The second step in the marketing research approach involves developing the research plan. This includes specifying the constraints surrounding the research activity, and identifying the data needed for marketing decisions.
The constraints can be considered as a problem faced by the researcher in the research process. They may include technical, financial, ethical or time-related constraints. They are the factors which limit the researcher’s ability to conduct a thorough research study within the stipulated time and available resources. Therefore, identifying and specifying the constraints is important in ensuring that the research study is properly executed.The data needed for marketing decisions refer to the information that will be collected during the research process. It could include information about customers, competitors, market trends, and other relevant data that is needed to make effective marketing decisions. It is important to identify the specific data that will be collected as this helps in ensuring that the research study is properly executed and that the data collected is relevant to the research problem being investigated.In conclusion, the second step in the marketing research approach involves developing the research plan. This includes specifying the constraints surrounding the research activity, and identifying the data needed for marketing decisions.
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A copy center in a office prepares bound copies of reports for 2 clients. The center makes multiple copies of each report (lot size). The processing time to run, collate and bind each copy depends on the number of pages in each report. The center operates 250 days per year with one 8 hour shift per day. To account for the variability the management believes that they need a capacity buffer of about 15% beyond what may be built into the time standard. It currently has 3 copy machines at the center. In planning for the future they have collected the following information shown in the table below. How many machines should they have at the copy center to satisfy this future demand? Item Client X Client Y
Annual Forecasted Demand (copies) 2,000 6,000 Standard processing time (hour/copy) 0.5 0.7
Average lot size (copies/report) 20 30
Standard Set up time (hours) 0.25 0.40
To calculate the number of machines needed to satisfy future demand, we must consider the following factors: processing time, variability, and demand. After considering these factors, it is found that the copy center should have 176 machines to accomplish the future demand.
It is given that the center operates 250 days a year with one 8-hour shift per day. It makes multiple copies of each report with a lot size of 20 for client X and 30 for client Y, respectively. The processing time to run, collate and bind each copy depends on the number of pages in each report.
Let’s calculate the standard processing time required by client X and Y;
Standard processing time for client X= 0.5 hours/copy
Standard processing time for client Y= 0.7 hours/copy
We need to calculate the total processing time required to meet the forecasted demand for both clients separately. Hence, the total processing time required for client X= 2000 × 20 × 0.5 = 20000 hours.
The total processing time required for client Y= 6000 × 30 × 0.7 = 126000 hours.
Therefore, the total processing time required to satisfy this future demand = 20000 + 126000 = 146000 hours.
To account for the variability, the management believes that they need a capacity buffer of about 15% beyond what may be built into the time standard. Hence, the capacity required= 146000 + 0.15 × 146000 = 167900 hours per year.
Let's now calculate the number of machines required to achieve this capacity;
Capacity (C) = (number of machines) × (utilization) × (processing time) × (time available)
Where utilization = 80% and processing time = Standard processing time + Set-up time.
We have for client X:
Processing time= 0.5 + 0.25= 0.75 hours/copy
Capacity (C) for client X= (number of machines) × (0.8) × (0.75) × (8 hours per day) × (250 days per year)= 120 (number of machines)
For client Y:
Processing time= 0.7 + 0.4= 1.1 hours/copy
Capacity (C) for client Y= (number of machines) × (0.8) × (1.1) × (8 hours per day) × (250 days per year)= 176 (number of machines).
Hence, the number of machines required is a maximum between 120 and 176. Therefore, they should have at least 176 machines at the copy center to satisfy this future demand.
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a perfectly competitive firm looking to maximize its profits would want to maximize the difference between:
A perfectly competitive firm looking to maximize its profits would want to maximize the difference between total revenue and total cost.
A perfectly competitive firm is a firm that does not have control over the price of the goods it produces. Perfect competition is a market structure in which there are many small firms producing similar goods and services. The market price is determined by the market forces of supply and demand, and firms cannot influence it. Each firm is a price taker in a perfectly competitive market, meaning they must accept the market price.
The primary objective of a perfectly competitive firm is to maximize its profits by producing the level of output that maximizes the difference between total revenue and total cost. When the difference between total revenue and the total cost is the highest, the firm earns the most profits.
