The actual total direct materials cost for the current period is $198,000. Hence, Option B is correct.
What do you mean by direct materials?Components that go into a manufactured good are known as direct materials. For instance, the direct materials used in the production of a smartphone include the screen, integrated circuits, camera modules, and buttons.
As per the given information,
Actual total direct materials cost = Standard direct materials cost + unfavorable quantity variance - favorable price variance
Actual total direct materials cost = $200,000 + $3,000 - $5,000
Actual total direct materials cost = $198,000.
Hence, The actual total direct materials cost for the current period is $198,000. Option B is correct.
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"Your question is incomplete, probably the complete question/missing part is:"
A)$208,000.
B)$198,000.
C)$202,000.
D)$192,000.
E)$205,000.
thompson engine company manufactures and sells diesel engines for use in small farming equipment. for its 2017 budget,
Thompson Engine corporation manufactures and sells diesel engines to be used in small farming devices. For its 2017 finances, Thompson Engine enterprise estimates the subsequent:
The selling fee $ 7,000
Variable cost consistent with engine $ 2,000
Annual constant charges $5,560,000
internet earnings $ 900,000
earnings tax rate 40%
The primary-quarter income announcement, as of March 31, said that income had been not meeting expectancies. during the primary area, the simplest three hundred units had been sold at the modern price of $7,000. The earnings statement confirmed that variable and stuck charges were as planned, which intended that the 2017 annual net earnings projection might not be met except if management took movement. A controlled committee become formed and presented the following together one of a kind alternatives to the president:
Lessen the promotion price by 15%. The sales company forecasts that at this drastically reduced charge, 1,400 gadgets can be sold for the duration of the remainder of the 12 months. overall fixed prices and variable prices in step with units will live as budgeted.
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kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. at year-end, only $30,000 of merchandise was still being held by woodhouse. what amount of intra-entity gross profit must be deferred by kane?
If kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. The amount of intra-entity gross profit that must be deferred by kane is: $4,050.
Intra-entity gross profitUsing this formula
Intra-entity gross profit=Merchandise×[(Selling price-Cost of inventory)/Selling price]×Rate
Intra-entity gross profit=30,000×[(130,000-71,500)/130,000]×.30
Intra-entity gross profit=30,000×0.45×0.30
Intra-entity gross profit=$4,050
Therefore If kane inc. owns 30% of woodhouse co. and applies the equity method. during the current year, kane bought inventory costing $71,500 and then sold it to woodhouse for $130,000. The amount of intra-entity gross profit that must be deferred by kane is: $4,050.
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the american institute of certified public accountants has the primary authority to establish accounting standards.
False, the American institute of certified public accountants does not have the primary authority to establish accounting standards.
The AICPA is commonly accepted professional and technical standards for CPAs in multiple areas. Until the 1970 s, the AICPA holds a virtual monopoly in this field. in the 1970 s, however, it was transferred its responsibility for setting generally accepted accounting principles(GAAP) to the freshly formed Financial Accounting Standards Board(FASB).
What is the American institute of certified public accountants(AICPA)?The American Institute of Certified Public Accountants (AICPA) is a non-profit professional organization recognising certified public accountants (CPA)in the United States.
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(internal/external) users of accounting information rely on financial statement analysis to make more informed decisions when pursuing their goals.
External users of accounting information rely on financial statement analysis to make more informed decisions when pursuing their goals
Who are external users of financial statements?
The financial statements of an entity which includes the income statement, balance sheet and cash flow statement are used by external users such as investment analysts, government agencies, potential investors and would-be lenders to analyze the performance and position of the business with a view to making an informed business decision.
The internal users are most concerned with the information presented in formats requested by them in the management accounting reports rather than relying on the financial statements which are historical in nature.
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a good without any close substitutes is likely to have relativelyelastic demand, since consumers cannot easily switch to a substitute good if the price of the good rises.
A good without any close substitutes is likely to have relatively elastic demand, Since consumers cannot readily convert to a substitute item if the price of the original good increases, a good without any near substitutes is likely to have relatively Inelastic demand.
