The volume or sales units utilized in the predictions are the primary distinction between the static budget and the flexible budget. While the flexible budget is modified for the actual volume, the static budget uses the initial volume forecast.
A flexible budget, in contrast to a static one, adapts to changes in sales, production levels, or business activities. For instance, if more raw materials are required as manufacturing quantities rise as a result of sales seasonality, a flexible budget might be implemented. Additionally, a flexible budget is preferable to a static one when planning for temporary employees or additional workers needed for overtime during busy times.
For firms with highly predictable sales and costs over shorter time periods, static budgets may be more useful. A static budget might be appropriate for a business if, for instance, the expenses of materials, utilities, labor, advertising, and manufacturing are consistent month after month in order to maintain operations and no change is anticipated.
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Each day, you observe numerous practices in your office that are not "environmentally friendly," which
also cost your company money. As a result, a lot of paper is wasted, for instance, on print jobs that no
one claims. Identify one of these practices and write an unsolicited internal proposal to your supervisor
that outlines your plan to reduce the amount of waste and save your company money
Grab the audience's attention in the
opening statement (introductory paragraph) and bring the proposal
out in the open in one paragraph (Introductory).
Implementing a comprehensive Print Management System is the solution to reduce paper waste and save money in our office.
In our office, one of the practices that significantly contributes to both environmental harm and unnecessary expenses is the excessive wastage of paper, particularly on print jobs that go unclaimed. To address this issue, I propose the implementation of a Print Management System that will revolutionize our printing processes and promote responsible printing habits among employees. By introducing this system, we can effectively reduce paper waste, save costs, and create a more sustainable workplace. The proposed Print Management System will require employees to authenticate their print jobs using their ID cards or login credentials, ensuring that only necessary documents are printed. Unclaimed print jobs will be automatically deleted after a designated period, eliminating the accumulation of unclaimed documents that ultimately go to waste. This process will not only enhance efficiency but also reduce paper consumption, resulting in substantial cost savings for our company.
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Company : https://www.bcorporation.net/en-us/find-a-b-corp/company/solbari
Introduction
-a brief description of the company and the product you are focusing on for the report.
- Include also a short explanation about why you chose this company (i.e., what captured your attention?
-Explain briefly how the company practices socially responsible behaviour (i.e., what does the company do to benefit its stakeholders, the society and/or the environment).
Solbari is a company that specializes in sun protection products, such as clothing and accessories. The company practices socially responsible behavior by offering a range of benefits to its stakeholders and prioritizing the health.
Solbari is a company that focuses on providing sun protection products to its customers. They offer a wide range of clothing and accessories that are specifically designed to protect against harmful UV rays. What captured my attention about this company is their commitment to promoting health and well-being through sun protection.
Solbari practices socially responsible behavior in several ways. Firstly, they prioritize the health and safety of their stakeholders by creating high-quality products that are tested and certified to provide effective sun protection. This ensures that customers can confidently enjoy outdoor activities without compromising their skin health.
Secondly, Solbari contributes to the society by raising awareness about the importance of sun protection and providing educational resources on sun safety. They actively engage with their community through social media and events to promote a culture of sun safety.
Lastly, Solbari demonstrates environmental responsibility by using sustainable and eco-friendly materials in their products. They prioritize reducing their carbon footprint and aim to minimize waste throughout their supply chain. By doing so, they contribute to the overall well-being of the environment.
Solbari's focus on sun protection, commitment to stakeholder health and well-being, and dedication to sustainability make them a socially responsible company.
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negative impact of the coronavirus as one of the socio-economic issue on businesses
Answer:
Explanation:
Tye negative impact of the coronavirus is that:
1. Unemployment: A negative effect of the virus is the increase in unemployment. Since, people were informed to stay at home, this hindered people from performing their normal activities. Since there was less money in circulation, this led to loss of jobs.
2. Pressure on Health and medical systems: Due to the spread of the virus, there were pressures on hospitals, clinics etc.
3. Negative effect on economic growth. There was a decrease in the demand of goods and services which in turn, had a negative effect on economic growth.
4. Deaths
Manufacturers Southern leased high-tech electronic equipment from Edison Leasing on January 1, 2021.
