Answers
"The auditor should communicate significant internal control related matters no later than 60 days after the report release date," is the TRUE statement concerning an auditor's communication of internal control. Thus, Option D is correct.
According to the Generally Accepted Auditing Standards (GAAS), the auditor must communicate significant internal control related matters identified during an audit of a non-issuer to management and those charged with governance in writing no later than 60 days after the report release date.
This communication should include the nature of the deficiency, its potential effect on the financial statements, and the recommended actions to address the issue. It is important to note that significant deficiencies or material weaknesses cannot be ignored or presumed to have been understood by the audit committee, and the auditor must communicate them each year until they are remediated.
Additionally, the communication should not be combined with other documents that discuss unrelated matters, such as business strategies or administrative efficiencies.
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Related Questions
Brent was thinking about starting a landscaping business. He was concerned that the high unemployment rate in his community would affect the number of people who could afford his service.
Which of the following external business environments is Brent taking into consideration?
Answers
Brent is considering the economic environment when he is concerned about people's inability to afford landscaping businesses due to high unemployment.
What constitutes an economic environment?The economic environment includes all external factors that can influence commercial and consumer behavior, including consumer purchasing power. These factors are beyond any company's control. Unemployment is one of the macroeconomic factors that can have a significant impact on a company's performance.
The unemployment rate is directly proportional to the landscape business because it determines a consumer's affordability power and, as a result, their behavior toward a specific business.
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Roles and responsibility of central management(business policy)
Answers
Answer:
The Four Functions of Management: What Managers Need to Know
Planning. One main role of a manager is creating a plan to meet company goals and objectives. ...
Organizing. ...
Leading. ...
Controlling. ...
How to Develop Key Management Skills. ...
Work to Develop Your Management Skills With an MBA.
what are the types of wholesaler?
Answers
Answer:
1. merchant
2. agent and brokers
Explanation:
Merchant wholesalers buy from manufacturers and sell to other businesses. Agents and brokers are essentially independents who provide buying and selling services.
Activity-Based Product Costing
Sweet Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:
Activity Budgeted Activity Cost
Production $471,200
Setup 310,800
Inspection 81,000
Shipping 156,000
Customer service 65,500
Total $1,084,500
The activity bases identified for each activity are as follows:
Activity Activity Base
Production Machine hours
Setup Number of setups
Inspection Number of inspections
Shipping Number of customer orders
Customer service Number of customer service requests
The activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows:
Machine Hours Number of
Setups Number of
Inspections Number of
Customer Orders Customer
Service
Requests Units
White sugar 3,340 180 200 780 50 8,350
Brown sugar 2,130 270 300 2,150 320 5,325
Powdered sugar 2,130 250 500 970 130 5,325
Total 7,600 700 1,000 3,900 500 19,000
Each product requires 0.9 machine hour per unit.
Required:
If required, round all per unit amounts to the nearest cent.
1. Determine the activity rate for each activity.
Production $ per machine hour
Setup $ per setup
Inspection $ per move
Shipping $ per cust. ord.
Customer service $ per customer service request
2. Determine the total and per-unit activity cost for all three products.
Total Activity Cost Activity Cost Per Unit
White sugar $ $
Brown sugar
Powdered sugar
3. Why aren’t the activity unit costs equal across all three products since they require the same machine time per unit?
The unit costs are different because the products consume many activities in ratios different from the .
Answers
no matteehow much times i read this is still cant process this
Which of the following is a disadvantage of the sole proprietorship form of ownership?
Question 2 options:
A)
Split responsibility
B)
Unlimited liability
C)
Limited liability
D)
Control over the business
its not unlimited liability that's what I put and I got it wrong
Answers
Answer:
D.......... .................... .. . . ...... ..........
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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The economy of the United States can be best described as
a) a mixed economy
b) a command economy
c) a mixed economy, but predominantly command and tradition
d)
a pure free marker
Answers
Answer:
A a mixed economy.
