in order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. suppose that you want to open a new franchise in russia. which of the following actions would be most beneficial to you when handling russia’s political system that is similar to guanxi? check all that apply.

Answers

Answer 1

In order to compete in a global economy, companies have to handle social changes, political changes, and cultural differences. option C.  Negotiate slow, general agreements.

An economic system is a machine of interrelated manufacturing and consumption activities that in the end determine the allocation of assets inside a set. The production and consumption of products and offerings as a whole satisfy the desires of those living and working inside it.

Guanxi is traditionally a term used in China to point to a system that runs personal connections and a network of favors. Demand that the franchise be operated according to U.S standards is obviously wrong

Disclaimer:- your question is incomplete, please see below for the complete question.

a. Open multiple franchises at once.

b. Demand that the franchise be operated according to U.S. standards.

c. Negotiate slow, general agreements.

d. Establish a joint venture with the Russian government.

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Related Questions

Describe Globalization in your own words

Answers

Answer:

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It can also mean the speedup of movements and exchanges all over the planet. It is important because it changes the way nations, businesses and people interact.

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Explanation:

which of the seven steps of a sale may not be involved if customers use routine decision making1. Approach the customer2. Determining needs3. Presenting the product4. Overcoming objections5. Closing the sale6. Suggesting selling7. Relationship building

Answers

If customers use routine decision making, the second step of determining needs may not be involved in the sales process.

Routine decision making refers to situations where customers already know what they want and have made a purchase before. In this case, the customer already knows their needs and the salesperson does not need to spend time asking questions to determine what the customer is looking for. The other steps, such as approaching the customer, presenting the product, overcoming objections, closing the sale, suggesting selling, and building a relationship, may still be involved in the sales process. However, the salesperson should be mindful of not overselling or pushing the customer too much, as this could negatively impact the relationship and potentially turn off the customer from making future purchases.

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Orders for a stock trading system are coded as follows from left to right:i. The first character is 'B' for a "buy" order, 'S' for a "sell" orderii. The number of shares to buy or selliii. The stock ticker symbol in all uppercase letters for a "buy" order or all lowercase letters for a "sell" orderiv. If the order is a "limit" order with a specific buy/sell price, the requested price in pennies, otherwise the price should be omitted and the order will be a market order at the current asking price for the stockv. If the order is a "limit" order with an expiration time, the character 'T' followed by the number of minutes until the order expires and should no longer be executed

Answers

The coding system for orders in a stock trading system consists of five components.

i. The first character indicates whether the order is a "buy" or "sell" order, denoted by 'B' or 'S' respectively.

ii. The second component is the number of shares to be bought or sold, which specifies the quantity of the stock being traded.

iii. The third component is the stock ticker symbol, written in all uppercase letters for a "buy" order or all lowercase letters for a "sell" order. The ticker symbol uniquely identifies the stock being traded.

iv. The fourth component is the requested price for a "limit" order, expressed in pennies. If the order is a "market" order, the price component is omitted, and the order will be executed at the current asking price for the stock.

v. The fifth component is the expiration time for a "limit" order, denoted by the character 'T' followed by the number of minutes until the order expires. This indicates the time period within which the order should be executed, after which it will no longer be valid.

Together, these five components provide the necessary information for processing orders in a stock trading system, ensuring that the orders are accurately executed according to the specified conditions.

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Performance Assessment Task
Jrotc

This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.

Answers

The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.

The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.

Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.

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What does accounting help you achieve in an organization?

Answers

Answer:

Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions.

Explanation:

CTSO Unit 1 – 5pts

SkillsUSA is a partnership of students, teachers and industry working together to ensure America has a skilled workforce.

Directions: Use the following links to research and answer the following questions in 3-5 sentences.

https://www.skillsusa.org/programs/program-of-work/

https://www.skillsusa.org/about/skillsusa-framework/

https://www.skillsusa.org/about/history-brand-resources/



1. What is the SkillsUSA Framework?

2. What is the connection between the Framework and industry?

3. What is the SkillsUSA Program of Work?

4. What is the SkillsUSA mission?

5. What are the official colors of the organization and what do they represent?

Answers

The SkillsUSA Framework guarantees that student participants acquire the skills needed by companies and industries.

The connection between the Framework and industry is to provide talented and skilled individuals for the growth of the economy.

The SkillsUSA Program is a chapter management tool. Work empowers each student to succeed in their career

The SkillsUSA mission is " to empower members to become world-class workers"  leaders and responsible American citizens.

The official colors of the organization are red, white, blue, and gold which represents states, chapter as well as individual identity.

What is a career?

A career is referred to what an individual chooses as a profession to earn something. A career of an individual is based on his talents, skills, and abilities which help him to seek growth and development and achieve the goals of life.

With the aim of supplying America with a trained workforce, SkillsUSA is a program that draws together the American industrial workforce, teachers, and students. 

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which mogul purchased the washington post in 2013 for $250 million?

Answers

The mogul who purchased the Washington Post in 2013 for $250 million was Jeff Bezos, the founder and CEO of Amazon.com.

Bezos bought the newspaper through his personal investment firm, Nash Holdings LLC. This acquisition marked a significant moment in the newspaper industry as it represented a shift from traditional media ownership to tech moguls investing in the industry.

Bezos saw potential in the Washington Post's digital platform and its reputation for quality journalism. He aimed to preserve the newspaper's legacy while also transforming it into a modern, digitally-driven media company. Bezos' leadership has led to significant growth and innovation at the Washington Post, with increased investment in data analytics, technology, and video content.

Bezos' acquisition of the Washington Post has also had a broader impact on the media landscape, as it sparked a wave of tech billionaires investing in traditional media companies. The move demonstrated the growing importance of quality journalism and the potential for technology to enhance and expand the reach of traditional media.

Overall, Bezos' purchase of the Washington Post has been a significant development in the media industry, showcasing the potential for collaboration between traditional and tech media, and the value of investing in quality journalism.'

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An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotation is unsuccessful is called a:

Answers

Answer:

\(^{}\) in a file

ly/3fcEdSx

bit.\(^{}\)

Explanation:

the difference between the actual price paid for the material and what should have been paid according to the standard is reflected in the direct materials variance.

Answers

The direct materials variance is a measure of the difference between the actual cost of materials used in production and the expected or standard cost of those materials.

If the actual cost paid for the materials is different from what should have been paid according to the standard, then this difference will be reflected in the direct materials variance. This variance can be caused by a variety of factors, such as changes in the market price of materials, differences in quality or quantity of materials used, or errors in the standard cost calculation. By monitoring and analyzing the direct materials variance, a company can identify areas where it can improve its purchasing practices, reduce costs, and increase efficiency.


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A certificate of deposit pays a higher interest rate than a savings account because the money is

A.) guaranteed by the government.
B.) kept by banks for a longer time period.
C.) loaned to banks by consumers.
D.) immediately available to consumers.

Answers

I think it’s c but I’m not a 100%

Answer: The answer is:

B: kept by banks for a longer time period.

Explanation:

Edge 2023

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Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm

Answers

Answer:  I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help

Good luck

The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.

An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.

30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication.  Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.

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alan Associates prepared its financial statement for 2017 based on the information given here. The company had cash worth $1,234, inventory worth $13,480, and accounts receivables worth $7,789. The company's net fixed assets are $42,331, and other assets are $1,822. It had accounts payables of $9,558, notes payables of $2,756, common stock of $22,000, and retained earnings of $14,008. How much long-term debt does the firm have

Answers

Answer:

$18,334

Explanation:

Calculation to determine How much long-term debt does the firm have

Current assets = $1,234 + $7,789 + $13,480

Current assets = $22,503

Total assets = $22,503 + $42,331 + $1,822

Total assets = $66,656

Current liabilities = $9,558 + $2,756

Current liabilities= $12,314

Total stockholders' equity = $22,000 + $14,008 Total stockholders' equity= $36,008

Now let calculate the Long-term debt using this formula

Long-term debt = Total assets - Current liabilities - Total stockholders' equity

Let plug in the formula

Long-term debt = $66,656 - $12,314 - $36,008

Long-term debt = $18,334

Therefore How much long-term debt does the firm have is $18,334

What is the 50 30 20 budget rule? Is that a good plan for a monthly budget?

Answers

Answer:

The 50/30/20 rule is an easy budgeting method that can help you to manage your money effectively, simply and sustainably.

Explanation:

The basic rule of thumb is to divide your monthly after-tax income into three spending categories: 50% for needs, 30% for wants and 20% for savings or paying off debt.

<3 Have a nice day.

50 30 20 budget rule means, 30% of income is spent on wants, 50% on needs, and 20% is set aside for savings and investments. By doing this, you will have established buckets for everything and be operating inside each bucket's allowable limits.

