Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is a way to reconfigure a value chain?

Outsourcing non-core activities to specialized firms

Increasing the selling price of finished goods

Delaying supplier payments to improve cash flow

Reducing the number of employees in the marketing department

Previous problemNext problem

Verified step by step guidance

Understand the concept of a value chain: A value chain refers to the full range of activities required to create a product or service, from conception to delivery and beyond. It includes inbound logistics, operations, outbound logistics, marketing, sales, and service.

Identify the goal of reconfiguring a value chain: The purpose is to optimize efficiency, reduce costs, and enhance the competitive advantage of the business.

Evaluate the options provided: Analyze each option to determine whether it aligns with the goal of reconfiguring the value chain. For example, outsourcing non-core activities to specialized firms can streamline operations and focus resources on core competencies.

Consider the impact of each option on the value chain: Increasing the selling price of finished goods affects pricing strategy, not the structure of the value chain. Delaying supplier payments impacts cash flow management, not the efficiency of the value chain. Reducing employees in the marketing department may cut costs but could weaken marketing efforts.

Conclude that outsourcing non-core activities to specialized firms is a valid way to reconfigure a value chain, as it allows the business to focus on its core activities while leveraging external expertise for non-core functions.