Business High School

Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment depreciation of $18,500 for 2,400 hours of production. The department actually completed 2,350 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.

Answers

Answer 1

The budget for the department, assuming that it uses flexible budgeting is: $89,000.

Total Department Costs

First step is to calculate the direct labor cost

Direct Labor =2350 hours x( $72,000/2400)

Direct Labor=$70500

Second step is to calculate the Total Department Costs

Total Department Costs=$70,500+$18,500

Total Department Costs=$89,000

Therefore the budget for the department, assuming that it uses flexible budgeting is: $89,000.

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Related Questions

The concept that under the right circumstances, groups are smarter than the smartest individuals in them is referred to as ________.

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The concept that under the right circumstances, a group is smarter than the smarter individuals in them is referred to as the wisdom of crowds.

Wisdom of crowds is a principle that assumes that the knowledge of crowd outcomes in higher decision-making, innovation, and problem-fixing than that of a person. A crowd needs to be large, and diverse, and people within the crowd cannot be prompted by others for the principle to work.

The mathematical concept plays an important role in the Wisdom of crowds, The crowd's squared error equals the average person squared errors minus the variety of the predictions. this can be referred to as the diversity prediction theorem. This occurs now not the handiest in this example; it is actually in each example. it's far a mathematical identity, like the Pythagorean theorem.

There is diversity inside the group and their wondering is unbiased of what others have to say. The idiosyncratic errors canceling each other out is not a gain of 'understanding of crowds'. because the opinion of a huge group of people could be very numerous of their thinking and it is their unbiased opinion.

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Sensitivity analysis: Group of answer choices is affected primarily by the interrelationships between project variables. indicates which variable(s) need to be most closely monitored. is more difficult to conduct than simulation analysis. provides its user with the rate of return that corresponds to the project's IRR. provides limited information and therefore is rarely used in practice.

Answers

The sensitivity analysis process indicates which variable(s) need to be most closely monitored.

What is sensitivity analysis?

This is a form of financial analysis where various variables are tested for change in the event that market conditions change.

This allows analysts to see which variables should be paid attention to in case of market change so that they can take corrective steps.

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If the banking system has demand deposits of $100,000, total reserves equal to $15,000, and a required reserve ratio of 10 percent, the banking system can increase the volume of loans by a maximum of

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The banking system can increase the volume of loans by a maximum of $50,000

What are total reserves?A bank's reserves are calculated by multiplying its total deposits by the reserve ratio. For example, if a bank's deposits total $500 million, and the required reserve is 10%, multiply 500 by 0.10. The bank's required minimum reserve is $50 million.Calculation of total reservesThe reserve ratio is the portion of reservable liabilities that commercial banks must hold onto, rather than lend out or invest. This is a requirement determined by the country's central bank, which in the United States is the Federal Reserve. It is also known as the cash reserve ratio.

Total Reserves = Cash in vault + Deposits at Fed.

Required Reserves = RR x Liabilities.

Excess Reserves = Total Reserves - Required Reserves.

Change in Money Supply = initial Excess Reserves x Money Multiplier.

Money Multiplier = 1 / RR.

Therefore banking systems can increase the volume of loans by $50,000

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If the fed wants to increase the money supply through an open market operation, it will:_____.
a. purchase government securities.
b. sell government securities.
c. first purchase, then sell, government securities.
d. lend more reserves to commercial banks.

Answers

Answer

Purchase government securities

Explanation:

When a central bank wants to increase money supply, a key tool in the open market operation is to sell purchase government securities. With this, they give out money to the economy increasing money supply.

6. Corinne has just gotten her first job and wants to apply for her first credit card. Based on what you have learned in this unit, what advice can you give Corinne? Your response should include the following information:
-What Corinne should do before applying for the credit card
-Which elements of the credit card agreement Corinne should focus on once her application is accepted
-What Corinne should do in order to best manage her credit
-The potential downsides of having a credit card

Answers

The things that Corinne should do before applying for the credit card include:

See what the fee includes.Make sure the rewards align with your spending habits. Time the sign-up bonus appropriately.

