All of the given statements here are true regarding the given relevant range.
A specific level that is restricted by a maximum and minimal quantity is referred to as the relevant range. Certain revenue or spending increases are predictable within the defined parameters. Expenses and revenues outside of that pertinent range are most likely to differ from what has anticipated. The following two kinds of research make usage of the pertinent range idea particularly well. A business, service, or activity's projected cost is so much more likely to be true inside a time frame and less accurate outside of that range. Particularly, a "fixed" charge is only most likely to be true within an appropriate spectrum of activities. Additionally, suppliers' volume discounts are only applicable to specific buying volume numbers.
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to show an increasing preference for electric cars, we draw an initial demand curve for those cars and then show:\
To show an increasing preference for electric cars the demand curve will shift rightward for electric cars.
To show an increasing preference for electric cars, we would shift the demand curve for electric cars to the right, indicating an increase in demand at each price point. This shift could be caused by various factors, such as increased awareness of the environmental benefits of electric cars, government incentives for electric car ownership, improvements in battery technology, or changes in consumer preferences. By shifting the demand curve to the right, we can demonstrate that, at each price level, consumers are now willing and able to purchase more electric cars than they were previously, reflecting an increasing preference for this type of vehicle.
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Last year sales of XYZ company are Rs. 900,000 and 80% sales are on credit. Gross profit margin is 25% on sales. The closing stock value is Rs. 90,000. What must be the inventory turnover ratio and age of inventory of the firm?
The inventory turnover ratio of the firm is 7.5 times, and the age of inventory is 48.67 days.
What is turnover?
In business and finance, turnover refers to the total amount of revenue generated by a company through its operations over a specific period of time, typically a year. It can also refer to the rate at which a company's inventory is sold and replaced over a given period of time, usually a year. Turnover can be measured in terms of sales revenue, number of units sold, or number of transactions processed.
In accounting, turnover can also refer to the number of times a particular asset, such as inventory or accounts receivable, is replaced or converted into cash over a specific period of time. This is commonly referred to as the inventory turnover ratio or accounts receivable turnover ratio, respectively.
In general, turnover is an important metric used to evaluate a company's financial performance and efficiency, as it indicates how effectively a company is able to generate revenue from its operations and manage its assets.
To calculate the inventory turnover ratio and age of inventory of the firm, we need to use the following formulas:
Inventory turnover ratio = Cost of goods sold / Average inventory
Age of inventory = 365 days / Inventory turnover ratio
To calculate the cost of goods sold, we first need to calculate the total sales and the gross profit.
Total sales = Rs. 900,000
Credit sales = 80% of total sales = 0.8 x Rs. 900,000 = Rs. 720,000
Cash sales = Total sales - Credit sales = Rs. 900,000 - Rs. 720,000 = Rs. 180,000
Gross profit = Gross profit margin x Total sales = 0.25 x Rs. 900,000 = Rs. 225,000
Cost of goods sold = Total sales - Gross profit = Rs. 900,000 - Rs. 225,000 = Rs. 675,000
To calculate the average inventory, we need to add the opening and closing stock values and divide by 2.
Closing stock value = Rs. 90,000
Assuming that the opening stock value is the same as the closing stock value, the average inventory is (Rs. 90,000 + Rs. 90,000) / 2 = Rs. 90,000
Now we can calculate the inventory turnover ratio and the age of inventory:
Inventory turnover ratio = Cost of goods sold / Average inventory = Rs. 675,000 / Rs. 90,000 = 7.5 times
Age of inventory = 365 days / Inventory turnover ratio = 365 days / 7.5 times = 48.67 days
Therefore, the inventory turnover ratio of the firm is 7.5 times, and the age of inventory is 48.67 days. This means that the company sells its entire inventory 7.5 times in a year, and it takes around 48.67 days to sell its inventory.
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All of the following household expenditures are included in consumption expenditure or C, EXCEPT________?
A. Purchase of a new hat.
B. Payment to a dentist for X-Rays.
C. Purchase of a new home.
D. Purchase of hair styling products.
All of the following household expenditures are included in consumption expenditure or C, except purchase of a new home.
What is consumption expenditure?
Spending by households on products and services excluding purchases of new housing is referred to as consumption expenditure. It has surpassed all other components of gross domestic product in industrialized nations (GDP). Spending by families is represented by consumption expenditure. It includes the acquisition of three types of products: services, nondurables, and durables.
The government frequently emphasizes expenditure-side measures to stimulate the economy. Income that is available for purchase is the main factor influencing spending. It is household revenue that has been taxed, or income that has been after taxes.
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Required:1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example.)2. Calculate the manufacturing cost per drum set.Required information[The following information applies to the questions displayed below.]Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $493 each.Costs1. Plastic for casing—$20,0002. Wages of assembly workers—$88,0003. Property taxes on factory—$7,0004. Accounting staff salaries—$36,0005. Drum stands (1,000 stands purchased)—$38,0006. Rent cost of equipment for sales staff—$12,0007. Upper management salaries—$175,0008. Annual flat fee for factory maintenance service—$13,0009. Sales commissions—$24 per unit10. Machinery depreciation, straight-line—$48,000
The total fixed production is 68,000. and the total production cost is 214,000.
Cost by Behaviour Cost by function
Variable fixed product period
Costs
1 Plastic for casing 20,000 20,000
2 Wages of assembly workers 88,000 88,000
3 property taxes on factory 7,000 7,000
4 Accounting staff salaries 36,000 36,000
5 Drum stands 38,000 38,000
6 Rent cost of Equipment for sales staff 12,000 12,000
7 Upper manangement salaries 175,000 175,000
8 Annual flat fee for factory maintenance service 13,000 13,000
9 Sales commissions 24,000 24,000
10 Machinery depreciation,straight line 48,000 48,000
2) Manufacturing cost per drum set
Item total cost per unit
Variable production costs
Plastic for casing 20,000 20
wages of assembly workers 88,000 88
Drum stand 38,000 38
total variable production costs 146,000 146
Fixed production costs
property taxes on factory 7,000 7
the annual fee for factory maintenance service 13,000 13
Machinery depreciation 48,000 48
Total fixed production costs 68,000 68
total production cost 214,000 214
Management is the administration of an enterprise, whether or now not it is a business corporation, a nonprofit corporation, or a government body. it's far the art and technology of coping with sources of the industrial organization. management is how companies arrange and direct workflow, operations, and personnel to meet enterprise corporation goals. The number one aim of management is to create a surrounding that shall we personnel work correctly and productively.
The clean approach of control is performing things nicely. control way of organizing and coordinating a business enterprise's sports to gain precise goals. In different words, management is making plans, organizing, controlling, and foremost an enterprise corporation to reap its particular dreams. manage has high-quality elements. Managers are essential for any agency to gather its desires. they're the spine of any business enterprise, and their role is to make sure that the whole thing runs easily in the company. The achievement or failure of an enterprise relies upon how well its managers cope with their responsibilities.
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Suede Inc., a company that manufactures bags, makes extensive use of advertising to compete in the market. The features of its product are similar to existing products in the market. It uses other promotional tools such as discounts, coupons, and rebates to increase its customer base. In this scenario, which of the following elements does Suede rely on to differentiate its products?
a. Product reliability
b. Convenience
c. Brand image
d. Quality
In this scenario, brand image of the following elements Suede does rely on to differentiate its products.
What is brand image?Brand image refers to the perception that consumers have of a brand. It is the way that a brand is perceived by its target audience, including its reputation, personality, and values. A strong brand image can enhance the credibility and loyalty of a brand, while a negative brand image can result in a loss of trust and loyalty. A brand's image is influenced by a variety of factors, including its marketing and advertising, product quality, customer service, and overall brand experience. A positive brand image can differentiate a brand from its competitors, and can create a strong emotional connection between the brand and its customers, leading to increased sales and brand loyalty.
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In each of the following situations, identify whether the setting is primarily financial accounting or managerial accounting, a. Build-A-Bear Workshop reported it would experience a $3.9 million reduction in revenue in fiscal 2018 resulting from the adoption of a new accounting standard on revenue recognition 'b. Bayer, a leading pharmaceutical and chemical company, announced plans to sell its Coppertone sun care and Dr. Scholl's foot care product lines. C. Book publisher Penguin Random House pushed back the release date for several new books due to lack of available capacity at its printers. d. Apple reported quarterly revenue of $61.1 billion, a 16% increase from the previous year's results.
The correct reply is c. Managerial accounting locations greater emphasis on the future. Managerial accounting is used by using the agency for planning its future operations by means of making budgets, analysis, or other related things to do that are for inner purposes.
