When LIFO is used, an additional layer of inventory is created.
Where is the LIFO approach used?Most businesses with a significant amount of inventory, such as retailers, employ the LIFO method of valuation to take advantage of the tax benefit by adding the expenses of recent products manufactured or purchased at higher costs in the cost of goods sold.
What are the benefits and drawbacks of LIFO?The main reason businesses choose LIFO over FIFO is for the tax benefits. Tax liabilities, however, are also a possibility. The only true reason to implement LIFO is to avoid paying greater taxes, yet this results in generally reduced earnings, hence LIFO's benefits are also its drawbacks.
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he standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows: standard costs fixed overhead (based on 10,000 hours) 3 hours per unit at $0.72 per hour variable overhead 3 hours per unit at $1.99 per hour actual costs total variable cost, $17,900 total fixed cost, $7,900 the total factory overhead cost variance is
Total factory overhead cost variance is $ 1336 if standard costs fixed overhead (based on 10,000 hours) 3 hours per unit at $0.72 per hour variable overhead 3 hours per unit at $1.99 actual costs total variable cost, $17,900
Variable Factory overhead Controllable Variance = Actual variable - Flexible budget Cost 17800 - 16464 = $ 1336
Unfavorable as a crud Cost is more than flexible budget Cost ie budgeted Cost allowed for actual Units produced.
Option b is Correct answer.
Flexible budget = Actual x Budgeted X Budget
2800 x 3 x 1.96
= $16464
A flexible budget, often known as a financial plan, includes predicted cost and revenue for various output levels. The variation occurs as a result of a change in exercise volume or intensity.
For control purposes, it establishes the benchmark for calculating the differences between the company's actual performance and its budgeted performance. Additionally, it might be prepared for a certain department or unit or the entire business.
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which of the following best describes the relationship between the demand curve (d) and the marginal revenue curve (mr) for a monopoly firm that has a downward sloping linear demand curve?
A monopolistic firm that is faced with a linear demand curve will also have a linear marginal revenue curve that falls below the demand curve and bisects any horizontal line connecting the demand curve to the vertical axis.
The price that the monopolist may obtain for each new unit of output must decrease as the monopolist raises its output because the monopolistic faces the revenue downward-sloping market demand curve. Given that every increase in price would result in a decrease in the amount demanded, the demand curve for a monopoly firm is downward sloping. However, because there are no ideal substitutes for the commodities and the monopolistic firm.
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From an initial longminus−run macroeconomic​ equilibrium, if the Federal Reserve anticipated that next year aggregate demand would grow significantly faster than longminus−run aggregate​ supply, then the Federal Reserve would most likely...
increase interest rates
C) Raise rates of interest. The Federal Reserve recently increased the range of the target federal funds rate to 4.25 percent–4.50%.
The Federal Reserve's monetary policies can be used by the government when it wants to control the direction of the economy. The interest rate and the required reserve ratio are examples of tools included in these policies.
The Fed would raise interest rates if it anticipated that aggregate demand would rise significantly more than aggregate supply in the coming year. The expansion in the financing cost would diminish speculation and, in this manner, the total interest will diminish.
Is it true that they are raising loan costs 2022?The rate reaches its highest level since December 2007 thanks to the 50 basis point increase. Additionally, it is the seventh rate increase in a row for 2022.
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Full Question = From an initial long-run macroeconomic equilibrium, if the Federal Reserve anticipated that next year aggregate demand would grow significantly faster than long-run aggregate supply, then the Federal Reserve would most likely:
a. increase income tax rates.
b. decrease income tax rates.
c. increase interest rates.
d. decrease interest rates.
FILL IN THE BLANK. tasks of a database administrator (dba) include database security, tuning,___, and creation of queries and reports used to assist business decisions.
Tasks of a database administrator (dba) include database security, tuning, backup, and creation of queries and reports used to assist business decisions.
The tasks of a database administrator (DBA) generally include managing and maintaining the security, performance, and reliability of a database or databases. It ensures the database is secure and protects it from unauthorized access or data breaches. Along with this, it includes creating and implementing a plan for backing up and recovering data in case of an emergency or system failure.