What are credit cards?

Credit cards gives one a line of credit that can be used to make purchases, balance transfers and cash advances and requiring that you pay back the loan amount in the future.

The things that she should focus on include:

Practice responsible spending.

Choose a credit card payment plan.

There should be an emergency fund.

The thing that Corinne should do in order to best manage her credit include building a budget and paying the credit card bills at the appropriate time.

The potential downsides of having a credit card are:

Paying high rates of interest.

Credit damage.

Credit card fraud.

Cash advance fees and rates.

Annual fees.

Credit card surcharges.

Other fees can quickly add up.

Overspending.

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In a small open economy, if the world real interest rate is above the rate at which national saving equals domestic investment, then there will be a trade ______ and ______ net capital outflow.

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In a small open economy, if the world real interest rate is above the rate at which national saving equals domestic investment, then there will be a trade deficit and positive / zero / negative net capital outflow.

The Department of Economic Affairs, Ministry of Finance, Government of India, oversees the National Savings Institute. The Institute is responsible for mobilizing deposits in the government of India's national savings schemes, which are run by selected banks and post offices across the nation. The Institute engages in a variety of activities for the promotion and mobilization of savings, including national-level promotion of the schemes, data collection and collation, inspection by the Department of Economic Affairs to assess whether small savings rules are being implemented by post offices and banks, liaison and coordination with the State Governments, Banks, Department of Posts, and Extension Agencies, and forecasting of collections for better cash flow.

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The systematic risk principle argues that the market does not reward risks _____.

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The systematic risk principle argues that the market does not reward risks that are borne unnecessarily.

Systematic risk is the principle that some risks are unavoidable and that diversification cannot prevent risk. Eliminating risk is highly impossible. This principle argues that the market does not reward risks that are borne unnecessarily.

Systematic risk is risk that impacts the entire market or a large sector of the market, and not just a single stock or industry. For instance, inflation, natural disasters, weather events, changes in interest rates, etc, impacts the entire market.

Hence, the principle of systematic risk argues that the market does not reward risks that are borne unnecessarily.

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Create a project justification for Global Treps Running Case. Prepare a business case for the Global Treps project. Assume that the project will take six months to complete, use many volunteer hours, and cost about $130,000 for hardware, software, travel, and labor. Use the business case template provided on the Companion website for this text. Be sure to research information on the television show and events held by colleges and other groups, which have been sparked by the need for more successful entrepreneurs. Also visit DonorsChoose.org to see how that site operates and look into steps for forming a non profit organization.

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It should be noted that a business case gives justification for undertaking a project or portfolio.

What is a business case?

It should be noted that business case evaluates the benefit, the cost and risk of alternative options and gives a rationale for the preferred solution.

When writing a business case, it's important to always define the scope and include an executive summary, detailed information about finances, as well as.an overview of the project's structure.

Every member of the project team should contribute to the business case and the business case should be concise and only include relevant information

In conclusion, the business case provides decision makers, stakeholders and public for evidence based and transparent decision making.

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Complete question:

You and your team are continuing your work on the Global Treps Project. Your project sponsor, Dr. K. has asked you to refine the existing cost estimate for the project so you can evaluate supplier bids and have a solid cost baseline for evaluating project performance. Recall that your schedule and cost goals are to complete the project in six months for under $120,000. You planned to use up to $50,000 total to pay yourself and your team members, and your initial estimates were $30,000 for travel expenses, $20,000 for hardware and software, and $20,000 for organizing four events, including consultants, legal/business fees, etc.

Suppose the consumer price index in 2010 was 100 and its corresponding basket of goods was $23,000. if that same basket of goods cost $19,000 in 2006, what was the value of the cpi in that year?

Answers

The value of the CPI in 2006 is 82.61.

What is the value of the CPI?

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

2010 is the base year because its CPI is 100.

(19,000 / 23,000) x 100 = 82.61

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The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management. Group of answer choices True False

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TRUE, The ability to capture and analyze all customer interactions, generate appropriate responses, and gather data to create and build effective and efficient marketing campaigns is known as contact management.

