Food producers do really appear to be paying attention to consumers' requests for nutritious fast food that is free of preservatives, chemicals, and antibiotics.
Why is it crucial for businesses to hear their customers?After all, actual data, not conjecture or projections, is the foundation for the finest business judgements. You want to know what your clients think about the goods or services you provide in reality. Make business and marketing decisions using this feedback as a reference.
Why should businesses pay attention to their clients?In essence, when you pay attention to client feedback, you open a window for managing customer experience, customer pleasure, fostering customer loyalty, enhancing your goods and services, lowering churn rates, and many other things.
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research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds? multiple choice a. asset and cost surgery selective b. product and market c. pruning piecemeal productivity d. improvements global expansion
Turnaround strategy is a revival measure for overcoming the hassle of industrial sickness. It is a approach to convert a loss-making industrial unit to a profitable one.
Turnaround is a restructuring procedure that converts the loss-making enterprise into a profitable one.
What is a profitable turnaround?A successful turnaround has seven critical elements: Crisis management – Taking control; performing essential cash management; decreasing assets; arranging momentary funding; starting cost-reduction measures.
Turnaround approach is the action of reversing a terrible fashion and turning round the organization into profitability. Turnaround method derives its name from the motion of reversing a negative fashion and turning round the enterprise into profitability. The turning around business enterprise aims at consistent state and growth.
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https://brainly.com/question/30831320#SPJ1prepare a job cost sheet for job 9, which includes costs for direct materials, direct labor, overhead, and total cost
Direct materials Direct Labor Overhead Total Cost
Req No. Amount Time ticket no Amount Cost Applied
07/01 Q 4698 $1,850 W 3393 $1,200 $1,320 $4370
07/05 Q 4725 $1,600 W 3479 $1,050 $1,155 $3805
07/10 W 3559 $ 900 $990 $1890
$3,450 $3,150 $3,465 $10,065
Direct labour costs are a portion of the wage bill or payroll that are particularly and frequently tied to or associated with the manufacture of a good, a particular task order, or the provision of a service. Furthermore, we may add that it represents the cost of the labour put in by those workers who really build the product on the assembly line.How to determine the direct labour cost before starting the work citing knowledge, skill, etc. when discussing the job's requirements.placing the appropriate individuals in the right positions.Usage Costs manufacturing include direct labour costs.
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Adjustment for Accrued Revenues
At the end of the current year, $14,780 of fees have been earned but have not been billed to clients.
Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank.
Accounts Receivable 14,780 (D), Fees Earned 14,780 (C)
The year end adjustment journal entry for unrecorded fees revenue will be as follows: Accounts Receivable A/c Dr. is $14780 and To Accrued Revenue is $14780.
Accrued revenue refers to the revenue that a company has earned but has not yet received payment for. This typically occurs when a business provides goods or services to a customer on credit, with payment expected at a later date. In such cases, the company records the revenue as earned and records it in their financial statements, even though the payment has not yet been received.
Accrued revenue is a crucial aspect of a company's financial records, as it allows for a more accurate representation of the company's financial health. It also provides an insight into the company's cash flow, indicating that a certain amount of cash will be received at a later date. It is essential for companies to keep track of accrued revenue, as it affects the company's financial statements, such as the balance sheet and income statement.
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Complete Question:-
Adjustment for Accrued Revenues At the end of the current year, $14,780 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees. If an amount box does not require an entry, leave it blank.
When a firm's long-term debt-equity ratio is 0.98, the firm:
A. has too much long-term debt in relation to leases.
B. has less long-term debt than equity
C. is nearing insolvency.
D. has as much in long-term liabilities as in equity.
Option - B : When a firm's long-term debt-equity ratio is 0.98, the firm has less long-term debt than equity .
A financial ratio called the long-term debt-to-equity ratio assesses how much long-term debt a business has in comparison to its equity. The corporation has less long-term debt than equity, as shown by a long-term debt-equity ratio of 0.98. In other words, the company's long-term debt is lower than its equity, indicating that it may be less leveraged and so more financially secure.
