A firm uses the order-up-to model to manage its inventory. It wants to increase its in-stock probability while decreasing its holding costs (i.e., reduce its average inventory). Which of the following will help to achieve this goal?
A.) increase the warehouse size
B.) increase the base stock level
C.) Switch from pooled inventory to non-pooled inventory system.
D.) Decrease the lead time
E.) Increase the average quantity on-order
F.) Increase the standard deviation of demand.
Answers
Options B) Increase the base stock level, D) Decrease the lead time, E) Increase the average quantity on order are the following will help to achieve this goal.
To increase the in-stock probability while reducing holding costs in an order-up-to-inventory model, the following actions can be taken:
B.) Increase the base stock level: Increasing the base stock level means maintaining a higher level of inventory as a safety buffer. This helps to improve the in-stock probability by reducing the likelihood of stockouts. However, it is important to consider the associated increase in holding costs.
D.) Decrease the lead time: A shorter lead time means that inventory can be replenished more quickly, reducing the need for large stock levels. By decreasing lead time, the firm can operate with smaller inventory levels while still meeting customer demand and improving in-stock probability.
E.) Increase the average quantity of orders: Increasing the average quantity of orders helps to reduce the frequency of placing orders and associated order costs. It can also help take advantage of economies of scale in order, which can lead to lower unit costs. However, this needs to be balanced with the risk of stockouts and the impact on holding costs.
The following options are not aligned with the goal:
A.) Increasing the warehouse size: While increasing the warehouse size may allow for larger inventory capacity, it does not directly address the goal of increasing the in-stock probability and reducing holding costs.
C.) Switching from pooled inventory to non-pooled inventory system: This decision depends on the specific characteristics of the inventory system and the firm's supply chain. It may or may not impact the goal directly and requires a more detailed evaluation.
F.) Increasing the standard deviation of demand: Increasing the standard deviation of demand introduces more variability, which can lead to higher safety stock levels and increased holding costs. It does not align with the goal of reducing average inventory.
In summary, to achieve the goal of increasing in-stock probability while reducing holding costs in an order-up-to-inventory model, increasing the base stock level, decreasing lead time, and increasing the average quantity on order are actions that can be considered.
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Related Questions
20 points!
Which sentence indicates that Brian has instituted a loyalty program?
(1) Brian runs a juice bar that sells fresh juice products. (2) He hopes customers will drink the juices to stay healthy. (3) He offers a free juice for every customer who buys nine juices. (4) He also advertises the health benefits of fresh juice. (5) He hopes such an advertisement will attract new customers.
Answers
Answer:
So, the correct option is (3) He offers a free juice for every customer who buys nine juices.
Explanation:
A customer loyalty program or rewards program is a marketing strategy that rewards loyal customers that frequently engage with a brand.
So, the correct option is (3) He offers a free juice for every customer who buys nine juices.
Answer:
Offers free juice.....
Explanation:
correct on test
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
"Modern technology is developed from local / traditional technology." Justify this statement
Answers
Explanation:
Modern technology would be things that we have today such as smart phones, tablets, gaming systems and computers. Traditional/Local technology would be things such as handicrafts that were made before things such as computers and new technology are inverted.When an entrepreneur takes some of his profits and replaces old machinery, he is investing in
A. Natural Resources
B. Human Capital
C. Land
D. Capital Goods
Answers
Answer:
D. Capital Goods
Explanation:
Capital goods are physical assets that a business uses to generate revenues. Usually, capital goods have a useful life beyond one year. It implies that they are not meant for sale in the current financial year.
Capital goods include machinery, plants, and equipment, and other long term tangible assets. Some capital goods require a considerable sum of funds to acquire. Costs incurred in acquiring capital goods are spread over the number of their useful life.
Answer:
ok
Explanation:
ok
what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answers
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.PLEASE HELP IT DUE TODAY
What are stakeholders from Monopolistic competition, oligopoly, and monopoly?
Answers
Explanation:
Monopolistic competition
Monopolistic competition, many seller that differentiated products - products that differ slightly but sever similar purpose. By making consumer aware of product difference, seller exert some control over price.
