the prices that firms set are a function of the costs they incur, and these costs, in turn, depend on (check all that apply.)
Answers
The prices set by firms are influenced by the costs they incur, which depend on several factors. These factors include production costs, such as raw materials, labour, and overhead expenses, as well as the costs of research and development, marketing, and distribution.
The prices that firms set are primarily driven by the costs they incur in their operations. These costs can be categorized into various components. Production costs play a crucial role in determining prices. These costs include expenses related to raw materials, labour wages, energy, machinery, and other resources used in the production process. Higher production costs generally lead to higher prices, as firms seek to recover their expenses and maintain profitability. In addition to production costs, firms also consider other costs that influence their pricing decisions. Research and development (R&D) costs, for instance, contribute to the overall expenses incurred by firms. Investments in R&D are essential for innovation, product improvement, and staying competitive in the market. As R&D costs increase, firms may factor in these expenses when setting prices. Marketing and distribution costs are other aspects that impact pricing. Advertising, promotions, sales commissions, and distribution expenses are necessary for firms to create awareness, attract customers, and deliver products or services to the market. These costs are often included in the pricing strategy to ensure they are covered and generate sufficient revenue. External factors also come into play when determining costs and, consequently, prices. Taxes and regulations imposed by governments can directly affect a firm's expenses, such as corporate taxes, import duties, or environmental compliance costs. These factors may lead to higher costs, which firms may pass on to consumers through higher prices. Furthermore, market competition is a crucial determinant of costs and prices. In a competitive market, firms must consider the pricing strategies of their rivals. If a firm sets prices too high compared to its competitors, it may lose market share. Conversely, setting prices too low may lead to reduced profitability. Therefore, firms assess the competitive landscape and adjust their prices accordingly to remain competitive while covering their costs.
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Related Questions
in the context of the leadership grid, the context and style of leaders' behavior are important factors that affect the leadership dimensions of concern for people and concern for production
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It is true that in the context of the leadership grid, the context and style of leaders' behavior are important factors that affect the leadership dimensions of concern for people and concern for production.
It is believed that the most effective executives care deeply about both their workforce and their bottom line.A leader's capacity to create teams and influence others through their behavior depends on the situation and the setting in which they act.What is leadership grid?Intelligence, personality traits, emotional intelligence, beliefs, attitudes, interests, expertise, and experience all have a role in how we behave as leaders.A style leadership paradigm created by Robert R. Blake and Jane Mouton is the management grid model.The Leadership Grid is a behavioral leadership model created in the 1960s to compare concern for people and production. The grid defines five different leadership styles: team, country club, produce or perish, and impoverished.Learn more about Leadership Grid here:
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Assume that the North and the South can switch between producing cars and producing airplanes at a constant opportunity cost. The following table shows the number of labor hours needed to produce 1 car or 1 airplane in each country:
Country Car Airplane
North 30 hours 150 hours
South 50 hours 150 hours
Assume that the North and the South each have 2,400 of labor hours available. Without trade, the North produced and consumed 50 cars and 6 airplanes, and the South produced and consumed 27 cars and 7 airplanes. Then, each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 28 cars for 8 airplanes. As a result, the North gained:_____.
a. cars and 2 airplanes.
b. 2 cars and 2 airplanes.
c. cars and airplanes since this is not a mutually beneficial terms of trade.
e. 3 cars and 3 airplanes.
Answers
The North gained 2 airplanes from the agreement of specialisation and trade between the North and the South, which is option (b). Comparative advantage theory states that a country has a comparative advantage in producing a good when it can produce that good at a lower opportunity cost than another country. I
n the given scenario, the North has a comparative advantage in producing airplanes because it takes fewer hours to produce one airplane in the North than in the South. The South has a comparative advantage in producing cars because it takes fewer hours to produce one car in the South than in the North. Before specialisation and trade: North can produce 50 cars, which will require 50 × 30 = 1500 hours of labour and 6 airplanes which will require 6 × 150 = 900 hours of labour.
So, total hours required by North are 2400 hours, which it has available. South can produce 27 cars, which will require 27 × 50 = 1350 hours of labour and 7 airplanes which will require 7 × 150 = 1050 hours of labour. So, total hours required by South are 2400 hours, which it has available. After specialisation and trade: North can produce 28 cars, which will require 28 × 30 = 840 hours of labour. It will trade these 28 cars for 8 airplanes with the South, which will require 8 × 150 = 1200 hours of labour.