Option A is inaccurate since leases are not taken into consideration by the long-term debt-equity ratio.Because a long-term debt-to-equity ratio of 0.98 does not always indicate that a firm is on the verge of insolvency, Option C is inaccurate.Option D is wrong since the company's long-term debt-to-equity ratio of 0.98 indicates that it has less long-term debt than equity, not that it has more long-term debt.
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the sales projections for travel-space trailers appear to be valid and reasonable. the company has researched the market and has determined the potential demand for their products. the demand for travel-space trailers company products is high. the company has a good reputation and their products are well-made. the market for their products is good, and they have a lot of repeat customers. according to fessler
According to marketing strategy, "the market plan for the product is inadequate" is one of the four typical reasons why new products may fail.
Business markets are the markets where transactions between businesses take place, to put it simply. In such markets, one company sells its goods to clients who do not ultimately make use of the goods' benefits but rather utilize them to produce new benefits. In the example provided, a corporation is buying a product from another company to incorporate into a different product. As a result, the example case shows the business market. A "product failure" occurs when a company is unable to meet the strategic Objectives & Key Results (OKRs) targets set for the product. So, in this case, it can be claimed that there are many possible causes for new products to fail.
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Streamline Luggage Company markets it roll-aboard suitcases to international executives and business people that travel regularly. This is an example of segmenting based on _____.
Streamline Luggage Company markets it roll-aboard suitcases to international executives and business people that travel regularly. This is an example of segmenting based on demographics
What is segmentation?Segmentation is the process of dividing a market into smaller groups of consumers with similar needs, wants, or characteristics. In this case, Streamline Luggage Company has segmented its market based on two criteria:
Demographics: The company is targeting international executives and business people, which suggests that it has identified a specific group of consumers based on their occupation or job title. This demographic segmentation helps the company tailor its marketing messages and product features to meet the unique needs and preferences of this group.
Behavior: The company is also targeting consumers who travel regularly. This behavioral segmentation recognizes that travel frequency is an important factor in determining luggage needs, and that consumers who travel frequently may have different requirements and preferences than those who travel less frequently.
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Which of the following makes comparisons of the financial conditions at multiple organizations possible:
answer choices
Bookkeeping
Source documents
Accounting standards
Trial balance
The balance sheet, which is a financial statement, details the financial situation of a company at a specific point in time.
The financial standing of an entity, whether it be a corporation, private limited company, sole proprietorship, commercial partnership, governmental agency, or another sort of entity, is described in its balance sheet. A balance sheet, usually referred to as a statement of financial status, is an overview of the company's financial situation at a certain period. A balance sheet provides a snapshot of a company's financial status at a specific point in time, as opposed to an income statement, commonly known as a profit and loss. A balance sheet shows the financial standing of your organization at any given time.
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which of the following is a company engaged in when it attempts to increase sales of its current products by offering them in new markets? multiple choice question. market development
When a business offers its current products in new markets, it is engaging in market development in an effort to boost sales.
Which endeavour might a business take on to better understand its target market?Looking at who currently purchases your good or service is one of the finest ways to identify who your target market is. Social interaction or the distribution of client surveys are effective ways to find out this information.
Which of the following marketing strategies concentrates the marketing mix on appealing to a certain group?The marketing and sales teams can tailor their message to the targeted group(s) of consumers through targeted marketing in a concentrated way.
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Which of the following would most likely cause a leftward shift in demand for a specific brand of cosmetics products? Select the correct answer below: on social media the brand releases a series of advertisements that become very popular a celebrity endorses the brand the brand increases the prices of its products substantially journalists publish a sensational report in a major publication about the brand's secret history of testing its products on animals
This would cause the demand curve to shift to the left due to adverse publicity would most likely cause a leftward shift in demand for a specific brand of cosmetics products.
What does the economic demand curve mean?
