Changes required in the Business Processes to take advantage of
the MCKinsey framework.(at last 3 changes in business process)
Answers
The McKinsey framework can be used by businesses if they define the context, keep their attention on the findings, and develop clear connections between various aspects of their operations.
Define the context: Businesses must identify the environment in which they operate if they are to use the McKinsey framework effectively.
Stay focused on the findings: It's crucial to remain objective while presenting a study's or analysis's findings and to refrain from speculating about how they might apply to different demographics or situations.
Establish clear relationships: Businesses should establish explicit linkages between the many components of their operations to encourage consistency and accuracy.
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Related Questions
ABC Company reported the following accounts in its unadjusted
trial balance at December 31, 2027:
Dividends. $ 14,000
Income Tax Expense. $ 25,000
Interest Revenue. $ 31,000
Salaries Expense. $ 33,000
Cash. $ 36,000
Prepaid Insurance. $ 42,000
Unearned Revenue. $ 51,000
Cost of Goods Sold. $ 53,000
Accounts Receivable. $ 57,000
Land. $ 69,000
Accounts Payable. $ 81,000
Trademark. $ 88,000
Inventory. $ 91,000
Retained Earnings. $105,000 (at January 1, 2027)
Sales Revenue. $117,000
Common Stock. $123,000
As of December 31, 2027, ABC Company needs to record adjusting
entries related to the following three items:
1) The prepaid insurance relates to a two-year insurance policy
that ABC Company purchased on June 1, 2027.
2) A utility bill totaling $9,000 was received in late December.
ABC Company expects to pay the bill in January, 2028.
3) The unearned revenue relates to a $51,000 payment received by
ABC Company on August 1, 2027. The payment was from a customer
who paid ABC for services to be provided each month for twenty
months, beginning on August 1, 2027.
Calculate ABC Company's total assets at December 31, 2027 after the
appropriate adjusting entries have been recorded and posted
Answers
ABC Company's total assets at December 31, 2027, amount to $371,750.
Prepaid Insurance:
Since the insurance policy is for two years and was purchased on June 1, 2027, the portion applicable to December 31, 2027, would be for 7 months (June to December). Therefore, the adjustment would be:
Prepaid Insurance = $42,000 - ($42,000 * 7/24) = $30,750
Utility Expense:
The utility bill of $9,000 is an expense for the current period, so it should be recognized. This will reduce retained earnings.
Unearned Revenue:
As per the terms, the company earned revenue for 5 months (August to December) out of the 20-month service period. Therefore, the adjustment would be:
Unearned Revenue = $51,000 - ($51,000 * 5/20) = $38,250
Now, let's calculate the total assets:
Total Assets = Cash + Accounts Receivable + Prepaid Insurance + Land + Inventory + Trademark
Total Assets = $36,000 + $57,000 + $30,750 + $69,000 + $91,000 + $88,000
Total Assets = $371,750
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An+open-end+fund+has+a+net+asset+value+of+$10.70+per+share.+it+is+sold+with+a+front-end+load+of+6%.+what+is+the+offering+price?
Answers
The offered price is $11.38 per share. The offering price for this particular item can be determined to be $11.38.
This is due to the fact that the offering price contains a 6% front-end load, which implies that only $0.94 of every dollar spent actually goes toward buying the share. Therefore we can make the following computations ...$10.07 / (1 - 0.06) = $11.38Making the ultimate offering price $11.38
An offering price is the cost at which something is made available for purchase. The term "offering price" in finance and investing most frequently refers to the price per share at which publicly-issued securities are made available for purchase by the investment bank during an IPO (IPO).
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What are the 4 types of lines in math?
Answers
the 4 types of lines in math Types of Line:Horizontal Lines.Vertical Lines.Parallel Lines.Perpendicular Lines.
Quantities and their variations, shapes and the areas in which they reside, formulas and related structures, and numbers are all examples of mathematical concepts. Number theory, algebra, geometry, and analysis, respectively, are the four primary branches of modern math that deal with these subjects. There isn't a consensus among mathematicians over a common definition for their academic discipline.
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gantt charts are part 2 a. widely used network techniques. b. not easy to understand. c. planning charts used to schedule resources and allocate time. d. not widely used.
Answers
Gantt chart are planning charts used to schedule resources and allocate time, which means that option C is the right answer.
A Gantt chart is a very useful project management tool which helps to show how the work is completed over a period of time in comparison to the time planned for the work. This enable to create a comparative chart. It can include all kinds of data, dates, tasks assigned and other needful information and can help correlate the data. It is widely used by business firms to deal with project scheduling, systematic operations and production routines. As the project progresses, the chart's bars are shaded to show which tasks have been completed.
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What is debt?
I have to put twenty characters. To ask this question.
