The cost of goods sold is $80,100. This metric is crucial in assessing the financial health of the business and making informed decisions about pricing, inventory management, and overall profitability.
The cost of goods sold is an important financial metric that represents the cost of the products or goods that were sold during a particular period. In this case, we have the beginning merchandise inventory of $13,100, cost of merchandise purchased of $86,100 and ending merchandise inventory of $19,100. To calculate the cost of goods sold, we add the beginning inventory to the cost of merchandise purchased to get the total goods available for sale, which is $99,200.
Next, we subtract the ending inventory from the goods available for sale to get the cost of goods sold, which is $80,100. This represents the total cost of goods sold during the period in question.
COGS = (Merchandise Inventory, Beginning) + (Cost of Merchandise Purchased) - (Merchandise Inventory, Ending) Merchandise Inventory, Beginning = $13,100
Cost of Merchandise Purchased = $86,100 Merchandise Inventory,
Ending = $19,100
Now, plug these values into the formula: COGS = ($13,100) + ($86,100) - ($19,100) COGS = $99,200 - $19,100 COGS = $80,100 .
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The cost of goods sold (COGS) is calculated by adding the beginning inventory to the cost of goods purchased to get the total available for sale, and then subtracting the ending inventory. After carrying out these steps, the COGS in this case is found to be $80,100.
Explanation:To compute the Cost of Goods Sold (COGS), we start with the beginning inventory, which is $13,100. We then add the Cost of Merchandise Purchased, which comes out to $86,100. These two numbers added together give us the Goods Available for Sale, which is $99,200. To find the final COGS, we subtract the Merchandise Inventory at the end of the period, which is $19,100. So, $99,200 - $19,100 = $80,100, which is the COGS.
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Direct Labor Variances Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hour. If 15,000 units used 61,800 hours at an hourly rate of $19.85 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance
The Correct Figures are as Follows :-
(A) The direct labor rate variance is - 9270 ( Favorable ).
(B) The direct labor time variance is 36,000 ( Unfavorable ).
(C) The direct labor cost variance is 26,730 ( unfavorable ).
To calculate the direct labor rate variance, we need to use the following formula:Direct labor rate variance = (Standard Rate - Actual Rate) ×Actual Quantity
Now we know,
SR = Standard Rate
AR = Actual Rate
Therefore,
a) Direct labor rate variance= $133,085
Labor Rate variance = (SR-AR) × AH
= (20-19.85) × 61,800
= - 9270 Favorable
b) Labor time variance = (SH-AH) × SR
= (15000 × 4 - 61800) × 20
= 36,000 Unfavorable
c) Labor cost variance
= 9270F + 36000 U
= 26,730 Unfavorable
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What can occur as a result of not having an innovation and planning iteration?
There will be no time to plan, demo, and improve together if there is no invention and planned iteration.
The Innovation and Planning (IP) Iteration happens at the end of each Program Increment (PI) and fulfils several functions. It serves as a buffer for fulfilling PI Objectives and allocates time for innovation, continuous education, PI Planning, and Inspect and Adapt (I&A) activities. Every iteration is important, and the teams are largely focused on producing short-term benefit. The Solution gets closer to market with each iteration. The focus on solution delivery is high and unwavering.
Iteration Planning is a meeting when all team members decide how much of the Team Backlog they will deliver during the upcoming Iteration. The effort is summarized by team as a set of committed Iteration Goals.
As a result, if there is no innovation and planned iteration, there will be no time to plan, showcase, and improve together.
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Auditors are required to communicate with the audit committee for all but which of the following: Group of answer choices Critical accounting practices and policies Significant unusual transactions Significant accounting policies and practices The procedures followed by the auditor in evaluating evidence
Auditors would comunicate with the audit committee for critical accounting practices including the significant accounting policies and practices for evaluating certain evidences related to the transaction.
Some of the other communications made to audit committee should be an overall audit strategy with time of the audit and significant risks involved for assessing risks and procedures regarding the transaction.
