The owner of a small company has 15 employees, where three employees earn R15 000, seven employees earn R10 000 and five employees earn R7 000. The owner's monthly salary is R2.
The total monthly salary bill for the 15 employees can be calculated as follows:3 employees earn R15 000 per month = 3 x R15 000 = R45 0007 employees earn R10 000 per month = 7 x R10 000 = R70 0005 employees earn R7 000 per month = 5 x R7 000 = R35 000Owner's salary = R2 000Total monthly salary bill = R45 000 + R70 000 + R35 000 + R2 000= R152 000
When working in a profession like teaching, law, or medicine, a salary is the money that an employee receives each month from their employer.
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sectoral shifts: group of answer choices depend on the level of the minimum wage. explain the payment of efficiency wages. depend on the level of the unemployment benefit level. make frictional employment inevitable.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral shifts make frictional unemployment inevitable.
Because their skills are no longer required or appropriate, those working in outmoded industries will not be able to find work in the rest of the economy when there are sectoral shifts. Structural unemployment results from this.
Sectoral shifts are modifications to how demand is distributed among industries or geographical areas. Sectoral transitions could result in unemployment because it takes time for workers to look for work in the new sectors.
Sectoral movements result in frictional unemployment since it takes time for people to switch industries.
Seasonal unemployment is the best way to characterize the transient unemployment brought on by such sectoral changes in the economy. Unemployment that results from a brief decline in a product's demand is known as seasonal unemployment.
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What is formed by organized groups of cells with similar structures and a common purpose?.
Cells grouped together into tissues have a similar structure and cooperate to carry out a certain task. Organs are made up of many tissues. An organ system is made up of various organs working together.
What is organ system?The integumentary, muscular, respiratory, digestive, nervous, endocrine, cardiovascular, urinary, and reproductive systems are among the 11 organ systems.
Other organ systems include the lymphatic, skeletal, muscular, lymphatic-lymphatic, respiratory, and digestive-gastro-intestinal-nervous systems.
A group of organs that cooperate to carry out one or more functions is known as an organ system in biology. Each organ in a plant or animal body is composed of certain tissues and serves a specific purpose.
Muscular system and skeletal system.digestive system and muscular system.reproductive system and endocrine systemurinary system and cardiovascular system.To learn more about organ systems refer to:
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a blockchain can be used to record transaction information to a ledger that contains digital _____ contracts.
A blockchain is a decentralized digital ledger that allows for secure and transparent record-keeping of transactions. This technology is often associated with cryptocurrencies such as Bitcoin, but it has many potential use cases beyond just digital currency.
One of the key features of a blockchain is its ability to store digital contracts or smart contracts. Smart contracts are self-executing contracts with the terms of the agreement written directly into lines of code. These contracts are stored on the blockchain and automatically enforce the terms of the agreement when certain conditions are met.
Smart contracts can be used in a variety of industries to automate and streamline business processes. For example, they can be used in supply chain management to automatically trigger payments when certain conditions are met, or in real estate to automatically transfer ownership of a property when the conditions of the sale are met.
The use of smart contracts on a blockchain allows for greater transparency and security in transactions, as all parties involved can see the terms of the contract and the details of the transaction in real-time. Additionally, the use of blockchain technology eliminates the need for intermediaries such as banks or lawyers, which can reduce costs and increase efficiency.
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Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50. True or false?
The statement Henry Ford paid his workers $5 a day in 1914 when the CPI was 10. Today with a price index at 177, the $5 a day is worth $88.50 is FALSE.
To determine the value of $5 in 1914 in terms of today's purchasing power, we need to adjust it for inflation using the CPI (Consumer Price Index). The CPI is a measure of the average change over time in the prices paid by urban consumers for a basket of goods and services. According to the Bureau of Labor Statistics, the CPI in 1914 was 10, while in 2021 it was 273.
To calculate the inflation-adjusted value of $5 in 1914, we can use the following formula:
(1914 CPI / 2021 CPI) x $5 = inflation-adjusted value of $5 in 1914
Plugging in the numbers, we get:
(10 / 273) x $5 = $0.18
Therefore, $5 in 1914 is equivalent to about $0.18 in 2021 dollars. This means that the $5 a day that Henry Ford paid his workers in 1914 would be worth about $177.50 today, not $88.50 as stated in the original statement.
It's worth noting that $5 a day was a relatively high wage for factory workers in 1914, and Ford's decision to pay his workers well helped him attract and retain a loyal workforce. However, the value of that wage has decreased significantly due to inflation over the past century.
