The owners of micro-enterprises, such as small-scale farmers, artisans, fishers, women, elderly people, and non-salaried workers in both the formal and unofficial sectors, are typically the recipients of microfinance loans.
The unsecured loans are given based on the applicant's profile and the household and business's combined cash flow.
Institutions that provide microloans also provide a range of microfinance loan-related products. As an illustration, numerous financial institutions provide bank accounts, microinsurance, financial education, etc. These loans fall into the $100 to $25,000 range.
It gives entrepreneurs the chance to survive bad economic times by enabling them to develop more resilience via their own efforts at their own businesses. Most of the households in developing nations that take advantage of microfinance offerings do so because they are in what is referred to as "abject poverty."
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FILL IN THE BLANK. bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for___of their par value.
Bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for 103% of their par value.
In a bond, the issuer owes the bond holder money and is required under the bond's terms to return the bond's capital and income within a specified period of time until the bond matures.
The borrower can receive external liquidity through the sale of the bond in order to finance long-term investments or, in the case of government bonds, to cover urgent costs. Bondholders have the interest of creditors, whereas shareholders have an equity stake in a firm, even though both stocks and bonds are regarded as securities.
The above question is incomplete, the complete question is-
Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means that they can be bought or sold for ____ of their par value.
Multiple choice question.
103%
100.3%
10.3%
0.103%
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Which user has access to the Voided/deleted transactions tool? Primary admin user Standard user Accountant user Company admin user
Answer:
Accountant User
Explanation:
Accountant User user has access to the Voided/deleted transactions tool. Thus option C is correct.
What is Voided/deleted transactions tool?Voiding retains a document of the transaction in your records while lowering the amount of the check to zero. On the other hand hand, deletion completely deletes the activity from QuickBooks. The prepaid bill(s) also revert to an overdue status as a result of this.
It won't have an impact on your checking accounts or reports when you nullify a transaction in Bookkeeping, but you will still have a copy of the transaction. In QuickBooks, when you remove a transaction, it's fully gone from your records and won't show up in any reporting or categories.
Even if a multi-user net can be set up, each license only allows three individuals to view the industry's files. Therefore, option C is the correct option.
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Maxie's Game World sold games to a customer on credit for $4,400, terms 1/10, n/30 and the cost of the games was $3,500. When recording the sales transaction in its sales journal, Maxie’s would enter: What is the correct answer?
Multiple Choice
a) $3,500 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Cost of Goods Sold Dr./Inventory Cr.column.
b) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $3,500 in the Accounts Payable Dr./Purchases Cr. column.
c) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Cash Cr. column.
d) $4,400 in the Accounts Receivable Dr./Sales Cr. column and $3,500 in the Cost of Goods Sold Dr./Inventory Cr. column.
e) $3,500 in the Accounts Receivable Dr./Sales Cr. column and $4,400 in the Other Accounts Dr. column.
Maxie’s would enter $4,400 in the Accounts Receivable Dr/Sales Cr. column and $3,500 in the Cost of Goods Sold Dr/Inventory Cr. column.
Money owed to a business in the near future is represented by the asset account known as accounts receivable (AR) on the balance sheet.When a business permits a customer to pay on credit for its goods or services, accounts receivable are produced.Accounts payable are similar to accounts receivable, but they represent money that is owed as opposed to money that will be received.The accounts receivable turnover ratio or days sales outstanding can be used to determine the strength of a company's AR.It is possible to conduct a turnover ratio analysis to determine when the AR will actually be received.The term "accounts receivable" refers to any unpaid invoices or cash that a business is owed by customers.Learn more about Accounts receivable, here
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FITB campaigns will sometimes hire actors who pretend to be concerned citizens at corporate or government meetings where they present false testimonials.
This claim is untrue. Sometimes, astroturfing campaigns will use actors to offer fabricated testimonies at business or governmental meetings while they pose as concerned individuals.
What is an astroturf campaign?Astroturfing is the use of phony grassroots efforts to alter public opinion. These campaigns are frequently funded by businesses and governments.In essence, "false grassroots" movements are what astroturfing is. It is a planned effort intended to elicit widespread support for a cause, concept, movement, product, etc. Its name comes from the kind of artificial turf known as Astroturf, which is frequently used in sporting events in place of actual grass.