Auditors are required to solve the financial accounting problems and are not accountable for unusual insignificant transactions and procedures and policies.
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What should you point out when demonstrating the confident cornering of a 2023 murano awd through a sweeping curve?.
When showcasing the capable cornering of a 2023 Murano awd through a sweeping curve, the following characteristics should be highlighted:
How well the car tracks as it enters a curveHow evenly balanced Murano is.the tires' excellent traction.What will the Nissan Murano in 2023 be about?
The Murano is expected to undergo a number of long overdue makeovers in 2023, some of which include exterior and interior renovations.The Nissan Murano, although being one of the more seasoned midsize SUVs in the class, is not anticipated to undergo any alterations for the 2023 model year. The Nissan Murano for 2023 ought to be a carryover model.Since the release of the SUV's current version in 2015, the Murano's exterior styling hasn't undergone much alteration. The 2023 Murano should share the same general outward styling as the currently available SUV because it will be a carryover product. The modern Murano has a rounded exterior with flowing lines, angular taillights, sharp headlights, Nissan's V-shape grille, and a floating roof design.The following characteristics should be highlighted when showing how a 2023 Murano awd turns confidently through a sweeping curve:How well the car tracks as it enters a curveHow evenly balanced Murano is.the tires' excellent traction.Know more about 2023 Murano awd https://brainly.com/question/25761393
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______ organization structures respond to customer demands faster because its lower-level employees have authority and responsibility for making decisions.
Flat organization structures respond to customer demands faster because its lower-level employees have authority and responsibility for making decisions.
What is Flat Organizational Structure ?A flat organization refers to an organization structure with few or no levels of management between management and staff level employees. The flat organization supervises employees less while promoting their increased involvement in the decision-making process.
Advantages of a Flat Structure
It elevates the employees' level of responsibility in the organization.It removes excess layers of management and improves the coordination and speed of communication between employees.Fewer levels of management encourage an easier decision-making process among employees.Eliminating the salaries of middle management reduces an organization's budget costs.Disadvantages of a Flat Structure
Employees often lack a specific boss to report to, which creates confusion and possible power struggles among management.Flat organizations tend to produce a lot of generalists but no specialists. The specific job function of employees may not be clear.Flat structure may limit long-term growth of an organization; management may decide against new opportunities in an effort to maintain the structure.Larger organizations struggle to adapt the flat structure, unless the company divides into smaller, more manageable units.Learn more about Flat Organizational Structure on:
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In your opinion, should frontier airlines focus on managerial accounting or financial accounting as it works to get its finances back on firm footing?
I would recommend Frontier Airlines to focus more on Managerial accounting as it works to get its finances back on firm footing.
Financial accounting only cares about generating a profit and not the overall system of the company. But, managerial accounting looks for bottleneck operations and examines various ways to enhance profits by eliminating bottleneck issues. So, Frontier Airlines should focus more on Managerial accounting.
Managerial accounting focuses on what it takes to keep a business operating profitably, it tracts and projects revenue and expense. The data collected and the results reported help managers choose what is best for them.
Hence, Frontier Airlines should focus more on Managerial accounting.
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the figure shows the market for college education in the united states. if there is no external benefit from a college education adn the government does not intervene int he market, then the equilibrium tiution of college education is
If the government does not intervene in the market for college education and there is no external benefit, the equilibrium tuition would be $13,000.
What is the equilibrium tuition price?There is no external benefit and the government does not intervene in the market.
This means that prices will be set by the demand and supply curves.
The price at the point where (S = MC) and ( D = MB) intersect is $13,000 so this is the equilibrium tuition cost of a college education price.
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True or false: In lower-performing groups, team members offer more supportive statements than any other type of comment in their communications.
False
conditions about lower-performing groups, team members offer more supportive statements than any other type of comment in their communications is a false statement.
