Answer:
Job order costing is useful for determining if a job is profitable. It helps the company make estimates about the value of materials, labor, and overhead that will be spent while doing that particular job
Explanation:
Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally would because she is ______ price sensitive when sharing the cost.
Amy ordering more expensive foods and deciding to share the bill means
she is less price sensitive .
Less sensitivity of price usually occurs when there aren't available
substitutes for a particular product. Amy and Jude visits the restaurant for
lunch in which the price here is always fixed with no alternatives.
This makes Amy order the food regardless despite the idea of sharing the
cost with the other party. This thereby means that she is less sensitive to the
price when sharing the cost.
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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:
Answer:
Cash for $475 and Credit Card Expense for $25
Explanation:
Cash for $475 and Credit Card Expense for $25
Ahmed wants to open a small business selling custom bikes, and is looking at ways of raising money. He owns his own house and is considering acquiring a second mortgage. He is also speaking to his bank about a loan and is looking at crowd-funding sites, as he thinks his product is innovative and could attract investors.
- Assess a mortgage, a loan and crowd-funding as sources of finance for Ahmed.
Explanation:
Mortgages (Pros & Cons)
Defintion-
These are long-term loans, normally around 25 years, that are secured against specific asset, for example a building
Interest will be payable on the mortgage
Pros-
Large amounts of finance can be raise and repaid over a prolonged period of time
Ownership or control is not lost
Cons-
Interest is charged on the amount borrowed
Interest rates can fluctuate
Often secured against an asset which can be seized if repayments are missed
Interest has to be paid regardless of whether a profit is being made
Not suitable for small amounts or as a short-term source of finance .
Monica has created her own cleaning solution. Monica's friends encourage her to sell the cleaning solution; they think it is so fantastic they believe Monica will make a lot of money on it. They encourage Monica to apply for a patent on the cleaning solution formula so that no one can copy it, and so Monica will be the only one who can sell it. Monica likes the idea of making a lot of money but knows she will have to reveal her formula to obtain a patent, otherwise she would have to keep it a trade secret. If Monica decides to apply for and receives a patent on the cleaning solution: __________
If Monica decides to apply for and receive a patent on the cleaning solution, she must disclose the formula, but she has the exclusive right to make and sell it for twenty years.
This solution is based on US patent law, which seeks to encourage inventors to develop new technologies under the exclusive right of use for a limited time.
Patent law specifies a period of 20 years for the use of exclusive patent rights, which period may be extended if requested.
Therefore, if Monica decides to apply for and receive a patent on the cleaning solution, she will be able to make, use, sell and import her invention with the right to exclude others.
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how is self employment an alternative to large scale industries?
Answer:
The self-employment involving activities on a small-scale is a good alternative to large scale business which has brought various evils like environmental pollution, development of slums, exploitation of workers, and so on. In self-employment there is no limit of earnings as is the case with wage employment.
even though firms in competitive price-searcher markets do not produce at minimum atc, competitive price-searcher markets may still be consistent with economic efficiency because
Firms are known to be free to set price and also to face strong competitive pressure. Competitive price-searcher markets may still be consistent with economic efficiency because they provide consumers with a greater diversity of products.
Firms in competitive price-searcher markets that has a small entry obstacles often face a downward sloping demand curve. Competition often exists from existing firms and new rivals.
Firms that exist in a perfectly competitive market are known to be price takers due to the fact that once the market determines an equilibrium price for the product, firms need to accept the stated price.
For an individual to sell a product in a perfectly competitive market, one must just be happy with the price.
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PLEASE HELP
Jane is applying for a job at an in-store job kiosk. What is a benefit of applying for a job this way?
A. Jane can print the application to complete at home.
B. Jane can search for current job openings at the store.
C. Jane can start the application and then come back the next day to complete it.
D. Jane will need home computer access to finish the application.
Answer:
The answer is B
Explanation:
Jane is at the store and can see the job openings.
A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The amount received for the bonds will be
Answer:
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Lanie tells her sales manager that she will be devoting more effort to ____ in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.
Lanie tells her sales manager that she will be devoting more effort to prospecting in the coming weeks, as her list of potential customers has dwindled below the level of 30 firms recommended by the selling plan.
Prospecting in sales is when a potential customer is being targeted before converting to an opportunity. It is the first step in sales process which entails creating sales opportunities.
Every businesses, firms, organizations usually have what is called selling plan, which is a tool in helping business succeed in sales. It helps to benchmark where an organization is and where they wish to be and then make adjustments to achieve their goals.
