Answer:
Consumer behavior
Explanation:
Consumer behavior is the study related to the individuals and the organization with respect to the choosing, and using of products and services. It mainly deals in the motivation, behavior, and the psychology. The consumer behavior should be known at the time of shopping
So the process that use by the individuals at the time of making a purchase decision is known as the consumer behavior
Hence, the same is to be conisdered
Boris, Inc. sells a single product for $900 per unit, including a 90-day warranty against defects. It is estimated that 3% of the units sold will prove defective and require an average repair cost of $70 per unit. During July, 800 units were sold. Five of them were reported defective and repaired in July. What amount should be added to the Estimated Liability for Product Warranties for July
Answer:
the amount that added to estimated liability is $1,330
Explanation:
The computation of the amount that added to estimated liability is as follows
= 800 units sold × 3% defective - five defective units
= 24 units - 5 units
= 19 units
Now the amount that should be added is
= 19 units × $70 per unit
= $1,330
Hence, the amount that added to estimated liability is $1,330
The same is to be considered
The total amount which is to be added to the total estimated repairs for Boris Inc. will be $1330. This amount is calculated as per the instructions given in the query.
Boris sold 800 units of a product so it did sales of $7,20,000 as the cost per unit was $900. It has also been provided that the total amount to be calculated will be 3% of the total sales for the month of July.
The calculation further becomes simpler as there would be 3% defective products out the 800 units sold. This can be illustrated as below[tex]3=\frac{x}{800} * 100[/tex]
[tex]x=\frac{2400}{100}[/tex]
[tex]x=24[/tex]
Therefore we know that 24 units will turn out to be defective. So, the total expected liability also known as the contingent liability of Boris Inc. will be as under[tex](24-5 )* 70= 1330[/tex]
Here we have deducted the cost of 5 units in the calculation as 5 units have already been detected as defective and their liability has occurred. So, only 19 units are multiplied by the cost of repair of such products.Hence, Boris Inc. will have to ascertain that their estimated contingent liability is $1330 after multiplying the 3% of units sold with the cost of repair.
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The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follow: Question 34 - Final If the toy were discontinued, Draper could avoid $8,000 per year in fixed costs. The remainder of the fixed costs are not avoidable. Suppose that if the Doombug toy is dropped, the production and sale of other Draper toys would increase so as to generate a $16,000 increase in the contribution margin received from these other toys. If all other conditions are the same, the financial advantage (disadvantage) from discontinuing the production and sale of Doom Bugs would be:
Answer:
the financial disadvantage is -$6,000
Explanation:
The computation of the financial advantage or disadvantage is as follows
= Lost of the contribution margin + avoidable fixed cost + increase in contribution margin
= -$30,000 + $8,000 + $16,000
= -$6,000
It should not be dropped as the saving cost is lower than the contribution loss
Hence, the financial disadvantage is -$6,000
Net sales for the year were $325,000 and cost of goods sold was $240,500 for the company’s existing products. A new product is presently under development and has an expected selling price of $40 per unit in order to remain competitive with similar products in the marketplace. The dollar amount of gross profit and the gross profit ratio for the year were:_______
a. $324,000 and 100%, respectively.
b. $84,500 and 26%, respectively.
c. $240,500 and 74%, respectively.
d. $83,500 and 74%, respectively.
Answer:
The correct answer is B.
Explanation:
Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).
Net sales = $325,000
Cost of Sales = $240,500
Therefore we have;
$325,000 - $240,500
=$84,500
Gross profit ratio is (Gross profit/net sales) x 100%
($84,500 x $325,000) x 100%
26%
Entry into a market by new firms will increase the:_______
a. supply of the good.
b. profits of existing firms.
c. price of the good.
d. marginal cost of producing the good.
Answer:
The right approach is Option a (supply of the good).
Explanation:
Supply would increase substantially of some more production. Increasing the income of established businesses wouldn’t rise, as there has been increasing competitiveness. This similar value of the product is likely to decline due to further fulfillment as well as the same requirement. Marginal costs would never be compromised.Anyone else alternatives possible does not apply to the situation throughout the question. That's the right thing above.
