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telo118 [61]
3 years ago
12

During the recent economic downturn, your community has experienced unemployment rates of approximately 9%. What can be done to

mitigate the effects of the financial impact to your organization
Business
1 answer:
svlad2 [7]3 years ago
7 0

Answer:

Reducing the expenditures of the organization by cutting the cost in order to balance or be stable in the economic depression is the most important strategy so far.

Explanation:

Remedies to mitigate the effects of the financial impact to your organization caused due to economic downturn:

Reducing the expenditures of the organization by cutting the cost in order to balance or be stable in the economic depression is the most important strategy so far. Let's see how.

As we know the basic formula of financial management.

Financial Statement = Income + Expenditure.

Obviously, in the time of economic downturn or depression, the first thing and the most important thing is to cutting the unnecessary cost. To be in financial equilibrium, organization has to reduce its manpower. Reduce the defects as much as possible. Reduce wastage as much as possible. Lower the utility bills by reducing the use of unnecessary devices. Promotion of human resources and benefits plus bonuses must be held in abeyance in this difficult time. In this whole scenario, group leaders and higher authorities playing the role of leaders of the organization has the utmost responsibility to bring their employees and staff in confidence.  As a result, organization will undoubtedly survive the wave of depression in the long run.

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On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer tha
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"Yes" will be the correct response.

Explanation:

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A Cajun trinity, used in many Louisiana Creole and Cajun dishes such as gumbo, contains
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6 0
3 years ago
Jones Company incurred the following costs while producing 100 chairs: Units produced 100 chairs Direct materials $10 per unit D
Vikentia [17]

Answer:

The answer is: The ending balance in Finished Goods Inventory is $1,200

Explanation:

First we have to calculate the cost per chair produced, to do this we will find the total cost and divide by the number of chairs produced:

Units produced  100 chairs

  • Direct materials  $10 per unit  x 100 = $1,000
  • Direct labor  15  per unit  x 100 = $1,500
  • Variable manufacturing overhead 3 per unit x 100 = $300
  • Total fixed manufacturing overhead  $2,000

Total costs are $4,800 / 100 chairs = $48 per chair produced

There are 25 chairs left in finished goods inventory (FGI) = 100 - 75 = 25

The ending balance in FGI is = 25 chairs x $48 per chair = $1,200

3 0
3 years ago
1. A useful characteristic of money is that money
Virty [35]

Answer:

O A. allows us to compare the values of goods and services.

Explanation:

Money has three primary functions which include a medium of exchange, unit of account,  and store of value.

As a unit of account, money is used to give value to other assets. In other words, money provides a medium through which assets and products are valued.  Money is divisible into smaller units which makes its application in valuation easy.

The value of goods and services is expressed in monetary terms.  Buyers and seller, therefore, can determine how much is needed to transact.

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