Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is:

Answer:

2. False

Explanation:

Capacity to a contract refers to whether the person to a contract is legally competent to enter into such a contract.

For instance, lunatics, drunkards, minors, criminals and person of unsound mind are deemed incapable of entering into a contract.

A person diagnosed with dementia, which impairs his decision making would normally be regarded as incapable to signing a contract.

But, capacity is ascertained as per the situation i.e at the time the contract is signed or entered into.

In the given case, Ronald entered a contract while he was sane and in healthy state of mind. His judgement at the time of entering such a contract wasn't impaired by dementia.

Thus, the contract will be legally enforceable as per the law.

Answer:

Elastic

Explanation:

Elasticity is an economic concept used to measure the change in the aggregate quantity demanded for a good or service in relation to price movements of that good or service. A product is considered to be elastic if the quantity demand of the product changes drastically when its price increases or decreases. Conversely, a product is considered to be inelastic if the quantity demand of the product changes very little when its price fluctuates.

Final answer:

If you want to pay the lowest rent possible, you should hope for elastic demand for apartments. Elastic demand means that small changes in rent lead to large changes in the quantity of apartments demanded, which can result in competitive pricing and lower rents.

Explanation:

To determine if you should hope for elastic or inelastic demand for apartments to pay the lowest rent possible, it's important to understand that in the real estate market, elasticity refers to how much the demand or supply responds to changes in price. If the demand for apartments is inelastic, this means that changes in rent will have a small effect on the quantity of apartments demanded. On the other hand, if the demand is elastic, small changes in rent could lead to a significant change in the quantity demanded.

Considering the concepts of supply and demand, you should hope for elastic demand for apartments. If demand is elastic, then as new apartments are built and add to the supply, even a small reduction in rent could result in a large increase in the quantity of apartments demanded. This scenario is beneficial for you, as it leads to a competitive market where landlords may lower rents to attract tenants, thereby ensuring you pay less for rent.

Moreover, over time, if the supply curve is more elastic, it would mean that more apartments can be built or converted from other uses in response to rent changes. This increased supply would help to keep rents lower even as demand rises. Elastic supply implies that when developers see the opportunity to make a profit due to increased rent, they will be more likely to build new apartments, which increases supply and can help to stabilize or even lower the rent.

Answer:

c.undergo the process of planning and operating a business venture

Explanation:

The definition of an entrepreneur is someone who seeks a market opportunity, and once it is found, starts a business with the goal of exploiting that market opportunity, investing capital and labor and incurring in financial risks, with the goal of obtaining a profit.

In other words, a true entrepreneur has to plan the way the business will be set up, including planning for capital, labor, and land costs. After the business is started, a true entrepreneur becomes the primary manager, which means that the operation of the business falls under his responsability.

Answer:

c. The quantity demanded for apples will decrease 

Explanation:

The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Price and quantity demanded have an inverse relationship.

This explains why the demand curve is downward sloping.

If the price of apples is increased, apples become more expensive and consumers would reduce the quantity demanded.

I hope my answer helps you

After reading through the statements made by both the technicians, it can be concluded that the Technician A is absolutely correct about the significance of fleet operations.

Fleet operations can be referred to or considered as the operations carried in a small-sized departmental store dealing in the sell and purchase of products under any categories related thereto.

Fleet is a small center established by a firm in order to provide multiple operations of different kinds under one roof. It is similar to the formation of the local governments and its agencies operating at city or county-levels, however, only for the purpose of comparison.

Therefore, the significance regarding fleet operations has been aforementioned.

Learn more about fleet operations here:

https://brainly.com/question/17330130

#SPJ2

Final answer:

Technician A is correct about fleet shops being connected to businesses or organizations with multiple vehicles or in-house maintenance. However, Technician B is incorrect; government agencies do qualify as examples of fleet operations. These agencies maintain fleets of vehicles and equipment that require systematic, expert maintenance.

Explanation:

Technician A is correct; a fleet shop is typically associated with a business or organization that operates multiple vehicles or maintains and repairs equipment in-house. Fleet operations often include the systematic and organized maintenance of a collection of vehicles or equipment, and it can relate to a variety of entities including private companies, service providers, and even government agencies. Technician B, however, is incorrect. Government entities such as city or county services certainly can be and often are examples of fleet operations. They maintain and manage various vehicles and equipment necessary for public services and personnel such as police cars, fire trucks, and public transportation. These agencies typically follow scheduled maintenance and repair protocols to ensure efficiency and safety of their operations.

