If station 2 is their most error-prone operation, then the information turnaround time for a fault created there would be cycle time of full line = 2 minutes/unit.
This means that one unit is made in 2 minutes. In the line of 10 stations the 2nd step is the most error prone.
Error made at step 2 means that unit must be processed by 8 other error-prone stations in order to be made and inspected at 10th station.
Thus, Information turnaround time = cycle time x number of stations after cycle time error is made
= 2 x 8 = 16 minutes
The authors quantify coupling and strength ratios in software systems and utilize the ratios to pinpoint error-prone system structures using error-prone data bindings, which are metrics of data interaction. For the empirical analysis, a 148000 source line system from a prediction environment was chosen. Data on software errors were gathered from error-prone the high-level system design, system testing, and system field operation.
In order to determine a hierarchical description of each of the 77 subsystems of the system, the authors employ a clustering technique cycle time along with a set of five tools to calculate the data bindings automatically. A nonparametric analysis of variance model is used to categorize subsystems and individual routines that have either a lot of errors or not many errors, or a lot of or not much work put into error correction.
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several years ago, bill smith borrowed $125,000 to buy his house. he has a 15 year, monthly payment mortgage with an interest rate of 8.75 percent per annum. bill is thinking about refinancing his house so he would like to know the payoff on his current loan. assuming that he just made payment number 120, compute the payoff on bill's loan.
Bill pays off his debt for 69046.79. Bill Smith acquired his home with a $125,000 loan several years ago. He has a monthly mortgage payment for 15 years with an interest rate of 8.75 percent.
Loan Amount (PV) = $125,000
Period (NPER) = 15 years, per month = 15 * 12 = 18
interest rate = 8.75%, monthly = 8.75 / 12 = 0.7292%
Total payment = 109
To determine Bill's loan payment, we must first find the monthly mortgage payment for the loan using the PMT function in Excel, then use the PV function to determine the payment.
PV -125,000
NPER 180
Interest rate 0.7292%
Monthly payment 1,249.31
Remaining NPER 71
Current value 69046.79
Bill's loan payment will therefore be 69046.79
A percentage of the principal or amount borrowed is what the lender charges the borrower as interest. The annual percentage rate, or APR, is an interest rate, the usual unit used to express the interest rate on a loan (APR).
The amount earned in a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates (CDs). Interest on these bank accounts is calculated as an annual percentage rate (APY).
The borrower is essentially charged interest for the use of the asset. Cash, consumer goods, vehicles, and real estate are examples of loaned mortgage payment assets. As a result, the interest rate can be seen as the "cost of money" because it increases the cost of borrowing the same amount of money.
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timothy owns 540 shares of countess corporation, which is priced at $13.53 per share. the company plans a 1-for-4 reverse stock split. how many shares will timothy own and what will the share price be after the reverse stock split?
The share price after the reverse stock split will be $1826.55.
What is the share price?
The cost of one share of a company is known as share price.
What is the reverse stock split?
Companies can lower the number of outstanding shares in the market by implementing a reverse stock split.
Given that the number of shares of Timothy is 540.
Now Company plans a 1 for 4 reverse stock split.
It means if he sell 4 shares then he will get price of one share.
The number of shares of Timothy is one fourth of his total number of shares.
The number of shares is (540/4) = 135
The priced of one share is $13.53.
The cost of 135 shares is $(135 × 13.53) = $1826.55
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the cowboy shop has current liabilities of $151,200; cash in the amount $13,900; securities valued at $95,250; and accounts receivable of $157,300. calculate the acid test ratio.
(cash + security valued + account receivable) / current liabilities
= (13900 + 95250 + 157300) / 151200
= 1.76 : 1
The acid-test ratio is a form of liquidity ratio that gauges a company's capacity to use its available cash or quick assets to rapidly pay off or retire its current liabilities.
A company with a high or rising acid test ratio will have quicker inventory turnover and cash conversion cycles. This ratio appears when a company's top line is expanding, receivables are converted into cash fast, and obligations are readily met.
The stronger the ratio, the more liquid the company is and the healthier its overall finances are. If the ratio is 2, it means that the company's liquid assets are $2 more than its current liabilities, or $1.
