The three participants of a closed economy are households, businesses, and the government.
A closed economy is one in which no country trades or engages in other financial exchanges. The closed economy is self-sufficient, meaning no imports or exports enter or exit the country.
The goal of a closed economy is to supply all domestic consumer's needs from within the country's borders.
Countries close their economies due to the fear of relying solely on imports and their incapacity to compete in international trade. Domestic producers or businesses are concerned about the potential of low worldwide pricing affecting their profit or causing them to lose money. Since not all materials are easily obtainable in every country, it is generally difficult for an economy to remain closed.
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T/F to be enforceable, a contract for a sale of goods priced at $50 or more must be in writing.
The statement, a contract for a sale of goods priced at $50 or more must be in writing is True ,
It is necessary to have written documentation or an electronic record of a contract for the sale of items costing $50 or more. Oral agreements to settle another party's debt are never upholdable. An oral agreement must be documented in writing by the party seeking to enforce it for it to be enforceable.
The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer,
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What are the factors that can influence the flexibility?
Flexibility is an essential part of successful company culture. Organizational flexibility is the ability that consists of the adaption to a turbulent business setting and a supple enterprise can create numerous shifts in a fairly brief period and at comparatively low inputs.
Flexible work appeals to trust. Not just from employee to employer but vice versa. It builds allegiance. When people have belief, they genuinely tend to make useful decisions and will go to bat against negativity. It fosters satisfaction. It also bolsters productivity. With flexible work, productivity skyrockets. Flexibility develops diversity. This is due to the variety of hiring from around the world. It unites people. Flexible work help connect staffers and associations to the community in which they operate.
Finally, it endorses success. Given that flexibility affords people sovereignty, freedom, and harmony, people perform fairer.
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What are the three types of financial planning?
Cash flow plans, investment plans, and insurance plans are the three basic categories of financial planning. A financial planning is a comprehensive analysis of a person's current earnings.
What does the phrase "financial planning" mean?In order for a company to fulfill its strategic goals and objectives, financial planning must be done. The Financial Plan is often developed by a corporation as soon as the vision and goals have been established. According to common usage, a financial plan is a thorough assessment of a person's present earnings and future financial condition that uses currently available information to forecast future earnings, asset values, and withdrawal schedules.
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What is selling the rights to place a brand name on products such as t-shirts referred to as?
a. international branding
b. national branding
c. private branding
d. regional branding
e. licensed branding
Selling the rights to place a brand name on products such as t-shirts referred to as licensed branding.
Leasing a brand name to some other business is known as licensed branding. The leased brand is then utilised for the duration of the agreement in a specific way and within a given geographic area. However, it is one that a lot of businesses and brands are not utilising. The business that leases a brand is referred to as the licensee, whereas the corporation that grants a brand is the licensor.
Although the licensee uses the brand name to sell their product or service, the licensor receives royalties. As a result of being able to reach the consumers of the rival brand, the licensee has access to a larger market. A good or service can enter a new market and develop strategically with a licenced brand.
The correct answer is option E.
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4. at the beginning of the pandemic the fed engaged in the immense buying of bonds from the private sector. the goal of the fed was to do one of the following: a. increase government investment to narrow the deficit. b. increase interest rates to boost the wealth of investors. c. contract m1 to fight inflationary price gouging. d. expand m1 to lower interest rates.
Maximum employment and stable prices, which translates to low, steady inflation, are the two equal aims set forth by Congress for the Fed's monetary policy.
What 3 things carries out the Fed? The Fed affects the cost and availability of credit and money in order to support a robust economy. It is the nation's monetary policy authority.Maximum employment and stable prices, or low, steady inflation, are the Fed's two equally important monetary policy objectives as set forth by Congress.The Federal Reserve, sometimes known as the Fed, is the most potent economic institution in the world, if not the entire country of the United States.Setting interest rates, controlling the money supply, and overseeing the financial system are some of its main functions.Maximum employment and price stability are the two economic objectives that the Federal Reserve System is tasked with pursuing.It achieves this by implementing monetary policy, or managing financial circumstances in a way that promotes progress toward its dual mandate objectives, utilizing a number of policy tools.
