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3 years ago

The BEST example of a company resource is

Business

1 answer:

kumpel [21]3 years ago

5 0

Answer:

The correct answer is letter "A": having proven technological expertise and an ability to churn out new and improved products on a regular basis.

Explanation:

Resources are all those components that organizations use for production. Mostly known as the factors of production they are:

Land: physical territory where the company handles its operations including its raw materials.
Capital: monetary resources, machinery, technology, and buildings. Social and intellectual capital.
Labor: people performing physical and intellectual work.
Entrepreneurship: innovation to use the land, capital, and labor at its maximum level possible.

Therefore, technology is a source useful for production from where companies can create other goods. Combined with expertise it could represent a competitive advantage that allows firms to outstand.

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Swifty Company has just received the August 31, 2020, bank statement, which is summarized below.

OverLord2011 [107]

Answer:

A. Correct cash balance $15,396

Correct cash balance $15,396

B. Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

Explanation:

A. Preparation of a bank reconciliation dated August 31, 2020

Bank reconciliation

Balance as per bank statement august 31, 2020 11,170

Add Cash on hand $428

Add Deposit in transit $5,248

Less: Outstanding checks ($1,450)

Correct cash balance $15,396

Balance as per books august 31, 2020 (13,879+48,335-48,208) $14,006

Add: note and interest collected $1,436

Less:Bank service charges ($28)

Less Understated for supplies ($18)

($165+$147)

Correct cash balance $15,396

B. Preparation of the adjusting entries.

Aug 31 2020

Dr Cash $1,436

Cr Notes receivable $1,381

($1,436-$55)

Cr Interest revenue $55

Aug 31, 2020

Dr Bank service charges $28

Cr Cash $28

Aug 31, 2020

Dr Supplies expenses $18

Cr Cash $18

($165+$147)

5 0

3 years ago

Support department cost allocation—comparisonBecker Tabletops has two support departments ( Janitorial and Cafeteria) and two pr

Helen [10]

Answer:

a. The most support department cost is allocated to assembly department

b. The most support department costs under the sequential method is allocated to cutting department

c. The most support department costs under the reciprocal services method is allocated to Cutting department .

Explanation:

a. Allocated costs to cutting department = $62000 + $126,750 = $188,750

Allocates costs to assembly department = $248,000 + $42,250 = $290,250

Conclusion: The most support department cost is allocated to assembly department

b. Allocated costs to cutting department = $31,000 + $243,000 = $274,000

Allocates costs to assembly department = $124,000 + $81,000 = $205,000

Allocates costs to cafeteria department = $155,000

Conclusion: The most support department costs under the sequential method is allocated to cutting department .

c. Allocated costs to cutting department = $38,200 + $216,000 = $254,200

Allocates costs to assembly department = $152,800 + $72,000 = $224,000

Conclusion: The most support department costs under the reciprocal services method is allocated to Cutting department .

3 0

3 years ago

A company sells q ribbon winders per year at $p per\ribbon winder. The demand function for ribbon winders is given by P=300−0.02

Harrizon [31]

Answer:

0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Explanation:

P=300−0.02Q

Make q the subject of the formula by dividing through by 0.02

50P = 15,000 - Q

Q = 15,000 - 50P

Differentiate the above equation

$\frac{dp}{dq} = -50$

Determine the value of q when p is 70

Q = 15,000 - 50(70) = 11,500

Elasticity = $[\frac{p}{q} . \frac{dp}{dq} ]$

[ $\frac{70}{11500} . -50]$ = 0.30

Demand is inelastic and an increase in price would lead to an increase in total revenue

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

3 0

3 years ago

The logistics/supply chain network transformation team _____________________________. a. must be aware of the firm's overall bus

valina [46]

Answer:

a. must be aware of the firm's overall business and corporate strategies and the supply chain in which it participates.

Explanation:

A logistics/supply chain network transformation team should not only be knowledgeable about the specifics of the supply chain of the firm, but also about the firm's overal business strategy, in order to devise its own logistics/supply chain network transormation strategy, that is coherent with the general corporate strategy, and that improves upon it at the same time.

6 0

3 years ago

Which three factors make starting a business a highly risky investment?

melisa1 [442]

Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.

3 0

3 years ago

Read 2 more answers