Answers
ramone has brought several accessories to the photo shoot he is working on: commercial reflectors, bed sheets, white poster board, and foam. what is ramone most likely planning to use these items for?
Answers
Making images and layouts for print projects like newspapers, periodicals, and posters is made easy with Photoshop. Additionally, the software is capable of producing digital artwork like logos and website designs.
What is Photoshop?Adobe created the image-creation, graphic-design, and photo-editing program Photoshop. For pixel-based images, raster graphics, and vector graphics, the software offers a variety of image editing options.1988 saw the initial release of Adobe Photoshop. It was developed by Thomas and John Knoll and originally designed for Macintosh computers, but it is now accessible on Windows and macOS systems.The Adobe Creative Cloud, which also includes well-known programs like Adobe Illustrator, Photoshop Lightroom, and Adobe Dreamweaver, incorporates Photoshop. Users of Photoshop Creative Cloud are able to edit and create graphics from any location.To Learn more About Photoshop Refer TO:
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Which aspect of an entity becomes the columns in the database table?
a. data files
b. attributes
c. relationships
d. E-R diagrams
Answers
The correct answer is option b. attributes. When creating a database table, the attributes of an entity become the columns in the table.
Attributes represent the specific properties or characteristics of an entity. For example, if the entity is "Student," the attributes might include student_id, first_name, last_name, and age. These attributes would then become the columns in the "Student" database table. The aspect of an entity that becomes the columns in the database table is its attributes. Attributes are characteristics or properties of an entity that are relevant to the organization and need to be stored in the database. Examples of attributes for a "customer" entity might include name, address, phone number, and email address. E-R diagrams can be helpful in visualizing the structure of a database and identifying the attributes that need to be included in each table. However, the columns in a database table ultimately correspond to the attributes of the entities, not the E-R diagram itself.
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I need help on this.
Which of the following would NOT cause the supply curve of agricultural products to shift to the right?
A. An improvement in technology
B. An increase in subsidies
C. Favourable weather conditions (resulting in a bumper yield)
D. An increase in the wages of the agricultural workers
Answers
Answer: B
Explanation:
It is B because it has an increase in subsidies
A bank has written 10,000 call option on one stock and 10,000 put option on another stock. For the first option the stock price is $50, the strike price is $51, the volatility is 28% per annum, and the time to maturity is nine months. For the second option the stock price is $20, the strike price is $19, the volatility is 25% per annum, and the time to maturity is one year. Neither stock pays a dividend, the risk-free rate is 6% per annum, and the correlation between stock price returns is 0.4. Calculate a 10-day 99% VaR for bank’s portfolio of 10,000 calls and 10,000 puts.
Answers
Compare items that are exempt and nonexempt from Chapter 7 fillings.
second car
pension
household appliances
family heirlooms
The allowance method requires managers to estimate future uncollectible accounts and to record that estimate in the current year. True or false?.
Answers
True, the allowance method requires managers to estimate future uncollectible accounts.
The receivable balance in the various ageing categories is multiplied by a reserve rate to determine the allowance for uncollectible accounts. Older receivables are subject to a higher reserve rate since they are less likely to be recovered.
The allowance technique, which involves estimating the amount of ambiguous expense expected, is used by the majority of businesses. In order to comply with the matching principle, which mandates that revenues and associated expenses be matched within an accounting period, this is done.
One or both of the following approaches can be used to apply the allowance method: concentrating on the necessary bad debt expense for the income statement.
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according to the ifac code of ethics for professional accountants, audit teams are required to be independent of the audit client during the engagement period and during which other period?
Answers
290.28 It is necessary to maintain independence from the audit client both during the engagement and the time period covered by the financial statements. The audit team's first audit service marks the beginning of the engagement period.
Who are the professional accountants covered by the IFAC Code of Ethics?
The basic tenets of the Code—integrity, objectivity, professional competence and due care, confidentiality, and professional behavior—set the bar for conduct required of a professional accountant (PA) and demonstrate the profession's understanding of its duty to serve the public good.
Why did the International Federation of Accountants (IFAC) create the Code of Ethics for Professional Accountants?
In order to ensure adherence to the following five core ethical standards, the updated Code establishes a conceptual framework for all professional accountants: Integrity. Objectivity. A qualified accountant should not permit prejudice, conflicts of interest, or excessive influence from others.
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Read the excerpt from It's Our World, Too!: Young People Who Are Making a Difference.
Andy Percifield had been busy, too. There were only two days before the next game. He was determined that his school would do the right thing, no matter what the principal said. He had an idea: maybe the students themselves could write a letter against racism that could be read over the microphone in the press box to everyone at the game. It would have to be powerful enough to satisfy the protesting players and shame the racist fans.