Inelastic Demand:
When a buyer's desire for a product does not fluctuate as much as a product's price change, this is known as inelastic demand. Demand is said to be inelastic when the price rises by 20% yet the decline in demand is only 1%. This problem frequently arises with common household goods and services. People will continue to buy roughly the same amount of goods or services after a price increase since their needs remain the same. Similar circumstances apply when the price is reduced; the demand for the product will not rise significantly as a result of consumers' limited need for it (s).
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what aspect of the control environment is affected by the company's decision to hire temporary workers?
The commitment to competence aspect of the control environment is affected by the company's decision to hire temporary workers.
What is a temporary employee?Temporary employees may be employed by you directly or via a staffing firm. They are employed at will or pursuant to a contract and receive hourly pay or, in some circumstances, a salary. Part-time, full-time, and seasonal temporary workers are all possible. For your business, temporary employees often put in less than 1,000 hours or one year.
Costs associated with employing permanent staff can be avoided by the business. The temporary company may have already trained them. They might provide the business with a fresh, outside perspective. As a temporary employee, you have the chance to assess several businesses across various industries to determine which one best fits your working preferences and long-term professional objectives.
Temp work provides flexibility. You can pick up new abilities. Your employment gaps may be filled with temporary labor. Permanent work may follow temporary employment.
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in the sales comparison method, quantitative adjustments are based on dollars, while qualitative adjustments are based on percentages.
To account for the variations between the topic and the comparable sales, quantitative adjustments are either percentage or monetary adjustments. The appraiser must rank the similar sales in terms of superiority/inferiority to the subject in order to make qualitative changes.
What are quantitative adjustments?Quantitative adjustments include percentage and/or monetary adjustments to account for differences between the property in question and its peers. This method of using quantitative adjustment has advantages and disadvantages. Quantitative adjustments are desirable because they can provide measurable and quantifiable adjustments. For this reason, it is considered a far more objective adjustment than a qualitative adjustment. This type of analysis/adjustment is mostly considered more accurate and reliable due to the scientific nature of the quantitative analysis. At the same time, finding the data necessary to validate a quantitative adjustment can be very difficult or even impossible. Let's explore some methods used in quantitative fitting.
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this flight is operated by a partner airline united seat selection and changes are not available for this flight at this time. you'll be assigned a seat prior to boarding. for additional information, visit the operating airline's website.
I am unable to choose seats on the United website. It informs me "On this flight, there are no available advance seat assignments on united.com.
Partner Airline
An airline is a business that offers passenger and cargo air transportation services. Airlines utilise planes to provide these services, and they may join forces with other airlines to fly the same flight under a codeshare arrangement. Typically, an air operating certificate or licence issued by a governmental aviation organisation serves as recognition for airline firms. Airlines may operate on a scheduled or a charter basis. The German airship firm DELAG, established on November 16, 1909, was the first airline. The Netherlands' KLM (1919), Colombia's Avianca (1919), Australia's Qantas (1920), and the Czech Republic's Czech Carriers (1920) are the four oldest non-airship airlines still in operation (1923).
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global competition, team-based projects, flattened management hierarchies, new communication technologies, and are the most significant trends in today's dynamic workplace. group of answer choices fewer written messages more homogeneous workforces expectations of around-the-clock availability stricter dress codes
Three parts make up the competition: submitting initial ideas, qualifying teams submitting business plans, and a final presentation of the teams and concepts that stood out from the second stage.
Candidates and teams are asked to upload a brief, detailed, and documented description of their business idea for the first stage of the competition, which is handled online using a template (online submission form) that is available on the competition website. The main components of each first-stage proposal will be made available to the public on the platform so that potential partners and investors can interact with them. Each proposal will be evaluated on its originality, viability, and completeness as well as its relevance to the PROMETHEUS project's goals and the needs of the business community as expressed on the platform in order to determine if it advances to the second stage.