So, total hours required by North are 2040 hours. Hence, North has 360 hours of labour remaining to produce other goods.South can produce 49 cars, which will require 49 × 50 = 2450 hours of labour. It will trade these 28 cars for 8 airplanes with the North, which will require 8 × 150 = 1200 hours of labour. So, total hours required by South are 3650 hours. Hence, South needs to produce 1250 hours of labour worth of goods.
Therefore, the North gained 2 airplanes from the agreement of specialisation and trade between the North and the South. Hence, the correct answer is option (b).
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with the help of a diagram explain types of price elasticity of supply
Answers
Answer:
...
Explanation:
...
Starla corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to generate additional profits. A potential customer has offered to buy 4,200 units of component jolt. Each unit of jolt requires 6 units of material ox8 and 9 units of material pow6. Data concerning these two materials follow:
Answers
To determine the potential additional profits that Starla Corporation can generate by using its idle capacity to produce component jolt for the potential customer, we need to calculate the cost of producing 4,200 units of component jolt and compare it with the price offered by the customer.
The cost of producing component jolt includes the cost of material ox8 and material pow6. The cost of material ox8 is $0.70 per unit and the cost of material pow6 is $0.30 per unit. Each unit of component jolt requires 6 units of material ox8 and 9 units of material pow6. Therefore, the cost of producing one unit of component jolt is:
Cost of material ox8 = 6 units x $0.70 per unit = $4.20
Cost of material pow6 = 9 units x $0.30 per unit = $2.70
Total cost of producing one unit of component jolt = $4.20 + $2.70 = $6.90
The cost of producing 4,200 units of component jolt is:
Total cost of producing 4,200 units of component jolt = 4,200 units x $6.90 per unit = $28,980
If the price offered by the customer is higher than the total cost of producing 4,200 units of component jolt, Starla Corporation can generate additional profits by using its idle capacity to produce component jolt for the potential customer.
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do you believe thicker/ Williams violated copyright law with "blurred lines" why or why not
Answers
Answer:
why not
Explanation:
why not yes of course nA
Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!
Answers
Answer:
1. Consumer.
2. Producer.
3. Transportation.
4. Marketing.
5. Harvesting.
6. Processing.
7. Retail/food service.
Explanation:
Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.
Basically, the seven (7) steps or segments in the food supply continuum include the following;
1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.
2. The producer is responsible for raising a healthy animal.
3. The segment which carries the animal from the farm to the market is transportation.
4. The segment which sells the animal to the packer is marketing.
5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.
6. The segment which processes the carcasses into retail cuts is processing.
7. The segment which involves a negotiator is the retail/food service.
Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
according to this information, what will sivar's ebit be if sales actually turn out to be $720,000 rather than $800,000
what will be EPS be?
Answers
Without knowing Sivar's specific financials, it's impossible to determine exactly what their EBIT and EPS would be with a change in sales. However, we can make some general assumptions based on the relationship between these terms.
EBIT (earnings before interest and taxes) is a measure of a company's profitability that takes into account revenue and expenses, but does not include interest payments or taxes. EPS (earnings per share) is a measure of a company's profitability that takes into account net income (which includes interest and taxes) and divides it by the number of outstanding shares.
Assuming that Sivar's expenses remain constant, we can estimate that their EBIT would be lower if sales were $720,000 instead of $800,000, since they would be generating less revenue. Similarly, their EPS would also be lower, since their net income (which includes interest and taxes) would also be lower.
However, it's important to note that these estimates are based on simplified assumptions and may not reflect the specific financials of Sivar or any other company. It's always best to consult a financial advisor or accountant for personalized advice.
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3. Which of the following is NOT an example of a violation of professional ethics?
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Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.
What is professional ethics?Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.
Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.
One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.
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broker t explains to her designated broker that she is leaving the firm for a better opportunity with another brokerage. what must t's designated broker do?
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It's designated broker must acknowledge and process T's departure from the firm. They will need to ensure any pending transactions are properly managed or transferred to another broker within the brokerage, and update any records or documentation related to T's clients and listings.
