Answer: D) $4,900
Explanation:
The answer to the question is that Maple Grove will record a debit to Cash in the amount of $4,900 if Weymouth pays the invoice within the discount period. This is based on the credit terms of 2/10, n/30.
Option D is correct
Explanation:The question revolves around understanding credit terms and discounts in business transactions. In this case, Weymouth Construction is given a credit term of 2/10, n/30 by Maple Grove Legal Association. This means that Weymouth has a 2% discount if it pays within 10 days ('2/10'), and the net amount is due within 30 days ('n/30').
If Weymouth pays within the discount period, it will pay 2% less than $5,000. We calculate this by multiplying 5000 by 2% which gives us $100. Therefore, Weymouth will pay Maple Grove $5,000 - $100 = $4,900.
Hence, if Weymouth pays the invoice within the discount period, Maple Grove will record a debit to Cash in the amount of $4,900 (Option D).
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1. A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a: a. Property market. b. User market. c. Housing market. d. Capital market.
A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a "User market".
Option: B
Explanation:
A market analyst is more generalized than research involving consumers. Market analysts are studying customer behavior, and recognizing their needs. They disclose demographic, fiscal, and statistical data about a particular sector. The data was used by both industry analysts and consumer analysts to make informed decisions.
Here the tenant is bargaining or trying to get compensated the amount of rent to be paid monthly, by discussing the topic with property owner is understood as user market, because according to user need or demand the landlord may get agree to understand the user concern.
Ellie's Deli offers good sandwiches and fast service to its lunchtime customers from a nearby university. It also delivers the same sandwiches packaged with side dishes as part of its catering services. This is an example of ______ segmentation.
Answer:
occasion
Explanation:
Occasion segmentation refers to dividing your potential market into target groups based on different occasions that they might purchase your products. This segmentation technique is used when target groups are defined based on specific times that they can access or purchase your products.
In this case, the same products are offered to different target groups depending on when they will be available. Ellie sells fast food to university students during lunchtime (form Monday to Friday) and offers those same products but with a different packaging to its catering clients for special events.
Answer: It is occasion.
Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.
Answer:
C. $350
Explanation:
When a consumer is willing to pay more compared to the product's original price, it is called consumer surplus. In this case, Mr. Noriega paid $700 for each shirt. Because of changing tastes, he would be able to give more prices for each of the shirts. Therefore, it created a consumer surplus. Total consumer surplus for buying three shirts -
1. $950 - $700 = $250 From 1st shirt.
2. $800 - $700 = $100 From 2nd shirt.
3. $700 - $700 = $0 From 3rd shirt.
Therefore, total consumer surplus = $250 + $100 = $350
Hence, option C is the answer.
Sun Technologies, a cell phone manufacturing company, decided to change the operating system of its phones to eliminate the problems faced by the users while using the current operating system. Before implementing the change, the marketing team of the company started creating advertisements that informed the users about the benefits of the new system in an attempt to make them believe that the change is for the better. In the given scenario, Sun Technologies is in the _____ phase of organizational change.
Answer:
Unfreezing
Explanation:
There are three phases of organizational change. Sun Technologies can be said to be at its unfreezing stage.
The organization must properly communicate with its employees and consumers at each level of changes they are.
At the unfreezing stage, the goal is to change the mindset and belief of the consumers about a particular process being deployed. Since the adoption of the new technology is being advertised as one that will make things better, we can see elements of unfreezing here. Other stages are the actual change phase and freezing stageSun Technologies is in the communication and preparation phase of organizational change, preparing for the executing change phase in Lewin's three-step change model.
In the scenario presented, Sun Technologies is in the communication and preparation phase of organizational change, specifically before the second stage of Lewin's three-step change model which is executing change.
The marketing team's efforts to advertise the benefits of the new operating system serve the purpose of preparing users for the transition, aiming to ensure a smoother acceptance of the change.
This step is crucial as it establishes a foundation for the implementation phase and can lead to a series of small wins that build the momentum needed for the change to gain traction and be successful within the organization.
Jenny purchases goods for $650 on account. She is later issued a credit memorandum to receive credit for the return of $150 of goods. The balance due is _____.
Answer:
$500
Explanation:
If there is an unanticipated increase in aggregate demand, then it means that
If there is an unanticipated increase in aggregate demand, then according to new classical economics, the economy will self-correct with an Decrease in short-run aggregate supply, so output returns to its initial level, but the price level rise
Explanation:
lets consider that an economy was initially in long-run equilibrium, now if their is an unanticipated increase in aggregate demand it will result in an temporary high level of output and employment which cannot be maintained. But when an economy is in a recession stage ,less demand for investment funds will cause the real interest rate to decline.
