on october 31, legacy rocks inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on november 19, it issued for cash 50,000 shares of preferred stock, $75 par at $80. a. journalize the entries for october 31 and november 19. b. what is the total amount invested (total paid-in capital) by all stockholders as of november 19?
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As of the reporting period, the company's overall equity, or equity primarily attributable to stockholders, is reported in the stockholder's equity section of the balance sheet.
This includes the company's par-valued stocks, retained earnings, and other comprehensive income, as well as any stocks issued above par.
November 19 Cash (50,000 * 80) 4,000,000 Preferred stock (50,000 * 75) 3,750,000 Paid in capital in excess of par - preferred stock 250,000 Cash (400,000 * 18) 7,200,000
Common stock (400,000 * 10) 4,000,000 Paid in capital in excess of par - common stock 3,200,000.
Preferred stock: $3,750,000 Common stock: $4,000,000 Paid in capital above par: preferred stock: $250,000. Paid in capital above par: common stock: $3,200,000.
Capital expenditures total $11,200,000.
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Related Questions
research found that employees could overcome fatigue and improve time management if they were motivated by money and job satisfaction. t or f
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True: Research found that employees could overcome fatigue and improve time management if they were motivated by money and job satisfaction.
The following are some benefits of motivating employees this way using money: increased feeling of employee empowerment. improved sales for the company, which results in higher wages for workers. increased productivity. In my experience, the terms "motivation" and "work satisfaction" are now frequently employed in the same sentence. There is a distinction. Job satisfaction is a person's emotional reaction to their current employment situation, whereas motivation is the need to pursue and meet one's needs. On the other hand, major extrinsic motivating variables that support job satisfaction include pay, feedback, and rewards.
In reality, research indicates that the only motivation powerful enough to alter behavior is the hope of receiving money soon. However, once an employee has money, the ability to inspire them to work harder.
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An Agency Relationship Can Arise By Ratification, Which Involves A Determination Of Intent Expressed By Words Or Conduct. - True - False
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True, An Agency Relationship Can Arise By Ratification, Which Involves A Determination Of Intent Expressed By Words Or Conduct
An agency relationship is created when one person (the principal) gives another (the agent) the authority to act on his behalf while the agent is under the principal's supervision and the agent agrees to do so. When the principal authorizes an act that can be carried out on his behalf by an agent who in actuality lacked the necessary authorization, the act can only be carried out by adhering to the ratification process. Ratification only creates an agency relationship between the principal and the agent. A person who ratifies an act performed by another person must have existed at the time the act was performed and at the moment of ratification. They must also be legally capable of performing the act themselves.
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to improve your success in step 6 of the sales process, addressing concerns, what techniques are valuable? select all that apply.
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The exchange between a salesman and a potential customer constitutes the selling process. In the sales process redressal of grievances along with addressing related concerns plays a vital role in the market success.
The following techniques can be valuable-
Listen to your customers.Make a concrete suggestion.Be careful not to contest customer complaints.Provide a sincere apology and thank you.Be Respectful When You Reply.Utilize the Proper Tools for Complaint Management.Inform the team about actionable feedback.Advantages of the sales process-
You can streamline the organizational structure of your sales force to help the sales cycle and identify the main roadblocks.New salespeople will be easier to incorporate.It helps you decide your immediate and long-term goals as well as how each phase of the sales process supports the one that comes after.To know more about the sales process click here,
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a purchaser bought a property for $257,000, put 20% down and borrowed the rest at 6.15% interest for 30 years. the lender charged 1.5 points at the closing. how much was paid for the points?
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The purchaser paid 3,084.00 for the points for the property he bought at $257,000.
Purchasing and selling of the property is known as Residential Sales.
An economic indicator that tracks the sales of recently constructed residences is called "new home sales," sometimes known as "new residential sales."
Although new home sales are seen of as a lagging signal of demand, investors continue to closely monitor them for signs of broader economic changes.
Data on new residential sales is based on a sample of homes that is indicative of all home sales and is affected by things like household income, unemployment, and interest rates.
For readers who follow market news, financial journals frequently offer interpretations of the statistics on New Home Sales in their reports. For instance, the Wall Street Journal reported in July 2019 that single-family house purchases had increased by 7% from the month before, which was encouraging news after two months of dropping sales.
