Answer:
the difference between the contract price of coffee and what Lori will have to pay to secure alternative coffee
Explanation:
Lori wanted to buy coffee beans for that she paid the contract price of $7.50 per pounds to mike. Mike has breached the contract which is why Lori has lost $7.50. Now to buy coffee beans she will contact some other supplier and pay them to secure alternative coffee. So, in total Lori's damages are the contract price of coffee and what she will pay some other vendor to secure coffee beans.
In 2005, Comcast created AZN, a television network for Asian Americans. What type of strategy did Comcast use when it found this unique group of consumers whose specific needs were not being addressed by a cable station?
Answer:
Market segmentation
Explanation:
The market segmentation strategy is that type of strategy which refers to the division of the segments based on the various dimensions like demographic, geographic, behavioral, psychographic, etc so that the needs and wants of each consumer could be satisfied.
Therefore, according to the given scenario, the most appropriate strategy is market segmentation which suites in the current situation
In Dart Co.'s year two single-step Income Statement, as prepared by Dart's controller, the section titled "Revenues" consisted of the following: Sales $250,000 Purchase discounts 3,000 Recovery of accounts written off 10,000 Total revenues $263,000 In its year two single-step Income Statement, what amount should Dart report as total revenues?
Answer:
$250,000
Explanation:
As we know that the income statement reports the total revenues earned and the total expenses incurred. The total revenues should be presented on the income statement on the credit side while the total expenses should be presented on the income statement on the debit side.
In the given case, the sales are made for $250,000 and the other amount that is given is not related to the revenue
So, only $250,000 should be reported as a total revenues
Digital marketing isn't just about selling your products internationally. It can be used to great effect for local businesses. What do we mean by 'local businesses'?
A. A business that operates from a specific geographic location
B. A business that is within a 5km radius from the customer
C. A business that has existed within a community for more than 5 years
D. A business that only provides a service based product
Answer:
A. A business that operates from a specific geographical location
Explanation:
The scope of digital Marketing has grown tremendously in the recent past. The major reason being it's wide reach through internet unlike the conventional form of marketing which is limited to specific location.
Digital Marketing refers to advertisement through display of advertisements on social portals and web pages. The marketeer buys space on social platforms and other websites for content.
For instance the advertisements on social media platforms is a form of digital marketing.
The world has turned into one global market owing to such technological advancements.
Local businesses refer to the place or location where a business is based.
Thus, local businesses refer to (A). A business that operates from a specific location.
Which approach to task and job analysis is most frequently used when the organization already exists and the work behavior of the existing employees is the basis for the analysis?
Answer:
Bottom-up method
Explanation:
Bottom-up method or the approach is the one which is defined as the piecing together the systems which give rise to more systems that are complex and make the sub systems and original systems of the emergent system.
It is the kind of processing where the information is processed grounded on the incoming data from the environment to make a perception.
So, the bottom up approach is used to task as well analysis the job which is more frequently used.
A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in order to compete with lower priced competitors.
Answer:
The correct answer to the following question will be "Cost leadership strategy".
Explanation:
In the corporate strategy, cost leadership provides a strategic advantage of having the cheapest operating costs in the market.
Cost management is sometimes driven by market performance, cost, volume, complexity, and collective experience.
Summary of Advantages of Cost Leadership, such as:
This makes better income for the boss and the organization.This can increase the market share of the company.Improves the survival of the company.It generates more resources that could be used for production.Therefore, this will be the right answer.
Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees? a. Streamlining b. Rightsizing c. Layoff d. Paradigm shift
Answer:
c. Layoff
Explanation:
Layoff refers to the action of employers terminating the services of an employee. It when an employer brings to an end to their work relationship with the employee. Layoff occurs due to a variety of reasons. It may affect one worker or a group of workers.
A layoff is different from dismissal or firing. Dismissal may be a result of employee under-performance or breach of contract. Layoff occurs because employers need to reduce their salary expenditures.
Answer:
Layoff
Explanation:
Assume that an employee of a FINRA member firm opens a securities account at another FINRA member firm. If requested, the employing member firm can request duplicate (A)confirmations only.(B)account statements only(C)confirmations and account statements(D)account forms used to open the account.
Answer:
C) confirmations and account statements
Explanation:
If an employee of a FINRA member firm wants to work for another FINRA firm, he/she must notify his/her employing member firm, and his/her new employer must send duplicate confirmations and account statements only if requested by the member employing firm. The member employing firm does not have to grant any type of approval or permission.
