In order to make a complex project more manageable, an individual should follow the tips for project management. Try to define the goals and prioritize what's urgent, then analyze the resource and gather the data. Business communication skills would be require for the business project.
What is the significance of business communication?Business communication refers to the process of sharing information between the people within the workplace or outside the company.
Business communication plays a very significant role in an organization as it helps to establish formal relations between employees and workers. It also helps the employee understanding the goals of a company.
Basically, the main purpose of the business communication is to improve organizational practices and reduce errors.
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Christy flips through her monthly issue of cosmopolitan. After seeing nine different perfume advertisements, she goes to the mall and purchases romance by ralph lauren. This example represents which of the segmentation criteria discussed in class?.
Christy looks through her copy of Cosmopolitan from each month. She visits the mall and buys Romance by Ralph Lauren after viewing nine different perfume advertising. This illustration illustrates the segmentation criteria for reachability.
More about segmentation:
Homogeneous groups of individuals with discernible shared characteristics must be developed in order to segment. They could be things like their geographic location, age, lifestyle, or even how they behave on your website. These are what we refer to as segmentation criteria.
People in the same segment are anticipated to have similar expectations and should react similarly to an offer, certain type of content, or specific message. By comparing several types of data, you could obtain a more thorough study of your clientele. Let's review the most often used segmentation guidelines.
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Why do project managers need to understand their organization's mission and strategy?
Understanding the company strategy gives access to a project manager to frame requests in a ways that is more likely to gain them backing and positive feedback
Why is organizational strategy and project strategy important?
A good organizational strategy can help to align your team, address your vision, mission, and goals, and aids you implement strategic initiatives organization wide. Each every and project should ideally support this overall strategy, and the project management framework you choose will help you in following all projects.
What is organizational strategy in project management?
An organizational strategy is the sum of the actions a company tries to take to gain long-term goals. Together, these actions make up a company's strategic plan. Strategic plans took at least a year to complete, requiring involvement from all company levels.
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A seller uses a perpetual inventory system and on april 4 it sells $5,000 in merchandise with a cost of $2,400 to a customer on credit terms of 3/10, n/30. Complete the two journal entries to record the sales transaction by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. The first journal entry is to record the revenue part of the transaction and the second journal entry is to record the cost part. True or false?.
True, The first journal entry is to record the revenue part of the sales transaction and the second journal entry is to record the cost part.
First Entry: Dr Accounts Receivable for $5,000
Cr. Sales for $5,000
Second Entry: Dr Cost of Goods Sold for $2,400
Cr. Merchandise Inventory for $2,400
Any written or spoken transfer or disposal of products, services, or other physical or intangible property is referred to as a sales transaction. It also includes leasing and assignment of tangible and intangible property. Sales transactions can be processed using either the cash method or the accrual approach. When money is exchanged, the cash method registers a sale. An accounts receivable is created by the accrual technique after processing a sale without receiving cash.
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businesses view environmental issues as no-win situations; either you help the environment and hurt your business or you help your business and hurt the environment.
Answer:
False
Explanation:
Just answered it.
False. Your company's sustainability will increase if you take steps to minimize its environmental impact. Your company will be more likely to succeed over the long term if you are less dependent on natural resources than your rivals are and have strategies for coping with cost increases brought on by climate change.
What is sustainability?Humans should be able to live in peace on Earth for an extended period of time in order to achieve sustainability, which is a societal goal. Because it can be challenging to come to consensus on specific definitions, they change throughout time and are inconsistently discussed in the literature. At the global, national, and individual levels, this idea can be applied to inform decisions (e.g. sustainable living). The environmental components of sustainability are frequently highlighted in common usage of the word. Since about 2000, climate change, biodiversity loss, loss of ecosystem services, land degradation, and air and water pollution have been the most important environmental challenges. Many "planetary boundaries" are currently being exceeded by humanity.
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to assess his company's progress against that of the competition, greg has been asked to determine the total sales of barrett's boots corp. for the past six months in the southeast compared to the total sales of boots across the entire united states. greg will be providing information on
To assess his company's progress against that of the competition, Greg has been asked to determine the total sales of Barrett's boots corp. for the past six months in the southeast compared to the total sales of boots across the entire united states. Greg will be providing information on market share.