What is economic accounting mainly worried with?It is the process of identifying (interpreting), recording (Classifying & Summarizing), and speaking the economic events, of an business enterprise to fascinated customers of information. These customers can be classified into two categories: Financial accounting is mainly involved with External parties.
Even though economic accounting is of exquisite significance to cutting-edge and manageable investors, management accounting is essential for managers to make modern and future economic decisions for their business.
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https://brainly.com/question/26690519#SPJ4suppose that the local government of tulsa decides to institute a tax on soda consumers. before the tax, 30 billion liters of soda were sold every year at a price of $11 per liter. after the tax, 25 billion liters of soda are sold every year; consumers pay $16 per liter (including the tax), and The amount of the tax on a liter of soda is that falis on producers is per liter. per liter. Of this amount, the burden that falls on consumers is per liter, and the burden True or False: The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. True False
The given statement " The effect of the tax on the quantity sold would have been larger if the tax had been levied on producers. " is False.
What is burden of tax ?The impact of fiscal and tax policies on the socioeconomic structure is frequently assessed using the tax burden, which is the ratio of taxes collected in a given period to the total product.
The effect of the tax on the quantity sold would not have been larger if the tax had been levied on producers. The burden of the tax and the resulting change in quantity would be the same regardless of whether the tax is levied on producers or consumers, assuming that the market is competitive and there are no other distortions.
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the balance sheet identity shows that stockholders' equity equals assets blank liabilities. multiple choice question. times plus minus
The answer is minus, The balance sheet identity shows that stockholders' equity equals assets minus liabilities.
What does "stockholder" actually mean?Owners of an organization's existing shares—also known as stockholders—represent a residual piece of the company's assets and earnings as well as a portion of the voting power.
What distinguishes a shareholder from an investor in stock?Associated Courses. A person who owns shares in a corporation is referred to as a stockholder or shareholder, which denotes their ownership interest in the company. Consequently, both names denote the same thing and can be used interchangeably when discussing corporate ownership.
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in today's environment of hyperchoice, consumers actually make poorer decisions and feel more frustrated than when they had fewer choices. True or False
The given statement "in today's environment of hyper choice, consumers actually make poorer decisions and feel more frustrated than when they had fewer choices" is true because it can actually lead to poorer decision-making and more frustration for consumers.
Consumers often feel overwhelmed and confused when presented with too many choices. With so many options, it becomes difficult for them to weigh the pros and cons of each choice and make a decision.
Furthermore, the more choices consumers have, the higher their expectations become. They start to believe that they will find the perfect option that meets all their needs and preferences.
Additionally, having too many choices can also lead to regret. Consumers may feel like they missed out on a better option or made the wrong decision when they see other choices available later on.
This can result in a sense of dissatisfaction with their decision and may even cause them to avoid making any future decisions altogether.
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given the following data from a comparative competitive efforts page in the cir: wholesale segment your company industry average your company vs. ind. avg. wholesale price ($ per pair) $44.00 $53.83 -18.3% s/q rating (1 to 10 stars) 4.0 6.3 -36.5% model availability 350 300 16.7% brand advertising ($000s) 11,000 14,350 -23.3% rebate offer ($ per pair) 4.00 3.40 17.6% delivery time (weeks) 3 wks 2.8 wks 7.1% retailer support ($ per outlet) 5,500 4,675 17.6% retail outlets 1,007 1,538 -34.5% celebrity appeal 100 111 9.9% brand reputation (prior-year average) 63 76 -17.1% pairs demanded 2,773 2,413 14.9% gained/lost (due to stockouts) -16 0 pairs sold (000s) 2,757 2,413 14.3% market share (%) 11.4% 10.0% 1.4 pts based on the above data for your company, which of the following statements is false?
Without knowledge of the assertions being referenced, it is impossible to identify which statement is untrue based on the information presented.
Why are the following assertions untrue?A wholesale shoe company's numerous comparable metrics are shown in the provided data. It is impossible to determine which assertion is incorrect without understanding the details of the statements that are being compared. However, several important conclusions can be drawn. For instance, the company has a competitive edge because its wholesale pricing per pair is 18.3% lower than the industry standard. The company's SQ rating, on the other hand, is 36.5% lower than the industry standard, suggesting a potential weakness in the firm's product quality. Although the company spends 17.6% more on retailer assistance per outlet than the industry average, their brand advertising budget is 23.3% lower than the average for the sector, indicating an emphasis on improving support for retailers. In the end, a more thorough examination of the data and comparative claims would be necessary.