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If the demand for a good is perfectly elastic and the supply is elastic, who will bear the larger share of the burden of a tax on the good where the tax is paid by consumers
In the case where the demand for a good is perfectly elastic and the supply is elastic, the larger share of the burden of a tax on the good where the tax is paid by consumers will be borne by the producers.
The impact of a tax on a good depends on the price elasticity of demand and the price elasticity of supply. This is called the incidence of the tax. When a tax is imposed on a good, the price of the good increases, which leads to a decrease in the quantity demanded and an increase in the quantity supplied.
When the demand for a good is perfectly elastic, this means that any increase in price will lead to a decrease in the quantity demanded to zero. Therefore, the entire burden of the tax will be borne by the producers. This is because the consumers will not be willing to pay a higher price for the good, and the producers will have to absorb the entire cost of the tax.
On the other hand, when the supply of a good is elastic, this means that the producers can increase the quantity supplied without increasing the price of the good significantly. Therefore, the producers will be able to absorb some of the burden of the tax and pass on the rest of the burden to the consumers in the form of a higher price.
In conclusion, when the demand for a good is perfectly elastic and the supply is elastic, the producers will bear the larger share of the burden of a tax on the good where the tax is paid by consumers. This is because the consumers will not be willing to pay a higher price for the good, and the producers will have to absorb the entire cost of the tax.
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Question : If the demand for a good is perfectly elastic and the supply is elastic, who will bear the larger share of the burden of a tax on the good where the tax is paid by consumers?
Suppose GDP is $9 trillion, taxes are $1.9 Trillion, private saving is $0.6 trillion, and public saving is $0.3 trillion.Assuming the economy is closed, complete the following table by calculating consumption, government purchases, national saving, and investment.Consumption__Government purchases___National saving _____-Investment_____
When GDP is $9 trilliοn, we have the fοllοwing ecοnοmy:
Cοnsumptiοn $6.5 trilliοn Gοvernment purchases $1.6 trilliοn
Natiοnal saving $0.9 trilliοn Investment $0.9 trilliοn
What is private saving?Private saving is the amοunt οf incοme ( Y ) that hοusehοlds have left after paying their taxes ( T ) and paying fοr their cοnsumptiοn ( C ). In οrder tο sοlve fοr cοnsumptiοn, yοu can rearrange the fοrmula fοr private saving:
S private = Y - T - C
cοnsumptiοn C = Y - T - S private
= 6.5 trilliοn
Public saving is the amοunt οf tax revenue that the gοvernment has left after paying fοr its spending. In οrder tο sοlve fοr gοvernment purchases ( G ), yοu can rearrange the fοrmula fοr public saving:
S public = T - G
Gοvernment purchases G = T - S public
= 1.6 trilliοn
Natiοnal saving is the sum οf private and public saving:
Natiοnal Saving = S private + S public
= 0.6 trilliοn - 0.3 trilliοn
= 0.9 trilliοn
As Natiοnal saving is equal tο Investment, investment = 0.9 trilliοn
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Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is estimated to hold 1,000,000 tons of ore. 180,000 tons of ore are mined and sold the first year. The estimated value of the land after the ore is removed is $200,000. Calculate the depletion expense from the information given. (Round "Depletion per unit" to two decimal places.) Cost Salvage Amount subject to depletion Total units of capacity Depletion per unit Units extracted and sold in period Depletion expense 1. & 2. Prepare the entry to record the cost of the ore mine and year-end adjusting entry Journal entry worksheet Record the cost of the ore mine in cash. Note: Enter debits before credits. 12 of 16 Next >
Perez Company acquires an ore mine at a cost of $1,400,000. It incurs additional costs of $400,000 to access the mine, which is estimated to hold 1,000,000 tons of ore. 180,000 tons of ore are mined and sold the first year.
The estimated value of the land after the ore is removed is $200,000. Calculate the depletion expense from the information given. (Round "Depletion per unit" to two decimal places.)