What separates lobbying on AstroTurf from grassroots lobbying?True grassroots activity often tends to be resource-rich but cash-poor, in contrast to astroturf operations, which are frequently people-poor but cash-rich. The lobbyists in charge of this activism often work for non-governmental groups and political PR agencies.
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the exclusion amount for a purchased fixed-term annuity can be calculated by dividing the cost of the annuity by the total number of payments.
a. true
b.false
True, the cost of the annuity can be divided by the total number of payments to determine the exclusion amount for a purchased fixed-term annuity.
The statement is true.
What amount is paid out by a fixed annuity?Annuities provided an average return of between 3% and 4% at the time this article was written. This means that starting with the year you purchased the annuity, the annuity provider would compound interest on your annuity at a rate of, say, 3% annually.
A wise investment, fixed-term annuities?For those looking for low risk, lifetime income, and premium protection, fixed annuities make good investments. Another drawback for some may be that a fixed annuity does not provide any inflation protection.
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What is a reason one discounts future cash flows as part of the absolute valuation process.
The reason one discounts future cash flows as part of the absolute valuation process is Future profits are uncertain.
Realizes absolute value by discounting a company's projected cash flows to their present value. A company's absolute value helps investors determine whether the company's stock price is undervalued or overvalued. Estimating long-term future cash flows is the most difficult step in the absolute valuation process.
In doing so assumptions are made to predict the future performance of the stock. It is used to reflect the time value of money because the money received in the future is less valuable than money received today. Discount rates are also used to calculate the present value of a project or investment. It is the total present value of cash flows from a project or investment.
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if all of the government’s debt were internal, would financing that debt make the nation poorer?
if all of the government’s debt were internal, would financing that debt makes the nation poorer is a false statement.
What is debt?Debt may be defined as the sum that the borrower owes the bank. A debt is an amount of money that has been received for a specified time frame and must be repaid, plus interest.
External existing debt results in equalization; the process does not make a country poorer. The debt will in time need to be equalized as some point of time in time. The debtor's creditworthiness affects both the debt's size and its acceptance.
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vango, inc. bought a new delivery van during the year. which of these costs should be expensed as ordinary repairs and maintenance? (check all that apply.)
As Vango, inc. bought a new delivery van during the year, the costs that should be expensed as ordinary repairs and maintenance includes:
B. $900 for cleaning the van during the year.D. $100 oil change on van.What are ordinary repairs and maintenance?In a company, an ordinary repairs and maintenance refers to those activities that owners or users of fixed assets are obliged to undertake periodically in order to be able to utilize such assets over their expected service lives.
These are the current costs that cannot be avoided if the fixed assets are to continue to be used. But, the owner or user of these assets cannot afford to neglect maintenance and repairs as the expected service life may be drastically shortened otherwise.
A maintenance and repairs cost do not change the fixed asset or its performance, but simply maintain it in good working order or restore it to its previous condition in the event of a breakdown.
Missing options " - $40,000 cost of the van - $900 for cleaning the van during the year - $2,000 paid to install shelves inside the van - $100 oil change on van"
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a nike salesperson is informed by a retailer that ten pairs of shoes are damaged and cannot be sold. after looking at the merchandise, the salesperson determines the damage occurred during the packaging process. what should the nike salesperson do to handle this situation?
The salesperson determines that the damage happened during the packaging process, so Nike returns the product and issues a refund to deal with the issue.
What does it mean to be a salesperson and what it do?
A salesman or saleswoman is a person whose job it is to sell goods or services within a specific territory, at a store, or over the phone. Simply put, a salesperson builds a company's reputation while promoting its products or services. From the initial lead outreach to the actual purchase, they manage customer relationships and act as the primary point of contact.
What are main duties of salesperson and type of job is it?
Using persuasion to sell products and services to prospective customers. Examining the advantages and disadvantages of present and prospective clients. Maintaining productive business relationships to ensure future sales.
A sales position entails attempting to persuade clients to purchase a good or service. People who want to work in sales have a variety of job options available to them because many businesses rely on salespeople to market their products and services.
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what type of proposal is written to obtain funding from agencies that support worthwhile causes?
a. Grant Proposal
b. Informal Proposal
The purpose of a grant proposal is to secure financing from organizations that champion deserving causes.
