Inputs are raw materials, human resources and energy required by an organization.
<h3>What is an input?</h3>
Inputs are any resources used to create goods and services. They are the resources used in completing a task and typically include time and efforts.
For a business to be able to manufacture goods and services, such must have what is called input because the input joined together will bring about final output.
Examples of inputs include:
- Labor
- Fuel
- Materials
- Buildings.
Therefore, Raw materials, human resources, energy, equipment, financial resources, and information are inputs for an organization.
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Answer and Explanation:
The Journal entries are as follows:
On January 1
Petty cash Dr. $140
To cash $140
(Being the petty cash fund is recorded)
On January 8
Postage expense Dr. $47
Merchandise inventory Dr. $12
Delivery expense Dr. $14
Miscellaneous expenses Dr. $36
To Cash $109
(Being the reimbursement of the petty cash fund is recorded)
On January 8
Petty cash Dr. $450
To cash $450
(being the increase in petty cash fund is recorded)
Only these three entries are recorded
In medisoft, the charge transaction area entry dialog box is used to enter a fee for a NSF, and what area is used to enter bounced check.
A financial transaction is an agreement or communication between a buyer and a seller to exchange goods, services, or assets for payment. All transactions involve changes in the financial status of two or more companies or individuals.
Transactions are business events that have a monetary impact on a company's financial statements and are recorded as entries in the books of accounts. An example of a transaction is paying a supplier for services rendered or goods delivered.
Based on cash transactions, there are three types of accounting transactions: cash transactions, non-cash transactions and credit transactions.
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Answer:
1. The relationship between customer and Online - One to one
2. The relationship between customer and Satisfaction - One to many
3. The relationship between online and visits - Many to many
4. The relationship between Visits and satisfaction - Prototype
Explanation:
The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.
Answer:
The correct option is B. Lower the price because demand for the good is elastic.
Explanation:
Own price elasticity of a product can be described as the degree of the responsiveness of the quantity demanded of a product to its own price.
Own price elasticity of a product can be calculated as the percentage change in the quantity demanded of a product over the percentage change in the price of the product.
When the own price elasticity of a product is greater than 1, it implies that the demand for the good is elastic and that the percentage change in the quantity demanded is higher than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to lower price.
When the own price elasticity of a product is less than 1, it implies that the demand for the good is inelastic and that the percentage change in the quantity demanded is lower than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to increase price.
When the own price elasticity of a product is equal to 1, it implies that the demand for the good is unitary and that the percentage change in the quantity demanded is equal to the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to leave the price unchanged.
Since the own price elasticity of the product which the firm manufactures of 3.5 is greater than, it implies that based on the explanation above the correct option is B. Lower the price because demand for the good is elastic.