Edison purchased the equipment from International Machines at a cost of $135,990. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information:
Lease term 2 years (8 quarterly periods)
Quarterly rental payments $18,200 at the beginning of each period
Economic life of asset 2 years
Fair market value of asset $135,990
Implicit interest rate 8% (Also lessee's incremental borrowing rate)\
Required: Prepare a lease amortization schedule and appropriate entries for Manufacturers Southern from the beginning of the lease through January 1, 2022. Amortization is recorded at the end of each fiscal year (December 31) on a straight-line basis.
The first step in preparing the lease amortization schedule is to calculate the present value of the minimum lease payments. Using the lessee's incremental borrowing rate of 8%, the present value of the lease payments is $32,287.
The lease amortization schedule for Manufacturers Southern is as follows: Date Lease Payment Interest Expense Lease Liability Equipment
1/1/21 - - $135,990 $135,990
3/31/21 $18,200 $8,639 $127,751 -
6/30/21 $18,200 $8,220 $117,771 -
9/30/21 $18,200 $7,779 $107,350 -
12/31/21 $18,200 $7,316 $96,466 -
12/31/21 $32,287 $1,971 - $32,287
At the end of the lease term, the lease liability will be reduced to zero, and the equipment will have a net book value of zero. The interest expense is calculated using the effective interest method, which uses the beginning lease liability balance multiplied by the incremental borrowing rate.The appropriate journal entries for Manufacturers Southern are as follows: 1/1/21: Lease Receivable $32,287, Equipment $135,990, Lease Liability $168,277
3/31/21: Lease Receivable $18,200, Interest Expense $8,639, Lease Liability $9,561
6/30/21: Lease Receivable $18,200, Interest Expense $8,220, Lease Liability $10,341
9/30/21: Lease Receivable $18,200, Interest Expense $7,779, Lease Liability $11,162
12/31/21: Lease Receivable $18,200, Interest Expense $7,316, Lease Liability $11,884
12/31/21: Cash $32,287, Lease Receivable $32,287
The lease receivable account is used to record the amortization of the lease liability over the lease term, and the lease liability account is used to record the present value of the lease payments. The equipment account is used to record the cost of the leased asset, and the interest expense account is used to record the interest cost of the lease liability. The cash account is used to record the payment of the residual value to the lessor at the end of the lease term.
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Explain two ways in which mohammad could increase added value
The 2 ways in which where Mohammed could increase the added value of his company includes:
He could introduce new products and could modernize appearance and equipment in his coffee shop.He could start making cakes and pastries for special occasions like birthdays and weddings.What is an Added value?It refers to the profit that stays in the company as a difference between the total amount earned from sales and the total amount spent for production.
If such company's expenses for each product or service are higher then its price, then it is not going to have any added value. For instance, when company sells postcards for 5 dollars. In the same time, costs for making one postcard are 3 dollar. Added value = = 5 dollar - 3 dollar = 2 dollar.
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PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP
Answer:
1. Classical Economics
2. Keynesian Economics
3. Demand-Side Economics
4. Supply-Side Economics
Explanation:
Explain how test-marketing can increase profits.
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation:
a. Viewed through the lens of "rights theories," is Microsoft’s decision to go carbon negative by 2030 ethical?
b. Apply John Rawls’ concept of the veil of ignorance to Microsoft’s decision. What conclusion do you reach about Microsoft’s decision?
Tere are various points of view not that some people automatically assume that Microsoft's managers used all the information at their disposal and Rational decision considered the benefits and costs of each option before deciding on the price.
Since Microsoft charges $599 for a copy of Windows 7, I'll say that I think that pricing is reasonable given the amount of work that goes into creating and maintaining it. Game theory investigates how consumers for themselves in a market that is competitive.
The optimum result for participants in a competitive market where no player has an incentive to change their decisions is Nash equilibrium.
I could make $10 million or lose $5 million if I trade in the market. I wouldn't make any money if I didn't go into the market. Entering the market is the greatest course of action for me because $5 million is larger than zero.
Microsoft might make $30 million or $60 million if it charges a premium price. If the company has a low price point, it may make $20 or $50 million. The wisest course of action is to demand a high price.
