The given scenario where a group of consumers is given different at-home exercise equipment and are asked to use them for six months and record in a journal their level of satisfaction with each product, noting what they liked and/or disliked about each is an example of using Panel Data.
Therefore, the correct option among the given alternatives in the multiple-choice question is an option, "Panel Data."
What is Panel Data?
Panel data is the data gathered over time for the same group of individuals or entities. This type of data is known as longitudinal data or cross-sectional time-series data. Because this kind of data offers both cross-sectional and time-series data, it is sometimes known as balanced panel data or longitudinal panel data. Panel data are a type of research data that is compiled by observing the same units over time. A panel data analysis is useful when the units of observation do not share the same constant characteristics over time.
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When there is a change in the estimated useful life of a depreciable asset, the accountant would: a. Calculate the change and apply it to all years-restating the previous years' financial statements as needed b. Calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements C. Calculate the change and apply it retrospectively-restating the previous years' financial statements as needed d. Calculate the change and record a one-time adjusting journal entry-debiting depreciation expense and crediting accumulated depreciation . A company owns a press that has a book value of $3,450. The asset is sold to a scrap dealer for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. When recording the entry, the accountant would record: a. A gain of $450 b. A gain of $2,450 C. A loss of $2,450 d. A loss of $450 Regarding a company's cost of capital, which statement is false: a. The cost of capital is the cost a company bears to obtain external financing b. Debt financing is the after-tax cost of borrowing money c. Equity financing is the cost investors expect when purchasing shares of stock d. The cost of capital is critical because it determines which long-term projects are profitable to undertake The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as: The weighted average cost of capital b. The debt to equity ratio c. The quick ratio d. The weighted average of debt to equity financing Goods acquired for use in the production of income are: a. Inventory b. Raw Materials c. Assets d. All of the above Goods held for sale in the normal course of business: Are called Inventory b. Are valued at market unless the historic cost is less c. Are listed as current assets which must be disposed of after 12 months d. Must be counted each month in order to determine the cost of goods sold D. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as: a. An unethical smoothing of financial information b. A perpetual inventory system c. A periodic inventory system d. The basis for a qualified opinion by the external auditor . Maintaining inventory records in the accounting system and recording purchases to an inventory account would indicate a company has: a. Ethical business transactions b. A perpetual inventory system c. A periodic inventory system d. An unqualified opinion from the external auditor Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to: a. Record the cost of remaining A6745 products to an inventory allowance account Dispose of product A6745 and record the cost against comprehensive income in the Equity section of the balance sheet b. Record the difference between the original selling price and the new discounted selling price to a discounts and allowance account using the Gross method d. Write down the inventory value to $0 and give the A6745 products away. LIFO layers are created in ending inventory when: The number of units purchased exceeds the number of units sold b. The number of units sold exceeds the number of units purchased The number of units sold equals the number of units purchased C. d. The number of units purchased less the number of units sold exceeds the marketing forecast for unit sales in the next 12 months. An advantage of LIFO is: a. The ending inventory balance agrees closely with current replacement cost b. There is a matching of current costs with current revenues c. LIFO liquidation can result in greatly decreased tax payments when inventory levels decline Inventory costs usually correspond with the physical flow of goods When considering Lower of Cost or Market, market is generally considered to be: a. The original price paid on the open market for inventory b. The replacement cost of inventory c. The net realizable value of inventory less a normal profit margin The net realizable value of inventory The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the: a. Replacement cost b. Market C. Floor d. Ceiling
When there is a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements. The correct option is B.
Calculation and application of change in estimated useful life of a depreciable asset.The change in the estimated useful life of a depreciable asset can impact the calculation of depreciation and change the amount of depreciation in the books. In the case of a change in the estimated useful life of a depreciable asset, the accountant would calculate the change and apply it prospectively-making footnote disclosures if the change materially impacts the financial statements.Recording the entry for selling an asset.
