Product management is referring to a group of people from diverse areas within an organization who work together to focus exclusively on the development of a new product.
An entity, such as a business, institution, or association, that is made up of one or more people and serves a specific purpose is known as an organization or organization (Commonwealth English; see spelling variations).
The word is derived from the Greek word organon, which also refers to an instrument, an organ, and various tools.
There are many different legal types of organizations, such as corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, among others.
An organization that simultaneously performs functions for the public good and expands commercial market activities is known as a hybrid organization.
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Rather than carrying 15 brands of laundry detergent, ________ offer one or two brands and sizes, one of which is a store brand.
Limited-assortment supermarkets offer one or two brands and sizes, one of which is a store brand.
What are Limited-assortment supermarkets?Retailers who provide only one or two brands or sizes of most items (typically including a store brand) and strive for high efficiency in order to reduce expenses and prices. Supercenters are large businesses that combine full-line discount stores and groceries in one location. Warehouse Clubs: Large businesses with an erratic inventory, low service levels, and low pricing frequently require consumers to join. Convenience Stores: A type of shop that sells a limited number of things in a small store with quick checkout. Department Stores: A retailer that carries a wide range of merchandise (broad variety) and a large number of items within each category (deep assortment); provides some customer services, and is organized into separate departments to display its merchandise.
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miller corporation is considering replacing a machine. the replacement will reduce operating expenses by $20,000 per year for each of the five years the new machine is expected to last. although the old machine has zero book value, it can be used for five more years. the depreciable value of the new machine is $52,000. the firm will depreciate the machine using a straight line depreciation over five years. it has a 21% tax rate. calculate periodic cash flow in year 2. hint: first, calculate net earnings after tax, then calculate operating cash flows.
Incremental profits before depreciation and taxes 17000
Less Depreciation=48000*20% 9600
Net profit after tax 7400
Less: Tax 2960
Net profits after tax 4440
Operating cash flows= PAT+ Depreciation 14040
Incrementalism is a way of working by way of adding to an undertaking the usage of many small incremental modifications in preference to some (extensively deliberate) big jumps. Logical incrementalism means that the stairs inside the procedure are sensible.[1] Logical incrementalism specializes in "the electricity-Behavioral method to making plans in preference to the Formal structures making plans method".[1] In public coverage, incrementalism is the approach of alternate with the aid of which many small coverage adjustments are enacted over the years so as to create a bigger large based totally coverage exchange. Political scientist Charles E. Lindblom evolved this theoretical policy of rationality in the Fifties as a center way among the rational actor model and bounded rationality, as both long-time, aim-pushed policy rationality and satisficing have been no longer visible as good enough.[citation needed]
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one of the basic premises of security analysis, and in particular fundamental analysis, is that
One of the basic premises of security analysis, and in particular fundamental analysis, is that all securities have an intrinsic value that their market value will approach over time.
Fundamental analysis in accounting and finance is the analysis of a company's financial statements. health; competitors and markets;
It also takes into account the overall state of the economy and factors such as interest rates, production, income, employment, GDP, housing, manufacturing, and government. Fundamental analysis (FA) measures the intrinsic value of a security by examining relevant economic and financial factors. Intrinsic value is the value of an investment based on the issuer's financial condition and current market and economic conditions. There are two types of fundamental analysis: qualitative analysis and quantitative analysis.Learn more about the fundamental analysis here: https://brainly.com/question/13841885
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assume that a grower of flower bulbs sells its annual output of bulbs to an internet retailer for $70,000. the retailer, in turn, brings in $160,000 from selling the bulbs directly to final customers. what amount would these two transactions add to personal consumption expenditures and thus to gdp during the year?
The total contribution to GDP would total the sum of the two numbers or $190,000.
What is GDP?The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. For instance, the government of the United States produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Each set of data in this report is presented in real terms, which means that it has been adjusted for price changes and is therefore net of inflation.Hence, The total contribution to GDP would total the sum of the two numbers or $190,000.
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An alternative means of structuring an international sale when conventional means of payment are difficult, costly, or nonexistent is a.
A countertrade is a different way to structure an international sale when using traditional payment methods is difficult, expensive, or not possible at all.
How does countertrade work?In a reciprocal kind of international trade known as countertrade, products or services are traded for other products or services rather than for hard currency. International trade of this kind is more prevalent in poorer nations with scarce credit or foreign exchange resources. Barter, counter purchase, and offset are the three basic classifications for countertrade.
