Credit approval in a contract for deed addendum states the buyer will provide the seller a signed financial statement within 5 days of final acceptance of the contract. The buyer authorizes the seller to conduct credit checks.
What are financial statements?Financial statements are a group of summaries of information regarding the cash flows, financial position, and financial results of an organization. They consist of the cash flow statement, balance sheet, and income statement.
The following are some uses for financial statements:
to assess a company's capacity for producing cash and the sources and use of that cash.to ascertain if a company has the ability to pay down its debts.to monitor financial outcomes over time in order to identify any potential problems with profitability.to calculate financial ratios from the financial statements that can be used to assess the state of the enterprise.should look into certain commercial transactions specifics as described in the disclosures that go along with the statements.To learn more about financial statements, visit:
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occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.
Employee empowerment occurs when employees are provided with the ability to take on responsibilities and make decisions regarding all aspects of product development or customer service.
Giving employees the freedom, tools, and support they require to act independently and be held responsible for their decisions is essential, according to the management tenet of employee empowerment. Empowerment is crucial because It works wonders for fostering creativity but less so for enhancing consistent performance. Research has repeatedly shown that when workers feel empowered at work, they perform better, are more satisfied with their jobs, and are more loyal to the company. Employee empowerment can increase employee motivation, foster employee trust in leadership, foster greater creativity, and improve employee retention, all of which contribute to a higher bottom line. Expressing gratitude for someone's efforts is one of the best ways to empower them.
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The after closing balance in a revenue account will always be zero. This statement is.
This statement is True.
When an account is closed, the balance in the revenue account is moved to the retained profits account, leaving the revenue account with a zero ending balance. The beginning balance for a revenue account will also be 0 because the ending balance from the previous period becomes the beginning balance for the subsequent period.
What is a Revenue Account?The assets made by a company's operations and business activities are its revenues. To put it another way, revenues comprise the money or receivables a business receives from the sale of its products or services.
The income account has a credit balance and is an equity account. Therefore, a credit to the revenue T-account results in a rise in the account balance. The enlarged accounting equation demonstrates how revenues raise equity. Because revenues or income are often only created, unlike other accounts, revenue accounts are rarely debited. A business rarely has its income taken away.
Only when items are returned and sales are refunded does the revenue account get deducted. The original sale is voided in this situation, so the recorded sale must be reversed.
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lotina received an email notice from her university that tuition would be increasing 2.5% for next year, with no changes to fees or room and board. this describes which element of the university’s marketing mix?
The element of the marketing mix that is used in the given scenario is Price as it has to do with an increase in tuition.
What is Marketing Mix?This refers to the tactics that is used by a company to promote its product or brand in the market.
Hence, we can see that The element of the marketing mix that is used in the given scenario is Price as it has to do with an increase in tuition.
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is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates.
Strategic giving is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates.
What is strategic giving?Here, "strategic giving" is defined as the close coordination of the philanthropic value to be generated, the identity and preferences of the donor, the organizational vehicle through which giving occurs, the categories of activities that are financed, and the time period governing giving.
Taking these five essential actions
1. Involve your family and ascertain your motivations for contributing.
2. Specify desired results and concentrate on effect.
3. Look for top-tier nonprofit partners.
4. Ensure that any philanthropically committed funds are used to carry out your goal.
5. Assess, then adjust as necessary.
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at the end of may, bergan company had completed jobs 200 and 305. job 200 is for 2,390 units, and job 305 is for 2,053 units. the following data relate to these two jobs: on may 7, bergan company purchased on account 10,000 units of raw materials at $8 per unit. during may, raw materials were requisitioned for production as follows: 7,500 units for job 200 at $8 per unit and 1,480 units for job 305 at $5 per unit. during may, bergan company accumulated 2,500 hours of direct labor costs on job 200 and 3,000 hours on job 305. the total direct labor was incurred at a rate of $28 per direct labor hour for job 200 and $24 per direct labor hour for job 305. bergan company estimates that total factory overhead costs will be $620,000 for the year. direct labor hours are estimated to be 80,000.
The correct answer is 7.75.
