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Daniel [21]
3 years ago
13

Is there a trade-off between standardization and innovation? how are the two related in most companies?

Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
5 0
Standardization and innovation play critical roles in the development of goods and services. Standardization allows for a stabilized starting point in which to move forward and develop other goods and services which is related to innovation. Standardization provides stability, a known factor which can be relied upon, whereas innovation is riskier and may not come to be successful endeavor. However, like all risk, that is the payoff for the investment in innovation, for if the innovative good or service can be successfully brought to market, the dividends for a payout can be well worth it.
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Governments at the federal, state and local levels enact laws that influence consumer behavior in all of the following ways, exc
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All of the following ways that consumer behavior is influenced by laws that are passed by federal, state, and municipal governments, with the exception of, providing incentives to purchase specific brands over others.

<h3>What are the many governmental levels?</h3>

The federal government, state governments, and municipal governments are the three tiers of governance in the United States.

The U.S. Constitution grants Congress, the President, and the Federal courts, respectively, the authority to act as the legislative, executive, and judicial departments of the federal government. Three branches make up the federal government, which is the main and highest level of government in the US.

The first tier or level of democratic government is the Panchayati Raj system. Since the members of the Gram Sabha chose the Panch and the Gram Panchayat, they are accountable to the Gram Sabha.

To learn more about governmental levels, refer to?

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5 0
11 months ago
Why do you have a social security card if you're socially insecure?
nlexa [21]

Answer:

So we can be hot ️‍

7 0
3 years ago
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​evan, a manager, strongly believes in the concept of power sharing. therefore, evan is most likely to _____.
garik1379 [7]
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8 0
3 years ago
At the beginning of 2017, Miyazaki Company's Accounts Receivable balance was $105,000, and the balance in Allowance for Doubtful
madam [21]

Answer:

Miyazaki Company

a. Analysis of transactions:

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off =   $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

b. a) Bad Debt Expense = $18,900

   b) Bad Debt Expense = $14,820

c. Net Realizable Value of Accounts Receivable on December 31:

                                                             a)                      b)

Unpaid balance for the year       $229,500      $229,500

Allowance for doubtful accounts    (18,900)          (14,820)

Net Realizable Value =                $210,600        $214,680

d. The recognition of bad debts expense does not have any direct effect on the net realizable value.  It is the Allowance for doubtful accounts that has a negative effect on the net realizable value.

The write-off of accounts reduces the net realizable value by $3,000.

Explanation:

a) Data and Calculations:

Beginning balances:

Accounts receivable = $105,000

Allowance for Doubtful Accounts = $1,950

Sales in 2017 = $787,500

Credit Sales = $630,000 (80% of $787,500)

Total collections on account = $502,500

Uncollectibles written off =   $3,000

Unpaid balance for the year = $229,500 ($105,000 + $124,500)

Bad Debts Expense = $18,900 ($630,000 * 3%)

Allowance for Uncollectibles = $13,770 ($229,500 * 6%)

a) Allowance for Doubtful Accounts:

Account Titles               Debit        Credit

Beginning balance                        $1,950

Accounts receivable  $3,000

Bad Debts Expense                      18,900

Balance                       17,850

b) Allowance for Doubtful Accounts:

Account Titles               Debit        Credit

Beginning balance                        $1,950

Accounts receivable  $3,000

Bad Debts Expense                      14,820

Balance                       13,770

6 0
2 years ago
1. Compute (a) the cost of goods purchased and (b) the cost of goods sold.
Cerrena [4.2K]

Answer and Explanation:

1. The computation is shown below:

(a) For the cost of goods purchased

Purchases                                      $260,000

Add: Merchandise freight-in        $10,000

Less: Purchase returns

and allowances                       $(11,000)

Purchase discounts               $(9,000)

Cost of goods purchased         $250,000

(b) For the cost of goods sold

Merchandise inventory, January 1, 2011     $45,000

Add: Cost of goods purchased             $250,000

Goods available for sale                     $2,95,000

Less: Merchandise inventory,

December 31, 2011 $                                  ($52,000)

Cost of goods sold                               $243,000

2. Now the preparation of the income statement is presented below:

<u>Marvin department store </u>

<u>Income statement </u>

<u>year ended December 31, 2017 </u>

<u>(In thousands) </u>

Revenues                                           $320,000

Less:

Cost of good sold (see above)         ($243,000)

Gross Margin                                       $77,000        

Less:

Operating costs:  

Marketing and advertising cost         ($24,000)

Shipping of merchandise to customers (2,000)

Building depreciation                              ($4,200)

General and administrative costs          ($32,000)

Total operating cost                              ($62,200)

Operating income                                 $14,800

6 0
3 years ago
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