Customers want organizations when meeting their needs or finding a satisfactory solution to be flexible and open for further suggestions.
Who are customers?Customers are individual who buys from an organization. They can be consumer or end users.
They want company or individual to be flexible when dealing with them in other to provide them with more satisfaction.
Therefore, Customers want organizations when meeting their needs or finding a satisfactory solution to be flexible and open for further suggestions.
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When meeting customers' needs or finding satisfactory solutions to their wants, the organization must be flexible.
What is flexibility in customer service?Flexibility in customer service shows the organization's ability to adjust to customer situations, recognizing that individual customers vary.
Each customer encounter needs to be attended to with flexibility, professionalism, and a patient learning attitude.
Thus, customers want organizations to be flexible when meeting their needs or finding a satisfactory solution.
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The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending Raw materials inventory $ 547,000 $ 610,000 The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
Raw materials purchased during the year amount to: $1,081,000
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
To calculate the direct material purchased, we need to use the following formula:
Beginning Raw Materials + Purchases – Ending Raw Materials = Raw Materials Used
$547,000 + Purchases – $610,000 = $1,018,000;
Purchases = $1,018,000 + $610,000 – $547,000 = $1,081,000
What is the Cost of Raw Materials Purchased?
Purchases of raw materials, consumables and services are purchases of all commodities used as inputs in the production process and of services related to the supply of factors of production, such as renting property or equipment, leasing, temporary staff, and, in general, all outside services purchased for own use.
The cost of raw materials purchased can therefore be calculated as follows: Raw Materials Purchased = (Ending Inventory – Beginning Inventory) + Cost of Goods Sold. A direct material purchases budget determines the quantity of material purchased within a production period.
Your question is incomplete, but most probably your full question was:
The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:
Beginning Ending Raw materials inventory $547,000 $610,000.The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to:
A. $955,000.
B. $892,000.
C. $1,565,000.
D. $408,000.
E. $1,081,000.
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Firms with volatile operating income tend to have lower debt ratios because Blank______. Multiple choice question. there is a lower probability of experiencing financial distress there is a higher probability of experiencing financial distress the need for external financing is higher the need for external financing is lower
Option 2 is correct - There is a higher probability of experiencing Financial distress.
Firms with volatile operating income tend to have lower debt ratios because there is a higher probability of experiencing financial distress.
Financial distress is a condition in which a company or individual cannot generate sufficient revenues or income, making it unable to meet or pay its financial obligations. This is generally due to high fixed costs, a large degree of illiquid assets, or revenues sensitive to economic downturns.
Following reasons can lead to financial distress in a firm.
Cash flows - The first sign that things are going wrong is a constant shortage of cash. The old adage that cash is king exists for a reasonFalling margins and poor profits - Experienced entrepreneurs have learnt that for long-term survival what matters are profits, not only sales. Poor profits are usually the first indicators that a business is not doing well.Poor sales growth or decline in revenues - When there is no sales growth despite extreme marketing activities, this could indicate a lack of customer acceptance, which is key to any business success.Extended payment days - Another sign of possible trouble is a rise in either creditor or debtor payment days. If business has to delay payments to its creditors, this can force some suppliers to stop supplyingDifficulty in raising capital - If a company is constantly borrowing and asking its investors to inject more capital, this is an underlying sign that it is increasingly finding it difficult to self-sustain.Hence, Firms with volatile operating income tend to have lower debt ratios because there is a higher probability of experiencing financial distress.
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Nikki is buying a new house and new furniture to decorate her new home. What kind of tax — progressive or regressive — will Nikki pay on each of her new purchases?
A regressive tax is that tax rate that Nikki will pay on the purchase on the new house and new furniture.
What is a regressive tax?This refers to a tax for which the percentage of income paid in taxes decreases as income increases.
These tax type are paid regardless of income such as the sales taxes, sin taxes, and property taxes.
Therefore, the regressive tax is that tax rate that Nikki will pay on the purchase on the new house and new furniture.
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Helping a new employee learn the ropes of the organization and fit easily into the new job is known as ______.
Helping a new employee learn the ropes of the organization and fit easily into the new job is known aa orientation in human resource development .
Human resource developmentHuman resource development (HRD) is defined as the cultivation of an organization's employees. It entails providing workers with skills and relevant knowledge that may help them to grow in the workplace. That makes human resource development an integral part of human resource management.