When a broker decides to leave a firm, the designated broker must do the following: Notify the Florida Department of Business and Professional Regulation about the broker's termination within 30 days. What must the designated broker do when a broker informs them that they are leaving the firm for a better opportunity with another brokerage? When a broker decides to leave a firm, the designated broker must take specific steps to ensure that the transition runs smoothly. Within 30 days of termination, the designated broker must inform the Florida Department of Business and Professional Regulation about the broker's termination. The broker's files and information must be kept on hand for five years after the date of termination. This is done to ensure that the broker's clients are transferred to another broker or that they have the opportunity to terminate their contracts and seek another brokerage. As a result, the designated broker must work quickly to prevent the loss of any business or revenue.
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Name factors of production and their remumeration
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Land, labor, capital, and entrepreneurs are the four primary factors that contribute to production. Their earnings are referred to as rent, wages, interest, and profit.
In economics, what is used in the production process to produce output—that is, goods and services—are referred to as factors of production, resources, or inputs. The relationship known as the production function states that the quantity of output is determined by the utilized amounts of the various inputs.
What is the significance of the production factors?A given economy's total productivity potential is made up of the factors of production taken together. Economists and policymakers can better predict the potential of an economy, make predictions, and develop policies to increase productivity by having a better understanding of their relative availability and accessibility.
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Which best describes the facilities involved in the Healthcare cluster?
Some facilities are privately owned, some are funded and run by the government, and some are run by nonprofit organizations.
Some facilities are privately owned businesses that are owned by people who want to make money, and some facilities are nonprofit hospitals.
Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Many facilities are nonprofit clinics with the rest of the facilities owned and operated by private individuals to make a profit.
Answers
Answer: (C) Most facilities are funded by taxes and run by the government, while a small few are privately owned facilities run by people who want to make money.
Answer:
C. government
Hearts ‘R Us ("Hearts" or "the Company") is an early-stage research and development medical device company. Hearts has no current products in the marketplace but is in the final stages of going to market with the Heart Valve System. All preliminary trials have been approved by the FDA, and the Company is in the final trial; once the final trial is complete, the Company will present the product to the FDA for final approval. If approved by the FDA, the Heart Valve System will revolutionize the way medical professionals repair heart valve defects.
Answers
Full question attached
Answer and Explanation:
1. Hearts R Us should account for the preferred shares series A financing as equity at issuance since it is not mandatory to redeem at issuance according to ASC 480-10-15-3
2. Here Hearts R Us may have to reclassify the preferred shares series A financing from Bionic considering no FDA approval yet and the failure of the heart valve product. Bionic has the option/right to redeem at par value in the fifth year if there is no FDA approval and so Hearts R Us would have to buy back the security from Bionic at par value(amount sold to Bionic) and classify as common stock.
Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winters' ledger showed Cash of $8,000 and Common Stock of $8,000.
May 1 Purchased merchandise on account from Black Wholesale Supply for $7,100, terms 1/10, n/30.
May 2 Sold merchandise on account for $4,000, terms 2/10, n/30. The cost of the merchandise sold was $3,000.
May 5 Received credit from Black Wholesale Supply for merchandise returned $300.
May 9 Received collections in full, less discounts, from customers billed on May 2.
May 10 Paid Black Wholesale Supply in full, less discount.
May 11 Purchased supplies for cash $900.
May 12 Purchased merchandise for cash $3,100.
May 15 Received $230 refund for return of poor-quality merchandise from the supplier on cash purchase.
May 17 Purchased merchandise from Wilhelm Distributors for $2,000, terms 2/10, n/30.
May 19 Paid freight on May 17 purchase $250.
May 24 Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100.
May 25 Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30.
May 27 Paid Wilhelm Distributors in full, less discount.
May 29 Made refunds to cash customers for returned merchandise $125. The returned merchandise had cost $90.
May 31 Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $830.
Winters Hardware's chart of accounts includes Cash, Accounts Receivable, Inventory, Supplies,
Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, Sales
Discounts, and Cost of Goods Sold.
Instructions
(a) Journalize the transactions using a perpetual inventory system.
(b) Post the transactions to T-accounts. Be sure to enter the beginning cash and common
stock balances,
(e) Prepare an income statement through gross profit for the month of May 2017.
(d) Calculate the profit margin and the gross profit rate. (Assume operating expenses were
$1,400,)
Answers
Given Winters Hardware's Cash, Accounts Receivable, Inventory, Supplies, Accounts Payable, Common Stock, Sales Revenue, Sales Returns and Allowances, Sales Discounts, and Cost of Goods Sold, the following information can be prepared:
a) The journal entries for the given transactions are as follows:
May 1: Accounts Receivable 7,100, Inventory 7,100 (Purchased merchandise on account from Black Wholesale Supply for $7,100, terms 1/10, n/30.)
May 2: Accounts Receivable 4,000, Sales Revenue 4,000, Inventory 3,000, Cost of Goods Sold 3,000 (Sold merchandise on account for $4,000, terms 2/10, n/30. The cost of the merchandise sold was $3,000.)
May 5: Accounts Payable 300, Accounts Receivable 300 (Received credit from Black Wholesale Supply for merchandise returned $300.)
May 9: Cash 3,920, Sales Discount, 80 Accounts Receivable, 4,000 (Received collections in full, less discounts, from customers billed on May 2.)
May 10: Accounts Payable 7,000, Cash 6,930, Inventory 70, Accounts Payable Discount 0.70 (Paid Black Wholesale Supply in full, less discount.)
May 11: Supplies 900, Cash 900 (Purchased supplies for cash $900.)
May 12: Inventory 3,100, Cash 3,100 (Purchased merchandise for cash $3,100.)
May 15: Cash 230, Inventory 230 (Received $230 refund for return of poor-quality merchandise from the supplier on cash purchase.)
May 17: Accounts Payable 2,000, Inventory 2,000 (Purchased merchandise from Wilhelm Distributors for $2,000, terms 2/10, n/30.)
May 19: Accounts Payable 250, Cash 250 (Paid freight on May 17 purchase $250.)
May 24: Cash 5,500, Sales Revenue 5,500, Inventory 4,100, Cost of Goods Sold 4,100 (Sold merchandise for cash $5,500. The cost of the merchandise sold was $4,100.)
May 25: Inventory 800, Accounts Payable 800 (Purchased merchandise from Clasps Inc. for $800, terms 3/10, n/30.)
May 27: Accounts Payable 1,960, Cash 1,960 (Paid Wilhelm Distributors in full, less discount.)
May 29: Sales Returns and Allowances 125, Cash 125, Inventory 90, Cost of Goods Sold 90 (Made refunds to cash customers for returned merchandise $125. The returned merchandise had cost $90.)
May 31: Accounts Receivable 1,280, Sales Revenue 1,280, Inventory 830, Cost of Goods Sold 830 (Sold merchandise on account for $1,280, terms n/30. The cost of the merchandise sold was $830.)
b) The T-accounts are given below. (The amounts have been rounded off to the nearest dollar.)
c) The income statement for the month of May 2017 is as follows:
Winters Hardware Store
Income Statement
For the month ended May 31, 2017: Sales Revenue $ 10,780 Cost of Goods Sold (5,840) Gross Profit 4,940 Operating Expenses 1,400 Net Income $ 3,540
d) The profit margin is calculated using the formula:
Profit margin = Net income / Sales Revenue
Profit margin = 3,540 / 10,780
Profit margin = 0.3282 (rounded to four decimal places)
The gross profit rate is calculated using the formula:
Gross profit rate = Gross profit / Sales Revenue
Gross profit rate = 4,940 / 10,780
Gross profit rate = 0.458 (rounded to three decimal places)
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Mark, a sales rep with a large technology company, is celebrating today because he just closed a large deal, which means a sizeable commission. Even the finance department is thrilled because Mark used __________ to review the credit history of this customer to be sure the deal would be a profitable one for the company.
Answers
Mark used Business intelligence to review the credit history of this customer to be sure the deal would be a profitable one for the company.
Business intelligence is defined as the technology software comprising of tools and processes that help to compute and analyse data for business information.Processes involve in Business intelligence are
Data mining Reporting Performance metrics and benchmarking Descriptive analytics Querying Statistical analysis Data visualization Visual analysis Data preparationBy easily assessing an organization’s data, An organisation can improve efficiency, drive changes that adapt to market changes and trends , Analyze customer behaviors
, Track performance, etc.
Thus, we can conclude that Mark used Buisness intelligence to review the credit history of this customer to be sure the deal would be a profitable one for the company.
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
Generally, it is a sound business practice to take advantage of cash discounts. the money saved by paying invoices promptly is free to be used elsewhere. conversely, there is an implicit (opportunity) cost of foregoing a cash discount. by forgoing a cash discount, the small business owner is, in effect, paying an annual interest rate to retain the use of the discounted amount for the remainder of the credit period.
