Answer:
D) assortment warehousing.
Explanation:
Based on the information provided within the question it seems that this technique is called assortment warehousing. These are warehouses specifically designed to house products that are being stored for long periods of time until customer demand for those products rises. Such is the case with wrapping paper since demand is low until the holiday season where it drastically increases.
If nominal wages fall which of the following will occur in the short run? The SRAS curve will shift to the right The SRAS curve will shift to the left The AD curve will shift to the right The LRAS curve will shift to the right
Answer:
The SRAS curve will shift to the right.
Explanation:
A decline in nominal wages will reduce the cost of hiring labor. The overall cost of production will reduce as well. The firms will be able to increase production and investment.
This increase in production and investment will increase the aggregate supply. As a result, the short-run aggregate supply curve will move to the right. This will cause the equilibrium price to fall and the equilibrium quantity to increase.
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ________.
Answer:
Coca-Cola Unbottled is an online forum where Coke fans and company insiders can "look at what's beyond the bottle," sharing posts on everything from new products and sustainability initiatives to fun and inspiring fan stories. This is an example of a ___blog_____.
Explanation:
A blog is an online journal or informational website displaying information in the reverse chronological order, where people can share post, make comment on everything from new products and initiatives to inspiring fan stories. The latest posts will appear first. It is also a platform where a writer or group of writers share their views on a particular subject matter.
Consider the relative liquidity of the following assets: Assets
1. A bond issued by a publicly traded company
2. The funds in a savings account
3. A $5 bill
4. Your house Select the assets in order of their liquidity, from most liquid to least liquid
Select the assets in order of their liquidity, from most liquid to least liquid. AssetMost Liquid Boat $5.00 bill Funds in a savings account BondSecond-Most Liquid Funds in a savings account Boat $5.00 bill BondThird-Most Liquid Bond Boat $5.00 bill Funds in a savings account
Least Liquid
Funds in a savings account $5.00 bill Bond Boat.
Answer:
4. Your house - MONEY IS THE MOST LIQUID ASSET THAT CAN EXIST
2. The funds in a savings account - MOST SAVINGS ACCOUNTS ALLOW THEIR CLIENTS A CERTAIN NUMBER OF WITHDRAWALS OR ELECTRONIC TRANSFERS PER MONTH, SO MONEY AT A SAVINGS ACCOUNT IS ALSO VERY LIQUID.
1. A bond issued by a publicly traded company - THE COMPLETE PROCESS OF SELLING A BOND MAY TAKE FROM ONE FULL DAY TO A FEW DAYS, SINCE FIRST YOUR TRADER MUST SELL THE BOND AND THEN THEY MUST TRANSFER THE MONEY TO YOUR ACCOUNT. STILL BONDS ARE LIQUID ASSETS.
4. Your house - SELLING A HOUSE IS A LONG PROCESS THAT CAN TAKE A FEW DAYS (AT BEST) TO SEVERAL MONTHS, SO A HOUSE IS NOT A VERY LIQUID ASSET.
Casio, a giant electronic products producer, synthesizes it abilities in miniaturization, microprocessor design, material science, and ultrathin precision castings to produce digital watches. It uses the same skills to produce card calculators, digital cameras, and other small electronics. These collective skills are known as
a. shared activities.
b. strategic resources.
c. core competencies.
d. economies of scope.
Answer: (C) Core competencies
Explanation:
The core competencies is the one of the type of collective skills that comprised all the advantages of the strategic business.
The concept of core competencies was introduced by the Gary hamel and the C.K prahalad. It is defined as the combination of the multiple skills and the resources which helps in the distinguish in an organization.
The following are the personal core competencies are as follows:
The problem resolution skill Analytical ability The creating thinking
The text reports the results of a test for the significance of the difference in average income for random samples of males and females. Males earned an average of about $17,000 more per year and the Z score computed in step 4 was 6.53. Given these results, which of the following is a reasonable conclusion?
a. There is no gender gap in income in the United States.
b. This difference is statistically significant but quite small.
c. The difference is not statistically significant and was probably caused by random chance.
d. The difference is statistically significant, large, and important.