Market share is the percentage of total sales or revenue in the market occupied by a company's operations. For example, if a particular industry sells 50,000 units a year, the company that sold his 5,000 of those units would have a share of that market.
Market share is the percentage of total industry sales generated by a particular company. Market share is calculated by dividing a company's sales for a period by the industry's overall sales for the same period.
Higher market share usually means higher revenues, lower sales efforts, and a strong barrier to entry for other competitors. A high market share also means that leaders win more than others when the market expands.
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rose riley's parents have booked and paid for a family trip to aspen, colorado, during her spring break. rose's friends recently decided to drive to destin, florida, for spring break. rose needs to decide whether to join her parents in aspen or drive to the beach with her friends. the opportunity costs of joining her friends on the trip to destin include each of the following except
Rose needs to decide whether to join her parents in aspen or drive to the beach with her friends. the opportunity costs of joining her friends on the trip to Destin include each of the following except the nonrefundable deposit her friends paid for the beach house in Destin.
What's Friendship?Fellowship is a relationship of cooperative affection between people.It's a stronger form of interpersonal bond than a" familiarity" or an" association", similar to a classmate, neighbor, colleague, or coworker.What's a true friend?Someone who's a true friend stands up for you.When others try to hurt you emotionally or physically, they do everything they can to make sure you stay safe.They do not watch who's trying to harm you; they will defend you anytime.Still, they'll do it without reservation or price If they can help you.Learn more about Friendship here:
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You are the manager of a customer service call center that handles customer inquiries for a large clothing retailer. One of your responsibilities is to use different types of reinforcement to motivate employees to engage in certain behaviors while on the phone with customers. Because you want all employees to stick to the provided script when answering calls, you decide to randomly monitor calls and praise employees who use the script. What type of reinforcement did you use?.
Positive reinforcement as the manage is praising the good behaviour of employees which motivates employees to stick to the script.
A approach used to strengthen future behavior is known as positive reinforcement. As a result, the actions have a longer duration, greater magnitude, and increased frequency. When desired behavior is attained, the reward is given as part of an expression of the behavior as is the case with positive reinforcement.
Positive reinforcement is used to increase the possibility that the desired behavior will change and occur frequently. Positive reinforcement is understood to occur when a reward results in a desirable outcome and the response is enhanced. This core idea seeks to accelerate the rate of behavior. So, Positive reinforcement as the manager is praising the good behaviour of employees which motivates employees to stick to the script.
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In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease? current supply will _________, and, as a result, current prices will _________.
In the market for natural gas, what will likely happen to current natural gas prices and output if the producers expect future prices to decrease?
Current supply will decrease, and, as a result, current prices will increase.
How are demand and price related to each other?
The law of supply and demand is an economic theory that explains how supply and demand are related and how this relationship affects the price of goods and services. A basic economic principle is that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise.If demand does not change, there is an inverse relationship between supply and prices of goods and services. If the supply of goods and services increases while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services. If the supply of goods and services falls while the demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.To learn more about law of supply, refer to:
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deepa dalal opened a free-standing radiology clinic. she had anticipated that the costs for the radiological tests would be primarily fixed, but she found that costs increased with the number of tests performed. costs for this service over the past nine months are as follows:
1) The variable cost per unit = $60,450 divided by 1,500 is $40.30 for the past nine months of providing this service.
$195,510 in total fixed costs less ($40.30 multiplied by 4,100) equals $30,280.
2) The anticipated cost of maintenance for October is $171,330
1) Quantity of tests
total price
High: 4,100 in August
$195,510
Low - 2,600 in February
$135,060
Difference 1,500
$60,450
The variable cost per unit is $40.30 ($60,450 divided by 1,500).
C(x)= FC + V is the cost function (x)
Total cost for x tests = $30,280 plus $40.30 times 2) The anticipated maintenance cost is:
Amount fixed $30,280
Cost variable: 3,500 times $40.30 = 141,050
October's anticipated maintenance costs are $171,330.
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Assume peanut butter and jelly are complements. Ceteris paribus, an increase in the price of peanut butter will cause the equilibrium price of jelly to.