On January 12, 2021, Jefferson Corporation purchased bonds of Rose Corporation for $75 million at par and classified the securities as available-for-sale. On December 31, 2021, these bonds were valued at $68 million. Nine months later, on October 3, 2022, Jefferson Corporation sold these bonds for $86 million. As part of the multistep approach to record the 2022 transaction, Jefferson Corporation should next take the second step of:
Answer:
$11 million gain
Explanation:
As part of the multi step approach to record the 2022 transaction, Jefferson Corporation should next take the second step of: Recording a sales transaction with a gain of the amount of $11 million which is Calculated as:
Gain= Bonds purchased $75 million at par - Bonds sold $86 million
Gain=$11 million
A company purchased a tract of land for its natural resources at a cost of $1,500,000. It expects to mine 2,000,000 tons of ore from this land. The salvage value of the land is expected to be $250,000. The depletion expense per ton of ore is:
Answer:
Depletion expense per ton = $0.625
Explanation:
Given:
Total cost = $1,500,000
Total ore = 2,000,000 tons
Salvage value = $250,000
Find:
Depletion expense per ton
Computation:
Depletion expense per ton = [Total cost - Salvage value] / Total ore
Depletion expense per ton = [$1,500,000 - $250,000] / 2,000,000
Depletion expense per ton = $0.625
It costs Marigold Corp. $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 3800 scales at $15 each. Garner would incur special shipping costs of $1 per scale if the order were accepted. Marigold has sufficient unused capacity to produce the 3800 scales. If the special order is accepted, what will be the effect on net income
Answer:
The net income (loss) would be $3 per each bathroom scale should the wholesaler price offer be accepted. The effect is going to be a massive loss and possibly bankruptcy to the manufacturer on his net income.
Explanation:
From the information given above,
To produce 1 bathroom scale,
Fixed cost = $5
Variable cost = $12
Total cost = fixed cost + variable cost = $ 17
Selling price = $35
Profit = Selling price - Total cost = $35 - $17 = $18
For the wholesaler, for each bathroom scale
Price offered = $15
Total cost = $ 17
Shipping cost = $1
Loss incurred = Price offered - (Total cost + Shipping cost)
= $15 - ($17 + $1) = $3
Total loss = Loss X Qty ordered
= $3 X $3800 = $11 400
This shows that, it would amount to great loss to the manufacturer going by the net income to be realized when the wholesaler price offer to be accepted.
Which of these answers the following two questions: 1) how will the firm make money on the product and/or services offered, and 2) how will the firm be positioned in the marketplace
Answer:
1) use Information Technology and Information Systems.
online collaboration. virtual meetings.Big data, cloud computing, internet of things and mobile digital platforms.According to the question, the Value proposition is the answer.
What is Value Preposition?A value proposition is a succinct sentence that explains why customers should select your goods or services. It's more than simply a description of your company's goods or services; it's also the unique solution you offer and the assurance of value you make to clients.
One of the most crucial conversion criteria is the value proposition. A strong value offer may mean the difference between losing and winning a sale. Because of this, it's critical to develop one that truly depicts your goods and services and explains why you're the best option.
Your company's distinctive identification is your value proposition. Without it, customers won't be motivated to buy your products. They might even decide to go with a rival merely because of how well that company's marketing and sales efforts convey its value offer.
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Pedro borrowed $250,000 to purchase a machine costing $300,000. He later borrowed an additional $25,000 using the machine as collateral. Both notes are nonrecourse. Eight years later, the machine has an adjusted basis of zero and two outstanding note balances of $140,000 and $15,000. Pedro sells the machine subject to the two liabilities for $45,000. What is his realized gain or loss
Answer:
Pedro
Pedro's realized gain is $45,000.