Oligopoly
In an oligopoly, a few sellers supply sizable portion of products in the market. They exert some control over price, but because their products are similar, when one company lowers prices, the others follow .
Monopoly
In a monopoly, there is only one seller in the market. The market could be a geographical area, such as a city or a regional area, and does not necessarily have to be añ entire country. The single seller is able to control prices
Mark me as brilliant answer
Which of the following is a style trend?
A. An increase in the population of young parents in a neighborhood
B. The popularity of a new type of jeans
C. An increased concern for protecting the environment
D. The popularity of cell phones that can access the Internet
Answers
B
Explanation:
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
Assume a two-country, two-good, and two inputs model. Let the two countries in this model be the United States and the Rest of the World and the two goods being produced by each of the countries be steel and wheat. The two factors of production used in producing the goods in each country are capital and land. If the United States is capital-abundant and steel production is capital-intensive, the Heckscher-Ohlin model would predict that the Rest of the World would: Group of answer choices export both the goods to the United States. export wheat and import steel. export steel and import wheat. import both the goods from the United States.
Answers
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.
Gilberto Company currently manufactures 84,000 units per year of one of its crucial parts. Variable costs are $2.90 per unit, fixed costs related to making this part are $94,000 per year, and allocated fixed costs are $81,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $4.10 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 84,000 and buying 84,000 units. Should the company continue to manufacture the part, or should it buy the part from the outside supplier
Answers
Answer:
Cost to make $337,600
Cost to make $344,400
The company should make the product
Explanation:
Calculation to determine the total incremental cost of making 84,000 and buying 84,000 units
COST TO MAKE
Relevant per unit Relevant fixed cost Total relevant cost
Variable cost per unit $2.90 - $243,600(84000*$2.90)
Fixed manufacturing costs - $94,000 $94,000
Cost to make $337,600
($243,600+$94,000)
COST TO BUY
Relevant per unit Relevant fixed cost Total relevant cost
purchase per unit $4.10 - $344,400[$4.10*84000]
Cost to make $344,400
Based on the above calculation the cost of buying is higher than the cost of making therefore the company should MAKE the product.
For prescription drug coverage with her family health care plan,
Emmeline has four options:
Option A: $50 monthly premium and $20 co-pay per prescription
Option B: $70 monthly premium and $15 co-pay per prescription
Option C: $90 monthly premium and $10 co-pay per prescription
Option D: $110 monthly premium and $8 co-pay per prescription
Based on Emmaline's records, her family fills an average of two
prescriptions per month. Which would be her least expensive
option?
Option A
Option B
Option C
Option D
No
Answers
Answer:
the answer is A
Explanation:
option A is $50 monthly premium and $20 co-pay per prescription.
if you do the math:
$50 + $20 x 2=90
$70 + $15 x 2= 100
$90 + 10 x 2= 110
$110 + 8 x 2= 126
(you multiply 2 because of the amount of prescriptions she goes through per month )
P.S I am also a personal finance student and took the test, got it right, but didn't go off the answer here.
Hope this helps :)
The least expensive option for Emmeline would be:
A: $50 monthly premium and $20 co-pay per prescriptionAccording to the given question, we are asked to show the least expensive option for Emmeline when purchasing a prescription drug based on family health care plan.
As a result of this, we can see that a $50 monthly premium and a $20 per day prescription would cost $90 which is lower than the cost of other prescription plans which goes as high as $126.
Therefore, the correct answer is option A
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You want to paint your room yellow, so you get some samples at the paint store. when you hold the sample against your white wall, it looks different from the way it looks against the green curtain. a psychologist would attribute this to perceptual constancy. visual paradoxes. contrast effects. threshold differences.
Answers
Answer:
contrast effects
Explanation:
Contrast effects is a change of perception when we compare something with something else thereby noticing the difference between them. These comparisons can be color, price, taste.
Contrast effects can make a color appear darker when placed in a lighter background or that an item appear to be cheap when place after being shown a more expensive item. Contrast effects can either be positive or negative.
A positive Contrast effect is one that makes an item better than it is while a negative Contrast effect make an item worse than it is.
Direct sales of livestock often result in which of the following additional expenses?
