Answer: Sustainability
Explanation:
The sustainability is the term which is used to refers to the economical activities that helps in maintain the present actual requirement and also understanding the future abilities.
The importance of the sustainability is that it helps in maintain the quality of our environment and also the various types of natural resources.
The following are some benefits of the sustainability are as follows:
- Reduce the cost
- Helps in reducing the waste
- Increase the productivity in an organization
- The business abilities get increased
According to the question, the sustainability is basically refers to the natural environment that has long term potential which include the various types of biological entities, business strategies and also the interaction with the environment.
Therefore, Sustainability is the correct answer.
Answer:
1. Lack of Vision
2. Lack of Focus
3. Lack of Willpower
4. Trying to Please Everyone
5. Fear
6. The Average Mentality
7. The Pursuit of Perfection
Answer:
Letter of Credit (LC)
a) Mbo Limited's bank can issue a letter of credit to Tiffany Anderson Group Ltd.'s bank a credit guarantee by which Mbo's bank guarantees that Mbo Limited will settle Tiffany Anderson Group Ltd in full for the amount involved in their trade relationship. It is usually used by importers and exporters to settle trade credit. It is the most acceptable means of settling debts across national boundaries.
b) A diagram is attached. The procedures are detailed below:
A. A Sales Contract is established between the seller (exporter) and the buyer(importer).
B. The importer makes a request to its bank for issuance of letter of credit.
C. The importer’s bank issues a letter of credit to the exporter’s bank.
D. The exporter’s bank advises on the letter of credit to the exporter.
E. The exporter presents export documents (bill of lading and invoice) to its bank.
F. The exporter’s bank delivers the documents to the importer’s bank.
G. The importer’s bank debits the account of the importer for the stated amount after confirming that the documents are in order.
H. The importer’s bank pays the purchase price to the exporter’s bank.
I. The exporter’s bank credits the exporter’s bank to show payment. This ends the transaction.
c. The letter of credit guarantees both the Mbo Limited and Tiffany Anderson Group Ltd. It guarantees and ensures that payment for goods are not paid to Tiffany Anderson Group Ltd until there is evidence that the correct goods and quantity have been shipped by Tiffany Anderson Group Ltd (through the bill of lading). It also assures Tiffany Anderson Group Ltd of payment for shipped goods since the documents cannot be released to Mbo Limited unless Mbo Limited's account had been debited and the money transmitted to Tiffany Anderson Group Ltd through its bank.
Explanation:
As above.
Answer:
Overhead= $17,000
Explanation:
Giving the following information:
estimated total factory overhead costs of $116,000
expected direct labor hours of 11,600
Job number 117 incurs 1,700 direct labor hours
First, we need to calculate the predetermined manufacturing overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 116,000/11,600
Predetermined manufacturing overhead rate= $10 per direct labor hour
Now, we can determine the amount of allocated overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 10*1,700= 17,000
