Answer:
C. Consolidation warehousing.
Explanation:
Consolidation warehousing is basically a warehouse that puts together from a number of suppliers into the same geographical area and shipped them out.
An effective way to begin defining the purpose of a marketing plan, is to make a list of all the information needed to prepare the marketing plan
A. True
B. False
Answer:A. True
Explanation:There can't be marketing plan without available information at hand. Marketing plan is essential for new product that needs introduction to existing market.
Information about the market; about the competitors; targeted group of consumers e.t.c. marketing plan will be based on the information acquired on all these and more.
If Maryanne completely smooths consumption over her lifetime, for every $1,000 increase in disposable income, she will use ________ for consumption each year. A) $100
B) $333
C) $667
D) $750
Answer:D $750
Explanation:
This is a way an individual optimise his consumption and his savings habit for their future.
It has to do with the future of any individual and plans are made for the future.
An individual can plan to spend more now and save a little or spend a little now and safe for the future.
In January of 20X1, the Falwell Company began construction of its own manufacturing facility. During 20X1, $6,000,000 in costs were incurred evenly throughout the year. Falwell took out a $2,500,000, 10% construction loan at the beginning of the year. The company had no other interest-bearing debt. What amount of interest should Falwell capitalize in 20X1?
Answer:
$250,000
Explanation:
The computation of the interest capitalized is shown below:
= Amount of construction loan × given percentage
= $2,500,000 × 10%
= $250,000
We simply multiplied the construction loan amount with the given percentage so that the accurate amount can come.
All other information which is given is not relevant. Hence, ignored it
A man earned wages of $53 comma 300, received $1900 in interest from a savings account, and contributed $3200 to a tax-deferred retirement plan. He was entitled to a personal exemption of $2900 and had deductions totaling $5220. Find his gross income, adjusted gross income, and taxable income.
Answer:
Gross income = $55,200
Adjusted gross income = $52,000
Taxable income = $43,880
Explanation:
Given:
Wages earned = $53,300
Interest received = $1,900
Tax-deferred retirement plan = $3,200
Personal exemption = $2,900
Deductions totaling = $5,220
Now,
Gross income = Wages earned + Interest received
= $53,300 + $1,900
= $55,200
Adjusted gross income = Gross income - Adjustments
= $55,200 - $3,200
= $52,000
Taxable income = Adjusted gross income - (Exemption + Deductions )
= $52,000 - ( $2,900 + $5,220 )
= $43,880
________ are a vital part of the public health assessment function and are used to identify special risk groups, to detect new health threats, to plan public health programs and evaluate their successes, and to prepare government budgets.
Answer:Health statistics
Explanation:
''HEALTH STATISTICS are a vital part of the public health assessment function and are used to identify special risk groups, to detect new health threats, to plan public health programs and evaluate their successes, and to prepare government budgets.''
Health statistics are set of numbers concerning areas of health for example, number of mortality(mortality statistics), birth statistics, marriage statistics and so on.
Health statistics are used to predict the pattern of disease in group of people.
Scuz Bootes has been doing custom choppers, piercings, and tattoos for over thirty years. His home and place of business is a garage in the harbor district of Seattle, Washington. He has meticulous records of every job he has ever done. These have been entered into a computerized accounting information system that his accountant refers to as a "data warehouse." Scuz is considering an expansion of his business into scarification, and has asked his accountant to identify past customers who might be likely candidates for this service. Scuz wants his accountant to engage in__________.
a. enterprise resource planning.
b. customer resource management.
c. data mining.
d. customer auditing.
Answer: B
Explanation:
Customer relationship management (CRM) is the combination of practices, strategies and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle, with the goal of improving customer service relationships and assisting in customer retention and driving sales growth. Hence, CRM will help Scuz expansion and makes it successful.
Eatalia is a popular chain of restaurants for authentic Italian food. Recently, a customer found a dead insect in the pasta he was served. The customer's negative review about the restaurant went viral. Eatalia's Chief Executive Officer (CEO) publicly apologized for the mishap and posted pictures of the restaurant's kitchen, after being fumigated, on several social networking websites. In this scenario, which of the following does Eatalia's CEO demonstrate?
a. Brand switching
b. Crisis management
c. Audience selectivity
d. Media scheduling
Answer:
The correct answer is B
Explanation:
Crisis management is the procedure through which the organization or firm faces the unexpected and disruptive event that harm the firm or its stakeholders.
