Answer: A. Someone who buys good or services.
Explanation: Consumers are those who consume the product provided by manufacturers.
Allied Parts was organized on May 1, 2013 and made its first purchase of merchandise on May 3. The purchase was for 1,500 units at a price of $11 per unit. On May 5 Allied Parts sold 900 of the units for $15 per unit to Baker Co. Terms of the sale were 2/10 n/60. a. On May 7, Baker returns 315 units because they did not fit the customers needs. Allied Parts restores the units to its inventory. b. On May 8, Baker discovers that 75 units are damaged but are still of some use and therefore, keeps the units. Allied Parts sends Baker a credit memorandum for $525 to compensate for the damage. c. On May 15, Baker discovers that 50 units are the wrong color. Baker keeps 54 of these units because Allied Parts sends a $110 credit memorandum to compensate. Baker returns the remaining 36 units to Allied Parts. Allied Parts restores the 36 returned units to its inventory.
Answer:
the requirements are missing, so I looked for them on similar questions. Journal entries need to be recorded regarding all the transactions with Baker Co.:
May 5, 2013, 900 units sold to Baker Co., credit terms 2/10 n/60
Dr Accounts receivable 13,500
Cr Sales revenue 13,500
Dr Cost of goods sold 9,900
Cr Inventory 9,900
a. May 7, 2013, Baker returns 315 units
Dr Sales returns and allowances 4,725
Cr Accounts receivable 4,725
Dr Inventory 3,465
Cr Cost of goods sold 3,465
b. May 8, 2013, sales allowance given to Baker to compensate damaged units
Dr Sales returns and allowances 525
Cr Accounts receivable 525
c. May 15, 2013, sales allowance given to Baker to compensate wrong color of 14 units
Dr Sales returns and allowances 110
Cr Accounts receivable 110
May 15, 2013, Baker returns 36 units
Dr Sales returns and allowances 540
Cr Accounts receivable 540
Dr Inventory 396
Cr Cost of goods sold 396
In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months ago. he told his sales manager, " i’ll pay up before the irs catches up with me." what risks does emerald face by not upholding his responsibility for the collection and payment of employment taxes? is this ethical if he indeed does pay before he gets caught? why or why not?
The correct answer to this open question is the following.
No, it is not ethical.
The risks that Emerald faces by not upholding his responsibility for the collection and payment of employment taxes is that, first of all, this is not correct. He has an obligation, a moral and a fiscal obligation to report on time the employment taxes. That is why his actions are not ethical although he indeed does pay before he gets caught. That decision could be a business decision to buy some time and trying t fix other problems, but a true leader does not need to cover things with wrongdoings. What can of example is he showing to his employees?
Later on, on another occasion, he won't have the moral authority to demand ethical behavior from his employees. He is not setting an example.
An increase in the price of peanut butter will:
a. Cause the demand curve for jelly to shift to the left.
b. Cause the demand curve for jelly to shift to the right.
Oc. Cause the demand curve for peanut butter to shift to the right.
Od. Cause the demand curve for peanut butter to shift to the left.
Answer:
a. Cause the demand curve for jelly to shift to the left.
Explanation:
Peanut butter and jelly are complementary goods. These are products manufactured and sold independently but used together. Complimentary goods give higher utility to customers when used in conjunction.
Complementary goods have a joint demand. If the demand for one product increases, demand for the other good also rises. An increase in the price of butter results in a reduction in its demand. The demand for butter will experience movement along the demand curve.
Jelly will also experience reduced demand as a result of a decline in the demand for peanut butter. Because the reduced demand for jelly is for reasons other than a price change, the demand curve for jelly shifts to the left.
If there is an increase in the price of peanut butter, this will b. Cause the demand curve for jelly to shift to the right.
Relationship between Peanut butter and jelly. They are known as complementary goods. They are used together so price changes to either will affect the other as well.With the price of peanut butter increasing, less people will want to buy it. Those people who don't want to buy it will also not want to buy jelly which would lead to the demand curve for jelly shifting left.