Answer:
The answer is letter D.
Explanation:
The difference is statistically significant, large, and important.
A quota on imported avocadoes ______________ the price of avocadoes, _____________ consumers’ surplus for avocado buyers, _______________ producers’ surplus of avocado growers and __________________ tariff revenue. Because the loss to _____________ is more than the gain to ___________________, there is a net loss to society.
A quota on imported avocados raises prices, decreases consumer surplus, increases producer surplus, creates tariff revenue, but causes a net societal loss due to consumer losses outweighing producer and government gains.
Explanation:A quota on imported avocados increases the price of avocados, decreases consumers' surplus for avocado buyers, increases producers' surplus of avocado growers, and creates tariff revenue. Because the loss to consumers is more than the gain to producers and government through tariff revenue, there is a net loss to society.
The imposition of a tariff or quota results in two primary outcomes: consumers end up paying a higher price and purchasing smaller quantities, whereas domestic producers receive higher prices and sell larger quantities. These effects lead to a redistribution of economic welfare - consumers end up worse off while producers and the government can potentially be better off. However, the overall loss in consumer surplus often outweighs the gains in producer surplus and government revenue, leading to a decrease in social surplus or the overall economic welfare of society.
Dina loves to splurge on clothes. However, when she was shopping the other day, she bought much less than what she usually does as she had left her credit card at home. Which of the following antecedent conditions is most likely accountable for Dina's reduced volume of purchase?
A. Buying power
B. Mental budgeting
C. Orientation
D. Fearfulness
Answer:
A. Buying power
Explanation:
Based on the information provided within the question it can be said that the condition that is most likely accountable for this is Dina's buying power. This term refers to amount of something that a certain amount of money is able to buy, compared to different time periods. Since Dina left her credit card at home, she only had a certain amount of money, meaning she could only buy less than she would be able to if she had her card.
Some economists say that economic growth involves a trade-off between current generations and future generations. If a current generation raises its saving rate, what does it sacrifice?
A. Current consumption.
B. Human capital.
C. Capital deepening.
D. Both a and b.
Answer:A) Current Consumption
Explanation:
When consumption reduces there is more to reserve for future but if consumption increases then the future generation's consumption is at stake because level of savings will reduce in the current generation.
What assumptions are necessary for a market to be perfectly competitive? In light of what you have learned in this chapter, why is each of these assumptions important? For a market to be perfectly competitive, A. only a few firms may produce output, firms must have market power, and firms must produce a homogenous product. B. firms must be price takers, firms must produce a homogeneous product, and firms must be able to easily enter and exit the market. C. only one firm can produce output, no close substitutes may exist, and firms must not be able to enter the market. D. only one firm can have access to a key input, the government must regulate entry of new firms, and the long-run average cost of production must be decreasing. E. firms must have market power, firms must produce a differentiated product, and firms must be able to easily enter and exit the market.
Answer:
The correct answer is option B.
Explanation:
In a perfectly competitive market, there is a large number of sellers selling homogenous products. Because of a large number of firms selling identical products, no single firm can affect the price and output level in the market.
All the firms are price takers and face a horizontal line demand curve. There is no restriction on the entry and exit of firms in the market. That is why firms earn zero economic profits in the long run.
Shaniqua's restaurant utilizes a product cost percentage pricing system. What should be the selling price for a steak dinner she sells if her total plate cost for the dinner is $7.00 and her desired product cost is 25%?