When an asset is sold, a gain or loss is recorded based on the sale price of the asset. In the given scenario, the press has a book value of $3,450 and is sold for $1,000 cash. The scrap dealer also gives the company spare parts worth $2,000 that can be used to repair its other fabrication equipment. The total proceeds of the sale amount to $3,000 ($1,000 cash + $2,000 worth of spare parts).The loss on the sale of the asset is calculated as follows:Loss on sale of the asset = Book value of the asset - Proceeds from the sale= $3,450 - $3,000= $450. Hence, the accountant would record a loss of $450.The false statement regarding a company's cost of capital is:The cost of capital is the cost a company bears to obtain external financing is a false statement. The correct statement is The cost of capital is the cost of financing a company's operations, including both equity and debt financing.Weighted Average Cost of Capital (WACC)The average of the cost of debt and equity financing weighted by the proportion of each type of financing is referred to as the weighted average cost of capital.Inventory and goods held for sale:Goods acquired for use in the production of income are assets. Goods held for sale in the normal course of business are called inventory. Periodic inventory system. When the seller of merchandise has no idea how many items have been sold and must perform a periodic inventory count to verify what inventory items have sold, we refer to this as a periodic inventory system. A perpetual inventory system, on the other hand, maintains a continuous record of inventory levels.Write down of inventory value Bears R Us Inc. has recently ceased manufacturing product A6745 and replaced it with product A7463 due to technological improvements. Sales of A6745 have dropped considerably in the last quarter. Bears R Us uses a perpetual inventory system. The appropriate accounting treatment would be to record the cost of remaining A6745 products to an inventory allowance account. LIFO layers are created in ending inventory when the number of units sold exceeds the number of units purchased. This results in a reduction of the inventory layers and may affect the cost of goods sold and gross margin of the company. Advantage of LIFO; An advantage of LIFO is that there is a matching of current costs with current revenues.Lower of Cost or Market: When considering Lower of Cost or Market, market is generally considered to be the net realizable value of inventory. This is the selling price of the inventory less the cost of disposal.The limit that constrains the market value of inventory such that it does not exceed its net realizable value is called the ceiling. The correct option is B.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUWhich of the following is the total amount of tax owed by an individual to a taxing authority such as the IRS?
O Tax break
O Tax bracket
O Tax exemption
O Tax liability
The total amount of tax owed by an individual to a tax authority is known as tax liability.
The amount that a person, company, or other entity owes to a federal, state or local tax authority is known as their tax liability.
Generally speaking, when you make money or gain from the sale of an investment or other item, you have to pay taxes. If you don't have enough income to qualify for tax filing, you might not owe any income taxes.
To Calculate Tax Liability, you should consider:
By totalling up all of your income, deducting any necessary expenses, and applying the result to the tax tables for your filing status, you can estimate your tax obligation for the year.For instance, contributions made to an employer-sponsored retirement plan that permits pre-tax deferrals or a health savings account (HSA) won't be counted toward your taxable income.Furthermore, you may be eligible to deduct some expenses from your gross income, such as interest on student loan debt or health insurance premiums if you are self-employed and paid them all year. These are referred to as above-the-line deductions or adjustments to income. Your adjusted gross income is the outcome (AGI).To know more about the taxation system:
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o d
Of the following, which is NOT in the socio-economic category of managed trade?
a. Embargoes
O b. Countertrade
.
O
O O O
c. Ethics and safety
5.
O
O d. Export cartels
7.
O
O e. The infant industry argument
8.
o
9.
a
10.
o
11.
о
12.
O
13.
оо
14.
Answer:
D.
Explanation:
suppose the exchange rate is 90 yen per u.s. dollar and the united states wants to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars , the fed ______.
Suppose the exchange rate is 90 yen per u.s. dollar and the united states want to keep the exchange rate at a target rate of 90 yen per u.s. dollar. if the demand for u.s. dollars the fed sells dollars to lower the exchange rate.
The larger the expected profit of holding US dollars, the lesser the amount of US dollars offered in the forex market. If the exchange rate is too high, excess US dollars will depress the currency.
