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Mashcka [7]
3 years ago
12

A team that meets to solve a one time problem is called a

Business
1 answer:
Finger [1]3 years ago
7 0
<span>A team that meets to solve a one time problem is called a special purpose team. when there is a unusual problem or an emergency problem that can't be solved by a responsible person a team will be formed to solve. it is temporary and dissolved once the problem is solved.</span>
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What are aspects of a free-enterprise system? Check all that apply. Private ownership of property is severely restricted. The go
Elena L [17]

Answer: In a free-enterprise system,

There are few limits on the use of private property.

Consumers make all of their economic choices.

Producers make all of their economic choices

<h3>a. There are few limits on the use of private property: </h3>

In a free enterprise system the holders of private property are free to buy and sell property. The government doesn't impose restrictions on such transactions.

<h3>b. Consumers make all of their economic choices. Producers make all of their economic choices.</h3>

In a free enterprise system, the producers set the price they want to charge for their product. Similarly, the consumers decide what they want to pay for the product. Hence the prices of commodities and the quantities supplied are decided by the market forces of demand and supply.

7 0
3 years ago
Read 2 more answers
The following are the income statements of the Hancock Company for two consecutive years. Increases in which expenses contribute
dsp73

Answer:

Increase in Administrative Expense of $3,300 additional led to loss in the year 2016.

Explanation:

As for the provided details:

Particulars                2016             2015

Revenue                 $30,000         $20,000

Cost of goods sold  $17,800        $12,000

Gross margin          $12,200         $8,000

Operating Exp        

Selling Exp             $4,800            $4,600

Admin. Exp             $7,800            $3,000

Total operating exp $12,600         $7,600

Net Income              ($400)            $400

As we see the major difference which is irrelevant is in administration expense, that is because difference in cost of goods sold is somewhere justified as, when it calculated as a percentage of sale that is $12,000/$20,000 = 60%

Thus for year 2016 also the expense shall be $30,000 \times 60% = $18,000

Thus, it is justified but for administrative expense $3,000/$20,000 = 15%

For 2016 = $30,000 \times 15% = $4,500

But since it is very much exaggerated, by $7,800 - $4,500 = $3,300 this is the main reason of loss.

5 0
3 years ago
Which of the following is a duty of a personal finance manager?
denis-greek [22]

Answer:

C. trading clients investments is the correct answer.

Explanation:

7 0
3 years ago
Read 2 more answers
By paying close attention to customer needs and continuously monitoring the environment in which it operates, a good marketer ca
Helen [10]

By paying close attention to customer needs and continuously monitoring the environment in which it operates, a good marketer can identify potential opportunities. Thus option B  is correct.

<h3>What is a Customer?</h3>

A customer refers to an individual who purchases the product he may or may not be the consumer as the consumer is the person who is the end user of any product and utilize it.

Customers are the key elements of any busines, fulfilling customers' needs and desires will result in better customer satisfaction and helps business to identify potential opportunities to grow and seek improvement.

Therefore, option B is appropriate.

Learn more about Customers, here:

brainly.com/question/13735743

#SPJ4

The complete question is By paying close attention to customer needs and continuously monitoring the environment in which it operates, a good marketer can?

Avoid cognitive dissonance

identify potential opportunities

Divide Geration

8 0
2 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3
svet-max [94.6K]

Answer:

The answers are:

A) Using FIFO, the inventory cost is $11,700

B) Using LIFO, the inventory cost is $7,500

C) Using ACV, the inventory cost is $9,435

Explanation:

<u>Date</u>              <u>Units purchased</u>     <u>Unit price</u>         <u>Total purchase</u>

Jan. 1              2,500 units            $5 per unit           $12,500

Feb. 17            3,300 units            $6 per unit           $19,800

July 21            3,000 units            $7 per unit           $21,000

Nov. 23          1,200 units             $8 per unit           $9,600

TOTAL           10,000 units                                        $62,900

At December 31, 1,500 units were left in the physical inventory

  • Using FIFO, the inventory cost is $11,700 [= (1,200 units x $8 per unit) + (300 units x $7 per unit)]
  • Using LIFO, the inventory cost is $7,500 (= 1,500 units x $5 per unit)
  • Using ACV, the inventory cost is $9,435 [= ($62,900 / 10,000 units) x 1,500 units]
5 0
3 years ago
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