A. $28.00
B. $3.57
C. $10.00
D. $35.71
Answer:
option (A) $28.00
Explanation:
Data provided in the question:
Total cost of Shaniqua's plate = $7.00
Desired product cost = 25%
Now,
Let the selling price for a steak dinner be 'x'
therefore,
[(Total cost of plate) ÷ (Selling price)] × 100% = 25%
or
[ $7 ÷ x] = 0.25
or
or
x = $7 ÷ 0.25
or
x = $28
Hence,
correct answer is option (A) $28.00
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have a carrying value of $990,000. We call these bonds prior to maturity on September 30. Complete the necessary journal entry.a. bonds payable 1,000,000b. loss on bond retirement 20,000c. discount on bond 10,000d. cash 1,010,000
Answer:
bonds payable 1,000,000 debit
loss on redemption 20,000 debit
discount on bonds 10,000 credit
cash 1,010,000 credit
--to record tyhe call of the bonds on September 30th--
Explanation:
par value of the bonds: 1,000,000
call premium: 10,000
total cash disbusements: 1,010,000
carrying value 990,000
loss on redemption 20,000
Notice: It is a loss as we are paying more than the aliability is worth
discount/premium:
face value 1,000,000
carrying value 990,000
discount 10,000
We write off the bonds account: bond payable and bon discount
we debit the loss and credit hthe cash disbursments
The necessary journal entry for the redemption of callable bonds involves debitting 'Bonds Payable', 'Loss on Bond Retirement' and 'Discount on Bond', while crediting 'Cash'. Business accounting records these events to accurately represent the company's financial status.
Explanation:This appears to be a question concerning how to record the redemption of callable bonds in accounting. Ajax, Inc. has issued callable bonds with a par value of $1,000,000 and these were called prior to maturity, resulting in a call premium of $10,000.
Seeing as the carrying value of the bonds is $990,000, the company incurs a loss since the carrying value is less than the par value. Hence, in order to record this transaction, we debit 'Bonds Payable' for $1,000,000 (the par value), debit 'Loss on Bond Retirement' for $20,000 (the difference between the par value and carrying value), debit 'Discount on Bond' for $10,000 (the remaining value from the discount), and credit 'Cash' for $1,010,000 (the amount paid to redeem the bonds plus the call premium).
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Troll Corporation sells dolls for $10.00 each in a market that is perfectly competitive. Increasing the number
of workers from 100 to 101 would cause output to rise from 500 to 550 dolls per day. The marginal revenue
product for the 101st worker is:
a. $10.00.
b. $500.
c. $5,000.
d. $1,010.
Answer:
b. $500.
Explanation:
The marginal revenue of labour is equal to change in total revenue divided by change in workers.
Revenue = price × output
=$10 × 550 = $5500
=$10 × 500 = $5000
Change in revenue = $5500 - $5000 = $500
Change in workers = 101 - 101 = 1
Marginal revenue = $500 /1 = $500
Colossal Choco Chipper is a new, gigantic chocolate chip cookie created by the Kookie Cookie Company. To create interest for the Colossal Choco Chipper, the company sent a free package of six cookies to selected homes along with a coupon. Kookie Cookie's activities represent__________.a. consumer publicity.b. public relations.c. sales promotion.d. trade advertising.
Answer:
The correct option is C that is Sales Promotion
Explanation:
Sales Promotion is the term which is described as the procedure of persuading the customer so that the customer buy the product. It is designed or created to be used as a tactic which is short-term in nature in order to boost the sales.
So, the company sent free package having 6 cookies to the selected homes with the coupons. Therefore, the activity of the company represent the sales promotion of the product.
When the company sent a free package of six cookies to selected homes along with a coupon, this represent a Sales Promotion.
A Sales Promotion refers to series of procedure used in persuading the customer so that they can customer buy the offered product.
Hence, the free package of six cookies sent to selected homes along with a coupon represent a Sales Promotion.
Therefore, the Option C is correct
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Jack Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2013:
Allowance for doubtful accounts, 1/1/13 (Cr.)
