Answer:
D. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Explanation:
Marketing goes way beyond selling and covers everything from planning to production and delivery/distribution to the customers. This is because marketing is a key/critical part of the business. Marketing is aimed at creating value for the customers and satisfying their needs in this way therefore marketing in business is not focused on selling but goes beyond that to breach the gap of satisfying and solving customers problems. This is seen in businesses who are marketing concept oriented and not selling concept oriented
Read the scenario:You are writing a research report on financial derivatives.
What should you do when performing secondary-source research? A. Search electronic databases for relevant material.
B. Conduct interviews with subject experts.
C. Go to the library, and look for books on the subject.
D. Hold focus groups.
Answer:
A. Search electronic databases for relevant material.
C. Go to the library, and look for books on the subject.
Explanation:
In a research study, a secondary source is a term that describes a form of source which is not the original source to the interpreted data. In other words, it involves already prepared data which can easily be found in places like academic books and journals
Hence, in this case, when performing secondary-source research, the following should be done amongst others:
1. Search electronic databases for relevant material.
2. Go to the library, and look for books on the subject.
This is because the aforementioned involves a place to get a secondary source and it will save time and effort.
On the other hand, Holding focus groups and conducting interviews involves primary source research
Which programs or projects are most likely funded by taxes paid by the citizens of the United States? Select three options.
constructing a highway
public school funding
developing a vacation resort
building of private homes
maintaining state parks
Answer:
constructing a highway public school fundingmaintaining state parksExplanation:
The projects and programs funded by taxes of the United States includes social security, national security, medicare, social services, etc.
The three programs that's been listed in the options given above, that are funded by taxes paid by the citizens of the United States are:
Constructing a Highway: Highway is an important mode of transportation, thus the government pay taxes to construct highways and roadways. The government cares about the public infrastructures.Public School Funding: Public School Funding is another program that if funded by taxes by the government. The government is concerned about the future of youth and new generation, thus they invest in the future of the country.Last but not the least, maintaing state parks: Maintenance of state parks is another program funded by the government. State parks are the place that attracts tourism and many people love to go to parks thus for the welfare of public the government funds for the maintenance of state parks.Thus the correct options are constructing a highway , public school funding, and maintaining state parks.
Which programs or projects are most likely funded by taxes paid by the citizens of the United States? Select three options.
constructing a highway
public school funding
developing a vacation resort
building of private homes
maintaining state parks
Clarence draws detailed plans for highways and bridges. His job is best described as one focused on . Denise assembles roofing materials on new buildings. Her job is best described as one focused on .
Answer:
Clarence: architecture
Denise: construction
Explanation:
just finished the question.
Answer:
Clarence wants to be an architect and Denise wants to be a construction worker.
Explanation:
A painting operation is performed by a production worker at a labor cost of $1.40 per unit. A robot spray-painting machine, costing $15,000, would reduce the labor cost to $.20 per unit. If the device would be valueless at the end of 3 years, what is the minimum number of units that would have to have been painted each year to justify the purchase of the robot machine
Answer:
4,166.66 units per year
Explanation:
Break-even is defined as the production volume at which the cost incurred in the production process is equal to the revenue earned.
Production above this point will result in positive revenue for the company.
The formula for break-even is
Break-even= Fixed cost ÷ (Difference in cost of labour per unit)
Difference in labour cost is the gain from this process. When it involves sales the denominator is Sales price less variable cost.
Break-even = 15,000 ÷ (1.4 - 0.2)
Break-even = 12,500 units
Production will have to exceed 12,500 units to justify purchase of the robot for 3 years.
Units produced per year will be
12,500 ÷ 3 = 4,166.66 units per year
If the required reserve ratio is 10 percent, what is the simple deposit multiplier? a. 20 b. 100 c. 5 d. 10
Answer:
D.) 10
Explanation:
Given the question:
Required reserve ratio equals 10 percent, Calculate the simple deposit multiplier?
Given that :
Reserve ratio (RR) = 10% = 0.1
The simple deposit multiplier is the reciprocal of the required reserve ; mathematically expressed as :
Simple deposit multiplier = 1 / RR
Simple deposit multiplier = 1 / 0.1
Hence simple deposit multiplier = 10
Takeover target is run by entrenched management that insists on reinvesting 60% of its earnings in projects that provide a ROE of 10%, despite the fact that the firm’s capitalization rate is r=15%. The firm’s year-end dividend will be $2 per share, paid out of earning of $5 per share. At what price will the stock sell? What is the present value of growth opportunities (PVGO)? Why such a firm be a takeover target for another firm?