A group of people with specific knowledge and complementary abilities who are goal-focused, cooperate, innovate, and regularly create superior results is referred to as a "high-performance work team." Through shared objectives, shared leadership, teamwork, open communication, defined role expectations and group operating guidelines, early conflict resolution, and a strong feeling of accountability and trust among its members, the group constantly pursues performance excellence with a strong feeling of mission and dedication to the team's members and the goal. Comparatively loftier performance targets than normal teams. Mutual accountability and an understanding of each member's duties both to the team and personally and a broad breadth of experience that enhances the skills of other team members.
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In business-to-consumer sales the ______ step is important but is often neglected.
a) make presentation
b) qualify
c) close sale
d) follow-up.
In business-to-consumer sales the follow-up is important but is often neglected. Business-to-consumer (B2C) refers to the process of selling goods and services directly to customers who are the final recipients of a company's goods or services (B2C). B2C refers to the vast majority of companies that sell directly to customers.
During the dotcom boom of the late 1990s, when it was largely used to describe online businesses who offered goods and services to customers online, the term "business-to-consumer" (B2C) gained enormous popularity. Despite the fact that many B2C companies were victims of the subsequent dotcom bust as investor interest.
In the sector waned and venture capital funding dried up, B2C leaders such as Amazon and Priceline weathered the storm and have since seen tremendous success.
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NikeShoes produces a running shoe that it sells in the United States. The shoe has a check mark on the side, uses inferior materials, and is made using child labor. Nike, Inc. sues NikeShoes for trademark infringement under the Federal Trademark Dilution Act of 1995. What is likely to be the grounds for this suit
The product value and reputation of Nike, Inc. are being compromised by Nike Shoes.
What is the Federal Trademark Dilution Act of 1995?The Federal Trademark Dilution Act of 1995 amends the Trademark Act of 1946 to give the owner of a well-known mark the right to an injunction and compensation for another person's commercial use of a mark or trade name if that use starts after the mark has achieved notoriety and lessens the mark's distinctiveness.
It defines the criteria the court will use to decide whether a mark is distinctive. It restricts owners of such marks to injunctive remedies unless the person for whom the injunction is requested acted with malicious intent to exploit the owner's reputation or tarnish the mark. It offers further remedies if such intent is shown to have existed.
A person's possession of a valid registration under a specific Act or on the major register renders them completely immune from legal action taken under common or state law to protect the distinctiveness of a mark, label, or form of advertisement against them with regard to that registration.
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If a firm is experiencing _____________________, then as the quantity of output rises, the average cost of production rises.
If a firm is experiencing decreasing returns to scale, then as quantity of output rises, the average cost of production rises. Economies of scale are cost advantages a company has as a result of increasing its output level.
Benefit results from inverse connection between quantity produced and fixed cost per unit. When all production factors are increased by a specific percentage, outcome is a less-than-proportional rise in output, this is known as decreasing returns to scale. The three types of return to scale are constant returns to scale (CRS), increasing returns to scale (IRS), and decreasing returns to scale (DRS).
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Data marts and data warehouses have typically been relational, but the emergence of what technology has helped to let these be used for non-relational data?
NoSQL has helped to let data marts and data warehouses be used for non-relational database. A non-relational database is one that does not use the traditional database system's tabular schema of rows and columns. Non-relational databases, on the other hand, employ a storage model that is tailored to the specific needs of the data being stored.
NoSQL data stores are those that do not use SQL for queries. Instead, data stores query the data using other programming languages and constructs. In practice, "NoSQL" refers to a "non-relational database," despite the fact that many of these databases support the SQL-compatible queries.
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The investment account associated with adam corp.'s equity method investment shows a balance of $500,000. The investment is sold for $550,000. Adam should?
The investment account associated with adam corp.'s equity method investment shows a balance of $500,000. The investment is sold for $550,000. Adam should recognize a gain of $50,000.
Funding definition is an asset acquired or invested in to build wealth and store cash from the tough earned earnings or appreciation. funding which means is often to gain a further source of earnings or gain take advantage of the funding over a specific time frame.
Fixed deposits are often taken into consideration among the safest, strong, and many fine short-time period investment options. you could put money into fixed deposits for the subsequent motives: to build up better returns from various FD schemes.
