The purchase of a good or service that has not yet been paid for is recorded in accounts payable on the balance sheet.
Purchasing is a formal process of purchasing goods or services. The purchasing process varies from organization to organization, but there are some common key factors. The process usually starts with demand or requirement. This can be a physical part (inventory) or service.
Buying and selling goods is a commercial activity in which the seller is obliged to deliver the goods, transfer ownership of the goods to the buyer, and make payments. This obliges the buyer to pay the seller and receive delivery and ownership of the goods in accordance with the contract.
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Shortcutz hair salon offers inexpensive haircuts for $10. They create a marketing campaign extolling the cheap price while showing customers how expensive other salons are in comparison. The campaign encourages consumers shop around and compare prices. Shortcutz focuses solely on price and mentions little about the quality of its haircuts. Which type of psychological pricing communication does shortcutz use?
A company copies the competitor's pricing strategy by setting prices almost completely according to its competitor's prices or by using price as one of the features that differentiate the product.
1. Competition-Based Pricing Strategy. Competition-based pricing is also known as competitive pricing or competitor-based pricing. This pricing strategy focuses on the existing market rate (or going rate) for a company's product or service; it doesn't take into account the cost of its product or consumer demand.
If a buyer has a critical or more important use of the product then the inelasticity of the demand increases.
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Angela puts $5,000 in a savings account that pays 4 percent interest per year. What is the future value of her money two years from now
Using formula, F = P*(1+i)^t
Future value of money = 5000*(1+0.05)^1 = 5000*1.05 = 5250
As the interest rate increases/rises, the future value of Angela's 5000 savings will increase.
For example, if you have a savings of $ 5,000 and the national average is 0.10% APY, you will only get $ 5 back in a year. Instead, if you deposit the same $ 5,000 into a 2% revenue account, it will be $ 100.
A simple interest formula is an Interest = Px Rx N. P = principal (balance at the beginning of the period). R = Interest rate (usually expressed as a decimal per year). N = number of periods (usually one year).
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If a sales associate is working with a buyer in a residential transaction as a customer, not a client, what type of brokerage relationship must be disclosed
The type of brokerage relationship that must be disclosed between the parties is known as Nonrepresentation.
What is a Non-representation?This refers to the promise that a wrong statement will not be disclosed to one party to mislead them.
Hence, this is what have to be disclosed in type of brokerage relationship between the parties.
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Eleven uses performance management for administrative purposes. The administrative purposes focus on issues such as
It focus on issues such as determining who will be getting raises in administrative purposes .
Administrative purposesAdministrative purposes means any purpose necessary for the operation and proper functioning of the administrative, educational and medical services carried out by an approved developer in a zone.
Administrative purposes include administrative issues, including the working of the corporations, funding from the State government, disbursement of counsillor funds and shortage of staff, got about two to three times more attention than solid waste management, education and health.
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Monopolistically competitive firms are productively inefficient because long-run equilibrium occurs at an output rate where Group of answer choices None of the Answers are Correct ATC is greater than minimum ATC. MC is greater than MR. Diseconomies of scale exist. Price is greater than MC.
Because long-run equilibrium takes place at an output rate where ATC is higher than the minimal ATC, monopolistically competitive firms are inefficient in terms of productivity.
An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.
What exactly is a monopolistic firm?A totally competitive market, where there are an infinite number of enterprises operating, is the antithesis of a monopolistic market. In a truly monopolistic model, the monopoly firm can limit output, raise prices, and make long-term profits that are above average.
What define monopolistically competitive company characteristics?A monopolistically competitive industry has the following four traits:
numerous sellers This industry has many vendors, and entry is simple.Small businesses compete in monopolistic markets with differentiated goods.Businesses in this sector offer distinctive productsLocal Advertising.learn more about monopolistically competitive firms here
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In a natural-language processing (nlp) system, the _____ activity involves accepting human language as input, carrying out the corresponding command, and generating the necessary output
In a natural-language processing (nlp) system, the interfacing activity involves accepting human language as input, carrying out the corresponding command, and generating the necessary output.
What is natural-language processing (nlp) system?Natural language processing refers to automated machine which process and interpret human languages.