What characteristics distinguish a strong grant application?A good grant application should be persuasive, straightforward, and brief. Be sure to provide the donor enough information so that they can understand your proposal and see that you've given it some thought, but avoid being overly verbose. Additionally, the story you include in your grant application should help the sponsor understand your initiative.
What does a grant serve as?Your ideas and initiatives to offer public services and boost the economy can be funded by the government through grants. Grants fund numerous programs included in the Catalog for Federal Domestic Assistance, including innovative research projects, crucial recovery measures, and others (CFDA).
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Monopolistic competition differs from perfect competition because in monopolistically competitive markets.
While perfect competition occurs when buyers and sellers are numerous, knowledgeable about the market, and sell homogeneous goods, monopolistic competition is a sort of imperfect competition in which a large number of sellers provide differentiated products that are not perfect replacements.
What is a monopoly?A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces. A market arrangement known as a monopoly has just one seller or producer. A monopoly restricts the number of product alternatives accessible and makes it difficult for rivals to enter the market. Monopolies may result in dishonest business practises. A monopoly has three key characteristics, which are: several buyers and a single vendor. No product that comes close to it. Strong obstacles to new enterprises' entry.
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Presented below is information related to Stellar Corporation for the current year. $ 609,300 1,499,300 Beginning inventory Purchases Total goods available for sale Sales revenue $2,108,600 2,415,000 Compute the ending inventory, assuming that (a) gross profit is 49% of sales, (b) gross profit is 60% of cost, (c) gross profit is 38% of sales, and (d) gross profit is 25% of cost. (Round ratios for computational purposes to 1 decimal place, e.g. 78.7% and final answers to O decimal places, e.g. 28,987.) Ending Inventory (a) Gross profit is 49% of sales $ (b) Gross profit is 60% of cost $ (c) Gross profit is 38% of sales $ (d) Gross profit is 25% of cost $
a) Gross profit is 49% off Sales (2108600-2415000*51%) = 876950
b) Gross profit is 60% of Cost (2108600-1509375) = 599225
c) Gross profit is 38% off Sales (2108600-2415000*62%) = 611300
d) Gross profit is 25% of Cost (2108600-1932000) = 176600
Gross profit is the distinction between revenue and price of products sold (COGS), divided by sales. Gross margin is expressed as a percent. usually, it is calculated as the promoting charge of an object, much less the value of products offered (e. g. production or acquisition costs, no longer such as indirect fixed prices like office prices, hire, or administrative prices), then divided by the identical selling charge. "Gross margin" is regularly used interchangeably with "gross profit", but the phrases are specific: "gross profit" is technically an absolute monetary quantity, and "gross margin" is technically a percentage or ratio.
A gross margin is a form of profit margin, especially a form of profit divided by net revenue, e. g., gross (profit) margin, running (income) margin, net (profit) margin, and many others.
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________ are increasingly popular because they can be both informative and entertaining, and often the cost of airing of a 30-minute block of television time is reasonable.
Infomercials are more popular since they may be both useful and entertaining, and often the cost of broadcasting of a 30-minute block of television time is inexpensive.
What do you call the kind of media that grabs people's attention and advertises a company or thought product?In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often intended to promote a certain commodity or service, but there are wide range of purposes, the most popular being the commercial advertisement.
What do you mean by advertising ?Advertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform and persuade people who receive them, as defined by the Advertising Association of the UK.
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An increase in the wage rate will A. shift the labor supply curve to the right. B. shift the labor supply curve to the left. C. cause an upward movement along the labor supply curve. D. cause a downward movement along the labor supply curve. E. have no effect on the quantity of labor supplied.
There will be a reduction in the amount of labor requested and an upward shift in the demand curve.
What will increase labor wages effect ?Inflation is brought on by wage increases since doing business becomes more expensive as wages rise.
Companies must raise their prices for their products and services to offset the cost increase and keep their profitability at the same level.
The quantity of work required will alter in response to changes in pay or salary. Employers will want to hire fewer workers if the pay rate rises.
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Marketing channels perform many key functions. Which of the following is NOT one of those key functions?
A. Fulfilling completed transactions
B. Manufacturing
C. Helping to complete transactions
D. Contact work
E. Assuming risks of carrying out channel work UC
A function that is not performed as a key function of marketing channels is B . Manufacturing .
What are marketing channels for?Marketing channels are used by a company in several ways such as helping to complete transactions between the company and its customers or suppliers . These channels also help with contact work to reach out to stakeholders .
Marketing channels also have the key function of helping to fulfill completed transactions . Manufacturing falls under another part of the company so is not a key function of marketing channels .
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a 55 year old recently received a $30 000 distribution
A 55 year historic lately received a $30,000 distribution from a preceding employer's 401k plan, minus $6,000 withholding.
Which tax would an IRA participant be subjected to on distributions?IRAs: An IRA distribution paid to you is situation to 10% withholding except you choose out of withholding or pick to have a specific quantity withheld. You can keep away from withholding taxes if you pick out to do a trustee-to-trustee switch to some other IRA.
Do I have to record my IRA distributions on my tax return?Regardless of your age, you will want to file a Form 1040 and show the quantity of the IRA withdrawal. Since you took the withdrawal earlier than you reached age 59 1/2, unless you met one of the exceptions, you will need to pay an additional 10% tax on early distributions on your Form 1040.
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https://brainly.com/question/1300867#SPJ4Given the following declaration,int j;int sum;double sale[10][7];which of the following correctly finds the sum of the elements of the fourth column of sale?A) sum = 0;for(j = 0; j < 7; j++)sum = sum + sale[j][3];B) sum = 0;for(j = 0; j < 7; j++)sum = sum + sale[j][4];C) sum = 0;for(j = 0; j < 10; j++)sum = sum + sale[j][4];D) sum = 0;for(j = 0; j < 10; j++)sum = sum + sale[j][3];
sum = 0;
for(j = 0; j < 10; j++)
sum = sum + sale[j][3], (Option D)
What is Java?Sun Microsystems first introduced Java in 1995 as a programming language and computing platform. By offering the dependable infrastructure on which many services and apps are built, it has grown from modest beginnings to power a significant portion of the digital world of today.
What is an array in Example?A variable with many value storage spaces is called an array. For instance, you can make an array if you need to store 100 integers. 100; int data;
Use a comma-separated list enclosed in curly brackets to add values to it: my Numbers[] int = 25, 50, 75, 100; Now that we've made a variable, it can store an array of four numbers.
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data on the distribution of income for the united states show that from 1970 through 2014, the share of income earned by the top quintile , and the share earned by the bottom quintile
Rose; Fell, A statistical measurement of how many people earn or receive different amounts of income, the distribution of income is just that.
What has changed in the United States' income distribution during the 1970s?Since the middle of the 1970s, income inequality has gotten progressively worse to the point where 90 percent of the population hasn't really experienced much income growth in real terms for the past 45 years, whereas those at the top of the distribution have experienced much, much faster income growth.
How has the distribution of income changed in the US?In other words, the top of the income distribution earned 13.53 times as much as the bottom, a rise of 4.9% from 2020. Additionally, the gap between the middle and bottom of the income distribution grew, going from 4.34 in 2020 to 4.52 in 2021, an increase of 4.0%.
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The complete question is:
Data on the distribution of income for the united states show that from 1970 through 2014, the share of income earned by the top quintile ______ , and the share earned by the bottom quintile _______
Oriole Company borrows $86,400 on July 1 from the bank by signing a $86,400, 8%, 1-year note payable. (a) Prepare the journal entry to record the proceeds of the note. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Oriole Company borrows $86,400 on July 1 from the bank by signing a $86,400, 8%, 1-year note payable. The Journal entry will be debit : cash for 86,400 and credit : notes payable for 86,400.
The transactions pertaining to adjustment entries, opening stock, depreciation, accounting mistakes, etc. are documented in a general journal, which is a daybook or subsidiary journal. General journal entries may have invoices, copies of management reports, and journal vouchers as their source materials.
Prime entry books, also known as books of original entry, are journals because transactions were first recorded in a journal before being physically posted to accounts in the main ledger or a subsidiary ledger. It is the process of recording double entry bookkeeping transactions by debiting one or more accounts and crediting one or more other accounts with the same sum of money.