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when industry leaders have chosen not to compete in a certain niche, a focused strategy allows small producers to multiple choice question. churn out a very large number of products at once. leave a market without being noticed. focus on competing with the largest competitors. avoid competition with the strongest competitors.
There are three fundamental strategy options open to firms for attaining a competitive edge, according Porter's Generic Strategies model. Cost leadership, differentiation, and focus are these.
Which choice for a competitive strategy focuses on a particular market niche?
a targeted differentiation strategy that focuses on a small group of potential customers (or market niche) and outperforms competitors by giving niche members tailored qualities that better suit their preferences and needs than those of competitors' products.
Which tactic enables a business to keep its lead over rivals by charging less?
Cost leadership strategy: The ability of a company to produce goods or services at a lower cost than its rivals is known as cost leadership. The company has a competitive edge over rival companies if it can create a product of the same quality but sell it for less.
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david is paid on a graduated commission scale at nooter company. he receives 2% commission on the first $20,000, 6% on sales over $20,000 to $70,000, 8.5% commission on sales over $70,000 to $100,000, and 10% commission on sales over $100,000. david had sales of $82,000. his commission is:
The total commission earned by David is equal to $4420.
Commission may be defined as the amount which is received by an individual as the reward of him selling a particular product. It is received in addition to the fixed salary or amount he will be receiving by the company. According to question the commissions earned by David is equal to 2%, 6%, 8.5% and 10% on $20000, $70000 and $100000 and more respectively. Commission is calculated by multiplying the percent with the base amount. Since, his total sales is of $82000. So, he will receive commissions of 2%, 6% and 8.5%. Now, the net amounts are given as 2% of $20000, 6% of $50000 and 8.5% of $12000.
Net amount = $400 + $3000 + $1020
Net amount = $4420 which is the total commission.
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In the ________ activity of scm, supply chain managers develop processes for managing their goods and services inventory, including receiving and verifying shipments, transferring the shipped materials to manufacturing facilities, and authorizing supplier payments.
Supply chain managers develop processes for managing their goods and services inventory in the source activity of SCM, which includes receiving and verifying shipments, transferring shipped materials to manufacturing facilities, and authorizing supplier payments.
What is supply chain?A supply chain is a network of facilities that acquire raw materials, process them into intermediate goods, and then deliver finished goods to customers via a distribution system. A supply chain is a networked system of organizations, activities, information, and resources that source, produce, and transport goods from their point of origin to their final destination typically from a supplier to an end customer. Modern supply chains are frequently extremely complicated, spanning multiple countries and involving numerous steps. The practice of coordinating the various activities required to produce and deliver goods and services to a company's customers is known as supply chain management. Designing, farming, manufacturing, packaging, and transportation are all examples of supply chain activities.To learn more about supply chain, refer to:
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variable costs as a percentage of sales for lemon inc. are 78%, current sales are $585,000, and fixed costs are $176,000. how much will operating income change if sales increase by $40,300?
If sales increase by $40,300 the firms loss decreases from -($47,300) to -($38,424).
Variable costs 78% of sales = 0.78 x 585,000 =$456,300
Sales = $585,000
Fixed costs =$176,000
Operating Profit = Sales- variable cost -Fixed cost
=$585,000- $456,300- $176,000
= -($47300)
If sales increase by $40,300 = $585,000+ $40,300
= $625,300.
Variable cost = 78% of $625,300 = $487,734
The new operating income will be:
Operating Profit = Sales- variable cost -Fixed cost
=$625,300- $487,734- $176,000
= -($38,434)
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in 2010, delta products reported sales revenue of $1,000,000, cost of goods sold of $600,000, salaries expense of $80,000, total assets of $1,400,000. what was the gross profit margin for the year 2010?
In 2010 , delta products reported sales revenue , the Gross profit margin for the year 2010 is 40%.
Gross Profit margin :Gross margin is the difference between profit and cost of goods vended, divided by profit. Gross margin is expressed as a chance. The gross profit margin is calculated by abating direct charges or cost of goods vended( COGS) from net deals( gross revenues minus returns, allowances and abatements). That number is divided by net revenues, also multiplied by 100 to calculate the gross profit margin rate.