Explanation:
The asnswer is a mixed economy
Hopefully it helps
A steam generation system at a biomassfueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. The power plant has consistently made use of the same type of ESP over the past several years. The installed cost of a new ESP has been relatively constant at $80,000. Records of operation and maintenance expenses indicate the following average expenses per year as a function of the age of the ESP. The MVs of the ESP are also reasonably well known as a function of age. Determine the best time to replace the ESP if the MARR
is 15% per year
Answers
A steam generation system at a biomass-fueled power plant uses an electrostatic precipitator (ESP) to clean its gaseous effluents. the best time to replace the ESP is mathematically given as
EUAC3= 46377.48
What is the best time to replace the ESP if the MARR is 15% per year?Generally, the equation for the EUAC for the yrs of operation is mathematically given as
For Year 1
EUAC1 = 85000 * (A/P,9%,1) + 25000 - 63000 * (A/F,9%,1)
EUAC1 = 54650
Solving till year 5
EUAC2= 46525.60
EUAC3= 46377.48
EUAC4= 48730.91
EUAC5= 50730.79
In conclusion, the best time to replace the ESP if the MARR is 15% per year will be at the EUAC3= 46377.48 since EUAC is the lowest at that year.
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4. Credit unions are for-profit organizations. True False
Answers
Answer:
False
Explanation:
Credit unions are not-for-profit organizations that exist to serve their members.
"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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which two aspects of continuous delivery pipeline require the most involvement from product managers
Answers
Answer:
Release on Demand and Continuous Exploration
Explanation:
The question above is a topic on the Continuous Delivery Pipeline which is done to limit errors in the automation of software from stages they are tested to a more complete production stage for end-users. There are four aspects in the Continuous Delivery Pipeline starting from the Continuous Exploration aspect and ending with the Release on Demand aspect while having Continuous Integration and Continuous Deployment as the second and third aspects respectively.
Release on Demand and Continuous Exploration requires the most involvement from product managers as:
Release on Demand makes product managers focus on how new production is strategically always available for end-users based on demand. This makes product managers have the awareness of the performance and demand of their products in the market.
Furthermore, Continuous Exploration needs product managers as this aspect is crucial in the birthing of new products for the market. This requires product study, market research, and other tasks for product managers.
While the other two stages need the involvement of product managers less as these stages move from the implementation of ideas and Integration of products to ready for deployment of products to end-users.
Timothy Jenkins spent six years at Hartford Mills, a company that takes a strong stand against unionization. Though Timothy's designation was that of a production supervisor, as the company grew, he also took on additional duties like keeping a check on employee safety, ensuring that legal measures are followed, and implementing programs for labor welfare that the company planned. Many believed that Timothy was doing a great job for the company, and so it came as a surprise when Timothy was rumored to face severe disciplinary action, as he was encouraging the workers to join a union. However, he was let off with a mere warning. Which of the following, if true, would explain this paradox? A) The management had recently instituted a formal employee welfare committee. B) Timothy stressed the fact that he was a meticulous worker who always adhered to company policies. C) The management had recently moved from an open shop mechanism to a closed shop mechanism. D) Timothy claimed that he was only looking to ensure
Answers
If Timothy's assertion that he just wished to improve employee welfare—one of the responsibilities given to him by the company—were accurate, it would explain the paradox.
A paradox is a statement that appears to be in opposition to logic or common sense yet may nevertheless be accurate.
A paradox is a versatile technique that may be employed in writing or speech, as well as singly or in a group of other paradoxes. It can also have positive or negative implications. Read these quotations and examples to learn more about what a paradox is and how it might be applied.
Let's examine some traditional examples. The pigs in George Orwell's Animal Farm came up with this maxim. The statement is paradoxical because nothing is the same.
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a) Why is ethical relativism considered to be self-contradictory?
b) Explain conceptual muddles with an example.