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the many by-products of the production process, such as fly from cotton spinning; warp ends from weaving; ferrous and nonferrous metal from boring, drilling, and stamping machines; flash metal from the foundry process; or paper cuttings from the binding process are examples of:
Scrap includes a wide range of by-products from the production process.
What are by-products?A by-product is a secondary good that results from a manufacturing procedure, industrial process, or chemical reaction; it is not the main good or service being created.
A by-product can be beneficial and marketable or it can be viewed as waste. For instance, bran, which is produced when wheat is milled into refined flour, is frequently composted or burned for disposal but can also be used as a wholesome component of food for humans or animals.
Originally a waste product from oil refining, gasoline ultimately developed into a valuable commodity used as motor fuel. A byproduct of the oil refining process was also the beginning of the plastic used in plastic shopping bags.
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What are common reasons for personal loans?
Answer:
Alternative to payday loan. ...
Home remodeling. ...
Moving costs. ...
Emergency expenses. ...
Large purchases. ...
Vehicle financing. ...
Wedding expenses.
Explanation:
What techniques can you use to present solutions to workplace problems to stakeholders?
Active breaks, adequate rest, breathing exercises, and yoga are a few stress-reduction strategies that can be used at workplace.
The term "stress" describes how a person's brain interprets a circumstance or occurrence as representing trouble in her life. The uncontrolled synthesis and release of hormones during times of stress puts the person in a state of alertness that can lead to other symptoms including high blood pressure, an increased heart rate, and low blood sugar.
It is advised to approach work situations with calmness and ease in order to combat job stress and prevent these symptoms and health concerns. Other stress-relieving activities include practising yoga, doing breathing exercises, not bringing work home, taking active breaks, and getting enough sleep at night.
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What are your ways to protect yourself from being a target of cybercrime?
A combination of preventive and reactive steps must be taken in order to protect oneself from cybercrime.
What defences do you have against becoming a victim of cybercrime?A combination of preventive and reactive steps must be taken in order to protect oneself from cybercrime.Utilizing robust and complicated passwords, changing them frequently, avoiding public Wi-Fi networks, and turning on two-factor authentication whenever possible are examples of preventative actions.Users should also keep up with the most recent cybercrime trends and be on the lookout for any unusual activity on their devices.Create secure passwords for all of your accounts, and never reuse them.Whenever practical, enable two-factor authentication.Always keep your operating systems and software up to date.Consistently create data backups.When using open WiFi, use a secure VPN.Use caution when opening attachments or clicking on links in emails and communications.Keep an eye out for strange behaviour in your accounts and credit reports.On your devices, instal antivirus and malware protection software.Watch out for unauthorised calls, emails, and messages on social media.When disclosing personal information online, exercise caution.To learn more about protect yourself from cybercrime refer to:
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What are the pros and cons of trade agreements?
FTAs can pressure neighborhood industries to become greater aggressive and count number less on authorities subsidies.
They can open new markets, enlarge gross domestic product (GDP), and invite new investments. FTAs can open up a us of a to degradation of herbal resources, loss of common livelihoods, and neighborhood employment issues.
What are the dangers of change agreements?The dangers are twofold. If FTAs are not set up within the proper framework of policies, they can lower as a substitute than decorate economic welfare. The 2nd drawback is that they are now not true automobiles for liberalising trade in sectors on which events outside the settlement have a major influence.
Free alternate agreements do not simply reduce and get rid of tariffs, they also assist address behind-the-border limitations that would in any other case impede the waft of items and services; encourage investment; and improve the policies affecting such issues as intellectual property, e-commerce and authorities procurement.
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https://brainly.com/question/2201430#SPJ4How does a team know when a backlog item is done?
The Scrum Team as a complete determines its Definition of Done in opposition to which “completed” Product Backlog objects will be compared
How does a Scrum group comprehend when a backlog item is done?This is achieved by means of inspecting the work since the final Daily Scrum and forecasting the work that ought to be carried out earlier than the next one. The Sprint Review is held at the quit of the Sprint to look at the product increment. During the Sprint Review, the Scrum Team and stakeholders evaluation what used to be finished in the Sprint.
How does the builders decide whether or not a product backlog object is done?At the Sprint Planning event, the Product Owner and the Scrum Team collaborate collectively to create a Sprint Goal - which describes why the Sprint is treasured - after which the Development group selects Product Backlog Items which describe what will be delivered and creates a diagram for how to supply them.