The Financial Industry Regulatory Authority (FINRA) regulates member brokerage firms and exchange markets. FINRA is regulated and overseen by the SEC. They issue licences to individuals and admits companies into the financial trading industry.
What do the National Survey of Family Growth, Youth Risk Behavior Survey, and National Survey of Adolescent Males have in common?
Answer:
All of them are longitudinal studies.
Explanation:
The survey is conducted every year now since 1991 by a sample of the population of students at the regional, state, and local levels. The YRBS findings help adolescents and young adults consider the factors contributing to the major causes of cancer, mortality, and injury. The research paper will investigate data gathered by the National Survey of Teenage Males in the fourth wave of a special longitudinal data set.In the "Talking with Little Girls" reading, Lisa Bloom writes about Group of answer choices
1. how important it is to compliment a little girl’s appearance.
2. how we should consider sending messages to little girls that we value their brains .
3. how saying "How cute you are" to a little girl when you first see her teaches her that looks are more important than anything.
4. both b and c.
5. all of the above.
Answer:
4. both b and c.
2. how we should consider sending messages to little girls that we value their brains . 3. how saying "How cute you are" to a little girl when you first see her teaches her that looks are more important than anything.Explanation:
If you have a much younger little sister, you will probably have noticed that little girls pay a lot of attention to what grown ups or much older people tell them. A 5 year old sister considers her 15 year old brother to be almost a grandpa. Unlike little boys, little girls are very affected by the way you talk to them and display very feminine characteristics, e.g. they like to play mommy with her dolls, they take care of their pets and pretend they are babies, etc.
But when you talk to them, you must be very careful to not only praise how cute she might be, but you should also praise how intelligent or capable she is. For example, I like to praise how well my little niece paints and draws, and I always tell her she will be a great artist. Since she likes hearing how good she can be at something, she draws and paints a lot, and even though at the beginning she wasn't really, now she is doing it well. Now I can proudly tell her that she is going to be the cutest painter in the world.
The correct option is: 4. both b and c.
In "Talking with Little Girls," Lisa Bloom emphasizes the importance of sending messages to little girls that value their intellect and abilities, rather than focusing solely on their appearance. Bloom argues that complimenting a girl's appearance, such as saying "How cute you are," can inadvertently teach her that looks are more important than her skills or intelligence.
By prioritizing comments that highlight a girl's brainpower and achievements, rather than just her physical appearance, we help foster a sense of self-worth based on her capabilities and character. This approach aims to shift the focus from superficial attributes to more meaningful qualities, encouraging little girls to value their intellectual and personal growth.
With respect to the major participants in the advertising and promotions process, which of the following participants include sales promotion agencies, digital/interactive agencies, and public relations firms?
Answer:
Specialized marketing communications service agencies
Explanation:
Based on the information provided within the question it can be said that the major participant that includes these are Specialized marketing communications service agencies. These agencies provide specific marketing communications services to other organizations, and include sales promotion agencies, digital/interactive agencies, and even public relations firms to deal with all aspects of marketing.
Ikea offers young customers a selection of home furnishings featuring good design, function, and acceptable quality at low prices. Ikea is using which business level strategy?
a. Cost leadership
b. Focused cost leadership
c. Differentiation
d. Focused differentiation
Answer:
focused cost leadership
Explanation:
A focused plan for cost management needs price-based rivalry to same a limited sector. A business that implements this approach will not automatically offer the industry's cheapest prices. Rather it pays low prices in competition with other firms that operate within the intended audience.
An crucial point in these techniques is that the essence of the small target audience differs throughout firms using a focused approach of cost management.
In some instances, demographics define the target group. Thus, from the above we can conclude that the correct option is B.
