The flatter the demand curve through a given point, the: c. greater the price elasticity of demand at that point.
Demand can be defined as the quantity of goods and services that a consumer is willing and able to pay for at a particular period of time.
This ultimately implies that, demand is the desire and ability of consumers to purchase goods and services at a certain price and a given period of time.
A demand curve is a graphical tool that gives the relationship between the quantity of goods and services demanded and the price at which they are sold.
A price elasticity of demand refers to a measure of the responsiveness of the quantity of a good (product) or service that a consumer demands with respect to a change in price of the product, all things being equal.
Basically, the flatter the demand curve through a given point, the greater the price elasticity of demand at that point and the less elastic demand curve.
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Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500
________ is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization.
Answer:
Simple Structure
Explanation:
Im pretty sure!
Flying High Manufacturing produces frisbees using a threeminusstep sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred from the molding process to the coloring process, which account is debited?
Answer and Explanation:
The journal entry is shown below:
WIP inventory - Coloring Dr XXXXX
To WIP inventory - molding XXXXX
(Being the transferring from the molding process to the coloring process is recorded)
For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets
Anthony and Cathy Smith have been married for thirty-one years. They have always had a joint bank account, discussed big expenditures, and shared household duties. Which term best describes the Smith family based on this information
Answer: Egalitarian
Explanation:
From the question, we are informed that Anthony and Cathy Smith have been married for thirty-one years and that they have always had a joint bank account, discussed big expenditures, and shared household duties.
The term that can be used to describe them is egalitarian. Egalitarian is a principle which believes that everyone is equal and everybody deserve a equal opportunity and has an equal right.
Question 3 of 10
Why do many banks consider student loans risky investments?
A. Student loans have long grace periods.
B. Student loans bring in a low rate of interest.
C. Student loans are regulated by the government.
D. Student loans aren't secured by collateral.
SUBMIT
On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.)
Answer:
Entry for the repayment involve a Debit of Note Payable of $1,060 and a Credit of Cash of $1,060.
Explanation:
By January 30 , 2 months interest would have expired and the journal entries are as follows :
December 31
Interest expense $30 (debit)
Note Payable $30 (credit)
January 30
Interest expense $30 (debit)
Note Payable $30 (credit)
Thus the repayment will be at the carrying cost of the note payable as follows :
Note Payable $1,060 (debit)
Cash $1,060 (credit)
Conclusion :
Entry for the repayment involve a Debit of Note Payable of $1,060 and a credit of Cash of $1,060.
Whirlpool Corporation has an agreement with IBM for the HR outsourcer to handle Whirlpool's workforce administration, compensation, recruitment, training, and performance reporting. This type of outsourcing is known as ________.
Answer: business process outsourcing
Explanation:
From the question, we are informed that Whirlpool Corporation has an agreement with IBM for the HR outsourcer to handle Whirlpool's workforce administration, compensation, recruitment, training, and performance reporting.
This is an example of business process outsourcing. It simply means when some operations that are related to a business are contracted out to
third-party provider. Such services can include human resources, payroll, customer care center etc.
(10 marks) 1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
Answer:
1. Political instability
2. High cost of taxation
3. Insecurity
4. Changes in law and policy
Explanation:
1A. Political instability. The uncertainty regarding political decisions is one of the major threat to foreign investment in Nigeria. Where there are daily crises in terms of political events, such will scare away potential investors. Moreover, if government changes regulations guiding businesses or do not enforce such changes, it may cut down the returns that should ordinary be made by the investors hence discourage them from making further investment.
1B. High cost of taxation. Emerging economies such as Nigeria imposes too many taxes on local and foreign investors who have their companies situated there. For instance, the federal government through Federal lnland Revenue services is saddled with the responsibility of collecting various types of taxes such as company income tax, withholding taxes etc. Moreover, state governments also levy taxes on these companies for situating and carrying out business transactions in their state.
1C. Insecurity. The prevalence insecurity in the North East discourages investors from investing in Nigeria. The country has to grapple with the daily threat posed by these terrorist. Again, the activities of these terrorist group including the dreaded bandits and local militants have claimed and destroyed lots of lives and properties over the years. Due to their constant and continuous activities, Nigeria has been included among terrorist nations hence scares investors away from coming to invest in the country because no one would want his or her investments to be destroyed.
