Answer: Joint Venture
A Joint Venture is a business entity that is created when two or more corporations pool in their resources for a specific project.
The corporations that are a part of the Joint Venture share the governance, risks and rewards of the joint venture.
In a Joint venture the corporations who come together to form a joint venture retain their distinct entities.
Answer:
1. The major issue in the process is the lack of communication between different parties. The process being manually driven, might affect the customer satisfaction and lead to lost sales. The changes which need to be made is to make available the price information of different items at once, when the customer comes in to place an order. This can be made possible by asking the suppliers to send the updated sheet every morning before the day's business begins. It will be better if the entire uncatalogued as well as the price sheet is in electronic form, which can be updated immediately, as soon as the information is received from supplier in the morning. One better alternative is to connect the suppliers through an ERP so that their price might reflect at the company's end as soon as it is updated, It will reduce much hassle and mistakes that might creep in due to manual process.
2. a. The number of customers leaving per day / week to competitors due to inefficiency.
b. Total average delay in customer's order.
c. Customer satisfaction rating of the process as this will give the overall picture of customer's opinion about the company.
3. The information system might enable the suppliers to update their information each day which can then be used by the company reps to find out the right price of an item and enable him /her to provide the estimate immediately, leading to greater customer satisfaction, reducing the lost sales and eliminating the chances of a wrong quote being given.
Answer:
90%
Explanation:
According to the study of over 12,000 employees, it is found that 90% has engaged in the workplace with respect to the misbehaviors in terms of goldbricking, sick time abuses, or fraud at lease one time
here goldbricking means working less as your capability as they are more focused to do a personal task
So the correct answer is 90%
Answer:
$15,850
Explanation:
Particulars Amount
Sales revenues, each year $40,000
Less : Depreciation $10,000
Less : Other operating costs <u>$17,000</u>
EBIT $13,000
Less : Interest expense <u>$4,000</u>
EBT/PBT $9,000
Less: Tax at 35% <u>$3,150 </u> ($9,000*35%)
PAT $5,850
Add: Depreciation <u>$10,000</u>
Cash flow after taxes <u>$15,850</u>
Revenue Recognition Principle
An accounting principle that states that a company should record revenues when they provide goods and services to customers.