$ 12,000
Accounts written off as uncollectible during 2013
9,000
Credit sales in 2013
1,500,000
The Allowance for Doubtful Accounts balance at December 31, 2013, should be:
Answer:
$27,000
Explanation:
To calculate the balance for the Allowance for Doubtful Accounts account, we first have to calculate the total estimated bad debts for the year = $1,500,000 x 2% = $30,000.
Then we need to add the bad debt that was written off during the year ($9,000) and subtract the balance for the same account at the beginning of the year ($12,000).
= $30,000 + $9,000 - $12,000 = $27,000
Sam runs a red light and has an accident. He is sued. Sam contacts the only eyewitness, Curtis, and offers him $1000 if he does not testify at the trial. Curtis, who didn’t see Sam run the red light, does not testify and seeks payment of the $1000 from Sam. Sam refuses to pay. May Curtis enforce the contract with Sam?
Answer:
..
Explanation:
Well he did what was asked on the contract so Sam should pay and therefore yes he can enforce the contract
On May 2, Wainwright Company receives a $3,000, 4-month, 10% note from Fulton Company as a settlement of its accounts receivable. What entry will Wainwright Company make when it receives the note on May 2?
Answer:
Debit Credit
Note receivable 3,000
Accounts receivable 3,000
Explanation:
In this case the Wainwright company is receiving an asset in the form of note receivable, and we will debit note receivable by 3,000 as an asset is increasing by 3,000 and whenever an asset increases we make a debit entry by the same amount.
Also Wainwright company is receiving this note as a settlement to its account receivable, which means that one of it's asset is decreasing by 3000, and whenever an asset decreases we make a credit entry by the same amount, so in this case we will credit accounts receivable by 3000.
A salesperson for FS Tools asked Justin, a cabinet maker, "If I can show you how to cut melamine, high-pressure laminates, and fine veneer without any chips or breaks, would that save you any money?" In terms of the SPIN technique, this is an example of a(n) ________ question.A. need payoffB. situationC. implicationD. benefitE. problem
Answer:
A. need payoff
Explanation:
Based on the information provided within the question it seems that the salesperson's SPIN technique is an example of a need payoff. This term refers to asking an individual/customer about the value or importance that something can provide them. Which is exactly what the salesperson is stating by asking "how much money (value) can this save you?"
The ________ is a budget based on multiple levels of projected sales or production.
Answer: The Flexible Budget
Explanation:
A flexible budget is a budget that is prepared to cater for various levels of activity, i.e. differing levels of budget production or sales units. It is a budget that helps management prepare for different scenarios and quickly compute variances no matter the level of activity.
It is better than a static budget, which doesn't make adequate provision for circumstances that could be beyond the company's influence and control.
_______ advertising generally occurs in the growth and early maturity stages of the product life cycle, when competition is most intense, and attempts to accelerate the market's acceptance of the product.a. Informativeb. Persuasivec. Reminderd. Pushe. Pull
Answer:
Persuasive
Explanation:
Persuasive advertising involves the art of convincing a customer to buy a particular brand instead of other similar products. A company will provide informative information to customers to influence them to buy certain products. In persuasive marketing, the goal is to get customers to try out the new products.
A product that is in the growth or the early stages is still new in the market. Consumers are not aware of it. Marketers will engage in product promotion to demonstrate the superiority of the product over the others. The objective is to increase the sales volume of the product.
________ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase decision.
Answer:
The answer is personal selling
Explanation:
_Personal Selling_______ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase decision.
Provide the summary journal entry which shows the cash flow for each of the following for Mike Roe Computers during the reporting period:
a) received from customers,
b) paid to suppliers,
c) paid to employees,
d) paid for interest,
e) paid for insurance,
f) paid for income taxes
Answer:
a. DR Cash CR Customer
b. DR Suppliers (Liability) CR Cash
c. DR Employees (Salaries) CR Cash
d. DR Interest Expense CR Cash
e. DR Insurance Expense CR Cash
f. DR Income Taxes CR Cash
Explanation:
This is an accounting question that attempts to test your understanding of Journal entries.
