When a company uses economic profit as a performance metric, managers have an incentive to invest only in projects that have high economic profits.
They will only invest in projects that can bring in more revenue than the total opportunity costs. Economic profit is the difference between a company's total revenue and total costs, including both explicit and implicit costs. Explicit costs are expenses that can be directly linked to the production of a good or service, such as the cost of raw materials or salaries paid to workers. Implicit costs, on the other hand, are opportunity costs and include the benefits that are given up by choosing one alternative over another.
A company that uses economic profit as a performance metric will strive to maximize economic profit rather than accounting profit. By doing this, managers will only invest in projects that provide the highest possible economic profit. This will ensure that the company is using its resources efficiently and earning the highest possible return on investment.
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The accounting equation can be stated as
A. Expenses = Liabilities - Owner's Equity
B. Assets - Liabilities = Owner's Equity
C. Liabilities = Revenue + Owner's Equity
D. Owner's Equity = Assets + Liabilities.
Answer:
a
Explanation:
a
Because susans standard deduction is greater than the amount she made, it turns out that Susan never owed taxes. How large of a refund should she expect from the Federal
government if she follows through on filing her 1040 form
Note that if Susan's standard deduction is greater than the amount she made, it means her taxable income is zero. If she had any taxes withheld from her paychecks throughout the year, she would be eligible for a full refund of those taxes.
What is the rationale for the above response?Assuming Susan is a single taxpayer under the age of 65 and not claimed as a dependent on anyone else's tax return, her standard deduction for tax year 2022 (filing in 2023) would be $12,950.
If Susan's total income for the year is less than or equal to $12,950, she would owe no federal income tax and would be eligible for a full refund of any federal income tax withheld from her paychecks or estimated tax payments she made throughout the year.
The exact amount of her refund would depend on how much federal income tax was withheld from her paychecks or paid in estimated tax payments throughout the year. Susan can determine the amount of her refund by completing her tax return using Form 1040 and any other applicable forms and schedules.
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A three-step model developed by Kenneth Blanchard and Norman Vincent Peale is used to evaluate:a. alcoholismb. legal issuesc. comparable worthd. an ethical dilemma
The three-step model developed by Kenneth Blanchard and Norman Vincent Peale is commonly used to evaluate ethical dilemmas.
The first step of the model is to determine whether the action in question is legal. This step is important because it establishes a baseline of ethical behavior. If an action is illegal, it is generally considered unethical.
The second step of the model is to evaluate whether the action is balanced or fair to all parties involved. This step takes into account the interests of all stakeholders and seeks to find a solution that is mutually beneficial.
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How can reviewing your personality assessments, values, and other personal information help you create an academic or career plan?
A. it helps make the goal setting more fun
B. to help you avoid boring milestones
C. to help you align your career choices and goals with your interests and needs
D. it helps you make your academic and career plans more performance-based
Reviewing your personality ratings, values, and other personal information can help you build an academic (college) or career plan by:
Helping you align your career choices and goals with your interests and needs (Option C)
What is a Plan?A plan is a program or method prepared in advance, a project or goal, or a blueprint or design for something. Planning means thinking about how to achieve your goals. An orderly or progressive design or proposal to achieve a goal.
it can also mean a series of decisions about how to do something in the future; think and decide what to do or how to do something:
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The world's four major trading currencies, the Japanese yen, the U.S. dollar, the British pound, and the European Union's euro, are all free to float against each other. What is this an example of? Select one: a. pegged exchange rate regime b. floating exchange rate regime c. managed-float system d. fixed exchange rate regime
Write the names of sender and receiver of quotation letter in foreign trade.
Answer:
Wydm
Explanation:
Caterpillar tractors are made in the US. If Tractors Ltd., a company in Britain, wants to buy a tractor, it must pay for it in US dollars ($). But Britain's currency is the pound sterling (£). How would the British company complete the sale?
Answer:
Tractors Ltd. would pay an exchange fee to buy dollars with their pounds.
Explanation:
Foreign exchange involves the exchange of one currency for another during a transaction between two countries with different currencies.
In international trade a country like Britain for example will have to exchange it's currency (pound) for the dollar in order to complete the transaction that is in dollar.
