How to write a business plan

Answer - Order Tracker used in eCommerce. While an outside order tracker might visit customers to restock resellers' inventory supplies, an inside one responds to straightforward inquiries and completes transactions with customers.

eCommerce companies employ the practice of order tracking to monitor the status of consumer orders. The fulfilment of orders and customer service can both be enhanced using this information.

There are many ways to track orders, but the one that is most frequently used is an order management system. Order tracking capabilities are frequently built into eCommerce platforms, or your platform can integrate third-party technologies.

Customers can track the status of their orders using the order tracking feature. Usually, the order confirmation email or the website's order tracking page can be used to access this service.

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She would be indifferent between the two alternatives at the lump-sum payment amount of $3,387,590 is equal to $250,000 times 13.55036 (PVAD of $1: n = 25; I = 6%).

Hence, At the lump-sum payment amount of $3,387,590, which is equal to $250,000 times 13.55036 (PVAD of $1: n = 25; I = 6%), she would be unconcerned about either option.

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The following is not something commonly found in lean systems : both (ii) and (v).

A Lean system describes a commercial enterprise or business unit that holistically applies Lean standards to the manner it plans, prioritizes, manages, and measures work. The intention for any Lean device is to maximise client fee.

Lean manufacturing is a manufacturing method aimed ordinarily at reducing times in the manufacturing gadget as well as response times from providers and to customers. it's miles intently related to another idea known as simply-in-time production.

The number one cause of lean management is to supply price for the consumer thru the optimization of assets and create a constant workflow based on real customer needs.

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Akiko realizes the importance of developing a budget for her interior design business. Akiko understands the importance of appropriately allocating resources in order to achieve the goals of her firm.

A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year. a thorough breakdown of the projected costs to support the sponsored project.

All direct costs and facilities and administrative (F&A) (or overhead) costs necessary to accomplish the project's goals should be included in the budget.

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Aggregate Supply is represented as a schedule or curve showing the relationship between the nation's - level (index) and the amount of real domestic output that firms in the economy produce is Price

Similarly that aggregate supply is the general stock of all labor and products inside an economy during a specific time span, total interest is the complete interest for all labor and products inside an economy throughout that equivalent time span. The way that these total terms measure all market interest inside an economy during a particular time span separates them from straightforward market interest.

Normally, conversations of market interest happen on a more limited size, like inside a business or area. Organizations investigate market patterns utilizing organic market. Organizations can carry out business systems at the best second to satisfy market needs by remaining current on market interest designs.

Assuming the cost level expansions in the economy, the complete spending in the economy will fall. The total interest will fall and move to one side.

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The ISO 9000 certification emphasizes quality management that is client-oriented and places a lot of attention on defining, meeting, and achieving customer satisfaction.

ISO 9000 is a set of international standards on quality management and quality assurance that were created to assist businesses in efficiently documenting the components of their quality systems in order to maintain an effective quality system.

Internationally acclaimed quality assurance and management standards are contained in the ISO 9000 series. It was created by the International Organization for Standardization with the intention of promoting the creation of products and services that satisfy standards of quality that are recognized around the world.

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As per the demand curve, if Carl is forced to charge everyone the same price, he will earn revenues of 40 per hour

The term demand curve refers a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time.

Here we have given that carol's, a retiree, owns and lives on a piece of land in the desert that isn't worth much.

And we need to find if Carl is forced to charge everyone the same price, he will earn revenues of ___ per hour

While we looking into the given question, we know that the following values are given as.

In the initial period he has zero cost.

Then if the charges of the same price, total demand is 18+6 = 24

This will be calculated for 1 hours,

So, if he earn $320 per day, then the number of hour is calculated as,

=> 320/8

=> 40

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Nigeria protecting chicken growers by banning chicken imports is not a type of trade restriction.

The maximum common barrier to exchange is a tariff–a tax on imports. tariffs raise the charge of imported goods relative to home goods (accurately produced at domestic). another common barrier to trade is a central authority subsidy to a specific home industry.

Trade obstacles are authorities-caused regulations on global exchange. in keeping with the theory of comparative advantage, exchange boundaries are damaging to the arena financial system and decrease typical financial performance.