The DBAs also design and implement the database structure to ensure that it is optimized for the needs of the business along with monitoring the performance of the database and making adjustments to improve efficiency and speed In addition to these specific tasks, DBAs may also be responsible for installing and configuring database software, troubleshooting problems, and providing technical support to users.
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in guadeloupe and martinique, the use of pesticide chlordecone on banana plantations led to devastation of fishing communities downstream. which of the following statements is correct? clean water is a right for the fishing community. the use of pesticide is a right for the banana producers. the problem arises when actors take into account the costs their decisions impose on others. this is an example of a social dilemma.
This was an illustration of a societal conundrum. The French overseas department and area of guadeloupe is located in the Caribbean.
Martinique is an island that is largely made up of mountains and is generally one large piece of land. Additionally, Guadeloupe has a little more variety. With reality, it is made up of two larger areas, Grande-Terre and Basse-Terre, the first of which is relatively level and covered in fields and the latter of which is hilly and buried in the jungle. The 188 km (117 miles) or'shortest flight' distance between Guadeloupe and Martinique. Guadeloupe to Martinique is 560 miles apart, therefore if you were to fly there, it would take 0.21 hours to reach. A further outpost of France, Guadeloupe, is located roughly 120 kilometers (75 miles) to the north. The Indian name Madiana (which means "Island of Flowers") is most likely where the name Martinique originates.
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suppose the beta estimated from the capm for stock a is 2.3 and stock b is 1.1. which of the following is true? according to the capm, the required rate of return of stock b is higher the beta of the equally weighted portfolio of stock a and b is 1.2 according to the capm, stock a has a higher idiosyncratic risk none of the above
Suppose the beta estimated from the calm for stock a is 2.3 and stock b is 1.1. of the following is true According to the CAPM, stock A has a higher idiosyncratic risk.
What are peculiar risks?Idiosyncratic risk refers to the innate elements that may adversely affect particular securities or a very particular group of assets. It is also known as unsystematic risk or unique risk. The idiosyncratic risk of some securities will always be higher than that of others.
Which idiosyncratic risk scenario is the best illustration?For instance, factors that affect a company's stock price but have nothing to do with management abilities include changes in tax legislation, inflation, customer demands, and interest rates. Most significantly, neither the organization nor its employees can prevent or control it.
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Jessica participates in her employer's defined benefit retirement plan. She has worked for her employer for three full years. If her employer uses a five-year cliff vesting schedule, Jessica is only vested in 60 percent of her defined benefit plan retirement benefits. (Use Exhibit 13-1)True or False
Jessica takes part in the defined benefit retirement plan offered by her company. She has three whole years of service with her employer. Only 60% of Jessica's defined benefit plan retirement benefits are vested in the event that her company utilizes a five-year cliff vesting period. False.
Which of the following best defines an established pension plan with specified benefits?Although the contribution rate varies, the retirement benefit is fixed.
Which statement best sums up a defined contribution plan?In a defined contribution plan, the company and/or the employee both make contributions to the participant's individual account. Contributions, investment profits or losses, and administrative and investment costs are deducted from the balance in the account at distribution.
When a tax payer gets a nonqualified distribution?The taxpayer contributions are presumed to be distributed first when a taxpayer gets a nonqualified distribution from a Roth 401(k) account. The remainder comes from account earnings if the payout amount is more than the taxpayer contributions.
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___as a way to measure a social brand, allows firms to set up alerts about their company, good, service, or brand and receive an e-mail whenever they appear online.
Building brand awareness is a way to measure social branding, enabling companies to set up alerts about their company, goods, services, or brands and receive emails whenever they appear online.
What is brand awareness?Brand awareness is the extent to which the brand is recognized by the target group and associated with the product or product category. Brand awareness is the first stage to strategically influence the customer decision-making process. By doing brand awareness, companies can measure the social brand of their company, can create perceptions from consumers, create networks, foster trust and create associations, and can build brand equity.