Countertrade in whatever form gives countries with little access to liquid capital a way to exchange goods and services with other countries. Countertrade is a component of a comprehensive import and export strategy that makes sure a nation with few local resources has access to the goods and raw materials it needs.
Additionally, it gives the exporting country the chance to sell its goods and services in a bigger global market, fostering expansion in its industries.
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Catarina purchased a book to be read on her kindle through amazon. What would be the best mode of transportation for this item?.
Catarina purchased a book to be read on her kindle through amazon. digital transportation would be the best mode of transportation for this item.
the act of moving people or things from one location to another using a variety of ways is called transportation. A system of getting people or things from one place to another, as using buses or railroads, is called transportation. [mostly US] Usually, public transportation is available to get to campuses. An ex-executive from a Wall Street hedge fund founded Amazon.com; he chose the name primarily because it started with the alphabet's first letter and because it was associated with a huge South American river. A non-government organization in India is called Amazon India Limited. It is a publicly traded company that is categorized as a "company limited by shares." The company has authorized capital of Rs 250.0 lakhs and paid-up capital of Rs 5.18 lakhs, or 2.07%.
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direct disk drive company operates a computer disk manufacturing plant. direct materials are added at the end of the process. the following data were for august 20x5: work in process, beginning inventory 150,000 units transferred-in costs (100% complete) direct materials (0% complete) conversion costs (90% complete) transferred in during current period 450,000 units completed and transferred out 400,000 units work in process, ending inventory 200,000 units transferred-in costs (100% complete) direct materials (0% complete) conversion costs (65% complete) calculate equivalent units for conversion costs using the fifo method.
The Fifo method will result in equivalent units for conversion costs of 395,000 units.
In cost accounting, the term "conversion costs" refers to the sum of direct labor costs and manufacturing overhead costs. In other words, conversion costs are expenses incurred by a company for products or manufacturing that are not directly related to the cost of raw materials.
Simply summing up all direct labor costs and manufacturing overhead costs yields conversion costs. The labor costs that can be directly linked to a product are known as direct labor costs.
Process start-up equals (150,000 x 0.10) = 15,000 units.
Completion and transfer out: (450000 - 200000) = 250,000 units
Add: Ending work in progress equals (200,000 – 0.65), which equals 130,000 units.
395,000 units are the equivalent units for the conversion cost using the FIFO method.
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every year, alice gets a raise of $3000 plus 5% of her previous year's salary. her starting salary is $50000. what is her salary in the third year?
If Alice gets a raise of $3000 plus 5% of her previous year's salary, then Alice salary in the third year would be 67338.
Explanation of the above answer
S (0) is her first salary which is $50,000
S (1) would be her next salary.
To find this, we take her previous salary ($50,000) and add 5% (.05*$50,000) + $3000
This is equivalent to S (1) =S (0) +.05(S(0))+3,000
S (1) = $50000 + 2500+3000 = $55500
similarly, S (2) = 61275
and S (3) = 67338
Hence, salary in the third year would be 67338
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_____ means that all customers are treated the same. This approach might sound attractive because it simplifies the marketing task, but it is usually unrealistic because customers differ. 1. One-to-one marketing 2. Group marketing 3. Gender marketing 4. Mass marketing
Mass marketing means that all customers are treated the same. This approach might sound attractive because it simplifies the marketing task, but it is usually unrealistic because customers differ It may sound appealing because it simplifies the business, but generally unrealistic.
Creating a client profile or persona will help easily define your guests' requirements by understanding their buying patterns, similar to what, how, and where they buy – and more importantly – their provocations for buying.
One-to-one marketing is at the other minimum. It means that each client serves as his or her own member. This approach sounds appealing from the client's point of view because the product would be acclimatized especially for each person's distinctive solicitations.
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A ______ is a fixed income investment that represents a loan from an investor to a borrower.
'A Bond is a fixed-income investment representing a loan from an investor to a borrower.
A bond refers to any type of investment in which the borrower or issuer is obliged to make fixed payments according to a set schedule. For example, a borrower may be required to pay interest once a year at a fixed rate and repay the principal when due.
Fixed Income is an investment approach focused on preserving capital and income. This typically includes investments such as government bonds, corporate bonds, CDs, and money market funds. Fixed-income securities can provide a steady income stream with less risk than stocks.