A detailed business plan that can result in the development of a business and is sufficient for possible financiers will be assembled and submitted by the proposals that advance to the second stage using a template that will be provided. According on the content of each business idea, mentors with the appropriate skills will be appointed to support the teams in the second round. Between mentors and team members, communication and relevant meetings will be conducted digitally. A team of assessors, made up of university professors, seasoned business executives, and public sector experts, will assess the proposals in the first two stages.
The top business proposals, chosen following the pertinent second stage review, will be presented at the competition's final event in front of a jury made up of illustrious representatives of the academic community and the business world in the third stage. The team and their ideas are briefly presented during the final presentation, which is typically live, and pertinent questions from the judges and audience are also addressed.
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establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project. group of answer choices true false
Establishing a positive relationship with all key stakeholders early in the project helps to create a desire among those stakeholders to support the project, and builds the communications foundation for the project. This statement is True.
What does stakeholder mean?
A stakeholder is a party involved in a business that affects or is affected by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.
Who are the company's stakeholders?
A stakeholder is an individual, group or organization directly involved in or indirectly affected by a project, product, service or business. As such, stakeholders also influence why and how companies do business.
What is the role of stakeholders?
Stakeholders help complete a company's project or organization by providing valuable support, insight, and resources. Understanding the roles of stakeholders is critical to project success.
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The collection of an account that had been previously written off under the allowance method of accounting for uncollectibles.
The allowance method of recording uncollectible accounts specifies that the balance of account should be reduced by the number that's expected to be uncollectible.
In other words, the uncollectible amount should be written off. However, the gathering of the number that was written off previously won't impact the web income during which the quantity is received. The company makes a journal entry of write-off by debiting the allowance for doubtful accounts and crediting the assets. However, when the corporate receives the identical amount, it reverses the written-off entry by debiting the assets and crediting the allowance for doubtful accounts. Additionally, it records another journal entry by debiting brokerage account and crediting the assets. Therefore, during this method, the gathering of written-off amount doesn't impact the online income.
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time to reach a financial goal you have $33,556.25 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. you expect to earn 12% annually on the account. how many years will it take to reach your goal?
It will take 11 years time to reach a financial goal you have $33,556.25.
What is a present value and Future Value?The amount of cash that must be invested in order to realize a given future objective is known as the present value. Future value is the amount of money that will grow over time if the initial investment is made. You must invest the present value in order to realize the future worth.
Given,
Present value(PV) = $33,556.25
Annuity = $5,000
Future Value(FV) = $220,000
Rate = 12%
Required to Calculate time =?
FV = PV*(1 + r)∧n + Annuity*(((1 +r)∧n-1)/r
220,000 = 33,556.25*(1 + 0.12)∧n + 5,000(((1 + 0.12)∧n-1/0.12
3.47855 = (1.12)∧n
Taking log on both sides,
log(3.47855) = log(1.12)∧n
N=0.541398/0.049218
N= 11 (approx)
Thus, it will take 11 years to reach the goal. In a brokerage account and you plan to deposit an additional $5,000 at the end of every future year until your account totals $220,000. you expect to earn 12% annually.
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deltra was willing to purchase a dozen cookies for $80 that deirdre was willing to sell for anything more than $42. if they agreed on a price of $46, how much total value was created in this exchange?
The total value created in this exchange is $38.
What is the total value created?The total value created is the sum of the consumer surplus and the producer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
$80 - $46 = $34
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
Producer surplus = price – least price the seller is willing to accept
$46 - $42 = $4
Total surplus = consumer surplus + produce surplus
$4 + $34 = $38
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upper-level managers are responsible for decisions regarding the direction and purpose of the organization.
Upper-level managers are responsible for Long term decisions regarding the direction and purpose of the organization.
The primary function of the upper-level management team is to develop the mission, vision, and strategy for the entire organization by considering challenges and opportunities in the current business environment. Simply put, upper-level managers make long-term decisions regarding the direction and purpose of the organization.
Top-stage managers are accountable for controlling and overseeing the whole organization. middle-level managers are accountable for executing organizational plans which observe the company's guidelines. They act as a middleman between top-degree and coffee-stage management. pinnacle managers are accountable for the overall course and operations of an agency. mainly, they're chargeable for setting organizational dreams, defining techniques for attaining them, monitoring and enforcing the outside environment, and selecting that affect the entire enterprise.