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During the past two years, both the cost per unit and the selling price per unit remained constant at The Floor Store. The firm was able to increase the quantity of goods it sells while holding the amount of inventory on hand at a constant level. This accomplishment will be reflected in the firm's financial ratios in which one of the following ways?
A) Increase in the fixed asset turnover rate
B) Decrease in the total asset turnover rate
C) Decrease in the days' sales in inventory
D) Decrease in the net working capital turnover rate
E) Decrease in the inventory turnover rate
The accomplishment described in the scenario will be reflected in the firm's financial ratios in the form of an increase in the inventory turnover rate, and therefore the correct option is (E): "Decrease in the inventory turnover rate".
The inventory turnover ratio measures the number of times a company sells and replaces its inventory over a specific period. When a company is able to increase the quantity of goods sold while holding the inventory levels constant, it means that the company is selling its inventory more efficiently. Therefore, the inventory turnover rate will increase. Since the cost per unit and selling price per unit remained constant, the increase in the quantity of goods sold will result in a decrease in the inventory turnover rate, indicating that the company is managing its inventory more efficiently.
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when the value of our dollar rises in comparison the us dollar our balance of trade will most likely resulting in a of jobs in the export industry
Although the U.S. unemployment rate is still low, which limits the country's ability to absorb additional demand without causing some inflation.
A stronger currency may be able to shift demand from the American economy to other economies around the world. When the value of the dollar declines, American goods appear less costly for Scots to purchase, which leads to an increase in exports inflation and a reduction in imports because they are now more expensive economy for Americans to purchase.
The Dollar index has an impact on how Indian inflation develops as well.A rise in the dollar inflation boosts the dollar's worth while depreciating the rupee. A weaker rupee increases import costs and lowers India Inc.'s profitability through economy increasing production costs.
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TRUE/FALSE. unfortunately given that good employees move from one organization to another they do not create a resource valuable enough for creating competitive advantage
Unfortunately given that good employees move from one organization to another they do not create a resource valuable enough for creating competitive advantage. (True)
What exactly do u mean by such a competitive edge?Anything that offers a business an edge over its rivals, enabling it to draw in more clients and increase its market share, is considered a competitive advantage. Three main types of competitive advantages are possible: Cost advantage is the ability to produce a good or deliver a service for less money than rivals.
Why is it vital to have a competitive advantage?In the viewpoint of its customers, a company's competitive edge is what distinguishes it from its rivals. These benefits enable a business to attain and sustain stronger profitability, a greater growth profile, or increased customer loyalty. A competitive advantage is usually referred to as a "protective moat."
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Calculate the yield to maturity on the following bonds. a. A 9.3 percent coupon (paid semiannually) bond, with a $1,000 face value and 18 years remaining to maturity. The bond is selling at $970. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Yield to maturity % per year b. An 8.3 percent coupon (paid quarterly) bond, with a $1,000 face value and 10 years remaining to maturity. The bond is selling at $900. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Yield to maturity % per year c. An 11.3 percent coupon (paid annually) bond, with a $1,000 face value and 6 years remaining to maturity. The bond is selling at $1,050. (Do not round intermediate calculations. Round your answer to 3 decimal places. (e.g., 32.161)) Yield to maturity % per year
The answer is 0.048% or 4.8% Yield to maturity % per year.
Calculations-
Annual Coupon Rate = 9.3%
Semi Annual Coupon Rate = 4.65%
Semi Annual Coupon (C) = $46.5
Face Value (F) = $1,000
Market Price (P) = $970
No of years = 18
No of Periods (N) = 36
YTM=C+F−PNF+P2=46.5+1000+36/21 /1000+950/ 2=46.5+0.83985=0.048or 4.8%.
What do bonds do?An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality.
What do bonds mean when investing?When they need to raise money, governments and businesses issue bonds. By purchasing a bond, you are effectively lending the issuer money. In exchange, they commit to repay you the face amount of the loan on a particular date and to make periodic interest payments—typically twice a year—along the way.
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To find the present value of an annuity of $100 per year for 5 years at 10 percent per year using the tables, look up the present value interest factor which is ____and multiply that by ___O 3.1699: 10 O 4.3553; 10 O 3.7908; $100 O 7.7217; $100
The present value of an annuity of $100 per year for 5 years at 10 percent per year can be found using the tables by looking up the present value interest factor which is 3.7908 and multiplying that by $100. The answer is $379.08.