Answers
Answer:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
Explanation:
El relativismo no puede ser contradictorio porque no afirma ni niega nada. La expresión de una actitud moral consiste en valorar la diversidad.
what is business ?please explain about it
Answers
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
Why does each generic business model require a different set of business-level strategies?
Answers
Hope it helps!:)
Need help on these please
Answers
Sales tax and VAT are both examples of indirect taxes, which are levied by the seller at the time of sale and paid or sent to the government on the buyer's behalf. Thus option (B) is correct.
What is government?The term government refers that the system which was governed by a state or a country in it, we see there are different governments are being there in states the government is made by the people and govern for the people also in it. There is a system being made and under the system, the government is being run.
A consumption tax that charges consumers for their purchases. Because sales taxes are typically passed on to customers at the moment of sale, it is classified as a consumption tax. A sales tax is an example of an indirect tax, meaning it is not paid to the government directly like an income tax is.
Therefore, Thus option (B) is correct.
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M&M's Proposition II suggests that in a world of no taxes and no bankruptcy, ________. A. in simple terms, as the firm adds more debt to the financing mix, the shareholders require a higher and higher return on equity such that it exactly offsets the use of the cheaper debt B. no matter what the debtequity ratio is, the Ra or WACC of the firm increases with debt C. the value of the firm is sensitive to the funding choice between debt and equity D. Statements A, B, and C are all incorrect.
Answers
Answer:
A
Explanation:
The___ represents the cost of a loan and is expressed as a percent of the amount borrowed
A-CPI
B-interest rate
C-principle
D-supply
Answers
Answer:
I’m pretty sure it’s B. interest rate
The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)
Answers
The net cost of the item, after applying the series trade discount, is $63.41.
To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.
Let's break down the discounts:
The first discount is 10%.The second discount is 10%.The third discount is 19%.To find the net cost, we need to calculate the price after each discount.
Step 1: Apply the first discount of 10%
List price - (10% of list price)
List price - (10/100 * List price)
List price - 0.1 *
List price = 0.9 * List price
Step 2: Apply the second discount of 10%
0.9 * List price - (10% of 0.9 * List price)
0.9 * List price - (10/100 * 0.9 * List price)
0.9 * List price - 0.09 * List price
0.81 * List price
Step 3: Apply the third discount of 19%
0.81 * List price - (19% of 0.81 * List price)
0.81 * List price - (19/100 * 0.81 * List price)
0.81 * List price - 0.1539 * List price
0.6561 * List price
Now, to find the net cost, we multiply the list price by the result of the series of discounts:
Net cost = List price * 0.6561
Given that the list price is $96.60, we can calculate the net cost:
Net cost = $96.60 * 0.6561
Calculating this, we find:
Net cost = $63.41 (rounded to the nearest cent)
Therefore, the net cost of the item, after applying the series trade discount, is $63.41.
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Does anyone know how to do this worksheet? I’m very confused.
Answers
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
What is the main reason that people purchase insurance policies?
A. they want to reduce the cost of their student or personal loans.
B. They want to avoid paying for major unexpected expenses.
C. They want to avoid increasing their monthly premiums
D. They want to invest money in insurance to grow it over time
Answers
Option B is correct. The main reason that people purchase insurance policies is because they want to avoid paying for major unexpected expenses.
What is an insurance policies?An insurance policy can be defined a contract between the insurer and the policyholder which determines the claims which the insurer is legally required to pay. The policy is enforced in an exchange for an initial payment known as the premium in which the insurer promises to pay for loss caused by perils covered under the policy language.
Most of the insurance contracts are designed to meet specific needs and thus have many features not found in many other types of contracts. Because these insurance policies are standard forms, they often feature boilerplate language which is similar across a wide variety of different types of insurance policies.
Some examples of the popular insurance policies includes a Life Insurance, Health Insurance, Disability Insurance, Homeowner's Insurance, Automobile Insurance, Liability Insurance etc,
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The PV of a value in year i is:
the value in year i divided by one plus the Rate, raised to the power of i.
the value in year i divided by one raised to the power of i plus the Rate. $291
the value in year i raised to the power of i divided by one plus the Rate. $292
None of the above
Answers
The PV of a value in year i is: the value in year i divided by one plus the Rate, raised to the power of i. Therefore, the correct answer is $291.