A.
Fees for agents
B.
Yardage fees
C.
A substantial loss due to the fact that livestock generally do not travel well
D.
The cost of feeding mature livestock while waiting for the rest of the herd to mature
Answers
Direct sales of livestock often result in yardage fees, which are the charges for keeping livestock at feedlot or other facility until they can be sold or shipped.
What are direct sales?Direct sales is a business model in which products or services are sold directly to consumers without the involvement of a retail middleman. This means that the manufacturer or service provider sells directly to the end user through various methods such as door-to-door sales, in-home parties, or through online sales platforms. Direct sales allow for a more personalized shopping experience for the consumer and can often result in cost savings for both the manufacturer and the consumer. Direct sales companies typically use a network of independent sales representatives who are compensated for their sales efforts through commissions and bonuses. These representatives can also recruit and manage their own sales teams, creating a network marketing structure. Direct sales have become increasingly popular due to advancements in technology and the rise of e-commerce.
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The first widespread model that addressed how individual work shouldbe designed focused ona. job enlargement.b. job specialization.c. job enrichment.d. motivational design.e.job rotation.
Answers
The correct response is b. job specialization. Job specialization was the primary emphasis of the first widely adopted model that addressed how individual work should be designed.
The division of labour, also known as job specialization, happens when employees concentrate on mastering a small number of activities rather than learning how to execute many distinct tasks. Job specialization situations include assembly lines. Due to the fact that productive activities are essentially extremely simple actions carried out by several people throughout the entire system. Given that they only perform one duty, these workers are extremely specialized in what they do. Four advantages of job specialization are offered to enterprises. First, employees who are given short, straightforward jobs will excel at each one. Second, there is a reduction in transition time between tasks. When workers undertake numerous separate jobs, time is lost when they transition from one task to the next.
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Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation:
HELP ASAPPPPP WILL GIVE BRAINLIEST!!!! Question in pic. Then explain your reasoning
Answers
Answer:
because i need to school
complex transactions that are designed to conceal the source of funds.
Answers
Layering's a complex sale aimed at hiding the origin of finances. It's a kind of plutocrat laundering process.
Layering is the alternate stage of plutocrat laundering and is done to make the plutocrat as hard to descry and down from the illegal source as possible. This is frequently the most complex step of the washing process.
layering is a veritably complicated part of the plutocrat laundering process. Your thing is to produce further fiscal deals to hide the original source and power of the illegal finances.
Stratified plutocrat laundering can involve multiple deals to cover the miscreant's tracks. The origin of immorally attained plutocrat or other goods is thus obscured by the position.
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Glenn works for a company that supplies food to restaurants. Where does Glenn MOST likely work?
O A.
at a packaging facility
OB.
at a retailer
OC.
at a wholesaler
D.
at a distributor
Answers
Based on the information given Glenn MOST likely work: D. at a distributor.
A distributor is a person or representative that supply goods or products by helping to distribute goods to were they are needed.
They mostly purchased goods in large amount from the manufacturer or producer and they supply those goods to the retailers.
Based on the given scenario we can say that Glenn work with a distributor reason being that he help to supply or distribute foods to restaurant.
Inconclusion Glenn MOST likely work: D. at a distributor.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUSam makes solar powered cell phone battery charges in February he sells chargers for $20 each in march he sells the chargers for $15 each .What would happen to the quantity demand for changes because of the change of price?
Answers
In economics, demand refers to the amount of a good or service that consumers are willing to purchase at a specified price and within a specified time period. On the other hand, supply refers to the amount of a good or service that producers are willing to supply to the market at a specified price.
In this case, we are given that Sam sells solar powered cell phone battery charges for $20 each in February and $15 each in March. The change in price from $20 in February to $15 in March will cause a change in the quantity of the chargers.
This is because there is an inverse relationship between price and quantity .According to the law of demand, as the price of a good or service increases, the quantity demanded decreases, and vice versa. Therefore, if Sam lowers the price of the chargers from $20 to $15, it is likely that the quantity demanded will increase.
This is because the lower price will make the chargers more affordable and attractive to consumers, leading to increased demand for the product.