The logic behind journal entries rests on the understanding of double entry principle in accounting that states that for every debit entry, there must be a corresponding credit entry.
Furthermore, you credit the giver and debit the receiver for any transaction.
There is a simpler way to understand this though.
I will make a little assumption that you understand what assets, expenses, losses and liabilities are;
Based on this assumption;
whenever assets, expenses and losses go up or increase, you Debit (DR) them but when they go down or reduce, you Credit (CR) them
Also, whenever Capital, incomes, and Liabilities go up or increase, you Credit (CR) them and whenever they go down or decrease, you Debit (DR) them.
Please feel free to ask me further questions on this, I am sure the little explanation I have given above will help you with any journal entry question.
Thank you.
Companies such as Time Warner have extensive holdings in radio and television stations, cable television companies, book publishing firms, and film production and distribution companies. These companies are referred to as __________.
Answer:
Conglomerates.
Explanation:
A business conglomerate, which is characterized by the joining of two or more companies that may be from different areas of activity, but which are under the same corporate structure, that is, companies that depend on the same matrix. It is considered a form of oligopoly, which grows as new companies join the conglomerate and increases the profitability of existing companies.
The main objectives of this business group is to increase financial gains and expand the organizations that are part of the group, so the conglomerate focuses on management and use of equipment and search for capital resources.
A public good is a good that is ________, and thus is difficult for market producers to sell to individual consumers.
a. excludable and rivalrous
b. nonexcludable and nonrivalrous
c. excludable or rivalrous
d. unexcludable or unrivaled
Answer:
B. Nonexcludable and nonrivalrous
Explanation:
A public good is basically non-profit goods that can be used by anyone either by the government, organization or an individual.
Over the first four years of a company's life, it earned the following net income (loss): $10,000; $5,000; $6,000, and ($4,000). If the company's ending retained earnings is $14,200 after year 4, what is the average amount of dividends paid per year?
Answer:
$700
Explanation:
Total earnings in 4 years
= 10000 + 5000 + 6000 - 4000
= $17,000
Ending retained earnings after 4 years
= $14,200
Total amount paid out as dividend in 4 years
= 17000 - 14200
= $2,800
Average amount of dividends paid per year
= $2,800/4
= $700
Final answer:
The company paid an average of $700 in dividends each year over the four-year period, which is determined by subtracting the total increase in retained earnings from the total net income and then dividing by the number of years.
Explanation:
To calculate the average annual dividends paid by the company, we first need to determine the company’s total retained earnings over the four-year period and then subtract that from the total net income (loss). The net incomes over the first four years are $10,000, $5,000, $6,000, and ($4,000), which when summed up equals $17,000. The ending retained earnings after year 4 is $14,200.
The total increase in retained earnings over the four years can be found by subtracting the starting retained earnings (which can be considered zero if not provided) from the ending retained earnings. Assuming the company started with a retained earnings balance of zero, the increase in retained earnings over the four years is the ending retained earnings value of $14,200.
To find the total dividends paid out over the four years, we subtract the increase in retained earnings from the total net income: $17,000 (total net income) - $14,200 (increase in retained earnings) = $2,800 (total dividends paid). To find the average dividends paid per year, we divide the total dividends paid by four (the number of years): $2,800 / 4 = $700. Therefore, the company paid an average of $700 in dividends each year.
Unlike consultation, coalition tactics are most likely used when agents
A) make proposals that are designed to arouse enthusiasm or emotions in targets.
B) attempt to get targets in a good mood before making requests.
C) use threats or persistent reminders to influence targets.
D) seek the aid or support of others to influence their targets.
Answer:
b
Explanation:
It just makes sense. ... not much less to say about that
Final answer:
Coalition tactics are most likely used when agents D. seek the aid or support of others to influence their targets. This involves forming alliances or partnerships with other individuals or groups to achieve a common goal.