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How does rapid growth of population responsible for poverty?
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They were unable to find jobs in the industry. The urban poor are either seasonal workers or those who work intermittently. They lack job security or have limited skills.
This is how the growing population without access to adequate education and employment security has led to an increase in poverty. First, rapid population the growth is likely to reduce growth skills in per capita income and well-being, which in turn tends to increase poverty. Second, in densely populated poor countries, where land is under pressure, rapid population growth industry increases landlessness and thus the poverty rate. Rapid population growth leads to the underemployment.
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True or False?
1. In comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders.
2. Bonds that require payment of the full principal at a single maturity date are known as term bonds.
3. Most bonds require payment of the full principal at a single maturity date.
4. The rate of interest specified in a bond contract as the interest rate to be paid by the company to investors in the bond is known as the market rate.
5. The amortization schedule for a bond issued at a discount has a carrying value that increases over time.
6. The carrying value of bonds issued at a discount or at a premium will be different from their face amount at maturity.
7. When interest rates go down, bond prices go up.
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The statement , In comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders is False .
Bonds with a term require payment in full on the bond's maturity date. The vast majority of bonds require full payment at one maturity date. Bonds are sold by both governments and businesses to raise money. By purchasing a bond, you are lending money to the issuer, who agrees to repay the bond's face value at a specific time and to continue paying the user continuing interest payments that are frequently made twice a year.
There are five different types of bonds: agency, commercial, municipal, cash reserves, and Treasury. There are different buyers, sellers, and risk levels for every bond. If you want to completely benefit from securities, you can also buy securities based on bonds, such as bond mutual funds.
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The correct question is :
True or False?
In comparing bonds with notes, bonds are typically issued to a single lender while notes are issued to many lenders.
stellar inc had a deferred tax asset the deferred tax asset is the corporation's current tax expense is what amount should stellar report as total income tax expense
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Stellar report as total income tax expense.Given the tax expense and the deferred taxes, the total income tax expense for 2020 is $73,000.A corporation would be required to pay the estimated annual current tax expense.
However, a deferred tax expenditure could need to be settled since tax authorities and the corporation use different depreciation techniques. In light of this, the total amount of income tax is as follows: = Current tax expense + Deferred tax expense = 52 000 + ((17 000 -10 000) + (26 000 -12 000)) = 73 000 .Hence, the taxable income.
The current year is $12,000,000. => The annual tax rate is 25%. $17,500,000 is the deferred tax asset. => The expected costs for the short-term discrepancy are $70,000,000. => "The temporary difference at the end of the current year is $45,000,000." So let's go right to the solution; step one is to compute or ascertain the tax expense. .
Complete question:
Stellar inc. reported deferred tax assets and deferred tax liabilities at the end of 20x4 and at the end of 20x5. according to fasb 109, for the year ended 20x5, nala should report deferred income tax expense or benefit equal to the sum of the net changes in deferred tax assets and deferred tax liabilities. decrease in the deferred tax assets. increase in the deferred tax liabilities. amount of income tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
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All of the following are components of stockholders' equity, except ____________.
a) notes payable
b) paid-in-capital
c) retained earnings
d) treasury stock
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All of the following are components of stockholders' equity, except notes payable.
The amount that a business could give its shareholders if all of its assets were converted to cash and all of its obligations were settled is known as shareholders' equity. The calculation of shareholders' equity takes into account four factors: outstanding shares, additional paid-in capital, retained earnings, and treasury stock.
A firm has sufficient assets to cover its liabilities if shareholders' equity is positive; otherwise, it has more liabilities than assets. A financial indicator called shareholders' equity aids investors in determining a company's value and long-term viability.
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Which of these is a common difficulty that traders face when exporting goods or services to other countries?
a) Most firms do not receive any significant assistance from the governments.
b) Firms often face aggressive competition from smaller firms.
c) Many customers require face-to-face negotiations on their home turf.
d) Most global markets are saturated and present limited growth opportunities
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Many customers require face-to-face negotiations on their home turf is a common difficulty that traders face when exporting goods or services to other countries.
What presents the biggest exporting challenge?An embargo, which is a political agreement or blockade that restricts a foreign country's capacity to import or export, is the most obvious obstacle to trade. Embargoes are still in use, but they are uncommon outside of times of war and difficult to implement. A tariff, sometimes known as an import tax, is the most prevalent trade barrier.