Evaluating Gross margin :Gross Profit means the amount of revenue less Cost of goods sold.
Where, Revenue = $ 1,000,000
Cost of Goods sold = $ 600,000
Gross Profit Margin = Net Revenue - Cost of goods Sold / Net Revenue
= $ (1,000,000 - 600,000) / 1,000,000
= $ 400,000 / 1,000,000
= 0.4
Gross profit margin = 0.4 × 100
= 40%
So, the gross profit margin is 40%.
Why gross margin is significant?
Gross margin is significant because it shows whether your deals are sufficient to cover your costs. The figures itself is veritably simple. It doesn't involve each over head still. The net profit is the concluding number after you regard for fresh costs.
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j.z. (single taxpayer) is retired and received $10,000 of social security benefits this year. how much of the $10,000 social security benefits is taxable if his only other income was $28,000 of pension income and $2,000 of interest income?
His taxable security benefits will therefore stand at $4000.
Benefits from Social Security offer qualified retired adults and those with disabilities, as well as their spouses, children, and survivors, a portion of a replacement income. To be eligible for benefits, a person must contribute to the Social Security system during their working years and accumulate 40 credits.
Any gross income that is used to determine how much tax you owe is referred to as taxable income. It is simply your adjusted gross income less any deductions, to put it simply. Included in this are any pay, tips, salaries, and bonuses received from employers. Additionally included are investments and unearned income.
The updated AGI for J.Z. plus half of his social security benefits come to = $28,000 + $5,000 = $33,000
His taxable Social Security benefits, therefore, equal the smaller of
(1) $5,000 (50% of his social security benefits) or
(2) $4,000 (being 50% of ($28,000 modified AGI + $5,000 (50% social security benefits) - $25,000).
Therefore, his taxable security benefits will be $4000.
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one of the major reasons to establish zoning ordinances is to: select one: a. restrict business b. effectively plan an area c. lower property values d. raise taxes
One of the major reasons to establish zoning ordinance is to effectively plan an area
What is Zoning Ordinance?Zoning ordinance is defined as formal categorization of various land -use policies which are applicable to land, which is located within the municipality, Zoning ordinance gives details whether a particular specific geographical zone can be acceptable for residential or commercial purposes. Zoning ordinance also helps to handle any zoning rule infractions.
Types of Zoning Ordinance
The various types of zoning are
Industrial CommercialResidentialAgriculturalOther types of zoning used in municipalities are, schools. hospital and airport zoning. Zoning allows the cities to grow sustainably for generations. The process of zoning includes dividing the land into various districts or zones, this function is generally performed by the municipal cooperation of a country.
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if aggregate output is greater than potential output, then there is a(n) gap. please choose the correct answer from the following choices, and then select the submit answer button. answer choices inflationary long-run macroeconomic equilibrium negative output recessionary
A positive output gap exists when the total output exceeds the potential output.
When actual output exceeds output at full capacity, there is a positive output gap. This occurs when demand is extremely strong and factories and employees are working much harder than they should be to meet the demand.
Whether it is positive or negative, an output gap is a poor predictor of an economy's effectiveness. A high demand for goods and services in an economy is indicated by a positive output gap, which may be advantageous for the economy.
A negative production gap reveals economic slack because resources are not being fully used. The economy is not operating at its full capacity. A positive output gap indicates that all spare capacity has been used up, possibly even to the point of overcapacity.
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the nature of the tax system means that there is usually a trade-off between and the principle pushes governments towards a tax system but considerations push them in the other direction. a(n) tax promotes economic efficency as it does not
The nature of the tax system means that there is usually a trade-off between Equity and Efficiency.
This principle pushes governments towards a progressive tax system but equity considerations push them in the other direction. a(n) ability to pay tax promotes economic efficiency as it does not distort ability-to-pay lump-sum benefits.
Tax efficiency is the payment of fair taxes, while tax equity is the tax laws. In a progressive tax system, those with higher incomes pay more in taxes. This approach can help to lessen societal inequality. As a result, the economy grows, unemployment declines, and the purchasing power of the poor is increased.