In this scenario, Eatalia, who has a restaurant but a customer found a dead insect in the food due to which the business faces negative reviews, fumigated on the social networking. It illustrates the crisis management.
WeLoseThings, Inc. currently reports $500,000 of inventory on its trial balance. Management just performed an inventory count and found only $485,000 of inventory. What account should be debited to record this shrinkage?
Answer:
Shrinkage expense
Explanation:
The journal entry is shown below:
Shrinkage expense A/c Dr $15,000
To Inventory A/c $15,000
(Being the shrinkage is recorded)
The computation is shown below"
= Current inventory amount - actual inventory amount
= $500,000 - $485,000
= $15,000
Simply we debited the shrinkage expense account and credited the inventory account so that the correct posting can be done
Cole is a minimum wage employee in Santa Fe, NM, where the minimum wage is $10.91 per hour. His employer claims that since the federal minimum wage is $7.25 per hour, Cole should only receive the federal amount. What is the correct answer in this situation?
A) The employer has the discretion to pay either the federal or the state-designated minimum wage.
B) The employer may choose to pay less than the state-designated minimum wage, based on the employee's qualifications and job description.
C) The employer is correct that the federal minimum wage overrules the state wage.
D) The employer must pay the state-designated minimum wage for the area.
Answer:
The answer is letter D.
Explanation:
The employer must pay the state-designated minimum wage for the area.
Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. Net credit sales during the year amounted to $7,200,000. The accounts receivable turnover ratio was
A. 9.2 times.
B. 9.0 times.
C. 8.4 times.
D. 8.8 times.
Answer:
B. 9.0 times.
Explanation:
Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable
Net credit sales = $7,200,000
Average accounts receivable = (beginning AR - ending AR) /2
Average Accounts receivable = ($820,000 + $780,000)/2
Average AR = $800,000
Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times
Final answer:
The accounts receivable turnover ratio for Swiss Clothing Store is calculated by dividing the net credit sales of $7,200,000 by the average accounts receivable of $800,000, resulting in a turnover ratio of 9.0 times.
Explanation:
The accounts receivable turnover ratio is a measure of how effectively a company manages its accounts receivable. To calculate this ratio, you divide the net credit sales by the average accounts receivable. The average accounts receivable is found by adding the beginning balance to the ending balance and dividing by two. So, for the Swiss Clothing Store, the calculation would be as follows:
Net Credit Sales: $7,200,000
Beginning Accounts Receivable: $820,000
Ending Accounts Receivable: $780,000
Average Accounts Receivable: ($820,000 + $780,000) / 2 = $800,000
Now, using this information, you calculate the turnover ratio:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable = $7,200,000 / $800,000 = 9 times,
Therefore, the accounts receivable turnover ratio for Swiss Clothing Store is 9.0 times, which corresponds to option B.
Jamie knows that his spring break travel packages are the best deal on campus. He also knows his competitor is sloppy, often waiting until the last minute to provide the needed tickets and documents to students buying his island packages. Jamie wants to develop an advertising message that emphasizes the key benefits he provides. He will develop a(n) ________ appeal.
a. niche marketingb. emotionalc. institutionald. remindere. Informational
Answer:
The correct answer is (informational)
Explanation:
The most crucial aspect of competing in any market is to let people know why your products are better than your competitors. A competitive advantage is a key to succeed in a monopolistic or perfect market. To contest, firms and organisations use different tactics such as marketing the sole purpose is to give information; an informational appeal will attract more customers and increases market share.
In a one-tailed test, the rejection region is located under one tail (left or right) of the corresponding probability distribution, while in a two-tailed test this region is located under both tails.a.True or False.b.True.c.False.
Answer:
Both parts A and B of the statement are True
Explanation:
In a one-tailed test we are testing a hypothesis that includes a directional relationship, where that relationship is greater than or less than critical value located at the top/bottom 5% of the distribution. If the test statistic falls into this region, we reject the null hypothesis.
When we are doing a two-tailed tests, the hypothesis does not include a directional relationship. We are looking for a mean value that is significantly greater (2.5%) and significantly less (2.5%) than the null hypothesis.
Bates Manufacturing purchased merchandise inventory for $10,000. At the end of the accounting period it has a market value of $8,700. Using the lower-of-cost-or-market rule, what is amount to report on the Balance Sheet as Merchandise Inventory?
Answer:
$8,700
Explanation:
According to the accounting principle, the inventory should be valued at lower of cost or market value and the same is presented on the balance sheet.
The purchase value of inventory is $10,000
And, the market value of inventory is $8,700
So, the lower value would be $8,700 and the same is reported on the balance sheet
Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the ____ of the work package by the percent complete.
Answer: Earned value
Explanation:
The earned value is basically determine by collecting all the data which refers to the value when the actual work are performed.
The earned value is one the key parameter and it is mainly determine throughout the given project.
The earned value are determine by collect the data one the complete percent of each work and the it is converted into the dollar percentage by multiplying with the earned value of the work.
according to Tuckman's five-stage model of group and team development, what is the second stage in the process?
Answer: The second stage is the "Storming Stage"
Explanation:
Bruce Tuckman's five-stage model of group and team development, propounded in 1965, consists of the forming, storming, norming, performing and adjourning stages.
The second stage, storming, is the most difficult and crucial stage in team development process, especially for a team that has never been together. At this stage, there's usually conflict of interests and members of the team may form "cliques" based on common grounds of agreement.
Performance of the team may decrease because members could begin to disagree on team goals and individual personalities emerge.
A solution would be for the team members to accept one another's individuality and focus on the task at hand.
Final answer:
According to Tuckman's five-stage model, the second stage in the group and team development process is the 'storming' stage.
Explanation:
Tuckman's five-stage model of group and team development outlines the stages that groups go through to become effective team. The second stage in this process is called the 'storming' stage. In this stage, team members may experience conflict, tension, and disagreements as they establish their roles and norms within the group.
It can be a challenging stage, but the group must work through these issues to move forward and become more cohesive.
To start his business, Neil borrows money from every source available to him, including all his credit cards and a line of credit at his bank. The business fails, and Neil files a voluntary Chapter 7 petition in good faith to discharge his debts. He returns to work as an attorney, where he makes over twice the median family income in his state. Neil's debts will most likely:_____________.
Answer:
Be paid at least in part, after his case is converted to a Chapter 13 repayment plan.
A Chinese exporter sells $200,000 of toys to a French importer. The Chinese exporter requires the French importer to obtain a letter of credit. When the bank accepts the draft, the exporter discounts the 90-day note at a 4 percent discount. What does the exporter's true effective annual financing cost?
Answer:
0.0416483 or 4.16%
Explanation:
Annual percentage rate, APR = 4%
Value of toys sold = $200,000
Note period = 90 day
N = 365 ÷ 90
= $200,000 × [1 - (0.04 × 90/360)]
= $198,000
Effective annual financing cost:
[tex]=(\frac{Value\ of\ toys\ sold}{Calculated\ value} )^{\frac{365}{90} }-1[/tex]
[tex]=(\frac{200,000}{198,000} )^{\frac{365}{90} }-1[/tex]
= 1.0416483 - 1
= 0.0416483 or 4.16%
Name a category which is not ideal for capital budgeting decisions?
Answer:
Simple profits margin
Explanation:
When you are budgeting the capital is important to keep in mind the whole profits, for example, net, EBIT, EBITDA in order to have a complete and deep analysis of the cost and expenses structure of the company, vital at the moment of making decisions especially in budgeting.
Given below is an excerpt from a management performance report:
Budget Actual Difference
Contribution margin $1,000,000 $1,050,000 $50,000
Controllable fixed costs $ 500,000 $ 450,000 $50,000
The manager's overall performance
a. is 20% below expectations.
b. is 20% above expectations.
c. is equal to expectations.
d. cannot be determined from information given.