In conclusion, option B is correct.
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The ABC Cleaning Company is assessing the value of its tangible and intangible assets. Its intangible assets would most likely include their _____.
Answer:
Intangible assets might include: A trademark, a patent, copyright, or even a brand.
John Jacobson entered into a contract with Spring Water Drilling, Corp to drill and install a spring well system that would produce a specified quantity of water each month. After the system was installed, it was unable to meet the water volume production level specified in the contract. Jacobson has initiated a lawsuit against Spring Water. Would this dispute be resolved using the Uniform Commercial Code?
Answer:
UCC rules apply for transactions involving goods, banking and loans. It does not include real estate transactions, employment transactions nor service transactions.
In this case, Jacobson engaged in a contract with Spring Water and that contract involved the performance of a drilling and installation service. The key aspect here is that Spring Water is not selling a spring well, it is drilling one.
Services are not covered by UCC rules, therefore, this dispute cannot be resolved using the UCC.
One of the roles of the US government is to ensure that the country is financially stable. Which of the following is the term for the government’s power to spend and tax? Select one: a. Fiscal policy b. National debt c. Expansionary policy d. Contractionary policy
Answer:
Fiscal policy
Explanation:
Fiscal policy refers to the actions of governments of adjusting taxation and spending to influence economic direction. The governments aim at maintaining stable prices and steady economic growth. Though several agencies, the state monitors economic indicators and adjusts its spending and taxation accordingly.
The fiscal policy combines with monetary policy to achieve the desired effects. In times of recessions, fiscal policy is used to stimulate economic growth.
You are a consultant helping to turn around a factory that hasn't adapted to modern manufacturing standards. They receive several truckloads of raw materials each day, which are recorded by hand in a logbook kept at the loading dock. Each of the salesmen keeps a running tally of orders and files them in the sales office. The deliveries are made once a truck is filled. What aspects of this factory can be significantly improved by introducing an EPR (enterprise resource planning) system?
environmental management
sales and revenue
human resource management
equipment maintenance
Answer:
use of modern technology
Explanation:
to make work and tallying
easy
Answer:Sales and revenue
Explanation:
This is standard business marketing
What does the term “smalling up” mean, according to white? What ways have you or people you know had to “small up”? If you haven’t, what ways could you?
Instead of buying what she would normally buy White purchased a smaller item and would save money over time to eventually make a higher purchase. I normally buy starbucks but now I make coffee at home and save that money to buy a car.
As the term “smalling up” mean, according to white to make the amount as the way that they spend their money.
What are white people?Greco-Roman archaeology and other historical or historical texts occasionally refer to inhabitants as "White" in relation to their skin tone, predating this idea, but these cultures had no concept of a White or pan-European race. In the latter seventeenth century, the phrase "White race" or "White people," which refers to their pale complexion among several other physical traits, reached the major European languages.
White mentions "smalling up," which is steering clear of things you don't need to save money, and "bridgework," which entails accepting employment that may under your skill level or pay grade. White made a smaller expenditure than she would have ordinarily done in order to save money for a larger one in the future.
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Smokers impose negative externalities on nonsmokers. Suppose the airspace in a restaurant is a resource owned by the
restaurant owner.
a. How would the owner respond to the negative externality caused by smokers?
b. Suppose smokers own the airspace. How would that change matters?
c. If the government gives ownership of the air to nonsmokers, would that change matters? Explain your answer.
d. What does a ban on smoking in the restaurant do?
Cameron's job is to look over the every department in the company to
make sure the company is running effectively. What is Cameron's career?
Chief Financial Officer
O Chief Executive Officer
Chief Execution Officer
O Chief Focal Officer
Answer:
O Chief Executive Officer
Explanation:
The chief executive officer, commonly abbreviated as CEO, is the most senior officer in a company or an organization. The CEO is responsible for creating and implementing the organization's strategic goals. He or she plans, incorporates, and steers all business units and departments in the desired direction.