Technicians in fleet shops are similar to mechanics and possess practical, hands-on knowledge that allows them to maintain and repair vehicles and equipment effectively. Their expertise is crucial for fleet operations to maintain continual service and avoid significant downtimes.

He should pay no more than $66.68 per share

Explanation:

Given ,

1. 2015: $1.00

2. 2016: $1.25

3. 2017: $1.50

Earnings per share = $4.50

P/E ratio = 20

Required rate of return = 12%

Stock price per share expressed according to P / E ratio

P/E Ratio = Market Price per share ÷  Earnings per share  

20 = Market Price per share ÷ $4.50

Market Price per share = 20 × $4.50

Market Price per share = $90

Earn 12% of return

So here you discount to present value all the planned dividend and market price. use as discount factor here a necessary rate of return

present value of all amounts = 66.7

So, maximum amount that is paid to earn 12% return is $66.7

Answer:

The correct answer is False.

Explanation:

The business strategy is the plan devised by management at the start of each new project to direct staff, carry out tasks, fulfill commitments and achieve set objectives. Simply put, business strategy sets the tone and defines the future of any organization. The success of companies depends on its design, execution and evaluation.

Answer:

The correct answer is c. ​by clear, conspicuous language called to the buyer's attention.

Explanation:

The express guarantee is defined as a promise that the seller makes to the buyer about a good in the process of being sold, that is, some change in the conditions agreed upon initially. This process must be done clearly and concisely so that it is easily understood and the conditions that benefit both are offered.

An express warranty by Grande Floors, Inc. can be disclaimed or modified under the UCC; however, it is required to be done through clear and conspicuous language that is presented to Home Decor Stores. State laws may impose further limitations on disclaimers and modifications of warranties.

Understanding Express Warranty Disclaimers Under the UCC

Under the Uniform Commercial Code (UCC), when Grande Floors, Inc., and Home Decor Stores enter into a contract for the sale of carpeting, Grande Floors can provide express warranties to reassure the buyers of the product's quality. However, the question at hand is whether an express warranty can be disclaimed or modified at the time a contract is formed. According to the UCC, express warranties can be modified or disclaimed, but this must be done through 'clear, conspicuous language' that is brought to the attention of the buyer.

Guarantees, warranties, and service contracts assure buyers that the seller stands behind their products. While most sellers seek to maintain strong warranties, the UCC allows for modifications or disclaimers, as long as they are communicated effectively to the buyer using clear language and are prominent enough to ensure the buyer is aware of them before the purchase. It is noteworthy, however, that some state laws may set specific limitations on the ability to disclaim or limit warranties.

It means that excess demand in resource markets will lead to higher resource prices, which will increase costs and direct the economy toward full employment.

Explanation:

An economy’s full employment output is the highest production level when all available resources are used efficiently. It equals the highest level of production an economy can sustain for the long-run. It is also referred to as the full employment production which results in long term supply of the finished good.

When there is increased demand then eventually there will be an increase in the price and also costs of the production which leads the economy towards the full employment output as it is a sustainable output.

Answer:

yes                                                                                                                                                                                                                  

Explanation:

        kjdfehyqt7uagfbjsnckmlojwuy8r3v thrbjdknmlko                          

Answer:

b. willingness to pay

Explanation:

Willingness to pay is the term used for the economic value of the good to a person willing to buy under some given conditions. In this situation there is a silent auction which requires the evaluation of each participant for the price they think reasonable. The maximum amount that he or she will bid for the painting in absence of any comparison of prices will based  their willingness to pay for it.

Answer:

B

Explanation:

Option c: the going concern assumption means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.

The going concern assumption is a fundamental principle in accounting and finance that allows businesses to prepare their financial statements with the expectation that they will continue to operate in the foreseeable future, rather than being liquidated or ceasing operations.

Let's break down the choices available based on your question:

a. Means that a business is accounted for separately from other business entities, including its owner.  

b. Means that we can express transactions and events in monetary, or money, units.  

c. Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold.  

d. Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods.  

e. Prescribes that a company records the expenses it incurred to generate the revenue reported.  

