Examples of product costs are direct materials, direct labor, and allocated manufacturing unit overhead. Examples of length fees are commonplace and administrative expenses, such as rent, office depreciation, office supplies, and utilities.
What is a product cost vs length cost?Product prices are these without delay associated to the manufacturing of a product or carrier meant for sale. Period prices are all different oblique costs that are incurred in production. Overhead and sales and advertising and marketing costs are common examples of length costs.
The three familiar classes of prices protected in manufacturing tactics are direct materials, direct labor, and overhead. Note that there are a few exceptions, considering the fact that some service industries do not have direct cloth costs, and some computerized manufacturing companies do no longer have direct labor costs.
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https://brainly.com/question/28294479#SPJ4Which of the following reflects a way of expressing information about the amount of coffee cups producers are willing and able to produce?- supply curve; supply schedule
Supply Curve And Supply schedule reflects a way of expressing information about the amount of coffee cups producers are willing and able to produce.
Supply Curve:
A supply curve is a graphical representation of the correlation between the cost of a good or service and its supply over a period of time. In a typical plot, price is displayed on the left vertical axis and shipment quantity is displayed on the horizontal axis.
As soybean prices rise, farmers have an incentive to produce less corn and more soybeans, increasing the total amount of soybeans on the market. The degree to which an increase in price leads to an increase in quantity is called the elasticity of supply or the price elasticity of supply. Soybean supply elasticity is 1 if soybean production increases by 50% when soybean prices rise by 50%.
Supply Schedule:
A Supply schedule is a table showing the quantity delivered at each price. A supply schedule is a chart that shows the amount of supply at each price. A supply curve is a graphical representation of a supply schedule, hence the name supply schedule.
If the price of goods is €100, Company A will supply his 1000 units and Company B will supply his 3000 units. So the market supply is 4000 units. If the price is EUR 500, Company A ships 5000 units and Company B ships 7000 units. Therefore, the market demand he will increase to 12000 units.
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petra works for a fiber optics component manufacturer and deals with cutting-edge technology. he needs the workers he supervises to produce creative products regularly. since he effectively supports his workers and understands the motivations and strong emotions they feel when they are creating innovative products and concepts, petra exhibits
In the situation given above, it may be concluded to state that Petra exhibits a higher degree of emotional intelligence.
The emotional intelligence of a person can be determined by the level of skill that a person possesses with respect to handling the emotions, thereby motivating to create a feeling of making innovations through products and concepts. Emotional intelligence is one of the striking characteristics of an ideal manager. Therefore, it may also be stated that an ideal manager must possess it.
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A financial analyst reports that for people who work in the finance industry, the probability that a randomly selected person will have a tattoo is 0.20.
answer choices
For all workers in the United States, 20% will work in finance.
For all finance workers, 20% will have a tattoo.
For all people with tattoos, 20% will work in finance.
For a specific group of 5 finance workers, 1 will have a tattoo.
For a specific group of 5 people with a tattoo, 1 will work in finance.
In the long run, 0.20 is the relative frequency at which a finance worker will have a tattoo.
What requirements must a financial analyst meet?The minimum educational need for financial analysts is often a bachelor's degree; however, higher roles frequently demand for a master's degree. A bachelor's degree is needed for the majority of jobs. Accounting, economics, finance, statistics, mathematics, and engineering are just a few of the subject areas that offer suitable preparation.
Is working as a financial analyst challenging?Most financial analysts describe having a lot of work to do and being under a lot of stress. The actual work is complicated, necessitating much learning and ongoing research. Financial analysts typically make good money, but in many circumstances that money is often paid at the expense of a good work-life balance.
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the government of the articles of confederation was successful in resolving the problem of how to responses open british caribbean ports to american trade open british caribbean ports to american trade enable american citizens to trade through the port of new orleans enable american citizens to trade through the port of new orleans overcome state-imposed tariff barriers to interstate commerce overcome state-imposed tariff barriers to interstate commerce provide for statehood for western territories provide for statehood for western territories secure sufficient funds for payment of the national debt
open british caribbean ports to american trade enable american citizens to trade through the port by provide for statehood for western territories.so correct answer is provide for statehood for western territories.