The government has a progressive tax system, but tax equity allows people to avoid paying some taxes by using tax codes. It is pushed against the other wall by this tax equality.
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which technology began as an informal communication channel but has since evolved into a primary and formal means of business correspondence for many organizations?
The technology that started out as an informal communication channel but has grown to become the primary and formal means of business correspondence for many organizations is email.
Communication is the process of conveying meaning from one entity or group to another through the use of signs, symbols, and semiotic rules that are understood together. From this explanation, it can be understood that the notion of communication is an activity of delivering information, be it messages, ideas, and ideas, from one party to another which is carried out directly or indirectly.
This communication activity can be done in two ways, namely:
Directly, namely verbally / verbally, making it easier for both parties to understand each other.Indirectly, namely through certain media, such as body language, writing, telephone, radio, and so on.Learn more about Communication here brainly.com/question/22558440
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when a sales department uses a strategy of involving several people from the organization, each applying his/her own expertise, in a selling effort, it is using the strategy known as
In general, your go-to-market positioning, sales actions, methodology, and channels should all be in line with your target market, ideal customer profile, and buyer personas.It should pinpoint customers' problems and show how the product or service will address them.
Why is a sales strategy important?Script-based selling, needs-satisfaction selling, consultative selling, and strategic partner selling are the four fundamental sales tactics that salespeople employ.Different approaches can be employed in various kinds of interactions. A sales strategy is a written plan for positioning and marketing your product or service to potential customers in a way that sets it apart from your rivals' offerings.Your sales organization should receive clear objectives and direction from your sales tactics.Here are a few examples of goals for a sales strategy:Shorten the interval between receiving an inbound lead notification and beginning the first sales touchpoint.Improve the appointment-setting procedure to make it simpler for a lead to establish a phone reservation. Script-based selling, needs-satisfaction selling, consultative selling, and strategic partner selling are the four fundamental sales tactics that salespeople employ.Different approaches can be employed in various kinds of interactions. A key component of business expansion is having a strong sales strategy.You can plan for the future, evaluate issues, and manage various ways across the organization when your strategy is well stated.The most effective sales strategy should contain a goal and a plan that can be updated over time.To learn more about sales strategy refer
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draiman corporation has bonds on the market with 16.5 years to maturity, a ytm of 6.3 percent, a par value of $1,000, and a current price of $1,036. the bonds make semiannual payments. what must the coupon rate be on these bonds? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
6.52% is the coupon rate be on these bonds
Yield to maturity is the annual rate of return that an investor receives if a bond is held until the maturity.
As per Given Data
Face value = F = $1,000
Selling price = P = $1,036
Number of periods = n = 16.5 years x 2 = 33 periods
Yield to maturity = [C+(F-P)/n]/[(F+P)/2]
As we have the YTM, We need to calculate the Coupon rate Payment using YTM formula.
6.3% = [ C + ($1,000 - 1,036 ) / 33 ] / [ ( $1,000 + 1,036)/2]
6.3% [C- $1.09 ] / $1,018
C- $1.09=$1,018 x 6.3%
C- $1.09=$64.134
C = $64.134 +1.09 $65.224
Coupon Rate = 65.224 / $1,000 = 0.065224 = 6.5224%
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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina chosen?.
Martina has chosen a limited liability company (LLC) as her business structure. This type of business entity provides liability protection for the owners while also offering tax benefits over alternative business structures.
What is tax?
A tax is a mandatory financial charge or other type of levy imposed by a governmental organisation on a taxpayer (an person or a legal entity) in order to fund government expenditure and various public spendings (regional, local, or national), and taxation refers to national policies and personal behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and income reliefs. The first known taxation occurred in Ancient Egypt between 3000 and 2800 BC. Failure to pay on time (non-compliance), as well as evasion or resistance to taxes, is illegal and punishable by law. Taxes can be direct or indirect, and they can be paid in cash or in labour equivalents.