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If a company is in new york city, and a qualified applicant lives across the country in california, what would be the most cost effective interview format to use? a. distance interview b. performance interview c. group interview d. behavioral interview please select the best answer from the choices provided a b c d
Answer:
Answer: Distance Interview
Explanation:
As the company is situated in New York city and the candidate for the interview lives in California the company can choose distance interview. Distance interviews can be telephone interviews or video interviews or screen sharing to know about the candidate's knowledge.
This is a cost saving method and quick method rather than inviting the candidate to New York office for which the company has to pay for the travelling expenses. So this would be the most effective way for the applicant as well as the company.
Explanation:
How do I find the first four terms?
Answer: 300, 350, 400, 450
Explanation:
a1 = first term = 300
d = common difference = 50
2nd term = a+d
= 300 + 50
= 350
3rd term = a + 2d
= 300 + 2(50)
= 300 + 100
= 400
4th term = a + 3d
= 300 + 3(50)
= 300 + 150
= 450
Therefore, the first four terms are 300, 350, 400, and 450.
A traditional cover letter’s format includes an introduction, a __________and a_____________ paragraph.
A traditional cover letter’s format includes an introduction, a body and a closing paragraph.
A traditional cover letter’s format includes an introduction, a body, and a closing paragraph.
When applying for employment, you should include a cover letter with your CV. In addition to selling your application, it serves as a personal introduction.
Cover letters are required since they allow you to explain to an employer why you are the ideal applicant for the position.
The majority of your cover letter's content should be factual, with no fluff or generalizations.
Therefore, a standard cover letter has three paragraphs: an introduction, a body, and a conclusion.
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Which of the following data is used to determine credit scores?
Answer: the length of stay at your current residence
Explanation:
It shows the stability of your household and that your responsible
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0. 80 per box on an annual basis.
Every year, a car rental service utilizes 96 boxes of staples. Each of the boxes costs $4. Staples cost $10 to order, and annual carrying expenses come out to $0.80 per box. = $55.42
What types of orders exist?Understanding how any order type differs is essential since they could have quite different outcomes. Here, we'll focus on the market ", limit order, and halt order and discuss how they differ and when to consider each.
Briefing
According to the scenario, the computation of the given data are as follows:
Boxes use = 96 boxes
Cost = $4 per box
Staple cost = $20
Carrying cost = $0.80
So, we can calculate the annual cost of ordering and carrying by using following formula:
Annual cost = (EOQ ÷ 2) × Carrying cost + (Boxes use ÷ EOQ) × Staple cost
Where, EOQ = ( 2 × 96 × 20 ÷ 0.80)^1/2 = 69.28
So, by putting the value, we get
Annual cost = ( 69.28 ÷ 2) × $0.80 + ( 96 ÷ 69.28) × $20
= $27.71 + $27.71
= $55.42
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are partnerships that provide professional and noncommercial assistance or advice.
Trading partnerships
Non-trading partnerships
General partnerships
Hi Special partnerships
Answer:
Non-trading partnerships
Explanation:
The non-trading partnership is a partnership that provides the professional and uncommercial advice or suggestions in terms of legal, medical, accounting, etc. Here all the partners have an active role for managing the business also they have unlimited liability with respect to any claim that against the firm
Therefore as per the given situation, the second option is correct
The concept of a value chain is not significant to organizations unless they manufacture products.a. Trueb. False
False. All businesses, not only those that produce products, may benefit from understanding the notion of a value chain. The object being sold is referred to as a product.
Value chains are a notion that may be applied to many business models, not simply those that produce goods. Any industry or sector may utilise the value chain as a tool to assess the tasks and procedures involved in providing a good or service to clients. The primary objective of the value chain is to find chances to add value and boost productivity at every level of the process, from acquiring raw materials to providing customers with the finished product. A service or an object both qualify as products. It might take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.
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Herro, Inc. has a defined benefit pension plan. At January 1, 2022, the value
of the plan assets is $5,155,000.
During 2022:
• Employer contributions are $322,000.
• $692,800 of benefits are paid.
• Expected returns on plan assets are $634,400 and actual returns on plan
assets are $526,000.
• Pension expense is $1,369,000.
What is the value of plan assets at December 31, 2022?
The value of plan assets at December 31, 2022, is $5,310,200.To determine the value of plan assets at December 31, 2022, we need to consider the changes in plan assets during the year.