Fixed Income is an investment approach focused on preserving capital and income. This typically includes investments such as government bonds, corporate bonds, CDs, and money market funds. Fixed-income securities can provide a steady income stream with less risk than stocks.
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when a partner contributes property subject to a debt to a partnership, the debt relief the partner experiences is treated as:
In order to recognize debt relief as a cash distribution and reduce their outside basis, partners who get debt relief by transferring debt-related property to a partnership must do so.
An investor cash distribution is what?A cash dividend is a payment made from a company's current earnings or accumulated profits that is normally distributed to stockholders. Contrary to stock dividends or other forms of value, cash dividends are paid out in cash.Term "Cash Distribution" refers to a cash entitlement arising from a Security on Loan and made up of a dividend, interest payment, or other payment made by the issuer of the Security on Loan.In order to recognize debt relief as a cash distribution and reduce their outside basis, partners who get debt relief by transferring debt-related property to a partnership must do so. The term "basis" refers to a partnership's ownership position in its own assets.To learn more about Cash Distribution refer to:
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abc corp is currently has a debt-to-enterprise value ratio of 20%. its current cost of equity is 12% and its current cost of debt is 4%. the firm wants to permanently change its financing policy to target a debt-to-enterprise value ratio of 37%. the cost of debt associated with this new financing policy will be 5%. assuming perfect markets, what will abc's cost of equity be after it implements this new financing policy? express your answer in percent and round to two decimals (do not include the %-symbol in your answer).
The cost of equity for ABC corp after implementing the new financing policy will be 13.57%
Current debt to enterprise ratio = 20%
(Wd) Debt = 0.20
(We) Equity = 1-0.20 = 0.80
Cost of Equity (re) = 12%
Cost of Debt (rd) = 4%
WACC = Wd*rd + We*re
= (0.20*0.04) + (0.80*0.12)
= 0.008 + 0.096
= 10.4%
After implementing the new capital structure in perfect markets the value of WACC will remain the same
Target debt to enterprise ratio = 37%
(Wd) Debt = 0.37
(We) Equity = 1-0.37 = 0.63
rd = 0.05
10.4% = Wd*rd + We*re
10.4% = 0.37*0.05 + 0.63*re
0.104 = 0.0185 + 0.63*re
0.0855 = 0.63*re
re = 13.57%
So, the cost of equity will be 13.57%
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which of the following defines when a lender charges a borrower more than the highest allowable interest rate?
usury (the illegal action or practice of lending money at unreasonably high rates of interest.
Usury is the practice of making loans at interest rates that are deemed excessively high or greater than those permitted by law. Under King Henry VIII, usury first spread throughout England and was initially defined as the practice of adding any amount of interest to loans of money. Over time, term came to indicate charging excessive interest, but charging interest at all is forbidden in some cultures and religions.
The practice of charging interest on loans is not new, but in England in the 16th century, there were restrictions placed on the maximum amount of interest that could be charged lawfully. However, certain religions have never engaged in usury because it goes against their fundamental beliefs throughout history.
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which security has the lowest direct issuance costs (on average)? group of answer choices initial public offerings (ipos) seasoned equity offerings (seos) convertible bonds standard bonds
Bonds security has the lowest direct issuance costs(on average).
When a personal organisation first sells shares of stock to the public, this method is recognized as an preliminary public providing (IPO). In essence, an IPO means that a company's possession is transitioning from non-public ownership to public ownership. For that reason, the IPO method is occasionally referred to as "going public
What costs in an IPO commonly exceed all different costs?Underwriting fee
Underwriting costs are the greatest single direct cost related with an IPO. Based on public filings of 829 companies, prices to groups vary an average of 3.5% to 7.0% of gross IPO proceeds.
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https://brainly.com/question/15738101#SPJ4some vending machines on college campuses sell identical items, such as the same bags of potato chips, for two different prices. the low-priced chips generally sell out by the end of the day, leaving the more expensive chips for late-night visitors to the vending machines. what must the vending machine operators think about the demand of people who visit the machine at night relative to those who visit the machine during the day? why might they think this? people who buy snacks at night have more elastic demand than people who buy snacks during the day. people buying snacks at night have probably already eaten three full meals. people who buy snacks at night have less elastic demand than people who buy snacks during the day. people buying snacks at night have fewer substitutes from which to choose, since a lot of restaurants and other stores are likely to be closed. people who buy snacks at night have more elastic demand than people who buy snacks during the day. people who are in the building late at night are likely to have an office in which they can store food. people who buy snacks at night have less elastic demand than people who buy snacks during the day. people who buy from the vending machines at night are more likely to bring food from home and thus not need food from a vending machine.c
People who buy snacks at night have less elastic demand than people who buy snacks during the day. People buying snacks at night have fewer substitutes from which to choose (since a lot of restaurants and other stores are likely to be closed).