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ongoing attention to and dialogue about workplace values builds openness, integrity, and community. group starts
Given statement is False. ongoing attention to and dialogue about workplace values does not build openness, integrity, and community. group starts
What are the benefits of managing Ethics In The Workplace?1. Business ethics awareness has significantly enhanced society.
In only a few decades, kids through our nation used to put in 16-hour days. Workers had their limbs severed, and those who were crippled were doomed to destitution and frequently famine.
2. Programs in ethics aid in keeping a moral course through difficult circumstances.
Business ethics are extremely important during periods of profound change, such as the ones that both nonprofit and for-profit organizations are currently experiencing.
3. Strong teamwork and productivity are fostered by ethics programs.
Employee conduct is aligned with the highest priority ethical ideals favored by the organization's executives through ethics programs.
4. Employee growth and meaning are supported by ethics programs.
Employees that pay attention to ethics at work are better able to face reality, both good and negative, both inside the business and within themselves.
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belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information:
The total of all indirect costs incurred during the manufacturing of a product is known as manufacturing overhead (MOH) cost. Along with the expenses of direct materials and direct labor, it is included in the price of the finished product. The depreciation of equipment, wages paid to factory workers, and electricity used to operate the equipment are typically included in manufacturing overhead costs.
A manufacturer's balance sheet, cost of products income statement, and cost of finished goods in inventory should all reflect production overhead in accordance with generally accepted accounting principles (GAAP).
In order to predict the monthly demand for its product, a producer of printed circuit boards utilizes exponential smoothing with trend. The corporation wants to anticipate sales for January at the end of December. 200 extra boards were estimated to have been sold each month through the month of November. Around 1000 copies have been sold monthly on average. In December, there was a need for 1100 units. The business makes use of = 0.20 and = 0.10. Make a forecast for January that includes trends.
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a high uncertainty avoidance ranking indicates that the country has a high tolerance for uncertainty and ambiguity.
A high uncertainty avoidance ranking indicates that u . s. a . has an excessive tolerance for uncertainty and ambiguity and a low tolerance for uncertainty and ambiguity.
Uncertainty refers to epistemic conditions related to imperfect or unknown statistics. It applies to predictions of destiny activities, to bodily measurements which can be already made, or to the unknown. Uncertainty arises in part observable or stochastic environments, as well as due to lack of expertise, indolence, or both.
Uncertainty is described as doubt. whilst you sense as in case you aren't positive in case you need to take a new process or not, this is an instance of uncertainty. while the economic system is going awful and causing all of us to fear about what's going to show up next, this is an example of uncertainty. Uncertainty is regularly targeted on issues approximately the destiny and all of the terrible matters you can assume occurring. it can leave you feeling hopeless and depressed approximately the times ahead, exaggerate the scope of the troubles you face, and even paralyze you from taking motion to overcome trouble.
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Elaborate on the meaning of the vision and mission statement of a business
geppetto and lewis agree to trade at a rate of 3 puzzles for each puppet. with those terms of trade, who is most likely to be the supplier of puzzles? who is most likely to be the supplier of puppets
Puzzles are most likely supplied by Geppetto, while puppets are most likely supplied by Lewis. Geppetto is most likely the source of puzzles.
This is further explained below.
What are puzzles?Generally, A puzzle is any activity (such as a game, a problem, or a toy) that challenges a person's intelligence or inventiveness.
When solving a puzzle, it is required of the solver to fit the parts together in a manner that is consistent with logic in order to arrive at the proper or enjoyable solution to the challenge.
In conclusion, Geppetto is most likely the one who provides the puzzles, whilst Lewis is most likely the one who provides the puppets. It is most likely Geppetto who is responsible for the riddles.
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In february, market analysts predict that the price of titanium will rise in march. What happens in the titanium market in february, holding everything else constant?.
What happened in the titanium market in February, holding things constant is the supply curve shifts to the left.