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In 2012, _______ purchased the British-based Aegis Groupa) WPP
b) Omnicom Group
c) Publicis Groupe
d) Dentsu
Answers
In 2012, the Japanese advertising giant, Dentsu, purchased the British-based Aegis Group for £3.2 billion ($5 billion). This acquisition was a significant move for Dentsu as it gave them access to Aegis Group's impressive portfolio of media buying and digital marketing services.
The deal, worth approximately £3.2 billion, allowed Dentsu to establish a solid foothold in European and North American markets, as well as benefit from Aegis Group's expertise in digital marketing. This acquisition significantly enhanced Dentsu's ability to compete with other global advertising giants such as WPP and Publicis Groupe, by combining the strengths of both companies and creating synergies across various areas of the advertising industry.
It also allowed them to expand their global presence and establish a stronger foothold in the European market. This acquisition was part of Dentsu's ongoing efforts to become a truly global player in the advertising and marketing industry, and it certainly helped them achieve this goal. Today, Dentsu is one of the largest advertising and marketing companies in the world, with a presence in over 145 countries and an impressive client roster that includes some of the world's biggest brands.
In summary, Dentsu's 2012 acquisition of the British-based Aegis Group aimed to strengthen its position in the global advertising market, capitalize on Aegis Group's digital marketing capabilities, and broaden its reach into new territories, thus enabling the company to compete more effectively with its rivals.
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In a population of 1000 cells, 200 are in various phase of the M stage. For those in interphase, 400 have 1X amount of DNA, 200 have 2X amount of DNA, and the rest have somewhere in between 1X and 2X amount of DNA. What is the total length of the cell cycle if the S phase has a duration of 5 hours?
Answers
Answer:
The answer is 25 hours
Explanation:
Solution
Given that:
The total number of cells = 1000 cells
The M -phase = 200 cells
In interphase it becomes:
1 X DNA = 400 cells
2X DNA = 200 cells
In between 1X and 2X = 200 cells
The duration of S phase = 5 hours
Now
The first step to take is to calculate the mitotic index of cells which is given as:
Mitotic Index = The number of cells in mitosis/Total number of cells * 100
Thus
Mitotic Index =Number of cells in prophase + metaphase +anaphase + telophase (P+M+A+T)/1000 * 100
=200/1000 * 100
=20%
Now from the cell cycle 20% is 5 hours, then 100% which is the length of total cell cycle. is about 25 hours.
What should you avoid using when writing a formal email?
O An official signature
O Emojis
O Familiar acronyms
O Last names
Answers
Emojis are not formal and they should not go in a formal email
Answer:
emojis
Explanation:
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answers
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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when there is a market failure, intervening multiple choice question. will decrease total surplus. will make matters worse. can increase total surplus. will increase total revenue.
Answers
When there is a market failure, intervening can increase the total surplus.
In terms of economics, market failure refers to a scenario where there is an inefficient distribution of goods and services on the open market. In a market that functions optimally, supply and demand factors are balanced, and any changes to one side of the equation result in price changes that preserve the market's equilibrium. However, in a market failure, something disturbs this equilibrium. The individual motivations for rational behavior do not result in rational outcomes for the group when markets fail. To put it another way, each person chooses the best choice for themselves, but the group as a whole suffers as a result.
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wendell's donut shoppe is investigating the purchase of a new $18600 donut-making machine. the new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $3800 per year. in addition, the new machine would allow the company to produce one new style of donut, resulting in the sale of 1000 dozen more donuts each year. the company realizes a contribution margin of $1.20 per dozen donuts sold. the new machine would have a six year useful life.what would be the total annual cash inflows associated with the new machine for capital budgeting purposes?what is the internal rate of return promised by the new machine to the nearest whole percent.
Answers
The total annual cash inflows associated with the new machine for capital budgeting purposes would be the sum of the cost savings from reduced part-time help and the additional revenue generated from selling 1000 dozen more donuts each year.
This would be calculated as follows: Cost savings = $3,800, Additional revenue = 1000 x 12 x $1.20 = $14,400
Total annual cash inflows = $3,800 + $14,400 = $18,200, To calculate the internal rate of return (IRR), we need to determine the discount rate at which the present value of the cash inflows equals the initial cost of the machine ($18,600).