The value of plan assets at January 1, 2022, is given as $5,155,000.
During 2022:
Employer contributions: $322,000
Benefits paid: $692,800
Expected returns on plan assets: $634,400
Actual returns on plan assets: $526,000
To calculate the value of plan assets at December 31, 2022, we can use the following formula:
Plan Assets at December 31, 2022 = Plan Assets at January 1, 2022 + Employer contributions + Actual returns on plan assets - Benefits paid
Plan Assets at December 31, 2022 = $5,155,000 + $322,000 + $526,000 - $692,800
Plan Assets at December 31, 2022 = $5,310,200
Therefore, the value of plan assets at December 31, 2022, is $5,310,200.
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what is the law of demand definition economics?
The law of demand is a fundamental principle in economics that explains the inverse relationship between the price of a good or service and the quantity demanded by consumers.
According to the law of demand, all other factors being equal, as the price of a good or service increases, the quantity demanded by consumers decreases, and vice versa. This means that when the price of a good or service is high, consumers are less likely to purchase it, either because they cannot afford it or because they are seeking lower-priced substitutes. Conversely, when the price of a products or service is low, consumers are more likely to purchase it, either because they can afford it or because it represents a good value compared to other options. The law of demand is a basic principle of market economics and is essential for understanding how markets function and how prices are determined.
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The law of demand, a foundational concept in economics, describes the inverse connection between the cost of a commodity or service and the amount required by customers.
When all other variables are held constant, the law of demand states that when an item or service's price rises, customer demand for a given amount declines, and vice versa. As a result, customers are less inclined to buy expensive goods or services, either because they cannot afford them or because they are looking for less expensive alternatives. On the other hand, when a good or service is inexpensive, customers are more likely to buy it, either because they can afford it or because it is a good deal compared to other possibilities. It is crucial to comprehend how markets operate and how prices are set in order to fully appreciate the rule of demand, which is a fundamental tenant of market economics.
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What is the very least amount of interest you could be charged, if you are charged at all?
Answer:
Most work in a manner that as you process more in the month and cover the minimum amount, the less you pay until you cover the full cost. For example, if your monthly minimum is $10.
what is the southernmost forest in the continental us?
The southernmost forest in the continental US is the Chihuahuan Desert forest. This forest is located primarily in Mexico but stretches into Arizona, Texas, and New Mexico in the United States. Chihuahuan Desert forest spans roughly 140,000 square miles, and its primary vegetation is shrubs, grasses, and trees such as mesquite, oak, juniper, and piñon pine. Additionally, the forest is home to several unique species, including the Chiricahua leopard frog, the Mexican wolf, and the pronghorn.
What is a forest? A forest is a large area of trees that are densely packed together, typically thousands of acres or more. A forest's biodiversity and ecological services are essential to life on the planet, as they provide oxygen, clean air, water filtration, and carbon sequestration, among other things.
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Which is true about the workplace of Construction workers? It can change. It is never outdoors. It can be in an existing building. It is a desk.
Answer:
A
Explanation:
Why might a business owner prefer to start a business in a laissez-faire economy? A. because the government will offer incentives for new business owners B. because the government makes all decisions, it is easier for business owners C. because it does not include things like taxes, tariffs, or any type of regulation D. because it has financial regulations that benefit start-up businesses
Answer:
D. because it has financial regulations that benefit start-up businesses
Explanation:
In a laissez-faire economy, the government does not interfere with economic activities of such as production, consumption, or private contracts. The government focuses on enforcing law and order, providing public goods, and regulating activities in the country.
Starting a new business in a laissez-faire economy assures an entrepreneur of fair business practices due to government regulations. The business owner will be confident when entering into contracts as the government enforces them.
Answer:
The correct answer would be C
Explanation:
Laissez-faire doesn't include things like taxes, tariffs, or any type of regulation and that's why businesses like to start with Laissez-faire.
Anthony is interested in becoming a licensed real estate professional in Florida. He knows that he must obtain his Florida real estate sales associate's license; however, in order to complete his license application, he must do which of the following?
