equipment assets by the same amount.
Bought additional store equipment on account, 6,200:Transaction:
Store Equipment Assets: +6,200
Accounts Payable Liabilities: +6,200
Explanation: The purchase of additional store equipment on account increases the store equipment assets by 6,200 and creates a liability in the form of accounts payable for the same amount.
Paid 800 cash to partially reduce what was owed from TransactionTransaction:
Cash Assets: -800
Accounts Payable Liabilities: -800
Explanation: When Madeline pays 800 in cash to reduce the accounts payable, it decreases both the cash assets and the accounts payable by 800.
Based on these transactions, the updated basic accounting equation is as follows:
Assets = Liabilities + Owner's Equity
Cash + Store Equipment = Accounts Payable + Owner's Equity
17,000 - 3,900 - 6,200 - 800 = 0 (Balanced equation)
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What is the least amount of money a student should receive when doing work
study?
о A. $6 an hour
о B. Federal minimum wage
OC. State minimum wage
D. $7 an hour
SUBMIT
The correct answer is B. Federal minimum wage. The Federal Work-Study program requires that students be paid at least the federal minimum wage, which is currently $7.25 per hour.
Some states have a higher minimum wage rate, so if the state's minimum wage is higher than the federal minimum wage, then the student would need to be paid at the higher state rate.
When there are conflicting minimum wage rates, employers are required to pay the higher rate. It is important to note that some types of workers, such as tipped employees and workers with disabilities, may have a different minimum wage rate under certain circumstances.
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Select the correct answer. Which of these is an essential element of a formal email? A. sender's website B. date line C. subject line D. sender's home address
Answer:
The answer is C.
Explanation:
Email is an electronic method of sending mail to a friend, family, colleague, business partners, suppliers etc.
According to this question, the essential element of a formal email is Subject line(option C). The subject line give us the clue of what will be in the body of the mail. The subject line is like the title or the headline.
Option A is not correct because it is not usually in the mail. And this is the reason for the other incorrect options too.
Answer:
The answer is C
Explanation:
normative economic analysis involves part 2 a. testable hypotheses by scientists. b. value judgments and opinions. c. purely descriptive statements. d. true statements of facts only.
Normative economic analysis involves option B) value judgments and opinions.
Normative economic analysis is a type of economic study that considers what should be or ought to be. This type of analysis differs from positive economic analysis because it does not focus on what is actually happening. Normative economics is concerned with how things should be, such as whether the government should increase or decrease taxes or whether people should save more money.
As a result, this type of analysis often involves value judgments and opinions about what is good or bad, right or wrong, and fair or unfair. Therefore, option B - value judgments and opinions - is the correct term.
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Create a Business Model Canvas for Innovative Marketing
Agency
(Marketing agency creates ads using holograms)
The Business Model Canvas (BMC) is a visual representation of the business model of an organization. BMC is a strategic management template that can be used to develop new business models or evaluate existing ones. BMC allows a company to describe, design, and evaluate a new or existing business model effectively. The following is a BMC for an innovative marketing agency that creates advertisements using holograms.
Key Partners
- Partners who supply hologram-related technologies
- Clients
- Marketing firms
- Advertisers
Key Activities
- Design and produce hologram-related advertisements
- Develop marketing campaigns
- Create market reports
- Develop and deliver new products/services
Value Proposition
- Provides innovative advertisement solutions using hologram technology
- Innovative advertising campaign development and implementation
- Customized market reports
- Provides a competitive advantage to clients
Customer Relationships
- Personalized advertising solutions
- Feedback and review
- Dedicated account manager
Customer Segments
- Advertisers
- Marketing firms
- Companies and organizations
- Small business owners
Key Resources
- Hologram-related technologies
- Skilled human resources
- Customer database
- Marketing and advertisement expertise
Channels
- Online advertisements
- Social media advertising
- Printed advertisements
- Events and conferences
- Exhibitions
Cost Structure
- Salaries and wages of employees
- Technology and equipment
- Research and development
- Office space
- Advertising and marketing expenses
Revenue Streams
- Service fees
- Advertising and marketing fees
- Commissions from partner sales
- Royalties from the use of hologram technology.