What is annuity?An annuity is a financial instrument that provides a regular stream of payments to an individual in exchange for an upfront lump-sum payment or a series of payments. Annuities are often used for retirement and income planning as they provide a guaranteed income for a set period of time. Annuities can be structured as either immediate or deferred, with the latter providing payments that start at some point in the future. Annuities are generally purchased from insurance companies and are regulated by state insurance departments.
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compute the income elasticity of demand for each good and use the dropdown menus to complete the first column in the following table. then, based on the income elasticities, classify each good as either a normal good or an inferior good. (hint: be careful to keep track of the direction of change. the sign of the income elasticity of demand can be positive or negative, and the sign gives important information.)Good income elasticity of demand normal or inferior goodFlops ____ ____Spades ____ ____Diamonds ____ ____Which of the following three goods is most likely to be classfield as a luxury good?a. Spadesb. Flopsc. diamonds
According to the question diamonds are most likely to be classfield as a luxury good.
What is luxury good?A luxury good is a type of product or service that has a high level of quality and price. These goods usually have a higher price tag than similar items and often come with a high level of craftsmanship. Luxury goods may also be associated with a certain level of prestige or status. Examples of luxury goods can include things like expensive jewelry, designer clothes, cars, and private jets. Luxury goods also often come with a certain level of exclusivity. For example, a handmade watch might be only made in limited quantities, making it a rare find. Luxury goods are usually seen as a sign of wealth and success, and they can often be used to show off one's financial status. Luxury goods can also be seen as a way of expressing one's individual style or taste.
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Which statement best describes scientific management?
Group of answer choices
It focuses on effectiveness rather than efficiency.
It is an outgrowth of the Hawthorne studies, which found that people performed best in an environment of clearly specified, narrow job tasks.
It used scientifically tested methods of motivation to improve organizational performance.
It is successful at increasing output, in part through the use of incentive systems.
The statement best describes scientific management is It is successful at increasing output, in part through the use of incentive systems. Thus the correct option is D.
What is scientific management?Federick W. Taylor described scientific management as a system of organizing job tasks according to scientific principles. It is based on worker specialization, control of the time allotted to each activity, and task partitioning.
The main objective of classical management theory is to boost productivity, which attempts to promote equal and impartial treatment of everyone in terms of pay and other things without any discrimination.
Therefore, option D is appropriate.
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problem 3-1a (static) determine accrual-basis and cash-basis revenues and expenses (lo3-1, 3-2) required: for each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.
The accrual accounting has been solved for below.
What is accrual accounting?Accrual accounting is an accounting method in which revenues and expenses are recognized and recorded when they are earned or incurred, regardless of whether the cash has been received or paid. This means that transactions are recorded in the period in which they are earned or incurred, rather than when the cash is received or paid.
Accrual basis Cash basis
Transation # Revenue Expenses Revenue Expenses
1 0 460
2 0 80
3 0 1300
4 660 660
5 860 0
6 1900 1900
7 0 0
8 0 0
9 0 610
10 310 310
You are to fill the values into the table in the attachment
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The Mortgage Payable account is increased with an entry on the ______ side of the T-Account. (Enter one word per blank.) Right.
The amount owed on a mortgage loan is shown in the Mortgage Payable account, which is a liability account.
When a mortgage loan is obtained, the borrowed amount is shown as a liability on the balance sheet, and each payment made reduces the liability's outstanding sum. On the right side of the T-Account, commonly referred to as the credit side, an entry is made to boost the Mortgage Payable account. To put it another way, when a home loan is taken out, the liability grows and the credit entry reflects this growth. The Mortgage Payable account is decreased when a loan payment is made by recording an entry on the left side of the T-Account, also referred to as the debit side. This entry lowers the liabilities and represents the decrease in the mortgage balance.
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In performing activity analysis during the design of an activity-based costing (ABC) system, the management accountant studies: Multiple Choice a. The cost drivers and managers in the plant. b. The cost allocation methods applicable to the firm.
The answer is option c. The resources, activities, and cost drivers in the operation, these virtues are required In performing activity analysis during the design of an activity-based costing (ABC) system, the management accountant studies.
What does the term "cost" signify in economics?Cost, as used in everyday speech, refers to the monetary worth of the items and services that producers and customers buy. Cost, in a fundamental definition of the word, is the measurement of the alternative opportunities given up in favor of a certain good or activity.
