The correct answer to the question above is $5,600.
Step-by-step explanation:
Given data:
Cost of asset: $25,000Estimate useful life: 4 yearsMethod of depreciation: straight-line methodSalvage value: $2,600Depreciation Expense = (Cost - Salvage value) / Estimated useful life
Deprecation Expense = ($25,000 - $2,600) / 4
Deprecation Expense = $22,400/4 = $5,600
The company should recognize depreciation expense in year 2 in the amount of $5,600.
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lark company, which uses the high-low method, had total costs of $30,370 at its lowest level of activity, when 7,100 units were sold. when, at its highest level of activity, sales equaled 12,700 units, total costs were $39,890. lark would estimate fixed costs as:
Applying the high-low technique: Total expenses - units Equals a decimal when subtracted. Answer: Decimal times the greatest unit multiplied. The solution is to deduct the biggest total cost.
The high-low approach is a methodology used in cost accounting to divide mixed expenses into variable & fixed costs. Using the high-low technique: (Highest activity cost – Lowest activity cost) x (Highest activity units – Lowest activity units) = Variable cost per unit. Fixed cost is equal to the cost of the highest activity, or (Variable cost x the highest activity units). Fixed expenses + (Is around + Unit activity) equals high-low cost. You must first determine the fixed cost component and afterwards the variable cost component, after which you must enter the data into to the cost model formula. The high-low strategy involves calculating fixed costs after determining variable costs. Costs which have already been spent and that actions made now or in the future cannot change. the price of making one additional unit.
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true or false: businesses should avoid using social and mobile media technologies. true false question. true false
The statement businesses should avoid using social and mobile media technologies is false.The percentage was 86.2 percent in 2013. Social media is used by businesses because it enables them to: Connect with their stakeholders and customers.
Offer additional customer service options. Provide customers with useful information. Through promotion, consumers are to be persuaded that they require these goods and that the price is reasonable. Promotion encompasses public relations, advertising, and the entire media strategy used to launch a product. A "series of operations that culminates in the delivery of the businesses advantages" is referred to as a "process."
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a consulting company must hire 13 new associates per year to replace those who have left the company for other positions or have retired. the company employs 147 associates overall. how long is the average associate employed at the consulting company? note: round your answer to 1 decimal place.
Rounding to one decimal place, the average length of employment for an associate at the consulting company is 11.3 years.
To calculate the average length of employment for an associate at the consulting company, you can divide the total number of associates by the number of replacements needed each year.
147 associates ÷ 13 replacements per year = 11.3 years
This calculation assumes that the number of associates leaving the company each year is equal to the number of new hires and that the company has a stable level of employment. In reality, the length of employment for individual associates may vary, and the company may have fluctuations in the number of associates on its payroll from year to year. Nevertheless, this calculation provides a rough estimate of the average length of employment for associates at the consulting company.
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ginger had purchased the property for $48,000. six months later, she sold it for $54,000. what was her percentage of gain?\
The percentage gain was 12.5%. It's crucial to determine the gain or loss on investment as a percentage since it illustrates the difference between what was gained and what was required to obtain the gain
To calculate the percentage gain on an investment follow the steps mentioned below:
Investors must first identify the original cost or purchase price of the transaction.
The investment gain or loss is then calculated by deducting the investment's acquisition price from its selling price.
Divide the investment's gain or loss by the cost of the investment or the original acquisition price.
According to Question:
Cost Price = $48000
Selling Price = $54000
[tex]=\frac{Selling Prince - Cost Price}{Cost Price}*100[/tex]
[tex]=\frac{54000 - 48000}{48000}*100[/tex]
=[tex]\frac{6000}{48000}*100[/tex]
=12.5%
The percentage gain was 12.5.
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_____ describes how people make purchase decisions and how they use and dispose of the purchased goods and services.
"Consumer behavior describes how people make purchase decisions and how they use and dispose of the purchased goods and services."
The process of purchasing goods and services is not as simple as it may seem. There are many factors that influence a consumer's decision-making process, as well as the way they use and dispose of what they purchase.
