It is a true statement that the enterprise Resource Planning system integrates all business processes and functions into a single software system, using a single database.
What is an enterprise resource planning system?
This system involves the processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management etc. At its most basic level, the enterprise resource planning system software integrates these various functions into one complete system to streamline processes and information across the entire organization.
The ERP system components are:
FinancialsHuman resourcesProcurement and logisticsProduct development and manufacturingSales and servicesAnalyticsRead more about ERP system
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Answer: True
Explanation:
All of the following accounts have normal debit balances except for? cash. expenses. capital. accounts receivable.
All of the following accounts have normal debit balances except for: capital
How do we classify transactions?
Ordinarily, expenses and assets would have a debit balance because an increase in assets or expense is to be debited, hence, expenses, cash , which is an asset as well as accounts receivable, would have a normal debit balance.
In other words, capital would have a normal credit balance because an increase in capital, liabilities as well as income are credited based on the double entry principle.
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When an accountant is not independent, the accountant may issue a(n) ___________? audit report. review report. agreed-upon procedures report. compilation report.
When an accountant is not independent, the accountant may issue an audit report.
What Is an Audit?The term audit which can as well be used as financial statement audit serves as the objective examination as well as evaluation of the financial statements of an organization so as to know how the financial records are fairing.
This process help with the accurate representation of the transactions they claim to represent, hence When an accountant is not independent, the accountant may issue an audit report.
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What specific information on the performance evaluation is used to compute a sailors mark average?
Trait Average is the specific information on the performance evaluation used to compute a sailor's mark average.
In order to calculate the Performance Evaluation Promotion Points or PMA which is called performance mark average used as one can simply use the average of the particular ratings received while it is in the current paygrade. Then add up the marks received in the current paygrade after that then divide by the total number of evaluations done.
Thousands of Sailors are involved in taking the advancement exams twice a year and are awaiting the results of those exams takes place twice a year. The results of these exams will be determining their own careers, and also thus their intentions.
Whenever many Sailors will advance, unfortunately, the actual thing happening as some will not. The most important thing for the case of Sailors is that they did not advance in this cycle which is to understand so as why they did not advance, and also in what areas they can strengthen themselves for the next cycle. Every Sailor who took an exam will be having a profile sheet so that they can also review it.
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Which type of natural disaster has been the most expensive in terms of insurance losses?
Hurricane has been the most expensive in terms of insurance losses.
Hurricane Katrina struck US fifteen years ago, causing considerable casualties and destructive harm. Hurricane Katrina remains an important turning point for reinsurance. It is the costliest natural disaster for the world to date and the insurance business.
The insurance and reinsurance industries were significantly impacted by Hurricane Katrina. It is believed that Katrina caused economic losses of more than USD 160 billion. Private insurance providers paid USD (2005) 41 billion on 1.7 million claims (2020 USD) for property damage to homes, businesses, and automobiles in the US. Additionally, insurers paid an additional USD 8 billion for damage to Gulf of Mexico offshore energy infrastructure. These losses, together with losses to the Federal Reserve of USD 16.3 billion from publicly insured National Flood Insurance Program of the Emergency Management Agency (FEMA NFIP),
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Charlie's chocolates' has accounts receivable of $78,000 and accounts payable of $34,000. the company has revenues of $111,000 and expenses of $78,000. calculate its net income.
Answer:77000
Explanation:
Charlie's chocolates' has the net income equals $ 67,000.
Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).
Net income equals net profit minus costs
Net income = $ 145,000 - $78,000
Net income = 67,000
The required details for Net income in given paragraph
What is Net income?
Net income and a company's profit for the accounting period are the same thing. Therefore, net income comprises all of a company's expenditures and expenses, which are deducted from revenue. Because it appears at the bottom of the income statement, net income is sometimes referred to as the bottom line.
Net income is the outcome of deducting all expenditures and expenses from revenue and adding money from additional sources. A corporation may have more than one source of income in addition to sales and different kinds of costs, depending on the industry. On the income statement, several of the sources of revenue or expenses could be broken out as separate line items.
Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).
Net income equals net profit minus costs
Net income = $ 145,000 - $78,000
Net income = 67,000
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Green tea oreos in china, chocolate and peanut butter oreos in indonesia, and banana dulce de leche oreos in argentina are examples of kraft using ________ strategy.
Green tea oreos in China, chocolate and peanut butter oreos in indonesia, and banana dulce de leche oreos in Argentina are examples of kraft using multidomestic strategy.
What is multidomestic strategy?Multidomestic refers to a group of strategies used by companies that run operations concurrently in several countries. As their operations grow into overseas markets, smaller businesses will naturally behave differently than their larger rivals, with many of them choosing a multidomestic strategy.
A business approach that enables different subsidiaries of a multinational organization to compete independently in different domestic markets.
Thus, it is multidomestic strategy.
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Modern marketers use blank______ to focus how they approach their customers and market their products.
Modern marketers use blank data analytics to focus how they approach their customers and market their products.
What is data analytics?Data analytics is the study of examining unprocessed data to draw inferences about that data. Numerous methods and procedures used in data analytics have been mechanized into mechanical procedures and algorithms that operate on raw data for human consumption.
The phrase "data analytics" is wide and includes a variety of different methods of data analysis. To gain knowledge that may be used to improve things, any sort of information can be submitted to data analytics techniques.
Data analytics methods can highlight measurements and trends that would otherwise be buried in the sea of data. A business or system's total efficiency can then be raised by using this information to optimize processes.
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When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n):_________
When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n): original equipment manufacturer..
Who is a manufacturer?A manufacturer or a producer can be defined as someone that produce goods or product by turning raw materials into finished goods or product.
P.c. logic is acting as the original equipment manufacturer because he was a manufacturer of the fax machine.
Therefore When p.c. logic, a fax machine manufacturer, purchases ceramic printing heads from kyocera to install in its fax machines, it is acting as a(n): original equipment manufacturer..
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When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held.
true /false
True
When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held is a "True" statement.
What is private firm/company?A private company is one that is privately owned. Private companies may have shareholders and issue stock, but their shares don't really trade on public exchanges and aren't issued through with an initial public offering (IPO).
Some key features regarding the private firm/company are-
Private companies are exempt from the Securities and Exchange Commission's (SEC) stringent filing requirements for public companies.In overall, the shares of these companies are less liquid, and determining their valuations is more difficult.Private companies are also known as privately held businesses. Private companies are classified into four types: sole proprietorships, limited liability corporations (LLCs), S corporations (S-corps), and C corporations (C-corps), each with its own set of rules for shareholders, members, and taxation.To know more about the private firm/company, here
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After the first two closing entries have been journalized and posted, the balance in income summary is equal to?
After the first two closing entries have been journalized and posted, the balance in income summary is equal to Service revenue
The money a company makes from providing services is known as service revenue. It encompasses any service that the company offers, regardless of whether the client makes a payment. Revenue from services excludes items like interest or a shipment of products. It largely focuses on the company's offerings.
The amount of income a business generates through the sale of services during a specific time period is indicated by service revenue. It does not, however, provide information regarding their revenue.
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A firm has total debt of $1,380 and a debt-equity ratio of .23. what is the value of the total assets?
A company has a debt-to-equity ratio of.23 and total debt of $1,380. The overall assets have a value of $7,380.00.
What Is a Debt?
When one party borrows something—usually money—from another, it is said to be in debt. Many companies and people borrow money to pay for significant expenses that they otherwise wouldn't be able to cover. A debt agreement allows the borrower to take out a loan with the condition that it will be paid back later, usually with interest.
Loans, including credit card debt, auto loans, personal loans, and mortgages, are the most prevalent kind of debt. A loan's terms stipulate that the borrower must pay back the loan's remaining balance by a particular deadline, usually several years down the road.
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The most ethical decision is that which best upholds impartial standards of fairness and equity. True or false?.
TRUE, the most ethical decision is that which best upholds impartial standards of fairness and equity.
In finance, equity is the possession of assets that could have debts or other liabilities attached to them. fairness is measured for accounting functions by subtracting liabilities from the fee of the property.
The term “equity” refers to equity and justice and is distinguished from equality: while equality means providing the identical to all, fairness means spotting that we do not all start from the same location and need to renowned and make adjustments to imbalances.
We also can think of equity as a degree of residual ownership in a company or asset after subtracting all money owed associated with that asset.
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True or false? friction can be used to describe challenges that hold back your internal teams as well as challenges that hold back your customers
'The Statement is True.
Friction can be used to describe challenges that can hold back your internal teams as well as challenges that hold back your important customers.
The concept of business friction is not come to be new since it is anything that can prevent and dissuades each and every customer from buying your desired products as well as services. On behalf of the customers, friction can be considered as very long wait times for the activity of holding and those particular products that are in a number of out of stock or having any kind of bad experience with a website of a specific company.
In order to remove friction internally, you need a clear evaluation of how teams gonna work together, processes their work, and how accessed data flows. It can remove all kinds of obstacles that can prevent us from getting any critical stuff to be done. We should have a look both at how a business runs well and the one who is running any business.
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The properties of competitive intelligence include _____.
The properties of aggressive brain include systematic continuous exterior information.
Competitor Intelligence is focused on grasp the moves and selections of rivals in your industry. It is supposed to tune how your opponents are creating products, selling services, marketing, triumphing income deals, and the universal competitiveness of other agencies inside your enterprise or landscape.
What are the types of aggressive intelligence?Competitive brain can be classified as myopic-oriented, tactical intelligence, or long-term targeted strategic intelligence.
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Awareness is the stage of the product adoption process for that person.
What is a product?The object being sold is referred to as a commodity. A company or perhaps an object both qualify as products. It could take on a tangible, digital, or electronic form.
Awareness of a product means the person is getting all the information that is related to the product which can be related to the content price use or even just the name of the product is enough to create awareness, sometimes it is done with the help of advertisement. Any commodity has expenses involved with it, and everyone has pricing.
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What is the minimum number of years that bob must remain a member of the adla so that the lifetime membership is cheaper (on a present value basis) than paying $550 in annual membership dues?
15 years the minimum number of years that bob must remain a member of the adla so that the lifetime membership is cheaper (on a present value basis) than paying $550 in annual membership dues.
What is membership?Member Information refers to any information about a member of a domestic credit union that is kept in any format, including share, deposit, loan, or other account balances. assigned the privileges of membership in an organization. Individual or collective membership in a group. Some memberships charge a fee to join or take part, while others don't. Membership programs promote increased sales of goods and services, higher customer retention rates, predictable revenue streams, improved referrals, and proper resource allocation for the business. Every company offers goods and services that can be bundled into a membership scheme.
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What is an example of an external force that represents financial factors affecting a business?
Interest rates are an example of an external force that represents financial factors affecting a business
This is further explained below.
What is business?Generally, The process of operating a company, which includes the creation of items in addition to their acquisition and sale, may provide a person with a means of subsistence or enable them to generate monetary gains.
In addition to this, it may be used to refer to "any activity or corporation that is involved in for the purpose of profit."
The term "financial factors" refers to financial policies, financial conditions, and capital structure.
Financial factors are an important internal component that has a great impact on the operation and performance of the corporation. In order to launch and maintain the company, you will need access to sufficient financial resources.
In conclusion, The rate of interest is one example of an external force that is representative of the many financial forces that influence a company.
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The percent of fixed assets to total assets is an example of:______
a. solvency analysisb.
b. horizontal analysisc.
c. vertical analysisd.
d. profitability analysis
The ratio of fixed assets to total assets is an illustration of vertical analysis.
How Do Assets Work?
An economic resource with economic worth that is owned or under the control of a person, a company, or a government with the intention that it would someday be useful is referred to as an asset.
An organization's balance sheet lists its assets. They can be divided into four categories: current, fixed, financial, and intangible. They are obtained or developed in order to raise a company's worth or enhance its operations.
Whether it's manufacturing machinery or a patent, an asset is anything that, in the future, has the potential to increase sales, lower costs, or produce cash flow.
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The artificial selection of which organisms was useful for darwin to come up the term natural selection? how did darwin compare the practice of breeding of organisms to natural selection?
The practice of breeding plants and animals to develop desired qualities. To create creatures with the desired attributes, such as size or flavor, it is purposely mated or cross-pollinated with species with similar desired qualities.
In contrast to artificial selection, which is carried out by humans with the goal of reaching particular results, natural selection occurs in nature unintentionally.
How did Darwin persuade his peers to believe in the reality of natural selection?
Darwin began out modestly. He exploited the concept of artificial selection in farming to gain access to scientists since he was aware that his theories were too radical for them to accept the idea of natural selection in one explanation.
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Generally, a corporation is owned by the:______.
i) managers
ii) board of directors
iii) shareholders
Answer:
share holders
Explanation:
the managers only manage the b.o.d only hyper manage but the sharwholders share the compant
Project management systems need to balance the organizational structure and that of the project group with respect to ___.
Systems for project management must maintain a balance between the organizational structure and the project group's in terms of authority.
What is authority?
In sociology and political science, authority is the rightful control that one individual or group has over others. In a civil state, power is exercised through the judicial or executive branches of government, for example. The terms "authority" and "power" are misused when referring to government
The legal ability to issue a command, order, or instruction and compel a subordinate to perform an action is known as authority. The result of authority, on the other hand, is responsibility. It entails the duty of the subordinate, who was given the responsibility by his higher.
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The incompatible interests, needs, and desires of diverse groups of people in society can lead to _______________.
The incompatible interests, needs, and desires of diverse groups of people in society can lead to Social conflict.
What is social conflict?The fight for control or authority in society is known as social conflict. Social conflict or group conflict arises when two or more actors oppose one another in social interaction, reciprocally using social power to pursue limited or incompatible goals while obstructing the opponent's progress toward achieving their own.
In this type of social interaction, the action is purposefully directed toward enforcing the actor's own desires in the face of opposition from one or more other parties.
Karl Marx is credited with creating conflict theory, which holds that competition for few resources causes society to be perpetually at war.
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Thomas collects dimes and quarters in his change jar. if he has 4 more dimes than quarters, and the total amount of money in the jar is $26.30, find the number of each type of coin in the jar?
There are 75.29 quarters and 79.29 dimes in the jar.
Given,
In his change jar, Thomas collects dimes and quarters.
So if he has 4 more dimes than quarters, and the total amount of money in the jar is $26.30
Thus,
Let, x be the number of dimes.
And y be the number of quarters.
If Thomas has 4 more dimes than quarters,
y = x + 7
On the other hand, the total amount of money in the jar is $26.30.
0.24x + 0.10y = 26.30
Substitute the value of y in the given equation 2
0.24x + 0.10y = 26.30
0.24x + 0.10 (x+7) = 26.30
0.24x + 0.10x + 0.7 = 26.30
0.34x = 26.30 - 0.7
0.34x = 25.6
x = 25.6 / 0.34
x = 75.29
Substitute the value of x in the given equation 1
y = x + 4
y = 75.29 + 4
y = 79.29
Hence, there are 75.29 quarters and 79.29 dimes in the jar.
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Studies reveal that over one-half to two-thirds of acquisitions are failures primarily because?
Studies reveal that over one-half to two-thirds of acquisitions are failures primarily because the premiums paid were too high for the firm to earn their cost of capital.
What is an acquisition in business?
An acquisition is when one company purchases all of other company's shares to gain control over that company.Buying more than 50% of a target firm's stock and other assets allows the acquirer to take control about the newly acquired company assets without the recognition of the company's other shareholders.
What makes a good acquisition?
Before making an acquisition, it is important for a company to evaluate whether its decision is a good candidate. A good acquisition person is priced right, has a affordable debt load, minimum litigation and transparent financial statements.
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Finding the best name is part of __________, and it begins with a careful review of the product and its benefits, the target market, and proposed marketing strategies.
The best name is part of brand positioning and it begins with a careful review of the product and its benefits, the target market, and proposed marketing strategies.
How critical is brand positioning?In order to buy a present for a coworker, where would you go. Amazon or a traditional retail store. Excellent examples of brand positioning strategies are the first ideas that come to mind. They understand how to do it well, which is why such companies have a position in your mind.
Brand positioning may appear to be a mystical concept built into your business by design, but this is not the case. It requires upkeep and sometimes revision.
It's a carefully thought-out strategy that brings your company's vision, identity, objectives, and product image together to give you a prominent position in the market. It also aids in developing and preserving your reputation and brand.
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Tyra makes $21.40 per hour at her job for the first 40 hours and $32.10 for anything over 40 hours. if tyra typically works 45 hours per week, how much does she earn?
If Tyra typically works 45 hours per week, Tyra is paid $1016.5.
Tyra's pay at her employment is $21.40 for the first 40 hours and $32.10 for any further hours. If Tyra usually puts in 45 hours a week. Work overtime for Tyra is 45 minus 40 = 5 hours.
Tyra makes $40 for the first 40 hours since 40 x 21.40.= $ 856
Tyra makes $5 x 32.10 for work beyond 40 hours = $160.5
The sum of Tyra's earnings is equal to her earnings for the first 40 hours plus her earnings for any additional hours.
Adding the values from the previous, Tyra receives $1016.5
The Tyra thus receives $1016.5.
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A positive operating cash flow indicates that the firm is generating enough cash to?
A positive operating cash flow indicates that the firm is generating enough cash to pay operating costs.
What is operating cash flow?Cash flow is the flow of cash and cash equivalent in and and out of a business. The three types of cash flows are investing cash flow, operating cash flow and financing cash flow.
Operating cash flow is the net amount of cash generated from a company's normal business operation . When the operating cash flow is positive, it means that the revenue that the business earns is greater than the cost used in running the business. The operating cash flow is the first section presented on the statement of cash flows.
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The fact that the value of a company such as ebay increases as more people join and use ebay is characterized as the __________.
The fact that the value of a company such as eBay increases as more people join and use eBay is characterized as the Network effect.
What is the Network effect?The network effect is used to refer to instances where companies become more valuable when there are more people using the company's services and products.
This is especially common with E-commerce websites like eBay which became more valuable as more people both sold goods on it, and bought from it as well.
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A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is:________-
A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.
What is a prokaryotic cell wall?The prokaryotic cells are known to have strong cell walls. These are known to be located under a particular capsule. The function is to help in the maintenance of shape and also help in the protections of the interior parts of the cells.
Hence we can say that: A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.
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Product costs consist of all of the following except:_______
a. direct materials.
b. direct labor.
c. factory overhead.
d. dividends.
Dividends are not included in Product cost whereas direct materials, direct labor and factory overhead are included while calculating the Product cost .
What is Product costs ?
The cost incurred to produce a product are referred to as product cost. Direct labor, direct materials, consumable production supplies, and factory overhead all are included in these prices. The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost. In the latter scenario, all cost involved with a service, such as compensation, payroll taxes, and employee benefits, ought to be included in the product cost.
Since product cost contains the amount of effort that is required by both GAAP and IFRS, it is included in the financial statements. When deciding on short-term production and sale-price strategies, however, managers may alter product costs to eliminate the overhead component.
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