Demand can be defined as the desire of consumers to buy an item at various price levels over a certain period of time. In short, demand is the amount of goods demanded in a certain market at a certain price level at a certain level of income and in a certain period. In economics, a demand for a good will increase if its price falls.
The demand curve is a representation of the statement that is poured into a picture to make it easier to understand. This curve has a negative gradient / slope / slope, meaning that the slope on this curve decreases from top left to bottom right. This shows that the relationship between price and demand is inversely proportional.
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WHAT DISADVANTAGES ARE THERE TO BEING A SOLE TRADER IN CONTRAST TO A PARTNERSHIP?
Explanation:
freedom
you can make quick dissions alone unlike partnership.
easy to run
requires small capital to start
you enjoy all the profits alone
debt securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses that are included as other comprehensive income and as a separate component of stockholders' equity are
Debt securities acquired by a corporation which are accounted for by recognizing unrealized holding gains or losses and are included as other comprehensive income and as a separate component of stockholders' equity are available-for-sale debt securities.
Debt securities are financial assets that entitle their owners to a circulation of hobby payments. In contrast to fairness securities, debt securities require the borrower to pay off the predominant borrowed. The hobby fee for a debt security will rely on the perceived creditworthiness of the borrower.
What are the examples of debt security?
Examples of debt securities are bonds, convertible debt, business paper, promissory notes, and redeemable desired inventory. In each of those cases, the lender or investor is entitled to get hold of the overall quantity of the safety at some later date, or to sell it now on a secondary market.
What are debt securities used for?
Debt securities are precisely what they sound like: investable belongings used to raise debt for an entity. Person investors, institutional investors, and even governments can buy with the ability (but never the outright assure) of returning their predominant with interest.
What are the three forms of debt securities?
Not unusual styles of debt securities encompass corporate bonds, municipal bonds, and treasury bonds.
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individually identify what you consider to be the greatest achievements accomplished by mankind in the last five decades. now share your list with three to five other students in the class, and come up with an expanded list. review these accomplishments in terms of the definition of a project. what does your review suggest about the importance of project management?
The greatest achievements accomplished by mankind in the last five decades are- Mass production of personal computers: With the support of Steve Jobs' Apple and Bill Gates' Microsoft, personal computers became widely used in homes and offices in the early and middle 1990s, revolutionizing society and boosting productivity.
Internet: Although it wasn't created in the last fifty years, the internet started to become widely used in the late 1990s. Computers (and, in modern times, cellphones) wouldn't be as capable and significant without the internet. The way we communicate and conduct business has both altered as a result of the internet.
Project management refers to the process of breaking a project down into tasks and distributing those assignments to other team members. The achievement of these minor objectives results in the gradual realization of the main objective. that is, The Project. You would have trouble finishing the project on time without good project management. Making the team accountable would be challenging, and maintaining team unity would be even more difficult.
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The major department head who is appointed by the president to deal with foreign countries is the.
The Secretary of State is that the major department who is appointed by the president to pander to foreign countries.
The Secretary of State, appointed by the President with the recommendation and consent of the Senate, is that the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department and therefore the office of the us. Created in 1789 by the Congress because the successor to the Department of Foreign Affairs, the Department of State is that the senior federal department of the U.S. Government. The Secretary of State’s duties referring to foreign affairs haven't changed significantly since then, but they need become way more complex as international commitments multiplied.
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indicate whether each of the following items is representative of managerial or of financial accounting
indicate whether each of the following items is representative of managerial or of financial accounting:
A. Financial Accounting
B. Managerial Accounting
C. Financial Accounting
D. Financial Accounting
E. Managerial Accounting
F. Financial Accounting
G. Managerial Accounting
H. Managerial Accounting
I. Financial Accounting
J. Managerial Accounting
What is Financial Accounting?
The process of recording, compiling, and reporting the numerous transactions occurring from corporate operations throughout time is known as financial accounting. It is a particular branch of accounting.
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select the correct answer. weight management is one benefit of participating in sports. which sentence is true regarding weight management?
Sentence is true regarding weight management ---Regular participation in sports helps preserve muscle mass.