This exchange usually attracts a conversion fee that is paid by the buyer in this transaction.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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research a current or past incident where a company experienced
vulnerability in their supply chain.
In 2013, there was a massive data breach incident in Target Corporation's supply chain, resulting in personal information of 70 million customers being stolen.
Target Corporation's supply chain experienced a significant vulnerability in 2013, resulting in a massive data breach incident. On December 19, 2013, Target Corporation revealed that during the Thanksgiving and Black Friday shopping season, cybercriminals had stolen customers' personal data, including names, telephone numbers, and email and postal addresses, as well as debit and credit card information.
The data breach cost Target a total of $252 million in damage control and legal fees. After the data breach, Target also appointed a new CEO and chief information officer to lead the organization's security operations and maintain transparency with customers.
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why is the quality of standards/services of products usually low for a domestic business?
Answer:
Domestic Business requires comparatively less capital investment as compared to international business. Domestic Business has few restrictions, as it is subject to rules, law taxation of a single country. As against this, international business is subject to rules, law taxation, tariff and quotas of many countries and therefore, it has to face many restrictions which are barriers in the international business. The nature of customers of a domestic business is more or less same.
Explanation:
Hope it helps you
Lean manufacturing has been adopted by a variety of companies. How might a shoe manufacturer use this
manufacturing style to add more value to the shoes they sell? (Select all that apply.)
-Stockpile leather to get the most benefit from economies of scale
-Purchase leather in amounts matched to demand
-Base production levels on demonstrated capacity
-Include manufacturing operations in the design phase
Answer:
I think it is b c d
Explanation:
A doesnt support lean manufacturing because stockpiling will increase time needed for production, manufacturing. B, C, and D express ideas that support lean manufacturing. B supports having an even supply for even customers. C supports only making what you need limiting times. D describes the plan you will make in manufacturing which supports lean manufacturing.
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briefly describe the five criteria that measure the effectiveness of a performance management system.
Planning, monitoring, developing, rating, rewarding are the five criteria that measure the effectiveness of a performance management system.
The term "performance management system" can refer to a wide variety of approaches and tools used to assess and improve employee performance. There are some common elements of performance management systems.
These elements include setting goals, providing feedback, and offering opportunities for development. When used effectively, performance management systems can help organizations to improve employee productivity and engagement.
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Which of the following is the highest-ranking taxa into which living organisms are classified in Linnaean taxonomy? Domain Trophic level Class Order.
Answer:
A: Domain
Explanation:
Answer:
A - Domain
Explanation:
In the context of sequencing,__________is the difference between the completion time and the due date of a job. a. flow time b. makespan c. lateness d. tardiness
In the context of sequencing, it should be noted that the difference between the completion time and the due date of a job is known as lateness.
Makespan simply means the time that's needed to process a given set of jobs. On the other hand, tardiness is the amount of time where the completion time exceeds the due date of the job.
The difference between the completion time and the due date of a job is simply referred to as lateness. In this case, the job is past its due date.
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1. The Industrial Revolution began primarily because of.
A) Larger numbers of people unable to find work
B) The growth of corporations in the U.S.
C) The invitation of machines allowing the faster processing of raw materials.
D) Managers using practices to improve productivity of employees.
2. The first effort to apply scientific study to the management of businesses was?
A) Behavioral management
B) Classical management
C) Quality management
D) administrative management
The Industrial Revolution began primarily because of the invitation of machines allowing the faster processing of raw materials. The Option C is correct.
What led to Industrial Revolution in Europe?The Industrial Revolution transformed the economy from an agrarian to a manufacturing economy in which products were no longer made solely by hand but also by machines. This resulted in increased output and efficiency, lower prices, more goods, higher wages, and a shift from rural to urban areas.
The first Industrial Revolution began in Great Britain in the mid-to-late 1700s, when innovation led to large-scale production of goods through machine manufacturing. This spread around the world, and the Second Industrial Revolution began in the late 1800s in the United States, with further technological advancements leading to greater efficiency.