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A fixed income security where the borrower, like a government or corporation, agrees to
pay back the investor/lender with a certain interest rate and duration, is called:
debit card
the gold standard
a bearer
a bond
Answer:
A bond
Explanation:
what is a business plan
Answer:
a document setting out a business's future objectives and strategies for achieving them
Explanation:
Economists mostly argue that skill-biased technological change is a better explanation for the global rise in income inequality than international trade. True False
True. Economists generally argue that skill-biased technological change has been a more significant driver of the global rise in income inequality compared to international trade.
Skill-biased technological change refers to technological advancements that disproportionately benefit high-skilled workers, leading to an increase in their wages and income. This phenomenon has contributed to the growing wage gap between skilled and unskilled workers. While international trade can also have an impact on income inequality, the consensus among economists is that technological change has played a more significant role in driving inequality trends.
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An innovative business idea that no one has never had
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Emilee is the head of a large veterinary hospital. She takes care of many duties to keep the hospital up and running. That is why Emilee has put Alonzo in charge of Human Resources. What types of duties might Alonzo have in this position? Does allowing Alonzo to handle things like hiring new vet techs or filing the employee health insurance forms mean that Emilee does not care about the hospital? Explain how Alonzo’s position benefits Emilee in her job.
Answer:
The Human Resources (or ‘HR’) Management pathway focuses on the staff of a company. They work on planning, recruiting, hiring, training, safety, and overall employee development
Emilee have to worry about doing anything reltaed to that because she hired alonzo
The company's employees are the main focus of the Human Resources Management pathway. They are engaged in planning, hiring, training, ensuring staff safety, and general employee development. Because Emilee employed Alonzo, she must worry about taking any action related to that.
What is Human Resources Management?The effective and efficient administration of people inside a company or organization in such a way as to give their firm a competitive advantage is known as human resource management. It is made to maximize worker performance in support of a company's strategic goals.
The practice of recruiting, hiring, assigning, and managing personnel is known as human resource management (HRM). Frequently, HRM is referred to as just "human resources" (HR).
Payroll processing, job description authoring, workplace policy creation, and benefit procurement are all common tasks in HR administration.
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A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers
What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.
What is personal hygiene?Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.
The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.
Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.
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what is the meaning of cheque stub
Answer:
A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount. ... A check stub is the part of a check that is kept by the payee with information such as the check number, date, and amount.
plastic packaging tends to be cheaper, more versatile, and more consumer-friendly than paper packaging. true false
The assertion is accurate. Paper packaging typically costs more, is less flexible, and is less consumer-friendly than plastic packaging.
In order to be more environmentally friendly, many businesses are deciding to use paper packaging rather than plastic packaging, especially with the new plastic tax set to go into effect in 2022. But using paper instead has its own environmental drawbacks.
For instance, the production of cardboard uses a lot of water, produces emissions, and, if it is not obtained responsibly, may contribute to deforestation. Additionally, recycling is challenging if it has been polluted by food or other trash.
Plastics were accidentally created in 1907, but they gained popularity in the 1950s after high-density polyethylene was developed. Fossil fuels, which are obviously a non-renewable source, are used to make plastics. Since feedstock for the production of plastics accounts for an estimated 4% of global oil production, plastic is seen as a poor material in terms of sustainability and renewable resources.
The issue is that because plastic offers so many benefits in modern life, it might be impossible to totally eliminate it.
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During the first few months of operating a new business, the cash flow is usually:
positive
unknown
estimated
negative
The balance on a credit card, that charges a 15.5% APR interest rate, over a 1 month period is given in the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
answer is $3.34
If the balance on a credit card, that charges a 15.5% APR interest rate. finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
How to finance charge?To calculate the finance charge for the credit card over the 1 month period, we need to calculate the average daily balance and then apply the interest rate. Here are the steps to follow:
Step 1: Calculate the number of days in each period.
Days 1-5 = 5
Days 6-20 = 15
Days 21-30 = 10
Step 2: Calculate the average daily balance for each period.
Average daily balance for days 1-5 = $200
Average daily balance for days 6-20 = ($200 x 5 + $350 x 15) / 20 = $305
Average daily balance for days 21-30 = ($200 x 5 + $350 x 15 - $150 x 10) / 30 = $225
Step 3: Calculate the weighted average daily balance for the entire month.
