It may have limits for high-value items such as a valuable collection of sports cards. It is advisable to talk with the insurance provider to know the particulars of the insurance policy.
A homeowner's policy provides protection against losses caused by theft, fire, storms, and other hazards. It's a good idea to double-check the policy to see what kind of personal property coverage is included. For personal property protection, the coverage is usually expressed as a percentage of the total policy limit.
Explanation: It is not entirely accurate that a standard homeowner's insurance policy covers everything. The majority of policies cover the structure of the home, but not the contents. Personal property coverage is typically an additional component of a homeowner's insurance policy, but it is not always included. Furthermore, if personal property coverage is included in the policy, it may have limits for high-value items such as a valuable collection of sports cards. It is advisable to talk with the insurance provider to know the particulars of the insurance policy.
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outstanding stock of the larson corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par noncumulative preferred stock. in 2019, larson declared and paid dividends of $4,000. in 2020, larson declared and paid dividends of $12,000. how much of the 2020 dividend was distributed to preferred shareholders?
Preferred shareholder received a payout of $6,000 in 2020. Prior to common shareholders receiving any dividends, preferred stockholders are entitled to a certain proportion of the par value of their shares.
Due to the noncumulative nature of the preferred stock, any unpaid dividends do not accumulate and roll over to subsequent periods. Hence, the announced dividends for the current year are the only ones that the preferred shareholders are eligible to receive. The whole $4,000 dividend was distributed to ordinary stockholders because there were no preferred dividends announced for the current year. The preferred stock is entitled to 5% of its par value, or $10 per share, in 2020. So, 10,000 shares times $10 multiplied by 5% equals $5,000 in total preferred dividends to be paid.
The amount left over after paying the preferred dividends is $12,000 - $5,000 = $7,000 since the total dividend paid in 2020 is $12,000. The sum paid to common stockholders is $7,000.
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suppose that the price of a treasury bill with 90 days to maturity and a $1 million face value is $995,000. what is the yield on a bank discount basis? enter your answer as a percent with 2 decimal places. bank discount yield
The bank discount yield is the return an investor can earn by investing in a treasury bill with 90 days to maturity and a $1 million face value.
To calculate the bank discount yield, you must divide the discount (difference between the face value and the price of the treasury bill) by the face value and then multiply that by the number of days the bill has until its maturity date. In this example, the bank discount yield would be calculated as follows: $5,000 (difference between face value and price) / $1,000,000 (face value) * 90 (days until maturity) = 0.45%.
This means that the investor can expect to earn a 0.45% return on their investment over the course of the 90-day period.
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comcast had been planning to purchase time warner for $45 million as a(n) . a.acquisition b.merger c.joint venture d.franchise
A merger is a combination of two companies to form a single company. Mergers can be either friendly or hostile, and are usually driven by a desire to increase market share, eliminate a competitor, or increase profitability. In the case of Comcast and Time Warner, the merger was a friendly one and was proposed for $45 million.
The merger would have resulted in one of the largest media companies in the world, with the combined company having a total market capitalization of over $160 billion and providing services to more than 30 million customers. The merger would have been beneficial to both companies, as it would have allowed them to leverage their combined resources and capabilities to better compete in the rapidly changing media landscape.
Unfortunately, the merger was ultimately blocked by the US Department of Justice in April 2015, citing concerns that such a large merger would create an anticompetitive landscape and reduce consumer choice. Despite this setback, both companies remain strong competitors in the media industry and continue to offer quality services to their customers.
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the is what one sees and hears when walking around an organization as a visitor, a customer, or an employee. group of answer choices role culture power culture observable culture person culture core culture
The observable culture is what one sees and hears when walking around an organization as a visitor, a customer, or an employee.
Organizational culture refers to the shared values, customs, beliefs, behaviors, and artifacts that characterize an organization. Organizational culture comprises a set of informal expectations that govern how people interact in a company, as well as the attitudes, habits, and assumptions that influence how they conduct their work. In an organization, there are many different cultures that affect employees' and customers' interactions.