What does the word "trade" mean?The exchange of commodities or services on a voluntary basis between members of the economy is referred to as trade. Trade is typically seen as advantageous to both parties because transactions are voluntary. Trading is the term used in finance to describe the buying and selling of securities or other assets. Consider Liam and Henry to be the two individuals. Liam needs food, whereas Henry has food but needs wool, and vice versa. In order to make sure that Liam receives food and Henry receives wool, which will satisfy both of them, Liam and Henry will trade food and wool. An excellent illustration of trade is this.
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Which of the following usually oversees banking and short-term and long-term financing, investments, and cash management of a company?-------------------------------------------------------The controllerThe chief financial officerThe internal auditorThe chief accounting officer
The correct option is (B)The chief financial officer. The one who usually oversees banking and short-term and long-term financing, investments, and cash management of a company.
The CFO is responsible for managing the financial and operational performance of a company, including financial planning, forecasting, budgeting, and forecasting performance using analytics and statistical methods.
The CFO is also responsible for providing strategic direction and implementing best practices for the company's financial operations. In addition, the CFO is responsible for overseeing the day-to-day operations of the company's bank, securities and investment firm, and other financial services subsidiaries.
Question:
Which of the following usually oversees banking and short-term and long-term financing, investments, and cash management of a company?
A. The chief accounting officer
B. The chief financial officer
C. The internal auditor
D. The controller
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in the context of tangible benefits, which of the following products are easier to sell than others? group of answer choices investment products toy cars computer software music on mobile applications insurance products
Insurance products may be considered more difficult to sell compared to other products in the group, such as investment products, toy cars, computer software, or music on mobile applications.
This is because insurance products often require a more complex sales process and a greater understanding of the product by both the seller and the buyer. The benefits of insurance products, such as protection against financial loss, are intangible and not immediately visible, which can make them more challenging to communicate and sell. Additionally, the sales process for insurance products may involve more regulations and compliance measures than other types of products.Because the advantages of insurance goods, such as security from financial loss, are illusive and not immediately apparent, communicating and selling them can be more difficult. moreover, compared to other product kinds, the selling process for insurance goods may entail additional rules and compliance requirements.
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Refer to the above data. If the firm closed down and produced zero units of output, its total cost would be: O A. zero. O B. $50. O C. $150. O D. $100.
The firm has closed and produced no production units, its total cost would be $50.
Define zero production units?
If the output is zero, it is the variables cost zero. Variable costs are those that depend on the level of production. Fixed costs are those incurred even when output is zero, so variable costs are zero when output is zero. If output is zero, total cost is non-zero because total cost is both the total variable costs as well as total fixed costs. Therefore, total variable cost can be zero, but total fixed cost cannot be zero. Therefore, the total cost of zero output is not zero. The term zero-cost strategy refers to a deal or business decision that has no cost to execute.
The zero-cost strategy costs neither the company nor the individual while simplifying operations, increasing process efficiencies or reducing future expenses.
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refer(s) to the arrangement that ensures strategic goals align downward with more specific short-term goals.
Cascading goals refers to the arrangement that ensures strategic goals align downward with more specific short-term goals that is option A is correct.
Within an organization, goals are set according to the importance of the task. The goals which are on a priority are placed on the most top level within the organization and then the goals are arranged in order of decreasing priority. Cascading goals are those goals that are referred to as the most important and strategic goals within the organization. These goals are most important and these are related to the strategies that an organization makes regarding improving its production and efficiency in the market. The other goals like customer range, advertisement and many more are place below the cascading goals.