A. Become a member of the National Association of Realtors.
B. Have a licensed Florida real estate broker employ him.
C. He must first work as an assistant to a licensed Florida real estate broker.
D. Have a licensed Florida real estate broker associate employ him.
Anthony is interested in becoming a licensed real estate professional in Florida. However, in order to complete his licence application, he must first work as an assistant to a licensed Florida real estate broker. Thus, option (c) is correct.
To apply for a real estate licence in Florida, all real estate brokers and agents must have a high school certificate or GED. Additionally, they require real estate knowledge.
Possess a high school diploma, or the equivalent. Provide documentation that you have finished a 63-hour classroom pre-licensing course that has been approved by the Florida Real Estate Commission (FREC) before taking the state exam. He should be employed with a real estate broker with a Florida licence.
As a result, the significance of the complete his licence application are the aforementioned. Therefore, option (c) is correct.
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which of the following statements concerning the securitization of risk is (are) true? i.securitization increases the capacity of the insurance industry. ii.securitization can be used to protect against catastrophic loss.
It is true that assertions about the securitization of risk are true that securitization boosts the capacity of the insurance business and that securitization can be utilised to defend against catastrophic events.
Securitization is the process of grouping assets with the aim to repackage them as interest-bearing securities. The investors who purchase the repackaged securities are given the payment of the interest and principal of the original assets. The securitization process begins when an issuer pools or combines various economic assets, such as a number of mortgages, to produce a marketable financial product. The premise that there is a lower likelihood of numerous assets defaulting compared to just one is the foundation for securitization. It is based on the notion that the likelihood of default for each asset is distributed differently.
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when your colleague says, "i’ll go along with whatever is best for you" she is showing what interpersonal conflict management strategy?
After analyzing the scenario, the interpersonal conflict management strategy she is showing is accommodating
What is an interpersonal conflict?Any disagreement between two or more persons might lead to an interpersonal conflict. Differences in objectives, standards, opinions, or access to resources are frequently the root cause of disagreements. Any situation where individuals are present can lead to interpersonal disputes, including the workplace, the family, the classroom, and interpersonal or professional connections.
Fortunately, there are a number of approaches to dispute resolution that allow you to maintain your connection. Even while it may occasionally be beneficial, fighting can be challenging for many people. Many individuals try to avoid conflict, defend themselves, or attack. One might feel more secure and ready to handle conflict without harming the relationship by being equipped with knowledge and skills on how to manage it.
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To be eligible for federal grants to pay for college, a student must _____.
(PLATO CORRECT ANSWER ONLY)
A. attend either a public university or community college
B. complete one year of college in good standing
C. complete the FAFSA before the deadline
D. be able to pay more than half the tuition
Your brother has asked you to help him with choosing an investment. He has $5,000 to invest today for a period of two years. You identify a bank term deposit that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
How to Apply the Rule of 72. According to the Rule of 72, $1 invested at a 10% yearly constant interest rate would increase to $2 after 7.2 years ((72/10) = 7.2). In reality, a 10% investment will double in 7.3 years ((1.107.3 = 2)).
How much entertainment, compounded annually, would it take to double a fund in six years?You may also calculate it backwards: divide 6 by 72 to get that a hobby charge of roughly 12 percent will be needed if you want to quadruple your money in six years.
What hobby costs how much per year if you want to double your money in three years?How to Apply the Rule of 72. For instance, the Rule of 72 stipulates If you want to double your money in three years, your investments must provide annual returns of between 21% and 24% (72/3 years). Similar to this, if you want to double your money in five years, your assets must grow at a rate of about 14.4% per year (72/5).
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How much money is this legitimately worth???
Answer:
$300,000
Explanation:
Why might working on a commission basis make dealing with finances more difficult?
(need a few sentences)
Cameron Herold, business coach and mentor, challenges entrepreneurs to imagine the business in ______ year(s) with his concept Vivid Vision.
Cameron Herold, business coach and mentor, challenges entrepreneurs to imagine the business in three year(s) with his concept vivid vision.
Who is an entrepreneur?An entrepreneur refers to a person that creates a new business and bears most of the risks and enjoying most of the rewards.
It is to be noted that an entrepreneur is the coordinating factor of a production as well hence bear the risk involved in such coordination.
Hence, Cameron Herold, business coach and mentor, challenges entrepreneurs to imagine the business in three year(s) with his concept Vivid Vision.
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3.
What is the importance of trade?