Answer:
Her kitchen Staff can spend up to $3.00 on product cost.
Explanation:
Selling price= $10.00
Margin= $4.00
Labor costs = $10.00*30% = $3.00
Selling Price = Contribition margin + Labor costs + Product Cost.
Isolating Product cost from the equation:
Product cost = Selling price - (Contribution margin + Labor costs)
Product cost = $ 10.00 - ($4.00 + $3.00)
Product cost = $ 10.00 - $7.00
Product cost = $ 3.00
The max. amount that kitchen staff can spend on product cost is: $ 3.00
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the ________ role.
Answer:
The correct answer would be, Monitor.
Explanation:
Emma, the marketing manager, is constantly seeking information about her competition while looking online or speaking to people. Emma is playing the role of a Monitor.
Monitor's role is to reassure the professionals or institutions about the stability of the company. Monitor sets a close look at the competitors and the possible competition he can encounter, while working on making networks. Monitors make networks by talking to people and have a look at every possible beneficial detail. So the Marketing managers usually act as the monitors. This is because they can have all the information which is required to formulate the powerful marketing strategy for the company.
Sun Yip, the marketing manager at Bryte Systems Inc., decides to enter into foreign markets as his company has surplus amounts of fluorescent light bulbs because of an accidental overrun in manufacturing. He has little or no intention of maintaining continuous market representation. Sun Yip’s firm is at which stage of international marketing involvement?
a. aggressive foreign marketing
b. infrequent global marketing
c. global marketing
d. regular foreign marketing
e. international marketing
Answer:
b. infrequent global marketing
Explanation:
According to my research on different marketing strategies, I can say that based on the information provided within the question Sun Yip's firm is in the infrequent global marketing stage. This stage is characterized by a surplus in a product caused by variations in production levels or demand which may result in infrequent marketing overseas. Which is what is going on in this situation with the fluorescent light bulbs.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Kraft's ________ gathers daily sales data and sorts it by product line and by region. The marketing managers use the data to evaluate the market share of different Kraft products compared to one another and to competing foods in each region where the company does business.
Answer:
Marketing information system.
Explanation:
Technology and information gathering are increasingly accessible. The relationship between customer and management enhanced. Permits internal reaserch and quik information gathering. The access to valuable information sources array.
A marketing information system is a framework for managing and structuring information gathered from internal and external sources. Begins and ends with information users. Interacts with information users to assess information.
A database is a single source data provided by single marketing reaserch firm.
A marketing decisions support systems is a customized computer software that aids marketing managers in decision making.
"If domestic fuel prices rise to $5 per gallon, conservation will increase, alternative fuels will be developed, and energy efficiency and our quality of life will improve." This philosophy is consistent with ________ economics. A) environmental B) neoclassical C) subsistence D) social E) Cooperative
Answer:
environmental
Explanation:
According to my research on different types of economics, I can say that based on the information provided within the question this philosophy is consistent with environmental economics. This is a type of economics that focuses on dealing with the relationship between the economy and the environment. In this situation we are seeing how fuel prices (economy) affect the quality of life of the citizens (environment).
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Actual fixed overhead for Kapok Company during March was $92,780. The flexible budget for fixed overheadthis period is $89,000 based on a production level of 5,000 units. If the company actually produced 4,200 units what is the fixed overhead volume variance for March?
A. $ 3,780 favorable.
B. $18,020 unfavorable.
C. $14,240 unfavorable.
D. $ 3,780 unfavorable.
E. $14,240 favorable.
Answer:
D. $ 3,780 unfavorable.
Explanation:
The computation of the fixed overhead volume variance is shown below:
= Actual fixed overhead - budgeted fixed overhead
= $92,780 - $89,000
= $3,780 unfavorable
Since the actual fixed overhead is more than the budgeted fixed overhead by $3,780 which reflect unfavorable variance.
The production level would not be considered in the computation part. So, it is ignored.
People choose between competitors largely because of their _______ -meanings that have been carefully crafted with the help of legions of rock stars, athletes, slickly produced commercials, and many millions of dollars.A. narrative clipsB. role theoryC. needD. consumer behaviorE. brand images
Answer:
The answer is: Brand Images
Explanation:
A company´s brand image is how customers "view them". It´s the impression they have formed in their mind about how a particular brand is, what it represents and what things are associated with them. It´s a process that is usually developed over a period of time.