Observable culture, core culture, person culture, role culture, and power culture are some of the cultures that influence organizational culture. Observational culture is what one sees and hears when walking around an organization as a visitor, a customer, or an employee. It is the visible and tangible aspects of an organization's culture, such as the dress code, office layout, and social events. Customers may encounter observable culture in the products and services they receive, as well as the way employees interact with them.
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- what would happen if you try to delete an item that was sold a couple of years ago, but has not been used in a while?
If you try to delete an item that was sold a couple of years ago, but has not been used in a while It will not let you delete it, instead you can make it inactive so it does not show as an option to use it.
When you delete a file from your phone, the operating system only removes the file from the index; the entire phone is not destroyed. It's as if you deleted the name, number, and address from a phone book, but if you just walked around the neighborhood, you could still theoretically go visit the actual house. Although it is a very condensed explanation of what occurs, it is generally fairly accurate.
The only thing to add is that eventually, the system will "reclaim" the space taken up by files that are no longer present but once existed but no longer have an entry in the index. For instance, when installing new apps, your phone searches for free space. It only searches the index and assumes that it is okay to write data there if the index indicates that a specific space on your storage medium is empty.
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resources, capabilities, and core competencies are the foundation of competitive advantage. true false
True, Resources, capabilities, and core competencies are essential elements that form the foundation of a company's competitive advantage.
Resources refer to the assets owned or controlled by a company, such as its financial, physical, human, and intellectual resources. Capabilities refer to the company's ability to leverage its resources and to deploy them effectively to achieve its goals. Core competencies are the unique strengths and capabilities that set a company apart from its competitors and enable it to create and sustain a competitive advantage over the long term.
To be successful, a company needs to identify and develop its resources, capabilities, and core competencies in a way that aligns with its strategic goals and objectives. By doing so, the company can differentiate itself from its competitors and create a unique value proposition for its customers. This, in turn, can help the company to achieve sustainable growth and profitability in the long run. Therefore, it is important for companies to focus on developing and leveraging their resources, capabilities, and core competencies to gain a competitive advantage.
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you want to buy a house and will need to borrow $245,000. the interest rate on your loan is 5.77 percent compounded monthly and the loan is for 30 years. what are your monthly mortgage payments?
Their monthly mortgage payments will be $1,426.37. The student wants to buy a house and will need to borrow $245,000. The interest rate on their loan is 5.77 percent compounded monthly, and the loan is for 30 years.
Mortgage payments can be calculated using the formula
[tex]P = L[c(1 + c)^n]/[(1 + c)^n - 1][/tex]
where P is the monthly payment, L is the loan amount, c is the monthly interest rate, and n is the number of monthly payments. The monthly interest rate is 5.77%/12 = 0.0048083, and the number of monthly payments is 30 x 12 = 360. Plugging these values into the formula gives: [tex]P = 245000[0.0048083(1 + 0.0048083)^360]/[(1 + 0.0048083)^360 - 1]P = $1,426.37[/tex]
Therefore, their monthly mortgage payments will be $1,426.37.
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all of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are a(n) . early adopter distribution channel national brand copy point private label
All of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are a distribution channel.
What is a distribution channel?
A distribution channel is a set of intermediaries through which a product passes before it reaches its final consumer. Distributors can help by providing warehousing facilities, transportation, logistics, and also by providing after-sales service.
Distribution channels are critical for a company's success because they help to develop customer satisfaction, loyalty, and retention, and they also help to cut expenses.
Therefore, distributors assist firms in penetrating markets more effectively and delivering goods and services more efficiently.
A distribution channel can be both direct and indirect. All of the firms and individuals that take title or help in taking title to the product as it moves from the producer to the consumer are called the distribution channel.
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analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization. true false
The given statement "analyzing the internal environment enables a firm to determine what it can do by identifying resources, capabilities, and core competencies in the internal organization" is True because Analyzing the internal environment of a firm enables the firm to assess its strengths and weaknesses in terms of resources, capabilities, and core competencies.
Through this analysis, the firm is able to identify areas in which it has a competitive advantage, as well as any areas that need improvement. Resources refer to tangible assets such as physical capital and human capital. Capabilities refer to a firm’s ability to combine and utilize these resources to create and deliver value.