Option B is correct
What is Weight Management ?
Weight management is the process of making long-term lifestyle changes to maintain a healthy body weight based on a person's age, gender, and height. Weight management techniques include maintaining a balanced diet and improving physical activity levels.
The overarching goals of weight loss and management are:
To avoid further weight gain. If prescribed, to lose weight.To maintain a reduced body weight over time. Specific targets can be set for each of these objectives.Meal planning allows you to make healthier choices that are not driven by physical hunger. Plan home-cooked meals, with restaurant dining reserved for exceptional occasions. Packing low-calorie snacks such as fresh fruits, veggies, and whole grains will help regulate hunger throughout the day.
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Complete Question :-
Weight management is one benefit of participating in sports. Which sentence is true regarding weight management?
To lose weight you must burn fewer calories than you consume.Regular participation in sports helps preserve muscle mass.You burn more calories when engaged in a sports activity that is less intense.Sports can help you control your weight regardless of your diet.to celebrate earth day, the employees of a company plan to reduce their carbon footprint in the workplace. identify the changes they can make to achieve their plan.
They can make the following changes:
Stop buying the water in plastic. Get a reusable water bottle and keep it filled at all times.
Incorporate walking or biking to some of the regular short-trip destinations. In most instances, employees can walk a mile in less than 20 minutes.
Turn off lights and unplug devices when no one is using them in the workplace.
Thermostat must be set to 78 in summer and 67 in winter. And turn-off the heat and AC when employee is not in the office cabin.
Use alternative transportation such as bus, train, carpool, or bike to get to work one day per week.
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the steering committee decides that the location of the next aom annual meeting should consider the competitive, economic, social, and technological factors affected by the committee’s decision. in other words, it is using which approach?
The steering committee decides that the location of the next arm annual meeting should consider the competitive, economic, social, and technological factors affected by the committee’s decision. in other words, it is using the systems management approach
This is further explained below.
What is a systems management approach?Generally, The examination of a company in its whole as part of a management strategy known as a systems approach is intended to facilitate the organization of its human and material resources in such a way that they contribute most effectively to the achievement of the company's overarching goals.
In conclusion, The steering committee determines that the competitive, economic, social, and technical variables that will be impacted by its choice as to where to hold the next arm annual meeting should be taken into account.
To put it another way, it is using the systems management methodology.
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analysis, management evaluates the firm's various products and businesses, then allocates resources according to potential profit outlook. multiple choice question.
In _____ management evaluates the firm's various products and businesses, then allocates resources according to potential profit outlook
In portfolio analysis, management evaluates the firm's various products and businesses, then allocates resources according to potential profit outlook
The required details for portfolio analysis in given paragraph
How does portfolio analysis work?
Portfolio analysis is a mathematical strategy for choosing the best possible portfolio that can balance maximizing return and lowering risk in a variety of unpredictable circumstances.
What does portfolio analysis seek to accomplish?
Portfolio analysis is one of the components of investment management that enables market participants to examine and evaluate the performance of a portfolio (equities, bonds, alternative investments, etc.) with the goal of determining performance on a relative and absolute basis as well as the risks attached to it.
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tax planning ahead of time is an example of question 5 options: procrastination. micromanagement. macromanagement. operating expenses.
The correct option is B. Tax planning ahead of time is an example of micromanagement.
It entails organizing your affairs in a way that the tax liability is correctly controlled. Compliance with the terms of the Income Tax Law and its related laws is the goal of Tax Management. Tax management aids in preventing the payment of interest, penalties, and other fees.
Why is tax planning necessary?To improve personal finances and increase savings for investments, tax preparation is essential. Additionally, it aids in reducing the amount of income tax due each fiscal year, increasing the number of funds accessible for retirement. By optimizing deductions and achieving more tax control, effective tax planning aids businesses in reaching their financial objectives.
The income tax that is paid in large amounts in advance as opposed to all at once at the end of the year is known as advance tax. Advance tax, often referred to as earn tax, must be paid overtime according to the due dates established by the income tax division.
The best choice is B. Micromanagement is an example of in-advance tax planning.
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