Answer:
The question is incomplete, below is a possible match of the complete question:
Ace Credit Card Company agrees to transfer cash to Seller Company immediately upon deposit of that company's credit card sales receipts. Ace charges a 2% fee for all credit card sales. If Seller Company deposits $57,300 credit card sales receipts, which of the following statements are true?
A. Ace will receive $56,154 cash from Seller Company
B. Seller Company will receive cash $56,154 from Ace
C. Ace will receive $57,300 cash from Seller Company
D. Seller Company will receive $57,300 cash from Ace
E. Ace will pay Seller Company a $1,146 credit card fee
The correct answer is:
Seller Company will receive cash $56,154 from Ace (B)
Explanation:
Since Ace charges a 2% fee for all credit card sales, for a deposit of $57,300 by Seller company, the 2% service charge will be deducted, and to find how much cash seller company will receive, we will calculate the balance on the deposited amount after the 2% fee has been deducted. This is done as follows.
2% of $57,300 = 2/100 × 57,300
= 0.02 × 57,300 = $1,146
Therefore, balance after deduction:
= 57,300 - 1,146 = $56,154
Hence, seller company will receive a cash of $56,154 from Ace for the credit card sales.
The six sigma approach to quality control: Multiple Choice detects potential problems early to prevent their occurrence. views quality control as a function of the marketing department. allows only 600 defective units per one thousand units produced. relies on a special team of experts to examine every unit of output at the end of the production process.
Answer:
detects potential problems early to prevent their occurrence.
Explanation:
Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.
This ultimately implies that, the six sigma approach to quality control detects potential problems early to prevent their occurrence.
Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services. It allows only 3.4 defective features for every million opportunities and as such expects processes to be defect free 99.99966 percent of the time.
Generally, there are two (2) main methods of achieving the six sigma approach;
1. DMAIC: define, measure, analyze, improve and control.
2. DMADV: define, measure, analyze, design and verify.
Lawrence recently bought a brand new Bentley Mulsanne, a very expensive car, but he is suffering from buyer's remorse. He wishes he would have bought something that made a bigger impression on the ladies at the Taco Bell drivethrough. Howard, however, recently purchased a preowned '86 Camaro with a flame job on the hood from a car dealer, and when he rolls through Taco Bell with the T-tops off, the drive-through ladies are always staring at his car and his mullet hairdo. Howard is far more satisfied with his car than Lawrence. From a marketing point of view, which of the following concepts has contributed to Howard feeling satisfied with this purchase?
a. CRM implementation
b. Howard's full partnership with his '86 Camaro
c. Perceived value of the car
d. Customer loyalty
Answer:
The marketing concept that contributed to Howard feeling satisfied with his purchase of "a preowned '86 Camaro with a flame job on the hood" is
c. Perceived value of the car
Explanation:
Howard evaluates the merits of this preowned '86 Camaro as it has the ability to satisfy his needs for winning the attention of the drive-through ladies at Taco Bell. When he "rolls through the Taco Bell with the T-tops off the ladies keep staring at his car." It is this attention that he needs. And the car investment ensures that he achieves this attention from the ladies. Howard's feeling of satisfaction is accentuated the more when compared with the less-than-impressive attention that Lawrence pools with the girls, while driving his expensive Bentley Mulsanne through the same Taco Bell.
Environmentalist: The commissioner of the Fish and Game Authority would have the public believe that increases in the number of marine fish caught demonstrate that this resource is no longer endangered. This is a specious argument, as unsound as it would be to assert that the ever-increasing rate at which rain forests are being cut down demonstrates a lack of danger to that resource. The real cause of the increased fish-catch is a greater efficiency in using technologies that deplete resources.
The environmentalist's statements, if true, best support which of the following as a conclusion?
(A) The use of technology is the reason for the increasing encroachment of people on nature.
(B) It is possible to determine how many fish are in the sea in some way other than by catching fish.
(C) The proportion of marine fish that are caught is as high as the proportion of rain forest trees that are cut down each year.
(D) Modern technologies waste resources by catching inedible fish.
(E) Marine fish continue to be an endangered resource.
Answer:
A
Explanation:
The main difference between the classical model of the price level and the modern understanding of the relationship between the money supply, the price level, and real GDP is that according to classical economists, _____, while today's economists _____
Answer:
D. classical economists the adjustment of prices to changes in the money supply is instantaneous, while economists today argue that this adjustment process takes some time.
Explanation:
The difference between the classical and modern understanding of the price level is highlighted in the Classical and Keynesian theories. The Classical model assumes that the economy moves towards full employment and is self-adjusting. It also stipulates that prices and wages are flexible based on the demands at the present time. So it simply explains changes in the short-run which automatically resolve themselves without requiring and external help from the government or any other source.
The Keynesian model was developed after the Great Depression when there was massive unemployment. It holds that the economic output reflected in the real GDP, as well as price level, can remain below its optimum potential for a long period of time, thus requiring external factors to stabilize them. Therefore, the adjustment process takes some time to be fully resolved.
Seymore named his wife, Penelope, the beneficiary of a $100,000 insurance policy on his life. The policy provided that, upon his death, the proceeds would be paid at a rate of $4,000 per year plus interest over a 25-year period. Seymore died June 25 of last year, and in the current year Penelope received a payment of $5,200 from the insurance company. What amount should she include in her gross income for the current year
Answer:
$1,200
Explanation:
The reason is that out of $5,200, $4,000 is the amount that Penelope receives as capital asset proceeds as this $4,000 reduces the insurance policy worth by $4,000. Hence it is insurance policy proceeds and is exempt from tax. The remainder $1,200 is interest earnings per year which must be included in the gross income for current year as it is taxable income.
Maximizing the efficiency of the manufacturing or product development process to minimize costs is referred to as _________. A. managerial skill B. business superiority C. maintenance strategy D. operational excellence
D. operational excellence
On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months paid in advance. Norma Company records the payment by debiting Prepaid Rent $2,200 and crediting Cash $2,200. At the end of June, what should be the balance of Norma's Prepaid Rent account
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
In the consumer purchase decision process for Coppertone products, the problem recognition stage is typically triggered either by "going somewhere" like a vacation, beach, or pool, or through what
Answer:
heightened awareness of the need to protect skin regularly.
Explanation:
There are five stages in the consumer purchase decisions, they are; Problem recognition stage, information search, evaluation of alternatives, purchase decision and post purchase evaluation.
The problem recognition stage is where the consumer have a need hence recognizes that such need or problem could be met by a product or service in the market. In this stage, the consumer or buyer knows exactly the difference between his or her actual need and some need that needed to be met. Consumer's need in this stage could be heightened through internal action such as being thirsty or hungry and then external factors such as spoken words.
With regards to the above scenario, the customer have a specific need which is heightening awareness of the need to protect his or her skin regularly but knew quite well that such need could be met either by going to a pool, beach or go for a vacation.
Suppose the government is concerned about firms in the United States importing illegal caviar. As a result, the government increases border patrols to catch illegal shipments. U.S. Customs agents perform DNA testing on the caviar to determine if it comes from endangered species of fish. If so, the government destroys the caviar.
What would we expect to observe in the caviar market?
Answer:
C
Explanation:
here are the options to this question
a. equilibrium prices and quantities will increase.
b. equilibrium prices will increase by more if the demand for caviar is elastic than if demand is inelastic.
c. total revenues to caviar firms will increase if the demand for caviar is inelastic.
d. all of the above are correct
As a result of the increased government scrutiny of caviar, the supply of caviar would fall and a result of this, prices would rise.
if prices rise and demand is inelastic, the total revenue of caviar firms would rise.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
As a result of the rise in price of caviar, there would be little or no change in quantity demanded and total revenue of these firms would rise
In hopes of earning a few dollars on belongings they no longer use or want, some people take their household items to consignment shops, while other people sell their items on eBay. Which method of selling can be argued to have more structural holes?
Answer:
Selling through a consignment shop
Explanation:
Structural holes refer to a situation in which parties in a network are not able to interact.
A consigment shop is a store where you can take things to sell and the owner decides a price to pay and then, the objects are sold to someone else at a higher price and the owner gets a profit.
eBay is an online shopping site that allows people to sell things directly to buyers.
According to this, the answer is that the method of selling that can be argued to have more structural holes is selling through a consignment shop because buyers can't negotiate directly with the sellers which they can do in eBay.
Suppose the price for one gallon of gasoline rises from $3.50 to $4.00 and the price of one gallon of milk rises from $3.00 to $3.20 . If the CPI rises from 120 to 132, then people likely will buy:_________.
a. more gasoline and more milk.
b. more gasoline and fewer milk.
c. less gasoline and more milk.
d. less gasoline and fewer milk.
Answer:
c. less gasoline and more milk.
Explanation:
The increase in price of gasoline = $3.50 to $4
The increase in price of milk = $3 to $3.20
The increase in CPI = 120 to 132
Current price as per CPI of Gasoline should be = (132 /120) * $3.5 = ($3.85)
The price of milk considering the CPI = (132/120) * $3 = 1.1*3 = $3.3
Since the actual price of milk is lower than the price of $3.3. thus more of milk will be demanded. So option c. “less gasoline and more milk” is correct.
A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock. Under the Uniform Securities Act, this action is A) permitted because the agent was not recommending a transaction B) permitted because the agent determined that selling the securities was not suitable C) not permitted because the agent must not attempt to influence the market value of a security D) not permitted because the agent must not deceive the customer by misstating a material fact
Answer: not permitted because the agent must not deceive the customer by misstating a material fact.
Explanation:
From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.
It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.
You and your spouse are in good health and have reasonably secure careers. Each of you makes about $40,000 annually. You own a home with a mortgage of $80,000, and you owe $15,000 on car loans, $5,000 in personal debts, and $4,000 on credit card loans. You have no other debts. You have no plans to increase the size of your family in the near future. Assume funeral expenses of $10,000. Estimate your total insurance needs using the DINK method.
Answer:
$62,000
Explanation:
the DINK method or double income, no kids method, makes two basic assumptions when considering insurance needs:
both spouses work and earn the same salariesif one spouse dies, the remaining one will keep workingIn order to determine total insurance needs you add funeral expenses ($10,000) + half of mortgage ($40,000) + half of auto loan ($7,500) + half of credit card debts ($2,000) + half of personal debts ($2,500) = $62,000
A questionnaire is an example of push marketing pull marketing primary market research secondary market research
Answer:
push
Explanation:
Suppose that total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. We can conclude that:__________.
A. price leadership exists in this industry
B. the concentration ratio is more than 80 percent.
C. the firms in this industry face a kinked demand curve.
D. this industry is a differentiated oligopoly.
Answer: A: price leadership exists in this industry
Explanation:
hope this helps
Suppose that the total sales in an industry in a particular year are $600 million and sales by the top four sellers are $200 million, $150 million, $100 million, and $50 million, respectively. From this we can conclude that the concentration ratio is more than 80 percent. Thus option (B) is correct.
What is the Concentration ratio?The concentration ratio is calculated as the sum of the market share percentage held by the largest specified number of firms in an industry.
The concentration ratio ranges from 0% to 100%, and an industry's concentration ratio indicates the degree of competition in the industry.
A concentration ratio that rages from 0% to 50% may indicate that the industry is perfectly competitive and is considered a low concentration.
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During 2014 Carne Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2015. Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne. In 2015 when Carne repurchased the inventory, Nolan used the proceeds to repay its bank loan.
On whose books should the cost of the inventory appear at the December 31, 2014balance sheet date?
a. Carne Corporation
b. Nolan Corporation
c. Norwalk Bank
d. Nolan Corporation, with Carne making appropriate note disclosure of the transaction
Answer:a. Carne Corporation rtdfrtfv xcvbn
Explanation:
Nolan then used the inventory as collateral to borrow from Norwalk Bank, remitting the proceeds to Carne.
Here, goods are temporarily transferred to Nolan corporation to handle financial requirements and agreed to repurchase the merchandise early in 2015, thus the cost inventory will be recorded by Carne corporation.
This is a kind of product financing arrangement.
Hence, the cost of the inventory will appear Carne Corporation at the December 31, 2014 balance sheet date.
Thus, the correct option is a. Carne Corporation.
Consider the example of an individual in a grocery store examining two cans of peaches, Alpha Peaches and Beta Peaches. If Alpha is thought to provide 10 units of pleasure per dollar and Beta is thought to provide 8 units per dollar, then Alpha should be chosen.
a) true
b) false
Answer:
True.
Explanation:
True, The given situation is true because the pleasure (utility) provided by Alpha is greater than the pleasure (utility) provided by the Beta. Therefore, a rational person will buy only that commodity which has a higher utility. Here, we can see the Alpha provides 10 units of utility or pleasure per dollar while Beta provides 8 units of utility or pleasure per dollars. So, only Alpha will be chosen.
Memoryjet, Inc has developed a new technology for high-volume jump drives. In order to manufacture their new devices they will need to gear up a new production line, which will cost about $85 million. What kind of bond instrument could they use to help secure the funds they need for their new line
Answer: Corporate bond
Explanation:
From the question, we are informed that Memoryjet, Inc has developed a new technology for high-volume jump drives and that in order to manufacture their new devices they will need to gear up a new production line, which will cost about $85 million.
The kind of bond instrument could they use to help secure the funds they need for their new line is the corporate bond. This is used by an organization in order for them to raise capital.