It is to be noted that a natural language processing system provides a question and answer set that is particularly useful with databases.
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A traditional life insurance policy pays the beneficiaries of the policyholder at the time of ______ , whereas an endowment policy pays the insured if he or she is alive on the _______ date named in the policy.
A traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death, whereas an endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.
There are two different types of life insurance policies that policyholders may opt for depending on the policyholder's needs and requirements at the time:
A traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death. An endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.The maturity date specifies the time period in an endowment life insurance policy. An endowment policy is different from a life insurance policy in that it allows the policyholder to save regularly over a period of time as the period of endowment in the life insurance matures. The essential difference between a traditional life insurance policy and an endowment policy is that the former pays the beneficiaries at the death of the policyholder, while the latter pays the insured if the policyholder is alive on the maturity future date named in the policy.Therefore, a traditional life insurance policy pays the beneficiaries of the policyholder at the time of the policyholder's death, whereas an endowment policy pays the insured if he or she is alive on the future (maturity) date named in the policy.
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Suppose the Irish economy is at full employment. Suppose in a few months, the exchange rate of the Irish national currency, the punt, will decline, giving the Irish relatively less purchasing power in foreign markets. What will happen to the price level and real GDP in Ireland
What is going to happen to the price level and the real GDP of Ireland is that The price level will not change, and the real GDP will fall.
Why would the real GDP fall?Because the value of the currency is on a decline, the exchange rate of this nation is also on a decline.
The effect is that the purchasing power of the people is going to fall. People would begin to demand less for goods and services in the nation.
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Dye Trucking raised $130 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $6.50. If Dye had 60 million shares of stock before the recap, how many shares does it have after the recap
The number of shares does it have after the recap is 40,000,000 shares.
Number of shares
First step
Number of shares= Amount raised / stock price
Number of shares= 130,000,000 / 6.50
Number of shares= 20,00,000 shares
Second step
Number of shares= Number of shares before recap - Shares repurchased
Number of shares= 60,000,000 - 20,00,000
Number of share= 40,000,000 shares
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A company has sales of $125,000, variable costs of $45,000 and fixed costs of $30,000. The contribution margin ratio is
Answer:64%
Explanation: (125,000-45,000) /125,000= 64%
The contribution margin ratio with the following data is 0.64.
What is the contribution margin ratio?The contribution margin ratio tells the ratio that can be reached after a particular point. This suggests that the revenue will be found out if the fixed cost will be revealed as the constant factor that is not going to change. the total revenue generated following absorption costing to pay for fixed costs and make a profit for the business,
The given information is:
Sales = $125,000
Variable cost = $45,000
Fixed cost = $30,000
The contribution margin of the company will be:
= Sales (S) - Variable cost (VC)
= $125000 - $45000
= $80000
The contribution margin rate for the company should be:
= Contribution margin / Sales
= 80000/125000
= 0.64
So, the ratio for the contribution margin will be 0.64.
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An employer-sponsored medical plan that allows each employee to have pretax earnings deposited into a specially designated account for the purposes of paying specific types of expenses is called a Question 46 options: flexible spending account. medical emergency account. medical contingency account. pre-tax contingency account. None of these.
An employer-sponsored medical plan that allows each employee to have pretax earnings deposited into a specially designated account for the purposes of paying specific types of expenses is called a "flexible spending account".
What is flexible spending account?A flexible spending account, often referred to as a flexible spending arrangement, is a specific account that you fund and utilize to cover a number of your out-of-pocket medical expenses.
Some features of flexible spending account are-
FSA monies can be used to cover copayments and deductibles, but not insurance premiums.Both over-the-counter medicines with a prescription from a doctor and prescription medications are eligible for FSA reimbursement. Insulin reimbursements are accepted without a prescription.Medical items like bandages, equipment like crutches, and diagnostic tools like blood sugar test kits can all be paid for with FSAs.Therefore, as long as your annual medical bills and/or costs for taking care of dependent are reasonably predictable. On average, every dollar invested will result in tax savings of 20–25%. Your savings grow as your income does.
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Javier works as an assistant manager at a home improvement center. He wants to be promoted to the position of manager but feels that it is unlikely to happen. As a result, Javier is not motivated to achieve this goal. Which theory best explains Javier's situation
The that theory best explains Javier's situation is: expectancy theory
What is expectancy theory?Expectancy theory is a theory that stated that a person can tend to act in a particular ways by choosing a behavior based on what they want or expect the outcome of the behavior they choose to be.
Hence, Based on the scenario Javier situation explain expectancy theory because he wants to be promoted but on the other hand feels that the promotion is unlikely to happen.
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A system that allows managers to specify goals, measure progress, and provide performance feedback by ensuring that the incentives of shareholders and employees are aligned is called a ______ system.
Answer:
strategic control-and-reward
A system that allows managers to specify goals, measure progress, and provide performance feedback by ensuring that the incentives of shareholders and employees are aligned is called a strategic control-and-reward system.
What do you mean by Feedback?Feedback is constructive criticism or information that can be used to enhance a performance or other activity.
Software for performance management is intended to boost employee productivity and thereby increase business performance. It tries to make sure that each employee and team is motivated and supportive of organizational objectives. Real-time performance tracking, goal planning, and feedback replace the annual performance review procedure.
These systems accomplish a task that annual reviews are unable to. They give a company the flexibility to modify individual employee expectations and goals as circumstances alter. Annual assessments, in the opinion of critics, are overly preoccupied with the past and undervalue the demands that lie ahead.
Therefore, Strategic control-and-reward system is the correct answer.
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Which Internet service allows users to send and receive short text messages in real time?
Answer:
Yes, the answer is SMS ( short message service)
Hope this helps you.
The Internet service that allows users to send and receive short text messages in real-time is called "Instant Messaging" (IM).
Instant Messaging (IM) is an Internet service that enables users to send and receive short text messages in real-time. It allows for instant communication between individuals or groups over the Internet, making it a convenient and efficient means of staying in touch.
With popular platforms like What/sApp, Face/book Messenger, iMessage, Telegram, and Go/ogle Hangouts, users can engage in seamless conversations, share multimedia content, and even participate in group chats, fostering quick and direct interactions from anywhere in the world. IM has become an integral part of modern communication, facilitating rapid exchange of information and fostering social connections online.
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A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
Option D. asset's remaining economic life.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the asset's remaining economic life.
The IRS rule is that you claim depreciation on leased equipment if your contract is a lease-to-own arrangement. If it's a not-to-own lease, you deduct the payments as a regular business expense, even if the lease meets GAAP's five-fold test for a finance lease.
A bargain purchase option and a guaranteed residual value of identical amounts are in the computation of the annual depreciation. In the case of a guaranteed residual value, the lessee depreciates the asset over the lease life.
Your question is incomplete. please read below to find the full content.
A lessee with a finance lease containing a bargain purchase option should depreciate the leased asset over the.
a."life of the asset or the term of the lease, whichever is longer."
b. term of the lease.
c. period ending with the bargain purchase option date.
d. asset's remaining economic life.
Your question is incomplete. please read below to find the full content.
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A soft peg exchange rate may create additional _______________ as exchange rate markets try to anticipate when and how the government will intervene.
A soft peg exchange rate may create additional volatility as exchange rate markets try to anticipate when and how the government will intervene.
What is an exchange rate?An exchange rate refers to the value of a country's currency in relation to another currency. This entails the rate at which a currency will be exchanged for another.
It is the value of one currency for the purpose of conversion to another.
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Intra-industry trade provides a way to combine the lower average production costs that come from ________ and still have competition and variety in the market.
The combination the lower average production costs that come from economies of scale is provided by an Intra-industry trade and as well to have an competition and variety in the market.
What is an economies of scale?This refers to a situation where the average costs per unit of output decrease with the increase in the scale of the output being produced by a firm.
Hence, the combination the lower average production costs that come from economies of scale is provided by an Intra-industry trade.
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Emily is buying furniture for her apartment for the first time. She is spending considerable time and effort comparing the products that different stores offer. Which type of decision-making process is she using
In the given scenario where Emily is buying furniture for her apartment for the first time. She is spending considerable time and effort comparing the products that different stores offer. She is using extended decision-making.