Consumer behavior is the study of the psychological, social, and economic factors that influence the decisions and actions of individuals and households in choosing, using, and disposing of products, services, and ideas.
Consumer behavior is a complex process that involves a variety of factors, including personal, social, and cultural influences. Personal factors such as age, income, education, and lifestyle can all play a role in the consumer decision-making process. Social factors such as family, friends, and reference groups can also have an impact on the choices that consumers make.
Cultural factors such as beliefs, values, and customs are also important considerations in consumer behavior. For example, certain cultures may place a higher value on status symbols, while others may place a greater emphasis on the practicality and functionality of a product.
In addition to the factors that influence purchase decisions, consumer behavior also encompasses how people use and dispose of the products and services they purchase.
For example, some consumers may use a product as intended, while others may find creative or alternative uses for the product. Similarly, some consumers may dispose of products in an environmentally responsible manner, while others may simply throw them away.
Overall, understanding consumer behavior is important for businesses and marketers who seek to develop effective strategies for attracting and retaining customers. By analyzing the factors that influence consumer decisions and behaviors, businesses can develop products and services that better meet the needs and desires of their target customers.
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what is the total cost of crashing the project 4 weeks (just the additional cost, not total project cost)? (display your answer to two decimal places.)
It can be seen that the least cost way to achieve a total project completion time of 19 weeks is to collapse activity 5 in one week.
The crash cost is the cost associated with selecting the fastest alternative to complete the effort. Please note that this is not the additional cost,but rather the full cost associated with the alternative approach. As such, the formula returns a value that represents the crash cost per period of time. Crashing is the method of shortening project duration by reducing the time of one or more critical activities to less than their normal time.On lockdown, if the cost increases, the time decreases.Project crash is when you shorten the duration of a project by reducing the time of one or more tasks. Blocking is done by increasing the resources of the project, which helps tasks take less time than they were of course planned, this also adds to the overall project cost.
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tony finds out his credit score is 650. what is the meaning of his score? a. poor b. fair c. good and. excellent
In a case whereby Tony finds out his credit score is 650 the meaning of his score is b. fair.
What is a good credit score ?Despite the fact that ranges differ based on the credit scoring model, generally speaking, credit scores between 580 and 669 are regarded as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and up as exceptional.
A score of 650 is considered to be fair in most cases. Even though a lot of people have good scores, having a score in this range may make it challenging to obtain credit without paying exorbitant fees and interest rates.
Therefore, option B is correct.
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If demand is _____, a higher price yields _____ total revenue.
Question is: If the demand is _____, the higher price equals the total sales of _____. higher elasticity; higher elasticity; Ans) no change) the correct choice is. If demand is inelastic,
Demand is elastic if the formula gives an absolute value greater than 1 The most common commodities with inelastic demand are utilities, prescription drugs and tobacco products. In general, staple foods and healthcare tend to be the least elastic, while luxuries tend to be the most elastic. What happens when demand becomes more inelastic?
Inelastic demand means that consumers' purchasing habits remain largely unchanged when the price of a product or service rises, and consumers' purchasing habits remain roughly the same when prices fall.
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Which sentences identifies business to business advertising?
Tech Giant company showing advertisements of a social media platform. B2B marketing refers to paid advertising campaigns that target other businesses rather than consumers.The answer is OPTION C.
B2B advertising is when you pay to inform other businesses about your offering. Any marketing initiatives that are targeted towards other businesses rather than the final consumer are referred to as business-to-business advertising. B2B advertising can feature the promotion of tangible goods, digital products, or services.
The que is incomplete complete que is given below:
a. Customers buying ice cream from shop.
b. Student buying pen from shop.
c. Tech Giant company showing advertisements of a social media platform.
d. Owner putting advertisement to rent his house.
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if the demand curve for a good shifts leftward, a. quantity demanded remains constant at each price. b. quantity demanded is greater at each price. c. demand is greater at each price. d. quantity demanded is less at each price.
If the demand curve for a good shifts leftward, the quantity demanded is less at each price. Here option D is the correct answer.