The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the amount demanded over a specific time period.
The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.
What causes a demand curve?
The demand schedule serves as the foundation for the demand curve. The demand schedule outlines the precise quantity of a product or service that will be purchased at various pricing points. The amount demanded rises as the price falls, which is a crucial point to remember.
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compared to checks, paper currency and coins have the major drawbacks that they must be backed by gold. are hard to counterfeit. are not the most liquid assets. are easily stolen.
One of the major drawbacks of paper currency is that they are easily stolen.
What is currency?A currency is the standardization of money, including banknotes and coins, that is used or in circulation as a means of exchange. A currency can also be defined more broadly as a system of money that has been used often over time within a particular setting, particularly by residents of a country state.
The term "currency" refers to the legal tender or formal mode of payment of a nation or area. The US dollar, euro, Japanese yen, British pound, and Swiss franc are some of the most well-known currencies.
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A broker needs to train affiliated licensees on properly following disclosure requirements. Which of these strategies will help the training initiative be most effective?
a. Offer multiple classes so that new licensees are trained separately from experienced salespeople.
b. Have all associates take a multiple choice exam at the end of the training.
c. Use a "scared straight" approach by asking licensees who have been disciplined for disclosure errors to speak at the training.
d. Create a document listing the disclosure rules and require all associates to sign an acknowledgment of receipt.
A broker needs to train affiliated licensees on properly following disclosure requirements. The strategies that will help the training initiative be most effective Is option A: Offer multiple classes so that new licensees are trained separately from experienced salespeople.
The most effective approach to training affiliated licensees on disclosure requirements is to offer tailored training for different experience levels.
This allows for targeted training to address knowledge gaps and ensures effective learning and retention of information.
Choice exams, a "scared straight" approach, or providing a document with rules alone are not as effective.
Option A allows for efficient training by separating new and experienced licensees and providing foundational or advanced courses accordingly.
Overall, offering multiple classes for different experience levels is the best strategy for training affiliated licensees on disclosure requirements.
Therefore the correct answer is option A.
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Refer to the association marked with the number 1 in the preceding diagram. Which of the following is the best description of the association?
•Each employee participates in a minimum of zero purchases.
•Each employee participates in at least one purchase.
•Each employee participates in a maximum of one purchase.
•Only employees in the shipping and receiving department receive purchases.
•None of these are a description of the association.
Option (A) Each employee participates in a minimum of zero purchases gives the best description of the association.
The term "business association" refers to membership groups that support and engage in the commercial pursuits of their members. Additionally, it alludes to membership groups that support and actively engage in promoting their members' commercial interests. Associations frequently carry out a variety of tasks that would be expensive and time-consuming for one company to handle independently. Activities including research, lobbying, establishing industry standards, and information gathering may fall under this category. Association representatives claim that by uniting their voices under one umbrella, businesses can develop a powerful presence that demonstrates their unity and protects their common interests. Participating actively in business alliances is a priority for big businesses.
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Which of these statements is best?a. Supply chains are linked by two types of flows: physical and monetaryb. Every organization has an operations functionc. Very few organizations are eventually members of a supply chain.d. An operations function contains several supply chains.
a. Supply chains are linked by two types of flows: physical and monetary.
Physical flows involve the movement of goods and services from the supplier to the consumer. Monetary flows involve the exchange of money or other payment mechanisms between the supplier and the consumer.
The physical and monetary flows are connected and must remain in balance for the supply chain to be successful. Operations functions are important components of the supply chain and are responsible for ensuring that the physical and monetary flows are properly managed.
Every organization has an operations function, however very few organizations are eventually members of a supply chain. An operations function contains several supply chains, which are the individual components that make up the larger supply chain.