The selling plan is what will guide Lanie so that she would be able to achieve her sales prospect and then possibly convert them to opportunities inorder to meet her target.
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I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.
Hello student
Answer:
Tailor is tertiary activity of economy
Explanation:
because it makes service not manufacturing goods and items.
Which programs carry out repetitive tasks and can be programmed to make decisions based on specified conditions
Based on Machine technology fundamentals, the programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions are "Intelligent agents."
This is because Intelligent Agents is designed to carry out certain functions according to its environment, user input, and experiences.
Intelligent agents is designed with the capability to carry out or gather information on their own.
It can also be programmed to work at a specific time or when the user asks in real-time.
There are various types of Intelligent Agents. Some of these intelligent agents include the following:
Simple Reflex Agents;Model-Based Reflex Agents;Goal-Based Agents;Utility-Based Agents;Learning Agent;Hence, in this case, it is concluded that the correct answer is Intelligent Agents.
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When you put money into a checking account, you fill out a
signature card
reconciliation form
deposit slip
bank statement
Answer:
I believe it's deposit slip.
Explanation:
A deposit slip gives the bank the information it needs, in order to handle your money properly.
Hope this helps :)
what is the relationship between the average inventory and the in-stock probability?
Answer:
the relationship is that the more inventory there is the higher the stock-in probability
Carina's job is to find new customers for her company's telecommunication services. She encourages existing customers to add more services and finds customers who are completely new to the company. Carina would best be classified as a(n)
For Carina, whose job is to find new customers for her company's telecommunication services and who also encourages existing customers to add more services and find customers who are completely new to the company, we can classify her as an Order Getter.
An order getter is a salesperson who actively engages customers and persuades them to purchase the goods that she is offering. This can be seen in the case of Carina.
She does not just take orders, rather, she encourages her customers to make purchases and refer others.
Therefore, Carina can be said to be an Order Getter.
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Eight years ago, Ian invested in Rayje Clothiers. He purchased five par value $1,000 bonds issued by Rayje Clothiers at a market value of 94. 956, each of which yields interest of 7. 5%. Ian also bought 250 shares of Rayje Clothiers stock at $17. 22 apiece. Bonds from Rayje Clothiers yield interest of 7. 5%, and stock from Rayje Clothiers yields dividends of $1. 09 yearly. Today, Rayje Clothiers bonds have a market value of 108. 224 and Rayje Clothiers stock sells for $19. 96 per share. If Ian liquidates his portfolio and sells off all of his investments, which aspect of his investment in Rayje Clothiers will yield the greater total profit, and how much greater will it be? a. The bonds yielded $820. 00 more in profits than the stocks. B. The bonds yielded $798. 40 more in profits than the stocks. C. The stocks yielded $21. 60 more in profits than the bonds. D. The stocks yielded $242. 20 more in profits than the bonds.
Answer:
what are tow main reasons that force people travel?
Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website
The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.
The issue is that there is disconnection between what the customers see and what they get.
In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.
Then he has to effect the required changes by creating a connection between what his customers see and what they get.
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which best describes how raytheon creates value for its customers?
Raytheon was known to create a customized solutions by connecting with customers directly and understanding their unique needs. The best description of how Raytheon creates value for its customers is that Raytheon offers bespoke solutions for their needs
Value creation for customers entails giving them good and essential products and services that the customers will find worthy of their time, energy and money.
A customers find value in .product or service that benefits their need rather than its cost.
To add value to customers, one must:
Offer discounts..Gratitude and gifts for cooperation.
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If your liquid assets equal $15,000 and your total current debts equal $50,000, your liquidity ratio is:
the stock price of ajax inc. is currently $105. the stock price a year from now will be either $130 or $90 with equal probabilities. the interest rate at which investors can borrow is 10%. using the binomial opm, the value of a call option with an exercise price of $110 and an expiration date 1 year from now should be worth __________ today.
Answer:
the linkers be like I got you.
Well-defined property rights, low transaction costs, and resources that naturally gravitate toward the highest-valued function describe the theorem.
The Coase therom.
Explanation:
The well-defined property rights, resources that inevitably drift toward the highest-valued function, and low transaction costs, are all defined by the Coase theorem.
What is the Coase theorem?The Coase theorem in law and economics describes the economic effectiveness of a financial decision or results in the presence of externalities. According to the theory, regardless of how property is initially distributed, bargaining will result in a Pareto optimal solution if trade in an externality is feasible and transaction costs are sufficiently low.
In reality, Coasean negotiation may be hindered by roadblocks or vaguely defined property rights. Commonly credited to Nobel Prize winner Ronald Coase is this "theorem."
Ronald Coase won the 1991 Nobel Memorial Prize in Economic Sciences for this 1960 study and his 1937 paper on the nature of business.
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how is economy affected by wise consumers?
Consumer spending affects the economy, even a slight reduction could damage the economy.
Consumer spending is the amount of money spent by individuals and houses on the final goods or services for personal use in an economy. This includes all types of goods whether durable or non-durable goods.
When the spending is reduced by the final consumer, it would result in the following:
The demand for goods decreasesBusinesses to go bankruptWorkers laid offTaxes to reduce
The government would then have to rely on the following:
ExportsBorrowings
Ultimately, the growth of the economy would slow down. And if this continues then the economy would contract.
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2. A company has the following liabilities as of December 31: Accounts payable $150,000 Notes payable (current portion) 217,000 Salaries and wages payable 55,000 Installment notes payable 1,140,000 Interest payable 32,000 Payroll taxes payable 15,500 What is the amount of total current liabilities reported on the balance sheet
The amount of total current liabilities reported on the balance sheet equals $469,500.
Current liabilities entails set of amount or responsibility owed within an accounting period.
Particulars Amount
Accounts payable $150,000
Notes payable (current portion) $217,000
Salaries and wage payable $55,000
Interest payable $32,000
Payroll taxes payable $15,500
Total current liabilities $469,500
Therefore, the amount of total current liabilities reported on the balance sheet equals $469,500.
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If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled:
If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled: FOB Houston.
FOB which full meaning is freight on board means that the seller has shipped the goods to the buyer.
Hence, the seller is no longer in the possession of the goods but the buyer because the transfer of ownership has taken place from the seller to the buyer.
In this case the buyer is responsible for any costs or damages that occur during shipping because the goods are now in the control of the buyer.
Based on the information given since the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled FOB Houston as the buyer is located in Houston.
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In a small economy, gross investment is $1,500, consumption spending is $6,000, net investment is $200, government purchases are $1,500, exports are $2,000 and imports are $1,000. What is GDP for this economy
timia needs some cash in a hurry. she owns her car outright and is considering a title loan. the lender has told timia that she could borrow $1750 for 1 month and the fee would be $140. what is the apr on timia’s loan? assume 12 equal months.
The annual percentage rate on Timia's loan can be calculated using the percentage interest formula. Hence, the APR on her loan is 96%
Recall :
Simple interest = principal × rate × time Principal = $1750Interest = $140Time = 1 month = 1/12 = 0.083333Plugging the values into the equation :
140 = 1750 × rate × 0.0833333
140 = 145.83333 × rate
Rate = 140 ÷ 145.83333
Rate = 0.96
He, the annual percentage rate on the loan is 96%
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When aggregate demand falls, to avoid a(n) and return to the long-run equilibrium, we must increase aggregate demand.
Answer:recession or contraction
Explanation:
chevron placed an ad with copy reading protecting the planet is everyones job we agree that encouraged consumers to use renewable energy which type of advertising was chevroon using
The type of advertising used by Chevroon that encouraged consumers to use renewable energy was Call-to-action marketing, which refers to using phrases that create a sense of urgency and drive consumers to action.
The Call-to-action (CTA) marketing strategy can be understood as a direction to action, that is, the organization will encourage the consumer to act in a certain way according to its advertising.
Some examples of CTA can be through the use of some jargon such as:
Read more.Buy now.Protect the planet.Therefore, this is a strategy that an organization uses to convert sales, attract and retain consumers, through incentives for the consumer to perform an action.
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Which of the following is widely accepted as a method of payment?
A. Free exchange of ideas
B. Deferred payments
C. Medium exchange of money
D. None of these
Answer:
C
Explanation:
which is a legal tender and it's generally acceptable
The president is responsible for the communication and ongoing relationship between America and other nations of the world. This is known as _____.
checks and balances
diplomatic relations
fiscal responsibility
accountability
Answer:
B. Diplomatic Relations
Explanation:
Anything involving peaceful relationships and communications between multiple countries is diplomatic relations
Anusha brings a $20 bill to the store. She purchases 4 pairs of socks for $2. 25 each and a new belt for $7. 50. How much change will Anusha receive when she pays for her clothes? $3. 50 $7. 50 $9. 00 $16. 50.
Answer:
£3.50
Explanation:
4 times 2 = 8
0.25 times 4 = 1
20 - 8 - 1 - 7.50 = 3.50