Answer:
Growth = ROE * Retention ratio
Growth = 10% * 60%
Growth = 6%
Price of Stock = Dividend / (Capitalization Rate - Growth)
Price of Stock = 2/(15%-6%)
Price of Stock = 2 / 0.09
Price of Stock = 22.22
The stock will sell at per $22.22
PVGO = Stock Price - Earnings per share / Cost of Equity
PVGO = 22.22 - 5 / 15%
PVGO = 22.22 - 5 / 0.15
PVGO = 22.22 - 33.33
PVGO = -$11.11
Conclusion: Since Present Value of Growth Opportunities (PVGO) is negative, the ROE will decrease and share price will fall. So the investor can takeover the firm at lower price in future .
If the price of chicken feed decreases, the supply of chicken nuggets will shift
Answer:The production of chicken nuggets should increase because more feed will be bought which means the chickens could eat more, this will lead to bigger chickens with more fat, which increases the chicken nugget production because, chicken nuggets are 50% meat and the rest is fat, ground bone, blood vessels and connective tissues.
Explanation:
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Which of the following statements is true of a target market? Question 8 options: Uncontrollable elements continually evolve and create changes in a target market. Managers can control the external environment that molds and reshapes a target market. Environmental scanning is performed by firms in order to prevent changes in a target market. Unlike uncontrollable variables, controllable variables do not affect a target market.
Answer:
The correct answer is the first option: Uncontrollable elements continually evolve and create changes in a target market.
Explanation:
To begin with, in the marketing field the term of target market refers to the audience that the company is looking for to capture in order to be the primary group of client to whom the product will be launched with the purpose of getting the most sales as possible and with that the major amount of profits from those customers. Moreover, that audience will be affected by controllable and uncontrollable variables that the company must be aware of. The second ones are the competition, the technology, the social environment (like culture), the economy and the regulations from the government. And those variables are the ones that affect the most to the target audience because are impossible to control from the company's point of view.
When the market for product Y includes a positive externality:__________.
A. marginal private benefit exceeds marginal social benefit.
B. marginal private cost exceeds marginal social cost.
C. marginal social cost exceeds marginal private cost.
D. marginal social benefit exceeds marginal private benefit.
Answer:
D
Explanation:
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
Loeffler Company owns 35% of the common stock of Tetter Co. and uses the equity method to account for the investment. During 2021, Tetter reported income of $260,000 and paid dividends of $90,000. There is no amortization associated with the investment. During 2021, how much income should Loeffler recognize related to this investment
Answer:
Investment revenue = $91,000
Explanation:
the journal entry to record the dividends received would be:
Dr Cash 31,500
Cr Investment in Tetter Co. 31,500
the journal entry to record the reporting of the net income:
Dr Investment in Tetter Co. 91,000
Cr Investment revenue 91,000
When a company uses the equity method, any dividends received will decrease the carrying value of the investment, while any net income reported will be considered investment revenue.
Which of the following is NOT an example of an incentive?
a. stock options
b. commissions
c. profit-sharing plans
d. bonuses
e. education reimbursements
Answer:
e. education reimbursements
Explanation:
Incentives can be defined as a financial motivation, rewards or compensations which are given to either employees working in an organization or a group of people in order to motivate them to do more or take certain steps (actions) and give their best. Some examples of an incentive are profit-sharing plans, signing bonus, stock options, bonuses, commissions, raises etc.
However, education reimbursements is not an example of an incentive.
The other items are examples of an incentive scheme with the exemption of e. education reimbursements.
Education reimbursements are compensations paid to employees who are not earning the normal emoluments like salaries and wages.
Incentives encourage increased performance. Examples of incentive include stock options, profit-sharing plans, bonuses, and commissions.
Thus, the item that is NOT an example of an incentive is e. education reimbursements.
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Which of the following best describes why the aggregate demand curve is downward sloping?
a. As the aggregate price level decreases, the stock of existing physical capital increases.
b. As the aggregate price level increases, consumer expectations about the future change.
c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.
d. As a good\'s price increases, holding all else constant, the good\'s quantity demanded decreases.