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 65,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 9.00 Overhead 10.00 Total costs per unit $ 24.00 Direct materials and direct labor are 100% variable. Overhead is 80% fixed. An outside supplier has offered to supply the 65,000 units of RX5 for $18.00 per unit. Required: 1. Determine the total incremental cost of making 65,000 units of RX5. 2. Determine the total incremental cost of buying 65,000 units of RX5. 3. Should the company make or buy RX5
Answer:
1. The total incremental cost of making 65,000 units of RX5
Total Direct Material + Total direct Labour + Variable Overhead cost
Total Direct Material = 65,000 units * $5 = $325,000
Total Direct Labour = 65,000 units * $9 = $585,000
Variable Overhead cost = $65,000 * 10 = $650,000. $650,000 *(1- 80%) = $650,000 *20% = $130,000
Hence, The total incremental cost of making = $325,000 + $585,000 + $130,000 = $1,040,000
2. The total incremental cost of buying 65,000 units of RX5 =
The cost to buy the units = 65,000 units * $18 = $1,170,000
3. The company should be making the RX5 because the total cost of making the 65,000 unit of RX5 is lesser than cost of buying the 65,000 units of RX5
Laura Pine worked as a welder for BCD Company for ten years before it changed its rigid tuition reimbursement policy. This year, the new education support policy will allow her to take any course that interests her, not just a course in her field of employment. She is very excited about this and has enrolled in two management courses. She has always thought she had the ability to become a good manager. Laura is attempting to satisfy her ____ needs.
Answer: self-actualization
Explanation:
From the question, we are informed that Laura Pine worked as a welder for BCD Company for ten years before it changed its rigid tuition reimbursement policy.
We are further informed that this year, the new education support policy will allow her to take any course that interests her, not just a course in her field of employment and that she is very excited about this and has enrolled in two management courses.
She has always thought she had the ability to become a good manager. This shows that Laura is attempting to satisfy her self actualization needs.
As a financial responsibility, the sponsoring broker must keep a journal
for each seller client.
that is filled out once per year.
that is in the back of the employee manual.
for each escrow account.
what is a perfect market?
Answer:
A Perfect market is
a market where the sellers of a product or service are free to compete fairly, and sellers and buyers have complete information: The internet has a big part to play in the creation of a perfect market. Compare. imperfect market.
As Adam traveled across the state of Tennessee, he stopped and bought gas, a bottle of soda, and a bag of corn chips at a small store that he will probably never visit again. What type of transaction did Adam engage in when he made these purchases?
Answer:
Solo exchange.
Explanation:
Solo exchange is a type of market exchange where there is a short time horizon for the customer-salesperson relation or interaction. This exchange is conflicting in nature, involving a bargain system.
It involves no bonds or any interest in the other party. Consisting of a simple transaction, this short term interaction involves the parties caring about their interests. So, when Adam bought the items from a small store that will never be revisited constitutes a form of solo transaction.
Which statements are TRUE? I NASDAQ Global Market stocks have more stringent listing standards II NASDAQ Global Market stocks have less stringent listing standards III NASDAQ Capital Market stocks have more stringent listing standards IV NASDAQ Capital Market stocks have less stringent listing standards
Answer:
I. NASDAQ Global Market stocks have more stringent listing standards.
IV. NASDAQ Capital Market stocks have less stringent listing standards.
Explanation:
The true statements about the NASDAQ are;
I NASDAQ Global Market stocks have more stringent listing standards.
IV NASDAQ Capital Market stocks have less stringent listing standards.
Which of the following is a cloud computing element that gives a service provider the ability to dynamically allocate shared physical resources to multiple customers based on each customer's usage demand?
A. On-demand.
B. Resource pooling.
C. Measured Service.
D. Rapid Elasticity.
Answer:
B. Resource pooling.
Explanation:
-On-demand means that clients can get the service when and where they need it.
-Resource pooling refers to grouping resources to provide the service to different customers in a way in which the resources are assigned according to the demand of each client.
-Measured Service is when a company monitors the service that is providing for different purposes like billing.
-Rapid Elasticity is the ability that the company providing the service has to modify the resources according to the demand.
According to the definitions, the answer is that the cloud computing element that gives a service provider the ability to dynamically allocate shared physical resources to multiple customers based on each customer's usage demand is resource pooling.
CompuTop Company sells toy laptop computers for $30 each. If the variable cost for each laptop is $20 and fixed costs total $25,000, how many laptops must CompuTop sell to generate a target income of $66,667?