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Complete Question:
refer(s) to the arrangement that ensures strategic goals align downward with more specific short-term goals
A. Cascading goals
B. Tactical goals
C. Operational planning
D. Situational planning
Volkswagen has announced that it will develop a new line of energy-efficient vehicles that are powered by electricity. VW may offer a van that resembles its iconic Vanagon model from the 1970s and 1980s. The company is currently estimating the size and sales potential of key market segments, as well as identifying competitors who currently serve those segments. Volkswagen is performing a(n) _______.
a. market differentiation analysis (MDA)
b. market segment analysis (MSA)
c. market capability analysis (MCA)
d. market opportunity analysis (MOA)
The company is currently estimating the size and also the sales potential of key market segments, as well as identifying competitors who currently serve those segments. Volkswagen is performing a market opportunity analysis (MOA).
Volkswagen is taking a deep dive into their current market opportunities with the help of a market opportunity analysis (MOA). This type of analysis tends to require a comprehensive look at the current market environment and Volkswagen's position in it.
However, the market opportunity analysis (MOA) typically involves an in-depth examination of the current and potential customers, relevant trends, and the competitive landscapes. Also by estimating the size and also the sales potential of key market segments.
Hence, option D is correct.
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Dialogue or conversation that takes place in real-time, without long delays between exchanges that occur in email or discussion boards is which of the following:
Group of answer choices
Digital wave communication
Asynchronous communication
Synchronous communication
Digital-defined communication
Synchronous communication is the dialogue or conversation that takes place in real-time, without long delays between exchanges.
Explain about Synchronous communication:This means that participants in the conversation are able to respond and interact with each other in a timely manner, similar to a face-to-face conversation. Examples of synchronous communication include phone calls, video conferencing, and instant messaging.Asynchronous communication, on the other hand, is a form of communication where there is a delay between exchanges. This means that participants in the conversation may not be able to respond or interact with each other in real-time. Examples of asynchronous communication include email, discussion boards, and social media posts.Digital wave communication and Digital-defined communication, on the other hand, are not related to the concept of real-time communication. Digital wave communication refers to the transmission of data through digital wave signals, while digital-defined communication refers to the use of digital technologies to communicate.To learn more about Synchronous communication refer to;
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If an industry consists of 20 firms holding equal market shares, the Herfindahl index is O 500. 400. O 1,800. O 2,500. This cannot be determined without further information.
The Herfindahl index is 2500 if an industry consists of 20 businesses with equal market shares.
The Herfindahl Index is an economic measure of market concentration. It is calculated by summing the squared market shares of all the firms in a particular market. It is used by antitrust regulators to determine if a market is too concentrated and to measure the level of competition in a market. The Herfindahl Index takes on a range of values from 0 to 1,000. A value of 0 indicates perfect competition and a value of 1,000 indicates a monopoly. Generally, a score of below 1,500 is considered to be a competitive market, while a score of 1,500 or above is considered to be a concentrated market.The Herfindahl Index is an important tool for economists and antitrust authorities to measure the level of competition in a market and determine whether the market is too concentrated. By monitoring the Herfindahl Index, antitrust authorities can identify firms that are engaging in anti-competitive behavior and take action to promote competition.
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absorption costing treats fixed manufacturing cost as a product cost , while variable costing treats it as a period cost . sr toys has____
Absorption costing treats fixed manufacturing cost as a product cost , while variable costing treats it as a period cost . sr toys has absorption costing.
What is Absorption costing?
Full costing is another name for absorption costing. Public enterprises must control their cost of goods sold (COGS) using the absorption costing approach. This approach is also often used in private businesses since, unlike variable costing, it complies with GAAP.
Allocating all of the direct expenses related to producing a good to COGS is known as absorption costing. This covers all varying expenses related to production, such as:
raw material priceCost of labor per hourmanufacturing employees' salariesvariable electricity costs for powering an industrial plantAn income statement utilising absorption costing may separate variable direct expenses and fixed direct costs depending on the degree of transparency a firm maintains.
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Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
Amazon's founder, Jeff Bezos, has always taken a keen interest in tax planning. From the beginning, loopholes were a key part of Amazon's ability to undercut rivals on price. When setting up the company, Bezos even considered basing it on an American Indian reservation near San Francisco to exploit state tax loopholes.