Core competencies are the specific capabilities that enable the firm to sustain a competitive advantage over its competitors. Through analyzing these internal elements, the firm can develop strategies to optimize the use of its resources, capabilities, and core competencies to create value for its customers.
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When many different jobs or products are worked on each period, the most likely costing system used is ______.
The most likely costing system used when many different jobs or products are worked on each period is job order costing.
Job order costing is a system of accounting that is used in production environments to track the costs of producing unique products or services. The system assigns direct and indirect costs to each job, and it is used to determine the profitability of each job. The job order costing system is used by companies that produce unique or custom-made products. Each product or job has different requirements and specifications, and the cost of producing each product or job is unique. The job order costing system tracks the costs of producing each job individually and assigns those costs to the specific job.
The job order costing system is used by many different types of companies, including manufacturers, service providers, and construction companies. It is especially useful for companies that produce unique or custom-made products, as it allows them to accurately track the costs of producing each product or job. The job order costing system has several advantages over other costing systems. First, it allows companies to track the costs of producing each job individually, which allows them to determine the profitability of each job. Second, it provides a detailed breakdown of the costs of producing each job, which allows companies to identify areas where they can reduce costs and increase profitability. Finally, it provides a detailed record of the costs of producing each job, which can be used for tax and accounting purposes.
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an investor buys five shares of xyz at the beginning of 2020, buys another two shares at the beginning of 2021, sells one share at the beginning of 2022, and sells all six remaining shares at the beginning of 2023. a. what are the arithmetic and geometric average time-weighted rates of return for the investor? b. prepare a chart of cash flows for the four dates corresponding to the turns of the year for january 1, 2020, to january 1, 2023. c. what is the dollar-weighted rate of return?
a. Arithmetic average time-weighted rate of return: As we know that the formula of the arithmetic average time-weighted rate of return is given as follows:
Arithmetic Average Time-Weighted Rate of Return= [tex]\frac{\sum R}{n}[/tex]
Where,
R = returns for each period
n = number of periods (in this case 3).
By using the formula of the arithmetic average time-weighted rate of return we can calculate the arithmetic average time-weighted rate of return as follows:
For year 2020:
R1 = [tex]\frac{(5 \times P_1- (5\times P_0))}{(5\times P_0)}\\\\\\[/tex]
[tex]R1=\frac{(5 \times P_1 -5}{5} \\\\R1 = P_1 - 1[/tex]
For year 2021:
[tex]R2 =\frac{ [(5 \times P_1 + 2 \times P_2 - (5 \times P_0))}{(5 \times P_0)]^{(1/2)} - 1}\\\\\\\\[/tex]
[tex]R2=\frac{(5 \times P_1 + 2 \times P_2-5)}{5^{(1/2) - 1 }}[/tex]
[tex]R2 = (5 \times P_1+ 2 \times P_2- 5)^{(1/2) - 1}[/tex]
For year 2022:
[tex]R3 =\frac{ [(4 \times P_2 - (5 \times P_0))}{(5 \times P_0)]^{(1/2) - 1}}[/tex]
[tex]R3 =\frac {(4 \times P_2 - 5)}{5^{(1/2) - 1}}[/tex]
[tex]R3 = (4 \times P_2- 5)^{(1/2) - 1}[/tex]
By adding all the calculated returns and dividing them by 3 we get the arithmetic average time-weighted rate of return.
(i) The arithmetic average time-weighted rate of return is ($P_2$)^(1/3) − 1
(ii) The geometric average time-weighted rate of return is ($P_2$)^(1/3) − 1b.
For the final sale,
[tex]R = (FV4 - BV4)/BV4= 6P_2 / P_2 - 1R = 5[/tex]
By adding all the calculated returns we get the dollar-weighted rate of return.
(iii) The dollar-weighted rate of return is [tex]11/P_0[/tex].
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what type of join would best show all customers and their related transaction details?
To show all customers and their related transaction details, the type of join that would be best is the LEFT OUTER JOIN.What is a Join?