1D. Changes in law and policy. Emerging countries such as Nigeria is used to changing laws regulating businesses constantly. Most of these changes come through variation of existing contracts such as using executive powers(circulars, administrative orders,directives etc). The continuous changes in law and policy is capable of discouraging investors from investing in the country.
2. If I have the resources to change any of the above, I would change political instability. The reason is that a country that is not stable politically cannot attract foreign investment. I would try as much possible to bring together all the political players in the country by asking them to ignore their political differences hence work towards common good of the country.
which bear is best? Beets. Bears. Battlestar galactica.
Answer:
black bear
Explanation:
I've watched the office 10 times
Answer:
N/A
Explanation:
That's a ridiculous question.
Wavetel, a hardware company based in Europe, acquires Telior, its competitor in a neighboring country. Identify the market-entry strategy that best describes Wavetel's move. Joint venture Direct foreign investment Franchising Indirect exporting
Answer:
Direct foreign investment.
Explanation:
A foreign direct investment commonly used by abbreviation FDI refers to a cross border investment in a business venture by a firm or individual of the country. In a broad sense, FDI occurs when a stockholder establishes overseas business activities or possesses foreign stock holdings in a foreign firm. FDI is a crucial component of global economic development since it establishes secure and long term trade linkages. FDI is an essential factor for the transfer of technology and infrastructure development and between different nations of the world. As per the question, Wavetel acquires a business firm in a neighboring country and it is a classic example of FDI.
A project that provides annual cash flows of $12,600 for 12 years costs $67,150 today. At what rate would you be indifferent between accepting the project and rejecting it?
Answer:
Explanation:A project that provides annual cash flows of $12,600 for 12 years costs $67,150 today. At
what rate would you be indifferent between accepting the project and rejecting it?
Out of the choices provided above, it can be concluded to state that the rate of 15.40 percent will be indifferent for accepting the project that provides annual cash flows of $12,600 for 12 years, and costs $67,150 today. Therefore, the option A holds true.
What is the significance of annual cash flows?Annual cash flows can be referred to or considered as the amount of cash generated as a form of positive return by an activity of monetary engagement. If the returns are higher than equilibrium, a project should be accepted, and rejected if the returns are lower than the equilibrium.
For the above condition, when a project earns a return of 15.40 percent, the costs are equal to the revenues generated by the firm, and thus, it is a point of equilibrium at which it becomes completely indifferent for a firm to accept or reject the project.
Therefore, the option A holds true and states regarding the significance of annual cash flows.
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The missing question has been added below.
A project that provides annual cash flows of $12,600 for 12 years costs $67,150 today. At what rate would you be indifferent between accepting the project and rejecting it?
15.40 percent
14.50 percent
12.45 percent
None of these
The insurer must be able to rely on the statements in the application, and the insured must be able to rely on the insurer to pay valid claims. In the forming of an insurance contract, this is referred to as
Answer:
utmost good faith
Explanation:
The utmost good faith refers to the principle in which both the parties are acted honestly i.e it disclosed all the information related to the insurance and does not misguide anything to gain a benefit in term of profit
Therefore in the given case, there is a contract made between the two parties where they trust each other and hope that they treated each one in a honest manner
So this situation represent the utmost good faith
An individual client purchased his residence 5 years ago for $200,000. For 3 of the last 5 years, the client rented out the property for income, and lived in the house of 2 of those years. The client sells the house for $500,000. How much of the gain is taxable
Darrell works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development time is provided on the job for those ideas that float to the top. Employees who use their creative talents to generate ideas and create products within large companies are called
Answer:
intrapreneurs
Explanation:
Intrapreneurs are people that work in a big company developing new ideas using the resources of the organization to improve its performance and results. According to this, the answer is that employees who use their creative talents to generate ideas and create products within large companies are called intrapreneurs because they work in a company developing ideas to generate positive results for it.
When JFCs consider incorporating combinations of contiguous and noncontiguous AOs with linear and nonlinear operations, they choose the combination that fits the operational environment and the purpose of the operation. Which of the following combinations describe a typical sustained offensive and defensive operation against powerful, echeloned, and symmetrically organized forces and where the forward line of own troops focus combat power and protect sustainment functions?