Extended decision-making occurs when a customer takes an excessive amount of time before making a purchase, weighs several options, researches those products to determine their quality, invests a significant amount of time, and then makes the purchase.
There are undoubtedly many elements that influence consumers to purchase particular products.
Depending on how products and services are manufactured and marketed, consumers are motivated to buy them.
However, a marketing expert must consider exactly what is going through the buyer's head as they are making a purchase.
Extended decision-making happens when a customer wants to acquire very expensive goods or goods that demand a lot of consumer input.
In such circumstances, a customer wants to receive extraordinary benefits from the vendor and ensure that the purchase is advantageous.
Hence, if Emily is buying furniture for her apartment for the first time. She is spending considerable time and effort comparing the products that different stores offer. Extended decision-making is the process she is using.
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When people use money to save for goods and services they will purchase at a later date, they are using money as
When people use the money to save for goods and services they will purchase at a later date, they are using money as a Store of Value.
What is a Store of Value?Any good or asset that typically retains its value over time serves as a store of value. It serves the purpose of being able to be preserved, recovered, and exchanged at a later date and to perform reliably well when retrieved.In the modern era, money, currency, or a commodity like a precious metal or financial capital have been the most prevalent stores of value. Any store of value should be used for risk management because there is a steady market for the underlying asset.One of the three widely acknowledged functions of money is the storage of value. The exchange medium serves as a middleman to prevent the problems caused by the coincidence of wants, among other things.
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To what extent should government influence the economy of a democracy such as the united states?.
Economic conditions often inform the policy changes that governments elect to enact. Specifically in the United States, government policy has always had a large amount of influence on economic growth, the creation of new business entities, and the success of financial markets.
In the broadest sense, a country's economic activity reflects what people, businesses, and governments want to buy and what they want to sell. Because the U.S. has a capitalist economy that relies on the principles of a free market, theoretically, it is primarily the decisions of consumers and producers that mold the economy.
In the United States, the government influences economic activity through two approaches: monetary policy and fiscal policy. Through monetary policy, the government exerts its power to regulate the money supply and level of interest rates. Through fiscal policy, it uses its power to tax and spend.
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A sabbatical involves __________ Group of answer choices helping employees manage the demands that exist in the different roles they have. taking time off from work to engage in an alternative activity. two people sharing the responsibility of a single job. the splitting of one job into two
B) Involves taking time off from work to engage in an alternative activity.
What is a sabbatical?A sabbatical is a period of three to twelve months of unpaid leave from work, though some employers may offer compensated leaves as an incentive for long service. Taking one is not assured because they are often a workplace bonus rather than a legal right in most nations. There are several justifications for taking a sabbatical. They are employed to experience the globe, follow a passion, serve as volunteers in underdeveloped nations, or even just to prevent burnout from a hectic job life.
What Advantages Do Sabbaticals Offer?This will greatly depend on your circumstances.
For you to go away and pick up a new ability that will advance your profession, a career break may be necessary.You may have the chance to visit many locations around the globe, experience various cultures, and make lifelong friends as a result.Working on a school project, teaching a language, or conserving the environment, might enable you to have a modest impact on the world.It could provide you time and room to consider how to handle a major event that has occurred in your life. A viewpoint you wouldn't have acquired if you hadn't taken the time to depart from the conventional.Learn more about sabbatical with the help of the given link:
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Frank is the fresh produce supplier to Green Valley, an upscale restaurant. He provides the restaurant with imported meat for which he is paid $1,500 per day. One day, Frank fails to deliver the meat due to personal reasons. This causes the restaurant to order from a neighboring city for $2,500. The delay in shipment results in a foreseeable loss of $1,500 in revenue for Green Valley. If Green Valley decides to sue Frank for damages, the court is most likely to award Green Valley with damages in the amount of ________. Group of answer choices $2,500 $1,000 $5,500 $8,000 $4,000
If Green Valley decides to sue Frank for damages, the court is most likely to award Green Valley with damages in the amount of $2,500.
What is Supplier?
In business, a supplier is a person or an entity who delivers top-notch services and goods from manufacturers at reasonable costs to retailers or distributors for sale. They provide deliverables in the form of raw materials, which the manufacturers later process into market-ready end products.
