Generates revenues - Study guides, Class notes & Summaries

False - ANSWERSThe length of time it takes to produce a unit of output from the time raw materials are received (starting point) until the product is delivered to finished goods inventory (finishing point) is called responsiveness time. True - ANSWERSVelocity is the number of units of output that can be produced in a given period of time. True - ANSWERSTransfer price is the price paid on sales between two divisions of the same company. True - ANSWERSTransfer pricing policies are set by ...

HSP Revenue Management Questions and Answers Already Passed Over the last several years, the industry has recognized that revenue management can no longer be a tactical approach to room and pricing management only. True A variable cost is the cost associated with an occupied room regardless of the total number of rooms occupied. False Being able to identify and understand the expenses per occupied room provides hoteliers with an opportunity to not only control expenses but also to identify an...

What is the vital function of financial markets? - Answer- Help facilitate transfer of capital What are the three components of the wealth transfer process? - Answer- Financial instruments (what is actually bought / sold) Financial markets (facilitating / buying financial instruments) Financial intermediaries (people / companies involved in financial instruments and markets) What is capital made up of? - Answer- Capital is made up of governments, corporations and individuals How i...

Pharmaceuticals - medicines and vaccines for human and animal use. products may have a brand name or be generic, and they may be prescription or OTC Diagnostic - equipment and supplies used in screening, detecting, and monitoring disease. can range from simple home testing kits to sophisticated imaging technologies Medical devices - advanced instrumentation and appliances used for medical therapy, such as joint replacements, implantable defibrillators, and pacemakers. Also includes drug d...

Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...

Defferral a revenue or an expense event that is recognized after cash has been exchanged prepaid items Deferred expenses (ex. prepaid insurance or prepaid rent) Revenue an increase in assets or a decrease in liabilities that a company obtains by providing customers with goods or servics cash discount Price reduction on merchandise sold offered by sellers to encourage prompt payment; when taken, represents a sales discount to the seller and a purchase discount to the buye...

Primary users of financial statements - correct answer- Existing and potential investors - Existing and potential landers and creditors Secondary users of financial statements - correct answer- Customers - Employees - Gov. and Regulatory Agencies - the general public Statement of financial position (balance sheet) - correct answerAn accounting statement that records the values of a business's *assets*, *liabilities* and *shareholders' equity* at one point in time Income Statement ...

SOUTHERN NEW HAMPSHIRE UNIVERSITY 2024 SOPHIA LEARNING - MANAGERIAL ACCOUNTING MODULES: QUESTIONS AND ANSWERS SOLVED 100% A- Compare managerial accounting concepts and financial accounting concepts. a.) Purchasing manager b.) Production manager c.) Bank manager d.) Budget manager Correct * c: Banks and credit unions are external users that rely on financial information, such as audited financial statements, to lend money. B- Which of the following is an example of an internal deci...

Margin is sales divided by assets, and turnover is operating income divided by sales.False If a company has sales of $80,000, operating income of $5,000, and assets of $20,000, it's ROI is 25%.True ROI=Margin X turnover Margin=Operating Income/ Sales Turnover=Sales/ Assets Transfer price is the price paid on sales between two divisions of the same company.True Transfer pricing policies are set by the overall company based on market price, full cost, or negotiation.True The length of time...

Principles of Financial and Managerial Accounting - D196 Already Passed 2024 updated questions and answers What are the three functions of Accounting Systems - CORRECT ANSWERS Analysis of events, routing book keeping, and structuring data for evaluation Why do you structure the information in accounting systems - CORRECT ANSWERS used to evaluate the performance and health of a business What does it mean to analyze a business - CORRECT ANSWERS determine if the information should be cap...