The CEO is responsible for the overall prosperity of the company. He or she is tasked with making top-level managerial decisions on behalf of the organization.
Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and identify potential markets besides the public education systems. What is the order it should follow to take in the market targeting process?
Answer: B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
Explanation:
The options for the question are:
A) research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
C) profile target customer segment, identify business needs, segment total market, research and validate marketing opportunity
Market targeting simply has to do with selecting target market from whole market and it should be noted that target market are the people that company or organization wants to satisfy.
In the scenario above, the first thing is to identify business needs. Every successful company has to identify its business needs. After then, market segmentation takes place and this is when potential customers are being divided into segments or groups as a result of the features they possess like location and interests.
After then, the target customer segment are being profiled. This is done in order to know more about the customers and to also tailor the products towards the requirements of the segments. Lastly, the marketing opportunity is being researced and validated.
A.J. And April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA counselor's warnings about the importance of having balanced experience, that is, marketing, finance, and personnel experience in the computer-store business because
Answer: about two out of three small firms close within five years of their founding
Explanation:
According to a research that was done, it was found that out of three small firms, two close within the first five years they were established.
The reasons that were said to have caused this failure were funding challenges, faulty business model, inadequate management team and marketing initiatives that were unsuccessful.
Therefore, small business owners sgoutd try as much as possible to curtail risks that could possibly lead to the downfall of the business and also make sure the consumers are willing to purchase the product at the price given and that the product satisfies their needs.
Question 7
1 pts
The Cracked Pot Potteryware company decided to sell its coffee mugs
in the local espresso shops. What type of marketing decision was this?
A. price
B. place
C. promotion
D. product
Answer:
D product
Explanation:
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When people are injured in a car accident, they need an auto insurance representative to help them
A.file a claim
B.prepare a lawsuit
C.arrange for physical therapy
D.find a policy
Answer:
im pretty sure its A. file a claim
Explanation:
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $3.50 , and the equilibrium quantity is 29.0 . When the price is $11.75 , the quantity supplied of motorcycles is 57.0 and the quantity supplied of pancakes is 111.0 . For simplicity of analysis, the demand for both goods is the same.
Answer:
a. 1.08
b. Supply in the market for motorcycles is less elastic than supply in the market for pancakes.
Explanation:
Note: This question is not complete. The complete question is therefore provide before answering the question as follows:
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $3.50 , and the equilibrium quantity is 29.0 . When the price is $11.75 , the quantity supplied of motorcycles is 57.0 and the quantity supplied of pancakes is 111.0 . For simplicity of analysis, the demand for both goods is the same.
a. Using the midpoint formula, calculate the elasticity of supply for pancakes? Please round to two decimal places.
b. Supply in the market for motorcycles is:
o. less elastic than supply in the market for pancakes.
o. More elastic than supply in the market for pancakes.
o. There is no enough information to tell which will have a higher elasticity.
o. The same elasticity as supply in the market for pancakes.
The explanation to the answers is now given as follows:
a. Using the midpoint formula, calculate the elasticity of supply for pancakes? Please round to two decimal places.
The elasticity of supply for pancakes can be calculated as follows:
Percentage change in quantity of pancakes supplied = ((New supply - Old supply) / ((New supply + Old supply) / 2)) * 100 = ((111 - 29) / ((111 + 29) / 2)) * 100 = 117.142857142857%
Percentage change in price of pancakes = ((New price - Old price) / ((New price + Old price) / 2)) * 100 = ((11.75 - 3.5) / ((11.75 + 3.5) / 2)) * 100 = 108.196721311475%
Therefore, we have:
Elasticity of supply of pancakes = Percentage change in quantity of pancakes supplied / Percentage change in price of pancakes = 117.142857142857% / 108.196721311475% = 1.08268398268398 = 1.08
Therefore, the elasticity of supply of pancakes is about 1.08. Note that since the price elasticity of demand of about 1.08 is greater than 1, it implies that the relationship between the quantity supplied and the price of pancakes is elastic.