Call for is the amount of a great that clients are willing and capable of purchase at diverse fees for the duration of a given time. the relationship among charge and amount demand is likewise called the demand curve.
Demand truly way a customer's choice to buy goods and offerings with none hesitation and pay the fee for it. In easy phrases, demand is the quantity of products that the customers are equipped and inclined to shop for at numerous prices throughout a given time body.
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if abc company issues 100 of its $1,000 bonds at a price of 110, the journal entry to record the transaction includes a:
The journal entry includes Debit to cash of $110,000, Credit to bonds payable of $100,000, Credit to premium on bonds payable of $10,000
What is journal entry ?A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Depreciation or bond amortisation are examples of recurring items that can be recorded in journal entries. Accounts payable normally has its own subledger that indirectly impacts the general ledger, and journal entries are frequently filed using a different module in accounting software.
- Debit to cash of $110,000
- Credit to bonds payable of $100,000
- Credit to premium on bonds payable of $10,000
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during a bankruptcy proceeding, bond a will be paid only if funds remain after the bonds that have a higher claim on the issuer's assets have been paid. what type of bond is bond a?
The type of bond is bond Subordinated debenture
What is Subordinated debenture ?A subordinated debt, usually referred to as a subordinated debenture, is an unsecured loan or bond that has lower priority in relation to claims on assets or earnings than other, more senior loans or securities.Consequently, junior securities also refers to subordinated debentures.Mezzanine debt, or debt that involves an investment, is an illustration of subordinated debt. A subordinated feature, where some tranches are regarded as subordinate to senior tranches, is another characteristic of asset-backed securities.Investors do not receive voting or control rights through subordinated debt, which does not dilute current shares. It does not have onerous financial or operating covenants like traditional debt does. The issuer may deduct interest payments on subordinated debt from taxes.
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match each example to the market structure it is most likely to belong to. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. perfect competition monopolistic competition oligopoly monopol
The examples when matched with their market structure, gives:
Perfect ( pure) competition:
Dolly Mac's Corn Farm Wheat Farms, Inc.Monopolistic Competition:
Ruby Shoesday, a shoe store in AlbuquerqueCarl's Taco Truck, one of many food carts on Food Trailer LaneOligopoly:
Verizon competing in the American cell phone marketU.S. Steel DodgeMonopoly:
Florida Power and Light, the exclusive supplier of electricity in Orlando, FLSomnuschola, a newly patented drug that gives students the ability to absorb lectures even while sleeping during classWhat are the market structure types?Pure or perfect competitions is a market structure type that allows for unlimited competition between sellers. This is the case for farms as almost anyone can farm.
There are monopolistic markets where there are many sellers but the products are differentiated as is the case with food carts which sell different foods. Shoe shops would also make different shoe designs.
Oligopolies are those where a few companies control the market. We see this with the cell phone market with networks like Sprint and Verizon.
There are also monopolies which are the only ones in a market like drug companies with patents or electricity companies.
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If a mutual fund is already a form of diversification, why is it important to also diversify your investments into different mutual funds?.
The main reason to diversify is to reduce your risk. Keep in mind, though, that investing always involves some risk.
But by having many types of investments (aka diversification), you can still put your money to work without destroying your financial future if one of your investments goes under.
Funding is the dedication of cash to buy of an asset to attain an boom in cost over a time period. Investment requires a sacrifice of some gift asset, consisting of time, cash, or an attempt. In finance, the cause of making an investment is to generate a go back from the invested asset. The return may additionally encompass a benefit (income) or a loss found out from the sale of a assets or an funding, unrealized capital appreciation (or depreciation), or funding income together with dividends, hobby, or rental profits, or a aggregate of capital advantage and profits. The return can also encompass foreign money gains or losses because of modifications inside the overseas foreign exchange rates.