Corporate decision makers and analysts often use a particular technique, called a DuPont analysis, to better understand the factors that drive a company's financial performance, as reflected by its return on equity (ROE). By using the DuPont equation, which disaggregates the ROE into three components, analysts can see why a company's ROE may have changed for the better or worse, and identify particular company strengths and weaknesses The DuPont Equation A DuPont analysis is conducted using the DuPont equation, which helps to identify and analyze three important factors that drive a company's ROE. According to the equation, which of the following factors directly affect a company's ROE? Check all that apply Price per Share Earnings per Share Sales / Total Assets Net Income/ Sales Most investors and analysts in the financial community pay particular attention to a company's ROE. The ROE can be calculated simply by dividing a firm's net income by the firm's shareholder's equity, and it can be subdivided into the key factors that drive the ROE. Investors and analysts focus on these drivers to develop a clearer picture of what is happening within a company. An analyst gathered the following data and calculated the various terms of the DuPont equation for three companies: ROE 12.0% 15.5% 21.5% Profit Margin x Total Assets Turnover x Equity Multiplier Company A Company B Company C 57.3% 58.2% 58.0% 9.8 10.2 10.3 2.14 2.61 3.60 Referring to these data, which of the following conclusions will be true about the companies' ROEs? O The main driver of company A's inferior ROE, as compared to that of company B's and company C's ROE, is its use of higher debt financing O The main driver of company A's inferior ROE, as compared to that of company C's ROE, is its higher total asset turnover ratio The main driver of company C's superior ROE, as compared to that of company A's and company B's ROE, is its greater use of debt financing
Answer:
The main driver of company C's ROE, as compared to that of company A's and company B's ROE, is its greater use of debt financing as reflected by highest equity multiplier among the three companies. So, the first option is the answer.
Explanation:
The three primary components of the ROE in DuPont analysis are net profit margin, asset turnover, and equity multiplier. The main factor affecting Company A's inferior ROE is its lower equity multiplier, while Company C's superior ROE is primarily due to its higher equity multiplier, indicating more extensive use of debt financing.
Explanation:The DuPont analysis reveals that three factors affect a company's return on equity (ROE): net profit margin (Net Income/Sales), asset turnover (Sales/Total Assets), and equity multiplier (Total Assets/Shareholder's Equity). These factors, in turn, reflect a company's operational efficiency, asset use efficiency, and financial leverage, respectively.
Reviewing the data, we can see that the main driver of Company A's inferior ROE is not its use of higher debt financing but rather its lower equity multiplier compared to Companies B and C. The equity multiplier indicates the degree to which a company is using debt to finance its assets. The lower the equity multiplier, the less reliant a company is on debt financing.
On the other hand, the main driver of Company C's superior ROE, as compared to Company A and Company B, is its higher equity multiplier, indicating greater use of debt financing.
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A client reporting recent right eye discomfort is diagnosed with chalazion of the right eye. The nurse reinforces instructions to the client regarding care to the eye. Which statement by the client indicates an understanding of the measures?
Answer:
"I should apply warm packs to my eye"
Explanation:
First and foremost what kind of infection is a Chalazion
A chalazion represents a cyst or lump usually found to be growing slowly within one's eyelid. The characteristic of this cyst is that it does not last for long, usually goes away after a few weeks and it is not usually accompanied by pain. Although there are occasions where it would warrant more urgent measures and treatments
One very effective way of treating or caring for the eye during the infection is to apply warm compresses to it. To do this the person should put a cloth into a bowl of warm water, wring out the water from the cloth and then apply it over the eye for a 10 to 15 minutes period.
Therefore, an understanding of the need to apply warm packs to the eye indicates an understanding of the necessary measures to be taken by the client.
At lunchtime, Pete's Chilly Dogs sells hot dogs, chips, and soft drinks from five portable hot dog carts stationed on busy street corners. The depreciation cost on the carts is $1,000 per year for each cart. The company buys supplies (hot dogs, chips, cups, napkins) as needed. The 5 cart operators are each paid $8,000 per year plus 5% of sales revenue. Relative to the number of hot dog carts, the depreciation cost is _______.a. mixed.b. strategic.c. fixed.d. variable.
Answer: d. Variable
Explanation:
The greater hot dog carts in use the greater the total depreciation charge. Since the total amount of depreciation cost increases or decreases in proportion to the number of carts in service, it is a variable cost.
Suppose a restaurant in a small community offers breakfast options 24-hours a day, however, none of the competition even offers breakfast options. This would be an example of a(n) _____ benefit.A.interpretiveB.lifetime valueC.differentialD.competitionE.superiorC.differential D. superior E. interpretive
Answer:
The correct answer is C
Explanation:
Differential is the term which is described as that the company or the business is offering a product or a service which is different in the market, different from its competitors, attract the customers.