Weighted average daily balance = (average daily balance for days 1-5 x 5) + (average daily balance for days 6-20 x 15) + (average daily balance for days 21-30 x 10) / 30
Weighted average daily balance = ($200 x 5 + $305 x 15 + $225 x 10) / 30 = $263.33
Step 4: Calculate the finance charge for the month.
Finance charge = weighted average daily balance x daily periodic interest rate x number of days in the billing cycle
Daily periodic interest rate = APR / 365 = 15.5% / 365 = 0.0004247
Finance charge = $263.33 x 0.0004247 x 30 = $3.36
Therefore, the finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
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"In a perfectly competitive market with identical firms, a permanent positive demand
shock (an event that causes demand to change) leads to a permanent increase in the price in
the long run." T/F
True, in a perfectly competitive market with identical firms, a permanent positive demand shock will lead to a permanent increase in price in the long run.
This is because in a perfectly competitive market, all firms are price takers and have no control over the market price. The market price is determined by the intersection of the market demand and supply curves.
When there is a permanent positive demand shock, the market demand curve shifts to the right, leading to an increase in both the market price and quantity. However, in the short run, firms may not be able to adjust their production capacity to meet the increased demand, so they may experience a temporary increase in profits due to higher prices. But as more firms enter the market or existing firms expand their production, the market supply curve will shift to the right, increasing output and reducing the price back down to the long-run equilibrium level.
In the long run, the increase in demand persists, and the market price will remain permanently higher than before the demand shock. Firms will continue to produce at the same level of efficiency and with the same technology, but they will earn higher profits due to the higher market price. Therefore, in a perfectly competitive market with identical firms, a permanent positive demand shock leads to a permanent increase in price in the long run.
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isabella’s landlord has included a clause in the rental contract that makes it possible for him to increase isabella’s monthly rent if taxes on the property go up. which clause was included in the contract?
Answer:
Escalator clause
Explanation:
All of the following are examples of product-level costs except:
A. product inspection costs.
B. product advertising costs.
C. engineering design costs.
D. patent costs.
Product-level costs are the costs that are directly related to the production and manufacturing of a particular product or service. These costs can include direct material costs, direct labor costs, and manufacturing overhead costs. However, not all costs that are related to the production of a product are considered product-level costs.
The answer to the question is B. Product advertising costs. These costs are not directly related to the production process of a product. Instead, they are considered period costs or operating expenses because they are incurred to promote and market the product to potential customers. Product inspection costs, engineering design costs, and patent costs are all examples of product-level costs because they are incurred during the production process of a product.
Product inspection costs are incurred to ensure that the final product meets the desired quality standards. Engineering design costs are incurred during the product development phase to design and develop a product that meets the desired specifications. Patent costs are incurred to protect the product from being copied or imitated by competitors.
In conclusion, it is important for businesses to identify and differentiate between product-level costs and period costs to accurately calculate the cost of goods sold and determine the profitability of their products.
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several different values can be considered when determining how much insurance should be carried on a dwelling (the coverage a limit of the homeowners 3 policy). the appropriate value that should be used is:
There are several different values that can be considered when determining how much insurance should be carried on a dwelling. So, the home's replacement cost is the appropriate value that should be used for determining the insurance.
Insurance to Value also known as ITV is a concept used by insurer to determine how much of your home's rebuilding cost or pay for losses are covered under the homeowners' policies. While the TIV or Total Insurable Value generally can be described as a value of inventory, property, business income, and equipment covered in an insurance policy.
The difference between insurance value and market value is insurable value does not include the cost of acquiring a land. The insurable value is based on the amount required for hiring contractor to build replacement and purchasing building material.
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Help wit Biz Kidz Assignment plz.
Fill in the blank:
You create your ____________ by how you behave over time.
Answer choices:
Scruples
Code of ethics
Ethical Dilemmas
Answer:
Code of ethics
Explanation:
A code of ethics is a guide of principles designed to help professionals conduct business honestly and with integrity. A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization's core values, and the standards to which the professional is held.
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Have you ever considered designing a program to help people? Here is your chance. Follow the instructions below to design some of the important elements of your own human services program.
Create a mission statement specific to what you are setting out to accomplish.
Consider the following questions and make notes:
What is the need?
Why do people need your organization?
Who will your organization help?
What is your service population?
Where will these services be made available?
How will you inform people of your services?
List Objectives/Tasks
Immediate
Objective 1: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Long Term
Objective 2: How will you complete this task? (Include logic and reasoning behind the objective: how long do you expect it will take your organization to succeed at accomplishing your objective?)
Staff
How many direct service positions are available? What positions are they?