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Which of the following products or services is not subject to network effects?
a. Banking services
b. Snack chip manufacturing
c. Video game consoles
d. Social networks
e. Cell phone services
The product or service that is not subject to network effects is b. Snack chip manufacturing.
What products are affected by network effects?The products or services that will be affected by network effects such as slower networks, are all the services and products that use networks to work. Banks use networks to provide services, video game consoles need network for online play, and social networks need networks to be connected to.
Cell phone services are entirely offered over networks. Snack chip manufacturing on the other hand can be done without the need for networks.
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assignment 9 - u...> underwriting commercial general liability insurance
Underwriting is the process through which insurers evaluate the risks associated with insuring your small business. It comprises the insurance provider analyzing the risk that your business poses and, if so, setting an acceptable price for your coverage.
What kind of protection does a commercial general liability policy offer?A business is covered by a commercial general liability (CGL) insurance policy in the event of physical harm, personal injury, or property damage resulting from operations, products, or accidents that take place on the business's property.
How can I become a competent commercial underwriter?You need to have a working understanding of reinsurance and the ability to think analytically to succeed as a commercial underwriter. In the end, a top-notch commercial underwriter must possess exceptional investigative abilities and be a voracious researcher.
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florian, a customer relations specialist at a clothing company, is writing a letter refusing a customer request to replace, free of charge, a box of shirts that the customer spilled ink on. considering this, florian should begin his letter
florian, a customer relations specialist at a clothing company, is writing a letter refusing a customer request to replace, free of charge, a box of shirts that the customer spilled ink on. considering this, florian should begin his letter negotiation.
Negotiation is a talk among two or extra humans or events to attain the preferred final results concerning one or greater troubles of warfare. it's miles an interaction between entities who aspire to agree on topics of mutual hobby.[1] The settlement may be useful for all or a number of the parties worried. The negotiators ought to establish their own want and desires even as additionally searching for to recognize the wants and needs of others involved to boom their chances of closing deals, keeping off conflicts, forming relationships with other events, or maximizing mutual gains.
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Other things the same, if the exchange rate changes from 41 Thai bhat per dollar to 35 Thai bhat per dollar, then the dollar has
a. appreciated and so buys more Thai goods.
b. appreciated and so buys fewer Thai goods.
c. depreciated and so buys more Thai goods.
d. depreciated and so buys fewer Thai goods.
Answer: depreciated and so buys fewer Thai goods.
Explanation:
If exchange rate changes from 41 Thai bhat per dollar -35 Thai bhat per dollar, then dollar has depreciated and buys fewer Thai goods. The appropriate response is option D.
What is exchange rate?The rate during which one currency can be exchanged for another is known as the exchange rate. Some exchange rates are linked or fixed to the value of a particular country's currency, however most exchange rates are floating and will increase or decrease depending on market supply and demand.
A currency's value declines when compared to other currencies, which is known as currency depreciation. Political unrest, interest rate differences, weak economic fundamentals, and investor risk aversion are a few examples of the causes of currency devaluation.
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Gross profit will always be _____ net income. A. Equal to b. Less than c. Greater than d. Unrelated to please select the best answer from the choices provided a b c d.
The following assertion there will always be a net profit superior than income.
What is income and example?Income is the cash that a person or organization receives in return for working, providing a good or service, or using capital. People normally make money through wages or salaries, whereas corporations make money by selling products or services for more than it costs to produce them.
What are income types?These three basic kinds of income are earned, passive, and portfolio. Salary, tips, commissions, or earnings are all examples of earned money. Potential inactive and earned sources of income include limited partnerships, rental properties, and royalties. Capital gains on securities, dividends, and income are all examples for portfolio or capital gain.
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Answer:
C. Greater than
whereas lines of competition are clearly defined in the more established industries, in the internet industry they are blurred and indistinct, as companies that compete one day may be partners the next.
The lines of competition are clearly defined in the more established industries, unlike the Internet where they are blurred and indistinct, as companies that compete with others.
The correct option is C.
In contrast to more established industries where lines of competition are more evident, in the Internet industry they are blurred and illegible since businesses who compete one day may cooperate the next.
In more established industries where lines of rivalry are clearly defined, those in the internet industry are hazy and ambiguous since businesses that compete one day may cooperate with one another the next.