Answer:

$50,000

Explanation:

Data provided in the question

Sale value of the home = $48,500

Depreciation rate = 3%

This amount is come after considering the depreciation rate

So, let us assume the sale price be 100 and after deducting the depreciation it came 97% i.e 100 - 3%

So, the original asking price on the home is

= $48,500 ÷ 97%

= $50,000

Answer:

$15,750

Explanation:

The computation of the net income reported by two methods is shown below:

= Income from Corporal + Non-controlling interest income

= $12,600 + $3,150

= $15,750

Or we can one thing also

= Income from Corporal ÷ acquiring percentage

= $12,600 ÷ 80%

= $15,750

All other information that is mentioned in the question is not relevant. Hence, ignored it

Perception is the  "Quality of Product" dimension that would ask the question,"For any dimension that cannot be observed directly, does the product seem like a high-quality product?"

The quality of any product or service is very important for any firm to get success. The dimensions of quality helps in the determination of the quality of any product or services. It considers many aspects in determining the quality of any goods or services. These includes, Performance, conformance, reliability, features, durability, aesthetics, serviceability and perception.

When we become aware of some products of services with the help of our senses refers to the term perception. It can be sensed either with the helps of  the words that we hear about any product or how we see a product, etc. Thus it is the perception, a dimension of quality that can not be observed.

The question aims to assess the 'entirely subjective' dimension of product quality, which is based on personal experiences and feelings of customers about the product.

When asking the question, "For any dimension that cannot be observed directly, does the product seem like a high-quality product?", you are assessing a dimension of product quality that is entirely subjective. This assessment does not rely on objective measures or technical specifications but on the personal feelings and experiences of the customer. The quality of a product is ultimately determined by the customer, based on their experience with it and in comparison to their requirements, which may be stated or only sensed. Factors that contribute to this view of quality include whether the customer finds the product technically operational and if the product aligns with their personal determination of quality, which can be fluid and change over time.

It is important to remember that the assessment of quality is not a technocratic exercise, but rather an evaluation that takes into consideration the customer's feedback, expectations, and experiences. Companies must continuously solicit and react to customer feedback to effectively deliver products that meet changing customer needs. Therefore, understanding the entirely subjective aspect of product quality is crucial for ensuring customer satisfaction and the product's success in the market.

Answer:

Compromising

Explanation:

Compromising in problem solving looks for an expedient and mutually acceptable solution which is partially satisfactory to both parties engaged in the conflict.

The choice of Compromise becomes appropriate: When the goals are moderately important and not worth the use of more assertive or more involved approaches, such as forcing or collaborating.

In the scenario it is stated that ''You are actively searching for a middle ground between the interests of the two parties.'' hence such middle ground presupposes compromise as the preferred strategy for the conflict resolution.

Answer:

A. charges higher prices for flat- screen plasma televisions when they are first introduced and lower prices later.

Explanation:

Price discrimination is defined as a situation where a seller of a commodity sells the same commodity at differy prices to different buyers. It could be a different price for each unit sold, or a different price to different group of people.

Price discrimination over time is when a company sells a product for a price at one time and changes the price at another time.

This is exemplified by companies selling flat screen televisions at high price when they came out newly, and selling bat higher price later on.

Answer:

Manufacturing overhead

Explanation:

Manufacturing overhead -

It refers to the all the indirect cost , which is sustained during the phase of production , is referred to as manufacturing overhead .

The manufacturing overhead is independent of the administrative and selling functions of the business .

Therefore , bad debt , legal fees and corporate salaries is not counted in the manufacturing overhead .

It is hence , it is not categorized into direct labor or direct material , as these cost are directly applied to the unit of production .  

Hence , from the given statement of the question ,

The correct answer is Manufacturing overhead .

The costs in manufacturing that cannot be classified as either direct materials or direct labor are known as overhead or indirect costs. They are part of fixed costs and encompass factory rent, machinery cost, R&D, and advertising expenses.