A LEFT OUTER JOIN is a database operation that returns all the rows from the left table and matching rows from the right table. If there are no matching rows found from the right table, NULL values are used in the result set. A LEFT OUTER JOIN returns all the records from the left table and only those records from the right table that match the join condition. If there is no match, the result set contains NULL values in the columns that correspond to the right table.
Example of a LEFT OUTER JOINSELECT Customers.CustomerID, Customers.Name, Transactions.Amount
FROM Customers
LEFT OUTER JOIN Transactions ON Customers.CustomerID = Transactions.CustomerID
In the above example, all the records from the Customers table are returned, along with only those records from the Transactions table that match the join condition. If there is no match, the Amount column will contain NULL values in the result set.
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which of the following comparisons is correct? a. corporations may carry back capital losses; individuals may not. b. both corporation and individual long-term capital losses carry over as short-term capital losses. c. corporations may carry forward capital losses indefinitely; individuals may carry forward capital losses for only five years.
Corporations may carry forward capital losses indefinitely comparisons is correct. The answer is OPTION C
You can declare a loss on your return if the sum of all your gains minus all your losses is a loss. Up to $3,000 in current-year net losses, or $1,500 if married filing individually, may be reported. Transfer total losses exceeding $3,000 to the return for the following year.
Capital losses may be carried over forever. You may carry forward any remaining capital losses for use in future years if you have applied them first to capital profits and then to ordinary income. Both long-term and short-term capital profits can be offset by a short-term capital loss. The answer is OPTION C
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the entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the . (1.2.4)
The entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the Public Safety Answering Point (PSAP).
Public Safety Answering Point, which is a law enforcement term that refers to a 24-hour communication center manned by emergency responders such as police, fire, and ambulance personnel. These centers are critical to the management of emergency and non-emergency calls, as well as the coordination of appropriate responses to them.
For example, a 9-1-1 call can be directed to the PSAP, where operators will gather data about the emergency, location, and any additional details that may be relevant. These operators are highly trained and may offer guidance to the caller about what to do before responders arrive. They may also initiate a response by alerting emergency responders of the situation and sending them to the scene.
In conclusion, the entity responsible for receiving and processing 9-1-1 calls directly from the 9-1-1 control office is the Public Safety Answering Point (PSAP).
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is running a transnational corporate-level strategy. it means that customization for the local market. economies of scale and centralized strategic control. global efficiency and local responsiveness. standardization of products across countries
Aims to achieve the objectives of a transnational corporation by integrating the benefits of a global strategy with those of a multidomestic strategy including all the options given.
Transnational corporate-level strategy implies customization for the local market, economies of scale and centralized strategic control, global efficiency and local responsiveness, standardization of products across countries. A transnational corporate-level strategy combines the advantages of global and multidomestic strategies, attempting to accomplish the benefits of a transnational corporation. In this approach, transnational corporations strive to improve their worldwide competitiveness by integrating the benefits of a global strategy with those of a multidomestic strategy. Transnational corporate-level strategy may be distinguished by the following four characteristics:Global efficiencyLocal responsivenessCentralized strategic controlCustomization for local marketsAccording to research, a transnational corporation-level strategy can be defined as an integrated approach that tries to achieve global efficiency and local responsiveness, as well as economies of scale and centralized strategic control. In this strategy, standardization of products across countries is also considered.Learn more about multidomestic strategy: https://brainly.com/question/25878979
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The auditor is performing tests of transactions for individual accounts payable transactions with vendors. Which document provides more reliable information about individual transactions with vendors?
A) Receiving report
B) Vendors' invoices
C) Vendors' statements
D) Purchase orders
The auditor is performing tests of transactions for individual accounts payable transactions with vendors. Vendors' invoices provides more reliable information about individual transactions with vendors. The correct answer is option b.
What is an Accounts Payable?Accounts payable refers to the quantity of funds that a company owes to its creditors and suppliers for goods and services acquired on credit. It is referred to as a liability account on a company's balance sheet because the sum is owed but has not yet been compensated. Account payable in accounting refers to the quantities that a business owes for products or services provided by its suppliers or creditors on credit. The auditor performs transaction testing to ensure that the data in the financial statements is correct.