For example, assume that Jill anticipates she will receive invoices for $500 from the vendors offering cash discounts of 3/10, net 45.
a) how much will Jill save by paying within the discount period?
b) what will it cost Jill to retain the use of credit for 45 days?
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
Answers
Answer: a. $485
b. $15
c. 32.28%
Explanation:
a. how much will Jill save by paying within the discount period?
3% × $500 = 3/100 × $500 = 0.03 × $500 = $15
The amount saved will be:
= $500 - $15.
= $485
b) what will it cost Jill to retain the use of credit for 45 days?
This will be:
= 3% × $500
= 3/100 × $500
= 0.03 × $500
= $15
c) what is the annual interest rate of the "loan" (ie. what is the annual rate of 3/10, net 45)?
c) The annual interest will be calculated using:
= P x R x T
where,
I = interest = $15
P = principal = $485
R= rate of interest = Unknown
T= time factor = 15/365 = 0.0958
Then, annual Interest rate will be:
R = 15/ (485 x 0.0958)
R = 32.28%
Annual Interest rate is 32.28%
which statement best explains why money was invented?
Answers
Hope this helps!
Brainliest is much appreciated!
In the Challenge Solution, would it make a difference to the analysis whether the lump-sum costs such as registration fees are collected annually or only once when the firm starts operation? How would each of these franchise taxes affect the firm's long-run supply curve? The Federal Motor Carrier Safety Administration (FMCSA) along with state transportation agencies in 38 states administer interstate trucking licenses through a Single State Registration System. However, the registration process is complex, time consuming, and expensive. There are many fees and costly regulations that a trucker or firm must meet to operate. For example, for a large truck, the annual federal interstate registration fee can exceed $8,000. These largely lump-sum costswhich are not related to the number of miles drivenhave increased substantially in recent years. What effect do these new fixed costs have on the trucking market price and quantity? Are individual firms providing more or fewer trucking services? Does the number of firms in the market rise or fall? The Challenge Solution suggests the market price will increase and the market quantity will decrease. Further, the number of firms in the market will fall, although each firm remaining in the market will produce more. Instead of being collected annually, if the lump-sum costs are collected only once (when the firm starts operation), then
Answers
Answer:
The answer is "nothing changes because the fees would still be fixed costs."
Explanation:
When annual expenses throughout the cash payment are recovered, a long-term delivery curve of both the company will change.
When the lump sum costs are still only obtained once, the long-term supply curve shall be changed.
It is because, regardless of how it is paid, this tv license has little effect mostly on low cost but only a fixed cost. Its amount of output relies on how well the cost of the profit changes. Provided these are fixed costs, their performance doesn't matter.
internal auditors review all aspects of operations in search of improvement, as well as review the internal control structure to determine if they are operating as expected. group of answer choices true false
Answers
Internal auditors review all aspects of operations in search of improvement, as well as review the internal control structure to determine if they are operating as expected
This statement is true.
An internal auditor (IA) is a qualified professional who works for a company to give unbiased, independent assessments of all aspects of the company's financial and operational operations, including corporate governance.
They are responsible for making sure businesses adhere to rules and laws, follow correct procedures, and operate as effectively as feasible.
An internal auditor (IA) is a qualified expert tasked with conducting unbiased assessments of the financial and operational business operations of a corporation.
They are used to make sure businesses operate effectively and adhere to proper processes. Senior management receives final reports that may also contain recommendations.
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which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?
Answers
make-to-stock type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment.
A concept known as "lean manufacturing" aims to increase productivity while eliminating waste in industrial systems. Anything that buyers do not think adds value to and are not prepared to pay for is considered waste. Lean manufacturing has many advantages, some of which include shorter lead times, lower operational expenses, and better product quality.
Organizations from a variety of industries can enable the practice of lean manufacturing, commonly referred to as lean production or lean. Toyota, Intel, John Deere, Nike, and other well-known corporations all employ lean techniques. The strategy is still employed by numerous other businesses and is based on the Toyota Production System. A lean production system might be advantageous for businesses that use enterprise resource planning (ERP).
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Vaughn Industries would like its Alabama Division to sell 28900 units to its Arkansas Division for a price of $44. The Alabama Division is currently operating at capacity. Alabama Division's unit variable cost is $25, unit fixed cost is $20, and unit selling price is $64. What is the minimum transfer price that the Alabama Division should accept? a. $25 b. $39 c. $45 d. $64
Answers
Vaughn Industries would like its Alabama Division to sell 28900 units to its Arkansas Division for a price of $44, The minimum transfer price that the Alabama Division should accept is b. $39.
