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2 years ago

The dedcution SIPOC is an output

Business

1 answer:

Valentin [98]2 years ago

5 0

Answer:

In process improvement, a SIPOC (sometimes COPIS) is a tool that summarizes the inputs and outputs of one or more processes in table form. It is used to define a business process from beginning to end before work begins.

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What effect is an increase in income tax rates likely to have on the underground economy? Why?

Vera_Pavlovna [14]

Underground economy refers to the illegal trade of goods and services because it does not comply with the government’s policy of reporting necessary requirements. An example of this is smuggling of goods and prostitution. If there is an increase in the income tax rates, the underground economy will continue to grow and tax evasion may be rampant. It is because some people would avoid in their duty of paying right amount of taxes and prefer to earn more money.

6 0

4 years ago

If employers want to select experienced employees for a project, bring them on board without the need to provide training or ben

Svetllana [295]

Answer:

The correct answer is contingent.

Explanation:

Contingent employment is a short-term or on-call job that does not require the creation of a long-term contract between employer and worker. There are many different types of contingent employment, such as seasonal work, project-based jobs, and guard positions. Although contingent employment can be economically and practically useful for employers and workers, some economic experts believe that it can also be used to cover a multitude of legal and moral offenses. The most important distinction between the employment quota and traditional employment is the creation of a short-term contract. In a traditional job, workers are normally hired with no end date in mind, although both employer and employee retain the right to terminate the agreement at any time. In a contingent job, the contract generally specifies a period of employment, which can be a project end date or the inflection of a season. Some contingent employees may be hired as permanent staff at the end of their short-term contract, at which point they usually sign a new contract as a full-time worker.

8 0

4 years ago

Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service

UNO [17]

Solution and Explanation:

a. Prepare the journal entries for Geraths in 2014.

On July 1, 2014, Geraths enters into a contract with a customer for the purchase and installation of window for a price of $2,400. No journal entry.

On september 1, 2015.

Windows = $2,000

Installation = $600

Total = $2,600

Allocation

Particulars Amount

Installation $(\$ 600 / \$ 2,600) \times \$ 2,400$ 554

Windows $(\$ 2,000 / \$ 2,600) \times \$ 2,400$ 1,846

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,000

Account receivable 400

unearned service revenue 554

Sales revenue 1846

Cost of goods sold 1100

Inventory 110

15 oct,2015 Cash 400

unearned service revenue 554

Service revenue (installation) 554

Account receivable 400

(Revenue recognized after service provided)

On september 1,2015.

Windows = $2,000

Installation $(\$ 400+(20 \% \times 400)$ = $480

Total = $2,480

Allocation.

sales revenues 200,000

Particulars Amount

Installation 465

Windows 1,935

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,400

Account receivable 400

unearned service revenue 465

Sales revenue 1935

Cost of goods sold 1100

Inventory 1100

(Windows delivered,Instailation recorded )

15 oct,2015 Cash 400

unearned service revenue 465

Service revenue (installation) 465

Account receivable 400

(Revenue recognized after service provided)

5 0

3 years ago

Generally accepted accounting principles (gaap) that govern the content and form of financial reports are established by the _

balu736 [363]

Generally accepted accounting principles (GAAP) that govern the content and form of financial reports are established by the federal government. The federal government placed these principles on companies to make sure all accounting documents are done correctly and streamline. The easiest way to make sure all documents are the same across the board is to put regulations on how they must me submitted.

4 0

4 years ago

Economic theory is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development an

RSB [31]

Answer:

The answer is C. Development and use of model to test

hypotheses

Explanation:

Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.

Examples of Economic theories are

Classical economic theory

Keynesian theory

New Classical theory

New Keynesian theory

5 0

3 years ago