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clay and marian are married and will file a joint return.marian is a u.s. citizen with a valid social security number. clay is a resident alien with an individual taxpayer identification number (itin).marian worked in 2022 and earned wages of $32,000. clay worked part-time and earned wages of $18,000.the washingtons have two children: erin, age 12 and jenny, age 18.the washingtons provided the total support for their two children, who lived with them in the u.s. all year. erin and jenny are u.s. citizens and have valid social security numbers.7. the washingtons qualify for the credit for other dependents. true or false
It is true that Clay and Marian Washington who provided the total support for their two children, who lived with them in the U.S. all year will qualify for the child tax credit for other dependents.
What is child tax credit?This tax credit, worth up to $2,000 for each qualifying child, helps to offset the costs of raising children. A person must earn more than $2,500 to be eligible for a Child Tax Credit refund.
For 2022, the Credit for Other Dependents is worth up to $500 and the Child Tax Credit is worth up to $2,000.
According to the IRS, a dependent is defined as a qualifying kid (a child who is under the age of 19, under 24 if they are full-time students, or any age if they are permanently and totally incapacitated), or a qualified relative.
The Washington's would be qualified for the credit for other dependents as Washington's as both come under age 19 which is a condition for qualifying.
Therefore, the statement is true.
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kaskin, inc., stock has a beta of 1.2 and quinn, inc., stock has a beta of .6. which of the following statements is most accurate? question 9 options: a. the stock of kaskin, inc., has more total risk than quinn, inc. the expected rate of return will be higher for the stock of kaskin,inc., b. than that of quinn, inc. the stock of quinn, inc., has more systematic risk than that of kaskin, inc. c. the stock of quinn, inc., has more diversifiable risk than that of kaskin, inc.
In the following question, among the given options, kaskin, inc., stock has a beta of 1.2 and quinn, inc., stock has a beta of .6. Option B "than that of quinn, inc. the stock of quinn, inc., has more systematic risk than that of kaskin, inc" is the most accurate statement.
Beta measures the systematic risk of a stock, which is the risk that cannot be diversified away by investing in a portfolio of multiple stocks. A beta of 1 indicates that the stock has the same systematic risk as the overall market. A beta greater than 1 indicates higher systematic risk, while a beta less than 1 indicates lower systematic risk.
Here, kaskin, inc. has a beta of 1.2, which means that its stock has higher systematic risk than the overall market, while quinn, inc. has a beta of 0.6, indicating lower systematic risk than the overall market. Therefore, the stock of quinn, inc. has more systematic risk than that of kaskin, inc.
Total risk includes both systematic risk and diversifiable risk. Diversifiable risk is the risk that can be reduced by diversifying across multiple assets. It is specific to the individual company and can be eliminated by diversification. Since beta measures only systematic risk, it cannot be used to compare the total risk of two stocks.
Therefore, option B is the most accurate statement.
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Firm Market Share (%)A 32B 25C 21D 15E 4F 3Refer to the data. Suppose that firms in this industry split up such that there were 25 firms, each with a 4 percent market share. The four-firm concentration ratio and the Herfindahl index respectively would beMultiple Choicea. 16 percent and 400.b. 100 percent and 10,000.c. 16 percent and 16.d. 400 percent and 64.
The correct option is D. The four-firm concentration ratio and the Herfindahl index respectively would be 16 percent and 400.
Firm concentration ratio = share of 4 largest firms/ total share of the firm
= 4+4+4+4/100= 16/100 = 16 percent
Herfindahl index= (4)^2 + (4)^2 +(4)^2 +.......+(4)^2
= 16+16 +......+16 = 16×25= 400.
A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.
In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.
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Complete Question:
Firm Market Share (%)A 32B 25C 21D 15E 4F 3Refer to the data. Suppose that firms in this industry split up such that there were 25 firms, each with a 4 percent market share. The four-firm concentration ratio and the Herfindahl index respectively would be
1. 100 percent and 10,000.
2. 16 percent and 16.
3. 400 percent and 64.
4. 16 percent and 400.
fill in the blank. suppose the equilibrium price for basketballs is $23. if every store prices their basketballs at $21, this would lead to a___and would put pressure on prices.