A contact manager is a software program that allows users to easily store and retrieve contact information such as names, addresses, and phone numbers. These are contact-centric databases that provide a fully integrated approach to tracking all contact-related information and communication activity.

Contact management is the process of storing and tracking data about customers and leads. In addition to providing quick access to customer data, investing in contact management can help grow and diversify your customer base.

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What is the primary hazard or significant drawback ofa permanent team

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Drawback of a permanent team: Decreased innovation/ Lack of latest ideas-

while an worker focuses n the wellbeing in their crew and neglect to carry out their personal innovative thoughts to the desk.

Permanent teams- these groups carry out on a everlasting basis and aren't dissolved as soon as the challenge is done.teams may be divided into 4 important businesses: mission groups, self-controlled groups, digital groups, and operational groups. What type of team you have got relies upon on its purpose, region, and organizational structure.

Dangers encompass challenges with digital groups can lie in communication, terrible leadership/control and incompetent crew individuals.Confidentiality is hard to achieve as personal knowledge is shared with the organization. companies do now not fully aid institution paintings as they are no longer clear approximately its usefulness. group paintings often degenerates into games and a laugh neglecting the remedy procedure.

Four unique forms of groups:

1: purposeful teams. functional teams are permanent and consist of individuals of the equal branch with special obligations.

2: cross-functional groups. go-purposeful teams are made of people from numerous departments.

3: Self-controlled teams.

4: virtual groups.

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Financial Statements and Accounting Reflection
Write responses in your OWN words.

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A company's financial stability may be seen at a brief look due to the financial statements that reveal information about its operations, performance, and cash flow. The main goal of financial statements is to give information about an organization's financial situation, operating outcomes, and cash flow.

The primary goals of accounting are to maintain an accurate record of financial transactions, produce an expense journal, and prepare this data for reports that are frequently required by law. The recording of data is the most fundamental accounting function. Accounting is essential to starting a business because it makes it easier to keep track of income and expenses, ensures legal compliance, and gives investors, management, and the government access to quantitative financial data that can be used to make decisions.

The Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.

Financial statements that must be provided are:

income statement, balance sheet, statement of cash flows.

The process of combining financial data to make it transparent and understandable for all stakeholders and shareholders is referred to as accounting. Recording and reporting a company's financial transactions, financial performance, and cash flows is accounting's primary objective.

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In a bilateral monopoly, how are wages and level of employment determined compared to the competitive labor market case?

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Bilateral monopolies determine wages and level of employment when compared to the competitive labor market, in an indeterminate manner.

What is an indeterminate wage level policy?

This refers to the fact that the wages in a bilateral monopoly have no set way of being determined because the factors affecting employment can change based on the goods being produced.

Some goods will lead to wages and level of employment being quite competitive like the competitive labor market, while others will lead to low levels of competition which would lead to higher wages.

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Which of the following is NOT one of a wholesaler's channel functions? Group of answer choices off-price retailing financing risk bearing bulk breaking transportation

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D) category killers are not one of a wholesaler's channel functions.

Category killer is a big everything-in-one save that dominates a product category. it's a serious competitor for different smaller stores as it generally has a wide selection of merchandise and lower expenses. Its market penetration, pricing, and product collection offer such huge-container shops a competitive benefit.

A completely famous or a successful product, keep, and many others., that dominates the competition in a specific category Their approach brought seek consequences that creamed the competition's, and it served them up in an easy, quick-loading, no-frills format.

We keep our taxonomy of regulation companies with a term i've borrowed shamelessly from the retail enterprise, “category Killers.” In retail, these have traditionally been huge container shops with exhaustive stock and wickedly aggressive fees on one deep “vertical” class of merchandise: domestic Depot and Lowe's.

The question is incomplete. Please read below to find the missing content.

Which of the following is NOT one of the main types of off-price retailers?

A) independents

B) factory outlets

C) warehouse clubs

D) category killers

E) membership warehouses

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Which player in the economy supplies labor in the factor market?

Government
Households
Business firms
Rest of the world

Answers

The player in the economy that supplies labor in the factor market is households.

Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."

The factors of production—raw materials, land, labor, and capital—are what are required to meet these needs.

The input market is another name for the factor market.

By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.

The market for finished goods or services is referred to as an output market, whereas a factor market is referred to as an input market.

This can be seen as a closed-loop flow where households are sellers and businesses are buyers in the factor market and vice versa in the market for goods and services.

Hence, The player in the economy that supplies labor in the factor market is households.

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in summary the answer is households

You are evaluating the following two mutually exclusive projects: Project Year 0 Year 1 Year 2 A -$100 $100 $200 B -$50 $60 $125 Both have 15% cost of capital. Using NPV profiles for Projects A and B, determine which project would be chosen under each of IRR rule and NPV rule. (Hint: Draw the NPV profiles.)

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Project Year 0 Year 1 Year 2 A -$100 $100 $200 B -$50 $60 $125 Both have 15% cost of capital. Using NPV profiles for Projects A and B, determine which project would be chosen under each of IRR rule and NPV rule.

Concept of net present value (NPV) ?

The concept of net present value (NPV) is used to calculate the current value of all projected future cash flows, including the initial capital expenditure. To determine which projects are most likely to generate the highest profit, it is frequently used in capital budgeting.

Two mutually exclusive projects: Project Year 0 Year 1 Year 2 A -$100 $100 $200 B -$50 $60 $125 Both have 15% cost of capital. Using NPV profiles for Projects A and B, determine which project would be chosen under each of IRR rule and NPV rule.

The amount of future cash flows and their regularity affect how the NPV calculation is calculated.To determine the current value of a future stream of payments, one uses net present value (NPV).When capital planning, NPV is used to analyze whether a current investment will result in future positive cash flow.The discounted present value of all future cash flows associated with a project or investment will be positive if the project or investment has a positive net present value (NPV).

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When a homeowner is delinquent on property taxes, the first step taken by the government in correcting the late payment is:

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When a homeowner is delinquent on property taxes, the first step taken by the government is delinquent taxpayer names are published in the local paper

Property taxes are delinquent on April first of the year following non-payment. A list of delinquent payers is published in a local county wide-newspaper.

A taxpayer is an individual or entity (such as a company) that is subject to tax liability. Modern taxpayers may have an identification number, an identification number issued by the government to citizens and businesses.

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_____ is a term used by evolutionary psychologists to denote the amount of time and effort men or women must devote to parenthood.

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Parental Investment is a term used by evolutionary psychologists to denote the amount of time and effort men or women must devote to parenthood.

Parental investment in offspring (as first described by Robert Trivers) sacrifices a parent's ability to invest in other offspring (current or future siblings), at the expense of that offspring's chances of survival and reproduction. It is an investment by parents that enhances

For birds, for example, during the egg stage, a parent's investment includes incubating the eggs and protecting the nest from potential predators. This stage is called hatching) and the continuation of the nest

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Trey wants to put his leadership skills to good use. He is good at overseeing activities and delegating responsibilities. Which officer position would he excel at?

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The officer position would he excel at , since He is good at overseeing activities and delegating responsibilities is delegating leader.

What is delegating leadership style?

delegating leadership style can be regarded as the low task as well as the relationship behavior approach to leadership , it is a leadership style where leader empowers an individual to exercise autonomy.

in this case, The officer position would he excel at , since He is good at overseeing activities and delegating responsibilities is delegating leader.

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Identify the practices that help entrepreneurs achieve success in crowdfunding.

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Crowdfunding is the practice of using small donations from a large number of people to fund a business that would not otherwise be possible. By gaining the required cash flow boost, these ventures can get off the ground or start new campaigns.

The majority of these campaigns take place on online platforms, have time limits for raising funds, and disclose specific monetary goals. Crowdfunding occurs when a "crowd" rather than one or two major investors funds a project or the business.

Crowdfunding is divided into four categories: rewards, donations, debt, and equity. To run a successful crowdfunding for the campaigns.