When exporting somewhere, one of the biggest challenges you might anticipate is the financial aspect of the process. The most obvious factor is the disparity in tax systems between nations, which has a significant impact on the overall cost of exporting commodities like electrical equipment.
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Profits are important so businesses can retain employees, attract investors, and contribute to the __________. Enter the answer.
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Businesses need to make money in order to keep its workers, draw in investors, and support their stability and expansion.
Why is a company's bottom line important?Any business or commercial entity's main objective is to make money. The quantity of revenue that a corporation earns determines its stability. Future growth, reputation, shareholder value, and market value of a corporation are all determined by its earnings.
When profits are good, the business solely increases wages for its staff and dividend payments to shareholders. Additionally to providing financial compensation, higher earnings motivate staff to remain with the same business.
Why are revenues essential to expansion?Making a profit is essential to a company's success since it influences a company's ability to acquire bank funding, attract investors to fund its operations, and expand its firm. Businesses cannot stay in business if they are not profitable.
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Business lab!! need help
A market overview, including a summary of challenges and opportunities
Top three sectors for export, with detail of major items or sub-sectors to consider. (Since this is an imaginary assignment, rather than coming to this research with your product already in mind and ready to export, you will research what product would be best to export to your country of choice. An easier task!)
How to sell US products in this market
A recommendation on whether it is a good time (politically, and economically) to export to this country
France:
China:
Japan:
Answers
Top three sectors for export, with detail of major items are
Global Oil & Gas Exploration & Production. Global Pharmaceuticals & Medicine Manufacturing. Global Car & Automobile Manufacturing. .The products are:
Refined PetroleumCrude PetroleumCarsHow to sell us products in the international market?International markets or your own website are your two choices. Alibaba, Etsy, and eBay are examples of international marketplaces where users anticipate purchasing from vendors located in distant nations.
The direct sale of goods and/or services to another nation is known as exporting. It is possibly the least risky and most well-known way to join a foreign market.
Therefore, some global market entry strategies for any kind of product are:
Structured exporting.Licensing and franchising.Direct investment. Buying a business.Learn more about export from
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the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs. group of answer choices true false
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The question states whether the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs.
This statement is false as the linear programming approach to media selection problems is typically to either maximize the number of ads placed per week or to minimize advertising costs.
Instead of having an objective of maximizing profit or minimizing expense in a media selection challenge, the goal is typically to maximize audience awareness.
A wide range of issues in the fields of business and economics can be resolved using linear programming (LP). Finding the most profitable combination of three goods a firm can produce given various cost and profit levels is an illustration of how LP is used.
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a company has days' sales in accounts receivable of 25 days; days' sales in inventory of 45 days, and days' payable outstanding of 50 days. the cash conversion cycle is
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Answer: 20
Explanation:
The answer would be 20 :)
A corporation must properly monitor and manage its cash conversion cycle since a shorter cycle often denotes better cash flow management and more effective use of resources. The business needs 20 days to turn its inventory and accounts receivable investments into cash.
The days payable outstanding (DPO) must be subtracted from the total of the days' sales in inventory (DSI) and accounts receivable (DSO) in order to determine the cash conversion cycle.
Given the information below:
Days Sales Outstanding (DSO) equals 25 days.Days Sales in Inventory (DSI) equals 45 days.Days Payable Outstanding (DPO) = 50The following formula can be used to determine the cash conversion cycle:
The cycle of Cash Conversion = DSI + DSO - DPOreplacing the specified values:
Cash Conversion Cycle is equal to 45 + 25 - 50 days.To make the calculation easier:
The Cash Conversion Cycle is equal to 70 minus 50 days.As a result, the cycle of cash conversion is 20 days.
Therefore, The business needs 20 days to turn its inventory and accounts receivable investments into cash.
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if a project's net present value (npv) is positive,: group of answer choices its internal rate of return (irr) is equal to the firm's required rate of return. it is not an acceptable project. it is an acceptable investment. the firm's required rate of return is not attainable.
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A project or investment has a positive net present value (NPV) if the estimated earnings are greater than the projected costs, which are also expressed in current dollars. An investment with a positive NPV is presumed to be successful.