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the only place a shopper can purchase an item with a kirkland signature label is at a costco store. this is an example of a(n) brand.
The only place a shopper can purchase an item with a kirkland signature label is at a Costco store is an example of private-label brand.
What is Private- Label Brand?A private label product is produced by a contract manufacturer or a third party, and a store markets and sells it after that. Everything about the product is up to you as the merchant, including what's inside, how it's packaged, and how it appears on the label. You must pay extra for shipping it to your store and having it manufactured.
Finally, private labeling enables businesses to outsource the production and sourcing of their products to a different party. When a product is being marketed under a private label, the brand is solely applied to the package. Even though many customers are unaware of it, it is a common practice in today's retail sector.
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Question 3 Which of the following statements is CORRECT regarding cash conversion cycle? A. Other things held constant, it is better to have a relatively short than a relatively long cash conversion cycle. B. Net working capital is defined as current assets plus current liabilities. C. Other things held constant, the length of the cash conversion cycle has no effect on a firm’s profitability. D. Other things held constant, the length of the cash conversion cycle might have an effect on a firm’s profitability, but it is impossible to state if that effect is positive or negative.
It is preferable to have a relatively quick cash conversion cycle than a very lengthy one, all other factors being equal.
The correct option is A.
The profitability increases with shorter CCC (assuming sales and operating costs are constant). The cash conversion cycle (CCC) is a statistic that measures how long it takes a business to turn its investments in inventory and other resources into cash flows from sales, expressed in days.
The cash conversion cycle measures how long it takes a business to turn money spent on production and sales into cash. It is a gauge of how well a business uses its working capital.
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Constanza, who is single, sells her current personal residence (adjusted basis of $204,000) for $571,200. She has owned and lived in the house for 30 years. Her selling expenses are $28,560.
What is Constanza’s realized and recognized gain?
Constanza’s realized gain is $ and her recognized gain would be $.
$ 338,640 and $ 338,640 are Constanza’s realized gain and recognized gain.
Realized gain = (571200-28560)-204000= $ 338,640
Recognized gain = 338640-250000 =$ 338,640
$250000 is the § 121 exclusion exclusion
Capital gains are "realized" (and a problem to tax) while you promote investments that have increased in value. Capital profits are subject to unique tax costs depending on how long you owned the investment.
An investor will pay $1,000 for several stocks of inventory. two years later, he sells the stocks for $1,200. His found out advantage is the $two hundred distinction among the acquisition price and the sale rate of the inventory. till the investor sells the shares, any advantage is classed as an unrealized benefit.
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If the price elasticity of demand is such that a 3% rise in prices leads to a 1% decrease in quantity demanded while the price elasticity of supply is such that a 3% rise in prices leads to a 5% increase in quantity supplied, then which of the following will be a consequence if a key input cost rises?
Increases in production costs can largely be passed along to consumers.
When demand is relatively more inelastic than supply, then increases in production costs can be pushed onto consumers rather than being absorbed by producers. This is because consumers are less responsive to changes in price and are therefore more willing to accecpt higher prices.
The price elasticity of demand (PED) of a good is a measurement of how responsive the quantity demanded is to the price. Almost all goods see a decrease in quantity demanded when prices rise,
however certain goods experience this decrease more than others. When a price increases by 1% while all other factors remain constant, the price elasticity provides the percentage change in quantity required. If the elasticity is 2, a 1% increase in price results in a 2% decrease in amount demanded. Other elasticities gauge how changes in other factors affect the quantity needed (e.g. the income elasticity of demand for consumer income changes). [1]Except in rare circumstances, price elasticities are negative.
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Which is a demographic factor that a company should consider before deciding to enter into a new country? A) transportation structure B) natural resources C) political stability D) languages E) education
education is a demographic factor that a company should consider before deciding to enter into a new country.
