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kotegsom [21]
3 years ago
6

How the business can use creative thinking to solve business problems ​

Business
2 answers:
Otrada [13]3 years ago
4 0

Explanation:

People may think I'm not excellent or talented if I behave like a fool ,but I usually have many brilliant ideas to mu great business.

Cerrena [4.2K]3 years ago
4 0

Explanation:

Creative thinking helps you to see opportunities in the marketplace or come up with a unique solution to a problem—and isn’t this the cornerstone of any business?

Creativity is key to innovation. When issues come up, you’ll be able to think of ways over, under, or through the roadblocks.

Creativity stimulates the brain and helps us to wake up and pay attention. Noticing more of what’s around us aids in developing novel approaches to help your business stand out.

Creative thinking helps you keep your business presence fresh. You’ll be able to constantly reinvent your business in order to stay in your customers’ awareness.

Creativity helps you shift your perception so you can better understand your customers’ point of view.

Creativity gives you a higher tolerance for risk—you’re used to working through fear of failure.

Creativity improves your leadership skills. Being an effective leader means being creative in your approach and problem-solving. When you have the capacity to let go of the outcome and be open to out-of-the-box thinking, you free your business team up for generating new ideas.

Creativity helps you to broaden your vision of what it means to be successful in your  business—what it can offer to the world.

Creativity strengthens your resilience. When those inevitable stressful periods come up, you’re able to bounce back faster instead of getting derailed.

Creativity invites flow and feels good, and when you feel good, you attract your ideal customers and clients.

Can you creatively think of even more ways that creativity can help your business?

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Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
barxatty [35]

Answer:

A. $816,000

B. Dr Inventory $60,000

Cr Retained earning $36,000

Cr Tax payable $24,000

Explanation:

A. Calculation to determine the balance in retained earnings at the time of the change

Using this formula

Retained earnings = Beginning retained earning balance + Adjusted net income

Let plug in the formula

Retained earnings=$780,000+ $60,000 × (1 - 40%)

Retained earnings=$780,000+($60,000×60%)

Retained earnings=$780,00+ $36,000

Retained earnings= $816,000

Therefore the balance in retained earnings at the time of the change is $816,000

2. Preparation of the journal entry at the beginning of 2009 to record the change in principle.

Dr Inventory $60,000

Cr Retained earning $36,000

[$60,000 × (1 - 40%)]

Cr Tax payable $24,000

($60,000-$36,000)

(Being to record the change in principle)

3 0
3 years ago
Harry owns long-term investments in a public company. These investments pay him every year, by law, and expire ten years after t
Amanda [17]

Answer:

Convertible Bonds

Explanation:

Convertible Bonds are debt securities which yield annual coupon rate of return, are redeemable after a period and during their life provide an option to the holder of such securities to get these converted into common stock based upon the conversion ratio.

Conversion ratio refers to the number of common stock that would be issued in return for a bond.

In the given case, Harry holds a security which provides him fixed return by law i.e obligatory for the borrower to pay him interest every year, expire after 10 years i.e period to maturity in addition to allowing him a conversion ratio of 50 i.e 50 common stocks for every bond held.

Thus, Harry owns a 10 year convertible bond.

5 0
3 years ago
Ortega Industries manufactures 15,000 components per year. The manufacturing cost of the components was determined to be as foll
grandymaker [24]

Answer:

Decrease by $30,000

Explanation:

Cost to buy = 15,000 * $34

Cost to buy = $510,000

Note: Since Ortega is buying 15000 units at $34, the $40,000 avoidable cost on fixed manufacturing overhead is non-applicable.

Cost of making = $150,000 + $240,000 + $90,000

Cost of making = $480,000

So, if Ortega purchases the component from the supplier instead of manufacturing it, the effect on income would be decrease by $30,000 ($510,000-$480,000).

8 0
3 years ago
Which policy tools are considered automatic stabilizers?
V125BC [204]

In the fiscal policies of governments, automatic stabilizers are meant to correct and stabilize the fluctuations that arise within the economy of nations. The policy tools that are considered automatic stabilizers are;

  • A progressive income tax structure
  • Government unemployment benefits

At times, the economy of a nation might experience shocks and destabilizations. These policy tools listed above are meant to generate taxes from the citizens that would cushion the effects of these shocks.

They help to increase the flow of money in the economy when it is passing through difficulties like recessions.

Learn more here:

brainly.com/question/24276941

6 0
3 years ago
Ability to exert muscular force repeatedly
Mnenie [13.5K]

Answer:

<h2>Dynamic strength</h2>

Explanation:

Dynamic Strength — The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.

5 0
3 years ago
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