Answer: c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.
Explanation:
The Aggregate Demand (AD) curve is used to measure the impact that price level has on the expenditure in the economy.
The AD comprises of Investment, Consumption Spending, Government spending and Net Income.
When prices are high, households will spend less as they cannot afford to spend a lot which will reduce consumption spending.
Another result of a high price level is that people will have less money to save and so there will be a lower supply of loanable funds.
Both of these components of the AD reduce when prices increase and vice versa. This is why the AD is downward slopping.
Which expression is another way of saying "marginal cost"?A) total costB) additional costC) average costD) scarcity
Answer:
Explanation:
additional cost i believe. sorry if i'm wrong
Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $237,000, variable manufacturing overhead of $3.90 per machine-hour, and 30,000 machine-hours. The company has provided the following data concerning Job A496 which was recently completed: Number of units in the job 20 Total machine-hours 80 Direct materials $ 500 Direct labor cost $ 2,160 The amount of overhead applied to Job A496 is closest to: (Round your intermediate calculations to 2 decimal places.)
Answer:
Allocated MOH= $944
Explanation:
Giving the following information:
Estimated overhead= $237,000
Variable manufacturing overhead= $3.90 per machine-hour
Estimated machine-hours= 30,000 machine-hours.
Job A496:
Total machine-hours 80
First, we need to calculate the predetermined overhead rate, using the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (237,000/30,000) + 3.9
Predetermined manufacturing overhead rate= $11.8 per machine-hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 11.8*80
Allocated MOH= $944
Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term liabilities are $250,000. There is $120,000 in preferred stock outstanding and the firm has issued 10,000 shares of common stock. Compute book value (net worth) per share $53.00. $75.00. $65.00. $84.00.
Answer:
$53.00
Explanation:
The computation of book value is shown below:-
But before that we need to determine the net asset which is
Net asset = Total asset - Total liabiliites
= ($350,000 + $650,000) - ($100,000 - $250,000)
= $1,000,000 - $350,000
= $650,000
Now
Value per share= (Net asset - preference share) ÷ number of common stocks
= ($650,000 - $120,000 ) ÷ 10,000 shares
= $530,000 ÷ 10,000
= $53 per share
Using the information below, calculate gross profit for the period. Sales revenues for the period $ 1,254,000 Operating expenses for the period 234,000 Finished Goods Inventory, January 1 35,500 Finished Goods Inventory, December 31 40,500 Cost of goods manufactured for the period 515,000
Answer:
$744,000
Explanation:
The computation of the gross profit is shown below:
But before that determine the cost of goods sold which is
Cost of goods sold is
= Opening finished goods balance + cost of goods manufactured - ending finished goods balance
= $35,500 + $515,000 - $40,500
= $510,000
now the gross profit is
= Sales - cost of goods sold
= $1,254,000 - $510,000
= $744,000
The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March: Corporate headquarters building lease $ 94,000 Cosmetics Department sales commissions-Northridge Store $ 6,600 Corporate legal office salaries $ 58,600 Store manager's salary-Northridge Store $ 11,600 Heating-Northridge Store $ 12,600 Cosmetics Department cost of sales-Northridge Store $ 32,600 Central warehouse lease cost $ 7,600 Store security-Northridge Store $ 14,600 Cosmetics Department manager's salary-Northridge Store $ 5,600 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are direct costs of the Cosmetics Department
Answer:
Rademaker Department Stores, Inc.
Direct costs of the Cosmetics Department:
= $44,800
Explanation:
a) Data and Calculations:
Cosmetics Department
Cosmetics Department Sales commissions - Northridge Store $ 6,600
Cosmetics Department cost of sales-Northridge Store $ 32,600
Cosmetics Department manager's salary-Northridge Store $ 5,600
Total direct costs for Cosmetics Department $44,800
b) The direct costs for the Cosmetics Department are those costs that are directly attributable to the department. They are not the shared costs arising from either the Northridge Store or from the Corporate headquarters.
Why do companies use predetermined overhead rates rather than actual manufacturing overhaed costs to apply overhead to job?
Answer:
to avoid delaying the product costing exercise.