So we can say that ,If there is an unanticipated increase in aggregate demand, then according to new classical economics, the economy will self-correct with an Decrease in short-run aggregate supply, so output returns to its initial level, but the price level rise
In which step of the target marketing process do marketers develop a marketing mix that will lead to competitive advantage for​ consumers?
Answer:
Positioning
Explanation:
A target market is a subset of the total market that a business identify as being potential customers and targets with an aim to provide goods and services. They usually exhibit similar characteristics such as age, sex, location and so on.
Positioning is the final stage when the STP approach is being used. The three stages of targeting are segmentation, targeting and positioning. Insights gained from segmentation and targeting is used to formulate a plan on how best to deliver the product to the consumer in such a way that they find it appealing. Marketing mix unique to customer need is developed to give competitive advantage to the business.
Ford and Xeroc are two companies that have begun moving away from strict job specialization to alleviate employee motivation problems. Each company has adopted a job design alternative that involves workers in a wider variety of tasks. The method they have wmployed is known as job:________.
(A) enlargement
(B) substitution
(C) generalization
(D) enrichment
(E) rotation
Answer: E) Rotation
Explanation:.
Job Rotation technique is a technique where workers are shifted between two or more positions or functions at regular intervals. It is a technique used to test the employee skills and competencies in order to place employees at the right position and it also help to reduce the monotony of the job and gives employees a wider experience and motivate employee when they perform different job functions at intervals.
Job rotation technique helps to reduce the boredom of doing same type of job everyday.
When Val sees the RFP issued by one of his customers, he is concerned that they have changed their specifications since they placed a previous order with him. His company's products do not meet the new specifications. In this situation, being the current vendor
A. will necessitate renegotiating price and delivery terms.
B. .allows for a straight rebuy.
C. offsets a consensus buying center culture.
D. will probably not be an advantage in getting the new order.
E. will allow Val to get the order even though his products do not meet the specifications
Answer:
D) will probably not be an advantage in getting the new order.
Explanation:
A request for proposal (RFP) is issued when a company is requesting information from possible vendors that might be able to provide them with the products that they need.
If Val has recently provided a similar product to the one included in the RFP, that means that either Vl's product did not meet their expectations or they need a similar product but with different characteristics. Whichever the case, Val is at a bad position for the new purchase process.
Once a water company lays the main water pipes through a neighborhood, the marginal cost of providing water service to another home is fairly low. Where will the demand curve for water intersect the long-run average cost (LRAC) curve for this company?
Answer:
The demand curve will intersect the long-run average cost (LRAC) at its downward sloping point.
Explanation:
Usually utility companies are monopolies because the cost of setting up the service is very high, but once the initial investment is finished, the average cost of providing the service is extremely low. This applies to all utilities: electricity, water, natural gas, etc. The marginal cost of adding new customers is also extremely low.
Most utilities are public companies because consumers demand the service but are not willing to pay a high price for it.
To avoid double-counting when calculating GDP, it is best to: Group of answer choices count used goods. count the value added at each stage of production. count all goods and services purchased by consumers, firms, and the government. count stocks and bonds. count the value of goods and services produced at every stage of production.
Answer:
count all goods and services purchased by consumers, firms, and the government.
Explanation:
GDP is a measure of the total products and services produced in an economy per period. Economists calculate GDP to understand the directions of the economy. An increase in GDP indicates growth. In calculating the GDP value, economists consider finished consumer products only.
Double-counting means calculating the value of output multiple times. To avoid double-counting, economists do not consider work-in-progress and goods used to produce more products and services. Work is progress is goods still in the production process. If counted, there is a possibility of them being counted again as finished products. Capital goods or goods used to produce other goods are counted once as the finished product.
MVJ Corp., a market research firm, borrows $2 million from trimitium bank. while negotiating with the bank, the firm signs a promissory note, which specifies that the firm must pay the borrowed amount in 90 days with interest. however, the bank also requires the firm's inventories and receivables to be pledged as collateral to back the loan. which of the following financing options is being offered by trimitium bank in the given scenario?1. spontaneous financing2. short-term bank loans3. bank debit4. factoring
Answer:
Option "2" is the correct answer to the following statement.
Explanation:
A short-term loan is a form of loan received to endorse short term business and personal wealth for a very short period. It is a tempting and temporary option, for most of the short term businesses which are not easily eligible for a loan from a financial institution.
This type of loan mostly paid back in a very short period usually in 12 months.
In this case, MVJ gets a loan for 90 days or 3 months so it is considered a short term loan.