The world's largest internet retailer collects sales taxes from only five American states, exploiting a 1992 court ruling that US businesses without a physical presence – such as a shop or warehouse – in a state cannot be required to collect its sales tax. Amazon has a map of the US with each state coloured red, yellow or green. Executives travelling to red states need company permission before entering, in case their actions trigger laws that force Amazon to collect taxes there.
FILL IN THE BLANK. when a country's currency appreciates, its exports will ___ and its imports will .___
A nation whose imports exceed its exports will have lower currency demand. Trade balances can fluctuate, which causes currencies to do the same.
What does the word "demand" actually mean?
to make a firm request and convey that you don't anticipate being refused: I sought a response. This year, the union is calling for a 7% salary increase. He has always expected his kids to act in accordance with the greatest moral standards. Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income.
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Underwriters who are assisting an issuer in bringing securities to the investing public can do which of the following between the time the registration was filed with the SEC and the effective date?
A)Make a binding offer to sell the securities
B)Distribute a preliminary prospectus to the investing public
C)Mail sales literature to those who have expressed an interest in purchasing the securities
D)Solicit orders from investors to purchase the securities
A preliminary prospectus can be distributed to the investing public at the time the registration was submitted to the SEC and the effective date by underwriters who are helping an issuer offer securities to the investing public.
Are prospectuses filed with the SEC?The Securities and Exchange Commission (SEC) must receive a prospectus, a legal document that gives details about a securities offering to the general public. A prospectus is provided for the offering of stocks, bonds, and mutual funds.
What does a prospectus that has not received SEC approval go by?A preliminary prospectus must first be made available before any official offer may be made. The strategy of a company, the anticipated use of cash, financial figures, and managerial information may all be included in a preliminary prospectus.
When may preliminary prospectuses be sent?Before the Securities and Exchange Commission (SEC) declares that an issuer's registration statement is lawful under Section 10 of the Securities Act of 1933, the issuer may prepare and disseminate a preliminary prospectus (b). Issuers continue to be required to prepare a final prospectus in accordance with Section 10 before putting their securities up for sale (a).
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What is a business model?
A business model explains the logic behind how a company develops, delivers, and captures value.
What best describes a business model?A company's strategy for turning a profit is referred to as its "business model." It lists any estimated costs as well as the goods or services the company expects to sell, as well as the target market it has chosen. For both newly launched and long-running businesses, business models are crucial.
A business model explains the logic behind how a company develops, delivers, and captures value. The following nine building elements can be used to characterize it: Customer Segments, Value Propositions, Channels, Customer Relationships, Revenue Streams, Key Resources, Key Activities, Key Partnerships, and Cost Structure.
Your business plan's financial plan may be its most crucial section. This is specifically true if the business strategy is intended for lenders or investors. Specifically tailored to each firm, this component covers predictions, budgets, and objectives.
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one of the goals of user support is to enable users to be as self-reliant as possible to reduce their need for support.
It is completely appropriate to be mentioning that enabling the users to be as self-reliant as possible to reduce their need for support is one of the goals of user support. Therefore, the given statement can be held as true.
User support has definitely become an essential phenomenon of any business process. This also ensures that there are no blunders occurring on the part of the users, as they become self-reliant to the highest level of possibilities. The development of self-reliant processes reduces the need for support, and that is why, it is one of the goals of the user's support.
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A cell phone manufacturing company gives away a free case with a purchase of any product higher than $50. Which of the following is being exemplified in this case?
Businesses sell a number of items or services as a single comprehensive package under the marketing strategy known as bundling and the given situation is an example of a (C) bundling strategy.
What is the bundling strategy?
In a marketing tactic known as bundling, businesses sell a number of goods or services as one comprehensive package.
Although the bundled goods and services are frequently related, they might also include unrelated goods that appeal to a certain clientele.
Bundle pricing is a business approach where businesses combine multiple products into one package and offer it for one price rather than assigning separate prices to each product.