Manufacturing costs that cannot be classified as either direct materials or direct labor are commonly known as overhead or indirect costs. This category is different from direct costs, which can be directly attributed to a product's production like raw materials and labor. Conversely, overhead costs are related to the entire operation, not singular products, and they cannot be distinctly allocated to a specific unit of output. Examples include rent on a factory, cost of machinery, research and development costs, and advertising expenses. These costs do not change with the level of production and are hence often referred to as fixed costs.

https://brainly.com/question/32466347

#SPJ12

Full question:

Nalpas Inc., an apparel company, manufactures clothes for men, women, and children. It further divides its core customers on the basis of demographic variables such as income, ethnic background, and family life cycle. In this context, these demographic variables are examples of _____.

a. positioning bases

b. segmentation bases

c. product classes

d. market positions

Answer:

In this context, these demographic variables are examples of segmentation bases

Explanation:

Segmentation bases are the dimensions that can be applied to fragment a market. A segmentation basis is described as an assortment of variables or features used to select dormant customers to analogous groups. Demographic segmentation is one of the usual recommended and commonly used varieties of market segmentation.

Segmenting based on identifiable group attributes, such as age, profession, matrimonial status and so on. Because demographic information is analytical and accurate, it is normally almost easy to reveal using various sites for market research.

Answer:

Option C The degree of uncertainty about the actual outcome of a decision.

Explanation:

The reason is that risk is the vulnerability of an desired outcome and which can be measured. So if toss a coin there are 50% chances that head will appear and I will loose money and 50 percent chances that tail will appear and I win money. So undesired outcome here is head appearing because I will loose money and it has 50% chances. So risk result in undesired outcome in an uncertain environment.

Answer:

c. Debit to Fair value adjustment for $30,000

Explanation:

The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of  transactions on the account by debit or credit.

As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow  

                                                                    Dr.               Cr.

Dec 31, year 3

Fair value adjustment account              30000

Unrealized gain on available for sale securities        30000

Final answer:

The correct journal entry for the fair value adjustment on December 31, Year 3, is a credit to Fair value adjustment for $20,000, reflecting the increase in the fair value of the bonds from the end of Year 2 to the end of Year 3.

Explanation:

The question pertains to adjusting the journal entry for the fair value change of available-for-sale securities at the end of the year. Since the amortized cost of the bonds did not change and remains at $200,000, and the fair value at the end of Year 3 is $225,000, the increase in fair value from the previous year-end is $25,000 ($225,000 - $200,000). At the end of Year 2, the fair value adjustment account had a credit balance of $5,000. To adjust this to the new fair value, an additional $20,000 (the difference between $25,000 and the existing $5,000 credit balance) must be recognized.

A credit entry to increase the fair value adjustment account by $20,000 will reflect the increased fair value of the bonds at the end of Year 3. The journal entry on December 31, Year 3, includes a credit to Fair value adjustment for $20,000, representing the increased fair value of the investment since it must equal the cumulative change from the amortized cost to the fair value.

One of the features of the new approach is​ that, now BEA uses the geometric average of fixed weight indexes and uses two base years to calculate the growth rate of real GDP between two consecutive years.

Explanation:

In both actual and nominal GDP, the U.S. Economic Analysis Department results. It estimates the real United States. GDP is a fixed base year annual rate. Imports and international sales from American businesses and people are exempt.

GDP reflects the degree to which the economy generates production. Global warming is not generated and not part of GDP. The effect of environmental damage is not measured accurately. The loss should not be included in GDP and the calculation of environmental damage has not been accepted.

Answer:

True

Explanation:

Medical care is regarded as a basic right; all citizens have equal access to medical care; and ability to pay is inconsequential. Health care delivery in the United States is characterized as a quasi- or imperfect market. Hence, we find elements of market justice,

Market justice portrays health care as an economic good delivered under free-market conditions. It assumes that markets are more efficient in allocating health resources equitably

Answer: True

Explanation: Understanding health as a human right creates a legal obligation on states to ensure access to timely, acceptable, and affordable health care of appropriate quality and as well providing for the underlying determinants of health, such as safe and potable water, sanitation, food, housing, health-related information and education, and gender equality. Right to health must be enjoyed without discrimination on the grounds of race, age, ethnicity or any other status. Among all the rights to which we are entitled, health care may be the most intersectional and crucial.