Bergan Company
Jobs 200 305
Completed Job 2390 2053
Raw Material requisitoned
=(7500 units at $8) for Job 200
and (1480 at $5 ) for job 305 $60,000.00 $7,400.00
Direct Labor=(2500 Direct Labor
Hours at $28) for Job 200 and
(3000 hours at $24) $ 70,000.00 $ 72,000.00
Manufacturing Overhead=(2500
Direct Labor Hours at $7.75) for
Job 200 and(3000 Direct Labor
Hoursat $7.75) ofr Job 305 $ 19,375.00 $ 23,250.00
Balance on the job cost sheet $149,375.00 $102,650.00
Jobs 200 305
Completed Job 2390 2053
Balance on the job cost sheet $149,375.00 $102,650.00
Cost per unit $ 62.50 $ 50.00 Predetermined Rater=(Estimated
Overhead cost/Estimated Labor
Hours)=($620000/80000) $ 7.75
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an insured under a group disability plan is required to pay 1/3 of the premium. upon disability, the insured receives a $6,000 monthly benefit from the plan. how much of the $6,000 is subject to income tax?
An insured under a group disability plan is required to pay 1/3 of the premium. upon disability, the insured receives a $6,000 monthly benefit from the plan. The subject to income tax is $4,000.
Since the employer pays 2/3 of the monthly premium, then 2/3 of the monthly benefit ($4,000) would be taxable as income to Nathan. Relevant content. Federal Tax Considerations for Business and Group Health Insurance Policies.
Profits Tax is a tax on a person's earnings, emoluments, earnings springing up from belongings, the practice of the profession, the behavior of exchange or commercial enterprise, or at the pertinent items of gross income unique within the Tax Code of 1997 Tax Code, as amended, much less the deductions if any, legal for such varieties of earnings, by way of the Tax CodeIf you can be claimed as a base by another taxpayer, the profits threshold for filing is generally decreasing than the chart.
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What is required in order to make a good career decision
Answer:
You need to follow curtain decision making chart that requires you to ask and answer questions about the decisions made in picking and making a good career! Best of luck !
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying.
One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying is that price is often negotiated.
What is a marketing mix?This refers to the multiple areas of focus as part of a comprehensive marketing plan. It often refers to a classification that began as the four Ps which includes product, price, placement, and promotion.
In practice, an effective marketing touches on a broad range of areas as opposed to fixating on one message, so, by doing so, its helps reach a wider audience and by keeping the four Ps in mind, marketing professionals are better able to maintain focus on the things that really matter.
As focusing on a marketing mix helps most organizations make strategic decisions when launching of products, however, the one way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying is that price is often negotiated.
Missing words" A. advertising is typically uplifting and inspiring in nature. B. promotions of all kinds are avoided. C. price is often negotiated. D. distribution is of negligible importance. E. product quality is assumed among sellers and is rarely a buying criteria.
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One way that marketing mix characteristics differ for organizational buying compared to consumer buying is that for organizational buying, price is always negotiated
Many people are involved in purchasing decisions in organizations. The organizational buyer's decision-makers are people subject to many of the same emotional criteria that apply to personal purchases.
Purchasing decisions in organizations frequently involve a variety of complex technical dimensions. The organizational decision-making process is often lengthy, resulting in a significant lag between the marketer's initial contact with the client and the purchasing decision. Because many new factors may enter the picture during this lag period, the marketer's ability to monitor and adjust to these changes is critical. Organizations cannot be classified precisely. Each organization has a distinct operating style and personality.
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the fact that the value of a company such as ebay increases as more people join and use ebay is characterized as the .
The fact that the value of a company such as e - Bay increases as more people join and use e - Bay is characterized as the network effect.
What is e - bay?
eBay is an e-commerce site that helps in buying and selling the product and sometimes also a person can build on it
As the market value of the eBay company will increase new customers would join in and be a part of the company, this is called the network effect as work is increasing continuously for this E-Commerce site.
More members join a site if there are members joining and due to popularity this is the network effect.
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if a firm is concerned about capital constraints and needs to prioritize its projects, which budgeting technique should the firm use?
A firm that is concerned about capital constraints and wants to prioritize its projects must use Profitability Index (PI).
Profitability Index (PI) is a budgeting technique describes an index that represents the relationship between the costs and benefits of a project. It is calculated as the ratio between the value (present) of the future and the initial amount invested in the project.
