Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.
<h3>What is accounting system?</h3>
An accounting system is a collection of accounting operations with built-in controls.
Effective decision making through given accounting system are-
- This strategy would ensure that the business was completely aware of its daily sales and what the counter balance ought to be at any given moment.
- It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
- Since they are aware that the accounts are regularly audited, store staff would not want to take part in stealing from the cashier.
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Answer:
Scarcity or limited resources, is one of the most basic economic problems we face. We run into scarcity because while resources are limited, we are a society with unlimited wants.
Explanation:
Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.
The type of approach Misaki is using to determine her company's market potential is the breakdown approach, used to determine the size of sales forces needed in a company.
<h3 /><h3>Breakdown approach</h3>
Corresponds to a method used to identify an organization's sales force, through projections for future sales and past sales history.
Therefore, in the breakdown approach, the total sales value identified by the sales projection is divided by the sales generated by each sales professional, assuming that each one reaches the same level of productivity.
The correct answer is:
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Answer:
- <em>As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, </em><u><em>he can count on getting one of the jobs.</em></u>
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Explanation:
The hint is to use <em>Chebyshev’s Theorem.</em>
Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.
Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.
For this sample you have:
- mean: 60
- standard deviation: 6
- score: 84
The number of standard deviations that 84 is from the mean is:
- k = (score - mean) / standar deviation
- k = (84 - 60) / 6 = 24 / 6 = 4
Thus, the score of the person is 4 standard deviations above the mean.
How good is that?
Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:
- 1 - 1/4² = 1 - 1/16 = 0.9375
- That means that half of 1 - 0.9375 are above k = 4: 0.03125
- Then, 1 - 0.03125 are below k = 4: 0.96875
Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.
Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.
Answer:
The correct answer is letter "B": It is designed for efficiency and low cost by minimizing inventory and maximizing efficiencies in process flow.
Explanation:
Efficient supply chains aim to produce high-quality products by reducing manufacturing costs to maximize revenues. As part of the improvement, efficiency relies on reducing the waste of the production process or shipping the goods earlier than planned.
