In 2017, ABC Company had net sales of $500,000 and a gross margin of $ 300,000. The total overhead costs were $ 100,000 and the promotion costs were $80,000. The company sold 100,000 units. What was $BEP of the company in 2017?

Answer:

Mass Customization.

Explanation:

This a part of marketing strategy or factor that allows a customer to design certain features of a product while still keeping costs closer to that of mass produced products.

Mass customization is also a process of delivering wide market goods and services which are modified to satisfy a specific customer's need. Mass customization is a marketing and manufacturing technique which combines the flexibility and personalization of custom made products with the low unit costs associated with mass production.

Answer: D.) Direct marketing (happy to help)

Explanation:

Answer:

C) The work itself

Explanation:

Job satisfaction is one of the biggest factors that determines how much effort and passion an employee is willing to give at his/her workplace. A satisfied employee will always be more productive and efficient than an unsatisfied one.

There are several factors that affect job satisfaction including money earned, perks, power or simply the love for the work that you do. Erika's motivation is simply the love for the work that she does. She enjoys doing it every single day and hopes that her work will make a difference in the world.

Erika's attitude reflects the determinant of job satisfaction known as the work itself.

Erika's attitude reflects the determinant of job satisfaction known as the work itself. She is passionate about her work in the laboratory and is motivated to make a revolutionary breakthrough that can help mankind. Her dedication and drive are centered around the nature of the work she is doing.

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Answer:

C) $10,000, $1,000, and $9,000, respectively.

Explanation:

the money deposited by the client = $10,000

bank's reserve ratio is 10% = $10,000 x 10% = $1,000

since the bank kept the whole $10,000 as reserves, then:

The bank is only required to keep $1,000 in reserves, this means it can borrow the remaining $9,000 whenever they want.

Answer:

Advantage: Labor Unions allow employees to get together and discuss their job and creates the ability to improve their working conditions and/or pay

Disadvantage: Employees can be fired for joining a Labor Union

Labor unions are fair to employers because their employees are free to do what the please in means of how they gather and what they discuss

They can be taken advantage of by: being fired for the assumption of being in a union

Explanation:

Answer: Option D

Explanation:

When there is inflation it increases the money flow in the economy. When there is increased money flow the customers spend a lot of money on the goods and services so the pricing of the products are also based on the inflation in the economy.

Though there is increased prices the income of the people are also increased to that level. This can simply be called as increased cost of living. The prices are increased due to the increased wages of the people.

Answer:

Capacity Requirements planning

Explanation:

Capacity requirements planning refers to a planning technique used in determining quantity of product needed to be produced and if the available resources can meet up with the production. It helps to check if an organization can meet up with future demands for its merchandise. That is, it gives information on whether the organization has the capacity needed in producing production goals. It involves checking both human labour and machine labour putting into consideration component parts and end items in the materials plan.

The process described is known as the resource approach to production planning, focusing on labor and machine resource allocation based on inputs or factors of production. This approach is an integral part of efficient manufacturing, involving various economic actors throughout the production process.

The process of determining the amount of labor and machine resources required to accomplish the tasks of production, taking into account all component parts and end items in the materials plan, is known as the resource approach to production planning. This approach involves analyzing the inputs—the resources such as labor, materials, and machinery that are used to produce goods and services—also referred to as factors of production. Unlike the cost approach, which starts with the intended output and seeks to minimize costs, the resource approach focuses on the resources needed to achieve production goals.

The resource approach requires a detailed understanding of the production process, including the design, management of the workforce, and operation of machinery. The goal is to ensure that production is carried out efficiently with the appropriate allocation of resources to meet the demands of the finished goods while maintaining quality standards. This process is critical for manufacturers, as it directly impacts the economic actors involved, including product designers, assembly-line workers, floor management, inventory managers, and a firm's sales division.

Answer:

Example of not a natural experiment an economist might use to evaluate a theory is:

C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.

Explanation:

Natural experiment : A natural experiment is referred to an observational and also an empirical study in which we get to study about the experimental and controllable varieties of variables. which can not het manipulated anywhere by the researchers.

Instead these experiments are allowed to affect the environment and the nature or the different factors which are not under control of our researchers. In contrast to the experimental values and all the natural experiments are even not controlled by the researchers but instead they also admire and obseve those experiments for their own studies.

So, the right option is:

C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.

Option c is not an example of a natural experiment an economist might use to evaluate a theory.

The answer is c.