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Insurance companies can cancel your premium for any reason during the first ____ days after your policy is activated.
Answer:
60 Days
An insurance company can cancel your insurance during the first 60 days.
Despite its innovative graphic design, the website for Shabby-Chic Decor did not seem to attract customers who lingered. In fact, most website visitors left the site before they made a purchase. Which measure does the owner need to address
Bounce rate is the measure that the owner needs to address.
What is the Bounce rate?
Bounce rate is a word used in internet marketing and business terms to describe the examination of website visitor data. The rate (always expressed as a percentage) shows the proportion of web users who arrive, view a single page, then leave.
The bounce rate of a website is important because it reveals how well users are engaging with its content or user interface, or more crucially, how poorly they are not. When someone sees a single page on your website and accomplishes nothing before leaving, that rate is known as a bounce rate.
it is derived by calculating the overall number of one-page visits by the overall number of visitors.
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An activity measure focused on the number of items produced in the production process is called a(n) ______ measure.
An activity measure focused on the number of items produced in the production process is called a(n) Output measure.
More about output measure:
When we talk about output measurement in production another contradictory term which comes to our mind is outcome measurement.
Output measurement:
Measures of an organization's output what it generates during production. For a health department, an example of this may be the quantity of homes that have had their lead paint examined. Or the number of people trained as part of a training programme
Outcome measurement:
Measures related to what the organization aims to achieve. These are sometimes divided into short-term, medium-term and long-term measures.
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What is a list of quantities of components, ingredients, and materials required to make a product?.
A list of quantities of components, ingredients, and materials required to make a product is bill-of-material.
However if you're searching out a preferred parent to get began out, the overall cost of developing the most modest merchandise is $30,000, on not unusual. This discern applies to fairly easy merchandise and consists of the fee of designing, prototyping, attempting out, and launching the brand new product.
A product is any object or provider you sell to serve a customer's wants or needs. They may be physical or virtual. Bodily merchandise consists of long-lasting items (consisting of vehicles, furnishings, and computer structures) and nondurable gadgets (which consist of food and drinks).
In worldwide of Alibaba and ThomasNet, production of your very personal products is possible without even talking to your provider or assembly head to head. When you have small adjustments which may be smooth to carry and put into effect, you've got so that it will achieve this with no problem.
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Which should be included in a firm's business model?
A firm's expected revenues and expenses are what should be included in a firm's business model.
What is a business model?A business model is document that contains processes and procedures of how a company would operate.
This document is important for effective organization control and also assist coordinate business relationships amongst stakeholders
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The structure, processes, and procedures of an organization are designed, put into place, reviewed, and reworked through a process known as ______.
Answer:
review I think
Explanation:
I think I'm sorry if wrong
The structure, processes, and procedures of an organization are designed, put into place, reviewed, and reworked through a process known as Organizational design.
What is organization?An organization is a collection of individuals who work together to fulfill the management's common aims. There are a range of people present in the organization who work and interact with one another to influence how the company operates.
Every organization has three levels: the top level, the midlevel, and the lowest level.
Organizational design is the method of matching an organization's structure with its objectives, with the ultimate goal of increasing efficiency and effectiveness. Work might be prompted by the need to enhance service delivery or specific industry procedures, or by a new requirement.
Therefore, it can be concluded that Organizational design is prepared a structure in order to carry down all business activities.
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Kris transfers a note, on which Liu is the maker, to Mia, who takes it for value and in good faith. Mia knows that Kris breached the contract underlying the note, giving Liu a defense against payment. With respect to this note, Mia is
With respect to this note, Mia is an ordinary holder.
What is a ordinary holder?Corresponds to an individual who acquires a good or service in good faith against a payment, becoming the owner of the good and with the expectation that the purchase and sale process will be carried out by law.
Therefore, a ordinary holder like Mia, who knows of the breach of contract underlying the note, gives the maker Liu the legal right not to make the payment.
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I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
Volatility or Blank______ increases for equity holders when leverage increases. Multiple choice question. inevitability certainty yield-to-maturity
The factors that increase for equity holders when the amount of leverage increases is d. risk.
What does an increase in leverage lead to?When there is an increase in the leverage that a company holds, the worry that the company will not be able to pay off the debt also increases.