1. Nonlinear operations in noncontiguous AOs
2. Nonlinear operations in contiguous AOs
3. Linear operations in contiguous
4. AOs linear operations in noncontiguous AOs
Answer:
The correct answer is C)
Linear operations in contiguous AOs.
Explanation:
JFC stands for Joint Forces Command.
AO in United States Army nomenclature means Area of Operations.
Linear Operations is a military terminology which refers to the execution of operations using their own troops engaged in combat in a forward fashion. Linear operations military tactics allow commanders to channel and maintain combat power toward enemy forces along with adjacent units. Another word for adjacent units is Adjacent Operations.
Cheers!
A customer, age 69, has never invested in securities. She is retired with no dependents, living on a fixed pension of $35,000 per year. She has a savings account with $160,000 and her home is fully paid. She desires to supplement her retirement income, assuming minimal risk. The BEST recommendation would be for the customer to invest $100,000 of her cash savings into a(n):
Answer:
5000
Explanation:
Took the test
Background information: On January 1, 2015, Truesdale, Inc., purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine was expected to produce a total of 60,000 units in during its life. The machine actually produced 16,000 units during 2015, 23,000 units during 2016, and 21,000 units during 2017. The machinery has a salvage value of $3,000. EventActivity Type Using the units-of-production method, the amount of depreciation that should be recorded during 2015 is approximately ____. select Using the units-of-production method, the book value of the machinery at December 31, 2016 is approximately _____.
Answer:
The book value will be "13,500". The further explanation is given below.
Explanation:
The given values are:
Total acquisition cost,
= $33,000
Expected,
= 60,000
Depreciation expense per unit will be:
= [tex]\frac{33000-3000}{60000}[/tex]
= [tex]0.50 \ per \ unit[/tex]
For 2015,
Depreciation expense will be:
= [tex]16000\times 0.50[/tex]
= [tex]8000[/tex]
For 2016,
Depreciation expense will be:
= [tex]23000\times 0.50[/tex]
= [tex]11500[/tex]
Now,
⇒ [tex]Book \ value = Cost - Accumulated \ Depreciation[/tex]
⇒ [tex]=33000 - (8000+11500)[/tex]
⇒ [tex]=13500[/tex]
PLEASE HELP! IF YOU CAN'T ANSWER ALL OF THE QUESTIONS, PLEASE JUST GIVE ME AS MUCH AS YOU CAN! THANK YOUUUU
1. How can a business use its customer profile to meet the objective of increasing sales?
2. Explain why a business may decide to increase its product mix.
3. Define ‘customer profile’ and explain two elements that might be useful in creating a customer profile.
4. ‘Any business that fails to conduct a sales analysis will be unable to assess the success of its marketing strategies.’ Discuss.
5. A business has a sales forecast of $90000 but achieves actual sales of only $25000. What does this signify? What should the business do next?
6. Darren runs a garden maintenance business and has carried out a marketing campaign in his own and neighbouring suburbs. Explain how each of the following may help him evaluate the success of that campaign:
a. sales analysis b. market share analysis c. marketing profitability analysis
Answer:
1. Customer profile is used to increase sales by keeping their demand in mind. Customer traits and requirements are important and used a target for increasing sales.
2. Profitability is the main reason when a company is increasing its product mix.
3. Understand your product, take feedback from customer, observe customer typology.
Explanation:
4. The sales analysis is very important for any business. It is important to forecast sales based on demands of customers to ensure sufficient supply of products.
5. Inaccurate sales forecasting leads to decline sales. The company has foretasted $90,000 but in actual it was only able to make up $25,000 of sales. This may be due to some unavoidable circumstances but during forecast such events and seasonal effects should be considered.
6.
Sales analysis is an important factor which helps any organization to meet market demands.
Market share analysis helps the organization to identify where it stands out among its competitors.
Marketing profitability analysis is a process which helps a company to design such marketing strategies which will help to boost its profitability.