What are suppliers used for?A supplier is a person or business that provides a product or service to another entity. The role of a supplier in a business is to provide high-quality products from a manufacturer at a good price to a distributor or retailer for resale.
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Sykora Corp. sells $540,000 of bonds to private investors. The bonds are due in 5 years, have a 6% coupon rate and interest is paid semiannually. Sykora received $490,222 for the bonds at issuance. The effective rate on these bonds is:
The effective rate on these bonds is 7.17%
What is the effective rate?The effective interest rate of a bond is the rate that equates the present value of the bond's future interest payments and the bond's maturity value to the bond's current market value.
The effective interest rate can be determined using a financial calculator:
Cash flow in year 0 = -490,222Cash flow from period 1 - 12 = 6% x 540,000 = 32,400Cash flow in year 6 or period 12 = $540,000effective interest rate = 7.17%
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________ is an incremental development process that focuses on setting a minimum number of requirements and turning them into a working product.
Idea development is an incremental development process that focuses on setting a minimum number of requirements and turning them into a working product.
What is idea development?Idea development focuses on improving on a an idea in other to get a good result.
It could involve a number of requirement and processes for implementation.
Therefore,
Idea development is an incremental development process that focuses on setting a minimum number of requirements and turning them into a working product.
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Carlyle plans to invest $12,000 per year for the next 5 years at 10% interest. How much will he have at the end of Year 1 for an ordinary annuity
Answer:
$12,000
Explanation:
Since she plans to invest by the end of the period, the investment hasn't earned any interest. So it stays the same.
Suppose the total fixed cost of a firm is $500, the total variable cost is $200, and the output produced is 5 units. The average fixed cost of the firm is ______.
The average fixed cost of the firm is $100.
Average fixed costUsing this formula
Average fixed cost=Total fixed cost/Out produced
Where:
Total fixed cost=$500
Out produced=5 units
Let plug in the formula
Average fixed cost=$500/5
Average fixed cost=$100
Therefore Average fixed cost is $100.
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The law of ______ returns states that as successive units of a variable resource are added to a fixed resource, beyond some point, the marginal product will decline.
The law of Diminishing returns states that as successive units of a variable resource are added to a fixed resource, beyond some point, the marginal product will decline.
What is the law of Diminishing returns?The law of diminishing returns explains that when an investment in a particular area increases there will be a stop at the rate of profit from that investment, after a certain point.
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According to the book, the individual small business owner must be aware of his own _________ and establish the business in a manner that is consistent with that _________.
Answer: tolerance of risk and tolerance
Explanation: Put tolerance of risk in the first blank, and tolerance in the second.
The balance in the supplies account before adjustment at the end of the year is $6,250. The proper adjusting entry if the amount of supplies on hand at the end of the year is $1,500 would be
The proper adjusting entry of the supplies account will include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.
What is a Supplies expenses?In account, this means cost of consumables that is used during a reporting period.
Supplies Expense = $6,250 - $1,500
Supplies Expense = $4,750
Therefore, its include a debit to Supplies Expense $4,750 and a credit to Supplies $4,750.
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Alex's company has found through recent quality control analysis that it needs to improve its picking and packing processes. The executive team has decided to invest in some kind of technology that will improve operator efficiency and ensure that shipping orders are packaged more quickly and accurately. What kind of IoT technology would be best suited to this particular use case
As given in the case, Alex's company of IoT technology would be best suited to this particular use case (MDM) Mobile device management.
What is (MDM) Mobile device management?
Mobile device management (MDM) is the administration of mobile devices, such as smartphones, tablet computers, and laptops. MDM is usually implemented with the use of a third-party product that has management features for particular vendors of mobile devices.
Though closely related to Enterprise Mobility Management and Unified Endpoint Management, MDM differs slightly from both: unlike MDM, EMM includes mobile information management, BYOD, mobile application management and mobile content management, whereas UEM provides device management for endpoints like desktops, printers, IoT devices, and wearables as well.
Therefore, The correct option is B . Alex's company of IoT technology would be best suited to this particular use case (MDM) Mobile device management.
I understand that the question you are looking for is:
What kind of IoT technology would be best suited to this particular use case:
a. IoV
b. MDM
c. IoT
d. IOM
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