Answer: make-to-order operation
Explanation:
From the question, we are informed that Bake Treats is a confectionery that makes cakes for special occasions and delivers them and that they use gourmet ingredients while baking and deliver customized treats.
We are further told that they only start baking once they receive an official request from a customer. This shows that they are using the make-to-order operation.
Because they do so much driving while visiting doctors' offices and hospitals, pharmaceutical sales representatives are often given company cars to drive. When a pharmaceutical company like Merck is preparing to purchase new company cars, sales reps' feedback will be sought on car models and features, but the final decision will be made by higher levels of management. What role(s) do the sales reps play in the buying center?
Answer: Users and Influencers
Explanation: The sales representatives are consulted being the ones who will make use of the purchased vehicle in order to aid business growth, the sales representative have become familiar with issues they experience during the use of previous cars which might be related to the model and certain mechanical features of the car. Therefore, the feedback provided may be considered when the ultimate decision is being made, here sales representatives acts as influencers as their opinion is put into perspective, even though other considerations may outweigh those provided by the sales representatives as the final decision is being made by the superior management.
1. In the POW camps of WWII, what did prisoners do with the contents of their Red Cross packages
that "maximized individual satisfaction"?*
(1 Point)
Prisoners gave away things they didn't want
Prisoners traded for what they wanted.
Prisoners hoarded their meager supplies.
Answer:
The correct option is;
Prisoners traded for what they wanted
Explanation:
In the war camps, being that there where no privileged persons, everyone had to trade what they where given as rations for what they needed and as such trading became predominant in the camp as those who could afford to manage without taking some of the package contents from the Red Cross such as beef, coffee, biscuits and cheese can trade for other items with some making small fortunes in cigarettes (which became more or less the currency) and biscuits.
purchased a depreciable asset for $604000 on January 1, 2018. The estimated salvage value is $64000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Sheffield changed its estimates to a total useful life of 5 years with a salvage value of $81000. What is 2021 depreciation expense?
Answer:
$171,500
Explanation:
The computation of the depreciation expense for the year 2021 is shown below:
For accumulated depreciation
= ($604,000 - $64,000) × 3 years ÷ 9 years
= $180,000
Now the depreciation expense for the year 2021 is
= ($604,000 - $180,000 - $81,000) ÷ ( 5 years - 3 years)
= $171,500
Hence, the depreciation expense for the year 2021 is $171,500
Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available for the current year:
Cost Retail
Beginning inventory $ 30,000 $ 45,000
Purchases 190,000 260,000
Freight-in 2,500 —
Net markups — 8,500
Net markdowns — 10,000
Employee discounts — 1,000
Sales revenue — 205,000
If the ending inventory is to be valued at the lower-of-cost-or-market, what is the cost-to-retail ratio?
a) $220,000 ÷ $315,000
b) $222,500 ÷ $305,000
c) $222,500 ÷ $313,500
d) $222,500 ÷ $303,500
Answer:
c) $222,500 $313,500
Explanation:
Calculation for cost-to-retail ratio
COST
Beginning inventory $ 30,000
Add: Purchases $190,000
Add: Freight-in $2,500
Cost=$222,500
RETAIL
Beginning inventory $ 45,000
Add: Purchases $260,000
Add: Net markups $8,500
Retail = $313,500
Therefore the cost-to-retail ratio will be $222,500 $313,500
A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. Multiple Choice panel team group collaborative unit quality circle
Answer: Team
Explanation:
A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.
(I) Countries with more economic freedom during the past quarter of a century had a lower average per capita GDP.(II) Countries with more economic freedom during the past quarter of a century generally achieved higher rates of economic growth.Question 40 options:
Answer:
I. False
II. True
Explanation:
Economic freedom refers to the human right to own and control private property and decide how your labor should be used. When Economic freedom exists, people are able to contribute freely to the economy in a way that they prefer in a stable environment that supports their ventures.
Evidence has shown that in countries where people have the liberty to engage in business as they see fit, the Economies grew faster and had a higher average GDP per capita than countries that did not.
This is why developed countries (usually have higher economic freedom) are better off than a lot of developing countries where several factors such as corruption hinder economic freedom.