So, in this case, the restaurant offers the service to the customers, which is offering the option of breakfast (24 hour a day) and none of the competitors offers this service. Therefore, it is an example of the differential, where the service or the product is very different or unique in comparison to others.
A firm has net income of $38,000, preferred stock dividends of $10,000, and common stock dividends of $8,000. The firm has 10,000 shares of common stock outstanding that sells for $46 a share. What is the price-earnings (PE) ratio?
Answer:
16.43 times
Explanation:
The computation of the price-earnings ratio is shown below:
Price-earnings ratio = (Market price per share) ÷ (Earning per share)
where,
Earning per share is
= (Net income - preferred stock dividends) ÷ (common stock outstanding)
= ($38,000 - $10,000) ÷ (10,000 shares)
= ($28,000) ÷ (10,000 shares)
= $2.8 per share
So, the price earning ratio would be
= ($46) ÷ ($2.8)
= 16.43 times
Final answer:
To calculate the P/E ratio, subtract preferred dividends from net income to find EPS, then divide the stock's price per share by EPS. For this firm, the P/E ratio is 16.43.
Explanation:
To calculate the price-earnings (P/E) ratio for a firm, we must first find the earnings per share (EPS). The net income of the firm is given as $38,000. To find the EPS, we subtract the preferred stock dividends of $10,000 and don't consider the common stock dividends, as they are not included in this calculation. After subtracting, we are left with $28,000 for the common shareholders. We then divide this amount by the number of common shares outstanding, which is 10,000, giving us an EPS of $2.80.
Next, we use the closing price of the company's common stock, which is $46 per share, to determine the P/E ratio. The formula for the P/E ratio is the price per share divided by the EPS. In this case, we divide $46 by $2.80 to get a P/E ratio of 16.43. Therefore, the P/E ratio for the firm is 16.43.
Which of the following is an indicator of how much output the average person would get if all output were divided up evenly among the population?
A. GDP
B. Nominal GDP
C. Per capita GDP
D. Real GDP
Answer:
C. per capita GDP
Explanation:
Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.
Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population. it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.
It is calculated by dividing the total GDP of a country by its population
therefore going by the question and the explanation given the best possible answer is C. Per capita GDP
Within the supply chain and operations management system, the value proposition is most effectively communicated to the rest of the organization through which of the following mechanisms?
Answer:
Corporate Slogans And Promotional Materials.
Explanation:
Question: Within The Supply Chain And Operations Management System, The Value Proposition Is Most Effectively Communicated To The Rest Of The Organization Through Which Of The Following Mechanisms?
Performance Measures
Mission Statements
Management Mandates
Corporate Slogans And Promotional Materials.
Answer
Corporate Slogans And Promotional Materials are the most effective way of communicating value propositions to the rest of the organization because it communicates the business’s value proposition which is undoubtedly the most important component of the overall marketing message in a way that it tells prospects why they should proud of belonging to the organisation rather than being elsewhere, and makes the benefits of the company's products or services crystal clear to every team member from the outset.
REI has a 100% satisfaction guarantee on its items. It allows customers to return products up to one year after purchase. This is an attempt by REI to reduce what type of cost?
Answer: risk
Explanation: 100% satisfaction guarantee is a statement that if a customer of a product (or service) is not satisfied with the item purchased, then the producer will offer a full refund back to the customer. In this case REI allows this option for a period of up to 1 year after the sale was made.
REI utilises this option in an effort to reduce costs attributed to risk. For customers, this is a powerful tool as they are allowed to try the product, while knowing that if they don't like it then they can return it for a full refund. For REI, it increases customer trust as it allows customers to believe that the product is worth the sales price. It also reduces risk as REI is able to test the product out to actual customers and get a feel for if they like it, and what can be improved if needed.
The attempt by REI to reduce a specific type of cost.
Explanation:The attempt by REI to reduce the type of cost mentioned in the question is called avoidable costs. This can be seen as a cost reduction strategy where REI offers a 100% satisfaction guarantee and allows customers to return products up to one year after purchase. By implementing this policy, REI aims to minimize the potential cost associated with dissatisfied customers or returns.
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If a business person wants to get information about a special product to a wide variety people across a large geographic range, even globally, which of the following will be the fastest and widest ranging medium?
A. satellite
B. radio
C. Internet
D. television
The internet is the fastest and widest ranging medium to get information about a product to a wide variety of people across a large geographic range, even globally, because of its ubiquity, broad reach, and varied communication options.