If the NPV is positive, the investment should raise the company's value and maximize shareholder wealth. A project with a positive net present value offers a return that more than covers the necessary return on investment.
The net present value (NPV) rule has an alternative known as the profitability index rule. In general, a profitability index higher than one will be associated with a positive NPV. A profitability index below one will be associated with a negative NPV.
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Which of these is the process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements?a) Pro forma analysis b) Substitutionary analysis c) Incremental cash flows d) Cash flow analysis
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Pro forma Analysis is the process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements.
An analytical prediction of a company's projected financial condition using operating measures, historical data, and potential cost savings from planned improvements is known as a pro forma study. Financial reviews are frequently conducted in tandem with pro forma analyses. It is used when delivering financial forecasts in a standardized style for a given time frame. Pro forma statements are used by businesses to make decisions on planning and control, as well as for external reporting to owners, investors, and creditors. Pro forma statements provide information that firms can use to plan and forecast future economic changes, analyze risks, obtain capital, and make choices about mergers and sales.
Displaying the organization's prospective earnings to creditors and possible investors. assisting management with its financial evaluation.
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under the equal pay act, an employer can legitimately pay different wages to male and female employees on the basis of
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Under the Equal Pay Act, employers can legally pay different wages to male and female workers based on: primary job responsibilities, seniority or salary system, factors other than gender.
What is equal pay?
As set out in the Equality Act 2010, men and women in the same employment performing equal work must receive equal pay, unless any difference in pay can be justified.
It is the law and employers must follow it. You are at risk of an expensive employment tribunal case and reputational damage if you do not provide equal pay.
Equal pay applies to all contractual terms, not just pay.
What is the purpose of the Equal Pay Act 1963?
Equal pay legislation prohibits sex-based wage differences between men and women who perform work requiring substantially the same skill, training, effort and responsibility in the same workplace and under similar working conditions. All forms of remuneration are covered, including salaries, overtime, bonuses, life insurance, holiday and vacation benefits, cleaning or gas benefits, hotel accommodation, travel and benefits reimbursements.
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t/f We can calculate the issue price of a bond as the face amount plus the total periodic interest payments.
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We can calculate the issue price of a bond as the face amount plus the total periodic interest payments. TRUE .
Hobby is the rate you pay to borrow cash or the fee you price to lend money. hobby is most often reflected as an annual percent of the amount of a loan. This percentage is called the hobby charge at the loan.
Interest can be earned by creditors for the usage of their price range or paid with the aid of borrowers for using those budget. hobby is frequently considered simple interest (based on the major quantity) or compound interest (based totally on most important and previously-earned hobby).
Interest serves several crucial functions in a marketplace financial system. The maximum apparent is the coordination among savers and debtors; savers are paid interest for putting off their consumption till a future date, whilst debtors must pay hobby to consume extra inside the gift.
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you suggest businesssense to april. she asks you to explain the largest benefit of outsourcing to this company.
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The largest benefit of outsourcing to business sense is gaining economies of scale.
What is outsourcing?The process of recruiting a third party from outside a corporation to accomplish tasks or produce items that were previously done internally by workers is called outsourcing.
Users may utilize the company's whole supply chain through outsourcing, as well as expertise and talents. U.S. businesses can achieve economies of scale and increase their competitiveness via outsourcing.
People from another nation who are employed through an outsourcing contract necessarily have more money available to spend. Additionally, outsourcing can support the flexibility and adaptability of your company.
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Do I need a sales tax exemption certificate in Texas?
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Yes, an individual needs a sales tax permit to sell crafts Texas.
In the event that you sell available things at a fair, celebration, antique market, career expo, expressions and specialties show, firearm show or other kind of market or show, you might be responsible for collecting and remitting Texas sales and use tax. Contingent upon your business structure, you may likewise be answerable for covering franchise tax.
You should get a Texas sales and use tax permit in the event that you are an individual, organization, company or other lawful substance took part in business in Texas and you:
Sell tangible personal property in Texas;Rent or lease substantial individual property in Texas;Sell taxable services in TexasTexas forces a 6.25 percent state sales and use tax on all retail deals, leases and rentals of most products, as well as available administrations. Local taxing jurisdictions (urban communities, provinces, particular reason regions and travel specialists) can likewise force up to 2 percent sales and use tax for a most extreme joined pace of 8.25 percent.