Using a financial calculator or spreadsheet software, we can find that the IRR for this investment is approximately 15% to the nearest whole percent. This means that the new machine is expected to generate a return of 15% per year, which is higher than the company's cost of capital and therefore a good investment.
To find the total annual cash inflows associated with the new machine for capital budgeting purposes, you need to consider both the cost savings from reduced part-time help and the additional revenue from the new style of donuts.
1. Cost savings from reduced part-time help: $3,800 per year
2. Additional revenue from the new style of donuts: 1,000 dozen x $1.20 contribution margin per dozen = $1,200 per year, Total annual cash inflows = $3,800 + $1,200 = $5,000 per year.
To find the internal rate of return (IRR), we would need more information such as the required rate of return or discount rate. However, you can use a financial calculator or software to solve for IRR using the initial purchase cost of $18,600, the annual cash inflows of $5,000, and the six-year useful life.
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jetstar intends to grow to Indonesia by establishing a strategic partnership with a regional Indonesian airline. However, jetstar is mindful of the commercial dangers connected with this strategy. Before commencing on this strategic initiative in Indonesia, the CEO of jetstar has asked that you can provide him with a formal report detailing the study of the probable difficulties listed underneath.
a.
Describe in 200 words the two formal and two informal institutional aspects that Jetstar should take into account in its strategy to enter Indonesia. Additionally:
i.
Define and explain the particular aspects of business hazards (1 kind of risk for formal and another type of risk for informal institutions) which may develop from the institutional characteristics you have mentioned previously.
ii.
Explain succinctly if each of the aforementioned institutions has a facilitating or restricting effect on jetstar's strategic stance.
b.
Explain the methodology known as strategic alliance and propose two kinds of strategic alliance that users believe are applicable to Jetstar. Additionally:
i.
Discuss in a methodical and brief approach how a business strategy known as strategic alliance enables the organisation to alter or affect its institutional framework.
ii.
Outline clearly and simply how strategic alliances may be seen as a strategic technique that demonstrates the significant impact of institutional environment on the strategic status of a company of organizations such as Jetstar.
Answers
Jetstar intends to grow in Indonesia by establishing a strategic partnership with a regional Indonesian airline.
Strategic partnership-
This strategy involves some commercial hazards that Jetstar must take into account. Let's look at the two formal and informal institutional aspects that Jetstar should take into account in its strategy to enter Indonesia and two types of strategic alliances that Jetstar can use.
a. Formal and informal institutional aspects that Jetstar should take into account in its strategy to enter Indonesia are as follows:
Formal Institutional Aspects:Legal framework for investing in IndonesiaEconomic system of the country
Informal Institutional Aspects: Indonesian CultureLinguistics
i. Risks that can arise from the institutional characteristics mentioned above are as follows:
Formal Institutions: The legal system of Indonesia is complex, which may pose risks to the organization's operations.The organization may be exposed to the risk of an economic slowdown and other related risks due to the country's unstable economic system.
Informal Institutions: The organization may face the risk of poor marketing due to the country's language differences.Due to cultural variations, the organization may face cultural barriers that may result in political risk.
ii. Formal institutions have a restricting effect on Jetstar's strategic stance while informal institutions have a facilitating effect on Jetstar's strategic stance.
b. Two types of strategic alliances that users believe are applicable to Jetstar are as follows:
1. Joint Ventures
2. Distribution agreements
i. Strategic alliances help the organization to alter or affect its institutional framework by providing a platform to connect with different stakeholders. It allows the organization to access valuable resources such as capital, technology, and market reach, which can help improve the overall performance of the organization and help it gain a competitive advantage.
ii. Strategic alliances may be viewed as a strategic technique that demonstrates the significant impact of the institutional environment on the strategic status of a company such as Jetstar. It also enables the company to achieve better alignment with the institutional environment and change its institutional environment in the long term.