If the exchange rate is too low the US dollar will become scarce and the exchange rate will rise. The higher the exchange rate, the lower the demand for the US dollar. Interest rates in the US and other countries
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Maria is taking out an amortized loan for $21,000 to buy a new car and is deciding between the offers from two lenders. She wants to know which one would be the better deal over the life of the car loan, and by how much. Answer each part. Do not round intermediate computations, and round your answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) A savings and loan association has offered her a 6 -year car loan at an annual interest rate of 9.4%. Find the monthly payment. $∥ (b) An online lending company has offered her a 5-year car loan at an annual interest rate of 9.2%. Find the monthly payment. (c) Suppose Maria pays the monthly payment each month for the full term. Which lender's car loan would have the lowest total amount to pay off, and by how much? Savings and loan association The total amount paid would be: less than to the online lending company. Online lending company The total amount paid would be: less than to the savings and loan association.
(a) To find the monthly payment for the savings and loan association's 6-year car loan at an annual interest rate of 9.4%, we can use the formula for the monthly payment of an amortized loan. By plugging in the values (P = $21,000, r = 0.094/12, n = 6*12) into the formula, we can calculate the monthly payment amount.
(b) Similarly, to find the monthly payment for the online lending company's 5-year car loan at an annual interest rate of 9.2%, we can use the same formula with the corresponding values (P = $21,000, r = 0.092/12, n = 5*12).
(c) Once we have the monthly payments for both loans, we can compare the total amount paid over the life of the loans. By multiplying the monthly payment by the total number of payments (6*12 for the savings and loan association and 5*12 for the online lending company), we can calculate the total amount paid for each loan. Comparing these amounts, we can determine which lender's car loan would have the lowest total amount to pay off and by how much.
It is important to consider the total amount paid over the life of the loan when assessing the better deal, as it takes into account both the interest rate and the repayment period. By analyzing the monthly payments and the total amounts paid, Maria can make an informed decision on which car loan option is more advantageous for her.
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what feature in quickbooks online allows users to create custom charts to visualize financial data?
The feature in QuickBooks Online that allows users to create custom charts to visualize financial data is called "Custom Report."
Report in QuickBooks Online provide a way to generate and view various financial and accounting information in a structured and organized manner. These reports offer insights into different aspects of a company's finances, including income, expenses, balance sheets, cash flow, sales, and more. Users can generate standard reports or customize them to meet specific needs using filters, date ranges, and other criteria. Reports in QuickBooks Online help users analyze and understand their financial data, make informed decisions, track progress, and communicate financial information to stakeholders.
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(02.01 LC)
Match each term with its description.
Match Term Definition
Demand A) Amount of money left over after the business pays its expenses.
Price B) The production, purchase, and sale of goods in a world.
Profit C) The amount paid for goods or services.
Competition D) The number of goods and services that consumers want to buy.
Global economy E) Rivalry in supplying or acquiring an economic service or good.
Answer:
See below
Explanation:
Demand A): The number of goods and services that consumers want to buy. Demand is computed in relation to a specified price per period.
Price B): The amount paid for goods or services. In most cases, price is the monetary value attached to an item.
Profit C): Amount of money left over after the business pays its expenses. Profits are achieved when revenues or income are more than the costs.
Competition D): Rivalry in supplying or acquiring an economic service or good. Businesses compete to gain customers, a bigger market share, and more profits.
Global economy E) The production, purchase, and sale of goods in a world. Technological and infrastructure development has made trading in the world much easier and faster.
during the last year, dual purposes products co. generated $819 million in cash flow from operating activities and had negative cash flow generated from investing activities (-$448 million). at the end of the first year, dual purposes products co. had $140 million in cash on its balance sheet, and the firm had $280 million in cash at the end of the second year. what was the firm's cash flow due to financing activities in the second year? a. $173.25 million b. $288.75 million c. -$231 million d. -$115.50 million
During the second year, the company generated $288.75 million in cash flow from financing activities.
The formula below should be used to determine the company's cash flow from financing operations in year two:
Cash Flow from Financing Activities = Cash at the End of the Second Year - (Cash at the End of the First Year + Cash Flow from Operating Activities + Cash Flow from Investing Activities)
The calculation is so as follows:
Cash Flow from Financing Activities = $280 million - ($140 million + $819 million + (-$448 million))
Cash Flow from Financing Activities = $280 million - ($140 million + $819 million - $448 million)
Cash Flow from Financing Activities = $280 million - ($559 million)
Cash Flow from Financing Activities = $288.75 million
Therefore, $288.75 million of the company's cash flow in the second year will be used for financing activities.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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Pqs reported equipment tk. 50,000 and tk. 35,000 respectively as on december 31, 2020, and december 31, 2019. the corresponding accumulated depreciation was tk. 12,000 and tk. 8,000. during 2020, pqs sold a piece of equipment for tk. 5,000 (associated accumulated depreciation was tk. 3,000) resulting in a loss of tk. 2,000. determine the following amounts for 2020. (a) depreciation expense. (b) equipment purchase.
