The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
What is mixed production plan?
The result of the production planning process is a document called a production plan that outlines how production processes will be carried out. It outlines the equipment, raw materials, and labor resources that will be required as well as the production schedule that will be adhered to. Production planning is the organisation of the manufacturing and production processes within a business or sector. To service various clients, it makes use of resource allocation for personnel activities, materials, and manufacturing capacity.
Both inventory and staff levels are subject to fluctuate during the planning horizon in a mixed strategy. The "chase" and "level" methods are therefore combined. If the expenses of keeping inventory and adjusting the workforce level are somewhat high, this will be a smart strategy. Typically, aggregate planning is done for a period of 12 months.
Employing temporary labor, letting staff go for a set amount of time, or cross-training personnel are a few examples of aggregate planning. This serves as a useful benchmark for assessing resource use and implementation.
Hence, The term mixed production plan directs to a sales and operations plan that differs both production and inventory levels to create the most effective plan.
To learn more about mixed production plan refer to:
https://brainly.com/question/25899399
#SPJ4
Smokey company purchases a one-year insurance policy on july 1 for $13,308. the adjusting entry on december 31 is?
On July 1, Smokey Company pays $13,308 for a one-year insurance contract. Debit Rent Expense, $8,000; credit Prepaid Rent, $8,000; this is the adjusting entry for December 31.
What is insurance policy?An insurance contract, represented by a policy, provides financial protection or reimbursement from an insurance company in the event of a loss to the policyholder. In order to lower costs for the insured, the company pooled the money from its customers.
Plans for insurance are designed to guard against the possibility of both significant and minor financial losses brought on by damage to the insured's property or person, or by liability for injuries or damages to a third party.
An insurance policy is a contract that an insurer enters into to reimburse another party for losses brought on by particular risks or occurrences.
There are several varieties of insurance. The four most common types of insurance are life, health, home, and auto.
To learn more about insurance policy
https://brainly.com/question/1198575
#SPJ4
If the accounts receivable ending balance is greater than its beginning balance, then its debits were ______ than its credits during the period.
If the accounts receivable ending balance is greater than its beginning balance, then its debits were greater than its credits during the period.
What is accounts receivable?Accounts receivable is a balance sheet account that is used to record services rendered or goods sold for which payment have not be made for them.
Accounts receivable is an asset for the company due to the fact that it is a legal obligation for payment to be made for services rendered. Accounts receivable is also considered to be a liquid asset.
When payments are received for services rendered or goods sold. the amount is subtracted from the accounts receivable account. When ending balance of the accounts receivable is greater than the beginning balance, it means that there is an increase in the amount of outstanding payments.
To learn more about account receivable, please check: https://brainly.com/question/13166196
#SPJ1
Consider a population with 100 cats. if 72 cats are black and 28 are white, what is the phenotypic frequency of black cats?
The phenotypic frequency of black cats 0.72
How do we calculate Phenotypic Frequency?To compare different phenotype frequencies, the relative phenotype frequency for each phenotype can be calculated by counting the number of times a particular phenotype appears in a population and dividing it by the total number of individuals in the population.The phenotypic black cats are 72
The total population is 100
Phenotypic frequency = counting the number of times a particular phenotype appears in a population / total number of individuals in the population.
Now,
Phenotypic frequency = 72/100
Phenotypic frequency = 0.72
To learn more about Phenotypic frequency, refer
to https://brainly.com/question/24448358
#SPJ4
The common set of standards and procedures by which audited financial statements are prepared are called:_________
The common set of standards and procedures by which audited financial statements are prepared are called GAAP
The Financial Accounting Standards Board (FASB), an independent non-profit organization, creates the standards. Accounting standards increase financial reporting's openness across the board. The commonly used set of accounting standards for creating financial statements in the US is known as generally accepted accounting principles (GAAP).
The International Accounting Standards Board (IASB) has established the International Financial Reporting Standards (IFRS), which are used by international businesses that report financial accounts and are not subject to U.S. GAAP. In the United States, both public and private institutions frequently apply widely accepted accounting standards.
To learn more about GAAP here
https://brainly.com/question/20599005
#SPJ4
The additional benefits that arise by using an additional unit of the managerial control variable is defined as the:________
The term "Total benefit" refers to the additional advantages brought about by applying an additional unit of the managerial control variable.
The benefit paid under the Salaried Pension Plan and the Executive Plan to a Participant (or surviving spouse in the event of a Participant's death) is referred to as the Total Benefit. The annual pension amount equal to 65% of the participant's Final Average Pay multiplied by the Accrual Fraction as of the Date of Determination, payable to the participant in the Normal Form of Benefit and beginning as of the Date of Determination, is referred to as the Total Benefit. The Total Benefit, however, must always exceed the Minimum Benefit as of the Date of Determination.
To learn more about Total benefit here
https://brainly.com/question/24173553
#SPJ4
In today's business environment, would using a theory x approach help or hinder retailers faced with real estate and debt concerns? explain your reasoning.
Theory X would obstruct the company's employees' ability to advance and be productive.
Managers who anticipate and micromanage daily tasks do not help in their development since they are more focused on making sure their work is done right than on training their personnel and discovering potential new prospects.
They are limiting potential sources of income in the near future by doing this, and even if these new alternatives could cause merchants more issues, if they carry on as they have, they will fail nonetheless, so it is worthwhile to explore new options. If they encounter these kinds of difficulties, they will also be unable to be innovative with future endeavors since, as the adage goes, it takes money to create money.
Retailers must, however, offer shoppers something novel if they want to overcome these worries.
To know more about Theory X
https://brainly.com/question/12440324
#SPJ4
Each row of the production possibilities schedule illustrates the amount of a good or a service that may be produced, given the production of the other. True or false?.
This is a Firm and True Statement.
Each row of the production possibilities schedule illustrates the MAXIMUM amount of a good service that may be produced given the production of the other.
A production possibilities schedule demonstrates the fundamental economic principle of opportunity cost, which states that the economy must forgo producing one thing in order to create another. The incredibly helpful production possibilities curve is likewise derived from a production possibilities schedule (or frontier)What is an example of a production possibility?The trade-off between manufacturing one good vs another is gauged by the production possibilities curve. Consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is the point B on the diagram. It must produce fewer apples if it wishes to grow more oranges.To learn more about production possibilities schedule, click the links.
https://brainly.com/question/14319880
https://brainly.com/question/28081502
#SPJ4
Bakers are much likely to supply pastries to the market if property rights are enforced. True or false?.
It is false that bakers are much more likely to supply pastries to the market if property rights are enforced. Bakers are much more likely to supply pastries to the market if property rights are not enforced.
What are property rights?Property rights specify who legally and formally owns resources and how they may be used. These resources might be physical or intangible, and they can be owned by people, companies, or governments.
Private property rights, or the rights of private persons to amass, keep, delegate, rent, or sell their property, are typically exercised by individuals in various nations, including the United States.
The allocation of property rights in a community has an impact on the effectiveness of resource usage since in economics, property rights serve as the foundation for all market transactions. Individuals or small groups of people typically own property.
The use of patents and copyrights to protect the following can expand the rights of property ownership.
To know more about Property Rights, visit
https://brainly.com/question/22370263
#SPJ4
You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition? Question 3 options: Walk-up Mexican Food stand A local Burger King franchise A local Taco Bell franchise Mobile Fish and Chips Truck
You own a mobile Taco Truck. You have a short list of competitors. The TWO that would be considered your Indirect Competition are options A. Walk-up Mexican Food stand and B. Burger King franchise. Hence, options A and B are the answers.
What is an indirect competition?Indirect competition is the contrats between sellers whose goods or services are not the same but that could satisfy the same consumer need. Indirect competition opposes with direct competition, in which businesses are selling products or services that are essentially the same.
Therefore, the correct answer is as given above
learn more about indirect competition: https://brainly.com/question/13956771
#SPJ1
Answer:
Walk-up Mexican food stand & A local Taco Bell franchise
Explanation:
because it is places that serve the same items, which are direct competitors
burger king and mobile fish and chips truck is indirect cus they dont serve the same thing but still satisfy customers
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is.
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.
Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.
In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.
Sharpen decision-making skillsIt's wiser to accept the riskForming more positive thoughtsHelp plan a better futureExamples of Opportunity Costs in Daily Life
For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.
The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.
When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.
You can learn more about Opportunity cost here brainly.com/question/17204577
#SPJ4
Manufactures microprocessors and caters exclusively to private manufacturers that produce high-end computers. which type of market does abc directly target?
a company that makes microprocessors and only sells to private companies who make expensive computers. ABC specifically targets the corporate world.
The economic and industrial worlds that will hire students after they have finished high school or college.
What do you mean by business world?
It refers to the area of the world dominated by companies. It signifies a separation between the "corporate world" and the "ordinary world." It speaks of CEOs, businesses, their deeds, and everyone who works for them. The entire corporate world is involved.
To know more about corporate world.
https://brainly.com/question/12831236
#SPJ4
A company's beginning accounts payable is $1,000. it had a $10,000 of purchases on account and paid $7,000 of the amounts owed. the accounts payable ending balance equals a _____ balance.
The accounts payable ending balance equals a $4,000 balance
What is accounts payable?
Accounts payable is the account that represent the company's suppliers, in effect, its balance indicates the amounts owed to them, in essence, the closing balance is determined by adding new purchases to the beginning accounts while deducting amount paid to suppliers in the period under review.
accounts payable ending balance=beginning accounts payable+purchases-amount paid
beginning accounts payable=$1,000
purchases=$10,000
amount paid=$7,000
accounts payable ending balance=$1,000+$10,000-$7,000
accounts payable ending balance=$4,000
Find out more about accounts payable on:brainly.com/question/28481219
#SPJ1
Journal entries for materials used in production are posted to:________
By debiting the working in process account, the manufacturing overhead account, and crediting the raw materials inventory account in the job order costing, the business can record the materials utilized in production.
What Exactly Is an Accounting Journal Entry?The date, the amount to be credited and debited, a brief description of the transaction, and the accounts affected are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.
In order for the general ledger and financial reports based on this information to be accurate and full, it is essential to accurately and completely input journal data. Recurring journal entries can be automated and templated in today's accounting software, reducing the possibility of error.
To know more about ' Journal Entries ', visit:https://brainly.com/question/17201601
#SPJ4
High-performance work systems result in:______
a) centralized decision making.
b) high production costs.
c) high employee turnover.
d) simple, repetitive jobs.
e) high product quality.
The correct answer is d
High-performance work systems result in simple, repetitive jobs
Numerous empirical investigations have also discovered a connection between HPWS and a variety of beneficial outcomes, including improved job performance, creativity, and innovation.
A system that fosters a work environment in which employees have more involvement and responsibility is known as a high-performance work system. Employees are regarded as important business partners, and due of their dedication to making the company successful, it is possible to establish and retain a competitive edge.
A high-performance work system's ability to boost corporate productivity and efficiency is one of its main advantages.
Employee attitudes and actions are impacted by HPWS, and these employees retaliate with "extra-role activities."
To learn more about high-performance work system here
https://brainly.com/question/22971644
#SPJ4
Accounting and finance is a primary activity in the value chain. group starts
a. true
b. false
Imagine that a population of meerkats exhibits exponential growth. what does this tell you about the per-capita growth rate (r) of the meerkat population?
It tells you that the rate is going to change based on the curve of the per-capita growth rate of the meerkat population.
What is the per-capita growth rate?An algebraic standard can be used to depict population growth over a period of time. They are referred to as population models. Using a model, it is frequently simple to comprehend complex population components and interactions. Population models provide a pattern that makes it possible to forecast and comprehend how an organism will expand. The age and size of the population of the organism affect the ecological model. When developing a model, the interaction with the environment is another important consideration. Ecologists employ models to predict if a species will go extinct or become endangered, helping to rescue those species. Two models—the exponential and logistic population growth models—can predict the per capita growth.
To know more about the per-capita growth rate visit:- https://brainly.com/question/14868185
#SPJ4
The maximum fine for driving and drinking an alcoholic beverage is:________
a. $200
b. $50
c. $1,000
d. $500
The maximum fine for driving and drinking an alcoholic beverage is 1000$
Therefore, the correct option is C. $1000
Alcoholic Beverage Punishments
Alcoholic Beverage
DUI, also referred to as Alcoholic Beverage, is a form of moving violation that happens when a driver is under the influence of alcohol or another dangerous substance. If someone is caught driving after drinking, they may face jail time, fines, or a suspension of their license.
To learn more about Alcoholic Beverage
https://brainly.com/question/13769196
#SPJ4
An income statement reflects activity that occurs _____ while a balance sheet reflects values ____.
An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.
The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.
The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.
Income statement and balance sheet both constitute the financial statement of a company.
To learn more about balance sheets: brainly.com/question/14847079
#SPJ4
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a?
A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a timeshare.
What does California's legislation on subdivided land serve?The primary goal of the Subdivided Lands Act, a consumer protection law, is to guarantee that proper disclosures are given. The California Department of Real Estate interprets and applies the Subdivided Lands Act, which governs public offers of land in subdivisions for sale or lease.
In order to ensure that new development occurs in a timely manner and that services like roads, utilities, open space, and other services are adequately provided, the California Subdivision Map Act grants local governmental agencies the authority to regulate and control the design and improvements of subdivisions.
Learn more about legislation refer
https://brainly.com/question/3054689
#SPJ4
Period costs are? a. always recorded as an expense when incurred. b. expensed only when the inventory is sold. c. always considered part of the inventory.
Period costs are always recorded as an expense when incurred. So the correct option is A.
In accounting, expenses refer to the money spent or costs incurred by a company in an effort to produce revenue. Therefore, expenses are the cost of running a business in accounting, which includes the total of all the actions that will ideally result in a profit for you. There are many different ways that expenses can be defined in accounting.
The financial charges a company faces throughout operations in order to generate revenue are referred to as expenses.
To know more about expenses, click here:-
https://brainly.com/question/27659946
#SPJ4
The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income?
The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income is 840000 (1200,000 - 4000000*.30).
By calculating a company's return on equity (ROE), one can determine how well its owners' equity investments are producing income.
If any total debt was utilized to finance the company's purchase or operations, you can calculate the net equity value by deducting that amount from the enterprise value.
Take the gross income, which is the whole amount of money earned, and deduct costs like taxes and interest payments to get at net income.
Net income for an individual is the amount that they really receive from their paycheck each month as opposed to the gross amount they are paid before payroll deductions.
To learn more on net income
https://brainly.com/question/15570931
#SPJ4
What is a reflection of how economic factors are related to psychological influences?
Consumer confidence (and spending) is a reflection of how economic factors are related to psychological influences.
What is Consumer confidence?An economic indicator known as a consumer confidence index is released by numerous organizations across multiple nations. In layman's words, rising consumer confidence denotes economic expansion, which is accompanied by rising consumer expenditure, which denotes more consumption. Consumer confidence is a type of economic indicator that gauges how optimistic people are about both their individual financial conditions and the state of the economy as a whole. An economic indicator is consumer confidence. It evaluates how confident consumers are about the general state of the economy. It also gauges the degree of assurance people have in the steadiness of their income. Their level of confidence affects their financial choices, including their spending behavior.
To learn more about consumer confidence visit:
https://brainly.com/question/26250687
#SPJ4
Sana gill deposited $3,500 into a new business checking account to begin her new bookkeeping firm, gill bookkeeping. this business transaction would:__________
Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.
A business transaction is what?A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.
A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:
The deal can be valued financially.The company and the third party engage in the transaction.The deal is made on behalf of the company and not for a person's personal benefit.To know more about "Business transaction" , visit : https://brainly.com/question/19512243
#SPJ4
A firm that enhances a commercial package by adding custom features and configuring it for a particular industry is called a(n) ____.
A firm that enhances a commercial package by adding custom features and configuring it for a particular industry is called a VAR.
How Do You Define Configuration?The configuration of a computer system refers to how its parts are arranged. Both hardware and software components are included in configuration. Sometimes, individuals expressly mention software components and hardware arrangement when referring to hardware configuration. Since some hardware or software programs require a minimum configuration, it is crucial to understand computer configuration.
The operating system can be used to learn more about setups. For instance, information about the operating system version, processor specifications, and RAM information are presented by choosing the "Properties" option on "My Computer" for Windows-based operating systems. The command "msinfo32" on an MS-DOS prompt can be used to get the same details about the settings of the computer.
To know more about configuration visit:
https://brainly.com/question/15520085
#SPJ4
The very first step in developing a social marketing plan involves ______________. group of answer choices
The very first step in developing a social marketing plan involves understanding the target audience.
How to Create a Social Media Marketing StrategyHaving a strategy is essential for successful social media marketing.
You risk posting on social media just for the sake of posting if you don't have a plan. It will be difficult to succeed on social media if you don't know what your objectives are, who your target audience is, and what they want.
Creating a social media marketing strategy is crucial if you want to advance as a social media marketer or expand the reach of your company on social media.
To know more about 'social media', visit: https://brainly.com/question/13909780
#SPJ4
The typical purchase involved in an organizational buying exchange is ________ that in consumer buying.
The typical purchase involved in an organizational buying exchange is larger in size than that in consumer buying for the business.
What does organizational buying exchange mean?The expression 'organizational buying exchange' makes reference to the purchase process associated with the obtention of any type of good/service in an organized manner, which depends on geographical concentration and the presence of different types of channels for distribution.
In conclusion, the typical purchase involved in an organizational buying exchange is larger in size than that in consumer buying for the business.
Learn more about the organizational buying exchange here:
https://brainly.com/question/14093878
#SPJ1
Which limited use farm structure does not qualify for a permanent property tax exemption?
Milking barn farm structure does not qualify for a permanent property tax exemption.
What is tax exemption?Tax exemption is the reduction or elimination of a requirement to make a required payment that would otherwise be imposed on individuals, properties, income, or transactions by a ruling power. Tax-exempt status might offer full tax exemption, reduced rates, or tax on only some things.
A tax exemption is the right to have some or all of one's income exempt from federal or state taxation. The majority of taxpayers are eligible for a number of exemptions that can be used to lower their taxable income, while some people and organizations are fully free from paying taxes.
As most taxpayers understand it, a tax exemption is the ability to deduct a certain amount or percentage of gross income. The taxes owed are decreased because that income is disregarded.
To learn more about tax exemption visit:
https://brainly.com/question/8643133
#SPJ4
Ordinarily, which is the most significant audit objective and primary risk area for auditors in the examination of accounts payable?
Ordinarily, the most significant audit objective and primary risk area for auditors in the examination of accounts payable is:
Audit Objective: Completeness is the main goal of the accounts payable audit. Completeness suggests that the payable won't receive any significant future additions. Accounts payable are a significant source of operating cash flows in the drug wholesale industry because inventory turnover is very high.
Primary Risk Area:
1) Intentionally understated are expenses and accounts payable.
2) There are payments made to unsuitable vendors.
3 )Payments are made twice to vendors.
To learn more about Audit Objectives, visit the following link:
https://brainly.com/question/28453632
#SPJ4
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called.
Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called commodity markets.
What is a Market?The trade of products and services can take place in a market, which is a gathering place for interested parties. Buyers and sellers are typically the parties engaged.
The market might be actual, like a physical store where people interact in person, or it could be virtual, like an online market, where there is no face-to-face interaction between buyers and sellers.
A market's essential elements include the presence of buyers and sellers, as well as a good or service that may be bought and sold. A market determines the costs of commodities and other services regardless of the situation.
Supply and demand dictate these rates. One of the fundamental principles of economics is the concept of supply and demand. Demand is produced by buyers, but supply is produced by sellers.
To know more about the commodities market, visit
https://brainly.com/question/2262666
#SPJ4
How well a speech is organized likely will influence?
It will be more fun, simpler to grasp, and lend credibility to both you and the speech if your speech is well-organized. The typical speech should have two to four primary ideas. There is a time pattern that speeches in chronological sequence follow. Speeches that are grouped spatially follow a timeline.
It's crucial to keep in mind that speeches have three distinct parts: an introduction, a body, and a conclusion when writing one. The topic is introduced, and your audience is oriented, in the introduction, and everything is summarized in the conclusion at the end of your speech.
To learn more on organized speeches
https://brainly.com/question/14329131
#SPJ4