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https://brainly.com/question/4763588#SPJ4The accounting equation may be expressed as? Select one:
O a. Assets + Liabilities = Owner's Equity
O b. Assets - Liabilities = Owner's Equity
O c. Assets = Revenues less Liabilities
O.d. Assets = Equities - Liabilities
The accounting equation may be expressed as Assets - Liabilities = Owner's Equity.
The measuring, processing, and sharing of financial and non-financial information regarding economic entities like enterprises and corporations is known as accounting, also known as accountancy. The results of an organization's economic activities are measured through accounting, which has been referred to as the "language of business," and this information is shared with a range of stakeholders, including investors, creditors, managers, and regulators. Accountants are those who practise accounting. Accounting and financial reporting are frequently used interchangeably. Throughout the course of human history, accounting has taken on many shapes and levels of expertise. The Italian mathematician and Franciscan friar Luca Pacioli is frequently credited with creating the double-entry accounting system that is still in use today. This system was established in mediaeval Europe, particularly in Venice.
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a firm uses capital and labor in its production process. the marginal product for the last unit of labor is 5, the marginal product for the last unit of capital is 10, and the wage is $10. at what cost of hiring each unit of capital would the firm be minimizing the cost of the current output? responses $5 $5 $10 $10 $15 $15 $20 $20 $50
The cost of hiring each unit of capital would the firm be minimizing the cost of the current output is $20. Thus the correct option is D.
What is the marginal product?The additional output that is developed when an additional unit of input is added to the current arrangement of productive elements is known as the marginal product of the input.
The following condition occurs when a company lowers the cost of producing a specific output:
MPL/MPK= w/r
MPL= marginal product of labour=5
MPK= marginal product of capital=10
wage = w=10
rent of capital (r) =?
The values will be put in the given formula as
MPL/MPK= w/r
(5/10) = (10/r)
r= 10*2
=20.
To minimize the cost of the current output, the cost of hiring will be $20. Therefore, option D is appropriate.
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g how is investment spending affected by an increase in the budget deficit? group of answer choices investment spending increases to finance the deficit. investment spending increases as a result of the increase in government spending. investment spending is crowded out by the increase in the budget deficit. investment spending is unaffected by the increase in the budget deficit which affects only government spending.
The rise there in budget deficit displaces investment spending.
Why does the government have a budget deficit?Although the precise roots of a deficit in government spending can be difficult to pinpoint, they are typically brought about by low taxation and heavy spending. This is so because taxes, which are the gov't's main source of income, are low, which indicates that the government's overall income is also low.
Is a budget deficit good?Even though a shortfall budget is often regarded as a negative omen for the market, it can also be advantageous during recessions since it results in lower taxes or increased public spending, both of which serve to revive the economy.
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How will you protect yourself and your classmates to the threat of malwares?
Limit the amount of personal information you share on the internet. Change your privacy settings and avoid using location features. Keep your software and operating systems up to date.
How can you defend yourself against cyber hackers?Use strong and unique passwords for each of your accounts, and consider using a password manager to help keep track of them. Enable two-factor authentication on your accounts whenever possible.This adds an extra layer of security by requiring you to enter a code sent to your phone or email in addition to your password. Keep your software and devices up to date with the latest security patches and updates.Be cautious when clicking on links or downloading attachments, especially if you didn't expect to receive them. Use antivirus software to help protect your device from malware.Use a firewall to help block unauthorized access to your device. Be careful about the personal information you share online, and consider using a virtual private network (VPN) to help protect your privacy when you are connected to the internet.To learn more about antivirus refer :
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in a kickback scheme, the funds come directly from: a. a non-accomplice vendor b. the victim company c. an accomplice vendor d. employees with purchasing authority
A) The funds in a kickback scheme come directly from a vendor who is not an accomplice.
A kickback: What Is It?An illegal payment intended to compensate for preferential treatment, or any other improper service received is known as a kickback. Money, a gift, credit, or anything else of value can be used as the kickback. A corrupt practice that prevents an employee or public official from making independent decisions is receiving or paying kickbacks. A form of bribery, kickbacks are frequently referred to as such.