Explanation:
a) Data and Calculations:
Cost of equipment = $250,000
Adjusted basis of equipment after eight years = $0
Proceeds from sale of equipment = $45,000
Realized gain = Sales proceeds minus adjusted basis
= $45,000 - $0
= $45,000
b) Pedro's realized gain is the gain he earned by selling the equipment at a price higher than the original purchase price's adjusted basis. Since the equipment is sold at a higher than its adjusted basis, Pedro has achieved a realized gain of $45,000, which increases his current assets. The outstanding note balances of $140,000 and $15,000 remain liabilities to be settled in the future. They do not form part of the basis for calculating the realized gain or loss.
Zibb is a transnational electronics company based in Germany. It has factories in China, Mexico, and India. The company aims to streamline its manufacturing operations for maximum efficiency and profit. To this end, Zibb adopts the best manufacturing and packaging practices from around the world. This also leads to the creation of a global mind-set that adopts ideas without regard to their origin. Which of the following international orientations has Zibb adopted?
A) The polycentric orientation
B) The regiocentric orientation
C) The geocentric orientation
D) The ethnocentric orientation
Bramble Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that cost $18 per unit. During the current month, the company purchased 478 units at $18 each. Sales during the month totaled 362 units for $43 each. What is the cost of goods sold using the LIFO method
Answer:
$6516
Explanation:
LIFO means last in, first out. It means that it is the last purchased inventory that is sold first.
Total sales in the month was 362 units, this would be taken from the inventory purchased during the month
= 362 x $18 = $6,516
The Fresh Fish sushi restaurant opened a year ago in Mahwah, NJ. Assume the sushi market operates in perfect competition and the timeframe is the short run. Suppose sushi restaurants are earning economic profits. New competitors will ___ the market; the overall quantity of sushi available in Mahwah will ___ and Fresh Fishes share of the market will ___
Incomplete question. The options:
a. Enter, decrease, increase
b. Enter, increase, decrease
c. Enter, increase, increase
d. Exit, decrease, decrease
Answer:
b. Enter, increase, decrease
Explanation:
What happens basically in this scenario is what we find in real life when a company launches a very successful product or service, other existing or previously not existing companies may begin to offer the same type of service (eg Uber's ride-sharing service).
So as The Fresh Fish makes economic profits, this will attract new competitors to enter the sushi market; thereby making the overall quantity of sushi available in Mahwah to increase because of the increase in sellers and Fresh Fishes' share of the market will decrease.
Suppose you purchased a stock a year ago. Today, you receive a dividend of $16 and you sell the stock for $99. If your return was 11%, at what price did you buy the stock
Answer: 103.60
Explanation:
From the question, we are informed that a stock was purchased a year ago and that today, a dividend of $16 was gotten and the stock was sold for $99 while the return was 11%.
The price that the stock was bought will be:
= (Dividend + Stock sale)/(1 + Return)
= (99 + 16) /(1 + 11%)
= =(99+16)/1.11
= 103.60
**ECONOMICS** A high level of education is most likely to lead to:
A. a lower overall income.
B. higher medical costs.
C. a higher unemployment rate.
D. a lower unemployment rate.
Answer:
D. a lower unemployment rate.
Explanation:
income-generating activity. It can be either full-time or part-time. One can be employed by a private firm, the government, or be self-employed.
A higher level of education equips an individual with the skills needed to get employed. Employers demand a certain level of education to hire workers. The skills to go into self-employment can be acquired through education. Therefore, the more people are educated, the higher the chances of being employed, which translates to a low unemployment rate.
Answer:
d
Explanation:
The stock price of Bravo Corp. is currently $100. The stock price a year from now will be either $160 or $60 with equal probabilities. The interest rate at which investors invest in riskless assets is 6%. Using the binomial OPM, the value of a put option with an exercise price of $135 and an expiration date 1 year from now should be worth __________ today.
Answer:
$38.21
Explanation:
The computation of the value of put option is shown below;
Hedge ratio is
= (Pay off in case price appreciates - Pay off in case of price depreciates) ÷ (Appreciated price - Depreciated price)
= (Max[$135 - $160, $0] - Max[$135 - $60, $0]) ÷ ($160 - $60)
= ($0 - $75) / $100
= -0.75
Now, Price of Put option is
= -Hedge ratio × {Appreciated price ÷ (1 + risk free rate) - Present stock price}
= -(-0.75) × {$160 ÷ (1 + 6%) - $100}
= $38.21
When Larinda returned from training, her manager did ask how her training went but gave her a very heavy workload. We can argue that Larinda's job has a _____ climate.