What is PV?The acronym PV pertains to the representation of the current worth of future payments or receipts, commonly referred to as Present Value. The present value, as a financial concept, pertains to the valuation of a forthcoming sum of money while considering the time value of money and the likely interest or discount rate.
Stated differently, the present value denotes the monetary value required presently in order to match the expected future monetary sum, on the basis of a specified interest or discount rate.
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Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales
revenue is $160,000 with total costs of $90,000, and the low sales revenue is
$96,000 with total costs of $58,000. What is the fixed cost and the variable
percentage per dollar of sales revenue?
$9,750 fixed and 32.5% per dollar of sales revenue
$10,000 fixed and 50.0% per dollar of sales revenue
$6,750 fixed and 32.5% per dollar of sales revenue
$4,240 fixed and 56.0% per dollar of sales revenue
Answers
The fixed cost and the variable percentage per dollar of sales revenue Option B. $10,000 fixed and 50.0% per dollar of sales revenue.
To determine the fixed and variable costs using the high-low method, we start by identifying the difference between the high and low sales revenue and the corresponding total costs.
High sales revenue: $160,000
Total costs at high sales revenue: $90,000
Low sales revenue: $96,000
Total costs at low sales revenue: $58,000
Next, we calculate the difference in sales revenue and total costs:
Change in sales revenue = $160,000 - $96,000 = $64,000
Change in total costs = $90,000 - $58,000 = $32,000
The fixed cost can be obtained by subtracting the variable cost component from the total costs at either the high or low sales revenue. Let's use the high sales revenue figures:
Fixed cost = Total costs at high sales revenue - (Variable cost per dollar of sales revenue * High sales revenue)
Fixed cost = $90,000 - (Variable cost per dollar of sales revenue * $160,000)
Using the information provided, we can solve for the variable cost per dollar of sales revenue:
Change in total costs = Variable cost per dollar of sales revenue * Change in sales revenue
$32,000 = Variable cost per dollar of sales revenue * $64,000
Variable cost per dollar of sales revenue = $32,000 / $64,000 = 0.5 or 50.0%
Now, substituting this value back into the equation for fixed cost:
Fixed cost = $90,000 - (0.5 * $160,000)
Fixed cost = $90,000 - $80,000 = $10,000
Therefore, the correct answer is option B: $10,000 fixed cost and 50.0% per dollar of sales revenue.
The question was incomplete, Find the full content below:
Question 20 (2 points)
Using the high-low method, what are the fixed and variable costs if the high sales revenue is $160,000 with total costs of $90,000, and the low sales revenue is $96,000 with total costs of $58,000? What is the fixed cost and the variable percentage per dollar of sales revenue?
A. $9,750 fixed and 32.5% per dollar of sales revenue
B. $10,000 fixed and 50.0% per dollar of sales revenue
C. $6,750 fixed and 32.5% per dollar of sales revenue
D. $4,240 fixed and 56.0% per dollar of sales revenue
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Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Select the correct answer
Which is the best definition of manageable?
A Asking for help from others
B Making a plan
C Breaking down a big goal into smaller pieces
D Creating multiple goals
Answers
Answer:
c
Explanation:
Producing goods and services and paying taxes are two ways that businesses:
Answers
Producing goods and services and paying taxes are two ways that business: benefit society.
What is taxation?Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
The types of tax.In Economics, there are different types of tax levied on individuals or business firms by the government, and these include the following:
Sales taxProperty taxIncome taxIn this context, we can infer and logically deduce that the two ways through which business firms benefit society are by producing goods and services and paying taxes to the government.
