d. In part, due to limited liability and ease of ownership transfer, corporations have less trouble raising money in financial markets than other organizational forms.
In a corporate form of company, the partners hold equity shares, and the number of shares can be unlimited. Accordingly, the liability of each partner is up to the amount of share, and are not held personally liable.
Also since there are huge number of partners the amount of funds are never short and it grows, further because of this the company is even able to raise huge funds, which is not possible for other forms of organization.
A large restaurant with locations throughout the United States has a long-term partnership with Tyson for its poultry and a produce distributor for its fruits and vegetables. These relationships reduce inefficiencies and costs and result in higher customer satisfaction. This restaurant is successfully using _____.
supply chain management
supply chain management is the management process or planning process that involve movement of raw material to production of goods.
it involves all those process which make the company profitable by providing the raw material at right time to fulfill the demands of customers
By using supply chain management complexity in providing raw material to manufacture unit is excluded. Hence this result in higher customer satisfaction and higher benefits
Answer: Supply chain management.
The supply chain management is one of the effective method that control the flow of various type of goods and the services by transforming all the raw material into the final product.
The supply chain management plays an important role as it provide the customer satisfaction management and also increase the competitiveness in the market.
The main goal of the supply chain management is that it enhanced the responsiveness in an organization, build the network resiliency and also give the customer value.
There are various types of benefits that the supply chain management provide are as follows:
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Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She earns $10 per hour at a part-time job at the local coffee shop. She can sell a photo frame for $30 each. An economist would calculate the total profit for one photo frame to be __________.a. $5. b. $10.
The amount of total profit earned for selling one photo frame is $15.
The total profit is determined by the difference between the cost price and the selling price.
As per the economist, the cost price of the photo frame will include the amount spent on the material of $5 and the amount to be earned from the part-time job is $10.
The cost spent on material =$5
Opportunity cost (earning from part-time job) =$10
selling price =$30
Thus, the profit to be earned by selling one photo frame is $15.
To know more about profits, refer to the link:
An economist will consider the cost of the photo as the materials costs plus the opportunity cost of labor for Jessica. For Jessica, the opportunity cost of making the photo frame is the amount she would have earned working at the coffee shop. Therefore, the $10 she would have earned at the coffee shop is the labor cost of producing one photo frame.
The total cost of making one photo frame would be $5 plus $10.
i,e. $5 + $10 = $15
Profit from the photo frame = selling price - cost price
A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you that the price elasticity of demand for his pizza is -2, and he asks you for advice. He wants to know two things. First, how many pizzas will he sell if he cuts his price by 10%? Second, how will his revenue be affected? If he cuts his price by 10%, his sales will increase to pizzas, and his total revenue will increase to $ .
The following items could appear on a bank reconciliation: a. Outstanding checks, $670. b. Deposits in transit, $1,500. c. NSF check from customer, no. 548, for $175. d. Bank collection of note receivable of $800, and interest of $80. e. Interest earned on bank balance, $20. f. Service charge, $10. g. The business credited Cash for $200. The correct amount was $2,000. h. The bank incorrectly decreased the business's by $350 for a check written by another business.Classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
a. Outstanding checks: Subtract $670 from the bank balance.
b. Deposits in transit: Add $1,500 to the bank balance.
c. NSF check: Deduct $175 from the book balance.
d. Bank collection of note receivable: and interest: Add $880 to the book balance.
e. Interest earned on bank balance: Add $20 to the book balance.
f. Service charge: Deduct $10 from the book balance.
g. Errors in cash account: Add $1,800 to the cash account.
h. Errors in bank account: Add $350 to the bank balance.
To get the true cash balance, one needs to do two things:
1) Adjust the bank balance for items that are already recorded in the company's cash book but are currently not reflecting in the bank statement, and
2) adjust the company' cash book balance for items that are on the bank statement but are currently not recorded in the company's books.
After doing these two adjustments, the balance after adjusting for 1) and 2) should be the same - and this is the true cash balance that the company should use as its value for cash that the company has as at a particular date.
The rule of thumb is: "adjust it where it isn't reflecting".
For example- outstanding checks are checks that were written by the company and have already been debited in the company's books as payments made. But these checks haven't been presented at the bank for processing, and therefore the bank balance is not yet reflecting this payment. Therefore the adjusting entry would be to "adjust where it isn't reflecting" by deducting the bank balance as shown above.
The journal entry used to record the issuance of an interest-bearing note for the purpose of borrowing funds for the business is: a. debit Cash; credit Notes Payable b. debit Cash and Interest Expense; credit Notes Payable c. debit Notes Payable; credit Cash d. debit Accounts Payable; credit Notes Payable
a. debit Cash; credit Notes Payable
The journal entry for issuance of an interest-bearing note is shown below:
Cash A/c Dr XXXXX
To Notes payable XXXXX
(Being the issuance of the interest-bearing note is recorded)
For recording this transaction we debited the cash account and credited the notes payable account so that the correct posting could be done.
In a process cost system, factory depreciation expense incurred is debited to ________. a)finished goods inventory
b)work in process inventory
d)cost of goods sold
The correct answer is letter "C": manufacturing overhead.
Manufacturing overhead are untraceable indirect costs that are involved in the process of production given an accounting period. Examples of manufacturing overhead include power and gas service in the manufacturing facility, administrative wages, and depreciation of the equipment used.
Depreciation is a way of allocating a portion of equipment that was consumed to form part of the product cost as the cost of most equipment have life cycle that extends beyond a business year .
It is treated as overhead as the cost is not directly related to manufacturing of the goods
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The voting procedure whereby shareholders may cast all of their votes for one member of the board is called _____ voting.a) cumulative b) deferred c) democratic d) straight e) proxy
Cumulative voting is used by minority shareholders to elect a member of the board of directors. This voting method allows shareholders to cast all their votes for one candidate to the board in order to fill an opening.
Some small corporations may have a majority stockholder (owns more than 50% of the votes), but most corporations, especially large ones, have a lot of minority stockholders. So groups of minority stockholders are formed in order to select board members that represent their best interests. The most common way to do it is through cumulative voting.