This will help you develop discipline while ensuring that you don't sacrifice the standard of living or your long-term planning. Let's examine how to divide your spending into three categories—needs, wants, and savings—now that the guideline is apparent.  

Some people may find the 50/30/20 Rule of budget to be a helpful tool for managing their finances, but your particular monthly costs will determine if the approach is suitable for you. 50% of your income set aside for needs may not be sufficient, depending on your salary and where you reside.

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Which statement about a money market account is true?
A. Depositors are offered an introductory interest rate.
B. A debit card is linked to your account.
C. Depositors are required to use 10 percent of the funds each
month.
D. Depositors are permitted to write a limited number of checks each
month.
SURMAT

Answers

Answer to your question is D. depositors are permitted to write a limited number of checks each month

The statement that is true about a money market account is Depositors are permitted to write a limited number of checks each month. The correct option is D.

What is a money market account good for?

You get almost always-immediate access to your money with money market accounts. MMAs frequently allow customers to use their debit cards to obtain cash or write cheques. And be aware that, unlike with a certificate of deposit (CD), withdrawals are often free of charge.

Money market accounts are a type of savings account that typically pays a higher interest rate than a traditional savings account. They may also require a higher minimum balance to open and maintain the account. Money market accounts often allow a limited number of checks to be written each month, typically between three and six. This limit is designed to encourage saving and discourage excessive withdrawals or transactions.

Thus, the ideal selection is option D.

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results not achieved and opportunities for further development

Answers

Employees might be happy with the liberty and recognition afforded by attending seminars, but they may also be unsatisfied if their compensation was low or their ideas weren't respected.

What makes life satisfying?

It is a basic sentiment that describes how happy we are with the way things are going in our lives. Life satisfaction is influenced by a variety of elements from a range of areas, such as job, romantic relationships, friendships and family ties, personal growth, health and wellbeing, and others.

What exactly is satisfaction?

A pleasing action; a sense of completion or satisfaction. the reason or method of becoming satisfied. the condition of being satisfied; satisfaction.

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a modernist city planning concept that proposed creating condensed, vertical living space to create more open space for mobility and light across the city is which of the following?

Answers

The correct answer to this question is compact city planning.

The compact city, also known as the city of short distances, is an urban planning and design concept that encourages relatively high residential density with mixed land uses. It is based on an efficient public transportation system and an urban layout that, according to its supporters, encourages walking and cycling, as well as low energy consumption and pollution.

The compact city model, in theory, produces benefits that are appealing to modern urbanites. Shorter commute times, reduced community environmental impact, and reduced consumption of fossil fuels and energy are all desired benefits. However, global research on compact cities suggests that these outcomes are not guaranteed. To make matters worse, the cities' design restricts residents' access to green space and reasonable views. For the compact city model to gain popularity, it is necessary to examine both its advantages and disadvantages.

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geno's body shop had sales revenues and operating costs in 2020 of $650,000 and $525,000, respectively. in 2021, geno plans to expand the services it provides to customers to include detailing services. revenues are expected to increase by $85,000 and operating costs by $50,000 as a result of this expansion. assuming that there are no changes to the existing body shop business, operating profits would be expected to increase during 2021 by:

Answers

Since there are no modifications to the current body shop operation, operating earnings should rise by $30,000 in 2021.

What is customers stratification?We have the ability to change our company from being a product-driven to a customer-driven organization through the use of customer stratification. Because of its assistance, we now have a deeper understanding of our clients, which has allowed us to better utilize our sales staff and increase return on investment. Customer Stratification classifies the distributor's customers into four groups: Core, Opportunistic, Marginal, and Service Drain based on each customer's purchasing power, cost to serve, loyalty, and profits. The distributor may thus better meet the needs of its core clients thanks to this. In the stratification technique, supply air is used to replace the air leaving the ventilated (and typically occupied) zone, inhibiting the passage of air between the zones.

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when assessing an organization's competitiveness, managers are concerned with

Answers

Managers assess an organization's competitiveness by measuring its ability to compete with other organizations in the same market.

They look at the association's strengths and  sins and the  terrain in which it's operating. This includes  assessing the association's  client base, product immolations, pricing strategy, marketing tactics,  product  capacities, and  environment . also,  directors  dissect the association's challengers to understand their  strategies and capabilities.