b. Supply in the market for motorcycles is:
This can be determined by calculating the elasticity of supply for motorcycles and compare it with that of pancakes follows:
Percentage change in quantity of motorcycles supplied = ((New supply - Old supply) / ((New supply + Old supply) / 2)) * 100 = ((57 - 29) / ((57 + 29) / 2)) * 100 = 65.1162790697674%
Percentage change in price of motorcycles = ((New price - Old price) / ((New price + Old price) / 2)) * 100 = ((11.75 - 3.5) / ((11.75 + 3.5) / 2)) * 100 = 108.196721311475%
Therefore, we have:
Elasticity of supply for motorcycles = Percentage change in quantity of motorcycles supplied / Percentage change in price of motorcycles = 65.1162790697674% / 108.196721311475% = 0.601832276250881 = 0.60
Therefore, the elasticity of supply of motorcycles is about 0.60. Note that since the price elasticity of demand of about 0.60 is less than 1, it implies that the relationship between the quantity supplied and the price of motorcycles is inelastic.
Conclusion:
Based on the calculation above, supply in the market for motorcycles is less elastic than supply in the market for pancakes.
The reason is that the relationship between the quantity supplied and the price of pancakes is elastic but the relationship between the quantity supplied and the price of motorcycles is inelastic.
Discussion Question 1-9 (LO. 4) The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: Organization/Company Offer Proposed Use The State's Department of Public Safety (DPS) $2.3 million New state highway patrol barracks The Second Baptist Church $2.2 million Start a church school Baker Motors $2.1 million Open a car dealership If you are the financial adviser for the school district, which offer would be probably be preferable from a long-term financial standpoint? would probably be preferable since it would be subject to ad valorem taxes.
Answer:
The Adams Independent School District
Preferable offer for the sale of a parcel of unimproved land:
Baker Motors $2.1 million to open a car dealership
Explanation:
a) Data:
Organization/Company Offer Proposed Use
The State's Department
of Public Safety (DPS) $2.3 million New state highway patrol barracks
The Second Baptist
Church $2.2 million Start a church school
Baker Motors $2.1 million Open a car dealership
b) From a long-term perspective, the probably preferable offer is the Baker Motors $2.1 million to open a car dealership. It is a business whose sales will be subject to ad valorem taxes, which will yield income for the local and state governments, who fund the School District.
Job satisfaction can be lost for all of the following reasons EXCEPT:
a.
Lack of opportunities for promotion
b.
Bickering with co-workers
c.
Being recognized for a job well done
d.
Having little or no say in decisions that affect you
Answer:
Being recognized for a job well done
Explanation:
when CEO robert nardell took over home depot in 2000, there was central control. store managers acted independently and costs were higher than competitors like lowes. nardell changed the culture to focus on central control and cutting costs. to control costs, store managers were not allowed to choose products for local customers. employees os their customer-focused attitudes, and customer service suffered. to repair this , the next CEO, frank blake , sought to restore the "orange apron" culture. what does this example best illustrate?
Answer:
corporate culture is chosen by senior management in middle managers and employees have little control over it
Explanation:
I believe this is the answer because based off what it said the employees and managers were not allowed to choose products
tutor can be inexpensive or possibly free t or f
Answer:
T true on e2020
Explanation:
Answer:
True
Explanation:
I took the test and got a 100%
Prepare a net worth statement for Ben Lingo based on this information: He owns a car worth $2,000, but owes $1,500 on it at the bank. Ben has $150 in his savings and $82 in his checking account. His personal property inventory totals $1,200, and he also owes $80 to his credit union.
Answer:
Ben Lingo's Net Worth Statement:
Assets:
Cash $82
Savings $150
Car $2,000
Inventory $1,200
Total Assets = $3,432
Liabilities:
Car loan $1,500
Credit Union loan $80
Total Liabilities = $1,580
Net Worth = Total Assets - Total Liabilities
= $3,432 - $1,580
= $1,852
Please help me answer the questions
Why is it critical to get the price "right" on a new product?
Answer:
Since the product is new, the consumers wouldn't have any method to compare the price with the ones that created by other companies. This created a situation that make the consumers doubt whether they make a correct economic decisions if they purchase the product.
This is why it's important to get the price 'right'.
The company need to ensure that the price represent more value for Consumers compared to the money that they have to sacrifice to obtain it.
What are the opportunities of an entrepreneur
Which line of code will print I like to code on the screen?
O print("I like to code")
O print (I like to code)
O print("I LIKE TO CODE")
Oprint = I like to code
Helppp pleaseee
Answer:
the first one I think I'm not 100% sure tho
Answer:
O print(I like to code)
Explanation:
I do not know if it is correct though.
Compare and contrast the benefits associated with market and command economies
How might mixed economy acquire similar benefits?
Answer:
A mixed economic system has features of both a command and a free-market system.because it is partly controlled by the government and partly based on the forces of supply and demand. Most of the main economies in the world are now mixed economies, which operate under a combination of socialism and capitalism, and governments in most mixed economies use fiscal or monetary policies to stimulate growth during economic slowdowns. This may come in the form of corporate bailouts, changes in interest rates, or other stimulus packages.
4. An entrepreneur makes a part used in the auto industry that he sells for $2.65 each Yearly sales of
this part have been 20,400 a year for the last three years. The customer has cut production and has
reduced its purchase of these parts by 35 percent. How much yearly revenue will the entrepreneur
lose as a result?
Answer:
$18,921
Explanation:
The price per part is $2.65.
yearly sales have been 20,400 units.
Production has been cut by 35%; the entrepreneur will sell less than 20,400 units.
new sales volume will 20,400- (35% of 20,400)
=20,400 units- 7,140 units
=13, 260 units
Sales will decrease by 7,140 units. in Monetary value, the reduction will be
=7140units x $2.65
=$18,921
Revenue lost = $18,921
Select the qualification that is best demonstrated in each example. Clyde explains the equipment installation process to a customer. Meredith picks up a heavy stereo and puts it in place on a shelf. Brittney figures out what is wrong with a phone line that is not working.
Answer:
D, A, D
Explanation:
dad lol
Answer:
D
A
D
Explanation:
your welcome
who likes this hair style ii think imma get it?
Requires a medical diagnosis
People with hyperopia must squint to see nearby objects. Reading, writing, computer work or drawing for long periods of time may cause eye strain and headache.
Which margin is at the very bottom of the page when printing worksheets?
top margin
bottom margin
header margin
footer margin
Answer:
Footer Margin
Explanation:
Just took this :)
Answer:
Footer Margin
Explanation:
What aspects of managing your account were probably more difficult before online banking was available?
Answer:
One of the main advantages of online banking is that you can access information about your account immediately and from anywhere. Before online accounts were available, you had to go to a bank or ATM on some specific cases if you wanted to carry out any type of transaction, e.g. pay a service or transfer money. Online accounts make it less likely for a person to go to a bank, e.g. in order to get a loan, I did it all online, I didn't even need to go to the bank.
Phishing, Identity Theft, Keylogging, and Pharming were arguably more difficult aspects of maintaining your account before internet banking was available.
Online bankingOnline banking, often called the internet banking, online banking, or home banking, is just an electronic account that allows bank or other commercial bank customers to execute a variety of financial transactions through the institution's website.
Prior to the availability of online banking, managing the account was undoubtedly more complex. Aspects are as follows:
PhishingIdentity TheftKeyloggingPharmingFind out more information about online banking here:
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