Within the maximum trustworthy sense, investing works when you buy an asset at a low fee and sell it at a higher rate. This type of going back to your investment is referred to as capital gain. earning returns by way of promoting belongings for a profit—or knowing your capital profits—is one way to make money making an investment.
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The difference between reported net income on variable costing and absorption costing income statements is based on how Blank______. Multiple choice question. fixed overhead is accounted for expenses are organized cost classifications are defined the statements are formated
When there is a difference between income on variable costing and absorption costing, this is as a result of fixed overhead is accounted.
What is variable costing?This is a method of designing the income statement such that variable costs are separate from fixed cost.
As a result, the net income might be different from absorption costing which lists all expenses regardless of what kind they are.
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In making project trade-offs, a criterion that is allowed not to meet the original target, for example, allowing the schedule to slip, is classified as ___________.
When a criterion is not allowed to meet the original target when making trade-offs, this is an Accepted criterion.
What is an accepted criterion?
This is a criterion that the company considers when deciding which parts of a project to keep and which to go along with.
Of those that are kept, they are not allowed to meet the original target because the resources available would be too limited to do so which was the reason for the trade-offs in the first place.
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The central idea of mbo is that
The central idea of MBO is that Management by objectives (MBO) is a strategic management model that aims to improve organizational performance by clearly defining objectives that are agreed to by both management and employees.
MBO works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. The hierarchy ends with individual objectives set by each employee.
Getting Maximum Results with Minimum Efforts - The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in the best combination.
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Patterson’s patties is a fast-food hamburger chain with over 1,000 locations worldwide. Recently, the company has been dealing with an e. Coli outbreak in its ground beef causing dozens of diners to get sick. As a result, the chain’s sales are taking a hit. The company is organizing its response to the situation from its small 20-person home office, where morale has also gone down. What medium of communication should the ceo of patterson’s use to communicate with customers and home office employees? select one medium for each of the two stakeholders and explain why it is the best choice for the particular situation.
The communication medium that will be used in this scenario is the use of SMS to pass the information to them.
What is communication?It should be noted that communication is the process by which information is exchanged between individuals through a common system of symbols, or behavior.
Communication is the act of giving, receiving, and sharing information and good communicators listen carefully, speak or write clearly, and respect different opinions.
For communicating with customers, I would use a medium of SMS to the customer's registered mobile numbers and social media to inform them regarding the problem.
This would help to reach out to customers far and wide and this communication can be executed within a short span of time, as is the requirement of the situation.
To communicate with the home office employees, who are 20 in number, I would suggest using voice calling them to take necessary measures and ensure the safety and health of consumers.
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If the percentage change in quantity demanded is greater than the percentage change in price for good x, then the demand for good x is:________
If the percentage change in quantity demanded is greater than the percentage change in price for good x, then the demand for good x is price elasticity.
Price elasticity of quantity demanded is a measurement of the change in consumption of a product in relation to a change in its price. A good is elastic if a price change causes a substantial change in demand or supply.
Goods are much more elastic, so price changes for these goods cause substantial changes in their demand or their supply.
Hence, if the quantity demanded of a product changes greatly in response to changes in its price, it is elastic. That is, the demand point for the product is stretched far from its prior point.
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Spending plans are divided into three categories with roughly ______% of the after tax budget going to the category of needs and _____________ % of the after tax budget going to wants, with the rest going to esi.
Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30 % of the after tax budget going to wants, with the rest going to ESI.
More about Spending plans:
A spending plan is a way to allocate your income to the assortment of needs and wants. You can effectively manage your finances and choose where to spend your money by making a spending plan in advance.
In the spending plan daily costs and short-term spending are your needs. Consider your rent or mortgage payment, groceries, gas, auto payments, and so on. You must budget for these expenses because, well, you can end up in some serious financial difficulty if you don't.
The items and experiences you want and wish to budget for are often your wants. Taking a trip with friends or family over the weekend, attending a concert, or going out to dinner are some examples.