This leads to more risk and volatility in company stock which would be felt by equity holders.
Remaining part of question:
a. inevitability.
b. certainty.
c. yield-to-maturity
d. risk.
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An increase in the price of coffee will _______ the market price and ________ the market quantity of tea, a substitute for coffee.
Increase; increase
being a perfect substitute for tea when the price of coffee increases the market price also increases and the market quantity of tea also increases as it is relatively cheaper than coffee.
Substitute Goods:
A substitute good can also be a service rather than just a tangible item. It is actually defined as a good or service that replaces another. For instance, more customers may choose to go to Burger King or KFC when the price of McDonald's rises. A similar product that can be used in place of another is what is meant by a substitute good, to put it another way. In other words, it resembles it enough to serve the same purpose. For instance, since both the iPhone and the Galaxy Note function as mobile phones, they both serve as substitutes
Substitute goods ensure there is a competitive environment. This is important because it helps keep prices down, and quality up.
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A prominent hedge fund investor argues that basic materials stocks (e.g. producers of iron ore, nickel, steel, cement, fertilizer, etc..) are in a secular bull market. If he is correct, this means that A. Supply of these products will exceed demand over the long-term before reaching equilibrium. B. Demand for these products will exceed supply over the short-term before reaching equilibrium. C. Supply of these products will exceed demand over the short-term before reaching equilibrium. D. Demand for these products will exceed supply over the long-term before reaching equilibrium.
If the hedge fund investor is right, this means the ''demand for these products will exceed supply over the long-term before reaching equilibrium'' in a secular bull market. The correct answer is option D.
What is a secular bull market?A bear market is when demand is over supply and hence prices are high. Stocks tend to rise. In a "secular" bear market, this happens for a long period.
A secular bull market is a market that is driven by forces that could be in place for many years, causing the price of a particular investment or asset class to rise over a long period.In a secular bull market, positive conditions such as low interest rates and strong corporate earnings push stock prices higher.This long period can be years, 25 to 50 or more years In the stock market, a bull market is typically consistent with a 20% rise in stock prices How does the secular bull market end? or reach equilibrium?When asset prices fall by at least 20% from recent highs, a secular bull market is said to have ended. Long-term price drops (often lasting two months or longer) indicate the conclusion of a bull market and the start of a bear market. Investors worry over long-term economic development and pessimism are frequently present at the end of a bull market. Investors may sell their stocks and turn to safer alternatives like cash or bonds or certificates of deposit instead of stocks (CDs).
Since the hedge fund investor argues that the basic material stocks are in a secular bull market, he means that the demand for these products were constistently increasing by 20% in the stock market over years.
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If A prominent hedge fund investor is right, this means the ''Demand for these products will exceed supply over the long-term before reaching equilibrium'' in a secular bull market.
What is a secular bull market?A bear market is when demand is over supply and hence prices are high. Stocks tend to rise. In a "secular" bear market, this happens for a long period.
A secular bull market is a market that is driven by forces that could be in place for many years, causing the price of a particular investment or asset class to rise over a long period.
In a secular bull market, positive conditions such as low interest rates and strong corporate earnings push stock prices higher. This long period can be years, 25 to 50 or more years . In the stock market, a bull market is typically consistent with a 20% rise in stock prices.
Thus, we can say that the right answer is D.
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Can I Plss get some help on this thank you
Answer:
the United state has a comparative advantage in producing coal
A major difference between monopolistic competition and perfect competition is A) the number of sellers in the markets. B) the degree by which the market demand
A major difference between monopolistic competition and perfect competition is " that products are not standardised in monopolistic competition unlike in perfect competition."
What is monopolistic competition and perfect competition?In a monopolistic market, a single company controls the amount of supply and the prices of goods and services. Consumers are likely to be familiar with a variety of industries that exhibit monopolistic competition in their daily lives. Restaurants, hair salons, apparel, and consumer gadgets are a few examples.A market with perfect competition is one with many enterprises and no dominant player. No market is entirely monopolistic or completely competitive in the actual world.To know more about the common goods and services a family buy, here
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The fact that a few improvements in a few key areas of operations will have more impact than many improvements in many other areas is consistent with the
The concept of Pareto phenomenon is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.
What is a Pareto phenomenon?The principle states that for many outcomes like roughly 80% of consequences come from 20% of the causes.