Answer:
$9,166.70
Explanation:
The computation of the number of laptop need to sell is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $30 - $20
= $10
And, the fixed cost is $25,000 + profit is $66,667
Now putting these values to the above formula
So, the number of laptops sells is
= ($25,000 + $66,667) ÷ ($10 per unit)
= $9,166.70
Many store brands use packaging and labeling that is similar to the more expensive national brand. The hope is that the look-alike package will elicit a similar response in consumers that encourages them to purchase the cheaper store brand. This is an example of Group of answer choices
Answer:
Stimulus generalization
Explanation:
Stimulus generalization defines that it is the process of call up for a reason by giving responses. For example we call dog by using the bell so that dog can come for food.
Therefore according to the given situation, Many store brands use similar packaging and labeling to the more expensive big company. The idea is that in customers, the look-alike kit would evoke a similar reaction that allows them to buy the affordable store brand so this is an example of Stimulus generalization
Broker Freehand and Broker Getrich make a deal that Freehand will take all the listings on the north side of town, which are located near his office and Broker Getrich will take all the listings on the south side near his office. They have agreed not to cross into each other's territories or allow their salespeople to do this. They have also agreed to set their rates at 7% so that the sellers will all pay the same fee. Is this acceptable?
Answer:
It is not acceptable
Explanation:
The office of Broker Freehand is located on the north side of town while the office of Broker Getrich is located on the south side of town but the office location shouldn't make a basis for such agreement because such agreement is a breach of Sherman Anti trust act
Sherman antitrust act is an act that was made to stop monopoly of a businesses by a group of firms or individuals with the aim of dictating prices of goods and services in the market. The agreement between Broker Freehand and Broker Getrich will eliminate fair market competition for other Brokers and will also set the prices of the listing since the rates charged by both would be fixed at 7%
Wages of $8,000 are earned by workers but not paid as of December 31. Depreciation on the company’s equipment for the year is $11,440. The Office Supplies account had a $350 debit balance at the beginning of the year. During the year, $5,367 of office supplies are purchased. A physical count of supplies at December 31 shows $587 of supplies available. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,800 of unexpired insurance benefits remain at December 31. The company has earned (but not recorded) $700 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. The company has a bank loan and has incurred (but not recorded) interest expense of $5,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31.
Answer:
wages expense 8,000 debit
wages payables 8,000 credit
----------------------------------------------------
depreciation expense 11,440 debit
accumulated depreciation equipment 11,440 credit
----------------------------------------------------
supplies expense 5,130 debit
supplies 5,130 credit
----------------------------------------------------
Insurance expense 3,200 debit
Prepaid Insurance 3,200 credit
----------------------------------------------------
Interest Receivables 700 debit
Interest Revenue 700 credit
----------------------------------------------------
interest expense 5,000 debit
Interest payable 5,000 credit
----------------------------------------------------
Explanation:
We follow the accountign rinciples: Debit = Credit
And one line per account
and all accounts posted must have a balance
Additional calculations:
Supplies
beginning + purchase = used + ending
350 + 5,367 = used + 587
used supplies = 350 + 5,367 - 587 = 5,130
Insurance
Beginning unexpired - Ending unexired = expired
5,000 - 1,800 = 3,200
Sematech is a producer of computer chips. To gain an advantage over other computer chip makers, Sematech focuses on reducing its costs below all of its competitors and has aligned its value chain accordingly. Recently, several of Sematech's competitors have begun to reduce the company's competitive advantage. In response to this threat, Sematech has decided to add production capacity in an effort to lower costs.
Sematech is pursuing which strategy?
A) cost-leadership business strategy
B) product-differentiation business strategy
C) cost-leadership corporate strategy
D) product-differentiation corporate strategy
Answer: A) cost-leadership business strategy
Explanation:
Cost leadership business strategy is a
strategy of getting a competitive advantage by having the lowest cost of operation in the entire industry. makes a reasonable profit on each sale because you've reduced costs.Here, To gain an advantage over other computer chip makers, Sematech focuses on reducing its costs below all of its competitors .
where as product differentiation is a technique use to differentiate a product from similar offerings on the market.
So, Sematech is pursuing a cost-leadership business strategy.
So, correct option is (A).
Sematech is pursuing the cost-leadership business strategy.
What is Cost leadership business strategy?Cost leadership business strategy is a strategy of having low operating costs across the industry, make a good profit on every sale because you reduce costs.
Here, In order to make more profit than other chipmakers, Sematech focuses on lowering its costs below all of its competitors.
Whereas product classification is the process of distinguishing a product from the same products on the market.
Therefore, Sematech pursues a cost-leadership business strategy. Option A is the correct answer.
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