To determine the minimum transfer price, we need to consider the opportunity cost for the Alabama Division. The Alabama Division is currently operating at capacity, meaning that selling 28,900 units to the Arkansas Division would require them to forgo selling those units in the external market.
The unit variable cost for the Alabama Division is $25, and the unit fixed cost is $20. Considering these costs, the minimum transfer price should at least cover the variable cost and the opportunity cost (foregone contribution margin) of selling externally. The unit selling price in the external market is $64.
To calculate the minimum transfer price, we need to determine the contribution margin per unit:
Contribution margin per unit = Selling price - Variable cost
Contribution margin per unit = $64 - $25 = $39
Therefore, the Alabama Division should accept a minimum transfer price of $39 to cover its variable cost and the opportunity cost of forgoing external sales.
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true or false: in the service industry, customer satisfaction is often based on perception.
Answers
The statement: in the service industry, customer satisfaction is often based on perception is true customer satisfaction in the service industry is often based on perception.
Customers' perceptions of the quality of service they receive can be influenced by a variety of factors, including the friendliness of the staff, the cleanliness of the facilities, the speed of service, and the overall ambiance of the establishment.
Additionally, customers' expectations can also affect their perception of the service they receive. If they have high expectations for the service, they may be more likely to be dissatisfied if the service does not meet their expectations, even if the service is objectively good.
Therefore, in the service industry, it is important to not only provide high-quality service but also to manage customers' perceptions of the service to ensure their satisfaction.
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_____ keeps the growth of money stocks, such as M1 and M2, on a steady path, following the equation of exchange.
a.Inflation targeting
b.The Friedman rule
c.A monetary rule
d.The Taylor rule
Answers
Answer: Monetary Rule
The rules governing when a sale is a sale when the product is _____and _____; the buyer can cancel prior to that.
Answers
Basically, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
In the contract on sales, a sale formally becomes a sale when a party gives something to another in exchange for money.
The consideration (Premium/Sales cost) is the main factor that makes a sales contract valid and legal.Hence, the rule of sales contract recognizes that sales is done when the product is negotiated on and paid for, and thus, the the buyer can cancel prior to that.
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true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answers
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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what is the target market segment for casinos? group of answer choices people looking for a night out older people wanting to play slot machines tourists who were going to a destination for multiple benefits chinese and asian gamblers all of the above
Answers
Although many people might assume that casino patrons who play games are their primary target market, you might be shocked to hear that visitors to casinos reported spending more money on activities other than gaming. Within a casino, there are numerous business areas, such as gaming, lodging, dining, entertainment, and event hosting.
Explain about the target market segment for casinos?
Middle-aged people with modest incomes frequently go to online casinos in the hopes of winning and improving their financial situation. High-income middle-aged people are more likely to visit casinos out of curiosity. On gaming websites, they wish to test their luck and abilities.
To uncover opportunity markets and assist in future market planning, segment a given population in a particular market based on their attitudes, actions, and participation in various types of gaming that are available everywhere in the market.
The casino sector, which focuses on leisure and resort assets and casino gaming activities, is a subset of the larger gaming business. Businesses in the industry own and run racetracks, resorts, hotels, ski areas, and casinos all over the world.
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Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
When a company has a diverse workforce, which of the following is likely to
be true?
A. Wages can be decreased.
B. There is potential for discrimination.
C. The workforce will be all male.
D. HR managers will be all males.
Answers
The correct option is D. When a company has a diverse workforce, HR managers will be all males is likely to be true.
Because every team member—from the leadership to the frontline staff to mobile workers—brings their own distinct backgrounds, experiences, and viewpoints to the table, workplace diversity fosters creativity and innovation.
How does diversity affect the workplace?Productivity is strongly impacted by the greater variety of talents and abilities that come with workplace diversity. Because diverse employees have a range of talents, skills, and preferred fields of work, workplaces with greater variety typically have higher productivity.
Beyond political correctness, a diverse workforce has several advantages. Including people from all backgrounds and viewpoints can promote better decision-making, more innovation, and increased workplace engagement. Additionally, it might enhance a business's reputation and make it simpler to draw in top employees.
Thus, The right answer is D. A corporation is more likely to have all male HR managers if its workforce is diverse.
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different between profession and professional human resources in points
Answers
Answer:
Explanation:
Hi