Explanation:
The actual overhead costs are usually not readily available when costing a product. Waiting for the actual costs would delay the product costing exercise, thus a company uses estimates (predetermined overhead rates) and later adjust for the over or under - application when actual information is available.
Which of the following benefits could an organization reasonably expect from an effective budget program? Select one: a. Better control of the organization's costs. b. Better coordination of an organization's activities. c. Better communication of the organization's objectives. d. All of the above.
Answer: d. All of the above.
Explanation: Budgeting is simply the activity of constructing a budget which in turn is defined as any amount of money or resources earmarked for a particular institution, activity or time-frame. An effective budget program is quite significant to both planning and controlling processes and is employed by managers and executives to plan, monitor and control various activities at every level of an organization or business creating better and tighter controls on an organization's costs, activities and communication.
Why is the answer C?
Explanation:
At a price of $4.00, the quantity is 1 + 5 + 8 = 14.
At a price of $2.00, the quantity is 0 + 3 + 4 = 7.
The quantity decreased by 7. So A and B are false.
Ann's supply curve is linear, so her change in quantity will be proportional to the price change. However, Barry and Charlie have nonlinear supply curves, so their change in quantity will not be proportional. So D is false.
Only C is true. At a price of $2.00, Charlie's quantity is 0.
Storm Concert Promotions Valle Home Builders Actual indirect materials costs$12,400 $7,000 Actual indirect labor costs 55,900 46,900 Other overhead costs 16,000 48,900 Overhead applied 91,600 98,300 Storm Concert Promotions Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold. Valle Home Builders Determine whether overhead is overapplied or underapplied. Prepare the journal entry to allocate (close) overapplied or underapplied overhead to Cost of Goods Sold.
Answer and Explanation:
Storm Concert Promotions
The computation of overhead is shown below:-
Factory Overhead-Storm
Indirect materials $12,400 Applied overhead 91,600
Indirect Labor $55,900
Other overhead
costs $16,000
Overapplied overhead $7,300
The Journal entry is shown below:-
Factory overhead Dr, $ 7,300
To Cost of goods sold $7,300
(Being cost of goods sold is recorded)
Valle Home Builders
The computation of overhead is shown below:-
Factory Overhead-Value home builders
Indirect materials $7,000 Applied overhead 98,300
Indirect Labor $46,900
Other overhead
costs $48,900
Overapplied overhead $4,500
Factory overhead Dr, $ 4,500
To Cost of goods sold $4,500
(Being cost of goods sold is recorded)
Multiple Choice based on accounting profits is preferable to the financial (or present value) break-even method. identifies the optimal maximum level of output for any given level of fixed assets. ignores both taxes and interest when computing the financial break-even point. provides a means of determining the minimal number of units that need to be sold to prevent a financial loss. identifies the optimal sales price for any new product.
Complete Question:
Breakeven-Analysis:
Group of answer choices
A. based on accounting profits is preferable to the financial (or present value) break-even method.
B. identifies the optimal maximum level of output for any given level of fixed assets.
C. ignores both taxes and interest when computing the financial break-even point.
D. provides a means of determining the minimal number of units that need to be sold to prevent a financial loss.
E. identifies the optimal sales price for any new product.
Answer:
D. provides a means of determining the minimal number of units that need to be sold to prevent a financial loss.
Explanation:
Breakeven-Analysis provides a means of determining the minimal number of units that need to be sold to prevent a financial loss.
It is an important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is. It is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income. It is also known as the cost-volume-profit analysis in financial accounting.
Generally, to use the Breakeven-Analysis, financial experts usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant and the total fixed costs of production are kept constant i.e costs can be divided into fixed and variable components.
3. All the units produced are sold i.e there is no change in inventory quantities during the period.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix i.e the sales mix is constant.
The elements of professionalism contains_ attributes.
Answer:
Competency.
Explanation:
In a _____ organizational structure, project managers work full-time on projects, while team members report to both functional managers and project managers
Answer:
Strong matrix
Explanation:
What will happen to the U.S. Housing Market?
Answer:
Currently the price of homes has exceeded the 2006 peak, just before the housing bubble burst. The price index has increased more than 40% since 2012.
It has been many years now of a strong economy, with an economic expansion lasting for 11 years (since June 2009), which is actually record breaking. A lot of economists were expecting a recession soon, with the current health crisis not helping, and the recession finally arrived on June 2020.
