Answer:
$9,000
Explanation:
Profit = Total revenue - Total cost
Total cost = Total fixed cost + Total variable cost
Fixed cost = $40,000
Variable costs = variable cost per unit × total output = $4 × 10,000 = $40,000
Total cost = $40,000 + $40,000 = $80,000
Total revenue = price × output = $10 × 10,000 = $100,000
Profit = $100,000 - $80,000 = $20,000
If sales increases by 1500, output would be 11,500
Total variable cost = 11500 × $4 = $46,000
Total cost = $40,000 + $46,000 = $86,000
Revenue = $10 x 11500 = $115,000
Profit = $115,000 - $86,000 = $29,000
Increase in profit = $29,000 - $20,000 = $9,000
I hope my answer helps you
Answer:
$9,000
Explanation:
Current income statement:
total revenue = $10 per unit x 10,000 units = $100,000
total variable costs = $4 per unit x 10,000 units = (40,000)
total fixed costs = ($40,000)
net profits = $20,000
If sales increase by 1,500 units:
total revenue = $10 per unit x 11,500 units = $115,000
total variable costs = $4 per unit x 11,500 units = (46,000)
total fixed costs = ($40,000)
net profits = $29,000
net income increased by $29,000 - $20,000 = $9,000
you can also calculate this using the contribution margin per unit = selling price - variable cost per unit = $10 - $4 = $6 per unit
Since the company has already passed its break even point and was making a profit, every additional unit sold increases net profits = 1,500 units x $6 per unit = $9,000
6. You own a company. You have identified a safety issue with one of your products. The company could
lose a large amount of money if customers find out about the problem. What should you do?
A. Ignore the problem until someone reports it.
B. immediately recall the product.
C. Try and find out who caused the problem.
Do a financial impact study before taking action
D. Do a financial impact study before taking action
Answer:
immediately recall the product ( B )
Explanation:
when a product has been identified to have a safety issue after been sold out to consumers the best next line of action to be taken by the company is to make a product recall ( this is a request from a manufacturer to consumers to return products on the discovery of a safety issue that might put the seller or the end user in danger )
and although this comes with a cost for the Manufacturer t is the best thing to do in order to maintain business reputation and also to avoid facing legal actions
When faced with a safety issue related to a product, businesses should act responsibly and immediately recall the product, putting public safety before profit (option b).
Explanation:In the realm of business practice and law, when a safety issue has been identified with a product, the most ethical and responsible action is to immediately recall the product. Ignoring the problem may lead to severe legal and reputational consequences, and trying to find out who caused the problem can be a later step when mitigating the issue internally.
Doing a financial impact study before taking any action may delay the process and can potentially cause harm to the customers using the product if the safety issue is severe. Therefore, a company has the responsibility to value public safety over profits.
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Riverside Fertilizer Co. owns the following assets at the balance sheet date: Cash in the bank—savings account $ 8,000 Cash on hand 1,100 Cash refund due from the IRS 1,000 Checking account balance 12,000 Postdated checks 500
What amount should be reported as Cash in the balance sheet?
Answer:
The correct answer is $21,100.
Explanation:
According to the scenario, computation of the given data are as follows:
We can calculate the reported cash amount by using following formula:
Reported cash amount = Cash in bank + Cash on hand + Checking Account balance
Where,Cash in bank - savings account = $8,000
Cash on hand = $1,100
Checking Account balance = $12,000
So, Reported cash amount = $8,000 + $1,100 + $12,000
Reported cash amount = $21,100
Epic Inc., a firm that produces chairs for offices, uses comparative advertising to inform the consumers that its products offer the same features and quality as the competitor's. This is an example of a(n) ________ attack.
A) guerilla
B) frontal
C) encirclement
D) bypass
E) flank
Answer:
This is an example of a(n) frontal attack.
B) frontal
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to ___________.