When market price is below the equilibrium price than it results in shortage and puts upward pressure on the prices.
The correct answer is shortage; upward pressure.
When market prices of the goods are below the equilibrium price then consumers increase the demand for the good due to lower prices. When demand increases it leads to shortage of goods in the market as producers will supply less goods below the market price and consumers would demand more. When demand is more than supply it puts upward pressure on the prices of goods resulting in increase in the price.
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This would lead to a shortage and would put pressure on prices to increase.
Equilibrium price is the market price at which the quantity of goods or services demanded by buyers is equal to the quantity of goods or services supplied by sellers. At the equilibrium price, there is no excess supply or demand in the market.
Shortage refers to a situation in a market where the quantity demanded of a good or service is greater than the quantity supplied, at the current market price. In other words, when the market price is below the equilibrium price, there is excess demand for the good or service, leading to a shortage. This can result in long wait times, increased competition, and upward pressure on prices.
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A follower with low-level motivation and mid-to-high level ability to complete the job benefits from a. A leader who provides a high level of support b. A leader who directs tasks carefully c. A leader who stays out of the day-to-day tasks d. A leader who is both a cheerleader and authoritarian
A follower with low-level motivation and mid-to-high level ability to complete the job benefits from leader who is both a cheerleader and authoritarian. Option D is correct.
Leadership: What Is It?In business, leadership is the ability of a company's management to set and achieve difficult goals, act quickly and decisively when necessary, outperform the competition, and motivate others to perform at their best.
Why is leadership important in management?Leaders provide direction and vision, inspire others to achieve the organization's goals, and contribute to the creation of a successful environment by encouraging team members to communicate and work together.
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The prepaid insurance account has a $4700 debit balance to start the year. A review of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. Record the December 31 adjusting entry.
Every time a payment is made that prepays a charge, a prepaid account, such as Prepaid Insurance, is debited and the cash account is credited.
On the company's balance sheet, the prepayment is displayed as an asset. An adjustment entry must be finished by debiting the actual expense and crediting the prepaid expense account. The payment for the goods is made during the current accounting period, even when the delivery is received in the one after that. When you use the prepaid item, your Prepaid Expense account will be decreased while your Real Expense account will be increased. Debit your Prepaid Expense account and credit your Expense account to accomplish this. In essence, an adjustment entry must be filed in the month that the item is incurred to debit the expenditure account and credit the prepaid account.
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if national income accountants fail to make an adequate adjustment for increases in the quality of goods and services over time, ____
The GDP deflator will overestimate inflation if national income accountants fail to account for changes in the quality of goods and services over time.
What is the GDP deflator used for?It is used to figure out how much new domestically produced final goods and services cost each year in a country. a measure of inflation in the prices of US-produced goods and services, including exports. Although they are calculated in different ways, the GDP price index and the gross domestic price deflator are closely related. GDP deflator, inflation, and long definition The annual growth rate of the GDP implicit deflator is used to measure inflation, which depicts the rate of price change throughout the economy.
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mitra associates purchased equipment for $5,000, by paying $1,000 cash and agreeing to pay the balance in 30 days. this transaction would be recorded with which of the following entries?
Option (a), Debit Equipment for $5,000, Credit Cash for $1,000, and Credit Accounts Payable for $4,000.
In terms of accounts payable, what do the terms debit and credit mean?The accounts payable account is credited when a company makes a credit purchase of goods or services. There is a debit to the balance as a result of the repayment of a portion of the company's account payable.
Is equipment, a debit or a credit?The equipment account in the company's accounting software shows a debit balance. The equipment is considered one of the organization's fixed assets when it is used for legitimate commercial operations.