Given that,
Cost of Ore Mine =$1400000
Accessing Cost =$400000
Tons of Ore =$1000000
Tons of ore Mined in First year =$180000
Salvage Value =$200000
Total Cost subject to Depletion = (Cost of Ore Mine + Accessing Cost) - Salvage Value
Total Cost subject to Depletion =$1400000 + $400000 - $200000
Total Cost subject to Depletion =$1600000
Therefore, the depletion per unit of ore will be calculated as follows:$1,600,000 / 1,000,000 tons = $1.60/ton. Then we can calculate the depletion expense by multiplying the depletion per unit by the units extracted and sold in the period:
Depletion Expense = Depletion per Unit × Units extracted and sold in period =$1.60 × 180,000 =$288,000
Therefore, the depletion expense will be $288,000 from the information given.
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rokerage Trade Price Speed of Execution Satisfaction Electronic Trades Scottrade, Inc. 3.4 3.4 3.5 Charles Schwab 3.2 3.3 3.4 Fidelity Brokerage Services 3.1 3.4 3.9 TD Ameritrade 2.9 3.6 3.7 E*Trade Financial 2.9 3.2 2.9 (Not listed) 2.5 3.2 2.7 Vanguard Brokerage Services 2.6 3.8 2.8 USAA Brokerage Services 2.4 3.8 3.6 Thinkorswim 2.6 2.6 2.6 Wells Fargo Investment 2.3 2.7 2.3 Interactive Brokers 3.7 4 4 Zecco.com 2.5 2.5 2.5 Firstrade Securities 3 3 4 Banc of America Investment Services 4 1 2 Is the overall regression significant, and what proves that it is or is not?
Are the two independent variables (X1 and X2) significant or not?
What is the estimated regression equation?
The estimated regression equation is: satisfaction = 2.809 + 0.157*X1 + 0.338*X2.
This regression equation is the linear equation that best describes the relationship between two variables. Regression can be divided into several types such as simple regression, nonlinear regression, and multiple regression.
The overall regression is significant, as proved by the P-value which is <0.001 and the adjusted R-squared value of 0.768, which indicates a good fit of the model to the data.
The two independent variables, Trade Price (X1) and Speed of Execution (X2), are both significant, as their P-values are < 0.001.
The estimated regression equation is: satisfaction = 2.809 + 0.157*X1 + 0.338*X2
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The sales reporting functionality of a POS system can not determine what items are the most profitable, only how much is being sold.true or false
The given statement “The sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold.” is false because a Point of Sale (POS) system is designed to track items sold, the amount they were sold for, and the profit made from each sale.
A point-of-sale (POS) system is a software and hardware bundle that businesses employ to manage sales transactions. Transactions with customers, credit and debit cards, and cash payments can all be processed and tracked by this system.
The sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold. It is critical for businesses to track sales, sales trends, and inventory levels to make better business decisions.
However, whether a POS system can determine the most profitable items depends on the system and the business. Some POS systems have a feature called “gross margin return on investment” (GMROI), which measures profitability by comparing the profit earned with the money spent to acquire the inventory. This calculation can be used to determine which items are the most profitable.
In conclusion, the sales reporting functionality of a POS system can determine what items are the most profitable, in addition to how much is being sold is false.
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Which of the following is NOT one of the benefits of current-year and cumulative expenditures for camera/drone product R&D? Reducing future warranty claims and the associated costs of warranty repairs Boosting a company's P/Q ratings (the size of this benefit varies with the current and cumulative amounts spent and shows up in the P/Q ratings at the beginning of the following year) Increasing the productivity of PATs in assembling camera/drone models (because of easier to assemble product designs); the size of this benefit occurs immediately and varies according to the current and cumulative amounts spent Providing a pipeline of proven ways to produce and market new and improved camera/drone designs and models, thereby enabling the company to outsell rival brands and become the market share leader in all four geographic regions. o Lowering the costs of components, accessories, and enhancement features used in assembling cameras/drones
Increasing a company's P/Q rating; the size of this advantage fluctuates with the current and cumulative expenditures spent and appears in the P/Q ratings at the start of the next year.