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A union shop, also called a union safety clause, is a clause in a collective bargaining agreement that ensures union safety. As a condition of retention, workers must be union members or pay dues.

The amount of dues collected from unionized workers is governed by federal and state laws and court decisions. The NLRA allows unions and employers to enter into union security agreements requiring payment of dues or dues equal to dues as a condition of employment.

Federal law requires unions and employers to require that every worker in a bargaining unit become a union member and that he begins paying union dues and dues within 30 days of employment. We allow you to enter into an agreement. Employees can choose not to become union members and pay no dues, or they can choose to pay only the portions that are paid directly to their representatives, such as collective bargaining and contract management. Labeled as dissidents, they are no longer union members, but are still protected by the treaty. Unions must inform all affected workers of this option created by a Supreme Court ruling known as Beck's Right.

This clause is commonly referred to as the Agency Shop Clause and the fee is often referred to as the Agency Fee or Fair Share Fee. The agency clause is one of several kinds of union safeguards that have historically been used to prohibit collective bargaining if workers either:

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Ruminate is the usage of Regular sponsorship.

A sponsorship is when a enterprise commits cash or assets to a nonprofit match or program in change for specific promotional benefits. In change for helping the nonprofit, the organization receives their name and emblem on matters like: Banners.

By sponsoring events, corporations experience a set of perks that generally consist of the following: Increased company exposure through the event itself, match advertising, and media coverage.

In-event speak me possibilities that help improve their manufacturer equity. Direct contact with an target market full of incredibly warm leads.

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Generally speaking, the following sets of financial statements cannot be created from the adjusted trial balance. Cash Flow Statement.

To find the cash flows reported in this statement, further investigation is typically needed. Ending account balances are shown in the adjusted trial balance. Changes in cash are shown on the Statement of Cash Flows by category. Changes in cash are known as cash flows, and they can be classified into three types: operating, investing, and financing.

trial balance was adjusted. In preparing a statement of cash flows, adjusted trial balance is typically not employed.

Financial statements do not include a statement of owner investments.

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Strategic - Managerial - Operational are the three layers of a firm pyramid, from top to bottom. Thus, the correct choice is (B) Strategic - Managerial - Operational.

A pyramid scheme is a business strategy that recruits participants by promising money or services in exchange for enrolling others in the plan, as opposed to providing investments or selling items. As the number of members increases, recruiting becomes increasingly difficult, and most members are unable to earn; as a result, pyramid schemes are unsustainable and sometimes illegal.

Pyramid schemes have existed in various forms for at least a century. Some multi-level marketing programs have been labeled pyramid scams. An organization requires anyone who wants to join to pay a fee. In exchange, the group guarantees its new members a portion of the funds collected from each other member they recruit.

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If supply: W= 5+N and Demand: W= 35-2N then the new equilibrium wage number of players on the team is 11.6.

As the equilibrium means

Supply= demand

5+N= 35-2N

N+2N= 35-5

3N=30

N=10

W=5+N=5+10=15

Equilibrium number of players is 10

Equilibrium wage is 15

Since the number of players on the team is now fixed at 5 this means demand of players has decreased whereas the supply is same.

Demand was

W=35-2N

2N=35-W

N= (35-W)/2

Now the demand has reduced by 5

N=[(35-W)/2]-5

N=(35-W-10)/2

N=25-W/2

Supply

W=5+N

N=W-5

Equating demand and supply

(25-W)/2= W-5

25-W=2W-10

25+10=2W+W

3W=35

W=35/3

W=11.6

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Raw material purchases cost $$33,908. The May raw materials purchases in dollars.

A “budget” is a plan or statement of the amount of money spent each month to pay for living expenses or for a specific purpose.

Sandhill Ltd. estimates sales for:

Materials budget

For the month of May, 31

Sales                                      2,490 units

Add: Ending production       2,200 units

Total required                        4,690 units

Less: Beginning production (2,300) units

Budget Raw materials = Budgeted production × Raw materials per unit           Budget Raw materials = 2,390 units × 2          

Budget Raw materials = 4,780 units

Budgeted raw materials for June = (2,360 + 2,310 - 2,200) units × 2 (per unit)

Budgeted raw materials for June = 2,470 units × 2 (per unit) = 4,940 units.

