The first step for Phoebe would be to carry out an audit of her longtime customers' finances.
- Phoebe needs to ascertain whether or not her customer uses an annual budget.
- If they don't she can take them through at the end of the exercise how to create and manage one
- Next, Phoebe must help her client to create a cash flow forecast that shows where she is and how she can get from there to where the business needs to be
- Accessing a flexible line of credit: If the business needs to get out of the cash flow problem, Phoebe may need to help them access credit that is favorable to the business
- Invoicing: Invoicing and receipting are critical to every business. customers must be invoiced quickly and accurately. They must also pay up as and when the invoice is due. Delayed payments can also put a business into cash flow problems. An audit will reveal which of Phoebes' client's customers are owing. Phoebe will also design a strategy to get them payback and promptly too.
- It is advisable for Phoebe to help her client design a credit system that encourages her client's customers to pay up quickly. One good idea would be to ensure that credit is only extended to long-time clients who have demonstrated consistency and faithfulness in their business dealings with the company.
- the second idea would be to ensure that all credit (cash receivable) do not exceed a particular number of days. If Phoebes client has 30 days to meet up with their own cash obligations, then her own clients must have paid up by then.
other factors to consider are:
- ask for favorable credit terms with her client's suppliers
- install a simple and effective accounting system in place.
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Answer:
Usually, the government can achieve the same outcome either by setting a price with a corrective tax or by setting a quantity with pollution permits for any given demand curve for the right to pollute. But If there is a sharp improvement in the technology for controlling pollution for any given demand curve for the right to pollute, the effect of this development is a change in the demand for tradeable pollution rights as illustrated below.
Explanation:
Trading pollution rights has opened up a thriving market system for its demand by firms that emit carbon di oxide and other forms of air/water pollution to the environment.
This is where the exchange of permits or "rights" to release pollution residuals into the environment takes place.
These pollution permits is be bought and sold in by industries and government respectively .
Prices would vary according to the forces of supply and demand The total number of permits would be based on the amount of permissible pollution residuals that can be safely released into the environment during a given period of time. These permits could be given away or auction off to potential polluters, in most cases the highest bidder.
Suppose there is a sharp improvement n Technology for controlling pollution such as
- industrial process machines that eliminates air pollution by collecting and recycling the harmful substance that should have escaped into the atmosphere for use or even for sale when the need for it has been discovered thereby reducing or controlling pollution.
- a mechanism that protects the environment by conserving and protecting natural resources while strengthening economic growth through more efficient production in industry and less need for households, businesses and communities to handle waste.
The demand for pollution rights will drastically reduce.
Answer:
Month incurred Amount October November December
$ $ $ $
October 240,000 144,000 96,000
November 256,000 153,600 102,400
December 228,000 136,800
144,000 249,600 239,200
The budgeted balance for accounts payable at October 31 is $96,000, which is the 40% of purchases not realized in October.
Explanation:
Purchases for each month are settled 60% in the month of purchases and 40% in the month following purchases. 60% of October purchases are settled in October while 40% are settled in November.
Answer:
e) capacity requirement planning
Explanation:
Based on the information provided within the question it can be said that the term being mentioned is called capacity requirement planning. Like mentioned, this term refers to the process that a company undergoes in order to calculate how much of something it needs to achieve a goal and whether or not it is feasible. Which can also be used regarding work schedules like in this scenario.
Answer:
the variable cost comes out to be $740
Explanation:
given,
labor per pizza = 4$
ingredients per pizza= 3$
electricity cost per pizza = .40$
restaurant rent per month = 2000$
insurance per month = $450
pizza produced per month = 1,000
variable cost per pizza = labor cost + ingredients cost + electricity cost
variable cost per pizza= 4$ + 3$ + .40$
= 7.4$
variable cost per month = 1000 × 7.4$
= 740 $
hence the variable cost comes out to be $740.