Which of the following makes up the benefits package for camera/drone PAT members' compensation?Base salary for the year, assembly quality incentives ($ per unit assembled distributed evenly among PAT members), year-end bonus for flawless attendance, and the dollar value of a PAT member's fringe benefit package.
Which of the following practices improves a brand's reputation and image rating for a company?The manuals and packaging for the company's action cameras are made from recycled materials and environmentally friendly camera parts. A company's reputation will improve if it invests in socially responsible projects.
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when mario, general manager of taco bell, decided to inform his employees about the information from the higher ups, then make his taco bell locations central hubs for training, he was demonstrating both the informational and decisional roles of being a manager. true or false
True. Mario, as a general manager, exhibited both the informational role by sharing information from higher-ups and the decisional role by making the Taco Bell locations central hubs for training.
True. As a general manager, Mario performed the informational position by providing essential information from higher-ups to his employees, which is a critical aspect of successful communication and decision-making within a company.
Furthermore, he displayed a decisional role by taking the initiative to create his Taco Bell location's training centres. This position entails making decisions that impact the company's path as well as dealing with problems that arise within the business. Mario successfully managed his employees and contributed to the company's success by assuming both positions.
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Review the following statements and select the ones which accurately describe a Petty Cash fund
A. It is established to pay for small payments like postage, shipping fees, etc
B. It is an asset reported on the balance sheet
C. It is used to avoid the time and cost of writing checks for small amounts
A Petty Cash fund is established to pay for small payments, used to avoid the time and cost of writing checks for small amounts and also to report an asset on the balance sheet. Thus options A.B and C are all correct.
A petty cash fund is a small cash reserve kept on hand for small, unexpected expenditures like office supplies or postages. Petty cash is managed by a custodian who is responsible for dispensing and reconciling the fund.
It's worth noting that petty cash is a term that applies to a small sum of money rather than a specific type of payment.
A Petty Cash fund is set up by an organization in order to provide a convenient way to pay for small expenses that aren't worth the effort of issuing a check or using a credit card.
A petty cash fund is also reported in the balance sheet in the asset column.
In conclusion, a Petty Cash fund is established to pay for small payments like postage, shipping fees, etc. It is also used to avoid the time and cost of writing checks for small amounts and to report an asset on the balance sheet.
Thus all the options are correct.
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Which of the following is not an issuer of bonds?a. householdsb. corporationsc. the U.S. Treasuryd. government agencies
Households are not issuers of bonds, while corporations, government entities, and government agencies are common issuers of bonds. Here option A is the correct answer.
Bonds are debt securities that are issued by organizations or entities to raise capital. The issuer of a bond is the entity that sells the bond and is responsible for paying interest to bondholders and repaying the principal at maturity.
Corporations issue bonds to finance their operations or investments, while government entities and agencies, such as the U.S. Treasury, issue bonds to finance government spending or projects. Government agencies, such as Fannie Mae and Freddie Mac, also issue bonds to support their activities in the housing market.
On the other hand, households do not issue bonds. They may invest in bonds issued by corporations or government entities, but they are not the ones selling the bonds. Instead, households are purchasers of bonds, along with other investors such as institutional investors and foreign governments.
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in a sale on account, who is undertaking a financial risk of non-payment?
Answer:
The seller.
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a country's economic data indicates that there has been a substantial reduction in the financial capital available to private sector firms. which of the following most likely had the greatest influence on this economy?
"Especially large and sustained government borrowing" most likely had the greatest influence on the substantial reduction in financial capital available to private sector firms in the country's economy.
When a government borrows large amounts of money, it competes with private firms for available funds, leading to a decrease in financial capital available to private sector firms. This can make it more difficult and expensive for private firms to obtain loans or other forms of financing, which can negatively impact their operations and investments.
Additionally, sustained government borrowing can lead to higher interest rates, inflation, and reduced confidence in the economy, which can further limit private sector investment and growth.
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look.at the data under.purchase behavior ( purchase pack in 2014 (%): 23%. How offten do.consumers in this segment purchase a backpack? one.every 6 year,
once every 3.years,
oncw every 4 years,
once every 5 years,
or once.every 2.years.