For example when you hear the words Mercedes Benz, you immediately associate that brand with luxury cars and an expensive lifestyle (that´s their brand image). Most people are surprised when they realize MB also manufactures utility vehicles, trucks, military transports, and small (and not very expensive or luxurious) cars.
Finke Company's employees are paid each Friday for hours worked the previous week. At the end of the accounting period, Finke Company accrues $3,200 for earned salaries that have not yet been paid. Which of the following best describes this accrual transaction type?
a. Asset source transactionb. Asset use transactionc. Asset exchange transactiond. Claims exchange transaction
Answer: Claims exchange transaction
Explanation: In simple words, these are the transactions that do not change the level of total claims, that is, these transactions results in increase on one claim and decrease of the other.
In the given case, the company accrues $3200 to its employees. This transaction will have a dual effect of increase in liabilities and decrease in retained earnings, so the overall claims will remain unchanged.
Hence we can conclude that the correct option is D .
During the sensorimotor stage of cognitive development, the child:
a. acquires the principle of conservation.
b. becomes adept at using words, images, and symbols to represent the world.
c. uses logic to systematically solve problems.
d. relies on his or her sensory and motor skills to acquire practical knowledge about the world.
Answer:
The correct answer is d.
Explanation:
This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).
The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.
Have a nice day!
The child in the sensorimotor stage relies on sensory and motor skills to gain practical knowledge about the world. The stage includes the foundational understanding that objects continue to exist even when not seen, known as object permanence.
During the sensorimotor stage of cognitive development, the child relies on his or her sensory and motor skills to acquire practical knowledge about the world. This stage, which extends from birth to the acquisition of language, involves infants constructing an understanding of the world by coordinating experiences (such as tasting, smelling, touching, hearing, and moving objects) with physical actions. Hence, the infants gain knowledge of the world from the physical actions they perform.
The correct answer to the question is option (d): the child relies on his or her sensory and motor skills to acquire practical knowledge about the world. The development of object permanence, where an infant recognizes that objects continue to exist even when they are no longer visible, is a key accomplishment during the sensorimotor stage.
You are the project manager for Fun Days Vacation Resorts. Your new project assignment is to head up the Fun Days resort opening in Austin, Texas. You are estimating the duration of the project management plan activities, devising the project schedule, and monitoring and controlling deviations from the schedule. Which of the Project Management Knowledge Areas are you working in?
A. Project Scope Management
B. Project Quality Management
C. Project Integration Management
D. Project Time Management
Answer:
Project Time Management
Explanation:
Project Time Management
It is the component of the overall project management where a timeline is developed and analyzed for the project completion process .
It is a dynamic process and require input via different teams and individuals , that work together in an integrated manner to complete the project .
This process is refers to as the Project Time Management .
Walt made an extra $8000 last year from a part-time job. He invested part of the money at 9% and the rest at 8%. He made a total of $ 690.00 in interest. How much was invested at 8%?
Answer:
$3,000
Explanation:
As the total amount of investment = $8,000
This was invested partially at 9% and partially at 8%, which after a year resulted into interest revenue of $690.
Therefore, let investment @ 9% be $x
Thus, $x [tex]\times[/tex] 9% + ($8,000 - $x) [tex]\times[/tex] 8% = $690
0.09x + $640 - 0.08x = $690
0.01x = $690 - $640 = $50
x = $50/0.01 = $5,000
Therefore, amount invested at 9% = $5,000
Thus, interest = $5,000 [tex]\times[/tex] 9% = $450
Amount invested at 8% interest = $8,000 - $5,000 = $3,000
Interest thereon, = $3,000 [tex]\times[/tex] 8% = $240
Therefore, final answer
$3,000
Receive cash from customers, $16,400. Pay cash for employee salaries, $10,400. Pay cash for rent, $4,400. Receive cash from sale of equipment, $9,400. Pay cash for utilities, $2,400. Receive cash from a bank loan, $5,400. Pay cash for advertising, $8,400. Purchase supplies on account, $4,400. Required: Post transactions to the Cash T-account and calculate the ending balance.
Answer:
calculate the ending balance.$1200
Explanation:
Cash account
Deb Cre
Receive cash from customers 16400
Pay cash for employee salaries 10400
Pay cash for rent 4400
Receive cash from sale of equipment 9400
Pay cash for utilities 2400
Receive cash from a bank loan 5400
Pay cash for advertising 8400
Purchase supplies on account 4400
31200 30000
ending balance 1200
To calculate the ending cash balance in the Cash T-account, all cash inflows and outflows from the provided transactions are recorded, resulting in an ending cash balance of $5,600 after accounting for all the listed transactions.