A higher Profitability Index means that a project will be more attractive. The profitability Index is basically helpful in ranking different projects. It is actually an appraisal technique applied to potential capital outlays. The method divides the projected capital inflow by the projected capital outflow to find out the profitability of a project.
The profitability Index is the comparison and contrast when a company has several investments and projects it is considering undertaking. This index can be used to determine which is the best investment.
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which management employability skill involves being able to move beyond established ideas and rules to set up new models and processes?
Creativity is a skill that involves being able to move beyond established ideas and rules to set up new models and processes
How to think creatively?Finding novel approaches to issues and ways to deal with circumstances is the essence of creativity. This is a skill that people from all walks of life can benefit from learning; it is not just a talent reserved for artists, musicians, authors, or "right-brained" thinkers. These suggestions can be useful if you've ever sought to increase your creativity.
Developing your expertise in this field is one of the best strategies to foster creativity. Your ability to come up with original and creative solutions to issues will improve if you have a thorough understanding of the subject. Reading about and hearing from creative people is one approach to gain expertise.
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Does having social responsibility make you viewed more or less favorable by consumers?
Answer:
Depends on the person but probably not
Explanation:
4. why is information so important in supply chains? what are the challenges to the successful development and implementation of effective information? what is the role of technology and information management?
Information can be a powerful tool if it is timely, accurate, managed, and shared. The challenge is the sharing of information along the supply chain and the discipline to ensure the integrity of the data collected.
Information is stimuli that have meaning in a few contexts for its receiver. whilst records are entered into and saved in a laptop, it is commonly referred to as statistics. After processing -- which includes formatting and printing output data can once more be perceived as data.
Humans use the information to seek which means in a ramification of conditions. now and again they use records instrumentally, to do something tangible (e.g., to gather a skill or attain a purpose). Other times, statistics is used cognitively (e.g., to generate ideas).
Information management is an important thing for records-pushed corporations that allows them to make higher selections and obtain dreams. Knowledge of the purpose of records control can help your enterprise beautify the use, safety, and storage of facts to operate extra efficiently.
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as the project manager for a software project that involves bleeding edge technology that has yet to be proven, you are charged with procuring the right software development partner to deliver project requirements. you have already completed a request for information (rfi) but there remain issues that can only be solved once development has begun. what is the next step in the bidding process?
The next step after Request For Information is: "Issuing an RFP (request for proposal) to prospective sellers" (Option B)
What is request for Proposal?A Request for Proposal (RFP) is an open call for bids for the execution of a new project proposed by the firm or other organization issuing it. Its goal is to generate a wide range of alternative recommendations that may be considered by the project's managers.
A request for information (RFI) is a formal method for acquiring information from possible providers of an item or service. Customers are supposed to write RFIs and send them to potential vendors.
What is Request for Information?With the data acquired from RFI responses/information from suppliers, procurement managers can compile the requirements as an RFP with questions and assessment criteria to buy the material needed.
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Full Question:
As the project manager for a software project that involves leading edge technology that has yet to be proven, you are charged with procuring the right software development partner to deliver project requirements. You have already completed a request for information (RFI) but there remain issues that can only be solved once development has begun. What is the next step in the bidding process?
A) Make a Single Source selection
B) Issuing an RFP (request for proposal) to prospective sellers
C) Issuing and RFQ (Request for Quote) to prospective sellers
D) Choose the resource that provides the lowest cost estimate
Jemimah was having problems with the tight scheduling and timelines given to her for one of her technical writing projects. She was failing to meet deadlines regularly and was unable to adjust to a variety of functional changes in the project. In this type of situation, what skill should Jemimah use to manage time and meet deadlines?
Answer: Strong time management skills.
Explanation:
Time management skills looks at achieving goals in a shorter period of time and making available time for other activities you plan to achieve, it helps you plan your events well void of much stress, gives you focus and meeting up with deadlines.
Jemimah has to work on her time management skills, she has to analyze the project and work out a plan on to meet up before the deadline. She can break the project in bits and set short deadline for her self on each task, in doing so, sh would relieve herself of stress and meet up with the deadline she was given.
Which of these terms refers to the group of all the product lines offered for sale by a company?
O Marketing mix
O Brand
O Product mix
O Target market
The term where the group of all the product lines provided for the sales by a company is known as the product mix.
The information related to the product mix is as follows:
It refers to the product portfolio where it is the completed set of products or services that are provided by the firm.The product line is the subset of the product mix.An Example is Nescafe, maggie noodles, etc.So the other options are to be considered incorrect.
Therefore we can conclude that the term where the group of all the product lines provided for the sales by a company is known as the product mix.
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secondary effects are consequences of economic actions that develop slowly over time as people react to events.
Secondary effects are the results of economic activity that emerge gradually over time as people respond to circumstances.
-True
Who defines economic activity?
When certain commodities or services are produced, an economic activity occurs when resources like labor, manufacturing processes, capital goods, and intermediary items are integrated. As a result, the characteristics of an economic activity are an input of resources, a production process, and an output of products (goods or services)
The importance of economic activity
Primary economic activities provide other industries with the raw materials they need to further develop and refine these resources into finished goods to sell to end users. The number of employees working in the primary sector is falling in both developed and developing nations.
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Each department has a separate work in process account when using ______ costing.
Each department has a separate work-in-process account when using a process costing.
What is process costing?A form of procedure costing that is used to determine how much a product costs at each step or process in the manufacturing process is refer as Process costing.
When the cost of each manufactured product is considered to be equal to the cost of every other product, it is used. In this, each department has a separate work-in-process account when using a process costing.
When compared to other cost allocation techniques, process costing has the advantage of being simpler to implement when costing similar products.
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from the previous analysis, you can determine that as jake increases his production of trucks, his opportunity cost of producing one more truck .
the potential cost of making another truck for him Increases.
How does opportunity cost work?
The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is, in a nutshell, the worth of the path not traveled.
When comparing several options, opportunity cost might be helpful in determining which one has the fewest drawbacks.
The opportunity cost is the lost study time and money that could have been used for something else. A farmer decides to sow wheat; the opportunity cost is not doing so or using the resources in a different way (land and farm equipment)
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PLEASE HURRY!!!! Thanks! ;)
How do you know when you can afford something? When you have the ———————- to pay for it!
Answer:
Umm. Money
Explanation:
Well its not bananas or ketchup is it?
the market supply curve question 9 options: represents the sum of the prices that all the sellers are willing to accept for a given quantity of the good. slopes downward. is found by vertically adding the individual supply curves. represents the sum of the quantities supplied by all the sellers at each price of the good.
Represent the sum of the quantities supplied by all the sellers at each price of the good.
A supply curve is usually upward-sloping, reflecting the willingness of manufacturers to promote extra of the commodity they produce in a market with higher prices. an upward sloping curve depicting the high quality dating among rate and quantity provided. The market delivery curve is derived by summing the amount providers are willing to supply while the product can be offered for a given price.
A supply curve is typically upward-sloping, reflecting the willingness of producers to sell extra of the commodity they produce in a market with better fees. Any trade in non-fee factors could purpose a shift in the supply curve, whereas adjustments in the price of the commodity can be traced alongside a fixed delivery curve. The supply curve will pass upward from left to right, which expresses the law of supply: because the fee of a given commodity will increase.
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a manager wants to accurately predict how many light-up three-wheeled scooters they’ll need to meet holiday demand. which component of supply chain management would the manager be using to determine the appropriate number to produce?
The component of supply chain management that the manager will be using to determine the appropriate number to produce is known as Supply chain planning.
What is a Supply chain planning?In supply chain management, this means the process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.
Therefore, the component of supply chain management that the manager will be using to determine the appropriate number to produce is known as Supply chain planning.
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park, seamans & zhu (2021). homing and platform responses to entry: historical evidence from the u.s. newspaper industry. strategic management journa
The correct answer is historical evidence from the U.S. newspaper industry.
What do you know about the U.S. newspaper industry?The factors that led to this rise in American newspapers were numerous and independently generated, yet they all reinforced one another. The population of the United States was increasing and moving into new areas that were away from the early coastline colonies. Newspapers blossomed when new institutions, including towns, emerged. Every daily newspaper subscriber is aware that it arrives on the driveway in the early morning. Newspapers are delivered by independent contractors known as carriers using their cars after they have been purchased at a discount. Between the first quarter of 2020 and the most recent reported period, which covers the six months to March 2021, the Wall Street Journal, the New York Times, and USA Today together lost more than 500,000 print subscribers.
