When a warehouse is rearranged to speed up order processing, "regrouping activities" are being performed?

Answer:

Because at zero profit, with her revenue, she can cover all her costs—explicit and implicit (opportunity cost).

Explanation:

At zero profit, the revenue covers all of its costs, including the implicit costs. Recall that implicit costs include the cost of lost wages from time working on one's own business. Hence at zero economic profit, the producer not only covers the accounting costs of production, but also covers the opportunity cost of the next best use for the resources, such as foregone wages by not working at a different job.

Internal control over the cash receipts:

Cash receipts over the counter is a point of sale terminal that provides control over the cash receipts. The control on the cash receipts over the counter can be made as follows –

For preventing the theft by the clerks:

-       After entering the transaction, the cash drawer opens and the machine records it.

-       At the end of the day the manager compares the cash with the machine records and it can prevent the theft by the clerk.

For preventing the theft by the accountant:

-       The recorded data on the machine tape then goes to the accountant for recording the accounting transaction

-       It records the journal entry for cash receipt and sales revenue. These even helpful to get rid of the oversight by the manager.

This is one of the methods through the process of the separation of duties through which the internal control in the cash payments over the counter can be done.

In the given case the cash difference at the cash in the drawer and as per the machine records shows that something went wrong. So by using the above internal control procedure, the fraud made by the controller can be found

What will alert Megan​ McKinney, the​ controller, that something is​ wrong is the closing cash balance will not tally.

Sandra Kristof sells furniture for McKinney Furniture Company. Kristof is having financial problems and takes $650 that she received from a customer. She rang up the sale through the cash register.

Requirement

1. What will alert Megan McKinney, the controller, that something is wrong?

Cash receipts over the counter is the cash register that provides control over the cash receipts. A receipt is issued to ensure that each sale is recorded. At the end of the day, a manager proves the cash by comparing the cash in the drawer against the machine's record of sales.

In this case, the cash balance at hand will be lower by $650 as calculated by the amount of sales. This is because he has taken the cash after ringing up the sales through the cash register.

Grade:  9

Subject:  business

Chapter:   the sale through the cash register

Keywords: Cash receipts over the counter, mckinney furniture company, the sale, the cash register, the​ controller

1. Prior to the arrival of Alan Mullay, Ford was following a strategy of offering products that were modified as per the tastes and preferences of the local market. It did not pusrue a strategy of standardization. For Ford, the focus was to meet the particular demands of local consumers. The benefits of this strategy was that particular tastes and preferences of loacl consumers were satisfied by producing models with different specifications for different markets. For example, Americans love SUVs and trucks while Asian and European consumers have a preference for fuel efficient cars. This strategy helps Ford to cater to all the different needs.

In terms of costs, such a stratgey increased the production and operations costs as the economies of scale could bot be achieved. Further advantages of standardization like common parts, sharing of development costs could not have been reaped by Ford, thus increasing costs. Ford was pursuing this strategy due to the autonomy of different regions within Ford's organization.

2. With the One Ford initiative, Mullay is trying to create car platforms that can be used accross the globe without any need for modifications and customizations. The benefits of this strategy is that development costs will be shared among different markets, common parts can be procured for a car model and eventually economies of scale can be achieved. For example, small cars like Focus will have the same set of requirements accross the globe and can be standardized easily. In terms of drawbacks, Ford will not be able to cater to regional nuances in the taste of customers belonging to different markets.

3. The One Ford initiative does not imply that Ford will now disregard national and regional differences in demand. It will merely cut down the number of platforms that stands at 15 currently to around five platforms. Minor modifications will be allowed under the platform and these minor modifications will ensure that national and regional differences in demand is satisfied. This is specially the case for smaller cars like  Focus, or the Escape SUV.

Physical capital or just capital is defined in economics as a factor of production or inputs consisting of computers, machinery, buildings, and the like. To answer our question, an example of physical capital is a truck a company purchases for work because it is an input that can be used in the production. A truck a worker buys for personal use is not considered physical capital but a personal need; a worker who physically learns to work on a truck his company buys is not a physical capital but a human capital; same with a worker who physically learns to work on a truck his company buys.

This detailed answer matches examples or solutions to the corresponding service gap categories in apartment complex management, and highlights strategies for addressing these gaps effectively.

The question asks to match examples or solutions to the appropriate service gap category in apartment complex management. The concept review identifies four types of service gaps: knowledge gap, standards gap, delivery gap, and communications gap. Here are the matches:

Thus, addressing these gaps effectively involves improving employee training and empowerment, understanding tenant expectations, ensuring accurate communications, and enhancing the delivery of services. These strategies help in retaining tenants and supporting rent prices.

Complete Question:

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Read the overview below and complete the activities that follow.

Apartment complexes often look for ways to recruit new tenants and retain current tenants. Although apartment complexes offer the tangible benefit of shelter to their tenants, many apartment complexes also offer additional services to tenants to encourage tenants to stay or to support the rent prices. The following scenario identifies the several service gaps of a company that runs an apartment complex as well as solutions for reducing these service gaps.

CONCEPT REVIEW:

Customers have certain expectations about how a service should be delivered. A service gap occurs when the delivery of a service fails to meet customer expectations. There are four types of service gaps: knowledge gap, standards gap, delivery gap, and the communications gap. Marketers need to identify these gaps and develop strategies for minimizing them.

Match the example or solution to the appropriate service gap category.

1. Wait for Repairs                         5. Train employees well

2. Understand expectations           6. incentives for tenants

3. Do not overpromise                   7. family movie night

4. empower employees                  8. delayed lawn care

Construction; is the actual act of building.

The contribution margin per pound is calculated by dividing the contribution margin by the pounds of materials used. The company should accept orders starting with the products that offer the highest contribution margin per constraining resource - Product C, A, then B.

The contribution margin per pound for each product can be calculated by dividing the contribution margin of each product by the pounds of the constraining resources used.

For Product A, with a Contribution Margin of $32, if 24 pounds of materials are used, the CM per pound is $32 / 24 = $1.33

For Product B, with a Contribution Margin of $18.60, if 18 pounds of materials are used, the CM per pound is $18.60 / 18 = $1.03

For Product C, with a Contribution Margin of $28.35, if 9 pounds of materials are used, the CM per pound is $28.35 / 9 = $3.15

The company should accept orders starting with the product offering the highest Contribution Margin per constraining resource, so they should accept Product C orders first, then Product A, and lastly Product B.

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Answer:

346 boxes of grape fruit

Explanation:

In order to solve this we are going to create a simple system of equations, the number of boxes of oranges will be represented with the letter Y and the number of boxes of grape fruit will be represented with the letter X:

21y + 27x= 18,003

x+y=747

x=747-y

Now we insert that into the first equation:

21y-27(747-y)=18,003

-6y=18,033- 20169

-6y=-2166

y=-2166/-6

y=361

We know that the kiwanis club sold 361 boxes of oranges, now we inster that value into our second equation to solve for the boxes of grapefruit:

x=747-y

x=747-361

x=386

SO they sold 386 boxes of grapefruit.

To calculate Michelle's balance in five years with compound interest, use the formula A = P(1 + r/n)^(nt). Plugging in the values, the balance is approximately $7,403.69.

To calculate Michelle's balance in five years, we can use the formula for compound interest:

A = P(1 + r/n)^(nt)

Where:

Plugging in the values from the question:

we can solve for A:

A = 130(1 + 0.05/12)^(12*5)

Calculating this expression gives us a balance of approximately $7,403.69. So, Michelle's balance after five years will be $7,403.69.

An example of a monopoly that existed in the United States in the past is the Carnegie Steel Company.

This company was created by Andrew Carnegie in 1892. The main purpose of the company was to manage steel mills in the Pennsylvania area. The company was extremely successful as it was able to control supply of steel. This prevented free-market competition and therefore allowed Carnegie Steel Company to set the national price for steel.

An adjusting entry must be made to account for bad debts expense on June 30, 2018. After writing off $100, the expected allowance for doubtful accounts would be $1,012.5. Given the previous balance was $1,000 before write-off, the bad debts expense would be $112.5.

Assuming that Business Solutions uses the allowance method to account for bad debts, an adjusting entry would be required to recognize the bad debts expense on June 30, 2018. As per the information provided, the original accounts receivable balance is $20,250. However, one account of $100 has been written off against the allowance for doubtful accounts since the last recording date, March 31, 2018. This write-off will decrease the allowance for doubtful accounts by $100.

To adjust for the bad debts expense, we would need to identify the expected level of bad debts based on past experience or industry standards. Let us say it is expected to be 5% of accounts receivable. Hence, the expected allowance is (5/100)*20,250 = $1,012.5.

Suppose the balance in allowance for doubtful account before write-ups and write-offs at March 31 was $1,000, after the write-off is $1,000 - $100 = $900. Therefore, $1,012.5 - $900 = $112.5 must be added to the allowance amount, which will be the Bad Debts Expense.

This will help in accounting for the bad debts expense based on the pattern prescribed in part 1b, and keep the books balanced for Business Solutions.

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They seek the advantage of flat or horizontal organizations. This is an organizational structure with limited or no levels of mid management among staff and executives. An organization's structure discusses about the nature of the dissemination of the components and locations within it. Tall and flat organizations vary grounded on how many ranks of management are current in the association, and how much control managers are capable.

According to the National Automobile Dealers Association, a single dealership may employ people with as many as 57 different jobs. A single dealership requires different workforce to accomplish the job therefore even an single dealership would result to employment of the people with different kind of jobs.

Final answer:

Organizations must consider transportation challenges related to complex global supply chains, sustainable transportation, and managing a global workforce while adapting to environments affected by outsourcing and international trade.

Explanation:

Challenges in Global Sourcing for Organizations

Organizations considering global sourcing must navigate a variety of transportation challenges. One of the main challenges is the complexity of global supply chains, which can be impacted by modes of transportation that are currently difficult to electrify, such as container ships and air cargo. These modes are critical for the manufacture of consumer goods and the transportation of products. With the advent of globalization, driven by improvements in shipping and air cargo that have reduced transportation costs, organizations opt to produce goods and deliver services in countries with more favorable economic conditions.

However, technological, political, and economic perspectives influence sustainable transportation solutions. Innovations in computing and telecommunications have simplified the management of long-distance economic relationships but haven't fully resolved supply chain issues, which still require advancement in transportation methods and vehicles. Global companies must adapt their labor policies and invest in their labor force, protecting labor rights while improving supply chains. These adaptations are necessary in an environment where international agreements promote trade, yet companies must also deal with the institutional differences and employee stress caused by outsourcing.

Sharing technology with developing countries, creating effective policies during national emergencies, and managing a global workforce is essential for companies to address transportation challenges in global sourcing effectively.

Extensions to existing product lines are the least common type of new product innovation. The correct option is C.

Product innovation aids businesses in remaining competitive in their markets and sustaining long-term growth and development. It is believed that an organization's capacity for innovation is crucial to its long-term viability. When developing new products, businesses must push themselves creatively and beyond of their comfort zones.

New to the world and new product lines are more common types of innovation since they involve creating entirely new products or product categories that meet unmet needs or improve on existing products. Cost reductions are also a common type of innovation, as they involve finding ways to produce products more efficiently and cost-effectively. In contrast, extensions to existing product lines involve adding new features or variations to an existing product category, which may not always meet significant unmet needs or generate significant customer demand.

Thus, the ideal selection is option C.

Learn more about product innovation here:

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To get the future value of this amount, we should use the formula I = Prt so that we could get the interest and then add it to the principal amount to get the future value.

I = Prt

Where: P stands for principal, r for the rate and t for time.

Plugging in the values in the given:

I = (750) (0.025) (1)

Interest = 18.75

Future value = Principal + Interest

= 750 + 18.75

= 768.75

The answer is letter a.

Final answer:

When launching a new website for a local nonprofit organization, expected costs include website development, domain registration, hosting fees, content creation, marketing and advertising, and maintenance and updates. The benefits include increased online visibility, community engagement, fundraising opportunities, enhanced brand reputation, and improved efficiency.

Explanation:

Expected Costs:

Benefits:

To launch a new website for a nonprofit, consider both one-time costs like domain registration and website design and recurring costs such as web hosting and maintenance. Benefits include increased visibility, enhanced donor engagement, and improved communication with stakeholders.

Here is a list of expected costs and benefits for the project:

One-Time Costs:

Recurring Costs:

Benefits:

Since Intel has a history of effectively transforming R&D investment into income, the pro-forma version of the ration seems to be of more significant. A company starting, for instance, would be unalike: its track record would be much poorer and probabilities are that the criteria set in place would not be as rough as Intel’s. Therefore, it appears that the significance hinge on the kind of business: if future benefit is more of a doubt, then R&D should be expensed. The contradictory is true if benefit is almost certain. Intel also has the advantage of being very vibrant with its R&D objectives and having exact, measurable standards. They note obviously what the funds are apportioned to and what the end outcomes should be of the growth.

The comparison between Intel's actual and pro forma ratios of intangible assets to long-lived tangible assets involves considering capitalized R&D expenditures in the pro forma ratio. The actual ratio reflects the balance sheet as is, while the pro forma ratio accounts for investments in technology that could lead to future earnings.

The question asks to compare Intel's actual and pro forma (as if) ratios of intangible assets to long-lived tangible assets in 2012 using R&D capitalization. The 'actual' ratio would include only the intangible assets that are already on Intel's balance sheet, while the 'pro forma' ratio would treat R&D expenditures as intangible assets that should be capitalized and added to the balance sheet, rather than expensed. To compute this ratio, R&D expenditures would need to be capitalized and added to Intel's intangible assets for the pro forma calculation.

When comparing these two values, typically, the pro forma ratio may provide a more accurate picture of a company's investment in technology and future earnings potential. The 'actual' ratio could understate the size and value of Intel's intangible assets because standard accounting practices require R&D costs to be expensed immediately, which reduces reported earnings and does not reflect the potential future value generated by these investments.

Therefore, determining which value is more relevant depends on the context of the analysis. If one is interested in how much Intel is investing in its future through R&D (which could lead to future intangible assets), the pro forma ratio might be more relevant. If the focus is strictly on what is recognized on the balance sheet at the moment, then the actual ratio would be relevant.

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Final answer:

Fayol's Esprit de Corps principle indicates that teamwork and a sense of unity among workers can lead to increased pride and loyalty within an organization, enhancing job satisfaction and organizational performance.

Explanation:

Fayol's Esprit de Corps principle states that fostering a team spirit among employees can create an environment of pride and loyalty within an organization. This principle is part of Henri Fayol's classical management theory, which emphasizes the importance of management practices and the role they play in the effectiveness and efficiency of an organization. Fayol believed that when workers are encouraged to work in harmony and are led to believe in shared goals, their attitudes towards work improve, leading to increased job satisfaction and organizational performance. This concept is somewhat similar to the Hawthorne effect, in which employees perform better when they are observed and feel valued. Additionally, the symbolism of the Esprit de Corps principle aligns with Theory Y management, which argues that people find satisfaction in their work and are motivated by shared responsibilities and goals.