What is a good economics illustration of cost?A $2 million R&D investment is made by a health company to create a novel anti-aging medicine. The new drug's adverse effects are eventually discovered by the firm, forcing it to halt production. Sunk costs for the business include the $2 million.
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While Peloton has had a surge in subscriptions due to the COVID-19 pandemic, what are your long-term expectations for this company’s success? Would you buy stock in Peloton? Explain.
Peloton experienced a surge in demand and subscriptions during the COVID-19 pandemic as many people turned to at-home fitness options.
What is the importance of fitness in life essay?Your heart and lungs, in particular, can benefit from improved cardiovascular health if you are fit. You can lower your risk of developing specific health issues by keeping those two things healthy. Also, because you are healthier as a result of having healthier organs, you live longer.
The long-term success of the company, as the pandemic has created a unique situation that may not be sustainable in the long term. Additionally, Peloton faces competition from other at-home fitness options and could also face challenges if people return to gyms and fitness studios post-pandemic.
Investing in Peloton stock would depend on an individual's personal financial goals and risk tolerance.
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gross profits frequently exist in ending inventory resulting from intra entity inventory transfers. these gross profits are _______________ in the preparation of consolidated financial statements
The answer is removed.income less cost of goods sold, expenses, depreciation and gross profits amortisation, interest, and taxes for a given accounting period.
Contrary to gross profit, which merely deducts the cost of products sold from revenue, this is not the same thing.Net income can be distributed to common stockholders as a dividend or added to the company's retained earnings. Because profit and earnings are synonymous with income, net earnings and net profit are frequently used as synonyms for net income (depending on usage in the UK and the US as well). Although the term "income" is sometimes used in place of "net income," this is not advised due to potential ambiguity. Net income is also referred to as the bottom line since it frequently appears on the last line of a company's financial statement (a related term is top line,
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If the representative firm in a monopolistically competitive industry has an optimal output where P < ATC, the industry will expand in the long run
True/False
The given statement "if the representative company in a monopolistically competitive industry has an optimal output where P < ATC, the industry will expand in the long terms" is false because if the representative firm in a monopolistically competitive industry has an optimal output where P < ATC (i.e., the price of the product is less than the average total cost of producing it), it means that the firm is not earning enough revenue to cover its costs, including both variable and fixed costs. In the long run, this would not be sustainable for the firm, as it would eventually have to shut down or exit the market.
If many firms in the industry are facing similar conditions, this could lead to a contraction in the industry, as some firms exit the market or reduce their output. This could eventually lead to an increase in the price of the product, as the remaining firms have more market power and are able to charge higher prices.
Therefore, if the representative firm in a monopolistically competitive industry has an optimal output where P < ATC, it is more likely that the industry will contract or consolidate in the long run, rather than expand.
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identify the components of utility. multiple select question. a. price b. consumer satisfaction c. inconvenience stability d. consumption utility
D. Consumption utility .The enjoyment or joy a consumer experiences from consuming products and services is referred to as utility by economists.
How important is consumer utility?The essential building blocks of an economy are consumers. In order to maximise utility and satisfaction, all consumers use products and services directly and indirectly. Consumers want to maximise their utility, yet they only have a certain amount of money.
In what way do utility and consumption relate to one another?The marginal utility of a good is what determines how much a customer is prepared to pay for it. According to the law of diminishing marginal utility, the marginal utility of a good decreases with each additional unit of consumption. As a result, when consumption rises, so does the price of an ordinary good.
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Bella vista Inc. needs to hire new marketing manager after the former manager retired. They recruited James Anderson from a competitor and offered him the job of manager. This best illustrates
The answer is external talent focus.Marketing management is an organisational discipline that focuses on the efficient management of a company's marketing resources and operations.
As well as the actual implementation of marketing orientation, strategies, and practises inside businesses and organisations.Marketing management applies economics and competitive strategy techniques to analyse the business environment in which the organisation works. These include, among others, Porter's five forces, the study of strategic competitor groups, and value chain analysis. When creating detailed competitor profiles, marketers utilise SWOT analysis to concentrate on the relative competitive strengths and weaknesses of each rival in the market. The cost structure, revenue streams, resources, and capabilities of each competitor, as well as their competitive positioning, product differentiation, and vertical integration, will be examined by marketing managers.