The demand curve is a graphical representation of the relationship between the price of a good and the quantity demanded of that good. A shift in the demand curve occurs when a change in one of the factors that affect demand, other than the price of the good, causes a change in the quantity demanded at each price.
When the demand curve shifts leftward, it means that the quantity demanded of the good decreases at each price. This could be due to a number of factors, such as a decrease in consumer income, a decrease in consumer confidence, a change in consumer preferences, or an increase in the availability of substitute goods.
The shift in the demand curve results in a decrease in demand, which means that consumers are willing to purchase fewer units of the good at each price.
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which member of the nike founding team regularly attended track meets on the west coast in order to sell tiger shoes?
The member of the nike founding team regularly attended track meets on the west coast in order to sell tiger shoes is Phil Knight.
Phil Knight, one of the co-founders of Nike, Inc., used to attend track meets on the West Coast to sell shoes made by the Japanese company Onitsuka Tiger, which later became ASICS. This was before he co-founded Blue Ribbon Sports, which eventually became Nike, Inc. Knight's early sales efforts helped establish the company and lay the foundation for its later success.
Hence the right answer is Phil Knight.
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Completed units that have not yet been sold are found in _______ _________ inventory.
Unsold finished goods inventory relates to the inventory of completed units that haven't been sold yet.
Finished items that have been created and are prepared to be dispatched to clients or merchants make up this inventory. These finished products can be utilised to fulfil consumer demand or to restock stock levels because they are prepared to be sold.
Work in progress inventory and inventory on hand are other names for unsold completed products inventory. This inventory has to be monitored since it reflects money invested in products that haven't yet been sold.
By deducting the closing inventory from the opening inventory, the remaining completed products inventory is computed.
This figure can be used to assess a company's success since unsold completed items are viewed as a symptom of either poor demand or ineffective inventory control.
Businesses may make educated judgements regarding their manufacturing and sales procedures by keeping track of unsold completed items.
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How did Keynes describe the relationship between labor, capital, and inventory during the Great Depression?
Multiple choice question.
Firms acted predictably to expected inventory levels.
Firms acted unpredictably to unexpected inventory levels.
Firms acted unpredictably to expected inventory levels.
Firms acted predictably to unexpected inventory levels.
Firms acted predictably to unexpected inventory levels did Keynes describe the relationship between labor, capital, and inventory during the Great Depression .
What is Inventory levels ?
The amount of merchandise that a business has available throughout its whole logistics or distribution network is known as inventory levels. This indicator takes into account the amount of inventory housed in warehouses, logistics facilities, and physical storefronts.
The key to a successful stock management strategy is to analyze your inventory levels.
How much inventory should there be?
The precise quantity of stock required to be kept on hand at any given moment in a fulfillment center in order to meet recurring customer demand for the products is known as the optimal inventory level. Selling out-of-stock items will become less of a problem when your inventory levels are optimized.
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milton friedman argued that a corporate manager's primary responsibility is to: the public at large. the employees. the stakeholders. the shareholders.
Option 1 is correct. Milton Friedman argues that the proper ethical duty of business is to: Maximize profits
Milton Friedman accepted organizations ought to zero in their own endeavors on making an incentive for investors.
Friedman is an image free of charge market business people searching for an option in contrast to Keynesian financial matters. He is the maker of monetarism and perhaps of America's most notable analyst and financial specialists of the twentieth hundred years. He believed that a country's penchant to go through a financial emergency was essentially impacted by its money related strategies. A Financial History of the US, 1867-1960 and Private enterprise and Opportunity are two of Friedman's most popular works.
A profoundly regarded teacher, Friedman was perceived for ensuring that his hypotheses were justifiable to the overall population. He solidly trusted in the predominance of the unregulated economy and went against any cutoff points from the public authority on it, except if totally fundamental. Friedman featured the significance of results-driven approaches over those that were simply hypothetical.
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Complete Question -
Milton Friedman argues that the proper ethical duty of business is to:
Maximize profits correctBenefit society incorrectIntegrate business into society incorrectAdvocate for minority rights incorrectImpose taxes and spend the proceeds incorrectbasically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort. question content area bottom part 1 true false
True, the marginal principle helps us to evaluate the factors involved in taking an action and determine if doing something is worth the effort.
The marginal principle states that when making a decision, we should consider the incremental or additional benefits and costs of taking an action. In other words, it helps us determine whether the additional benefits of taking an action are worth the additional costs. The marginal principle is often used in economic decision-making, but can also be applied in other areas of life, such as personal finance and business strategy. By considering the incremental benefits and costs of an action, we can make informed decisions that balance our goals and resources. In summary, the marginal principle helps us evaluate the factors involved in taking an action and determine whether doing something is worth the effort by considering the incremental benefits and costs.
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which of the following is a stakeholder attribute that managers should consider at every step in a stakeholder impact analysis? multiple choice solvency literacy legitimacy supremacy
One of the stakeholder attributes that managers should consider at every step in a stakeholder impact analysis is legitimacy.
Legitimacy refers to the level of acceptance and support that a stakeholder group has in relation to a particular decision or project. It's important for managers to consider the legitimacy of stakeholders because if a decision or project lacks legitimacy, it may face resistance or opposition, leading to potential delays or even failure. Understanding the level of legitimacy among stakeholders can help managers anticipate and address any potential issues early on, ensuring the success of the decision or project.
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HOW CAN A BUSINESS MEASURE ITS SUCCESS ❓
Answer:
Explanation:
A business can measure its success in several ways, including:
Financial performance: One of the most common ways to measure business success is by looking at its financial performance, such as profitability, revenue growth, and return on investment. This can help a business assess how well it is generating income, managing costs, and creating value for its shareholders.
Customer satisfaction: A business can also measure its success by tracking customer satisfaction levels through feedback mechanisms like surveys and customer reviews. A high level of customer satisfaction can indicate that a business is providing quality products or services that meet the needs of its customers.
Employee satisfaction: Employee satisfaction is also a critical indicator of a business's success. A happy and motivated workforce can lead to increased productivity and a better overall work environment.
Market share: Measuring market share, or the percentage of total sales in a particular market that a business is responsible for, can provide valuable insights into the business's competitiveness and overall success.
Operational efficiency: A business can also measure its success by tracking operational efficiency, such as lead times, inventory management, and production processes. Improving operational efficiency can increase a business's overall competitiveness and profitability.
These are some of the ways a business can measure its success, and the metrics used may vary depending on the type of business, its industry, and its goals and objectives.
which types of data can be collected for analysis and ultimately create information for decision making?
The several sorts of data, including external, internal, primary, and secondary data, can be gathered for analysis and, ultimately, information for decision-making.
What does a group of data that a computer can access look like?database, often known as an electronic database, refers to any collection of data or information that has been particularly structured for quick computer search and retrieval.
Which two categories of data, both domestic and foreign, can be employed in market research?fundamental data. You can either compile this research on your own or have it done for you.
details that are not primary. These studies have already been gathered and sorted for you.
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if consumers view peaches and apples as substitutes, what would happen to the equilibrium price and quantity of peaches if the price of strawberries falls?
The demand curve for Good-X will move to the right when the price of its substitute rises. As a result, Good-equilibrium X's price and supply would tend to rise.
What are the equilibrium prices and apple supply levels?When the supply and demand curves connect at a price of $0.60 and a quantity of two thousand pounds, this is "The Equilibrium Price." The equilibrium price, $0.60, is reached when the amount of apples that consumers want and the amount of apples that farmers are willing to supply are equal.
How do substitutes impact the price at equilibrium?In economics, the types of products that can be substituted for one another are known as substitute goods. As a result, the demand for the original commodity increases as the price of a substitute good rises, increasing both the equilibrium price and quantity.
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Which Long Term Care insurance statement is true?
Pre-existing conditions must be covered after the coverage has been in force for six months
Pre-existing conditions are those for which medical advice or treatment was recommended by or received from a health provider within 6 months preceding the effective date of an individual long-term care policy.