Assuming that peanut butter and jelly are complementary goods, then Ceteris Paribus, an increase in the price of peanut butter will cause the equilibrium price of jelly to decrease. Therefore, the option B holds true.
What is the significance of complementary goods?The complementary goods can be referred to or considered as the goods that are perfect replacements of each other, but are not substitutes. They have an indirect relationship to each, i.e., when price of one good increased, the price of other good decreases.
Therefore, the option B holds true and states regarding the significance of complementary goods.
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The question has been completed below for better reference.
Assume peanut butter and jelly are complements. Ceteris paribus, an increase in the price of peanut butter will cause the equilibrium price of jelly to. Increase, decrease, remain constant, none of these
the fictional taj mahal indian grocery store had sales of us$50,000 in august and us$62,000 in september. there are 10 full-time workers in the store, each of whom worked 40 hours a week. in august, the store also employed four part-time workers, each of whom worked 15 hours a week. in september, eight part-time workers were employed, each for 10 hours a week. assuming there are four weeks in each month, and sales dollars are the output measure, what was the change in productivity from august to september?\
The change in productivity from August to September is 18.84%
Sales in August = $50000
Sales in September = $62000
Calculating productivity in August:
Productivity = Sales/Work done by employees
= 50000/(4*(10*40+4*15))
=50000/1840
=$27.17
Calculating productivity in September:
= 62000/(4*(10*40+8*10))
=62000/(4*480)
=62000/1920
=$32.29
Change in productivity = (32.29-27.17)/27.17*100
=18.84%
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The invisible hand principle indicates that competitive markets can help promote the efficient use of resources true or false?.
The Invisible Hand Principle suggests that competitive markets can help facilitate the efficient use of resources even when each market player cares only about their self-interest rather than about the overall efficiency of resource usage. True
What is the principle of the invisible hand?The invisible hand is characteristic of laissez-faire, representing the "let do/let go," approach to the market. In other words, the approach maintains that the market will find stability without government or other interventions pushing it into unnatural patterns. The invisible hand upgrades individual self-interest and competition.
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The adjustment for supplies used during the period will result in a debit to the ______ account and a credit to the ______ account.
The adjustment for supplies used during the period will result in a debit to the supplies expense account and a credit to the supplies account.
Define debit: what does it mean?Any accounting entry that results in a reduction in obligations or an increase in assets is referred to as a debit.All debits must be offset with matching credits on the right side of the ledger in double-entry accounting, where all debits are made on the left side of the ledger.Positive asset and cost values are debited and negative balances are credited on a balance sheet.Any double-entry accounting system will include a debit as a component.In contrast to credits, debits exist.A given account's debits and credits indicate the inflow and outflow of money, respectively.To know more about debit, refer to the following link:
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How does a market economy answer the 3 basic economic questions?
A market economy answers the 3 basic economic questions, Key terms. In its purest form, a market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.
An economy is a system of interconnected production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole meet the needs of the people who live and work there.
A nation's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. The economy is about using the minimum amount of money, time, or other resources necessary to accomplish something and not wasting anything. Economic growth increases government capacity and the supply of public goods. As the economy grows, the state taxes these revenues, providing the capacity and resources necessary to provide the public goods and services that citizens need, such as health care, education, social protection, and basic public services. You can get
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Ralph has $1,000 in an account that pays 10 percent per year. Ralph wants to give this money to his favorite charity by making three equal donations at the end of the next 3 years. How much will ralph give to the charity each year?.
Answer:
The Answer is $402.11
Explanation:
Hope this helps
the managerial accountant at xyz company told her friend that the company expects to announce a major recall in a few weeks. the friend promptly sells all her stock in xyz. the accountant violated which ima requirement? (check all that apply.)
The managerial accountant at internal company told her friend that the company expects to announce a major recall in a few weeks. . The friend promptly sells all her stock in internal
What kind of information is offered by managerial accounting?The sort of accounting known as managerial accounting is used by managers and other decision-makers inside an organisation to provide them with financial information. Financial measures used in managerial accounting frequently include revenue, sales, operational costs, and cost controls.