A: allow the minor to cancel the contract.B: disregard the Benny case.C: order the minor to cancel the contract.D: require the minor to fulfill the contract.
Answer:
A
Explanation:
Allow the minor to cancel the contract
CORRECT ANSWER:
A-allow the minor to cancel the contract
STEP-BY-STEP EXPLANATION:
THE AMERICAN LAW REGISTER.
DECEMBER 1886.
THE PRINCIPLE OF STARE DECISIS
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a contract for the sale of a car. Now a trial court in the same state is deciding Dora v. Even Steven Auto Deals, Inc., a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to allow the minor to cancel the contract
Pay for knowledge programs:
A. give employees real and psychological ownership in the organization.
B. incorporate high-level motivators into the work, including job responsibility.
C. link at least a portion of employees’ monetary rewards to results or accomplishments.
D. base an employee’s salary on the number of task skills he or she possesses.
Answer:
D. base an employee's salary on the number of task skills he or she possesses.
Explanation:
Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.
If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.
In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.
Suppose Max values a concert ticket at $45. Charles values the same concert ticket at $40. The pre-tax price of a concert ticket is $30. The government imposes a tax of $5 on each concert ticket, and the price rises to $35. The deadweight loss from the tax is _________.
a. $15.b. $10.c. $5.d. $0.
Answer:
$10
Explanation:
Deadweight loss of tax is the loss in economic efficiency as a result of tax. It is the reduction in consumer and producer surplus as a result of tax.
Before the tax, consumer surplus :
For max = $45 - $30 = $15
For Charles = $40 - $30 = $10
Total consumer surplus = $25
After the tax, consumer surplus -
For Max = $45 - $35 = $10
For Charles = $40 - $35 = $5
Total consumer surplus = $15
Loss in consumer surplus = $25 - $15 = $10
I hope my answer helps you
Answer:
D) $0.
Explanation:
A deadweight loss refers to the loss of total economic efficiency due to a tax or a binding price ceiling or price floor. It is represented by the loss of economic surplus (both supplier and consumer surplus) due to a lower quantity sold.
In this case, the tax raised the price of the concert tickets to $35, from $30 which was the previous price. But that $35 is still lower than what max and Charles were willing to pay for the tickets, so they will still go to the concert. So the quantity sold (2) wasn't affected by the tax, so there is no deadweight loss.
Marcus was asked to represent the cardiac unit as part of a Total Quality Management (TQM) initiative that is aimed at improving the overall quality of care at his hospital. Other departments, such as orthopedics, neurology, oncology, and pediatrics also have representatives on this team. This TQM team is an example of ________.
Answer:
a cross-functional team
Explanation:
A cross-functional team is an example of cross-department or a cross-cultural team. In the above example, the hospital has managed to design a team for the betterment of the hospital by gathering doctors from all the departments. It a cross-functional team because this team consists of the various department such as orthopaedics, neurology, oncology, and paediatrics.
After AT&T was split up by government litigation into a number of different entities (i.e., local phone companies, a long-distance phone company, and a phone equipment manufacturer), what was the impact on competition in the phone market?
Answer:
increase in competition leading to greater innovation, more services, and lower prices
Explanation:
Based on the scenario being described within the question it can be said that the impact was an increase in competition leading to greater innovation, more services, and lower prices. This most likely happened because by not controlling all aspects of a market it gave room for other company's to compete in individual sectors of that market.
Answer: See explanation below for answer.
Explanation: AT&T Inc. is an American multinational conglomerate holding company, with its headquarters at Whitacre Tower in Downtown Dallas, Texas.
The acronym AT&T stands for American Telephone and Telegragh. The company is known as the largest telecommunications company in the world, the largest provider of mobile telephone services in the United States, and it also provides the largest fixed telephone services in the United States through its subsidiary AT&T Communications.
A split up of such a company as large as this will result in an increase in competition which will lead to greater innovation by competitors, it will lead to more services, and it will further lower prices of products and services.
Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year? (Round your final answer to nearest whole dollar.) $5 $6 $7 $4
Answer:$5
Explanation:
The original stock price is $27 while the current worth of the stock is $32.
The profit earned is 37% altogether
Calculation of total profit earned
=27*37%
=$9.99 or rounded of to $10
Value of stock with profits earned = 27+10
=37
Calculation of amount of dividend
=37-32
=5
Therefore $5 is earned as dividend by Julio. And the capital gain is $5. So the total gain from holding the stock is $10.
Final answer:
To calculate the dividends received, subtract the capital gain ($5) from the total return ($10) to find that Julio received $5 in dividends for owning the stock during the year.
Explanation:
The student is asking about calculating dividends received from owning stock, given the initial purchase price, the selling price after one year, and the total return achieved.
To find the dollar amount of dividends received by Julio, we must first determine his total return in dollars and then subtract the capital gain, which is the increase in stock value. We calculate the total return in dollars by taking 37% of the initial purchase price of $27. So, the total return is $27 × 0.37 = $9.99, which we round to the nearest whole dollar, giving us $10. The capital gain is the increase in the stock value from $27 to $32, which is $5. To find the dividends, we subtract the capital gain from the total return: $10 - $5 = $5. Julio received $5 in dividends during the year.
An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of asking all of the advertising agencies in the city where this organization's headquarters is located to pitch the account. What type of decision does this represent?
Answer: Satisficing
Explanation:
The satisficing is one of the type of decision making process in which the it helps in making various types of effective decisions in an organization for the purpose of increase the profit and productivity of the company.
The main objective of satisficing approach is to form of the satisfactory or the ideal results as it helps in maintaining the growth of an organization.
According to the given question, the sacrificing is one of the type of decision that basically representing the given scenario an organization. Therefore, Satisficing is the correct answer.
The organization's choice to invite only three advertising agencies for a proposal reflects a tactical decision focused on how to implement the strategic goals of the organization and efficient resource management. It shows a balance between decision management and control, reflective of good governance. This also represents a nonprogrammed decision involving careful consideration of new information and alternatives.
The decision made by the organization to ask only three advertising agencies for proposals instead of all the agencies in the city is an example of a tactical decision. This kind of decision is about how things will get done and is focused on the implementation of broader strategic goals of the organization. By selectively approaching agencies, the organization is managing resources efficiently and making a concerted effort to choose a partner that aligns closely with its strategic ambitions. This kind of decision management helps in effectively allocating capital, labor, and ensures that the resources are directed towards appropriate users.
It is indicative of the organization's governance structure and demonstrates an approach similar to decision management and decision control where the latter involves monitoring and rewarding the performance of the decision made. This balance ensures that the organization chooses what is best for itself rather than what may be best for individual members or departments. In the context of centralized or decentralized decision-making, this approach seems to be a middle ground, avoiding the inefficiencies of extreme centralization and the lack of unified strategy that can come with extreme decentralization.
The goal of logistics is to provide a targeted level of service at the least or lowest possible cost. To achieve this​ goal
Answer:
Warehousing, inventory management, transportation, and logistics information management
Explanation:
Logistics is the process of acquiring resources, planning, executing the cost effective transportation and storage of goods from the point of origin to the point of consumption in a timely and efficient manner.
The goal of logistics is to provide a targeted level of service at the least or lowest possible cost and to achieve this you consider the following;
- Warehousing.
- Inventory management.
- Transportation.
- Logistics information management.
Molly wants to clear her remaining stock in preparation for ordering a new line of products to sell. As a result, she's willing to increase her CPA (cost-per-acquisition) and investment, as long as it means generating more sales. Her current campaign has a total investment of $25,500, generates 1,500 conversions, and has a CPA of $17. Which plan, built in the Performance Planner, will help Molly with her marketing goal to generate more sales?
Answer:
An investment of $40,000 to generate 2,000 conversions and a CPA of $20
Explanation:
The plan built in the Performance Planner that will help Molly with her marketing goal to generate more sales is AN INVESTMENT OF $40,000 TO GENERATE 2,000 CONVERSIONS AND A CPA OF $20
10. Which of the following statements is TRUE? a. Assume that Josie has had this credit card for a year. The A.P.R. on her card will remain the same as long as she has the card. b. If Josie misses a payment during the Introductory Period, her late payment fee will be waived for this period since she is a new customer. c. Assume that Josie only uses her credit card to make purchases. She pays the balance on her credit card in full and on time every month. As a result, she pays no interest to the credit card company. d. Josie pays an annual fee to use this credit card.
A credit card is a credit facility provided to the customers by a bank to make payments. Josie is required to pay an annual fee for its usage.
What is a Credit Card?It is a plastic card issued usually by a bank, which facilitates its customers in making payments without having the actual money in the bank account, but the amount needs to be paid back to the bank on the due date.
The credit card companies charge a nominal annual fee for their maintenance. so option (d) an annual fee payment done by Josie for using the credit card is True.
Therefore, option d is true in regard to Credit Card.
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Only statement c is true, as credit card companies do not usually charge interest fees if the user pays their balance in full every month. APR can change and late fees are typically not waived, while yearly fees depend on the specific card's policies.
Explanation:The TRUE statement here is letter c: Assume that Josie only uses her credit card to make purchases. She pays the balance on her credit card in full and on time every month. As a result, she pays no interest to the credit card company. This is because credit card companies do not usually charge interest fees if the user pays their balance in full and on time each month. However, the other statements can be false because credit card companies generally reserve the right to raise the APR on a card if it is not locked at a specific rate. Also, late fees are typically not waived, and whether or not a yearly fee is charged depends on the card company's policies.
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A perpetual inventory system: a) Requires a computer system to handle all of the transactions. b) Updates the inventory balances every period (say every week). c) Tracks inventory balances with every receipt and every withdrawal of inventory. d) Updates inventory balances almost every second of every day.
Answer:
In this case, the correct answer would be option c) given in the answer options or Tracks inventory balances with every receipt and every withdrawal of inventory.Explanation:
In Accounting and Economics, perpetual inventory system involves the calculation or updation of the inventory count or record for every individual individual inventory transaction.Whenever a good is withdrawn or purchased from the inventory or dded to the inventory for later purchase or consumption, it is immediately recorded or updated under a perpetual inventory system.Hence, perpetual inventory system requires the updates of the inventory record or count immediately after any good is purchased, sold or added into the inventory.The final sale of any good from the inventory is recorded as a sales revenue for the concerned firm or company and any purchase of any good by the company for future sale which is added into the inventory is generally recorded as the cost of goods sold account.Given your understanding of the marketing discipline (analyzing the situation through the 3cs, developing marketing strategy through stp, and executing a marketing program through the 4ps), she has asked you to identify at least five potential areas to conduct marketing research.
Answer:
Explanation:
1.Price: check if our price is still within the range of what our customers can afford or budget for.
2.Promotion: Does our customers or potential customers still view our advertisements.
3.Product: is our product still relevant and up to date when it comes to services and software.
4.Customers: Talk about our target audience, is there any change?
5.Competition: what are our competitors doing, why do customers prefer them to us
The​ ________ approach recognizes that both financial and operational performance measures should be considered when evaluating company performance.
Answer:
The correct answer is balanced scorecard.
Explanation:
The concept of balanced scorecard came from the idea of looking at the strategic measures in addition to financial performance of an organization in order to have an holistic view of the organization's performance. It is also a strategic tool used in setting key performance indicators (KPIs) for organizations.