The subject of this question is Business, specifically focused on accounting principles as applied to keeping a Cash T-account and calculating the ending balance. When posting transactions to a Cash T-account, increases in cash (inflows) are added on the debit side, while decreases (outflows) are recorded on the credit side.
To calculate the ending cash balance, we start with an assumed beginning balance of zero (unless otherwise provided), add all the cash inflows, and subtract cash outflows. For the transactions given:
Receive cash from customers: +$16,400 (Debit)Pay cash for employee salaries: -$10,400 (Credit)Pay cash for rent: -$4,400 (Credit)Receive cash from sale of equipment: +$9,400 (Debit)Pay cash for utilities: -$2,400 (Credit)Receive cash from a bank loan: +$5,400 (Debit)Pay cash for advertising: -$8,400 (Credit)Purchase supplies on account: $0 (No cash impact)Now, calculate the ending balance:
Ending Balance = Begin Balance + Cash Inflows - Cash Outflows
Ending Balance = $0 + ($16,400 + $9,400 + $5,400) - ($10,400 + $4,400 + $2,400 + $8,400)
Ending Balance = $31,200 - $25,600
Ending Balance = $5,600
Therefore, after posting all the transactions, the ending cash balance in the T-account is $5,600.
A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13 times, and E3 occurred 17 times. Assign probabilities to the following outcomes for E1, E2 and E3. Round your answer to two decimal places. What method did you use?a) classical methodb) relative frequency methodc) subjective method
Answer:
[tex]P(E1)=\frac{20}{50}=0.4[/tex]
[tex]P(E2)=\frac{13}{50}=0.26[/tex]
[tex]P(E3)=\frac{13}{50}=0.34[/tex]
I used the relative frequency method
Explanation:
To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.
Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities
Event E1 occurred 20 times of the 50: [tex]P(E1)=\frac{20}{50}[/tex]
Event E2 occurred 13 times of the 50: [tex]P(E2)=\frac{13}{50}[/tex]
Event E3 occurred 17 times of the 50: [tex]P(E3)=\frac{17}{50}[/tex]
Jack enters into a contract with Jill’s Farm to provide water for Jill’s irrigation needs. Jack fails to deliver. Jill initiates a suit against Jack, asking the court to order Jack to perform. Jill is the:
Answer:
Plaintiff
Explanation:
The Plaintiff is the person who brings the case against the another in the court of the law.
On the other hand, the defendant is the person who defends himself/herself against the suit filed by Plaintiff in the court of the law.
In the given case, Jill has filed the suit against Jack in the court of the law which means that Jill is the Plaintiff.
In which of the following managerial tasks are work relationships restructured to facilitate the interaction and cooperative efforts of organizational members, all of whom strive to achieve organizational goals?
Answer:
The correct answer s Organizing.
Explanation:
Organization is to design and determine the organizational structure, provide for personnel requirements, assign roles and tasks to the person, anticipate the need for materials, machinery, establish work processes and allocate the resources required.
Integration of personnel: It is the process of capturing, selecting, assigning and training the personnel, as well as assigning the authority and the tasks that must be carried out individually and the equipment for the progress of the organization.
May 31, 2018 June 30, 2018Total Assets $211,000 $209,000Total Liabilities 133,000 99,000Begin by identifying the accounting equation and the formula expressed by the statement of owner's equity (the "equityequation"): (Abbreviation used: Account. = Accounting.)Account. equation: =Equity equation: =For each of the following situations that occurred in June, 2018 with regard to own-er’s contributions and withdrawals, compute the amount of net income or net loss during June 2018.(Use a minus sign or parentheses for a netloss.)a. The owner contributed $25,000 to the business and made no withdrawals.Net income(loss) = $b. The owner made no contributions. The owner withdrew cash of $7,500.Net income(loss) = $c. The owner made contributions of $35,000 and withdrew cash of $22,000.Net income (loss) = $
Answer:
a. $7,000
b. $39,500
c. $19,000
Explanation:
a. The computation of the net income or net loss is shown below:
= (June 30,2018 assets - June 30,2018 liabilities - contribution) - (May 31,2018 assets - May 31,2018 liabilities)
= ($209,000 - $99,000 - $25,000) - ($211,000 - $133,000)
= $85,000 - $78,000
= $7,000
b. The computation of the net income or net loss is shown below:
= (June 30,2018 assets - June 30,2018 liabilities + cash withdrawn) - (May 31,2018 assets - May 31,2018 liabilities)
= ($209,000 - $99,000 + $7,500) - ($211,000 - $133,000)
= $117,500 - $78,000
= $39,500
c. The computation of the net income or net loss is shown below:
= (June 30,2018 assets - June 30,2018 liabilities + cash withdrawn - contribution) - (May 31,2018 assets - May 31,2018 liabilities)
= ($209,000 - $99,000 + $22,000 - $35,000) - ($211,000 - $133,000)
= $97,000 - $78,000
= $19,000
To calculate the net income or net loss for different situations involving owner's contributions and withdrawals, we need to find the change in total assets and total liabilities from May 31 to June 30. The net income or net loss can be calculated by subtracting the change in total liabilities from the change in total assets.
Explanation:In this question, we are given the total assets and total liabilities for two different dates (May 31, 2018 and June 30, 2018). We are then asked to calculate the net income or net loss for three different situations that occurred in June 2018, involving the owner's contributions and withdrawals. Let's go step by step to solve each situation:
a. The owner contributed $25,000 to the business and made no withdrawals.
To calculate the net income or net loss, we need to find the change in total assets and total liabilities from May 31 to June 30. The change in total assets is $209,000 - $211,000 = -$2,000. The change in total liabilities is $99,000 - $133,000 = -$34,000. Therefore, the net income or net loss is -$2,000 - (-$34,000) = $32,000.
b. The owner made no contributions. The owner withdrew cash of $7,500.
The change in total assets is $209,000 - $211,000 = -$2,000. The change in total liabilities is $99,000 - $133,000 = -$34,000. Therefore, the net income or net loss is -$2,000 - (-$34,000) = $32,000.
c. The owner made contributions of $35,000 and withdrew cash of $22,000.
The change in total assets is $209,000 - $211,000 = -$2,000. The change in total liabilities is $99,000 - $133,000 = -$34,000. Therefore, the net income or net loss is -$2,000 - (-$34,000) = $32,000.
If the workers of a firm successfully negotiate an increase in wages, which of the following is most likely to happen? a. The demand curve for the product the firm produces shifts rightward. b. The demand curve for the product the firm produces shifts leftward. c. The supply curve of the product the firm produces shifts rightward. d. The supply curve of the product the firm produces shifts leftward.
Answer:
The correct answer is option is d.
Explanation:
If the workers can get their wages increased, this will lead to an increase in the cost of production, as wages are input price for the firm which is increasing. Since the cost of production is increasing, the firm will be able to produce less quantity at the same cost.
This will cause the supply to decrease. The decrease in supply will cause the supply curve to shift to the left.
An increase in wages, without a corresponding increase in productivity, will likely cause the supply curve of the product the firm produces to shift leftward due to higher production costs.
If the workers of a firm successfully negotiate an increase in wages, the most likely outcome is that the supply curve of the product the firm produces shifts leftward. This happens because as wages increase, the cost of production for the firm also increases. Unless the higher wages are accompanied by an increase in productivity, the firm will see its costs rise without an increase in the amount of product it can sell at a given price. This reduces the quantity that the firm is willing to supply at any price, leading to a leftward shift in the supply curve. The fact that the firm is paying higher wages does not directly affect consumer demand for the product, so it is unlikely to cause a rightward or leftward shift in the demand curve.
pdf Suppose that the pound is pegged to gold at £20 per ounce and the dollar is pegged to gold at $35 per ounce. This implies an exchange rate of $1.75 per pound. If the current market exchange rate is $1.80 per pound, how would you take advantage of this situation? Hint: assume that you have $350 available for investment.
Answer:
1) Buy 10 ounces of gold with the 350 dollars
2) Sell the 10 ounces of gold for £200
3) Exchange £200 for 360 dollars
Explanation:
Due to the difference between the exchange rate in gold and currency, a 2.1% (1.80 / 1.75) advantage can be obtained.
You start in the gold market with 350 dollars which are equal to 10 ounces of gold which are equal to £200. This according to the gold prices, witch generate a 1.75 exchange rate.
Then you go to the financial market where the exchange rate is larger (1.80) and with the £200 you get 360 dollars.
Suppose a study shows that the demand for Goodyear tires is more elastic than the demand for all tires. What could be a likely explanation for this? The demand for Goodyear tires could be more elastic than the demand for all tires because a) Goodyear tires are more of a necessity.b) Goodyear tires are less costly.c) Goodyear tires are more broadly defined.d) Goodyear tires have more close substitutes.e) Goodyear tires are consumed over a shorter period of time
Answer:
The demand for Goodyear tires could be more elastic than the demand for all tires because Goodyear tires have more close substitutes
Explanation:
The elasticity in the demand of a product is the increase or decrease in the demand for a product due to the change of a price, when the demand is more elastic means that the percentage change in the increase in the demand is bigger than the the percentage change in the fall in the price of a product and the percentage change in the fall the demand is bigger than percentage change in the rise of a product. A great example of an elastic demands is when a product has close substitutes, beacuse if the prices rices you can change the brand for other substitutes.
The demand for Goodyear tires is likely more elastic than the demand for all tires because Goodyear tires have more close substitutes, allowing consumers to easily choose another brand if prices increase.
Explanation:The demand for Goodyear tires could be more elastic than the demand for all tires likely because Goodyear tires have more close substitutes. Elasticity of demand indicates how sensitive the quantity demanded is to a change in price. When products have close substitutes, consumers can easily switch to another brand if the price of one brand increases, making their demand more elastic. This contrasts with goods that are necessities or have few substitutes, which tend to have inelastic demand because consumers cannot easily find alternative products and must purchase the item even if the price rises.
Lina purchased a prepaid phone card for $15. Long distance calls cost 16 cents a minute using this card. Linda used her card only once to make a long distance call. If the remaining redit on her card if $10.52, how many minutes did her call last?
Answer:
Lina spent 28 minutes on the call.
Explanation:
let n be the number of minutes lina made a call
then:
cost of long distance call is 16 cents/min = 0.16 dollars/min
number of dollars spent on the long distance call = 0.16n
if the total dollars of the phone card is $15 and the remaining dollars after the call is $10.52, this implies that:
$15 = $10.52 + (0.16n)$
n = (15 - 10.52)/0.16
= 28
Therefore, lina spent 28 minutes on the call.
pple is known for its innovation. It conducts in-depth marketing research to determine what customers want. Its electronic devices are constantly upgraded so customers can purchase the newest models. The company creates buzz around its product offerings by discussing the product months before it is launched. This anticipation builds up until the product is launched, resulting in wide-scale sales that often result in stores selling out of the newest product. Refer to Scenario 1.2. From the information provided about Apple and its marketing strategies, Apple most likely embraces a _______________.
Answer:
Market orientation
Explanation:
Market orientation is a kind of business philosophy in which the company focuses on finding out the needs of the consumers and developing the solutions to meet the needs of the consumer.
Here, the Apple conducts the marketing research to find out the customer needs and upgrade the devices to new models to meet the needs of the consumer.
Real estate brokers and their salespersons facilitate __________ by promoting the sale/lease of property, providing information which buyers and sellers can use to make decision, assisting principals in the negotiations process, and shepherding the sale to a closing.
Answer:
The correct answer is Transferability.
Explanation:
The term of transferability indicates the speed with which competitors can mimic the processes on which a company's competitive advantage is based. It also refers to the ease of certain raw materials to be taken from one place to another.
Caitlyn and Tristan have a dream of opening a bed and breakfast in a coastal town. They have started saving money and visiting potential towns. Which one of John Gottman's seven main principles are they displaying?
a. Establishing love maps
b. Letting your partner influence you
c. Nurturing fondness and admiration
d. Creating shared meaning
Answer:
The correct answer is d. Creating shared meaning.
Explanation:
The concept of "Shared Meanings" refers to those ideas or mental contents that expressed through terms or words have been conventionally set to establish the possibility of communicating between different individuals of a given society. Through shared meanings it is possible to establish a common sense for all men in the world, which facilitates communication and coexistence between them.
The concept of meaning, in turn, comes from semiotics and Saussure defined it as the mental image that man associates with a sign (word or term) when he hears or reads it; once that idea or mental content is shared with the other, one can speak, then, of a shared meaning.
The right answer to that question is a) Establishing love maps
Further explanationProfessor John Gottman, a psychologist from the Dominican Republic who focuses on marriage reveals that there are 7 principles that you can apply if you want to maintain love in marriage including the following.
1. Establishing love maps
Try to dig in and recall the information you have about your partner. What is the dream of a couple before marriage? What is his hope? What is his fear? Once you know, try to help him realize his dream. Even though the dream sounds trivial, don't underestimate it. Be a person who supports a partner. Try to understand his dreams and fears. Do not let anyone else who can understand it better than you and make him turn to another heart.
2. Nurture Your Fondness and Admiration
Maintaining a positive outlook on a partner is not easy. If you are married, people often stop admiring their partners. It's not uncommon for you to tell your partner's needs and keep complaining Look at the positive things that couples do.
3. Turn toward each other instead of away
Caring for each other, even if the slightest thing is to do it together, because it creates a sense of happiness between couples, not ignoring each other, helping each other when experiencing difficulties also includes ways to remain harmonious.
4. Let Your partner influence you
Getting used to always making decisions together, because if you have a family that lives not only one individual but two individuals often have different opinions. Consider each other's perspectives and feelings, and find a meeting point for both parties.
5. Solve your solvable problems
Resolving a conflict with a cool head, there are several steps to resolve the conflict:
Start the rooting softlyMake and receive corrective efforts from a partnerCalm yourselfCompromiseTolerance6. Overcome gridlock
Know the reasons why dreams are not achieved.
7. Create shared meaning
Take the time to date the two at least once a month. If you don't have time, try it every 2-3 months. Let's just say you're dating. Without children, other families or friends.
Learn more
John Gottman https://brainly.com/question/7158742, https://brainly.com/question/4123887
Details
Class: High School
Subject: Business
Keyword: John Gottman
During its most recent fiscal year, Raphael Enterprises sold 360,000 electric screwdrivers at a price of $19.80 each. Fixed costs amounted to $1,296,000 and pretax income was $1,656,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
a. $7,128,000.
b. $2,952,000.
c. $5,472,000.
d. $4,176,000.
e. $2,880,000.
Answer: Option (d) is correct.
Explanation:
Contribution margin = Fixed cost + Pretax Income
= $1,296,000 + $1,656,000
= $2,952,000
Variable cost = Sales - Contribution margin
= (360,000 units × $19.80 per unit) - $2,952,000
= $7,128,000 - $2,952,000
= $4,176,000
Perla is trying to decide which of two plasma television sets she should purchase. One is more expensive than the other, but it has better resolution. Sound quality is the same on both television sets. They both come with remote controls, but Perla rarely uses a remote control so it is not a factor in her decision. Perla is using __________ to make the decision?
Select one:
a. Single criteria
b. Consideration set
c. Sound quality.
d. Price
e. Multiple criteria
Answer:
The answer is e. Multiple criteria
Explanation:
As Perla decides which television to get, she first compares the price of two television sets, one being more expensive than the other. Then she compares the resolution of the screens, and by their specifications the most expensive one has better resolution than the other. After that, she compares sound quality, which turns out to be the same for both televisions. The remote control is not relevant because she does not consider that to be a factor in her decision. Thus, we can conclude that Perla is using multiple criteria —3, to be specific—, to make her decision.
Ethel and Jan have just started a new company, Jantel Inc., and are having trouble deciding which marketing path to take to drive sales. Ethel believes they should follow a make-and-sell philosophy that focuses on improving their product, whereas Jan believes they should be more customer-oriented and find the right products for their customers. Which of the following BEST describes this situation? Should Jantel, Inc., follow a product or marketing concept?
Answer:
The answer is: Jantel Inc. should follow a marketing concept
Explanation:
If Jantel Inc. is going to manufacture or produce some super groundbreaking mega exceptional product that every will want to have because of how good it is, then it´s ok to follow a make and sell philosophy. That´s the only reason why a company should only focus on how good your product is.
But if Jantel Inc. is not inventing something life changing as the Iphone or the internet, then they will have to be more consumer oriented. This has become a universal truth all around the world.
The world of full of thousands of great products that someone wants and needs to sell to you, but you only buy a tiny fraction of them. So as a customer you decide which product to buy based on the seller´s marketing actions.
The only possible exceptions to this rule are commodities, i.e. farmers grow soybeans and corn the best they can because someone will be willing to buy all they can produce.
So unless Janitel Inc. is a mining company, a farm or an oil company, or Ehtel and Jan are the reincarnations of Steve Jobs, then they should definitely focus on consumers.
Intellectual property protection, nondisclosure agreements, assignments of inventions and, covenants not to compete and license agreements are most likely related to which support activity in the value chain:a. Firm infrastructure
b. Technology development
c. Procurement
d. None of these are correct.
Answer:
The correct answer is b. Technology development.
Explanation:
Technological development is defined as the systematic use of knowledge and research directed towards the production of materials, devices, systems or methods including the design, development, improvement of prototypes, processes, products, services or organizational models.
Starting from the fact that technological knowledge is essentially composed of technical information, know-how, inventions, guides, manuals, procedures, among other intangible elements, before which, intellectual property comes to play a decisive role in the protection and management of These elements of an intangible nature, and therefore, knowledge-generating institutions such as universities, increasingly resort to intellectual property to understand what kind of intangible intellectual property assets exist in their technology, how to manage them during the transfer process, and of course having the necessary control to be able to monetize them, that is, to obtain profit through their exploitation.
Imperfect markets: do not exist in democracies. always result in supply exceeding demand. always result in demand exceeding supply. occur when the buyer or seller has an influence on the price. can’t occur if there are many buyers and many sellers.
Answer:
The correct answer is: when buyers and sellers have influence on price.
Explanation:
The imperfect market situations exist when there are few buyers or sellers such that they are able to influence the market. For instance, in a perfectly competitive market, there is a large number of buyers and sellers. So, any single buyer or seller is not able to influence the market. The price and output are determined by the market forces.
In an imperfect market such as monopoly or oligopoly, few firms exist so they are able to fix output and price on their own.
________ all costs of a product that GAAP requires companies to treat as an asset for external financial reporting. These costs are recorded as an asset (inventory) on the balance sheet until the asset is sold. The cost is then transferred to an expense account (Cost of Goods Sold) on the income statement.
Answer:
Product costs are.
Explanation:
Often the information needed by internal managers stands in sharp contrast to external reporting requirements promulgated by Generally Accepted Accounting Principles (GAAP).
GAAP requires full costing and management decision making requires incremental information.
According to GAAP, all manufacturing costs must be treated as product costs, and all selling and administrative costs must be treated as period costs.
Material cost + labor costs incurred directly in producing the product + other production or indirect production overhead costs.
If the products are in inventory, the costs are recorded as assets. If they have been sell, the are recorded as costs of goods sold.
A business renders services to a client and issues a sales invoice. The amount will be collected from the customer at a later time. Which of the following is true at the time the invoice is issued?a)net income will increaseb) total liabilities will increasec) total assets will decreased) equity will decrease
Answer:
a) net income will increase
Explanation:
The business must record the Account Receivable (Debit – Asset increased) against de income for the Revenue (Credit – Equity increased). Then will record the loss for the Cost of Sold Goods (Debit – Equity decreased) against the exit of the sold goods (Credit – Asset – decreased). As the income (Revenue) will be larger than the loss (Cost of Sold Goods), the Net Income will be increased.
Final answer:
At the time a sales invoice is issued for services to be collected later, net income increases due to revenue recognition, even though cash has not yet been received. This transaction does not immediately affect liabilities, other assets, or equity.
Explanation:
When a business issues a sales invoice for services rendered to a client, to be collected at a later time, the transaction impacts the accounting equation in a specific way. At the time the invoice is issued, the business recognizes the revenue earned - even though it has not yet received the cash. This scenario increases both net income and accounts receivable, an asset, reflecting the right to collect money in the future.
Given these changes, the correct statement is that net income will increase (a). Liabilities will not increase because the transaction does not involve borrowing or creating a new payable; assets will not decrease since the service has been provided but payment is yet to be received; and equity will not decrease because the revenue increases net assets, part of which is equity.
A volunteer has been working at a very physical job for 10 hours. At the end of his shift, he said he was fine and continued working. You should: A. Make the volunteer leave the worksite for a complete rest period. B. Require him to break for fluids, then let him continue. C. Assign a second volunteer to help him. D. Allow him to continue working until he indicates fatigue.
Answer:
B. Require him to break for fluids, then let him continue
Explanation:
According to my research on labor ethics, I can say that based on the information provided within the question you should require the worker to break for fluids, then let him continue. This can be said because when working at a very physical job the body needs plenty of fluids to stay hydrated, that being said each person knows what they are feeling and what they can or cannot handle, so you should let him continue working if he can.
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