Statistics used to describe population characteristics are known as demographics. Using criteria like age, race, and sex, demographic analysis examines a population. The term demographic factor refers to statistically stated socioeconomic information about employment, education, income, marriage rates, birth and death rates, and other topics. In order to better understand a population's characteristics for a variety of purposes, including economic market research and policy creation, governments, businesses, and non-governmental groups employ demographics. In order to increase the number of people who can buy their products, for instance, a company that sells high-end RVs may seek to reach those who are approaching or at retirement age. Individual data like gender, age, marital status, number of children, occupation, level of education, and linguistic heritage are all considered to be demographic factors or variables.
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Forest is starting a lawn care business but needs to buy lawnmowers. He gets some money from Jenny, whom Forest will pay back over time with interest of 6 percent, and some money from Dan, whom Forest promises 10 percent of his future profits. In this case,
a) Jenny is a stockholder, and Forest is a bondholder.
b) Jenny is a stockholder, and Dan is a bondholder.
c) Dan is a stockholder, and Forest is a bondholder.
d) Dan is a stockholder, and Jenny is a bondholde
In this case, option d) Dan is a stockholder, and Jenny is a bondholder.
Business refers to an enterprising entity or organization that carries out skilled activities. they'll be industrial, industrial, or others. For-profit business entities do business to earn a profit, whereas non-profit ones jazz for a charitable mission.
A stockholder is somebody who has shares in an exceedingly company. Stockholders own a chunk of that company. If you are a shareowner within the latest, greatest, financially sound new start-up company, your stock is perhaps price heaps of money! Stockholders are those who hold stocks — in different words, own shares — in an exceedingly corporation.
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find the volume of the solid with base on region r and cross sections perpendicular to the y- axis. the cross sections are rectangles with height equal to six times the length of their base
After solving the volume of the solid is found to be v≈8.92.
In the given question, R be the region enclosed by the graphs of y=e^x, y=x^3, and the y-axis.
The solid's base lies in region R, and its cross sections, which are rectangles with heights equal to six times the length of their bases, are perpendicular to the y-axis.
Now the length of the cross sectional rectangle will be given by
Length= {y^{1/3} if 0≤y≤1
{y^{1/3} - In if 1≤y≤6.406
The height of the rectangles are the six times of the length, therefore the volume of the solid will be given by
V = [tex]\int_{0}^{6.406}A(y)dy[/tex]
where A(y)is the area of the rectangles given by
A(y) = {6(y^1/3)^2 if 0≤y≤1
{6(y^1/3 − lny)^2 if 1≤y≤6.406
Now the volume of the solid :
V=[tex]\int_{0}^{1}6y^{2/3}dy+\int_{1}^{6.406}6(y^(1/3)−Iny)^2dy[/tex]
Using the calculator, we get
V ≈ 8.9177879
V ≈ 8.92
Hence, The volume of the solid is found to be v≈8.92
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The right question is:
Let R be the region enclosed by the graphs of y=e^x, y=x^3, and the y-axis. (Calculator active)
Find the volume of the solid with base on region R and cross sections perpendicular to the y-axis. The cross sections are rectangles with height equal to six times the length of their base.
entries that are made to reverse the effects of certain adjustments are called entries. multiple choice question. reversing closing adjusting
Reversing entries are entries that are made to reverse the effects of certain adjustments.
What is the significance of reversing entries?After the previous reporting period has been closed, reversing entries are made. These are undertaken to reduce out of cycle accruals that were essential to accurately report the accounts on the trial balance. After the previous reporting period has been closed, reversing entries are made. These are carried out to eliminate out-of-cycle accruals that were required to properly report the accounts on the trial balance. Reduces accounting errors: You can use reversing entries at the start of an accounting period to automatically delete adjusting entries from the previous one. It reduces the possibility of recording duplicate expenses and revenues in the general ledger and other financial statements. Reversing entries are used by business owners to cancel out journal entries made in the prior accounting period. Reversing entries are used in accrual accounting, which records revenue and costs as they are earned and incurred rather than only when cash is involved.
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Veterinarians often use non-steroidal anti-inflammatory drugs to treat lameness in horses. A group of veterinary researchers wanted to find out how widespread the practice was in the United States. They obtained a list of all veterinarians treating large animals, including horses. They sent questionnaires to all the veterinarians on the list. Such a survey is called a census. The response rate was 40%. What is the population of interest?
