Answer:
low-ball technique
Explanation:
Low-ball technique is a method used to persuade buyers make a purchase by offering a product at low price to get the customer to commit. The price is then increased.
This is a method commonly used by sales people.
In the given scenario this was used by the salesman when a couple orally agrees to purchase an appliance at a special price, he tells them he misquoted the price, indicating it was only available for an out-of-stock model with fewer options.
Since the couple had made a commitment to buy the particular appliance, they still buy at the higher price.
Products can be returned for various reasons, such as product recalls, product damage, lack of demand, and customer dissatisfaction. This process is called______. Group of answer choices Reverse Auction Reverse Logistics Pull Forward Pull System
Answer:
Returned goods
Explanation:
The returned goods process is the process in which the goods are returned due to several reasons i.e damaged of the product, demand lacking, the customer is not satisfied with the product as the company does not meet the customer demand to the level of their expectation
Therefore this process we called returned goods
And this is the answer but the same is not presented in the given options
Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of their single product. Total Per Unit Sales $ 374,400 $ 24 Variable expenses 202,800 13 Contribution margin 171,600 $ 11 Fixed expenses 95,000 Net operating income $ 76,600 What is the amount of contribution margin if sales volume increases by 25%
Answer:
$214,500
Explanation:
For the computation of the amount of contribution margin first we need to follow some steps which are shown below:
No of units sold = Total sales ÷ selling price per unit
= $374,400 ÷ $24
= $156,00
Variable cost = No of units sold × Variable cost per unit
Variable cost = $15,600 × $13
=$202,800
Contribution margin = Sales - Variable cost
= $374,400 - $202,800
= $171,600
CM ratio = Contribution margin ÷ Sales
= $171,600 ÷ $374,400
= 0.46
Contribution margin = CM ratio × Sales Contribution margin
= 0.46 × (1.25 × $374,400)
= $214,500
A seller is under contract to sell a property using the standard offer to purchase and contract. The elegantly decorated master bedroom has vertical window blinds, hand-painted light switches and electrical outlet covers and draperies fashioned from fabric coordinated with the wallpaper. Which of the following items may the seller legally remove before the close of the transaction?
a. the draperies and blinds.
b. the hand-painted light switches and electrical outlet covers.
c. the draperies.
d. none of the items.
Answer: The draperies
Explanation:
Fron the question, we are informed that a seller is under contract to sell a property using the standard offer to purchase and contract.
The seller can legally remove the draperies before the close of the transaction. It should be noted that under the NCBA/NCAR contract , all other items in the list are regarded as fixtures that are meant to remain along with the property but the draperies is not listed among them and therefore may be removed.
Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level? a) hyperinflation b) disinflation c) inflation d) reflation
Answer:
Reflation
Explanation:
The type of inflation which occurs when prices are high, then drop due to lower demand, and then are restored to a previous high level is known to be as reflation Option(d) is correct generally and actually.
What does Reflation means?Reflation is utilized to portray an arrival of costs to a past pace of expansion.
One use portrays a demonstration of invigorating the economy by expanding the cash supply or by diminishing expenses, looking to bring the economy explicitly the cost level back up to the drawn out pattern.
In this point of view, reflation, is diverged from expansion (barely talking) over the some drawn out pattern line, while reflation is a recuperation of the cost level when it has fallen beneath the pattern line.
For instance, on the off chance that expansion had been running at a 3% rate, yet for one year it tumbles to 0%, the next year would require 6% expansion (really 6.09% because of building) to get back up to the drawn out pattern. This higher than typical expansion is viewed as reflation, since it is a re-visitation of pattern, not surpassing the drawn out pattern.
This qualification is predicated on a hypothesis that financial development, where there is long haul development in the economy and cost level, is both feasible and alluring. Similarly as disinflation is viewed as an adequate remedy to high expansion, reflation is viewed as a cure to flattening.
Therefore Option(d) is correct.