A broker arrives to present a purchase offer to a disabled woman and finds her son and his wife also present. In the presence of the broker, both individuals persistently urge the woman to accept the offer, even though it is much lower than the price she has been asking for her home. If the woman accepts the offer, she may later claim that
Answer:
she was under undue influence from her son and daughter in law and therefore the contract is voidable
Explanation:
Since in the question it is mentioned that the broker made a purchase offer to a disabled woman also his wife and her son are present. The price is very much lower and in the case when the women accept the offer and later she said due to pressure she accepted the offer.
As she is a disabled person and the people who are disabled, blind, are not capable to enter into a contract
Therefore the contract is voidable
Gilberto Company currently manufactures 65,000 units per year of one of its crucial parts. Variable costs are $1.95 per unit, fixed costs related to making this part are $75,000 per year, and allocated fixed costs are $62,000 per year. Allocated fixed costs are unavoidable whether the company makes or buys the part. Gilberto is considering buying the part from a supplier for a quoted price of $3.25 per unit guaranteed for a three-year period. Calculate the total incremental cost of making 65,000 units. Incremental Costs to Make Relevant Relevant Total Amount per Fixed Costs Relevant Costs Unit Variable cost per unit $65,000.00 126,750 Fixed manufacturing costs Allocated fixed costs Total incremental cost to make 126,750
Answer:
Explanation:
cost of making in-house
Variable cost = 1.95 * 65,000 = 126,750
Related fixed cost = 75,000
Unavoidable fixed cost= 62,000
Total cost of manufacturing = 263,750.
cost of buying
Unit cost = 3.25*65,000 = 211,250
Unavoidable fixed cost = 62,000
Total cost of buying = 273,250 .
Cost of buying is higher than the cost of making
Incremental cost buying = 273,250-263,250 = 9,500
Recommendation
Gilberto should manufacture in - house instead of buying.
Which of the following is a correct statement?
a) Both purely competitive firms and monopolistic firms are "price makers".
b) A purely competitive firm is a "price-taker" and a monopolistic firm is a "price-maker".
c) Both purely competitive and monopolistic firms are "price takers."
d) A purely competitive firm is a "price-maker" and a monopolistic firm is a "price-taker".
Answer:
The answer is B.
Explanation:
In purely competitive firms, there are many buyers and sellers that no single buyer or seller can influence the price of goods. They accept the price set by the market conditions which depend on the market supply and demand. Firms in this market are price-takers.
In monopolistic firm, no one is competing against him. He is the only one in the industry. He is the only seller while buyers are many. In most cases, buyers do not have alternative than to buy the product. Because of this, the firm in monopoly sets its price. He is a price-maker.
Regulation SHO:________. I. requires every sell order to be marked either ""long sale"" or ""short sale"" II. requires every buy order to be marked either ""long purchase"" or ""short purchase"" III. places limits on ""naked"" short sales of equity securities IV. places limits on ""covered"" short sales of equity securities"
Answer:
I and III.
Explanation:
Regulation SHO is a securities and exchange commission (SEC) rule that is used to regulate "short sale" trading strategies. The main purpose of the "regulation sho" is to prevent unethical and fraudulent behaviors among brokers, investors and traders.
Regulation SHO;
1. Requires every sell order to be marked either "long sale" or "short sale" because it involves the application of a standard uniform rule to all equity securities short sales whether traded over the counter (OTC) or exchange listed.
2. Places limits on "naked" short sales of equity securities such as selling short and not delivering the sales to a short seller on settlement.
Hence, if a sales is short, it is assumed that it can be borrowed and delivered to a short seller by settlement on a specified date.
Additionally, short selling can be defined as an act of borrowing and sales of securities with the expectation that it will decrease in value and then returned to the lender.
In a Cournot market with two firms, the inverse market demand curve is P = 20 – 0.5Q, where Q = q1 + q2. (Firm 1's output = q1; Firm 2's output = q2.) If Firm 2 produces 20 units of output, Firm 1's residual marginal revenue curve is depicted in:
Answer:
MR = 10 – 1q1.
Explanation:
Demand function, P = 20 – 0.5Q
Q = q1 + q2
Now insert Q in the P = 20 – 0.5Q.
P = 20 – 0.5 (q1 + q2)
We have the value of q2 = 20.
P = 20 – 0.5 (q1 + q2)
P = 20 – 0.5 (q1 + 20)
P = 20 – 0.5q1 – 10
P = 10 – 0.5q1
Total revenue of firm 1, TR = Pq1
TR = 10q1 – (0.5q1)^2
Now MR is the differentiation of TR. So the MR after differentiation if TR of firm 1 is:
MR = 10 – 1q1
Hola! En este grupo, estare subiendo muchos datos interesantes sobre la sag de peliculas ''Harry Potter''. ''Harry Potter'', Es una saga de peliculas conformadas por:
1.-Harry Potter y la piedra filosofal
2.-Harry Potter y la camara secreta
3.-Harry Potter y el prisionero de askaban
4.-Harry Potter y el caliz de fuego
5.- Harry Potter y la orden del fenix
6.-Harry Potter y el misterio del principe
7.-Harry Potter y las reliquias de la muerte-Parte 1
8.-Harry Potter y las reliquias de la muerte-Parte 2
Siganme! Asi de enteraran de todos los datos que no sabian de Harry Potter (Se recomienda a ver visto todas las peliculas de ''Harry Potter'' para que no te haga spoiler)
Wizard Man info? Count me in! I'll be sure to give you a follow. ;)
Answer:ghj
Explanation:
Explain the importance of economic analysis
Answer:
1. Informs decisions
2. Influences everything
3.Impacts industries
4. Inspires business success
5. International perspective
Candidates for depth interviews could include a. current customers. b. members of the target market. c. executives and managers of the company. d. All of these are candidates for depth interviews.
Answer: d. All of these are candidates for depth interviews.
Explanation:
Depth interview is a research technique which is qualitative and involves conducting individual interviews which are very intense with the respondents in order to have their idea regarding certain topics or issues.
Candidates for depth interviews could include current customers, members of the target market and the executives and managers of the company. Therefore, all of these are candidates for depth interviews.
Organic Produce, Inc. has shares of common stock outstanding and shares of preferred stock outstanding. The common stock is par value; the preferred stock is % noncumulative with a par value. On October 15, 2019, the company declares a total dividend payment of . How much dividend will be paid to the preferred stockholders?
Answer:
Some information is missing, so I looked it up.
total common stocks outstanding = 49,000par value = $0.08 per stocktotal preferred stock = 4,000preferred stock par value = $100preferred dividends = 9%total dividends = $45,000preferred stockholders will receive 4,000 x $100 x 9% = $36,000 in dividends, which means that they will receive $9 per preferred stock
common stockholders will receive $9,000 / 49,000 = $0.1837 per common stock
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should
Answer: include a credit to equipment accumulated depreciation account.
Explanation:
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to equipment accumulated depreciation account.
It should be noted that permanent Impairment is an injury suffered buy an individual which has a permanent impact on the way the individual functions.
The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can Question 1 options: A) control the position of its demand schedule, but a competitive firm cannot. B) only choose the desired output, while a competitive firm can control only price. C) only choose the desired price, while a competitive firm can control only output. D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Answer:
D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Explanation:
Firms competing in perfectly competitive markets are price takers, meaning that they cannot set the price of their products or services, but monopolists can actually set the price of their products or services because their market power is high enough to do so. Also, a monopolist can choose to lower or increase its output depending on the resulting profits.
This excessive market power is the reason why natural monopolies are usually regulated by the governments and many monopolistic firms are forced to split into smaller firms that compete against each other.
Compensate for the risk. Delay an action. Reject the risk. Transfer the risk. A squad needs to cross a narrow footbridge across a windy, mountain chasm to execute a critical mission. The squad leader is concerned about the hazards and associated risk, so he raises the issue to the platoon commander. The platoon commander directs that each member of the squad become linked to a single rope that is anchored to a nearside belay. This directive is an example of which type of risk control
Answer:
Compensate for the risk
Explanation:
In the context of the scenario given , risk is defined as a form of exposure to a potential dangerous situation.
It is necessary for any person organization facing a risky situation to look for ways of minimizing or avoiding the risk in order to reduce related losses. Risks can be avoided through transfer , rejection , delayed action and compensating the risk,
The method of risk aversion described in the scenario is to compensate the risk.
Compensating the risk is a risk control method of using an alternative means to achieve a particular purpose in order to avoid the related risks to using the initial method.
Tasty Pasta in an American fast food restaurant chain with locations in 20 countries. When the company enters a new foreign market, it usually selects a combination of franchising and master subsidiaries. These master subsidiaries are joint ventures with local partners because of the advantages joint ventures bring to Tasty Pasta. Specifically, joint ventures are politically more acceptable and they:_________.A) Help realize location and experience curve economies
B) Avoid high transport costs
C) Ensure a steady stream of loyalty payments .
D) Tend to provide a higher control over technology.
E) Bring a degree of local knowledge to the subsidiary.
Answer: Bring a degree of local knowledge to the subsidiary.
Explanation:
Joint Venture is a form of business organization whereby two or more parties come together and use the skills and resources that they both have to achieve a common goal.
Based on the scenario in the question, Joint ventures are politically more acceptable and they also bring a degree of local knowledge to the subsidiary.
A property sold for $198,000 with a listing commission of 8%. The selling office is to receive 40% of the total commission. How much will the listing salesperson receive if she is paid 60% of the amount retained by the listing broker?
Answer:
$5,702.4
Explanation:
A property is sold for $198,000 with a listing commission of 8%
The selling office is to receive 40%
The first step is to calculate the total commission
= $198,00×8/100
= $198,000×0.08
= $15,840
Listing brokers commission
=$15,840×60/100
= $15,840×0.6
= 9,504
Therefore, the amount of listing that will be received by the sales person can be calculated as follows
= 9,504×60/100
= 9,504×0.6
= $5,702.4
Hence the salesperson will receive a listing of $5,702.4
The seller told the listing broker that the seller's loan was assumable. Upon reviewing the seller's loan documents the listing broker found the mortgage was not assumable and the seller would have to pay off the mortgage upon sale. What clause did the listing broker discover upon reading the mortgage document
Answer:
Due on sale clause
Explanation:
A due on sale clause is the clause in which there is a promissory note or a loan that specified that the full balance could be called up at the time of sale or ownership transfer in order to protect the note
Therefore in the given situation, since it is mentioned that the seller has to pay the amount at the time of sale
So this represents the due on sale clause
A prospective buyer who is represented by a broker signs a contract to purchase a property serviced by a septic system. The seller's property disclosure statement indicated that the system had recently been professionally serviced. After closing on the property, the buyer informed the agent who had represented him that the septic system failed and needed to be replaced. He claimed that the agent should have advised him to have the system inspected as a condition to close. Would BRRETA support this claim on behalf of the buyer-client?
Answer:
The correct answer is "No".
Explanation:
BRRETA seems to be a customer safety state law that regulates the interaction involving real estate developers including brokerage customers in Georgia throughout designed to safeguard either brokers or customers from problems that might occur within the organization concerning the interaction between some of the entities.Underneath the law, only "natural" consideration needs to be exercised by the broker as well as the brokerage will also not be found accountable for recommending a customer to undertake a matter in which the client may fairly operate independently.Compared to bondholders, stockholders are generally… Group of answer choices Face lower risk and have the potential for higher returns. Face higher risk but receive a fixed payment. Face higher risk and have the potential for higher returns. Face lower risk but receive a fixed payment.
Answer:
Face higher risk and have the potential for higher returns.
Explanation:
Compared to bondholders, stockholders generally face higher risk and have the potential for higher returns.
Answer the following question based on the accompanying cost ratios for two products, fish (F) and chicken (C), in the countries of Singsong and Harmony. You may assume that production occurs under conditions of constant costs and that these are the only two nations in the world. Cost ratios: Singsong: 1 F = 2 C: Harmony: 1 F = 4 C. If these two nations specialize based on comparative advantage:
A) Singsong will produce both chicken and fish.
B) Harmony will produce both chicken and fish.
C) Harmony will produce chicken and Singsong will produce fish.
D) Singsong will produce chicken and Harmony will produce fish.
E) Both a. and b. above.
Answer:
The correct answer is the option C: Harmony will produce chicken and Singsong will produce fish.