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The amortization schedule for a bond issued at a discount has a carrying value that increases over time.a. Trueb. False
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Option a. True is the correct answer. The amortization schedule of a bond issued at a discount has a carrying value that increases over time.
Non-current liabilities are also known as long-term debts, which appear in the organization's balance sheet or statement of financial position. Examples are the bonds payable, notes payable, and loans payable.
Discount on bonds is the amount deducted from the face value of the bond to calculate for carrying value. The amortization would decrease the bond discount until it becomes zero at the end of maturity. A decreasing bond discount balance will increase the carrying value of the bonds.
Premium on bonds is the amount that is added to the face value of the bond to calculate for carrying value. Amortization will decrease this amount and decrease the carrying value as well.
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if the marginal propensity to consume is 4/5, then a decrease in government spending of $1 billion decreases the demand for goods and services by $5 billion. a. true b. false
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If the marginal propensity to devour is 4/five, then a lower in authorities spending of $1 billion decreases the call for for items and offerings by $five billion.true.
The required details about marginal propensity is mentioned in below paragraph.
In economics, the marginal propensity to devour (MPC) is described as the percentage of an mixture boost in pay that a customer spends at the intake of products and offerings, in place of saving it. the marginal propensity to devour is a metric that quantifies brought on intake, the idea that the boom in non-public customer spending takes place with an boom in disposable profits. The percentage of disposable profits which people spend on intake is referred to as propensity to devour.
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How many mission areas and core capabilities are included in the NPG?
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Each of the five mission areas—Prevention, Protection, Mitigation, Response, and Recovery—must be carried out in order to be successful.
Numerous national preparedness initiatives, including the National Planning Frameworks, make reference to the fundamental capabilities identified in the National Preparedness Goal. The five pertinent mission areas' capabilities are grouped under the Goal. Some basic competencies are applicable to only one mission area, while others are applicable to several or all mission areas. Engage the entire community in a systematic process to develop workable strategic, operational, and/or tactical-level approaches to achieve set goals. The community as a whole must work together to develop the basic competencies because they are not the sole property of any one government or entity.
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the primary goal for the blue ginger multi-grain blue rice chips campaign should be
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The primary goal of the campaign for blue guava inter blue rice chips should be to educate.
What exactly is the goal?
A goal is an aim or aim that someone is attempting to reach. A goal can also be the finish line of a racial group or some such into which a player attempts to place an object as part of the game. Goal can also be used as a noun in other contexts. A goal is an objective or objective toward which you work hard and persistently.
Why are goals important?
Setting objectives can assist us progress in life. Goals provide us with a road map to follow. Even if we fail, goals are a wonderful method of holding ourselves accountable. Setting objectives and working toward them assists us in defining.
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a large, expensive capital product, such as the corvette manufacturing plant in kentucky and cumberland mall, is called a(n):
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A large, expensive capital product or good, such as the corvette manufacturing plant in Kentucky and Cumberland mall, is called an installation. Thus, the correct answer is installation.
What is a capital product?Capital goods or capital products are physical assets that a company uses in the manufacturing process to create products and services that consumers will use later. Buildings, machinery, and equipment, are examples of capital goods. Capital goods are not finished goods; rather, they are used in the production of finished goods.
Installation is a large piece of equipment installed for use. The large and expensive capital product such as the corvette manufacturing plant will be called an installation.
Therefore, the capital product corvette manufacturing plant in Kentucky and Cumberland mall is called an installation.
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What is the purpose of elicitation?
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Given that the terms "requirements collection" and "requirements elicitation" are frequently used interchangeably, you might be wondering how the two processes vary.
It is a valid query, and you are free to casually switch them. When addressing the mechanics of the requirements elicitation procedure, it is important to note that there is a small distinction between gathering requirements and requirements elicitation. The act of "eliciting" information from a source is known as "b," whereas the act of "gathering" is known as the act of gathering from dispersed sources. Both actions demand knowledge to carry out correctly and are crucial to the whole requirements elicitation process.
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in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
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The managers need to look at each segment of the markets that they serve in order to assess the performance of their firms and their supply chains. Therefore, the option A holds true.
