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weeeeeb [17]
3 years ago
7

A group of businesspeople meet in order to solve the problem of decreased sales of their company's products. One of them suggest

s that they generate as many ideas as they can in a short period of time without being critical of any of them. This technique of stimulating divergent thinking is called ________. brainstorming keeping a journal free writing mind or subject mapping
Business
1 answer:
san4es73 [151]3 years ago
7 0

Answer:

Brainstorming

Explanation:

Brainstorming is problem solving technique in which people of diverse skill gather together and discusses together the problem to collectively design best possible solution.  

In brainstorming following steps are followed

• Each one come up with their ideas and solution

• All ideas and solution are accepted and not criticized.

• Best possible ideas are selected out of them

• They are modified by refining and combining them

• Finally best alternative solution is unanimously selected by all

Brain storming is done to  

• Generate sense of collective responsibility and accountability

• Encourage creativity and design thinking

• Foster unity and group learning

Since in the problem statement all the step of brainstorming is being followed like meeting of group of people, coming up with different ideas .

Answer should be brainstorming

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Bluestone Company had three intangible assets at the end of the current year:
ra1l [238]

Answer:

Bluestone Company

a. The acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. The amortization of each intangible asset for the current year ended December 31:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

c. Balance Sheet as of December 31, of the current year:

Intangible Asset:

a. Patent                     $3,600

b. Trademark               8,000

c. Licensing Rights   90,000

Total Intangible      $101,600

less amortization       15,300

Net book value      $86,300

Income Statement for the year ended December 31 of the current year.

Amortization Expenses:

a. Patent                      $300

c. Licensing Rights $15,000

Explanation:

a) Data and Analysis:

a. Patent $3,600 Cash $3,600

b. Trademark $8,000 Cash $8,000

c. Licensing Rights $90,000 Cash $90,000

a. Acquisition cost of each intangible asset:

a. Patent $3,600

b. Trademark $8,000

c. Licensing Rights $90,000

b. Amortization of each intangible asset:

a. Patent $3,600/12 = $300

b. Trademark $8,000 indefinite life $0

c. Licensing Rights $90,000/6 = $15,000

8 0
2 years ago
Sam Peters is the sole proprietor of Charismatic Cats​, a business specializing in the sale of​ high-end pet gifts and accessori
deff fn [24]

Answer:

Charismatic Cat's Income Statement for the recent year:

Sales $1,060,000

Less Cost of Sales: $662,200

Gross Profit = $397,800

Less Selling & Administration - $114,700

Net Income - $283,100

Explanation:

a) cost of goods sold includes opening inventory plus purchases, including freight-in, less closing inventory:

Beginning Inventory - $19,800

Purchases - $636,000

Freight-in - $19,500

Less Closing Inventory - $13,100

b) Selling and Administration expenses include the cost of website maintenance, cost of shipping and wrapping boxes, and marketing.

c) Cost of goods sold is deducted from the sales to arrive at the gross profit, which compares the sales income with the sales cost.

d) Net income is a sum of gross profit less all the marketing, selling, and administration expenses incurred in running the business.  This figure represents the gain made from being in business.

Administration - Website maintenance - $53,000

Selling Expenses - $61,700 (marketing - $33,200 + Wrapping box & shipping- $28,500)

3 0
3 years ago
If you wanted to build a structure on a river bank, you should build the structure __________ to maximize its lifetime.
Marina CMI [18]

Answer:

Above the point bar

Explanation:

channelization

Straightened sections of the river channel are lined with concrete to increase the rate of flow and reduce bank collapse

Advantages of channelization

Improves rate of flow

Benefits transportation

Reduces bank collapse

6 0
3 years ago
ABC purchases inventory for $2,000 and incurs shipping costs of $100 for the goods to be delivered. To record this transaction,
Rus_ich [418]

Answer: 1. D) Assets are understated

2. D) Car dealers

Explanation:

1. The shipping costs to bring Inventory into a business are known as Carriage Inwards. This amount is to be debited with the Inventory as it is considered to be part of the cost of acquiring the inventory. By not putting this cost with the inventory, ABC is undervaluing the inventory account which is an Asset account. The Assets are therefore understated.

2. The Specific Identification Method of inventory valuation is based on each individual unit purchased or sold. It does not group items and tracks each item from the moment it is purchased to the moment it is sold so the cost of the specific inventory is known. This method is used more often by businesses that deal with easily identifiable items such as Jewellers and Car dealers because each car is big enough to be tracked individually.

6 0
3 years ago
Information in the Financial Statements A financial statement is a summary of all the financial transactions that have occurred
4vir4ik [10]

<em>Here's the remaining part of the question</em><em>:</em>

<em>Please analyze and place each item in the appropriate financial statement to which it belongs;</em>

<em> Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense,  Insurance expense, Net change in cash, Accounts Receivable</em>

<u>Explanation</u>:

1. Balance Sheet: Note that this financial statement usually shows the asset and liabilities of the firm's account for a particular period of time. These items are found:

  • Owner's equity,
  • Patents,
  • Long-term liabilities
  • Accounts Receivable
  • Land

2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;

  • Revenue,
  • Costs of Goods Sold,
  • Advertising expense,
  • Income tax,
  • Insurance expense,

3. Statement of cash flow

  • Net change in cash,

8 0
3 years ago
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