Explanation:If a business person wants to get information about a special product to a wide variety of people across a large geographic range, even globally, the fastest and widest ranging medium would be the Internet. The reason is the Internet is ubiquitous and has a very wide reach. It can reach people anywhere, anytime. With options like email, social media, websites, webinars, digital marketing channels, etc., the internet offers a wide array of ways to reach a global audience. It is not only fast, but also allows for more interactive exchange of information.
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what is the term for an organization that combines inputs of raw materials, capital, labor, and management skills to produce useful outputs of goods and services so as to earn a profit?
Answer:
The correct answer to the following question will be "Business".
Explanation:
Business is the practice of earning a living or making a lot of money by manufacturing or purchasing items such as products and services. Put it simply, it is "any business or business done for profit".It would be the concept for an enterprise that blends imports of raw resources, resources, workforce, and managerial skills to produce reliable outcomes of products and services to turn a profit.Therefore, Business is the right answer.
The substitution effect is the portion of a change in quantity demanded that is due to a change in the relative price of the good.True / False.
Answer:
True.
Explanation:
As per the substitution effect, when price of a good rises, keeping other factors and consumer's income constant, the consumer's quantity demanded of that good falls with the fall being attributable to a demand created for it's substitute.
For example coke and pepsi are both priced at 2$ apiece. The demand for coke being 5 units by a consumer. Suppose, the price of coke rises to 3$ assuming other factors affecting demand remaining constant, the consumer now demands lesser units of coke i.e 3 units of coke and 2 units of pepsi. This reduction of 2 units of quantity demanded of coke is attributable to substitution effect.
Using a ucf graduate's current year tax data below, what is the adjusted gross income: wages = $55,000 ordinary dividends = $1,000 interest on municipal bonds = $2,000 traditional ira contribution = $3,000 short term capital gain = $ 9,000 alimony paid = $20,000 $42,000 $80,000 $46,000 $88,000 $40,000
Answer:
$42,000
Explanation:
Wages $55,000
Ordinary dividends $1,000
Traditional iRA contribution $3,000
Short term capital gain ($9,000)
Alimony paid ($20,000)
Total $42,000
John complained to his buddy, Frank, that prices have increased a lot over the past year. Frank disagreed, saying that the prices of some goods have gone up a bit, but other prices have declined, noting that you can get some good buys on houses right now. Frank feels that the average price of consumer goods hasn't changed. Frank and John can refer to the __________ to learn how government economists currently view the price situation.
A. GDP
B. CPI
C. PPI
D. MEW
Answer:
B. CPI
Explanation:
If John and Frank are confused whether that prices have increased a lot over the past year and there is lack of clarity that the average price of consumer goods hasn't changed, then Frank and John can refer to the Consumer Price Index to learn how government economists currently view the price situation.
The Consumer Price Index (CPI) is a measure that calculates the changes in the weighted average of prices of consumer goods and services, including transportation, food, and medical care.
The Bureau of Economic Analysis and Statistics of a country calculates the CPI by dividing price changes for each item by its original price.
Dr. Sullivan is conducting a clinical trial to determine if vitamin Z can improve test performance of students in an introductory college nutrition course. Dr. Sullivan puts all the students' names in a hat and draws names to determine if they will be placed in the control or the experimental group. The experimental group receives a capsule of vitamin Z and the control group a "sugar pill" that tastes and looks identical to the vitamin Z capsule. Neither Dr. Sullivan nor the participants knows who is receiving which treatment. This experiment is BEST described as_________________.
Answer:
Double-blind, random, placebo controlled selection.
Explanation:
Relating to, or is an experimental treatment in which, during most of the honors course of the experiments neither the participants nor the experimenters recognize whose variables are in the research and control classes.Random selection relates to how the group is taken from the overall population, while the representative sample applies to how the samples are then allocated either to the trial or control groups.Placebo-controlled studies are a way to check a medical therapy during which a rotary knob sample, in addition to a community of patients undergoing the care to be tested, experiences a simulated "placebo" medication that is designed specifically to have no actual effect.When a corporation sells all or substantially all of its assets to another corporation, generally,
a. a majority of both shareholders and directors must approve.
b. one-third of the shareholders must approve.
c. fifty-one percent of the directors must approve.
d. two-thirds of the directors must approve.
Answer:
a. a majority of both shareholders and directors must approve.