When price bundling, businesses will sell two things for less than the total prices of the two products alone.
Cable TV, mobile services, and value meal packages at fast food restaurants are typical instances of bundle pricing.
Therefore, the given situation is an example of a (C) bundling strategy.
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Correct question:
A cell phone manufacturing company gives away a free case with a purchase of any product higher than $50. Which of the following is being exemplified in this case?
a. A cross-sell strategy
b. A third-party pay strategy
c. A bundling strategy
d. A blue ocean strategy
on july 1, casa development co. purchased a tract of land for $1,200,000. casa incurred additional costs of $300,000 during the remainder of the year in preparing the land for sale. the tract was subdivided into residential lots as follows:
Correct answer is $600000.
The relative sales value technique allocates price based on the relative fee of belongings in a group.
The total sales cost of the lots is $6,000,000 [(100 × $24,000) + (100 × $16,000) + (200 × $10,000)].
Class A represents 40% of the complete cost ($2,400,000 ÷ $6,000,000). Total costs equal $1,500,000 ($1,200,000 + $300,000).
Thus, the quantity of costs allocated to Class A is $600,000 ($1,500,000 × .40).
Cost allocation is the system of identifying, aggregating, and assigning fees to value objects. A fee object is any endeavor or item for which you prefer to separately measure costs. Examples of fee objects are a product, a lookup project, a customer, a income region, and a department.
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https://brainly.com/question/30284599#SPJ4One dimension of Quality is product Performance. Match the customer expectation result with the different performance relationship:
Meets
Exceeds
Does not meet
Performance < Expectations
Performance > Expectations
Performance = Expectations
One dimension of quality is product performance. 1 - Exceeds is Performance > Expectations, 2 - Meets is Performance = Expectations, and 3 - Does not meet is Performance < Expectations.
When the product performance exceeds customer expectations, it is considered to be of higher quality than expected. This relationship is represented by option B, "Exceeds".
When the product performance does not meet customer expectations, it is considered to be of lower quality than expected. This relationship is represented by option C, "Does not meet".
When the product performance is equal to customer expectations, it is considered to be of expected quality. This relationship is represented by option A, "Meets".
Complete question:
One dimension of Quality is product Performance. Match the customer expectation result with the different performance relationship:
A - Meets
B - Exceeds
C - Does not meet
1 - Performance > Expectations
2 - Performance < Expectations
3 - Performance = Expectations
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In which of the following stages of the consumer buying decision process does a person use evaluative criteria to assess a consideration set?a. evaluation of alternativesb. post purchase evaluationc. information searchd. purchasee. problem recognition
Option a is correct. During the alternatives evaluation stage, the consumer buying decision process uses evaluation criteria to evaluate a set of considerations.
Organizations that want to be successful must take buyer behavior into account when developing their marketing mix. Buyer behavior refers to the actions people take in consumer buying and using products. Marketers need to understand buyer behavior. How price increases or decreases affect shoppers' perceptions of the product, thereby leading to volatility in sales, or how certain social media reviews steer an entirely new direction in the marketing mix based on comments. (shopper behavior/input) of the target market.
Once the process begins, potential buyers can opt out at any stage of the actual purchase. A person's propensity to go through all six stages may only exist in certain purchase situations. For example, when purchasing a product for the first time, or when purchasing an item that is expensive, durable, and infrequently purchased. This is called complex decision making.
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The___defense assumes that the plaintiff had knowledge of the specific risk, and that he or she voluntarily assumed that risk.
The affirmative defense assumes that the plaintiff had knowledge of the specific risk, and that he or she voluntarily assumed that risk.
A plaintiff's right to compensation against an inattentive tortfeasor may be barred or reduced under the rule of offences defence known as "assumption of risk" if the offender can show that the plaintiff willingly and materially anticipated the risks associated with the unsafe action to which they were contributing. The most common example is a waiver of responsibility used before taking part in a risky action. The plaintiff's decision to take the risk of the particular harm that occurred is frequently a factor in cases when the respondent presents a quick statement of the hazard defence.