Which statement best describes how Andy has been affected by the conflict?
Answers
Hello. You forgot to show the answer options. The options are:
Andy has lost his faith in the system after talking to the principal and he has decided to act on his own.
Andy has become very angry about the racist fans and he will put an end to their comments no matter what.
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Andy feels bad for the protesting players, but he does not want to get too involved in other people’s problems.
Answer:
Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
Racism is the conflict that is bothering Andy, affecting him to the point of looking for a way to diminish racist comments and even prevent them from happening. In summary, we can say that the conflict causes Andy to look for changes in his schools, suppressing racism and promoting a more comfortable and fair environment for all students.
Answer:
I think it is:
C. Andy is intent on making a change for the better and putting an end to the racist comments coming from the racist fans.
Explanation:
In 2001, the economy of the United Kingdom exported goods worth £192 billion and services worth another £77 billion. It imported goods worth £225 billion and services worth £66 billion. Receipts of income from abroad were £140 billion while income payments going abroad were £131 billion. Government transfers from the United Kingdom to the rest of the world were £23 billion, while various U.K government agencies received payments of £16 billion from the rest of the world.
A) Calculate the U.K. merchandise trade deficit for 2001.
B) Calculate the current account balance for 2001.
C) Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.
Answers
Answer:
A) Deficit 30 , B) Deficit 20 , C) Forex inflow is at positive side, forex outflow on negative side
Explanation:
A) Merchandise deficit is the difference between value of exported visible goods & imported visible goods.
UK 2001 trade deficit = Goods export value - Goods import value
£192 - 225 = - 30
So, Trade Deficit = 30
B) Current account balance is the difference between : forex inflow by goods & services exports, unilateral transfers, factor incomes received and- forex outflow by goods & services imports, unilateral transfers, factor incomes paid.
Current account Balance = (Goods & services export value + Income & transfer payments from abroad) - (Goods & services import value + Income & transfer payments to abroad)
= (192 + 77 + 140 + 16) - (225 + 66 + 131 + 23)
-20 [Deficit]
C) An item causing foreign exchange inflow leads to positive side on current account balance (eg exports). An item causing foreign exchange outflow leads to negative side on current account balance (eg imports)
Which of the following is an
example of a wellness perk?
Answers
Answer:
I think it's letter
"A"
COBRA
what is business?????????????
Answers
A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.
Do you think consumer should be expected to take into account the ethical track record of companies when making a purchase why or why not
Answers
Businesses have an ethical duty to the people who use their products and services. Businesses that practice socially responsible business act in their consumers' best interests.
Briefing:-Profit, customer satisfaction, and societal well-being are all valued equally by businesses in how business is conducted.
Customers care about ethical products, but how much?More than 84 percent of poll participants stated that they would be prepared to forgo convenience (such as slower delivery) in exchange for a good if they knew it had been manufactured or obtained ethically.
Why is studying consumer ethics important?Researching consumer ethics is essential to completely comprehending the forces that shape consumer behavior.
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Which among the 4 common errors that leads to unbalanced account is the HARDEST to resolve. Explain Why.
Answers
The common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication.
In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.
Generally, the recognized type of errors in accounting includes:
Error of Original EntryError of DuplicationError of OmissionError of Entry ReversalError of Principle Error of CommissionTransposition ErrorsRounding Errors etcIn conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication because they are easy to correct.
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Which of the following is not an example of professional behavior
?
Answers
Define the term unemployment and explain the relationship between unemployment and crime
Answers
Answer:
The term unemployment refers to a situation where a person actively searches for employment but is unable to find work.
an illegal act for which someone can be punished by the government. especially : a gross violation of law. : a grave offense especially against morality
Explanation:
hope it helps️️
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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please help this is for economics
Answers
Answer: its not clear
Explanation:
do u mind send or uploading it again?
Which government commission monitors the hiring practices of organizations by analyzing their annual hiring reports
Answers
The government commission which monitors the hiring practices of organizations by analyzing their annual hiring reports is:
Equal Employment Opportunity CommissionWhat is The Equal Employment Opportunity Commission?This refers to the government agency which is in charge of regulating the hiring process of organizations to make sure hay are free and fair.
With this in mind, we can see that this independent agency makes their investigation and analysis through the annual reports of the company.