You are a vendor representative with a new line of fashion watches showing it to a new buyer. The costume jewelry buyer says she would like to buy the line but has too many lines of fashion watches in her assortment already that are not selling. She continues to complain that her worst-selling brand of watches will not help her out with any markdown allowances or take any of the merchandise back. She states that she is no longer buying any more merchandise from this line and will have to wait until it sells before she can bring in a new line of watches. What might you suggest or negotiate?
Answer:
Doing a buyback
Explanation:
Answer:
Since She states that she will no longer buy any more merchandise from this line and she will have to wait until it sells before she can bring in a new line of watches what i would or might you suggest or negotiate is for her to do a BUYBACK.
Therefore BUYBACK can be seen as something or item that have been repurchased due to some unresolved issues that has been reported by the initial owner but has since been resolved and it can as well mean an agreement to buy something in return.
Lastly BUYBACK can tend to be a sale whereby something that is been sold is repurchased from the buyer by either the seller or the initial owner.
A salesperson obtains several listings by going door-to-door in a neighborhood and warning residents that property values will drop once members of minority groups begin moving into the neighborhood. This would be considered:
Answer:
Blockbusting
Explanation:
Blockbusting is defined as a practice where agents persuade owners to sell properties at a lower price by creating fears that people of another race or class will enter the area and property prices will drop.
The properties are sold afterwards for higher prices, therefore the agent makes profit.
This is a tactic used in the United States by real estate agents to convince white people sell property at a cheap price by creating fear of minorities entering the neighbourhood
When a production possibilities frontier is bowed out it shows... Group of answer choices that there is no transaction cost going from one good to the next. an example of increasing opportunity cost. that resources are perfectly shiftable from the production of one good to another. All of these answers are correct.
Answer:
that resources are perfectly shiftable from the production of one good to another.
Explanation:
Production possibilities frontier defines that is a graph showing all the different production combinations of two products which can be manufactured using present resources and technology. The production possibilities frontier incorporates scarcity, option and trade-off principles.
In other term Production possibilities frontier Indicates the cumulative production mixture of different products or services that an economy can achieve by making optimal use of all available resources.
Explain the criticisms of labor unions today. 25 POINTSS
One major criticism of labor unions today is that they have become too large and are out of touch with workers’ needs. In the past, union leadership has shown a pattern of corruption and many people worry that this trend continues today. Some people argue that union activity has hurt the US economy; higher union wages have meant higher prices for consumer goods and the introduction of improved technology has been slow as unions fear it will result in fewer employees.
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Which of the following statements are true about authorized direct payments: (select all that apply)
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
b. Banks make many mistakes while processing these types of withdrawals
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
e. It is very expensive to enroll into automatic bill payment.
f. Once you enroll into automatic bill payment, you have to authorize direct deposits to your account on regular basis.
Answer:
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
Explanation:
Authorized Direct Payments give permission to an entity to withdraw a certain amount from your bank account to pay bills or other expenses. It is typically collected at a regular interval which is usually in months.
When using this it can be easy to forget that you have given permission for your money to be withdrawn from every period because you are not dealing with it directly. This means that you might even forget to adequately fund your account to enable the payment.
This type of payment is however very convenient as it means that you do not have to sign orders or checks every period because the payment just goes through automatically without bothering you.
As part of their convenience, these types of payments can be set up relatively fast. Stopping them on the other hand is a bit more difficult because it requires following up on multiple parties including the merchant and your bank. You would have to tell the merchant to stop collecting the payments sometimes by letter. Then you would have to issue a stop order to your bank to make sure they stop the payments. Then you have to ask for an update after some days from all parties to ensure that indeed your request has been carried out.
Statements that are right about authorized direct payments are;
It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments.It is convenient. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.What is authorized direct payments?A authorized direct payments is a kind of payment that occur when one authorize a company to electronically collect a pre-authorized amount from your checking in order to a bill.
It is an automatic payment plans can be set up in a matter of minutes and it's time saving.
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Conscious marketing: Group of answer choices is often grafted on to traditional business model, usually as a separate department or part of PR. is independent of corporate purpose or culture. sees limited overlap between the business and society, and between business and the planet. recognizes that business is a subset of society, and that society is a subset of the planet. reflects a mechanistic view of business.