Explanation:
Coalition tactics are most likely used when agents seek the aid or support of others to influence their targets. This involves forming alliances or partnerships with other individuals or groups to achieve a common goal. Instead of working alone, agents leverage the power of numbers to increase their influence and achieve their objectives.
For example, in politics, political parties often form coalitions with other parties to gain more votes and increase their chances of winning elections. This allows them to pool resources, share expertise, and broaden their base of support. Another example is labor unions, which form coalitions with other unions to collectively negotiate for better wages, working conditions, and benefits for their members. By joining forces, they have a stronger bargaining position and can exert more pressure on employers.
Her instincts told her the group was heading in a very wrong direction but Natalie didn't want to cause a scene by disagreeing, especially when she was apparently the only one with reservations. Natalie has succumbed to ________.
Answer:
Groupthink.
Explanation:
Hope this was helpful! :)
Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking them to request additional information on the telephone or through a website. In terms of direct marketing, this is known as:_______
Answer:
The correct answer is Lead generation.
Explanation:
A contact or lead is any user of a web page that, at a given time, provides us with their data in a form, thus losing their condition of anonymous visit and becoming a contact on which to track.
Lead acquisition would be all those actions or processes focused on getting contacts with which to nourish our database. In an inbound marketing project it would consist of the Convert or Conversion phase.
Basic characteristics of a lead:
The only data that is absolutely essential is the email address. It is also mandatory that these leads have previously accepted the company's privacy policy since otherwise it is not legally possible to track them and send them more communications.If the economy experiences an inflationary gap, a contractionary monetary policy will __________ investment and _______ interest rates.
Answer:
The correct answer is: Decrease; Increase.
Explanation:
The inflationary gap or inflation is the situation where there is a sustained increase in the general price level. It erodes the purchasing power of the consumers and the real value of money.
In such a situation a contractionary policy is required to correct the inflationary gap. Such a policy can be either monetary or fiscal.
Contractionary monetary policy is adopted by the Fed to reduce the money supply by using tools such as discount rate, open market operations, reserve ratio, etc.
These tools are used to reduce the lending capacity of the banks. As the reserves with bank declines. Credit becomes expensive and interest rate increases.
This raises the cost of borrowing to invest. So the investment will decline as well.
To set its sales force size, a company can first group accounts into different classes according to size, account status, or other factors related to the amount of effort required to maintain the account. It then determines the number of salespeople needed to call on each class of accounts the desired number of times. This is called the ______ approach.A. inside.B. complex.C. field.D. workforce.E. workload
Answer:
E. workload
Explanation:
Based on the description being provided with regards to the scenario it seems that this is called the workload. Basically this refers to the amount of work that needs to be done by a certain individual or group. Seeing as since the company divides accounts into groups, it calculates the workload and assigns the specific number of salespeople that each group will need to get the work done on time.
One reason why the average salary of Major League Baseball players is higher than the average salary of college professors is the careers of most baseball players are much shorter than the careers of most college professors. college professors accept lower salaries in exchange for better working conditions. competition among baseball club owners forces player salaries to be much higher than the players' marginal revenue products. the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.
Answer:
the marginal revenue product of baseball players is greater than the marginal revenue product of college professors.
Explanation:
Baseball players are responsible for a baseball teams' revenues, and they add up billions of dollars per year. For example, Max Scherzer sells jerseys, caps and other merchandise for millions of dollars, and his team winning the World Series this year increases the team's revenue greatly. Sometimes even without winning a championship some players still generate lots of revenue.
An individual's salary should be proportional to the revenue that they generate. Colleges have huge amounts of revenue, and college professors are responsible for a large portion of it.
The problem hear is that there are a lot of college professors and assistants, and the revenue must be split between many people. For example, Harvard University's revenue is about $5.5 billion per year, but it has over 16,000 employees (including about 2,400 professors).