Answer:
$12,380
Explanation:
The beginning inventory is $9,150
The budgeted ending inventory is $10,420
The cost of goods sold is $11110
Therefore the budgeted purchases can be calculated as follows
= $10,420 + $11,110-$9,150
= $21,530 - $9,150
= $12,380
Hence the budgeted purchases is $12,380
A large group is sitting at a table and only one person at the table is an adult. The adult
orders a beer and all of the minors order soft drinks; the adult pays the final bill. Is this a
legal on-premise sale?
A. O Yes
B. O No
The Cereal Bar, a fast-food restaurant that sells breakfast cereal, wanted to see if a different price for its Wild O's breakfast special would affect demand. So the marketing manager used ________ when she tested two different prices at two different stores and compared sales.
a. idea testing
b. segmentation research
c. experimental method
d. test-marketing
e. focus groups
Answer: test marketing
Explanation:
Test marketing is a marketing technique that is used by companies in order to know how the consumers will respond to a certain product. This is done by making the product to be available to the consumers on limited basis after which the demand for the product is being ascertained by the company before a wider release.
This is the method used by cereal bar. Therefore, the answer is test marketing
Donald, a 40-year-old married taxpayer, has a salary of $55,000 and interest income of $6,000. He is an active participant in his employer's pension plan. What is the maximum amount Donald can contribute to a Roth IRA in 2019?
Answer:
$6,000
Explanation:
The maximum amount that Donald should contribute to Roth IRA is $6,000
This amount will valid in that case where an individual would have an age within 50
Since Donald has an age of 40 so he is eligible for $6,000
Hence, the same is to be considered
Hence, the maximum amount contributed by Donald is $6,000
Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25%. Which is the maximum expansion of the money supply possible from the original deposit?
a. $2,000
b. $4,000
c. $6,000
d. $8,000
Answer:
d. $8,000
Explanation:
Reserve requirement = 25% = 0.25
The money multiplier = 1 /Required reserve
The money multiplier = 1/0.25
The money multiplier = 4
The initial deposits = $2,000
The maximum possible expansion of deposits = Initial deposits * The money multiplier = $2,000 * 4 = $8,000. Thus, the maximum expansion of the money supply possible from the original deposit is $8,000