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state two reasons why newly born babies are out_doored only after some few days have passed
Answer:
TEMPERATURE, DISEASES, OR EXPOSED TO HARMFUL THINGS OUTSIDE
Explanation:
you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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In the context of work team processes, cooperative teamwork skills: Group of answer choices include the ability to have access to information for monitoring where the team and members are in the competition. include competitiveness and close monitoring. are those abilities that affect individual performance. are those activities essential to the effective interpersonal relationships within a group or a team.
Answer:
(D) include open communication, trust, personal integrity, positive interdependence, and mutual support.
Explanation:
With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything
So as per the given situation, the above should be the answer
why is each of the 4 factors of production important in running a business
Answer:
to run business sucessfully with out any type pf loss
The case mentions that making carbonated water isn’t particularly difficult. Based on porter’s model for industry analysis, this increases which competitive force?.
Based on porter’s model for industry analysis, this increases which the Threats of new entrants.
What is threat of new entrants?The threat of new entrants is known to be a risk liked with new competitor that produce for current companies in an industry.
This is said to often take place when a new company is said to be starting to sell a similar product or service based on the fact that they are an existing company.
See options below
Multiple Choice
rivalry among competitors
bargaining power of buyers
bargaining power of suppliers
threats of substitute products or services
threats of new entrants
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In Newfoundland and Labrador, employers in the fish purchasing
or wood harvesting industries remit their workers' compensation
premiums under which remittance schedule?
The remittance schedule for workers' compensation premiums in Newfoundland and Labrador can vary based on factors such as the industry, employer size, and specific regulations.
To accurately identify the remittance schedule for employers in the fish purchasing or wood harvesting industries, it is essential to consult the guidelines and regulations established by the relevant authorities in Newfoundland and Labrador.
The WorkplaceNL (Workplace Health, Safety and Compensation Commission of Newfoundland and Labrador) is responsible for overseeing the workers' compensation system in the province. Their official website provides detailed information about the remittance schedules and payment requirements for various industries.
Employers in the fish purchasing or wood harvesting industries should refer to the specific guidelines provided by WorkplaceNL to determine their remittance schedule for workers' compensation premiums.
Employers in these industries should consult the guidelines and regulations established by WorkplaceNL or seek guidance from appropriate authorities to determine the specific remittance schedule for workers' compensation premiums in Newfoundland and Labrador.
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the most obvious and distancing cultural distinction associated with newcomers to international business is
The most obvious and distancing cultural distinction associated with newcomers to international business can vary depending on the specific context, but generally speaking, it can be the way they communicate and interact with others.
In some cultures, direct communication is valued and expected, while in others, indirect communication is preferred. This can lead to misunderstandings and difficulties in building relationships, which are crucial for successful business interactions. Other cultural distinctions that can be challenging for newcomers include differences in social customs, values, and attitudes towards work and time management.
Developing cultural awareness and sensitivity can help newcomers navigate these differences and build positive relationships with their international business partners. Ultimately, a long answer to this question would require a deeper exploration of the specific cultural contexts and challenges that newcomers may face in international business.
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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.HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.
Answer:
D.the bank will foreclose on the home.
Explanation:
The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.
loukas is the ceo of a company that makes laundry detergent. even in this very competitive market, loukas acts with ________ to take actions that benefit the interests of society as well as the organization.
Loukas acts with social responsibility to take actions that benefit both the interests of society as well as his organization.
It is only acting with social responsibility that balances the interests of society with the interests of the laundry detergent organization.Social responsibility involves checking the resources organizational resources, dealing with social issues, and tackling social problems.Thus, when Loukas acts with social responsibility, it becomes for him to recruit and retain productive employees and achieve profit motives.
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Which sequence of HACCP principles is in the correct order?
A.
Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.
B.
Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.
C.
Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.
D.
Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.
E.
Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.
Answer:
B
Explanation:
Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .
The sequence of the first three of the seven principles are
1. Conduct hazard analysis to determine potential risks related to food protection
2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health
3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.
Answer:
B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP
Explanation: