Answer:
resource allocation
Explanation:
Based on my findings on various business strategies, I can conclude that this scenario exemplifies the resource allocation aspect of a strategy. It represents how a company optimally uses its resources throughout the organization by identifying new opportunities for resources that have not been fully utilized. This is occurring here as funds that are currently underutilized are being redirected into the shoe business.
I trust this clarifies your question. Should you have further inquiries, feel free to ask.
A federally insured account has several benefits:
- It is typically more secure due to government-backed insurance; if the account is compromised, the government guarantees reimbursement.
- Creating a joint account is simpler for married couples.
However, there are some downsides:
- The interest rates on these accounts often lag behind inflation, which essentially diminishes the account’s value over time.
- There is a cap of $250,000, meaning any amount above this limit cannot be added to the account.
I believe the answer is C, though I'm unsure.
Answer: 90 days and 4.06 times
Explanation:
The short-term operating cycle is calculated by adding Average production process time + Days goods are held + Days Accounts receivable are due]
= 40 + 15 + 35
= 90 days
With a 365-day year, the cycle will turnover;
= 365/90
= 4.0556
= 4.06 times
Response:
Details:
The journal entry for the payment received on April 13 from a customer is recorded as:
Date Account title and explanation Ref Debit Credit
Apr-13 Cash ($5000 - $150) $4,850
Sales discount ($5000* 3%) $150
Accounts receivable
$5000
(To document the payment received from the customer after discount
