Answer: True
Explanation: The IT department of an organization is responsible for managing everything related to technological resources and would not necessarily be related to the company's own activities, but they have to work hand in hand to provide the best technological solutions.
For example: a food distribution industry, should have good resources in inventory technology, or in GPS system for transport, are technological resources but are not the same as business.
A risk management differs from quality management because the risk management identifies areas of operational and financial loss.
<h3>What is a
risk management?</h3>
This refers to the layer of protection at the beginning of the process to identify hazards before production even begins.
<h3>What is
quality management?</h3>
This is the section involved in overseeing all activities that must be accomplished to maintain a desired level of excellence in a firm.
In conclusion, the risk management differs from quality management because the risk management identifies areas of operational and financial loss.
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Answer:
B) Unrealized Holding Gain or Loss-Income. 300,000
Notes Receivable 300,000
Explanation:
December 31, 2017 realized losses:
- Dr Unrealized Holding Gain or Loss―Income 300,000
- Cr Notes Receivable 300,000
Since the carrying value of the notes receivable was $300,000 higher than their fair market value, it means that the company will lose money.
Since the company is losing money, it should debit the Unrealized Holding Gain or Loss―Income account. Gains are credited and losses are debited.
Answer:
Full cost is a pricing strategies which is most likely to lead to long-term financial sustainability
Explanation:
Full cost: It includes all types of cost which includes fixed cost, the variable cost which is used to compute the total cost per unit . where, fixed cost is that cost which remains same if production level also increases and, the variable cost is that cost which is changes when production level changes.
Marginal cost: It is the cost that is added when extra goods and services are produced.
Direct cost: It is that cost which is directly related to the production level. Example: direct material, direct labor, etc.
Indirect cost: It is that cost which is not related to the production level Example: Overhead cost, security cost, etc.
Variable cost: It is that cost which is changes when production level changes whether increase or decrease.
All other costs other than full cost is not used for long term financial sustainability because full cost includes all types of cost.
Hence, Full cost is a pricing strategies which is most likely to lead to long-term financial sustainability
Answer:
$190,000
Explanation:
Given:
Loan amount = $20000
Month Remain = [ 8 month - 2 month ( July - august) non interest bearing] = 6 month
Discount rate = 10%
Calculation of value discounted = Loan amount x Discount Rate x month remain
= $200,000 x 10% x 6/12
= Discounted Amount = $10000
After discount rate = loan amount - discounted amount
= $200,000 - $10,000
After Discount Rate= $190,000