Explanation:
Whenever a corporation decides to dispose off all of it's assets or substantially all of it's assets to another corporation, following points are noteworthy
The Board of directors first have to propose a resolution regarding disposition which has to be approved Secondly post approval of the said resolution, the act of "disposition" also requires approval by the corporation's shareholders.Such approval must be obtained by majority of the votes cast in it's favor.In short, disposition of all or substantially all the assets requires an approval of a majority of both shareholders and directors.
Ajax Inc. is one of the customers of a well-known linenmanufacturing company. Ajax has not ordered linen in some time, but when it did order in the past it ordered frequently, and its orders were of the highest monetary value. Under the given circumstances, Ajax is most likely to have a[n] RFM score of 511.
Answer:
False, its score should be 155.
Explanation:
RFM analysis scores customers on a ranking that goes from 1 - 5, with 5 being the best parameter (555 is the ideal customer). The factors used in a RFM analysis are recency, frequency, and monetary value.
Companies perform RFM analysis based on the idea that 80% of the company's total business comes from only 20% of its customers.
In this case, Ajax would get:
1 for recency since it hasn't purchased anything in a long time, 5 for frequency because when it used to purchase goods, they did it quite frequently5 for monetary value because they were the largest salesYou sell a home for a client where the down payment was $30,000 with a loan of $125,000 at 3.7% interest with a term of 30 years fixed. The mortgagor's monthly payment is $1,219. What is the loan to value ratio?
Answer:
76%
Explanation:
The computation of loan to value ratio is shown below:
Loan to value ratio equals to
= (Loan amount - down payment) ÷ (Down payment)
= ($125,000 - $30,000) ÷ ($125,000)
= ($95,000) ÷ ($125,000)
= 76%
Simply we applied the above formula and the other details are not relevant i.e monthly payment, interest rate and tenure. Hence, ignored it
A company has been in business for five years. As of December 31, 2008, the company had assets of $475,000 and liabilities of $200,000. After a successful year of business in 2009, the company's assets had increased by $95,000, and liabilities had increased by $40,000. While no new investments were made into the company during 2009, a dividend of $12,000 was paid to owners. Based on this information, determine the company's net income for the year 2009.
Answer:
$67,000
Explanation:
Data provided in the question:
Value of assets on December 31, 2008 = $475,000
Liabilities on December 31, 2008 = $200,000
Increase in assets in 2009 = $95,000
Increase in liabilities in 2009 = $40,000
Dividend paid = $12,000
Now,
The company's net income for the year 2009
= Increase in assets in 2009 + Dividend paid - Increase in liabilities
= $95,000 + $12,000 - $40,000
= $67,000
The company's net income for 2009 was calculated by using the formula Net Income = Final Assets - Final Liabilities - Final Owners' Equity. After calculating owners' equity and adjusting for dividends, the net income for 2009 was found to be $-22,000.
Explanation:The subject of the question is finance, which is a component of business studies. To answer this question, we need to use the formula for calculating net income: Net Income = Assets - Liabilities - Owners Equity.
Firstly, we calculate the owners' equity as of December 31, 2008, which is the difference between assets and liabilities (475,000 - 200,000 = $275,000).
In 2009, the assets increased by $95,000 and liabilities increased by $40,000. There were no new investments, but a dividend of $12,000 was paid. So, the new owners' equity is (475,000 + 95,000) - (200,000 + 40,000) = $330,000.
Since dividends reduce owners' equity, we adjust the equity by adding back the dividends: 330,000 + 12,000 = $342,000.
Now, using the Net Income formula: Net Income = Final Assets - Final Liabilities - Final Owners' Equity, we find that the net income for 2009 is (475,000 + 95,000) - (200,000 + 40,000) - 342,000 = $-22,000.
Therefore, the company's net income for the year 2009 was $-22,000.
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Which is the stage in the product development process where most new product ideas are rejected because they seem inappropriate for an organization?
Answer:
Explained below:
Explanation:
It is true that it is too difficult for any organization to carry on with the existing product so before spending too much expenditure on development of new products a product passes through the various stages, at the first stage of product development process the organization calculate the ideas regarding new product development, and if the newest product idea is not appropriate for the organization due to unavailability of cost-effective production of particular product, or very lesser demand of that particular product among the customer, etc then finally at the second stage this idea regarding new product will be rejected.