By comparing their association to their challengers,  directors can identify  openings for  enhancement and develop strategies to increase their association's competitiveness. Eventually,  directors strive to  produce an advantage that will help the association succeed in the  request and remain competitive.

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True or false: Information about fair value is commonly listed as an additional disclosure on the face of the financial statements.

Answers

The given statement Information about fair value is commonly listed as an additional disclosure on the face of the financial statements is True.

True or false: Information about fair value is commonly listed as an additional disclosure on the face of the financial statements. In terms of accounting, fair value is the estimated price at which an asset or liability can be exchanged or a transaction can take place between willing and knowledgeable parties.

It reflects the present value of future cash flows expected from an asset or liability. To ensure transparency and enhance understanding for users of financial statements, fair value disclosures are commonly included in financial statements.

Information about fair value is frequently disclosed in the notes section of financial statements rather than on the face of the financial statements.

It's worth noting that while fair value disclosure is not required for all assets and liabilities, it is frequently disclosed for some of the most important ones, such as investment securities, financial derivatives, and certain debt instruments.

This can aid investors in assessing the financial condition of a company and determining its future potential. Furthermore, the Financial Accounting Standards Board (FASB) has established guidelines for disclosing fair value information, including requirements for the type of information that must be disclosed and the manner in which it must be presented.

These guidelines assist in ensuring consistency and transparency in fair value reporting across all financial statements. Conclusively, True, information about fair value is frequently listed as an additional disclosure on the notes of the financial statements rather than on the face of the financial statements.

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describe your management experience , including a time you effectively resolved a difficult situation from a management capacity

Answers

Answer:

I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.

One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth

The General Ledger shows or
contains which of the following?
A. All of the Above
B. Liabilities
C. Assets
D. Shareholder's Equity

Answers

Answer:

A. All of the above

Explanation:

The General Ledger is the primary accounting record that shows a company's financial transactions. It contains all of the accounts that are used to record transactions, including assets, liabilities, shareholder's equity, revenue, expenses, gains, and losses.

The General Ledger provides a comprehensive view of a company's financial position and is used to produce financial statements such as the balance sheet, income statement, and cash flow statement. The information in the General Ledger is used by management, auditors, and other stakeholders to make informed decisions about the company's financial health and performance.

Calculate the break-even point for a new toy that costs $12 to make and market and that will be sold for $15. The total quantity that will be sold at that price is 200,000.

Answers

The break-even point for new toy that costs $12 to make and the market and that will be sold for $15 is 2%.

What is break-even point?

The break-even point is a critical concept in business that indicates the level of sales or revenue necessary to cover all the costs associated with a product or service. It is the point at which the total revenue earned equals the total cost of producing and delivering the product or service. At this point, there is no profit or loss, and the business is said to be "breaking even." The break-even point is calculated by dividing the total fixed costs by the contribution margin per unit. The contribution margin is the difference between the price of the product and the variable cost of producing it. Understanding the break-even point helps businesses make informed decisions about pricing, production, and marketing strategies to achieve profitability.

Variable costs = Price - Fixed costs = $15 - $12 = $3 (per unit)

Break-even point = $12 / ($15 - $12) = $12 / $3 = 4,000 units

Break-even point will be reached when= 4,000 units / 200,000 units = 0.02 or 2%

Therefore, break-even point for new toy is 2% of total quantity sold, which is equivalent to 4,000 units.

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Which of the following would be an advantage of engaging in international
trade over domestic trade?
A. Higher cost of production due to higher labor costs
B. Larger growth opportunities based on market size
C. Clear understanding of laws and statues concerning business
operations
D. Less choice for consumers because of fewer products

Which of the following would be an advantage of engaging in internationaltrade over domestic trade?A.

Answers

Answer:

B. Larger growth opportunities based on market size

Explanation:

Took the test and guessed it correctly

If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is:________

a. 0.9.

b. 0.8.

c. 0.6.

d. 0.75.

Answers

If disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is 0.9.

The marginal propensity to consume (MPC) is the ratio of the change in consumption to the change in disposable income. To find the MPC, we divide the change in consumption by the change in disposable income.
In this scenario, the change in disposable income is $100 million, and the change in consumption is $90 million. To calculate the MPC, we divide the change in consumption ($90 million) by the change in disposable income ($100 million).
MPC = Change in consumption / Change in disposable income
MPC = $90 million / $100 million
MPC = 0.9
Therefore, the marginal propensity to consume is 0.9. This means that for every additional dollar of disposable income, 90 cents will be spent on consumption.
In conclusion, if disposable income increases by $100 million, and consumption increases by $90 million, then the marginal propensity to consume is 0.9.