An example of a natural experiment in economics should involve changes in exogenous variables that are not directly manipulated by the researcher. In option c, where students in principles of Microeconomics course are asked to play a game with classmates, the researcher is directly manipulating the circumstances of the experiment. This makes it an example of a controlled experiment rather than a natural experiment.

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Answer:

Gross profit margin = 45%

Net income = $13,500

Net profit margin = 5%

Explanation:

Net sales = $270,000.

Gross profit = $121,500

Operating expenses = $108,000

Gross profit margin = (Gross profit ÷ net sales) × 100

Gross profit margin = $(121,500 ÷ 270,000) × 100

Gross profit margin = 0.45 × 100 = 45%

Net income for March :

Gross profit - Total expenses

$121,500 - $108,000 = $13,500

Net profit margin :

(Net profit ÷ net sales) × 100

(13500 ÷ 270,000) × 100

Net profit margin = 5%

Answer:

$81,750

Explanation:

The computation of the amount of total insurance is shown below:

= (Home mortgage loan + car loans + personal debts + credit card loans) ÷ 2  + estimated funeral cost

= ($120,000 + $10,000 + $14,000 + $7,500) ÷ 2 + $6,000

= $75,750 + $6,000

= $81,750

Under the DINK method, we simply half of the items except funeral cost

Answer:

Introduction

Explanation:

The product life cycle is the process of defining different phases of product going from one phase to another until it perishes from the market over a period of time. It helps companies to implement strategies according to the stage of the product in the market. The four phases of product life cycle are:

Introduction: It is an initial stage of a product, where a new product is released in the market and stakes are very high as it requires more investment and promotion.

In the given case, a company have developed a new product and introduced in the market, therefore the product is in introduction stage of product life cycle.

Answer:

Market development

Explanation:

Aldi has recently started to open its supermarket chains in the US based on its market development. Market development is a technique to identify a new market or a new growth strategy. It is a way to target new market segments and new customers. Many firms and organizations use market development technique to expand their businesses locally and internationally.

Aldi is using a market development strategy to expand its chain of discount supermarkets from Germany into the United States, which involves offering its existing products to a new market.

Aldi, the German chain of discount supermarkets, uses a specific product development strategy when expanding into new markets like the United States. The strategy Aldi is pursuing is known as a market development strategy. This type of strategy involves taking existing products into new markets or geographical areas. As Aldi opens stores across the U.S., it offers similar products that have been successful in its home market of Germany to a new customer base, adapting to local tastes and preferences as necessary.

Franchising is another common strategy used by businesses, particularly in the fast food industry, but it differs from a market development strategy. While franchises can also spread across different countries, the franchisee is usually responsible for managing the individual locations. In the case of Aldi, the brand itself manages the expansion and operations of its new international stores.

Answer:

Here according to the game theory the likely strategy by the prisoner is that:

A. Both will confess

Explanation:

Here, in the given question it is mentioned that Mel and Max are two prisoners both have been given an independent choice of confession whether to confess or not for a crime they have done.

So, there are different cases which will lead to different actions by the court i.e.

So, according to the Game theory, the strategy that is going to be likely followed is that :

A. Both the prisoners will confess.

Uptown Church should report its marketable equity securities on the year-end balance sheet at their fair value, which is the current market price if the securities have appreciated during the year.

At what amount should Uptown report its marketable equity securities in the year-end balance sheet, given that these securities had appreciated during the year? Since marketable equity securities are financial assets with a clear market price and can be easily liquidated, they should be reported at their fair value on the balance sheet. The fair value is essentially the current, observed market price at the end of the reporting period. This method reflects the principle that assets and investments should be reported at the amount for which they could be exchanged in a current transaction between willing parties. Thus, if the securities have appreciated in value, the increase is recognized in the financial statements, enhancing the accuracy of the reported financial position of Uptown Church.

Answer:

The colorado ranching is not expanding

Explanation:

The null hypothesis, H₀ : μ = 2.7 billion

Alternative hypothesis, Ha : μ > 2.7 billion

[tex]\bar{X} = 2.85 billion[/tex]

[tex]\sigma = 0.55 billion[/tex]

n = 30

The observed test statistic,

[tex]t_{o} = \frac{\bar{x}- \mu}{\frac{\sigma}{\sqrt{n} } }[/tex]

[tex]t_{o} = \frac{2.85- 2.7}{\frac{0.55}{\sqrt{30} } }\\t_{o} = 1.494[/tex]

Degree of freedom = n-1 = 30 -1 = 29

Significance level = 0.05

For the critical value, we check the t - table at 0.05 significance level

[tex]t_{crit} = t_{\alpha, df} = t_{0.05, 29} \\t_{crit} = 1.699[/tex]

[tex]t_{0} = 1.494\\t_{crit} = 1.699[/tex]

Since[tex]t_{0} <t_{crit}[/tex], we will accept H₀

That is the mean total cash receipt is 2.7 billion and the colorado ranching is not expanding

Final answer:

The mean total cash receipt of the cattle ranching industry in Colorado has been steady for the past decade. However, a sample of 30 ranches shows a higher mean total cash receipt, indicating that the industry may be expanding.