Answer:
Poor transfer climate.
Explanation:
The transfer climate can be defined as a trait in working environment which may either advance or impede the application of the trained skills. It is a corporative culture that aids empolyees to transfer their the skills and knowledge they have acquired from the training and incorporate it into their work place.
In the given case, one can argue that Larinda's working place has a poor transfer climate because her manager gave her a very heavy workload to do. Larinda has just returned from training and for getting good performance out of Larinda's trained skills, her manager need to slowly incorporate her skills in job setting.
Therefore, poor transfer climate is the correct answer.
On September 1, Ziegler Corporation had 63,000 shares of $5 par value common stock, and $189,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:_________
a. Debit Retained Earnings $945,000; credit Common Stock $945,000.
b. Debit Retained Earnings $315,000; credit Common Stock $315,000.
c. Debit Retained Earnings $315,000; credit Stock Split Payable $315,000.
d. Debit Retained Earnings $945,000; credit Common Stock Split Distributable $945,000.
e. No entry is made for this transaction.
Answer:
e. No entry is made for this transaction.
Explanation:
When a corporation splits stocks it doesn't have to record any type of journal entry. This happens because no account balance actually changes, only the total number of stocks outstanding and the par value per stock will change. But the balance of the common stocks account will be the same.
This type of transactions are recorded in the footnotes or in a memo entry in the financial statements, but no journal entry.
Analyse how an increase in government spending may create economic growth
Answer:
see below
Explanation:
An increase in government spending is an expansionary fiscal policy applied to stimulate economic growth. The government increases spending by engaging in capital and labor-intensive projects such as the building of public roads, bridges, schools, hospitals, railway lines, airports, and other public goods.
Since these projects are labor-intensive, they create employment for many people. It means previously unemployed people will have an income. The workers will spend their new income buying goods and services in the market, resulting in a general increase in demand. As demand increases, production increases resulting in a higher GDP.
The projects also consume many materials ranging from steel, timber, cement, and many others. The demand for materials will increase, resulting in higher production and an increase in employment.
An increase in government spending creates employment, increases income and aggregate demand resulting in increased economic activities and a higher GDP.
Lucy's Music Emporium opened its doors on January 1, 2015, and it was granted permission to use the same depreciation calculations for shareholder reporting and income tax purposes. The company planned to depreciate its fixed assets over 20 years, but in December 2015 management realized that the assets would last for only 15 years. The firm's accountants plan to report the 2015 financial statements based on this new information. How would the new depreciation assumption affect the company's financial statements? a. The firm's reported 2015 earnings per share would increase. b. The firm's EBIT would increase. c. The firm's net liabilities would increase. d. The firm's reported net fixed assets would increase.
Answer:
The firm's cash position in 2015 and 2016 would increase.
Explanation:
In the case when the life of an asset would decrease that represents the depreciation would rise and if the depreciation rise so the EBIT and EPS would reduced and in the case when the EBIT reduced, so automatically the tax expense is also reduce
So, the cash position of the firm woud increase
Hence, the above represents the answer
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to receive a base fee of $4,500 for his services in addition to a bonus depending on when the project is completed. Nolan created incentives for Bob to finish the barn as soon as he can without jeopardizing the structural integrity of the barn. Nolan offered to pay an additional 30% of the base fee if the project finished 2 weeks early and 10% if the project finished a week early. The probability of finishing 2 weeks early is 30% and the probability of finishing a week early is 60%. What is the expected transaction price with variable consideration estimated as the expected value? Multiple Choice $5,175 $4,500 $6,175 $4,275
Answer:
a. $5,175
Explanation:
Expected transaction price with variable consideration estimated as the expected value = $4,500 + (30%*$4,500*30%) + (10%*$4,500*60%) + (0%*$4,500*10%)
= $4,500 + $405 + $270 + $0
= $5,175
So, the expected transaction price with variable consideration estimated as the expected value is $5,175
Vaughn Manufacturing incurred the following costs for 72000 units: Variable costs $432000 Fixed costs 392000 Vaughn has received a special order from a foreign company for 4000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $5600 for shipping. If Vaughn wants to earn $8000 on the order, what should the unit price be
Long-term corporate bond have had a historical average return of 6.4% and a standard deviation of 8.4% over this same time period. What is the range of returns that you would expect to experience 68% of the time for long-term corporate bonds?
