Answer:
No net effect on the accounting equation.
Explanation:
Given that,
On January 1, Products sold to a customer on account = $30,000
On January 10, Cash collected from a customer = $30,000
Accounting equation is as follows:
Assets = Liabilities + Stockholder's equity
On January 10,
The cash of $30,000 is received from the customer which increases the assets by $30,000 and reduces the accounts receivable by $30,000 which is also a part of assets. Therefore, there is no change or impact on the accounting equation.
Answer:
business plan
Explanation:
- A business plan is a written overview of the future of your business, showing you what to do and how to do it.
- When you write a section explaining your business strategy on the back of the envelope, you have written a plan or at least somebody's gem.
- Business plans are inherently strategic.
so correct answer is business plan
Answer: Co-creation process.
Explanation:
A co-creation process is basically refers to the designing process various types of products and the services in an organization where the customer plays an important role in the form of input in the system.
The co-creation process majorly focuses on the consumer experience and the relationship with the customers.
The one of the main step that involve in the process of the co-creation process is that it select the best contribution from the users and then it used in the products and the services in an organization.
According to the given scenario, the clod storage software is an organization that shows the early version of the software to the customer for make changes based on the users feedback.
Therefore, Clouds storage solution is using the co-creation process.
Answer:
All answers are correct except Money Supply
Explanation:
Fiscal policy affects aggregate demand through government spending and taxes. Government may increase taxes to increase revenue or discourage the consumption of a product. On the flipside, they may reduce taxes to stimulate spending, redistribute income, increase aggregate demand among other objectives.
Money supply is a monetary policy and it is used by the central bank to achieve certain objectives (reduce inflation, stimulate growth, increase demand, etc.)
Government spending is a fiscal policy that government uses to achieve a set of objectives (i.e. to supply goods and services that are not provided by the market or private sector – construct bridges, provide health facilities, social programmes for the poor among others).
Taxes – Tax is a fiscal policy tool used by the government to generate revenue, encourage or discourage the consumption of certain products or affect aggregate demand through income redistribution.
Trade policy could be in the form taxes (i.e. tariffs, import duties, custom duties among others). Trade policy is a fiscal policy as government can use it to control aggregate demand by placing embargo on the importation of certain products to reduce the demand of such products in the local economy.
The ways by which an organization could improve its risk management are shown below.
<h3>
Ways by which an organization could improve its risk management:</h3>
(A) Think broadly about your supply chain -
- The network of people, businesses, resources (knowledge, public utilities, materials, services, etc.), processes, and technology used to create and market a good or service is known as a supply chain.
- This definition's broad strokes provide a thorough method for developing a matrix that improves supply chain visibility.
(B) Improve supplier auditing -
- Consider including significant contract clauses and auditing procedures in important contracts after identifying and prioritizing vital suppliers.
(C) Increase supplier diversity -
- The pandemic destroyed many minority-, women-, and veteran-owned businesses because they were unable to meet client demand when their supply chains broke down or came to a standstill.
(D) Clean up siloed tech suppliers -
- Without a doubt, technology is crucial to supply chain management.
- While having a variety of technology platforms and tools to support your operations is frequently required, purchasing technology in a silo might jeopardize an organization's logistics.
(E) Put supply chain trends in the right context -
- Although there is no dearth of articles on new supply chain management trends, many could not have predicted the geopolitical environment of today, which includes an invasion in Europe, skyrocketing oil prices, and the onslaught of ransomware attacks that are causing supply chains to break down on a daily basis.
Therefore, the ways by which an organization could improve its risk management are given.
Know more about the supply chain here:
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