Financial risk is the kind of risk connected to early-stage product developments that design thinking helps to reduce.
<h3>What is meant by risk?</h3>
Risk is the possibility of anything going wrong. It concerns the ambiguity surrounding the actions' consequences. Risk is the price a businessman pays to make money.
The risk connected to the organization's financial resources is known as financial risk. It appears during the product development process.
Therefore, it can be stated that financial risk is a type of risk that can be reduced by creative thinking when it comes to early-stage novel concepts.
Thus, Financial risk is the kind of risk connected to early-stage product development.
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Answer:
Explanation:
DATE Account AccountsPayable OfficeSupplies OtherAccounts
Credited credit debit debit
Apr. 4 Officemate $620 $610 no entry
Apr. 9 Tek Village $2,460 $2,460
Apr. 16Officemate $170 $170 no entry
Apr. 19 Paper to Go $250 $250 no entry
Apr. 30 Total $3,500 $1050 $2,460
b. Total amount posted / credited to accounts payable= $( 620+2,460 + $170 + 250) = $3500
Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050
What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?
$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.
The price elasticity of supply is a measure used in economics to show the responsiveness, or elasticity, of the quantity supplied of a good or service to a change in its price.
Answer: The correct answer is "E. A system of shared values about what is important and beliefs about how the world works".
Explanation: It can be defined as the specific collection of norms and values that are shared by people and groups in an organization and that control the way they interact with each other within the organization and abroad. In the organizational culture are the informal and unwritten regulations that guide the daily behavior of the members of an organization, behaviors that may or may not be aligned with the purpose of the organization.
Answer:
The answer is:
A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to 4.8 times, suggesting improvement in efficiency.
Explanation:
We have the current Inventory turnover = COGS / Inventory = 41,700/10,000 = 4.17 times
=> An 15% increase in the Inventory turnover will bring the Inventory turnover ratio to: 4.17 x 1.15 = 4.8 times;
Increasing in inventory turnover may be the result of higher sales ( thus higher COGS) or low level of inventory holding - thus limiting the resources spending on idle inventory. So, higher level of inventory turnover in someways suggesting improvement in efficiency.