Final answer:
MVJ Corp. is obtaining a short-term bank loan from Trimitium Bank, which requires repayment in 90 days and is backed by the firm's assets as collateral.
Explanation:
In the given scenario, MVJ Corp., a market research firm, is using short-term bank loans as a financing option by borrowing $2 million from Trimitium Bank with the agreement to repay the borrowed amount, along with interest, in 90 days. This type of loan is evidenced by a promissory note and often involves collateral, which, in this case, consists of the firm's inventories and receivables. This arrangement exemplifies a typical form of commercial bank lending, where banks provide short-term loans backed by the borrower's assets.
scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increases prices by 48 %, total revenue decreases by 63 %. When Cinema Supreme decreases ticket prices by 12 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 43 %, total revenue increases by 31 %.
Answer:
Elastic demand
Unit elastic demand
Inelastic demand
Explanation:
Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price.
Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.
If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.
The elasticity of demand is usually greater than 1 when demand is elastic.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.
If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Coefficient of elasticity is usually less than one.
If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.
I hope my answer helps you
An organization's _____ can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.
Answer:
Management
Explanation:
An organization's management can pay attention to, measure, and control a number of activities, processes,or outcomes in order to foster a certain culture.
Management is the one that sets tone at the top.
Coronado Industries began the year 2022 with retained earnings of $661000. During the year, the company sold additional shares of stock for $1011000, recorded revenues of $621000, expenses of $377000, and paid dividends of $137000. What was Coronado's retained earnings balance at the end of 2022
Answer:
The Coronado`s Retaining Earnings Balance is at end of 2022 is $ 808 000
Explanation:
Retained Earnings at the end of the year is calculated by adding together The Retained Earning at the Beginning of the Period, the Distributive Profit for the year ( Profit for the year after Interest and tax), then subtracting the dividends paid during the year.
From the question Retained Earnings at the Beginning of the year was provided at $661000.
The Distributive Profit needed a calculation. Revenue minus Expenses gives us profit.Expenses here include ALL trading, operating interest and tax expenses. This give is a Distributive Profit of $ 284000 ( $621000-337000). The $1011000 is disregard in calculation of profit and only Revenues that match with expenses are regarded (Accrual Principle).
The dividend paid was provided for at $ 137000.
This the Retained Earnings figure at end of 2020 is $808000( 661000+284000-137000)
On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year 4 were 10% of expected total sales of the software. At December 31, year 4, the software had a net realizable value of $480,000. In its December 31, year 4 balance sheet, what amount should Byte report as net capitalized cost of computer software?
a. $432,000
b. $450,000
c. $480,000
d. $540,000
Answer:
net capitalized cost is = $450000
so correct option is b. $450,000
Explanation:
given data
capitalized software costs = $600,000
expected total sales = 10%
sale = 4 year
net realizable value = $480,000
solution
we find out net capitalized cost of computer software that is
net capitalized cost of computer software is = Year 1 balance - Year 2 amortization ........................1
here we get first Year 2 amortization that is
Year 2 amortization is = capitalized software costs ÷ total projected sale ..............2
put here value
Year 2 amortization = [tex]\frac{600000}{4}[/tex]
Year 2 amortization is = $150,000
so here we get net capitalized cost
net capitalized cost is = $600,000 - $150,000
net capitalized cost is = $450000
so correct option is b. $450,000
When the price of gasoline​ rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called ________.
CPI does not fully account for such changes in consumer behavior is called
substitution bias
Explanation:
When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution biasSubstitution bias describes a possible bias in economic index numbers If the consumer behavior do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.Substitution bias is a genuine problem with a price index. Consumers can substitute goods in response to price changes.When Home Movies Inc. opened stores in other countries, it increased the company's international market share. Home Movies took advantage of a _____ opportunity. Group of answer choices diversification market expansion market divestment retail format development market penetration
Answer:
In this instance,Home Movies Inc. took advantage of market expansion opportunity to enhance market share.Hence,the correct answer is market expansion.Explanation:
In Microeconomics,the practice of market expansion refers to the enhancement of business activities or selling of goods and services into newer sections of the market which encompasses factors such as demographic,economic,geographical,social etc.In this context,the geographical expansion of market can possibly include international markets as well as long it can comprehensively cover the desired consumer group which can lead to higher revenue generation and potential market share.It is an extremely formidable economic strategy for any business organisation or company to expand the consumer accessibility by tapping into new geographical areas in the global or international market.An effective market expansion,however, requires a thorough and considerable market research with a specific emphasis on the the potential new markets that the existing business can easily reach and the new consumer base in those markets who will most probably like the products and/or services sold by the business based on various preferential attributes.This can evidently generate immense opportunities for sales and overall economic growth.
Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay extraction until a future time. Projections indicate that the price of natural gas is expected to rise in the future. What would you do in the present?
Answer: Extract as much gas as possible now.
Explanation:
As the owner of a natural gas exploring company with the ability to drill and export gas, if I receive information of a coming price increase in the market for gas, I would rapidly increase gas exploration to increase amount of gas that I can legally send to the market.
Answer:
Delay extraction to a future time
Explanation:
The only principal reason why we venture into business is to make profits. While we are doing this, we are equally looking at options and scenarios that could grant us access to the maximum possible profit.
In clearer terms, we seem to take out the maximum profit we can from the business. Now, as we can see, there are two cases presented and we need to judge to know what to do.
Speculations have arrived that there might be an increase in the price of natural gas in the future. Hence, what is meant to happen is that we bottle up our production to a later time at which we are presented with the option to maximize our profits.
The American Marketing Association defines a ________ as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."
Answer:
brand
Explanation:
The American Marketing Association defines a brand as "a name, term, sign, symbol, or design, or a combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors."
According to Kotler a brand is a name a sign or combination of these to distinguish one product from the others. People often associate and develop relationships with the brand so that they can trust rely and depend on for future purchase.
According to Kotler's definition a brand must be distinguished from the other products and then it must have a desirable place in the minds of the consumers. That is the brand is as good as the customers think.
Suppose an economist found that total revenues increase for the bus system when fares were raised, the conclusion is that the price elasticity demand for subway services over the range of fare increase is inelastic.True/False
Answer:
True
Explanation:
Price in-elasticity happens when individuals can not possibly shift or change their behaviors or process of Consummation.
In the case of the bus system, people do not have a Better choice from the bus system although the bus system increase bus fares.
If people do not have a better choice or option for there consumption, we say that price elasticity demand for a particular commodity is inelastic .
Answer:
True
Explanation:
Price Elasticity of Demand is responsive change in demand, due to change in price. P(Ed) = % change in demand / % change in price.
Demand can be classified on the basis of : Elasticity & its relationship with Total Revenue [ TR = P X Q] ; as undermentioned :-
Elastic Demand : P(Ed) > 1, %change in demand > %change in price, Price & Total Revenue are inversely related [ P ↑ TR ↓ , P ↓TR ↑ ] Inelastic Demand : P(Ed) < 1, % change in demand < %change in price , Price & Total Revenue are positively related [ P ↑ TR ↑ , P ↓ TR ↓]As Given : Increase in bus fares (price) lead to increase in total revenue. This implies Price & Total Revenue are directly related. So, Demand for subway bus services is Inelastic.
Cruz Gray Inc. positions its beauty and skin care products as the only products in the market that are 100 percent natural and are not tested on animals. This gives the company a significant advantage over its competitors. In the given scenario, which of the following strategies does Cruz Gray Inc. use?
A. Product differentiation
B. Maket differentiation
C. Market segment
Answer:
A. Product Differentiation
Explanation:
Cruz Gray Inc. positions its beauty and skin care products as the only products in the market that are 100 percent natural and are not tested on animals. This gives the company a significant advantage over its competitors. In the given scenario, Cruz Gray Inc. has successfully used product differentiation strategy. With the help of product differentiation Cruz Gray Inc. has gained a very unique sustainable competitive position in the beauty and skin care market. They have positioned their products in the mind of their consumers as 100% natural and organic products which are not tested on the animals. This has made started seeing their customers this company as Eco-friendly brand which take care both its customers and environment as well.
What are the most common legal entities used for operating a business? How are these entities treated similarly and differently for state law purposes?
Answer:
The correct answer is:
Corporations, limited liability companies (LLCs), general and limited partnerships, and sole proprietorships.
These entities differ in terms of the formalities that must be observed to create them, the legal rights and responsibilities conferred on them and their owners, and the tax rules that determine how they and their owners will be taxed.
Explanation:
There are several important reasons, when opening a business in the US, to run the business under a limited liability company, corporation or other form of legal entity that has a separate legal existence to the business owner. The main reason for operating the business under a limited liability company or corporation is that it protects the personal assets of the business owner from the liabilities arising from the operation of the business.
One of the first decisions you will have to make as a business owner is the way the company should be structured. There is no single legal structure that is considered the best for all small businesses. The decision to start as a sole proprietor or the choice of one of the most complex organizational structures, such as a partnership, corporation or Limited Liability Company (LLC) depends on several
factors, including those listed below.