The balanced scorecard is used to:
set an organization goals, strategic intent and objectivestailor the daily work performance towards strategic targets of the organizationdesign and delivery of projects, goods and services then, set performance measurementf an agent indulges in commingling, she _____. Select one: a. most likely will not be liable for loss to the principal b. violates the prohibition against dual agency c. will not be liable for any loss to the principal if the property is not wrongfully used d. bears the risk of any loss to the principal
Answer:Option D
Explanation:
Commingling means the money of various investors are pooled together to trade with securities. This is usually done by the agents who acts as the investment managers they collect money from various investors and put it together as single fund. The advantages of this method are the fees is lower.
Some people indulge in illegal activities of combining investors money with their personal money. This helps the agents to invest large funds by pooling in funds. Any risk on the principal amount has to be borne by the agent.
Suppose you purchase shares in acme gadget company for $10 per share. the company believes there is a 20 percent chance it will fail to earn a discounted future profit of $1.85. what is the expected rate of return on your investment?suppose you purchase shares in acme gadget company for $10 per share. the company believes there is a 20 percent chance it will fail to earn a discounted future profit of $1.85. what is the expected rate of return on your investment?
Answer:
B
Explanation:
Select the correct answer.
What is Jill actually doing when she makes a note of trade ideas that strike her every now and then?
Answer:
A
Explanation:
trust me it is
Answer:
:A
Explanation:
it is what it is
You are a senior analyst in the marketing research department of a major steel producer. You have been requested to make a forecast of domestic automobile production for the forthcoming calendar year in order to predict the total tonnage of steel that will be used by the automobile manufacturers. This is PRIMARILY a(n):____________
Answer:
descriptive study.
Explanation:
Descriptive study is designed to explain the distribution of one or more variables in relation to any cause or other hypothesis. Descriptive studies can be of many types, such as case reports, case series, cross-sectional studies and ecological studies. In the first three of these, data is collected on individuals, the last using data collected for the group. Descriptive research is used to describe the characteristics of the study of a population or event.Lee operates injection molding machines on a regular basis. He is responsible for observing meters to verify press-cycle times, pressures, and specified temperatures and getting the final product ready. In the context of organizational authority, which of the following functions does Lee most likely perform?
A) Line functionB) Staff functionC) Support functionD) Advisory function
Answer:
A
Explanation:
Line Function
Last year, Sefton purchased 60 pounds of potatoes to feed his family of five when his household income was $30,000. This year, his household income fell to $20,000 and Sefton purchased 80 pounds of potatoes. All else constant, Sefton's income elasticity of demand for potatoes is A) positive, so Sefton considers potatoes to be a normal good and a necessity. B) positive, so Sefton considers potatoes to be an inferior good. C) negative, so Sefton considers potatoes to be a normal good. D) negative, so Sefton considers potatoes to be an inferior good.
Answer:
The answer is D.
Explanation:
Income elasticity of demand potatoes is negative. Potato is considered an inferior goods because demand for an inferior good decreases with an increase in income and increases with a decrease in income.
Last year when the income was $30,000, 60 pounds was consumed. It increased to 80 pounds when the income fell to $20,000.
A normal good will increase with an increase in income and decrease with a decrease in income.
Answer:
D) negative, so Sefton considers potatoes to be an inferior good.
Explanation:
the formula to calculate income elasticity of demand is:
income elasticity = % change in quantity demanded / % change in income
income elasticity = [(80 - 60) / 60] / [(20,000 - 30,000) / 30,000] = (20 / 60) / (-10,000 / 30,000) = 0.333 / -0.333 = -1
Since the income elasticity is negative, potatoes are an inferior good for Sefton. The quantity purchased of inferior goods increases as income decreases. On the other hand, normal goods have a positive income elasticity, since the quantity purchased increases as income increases.
is the percent change in quantity demanded divided by the percent change in income.