The Population of all veterinarians in the United states treating large animals, including horse.
In this example, Veterinarians and questionnaires were given to them, as a survey. Here Population of interest is the total number of veterinarians in the US caring for large animals, including horses.
Here the study conducted for veterinary research purposes is the census. Census is The systematic gathering, recording, and calculation of data about the constituents of a certain population.
The community or group that a researcher attempts to conclude from is known as a "population of interest." The surveyor is interested in learning additional information about a segment of the general population.
Numerous research projects call for particular interest groups to make decisions in light of their findings.
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7. Describe a career you would like to have, and explain how you could get started and then
advance in that career. (1-3 sentences. 3.0 points)
g in this program you will write a basic employee management system. the system maintains the basic information of employees and their registered address. each employee has a unique address.
An Employee's Management System (EMS) is software designed to handle a company's primary housekeeping functions.
Employee's Management System (EMS) assists businesses in keeping track of all employees and their records. It is used to manage the company through the use of a computerized system.
1. Strategy: To store the employee's data, create a user-defined datatype that will store the employee's information.
2. Creating the Employee's table: The idea behind creating the employee table is to use the array of the above struct datatype to store employee information.
3. Deleting in the record: Because we are storing the data in an array, to delete the data at any index, shift all the data at that index by 1 and delete the last data of the array by decreasing the array size by 1.
4. Searching in the record: To search in the record based on any parameter, traverse the data and if the value parameters match with the record stored at any index, print all the information of that employee.
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the dba interacts with the end user by providing data and information support services to the organization's departments.
The DBA interacts with the end user by providing data and information support services to the organization's departments. This statement is true.
The DBA serves as the main point of contact for data and users. The DBA establishes and upholds the standards and protocols that programmers and end users must follow while working with the DBMS.
The DBA additionally confirms that end-user and programmer access adheres to the necessary security and quality standards.
The DBA actions shown in the aforementioned graphic point to the requirement for a broad range of abilities. Such abilities are probably distributed across numerous DBAs who work in large organizations.
Small businesses may only have one person with the necessary expertise. Technical and managerial talents can be separated into two categories.
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the ledger of vaughn rental agency on march 31 of the current year includes the following selected accounts before adjusting entries have been prepared. debit credit $3.912 2.576 23.910 prepaid insurance supplies equipment accumulated depreciation-equipment notes payable unearned rent revenue rent revenue interest expense salaries and wages expense $8.799 19.490 4,650 64.390 15.370 an analysis of the accounts shows the following. 1. 2. 3 the equipment depreciates 5243 per month one-third of the unearned rent was recognized as revenue during the quarter. interest of $510 is accrued on the notes payable. supplies on hand total $703.
Prepayments are expected to eventually become expenses when their future economic value expires. This is explained in more detail below.
In general, prepaid expenses are simply defined as a balance sheet asset because they represent money spent in advance for products or services. In summary, when the future economic value of prepaid expenses expires, the prepaid amount is recognized as an expense.
Adjusting entries:
No. Particulars Dr. $ Cr. $
1 Depreciation expense Account Dr. 750
To accumulated depreciation - Equipment account 750
2 Unearned rent revenue account Dr. 3,100
To Rent Revenue Account 3,100
3 Interest expense Account Dr. 500
To Interest payable account 500
4 Supplies expense account Dr. 1,950
To Supplies account 1,950
5 Insurance expense account Dr. 900
To prepaid insurance account 900
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the managers at valutech need to determine whether or not the racial makeup of its staff accurately reflects the surrounding labor market. the best way to collect this information is to group of answer choices interview the employees. do a workforce utilization analysis. perform validation studies. use e-verify.
The best way to collect this information is to b) do a workforce utilization analysis.
An investigation of a workforce's demographics is known as a utilization analysis, also known as a workforce utilization review.
The goal is to determine whether an organization employs a particular group (such as women, minorities, etc.) at a rate that is consistent with the availability of the workforce or not (the estimated number of people in designated groups who are available for work).