Contracts for procurement work well for kickback schemes. Contractors who want to win a government contract for office equipment, for instance, typically have to compete against one another in their bids. A contractor might get in touch with a procurement officer and say that if the contractor won, the officer would get something in return. The reward could be money, concert tickets, or something else.
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Who starts the sprint in Scrum?
The new Sprint begins as soon as your Sprint Retrospective concludes the previous Sprint. Before the Sprint begins, Sprint Planning should be attended to by the complete Scrum team. The Scrum Master monitors adherence to the Scrum rules.
Sprint planning is often facilitated by a scrum master or coach to make sure that the conversation is productive, that everyone agrees on the sprint goal, and that the right product backlog items are added to the sprint backlog.
The sprint objective is an essential component of the Scrum framework. During the sprint planning meeting, the Scrum team collaboratively creates it. The product owner normally directs its creation, and the development team selects the technology and features that will be used to achieve the objective.
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What type of economy does not use money?
A barter economy is a type of economy that does not involve the use of money.
A barter economy is a type of economy, wherein goods are used as a medium of exchange for buying other goods. Barter economies have gradually become irrelevant, as no use of money does not provide an ideal store and measure of value.
In fact, it can also be said that the barter economies are completely out of trend in the present world scenario. Furthermore, it is also to be added that the introduction of money has changed the use of monies in most cases.
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Which of the following is true of a continuous budget?
aa. It is a moving 6-month budget.
b. It forces managers to plan ahead constantly.
c. It is broken down into quarterly and monthly budgets.
d. It is a quarterly budget used only by manufacturing firms.
e. It rules out the comparison of actual data with budgeted data.
A true statement of a continuous budget is that b. It forces managers to plan ahead constantly.
What is a continuous budget ?The process of continuously adding one additional month to the end of a multi-period budget as each month passes is known as continuous budgeting. There is always a full-year budget in place because the continuous budgeting idea is typically used with a twelve-month budget.
Businesses frequently utilize continuous budgeting to estimate their financial demands more precisely and to make better strategic decisions about how to distribute their resources.
As a result, managers in companies with continuous budgets will have to keep planning ahead if they are to meet with the demands of the budget.
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Which of the following is an organizational influence factor on the job-related stress?
A) Type A personality
B) Locus of control
C) Role ambiguity
D) Neuroticism
Neuroticism (OPTION D) is an Organizations influence factor on the job-related stress. When the demands of the workplace do not align with a worker's abilities, resources, or needs, detrimental physical and emotional reactions known as job stress occur.
Stress at work can damage one's health and possibly cause injury. Employees who are under job stress are more likely to make mistakes, perform poorly, have mental health problems, burn out, and engage in conflict at work. Organizations pay the price in greater rates of turnover, disengagement, and absenteeism if job stress is not managed. Lack of time or an enormous workload is possibly the most frequently mentioned factor (Chart).
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What happens during a recovery period in the economy?
Following a recession, the business cycle stage known as economic recovery is characterized by an extended period of improving corporate activity.
In economics, a mixed economy is a market structure for allocating resources, conducting business, and conducting trade in which government involvement coexists with free markets. When a government intervenes to stifle free markets by enacting rules, tariffs, subsidies, state-owned firms (like public health or education systems), and other policies, a mixed economy may result. An alternative is that a socialist government can create a mixed economy by making exceptions to the rule of state ownership in order to profit economically from private ownership and free market incentives. All mixed economies combine the free market ideas of private contracting with the socialist concepts of economic recovery state ownership or planning. There is a mixed economy under socialist government.
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what is the principle cause of the difference between aggregate supply in the short run and in the long run? more resources are employed in the long run than in the short run. there is more inflation in the short run than in the long run. there is a time lag between price level changes and wage adjustments. there can be no economic growth in the short run. only the long run shows the tradeoffs required by any production decisions.
The principle cause of the difference between aggregate supply in the short run and in the long run is that (b) there is more inflation in the short run than in the long run.
Greater utilization of existing inputs in the manufacturing process is how aggregate supply responds in the short run to rising demand (and prices).
A corporation cannot build a new facility or implement new technologies to boost production efficiency in the short term since the quantity of capital is set. Instead, the business increases supply by making better use of its current means of production, such as increasing the number of hours that employees are given to work or making more use of the available technology.