Foreign-trade zones are: a. Bodies of water where cargo ships are allowed to dock to deliver imported goods b. Secure sites within the U.S. where goods and materials can be assembled and exported without being levied domestic duties or excise taxes c. Markets in the U.S. where foreign countries set up and sell products d. Secure sites in foreign countries where goods wait for clearance by importing country
Answer:
b
Explanation:
A Foreign-Trade Zone is a secure site within the United States where commercial goods both domestic and foreign, receives the same treatment by US Customs as though it was not within the commerce of the United States.
Foreign Trade Zones is used by some firms to put off the payment of duties and taxes.
Foreign and domestic goods are said to be in international commerce and not within the US Customs territory.
Answer:
b. Secure sites within the U.S. where goods and materials can be assembled and exported without being levied domestic duties or excise taxes.
Explanation:
Foreign trade zone is a geographical area within the U.S where goods and materials can be assembled and exported without being levied domestic duties or excise taxes.
Foreign trade zone enables American businesses to be competitive against other economy. The burden of tariff has been lifted which reduces the price of the product. With their lower prices, they can compete more in the global economy.
Foreign trade zone is a zone free from tariffs and taxes. The zone is established in order to lower the costs of U.S. based products in international trade.
It helps relieve tariff burden of foreign inputs imported and the finished product exported.
When import tariff are lifted off imported inputs, finished goods have lower cost of production. Producers can also lower prices as a result of this.
Foreign trade zone is used to encourage trade in the international market.
When analyzing the pay scale of her staff, Nanci saw that several equivalent positions in the department were paid at various rates. She felt that they needed to be balanced. Which aspect of equity theory is Nanci taking into consideration?
Answer:outputs
Explanation:
Final answer:
Nanci is taking into consideration the aspect of equity theory that focuses on balancing pay rates for equivalent positions in the department.
Explanation:
When analyzing the pay scale of her staff, Nanci is taking into consideration the aspect of equity theory that focuses on balancing pay rates for equivalent positions in the department. This aspect of equity theory emphasizes the importance of fairness and equal treatment in terms of pay. Nanci wants to ensure that employees in equivalent positions are paid at similar rates to promote a sense of fairness and equity within the organization.
The residents of Enumclaw, Washington, live in the shadow of majestic Mount Rainier and its 26 glaciers. The Cascades form a ring of fire around the Pacific Northwest and erupt with surprising regularity, although Mount Rainier hasn't erupted on a major scale since about a thousand years ago. When it does erupt, the pyroclastic flow (a massive cloud of superheated ash and rock up to 1500 degrees Fahrenheit that can travel at speeds up to 300 miles per hour) will make Enumclaw a less pleasant place to live. City leaders have completed the:________.
A) Control and documentation phase of risk management.
B) Risk identification phase of risk management.
C) Analysis of probability and consequences phase of risk management.
D) Risk mitigation strategies phase of risk management.
Answer:
C). Analysis of probability and consequences phase of risk management.
Explanation:
Risk management is one of the crucial process for an organization as it involves the identification, evaluation, and management of the risks or threats that may affect the profitability or the capital.
The given details display that the city leaders have accomplished the 'analysis of the likelihood and the repercussions stage of risk management' as it assesses the potential threat of 'eruption of Mount Rainier which hasn't erupted...since about a thousand years ago' and consequences associated with it('a massive cloud of super-heated ash and rock...live'). Therefore, option C is the correct answer.
Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to uncertain economic conditions. Specifically, banks increase the percentage of deposits held as reserves from 10% to 25%. This increase in the reserve ratio causes the money multiplier to to . Under these conditions, the Fed would need to $ worth of U.S. government bonds in order to increase the money supply by $200.