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uses the perpetual inventoiy method. kenyon purchased 400 units of inventory that cost $6.00 each. at a later date the company purchased an additional 600 units of inventory that cost $8.00 each. if kenyon uses the fifo cost flow method and sells 800 units of inventory, the amount of cost of goods sold will be
Answers
Utilize the perpetual inventory approach. Kenyon purchased 400 items, each costing six dollars. Be of sales made will cost $5600.
How does inventory work?Activities pertaining to all the products, services, and materials that a business keeps on hand with the intention of reselling them for a profit. Example: If one print supplier uses a vehicle to deliver news among clients, just the periodical will be counted inventory.
What are the four different types of inventory?There seem to be additional types of stocks, but the four most important ones are upkeep, repairs, and operating supplies, finished items, operate, and materials and parts.
Briefing:800 units sold = 400 units of inventory purchased
balance = (800-400)
=400 units of inventory, 8 each
cost of goods sold =(400*6)+(400*8)
=$5600
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In order to resolve this problem I again recommend that jobs not be closed and invoiced until they are completed. If, in certain cases, you must invoice them in order to speed up collection of the receivable fine but leave them in unearned revenue so we do not overstate revenues, assets and income on our financial reports. In order to comply with my recommendation in paragraph three of my March 23rd memo, we should have our head inspector sign off on jobs when they are complete. This document should then be forwarded to the front office and attached to and be filed with the other paperwork for completed and earned jobs. If an exception must be made, an exception report should be completed and filed indicating the date, job number and reason for the exception. Since this should only happen on rare occasions it will cause very little additional work, maybe a minute or two per exception. Calling a job complete before its completion in order to make the financial reports look better than they actually are, is not a legitimate reason for an exception. Calling a job complete and earned should never have anything to do with what time of the month or quarter it is. In addition, we should notify anyone who received these above-mentioned financial reports of the overstatement of income and the reason for it. This should happen only after a thorough investigation to make sure the amounts are correct. I am available to assist in any way necessary for this, of course. There is one more item I feel worth mentioning here. It is critical to understand that if a job does not cover all its cost, including overhead, that job lost this company money. We incur in excess of $500,000 of overhead cost each quarter.
Answers
Implementing these recommendations would ensure accurate financial reporting and better management of the company's finances.
To resolve the problem of overstatement of revenues, assets, and income on financial reports, it is recommended that jobs should not be closed and invoiced until they are completed. In certain cases, if there is a need to speed up the collection of the receivable, the jobs can be invoiced but should be kept in unearned revenue to avoid overstatement of financials. To comply with this recommendation, the head inspector should sign off on jobs when they are completed, and this document should be filed with the other paperwork for completed and earned jobs. Any exceptions should be recorded in an exception report indicating the date, job number, and reason for the exception. However, calling a job complete before its actual completion to manipulate financial reports is not a legitimate reason for an exception. It should also be noted that calling a job complete and earned should never be based on the time of the month or quarter.
Moreover, it is critical to understand that if a job does not cover all its cost, including overhead, the job has caused a loss for the company. As the company incurs more than $500,000 of overhead cost each quarter, it is essential to ensure that the jobs are accurately assessed for profitability. Finally, if any overstatement of income is identified on financial reports, it is necessary to conduct a thorough investigation and notify anyone who received the reports of the issue and the reason for it.
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A friend comes to you seeking advice. He got into trouble at work for not being a team player. He really likes his job and isn’t quite sure what to do. What suggestions would you give to your friend to help him improve? How might he respond to his boss? paragraph... hurry need it by tomorrow
Answers
Answer:
well he should apologize to his boss and everyone he wasn't a team player to because someone must have told his boss, and then proceed to say he with work with others better and mean it. hope this helps your "friend"
Explanation:
The response to hie boss is advice by a friend is that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he will work better with others and mean it.
What is the team player?Effective team players hold themselves and others accountable. They accept responsibility for their actions or mistakes and comprehend how their decisions affect the team.
Adapting to change is an essential component of team success. If they have the backing of a team, people are more likely to take calculated risks that lead to innovation.
Working as part of a team promotes personal development, increases job satisfaction, and reduces stress. In the given case, his boss's response is advice from a friend that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he is a team player.
Learn more about the team player, refer to:
https://brainly.com/question/23857247
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