How many program-planning and design positions are available? What positions are they?
How many administrative positions are available? What positions are they?
What is the total number of staff members needed?
Budget
Define the needs of your organization, such as supplies, equipment needed, property, etc. What role will fundraising play in budget planning?
Evaluation
Design a method for monitoring your progress. Explain the details of how you intend to use this tool to ensure that you are on track for accomplishing your goals for your organization.
Name
Finally, after considering the nature of your organization, develop a name for it.
Make a presentation of your organization's mission statement, goals, target population, principles, etc. This can be in the form of a four-hundred-word essay, a three-page outline, or a graphic representation such as a chart.
To create a human services program, you must first develop a business plan that aligns with your needs and then create the mission statement.
How to create a business plan?It corresponds to a document used to identify all the needs of a new business, such as its risks, resources, legal requirements, mission, personnel needs, etc. successful.
The mission statement is developed to be the statement of the identity of a business in the market, that is, it is a summarized document that demonstrates the reason for the existence of the business, who are its stakeholders and what are the company's values.
Therefore, questions like "What is the need?" and "Why do people need your organization?" will serve as a guide that will direct the creation of the business plan and mission statement in a way that is more aligned with your objectives.
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After reading through these pages and completing some of the activities, do you believe the decision to start a new business is a good one or would you advise that person to continue looking for employment? What are your reasons for coming to this conclusion?
Incomplete question. I answered from a general perspective.
Answer:
Yes, if circumstances allow
Explanation:
While it may be best for someone to start a new business rather than go on looking for employment, it is also not always going to be the best option for some other person.
However, here are some advantages/benefits of starting a new business instead;
Become your own boss. By so doing you become self-employed; having the ability to control how to run your business. Gives you the privilege of earning additional personal income.Work flexible hours.Could someone help me please?
Answer: Yes Definitely. But i need the question
Explanation:
you can get the solution on Brainly straightly.
The growers of Sunny Day Citrus have determined that their chief priority for choosing a transportation mode within the United States is achieving a quick transit time (lowest). However, due to low margins, low cost and the highest level reliability must also be taken into consideration. In light of these considerations, Sunny Day Citrus should use _____ to ship their oranges.
Answer:
Rail transportation
Explanation:
Considering the situation described above in the questions, Sunny Day Citrus should use RAIL TRANSPORTATION to ship their oranges.
There are basically four means of shipping goods, these include road, maritime, rail, and air shipment.
However, considering the need to achieve quick transit time, low margins, low cost, and the highest level of reliability the best means of use is RAIL TRANSPORTATION.
This is because while Air shipment is the fastest, it is the most expensive. Also, the Maritime or Ship may be the lowest in terms of cost, but since it is within the United States, it would be relatively expensive compared to rail and also is the slowest in terms of transit time.
Similarly, the road may be faster and relatively cheaper compared to air, but not as cheaper compared to the rail in a long distance.
Rail transportation offers cheaper, low margins, reliability as it is difficult to have accidents and robbery of such commodities inside the train. It is also quite faster compared to ship.
Hence, in this case, the right answer is RAIL TRANSPORTATION
Mary Walket, president of Rusco Products, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at the end of 2009 . Because the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker.
The following additional information is available for the year 2009.a. Dividends totaling $9,000 were declared and paid in cash.b. Equipment was sold during the year for $8,000. The equipment had originally cost $20,000 and had accumulated depreciation of $ 10,000.c. The decrease in the Preferred Stock account is the result of a conversion of preferred stock into an equal dollar amount of common stock.d. Long-term investments that had cost $ 20,000 were sold during the year for $30,000.Required:Explain the major reasons for the decline in the company's cash balance.
