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balandron [24]
4 years ago
8

When don was faced with the problem of fixing the faucet in his kitchen, he suddenly realized that he didn't have to hire a cost

ly plumber but could fix it himself using a piece of rubber from an old inner tube. this example illustrates:?
Business
1 answer:
Aliun [14]4 years ago
3 0
This example illustrates INSIGHT. A person is said to have an insight when a solution to a problem present itself to him or occur to him suddenly. Insight refers to the sudden discovery of a perfect solution after trying unsuccessfully to fix a problem.
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How does a country's GDP help you determine if its economy is strong or weak?
IceJOKER [234]
The GDP means gross domestic product. When it increases then it means the economy is getting stronger or is already strong. If it decreases then it becomes weaker or is already weak.
8 0
3 years ago
Read 2 more answers
Haley is a corporate certified public accountant (CPA) working on a new budget. When she lists the company’s liabilities, which
pshichka [43]

Answer:

None of the listed items would fall under the category of a liability

Explanation:

A liability is a present obligation that entails an outflow of economic resources (e.g cash) to settle. For an item to be classified as a liability it must relate to an event that had happened (i.e in the past) and not the future.

Computer software is likely an asset of a company. The payment for same, if not made already, can then be a liability.

Owners' equity is a contribution by the owner to further the business objectives.

Marketable securities are assets of the company, precisely current assets since it is assumed that they can be convertible to cash in a short while.

Employees' wages and salaries are expenses. It is only when they have not been paid as at when due i.e when the performance obligation has been satisfied (e.g workers have worked for a full month to which the salary relates) that it becomes a liability.

8 0
3 years ago
Eliza took her car to her regular mechanic, who had a private business. The mechanic often advertised on billboards, writing "Re
AysviL [449]

Answer: a) The court found that the advertisements were not inherently misleading. However, it did find that regulating the advertisement in question was more extensive than necessary to protect the public interest.

Explanation: An advertisement is a notice or action promoting a product or service and soliciting patronage.

When there is no regulation of an advert, abuse is expected. Protecting the public interest is important as advertisement may be misleading if there are no extensive rules.

In a situation whereby the mechanics advertisement was found not to be inherently misleading, a different verdict may have been given.

4 0
3 years ago
Read 2 more answers
If a company purchases plastic that they will melt and form into milk jugs that they will then sell to milk plants, the cost of
Alinara [238K]

Answer:

D : cost of goods sold

Explanation:

The plastic are used to build the milk jugs that are used to sell milk . So  the cost of them is part of the goods sold since withouth the sell of the milk , the jugs won't exist

6 0
3 years ago
Kumaran Pillay has a vegetable stall at the Suva Market. His business has been plagued with under-stocking and over-stocking pro
spayn [35]

Answer:

1) Using the 3 qualitative forecasting methods

Executive opinions,

Delphi method,

Salesforce polling.

2) Using the 2 quantitative forecasting methods:-

The straight-line method,

The average approach.

Explanation:

1) Using the 3 qualitative forecasting methods

Executive opinions- In this method, he could seek subjective views from experts concerning his sales. this might be viewed on his purchasing, finance, and future sales. However, it's utilized in conjunction with other quantitative forecasting methods so as to realize the simplest forecasts.

Delphi method- He could question a gaggle of experts about their views individually. they are doing not meet to avoid manipulation in judgments. Forecasts during this case might be compiled and analyzed by an external observer and returned to the experts for further questioning.

Salesforce polling- he could use this approach whereby he reaches bent people that are in touch with the regular customers and who can correctly predict the trends of the customers' consumption so as to offer him insights on how and when to restock counting on demand. This method is sweet for future forecasting since it gives the expected consumption trends of the purchasers that would be employed by the owner to make a decision on the quantity of inventory to stock in the future.

2) Using the 2 quantitative forecasting methods:-

The straight-line method- This is the only method of calculating future sales supported past data. It involves the utilization of a straight-line equation this measures the expansion or future predictions in sort of percentages. Here, past data is collected and a few analysis is completed to work out the trend that customers might adopt in their subsequent purchases. once they're known, the forecast on increasing or decreasing the inventory is predicated on percentage increase or reduction respectively. for instance, once demand is forecasted to grow, the vendor will decide the share they might order to hide the rise in demand.

The average approach- Here, the owner of a business conducts a mean of the past sales they need to be made to customers over a selected period. the most assumption is that the longer-term forecast is that the average of the past data. Since the owner has been making overstocking and understocking methods, it's assumed that the type of the orders is adequate to the longer-term forecast. for instance, if the owner decided within the past to order 100 units of a specific product and therefore the customers demanded quite 100 units maybe 150 units, there's an understocking decision. The owner might plan to increase subsequent stock to 200 units and at this point, the purchasers only demand 175 units making him to possess more stock than it had been required. On learning this concerning the market, the owner then decides to conduct a mean and order 150 units to require care of the overstocking and under-stocking problems.

5 0
3 years ago
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