UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
Chapter 20.1, Problem 20.1BQ
Summary Introduction
To discuss: The drawbacks for barter system.
Introduction: In ancient times, individuals exchange the product, which is owned by them to get the product in accordance of need from the other individual. This method is known as barter system.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Hint(s)
Check My Work
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per
roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size:
Quantity Ordered
From
1
41
80
81
161
160
and up
To
40
Price per Roll
$215
$195
$175
$155
Click on the datafile logo to reference the data.
DATA file
(a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders.
$
Please original work
Discuss how technology and innovation focused firms gain competitive advantage.
What resources are needed for corporate venturing?
Who establishes industry standards and why are they important?
Describe the characteristics of a knowledge management system.
What characteristics of communication processes exist in an organization where learning is taking place?
Please cite in text references and add weblinks
Our firm has been the auditor of Caribild Products, a listed company, for a number of years. The
engagement partner has asked you to describe the matters you would consider when planning the audit for
the year ended 31 January 2022.
During your recent visit to the company, you obtained the following information:
(a) The management accounts for the 10 months to 30 November 2021 show a revenue of $260 million and
profit before tax of $8 million. Assume sales and profits accrue evenly throughout the year. In the year
ended 31 January 2021, Caribild Products had sales of $220 million and profit before tax of $16 million.
(b) The company installed a new computerised inventory control system, which has operated from 1 June
2021. As the inventory control system records inventory movements and current inventory quantities, the
company is proposing:
(i) To use the inventory quantities on the computer to value the inventory at the year-end
(ii) Not to carry out an inventory count at the year-end…
Chapter 20 Solutions
UNDERSTANDING BUSINESS (LL/ACCESS)
Ch. 20.1 - Prob. 20.1AQCh. 20.1 - Prob. 20.1BQCh. 20.2 - Prob. 1TPCh. 20.2 - Prob. 2TPCh. 20.2 - Prob. 3TPCh. 20.2 - Prob. 4TPCh. 20.2 - Prob. 5TPCh. 20.3 - Prob. 20.3AQCh. 20.4 - Prob. 1MEDCh. 20.4 - Prob. 6TP
Ch. 20.4 - Prob. 7TPCh. 20.4 - Prob. 8TPCh. 20.5 - Prob. 20.5AQCh. 20.6 - Prob. 20.6AQCh. 20.7 - Prob. 20.7AQCh. 20.7 - Prob. 9TPCh. 20.7 - Prob. 10TPCh. 20.7 - Prob. 11TPCh. 20.7 - Prob. 12TPCh. 20.7 - Prob. 13TPCh. 20 - Prob. 1CECh. 20 - Prob. 2CECh. 20 - Prob. 3CECh. 20 - Prob. 1CTCh. 20 - Prob. 2CTCh. 20 - Prob. 3CTCh. 20 - Prob. 4CTCh. 20 - Prob. 1DCSCh. 20 - Prob. 2DCSCh. 20 - Prob. 3DCSCh. 20 - Prob. 4DCSCh. 20 - Prob. 5DCSCh. 20 - Prob. 1PPTCh. 20 - Prob. 2PPTCh. 20 - Prob. 3PPTCh. 20 - Prob. 1VCCh. 20 - Prob. 2VCCh. 20 - Prob. 3VC
Knowledge Booster
Similar questions
- How Lean management in manufacturing is applied through focusing on waste discount, continuous improvement, and performance to Circuit City? Six Sigma is a statistics-driven business strategy focused on reducing defects, enhancing best, and optimizing procedures, how does it apply to Circuit City? Are benefits of Lean Six-Sigma methodology can apply to Circuit city? How to Makes Consulting Recommendations Effective and Sustainable for this company?arrow_forwardWhat do we know right now about the Himachal Fertilizer Corporation and the situation? What are the potential scenarios at play at this point in time (e.g., what could have caused the current issue)?arrow_forwardWith your experience and research, discuss;(a) what type of “Leadership Style” is used in communications services?(b) whether the style used is successful or not and why. Justify your position with relevant citation and references ( Rubic is attached to guide the essay ) NOTE: NO AI RESPONSES PLEASEarrow_forward
- Please no chatgpt or artifical intelligence The evaluation stage of a firm’s actions are built around what three key questions? When an organization chooses an innovative strategy the organization must then plan, implement, evaluate, and control activities. Describe each of these steps. Discuss the critical decisions that must be made during implementation to ensure the firm does not get mired in an innovation strategy that leads to disaster. The three broad types of measure that should be considered in the innovation strategy evaluation and control effort are? Please cite in text references and add weblinks If there are gaps found in goals and performance the common adjustments that can be made include what?arrow_forwardCan you guys help me with this? Here is the list of Project Life Cycle Phase with Work Package in there Here is the PERT Calculation: Please calculate all the time that list in the PERT calculation for each of the work packagearrow_forwardIn regards to the Belize Road Safety Project 2012: Critically assess whether or not the project was successful using the project’s triple constraints and value/benefit realization as the evaluative criteria. Explain how ‘Quality Assurance’ was accomplished throughout the duration of the project.arrow_forward
- What are the three most important interpersonal skills a leader needs to develop a successful team to high performance in a diverse and changing cross-cultural work environment and expalin why each is necessary?arrow_forwardAssignment Scenario: You are a consultant for a local company in your country considering expanding its operations internationally. Your task is to prepare a proposal on how the company can successfully enter international markets. You can choose one of the following industries to create an international expansion plan for: 1. Tourism and Hospitality or 2. Agriculture and Food Processing.arrow_forwardWhat do we know right now about the Himachal Fertilizer Corporation and the situation? What are the potential scenarios at play at this point in time (e.g., what could have caused the current issue)?arrow_forward
- What steps will the union organizers have to take in order to advance the process to an election ? what role will the national labor relations board play in the election process ? during the organizing campaign what specific things are the employer prohibited from doing ? during the organizing campaign what methods can the employer use to persuade employees not to vote in favor of the union ?arrow_forwardPlease original work Reflect on your most important learning and new understanding gained regarding balanced scorecards. what you might do differently in your current company or a previous company. Alternatively, reflect on how you would use a balanced scorecard if you were the CEO of an organization. Include the likelihood that you would use a balanced scorecard based on what you’ve learned in the course. Please cite in text references and add weblinksarrow_forwardMatrix 15.1Use this data in this matrix to answer the following questions.Class505560657077.58592.5100< 500 lb34.336.9439.5941.9444.6448.151.955.8960.27Matrix of Weight Breaks and Freight Class (S/cwT)500 lb 1,000 lb 2,000 lb 5,000 lb 10,000 lb28.3224.2523.04 17.5815.7430.526.1224.8218.9317.4132.6927.9926.6 20.2919.0834.6429.6628.1821.4920.2736.8631.5629.9922.8821.9439.7234.0132.3224.6523.8542.8636.734.8726.626.2446.1539.5237.5628.6428.3849.7742.6140.530.8930.7720,000 lb10.4711.5812.6913.4814.5915.8617.4518.8720.46Refer to Matrix 15.1. What is the cost to ship a 5,000 pound item in freight class 65?O $1,074.500 $21.49O $107,4500 $5,000arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage LearningMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing