Answer:
At its core, problem solving is a methodical four-step process. You may even recall these steps from when you were first introduced to the Scientific Method.
First, you must define the problem. What is its cause? What are the signs there's a problem at all?
Next, you identify various options for solutions. What are some good ideas to solve this?
Then, evaluate your options and choose from among them. What is the best option to solve the problem? What's the easiest option? How should you prioritize?
Finally, implement the chosen solution. Does it solve the problem? Is there another option you need to try?
Explanation:
Creative Problem Solving Techniques
Separate ideation from evaluation. When you brainstorm creative ideas, have a separate time for listing it all down. Focus on generating lots of ideas. Don't prioritize or evaluate them until everything is captured.
Judging will shut it down. Nothing stops the flow of creative ideas faster than judging them on the spot. Wait until the brainstorming is over before you evaluate.
Restate problems as questions. It's easier to entice a group into thinking of creative ideas when challenges are stated as open-ended questions.
Use "Yes and" to expand ideas. Here's one of the basic tenets of improv comedy. It's way too easy to shut down and negate ideas by using the word "but." (i.e. "But I think this is better...") Avoid this at all costs. Instead, expand on what was previously introduced by saying "Yes, and..." to keep ideas flowing and evolving.
Answer:
An <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Explanation:
Financial statements refers to a statement that that provides formal records of all financial activities and standing of a company or any entity in a structured and easily understandable manner.
For each item of financial statement, an account is kept with the aim of giving a an accurate record of all business activities that are germane to that specific financial statement item.
The purpose of a general ledger is to show individual transactions and resulting account balance of each account of a company as a single collection.
Therefore, an <u>account</u> is maintained for each financial statement item, whereas a(n) <u>general ledger</u> contains all of the accounts of the company.
Answer:
a) 10,000 free trade credit
b) Costly trade 6.466,67
c) yearly cost 38,800
d) Yes as the total cash outflow to purchase the goods is lower using costly trade
e) The complete amount as it reduces the cashflow needed for the acquisition of the goods
Explanation:
principal x rate x time = interest
Where rate and time should be expressed in the same metric thus, we express the 60 days as portion of a year
500,000 x 0.12 x 60/360 = 10,000 free trade credit
<em><u>costly trade:</u></em>
500,000 x 0.97 = 485,000
485,000 x 0.12 x 40/360 = 6.466,67
cost per year: the cicle repeats every 60 days thus, 6 times per year:
6,466.67 x 6 = 38.800
total financial outflow:
with free credit: 500,000
with costly trade: 485,000 + 6,466.67 = 491.466,67
As the costly trade generated a lower cash flow it should take this path
Answer:
The amounted contributed to U.S.GDP is $2 million
Explanation:
First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.
On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m
Answer:
The correct answer is letter A. They made their central banks politically independent.
Explanation:
Central banks have become independent in developed countries due to their macroeconomic stability. Thus, to maintain it, the independence of the Central Bank was adopted, and this measure would have greater control of the issuance of money by the government to finance its spending. In this sense, the independence of the Central Bank removes the influence of parliament from monetary policy decisions, and also removes the influence on managers, with parliament only overseeing, making management more technical.
