Answer:
Not recorded
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.
An executory contract can be defined as a type of contract made between two parties in which the obligations have not been fully performed or executed. Thus, there exist an unperformed obligations on both parties involved in the contract. Also, in an executory contract the terms with respect to the contract are usually set to be completed or executed at a later date in the future.
Hence, as a result of the aforementioned unperformed obligations, executory contracts are generally not recorded.
Answer:
An example of an operational risk would be if a business were unable to meet
its sales orders because of the death of the company president
Explanation:
When death incur from the owner or incharge of such business it might affect the operations of such businesses but if all other factors has been put in place, it would enable the business to carry on even when the owner is dead.
Under a team-based new product development approach, company departments work closely together in cross-functional groups, overlapping the steps in the product development process to save time and increase effectiveness.
<h3>What is team-based new product development?</h3>
Team-based new-product development is a method for creating new products in which departments from the same organization collaborate closely in cross-functional teams, spanning the stages of the product development process to reduce time and boost efficiency.
The steps in the product development process are overlapped to reduce time and boost performance when using a team-based new product development method between company departments. Because departments collaborate closely in cross-functional teams, the team-based approach to new product development speeds up the process and boosts effectiveness.
- In order to overlap the processes in the product development process and reduce time spent on each step while increasing effectiveness, team-based new product development comprises several company departments working closely together.
- Developing a new product from scratch is known as new product development (NPD).
- Despite industry-specific variations, it can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization.
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Answer:
1.21
Explanation:
Current Ratio = Current Asset / Current Liabilities
= (Cash + Shortminusterm Investments + Net accounts receivable + Inventory) / Current Liabilities
= ( 46500 + 34000 + 102000 + 129000) / 257000
= 1.21
<u>P equals AFC</u> will not hold true for a competitive firm in long-run equilibrium.
<h3><u>How do you define a long-run equilibrium?</u></h3>
Over time, businesses might readily enter or leave a market that is only competitive. Additionally, pure competition presupposes that businesses and resources may be easily shifted in response to demand. Therefore, if businesses within an industry are making economic profits, more businesses will enter the market, bringing down the market price to the equilibrium price and quantity that only permits normal earnings.
If businesses are losing money, some will exit the market, which will decrease supply and raise prices, allowing the remaining businesses to turn a regular profit. The product's minimum average total cost (ATC) and long-term market price are equal. The long-run equilibrium in a market that is only competitive can be summed up as follows since providers will produce until marginal cost = market price:
Marginal cost plus average total cost equals market price.
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