Long Term Care insurance statement is true the Pre-existing conditions must be covered after the coverage has been in force for six months. Thus option D is correct.
What is insurance?Insurance that offers compensation if a claim arises against it, not of whether the claim event happened. It is for the person who needs a insurance claim and will be paid the amount by the insurance comapny.
Pre-existing disease clauses may only refer to circumstances that occurred within six months of the issue date of coverage and should not or otherwise limit insurance for the timeframe that extends past twelve months after that date. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be :
Which Long Term Care insurance statement is true?
-Inflation protection is usually not offered
-Benefits are usually payable for alcohol rehabilitation
-Can only be offered to individuals under the age of 70
-Pre-existing conditions must be covered after the coverage has been in force for six months
which term best describes a personn who belives in minimal government regulationson businesses and has a strong regard for personal freedoms
The best term to describe a person who believes in minimal government regulations on businesses and has a strong regard for personal freedoms is libertarian.
A libertarian is someone who follows the principles of liberty, which are based upon the idea that individuals should be free from government interference in their personal, economic, and social lives.
This includes the belief that government should not interfere with the free market, nor should it have the power to set prices, wages, and other economic regulations.
Libertarians also believe that individuals should have the right to express themselves freely, without government censorship or restrictions. Furthermore, they advocate for personal privacy and oppose government surveillance of citizens.
Finally, libertarians are generally in favor of reducing taxes and government spending and oppose government-imposed restrictions on gun ownership.
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reward management practice, which is considered a relational reward? answers profit sharing educational reimbursement career coaching contingent pay
"Career coaching" is the solution that is regarded a relationship reward. Non-monetary incentives aimed to create and deepen the relationship between the employer and the employee.
are known as relational rewards. They are intended to give possibilities for personal and professional development, as well as to make employees feel valued and supported in their jobs. A relational incentive would be career counseling. An employer demonstrates its commitment to helping people grow and succeed in their careers by offering career development counseling and support. Monetary incentives include profit sharing, educational reimbursement, and contingent pay. They are linked to particular outcomes or performance criteria and are intended to give cash incentives for workers to work harder or meet certain targets.
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an investment or entity that invests, at least partially, in u.s. government, state, or municipal securities which would be exempt from federal and/or state tax?
An investment or entity that invests, at least partially, in U.S. government, state, or municipal securities and is exempt from federal and/or state tax is commonly referred to as a tax-exempt bond or a municipal bond.
Municipal bonds are debt securities issued by state and local governments to finance public projects such as schools, roads, bridges, and infrastructure.
The interest earned from these bonds is exempt from federal income tax and, in some cases, state and local income tax as well. This tax-exempt status makes municipal bonds attractive to investors who are looking for a higher after-tax return on their investment.
Investors in municipal bonds can choose from a variety of maturities, ranging from short-term bonds that mature in one to three years to long-term bonds that can have maturities of up to 30 years or more. Municipal bonds can be bought and sold on the secondary market, just like other types of bonds.
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The Industrial Revolution created a demand for raw materials. This demand led to the —answer choicessocial revolutions of Europe and Americaagricultural revolution in England and Scotlandfamines in India and Irelandcolonization of Africa and Asia
The Industrial Revolution created a demand for raw materials. This demand led to the agricultural revolution in England and Scotland. Thus, option (b) is correct.
What is Industrial Revolution?During the ancient period of time 18th century, the industrial revolution was started on 1760 and end on 1840. The industrial revolution is established new technologies. The benefit of the industrial revolution to the society as well as economy.
According to the period of the Industrial Revolution was the large level of the production. The demand of the raw material is the grew. It was including as agricultural revolution in England and Scotland, efforts to mine coal, emergence of capitalism, and the other things.
As a result, the significance of the Industrial Revolution are the aforementioned.
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management is practiced in group of answer choices the international olympic committee. indiana heart hospital all of these choices the catholic church. mcdonald's.
Management is practiced in C.all of these choices .