Utilization analysis is crucial because it guarantees employees' equal access to and access to opportunities.
Not to mention, it motivates businesses to maintain their diversity and inclusion initiatives in accordance with the laws and guidelines overseen by the Equal Employment Opportunity Commission (EEOC). Federal anti-discrimination statutes must be enforced, and that duty falls to the EEOC.
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in order to control creative projects the project manager must adopt one or some combination of three general approaches
To control creative projects the project manager must adopt one or some combination of three general approaches to the problem but option b, creativity check is not one of them.
A creativity check is crucial for consistent growth and innovation in a business. Creativity generates new and useful ideas. They often focus on smart work and high productivity. It ensures that routine at the workplace is not accompanied by stagnation. Productivity improves with unique innovations and keeps the working environment creative which is useful for the business to thrive in the market.
To control creative projects, various parts of a project like resources, schedule, potential risks, or changes are assessed. A creativity check is a secondary option under the performance of employees. Therefore, a creativity check cannot be one of the general approaches to the problem.
Complete options to the question are:
a. control of input resources
b. creativity check
c. process review
d. personnel reassignments
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autumn company began the month of october with inventory of $15,000. the following inventory transactions occurred during the month: the company purchased inventory on account for $22,000 on october 12. terms of the purchase were 2/10, n/30. autumn uses the net method to record purchases. the inventory was shipped f.o.b. shipping point and freight charges of $500 were paid in cash. on october 31, autumn paid for the inventory purchased on october 12. during october inventory costing $18,000 was sold on account for $28,000. it was determined that inventory on hand at the end of october cost $19,060.
AS per the given financial transactions, the net purchase amount is $21,560
The term transactions refers the a monetary activity that is recorded as an entry in accounting records and has a monetary effect on the financial statements.
Here we have given that autumn company began the month of October with inventory of $15,000.
And we need to find net purchase amount.
While we looking into the given question, we have identified that the company purchased inventory on account for $22,000 on October 12.
And we also know that during October inventory costing $18,000 was sold on account for $28,000 and it was determined that inventory on hand at the end of October cost $19,060.
Therefore, hereby using the net method, we have calculated the value of Purchase discount as
=> Gross purchases × Purchase discount rate
Apply the values on the formula, then we get
=> 22,000 × 2/100
=> $440
According to the purchase discount the net purchases is calculated as,
=> Gross purchases - Purchase discount
=> $22,000 - $440
=> $21,560
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mobile marketing has a unique ability to empower users by connecting with them individually and continuously. this socially networked world will lead to connected users having more multiple choice freedom to express individual tastes and changing needs. options to avoid advertising or other promotions. direct interactions with sellers. presence of mind in situations of conflict or dissatisfaction. opportunities for cannibalization.
By establishing personal and ongoing connections with people, mobile marketing has a special capacity to empower them. Connected users will interact with vendors more directly in this socially networked society.
Any form of advertising that uses mobile devices, such as tablets and smartphones, to advertise goods and services is known as mobile marketing. It uses characteristics of contemporary mobile technology, such as location services, to customize marketing campaigns according on a person's location. Technology may be applied to mobile marketing to offer tailored promotions of products or services to a user who is always connected to a network. Promotions provided by SMS text messaging, MMS multimedia messaging, downloaded applications utilizing push notifications, in-app or in-game marketing, mobile websites, or by using a mobile device to scan QR codes are all examples of mobile marketing.
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which of the following tasks in the global market opportunity assessment process should be performed directly before the task of estimating company sales potential?
Out of the choices provided above, it can be said that to choose a qualified business partner is a task in the global market opportunity assessment process should be performed directly before the actual task of estimating company sales potential. Therefore, the option D holds true.
The sales potential of a corporation is an extremely important estimate to be computed by the managers. It is indispensable because it can help the company seek opportunities in newer markets through the process of picking some highly qualified business partners in the new markets.
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Which of the following tasks in the global market opportunity assessment process should be performed directly before the task of estimating company sales potential?
