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sweet-ann [11.9K]
2 years ago
13

Check your Understanding

Business
1 answer:
8090 [49]2 years ago
4 0

Answer:

1. B

Because we all need to improve on areas involving management

2. A

3. Business plan

4. A

5.B

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Ospry Company has working capital in the amount of $ 1,240,000 . For the following transactions, determine whether working capit
chubhunter [2.5K]

Purchasing inventory increases your accounts payable and the inventory balance. Trade payables are part of current liabilities and inventories are part of current assets. Both the balance of current assets and current liabilities will increase and the net effect on working capital will be zero. Therefore, working capital remains the same.

Cash in bank accounts and cash, including unpaid customer checks. Securities such as US Treasury bills and money market funds. A short-term investment that the company plans to sell within one year. Accounts receivable are less a provision for accounts receivable that are unlikely to be paid.

In short, working capital is the money available to meet current short-term obligations. To ensure your working capital is working effectively, you need to calculate your current situation, anticipate your future needs, and consider how to ensure you always have enough cash.

Learn more about working capital at

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6 0
1 year ago
EB11.
Natasha2012 [34]

Answer:

The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.

Debit   Processing Department (WIP Asset)      $ 25,000

Credit  Factory Wage (Liability)                           $ 25,000

The journal entry to record the factory wages of $15,000 incurred in the production department.

Debit   Production Department (WIP Asset)      $ 15,000

Credit  Factory Wage (Liability)                           $ 15,000

Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.

3 0
3 years ago
Customers at Carat, a premium jewelry store, are encouraged to make an appointment before a visit so that a customer service rep
bearhunter [10]

Answer:

These are the options for the question:

A) self-service retailer

B) off-price retailer

C) full-service retailer

D) supermarket

E) convenience store

And this is the correct answer:

C) full-service retailer

Explanation:

A full-service retailer is a retailer that accompanies the customer in every step of the buying process: from checking the products, to choosing one, to selecting a payment options.

The idea of a full-service retailer is to provide added-value tu the customer in every step, so that the sale is more likely to be closed, and also so that the customer is more likely to go back to the store, due to the good experience he was provided with.

5 0
3 years ago
Which of the following statements is false in regards to budgets?
allochka39001 [22]

Answer:

A. Budgets must measure a year in length

Explanation:

Budget periods are based on organisation goals or targets for a period of time. Budgets, which are estimates of income and expenses, can be prepared for a specified period of time e.g a year, a month, a week, five years etc. This makes option A incorrect.

In order to set realistic budgets, adequate research and review of past performance is required to set attainable goals for the organisation. Furthermore, for budgets to be effective, a sound organizational structure that clearly demarcates roles and responsibilities should be in place in order to meet the set goals. Therefore options B, C and D are correct.

4 0
2 years ago
In a strategic alliance, one company in the agreement benefits more than the other. group of answer choices true false
Svetlanka [38]

The given statement exists true. An agreement between two or more parties to achieve a certain set of agreed-upon goals while still operating as autonomous organizations are known as a strategic alliance.

<h3>What are Strategic alliances?</h3>

A strategic alliance is an agreement between two businesses to work together on a project that will benefit both parties while maintaining their individual freedom. Compared to a joint venture, which involves two companies pooling resources to form a new business organization, the arrangement is less intricate and legally enforceable.

Strategic alliances are not a fix-all for every business and circumstance. However, through strategic alliances, businesses can strengthen their market position, enter new markets, add necessary talents, and split the cost and risk of large-scale development initiatives.

To learn more about Strategic alliances refer to:

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5 0
2 years ago
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