The following amounts (Depreciation Expense and Equipment Purchase) for 2020 reported by Pqs are:
a) Depreciation Expense for the year is tk. 7,000.
b) Equipment Purchase for the year is tk. 25,000.
How is the depreciation Expense determined?The depreciation expense is the difference between the current year's accumulated depreciation and last year's accumulated depreciation.
The above holds when there is no disposal. However, with disposal, the value of the accumulated depreciation for the sold item should be factored into the computation.
Data and Calculations:December 31, 2020 December 31, 2019
Equipment tk. 50,000 tk. 35,000
Accumulated Depreciation tk. 12,000 tk. 8,000
Sale of equipment during 2020 = tk. 5,000
Accumulated Depreciation of sold equipment = tk. 3,000
Loss from the sale of the equipment = tk. 2,000
Cost of equipment = tk. 10,000 (5,000 + 3,000 + 2,000)
Increase in Accumulated Depreciation (Depreciation Expense) = tk. 7,000 (12,000 - 8,000 + 3,000)
Equipment purchase = tk. 25,000 (50,000 - 35,000 + 10,000)
Thus, the Depreciation Expense for the year is tk. 7,000 while the Equipment Purchase for the year is tk. 25,000.
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It was the third meeting, but the group had finally agreed on the roles for each member. Kathie felt good about how things were progressing. It seemed that the conflicts had been resolved, and everyone had actually arrived on time with their tasks completed. Kathie felt they were now a team. They were now in the ________ stage.
If It seemed that the conflicts had been resolved, and everyone had actually arrived on time with their tasks completed. Kathie felt they were now a team. They were now in the norming stage.
What is norming stage?Norming stage can be defined as the stage in which member of a group tend to work as a team or in one accord by ensuring that they all complete their tasks .
At this stage the group members are always productive and they tend to as well resolve all the conflict they had by ironing out their difference so as to enables peace to reign about them and to as well enable them to join hand together and work as team.
Therefore based on the giving scenario they are in norming stage of team development.
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A major grocery store chain is trying to cut down on waste. Currently, they get peaches from two different distributors, wholefruits and greengrocer. Out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. She then makes a confidence interval. Is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg:(-0. 156, 0. 064).
A significant difference in the quality of the peaches between the two distributors is option D. Option D says that We are 95% confident that the proportion of non-sell-able items for Whole Fruits is anywhere between 0.064 and 0.156 HIGHER than the proportion of non-sell-able items for Greengrocer.
Grocery stores generally can be defined as focus on beverages, food and some household goods. They are typically local chains or also single-location stores and may be family-owned . In other words, "grocery store" or known as supermarket. They offer the ingredients of provide jobs, foster a sense of community and home cooked meals. By comparing a set of inherent characteristics with a set of requirements we are generally can determine the quality of something.
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What type of communication provides powerful analytics that allow entrepreneurs to determine the effectiveness of their communication efforts?
O A. Interior communication
О в.
OC.
Nonverbal communication
Social media communication
D. Creativity communication
An appropriate choice is option (c). Business owners can use social media communication's robust analytics to assess the success of their communication efforts.
Social media communications are what?A communication method based on the internet is social media. Users can converse, share knowledge, and publish content online via social media platforms. Social media describes how individuals interact with one another through the creation, sharing, and/or exchange of knowledge and ideas in online groups and networks.
What constitutes effective corporate communication?Interaction between people is facilitated via communication. Entrepreneurs continually aim to enhance their communication skills because doing so will help them share and express their ideas clearly, as well as interact with their team, clients, and coworkers in a better way.
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Which business situation is most likely a "breeding ground" for unethical conduct by employees?