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when gdp growth is at its maximum, given current resources, the business cycle is said to be in which phase? a.) trough b.) expansion c.) peak d.) contraction
The business cycle is said to be at its peak when GDP growth is at its highest level given the available resources.
What is a business cycle ?The "economic cycle" is regarded as the fluctuations that occur in the economy between the periods of expansion (growth) and decline (recession). Taking into account factors such as gross domestic product (GDP), interest rates, total employment, and consumer spending, one can ascertain the economic cycle's current phase.
The economic cycle, also referred to as the business cycle, has four phases that are listed below :
Expansion : The economy grows relatively quickly during an expansion, interest rates are often low, production rises, and inflationary pressures increase.
Peak: When growth accelerates to its fastest rate, a cycle has reached its peak. Economic imbalances should be addressed which are caused by peak growth.
Contraction: During a period of contraction, growth slows, employment declines, and prices remain unchanged.
Trough: The cycle has reached its trough when the economy hits a tough patch and growth begins to pick up.
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murphy's, incorporated, has 25,000 shares of stock outstanding with a par value of $1 per share. the market value is $10 per share. the balance sheet shows $76,500 in the capital in excess of par account, $25,000 in the common stock account, and $145,500 in the retained earnings account. the firm just announced a stock dividend of 12 percent. what will the balance in the capital in excess of par account be after the dividend?
The balance in the capital in excess of the par account after the dividend will be $103,500.
Number of shares issued as dividend = 12% Number of shares outstanding
Number of shares issued as dividend = 12% 25,000
Number of shares issued as dividends = 3,000
Increase in common stock = Number of shares issued as dividend * Par value per share
Increase in common stock = 3,000 $1.00
Increase in common stock = $3,000
Decrease in retained earnings = Number of shares issued as dividend * Market price per share
Decrease in retained earnings = 3,000 $10.00
Decrease in retained earnings = $30,000
Increase in the capital in excess of par = Decrease in retained earnings - Increase in common stock
Increase in capital in excess of par = $30,000 - $3,000
Increase in capital in excess of par = $27,000
Balance in the capital in excess of par after dividend = Balance in the capital in excess of par before dividend + Increase in the capital in excess of par
Balance in capital in excess of par after dividend = $76,500 + $27,000
Balance in the capital in excess of par after dividend = $103,500
Market value commonly referred to as "open market valuation," is the cost that an asset would command on the open market or the estimation that the financial community makes of a specific equity or company.
The estimated worth of the land according to the records kept by the relevant state government is known as the market value of land or the guidance value of a property. The minimal price at which the sale of a property can be registered with the state is known as the circle rate in various states.
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suppose that the airline industry is in long-run equilibrium when the price of gasoline increases, raising the cost of operating airplanes. in the long run, the number of airlines in business should:
The airline industry is in long-run equilibrium when the price of gasoline increases, raising the cost of operating airplanes. in the long run, the number of airlines in business should decrease.
What is industry?
A group of businesses that are connected by their main lines of business are referred to as an industry. Numerous industry classifications exist in contemporary economies. Sectors are generally used to group together industry classifications into larger categories. According to their primary sources of income, individual companies are typically categorised into an industry. For instance, even though an automaker might have a financing division which contributes 10% to the company's overall revenues, this same company would be categorised in the automaker industry by the majority of classification systems. Based on the main product produced or sold, similar businesses are categorised into industries. In this way, industry groups are effectively formed, and these groups can later be used to separate businesses from those who engage in other types of activities.
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a cruise line sales executive would probably use mainly: (distributors) select one: a. incentive travel companies b. corporate travel departments c. specialty travel agency channelers d. large companies which specialize in group tours and cruises e. retail incentive travel agencies
E) A cruise line sales representative would likely use retail incentive travel companies the most.
Retail travel agencies: what are they?A retail travel agency is a company that represents suppliers like airlines, car rental agencies, cruise lines, hotels, and tour operators when selling travel-related goods and services to consumers.
Retail travel agencies typically provide a broad range of travel-related goods and services, and they might also provide extra services like obtaining passports and visas, purchasing travel insurance, and exchanging currencies.
What advantages come with using a retail travel company?