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Ethics Student Activity Packet
In this lesson, you will learn to:
- Define what ethics is
- Explore some of the ethical dilemmas our society faces, such as those posed by self-driving cars
- Analyze a number of ethical dilemmas and recommend how the people in these situations should proceed
NOTE: Vocabulary for this unit can be found in the NGPF Personal Finance Dictionary
RESOURCES
Discussion Prompts
Write your responses to the questions. Then, share what you wrote with your classmates or a partner.
QUESTIONS
1. How do you know if a behavior or action is right or wrong?
Answers
A behavior or action is right or wrong due to the fact that it is a specific kind of action, that tends to fits in with some principles or rules, and can also say the behavior is right or wrong due to the fact that it brings about good or negative consequences.
How do we know good and bad behavior?We must first comprehend what we mean when we speak about right and wrong in order to taken in how to acquire moral understanding.
Therefore, one can make use of Conscience-Based Action: Ethical Knowledge. It is seen as a more prevalent viewpoint that exists that is not too dissimilar from that. It is the notion that by paying attention to our conscience, we can determine what is morally right and wrong. What determines whether anything is right or wrong is that still, small voice within of us.
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four activities or services that make trade easy
Answers
Answer:
The activities are:
1. Transport
In the cutting edge times there is a tremendous distance between places of creation and the places of utilization. This trouble is eliminated by a significant guide to exchange known as Transport.Transport makes place utility.
2. Communication
Communication implies sending or trade of data starting with one individual then onto the next.
Communication can be oral or recorded as a hard copy. It is important to impart data starting with one then onto the next to finish and settle the terms of deals, for example, costs of products, markdown permitted, the office of credit, and so forth
3. Banking
Banking tackles the issue of money. Finance managers get cash and furthermore pays cash in huge sums. It is unsafe to convey a lot of money starting with one spot then onto the next. Here comes Banking as an answer. Banking and monetary organizations take care of the issue of installment and encourage a smooth trade among purchaser and dealer. The finance managers may likewise require present moment and long haul reserves. Banks give such account to money managers.
4. Advertising
Advertising fills the information hole and it unravels the trouble of data. Trade of merchandise and ventures conceivable just if makers can carry the items to the customers. Advertising and exposure are significant media of mass correspondence. Advertising encourages buyers to think about the different brands fabricated by a few makers. The media used to publicize items are Radio, Papers, Magazines, television, the Web, Bulletin, and so on
Explanation:
Trade of products includes a few challenges, which are eliminated by helpers or strengthening underpins known as Aids to Trade.
Here, guides to exchange alludes to every one of those elaborate exercises, which straightforwardly or in a roundabout way encourages smooth trade of merchandise and enterprises.
One characteristic of a just-in-time (JIT) inventory system is that :_______
a. a firm has an ample buffer stock of inventory.
b. the working capital a company needs to finance inventory increases is high.
c. a company is more likely to have excess unsold inventory to write off against earnings.
d. parts enter the manufacturing process immediately; they are not warehoused.
e. it is difficult to spot and fix defective inputs.
Answers
Answer:
d. parts enter the manufacturing process immediately; they are not warehoused.
Explanation:
The Just in Time inventory system is one where the management of a business increases efficiency and reduces inventory cost by obtaining raw materials for the production process just as they are needed.
This implies warehousing of unused raw materials is at a minimum. Thereby reducing warehousing cost.
So the option most close to JIT inventory method is - parts enter the manufacturing process immediately; they are not warehoused.
This method also requires accurate forecasting get what is actually needed per time.
The Federal Reserve's tool for changing the money supply is the__________ (open market operation or reserve requirement or discont rate) In order to decrease the number of dollars in the U.S. economy the money supply, the Federal Reserve will_________( buy or sell) government bonds.
Answers
Answer:
Open market operations; sell
Explanation:
Open market operations; sell
Central bank (Federal bank) use the open market operation that encompasses the increase and decrease of reserve requirement, discount rate, etc. It also includes the selling of government bonds when Fed wants to decrease the money supply in the economy and it buys back when it wants to increase the money supply in the economy.