According to the given data under purchase behavior do consumers in this segment purchase a backpack once every 5 years.
Consumer behavior or consumer behavior is the study of individuals and organizations and how they choose and use products. This part of the market research aims to understand the motivations and behaviors of people as consumers
The percentage of consumers in this segment who purchased a backpack in 2014 is given as 23%. Now, the time duration can be calculated as: 23% = 1/4.35 (since there are 4.35 years in 5 years). Therefore, the answer is: once every 5 years.
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what do you think might have happened as a result of both the congress and the states printing money?
The main consequence of both the Congress and the states printing money was inflation. When money is printed without corresponding economic growth, the additional money in circulation increases the price of goods and services. This, in turn, reduces the value of money and makes it difficult for people to buy goods and services.
Furthermore, the unequal distribution of money caused by both Congress and the states printing money can lead to further economic imbalances, such as increased wealth inequality.
In conclusion, both Congress and the states printing money can have a significant impact on the economy and lead to long-term problems such as inflation and wealth inequality. It is important to consider the potential consequences before taking such a drastic step.
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describe each of the following primary business activities: a. financial analysis b. human resources management c. information management d. marketing e.
financial analysis is the system of plan-ning, retaining, tracking, controlling, and reporting the usage of monetary assets.
Human resource management involves creating personnel regulations and techniques that assist business goals and strategic plans. primary to this undertaking is fostering a lifestyle that reflects core values and empowers employees to be as effective as feasible.
information management specializes in the level of manage an employer has over the facts it produces. It requires constructing committed information control systems designed to assist the enterprise use its sources to help enterprise approaches.
marketing refers to sports a agency undertakes to sell the shopping for or selling of a services or products. advertising includes advertising, selling, and handing over products to purchasers or other companies.
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1) Your roommate asks your help in understanding the major steps in the flow of costs in a job order cost system. Identify the steps for your roommate.2) Anton Juan believes actual manufacturing overhead should be charged to jobs. Agree or Disagree? Why?
Agree
Actual manufacturing overhead should be charged to jobs because it is an essential part of the cost of manufacturing a product.
Manufacturing overhead costs are those costs incurred in the production process that cannot be directly linked to a specific job or product. Examples of manufacturing overhead costs include indirect materials and labor, insurance, rent, taxes, and depreciation.
Charging actual manufacturing overhead to jobs ensures that the cost of producing a product or performing a service accurately reflects the true cost of the product or service. This helps to ensure that a company's products remain competitively priced and profitable.
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It is important for coaches to teach ethical behavior in sport becauseAnswers:models for ethical behavior are not always available forathletessport participation does not always provide an opportunity forathletes to learn ethical behaviorathletes can transfer a basic code of ethics to other areas oflifethe competitive environment does not provide opportunities tolearn moral and ethical behavior
It is important for coaches to teach ethical behavior in sport because athletes can transfer a basic code of ethics to other areas of life. (The correct answer is option C)
In sports, athletes have an opportunity to learn ethical behavior. As they learn sportsmanship, athletes become aware of the significance of fairness, respect, and honesty. Ethical values that are taught to athletes in sport may benefit them throughout their life, including in education, career, and family relationships. Athletes who learn ethical behavior in sport are better equipped to deal with moral issues in life. Therefore the correct answer is C.
Coaches must create a culture of integrity and trust, teaching ethical behavior, building character, and encouraging ethical decision-making. For this reason, coaches must prioritize the development of their athletes' moral and ethical values. Coaches must teach athletes to be honest, fair, and respectful of others, as well as to strive for excellence and be accountable for their actions.
Additionally, coaches can be a model for ethical behavior. They can demonstrate the values of teamwork, honesty, and respect through their actions and words. Athletes learn a lot about the standards of behavior from their coaches, so it's essential for coaches to be role models for their athletes.
In conclusion, coaches play a vital role in teaching ethical behavior to athletes. They must establish a culture of integrity and trust, encourage ethical decision-making, and prioritize the development of their athletes' moral and ethical values. Athletes who learn ethical behavior in sports are better equipped to deal with moral issues in life.
Your question is incomplete as it misses the option letter, the complete question is:
It is important for coaches to teach ethical behavior in sport because:
A. models for ethical behavior are not always available for athletes
B. sport participation does not always provide an opportunity for athletes to learn ethical behavior
C. athletes can transfer a basic code of ethics to other areas of life
D. the competitive environment does not provide opportunities to learn moral and ethical behavior
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employee privacy: a. relates to polygraph testing. b. does not relate to drug and alcohol testing. c. is automatically waived by an employment contract .
Employee privacy is automatically waived by an employment contract. The correct answer is option c.
Employee Privacy in the workplace is a serious concern for employers and employees. In today’s digital age, we’re all connected, and employers have the ability to monitor employees in ways that were once unimaginable. In addition, surveillance cameras, GPS tracking, and other technological tools give employers the ability to know what employees are doing, even when they’re not in the workplace.
Polygraph testing is the process of using instruments to measure specific physiological responses to determine if a person is telling the truth or lying. While it is used in some industries, it is controversial and generally not allowed by employers for employment purposes. In the United States, the Employee Polygraph Protection Act of 1988 prohibits most private employers from using polygraph testing to screen job applicants or test employees during the course of their employment.
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In the Allowance Method when a receivable is resurrected
A. Assets stay the same, Net Income stays the same.
b. Assets increase, Net Income increases.
C. Assets decrease, Net Income decreases
Option a: In the Allowance Method when assets stay the same, Net Income stays the same then receivable is resurrected.
The value adjustment method forms an allowance for expected future credit losses. The allowance is based on the percentage of sales generated during the reporting period, appropriately adjusted for the risks associated with specific customers.
Setting this allowance aligns sales and bad debt costs for the same period, giving readers of financial statements a better understanding of the true profitability of sales.
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Which of the following statements about instant messaging in the workplace are true? (Select all that apply.)Attitudes toward instant messaging in the workplace vary significantly.Instant messaging is a new form of communication, especially in the workplace.
Attitudes toward instant messaging in the workplace vary significantly is a true statement.
What is workplace?A workplace is a physical or virtual location where people gather to perform their job duties. It can take many forms, such as an office, factory, store, restaurant, or even a remote setting. The workplace typically includes equipment, tools, technology, and resources necessary for employees to carry out their tasks. It can also involve interactions with colleagues, supervisors, and customers, as well as adherence to policies and procedures set by the employer. A healthy and safe workplace is crucial for employee well-being and productivity, which is why workplace laws and regulations exist to protect workers' rights and promote a positive work environment. In today's ever-changing business landscape, workplaces are constantly evolving to meet the demands of the modern workforce and stay competitive in their respective industries.
The following statement is true:
Attitudes toward instant messaging in the workplace vary significantly.The following statement is false:
Instant messaging is a new form of communication, especially in the workplace.Instant messaging has been around for several decades and has become a widely used form of communication both in personal and professional settings. While attitudes toward instant messaging in the workplace do vary, it is a well-established form of communication that can be used to improve collaboration and productivity among employees.
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When a manufacturer saturates the market by selling to any intermediary of good financial standing that is willing to stock and sell the product, the manufacturer is engaged in _____.
intensive distribution
The manufacturer is engaged in intensive distribution when they saturate the market by selling to any intermediary of good financial standing that is willing to stock and sell the product.
What is Distribution?
Distribution is the method by which a manufacturing company makes a good or service available to the public for purchase. Intensive distribution is a type of distribution strategy in which a large number of intermediaries are used to sell a product in many different locations. It is a marketing strategy in which a company attempts to sell its products through every possible retail channel. This means that it is available everywhere, from small local stores to giant superstores, and is very accessible to customers.
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On July 1, Lopez Company paid $1,500 for six months of insurance coverage. No adjustments have been made to the Prepa Insurance account, and it is now December 31 Zim Company has a Supplies account balance of $5,600 at the beginning of the year. During the year, it purchases $2,300 supplies. As of December 31, a physical count of supplies shows $950 of supplies available. epare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies ac the Supplies Expense account as of December 31. *** View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 a. 1,500 Insurance expense Prepaid insurance 1,500 N b. Supplies Supplies expense
When answering questions on Brainly, it is important to always be factually accurate, professional, and friendly. Additionally, answers should be concise and free of extraneous detail.
Irrelevant parts of the question should be ignored, and the question should not be repeated in the answer. Here is the answer to the given question: Year-end adjusting entries and Supplies Expense account balance adjustments: Transaction No.General JournalDebitCredit1a.Insurance expense1,000Prepaid insurance1,0001b.Supplies expense6,950Supplies6,950Explanation:Lopez Company paid $1,500 for six months of insurance coverage, which means the monthly cost was $250 ($1,500 / 6 months). As of December 31, the company has used 6 months worth of insurance, which equates to $1,500 of the prepaid insurance being expired. Therefore, we need to debit Insurance expense and credit Prepaid insurance for $1,500.Zim Company had a Supplies account balance of $5,600 at the beginning of the year, made purchases of $2,300 during the year, and had $950 worth of supplies remaining at the end of the year. This means that $6,950 ($5,600 + $2,300 - $950) of supplies were used during the year. Therefore, we need to debit Supplies expense and credit Supplies for $6,950.The adjusted balances of the Supplies account and Supplies Expense account are as follows: Supplies: $950Supplies Expense: $6,950.
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The following data relate to notes receivable and interest for CGH Cable Co., a cable manufacturer and supplier. (All notes are dated as of the day they are received.)
Apr. 10. Received a $144,000, 5%, 60-day note on account.
May 15. Received a $270,000, 7%, 120-day note on account.
June 9. Received $145,200 on note of April 10.
Aug. 22. Received a $150,000, 4%, 45-day note on account.
Sept. 12. Received $276,300 on note of May 15.
30. Received a $210,000, 8%, 60-day note on account.
Oct. 6. Received $150,750 on note of August 22.
18. Received a 120,000, 5%, 60-day note on account.
Nov. 29. Received $212,800 on note of September 30.
Dec. 17. Received $121,000 on note of October 18.
Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles.
A journal is a detailed account that records all the financial transactions of a business, to be used for the future reconciling of accounts and the transfer of information to other official accounting records, such as the general ledger.
The following journal entries should be made to record the transactions related to notes receivable and interest for CGH Cable Co.:
April 10
Debit Notes Receivable $144,000
Credit Cash $144,000
May 15
Debit Notes Receivable $270,000
Credit Cash $270,000
June 9
Debit Cash $145,200
Credit Notes Receivable $145,200
August 22
Debit Notes Receivable $150,000
Credit Cash $150,000
September 12
Debit Cash $276,300
Credit Notes Receivable $276,300
September 30
Debit Notes Receivable $210,000
Credit Cash $210,000
October 6
Debit Cash $150,750
Credit Notes Receivable $150,750
October 18
Debit Notes Receivable $120,000
Credit Cash $120,000
November 29
Debit Cash $212,800
Credit Notes Receivable $212,800
December 17
Debit Cash $121,000
Credit Notes Receivable $121,000
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Economic conditions, region of the country, whether it is urban or rural, cultural and religious traditions, gendered norms, job opportunities, and level of technology are just a few of the micro level factors that shape parenting.A. TrueB. False
The statement "Economic conditions, region of the country, whether it is urban or rural, cultural and religious traditions, gendered norms, job opportunities, and level of technology are just a few of the micro level factors that shape parenting" is true because statement describe correct information.
Micro level factors such as economic conditions, region of the country, urban or rural status, cultural and religious traditions, gendered norms, job opportunities, and level of technology all have a significant impact on parenting.
For instance, economic conditions can influence parenting styles by affecting access to resources that may be necessary for providing for and raising children. Additionally, certain religious traditions may influence how parents view child rearing, such as the roles that each gender plays in the family.
Moreover, job opportunities can affect parenting styles as parents may need to be absent to go to work. Lastly, technology may shape how parents interact with their children by providing access to digital resources such as educational games. All of these micro level factors contribute to a family's parenting style.
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(figure: tax on sellers) suppose the imposition of a per-unit tax on sellers shifts the supply curve from s0 to s1. using the figure, calculate the amount of the tax. a. $2 b. $3 c. $1 d. $4
The amount of the tax is $2.
The per-unit tax shifts the supply curve from s0 to s1, decreasing the supply and increasing the price of the good. Since the horizontal distance between s0 and s1 is two units, the per-unit tax is $2. The total amount of the tax is found by multiplying the tax per unit ($2) by the quantity (2 units). The total amount of the tax is therefore $2.
The per-unit tax is imposed on sellers, and it causes the supply curve to shift from s0 to s1. This results in a decrease in the supply of the good, leading to an increase in the price.
The horizontal distance between the two curves (s0 and s1) is two units, indicating that the per-unit tax is $2. To calculate the total amount of the tax, the per-unit tax ($2) is multiplied by the quantity (2 units). This gives a total amount of the tax of $2.
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If imports______ , then the economy is said to have a trade deficit. A. precede exports. B. follow exports. C. equal exports. D. exceed exports.
If imports exceed exports, then the economy is said to have a trade deficit.
What is an economy? An economy refers to the system of production, distribution, and consumption of goods and services within a country or region. The economy's health is measured by various factors, including GDP, inflation, and employment rates.
What is a trade deficit? When a country imports more than it exports, it experiences a trade deficit. A trade deficit occurs when a country buys more goods and services from foreign countries than it sells to foreign countries. When imports exceed exports, the economy is said to have a trade deficit.
What is the significance of trade deficit? A trade deficit has both benefits and drawbacks. On the one hand, a trade deficit might indicate that a country's economy is strong and its citizens have high purchasing power. However, it can also imply that the country is dependent on foreign-made goods and is borrowing money to pay for imports. This could lead to the nation's economy's weakening in the long run.
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after a panel interview, you are told that the company is unsure of when a decision will be made. you want to make the best impression, so you decide to write a thank-you message. what advice should you follow when writing the thank-you message? check all that apply.
When writing a thank-you message after a panel interview, it is important to remain professional and courteous.
Express appreciation for the interviewer’s time and reiterate your interest in the position. Additionally, you can emphasize the qualifications that make you a great fit for the job. Finally, conclude by expressing your anticipation of a positive outcome.
To ensure the best impression, it is important to ensure the thank-you message is professional, courteous, and articulate.
Express appreciation for the interviewer’s time and reiterate your interest in the position. Additionally, emphasize the qualifications that make you a great fit for the job, and be sure to mention any ideas discussed in the interview. Finally, conclude by expressing your anticipation of a positive outcome.
To create a lasting impression, review your message for grammar and spelling errors before sending it.
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What do you called a characteristic of production whereby the marginal product of the next unit of a variable resource utilized is (greater/smaller) than that of the previous variable resource?
The characteristic of production whereby the marginal product of the next unit of a variable resource utilized is greater than that of the previous variable resource is called increasing returns to scale.
What are the types of returns to scale?Returns to scale are classified into three different types, Increasing returns to scale, Constant returns to scale, and Decreasing returns to scale.
Increasing returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is greater than that of the previous variable resource. It is considered that the output of a firm will increase by a greater proportion if all the inputs are doubled.
Constant returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is equal to that of the previous variable resource. It is considered that if all the inputs of the firm are doubled, the output will also be doubled.
Decreasing returns to scale: In this type of returns to scale, the marginal product of the next unit of a variable resource utilized is smaller than that of the previous variable resource. It is considered that if all the inputs of the firm are doubled, the output will be less than doubled.
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true or false the cost of freight-in is initially added to the balance of the cost of goods sold account.
True : The cost of freight-in is initially added to the cost of goods sold account's remaining balance.
How much does freight cost?Freight in: The shipping cost of receiving goods from a manufacturer or supplier is known as a freight in expense. Cargo in is a typical cost for stores, display areas or producers, as they source their materials from different places and include this expense for the expense of getting products. The cost of having goods or materials delivered to a business for manufacturing or resale is known as freight-in. The buyer records the cost as freight-in when they pay for the freight. The freight-in account is only used to record incoming transportation costs for resale merchandise.
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