Explanation:

The mean total cash receipt of the cattle ranching industry in Colorado has been steady at about 2.7 billion dollars annually for the past decade, according to the annual business report from 1993-1994. A sample of 30 ranches shows a mean total cash receipt of 2.85 billion dollars with a standard deviation of 0.55 billion dollars. To determine if Colorado cattle ranching is expanding, we need to compare the sample mean to the population mean. Since the sample mean is higher than the population mean, it suggests that the Colorado cattle ranching industry is expanding.

Answer: a credit to a liability

Explanation:

Credit to liability is recorded when a firm knows that it will loose in its case and it has to pay compensation for the law suit. The payment for the law suit is a liability to the firm.

Titan company's attorney has mentioned that the company would probably lose in the law suit and would have to pay an amount of $200,000. This amount will recorded as the credit to liability in the books of Titan Company.

Answer:

The correct option is C,a sale and leaseback

Explanation:

A sale and leaseback is financing arrangement where the business owning an asset sells the asset for cash and leases back the asset in order to continue to benefit from its usage,a good question to ask would be ,what has happened in actual terms?

In clear terms,The City of Plainview has used its maintenance facility as collateral for a borrowing which is cash received in the sale and leaseback transaction.

In effect, a liability to the extent of the cash received should recorded,as this depicted the substance over form concept in accounting,where the true impact of transactions takes precedence its mere legal form

Answer:

Option A. Declaration date.

Explanation:

The reason is that the liability must be recorded when the obligation becomes probable and this is in-accordance with the International Accounting Standard IAS 37 Provisions, Contingent Liabilities and Contingent Assets, which says that the liability must be recorded when the obligation to pay becomes probable. On the declaration date, the obligation to pay dividend becomes probable, so it must be recorded as liability in the financial statements.

1. What must country commit to in order to become a part of the Organization of Economic Cooperation?

     - The affirmed common commitment of democracy, open markets, and free trade.

2. How does one’s language force a person to think about time?

     - When you use different words in different tenses, it makes you think about the time these events took place, saying “I walked yesterday” is past tense but, “I’m walking” is present tense.

3. How does this difference in language relate to our propensity to save?

     - Speaking futureless language, you will speak about time identically meaning you will feel as they are identical, it increases your propensity to save.

4. What experiments did Chen carry out to come up with these conclusions?

     - Chen came up with knowledge of his own ideas to figure out the conclusion.

5. Did anything surprise you about this video? Why or why not?

     - No. Everything made sense, everything had great conclusions talking about past, present, and future tenses.

Linguistic determinism suggests that structural differences in language, such as those between English and Mandarin in conceptualizing time, influence cognition and behavior, and could impact societal behaviors like saving and safety.

The notion that language shapes thought, known as linguistic determinism or the Sapir-Whorf hypothesis, posits that the structural differences in language influence our cognition and behavior. Research by Boroditsky (2001) and others indicates that the ways in which different languages describe concepts like time can affect how speakers of those languages perceive and react to temporal relationships. For instance, English speakers often conceptualize time on a horizontal plane, while Mandarin speakers may also use a vertical dimension to discuss the past and future. This linguistic difference has potential consequences on behaviors such as intertemporal choices and could even influence societal tendencies like the propensity to save money or the occurrence of workplace accidents.

Answer:

Disintermediation

Explanation:

Disintermediation is the process when an organization or seller reach to its customers directly and surpass and remove the channel members. For example, if you are making furniture, you can place your furniture at the furniture selling retailers to sell your products. You can have another option which is to remove this retailer (intermediary) and start selling to the customers directly, this process is termed as disintermediation. You can do it either by making an online store or you can advertise your products in some newspapers or magazines. You can also get help from digital marketing as well.

Answer:

A.) $848.18

3.69%

Explanation:

Invoice amount = $856.75

Payment term of 1/20, net 30 implies that if payment is made within 20 days then the customer will get a 1% discount, with the maximum payment term being 30 days.

Therefore, True price equals :

Invoice amount × (1 - 1%)

$856.75 × (1 - 0.01)

$856.75 × 0.99

= $848.1825

NOMINAL COST OF TRADE CREDIT:

(discount/(1-discount))×(365)(total payperiod - discount period)

Nominal cost of trade credit extended by the supplier:

(0.01/(0.99)) × (365)/(30-10)

0.010101 × 18.25 = 0.1843

= 18.43%

Nominal cost of trade credit if Tasty Tuna chooses to pay later:

(0.01/(0.99)) × (365)/(35-10)

0.010101 × 18.25 = 0.1474

= 14.74%

(18.43 - 14.74)% = 3.69%

Answer: B. redeploying and recombining existing core competencies to compete in future

Explanation: Motor craft inc core competence is in fuel efficient engine but realizing that there is a new market opportunity to diversify, it then "redeployed and recombined existing core competencies to compete in future". By producing car engines in large scale and selling it to other automobile companies.

Answer:

Growth stocks; Long-term bonds

Explanation:

If you believe the economy is about to go into a recession and your portfolio consists of growth stocks, defensive stocks and long-term bonds, you might change your asset allocation by selling Growth stocks and buying Long term bonds.

As in the given case, the economy seems to be in trouble and chances that it may go into recession, then there is a high-risk float in the money market which may reduce the growth of stocks and long term bonds have fixed income, therefore, while allocating assets during the recession, people should sell growth stocks and buy long term bonds.

Answer: unemployment rate and the inflation rate.

Explanation:

The Phillips curve shows the relationship that exists between inflation and unemployment rates. The short-run Phillips curve looks like an L-shape and it reflects the inverse relationship between the two variables i.e unemployment and inflation.

As unemployment rates rises, inflation reduces and as unemployment rates reduces, inflation increases. A reduction in the aggregate supply will lead to a rightward shift the short run Phillips Curve.

The short-run Phillips curve shows the inverse relationship in economics between the rates of inflation and unemployment. When inflation rises, so does unemployment, and vice versa. This relationship is typically observed in short-term scenarios, as long-term factors can affect this balance.

The short-run Phillips curve in economics demonstrates an inverse relationship between the rate of inflation and the rate of unemployment. To put it simply, as the rate of inflation increases, the rate of unemployment decreases, and vice versa. This relationship is largely observed in short-term scenarios because, in the long run, other economic factors come into play that can tilt this balance.

For example, if a country experiences a higher rate of inflation, businesses are more likely to make profits, which can then be used to hire more employees, leading to a decrease in the unemployment rate. Conversely, when the rate of inflation decreases, businesses may cut jobs resulting in an increased unemployment rate.

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Answer:

a. containerization

Explanation:

The containerization is defined as the system which uses intermodel containers for freight transport. By this methods, each container is considered an unit of product instead of smaller parts. The transport between shipment methods would be facilitated without affecting to commodities inside each containers. In addition, when many products are in the containers, the quantity of parcel can be easily controller. The standardized dimensions of containers used can help the exporter, importer or transporter easily make plan about shipment by different means.

Answer:

When sara receives a confusing error message on the screen which impede her work and not allow her to proceed. At this point, Sara can follow any of the provided options,

a) Complain

b) Read the Error Message

c) Note Actions Taken

d) Search for Solutions

e) Consult Documentation/Support

f) Ask for Help

g) Report the Issue for technical support

When sara receives a confusing error message on the screen which impede her work and not allow her to proceed. At this point, Sara can follow any of the given steps in order to solve the query,

a) Complain to the authorities: complain n report the problem to the       designer who did not provide a more convenient mechanism for completing her task.

b) Read the Error Message: Carefully analyze the error message displayed on the screen. Understanding the error message can provide valuable clues about what might be causing the problem.

c) Note Actions Taken: Sara should make a written note of the actions she performed leading up to the error. This can be useful for troubleshooting later on.

d) Search for Solutions: Sara can search for the exact error message or a brief description of the issue on the internet. Often, others might have encountered the same problem and found solutions or workarounds.

e) Consult Documentation/Support: Many applications have online documentation or support resources. Sara should consult these resources to find potential solutions or contact customer support if available.

f) Ask for Help: If the error persists and Sara cannot resolve it on her own, she should consider seeking help from a colleague or an IT professional. Sometimes, a fresh perspective can be valuable in troubleshooting.

g) Report the Issue:  Sara should report the error to the relevant technical support or IT department. Providing them with the error, steps that lead to the problem, and any other relevant information can help them diagnose and fix the issue.