Answer:
In order to increase money supply by $200 ,Fed would have to buy U.S government bonds worth of $50
Explanation:
Initially:
Reserve requirement = 10% or 0.10
Simple money multiplier = 1/RR = 1/0.10 = 10
Increase in money supply = Increase in total reserves* Simple money multiplier
Increase in money supply is $200
$200=increase in total reserves *10
increase in total reserves=$200/10
=$20
However, since the the the percentage of deposits held as reserves has increased to 25%,the amount Fed would need to invest in U.S government bonds would increase accordingly:
reserve requirement=25% or 0.25
Simple money multiplier =1/IRR=1/0.25=4
crease in money supply = Increase in total reserves* Simple money multiplier
Increase in money supply is $200
$200=increase in total reserves *4
increase in total reserves=$200/4
=$50
Increase in total reserves of $50 implies that Fed has to make $50 to the banks under it by buying U.S government of $50
The General Fund reported a beginning balance of inventory of materials and supplies of $122,000. The ending balance was $150,000. Supplies purchased during the year totaled $600,000. The county uses the consumption method. The General Fund should report expenditures for materials and supplies for the year of:_________.A. $ 450,000 B. $ 572,000 C. $ 600,000 D. $ 628,000
Answer:
$572,000
Explanation:
Consumption refers to the utilization of goods and services. Consumption results in customer satisfaction. In accounting for inventory, the consumption approach considers only the products that have been consumed in a particular period.
The applicable formula is
consumption = beginning inventory + purchases - ending inventory
For general fund
Beginning inventory = $122,000
Purchases=$600,000
Ending balance = $150,000
Consumption = $122,000 + $600,000 - $150,000
consumption = $722,000-$150,000
=$572,000
A well-known Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks. The total value of the different things she owns, minus her debts, is considered her
Answer:
Wealth
Explanation:
Wealth is defined as what one owns. This can include physical items like houses, cars, jewellery, and other personal property. It also includes assets in the financial sector such as stocks and bonds.
Wealth are.its that can be sold to gain cash. It is calculated as net assets less the amount that an individual owns.
By implication if a person owns large assets and owes a lot too, the amount of wealth he has will be small.
However if the debt he owes is small his wealth will be greater.
Answer:
Wealth
Explanation:
Wealth in economics can be defined as the total value of the different things an individual owns, such as land, assets, savings, stocks etc. minus her debts.
In this scenario, the Hollywood actress owns a home in Beverly Hills and another one on the French Riviera. She owns her own movie production company along with a large portfolio of stocks.
Marvin and Pamela are married, file a joint return, and have two children, ages 9 and 11. Their combined AGI is $65,000. Marvin's earned income is $40,000; Pamela's is $25,000. They incur $6,500 of child care expenses to enable them to be employed during the current year. Their child and dependent care credit is _________.
A) $1,200.B) $1,300.C) $1,800.D) $6,000.
Answer:
The answer is B.
Explanation:
Toronto-based Mercedes-Benz Canada, with a network of 55 dealers, did not know enough about its customers. Dealers provided customer data to the company on an ad hoc basis. Mercedes did not force dealers to report this information. There was no real incentive for dealers to share information with the company. How could CRM and PRM systems help solve this problem?
Explanation:
Mercedes-Benz adopts a method where the dealers are the only contact with the customers and company has failed to communicate with the customers directly.
Customer Relationship Management (CRM) is a tool that can be utilized by the company for easier day to day work. The information can be kept up to date which is easy to import, export and apply statistics to find information. The information can be accessed by Mercedes from anywhere. It helps to connect with the customers.
Another tool Partner Relationship Management (PRM) is used to connect with partners. The tasks can be scheduled and performance can be managed. Information and report details can be shared with the help of CRM and PRM from dealers and partners with Mercedes.
Final answer:
CRM and PRM systems can assist by managing customer interactions effectively and facilitating communication between the company and its dealers.
Explanation:
CRM (Customer Relationship Management) and PRM (Partner Relationship Management) systems can help solve the problem faced by Mercedes-Benz Canada by providing a structured platform for collecting, analyzing, and utilizing customer data effectively. CRM systems focus on managing customer interactions and data, helping the company understand its customers better. On the other hand, PRM systems can facilitate communication and data sharing between the company and its network of dealers, creating incentives for dealers to report information.