Answer:
The range will be "-2.0% to 14.8%". A further explanation is given below.
Explanation:
According to the question,
For 68%, the range seems to be +/- 1 standard deviation of the mean. So that the upper as well as the lower range will be:
Upper range,
= [tex]6.4 - 8.4[/tex]
= [tex]-2.0[/tex] (%)
Lower range,
= [tex]6.4 + 8.4[/tex]
= [tex]14.8[/tex] (%)
So that the range would be between "-2.0% to 14.8%".
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,100 Interest on investments 220 Sale of land 110 Sale of common stock 550 Issuance of debt securities 2,500 CASH PAID FOR: Interest on debt $ 320 Income tax 150 Debt principal reduction 1,450 Purchase of equipment 4,400 Purchase of inventory 900 Dividends on common stock 190 Operating expenses 800 Bad Brad's would report net cash inflows (outflows) from financing activities in the amount of: Multiple Choice $1,520. $(1,520). $1,260. $1,410.
Answer:
Net cash inflow from financing activities $1,410
Explanation:
The computation of the net cash inflows or outflows from financing activities is shown below
Cash flow from financing activities
Sale of common stock $550
Issuance of debt securities $2,500
Less debt principal reduction -$1,450
Less dividend on common stock -$190
Net cash inflow from financing activities $1,410
Hence, the last option is correct
Roccos Incorporated reports the following amounts at the end of the year. Cash$6,200Service revenue$72,200 Equipment 19,500 Cost of goods sold (food expense) 54,300 Accounts payable2,500Buildings29,000 Delivery expense 3,500 Supplies 1,500 Salaries expense6,400Salaries payable800 Deferred Revenue5,000Accumulated Depreciation8000 In addition, the company had common stock of $21,000 at the beginning of the year and issued an additional $2,100 during the year. The company also had retained earnings of $12,600 at the beginning of the year and paid dividends of $3,800 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet.
Answer:
Roccos Incorporated
a) Roccos Incorporated Income Statement for the year ended Dec. 31:
Service revenue $72,200
Cost of goods sold (food expense) 54,300
Delivery expense 3,500
Salaries expense 6,400 64,200
Net income $8,000
b) Roccos Incorporated Statement of Stockholders' Equity for the year ended December 31:
Common stock $23,100
Retained earnings 16,800
Equity balance $39,900
c) Roccos Incorporated Balance Sheet as of December 31:
Assets:
Cash $6,200
Supplies 1,500 $7,700
Equipment 19,500
Acc. Depreciation 8,000 11,500
Building 29,000 40,500
Total assets $48,200
Accounts payable $2,500
Salaries payable 800
Deferred revenue 5,000 $8,300
Common stock $23,100
Retained earnings 16,800 39,900
Total liabilities + equity $48,200
Explanation:
a) Data and Calculations:
Cash $6,200
Service revenue $72,200
Equipment 19,500
Cost of goods sold (food expense) 54,300
Accounts payable 2,500
Buildings 29,000
Delivery expense 3,500
Supplies 1,500
Salaries expense 6,400
Salaries payable 800
Deferred Revenue 5,000
Accumulated Depreciation 8,000
Common Stock 23,100
Retained Earnings 12,600
Common stock of $21,000
Additional issue 2,100
Total common stock $23,100
Retained earnings $12,600
Net income 8,000
Dividends paid (3,800)
Retained earnings $16,800
Keyser Materials has 8 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 102 percent of par. What is the current yield
Answer: 1020
Explanation:
The following information can be gotten from the question:
Face value of bond = 1000
Coupon = 8%
Therefore, PMT = 8% × 1000/2 = 40
Years to maturity = 19
Since semiannual payments are made,
Nper = 19 × 2 = 38
Current price = PV
= 102% × 1000
= 1.02 × 1000
= 1020
1. Current Yield = Coupon/Current prce
= (2*40)/1020 = 7.84%
John's dairy makes and sells homemade ice cream. He uses a machine he bought 15 years ago for $1,500. The machine still works but is so old that nobody else would be willing to buy it, as they would prefer buying a new one that would last longer. John's opportunity cost of continuing to use this machine is
Answer: zero
Explanation:
Opportunity cost is simply defined as what an individual forgoes when he or she is confronted with choices to make and makes a particular economic decision.