A manager can be referred to or considered as a personnel who are responsible for fulfilling and performing the managerial functions of an organization. Additionally, a manager acts as a bridge between the top level management and the lower level management. In producing firms, it is important for the managers to check the performances of its supply chains by looking at the market segments served by the firm.
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Complete question
In order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
Group of answer choices
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
simulation: a. is a passive method of training that gives trainees an opportunity to experience some aspects of a job b. involves the trainer explaining key learning points and then performing a task while the trainee observes c. is an active method of training that gives trainees an opportunity to experience some aspects of a job d. involves development, enactment and debriefing
Answers
As they work at their jobs or on-site, employees can learn new skills and acquire experience through on-the-job training The correct option is C. an active method of training that gives trainees an opportunity to experience some aspects of a job.
On-the-job training (0JT) is a realistic method for acquiring new skills and competences necessary for a job in a real or nearly actual working environment.Learning how to utilise specific tools or equipment is frequently done in a real-world, simulation, or training environment. Workers learn by doing rather than being given papers to read or being shown presentations.
This training is provided while being worked on by a manager, supervisor, or other skilled employee. The on-the-job training of new employees involves them seeing all working procedures they might encounter. They gain knowledge of the workplace norms, how to use the tools, and any other information required skills.
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jacob is updating his estate planning and wants to draft a legal document that leaves everything to his spouse. he is writing a(n):
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Jacob wants to create a legal agreement that leaves everything to his spouse as part of his estate planning update. He is drafting a straightforward will.
A legal agreement is specifically a written instrument that spells out the roles and obligations of the parties to the agreement. The written document becomes enforceable once it has been manually, digitally, or electronically signed. Agreement or conformity are the meanings of the term accord. It frequently appears in legal, commercial, or political contexts where it is interchangeable with treaty and other phrases denoting formal agreements of a similar nature. Different Agreements, Grant. Cooperative Agreement, Contract, Memorandum of Understanding, Non-Disclosure Agreement, Teaming Agreement, Material Transfer Agreement, IDIQ/Master Agreement, Financial Assistance for a Specific Purpose or Specific Project without Expectation of Any Tangible Deliverables Other Than a Final Report.
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amber feels that there is no substitute for the true secular brand jeans she is about to buy. what level of price sensitivity might amber be expected to have in this moment?
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Amber to have low price sensitivity would possibly amber be anticipated to have on this moment.
The required details about price sensitivity is mentioned in below paragraph.
Low price sensitivity suggests that customers are inclined to pay the stated fee and may even pay greater for it. The degree facilitates derive the fee of services and products and recognize patron behavior. It empowers your organisation to evaluate how fluctuations in costs have an effect on the call for in your products Price sensitivity is the diploma to which the fee of a product influences customers' shopping behaviors. Generally speaking, it is howcall formodifications with the extrade withinside the value of products.
In economics, price sensitivity is normally measured the usage of the fee elasticity of call for, or the degree of the extrade in call for primarily based totally on its fee extrade. For example, a few customers aren't inclined to pay some greater cents in keeping with gallon for gasoline, in particular if a lower-priced station is nearby.
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1- what is your process for deciding which team members fall into which category (20/70/10). think logically - how do businesses define success and failures? think in terms of the winner top/20% vs. a middle worker vs. a low producer worker? list a minimum of 2 things for each category (20/70/10).
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Promotion or Career advancement is a process through which an employee of a company is given a higher share of duties, a higher pay scale, or both. Promotion is not just beneficial for employees but is also highly crucial for employers or business owners. It boosts the morale of promoted employees, increases their productivity, and hence improves upon the overall profits earned by the organization.
Employment is dating among two parties regulating the provision of paid labor services. usually primarily based on a contract, one party, the organization, which might be a business enterprise, a not-for-income corporation, a co-operative, or some other entity, will pay the other, the employee, in return for carrying out assigned work. personnel paintings in return for wages, which may be paid on the premise of an hourly fee,
By means of piecework or an annual salary, relying on the sort of work an employee does, the winning conditions of the world, and the bargaining power among the parties. personnel in a few sectors may additionally get hold of gratuities, bonus bills, or inventory alternatives. In a few sorts of employment, personnel may receive blessings similarly to price. benefits may additionally encompass medical insurance, housing, and disability insurance. Employment is commonly ruled with the aid of employment legal guidelines, organization, or felony contracts.
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