The combination of historically high prices for homes and an economic recession can be very hurtful. The advantage of the current situation is that the level of delinquent or subprime mortgages is currently much lower than 14 years ago. Actually, the amount of debt per household has decreased since 2006, and is quite stable right now at moderate or low levels. Many households spent much of the past years paying off debt, so they didn't have time to take new debt.
If the recession gets worse, a price correction will be inevitable, but it wouldn't be as large as the 2007 decrease. Only in a few cities in California, Washington, Nevada and Oregon can you find situations similar to 2006, where a strong supply hasn't been enough to balance the prices due to a stronger demand and high mortgage debt. But even there, the situation will not be as bad.
The two main sources for the supply of capital in the u.s. economy are:__________
Answer and Explanation:
The two significant sources for the capital supply in the u.s economy are as follows
1. Savings done by the individual and the firms that known as S
2. Financial capital inflow arise from the investors in foreign countries i.e. equivalent to the trade deficit M-X
Or Imports minus exports
These two are to be considered
Sam wants to grow in his current role, and he decides to take a three-month skill enhancement course. Sam is demonstrating .
Answer:
Selfmanagment skills
Explanation:
I had the same question
Answer:
Sam is not making connections with prior knowledge.
Explanation:
Paula is considering the purchase of a new car. She has narrowed her search to two cars that are equally appealing to her. Car A costs $22,000, and Car B costs $22,200. The manufacturer of Car A is offering 0% financing for 48 months with zero down, while the manufacturer of Car B is offering a rebate of $2000 at the time of purchase plus financing at the rate of 3%/year compounded monthly over 48 months with zero down. If Paula has decided to buy the car with the lower net cost to her, which car should she purchase
Answer:
Paula should purchase car B.
Explanation:
If Paula purchases car A, then her total payments will be $22,000 ($458.33 per month).
If instead she purchases car B, she will need to finance $20,200 for 3 years and her monthly payments will be $447.11. Total payments = $447.11 x 48 = $21,461.28.
this is an ordinary annuity and in order to calculate the monthly payment you must:
monthly payment = principal / annuity factor (PV, 0.25%, 48 periods) = $20,200 / 45.17869 = $447.1134511 = $447.11.
Paula should purchase car B as it offers her lower net cost.
What is compound interest?Compound interest is the interest that is calculated on the principal and the interest up to the period of calculation. Compounding can be done monthly, quarterly, or annually.
When compounding is done on a monthly basis, the formula to calculate Principal is:
[tex]\rm A = P(1 + \dfrac{r}{12})^{12t}[/tex], where A is the principal after t years, r is the rate of interest, P is the principal, and t is the tenure in years. 12t is the total number of months.
For the car B:
The principal will be, cost less rebate:
[tex]\begin{aligned} \rm Principal &= \$22,200 - \$ 2,000\\\\\rm Principal &= \$20,200\\\\r &= 0.03\\\\12t &= 48\: \rm months\end[/tex]
Therefore the net cost (A) will be:
[tex]\rm A = 20,200(1 + \dfrac{0.03}{12})^{48}\\\\\rm A = 20,200(1.0025)^{48}\\\\\rm A = 20,200(1.005)\\\\\rm A = \$20301.126[/tex]
Therefore the net cost of car B is $20301.126 and that of car A is $22,000.
Hence she should purchase car B.
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Types of controls used to assess the effectiveness of marketing operations
A deposit of $1000 at 4% interest compounded continuously will grow to v(t) = 1000 e^0.04 dollars after t year. Find the average value during the first 40 years (that is, from time 0 to time 40.)
Answer: 20,816.215
Explanation:
Given that:
A deposit of $1000 at 4% interest compounding is defined by the growth function:
v(t) = 1000e^0.04t
Where t = number of years.
Find the average value during the first 40 years (that is, from time 0 to time 40.)
(That is t = 0,...,40)
For ease, we can use a python list comprehension to get our values.
v = [1000*2.7182818**0.04*t for t in range(41)]
V gives a list of the value of the deposit from year 0 till 40 years after the deposit.
Average = sum of compounding deposits / number of years
Sum of compounding deposits = sum(v) = $853464.8344
Number of years = len(v) = 41
Hence, average = $853464.8344 / 41
Average = $20,816.215