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Complete question is here:
Bella Vista Inc. needs to hire a new marketing manager after the former manager retired. The company recruited James Anderson, who was employed in Webster & Co., and offered him the job of manager. This is an example of ________.
When considering the impact of product differentiation on the threat of rivalry, product differentiation
A) reduces the threat of rivalry to zero.
B) increases the threat of rivalry by forcing each firm in an industry to compete directly with one another instead of allowing them to carve out their own unique product niche.
C) has no impact on the threat of rivalry.
D) reduces the threat of rivalry because each firm in an industry attempts to carve out its own unique product niche.
When considering the impact of product differentiation on the threat of rivalry, product differentiation reduces the threat of rivalry because each firm in an industry attempts to carve out its own unique product niche. (Option D).
What is Product Differentiation?Product differentiation is the process of distinguishing a product or service from others in the market through features, design, quality, or other characteristics. When firms are successful in creating a unique and differentiated product, they may be able to reduce the threat of rivalry in the industry.
This is because a firm with a unique product offering is less likely to face direct competition from other firms in the industry. Instead, each firm can focus on its own unique product niche, reducing the need for price competition and intense rivalry. As a result, product differentiation can lead to greater market share, increased profits, and reduced threat of rivalry.
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fill in the blank. in the context of the forms of employee teams, a(n)___is defined as a group formed specifically to design a new product or service, and the group normally disbands after the task is completed.
Related to the type of team of people, a project team is defined as a group specially formed to develop a new product or service and usually disbanded upon completion of the task.
A job description describes the knowledge, skills, and abilities necessary to perform a job satisfactorily. A management process refers to the set of activities that a manager performs to achieve the goals of an organization. These management task steps are intended to identify, analyze, and resolve performance or efficiency-related issues within an organization.
A job description is a broad, general written description of a specific job based on the results of a job analysis. It generally includes the job, purpose, responsibilities, scope and working conditions of the job, as well as the title of the job and the name or designation of the person to whom the employee reports.
Job descriptions include educational qualifications, specific qualities, level of experience, physical, emotional, technical, and communicative abilities necessary to perform the job, job-related responsibilities, and other unusual sensory requirements.
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Heritage Glass in rural Tennessee expects 60 to 70 percent of its sales to come from regions outside of the United States including the Philippines, Europe, and South America. Heritage Glass has a _____ vision.
O absolute
O strategic
O protectionist
O global
Heritage Glass in rural Tennessee expects 60 to 70 percent of its sales to come from regions outside of the United States including the Philippines, Europe, and South America. Heritage Glass has a global vision. So, option d. is the correct answer.
Having a global vision implies recognizing and reacting to international business possibilities, being knowledgeable of threats from foreign opponents in all markets, and effectively using International allocation networks to acquire raw materials and move finished products to the consumer. An organization planning to have a global business mandates a transnational strategy. Such a technique requires a global vision. This entails that the whole world is contemplated as a possible marketplace.
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Which of the following functions is NOT typically involved in a cross-functional product development effort? A. marketing B. operations C. finance D. All of these functions are involved.
The correct option is D. All of these functions are involved is NOT typically involved in a cross-functional product development effort.
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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Towards the end of the 16th century the potato (originated in South America) was brought to Europe. In particular, within a short time period it became the prime agricultural crop in Ireland. The population of Ireland that was about 2 million in 1650, increased to about 6 million by 1845. Suppose Ireland is in a Malthusian steady-state equilibrium prior to the introduction of potatoes.
(a) What should have been the increase in the productivity of land, A, (due to the introduction of potatoes) so as to generate a 3-fold increase in population.
(b) Draw the phase diagram that describes the evolution of population from one steady-state to another
(c) Given the fact that the Irish economy was in a Malthusian state over the period 1650-1850 what should we expect the level of income per capita to be in 1845 relative to the level in 1650?
(d) Draw the phase diagram that describes the dynamics of income per capita over this period
What might we anticipate the amount of income per capita being in 1845 relative to a level in 1650 given that the Irish economy was in an Malthusian condition between 1650 and 1850?
The Malthusian economy is what?When a current societal production technology develops so slowly that population growth drives incomes to the subsistence level, the Malthusian economy is the dominant economic system.
What is the latest Malthusian theory?Neo-Malthusianism, which is the belief that a huge population might cause an ecological and humanitarian catastrophe and that preventing so-called overpopulation is therefore a vital issue, has real-world repercussions. The notion frequently leads to support for coercive laws.
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