Answer:
The answer is b. manager's overall performance is 20% above expectations.
Explanation:
The budget overall performance is: Budgeted Contribution margin - Budgeted Controllable fixed costs = 1,000,000 - 500,000 = $500,000;
The Actual overall performance is: Actual Contribution margin - Actual Controllable fixed costs = 1,050,000 - 450,000 = $600,000;
Variance in dollar term of actual overall performance over budget overall performance = $600,000 - $500,000 = $100,000
% variance of actual overall performance over budget overall performance = 100,000/500,000 = 20%
Thus, actual overall performance is 20% above expectation.
The manager's overall performance is 20% below expectations. Budgets for marketing and labor, for example, are examples of controllable costs that the business has complete control over. The correct option is a.
Given,
Budgeted Contribution Margin: $1,000,000
Actual Contribution Margin: $1,050,000
Difference: $50,000
Budgeted Controllable Fixed Costs: $500,000
Actual Controllable Fixed Costs: $450,000
Difference: $50,000
Required to determine the manager's overall performance =?
The required calculations are shown in the file given attached below.
The actual expenses were less than the anticipated amount, which is a positive result, as indicated by the negative 10% difference in controllable fixed costs.
The actual contribution margin may have been slightly greater than the anticipated amount, but it may not have been sufficient to make up for the reduced controllable fixed expenses, as indicated by the positive 5% difference in contribution margin.
Thus, the ideal selection is option a.
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Nebula Inc. follows an organizational culture in which employees are promoted according to their performance and not seniority. Employees who meet their monthly and annual sales targets in time are handsomely rewarded. Which type of corporate culture pertains to this scenario?
Answer: Market culture
Explanation:
This is a culture where the aim is to make as much profit as possible, this kind of culture is usually known for its competitive environment.
If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual photos of every item for sale to be posted instead of a manufacturer's stock picture of the product, both the demand and supply of products in good condition will shift due to the improved information. If supply shifts by more than demand, quantity will _____________ and price will _____________.A. decrease, be indeterminateB. increase, be indeterminateC. increase, decreaseD. decrease, increase
Answer:
D. decrease, increase
Explanation:
If actual pictures are used ,the demand and supply of products in good condition would increase.
But if the supply increases more than the demand, there would be excess supply.
When there's excess supply, quantity increases and price falls.
I hope my answer helps you.
Final answer:
When both supply and demand increase due to improved information, but supply increases more than demand, the quantity traded will increase while the price will decrease. Therefore, the answer to the student's question is option C: increase, decrease. The correct option is c.
Explanation:
If a website mandates actual photos for every item sold, this could improve information symmetry between buyers and sellers, thus potentially affecting both demand and supply. Specifically, the improved information might increase demand for items in good condition because buyers would have more trust in the quality of the product they are considering purchasing. On the other hand, the supply of products might also increase because sellers are now able to better demonstrate the quality of their products, possibly leading to a larger number of transactions.
According to economic principles, an increase in demand, all else being equal, tends to raise both the price and quantity traded of a product. Conversely, a decrease in demand would likely lower both the price and quantity traded. When we look at supply, an increase in supply, holding all else constant, tends to lead to a fall in price but an increase in the quantity traded. A decrease in supply would raise the price and decrease the quantity traded.
To answer the student's question directly, if supply shifts by more than demand because of improved information from actual photos, the equilibrium quantity will increase due to the greater supply outweighing the change in demand. The price of the products will decrease because the increased supply will put downward pressure on prices. Therefore, the correct answer is C. increase, decrease.
The most successful advertisements directed at business customers tend to focus on (Select one):
a. the physical product
b. product attributes
c. product benefits
d. the price of the advertised product
Answer: (C) Product benefits
Explanation:
The product benefits is one main focus of the advisement in the business that is mainly directed to the customers. The product benefits is basically refers to the value which the customer are get realized from the specific products and the services.
By knowing the actual benefits of the products the customers get attracted towards the products and think of buying the product.
So, it helps in increase the productivity of the specific product in the market.
Therefore, Option (C) is correct.