Equipment- debit $5,000
Accounts Payable- credit $4,000
Cash- credit $1,000
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The complete question is:
Mitra associates purchased equipment for $5,000, by paying $1,000 cash and agreeing to pay the balance in 30 days. this transaction would be recorded with which of the following entries?
credit to Accounts Payable for $4,000, credit to Cash for $1,000 and debit to Equipment for $5,000debit to Accounts Payable for $4,000, credit to Cash for $1,000 and debit to Equipment for $5,000credit to Accounts Payable for $4,000, debit to Cash for $1,000 and debit to Equipment for $5,000top executives at bbt corporation set the strategic direction for the firm at corporate headquarters. bbt's local managers are then informed of these strategies and given complete freedom to implement them. which of the following management functions best describes the freedom provided local managers?
The management function that best describes the freedom provided to local managers at BBT Corporation is "organizing". So, the correct option is B.
Organizing is the management function that involves arranging resources, people, and tasks to achieve the desired goals. In this case, the top executives at BBT Corporation set the strategic direction for the firm at corporate headquarters, and local managers are informed of these strategies and given complete freedom to implement them.
This means that the local managers are responsible for organizing the resources, people, and tasks within their respective areas of responsibility to achieve the company's goals.
By providing local managers with complete freedom to implement the strategies, the top executives are delegating the responsibility of organizing the resources, people, and tasks to the local managers.
This allows the local managers to use their knowledge and expertise to make decisions about how best to organize their areas of responsibility to achieve the company's goals.
In summary, the freedom provided to local managers at BBT Corporation is related to the management function of organizing, as they are responsible for arranging resources, people, and tasks within their respective areas of responsibility to achieve the company's goals.
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Complete question is:
Top executives at bbt corporation set the strategic direction for the firm at corporate headquarters. bbt's local managers are then informed of these strategies and given complete freedom to implement them. which of the following management functions best describes the freedom provided local managers?
a) planning
b) organizing
c) decision-making
d) Leading
question content area angela is frustrated that you keep asking her more questions about the photographer, but when you meet chris reminds her that he expects the photographs in both print and digital format. this is not included in the packages that you suggested, but another photographer can provide them for a higher fee. you were right to keep probing for more detailed acceptance criteria on her requirements. the photography goes well, and the couple gets the photos they want in both formats. it is now four months before the wedding. you move through your planning worksheet and meet with chris and angela to plan the catering. you break the original wbs item into more detailed tasks. you arrange meetings to interview caterers and to sample their food. angela selects one that you have not used before, but who has good reviews. the food is excellent, and the price fits the budget. the caterer sends angela an email outlining a tentative menu and pricing. she asks angela to reply to confirm their contract, with an agreement to meet again three weeks prior to the wedding to finalize headcount and any last-minute menu changes. what do you suggest that angela do before confirming the contract? A. you and angela get another reference who had a good experience with this caterer. B. angela copies the activity list from your plan into her email and commits to the order contingent on the caterer confirming her agreement to those tasks. C. you want another meeting with the caterer to discuss exactly what they will and will not do on the wedding day. D. you have already agreed on the menu, pricing, and the task list. E. you assume they will complete their work as customary in your area. F. the couple questions why you insist on yet another meeting, but ultimately agree.
The cost of commodities serves as a prominent example of a stagnating economy. In this case, we suppose that the price is determined by the same-era dynamics of supply and demand. Price, demand, and supply all apply to the same time frame.
What is meant by Statics?If two variables are functionally related and their values reflect the same time period or point in time, the analysis is said to be static.
To put it another way, static analysis or static theory is the study of static relationships between pertinent variables. The main objectives of statistics for economics are the gathering, processing, and assessment of particular economic data.
Therefore, It shows relationships among several factors, including as output, pricing, demand, and supply, among others, which helps us understand and analyse economic theories.
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when negative externalities occur as a result of a product market's activity, the market will ____ than is desirable.
When negative externalities occur as a result of a product market's activity, the market will produce more than is desirable.
Negative externalities are costs imposed on society that are not reflected in the market price of a good or service. These costs can include things like pollution, traffic congestion, or other environmental impacts.
When the market price does not reflect these costs, the result is a "market failure," where the market produces more than is socially desirable. In other words, the market does not take into account the full cost of production, so firms will produce more goods and services than they would if they had to pay for the full cost of their actions.
This leads to an overallocation of resources to the production of the good or service in question, and a corresponding underallocation of resources to other, more socially beneficial activities.
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During the process of mapping the consumption chain of a product, Nina looks at the methods followed by companies which send their engineers to check laptops when they detect that a possible bug could be affecting a system. Which of the following questions does this example address?
A. What if customers aren't satisfied and need a return or exchange?
B. What help do customers need to become familiar with the product?
C. How is your product stored?
D. How is your product repaired, serviced, or disposed of?
Option D is correct. How is your product maintained, disposed of, or repaired?
The maintenance product is what?The term "Maintained Products" refers to hardware, software, or peripheral products for which Services are either included with the Products or necessary as part of a Service Offering chosen and ordered by the Customer, accepted by ISL, and noted on the Invoice, as well as any updates or modifications thereto that may occur from time to time.
What does "product support" mean?a service offered by businesses that sell technical items, helping clients with issues: You will be responsible for offering product support to clients that contact our technical helpline. Compare.
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depreciation expense question 36 options: is listed on the income statement as a variable expense. is subtracted from the statement of cash flows. is added to the statement of cash flows because it is not an expenditure. appears only on the income statement.
Depreciation expense is added to the statement of cash flows because it is not an expenditure. Thus, option 3 is correct.
Depreciation expense on the income statement is what?The income statement lists depreciation expenditure as an expense tο reflect how much of an asset's wοrth has been depleted for the year. As a result, it is neither an asset nor a liability.
Due tο the fact that it raises a company's operational costs, depreciation is viewed as an expense fοr accounting purposes. Over the course of their useful life, machines and οther assets experience wear and tear and lose value. Depreciation expense is displayed οn the income statement.
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Complete question:
Depreciation expense:
is listed on the income statement as a variable expense.is subtracted from the statement of cash flows.is added to the statement of cash flows because it is not an expenditure.appears only on the income statement.FILL IN THE BLANK. Identify the missing word(s) in the following sentence: An organization is a person or a group of people that has its own functions with _____________ to achieve its objectives?
An organization is a person or a group of people who each perform certain roles and have corresponding responsibilities, powers, and connections in order to accomplish goals.
What do individuals in a group refer to as an organization?A cooperative group of individuals forms an organization, which can be a business, neighborhood association, nonprofit, or union. A person, a group, a business, or the process of creating or producing anything can all be considered "organizations."
What kind of entity unites a group of individuals who might do functional staff or line duties?Line-staff organization is a type of management approach in which higher-ups (such as managers) set goals and offer directives that are then carried out by staff and other workers. In a large, complex corporation, flexibility is sought for but not at the expense of management authority.
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The complete question is:
FILL IN THE BLANK.
Identify the missing word(s) in the following sentence:
An organization is a person or a group of people that has its own functions with _____________ to achieve its objectives?
based on your answer to the last question, which of the following prices of trade (that is, price of wheat in terms of olive oil) would allow both liechtenstein and slovenia to gain from trade? check all that apply.
A. 1 crate of olive oil per bushel of wheat B. 3 crates of olive oil per bushel of wheat C. 7 crates of olive oil per bushel of wheat D. 15 crates of olive oil per bushel of wheat
The option A "1 crate of olive oil per bushel of wheat" option B "3 crates of olive oil per bushel of wheat" and option C "7 crates of olive oil per bushel of wheat" would allow both Liechtenstein and Slovenia to gain from trade. So the option A is correct.
This is because Liechtenstein is able to export wheat to Slovenia in exchange for olive oil. With enough olive oil for each bushel of wheat, Liechtenstein can make a profit from the sale of their wheat.
At the same time, Slovenia can benefit from the purchase of wheat from Liechtenstein, as it can use the wheat to produce food or other items that it can then sell.
With three, or even seven crates of olive oil per bushel of wheat, Slovenia can make a profit from the sale of olive oil while still receiving enough wheat to meet its needs.