However, in the long term, aggregate supply is unaffected by price level and is only influenced by increases in productivity and efficiency. These achievements include advances in technology, a rise in capital, and a rise in the skill and education levels of the labor force.
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in a merger financed by cash, the acquiring firm's shareholders' gain from the merger is equal to blank . multiple choice question. the economic gain from the merger minus the gain of the target firm's shareholders the excess cash received by the target firm's shareholders over the premerger market price of their shares the market value of the stock of the merged firm the total value of the assets of the merged firm
It generates a positive net present value to the shareholders of an acquiring firm.
Why Do Companies Merge With or Acquire Other Companies?Mergers and acquisitions (M&As) are the acts of combining two or more companies or assets in order to stimulate growth, gain a competitive advantage, increase market share, or influence supply chains.A merger is usually the fusion of two firms by mutual consent. Two firms partner in mergers to create an entirely new entity. Mergers happen in a variety of forms and for a variety of reasons. There are horizontal mergers (two equal competitors who look forward to reducing costs) and vertical mergers (a company merging with a supplier).Mergers are based on synergy since the purpose of the collusion is nothing more than producing a combined greater effect by two companies working together.Hostile acquisition is the type of acquisition when the board of directors of the target company is against takeover of the company while involuntary or voluntary acquisition is the type of acquisition that the board of directors of the target company duly approves the takeover.To learn more about merger and acquisition from the given link
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The term mergers and acquisitions (M&A) refers to the consolidation of companies or their major business assets through financial transactions between companies.
What is mergers and acquisitions (M&A)?In a merger, the boards of directors for two companies approve the combination and seek shareholders' approval. For example, in 1998, a merger deal occurred between the Digital Equipment Corporation and Compaq, whereby Compaq absorbed the Digital Equipment Corporation. In a simple acquisition, the acquiring company obtains the majority stake in the acquired firm, which does not change its name or alter its organizational structure. An example of this type of transaction is Manulife Financial Corporation's 2004 acquisition of John Hancock Financial Services, wherein both companies preserved their names and organizational structures.To learn more about mergers and acquisitions refer to:
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In a two-bin inventory system, the amount contained in the second bin is equal to the: A. ROP B. EOQ C. amount in the first bin D. optimum stocking level E. safety stock
In a two-bin inventory system, the amount which is contained in the second bin is considered to be equal to the ROP.
The two-bin inventory system which is sometimes also called the min-max system tends to involve the use of two bins, either physically or which is on the paper. Here, the first bin is intended for supplying the current demand and the second for satisfying demand, mostly during the replenishment period.
However, a reorder point (ROP) is seen as a specific level at which one's stock needs to be replenished. In other words, it will tell one that when to place an order so that they do not run out of stock.
Hence, option A is correct.
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Is contractionary fiscal policy good or bad?
Fiscal policy contraction is bad. Governments and central banks employ contractionary fiscal policy.
Governments and central banks employ contractionary fiscal policy as an economic tool to lower the amount of money available to the general public in order to fight inflation. In other words, it stands for the instruments that the government can employ to aid in economic stabilization and smooth out bubbles and upswings where inflation is more prone to occur.
The Federal Reserve typically employs contractionary fiscal policy to cool down an exceptionally "hot," or rapidly expanding, economy. Due to runaway inflation, which occurs in a rapidly expanding economy when inflation sharply rises and reduces consumer purchasing power, this can be dangerous. Fiscal policy contraction is bad.
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30. A method for tracking accounts receivable that matches specific invoices and payments from the customer is called a(n) A) specific identification B) balance forward C) cycle billing D) open-invoice entificatiomethod
3I) A vendor is selected for a certain product before the purchase of the product, the vendors identity is recorded in the A) purchase requisition transaction file. B) purchase requisition master file. C) inventory transaction file. D) inventory master file.
32) Steps in the expenditure cycle include all of the following except A) ordering B) shipping C) receiving. D) payment approval.
33) A disbursement voucher contains A) a list of outstanding invoices. B) the net payment amount after deducting applicable discounts and allowances C) the general ledger account(s) to be debited. D) All of the above are correct.