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please respond to all parts of the question below, each with its own section. a. do you think businesses should voluntarily undertake environmental efforts, beyond those required by law? why or why not? b. describe the sustainability management practices of a business firm with which you are familiar. which stage of the corporate environmental responsibility model best fits this firm, and why? looking again at this same firm, what steps might its managers take to improve its environmental performance? in answering this question, consider the various elements of effective environmental management.
a. Yes, I think businesses should voluntarily undertake environmental efforts beyond those required by law. There are several reasons for this:
Environmental degradation can have negative impacts on businesses, including increased costs due to natural disasters or regulatory fines, as well as reputational damage from negative public perception. By proactively addressing environmental issues, businesses can mitigate these risks and potentially even benefit from improved reputation and customer loyalty.Some environmental efforts may also have financial benefits for businesses, such as reduced energy costs from energy efficiency measures or the ability to sell excess renewable energy back to the grid.Businesses have a responsibility to operate in a way that takes into account the well-being of society and the environment. By proactively addressing environmental issues, businesses can demonstrate their commitment to sustainability and their broader role in society.b. One business firm that I am familiar with that has strong sustainability management practices is Patagonia, an outdoor clothing and gear company. Patagonia has a comprehensive environmental policy that includes commitments to reducing the environmental impact of its products and operations, as well as advocating for environmental causes.
To improve its environmental performance, Patagonia's managers could consider implementing additional sustainability initiatives, such as increasing the use of recycled materials in its products, implementing water conservation measures in its manufacturing processes, or increasing the use of renewable energy in its operations. Other elements of effective environmental management that Patagonia's managers could consider include setting clear environmental goals and targets, engaging with stakeholders (including employees, customers, and suppliers) on environmental issues, and reporting transparently on the company's environmental performance.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answer:
B. Customer needs, company goals, profits
Explanation:
Which events could cause the change in demand shown on this graph?
Check all that apply.
Answer:
Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.
1) Issued common stock for $5,000 cash. (2) Earned $3,000 of cash revenue. (3) Paid a $4,000 cash to purchase land. (4) Paid cash dividends amounting to $400. (5) Paid $2,200 of cash expenses. Based on this information, the amount of cash flow from investing activities appearing on the statement of cash flows is
Answer:
-$4,000
Explanation:
The computation of the amount of cash flow from investing activities is shown below:
= Paid a $4,000 cash to purchase land
Since the land is purchase for cash so the amount is to be shown in the investing activities in a negative value as the purchase is the outflow of cash
So the same is relevant
Kristoffer needs to create cell names that match the column headings he has already created. Select the correct navigational path to set those names using the Create from Selection command. Click on the tab on the ribbon and look in the Defined Names gallery.
Answer:
formula
create from selection
top row
Explanation:
just took the question on edge
The correct navigational path to create cell names that match the column heading using the Create from Selection command is: Click on the Formula tab on the ribbon and look in the Defined Names gallery. Select the range of cells, including the row that includes the name you wish to use. Select Create from Selection. Select Top row and click OK.
What is a cell?Cells are the boxes that appear in an Excel worksheet's grid. On a worksheet, each cell is identified by its reference, the column letter and row number that intersect at the cell's location.
Instead of creating cell names one by one, "Create from Selection" tool can be used to create cell names from a selection. The tool is in the "Defined Names" group of the Formulas menu.
Therefore, the correct path for using the Create from Selection command is first to click on Formula tab and look in the Defined Names gallery. Then select the range of cells, including the row that includes the name wish to use. Select Create from Selection. Select Top row and click OK.
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Use the fundamental characteristics of the four major types of interest-paying checking accounts to assess the following scenario. Your good friend Valerie received an inheritance from a distant relative. Valerie asks your advice about interest-paying checking accounts. She wants to create a unified and coordinated bundle of checking, savings, stock brokerage, and mutual fund accounts whose transactions are reported in a single monthly statement. Which interest-paying checking account would you recommend to Valerie
You should advise Cho to open an asset management, all-in-one, or central asset checking account, which pays interest.
A single monthly statement detailing all of the transactions in the AMA's checking, savings, stock brokerage, and mutual fund accounts is provided.
Cho should be advised to open an interest-bearing checking account with the AMA. Some of the attributes of a standard checking account and those of an investment account are combined in an asset management account. Banks are using this type of account more frequently as clients look for ways to streamline their finances and save time. The AMA provides a unified and coordinated assortment of mutual fund, stock brokerage, checking, and savings accounts, with a single monthly statement detailing all transactions.