The discipline of management accounting, often known as managerial accounting, is useful in giving the management financial information and the right resources to aid managers in decision-making.
The basic goal of managerial accounting is to help a company's management accomplish its planning, organising, directing, and controlling duties effectively.
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. you are a quality control engineer, supervising the completion of a product whose specification includes using only u.s.-made parts. however, at a very late stage you notice that one of your subcontractors has supplied you with a part having foreign-made bolts in it – but these aren’t very noticeable, and would function identically to u.s.-made bolts. your customer urgently needs delivery of the finished product. what should you do?
The engineer should apologise for the mistake and should not change the truth. He needs to make clear any conflicts of interest that might seem to affect the level of service. It is an offence against faith.
Because the product must be delivered soon, fixing the error may cause a delivery delay. If the error is concealed from the client, it is unethical. The best course of action is to inform the client and allow him decide whether to accept the foreign part or postpone deliveryFrom manufacturing to software development, a quality control engineer is in responsible of guaranteeing the quality of all goods. Reviewing the manufacturing procedure, evaluating the goods, devising additional manufacturing checkpoints, and producing reports on the findings are typical job activities.Examines the documentation for design, manufacture, and testing. carries out inspections of completed goods and raw materials while using the proper quality assurance testing models. determines the underlying cause of quality issues and plans adjustments or other corrective measures.To know more about Quality control visit:
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Aliza is the buyer at the sky high clothing company. She is often the only member of the buying center involved in the process. This is an example of a?.
Answer: Straight rebuy
Explanation: This is a buying situation where a company reorders the same products in the same quantity from the same supplier.
You are the manager of a customer service call center that handles customer inquiries for a large clothing retailer. One of your responsibilities is to use different types of reinforcement to motivate employees to engage in certain behaviors while on the phone with customers. Because you want all employees to stick to the provided script when answering calls, you decide to randomly monitor calls and praise employees who use the script. What type of reinforcement did you use?.
Positive reinforcement as the manager is praising the good behaviour of employees which motivates employees to stick to the script.
A approach used to strengthen future behavior is known as positive reinforcement. As a result, the actions have a longer duration, greater magnitude, and increased frequency. When desired behavior is attained, the reward is given as part of an expression of the behavior as is the case with positive reinforcement.
Positive reinforcement is used to increase the possibility that the desired behavior will change and occur frequently. Positive reinforcement is understood to occur when a reward results in a desirable outcome and the response is enhanced. This core idea seeks to accelerate the rate of behavior. So, Positive reinforcement as the manager is praising the good behaviour of employees which motivates employees to stick to the script.
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If buyers and sellers both expect future prices to increase, what will happen to the current equilibrium price?.
If buyers and sellers both expect future prices to increase, the current equilibrium price will decrease.
What is a equilibrium price?
When two lines cross in a diagram, that intersection usually means something. On the graph, the point where the supply curve (S) and the demand curve (D) intersect is the equilibrium. The equilibrium price is the only price where consumers' wants and producers' desires match—that is, the amount of a product that consumers want to buy (quantity demanded) equals the amount that producers want to sell (quantity supplied).
This mutually required quantity is called the equilibrium quantity. At any other price, the quantity demanded does not equal the quantity supplied, so the market is not in equilibrium at that price. It should be clear from the previous discussions of surpluses and shortages that if a market is not in equilibrium, then market forces will push the market into equilibrium.
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High point, plymouth rock, and pallasades are all names that identified each company as the seller of their offerings. This is also known as the companies ______.
The high point, Plymouth rock, and palisades are all names that identified each company as the seller of their offerings. This is also known as the company's brand name.
An organization or business may assign a brand name or trade name to a particular commodity or service. Although a brand name may occasionally be as simple as the names of the company's founders, as in the situations of John Deere or Johnson & Johnson, brand names nowadays are frequently carefully planned marketing techniques meant to increase consumer recognition and foster brand loyalty.
A brand name is the formal name that a solo owner or firm decides to use when conducting business. A doing business as (DBA) name is another term for a brand name. Legally registering a brand name is a crucial stage in a company's branding strategy, but it does not grant the name an indefinite lifespan or any kind of legal protection when used.