Explanation:
To begin with, the term known as "Comparative Advantage" refers to the situation in where a country or an economic agent will produce more of a good and consume more of it when the fact of producing it will show that the agent has a relatively low cost of opportunity and also because that agent can produce that good at a very low cost in comparison with the other agent.
Once said that, it is understood that Harmony will produce chicken because the country can produce three of it when in comparison with Singsong who can produce only two. And both can produce one of fish so that means that Harmony will produce the good at which it is better and the other the one in that is left.
Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period, the Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory. At the end of the period, the Assembly Department has 2,600 gadgets in process that are 65% complete with respect to conversion. What are the equivalent units of production for conversion during the period?
Answer:
Total equivalent units= 11,890
Explanation:
Giving the following information:
Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.
The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.
To calculate the equivalent units, we need to multiply the % complete for the number of units started:
Units completed= 10,200
Units in ending inventory= 2,600*0.65= 1,690
Total equivalent units= 11,890
Sarah owns Fine Cuts hair salon. Hairdressers each rent a chair in the salon where they can style customers' hair, and Sarah provides receptionist services, maintains the space, and sells some hair care products at the front of the salon. The hairdressers must pay 35 percent of their profits to Sarah in return for the chair space and earn a commission for each hair product that they sell. Is Sarah s
Complete question :
Sarah owns Fine Cuts hair salon. Hairdressers each rent a chair in the salon where they can style customers' hair, and Sarah provides receptionist services, maintains the space, and sells some hair care products at the front of the salon. The hairdressers must pay 35 percent of their profits to Sarah in return for the chair space and earn a commission for each hair product that they sell. Is Sarah selling the hairdressers a security in Fine Cuts?
Answer: No, the hairdressers are not expecting to earn money predominately from Sarah's efforts
Explanation: Based on the description above, Sarah maintains full ownership of the salon and she's not selling any stock or security of Fine Cuts. Because security involves a financial instruments such as stocks or bonds which are sold to investors in other to acquire capital needed to operate a business. Here, Sarah makes her profit directly off the work done by the hairdressers and the items sold to customers by offering them working space and she's in turn paid a certain percentage of their earning.
Seth is a manager at Click Systems. He leads a team of 20 employees, and Amanda is his least preferred coworker because he finds it difficult to cooperate with her. During an employee feedback session, Seth informs his boss that Amanda is unresponsive, insincere, lazy, and unfriendly. In this scenario, Seth has a _____ leadership style.
Answer:
task-oriented
Explanation:
Since in the question it is mentioned that the Seth who is a manager handling a team of 20 employees out of which Amanda is least coworker as it is very difficult to cooperate with her also she is insincere, lazy, etc
So, Seth has a task oriented leadership style as he leading a team of 20 employees whom he motivates, guides for accomplishing a task
As part of her annual review of her company's budgets versus actuals, Mary Gerard isolates unfavorable variances with the hope of getting a better understanding of what caused them and how to avoid them next year. The variable overhead efficiency variance was the most unfavorable over the previous year, which Gerard will specifically be able to trace to:
Options:
a. Actual overhead costs below applied overhead costs
b. Actual production units below budgeted production unit
c. Standard direct labor hours below actual direct labor hours
d. The standard variable overhead rate below the actual variable overhead rate
Answer: c. Standard direct labor hours below actual direct labor hours
Explanation: The variable overhead efficiency variance can obtained by multiplying the difference between the actual and Budgeted labour hours by the hourly rate for standard variable overhead. In this case, the outcome may be favorable or unfavorable. The variable overhead efficiency variance will be favorable if the actual labor hours is less than the budgeted hours while it will be unfavorable if the actual labor hours exceed the budgeted labor hours as described in the scenario above.
Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining
The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property
The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;
The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance
A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration
The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase
Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property
A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable
Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit
Therefore, the home inspector might flag the likelihood of a sinkhole on the property
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What type of trading earns you money when you accurately predict that a stock will lose value? Ticker parade Yielding Charting Trading bonds Going long Holding Selling short
Answer:
Selling short
Explanation:
Selling short is the answer,it simply means that an investor or a trader will make profit when prices of commodities goes down. In other words it the opposite of going long where investors make money when prices rise up