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Britney is selling her bungalow via an installment contract. The buyer made payments dutifully for five years, but has not made any payments for more than a year. Which of the following is true

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"Britney is selling her bungalow via an installment contract. The buyer made payments dutifully for five years, but has not made any payments for more than a year." This is further explained below.

What is an installment contract.?

Generally, A contract known as an installment purchase agreement is one that facilitates the financing of the purchase of assets.

In conclusion, Britney has the right to retain the whole of the money that was received and to reclaim the property.

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The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and ______.

Answers

Answer: establish financial controls

Explanation:

The three steps in the financial planning process are to forecast the firm's short- and long-term needs, develop budgets, and establish financial controls.

What is Financial Planning?

A financial plan is a detailed review of an individual's present pay and future financial situation that predicts future income, asset values, and outflow plans using current known factors.

The job of calculating how a corporation will afford to fulfill its strategic goals and objectives is known as financial planning. Typically, a corporation develops a Financial Plan shortly after establishing its vision and objectives.

The financial planning process involves assessing your net worth and risk profile, establishing short to long-term financial objectives, and adjusting those goals as needed. It also includes techniques for retiring without worrying about finances and protecting your family's future.

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The starting point for preparing the operating activities section using the indirect method is ______. Multiple choice question. current liabilities current assets ending cash balance net income

Answers

Net income serves as the beginning point for the indirect technique of preparing the operating activities section.

What does "net income" mean?

Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.

How is net income demonstrated?

Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.

What is net income post-tax?

A person's income after taxes and deductions is referred to as their net income.

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One reason businesses need an inventory control system is a. to evaluate the effectiveness of advertising campaigns. b. to determine when to mark down merchandise. c. for reporting inventory in the financial statements. d. all of these are true.

Answers

Option d is correct. All of these are the reasons why the businesses usually need the inventory control system.

What is an inventory control system?

This is the term that is used to track the goods that a company has through the use of the supply chain. The inventory control is done through the use of technology. The inventory is the stock of the goods that are available in the business at a particular time.

The control system helps in the integration of all of the ways that the goods would be able to get to the company. This has to do with the shipping of the goods also.

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A comparable property showed adjusted value of $40,000. The property sold two years ago, and the adjustments indicated a 7% annual appreciation rate. Assuming the appreciation was the only adjustment, how much was the total adjustment

Answers

a. plus $5,063 was the total adjustment.

The definition of adjustment is the act of creating an alternate or is the exchange that is turned into made. An instance of an adjustment is the time that it takes for someone to end up comfy living with someone else. The settlement of ways tons is to be paid in cases of loss or declaration, as with the aid of insurance. a way of fixing.

A pay adjustment is a change in a worker's pay fee. you could exchange an employee's hourly salary or profits. Normally, reimbursement adjustment is a boom within the pay charge, which includes when an employee earns a raise.

Aadjustments to income encompass such items as Educator charges, scholar mortgage hobby, Alimony bills, or contributions to a retirement account. Your AGI will by no means be more than your Gross general earnings on you come back and in a few cases may be decreased.

Your question is incomplete. Please find the complete question below.

A comparable property showed an adjusted value of $40,000. The property sold two years ago, and the adjustments indicated a 7% annual appreciation rate. Assuming the

appreciation was the only adjustment, how much was the total adjustment?

a. plus $5,063

b. plus $5,404

c. minus $5,063

d. plus $5,600

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In _____, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically. Multiple choice question.

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In systematic random sampling, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically.

What is Sampling?

The sample is the group of individuals who will actually participate in the research.

There are two types of sampling methods:

Probability sampling

Involves random selection, allowing you to make strong statistical inferences about the whole group.

Non-probability sampling

Involves non-random selection based on convenience or other criteria, allowing you to easily collect data.

How many types of Probability Sample ?

There are four main types of probability sample:

Simple random samplingSystematic samplingStratified samplingCluster sampling

What is Simple random sampling?

In simple random sampling (SRS), each sampling unit of a population has an equal chance of being included in the sample. Consequently, each possible sample also has an equal chance of being selected. To select a simple random sample, you need to list all of the units in the survey population.

Therefore, we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

In _____, a defined target population is ordered in some way, usually in the form of a taxpayer roll, customer list, or membership roster, and selected systematically. Multiple choice question.

A. Simple random sampling

B. Systematic sampling

C. Stratified sampling

D. Cluster sampling

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Suppose there is an increase in taxes of $20. if the mpc equals 0.75, consumption will by $________ .

Answers

Suppose there is an increase in taxes by $20. If the MPC equals to 0.75, consumption will decrease by $15.

Consumption function:

C = c + MPC (Y - T)

Where C is consumption

c is autthe onomous consumption

MPC is marginal propensity to consume.

Y is income

T is taxes.

C = c + MPC (Y-T)

=> C = c + 0.75 (Y-T)

Differentiate C w.r.t T

=> ΔC / ΔT = -0.75 --------------(1)

Taxes increase by $20

=> ΔT = $20 ------------------(2)

Substitute (2) in (1)

=> ΔC / ΔT = -0.75

=> ΔC / $20 = -0.75

=> ΔC = -0.75 * $20

=> ΔC = -$15

The consumption will decrease by $15 if taxes increase by $20.

Consumption function, in economics, the relationship between consumer spending and the various factors that determine it. At the household or family level, these factors may include income, wealth, expectations regarding future income or wealth levels and risks, interest rates, age, education, and family size.

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marquis suites shows movies in a living room atmosphere with comfortable chair and food and beverage service it deliverately chares more than otehr theaters for ths ecpierence

Answers

The different pricing strategies are matched with the best scenarios below.

What are pricing strategies?When selling a product or service, a company can employ a number of pricing tactics. Senior executives must first assess the company's price position, pricing segment, pricing capacity, and competition pricing reaction strategy before determining the most successful pricing strategy for the company.

The scenario to the strategy it best illustrates is shown below:

1. When the Mays family went to Europe, they used a travel agent who worked out a trip that included airfare, hotels, and some tours all for one price.

Most Suitable Pricing Strategy: Bundling

2. Marquis Suites shows movies in a "living room" atmosphere with comfortable chairs and food and beverage service. It deliberately charges more than other theaters for this experience.

Most Suitable Pricing Strategy: Competition-based pricing

3. Chad is a do-it-yourself guy. He shops at Home Depot because, although they don’t usually run sales, he knows the store will offer the lowest price around on the tools he needs.

Most Suitable Pricing Strategy: Everyday low pricing (EDLP)

4. A major national retailer charges "full retail" for most of the lines it carries but runs "special sales" during which the company lowers its price.

Most Suitable Pricing Strategy: High-low pricing

5. When Walmart enters a new geographic area, the company undersells its more well-established competitors and eventually raises its prices once it has a loyal customer base.

Most Suitable Pricing Strategy: Penetration pricing

6. When Aaron was looking for mortgage lenders, he noticed that one major lender lowered their rates, and several others did the same within a few days.

Most Suitable Pricing Strategy: Price leadership

7. Larry Dietzel, a real estate agent, advised his clients to price their home at $199,900 when they listed with his agency.

Most Suitable Pricing Strategy: Psychological pricing

8. Overture Audio home theater systems can run as high as $100,000 but there are only a few companies offering the systems.

Most Suitable Pricing Strategy: Skimming price

9. Toyota’s approach to entering the U.S. market was to set a certain net profit margin, then determine what price the company had to offer to get Americans to buy its cars instead of domestic cars.

Most Suitable Pricing Strategy: Target costing

Therefore, the different pricing strategies are matched with the best scenarios.

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Complete question:

Decisions about pricing strategies should be set in conjunction with other marketing decisions about product design, packaging, branding, distribution, and promotion. All these marketing decisions are interrelated. Prices must be related to the cost of producing the product and prices are usually set somewhere above cost. But price and cost aren't always related. There are three major approaches to pricing strategy: cost-based, demand-based (target costing), and competition-based. Other pricing strategies include skimming price strategy, penetration strategy, everyday low pricing (EDLP), high-low pricing strategy, bundling, psychological pricing, and demand-oriented pricing. Match each scenario to the strategy it best illustrates.