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Sheffield Company assigns overhead based on machine hours. The Milling Department logs 2400 machine hours and Cutting Department shows 4150 machine hours for the period. If the overhead rate is $4 per machine hour, the entry to assign overhead will show a debit to Work in Process for $16600. credit to Manufacturing Overhead for $26200. credit to Work in Process -Cutting Department for $16600. debit to Manufacturing Overhead for $26200.
2400 machine hours were logged by the milling department, while 4150 were recorded by the cutting department within the same time frame. If $4 per machine hour is the overhead rate.
What among the following defines a company?As a result, a corporation can be defined as an incorporated association, which is a legal fiction with limited liability, perpetual succession, a common seal, and a separate legal existence. It also has perpetual succession and a common seal.
Which of the following qualifies as an attribute of an ideal form of organisation?The liability of some organisational arrangements, however, is unbounded. Beyond what they contributed to the business, the owners are also responsible. Consequently, their riches and personal property may be at risk. Not the best scenario, really.
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true/false. managers focus only on their own goals and the goals of the company and consider legal requirements as constants or barriers that are ignored when their corporate actions are implemented.
It is challenging to purchase stocks from foreign corporations because of the numerous legislative restrictions in place all around the world.
Firm is typically just defined as a legal entity unto itself, such as a corporation or a limited liability company (LLC). "The numerous legal obstacles that are present across the globe makes it difficult to purchase assets from abroad firms," the conclusion reads, is a factual assertion. Six organizational obstacles to setting goals There are six barriers to effective goal setting and plan formation in the organization, caused by both internal and external factors. Because they provide employees with a target to strive for and serve to motivate them to do so, goals are crucial to the effectiveness of an organization.
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One U.S. dollar trades for 110 yen. Which of the following correctly explains the effect on Japanese automobile prices for holders of U.S. dollars if the U.S. dollar appreciated relative to the yen?
A) Since one U.S. dollar is worth fewer yen, Japanese automobiles are relatively more expensive to holders of U.S. dollars.
B) Since one U.S. dollar is worth fewer yen, Japanese automobiles are relatively less expensive to holders of U.S. dollars.
C) Since one U.S. dollar is worth more yen, Japanese automobiles are relatively less expensive to holders of U.S. dollars.
D) Since one U.S. dollar is worth more yen, Japanese automobiles are relatively more expensive to holders of U.S. dollars.
The responsibilities that chefs and head cooks often perform include producing menu items.
Chefs are knowledgeable experts who have training in all areas of food preparation and specialise in a particular cuisine. The word "chef" comes from the term "chef de cuisine," which describes the supervisor or manager of a kitchen. Chefs have the choice of formal instruction from an institution or on-the-job training under a seasoned chef. There are many titles that cover specific facets of food preparation where the word "chef" appears. Examples include the sous-chef, who acts as second-in-command in a kitchen, and the chef de parties, who is in charge of a certain area of production. Creating menu items, setting menu prices, and overseeing the kitchen staff are all typical tasks performed by chefs and head cooks.
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Which of the following is NOT used in identifying who has a comparative advantage in a particular task when multiple people can perform that task and another one? (Note: The tasks are not necessarily listed in chronological order.) Identify how long it takes each person to perform each task. Identify who has the lowest opportunity cost in performing the task. For each person, calculate how much of the alternative task could have been done in the time it takes to perform the desired task. For each person, calculate the total time it takes to perform both tasks consecutively.
Identify who has the lowest opportunity cost in performing the task is NOT used in identifying who has a comparative advantage in a particular task when multiple people can perform that task and another one.
Which opportunity costs are large and low?
If the second-best alternative's payoff is comparatively high or low, the opportunity cost is said to be higher. Conversely, if the second-best alternative's payoff is relatively low, the opportunity cost is said to be lower.
Are low opportunity costs desirable?
A competitive advantage in production is produced by a decreased opportunity cost. If a good has a comparative advantage over another, that good must also have a comparative disadvantage.