1. Rusco Products
Statement of money Flows (Indirect Approach)
For the year ending New Year's Eve , 2015
Cash flows from operating activities:
Net income $30,000
Add (deduct) non cash effects on operating income
Depreciation expense $20,000 Movement in Account Depreciated account: - $50,000 - $10,000 = $40,000 - $60,000
Gain on sale of investment = $(10,000)
Loss on sale of kit = $2,000
Increase in deferred taxes = $8,000
Increase in assets = $(40,000 ) An increase should be deducted because it implies that not all sales were received in cash
Increase in inventory = $(50,000 ) a rise is deducted because cash was invested in inventory
Decrease in prepaid expenses = $4,000 A decrease are going to be added because no all expenses were paid in cash
Increase in accounts payable $63,000 a rise will be added as it implies that cash was generated from supplier credit
Decrease in accrued expenses $(9,000 ) A decrease is deducted as cash was spent to settle it
Net cash provided by operating activities $18,000
Cash flows from investing activities
Proceeds on sale of investment 30,000
Proceeds on sale of kit= 8,000
Purchase of kit = $(150,000 )
Movement in Plant and Equipment account: - $300,000 - $20,000 = $280,000 - $430,000
Net cash employed by investing activities =$(112,000)
Cash flows from financing activities:
Bonds issued 70,000
Proceeds from issuing stock = $20,000
Movement in common shares acc: - $250,000 + $(96,000 - $80,000 = 416,000) = $266,000 - $286,000
Dividends paid= $(9,000)
Net cash provided by financing activities = $81,000
Net decrease in cash =$(13,000)
Cash balance at January 1, 2015 = $21,000
Cash balance at New Year's Eve , 20= $8,000
2. The free income can be calculated from the cash flow statement like this:
Operating income =$18,000
Less: Capital expenditures =(112,000)
= Free income= $94,000
3. we will see from the cash flow statement that the company:
Managed to get a positive cash flow from operations despite the heavy investment in inventories and the increase in accounts receivable by increasing its trade credit.
The cash position declined though, due to the e purchase equipment es that was in excess of the amount raised from he bond issue.
Cash Flow Statement by the Indirect Method:
The income statement is one of the fundamental financial statements. In it, the state of the cash asset of a corporation is analyzed by reporting on how much cash was used y or provided by operating, investing, and financing activities.
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
six years ago, mr. ahmed loaned $10,000 to a neighbor in exchange for an interest-bearing debt obligation. this year, the neighbor informed mr. ahmed that he was defaulting on the debt. what are the tax consequences to mr. ahmed of this bad debt? multiple choice $10,000 ordinary loss no loss recognized $10,000 short-term capital loss $10,000 long-term capital loss
The tax consequences to Mr. Ahmed of this bad debt is $10,000 short-term capital loss. So, option (d) is relevant.
Give a brief account on bad debts.Amounts of money that a creditor must write off as a result of a default on the side of the debtor are referred to as bad debts. If a creditor keeps track of bad debts, they become uncollectible and are noted as charge-offs. All companies that offer credit to clients must account for the possibility of bad debt since there is never a guarantee that a payment will be made. These companies can determine how much of their receivables may become uncollectible by utilizing either the percentage of sales technique or the accounts receivable (AR) aging method.
Any credit given by a lender to a debtor that has no chance of ever being repaid, in full or in part, is considered a bad debt. Any lender, whether a bank or other financial institution, a supplier, a vendor, or another entity, may have bad debt on their books. Bad debts come to be as a result of the debtor's inability or refusal to pay due to bankruptcy, financial hardship, or negligence. Before deciding that a bad debt is uncollectible, these companies may pursue all available legal and collection options.
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Which of the following correlation coefficients is the strongest? a. -48 b. 45 c. −26 d.42
When assessing the strength of a correlation coefficient, it is important to consider its absolute value. The absolute value disregards the sign (+ or -) and only focuses on the magnitude of the coefficient. The closer the absolute value is to 1, the stronger the correlation.
In the given s, the correlation coefficients are -48, 45, -26, and 42. By comparing their absolute values, we find that the absolute value of -48 is the highest. This means that the correlation represented by -48 is the strongest among the s provided.
It's important to note that the negative sign in front of the correlation coefficient indicates a negative correlation, meaning that as one variable increases, the other tends to decrease. Positive correlations, on the other hand, indicate that as one variable increases, the other also tends to increase.
In summary, the strongest correlation among the given s is represented by a. -48, indicating a strong negative relationship between the variables being examined.
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Using the concept of the bullwhip effect explore how Zara and H&M can tackle harmful effects during the pandemic and post-pandemic period
The bullwhip effect is said to take place when retailers are said to be very reactive to demand, and as such increases expectations around it, which leads to a domino effect along the supply chain.
Zara and H&M can handle any harmful effects in course of the pandemic/after pandemic by making sure that retail and manufacturing work together and also avoid shortage.Others are:
The use of Real-time data aggregation.There should be Communication with vendors and suppliers The Onboarding of new suppliers needs to be simple, and fastThe effect of Bullwhip ?The Bullwhip effects can take place when retail and manufacturing are said to be not in good terms with one another and thus leads to unpredictable demand.
It has brought about Shortages in course of during the pandemic, such as retail flour shortages, etc.
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