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Your department has been having things come up missing lately . You've been noticing but no one else has said anything . Two other people work in your department . how will you handle this issue ?
Answer:Are you friends with these other colleges if you’re you should try asking questions concerning the incidents but be careful so you don’t throw any of them especially if one of them might be the culprit
Explanation:
a company purchased a building for $850,000 on january 1, 2010. as of december 31, 2014, $200,000 of accumulated depreciation had been recorded related to this building. the building was sold to another party for $1,250,000 on january 1, 2015.
On the sale of this building, the company should recognize is $600,000.
What is company?
The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
A company purchased the building amount on the $850,000 on january 1, 2010. A accumulated depreciation record of the related to the building are $200,000 (net book value of the building to the amount on the $650,000) It sold on the $1,250,000 on january 1, 2015.
$850,000 - $200,000
= $650,000
$1,250,000 - $650,000
The company will recognize the amount of the $600,000.
As a result, the sale of the building to the amount of the recognize to the building are the $600,000.
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when firms fail to take advantage of opportunities because something prevents them from capturing the benefits of the opportunity, or imposes additional costs on them, economists say there is
Economists says market failure occurs when enterprises fail to capitalise on possibilities because something prevents them from reaping the benefits of the opportunity or imposes additional expenses on them.
Economists
An economist is a specialist who investigates the relationship between a society's resources and its output. Economists research anything from small, local communities to entire nations and even the global economy. An economist's expert judgments and research findings assist determine a wide range economic policies, including interest rates, tax legislation, employment initiatives, international trade agreements, and company strategy. An economist's job include examining data that contains economic indicators such as GDP and investor confidence surveys. Economists may investigate the distribution, accessibility, and reach of products and services to discover prospective trends or generate economic forecasts.
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the discipline by which quality characteristics are embedded into the product or service is known as
The discipline by which quality characteristics are embedded into the product or service is known as Quality engineering.
Quality engineer work with pleasant assurance and exceptional management groups to increase strategies, check approaches and enforce systems that make sure the goods and strategies fulfill exceptional requirements, meet safety policies, and satisfy customer expectations.
They make sure that the manufacturing techniques are green and correct, documenting findings that could improve concerns, accomplishing satisfactory tests even as watching parameters, and enforcing changes as important to fulfill the highest first-class standards.
The assignment of becoming a excellent assurance engineer is gaining knowledge of the necessary coding languages, software programs, and hardware had to carry out this position. This takes a big preliminary funding of time and power to research.
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NAME 2 COSTS/DRAWBACKS OF SETTING UP A FRANCHISE?
Having too much to do given your available resources is called
a. prioritizing.
b. budgeting.
c. being overextended.
d. multitasking.
c. being overextended
is the answer
Having too much to do given your available resources is called being overextended. Thus, option C is correct.
What is a resource?Anything that is useful and enhances your life is a resource. A resource is a process helps that people appreciate and need, including breath, drink, and land. A resource can be classified as regenerative or non-renewable sources based on whether it can replace it at the speed it is utilized up or whether it has a finite supply.
Being completely out of position is having much else to do for your scarce funds. You will likely overlook crucial events and obligations, so consider what you really want to do and add tasks to that list. This will help the person to create data that is well established and also regard to the data.
Therefore, option C is the correct option.
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which factors, in addition to finances, may have contributed to mr. rodriguez not seeking medical care in the recent months
A. He may be an undocumented immigrant.
B. Undocumented immigrants in the US are at a higher risk of exploitation than legal residents.
C. Lack of concern about his overall health.
D. His impression that allopathic care is not considered holistic.
E. His culture highly values masculinity.
F. He may view the US healthcare system as unfriendly and intimidating.
What is immigrant?Immigration refers to the international movement of people to a destination country where they are not natives or citizens in order to settle as long-term residents or naturalized citizens. In contrast to commuters, tourists, and other short-term visitors, seasonal labor migration is occasionally included in the definition of immigration or migration.
Research indicates that has positive economic consequences for both the sending and receiving countries.
With few exceptions, research shows that immigration generally has favorable economic impacts on the native population. However, opinions are divided on whether low-skilled immigration has a negative impact on low-skilled natives.
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