Using a retail travel agency has a lot of advantages. They can assist you in organizing your trip, locating the most affordable hotels and flights, and giving you useful information regarding your destination. Additionally, they can assist you with any issues you encounter while you are away from home.
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suppose that real interest rates in the u.s. rise relative to real interest rates in other countries. this increase would make foreigners a. more willing to purchase u.s. bonds, so u.s. net capital outflow would rise. b. more willing to purchase u.s. bonds, so u.s. net capital outflow would fall. c. less willing to purchase u.s. bonds, so u.s. net capital outflow would rise. d. less willing to purchase u.s. bonds, so u.s. net capital outflow would fall.
If real interest rate in US rise, so other people in other county will less to purchase U.S bond so US net capital outflow would rise (Option C). It is because A high real interest accounts for a more attractive domestic asset so that it will reduces the net capital outflow.
Real interest rate can be defined as an interest rate that has been adjusted to remove the effects of inflation. The rate of time preference for current goods over future goods can be reflected in the real interest rate. The real interest rate can be affected by several factors, such as countries location and down payment.
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roductivity is defined as multiple choice question. output produced per hour. workers employed per hour. output produced per worker. workers per unit of output.
The quantity of goods and services produced (output) and the quantity of inputs required to produce those goods and services are used to calculate productivity, which is a measure of economic performance.
What is the relationship between GDP and productivity?Firms are able to generate more revenue, a higher Gross Domestic Product, and a higher level of output for the same amount of input when productivity rises.
Why is it important to increase productivity?An economy can produce and consume more goods and services for the same amount of work as productivity increases. Individuals (consumers and workers), business leaders, and analysts (such as statisticians and policymakers) all place a high value on productivity.
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nesmith corporation's outstanding bonds have a $1,000 par value, a 9% semiannual coupon, 15 years to maturity, and a 13% ytm. what is the bond's price? round your answer to the nearest cent.
$1,197.01 is the bond's price.
What is outstanding bonds?"Outstanding Bonds" refers to any previously issued bonds that are still regarded as outstanding under the Indenture as of the first interest and/or principal payment date following the current Fiscal Year.
Enter the ticker symbol for the company or, if the common stock is not traded in the US, the country code, select CORP, and then click GO to find information on all of the company's outstanding corporate bonds. A list of all the company's outstanding bonds will be included in this.
Thus, $1,197.01 is the bond's price.
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using the aging method for recording bad debt expense, estimated uncollectible accounts are $55,000. if the balance of the allowance for doubtful account is $11,000 debit before adjustment, what is the balance after adjustment?
The adjusted balance is $66000. Adjusted balance is one of several ways that credit card businesses use to estimate a cardholder's finance account.
What is adjusted balance?Credit card companies use adjusted balance as one of several methods to calculate a cardholder's finance charge. The latter is the fee charged when a cardholder carries a balance from month to month rather than paying the balance in full by the due date of each month. The adjusted balance method of calculating your finance charge subtracts any payments and credits made during the current billing cycle from the previous balance at the end of the previous billing cycle. New charges incurred during the billing cycle are not taken into account in the adjusted balance. The 'Remaining Statement Balance' is your 'New Balance' less payments, returned payments, applicable credits, and amounts in dispute since the last statement closing date.To learn more about adjusted balance, refer to:
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Once funds are available for a program, what is one of the responsibilities of the manager?
find more funds from the community
ensure no additional funds are needed
find more funds from private sources
ensure all funds are spent
Once some funds are available for a program, one of the responsibilities of the manager is to ensure all funds are spent.
Who is a manager of funds?A typical manager of funds is also known as money manager. This is a person that manages the securities portfolio of an individual or institutional investor. They always employs people with various expertise ranging from research and selection of investment options to monitoring the assets and deciding when to sell them.
Most time, they also perform the function of financial advisor because they work to create a financial plan and then manage your portfolio of assets to help you hit your goals
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is a strategy that integrates people and technology in all business functions to enhance relationships with customers, partners, and distributors. question 3 options: supply-chain analysis continuous quality improvement value-chain analysis customer relationship management
Customer relationship management is a strategy that integrates people and technology in business functions to enhance relationships with customers, partners, and distributors.