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As a manager at IceCold Foods, Oscar is responsible for the firm's S'Cream brand of ice cream. He recently approved a proposal to test market new ice cream flavors. He is also considering the possibility of lowering the price of the ice cream and initiating a new advertising campaign. Oscar serves as a
Answer: Brand manager
Explanation:
From the question, we are informed that Oscar is a manager at IceCold Foods, and that he is responsible for the firm's S'Cream brand of ice cream and he recently approved a proposal to test market new ice cream flavors and also considering the possibility of lowering the price of the ice cream and initiating a new advertising campaign.
Based on the above scenario, Oscar is a brand manager. A brand manager is in charge of promoting a brand and also running different campaign and advertisement to ensure that the brand is exciting and up to date.
broker-dealer based in New York has a Net Capital requirement of $100,000. The broker-dealer also has 2 branch offices in New Jersey and 1 branch office in Connecticut. Under Uniform State Law, the Net Capital requirement for this broker-dealer is:
Answer:
$100,000
Explanation:
Data provided in the question
Net capital requirement = $100,000
Number of branch offices = 3
Based on the above information
The net capital requirement for this broker-dealer is $100,000. According to the uniform state law refers to the law in which there is uniformity or the same laws to be followed from state to state
Since the net capital is $100,000 so the same is to be considered in case of 3 branches offices as there is an existence of uniformity
As the owner of 100 shares of Megabux Corporation’s stock, Lara Sanders wants to know whether her company earned a profit or loss during the past year. She can find the answer to this by looking at Megabux’s:
Answer:
Income statement
Explanation:
A company's income statement includes all the revenues and expenses that a company incurred during a certain accounting period (monthly, quarterly, annual). It starts with the revenues and then the expenses and costs are subtracted until you find the company's net income.
A seller's current real estate tax is $1,175 per year including the homeowner's exemption. The condo is sold to a buyer for $197,500. Assuming no local assessments are added to the tax bill, what will be the buyer's real property tax bill including the homeowner's exemption
Answer:
Home owner's exemption is not the same as homestead exemption. Depending on the state that you live, homestead can be up to $50,000 of the home's value, but homeowner's exemption is generally up to $7,000 only. This means that the buyer's basis will lower by $197,500 - $7,000 = $190,500.
Assuming that the real estate tax rate is 1%, then the new tax bill (including homeowner's exemption) would be $190,500 x 1% = $1,905.
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, attract good employees, and overcome the liability of newness.
Answer: evaluate
Explanation:
St. Thomas Company is planning to issue $1,000 par value bonds. The bonds will have a coupon rate of 9.5 percent and will be sold at a market price of $980. Flotation costs will amount to 4 percent of market value. The bonds will mature in 15 years and coupon payments will be semi-annual. St. Thomas' marginal tax rate is 35%. What is the firm's cost of debt financing?
Answer:
the firm's cost of debt financing = 6.682 %
Explanation:
Given that:
St. Thomas Company is planning to issue $1,000 par value bonds.
Bond coupon rate = 9.5
which will be sold at $980
Floating cost = 1 - 4 % of the market value
The bonds will mature in 15 years and coupon payments will be semi-annual .i.e Period = 15 × 2
Marginal tax rate = 35%
The objective is to determine the firm's cost of debt financing
From the information given ; we can use the EXCEL Spreadsheet to compute the value for the cost of debt then after that we will be able to find the firm's cost of debt financing.
The following data will be inserted into the Excel function (=RATE(15*2;0.095/2 *1000;-980*(1-4%);1000) )
Future value Fv= 1000
Payment Pmt =0.095/2 *1000
number of period Nper= 15 × 2
Present value Pv= -980 × (1 - 4%)
Output = 0.051413309 [tex]\approx[/tex] 5.14%
The Screenshot of the Excel Computation is also shown in the attached file below.
Pre tax cost of debt = 2 × cost of debt
Pre tax cost of debt = 2 × 5.14% = 10.28%
FInally ;
the firm's cost of debt financing = Pre-tax cost of debt × (1 - Tax rate)
where the marginal tax rate = 35%
the firm's cost of debt financing = 10.28% × (1 - 35%)
the firm's cost of debt financing = 0.1028 ×( 1 - 0.35)
the firm's cost of debt financing = 0.1028 × 0.65
the firm's cost of debt financing =0.06682
the firm's cost of debt financing = 6.682 %
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 3 million shares of stock. Since then, you have sold an additional 2 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $4 million and would receive 2 million newly issued shares in return. Assuming that this is the venture capitalist's first investment in your firm, what percentage of the firm will the venture capitalist own?
Answer:
28.57%
Explanation:
currently total shares outstanding are:
you own 3 million sharesangel investors own 2 million sharestotal shares outstanding 5 millionif the corporation issues 2 million shares more, then the total shares outstanding would increase to 7 million.
The venture capitalist's investment in your firm would represent 2/7 = 28.57% of the firm's total shares.
Answer:
28.57%
Explanation:
Its right on the quiz
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
Answer: $7200
Explanation:
From the question, we are informed that most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,700 worth of jewelry and $6,000 worth of silverware were stolen from a family.
The amount of claim that would not be covered by the insurance will be:
= ($4,700 - 1,000) + ($6,000 - 2,500)
= $3,700 + $3,500
= $7,200
On March 1, Song Corp. receives a $100,000, 90-day, noninterest-bearing note receivable from a customer. The note has a 12% discount rate. On March 1, when Song receives the note from the customer, Song will record a
Answer:
Debit : Note Receivable $100,000 and Credit : Cash $100,000.
Explanation:
On March 1 Song Corp would measure the Note Receivable at cost as follows :
Note Receivable $100,000 (debit)
Cash $100,000 (credit)
QUESTION 1
All of the following are barriers to entering global markets EXCEPT:
A. Protectionism
B. Restrictions on trans-border data flow
C. Protection of intellectual property
D. FDA regulations on imported products
E. Cultural barriers and adaptation
Help ASAP!!!!!
Answer:
D. FDA regulations on imported products
Explanation:
The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.
With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.
Antonia's presentation will discuss the advantages and disadvantages of selling her company's product exclusively online. The most effective organizational strategy for Antonia's presentation would be by ________.
Answer:
comparison/contrast
Explanation:
The most effective organizational strategy for Antonia's presentation would be by comparison/contrast. This organizational strategy focuses on comparing all the pros and cons of choosing to go a certain route in a business decision with the pros and cons of choosing to go another route. This is what Antonia is planning to discuss with the advantages and disadvantages, but in order to convince the viewers she needs to compare this with the advantages and disadvantages of not selling exclusively online.
The town of Utopia has three gas stations. The owners of these gas stations make decisions together about when to raise or lower gas prices. It would be difficult for another gas station to enter this market. Which market structure best describes the market for gas in Utopia
Answer:
The answer is "Oligopoly"
Explanation:
The term Oligopoly is the corporate system with just a limited number of companies, which would keep some other companies for having a significant impact. It's absorption ratio that measures its highest companies ' market percentage.
In this one of the companies is now a monopoly, and two companies are a duopoly and two or more companies are also an oligopoly. It is mostly characterized by its interdependence throughout the activities of the few firms making up an industry. It is indeed important because the company tends to make little increase in demand, production, so if the competition is so few.Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which period, Lisa has taken care of it by fencing the plot and mowing the grass. If this continues, Lisa will be able to claim ownership of land based on:
Answer:
Adverse possession.
Explanation:
In this scenario, Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which period, Lisa has taken care of it by fencing the plot and mowing the grass. If this continues, Lisa will be able to claim ownership of land based on adverse possession.
In Real estate law, Adverse possession is a legal principle which allows a non-owner individual to possess a piece of land and gain title with the exclusion of the real owner, after a certain period of time.
However, the non-owner occupant must proof to the court of law meets the following requirements;
1. Continuous.
2. Hostile.
3. Open.
4. Actual.
5. Exclusive.
Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its customers. Using this information, Mauve is able to identify the individual needs of all its customers and provide tailored products and services. This scenario illustrates the concept of:
Answer:
Mass customization
Explanation:
Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.
Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .
Carlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the company estimates 2 percent of credit sales to be uncollectible. At the end of the current year, the company's unadjusted trial balance shows Accounts Receivable of $245,000 and Credit Sales of $900,000. Prepare the necessary December 31 adjusting entry by selecting the account names and dollar amounts from the drop-down menus.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $18,000 ($900,000 × 2%)
To Allowance for doubtful accounts $18,000
(Being bad debt expense for the year is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the allowance for doubtful accounts as it decrease the value of the assets
On behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, sends a written copy of the agreement to Thalia to be signed. Typically, businesspersons put their contracts in writing to
Answer: ensure proof of the contracts' existence
Explanation:
From the question, we are informed that on behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, and then sends a written copy of the agreement to Thalia which was to be signed.
The main reason why businesspersons put their contracts in writing is in order to make sure that there is a proof regarding the existence of a contract. Without duly signing a contract, it means there is no proof and this can cause a lot of havoc in the future. The signature on contracts make it legitimate.
Taylor s has a beta of .78 and a debt-to-equity ratio of .2. The market rate of return is 10.6 percent, the tax rate is 34 percent, and the risk-free rate is 1.4 percent. The pretax cost of debt is 6.1 percent. What is the firm's WACC
Answer: 7.82%
Explanation:
Given the following :
Beta (B) = 0.78
Debt to equity ratio = 0.2
Market rate of return (Rm) = 10.6% = 0.106
Tax rate (T) = 34% = 0.34
Risk free rate (Rf) = 1.4% = 0.014
Pretax cost of debt (Kd) = 6.1% = 0.061
WACC =
Cost of equity (Ke) = Rf + (Rm - Rf) * B
Ke = 0.014 + (0.106 - 0.014) * 0.78
Ke = 0.014 + (0.092)*0.78
Ke = 0.014 + 0.07176
Ke = 0.08576
Equity (E) = 1
Debt (D) = 0.2
Total volume of company's finance (V) = 1+0.2 = 1.2
WACC = (E/V)*Ke + (D/V)*(1 - T)*Kd
WACC = [(1/1.2)*0.08576] + [(0.2/1.2)*(1 -0.34)*0.061
WACC = [0.0714666 + 0.00671]
WACC = 0.0781766 = 0.0782 = 7.82%
A married man with a wife, a 10-year-old son, and a job that brings in $57,000 a year purchases life insurance. He uses the single parent method to determine how much to insure his wife's life. How much should the policy pay out
Answer:
$80,000
Explanation:
The calculation is fairly simple, just subtract the child's age from 18 = 18 - 10 = 8 years, and then multiply by $10,000.
The single parent method generally recommends that the parent that stays at home (in this case the wife) must be insured for approximately $10,000 for each year that the child needs to reach 18 and become an adult.
A mortgage-loan officer persuades unsuspecting consumers to sign up for exotic mortgages, such as "option ARMs." These mortgages offer borrowers the choice to pay less than the required interest, which is then added to the principal while the interest rate can adjust upward. Because of this setup, many borrowers are unable to repay the mortgage once the interest rates go up. Which of the following phrases best describes this scenario? (CSLO 4)
A. legal but not ethical
B. legal and ethical
C. neither legal nor ethical
D. ethical but not legal
Answer: A. legal but not ethical
Explanation: Introducing mortgage plans to consumers in other to cater for their needs by a mortgage-loan officer is not a legal crime which will be penalized by the law. However, it is an ethical obligation on the path of the mortgage-loan officer to explain the modalities attached to a certain mortgage plan to consumers, both the advantages and the demerits. In the options ARM mortgage plan, it affords consumers to pay below the interest rate on the mortgage, this short paid interest are later added to the principal and the rates increases. This may cause a lot more harm than good to consumers who do not have detailed knowledge of this particular loan process.
The likelihood of a risk event occurring during the implementation of a project goes up as the project progresses. The cost impact of these risk events also goes up as the project progresses.
a. True
b. False
Answer: True
Explanation:
Projects are carried out with the consideration that risk would definitely occur, and during the analysing phase of any project all risk that would evolve are carefully studied and proactive solutions are provided. When starting projects there is definitely a high risk due to the energy of how the work would go but careful implementation helps curb the situation.
Downtown Contractors LLC and Equipment Rental Corporation are parties to an oral agreement for a one-year lease of a crane with payments totaling more than $10,000. They may satisfy the Statute of Frauds by
Answer:
The answer is "setting out the terms in a memo".