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The best interest-paying checking account for Yvette is Asset management account (AMA).
It is the best because Yvette can easily obtain their monthly statement of account information and because this account makes it possible to easily verify their accounts. With this account, banks offer debit or credit card services, allowing Yvette to easily have access to a mini statement of her bank account information from an ATM.
This account provides a range of services to the account holders, including account verification, debit or credit card capabilities, money transfers between account holders' accounts, and the ability to borrow money at a lower interest rate.
Other interest-paying checking accounts are:
MMDAs (Money Market Deposit Accounts) are a type of savings account that, in comparison to traditional savings accounts, allows account holders to earn a higher rate of annual yield. Compared to a standard savings bank account, this account requires a larger minimum balance in the account holder's accounts.
Money Market Mutual Funds (MMMF): This is an account that enables people to invest their money in debt or securities for a brief period of time and then withdraw it.
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Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff". Billy works pretty hard at landscaping jobs. He's only in the 8th grade, but has goals to get a car, go to college and buy a big house. What advise do you have for him?
Answer: See explanation
Explanation:
Based on the information given in the question, the advise for Billy is that he should save his money rather than purchasing things that are useless.
He has goals to get a car, go to college and buy a big house but he's rather spending on useless stuff. This will make his goals harder to achieve but saving the money for future purpose is essential to achieve his dreams and meet other demands.
There is no such thing as "the law" in that law comes from many different sources.
Answer:
At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.
what process answers the question "what do we need to order to produce the product, and when do we need to order these raw materials?"
The process that we need to order to produce the product, and when do we need to order these raw materials" is commonly referred to as Materials Requirements Planning (MRP).
MRP is a software-based production planning and inventory control system used to manage manufacturing processes.
It helps to determine the required raw materials, quantities, and schedules needed to produce a product, and ensures that the necessary materials are ordered and delivered in a timely manner.
The process starts with the sales and operations plan, which defines the forecasted demand for the product.
MRP then calculates the required quantities of raw materials based on the bill of materials and production lead time.
The result is a comprehensive list of the necessary materials, components, and timing for ordering, which helps ensure that the necessary materials are available when needed to maintain production schedules and avoid stockouts.
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Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground for the city of Northville. All construction plans and documents have been provided as well as a budget amount and completion date. Based on the above scenario, and assuming the project manager has studied all construction plans and documents and reviewed the budget, the next step for the manager will be to __________.
Explanation:
create a project schedule flow chart
The primary users of accounting data in civil law countries such as _____ are creditors.
The primary user of accounting data in civil law countries such as Germany is creditors.
Civil law is part of a country's set of legal guidelines that are worried about the personal affairs of citizens, as example marriage and belongings ownership, as opposed to crime.
Civil law offers instances where wrong is carried out against a selected character. Criminal regulation consists of subjects of offense in opposition to society at big. The most not unusual civil wrongs are Negligence and breach of settlement, and so on. The source of civil and crook legal guidelines lies within the colonial era.
Civil law is a criminal system originating in mainland Europe and followed in much of the sector. The civil law machine is intellectualized within the framework of Roman regulation, and with core standards codified right into a referable device, which serves as the number one supply of law.
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High beams should be:
a. Dimmed when you are within 100 feet of another vehicle.
b. Used whenever it is safe and legal to do so.
c. Turned on when an oncoming driver does not dim his or her lights.
d. All of the above.
In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
"Which of the following statements are TRUE? I Accrued interest is added to the buyer's confirmation II Accrued interest is added to the seller's confirmation III Accrued interest is included in the buyer's cost basis IV Accrued interest is included in the seller's sale proceeds"
Answer: I. Accrued interest is added to the buyer's confirmation
II. Accrued interest is added to the seller's confirmation
Explanation:
Accrued interest is the amount of interest incurred on a loan at a particular date which has not been paid out yet. To the lender, it's a form of revenue and to the borrower, it's an expense.
Therefore, an accrued interest is added to the buyer's confirmation and also added to the seller's confirmation.
1. What is not a reason why the average size of families is likely to be greater in developing
countries than in developed countries?
(a) Children offer the prospect of security in old age.
(b) Government childcare support is widely available.
(c) Means of birth control are less available and more expensive.
(d) Women are less likely to be part of the workforce.
[1]