The auditor tests the transaction data to ensure that the financial statements are fairly presented. The audit of transactions aims to test the internal controls that the company has put in place to minimize fraud, waste, and errors. The auditors must obtain the most reliable evidence possible in their testing. The auditors would consider vendor invoices to be the most reliable source of information about individual transactions with vendors.
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6. assume you are working in technical sales. what applications currently using non-pm parts would you attempt to develop? what would you say to your potential customers during your sales visits? what kind of questions do you think they would ask?
Technical sales is the process of selling hardware and software items to consumers. These salespersons frequently have a technical background and engage in business-to-business (B2B) transactions.
Applications that currently use non-PM parts include automobiles, manufacturing equipment, heavy equipment, construction equipment, and aerospace. Technical salespeople should emphasize that non-PM parts can be harmful to consumers' equipment and that using the right PM parts is essential.
Technical salespeople should explain the significance of PM parts in their customers' operations and how not utilizing PM parts can impact operations. The following questions are likely to be asked by potential customers: What are PM parts, and how do they differ from non-PM parts? How can using PM parts benefit my company's operations? What are the differences in price between PM and non-PM parts? Is there a warranty on PM parts, and what is the guarantee period? These are some of the questions that potential customers would ask during sales visits.
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what opportunities do you see for leveraging scientific findings to advance real and substantive emissions reductions by 2030?
The opportunities for leveraging scientific findings to advance real and substantive carbon emissions reductions by 2030 are plentiful. Research indicates that strategies for reducing emissions fall into two categories: supply-side and demand-side measures. Supply-side measures aim to reduce emissions directly at the source,
for example by improving energy efficiency and switching from fossil fuels to renewable energy sources. Demand-side measures focus on reducing emissions by decreasing the demand for energy, for example through improving the energy efficiency of buildings, implementing green infrastructure, and promoting sustainable transport systems. By combining supply-side and demand-side measures, substantial reductions in emissions can be achieved by 2030.
For example, improved energy efficiency can be achieved through enhanced insulation and air tightness of buildings, increased use of green energy sources, improved public transportation systems, and increased reliance on efficient renewable energy sources. The integration of renewable energy sources into the energy grid is essential for reducing emissions, as it would help meet the energy demands while simultaneously reducing emissions.
Moreover, the implementation of green infrastructure can also lead to significant reductions in emissions. Green infrastructure includes features such as green roofs and walls, pervious pavements, rain gardens, and urban forestry, which help absorb and filter out pollutants from the atmosphere.
In conclusion, through a combination of supply-side and demand-side measures, it is possible to make real and substantive carbon emissions reductions by 2030. Such measures include improved energy efficiency, increased use of renewable energy sources, and the implementation of green infrastructure.
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basic business research refers to research usually performed by academic researchers and supported by some public or private institution. true false
False, basic business research does not necessarily mean research performed by academic researchers and supported by public or private institutions.
What is basic business research?Basic business research refers to research that is conducted with the aim of understanding the underlying principles and nature of business phenomena. This type of research generally investigates theoretical concepts and models rather than practical applications. Basic research does not necessarily have immediate commercial or practical implications but rather forms the basis for applied research and development.basic business research: research refers to the research that is directed toward the development of new knowledge, concepts, theories, and models.
Basic business research is research because it seeks to develop new knowledge and understanding of fundamental business concepts and principles. Its main objective is to contribute to the overall understanding of business phenomena and to provide insights into the underlying theories, models, and concepts.Basic business research is often conducted in universities and research institutes and can be funded by public or private institutions.
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2 which of the following best describes a typical business cycle? a. economic expansions are followed by economic contractions. b. inflation is followed by unemployment. c. trade surpluses are followed by trade deficits. d. stagflation is followed by inflationary economic growth.
Economic expansions are followed by economic contractions best describes a typical trade cycle.
The business cycle stage known as expansion occurs when real gross domestic product (GDP) increases for two or more consecutive quarters, going from a low point to a high point. Expansion, which is also known as an economic recovery, is frequently accompanied by an increase in employment, consumer confidence, and equity markets.