Individual resources and choices determine the distribution of health care, with little sense of collective obligation or a role for government. Known as market justice, this approach derives from principles of individualism, self-interest, personal effort, and voluntary behavior. While contrasting approach, which is social justice, allocates goods and services according to the individual's needs.

Option B

This action is: a violation known as a breakpoint sale

Explanation:

Dividing consumer buying amounts will refuse the buyer the profit of the breakpoint. This is a crime recognized as a breakpoint sale. The whole amount should be spent in one fund or one fund family to provide the consumer with the most economical feasible sales cost. Since shared funds hold diversified responsibilities, the evidence that breaking the purchases additional raises diversification, and thus will decrease risk, is questionable. Mutual fund sales quantity refunds are possible when a client spends with a mutual fund family.

The recommended investment strategy of dividing funds among different mutual funds is known as diversification, which is appropriate and not a violation.

The action taken by the registered representative to diversify the customer's investment portfolio into three different mutual funds is appropriate for the customer. The purpose of doing this is to distribute the customer's investment in a broad range of funds, thereby reducing risk. This practice, known as diversification, is a common investment strategy to maximize returns and minimize risks. The options related to 'breakpoint sale', 'spinning', and 'interpositioning' are types of violations in the securities industry, which do not apply to this situation, as each of these terms involve unethical or illegal actions.

https://brainly.com/question/31365852

#SPJ3

Answer:

Nonprofit organization

Explanation:

Nonprofit organization ( NPO )  -

It refers to the institution which works for the betterment of the individual or group of people living in the society irrespective of their own profit , is referred to as a non profit organization .

It is also known as nonprofit institution and non-business entity .

These organisation works for the betterment of specific people .

These are the charitable and tax - exempted organisations .

Hence , from the given scenario of the question ,

The correct answer is Nonprofit organization .

Answer:

FALSE

Explanation:

The LIFO conformity rule requires taxpayers that elect to use LIFO for tax purposes to use no method other than LIFO to ascertain the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors, or to beneficiaries, or for credit purposes.

Hence the IRS requires that the same method for income tax purpose be used for financial statement purpose

Answer:

The statement which is true about a T - Account is : Left hand side of a T - Account is called a debit.

Explanation:

A T-Account is a ledger account used to record any profit or loss item (expense and incomes) as well as any balance sheet item (Assets,Liabilities or Equity).

Every T - Account consist of a A Debit or Credit Side.

This side is used to record entries that depicts flow of resources into the business from and is represented by the Right Hand.

This side is used to record entries that depict outflow of resources from the business and is represented by the Left Hand Side

So basically as the Accounting rule goes, " Debit the receiver and Credit the giver" The Debit is the receiving side and that is on your Left Hand Side.Whilst the Credit is your giving side and that is your Right Hand Side.

A T-Account is a balance sheet with a debit side on the left and a credit side on the right. Debits represent an increase in assets or a decrease in liabilities, while credits represent an increase in liabilities or a decrease in assets. The total of debits must always equal the total of credits in a T-Account.

A T-Account is a balance sheet with a two-column format, with the T-shape formed by the vertical line down the middle and the horizontal line under the column headings for Assets and Liabilities. The left hand side of the T-Account is called a debit, which represents an increase in assets or a decrease in liabilities. The right hand side of the T-Account is called a credit, which represents an increase in liabilities or a decrease in assets. In a T-Account, the total of debits must always equal the total of credits.

https://brainly.com/question/32971293

#SPJ6

Answer:

The correct answer is normative.

Explanation:

We know as business ethics the term that defines a corporate group that is formed by the norms, principles and values that are linked to the culture of the company. This set serves as a road map of the different actions that a business carries out. Its use provides several advantages, such as having the opportunity to create a better bond with society and to shape an invaluable asset that will represent the company both now and in the future. This type of ethics also applies to the private life of company executives.

Answer:

Price elasticity of demand Relation

Explanation:

The reason is that the price and demand are inversely proportional to each other. If the price of the product increases the demand of the product will decrease and vice versa. So this means that if the organization wants to generate maximum profit then it will have to set a price that generate maximum demand which means which generates maximum profit. The Bugatti is very expensive and the result is that very fewer people own it in the world but the Mercedes with an above average price has customers in millions, Honda has more than million customers because it is priced average. So the thing is that the pricing matters in deciding how much of the total customers you want.