34) A voucher package generally includes A) a purchase requisition, vendor invoice, and receiving report. B) a purchase order, vendor invoice, and receiving report. C) a purchase requisition, purchase order, and receiving report D) a bill of lading and vendor invoice
Once a vendor is selected for a product, the vendor's identity is recorded in the inventory master file. This allows for specific Identification and reduces mix ups An item master allows one to record vital information about a particular inventory item. This includes date of manufacture, brief description of inventory item, height, weight, cost, and all the current inventory information.
An inventory file is a document that contains an electronic list of all items in a company's inventory, including items that are in stock or expected to be in stock soon. Items are listed and identified by category and classified into specific inventory groups based on the item's attributes.
A master file is the main file that contains a relatively permanent record of a particular item or entry. For example, a customer file contains customer details such as customer ID, name, and contact address.
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What is the similarities between data analysis and data interpretation?
Finding patterns as well as trends in information is the method of conducting data analysis. Giving significance to the information is the method of data interpretation.
It entails describing the data's patterns as well as trends that were found. First comes data analysis, then follows data interpretation.
The method of assessing data and drawing pertinent conclusions from it using different analytical techniques is known as data interpretation. Researchers can categorize, manipulate, and summaries data with the help of data analysis to find answers to important issues.
The process of reviewing data as well as drawing pertinent conclusions while utilizing a variety of analytical techniques is known as data interpretation.
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Which of the following organizational sources of resistance occurs when decision-making authority is redistributed?
a. Fear of the unknown
b. Narrow focus of change
c. Threatened power
d. Habit
e. Resource allocation
(OPTION A) Fear of the unknown organizational sources of resistance occurs when decision-making authority is redistributed. The ability to make significant decisions about a kid, such as those involving.
Their education, religious upbringing, health care, extracurricular activities, and travel, is referred to as decision-making authority. The power to make decisions always rests with a person and cannot be transferred to a machine. Machine decision-making is predicated on the organizational of the managers who run the systems involved. Managers are nevertheless held accountable and responsible for the choices made by the systems they are in charge of. The ability to affect someone else's attitude or behaviour is referred to as having power.
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Need the answer of this cashflow q 10
10a) The three-month cash flow forecast from April for A & P Traders Ltd is as follows:
A & P Traders Ltd.
Cash Flow ForecastFrom April to June
April May June
Beginning balance $1,000 $2,500 $1,500
Cash sales 7,000 8,000 7,000
Cash collections 7,500 7,000 8,000
Total cash available $15,500 $17,500 $16,500
Cash Expenses:
Purchases $7,000 $8,000 $7,000
Other expenses 6,000 8,000 12,000
Total expenses $13,000 $16,000 $19,000
Ending cash balance $2,500 $1,500 ($2,500)
10b) The manager of A & P Traders Ltd. should source cash to meet the business's needs, especially in June. This can take the form of bank overdraft, short-term loan, or increased cash collection from customers, and renegotiation of payment terms with suppliers.
What is a cash flow forecast?A cash flow forecast is an estimate of future cash (inflows) receipts from sales and cash outflows (expenses).
As a management tool, a cash flow forecast helps in determining cash needs (surplus for investments and deficits for cash planning purposes).
March April May June
Sales $15,000 $14,000 $16,000 $14,000
Cash sales 7,000 8,000 7,000 ($14,000 x 50%)
Cash collections 7,500 7,000 8,000 ($16,000 x 50%)
Purchases 7,000 8,000 7,000 (50% of $14,000)
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An operations strategy for inventory management should work towards:
a) decreasing lot sizes
b) increasing order quantities
c) decreasing service levels
d) increasing safety stocks
e) increasing lot sizes
An operations strategy for inventory management should work towards decreasing lot sizes.
Thus, the correct option is A.
What is inventory management?The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such commodities as well as the management of raw materials, components, and completed goods.
Depending on a company's demands, there are various forms of inventory management, each with advantages and disadvantages. When and where inventory is needed, a shortfall can be very harmful.
One of a company's most significant assets is its inventory. An organization's raw materials and finished goods are the heart of its operations in industries with high inventories including retail, manufacturing, food services, and others.
These factors make inventory management crucial for companies of all sizes. Making difficult decisions about when to replenish inventory, how much to buy or manufacture, how much to pay, when to sell and how much to sell for can be simple.
Small firms frequently use spreadsheet formulas to calculate reorder points and quantities while manually keeping track of their inventory. Specialized enterprise resource planning software will be used by larger firms.
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