Purchase of raw material = 60% of May + 40% of June

Purchase of raw material = (4,780 units × 60%) + (4,940 units × 40%)

Purchase of raw material = 2,868 units + 1,976 units

Purchase of raw material = 4,844 units

Cost per raw material unit = $7

May = 4,844 × $7 = $33,908.

As a result, the raw material purchases cost $$33,908.

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The accounts payable is $29440 and cost of gods sold is $2720.

S.no particulars                             Debit                              Credit

A) Cost of goods sold                     34,160

       Inventory                                                                      26,800

Excess of replacements cost over LIFO                              7360

(To record the sales of 1,340 units of LIFO)  

Inventory                                             18,400

Cost of inventory liquidated                      7360

Cost of goods sold                              3680

Accounts payable                                                                  29,440

(To replace the 920 units of LIFO base)  

B) Cost of goods sold                       29,520

Inventory                                                                             26800

Excess of replacement costs over LIFO                               2720

(To record the sale of 1340 units of LIFO to be placed)  

Excess of replacement costs over LIFO 2720

Cost of goods sold                                                             2720

(To eliminate the remaining balance in LIFO valuation)  

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There will be an increase in labor demand and no change in the labor supply. Both the equilibrium salary and the equilibrium amount will rise. According to estimates, the hybrid automobile industry will expand every year.

An internal combustion engine plus one or more electric motors that use battery energy power hybrid automobile industry. It is impossible to plug in a hybrid electric car to recharge its battery. Regenerative braking and the internal combustion engine work together to charge the battery instead. According to our research analyst's report, the market for hybrid vehicles is anticipated to expand at a CAGR of around 30% over the forecast period (2022-2030). The market for hybrid vehicles was estimated to generate around USD 329 billion in sales in 2021, and it is anticipated to grow to USD 1670 billion by 2030.

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Net profit from sole proprietorship =50,000

Dividends =900

Deduction for SR tax = (3533)

AGI =47,367

Mr. and Mrs. Nelson's AGI are $47,367

A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated firm with just one owner who is responsible for paying personal income tax on the company's profits. Since it's not essential to register a distinct business or trade name, many sole owners operate under their own identities.

Due to a lack of governmental oversight, a sole proprietorship is the most straightforward kind of business to start or dissolve. As a result, consultants, single proprietors, and other freelancers frequently operate these kinds of enterprises. The majority of small firms begin as sole proprietorships, grow, and then convert to a limited liability organization or corporation.

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The statement says that when more than one security interest has been perfected in the same collateral, their claims are satisfied proportionately to their value. This statement is true.

When more than one party claims an interest in the same collateral, a perfected secured party's interest does not have priority over the interests of most other parties.

An enforceable legal claim or lien on the property that has been pledged as collateral, typically to acquire a loan, is known as a security interest. In exchange for the right to take back all or part of the property in the event that the borrower ceases making loan payments, the borrower grants the lender a security interest in a number of assets.

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Practically speaking it is better for both parties if reasonable efforts are made to resolve controversies through the use of Alternative Dispute Resolution (ADR) procedures prior to the submission of a protest to the GAO or Federal Claims Court.TRUE

Alternative dispute decision, or external dispute decision, commonly denotes a wide range of dispute resolution methods and techniques that events can use to settle disputes with the help of a third birthday party. they're used for disagreeing parties who can't come to an agreement brief of litigation.

Alternative dispute resolution (ADR) refers to the distinct ways human beings can clear up disputes with out a trial. not unusual ADR techniques encompass mediation, arbitration, and neutral evaluation. these processes are commonly personal, much less formal, and much less disturbing than traditional court docket proceedings.

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The gross profit of $263,650 can be calculated using the information below.

Cost allocation is the act of identifying and assigning costs to the cost items in your company, such as products, projects, or even an entire department or independent business branch.

Your gross profit is the selling price of your products less the manufacturing costs. For a service-based organization, it is the selling price of your service less the expense of the time it took to execute the task. Gross profit is the difference between total sales (also known as revenue or turnover) and the total cost of sales.