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For marketing to occur, parties involved in the transaction must have which two things? (Select 2 options.) Multiple select question. Promotional advertising or other sales tactics A way to communicate Both the desire and ability to satisfy their needs Possession of thorough research
For marketing to occur, parties involved in the transaction must have which two things:
A way to communicateBoth the desire and ability to satisfy their needsWhat is marketing?This involves creating awareness about product offerings of a firm. It involves drawing the attention of potential buyers to goods and services of a company.
Marketing refers to those action undertaken by firm for promoting purpose to facilitate more sales of its products or services.
Importance of marketing are:
It helps educate people about certain products.Businesses are able to generate more revenue by employing various marketing options.It is a tool that keeps conversation going between a firm and its potential customersLearn more about marketing here: https://brainly.com/question/25754149
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True or false: Many investors believe that by choosing to put their money into companies whose goods and services benefit society, they can improve society's financial health as well as their own.
Answer: True
Explanation:
Some countries let the foreign exchange market determine the relative value of its currency. this is called a:________
Some countries let the foreign exchange market determine the relative value of its currency this is called a Floating Exchange.
What is the role of Floating exchange?
A floating (or flexible) exchange rate is one that is established by the unrestricted interaction of foreign exchange supply and demand.
The demand curve for foreign currency is dipping downward. The price of imported items in local currency rises in direct proportion to the exchange rate. Lower demand for the foreign commodity and consequently less foreign money result from the higher price.The foreign exchange supply curve is trending higher,
The overseas price of exported commodities decreases when the exchange rate rises, increasing both the demand for them and the supply of foreign exchange being offered in exchange for them.Hence, the correct answer is "Floating Exchange"
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Which core process includes the activities required to produce and deliver the service or product to the external customer?
The core process which includes the activities required to produce and deliver the service or product to the external customer is order fulfillment process
Order fulfilment is a process of fulfilling a sales order according to the customer's specifications. That is, delivering goods as promised at the time of sale. There are four main steps in fulfilling a customers order which are- processing orders, warehousing, packing, and shipping products.
After the customer places an order, there is a procedure to be followed where you need to prepare and deliver the items accordingly. This process typically takes up to 48-72 hours to be completed.
After an order has been submitted for fulfillment, it has to be received and accepted by the logistics company.
Hence, the answer was given and explained above.
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The banking crisis of 1907 that preceded the Great Depression and the banking crisis in 2008 were both caused by: short-run business cycle fluctuations. lack of investment spending and high unemployment. risky speculation in real estate and the stock market. low labor productivity in the United States combined with a huge trade deficit.
The banking crisis of 1907 that preceded the Great Depression and the banking crisis in 2008 were both caused by (C) risky speculation in real estate and the stock market.
What was the banking crisis of 1907?The Bank Panic of 1907 was a brief banking and financial crisis in the United States at the turn of the twentieth century. It was caused by the collapse of highly leveraged speculative investments fostered by the US Treasury's easy money policies in the preceding years.The Panic was precipitated by a surge in speculative investment fueled by lax monetary policy. Without a national central bank to rely on, the United States' financial markets were bailed out of the crisis by personal cash, guarantees, and prominent bankers and investors such as J.P. Morgan and John D.What was the Great depression banking crisis of 2008?The 2008 financial crisis, often known as the Global Financial Disaster (GFC), was a major global economic crisis that occurred in the early twenty-first century. It was the worst economic catastrophe since the Great Depression (1929).The seeds of the financial crisis were sown during years of ultra-low interest rates and lax lending regulations in the United States, which drove a home price bubble and reckless speculation in real estate and the stock market. As usual, it began with good intentions.The description of both the banking crisis states that it was caused by reckless speculation in the real state and the stock market.
Therefore, the banking crisis of 1907 that preceded the Great Depression and the banking crisis in 2008 were both caused by (C) risky speculation in real estate and the stock market.
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Complete question:
The banking crisis of 1907 that preceded the Great Depression and the banking crisis in 2008 were both caused by:
(A) short-run business cycle fluctuations.
(B) lack of investment spending and high unemployment.
(C) risky speculation in real estate and the stock market.
(D) low labor productivity in the United States combined with a huge trade deficit.
Disney’s my magic system, which enables visitors to swipe their magic band wristbands to get on rides, make purchases, and open their hotel room door, is an example of ________ excellence
Answer:
Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.
Answer:If you haven’t been on a Disney vacation in the past decade, then you may not be familiar with Disney’s MagicBands. These bands, similar in size to a FitBit, were introduced in 2013 as part of a major technology overhaul to the guest experience at Walt Disney World. Disney guests start by planning their vacation and pre-booking many of their desired vacation experiences on My Disney Experience online accounts.Once arriving on site at Disney, MagicBands are tools to unlock many features of that high-tech vacation experience. For example, guests can use MagicBands as a room key for on-property hotel rooms, to charge purchases, to scan into theme parks entrances and Lightning Lanes, and much more. MagicBands are made of flexible plastic and fit around guest wrists so they go can everywhere each guest goes.
A firm is thinking about adding a product to its product line. What is the most likely outcome if the firm goes through with this plan?
The most likely outcome when a firm is thinking about adding a product to its product line is D. The new product can be advertised alongside existing products
What is product advertising?Product advertising:
Is a management effort geared towards creating a demand for a product.Promotes consumer awareness.Fosters consumer interest in the product.Encourages consumers to make purchase decisions quickly as they see the product.Thus, most likely, adding a product to the product line will help the new product to be advertised alongside existing ones.
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Question Completion with Answer Options:A. It will be difficult to manufacture the product.
B. The company will have to work hard to build up the brand.
C. The new product is certain to be accepted by the market.
D. The new product can be advertised alongside existing products.
E. It will take a long time for customers to feel loyal to the product.
The Red Cross raises money to help people survive natural and manmade disasters. The Red Cross can best be described as a(n) _______.
The Red Cross can best be described as a service.
The red cross is the largest humanitarian organization in the world. It's a responsibility of the human race is not subjected to racism. It is an organization whose services include:
Helping families separated by wars and terrorism to reconnect.
Training communities to prepare for emergencies.
Enlightening the public about how to prevent the spread of diseases.
The American Red Cross helps vulnerable people around the world prepare, respond, and recover from disasters, armed conflict, and life-threatening health conditions. The American Red Cross achieves these goals by working within the global network of Red Cross and Red Crescent societies.
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Read the chart. In 2017, the government spent the least amount of money on which discretionary spending category
In 2017, the government spent the least amount of money on: Health and Human Services Department.
What is government spending?Government spending can be defined as the amount of money government spent to purchase or acquire goods and services or provide services to the people.
Hence, in the year 2017 the government spent the least amount of money on Health and Human Services Department discretionary spending category compare to others department.
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Answer: Health and Human Services Department
Explanation:
Only $74 billion were spent which is 1.8%, this is the least amount of money spent in the graph.
Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements in consumption. Suppose that the price of oreos increases, how does this affect the market of tofu
Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?
The correct answer is decreasing in price will increase the quantity demanded.
Why does price decrease when demand increases?If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.
The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.
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Effective segmentation identifies where your customers are in the ___________, and assists your customers in taking the appropriate next step in their___________.
The answer is buyer’s journey; individual customer journey.
Market segmentation is to pinpoint specific customer groups so that merchandise and branding can be tailored to appeal to them.
There are many different ways to segment markets, including geographically, demographically, or behaviorally.
By identifying the items that are most likely to capture a portion of a target market and the most effective channels for marketing and distributing those products, market segmentation aids businesses in reducing risk.
A corporation can then concentrate its resources on activities that are expected to yield the highest profits when risk is reduced and clarity regarding the marketing and delivery of a product is increased.
A company's demographic reach can be expanded through market segmentation, and it might also lead to the discovery of goods or services they had not previously thought about.
Hence, effective segmentation identifies where your customers are in the buyer's journey, and assists your customers in taking the appropriate next step in their individual customer journey.
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