Producers of a strong brand sometimes sell it to dealers only if the dealers will take some or all of the rest of its line. This is known as full-line forcing. Which of the following statements is true regarding full-line forcing?
A.It is always illegal.
B.It is always legal.
C.It may or may not be legal.
D.It is only legal in New York, California and Texas.
E.It is only illegal in Europe.
Answer:
The correct answer is C
Explanation:
Full line forcing is the term which is described as the supplier or the producer which insistence the dealer that must carry the full range of the products in the line.
The policy may or may not be illegal if it could be established that it could serve the legitimate need of the business.
Final answer:
Full-line forcing may be legal if it encourages competition among dealers, but it can become illegal if it restricts competition, with legality often hinging on the specific circumstances of the agreement.
Explanation:
Regarding full-line forcing, the truth is that it may or may not be legal, depending on various factors. Such practices are assessed on whether they encourage or limit competition. It is legal under circumstances where the purpose is to encourage competition among dealers, such as when the Ford Motor Company sells cars only to Ford dealers, and General Motors only to GM dealers. However, it can become illegal if it restricts competition, such as when a single retailer gains exclusive distribution rights to a wide range of products, negatively affecting other retailers' ability to compete.
Similarly, a product manufacturer's demand for a minimum resale price agreement from dealers can be illegal because it restricts competition. However, a subtle distinction exists where manufacturers can "suggest" minimum prices and choose not to sell to dealers who frequently sell below these suggested prices.
Golda Rush quit her job as a buyer for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $40,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 on equipment and hairdressing material. Based on this information, what is the amount of her implicit costs?
a) $80,000
b) $70,000
c) $42,000
d) $41,500
e) none of the above
Answer:
d) $41,500
Explanation:
Implicit cost is forgiven cost = salary + interest on investment
= $40,000 + $30,000*0.05
= $41,500
Therefore, The amount of her implicit costs is $41,500.
Golda Rush's implicit costs are the total of her forgone salary from her Home Depot job, the foregone interest on her savings, and the interest on the borrowed funds. This totals to $42,000, making the correct answer (c) $42,000.
To calculate Golda Rush's implicit costs for her hairdressing salon, we need to consider the income and benefits she would have earned if she had not left her job and invested her savings elsewhere. The implicit costs are comprised of her forgone salary at Home Depot, the forgone interest on her savings, and the interest on the borrowed money that could have been earned if it were invested.
Forgone Salary: $40,000 (the salary she would have earned at Home Depot)
Forgone interest on savings: 5% of $30,000 = $1,500
Interest on borrowed funds: 5% of $10,000 = $500
The total implicit cost is the sum of these figures: $40,000 (forgone salary) + $1,500 (interest on savings) + $500 (interest on borrowed funds) = $42,000.
Thereby, the correct answer for the amount of her implicit costs is:
c) $42,000
Bobcat Industrial Supply is considering a new project with estimated depreciation of $46,000, fixed costs of $39,000, and total sales of $487,000. The variable costs per unit are estimated at $21.00. What is the accounting break-even level of production?
Answer:
19,142.86 unit
Explanation:
Let the number of units be X
We know that,
Profit = Total Sales - Variable cost per unit × number of units - fixed cost - estimated depreciation
$0 = $487,000 - $21X - $39,000 - $46,000
$0 = $402,000 - $21 X
So, the X would be
= $402,000 ÷ $21 per unit÷
= 19,142.86 units
In a break even point, the firm has no profit or no loss so we assume the profit is $0
The accounting break-even point for Bobcat Industrial Supply is approximately 2,040 units. This is calculated by taking the total fixed costs (including depreciation) and dividing by the difference between the selling price per unit and the variable cost per unit.
Explanation:The accounting break-even level of production is simply the quantity of units a business must produce and sell in order to cover its costs. These fixed costs include things like rent, salaries, and utilities, which do not change regardless of how many units you produce. Variable costs, on the other hand, increase incrementally with each unit produced.