Customer relationship management (CRM) is a system allowing enterprises to manage their interactions with current and potential clients. Expanding the business is its main objective. CRM systems assist businesses in maintaining contact with clients, simplifying procedures, and boosting profitability. It is a solution that supports agent productivity, contact management, and sales management, among other things.
Through marketing, selling, and electronic commerce, these solutions can be used to connect and interact over the course of a business. Throughout the lifecycle of a partnership, which includes attracting new clients, winning their business, and offering support and supplemental services, a CRM solution helps a business in focusing on connections with specific people, such as clients, customers, service users, coworkers, or suppliers.
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beginning inventory at retail (base year)$ 120,000 ending inventory at retail$ 168,000 beginning cost-to-retail percentage40% current-year cost-to-retail percentage45% retail price index for the year1.12 what is the estimate of ending inventory using the dollar-value lifo retail method?
The estimated ending inventory is $63120
Beginning inventory at base year retail:
= Beginning inventory ÷ Year end cost index
= $ 120,000 ÷ 1.00
= 120,000
Current inventory at base year retail:
= Ending inventory ÷ Year-end cost index
= $ 168,000 ÷ 1.12
= 150,000
Estimate of ending inventory:
= Base inventory + Current inventory
= (inventory at base year × Cost percentage × Year end cost index) + (inventory at base year retail × Cost percentage × Year end cost index)
= ( 120,000 × 40% × 1.00) + (30,000 × 45% × 1.12)
= $48,000 + $15,120
= $63,120
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at the verill company, the cost of the library and information center has always been charged to the various departments based upon number of employees. recently, opinions gathered from the department managers indicate that the number of engineers within a department might be a better predictor of library and information center costs. total library and information center costs are $200,000. department a b c number of employees 135 530 135 number of engineers 0 80 20 which cost estimation method is being used by verill company?
Verill company used the conference method of cost estimation.
It is a technique for cost estimation that combines analysis, information, and knowledge from professional sources to help with cost decision-making. The department manager opinions gathered here suggest that the cost of libraries and information centers may be better predicted by the number of engineers working inside a department. Therefore, we can state that this approach is a conference.
Businesses that adopt this strategy gain from the fact that it prohibits cost accountants from making judgments in isolation. When perspectives and contributions from various functional areas are incorporated into cost predictions, all employees are more likely to believe that the costs are being estimated accurately. This cost estimation method also has the advantage of being rapid to execute.
Hence the Verill company used the conference method of cost estimation.
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arnold has a tax liability of $700. he has a refundable tax credit of $1,000, and his employer withheld $900 in federal income tax from arnold's pay. what is the amount of arnold's tax refund?
The amount of Arnold's tax refund is $1200
Tax liability = $700
Tax refunds are payments sent to taxpayers who have overpaid their taxes, frequently as a result of excessive withholding by employers from employees' paychecks. Nearly three-fourths of taxpayers, according to U.S. Treasury estimates, have too much money withheld from their taxes, resulting in tax refunds. Overpaying taxes can be compared to giving the government an interest-free loan. Employees can also adjust the amount they withhold when estimating their year-end liability.
Refundable tax credit = $1000
Amount withheld with employer = $900
Calculating the amount of refund:
= 700 - 1000 - 900 = $1200
So, the refund amount is $1200
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because of the almost universal reluctance of the population to take part in surveys, focus group companies, a special kind of marketing research institution, have risen to the forefront of data collection. true false
Focus group companies, a distinct type of marketing research institution, have risen to the forefront of data collection falsification due to the almost universal reluctance of the population to participate in surveys.
In marketing research, what exactly is a focus group?A focus group is a method of market research in which six to ten people gather in a room to give feedback on a product, service, idea, or marketing campaign. A group discussion lasting 30 to 90 minutes is led by a trained moderator to gather useful information.
What exactly is a focus group study?One type of qualitative research is focus groups. Future research on consumer decisions, products and services, and even controversial topics can be influenced by observations of the group's dynamic, responses to focus group questions, and even their body language.
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