Explanation:
Its memo tool would be a lot simpler at the top users write "Memo" regarding for the in-line, it is a Dateline, as well as a Sujet line. It usually publishes a notice as well as send inside of one's small company to relevant authorities.
The very last aspect of the note could involve a stamp mostly on the bottom of its client, but it's not necessary. Immediately sign its stamp and make the "contract" mostly on memo formally and then let the audience know from whence the document did come exactly.
A firm has current assets that could be sold for their book value of $30 million. The book value of its fixed assets is $68 million, but they could be sold for $98 million today. The firm has total debt with a book value of $48 million, but interest rate declines have caused the market value of the debt to increase to $58 million. What is this firm's market-to-book ratio
Answer:
The market-to-book value ratio = market value is to book value of the firm
= $70 : $50 (in millions)
= 7: 5
= 1.4 : 1
Explanation:
a) The book value of the firm is calculated as follows:
Current assets = $30,000
Fixed assets = 68,000
less liabilities = (48,000)
Net book value = $50,000
b) The market value of the firm is calculated as follows:
Current assets = $30,000
Fixed assets = 98,000
less liabilities = (58,000)
Net market value = $70,000
c) The market-to-book ratio is a financial metric that calculates the relationship between the market value and the book value of the firm. The market value represents what the firm's net assets are worth in the market. The book value represents the firm's net assets according to the records kept, which are usually based on the historical costs of assets and liabilities.
Under the Securities Act of 1933, if damages were incurred and there was a material misstatement or omission in the financial statements, the CPA will most likely lose the lawsuit unless:
Answer:
The CPA rebuts the allegations
Explanation:
The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission
All of the following statements are true regarding the trading of ADRs EXCEPT: A ADRs are traded on the New York Stock Exchange B ADRs are traded on the NASDAQ Stock Market C ADRs are traded on the American Stock Exchange D ADRs are traded on the Chicago Board Options Exchange
Answer:
I think the answer is b
I'm sorry if my answers isn't helping
All of the following statements are true regarding the trading of ADRs except ADRs are traded on the NASDAQ Stock Market. Thus the correct option is B.
What is the Trading of ADR?The marketable securities that are granted by banks and represent shares of non-U.S. corporations are called American Depositary Receipts (ADRs) .
ADR equities can be purchased and sold on American exchanges like the NYSE, AMEX, Nasdaq, and over-the-counter marketplaces.
In order to make global investing easier for American investors, ADRs are a type of stock security. ADR makes it possible for a shareholder to purchase these shares with the same ease as any other domestic stock.
Through the use of an impartial third party who had been selected, ADR enabled the parties to communicate. These securities were developed to make it easier for international investors to fund American businesses.
Therefore, option B is appropriate.
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who was the first human beings
Answer:
there is not first human beings but I hope this will help you
Explanation:
The earliest members of the genus Homo are Homo habilis which evolved around 2.8 million years ago. Homo habilis has been considered the first species for which there is clear evidence of the use of stone too
The balance in the Finished Goods inventory account at the beginning of the month was $79,000 and at the end of the month was $72,000. The cost of goods manufactured for the month was $361,600. The actual manufacturing overhead cost incurred was $118,400 and the manufacturing overhead cost applied to jobs was $112,000. The adjusted cost of goods sold that would appear on the income statement for July is
Answer:
Adjusted cost of goods sold $ 375,000
Explanation:
Under-absorbed overhead = Actual overhead - Absorbed overhead
= 118,400- 112,000 = 6,400
Under-absorbed overhead= 6,400
Data:
Opening inventory 79,000
cost of goods sold 361,600
under absorbed overhead 6,400
closing inventory 72,000
The income statement would as follows:
$
Opening inventory 79,000
Add cost of goods sold 361,600
Add under absorbed overhead 6,400
less closing inventory (72,000)
Adjusted cost of goods 375,000
Note the under absorbed overhead implies that the cost of manufactured reported before the adjustment for the under-absorbed overhead is under cost and charged. To correct this the under absorbed overheard figure is added back.