For Bobcat Industrial Supply, the accounting break-even point computed by setting total revenue equal to total costs, and solving for the quantity produced. First, we combine the fixed costs and the depreciation to get the total fixed costs of $85,000 ($39,000 + $46,000). We then divide this total fixed cost by the selling price per unit minus the variable cost per unit. Assuming a selling price of $62 per unit (considering $487,000 total sales and $21 variable cost as mentioned before), the break-even quantity will be $85,000 divided by ($62-$21).
The calculation is thus as follows:
Break-even quantity = Total Fixed Cost / (Selling price - Variable cost)
Break-even quantity = $85,000 / ($62 - $21)
Break-even quantity = approximately 2,040 units.
So, Bobcat Industrial Supply would need to produce and sell approximately 2,040 units to break even on their accounting costs.
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The price of sooer balls in the United Statos is $30 and the price of soccer bails in Mexico is $450 pesos. If the theory of purchasing power parity is correct, the exchange rate should be:
a. $1 = 15 pesos
b. $1 = 10 pesos
c. $10=1 peso
d. $15=1 peso
e. None of the above exchange rates is correct
Answer:
The correct answer is option a.
Explanation:
The purchasing power parity theory states that the exchange rate between the currency of the two countries is determined through the relative value of a basket of goods.
The exchange rate will be in equilibrium when the purchasing power in both the countries will be the same, or the price of the basket of goods is the same in both the countries.
The price of soccer balls in the US is $30.
The price of soccer balls in Mexico is $450 pesos.
The exchange rate should be
= [tex]\frac{450}{30}[/tex]
= 15
This means that each dollar is equal to 15 pesos.
When the Federal Reserve lowers interest rates, hoping to jump-start the employment market, what does it hope it will accomplish with that monetary policy action?
A) That the lower interest rates will reduce the money supply to lower inflation.
B) That people will begin borrowing enough money so that they do not have to work.
C) That enough people will stop borrowing money and increase spending to raise the GDP.
D) That businesses will begin increasing investments, which in turn, will cause a need for more employees.
Answer:
D) That businesses will begin increasing investments, which in turn, will cause a need for more employees.
Explanation:
When the Federal reserves lower interest rates, it makes the cost of borrowing affordable. Banks and other lenders can advance credit to households and businesses at attractive rates. Low-interest rate encourages banks to loan out rather than hold excess reverses.
Affordable credit is good news to investors as they can manage to borrow capital to expand their business. As businesses expand, they will require more employees to work in the expanded production. The low-interest-rate also encourages start-up business. The expansion of old enterprises and the formation of new ones create job opportunities in the economy.
Certain brand names, such as Kleenex and Rollerblade, fear they could become _________, because they are so commonly identified with a specific product category that consumers use these names to refer to any product in that category regardless of the manufacturer.
Answer: The correct answer is "generic names"
Explanation: Certain brand names, such as Kleenex and Rollerblade, fear they could become generic names, because they are so commonly identified with a specific product category that consumers use these names to refer to any product in that category regardless of the manufacturer.
This happens because the products are so identified with the name or logo of the brand that consumers wanting to refer to a certain product call it by the name of the brand.
Jess buys a microwave oven with a manufacturer's full one-year warranty. If Jess discovers that the microwave oven does not work properly during this time, the manufacturer is obligated to:
Answer: Collect the product and replace it with a new one
Explanation: Full warranty on any manufactured product means that for the next one year after the purchase of such item, the buyer is entitled to return it for a replacement, once the item has a fault.
A full one year warranty on any product includes any manufacturers defect on products. Defects detected during the cause of the product usage within the stipulated period.
There are two producers of wagon wheels that together are the exclusive providers to a large community. the executives of these companies meet to set minimum prices and production levels, thereby ensuring that they each will make a higher profit than they would in a free market. this is an example of a(n)__________.a. dictatorship.b. autocracy.c. monopoly.d. oligopoly.
Answer:
Letter d is correct. Oligopoly
Explanation:
Oligopoly is an economic structure where companies come together to price products and services.
An oligopoly is characterized by a situation of imperfect competition, where few companies are responsible for controlling price supply, so competition does not occur for price variables, but for other product differentiation characteristics such as quality, value, customer loyalty and after sales service.