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Describe at least four ways you can take money out of a checking account. (1-4 sentences. 2.0 points)
Answers
Answer:
write a check, use an ATM, fill out a withdrawal slip and take it into the bank
A. State the two principles of Behavioral Economics used to identify an individual's estimated value of a good. 2
B. Construct a "fuzzy demand curve" with an associated price axis that ranges from $150 to $450 for Good LM-a self-propelled robotic electric lawnmower that can operate for two hours without re-charging and can cut grass that is 2 inches tall. C. Assume Good LM is initially priced at $300. Return to the "fuzzy demand curve" in 4D and identify the complete segment of consumers who are willing and able to purchase Good LM. D. Assume three new suppliers introduce self-propelled robotic lawnmowers that can operate for three hours without re-charging and can cut grass that is 3 inches tall-and these Goods are priced at price $350. Adjacent to your fuzzy demand curve in A, construct a new "fuzzy demand curve" with an associated price axis and quantity axis for Good LM after the introduction of the three new lawnmowers.
Answers
A. The two principles of Behavioral Economics used to identify an individual's estimated value of a good are loss aversion and reference dependence
B. Constructed "fuzzy demand curve" with associated price axis ($150 to $450) for Good LM: [Imagine a graph with price on the vertical axis and quantity demanded on the horizontal axis. Draw a downward-sloping line connecting the points ($150, Q1) and ($450, Q2), indicating the range of prices and associated quantity demanded.] C. Assuming Good LM is initially priced at $300: [On the fuzzy demand curve from part B, mark the point where the price axis intersects with $300. This point represents the initial price of Good LM.] D. After the introduction of the three new lawnmowers priced at $350: [Draw a new fuzzy demand curve adjacent to the previous one. The new curve should show a decrease in quantity demanded at each price level compared to the original curve. The downward-sloping line should shift slightly to the left, indicating the decreased demand for Good LM due to the availability of alternatives
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Jocasta owns an apartment complex that she purchased 6 years ago for $750,000. Jocasta has made $50,000 of capital improvements on the complex, and depreciation claimed on the building to date is $128,700
Answers
Answer:
$671,300
Explanation:
Calculation to determine Jocasta's adjusted basis in the building.
Adjusted basis =[$750,000-($128,700 - $50,000)]
Adjusted basis=$750,000- $78,700
Adjusted basis = $671,300
Therefore Jocasta's adjusted basis in the building will be $671,300
Which industry is the second-largest employer of teens
and young people?
What percentage of employed teens are employed by
the government?
I got it
is retail trade
and 7%
Answers
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
Answer:
Retail Trade
7%
Explanation:
Edge 2020
All organizations must consider the possibility of unplanned disasters and create _____, which specify how the company will handle a variety of unplanned situations.
Answers
One of the best ways to prepare for unplanned disasters is for the company to create:
Contingency plansWhat is a Contingency Plan?This refers to the series of actions to take by a company or a person in the possible event of unplanned problems so that they can have the resources to navigate the problem.
With this in mind, we can see that this is very important as it helps them to stay afloat and weather many business storms which might come up that can be covered by finance.
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Posttest
Your boss called you inta meeting this morning to tell you that he feels that you are not being as productive as you could be. He thinks you are wasting time on things that don't matter. What is the best strategy to address his concerns and to help you overcome whatever productivity issues you may have?
Answers
Approach your boss's concerns with an open mind, being transparent about your work activity, taking ownership of your progress, setting goals and deadlines, prioritizing your work, and using productivity tools can help to address any productivity issues you may be facing.
Tips that may help you approach the conversation with your boss in a productive manner:1. Listen carefully to your boss's concerns: Your boss's feedback is valuable, and it's important to listen to what they have to say about your productivity. Make sure to fully understand their concerns before responding.
2. Be transparent about your work:- Provide your boss with a detailed account of your work activities so that they can get a better sense of what you are spending your time on.
3.Take responsibility for improvement: As an employee, it's important to take ownership of your productivity issues and find solutions to any weaknesses that have been identified. Instead of blaming external factors, focus on what you can do differently to become more efficient and productive.
4. Set clear goals and deadlines: Work with your boss to set specific goals and deadlines for your work. This will help you stay focused and give you a clear sense of what you need to accomplish each day.
5. Prioritize your work: There are always going to be distractions and competing demands on your time, but it's important to prioritize your work based on what is most important and what will have the greatest impact on achieving your goals.
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How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
Answers
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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t-account analysis can be used to gain insights into why accrual basis earnings and cash basis earnings differ and to
Answers
T-account analysis can be used to gain insights into why accrual basis earnings and cash basis earnings differ and to identify the specific transactions that are causing the differences between the two methods.
For example, if a company records revenue on an accrual basis when it is earned but hasn't received payment yet, it will show up as an increase in accounts receivable on the balance sheet. However, on a cash basis, revenue is only recognized when payment is received.
Therefore, if there is a significant difference between the two methods, a t-account analysis can help to identify which accounts are causing the difference, such as accounts receivable, accounts payable, or inventory.
By understanding the specific transactions that are causing the differences, companies can better manage their cash flow and make informed decisions about how to allocate resources.
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