A) analyze the company's readiness to internationalize
B) screen countries to identify target markets
C) assess industry market potential
D) choose qualified foreign business partners
Solve the given problem related to compound interest. If $5750 is invested at an annual interest rate of 5.5% for 25 years, find the balance if the interest is compounded on the following basis. (Round your answers to the nearest cent. Assume a year is exactly 365 days.) (a) monthly $ (b) daily $
Calculate and compare interest rates for various compounding periods using this free compound interest calculator, or use it to learn more about compound interest.
If the interest is compounded annually, how do you figure out the final balance?In order to compute compound interest, multiply the principle of the original loan by the annual interest rate multiplied by the number of compound periods minus one. You will then be left with the principal amount of the loan plus compound interest.
How may a situation involving compound interest be resolved?A = P(1 + r/n)(tn), where A is the future value, P is the current value or principle amount, r is the rate expressed as a decimal, and n is the number of compounding periods, is the formula for compound interest.
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A monopolistically competitive firm may be able to continue earning greater than a normal profit in the long run ______.
A monopolistically competitive firm may be able to continue earning greater than a normal profit in the long run by further product differentiation.
Monopolistically competitive firm is a firm operating within a monopolistically competitive market. Monopolistically competitive market is a market structure with many companies present and produce similar but differentiated products. All firms within this market are not price takers, they compete using their products quality, price, and marketing strategy. The entry barrier in this market is relatively low, make it easy for any firms to enter and exit the market.
In the short-run, it is easy for a company to earn profits. Since the company faces a downward sloping demand curve, it will earn maximum profit where MR = MC with P > MR. In this condition, a firm is experiencing a deadweight loss since the equilibrium is less than what it would occur in a competitive equilibrium.
In the long-run, the profits and the market will attract new competitors into the market and shift the company's demand curve to the left. The shift in demand curve will change the quantity demanded at the initial given price. This shifting will also affect the marginal revenue curve to shift to the left. The shift in marginal revenue curve will change the profit-maximizing quantity, where it would meet the marginal cost curve.
Without any new product differentiation, this shifting will occur until no longer profits are available in the market. This condition will happen until when P = ATC and MR = MC. When P = ATC, the firm will no longer produce any profit.
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Lansing Corporation, a publicly held company with a 21% tax rate, paid its PEO an annual salary of $2.3 million. Ignoring payroll taxes, calculate the after-tax cost of this payment.
A) $2.3 million
B) $1.817 million
C) $2.09 million
D) $0
C) $2.09 million
Explanation: Only $1 million of the PEO's salary is deductible. After-tax cost is $2.09 ($2.3 million - $210,000 tax savings [$1 million × 21%]).
The after-tax cost of this payment is $1.817 million
How to calculate after-tax cost?Company’s tax rate = 21%
Annual salary paid to PEO = $ 2.3 million
By paying PEO’s annual salary, the following amount can be reduced from taxable income:
= Annual salary of PEO x Tax rate
= $ 2.3 million x 21%
= $ 0.483 million
Finally, effective cost of payment = $2.3 million - $0.483 million
= $1.817 million
Therefore, after-tax cost of this payment is $1.817 million
what is after-tax cost?The tax which is to be paid after subtracting savings from the actual amount of federal and state is considered as after-tax cost.
After-tax cost = Actual tax to be paid – Savings from taxable income
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Which of the following is an example of persuasion through the use of logos ('logos' as in philosophy, not trademarks)? A. Recycle now before we destroy our ...
This supplement will improve your dog's mobility by 65% in under two weeks is an example of persuasion through the use of logos ('logos' as in philosophy, not trademarks)
The act of persuading someone to behave or to hold a particular belief is known as persuasion.
With the help of reason and logic, the persuasive strategy known as logos seeks to persuade a listener. The use of data, facts, charts, and graphs in logos, often known as "the logical appeal," is one type of advertisement.
The author uses logos when he or she connects concepts in a way that is understandable and logical, as well as when they are supported by data. Another technique is to support your claim with literal and historical comparisons.
The foundation of any persuasive argument is unquestionably logos.
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