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meredith and derek have a son, alex, who is severely disabled and will need assistance with custodial care for the remainder of his life. they own a successful business and would like to set aside $1,000,000 to provide for his quality of life needs without causing the loss of any government benefits to which alex is entitled. which of the following is the most appropriate recommendation for meeting their needs? meredith and derek have a son, alex, who is severely disabled and will need assistance with custodial care for the remainder of his life. they own a successful business and would like to set aside $1,000,000 to provide for his quality of life needs without causing the loss of any government benefits to which alex is entitled. which of the following is the most appropriate recommendation for meeting their needs? establish and fund a third party special needs trust. transfer the funds to an able account. purchase a life insurance policy with a $1,000,000 death benefit, naming alex as the beneficiary own the funds in a pod brokerage account with alex as the beneficiary.
The earnings in ABLE Accounts grow federally tax-deferred and withdrawals are tax-free if used for qualified disability expenses.
Contributions to an ABLE account are tax deductible, but all investment income is tax deductible as long as the amount withdrawn from the account is used to cover eligible disability expenses. These expenses include, but are not limited to:-Medical education, tutoring, and training Transportation for persons with disabilities Assistive technology Housing law and administrative expenses.A key feature of the ABLE account is that the first $100,000 of the account is not treated as personal property of the beneficiary of the account. This is important because federal law generally prohibits individuals from receiving assistance such as Medicaid, housing assistance, and supplemental income. Financial assets worth $2,000 or more.
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Sport management and marketing agencies perform functions for industry stakeholder groups defined as?.
Sport management and marketing agencies perform functions for industry stakeholder groups defined as talent, properties, corporate brands, media companies.
Management is the administration of an corporation, whether or not it's far a business, a non-earnings agency, or a government frame. it's far the art and science of dealing with sources of the enterprise.
The control definition is a single or institution of folks that challenges and oversees a person or collective group of humans in efforts to accomplish favored dreams and targets. moreover, the definition of control consists of the capacity to plot, arrange, reveal and direct individuals.
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a small energy drink company would like to sell its product in europe. they have demographic information for the u.s. customers and think that customers with similar income and education levels in europe would be its target market. to find this information for countries in europe, marketers could use:
Torrents of terabytes worth of data have been released by the data big bang, covering everything from consumer behavior to weather trends to demographic developments in emerging markets.
Which of the following marketers collects data from already-public sources like a census report or an industry association study?Market research that has already been prepared and organized for you is known as secondary market research. Reports and studies by governmental organizations, industry trade groups, or other companies are examples of secondary information.
Which of the following statements best describes external secondary data sources?Books, private sources, journals, newspapers, websites, government documents, etc. are examples of secondary data sources. Compared to primary data, secondary data are thought to be easier to find. Little research is needed, and labor is needed only to employ these resources.
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sarah files her tax return with a long term capital loss of $20,000 and a short term capital gain of $15,000. she had only one w-2 with $18,000 earnings and one 1099-b from a brokerage. what is the amount of sarah's capital loss carryforward?
Sarah's capital gain carryforward is $5000.
Capital gains and losses=[long term capital gain+(long term capital loss)]-
[short term capital gain+(short term capital loss]
Let plug in the formula
Capital gains and losses=[$0+($20,000)]-[$15,000+($0)]
Capital gains and losses=($20,000)-$15,000
Capital gains and losses=$5,000
Therefore the amount and nature of sarah's capital gains and losses is $5,000 net long-term capital gain.
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Trucking llc enters into a contract to deliver a certain quantity of potatoes to united foods’s refrigerated warehouse in exchange for a specified payment. Trucking delivers the spuds to the location. United’s duty to pay is.
Trucking LLC enters into a contract to deliver a certain quantity of potatoes to United Foods's refrigerated warehouse in exchange for a specified payment. Trucking delivers substantially all of the spuds to the location. United's duty to pay is absolute.
What does chilled warehousing entail?Also called Cold Store. Items are kept in warehouses; goods that must be kept at specific temperatures to stay fresh are kept in refrigerated warehouses. Insect damage, rotting, and sprouting are all prevented by refrigerated storage.
What conditions must refrigeration storage meet?Storage in a fridge. Refrigerators in homes should be maintained at or below 40°F (4°C). Keep an eye on the temperature using a thermometer for the refrigerator. Refrigerator temperatures should be set between 1°C and 4°C (34°F to 40°F) to prevent unintentional food freezing.
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The monopoly markup depends upon the:
a. supply curve.
b. elasticity of demand.
c. consumer surplus.
d. producer surplus.
The elasticity of demand is determining the monopoly markup.
The degree to which demand responds to a change in an economic factor is referred to as the elasticity of demand. When determining elasticity, the most common economic factor is price. The level of income and the availability of alternates are additional factors. The change in demand caused by changes in economic factors is measured by elasticity.
What are the four kinds of flexibility?
Four kinds of versatility are request flexibility, pay versatility, cross flexibility, and cost flexibility.
Explain elasticity in detail.
elasticity is the capacity of a body made of a deformed material to regain its original size and shape when the forces that caused it are released. A body with this ability is said to be flexible in its behavior (or response).
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the fact that minnie spends most of her time measuring costs and checking to see if departments are staying within their budgets suggests that she is often involved in: multiple choice auditing. managerial accounting. bookkeeping. departmental certification.
Minnie appears to be frequently involved in managerial accounting based on the fact that she spends the most of her time assessing expenditures and determining if departments are adhering to their spending plans.
Which of the following accounting types generates data for use by the company and decision-making?In managerial accounting, financial data is presented for internal use so that management can use it to make important company decisions. In contrast to financial accounting, managerial accounting techniques are not constrained by accounting rules.
Who among the following is in charge of gathering the data needed to make financial decisions?The financial statements of an organization, such as the income statement (also known as the profit/loss statement), the statement of owner's equity, the balance sheet, and the statement of cash flows, which summarize and assess a company's past and present performance, are prepared by financial accounting.
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Which statement describes a primary feature of a buying center?
a. Membership and influence does not vary from company to company.
b. The number of people involved in a buying center varies with the complexity and importance of a purchase decision.
c. The composition of the buying group usually is static for all purchases.
d. The average buying center includes more than 10 people.
The statement describes a primary feature of a buying center as a The number of people involved in a buying center varies with the complexity and importance of a purchase decision.
What is meant by buying center?
An organization's "all those members who become involved in the purchasing process for a certain product or service" are brought together by a buying center, also known as a decision-making unit (DMU)
A DMU was first envisioned by Robinson, Farris, and Wind in 1967. (1967).
A DMU is made up of every employee of a company that participates in the purchasing decision.
Those with financial and buying experience, as well as those with technical knowledge and, of course, senior management, are involved in the decision to acquire. According to McDonald, Rogers, and Woodburn (2000), a prerequisite in the sales process is being able to identify and influence every person who is engaged in the purchasing decision.
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a(n) __________ is that there is a true difference between two groups’ population parameters.
An alternative hypothesis is that there is a true difference between the two groups’ population parameters.
A t-check is a statistical test this is used to examine the approach of groups. It's miles often utilized in speculation trying out to determine whether a system or treatment sincerely has an effect on the populace of interest, or whether agencies are special from each other.
Begin by looking on the left side of your range of freedom and find your variance. Then, move upward to see the p-values. Compare the p-fee to the importance degree or rather, the alpha. Remember that a p-value less than 0.05 is considered statistically full-size.
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what amount would a person with actual cash value (acv) coverage receive for two-year-old furniture destroyed by a fire? the furniture cost $2,720 originally but would cost $5,440 to replace today and had an estimated life of five years.
The monetary value of an object that takes into account the item's age and condition is called actual cash value. It is calculated by adding up the cost of replacing the item and deducting the amount by which its value has declined over time.
How to calculate depreciation:
Age of the furniture + (Value of the furniture / Approximate or Useful Life of the Furniture) = Depreciation
The furniture is worth $2,720.
The estimated lifespan of furniture is 5 years.
2 years old furniture costs $2720 divided by 5. × 2 \s= $272 \s= $272
Making the ACV as follows: Actual Cash Value (ACV) is determined by subtracting the depreciation worth from the furniture's value, which in this case is $2720. Using the values above as a guide: ACV = $2720 - $2720, which equals $0.
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A purely competitive industry has a very ______ number of sellers, whereas the other three market structures reflect a progressively ______ or ______ number of sellers.
A purely competitive industry has a very large number of sellers, whereas the other three market structures reflect a progressively smaller or decreasing number of sellers.
What are three examples of a market that is only competitive?
Agrarian goods like corn, wheat, and soybeans are excellent examples of a market that is purely competitive. Monopolistic competition is similar to pure competition in that it has few barriers to entry and many suppliers.
What exactly is a product whose market is only competitive?
The characteristics of a market with pure competition the products that are sold are identical. Every seller is the same. It is simple for new businesses to enter the market. Products are priced according to what customers are willing to pay.
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