What is management ?Businesses use management to plan their operations, processes, and personnel in order to achieve their objectives. The main objective of management is to establish an atmosphere that encourages productive and efficient work among personnel.
To achieve objectives, tasks must be led, coordinated, and administered through management. Goal-setting, organisation, team management, goal-tracking, and leadership are the five management operations. Management requires ideas like communication and KPI reporting.
Hence in all the organisations management plays important role.
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a group of workers works really hard. in fact, they work so hard that one of them claims to have an average labor utilization of 120 percent. is that possible?
No, it is not possible to have an average labor utilization of 120 percent. The maximum utilization rate is 100 percent, which means that a worker has been working at full capacity for a certain amount of time.
If a worker claims to have an average labor utilization of 120 percent, it would imply that they have been working more than the standard maximum working hours in a day, which is not physically possible. It is important to note that it is possible for a worker to have a high utilization rate for short periods of time, but it would not be sustainable in the long run.
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over time, people have come to rely more on market-produced goods and less on goods that they produce for themselves. for example, busy people with high incomes, rather than cleaning their own houses, hire people to clean their houses. by itself, this change has
Busy people with high incomes, rather than cleaning their own houses, hire people to clean their houses. by itself, this change has resulted in a shift towards a more market-oriented economy.
This is where people increasingly rely on the market to produce and provide goods and services, rather than producing these goods and services themselves. This shift has been driven by a number of factors, including urbanization, technological advancements, and changes in consumer preferences and lifestyles. As people become more affluent and their time becomes more valuable, they are increasingly willing to pay for goods and services that they would have previously produced themselves, such as cleaning or cooking. This has created a demand for these goods and services in the market, and has led to the growth of various industries and the creation of new jobs. At the same time, the growth of the market economy has also had some negative impacts. For example, it has led to a decline in self-sufficiency and increased dependence on the market for goods and services, and it has also contributed to income inequality and the growth of the gig economy. Overall, the shift towards a more market-oriented economy has been a significant and ongoing trend in modern societies, and it has had a wide range of effects on the economy, the workforce, and consumer behavior.
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nearly all organizations that interact with their environments and depend on them for survival are viewed as .
Nearly all organizations that interact with their environments and depend on them for survival are viewed as Open system.
What is open system ?A system that interacts with the outside world is an open system. Depending on the field that defines the term, these interactions can involve the transfer of information, energy, or materials into or out of the system border. A beaker of water is an illustration of an open system.
In contrast to proprietary systems, which typically involve legal agreements governing mode of use and royalty fees, open standards can be used practically everywhere without legal or financial repercussions.
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which of the following is a benefit to the franchise company? group of answer choices increased costs for negotiating volume discounts for franchisees the need to be careful in the selection of potential franchisees requiring conformity to the franchise agreement increased market share and recognition
increased market share and recognition is a benefit to the franchise company.
Offer high-quality goods and services: A franchise company must first make sure that its goods and services are of a high standard and satisfy the demands and preferences of the target market in order to grow market share and recognition. By doing this, the franchise will stand out from the competition and draw in more clients. Promote the franchise brand: By promoting its name via various marketing and advertising channels, a franchise firm may boost its market share and reputation. Digital marketing, social media advertising, and conventional marketing strategies including print, television, and radio commercials are all included in this. Offer first-rate customer service: A franchise business has to offer first-rate customer service in order to grow its market share and awareness. By making sure that the clients are happy.
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an industry that operates world-wide with mncs making only small adjustments for country-specific circumstances is called a
Global industries is an industry that operates worldwide with MNCs making only small adjustments for country-specific circumstances
Cross-border competition is a feature of global industries. In actuality, it happens all over the world. In a global business, a company's competitive position in one country might have a big impact on its strategic decision-making in another. Commercial aircraft, autos, mainframe computers, and electronic consumer goods are among the worldwide businesses that are extremely quickly increasing.
The characteristics of several global industries are recognizable. They often run a global information technology and communication infrastructure. The industry's goods and services can be used in all markets with little to no change.
You can use the following four fundamental growth techniques to grow your company: market penetration, product development, market expansion, and diversification.
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