Hence, this concept is observed where a few improvements in a few key areas of operations have more impact than many improvements in many other areas.
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The CEO of a multinational company finds that profits are drastically decreasing. He realizes that employees need to be immediately made aware of the challenges faces the company, and he wants them to know he is personally concerned. The company has several branches in various parts of the world. What is the most appropriate media for the CEO to use
The CEO should use videoconference. In general, one should deliver straightforward and routine communications through less rich media and challenging and unique messages through richer media.
What are the advantages of Media in Business?Helps in getting more awareness about the business to the employees, clients and public.Cheap way of communicationWith the advent of social media, advertisements can be made easy and convenientlyPeople can compare different productsFirms can maintain coordination of its employeesRecruit new hireTo conduct market research and ask for reviewsIt provides great exposureIt provides a powerful marketing platform for freeIt facilitates online discussions and meeting via videoconferencing, voice calls, etc. Helps to reach a larger audience and inform a common thing.You can learn more about Multinational Corporations here:
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The trend of the world economy toward becoming a more interdependent system is known as:.
Globalization.
Globalization is the trend of the world economy toward becoming a more interdependent system. The shrinking of time and space making it easier for people to communicate is referred to as the global village. The term "global village" refers to the tendency for all cultures to become more alike.
Globalization refers to the process by which technological, economic, political, and cultural exchanges make the world a more interconnected and interdependent place.
Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result.
Global Interconnectedness refers to the ability to understand and function in an increasingly multicultural, international, yet interconnected environment. It fosters the development of individuals to become successful professionals, civic leaders, and informed citizens in a diverse national and global society.
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It is claimed that a secondary advantage of mutual funds is that a. they give ordinary people access to the skills of professional money managers. b. an investor can avoid investment charges and fees. c. they give ordinary people access to loanable funds for investing. d. they usually outperform stock market indexes.
A secondary advantage of mutual funds is that they give ordinary people access to the skills of professional money managers.
What is a mutual funds?A mutual fund is when a group of investors pool money together to buy financial assets such as stocks, bonds and derivatives which are managed by a manager.
Mutual funds allows those with small assets under management to be able to access the services of a professional money manger as a professional manager might only be accessible to those with high assets under management.
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A company should select the capital structure that Blank______. Multiple choice question. results in the lowest taxes maximizes the company's value has the lowest leverage results in the lowest debt
A company should select the capital structure that maximizes the company's value.
A company's capital structure refers to its decisions regarding the upkeep of financing.
Company size and maturity determines capital structure. The capital used for financing a business is referred to as its capital structure. Shareholder's equity, debt, and preferred stock are all included in the balance sheet that is finally drawn up under the capital structure of a company. Capital structure enumerates the funds that help the company operate, hence its importance for the company. To maximize the company's value it becomes increasingly important for the company to select an ideal capital structure.Therefore, a company should select the capital structure that maximizes the company's value.
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_____ theory is based on the premise that an individual's intention to work toward a goal is a primary source of motivation. Group of answer choices Expectancy Goal-setting Scientific management Equity
Option B. Goal setting theory is the premise that an individual's intention to work toward a goal is a primary source of motivation.
What does it mean to set goals?This is one of the ways that people are able to meet up with the plans that they make.
To make goals means to make a list of the things that a person may want to achieve and the ways they plan to carry out their plans.
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Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organization chart, which will
clarify positions and reporting relationships within the firm will be Upon beginning her career at Davidson Inc., a small consulting firm, Stephanie Benjamin receives a copy of the firm's organization chart.
What is a consulting firm?
A consulting firm is an organisation made up of specialists in a certain area who provide firms with problems they can't handle internally with expert advice, direction, and workable solutions. Every business will inevitably run into issues, and consulting firms are hired to help.
Executives typically contact consulting companies to send consultants—industry experts who are sent to watch and assess a company's operations. Consultants provide direction and practical answers to whatever issues the organisation may be facing. Companies use consulting firms to provide their knowledge on issues that cannot be resolved internally. These firms typically have specialised areas of emphasis.
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Sum Company has reminded Innovation Marketing of the limitations of their budget. Innovation Marketing reviewed the marketing plan to prompt Sum Company to look at the relationship between the communications analysis and the budget determination. This is known as
A planning process is ongoing when there is a review of the marketing plan to prompt Sum Company to look at the relationship between analysis and determination.