When choosing a type of entity, you should consider the following:
Your vision about the size and nature of your company Number of co-owners of the company Relationship between owners and management Degree in which you will look for external investors Level of "structure" and formality for which you are prepared as a manager Expenses, in time and money, for the creation and maintenance of the entity commercial Vulnerability of the company to face demands and other obligations Tax implications of the different ownership structures Expected profits (or losses) of the company Whether or not you will have to reinvest profits in the business The need to access cash from the company for its use personalWhich of the following refers to products that organizational customers purchase to use in their finished products? A. Accessories B. Component parts C. Equipment D. Specialized services E. Raw materials
Answer:
The correct answer is E. Raw materials.
Explanation:
A raw material is all good that is transformed during a production process until it becomes a consumer good.
There are some material goods that cannot be used directly by consumers since they need to be transformed (oil for example). Raw materials are the first link in a manufacturing chain, and at different stages of the process they will be transformed into a product suitable for consumption. In the world of investment it is also known as commodity.
The main characteristic of the raw materials is precisely the lack of treatment to which they have been subjected by human activity, that is, their proximity to the natural state in which they were before being exploited.
The marketing director for GForce Games, a video game company, has informed his employees that he feels the company needs to improve its relationship with the distributors of the company's products because the distributors are part of the ______ environment for GForce Games
Answer:
Task environment
Explanation:
Task environment helps in achieving the goal of the organization with the help of distributors, customers, employees, competitors, etc.
Therefore as per the given question a video company which is GForce Games informed to their employees that he needs to improve the relationship with the distributors with the help of task environment like Mc Donald has a competitor (subway, burger king, etc.), Customers (Individual and Institutional), Suppliers (coca-cola, Packaging manufactures, etc.)
During its first year of operations, the owner of Lupo Company invested $15,000 in the business and withdrew $2,000. The company earned $35,000 of revenues and incurred $23,000 of expenses. At the end of the year, the company's equity totaled:
Answer:
$25,000
Explanation:
Lupo Company's equity = owner's equity + retained earnings
owner's equity = $15,000 (initial investment) - $2,000 (withdrawal) = $13,000retained earnings = net income = total revenue - total costs = $35,000 - $23,000 = $12,000Lupo Company's equity = $13,000 + $12,000 = $25,000
Darwin Inc. sells a particular textbook for $29. Variable expenses are $21 per book. At the current volume of 44,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:______________
a) $352,000
b) $1,276,000
c) $1,628,000
d) $924,000
Answer:
The answer is A
Explanation:
To start with;
Contribution margin per unit = selling price($29) - variable cost($21)
$29 - $21
= $8 per book...
So break even sales =fixed cost(expense) / contribution margin.
Break even sales is 44,000 units and contribution margin is $8.
Therefore, fixed cost or expenses=
Break even sales x contribution margin
44,000 x $8
=$352,000
Abed carries an average monthly balance of $800 in his checking account. If his bank charges $9.00 per month as a minimum service fee, how much in annual interest must Abed earn to cover the monthly fee?
Answer:
Abed must earn 13.5% or $108 annual interest to cover the monthly fee.
Explanation:
Abed should earn minimum $9 of interest on deposit each month to cover the bank charges expense.
Average Monthly Balance = $800
Bank Charges = $9.00 per month
Monthly interest rate = (Monthly bank charges / Monthly average balance ) x 100
Monthly interest rate = ( $9.00 / $800 ) x 100 = 0.01125 x 100 = 1.125%
Annual Interest rate = 0.01125 x 12 = 0.135 = 13.5%
Annual Interest = $800 x 13.5% = $108
Gomer loses his job as a road construction worker and cannot find another position with equivalent pay and benefits. As a result, he is still checking the want ads and reporting to the unemployment office on a weekly basis. He is considered to be:__________.A. laid off.B. underemployed.C. out of the labor force.D. unemployed.
Answer: Unemployed.
Explanation:
Gomer is unemployed because he is willing and qualified to work but cannot secure a job. An individual is said to be unemployed if they are unable to secure a job after several attempts to get a job. While a person is said to be under-employed if the person is paid less than what he/she is worth based on qualification.
Answer:
Underemployed
Explanation:
You are using ROI to evaluate a project that requires investments of $500 in each of the first 3 years, and yields annual income of $100, $50, and $25 in each of the first 3 years. What would happen to ROI if the annual incomes double?
Answer:
ROI doubles
Explanation:
The formula to compute the return on investment is shown below:
Return on investment = (Annual income) ÷ (Initial investment)
If we take the first case,
Annual income = $100
And, the investment = $500
So, the ROI = $100 ÷ $500 = 0.2
If the annual income doubles i.e $200
So, the ROI = $200 ÷ $500 = 0.4
So in the given case, the ROI also doubles