Answer:
a) become certified in ISO 9000 standards
Explanation:
Currently, the European Union requires companies that have businesses within their borders, to comply with ISO 9000 quality standards
During a liquidation, capital deficiency means that at least one partner has a (debit/credit) balance in his or her capital account at the point of final cash distribution, which means that debit ( deficiency means partner has debit in capital).
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What is liquidation of capital ?</u></h3>
- In the fields of finance and economics, liquidation refers to the process of closing down a firm and distributing its assets among claimants.
- It is an occurrence that typically takes place when a business is bankrupt, or unable to make its debt payments on time.
- As business activities come to an end, the residual assets are distributed to shareholders and creditors according to the order of priority of their claims. General partners might be dissolved.
- The sale of subpar goods at a price below what it would cost the company to produce them or below what the company would want to charge is referred to as "liquidation."
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Answer:
name, address, work, past knowledge,,,
Answer:
$7,500
Explanation:
last quarter production was 1,000
production for the next four quarters:
- 900 ⇒ so 100 will be fired = 100 x $5 = $500 firing costs
- 700 ⇒ so 200 will be fired = 200 x $5 = $1,000 firing costs
- 1,000 ⇒ 300 will be hired = 300 x $20 = $6,000 hiring costs
- 1,000 ⇒ no one will be fired or hired
total firing and hiring costs = $500 + $1,000 + $6,000 = $7,500
When a firm pursues a chase strategy, it means that they are following the quantity demanded which is set by the market. They only follow the demand, they do not attempt to increase or decrease it.
Answer:
Consider the following explanation
Explanation:
Mentioned below benefits we can obtain from a effectively managed budget:
- Budget compels and motivates management to make an early and timely study of its problems. It generates a sense of caution and care, and adequate study among managers before decisions are made by them.
- Budget provides a valuable means of controlling income and expenditure of a business as it is a “plan for spending.”
- Budget provides a tool through which managerial policies and goals are periodically evaluated, tested and established as guidelines for the entire organization.
- Budget helps in directing capital and other resources into the most profitable channels.
- Budget enables management to decentralize responsibility without losing control of the business. It reveals weaknesses, inefficiencies, deviations in the organization very promptly which can be checked immediately to achieve a desired goal.
In Contrast there are below demerits an organization will suffer for budget if the budget is not accomplished effectively:
- Planning, Budget or forecasting is not an exact science; it uses approximations and judgment which may not be fully accurate. At best, a budget is an estimate; no one knows precisely what will happen in the future.
- The success and utility of Budget depends on the cooperation and participation of all members of management. All persons should direct their efforts according to the plan. The top management also should adhere to the budget and provide cooperation. Many a time Budget has failed because executive management has paid only lip service to its execution.
- A budget is only a tool and neither eliminates nor takes over the place of management. A budget cannot be substituted for management but should only be used by management for accomplishing managerial functions. Executives generally feel “circled in” by a budget and its related figures. They fail to understand that budget is meant to provide detailed information, goals and targets which may help them in achieving the company objectives
- The establishment of a Budget process took time. Also, sometimes too much is expected from a budget and in case expectations are not fulfilled, the blame is put on the budget. An efficient Budget programme requires that responsible persons should understand the philosophy, objectives and essentials of Budget.
- Excessive emphasis on Budget may result in attempts by lower level management and employees to buck the system by providing inaccurate estimates of future costs and revenues, and by failing to take advantage of changes in the environment because to do so would result in a deviation from plan, they would be considered as operating contrary to the budget. Under an unbalanced budget programme, employees will tend to overestimate costs and underestimate revenues, thus creating budget slack.