What is a planning process?This refers to the necessary steps taken by a company to develop its budgets to guide its future activities.
Hence, a planning process is ongoing when there is a review of the marketing plan to prompt Sum Company to look at the relationship between analysis and determination.
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Ballard Company incurred a total cost of $9,600 to produce 400 units of pulp. Each unit of pulp required five (5) direct labor hours to complete. What is the total fixed cost if the variable cost was $1.80 per direct labor hour
The answer is $6000.
Given,
total cost = $9,600
produce = 400 units of pulp
Each unit of pulp = 5 direct labor hours
variable cost = $1.80 per direct labor hour
Total direct labor hours = Units of pulp produced ×no. of direct labor hours required for one unit of pulp
Now substituting the values in the above equation we get,
Total direct labor hours = 400 units × 5 direct labor hours
= 2000 direct labor hours
Total variable cost = variable cost per direct labor hour × total direct labor hours
Now substituting the values in the above equation we get,
Total variable cost = $1.80 × 2000 direct labor hours
= $3600
Since, Total cost = Total fixed cost + total variable cost
Now substituting the values in the above equation we get,
$9600 = Total fixed cost + $3600
Total fixed cost = $9600 - $3600
= $6000
Hence, for the given case total fixed cost if the variable cost was $1.80 per direct labor hour is $6000.
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Brother Company uses variable costing. Their direct materials are $8, direct labor is $6 and total overhead is $5 of which $3 is variable. What is Brother Company's total unit cost
If Brother Company uses variable costing. Brother Company's total unit cost is $17.
Total unit costUsing this formula
Total unit cos=Direct materials+Direct labor+ Variable
Let plug in the formula
Total unit cost=$8+$6+$3
Total unit cost=$17
Therefore If Brother Company uses variable costing. Brother Company's total unit cost is $17.
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Luxury motors introduced a new car to its already popular sedan line. The new car sold very well in its first year, so the company was surprised to find that its overall sales volume remained about the same as did its market share. What is the likely reason for this
The new car's cannibalization of the company's existing product range occurred is the likely reason for this.
What is meant by car's cannibalization?To take out salvageable parts from something, as a broken machine in order to put something else together or fix it. To include a part taken from one thing into the building, repairing, or making of another object.
One of the most well-known examples of product cannibalization is Coca-Cola. Coca-Cola offers a number of products that compete for the same customers, from cherry coke and vanilla coke to coke zero. This phenomenon reduces market share and revenue for each party involved.
Although the introduction of a new product line will inevitably lead to product cannibalization.
Thus, The new car's cannibalization of the company's existing product range occurred.
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Select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy. Multiple select question. Increasing sales Supply chain power Buying power Attracting new customers Decreasing costs
The leadership plans that must be included to achieve a solid business strategy are options A, C, and D. Option A is to increase sales; Option C is to attract new customers; and Option D is to reduce costs.
What is a business strategy?An outline that is drawn by keeping in mind the set of goals, plans, or actions that are to be achieved by the company for a successful business in the market with the same kind of product or service is known as a business strategy.
In simple words, to make the growth of business continuous and to maintain the position of business or to grow it, a systematic plan is made on which all the employees of the firm work. This plan is known as a business strategy.
Therefore, 3 goals or objectives that a leadership plan might include to achieve a solid business strategy are option A: increasing sales power, Option C is to attract new customers, while Option D is to reduce costs.
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Your next-door neighbor, a kind, elderly lady, just discovered that her stock account had been excessively traded in an inappropriate manner, mainly to generate excess commissions. This is an example of Question 14 options: account theft. black market trading. high turnover trading. churning. None of these.
This is an example of Churning.
What is Churning?Churning, or excessive trading of assets in a client's account by a broker to generate commissions, is an unlawful and unethical practice. Churning cannot be quantified, it may be demonstrated by the repeated purchasing and selling of stocks or other assets that fall short of the client's investing goals.Churning is the practice of exchanging assets excessively in a client's brokerage account in an effort to earn commissions.What is Trading?Trading, as opposed to investing, is the act of purchasing and selling financial instruments including stocks, bonds, currencies, and commodities.Learn more about Trading with the help of the given link:
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