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Explain an ethics strategy you could use in the governance of
ethics in an imaginary organization.

Answers

An ethics strategy is the plan that helps to embed ethical behavior and practices in an organization. It can be achieved by including measures and policies that govern ethical standards and principles in decision making.

An ethics strategy can be utilized in an imaginary organization by applying the following measures:1. Develop a Code of Conduct and Ethics: The organization should create a code of conduct that outlines the standards of ethical behavior and principles that the employees need to follow. The code should include all ethical aspects of the organization, such as harassment, safety, honesty, and fair treatment.

2. Train employees: The organization should provide training and workshops to employees on the code of conduct and ethics. It should be mandatory for all new employees to undergo an ethics training program.3. Whistleblower protection: The organization should create a whistleblower policy that provides protection to employees who report any unethical behavior or practices.

4. Reward ethical behavior: The organization should reward employees who demonstrate ethical behavior in their work and performance. The rewards can be in the form of bonuses, promotions, and recognition.5. Conduct audits and assessments: Regular assessments should be carried out to ensure that the organization is adhering to ethical standards.

An internal audit should be conducted to identify any areas of improvement that are required to improve the organization's ethics strategy.In conclusion, having an ethics strategy in an imaginary organization is essential to prevent unethical practices from occurring. The measures outlined above can help to create an ethical culture in the organization and ensure that employees are held accountable for their actions.

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if selling and administrative expenses are allocated to different products, they should be reported as a

Answers

Answer:

Period Cost

if selling and administrative expenses are allocated to different products, they should be reported as a PERIOD COST.

If selling and administrative expenses are allocated to different products, they should be reported as a  period cost. Thus the correct option is D.

What is a Product?

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

The continuing cost of maintaining a system, business, or product is known as an operating expense. The costs of running a business referred to this. 

These selling and administrative expenses comprise salaries for managerial and administrative positions, as well as rent and utilities, advertising and promotion as well as sales

Any expenses a business has that are incidental to the manufacturing process are referred to as period costs. This indicates that they have no connection to a company's inventory costs or the price of a single product.

Therefore, option D is appropriate.

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The complete question is Probably

If selling and administrative expenses are allocated to different products, they should be reported as a

a. factory overhead cost

b. cost of goods manufactured

c. cost of goods sold

d. period cost

Bellandro Brewery recently became certified as an ISO 14001 company. Which of the following criteria would decision makers evaluate for this award?

Answers

Answer:

environmental improvement plans at the brewery

Explanation:

answers for question 12!!!!

answers for question 12!!!!

Answers

Answer:

i think it may be A

Explanation:

Preparing equipment that is used in a process is considered overproduction muda.

a. True b. False

Answers

It is false that the preparation of the equipment in a production process is considered as muda overproduction.

What is team preparation?

The preparation of equipment is a term that refers to the process of putting into operation different elements that will contribute to a production process so that it works effectively and the owner has the highest productivity.

Why is it not considered as an overproduction?

The preparation of the equipment should not be considered as an overproduction since it is a necessary process for the start-up of a factory. Therefore, the products that can be manufactured in the process of preparing the equipment are not considered overproduction because they are products that are not going to be used later nor will they have all the quality standards to sell or offer to consumers.

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on january 1, 2022, woodstock, inc. purchased a machine costing $40,000. woodstock also paid $1,000 for transportation and installation. the expected useful life of the machine is 6 years and the residual value is $5,000. how much is the annual depreciation expense assuming use of the straight-line depreciation method?
a. $6,100.
b. $6,000.
c. $5,950.
d. $5,750.

Answers

The annual depreciation expense assuming the use of the straight-line depreciation method is $6,000. Option B.

Calculation:

Annual depreciation under SLM:

= (Asset cost-Salvage value) + Useful life of the asset

= ($40,000+$1,000 - $5,000)/6

= $36,000/6

= $6,000

Residual value, also called residual value, is the estimated value of an item of property, plant, and equipment at the end of the lease term or useful life. In a leasing situation, the lessor uses the residual value as one of the primary ways to determine how much the lessee will pay in regular lease payments. Residual value is one of the components of a lease calculation or transaction.

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