In this scenario, since we are told that nobody else would be willing to buy the machine, as they would prefer buying a new one that would last longer. It implies that John's opportunity cost of continuing to use this machine is zero since he has nothing to lose.
The value of a p value. In a critical commentary on the use of significance testing, Lambdin (2012) explained, "If a p < .05 result is ‘significant,’ then a p = .067 result is not ‘marginally significant’" (p. 76). Explain what the author is referring to in terms of the two decisions that a researcher can make.
Answer:
The author is referring to the acceptance or rejection of the null hypothesis because of significance testing.
Explanation:
In significance testing, if the result is statistically significant with p < 0.05, the conclusion is that it is not probably caused by chance. Since statistical significance indicates a strong evidence against the null hypothesis, the null hypothesis is rejected by the researcher, and the alternative hypothesis is accepted. But, if the p = 0.67, the result is said to be not marginally significant, and the null hypothesis is not rejected. These two conclusions mean that the researcher's rejection or acceptance of a null hypothesis is decided by a thin margin, and this is why wrong conclusions can be made at times.
PLS HELP!!
Type the correct answer in the box. Spell all words correctly.
Which aspect should businesses consider when trying to sell a product?
Instead of a product's features, a business should try to sell through a product's
because they describe what customers
can gain from the product.
Answer:
Benefits
Explanation:
Both existing and potential customers attached the value of a product to its perceived benefits rather than its technical features.
When selling a product, businesses should focus more on communicating the benefits of a commodity than its features. Customers are more concerned with the advantages they stand to gain by consuming goods or services.
Focusing on benefits allows a business to set high prices and differentiate the product from its competitors. Communicating benefits creates a psychological conviction on customers, making them want to buy the product, thereby increasing sales.
Answer:
Features
Explanation:
Got it right plato
what are the two ways to organize lists of sources
organize information alphabetically
Answer:
B. Numerically by when each source is mentioned in the paper or alphabetically by the Author's last name
Explanation:
Just answered it on Ed:)
4. JEF Inc. just paid a $1.30 dividend, and it is expected to grow at 40% for the next 3 years. After 3 years the dividend is expected to grow at the rate of 7% indefinitely. If the required return is 12.7%, what is the stock's value today
Answer:
The stock's value today is $53.33
Explanation:
The value of a stock can be calculated by determining the present value of associated cash flows
First, we need to calculate the expected dividend each year
Year ______ Dividend
1__________$1.30 x ( 1 + 40% ) = $1.8200
2__________$1.82 x ( 1 + 40% ) = $2.5480
3__________$2.548 x ( 1 + 40% ) = $3.5672
4__________$3.5672 x ( 1 + 7% ) = $3.8169
Now calculate the present value of the dividends
Year ______ Present value
1__________$1.8200 x ( 1 + 12.7% )^-1 = $2.0511
2__________$2.5480 x ( 1 + 12.7% )^-2 = $2.0061
3__________$3.5672 x ( 1 + 12.7% )^-3 = $2.4920
4__________[ $3.8169 / ( 12.7% - 7% ) ] x ( 1 + 12.7% )^-3 = $46.7804
Hence,
Value of Stock = $2.0511 + $2.0061 + $2.4920 + $46.7804 = $53.3296 = $53.33