When the economy is in contraction, it means that it is experiencing a downturn as a whole. The business cycle typically experiences a contraction after its peaks but before it enters a trough. Most economists agree that a recession has occurred when a nation's real gross domestic product (GDP), the most closely watched indicator of economic activity, has decreased for two or more consecutive quarters.
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an asset used in a four-year project falls in the five-year macrs class (macrs schedule) for tax purposes. the asset has an acquisition cost of $6,900,000 and will be sold for $1,500,000 at the end of the project. if the tax rate is 21 percent, what is the aftertax salvage value of the asset?
The aftertax salvage value of the asset that is used in a four-year project and falls in the five-year MACRS class (MACRS schedule) for tax purposes is $ 891,000.
What is an asset?
An asset is an economic resource that a company or individual possesses and can be used to produce positive financial value. Properties, investments, machinery, inventories, and patents are examples of assets.
What is MACRS?
Modified Accelerated Cost Recovery System (MACRS) is a tax depreciation system for property that is in use in the United States. MACRS is a method of calculating depreciation using a declining balance formula, switching to straight-line depreciation when that method provides a higher amount.MACRS is a form of accelerated depreciation, meaning that assets lose value at a higher rate in the early years of their use than in their later years. This can have an impact on cash flow since firms can write off more of the cost of the asset in the early years, lowering taxable income and thus taxes paid.
What is an aftertax salvage value?
An after-tax salvage value refers to the net amount of money a company or an individual receives for selling an asset after adjusting for the tax liability incurred as a result of the sale. It is the amount of revenue a company receives from the sale of a capital asset after deducting any relevant taxes from the proceeds.
Let’s find out the aftertax salvage value of the asset using the below formula.
Aftertax salvage value = Selling Price - [Tax rate × (Selling Price - Book value)]
Here, Selling price = $1,500,000Tax rate = 21%Book value = $0 (It means the end of the depreciation period, and the asset's value is zero)
Now, put the values in the formula.
Aftertax salvage value = Selling Price - [Tax rate × (Selling Price - Book value)]
Aftertax salvage value = $1,500,000 - [0.21 × ($1,500,000 - $0)]Aftertax salvage value = $891,000
Therefore, the aftertax salvage value of the asset that is used in a four-year project and falls in the five-year MACRS class (MACRS schedule) for tax purposes is $ 891,000.
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the greater the discrepancy between a consumer's needy state and the desired state, the greater themultiple choicetime required to satisfy the need.breadth of the external information search.size of the universal set will be.effort consumers will invest in searching for alternatives.consumer's need recognition will be.
The consumer's need recognition will be the greater the discrepancy between a consumer's needy state and the desired state
Consumer must recall prior knowledge in order to recognize a brand. If a company wants to build brand awareness, it must continually provide clients with a consistent visual or auditory learning experience. Effective marketing requires an understanding of consumer behavior and the elements that affect it. Consumer behavior refers to how a customer acts or reacts in relation to the products and services they use and the companies that provide them. Businesses can identify unrealized potential and anticipate how potential customers would react to new items by understanding consumer behavior.
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a lumber yard has fixed costs of $2865.20 per day and variable costs of $0.93 per board-foot produced. assume their lumber sales for $2.83 per board-foot. how many board-feet must be produced and sold daily to break even?
The lumber yard must produce and sell 1508 board-feet daily to break even.
The break-even point can be calculated using the following formula:
Break-even point (units) = Fixed costs / (Price per unit - Variable costs per unit)
In this case, the price per unit is the lumber sales price of $2.83 per board-foot, and the variable costs per unit are $0.93 per board-foot.
Substituting these values, we get:
Break-even point (board-feet) = $2865.20 / ($2.83 - $0.93) per board-foot
Break-even point (board-feet) = $2865.20 / $1.90 per board-foot
Break-even point (board-feet) = 1508 board-feet
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During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts Receivable showed a $16,000 debit balance, and the Allowance for Doubtful Accounts showed a $900 credit balance. Collections of accounts receivable during 2012 amounted to $60,000.
Data during 2012 follows:
a. On December 31, 2012, an Account Receivable (J. Doe) of $1,700 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt.
b. On December 31, 2012, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 1.5 percent of credit sales for the year.