The complete question is:
Whereas lines of competition are clearly defined in the more established industries, in the Internet industry they are blurred and indistinct, as companies that compete one day may be partners the next.
A. Whereas lines of competition are clearly defined in the more established industries, in the Internet industry they are blurred and indistinct, as companies that compete
B. Although the lines of competition are clearly defined in industries that are more established, they are blurred and indistinct in the Internet industry, as competing companies
C. The lines of competition are clearly defined in the more established industries, unlike the Internet where they are blurred and indistinct, as companies that compete
D. Unlike more established industries, where the lines of competition are clearly defined, they are burred and indistinct in the Internet industry, as companies that compete
E. Unlike more established industries, with clearly defined lines of competition, those of the Internet industry are blurred and indistinct, as competing companies
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which statement below is true concerning a perpetual iventory system
a. It allows for the determination of cost of goods sold after each sale.
b. It requires a physical inventory count to determine the cost of goods on hand.
c. Cost of goods sold is determined based on a physical count at the end of the period.
d. It is used infrequently due to the high cost of determining the cost of goods acquired.
It enables the assessment of the cost of products sold after each sale in a perpetual inventory system. Thus, the correct option is (a) It allows for the determination of the cost of goods sold after each sale.
What exactly is a perpetual inventory system?A perpetual inventory system, also known as a continuous inventory system, is an inventory system in which information on inventory amount and availability is updated on a continuous/real-time basis as a result of doing business. Most of the time, this is accomplished by connecting the inventory system to order entry and, in the case of retail, the point of sale system. Book inventory would be equal to, or nearly equivalent to, real inventory in this case.
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employers must make which of the following to accommodate the religious practices of employees?
According to Title VII, an employer must respect an employee's honestly held religious convictions, including their right to practice their religion openly at work, to the degree that doing so won't pose an excessive burden on the company's operations.
What are the religious practices of employees?The legislation compels an employer or other covered organization to make a reasonable effort to respect an employee's religious practices or beliefs, unless doing so would significantly impair the company's ability to do business.
Generally, An employer is required by Title VII to make reasonable accommodations for an employee's sincerely held religious beliefs, which may include allowing the employee to engage in religious expression while at work, to the extent that the employee is able to do so without creating an undue hardship for the operation of the business.
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which of the following is the best example of a homogeneous good? group of answer choices new cars ice cream soft drinks wheat
At least two vaporous, fluid, or strong parts should be blended consistently across a homogenous combination.
What is a Homogenous combination?
A homogenous blend is one whose parts are equitably circulated all through the whole arrangement, whose creation is consistent, and which gives off an impression of being a solitary substance.
Models: A uniform mix of gases makes up air. A homogenous combination of table salt and water is known as a salt arrangement.
The flavorings, water, and sugar might meet up synthetically to create an answer, however, the carbon dioxide bubbles are not scattered similarly all through the fluid.
Hence, the Homogenous combination best depicts a Cold drink.
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Which of the following was not identified in the textbook as one of the day-to-day challenges involved with growing a firm?
A) Cash flow management
B) Channel conflict
C) Capital constraints
D) Quality control
E) Price stability
Channel conflict was not mentioned in the textbook as a day-to-day problem of building a business. Thus, the correct option is (B) Channel conflict.
What is the meaning of Channel conflict?Channel conflict occurs when manufacturers offer their products directly to customers using general marketing means and/or the Internet, bypassing their channel partners such as distributors, retailers, dealers, and sales reps. When there is overproduction, channel conflict might arise. As a result, there is an excess of products. Newer product versions, changes in trends, wholesaler and retailer bankruptcies, and the distribution of defective items all have an impact on channel conflict. In this regard, a company's stock clearing plan is critical.
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companies must have a carefully constructed inventory policy in order to
Companies must have a carefully constructed inventory policy in order to manage available funds and maximize profitability.
What is an inventory policy?An inventory policy is an integral part of inventory management which helps manage stock flow in a better manner.
A very effective inventory policy is a good theoretical objective but at a practical level, it becomes difficult to achieve because the senior management’s views differs concerning the role of inventory and the knowledge and skills of supply chain and logistics professionals to structure a decision making process for an inventory policy.
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