The business situation which is most likely a "breeding ground" for unethical conduct by employees is:
When performance improvement is needed.What is Unethical Conduct?This refers to the type of conduct which a person exhibits when he acts in a manner that is improper and takes advantage of other people to make gain or profit.
With this in mind, we can see that when a particular company has a low performance and their managers need immediate improvements, this can cause the employees to engage in unethical acts.
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Type the correct answer in the box. Spell all words correctly.
Identify the economic goal of sales management.
Every nation aims for economic growth and _____ for all its citizens.
Answer:
best guess is security
Explanation:
Every nation aims for economic growth and Rights for all its citizens. As the national economic goals were, full employment, economic growth, security, and stability.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services.
As with every nation, there are some goals for economic growth, price stability, and full employment. Economic growth refers to a nation's ability to produce more goods and services over time.
Therefore, option (B) is correct.
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college aged women are at the same risk for sexual assault than their non-college aged peers.
true/false
The given statement-''college aged women are at the same risk for sexual assault than their non-college aged peers'' is False.
College-aged women are at a higher risk of sexual assault compared to their non-college-aged peers. Numerous studies have shown that young women between the ages of 18 and 24 who are enrolled in college are more vulnerable to experiencing sexual assault.
Factors such as campus environments, social dynamics, and alcohol consumption contribute to this heightened risk. College campuses often have a concentrated population of young adults, which can create opportunities for perpetrators and increase the likelihood of sexual assault incidents.
It is important to address and combat this issue through education, prevention programs, and support services to ensure the safety and well-being of college students.
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according to the wernicke-geschwind model, signals are carried from wernicke's area to broca's area via the left
According to the Wernicke-Geschwind model, signals are carried from Wernicke's area to Broca's area via the left hemisphere's arcuate fasciculus. The Wernicke-Geschwind model is a theoretical framework that describes the neural pathways involved in language processing.
It proposes that language comprehension occurs in Wernicke's area, which is located in the posterior part of the left superior temporal gyrus. From there, the model suggests that signals are transmitted to Broca's area, situated in the posterior part of the left frontal lobe, via the arcuate fasciculus, a fiber tract that connects the two regions.
It is important to note that while the Wernicke-Geschwind model has been influential in understanding language processing, more recent research has revealed a more complex and distributed network of brain areas involved in language comprehension and production. The model provides a simplified representation of language processing and should be considered in conjunction with other contemporary models and findings in the field of neurolinguistics.
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Determine the best answer.
1. True or False Most businesses recog-
nize that consumers have different wants
and needs and view products and service
choices differently.
True. Most businesses recognize that consumers have different wants and needs, and view products and services differently. For example, some consumers may be more interested in price, while others may be more interested in quality or convenience. Businesses must be aware of these differences if they want to provide customers with a satisfying experience.
New Voice Incorporation's chief executive officer (CEO) is looking into two options to invest so that in four years from now his company will be able to buy equipment that has been estimated to cost $100,000.00 four years from now.
Option 1 is for him to invest with a bank that pays an interest rate of 5% by investing $20,000.00 now, $10,000 in 1 year from now, $20,000.00 in 2 years from now, $500.00 in 3 years from now, and add the rest of the money needed in 4 years from now to buy the equipment.
The CEO should invest $20,000.00 now, $10,000 in 1 year, $20,000.00 in 2 years, $500.00 in 3 years, and add the remaining amount in 4 years to have $100,000.00 for equipment purchase. The investments will earn interest, helping reach the goal.
The CEO has two options to invest in order to have $100,000.00 in four years for equipment purchase. Option 1 involves investing $20,000.00 now, $10,000 in 1 year, $20,000.00 in 2 years, $500.00 in 3 years, and adding the rest in 4 years.
Here's the breakdown:
1. Invest $20,000.00 now.
2. Invest $10,000 in 1 year.
3. Invest $20,000.00 in 2 years.
4. Invest $500.00 in 3 years.
5. Add the remaining amount in 4 years.
The CEO will earn interest on each investment, which will help accumulate the required $100,000.00 over the four-year period. This plan allows for gradual investment and potential growth of funds through the interest rate.
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Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify registration must be written and tested using data from Grapevine's existing database. This new module cannot be tested until the data from the existing system is loaded. You are going to hire a vendor to perform the programming and testing tasks for this module to help speed up the project schedule. Since they'll have access to your customer list and potentially other trade secrets, you'll asked them to sign a nondisclosure agreement. This is an example of which of the following?
A. Procurement documents
B. Standard form
C. Organizational process asset
D. Fixed cost contract
Answer:
D. Fixed cost contract
Explanation:
What is demand comprised of
When Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover’s 1931 salary was equivalent to a 2015 salary of about: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Answer: c) $1,169,408.
Explanation:
Given the following:
Consumer price index(CPI) :
Year 1 = 1931 = 15.2
Year 2 = 2015 = 237
Salary in 1931 = $75,000
Equivalent salary in 2015 Given the details above:
Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))
$75,000 × ( 237 / 15.2)
= $75,000 × 15.592105
= $1,169,407.8
= $1,169,408
How did Ray conduct marketing-information management?
which is related to the dramatic growth of direct marketing? multiple choice question. a growing preference for percentage of sales budgeting for promotions steeply decreasing marketing budgets several highly successful products approaching or entering the decline stage of the plc increasing interest in customer relationship management
Increasing interest in customer relationship management is related to the dramatic growth of direct marketing. The appropriate response is option D.
What is direct marketing?The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing. It is sometimes referred to as direct response marketing among practitioners.
Any form of marketing that communicates or distributes with consumers directly, as opposed to indirectly through a third party like the media, is considered direct marketing. Campaigns can be delivered using mail, email, social media, and texting, among other delivery methods.
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
Earning and Spending Unit Test
What is typically included in COGS? (1 point)
O raw materials
O storage costs for the inventory
O wages associated with creating the item
O All of the answers are correct.
Answer:
all the answers are correct
Explanation:
The cost of goods sold include raw materials, storage cost for inventory, and wages. The correct option is D.
COGS include raw materials, inventory storage costs, and wages associated with creating the item. D is the correct answer.
What is covered by a service provider's COGS?It encompasses any expense directly related to creating a good or providing a service. These expenses can cover labour, supplies, and shipping. The goal of COGS is to quantify all variable expenses that are directly related to producing a good or providing a service.All direct expenses incurred to produce the goods a business sells are included in COGS. The majority of these expenses are the product's variable manufacturing costs, such materials and labour, although others may be fixed expenses, like factory overhead.Costs of Goods Sold (COGS) are the expenses incurred over a specific time period to produce your goods. COGS is calculated as starting inventory less purchases minus ending inventory.To Learn more About COGS, Refer:
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Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
The net income earned is $240
A company's net earnings are referred to as net income. It is calculated by taking the sum of the receipts less the sum of the costs. Taxes, business expenses, interest payments, fees, and depreciation are only a few examples of the several items that go under the umbrella phrase "total expenditure. Net income is used to calculate the earnings per share for shareholders.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first Then cash is received after the issuance of the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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Remember the following comment from the chapter: "Anything you can do to accelerate the rate of learning will speed the cost savings." Let's put this to the test. Assume the following:
The supplier's learning rate is 30%.
So, the process is operating on a 70% learning curve.
Labor rates are still $20 per hour
How much time would be required for the 250th unit?
5.46
8.69
9.78
6.95
The time required for the 250th unit is approximately 6.95.
To determine the time required for the 250th unit, we can use the concept of the learning curve. The learning curve shows that as the cumulative production doubles, the time required per unit decreases by a certain percentage.
In this case, the supplier's learning rate is 30%, which means that for every doubling of cumulative production, the time required per unit decreases by 30%.
To calculate the time required for the 250th unit, we can use the following formula:
Time for the nth unit = Time for the first unit * (Cumulative production of the nth unit / Cumulative production of the first unit)^log(learning rate, 2)
In this scenario, the time for the first unit is unknown, but we know that the labor rates are $20 per hour. Let's assume the time for the first unit is 1 hour.
Using the formula, we can calculate the time required for the 250th unit:
Time for the 250th unit = 1 * (250 / 1)^log(0.7, 2)
Time for the 250th unit ≈ 6.95
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