Raw Material= Opening Stock + Purchases= $94,500 + $505,800= $600,300

Indirect Material= $52,900

Indirect Labor= $25,900

Factory rent= $34,900

Factory utilities= $21,900

Factory equipment depreciation= $56,800

Total cost= Indirect material + Raw material + Indirect labor + Factory Rent + Factory utilities + Factory equipment depreciation

= $52,900 + $600,300 + $25,900 + $34,900 + $21,900 + $56,800

=792,700

Job 306 cost allocation :  $792,700 X 50% = $396,350

Revenue of Job 306 : $660,000

Gross Profit = Revenue of Job 306 - Job 306 cost allocation

                    = $660,000 - $396,350= $263,650

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The complete question is:

raw materials inventory has a march 31 balance of $94,500. raw materials purchases in April are $505,800, and total factory payroll cost in April is $394,900. actual overhead costs incurred in April are indirect materials, $52,900; indirect labor, $25,900; factory rent, $34,900; factory utilities, $21,900; and factory equipment depreciation, $56,800. predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $660,000 cash in April. Costs of the three jobs worked on in April follow.

Testimonials offer the best potential when it comes to the field of buying and selling goods and services

In business people who buy and use products often recommend these products to their friends and family members, however, this is largely dependent on how effective these products or services are.

In clear terms, the events where products and services are being recommended by an early user to an intended user are called testimonials.

Another Business marketing product called make Potential sale is Online Advertising.

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Closing inventory costs at $46500 which has 5000 units. Thus, average cost is $9.3.

It is given that the beginning inventory is of $32000 i.e. units of 4000 and cost is $8. thus, 4000*8

There has been sale on jan 5 of 2000 units.

Thus, remaining inventory = 4000 - 2000 = 2000 units * $8 = $16000

Purchase on 10January of 3000 units at $9 = $27000

Thus, remaining inventory = $16000 + 27000 = 43000 and 5000 units. Thus, cost per unit = 43000/5000 = $8.6

sale on 12jan = 1000 units = $8.6 * 1000 = $8600

Thus, remaining inventory = 4000 units (5000-1000) at $34400 (43000-8600)

Purchase on Jan 18 = 4000 units at 10 = $40000

Remaining inventory = 8000 units of $74400. Thus, avg cost = $9.3

Sale on Jan 20 = 3000 units at $9.3 = $27900

Thus, remaining inventory = 5000 units of $46500.

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The true statement is that shareholders of company brought a lawsuit against the top management.

The term "shareholder" refers to an individual or legal entity (such as another corporation, a body politic, a trust, or a partnership) who is officially recognized by a corporation as the owner of shares of a public or private corporation's share capital. When a person or legal organization enters their name and other details in the company's register of shareholders or members, they become a shareholder. The Corporation is not required or permitted, unless required or permitted by law, to investigate the ownership of the Shares in dispute. The degree to which a shareholder controls the company depends on their shareholding proportion. Legally speaking, a corporation's stockholders are separate entities from the company itself.

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productivity is one of the basic subject areas that should be on a checklist of criteria for evaluating middlemen serving a market.

Productivity, in economics, productivity output per unit of input, such as labor, capital, or any other resource. It is often calculated for the economy as a ratio of gross domestic product (GDP) to hours worked.

Labor productivity may be further broken down by sector to examine trends in labor growth, wage levels, and technological improvement. Corporate profits and shareholder returns are directly linked to productivity growth.

At the corporate level, productivity is a measure of the efficiency of a company's production process, it is calculated by measuring the number of units produced relative to employee labor hours or by measuring a company's net sales relative to employee labor hours.

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The owner supplies the posterior distribution E(X) = $23,333.33, which represents the likelihood that the particular set of office will be rented each year.

Selling and delivering goods and services from a manufacturer to a customer is known as distribution. Another name for this is product distribution. To guarantee that clients and other participants in the distribution network are satisfied, it is crucial to enhance distribution as firms grow more global.

Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients. Unhappy customers and subpar service delivery may result from a company's failure to find the optimal group of enterprises for this purpose.

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In a competitive market in which the production of a good causes pollution, the socially optimal output is different from the competitive market equilibrium output of that good because the marginal social benefit is lower than the marginal private cost.

A single customer or producer cannot control the market in a free market. In a perfect market, there are numerous knowledgeable buyers and sellers, no obstacles to entry, and no chance of a monopoly. A robust U.S. economy depends on healthy market competition.

The basic economic theory reveals that when businesses compete for consumers, it results in cheaper pricing, higher-quality goods and services, more variety, and more innovation. Maintaining cheap pricing and a wide variety of high-quality goods and services helps customers. Our economy functions because of competition. The Federal Trade Commission contributes to maintaining the openness and freedom of our markets by enforcing antitrust laws.

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Explanation:

The correct answer is "marginal social benefit is lower than the marginal private cost."

In a competitive market where the production of a good causes pollution, the negative externalities of pollution will cause the marginal social cost of production to exceed the marginal private cost. At the same time, the marginal social benefit of consuming the good will be lower than the marginal private benefit due to the negative effects of pollution. This means that the market will tend to produce more of the good than is socially optimal. The socially optimal level of output is lower than the competitive market equilibrium level of output, and is where the marginal social cost is equal to the marginal social benefit.

Net Cash flow from Operating activities $290

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $145

Adjustment made:

Add: Depreciation expense $98

Add: Loss on sale of land $4

Add: Amortization expense $5

Less: Increase in cash balance -$8 ($138 - $130)

Add: Decrease in accounts receivable $16 ($261 - $277)

Add: Decrease in inventory $15 ($465 - $480)

Add: Increase in accounts payable $9 ($203 - $194)

Less: Decrease in salaries payable -$9 ($107 - $116)

Add: Increase in interest payable $7 ($57 - $50)

Add: Increase in income tax payable $8 ($48 - $40)

Total of Adjustments                                                           $145

Net Cash flow from Operating activities $290

There are three cash flow types that organizations should music and analyze to decide the liquidity and solvency of the business: cash flow from working sports, coins go with the flow from making investment sports, and cash go with the flow from financing sports. All 3 are covered on an organization's cash glide assertion.

Coins float is vital as it enables you to satisfy your existing financial obligations in addition to planning for the future. but, coins drift is a common mission amongst small businesses.

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To move the economy to potential output, the government should reduce its spending by an amount equal to aggregate price level.

When the total amount of output required and supplied equals one another, an economy is in short-run equilibrium. When total output and total demand are equal, this is referred to as short-run equilibrium. When prices respond to market changes and the economy is operating at its maximum potential, long-run equilibrium has been reached. Solution: Due to the fact that market supply and demand are equal, the short-run equilibrium price is determined. Since Qd(p) = 110 p and Qs(p) = 10 p, or 110 p = 10 p, it follows that 11p = 110 and p = 10. So, Q = 100 is the market equilibrium quantity.

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True. The purpose of many social programs is to reduce economic inequality by redistributing wealth from the wealthy to the less fortunate. This is done in order to provide resources to those in need and to promote social mobility. Such programs can include:

In today’s modern world, economic inequality is a pervasive and growing problem. These programs can range from welfare, food stamps, and housing assistance to other forms of aid.

The impact of these social programs on economic inequality has been significant. By providing resources to those in need, social programs have helped to reduce poverty by providing people with access to basic necessities and a pathway out of poverty. Additionally, these programs have enabled social mobility, allowing individuals to gain access to educational and job opportunities that they would not have otherwise had. This has helped to reduce the gap between the wealthy and the poor by creating a more level playing field for those in poverty.

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Determining the number of materials, goods, and resources—including labor—that are needed is one of the key roles played by SCM. Using historical and real-time data, an ERP system with SCM capabilities automatically generates supply and demand projections, assisting businesses in fast adapting to their supply chains' continual change.

Planning, carrying out, controlling, and monitoring supply-chain operations are all part of supply chain management (SCM). An ERP solution handles the market component of successfully managing demand and supply to satisfy consumer requests as well as the market-related physical aspects of supply, such as storage and transportation. Transparency among the team members working on the supply chain process will be made possible by the ERP system. Additionally, it will improve vendor and company cooperation. Suppliers will also be linked to your ERP dashboard, enabling them to collaborate with you more successfully to achieve your objectives and eliminate bottlenecks. Supply chain management and ensuring that firms can react to market changes both depend heavily on ERP solutions.

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