To know more about technical support :

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Answer:

Executive privilege.

Explanation:

If the Congress is investigating U.S. involvement in the civil war in Argentina and they demand the President turns over to them information given to him or her by the State Department and the CIA. The president refuses, asserting the right of executive privilege.

The executive privilege is the assertion of the right to withhold certain information from the court or congress by the president.

It basically, provides immunity for the president from matters relating to foreign affairs, the military and national security.

Answer:

Executive privilege

Explanation:

Executive privilege is the right of the President and members of the Executive council to withhold certain information because of national security, effectively resisting subpoenas from the legislative and judicial arms of government.

Congress is investigating US involvement in the civil war in Argentina and are demanding the president turn over information he received from the STATE Department and the CIA but the President refuses their demand and invoking the right of executive privilege.

Answer:

Option b.

Explanation:

In standard cycle, competitive actions are designed to serve large market shares, to gain customer loyalty and to control the firm's operations which in turn provide the same positive experience to customers.

Goods or services in standard-cycle markets reflect organizations that serve a mass market.

Standard-cycle markets refer to the markets where the firm's competitive advantages are shielded from imitation such that those advantages can be sustained longer but for a shorter period.

These advantages can be sustained for longer period in a slow-cycle market  than in fast-cycle markets.

Competitive advantages are sustainable in slow-cycle as these are shielded from imitation for longer periods of time such that imitation is costly.

Option b. is correct

Final answer:

Standard-cycle markets challenge firms to maintain competitive advantages due to dynamic market conditions, technological advancements, and intellectual property laws. Barriers such as high startup costs and brand recognition can impede new entry, while economies of scope favor established firms by complicating the replicability of their operations. Option d

Explanation:

In standard-cycle markets, the characteristic trait is that firms face considerable challenge maintaining competitive advantage over extended periods due to the dynamic nature of such markets. These environments are not conducive to sustaining advantages because of factors like technological progression, which can rapidly change the cost and efficiency landscape, and the impact of intellectual property laws which can either protect or hinder competitive movement depending on patent and trademark control.

Product differentiation and economies of scale can provide a temporary edge, but these are often not substantial enough in the face of aggressive market conditions where firms try to create monopolistic competition through positioning. Additionally, high startup costs and brand recognition barriers limit the entry of new firms. Hence, while organizations may serve a mass market, the constant threat from new technology and competitors implies organizations cannot sustain a competitive advantage for long.

Furthermore, economies of scope complicate the ability for new entrants to copy the breadth of successful established operations whose profitability may come from producing multiple products using shared resources. Differentiation and scope create an environment where firms must continually adapt and innovate to survive.

Discretionary spending, which Congress determines annually, includes fiscal policy changes such as stimulus checks or increased government aid. This is different from mandatory spending, which includes entitlement programs and fluctuates based on economic conditions and eligibility.

An example of a discretionary item in the federal budget is fiscal policy changes. Discretionary spending is a portion of the federal budget that the Congress determines on an annual basis. It's the section of the budget that Congress can adjust up or down each year and includes items related to defense, education, and infrastructure. Important examples include the 2020 stimulus checks and increases in state and local government aid, both of which were implemented in response to the economic downturn caused by the COVID-19 pandemic. Similarly, the 2009 stimulus package was a discretionary budget item during the 2008-2009 recession. Discretionary spending stands in contrast to mandatory spending, which includes entitlement programs like Medicare, Medicaid, Social Security, unemployment insurance and SNAP which tend to rise or fall automatically based on economic conditions and eligibility.

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Answer:

B. $8000

Explanation:

Given that

Income = $9000

Beginning book value = 76000

Ending book value = 77000

Dividends = Income + beginning book value of equity - ending book value of equity.

Therefore,

Dividends = 9000 + 76000 - 77000

= 85000 - 77000

= $8000

Thus, dividends for the following year given the following data is = $8000

Answer:

$8,000

Explanation:

From the example given, let us recall the following,

A firm had a comprehensive income of =$9,000

A beginning book value of equity =$76,000

The ending book value of equity = $ 77,000

Then

By using the clean surplus accounting relation, the firm's dividends for that year is:

(Comprehensive income + book value of equity) - Ending book value of equity

The final value becomes

= $9,000 + $76,000 - $77,000 = $8,000