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vance enterprises makes computer components. the company uses direct labor hours as its application base. the predetermined overhead rate for the year was $18.56 per direct labor hour. the estimated manufacturing overhead for the year was $47,362. rounded to the nearest hour, the budgeted number of direct labor hours for the year was 5,222 3,502 2,552 3,225
The budgeted number of direct hours for the year can be found to be C. 2,552.
How to find the number of hours ?The number of direct hours that was budgeted for the year can be found by the formula :
= Amount budgeted for manufacturing overhead / Amount per direct labor hour
Amount budgeted for manufacturing overhead = $ 47, 362
Amount per direct labor hour = $ 18. 56
The number of hours is:
= 47, 362 / 18. 56
= 2, 551. 83
= 2, 552 hours
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multiple versus single overhead rates, activity drivers deoro company has identified the following overhead activities, costs, and activity drivers for the coming year: activity expected cost activity driver activity capacity setting up equipment $480,000 number of setups 600 ordering costs 360,000 number of orders 18,000 machine costs 840,000 machine hours 42,000 receiving 400,000 receiving hours 10,000 deoro produces two models of dishwashers with the following expected prime costs and activity demands: model a model b direct materials $600,000 $800,000 direct labor 480,000 480,000 units completed 16,000 8,000 direct labor hours 6,000 2,000 number of setups 400 200 number of orders 6,000 12,000 machine hours 24,000 18,000 receiving hours 3,000 7,000 the company's normal activity is 8,000 direct labor hours.
The unit cost for each model using direct labor hours to apply overheads are $165 and $225
Determining the total amount for the given questions -
1) Determining the unit cost
Overhead rate = Direct labor + Ordering cost + Machine cost +Receiving/ Direct labor hour for A + Direct labor hour for B
= 480,000 + 360,000 + 840,000 +400,000 / 6,000+2,000
= 2,08,0000/ 8000
= 260
Model A cost per unit
= Direct material +Setting up /Units +(Direct labor hour × Overhead rate/Units
=(600,000+480,000)/16,000 +( 6,000 × 260/16,000)
= 165
Model B cost per unit
= 800,000 + 480,000 / 8,000 + (2,000 × 260/8,000 )
= 225
2) Determining the unit cost for each model using the four activity drivers
Model A cost
=((Direct material + direct labor)+(direct labor×no. of setups / number of setup) + (ordering cost x orders / machine hours) + (machine costs x orders/ machine hours) + (receiving×receiving hours/ receiving hours)) / Units
= (( 600,000+ 480,000) + ( 480,000 × 400/600) + ( 360,000× 12,000/ 18,000) +( 840,000 × 18,000/42,000) + ( 400,000 × 3,000/10,000)) / 16,000
= 32.50
Model B cost
= (( 800,000+ 480,000) + ( 480,000×200/600) + ( 360,000 × 12,000/18,000) +( 840,000 × 18,000/42,000) + ( 400,000 × 7,000/ 10,000))/8,000
= 290
3) The more accurate cost assignment is produced by Activity Driver Method.
Complete Question:
Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $480,000 Number of setups 600 Ordering costs 360,000 Number of orders 18,000 Machine costs 840,000 Machine hours 42,000 Receiving 400,000 Receiving hours 10,000 Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B Direct materials $600,000 $800,000 Direct labor $480,000 $480,000 Units completed 16,000 8,000 Direct labor hours 6,000 2,000 Number of setups 400 200 Number of orders 6,000 12,000 Machine hours 24,000 18,000 Receiving hours 3,000 7,000 The company's normal activity is 8,000 direct labor hours. Required: 1. Determine the unit cost for each model using direct labor hours to apply overhead. Unit Cost Model A $ Model B $ 2. Determine the unit cost for each model using the four activity drivers. Round your answers to nearest cent. Unit Cost Model A $ Model B $ 3. Which method produces the more accurate cost assignment?
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