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Thinking of yourself as an accountant rather than as a person who helps people gain insight into their financial commitments and performance could be limiting in the long run because?.
The financial commitments and performance could be limiting in the long run because skills become obsolete, but problems are rarely solved.
Financial Commitments refers to all borrowing or raising commitments made to the Group at any time, including those for bonds (but excluding, for the avoidance of doubt, any bonding guarantees made in the normal course of business) and other debt, whether or not they are for cash.
A worker's skills become obsolete over time as a result of industrial restructuring or changing skill requirements in occupations and industries that rely heavily on technology (such as ICT, finance, and professional and scientific activities).
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when small discusses how customers crave personal interaction, knowledge of the person who created the garment, and want unique, humanness in their clothing, what is he describing?
He is describing the product research of the garment.
Customers crave personal interaction, knowledge of the person that created the garment, and want unique, humanness in their clothing, from knowing every inch of the details as people prefer product quality and characteristics and type of clothing it has offered.
Product or market research is done so as to choose the unique pattern that satisfies the wants and comfort of the consumer otherwise they have lot of options and opportunity cost existing with them. Describing the best of all can help grab sales easily.
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Every firm must make its plans and execute its decisions in light of what is happening in its micro- and macro-environment. you already knew this. you should also know that:____.
You should also know that the micro-environment exists inside the firm, the macro-environment exists outside the firm.
A macro environment refers to the set of conditions that exist in the financial system as a whole, instead of in a specific region or vicinity.
In general, the macro surroundings include tendencies within the gross domestic product (GDP), inflation, employment, spending, and economic and financial policy.Six additives of the macro environment are Demographic, monetary, herbal, Technological, Political and Cultural environments.The factors that make up the macro-environment are economic elements, demographic forces, technological factors, natural and physical forces, political and felony forces, and social and cultural forces.Learn more about macro-environment here: https://brainly.com/question/5511643
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shawn is buying a new spring jacket, and he is willing to pay as much as he paid for the last jacket he bought, which was $38. he finds one that he likes on sale and buys it for $29. in this case, shawn receives a consumer surplus of $
In this case, shawn receives a consumer surplus of $ 9.
What is consumer surplus?consumer surplus is moreover called social surplus and consumer's surplus, in financial matters, the contrast between the cost a shopper pays for an item and the cost he would be willing to pay instead of do without it.
Formula for Consumer surplus :
Consumer surplus = Most extreme cost buyer is willing to pay – Actual cost.
The customer surplus equation for numerous customers can be communicated as follows:
Shopper Overflow = ½ * Demand quantity at equilibrium * (Maximum cost buyer is willing to pay – Market cost)
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the two ways that a corporation can be classified by purpose are a. general and limited. b. profit and not-for-profit. c. state and federal. d. publicly held and privately held
The two ways that a corporation can be classified by purpose are profit and not-for-profit. In general, for-profit businesses sell goods or offer services. A non-profit group typically uses donations, events, and corporate sponsors to fundraise. In general, for-profit businesses aim to give consumers a good or service while also turning a profit.
The goal of a nonprofit organization is to assist the community without thinking about making a profit. A non-profit organization is a group that was established with the intention of making a profit, and in which no part of the organization's revenue corporation is given to its directors, officials, or members.
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after a recent study showed significant benefits of riding roller coasters, government officials have hired your consulting firm to increase this activity. in the initial meeting between the government officials and your consulting firm, some ideas for increasing demand were discussed. which suggestion would you recommend?
According to the given statement the correct option is 2.
Suggestion 2. Increase the price of private transportation by increasing tolls.
Briefing:Raising the price of a replacement good, private transportation, will raise the need for public transportation. Your recommendations should really be based on growing demand rather than increasing amount demanded. Consider which variables affect quantity demanded but which variables affect demand.
Why don't people use public transportation?Researchers at the University of California, Berkeley, discovered that passengers are more likely to abandon public transportation if they face delays that can be blamed on the transit provider. (Most individuals will overlook other annoyances such as traffic, crises, or mechanical breakdowns.)
What exactly are private forms of transportation?The article also goes over the many kinds of private transportation that make use of highways and long-distance pathways. These include walkers, bicycles, motorbikes, automobiles, taxis, and trucks. A private method of transportation is one where the vehicles are owned and operated by individuals.
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I understand that the question you are looking for is:
A recent study shows the benefits of using public transportation. Government officials have hired your consulting firm to increase the demand for public transportation. They come to you with three of their suggestions.
• Suggestion 1. Reduce the price of public transportation.
• Suggestion 2. Increase the price of private transportation by increasing tolls.
• Suggestion 3. Offer monthly and yearly passes that reduce the price paid per ride of public transportation.
Which suggestion(s) does your firm recommend?
A. 1
B. 2
C. 3
D. 1 and 3
Sold merchandise for $6,200, with credit terms n/30; invoice dated April 1. The cost of the merchandise is $3,720. April 4 The customer in the April 1 sale returned $700 of merchandise for full credit. The merchandise, which had cost $420, is returned to inventory. April 8 Sold merchandise for $2,600, with credit terms of 1/10, n/30; invoice dated April 8. Cost of the merchandise is $1,820. April 11 Received payment for the amount due from the April 1 sale less the return on April 4.
The journal entries prepared to record the sales transactions of the merchandising company, using the perpetual inventory system and the gross method are as follows:
Apr. 1 Debit Accounts Receivable $3,000
Credit Sales Revenue $3,000
To record the sale of goods, credit terms n/30
Debit Cost of goods sold $1,800
Credit Inventory $1,800
To record the cost of goods sold.
Apr. 4 Debit Sales Returns $300
Credit Accounts Receivable $300
To record the return of goods.
Debit Inventory $180
Credit Cost of goods sold $180
To record the cost of goods returned.
Apr. 8 Debit Accounts Receivable $1,000
Credit Sales Revenue $1,000
To record the sale of goods, credit terms of 1/10, n/30
Debit Cost of goods sold $700
Credit Inventory $700
To record the cost of goods sold.
Apr. 11 Debit Cash $2,700
Credit Accounts Receivable $2,700
To record the receipt of cash from customers.
Data Analysis:
Apr. 1 Accounts Receivable $3,000 Sales Revenue $3,000
credit terms n/30
Cost of goods sold $1,800 Inventory $1,800
Apr. 4 Sales Returns $300 Accounts Receivable $300
Inventory $180 Cost of goods sold $180
Apr. 8 Accounts Receivable $1,000 Sales Revenue $1,000
credit terms of 1/10, n/30
Cost of goods sold $700 Inventory $700
Apr. 11 Cash $2,700 Accounts Receivable $2,700
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Having a corporate code of ethics that prohibits employees from accepting gifts from customers or vendors is an example of which component of internal control?.
Having a corporate code of ethics that prohibits employees from accepting gifts from customers or vendors is an example of control environment.
Employees perform unique responsibilities and duties for employers in change for compensation. commonly, they paintings in a full-time, element-time or brief potential. personnel satisfy sure job obligations and roles, most usually described within the task listing. The dictionary definition of “employee” says succinctly that an worker is “someone who works for any other in return for economic or different compensation.”three underneath that definition, independ- ent contractors would seem like personnel. An enterprise is an enterprise, organization, authorities entity, organisation, employer, professional offerings firm, nonprofit association, small business, shop, or man or woman who employs or places to work, a person who's called an employee or a team of workers member.
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the capital share of income is defined as the share of paid to the owners of the capital stock. it is approximately equal to in the us. a. gdp; 1/3 b. wages; 2/3 c. consumption; 1/3 d. income; 2/3 e. investment; 1/3
The capital share of income is defined as the share of paid to the owners of the capital stock. It is approximately equal to GDP in the U.S.
What is GDP?The market value of all the finished goods that nations produce over a specific time period is measured by the gross domestic product (GDP), a monetary indicator. Due to the measurement's complexity and arbitrary nature, it has taken many revisions before it can be taken seriously as an indicator.
As a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market. GDP (nominal) per capita, however, does not account for variations in the cost of living and the rate of inflation of the various nations. It is also possible to calculate how much each sector or industry contributes to the overall GDP.
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