The required journal entries for the two items on December 31, 2012, will include Dr. Allowance for Doubtful Accounts $1,700 Cr Accounts Receivable - $1,700 and Dr. Bad Debt Expense - $1,125 Cr. Allowance for Doubtful Accounts - $1,125.
To prepare the required journal entries for the two items on December 31, 2012, follow these steps:
1. Write off the uncollectible account receivable (J. Doe) of $1,700 from a prior year as a bad debt.
Journal Entry:
Debit: Allowance for Doubtful Accounts - $1,700
Credit: Accounts Receivable (J. Doe) - $1,700
2. Estimate the bad debt losses for 2012 based on 1.5% of credit sales.
Credit Sales for 2012 = $75,000
Bad Debt Losses Estimate = 1.5% * $75,000 = $1,125
Journal Entry:
Debit: Bad Debt Expense - $1,125
Credit: Allowance for Doubtful Accounts - $1,125
So, the required journal entries on December 31, 2012, are as follows:
1. Debit Allowance for Doubtful Accounts - $1,700, Credit Accounts Receivable (J. Doe) - $1,700
2. Debit Bad Debt Expense - $1,125, Credit Allowance for Doubtful Accounts - $1,125
Note: The question is incomplete. The complete question probably is: During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts Receivable showed a $16,000 debit balance, and the Allowance for Doubtful Accounts showed a $900 credit balance. Collections of accounts receivable during 2012 amounted to $60,000. Data during 2012 follows: a. On December 31, 2012, an Account Receivable (J. Doe) of $1,700 from a prior year was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, 2012, on the basis of experience, a decision was made to continue the accounting policy of basing estimated bad debt losses on 1.5 percent of credit sales for the year. Prepare the required journal entries for the two items on December 31, 2012 (end of the accounting period)
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services can't be touched, consumed, or felt in the same way as goods. this is an example of .
Services can't be touched, consumed, or felt in the same way as goods. This is an example of difference between goods and services. Goods are tangible products that can be touched, consumed, or felt. Services, on the other hand, are intangible activities performed by one party for another.
Goods are tangible products that can be seen, touched, or felt, and usually involve the transfer of ownership of an item from one party to another. Examples of goods include cars, food, clothes, and furniture.
Services are intangible activities that one party performs for another. Examples of services include medical care, legal advice, and accounting. Unlike goods, services cannot be transferred from one party to another. Instead, they must be experienced by the receiver. Services also cannot be touched, consumed, or felt in the same way as goods.
The key difference between goods and services is that goods are tangible products, while services are intangible activities. Goods can be touched, consumed, or felt, while services cannot. Additionally, services cannot be transferred from one party to another, unlike goods.
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suppose that in mexico, it takes 4 labor hours to produce 1 shirt and 10 labor hours to produce 1 computer. suppose that in the united states, it takes 3 labor hours to produce 1 shirt and x labor hours to produce 1 computer. does the value of x affect the united states' absolute advantage in the production of shirts?
The absolute advantage of a country in manufacturing a certain item is defined by its efficiency in producing that good in comparison to other countries. In the aforementioned scenario,
Mexico takes 4 hours to make one shirt and 10 hours to make one computer, but the United States takes 3 hours to make one shirt. The value of x, which indicates the number of labor hours required to manufacture one computer in the United States, has no effect on the country's absolute advantage in shirt production. The absolute advantage of the United States in shirt production is defined by the fact that it takes less labor hours to create one shirt than Mexico.. The value of x, on the other hand, can alter the comparative advantage of the United States in producing computers relative to Mexico. If x is less than 10,
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which of the following would be most likely to shift the long-run aggregate supply curve (lras) to the right? group of answer choices favorable weather conditions that increased the size of this year's grain harvest an increase in resource prices relative to product prices an increase in labor productivity as the result of improved computer technology and expansion of the internet an increase in the cost of security as the result of terrorist activities
The most likely scenario to shift the long-run aggregate supply curve (LRAS) to the right is an increase in labor productivity as the result of improved computer technology and the expansion of the internet. So, the correct answer is an increase in labor productivity as the result of improved computer technology and expansion of the internet.
What is the LRAS?The LRAS or long-run aggregate supply curve is a graphical representation of the production capacity of an economy when all resources are being used at their optimal levels. This capacity is independent of the price level, and it shows the maximum amount of goods and services that can be produced in the long run.
The LRAS can shift due to changes in factors that determine the economy's production capacity in the long run. These factors include:
Technological progress: An improvement in technology increases productivity, and it leads to a shift of the LRAS curve to the right. Technological improvements can increase labor productivity, resource utilization, or the efficiency of capital utilization.
Labor force growth: An increase in the labor force will lead to an increase in production capacity, leading to a rightward shift in the LRAS curve.
Natural resources: An increase in natural resources will increase production capacity, leading to a rightward shift in the LRAS curve. For example, favorable weather conditions that increase the size of this year's grain harvest would increase the production capacity of the economy.
Hence, the option that would most likely shift the LRAS curve to the right is an increase in labor productivity as the result of improved computer technology and the expansion of the internet.
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you are thinking of starting a tutoring service. you already have a part-time job on campus that pays $20 per hour. you think you can tutor fellow students for five hours each saturday at $25 per hour, and you have already printed $10 worth of flyers to hang on campus for advertising. if you were not tutoring, you could work another five hours at your campus job. how much economic surplus will you generate each week if you start tutoring? group of answer choices $125 $100 $25 $15
The economic surplus generated each week, if they start tutoring, is $15.
We will first find the total income earned by the person if they do not start tutoring. For that, we need to calculate the income earned by the person from their part-time job on campus for 5 hours. As we know, they are paid $20 per hour.
So, the total income earned is:
Total income earned = 5 × $20 = $100
Now, we will find the total income earned by the person if they start tutoring. For that, we need to calculate the income earned by the person from tutoring for 5 hours. As we know, they are paid $25 per hour.
So, the total income earned is:
Total income earned = 5 × $25 = $125
Now, we will find the total cost of tutoring. As we know, the person has printed flyers worth $10.
Total cost of tutoring = $10
Now, we will find the economic surplus generated.
Economic surplus generated = Total income earned - Total cost of tutoring - Income earned from campus job
Economic surplus generated = $125 - $10 - $100 = $15
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andre is completing a questionnaire containing over 400 items covering five major categories: tools and equipment, perceptual and physical requirements, mathematical requirements, communication requirements, and decision making and responsibility. andre is using the:
André is completing a questionnaire containing over 400 items covering five major categories: tools and equipment, perceptual and physical requirements, mathematical requirements, communication requirements, and decision-making and responsibility. André is using the survey method.
What is a questionnaire? A questionnaire is a data-gathering method that includes a series of questions, statements, or other items that elicit responses from a sample of participants. Researchers employ questionnaires to learn about attitudes, beliefs, values, behaviors, personality qualities, and other attributes, among other things. Questionnaires may be used to gather data on a wide range of subjects, including personal and sensitive subjects. They may be used in a variety of settings, such as academic research, professional research, medical research, and market research.
The types of questionnaires are as follows: Structured Questionnaires, Unstructured Questionnaires, Open-ended Questionnaires, Closed-ended Questionnaires, Likert Scale Questionnaires, Semantic Differential Scale Questionnaires Symptom Checklist Questionnaires, Attitude Scale Questionnaires.
Likewise, André is using the survey method, which is one of the types of questionnaires. The survey is a popular research method that allows for the collection and analysis of data from a large sample of people. Surveys may be done in-person, online, over the phone, or by mail.
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which is an example of internal secondary data for marketing research?
An example of internal secondary data for marketing research is sales reports.
Marketing research is the methodical and unbiased gathering, evaluation, and dissemination of information about a specific market or target audience in order to make better-informed business decisions. Marketing research can help companies comprehend their market, keep up with emerging trends and competitors, and develop marketing strategies that are tailored to their specific audience.The primary goal of marketing research is to enable businesses to make data-driven decisions by providing insights into customer needs and behaviors, market trends and competition, and overall market potential. It can be accomplished through a variety of research methods, including surveys, focus groups, observational studies, and experiments.
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