A competitive disadvantage cannot exist across all products. Ability to generate more of every product is a definition of an absolute advantage.
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Any definition of family should be broad enough to encompass a range of family structures,dynamics,and: A) values. B) resources. C) functions. D) goals.
The correct option is (C), i.e., functions. Family dynamics refers to the patterns of relations among cousins, their places and connections, and the colorful factors that shape their relations.
Family Dynamics. A family relationship can be any combination of functions or marital connections that join two people directly or through a third party. Connubiality is defined in this tale as a de facto cohabitation, therefore independent of the situation as regards the legal connubial status.
Although there are numerous references in law and public policy to the family, there's no clear legal description of the term.
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Jim and Bob are licensees who have just acquired new clients on behalf of their sponsoring broker. Jim did so by verbally agreeing to represent Buyer Valerie while Bob signed a listing agreement with Seller Dara.Given these facts, which of the following is true?
Despite having signed specific agency agreements, Bob is better protected when determining the agency commission is true statment.
In a legal contract known as an agency agreement, the first party, known as the "principal," agrees that the activities of the second party, known as the "agent," bind the principle to later agreements made by the agent as if the principal had made them personally. In law, the ability of the agent to bind the principal is known as authority. A person may be compelled to pay for purchases made by a close relative using their credit card if they provide their credit card to them, which is an example of implied power generated by an agreement.
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Select five of the functional areas of business described below. For each of these five, give an example of: 1. A Key Performance Indicator 2. The data that would be needed to create the KPI 3. The business process for system/application) that would gather and provide this data. • Accounting - provides quantitative information about the finances of the business including recording, measuring, and describing financial information • Finance - deals with the strategic financial issues associated with increasing the value of the business, while observing applicable laws and social responsibilities • Human resources - includes the policies, plans, and procedures for the effective management of employees (human resources) • Sales/Customer service - the function of selling a good or service and focuses on increasing customer sales, which increases company revenues • Marketing - the process associated with promoting the sale of goods or services. The marketing department supports the sales department by creating promotions that help sell the company's products. • Operations Management (also called production management) - includes the methods tasks, and techniques organizations use to produce goods and services, Transportation (also called logistics) is part of operations Management • Purchasing - evaluates and selects vendors (suppliers), negotiates prices, researches alternate sources for raw materials, merchandise, services • Management information systems (MIS) - the function that plans for develops, implements, and maintains it hardware, software, and the portfolio of applications that people use to support the goals of an organization
Five functional lines of business: finance, human resources, sales and customer service, marketing, operations.
Finance - deals with strategic financial issues related to increasing the value of the company in compliance with applicable laws and social responsibility.Human resources - includes policies, plans and procedures for effective people management (HR)..Sales/Customer service - the function of selling a good or service and focuses on increasing customer sales, which increases company revenues. Marketing - Marketing: the process of promoting the sale of goods or services. The marketing department supports the sales department by creating promotions that help sell the company's products. Operations management (also called production management): Includes the methods and techniques used by organizations to produce goods and services. Transport (also called logistics) is part of the business.To know more about functional areas of business:
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Dannon Co. reported it’s expense of $35,200 on the cash basis. Corporate records revealed the following instructions:Beginning prepaid expense $1,300Beginning accrued expense $1,650Ending prepaid expense $1,800Ending accrued expense $1,200What amount of expense should the Dannon report on its books under the accrual basis?
Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses.
All of them are anticipated responses to the aforementioned question. Adjusting journal entries are made in a company's general ledger at the end of an accounting period to reflect any unrealized gains or losses. A transaction that started in one accounting period but ended in another requires an adjusting journal entry to be properly recorded. Financial reporting that corrects an inaccuracy from a prior accounting period is sometimes referred to as adjusting journal entries. The following statements about altering entries are accurate and true. Adjusting entries are used to record accrued expenses and income. Accrued expenditures and revenues contain assets and liabilities that have not yet been recognized. Prepaid expenses, depreciation, and other adjustments all require adjusting inputs.
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