Answer:
recognizes that business is a subset of society, and that society is a subset of the planet.
Explanation:
Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.
This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.
Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;
1. Employees.
2. Society.
3. Consumers.
4. Market place.
Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.
Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits.
Conscious marketing is recognizing that business is a subset of society, and that society is a subset of the planet. Thus, option (d) is correct.
By trying to involve customers more directly in the purchasing process and tailoring marketing and sales activities based on the fundamental values and objectives of the consumer base, conscious marketing varies from conventional marketing strategies.
It puts the needs of the client first and gives them the power to choose the products that are ideal for their lifestyle and well-being. Transparency, fair expectations, and a focus on a brand's social impact are all characteristics of conscious marketing.
As a result, the significance of the conscious marketing are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
Conscious marketing:
A. is often grafted on to the traditional business model, usually as a separate department or part of PR.
B. is independent of corporate purpose or culture.
C. sees limited overlap between the business and society, and between business and the planet.
D. recognizes that business is a subset of society, and that society is a subset of the planet.
E. reflects a mechanistic view of business.
Q2. 90% of flights depart on time. 80% of flights arrive on time. 75% of flights depart on time and arrive on time. Are the events, departing on time and arriving on time, independent?
Answer:
Events departing on time and arriving on time are NOT independent.
Explanation:
If two events A and B are independent, then
P(A and B) = P(A) * P(B)
Here
A = flights depart on time
B = flights arrive on time
P(A) = 0.90
P(B) = 0.80
If A and B are independent, then
P(A and B) = P(A) * P(B) = 0.9 * 0.8 = 0.72
Since
the observed value of P(A and B) is 0.75,
assuming that there are no observation errors, we conclude that the two events A and B are not independent.
A competitive firm sells its output for $60 per unit. Assume that labor is the only input that varies for the firm. The marginal product of the 10th worker is 20 units of output per day; the marginal product of the 11th worker is 16 units of output per day. The firm pays its workers a wage of $150 per day. For the 11th worker, the value of the marginal product of labor is
Answer:
$600
Explanation:
The computation of the value of the marginal product of labor is shown below:-
Value of marginal product of labor (MRPL) of the 10th worker = MRP Price = Maximum retailing price
= 10 × $60
= $600
Therefore for computing the marginal product of labor we simply applied the above formula and we ignore all other values as they are not relevant.
2 Points
Which of the following is a restriction on both workers and producers that
keeps the labor market from being a completely free market?
A. Workers' reluctance to move.
B. The minimum wage.
C. Unemployment insurance.
w
D. The reserve wage.
SUBMIT
Answer:
The minimum wage
Explanation:
Cost behavior is useful to managers for all of the following except:__________.
a. Whether to replace a machine.
b. To predict profits as sales and production volume changes.
c. To estimate costs.
d. None of these choices are correct.
Answer:
D
Explanation:
Cost behavior is defined as the measure of the reaction of the cost to outputs in production and sales volume.It reveals the impact of changes in activities on cost.
This helps the management in planning and controlling its costs and drive profits.
Cost behavior can be useful to the manager in deciding whether to replace a machine or not as the efficiency rate of a machine tends to reduce due to impairment , causing a rise in cost.
So also , it can be useful in predicting profits as sales and production volume changes and also to estimate cost.
Kacey grew up sailing and still loves it today. After securing a great job after graduation, he started saving for his own sailboat. He had his eye on one in particular and had saved about half what he needed when his company transferred him to Phoenix, which didn't have the same recreation options. Which of the following best describes Kacey?
a. Kacey is both in the market and the target market for the sailboat.
b. Kacey is not in the market for the sailboat yet.
c. Kacey was in the market for the sailboat prior to his move to Phoenix.
d. Kacey is in the market for this sailboat but not the target market
Answer:
b.
Explanation:
Based on the scenario at hand and the different options listed it can be said that the one that best describes Kacey is that Kacey is not in the market for the sailboat yet. That is because even though Kacey loves sailing, where she currently lives (Phoenix) does not have places to sail. Also, she does not even have the money to buy a sailboat yet and therefore is not in the market to buy one at the current moment in her life.
I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
Answer:
53
Explanation: