The nature of demand suggests that option D, buyers desire to purchase less of it as its price rises.
Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income. Therefore, demand has an impact on both market expansion and economic growth.
Suppliers are eager to create more when the price rises. In general, demand is thought to slope downward since consumers tend to buy less when prices are greater. According to the law of demand, a lower price results in a bigger amount demanded whereas a higher price results in a lower quantity demanded. Tools used to characterize the relationship between quantity desired and price are demand curves and demand schedules.
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when betty crocker introduced its asian favorites and mexican favorites flavors of its helper line, it gave special offers to supermarkets to carry the new product and supplemented these offers with consumer advertising. betty crocker's primary objective is to
Betty crocker's primary objective is to facilitate reseller support.
Producers generally want to help resellers sell their products, and resellers expect producers to support their products. compete with promotional efforts
A reseller is a type of channel partner who acts as a go-between for companies that manufacture, distribute, or provide IT products or services and end users, who can be businesses or consumers.
Working with a reseller can also help you find products faster. A company that needs to buy multiple technology components can do so through a single reseller rather than approaching multiple manufacturers or service providers directly. Customers may be drawn to resellers by competitive pricing.
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sales variances assume that casio computer company, ltd. sells handheld communication devices for $100 during august as a back-to-school special. the normal selling price is $150. the standard variable cost for each device is $70. sales for august had been budgeted for 400,000 units nationwide; however, due to the slowdown in the economy, sales were only 375,000. compute the revenue, sales price, sales volume, and net sales volume variances.
Revenue variance = $22500000
Sales price variance = $18,750,000
Sales volume variance = $3,750,000
Net sales volume variance = $2,000,000
The gap between actual sales revenue and anticipated budgeted revenue is known as the sales variance. It comprises a pricing variation and a volume variance that measures the impact of a discrepancy between actual and anticipated sales volumes (the difference between the actual and budgeted selling price).
Revenue variance = Actual sales revenue - budgeted sales revenue
= $37,500,500 (375,000 units x $100) - $60,000,000 (400,000 units x $150)
= $22,500,000 U (because actual is worse than budget)
Sales price variance = (Actual price x Actual units) - (Standard price x Actual units)
= $37,500,000 - $56,250,000 (375,000 units x $150)
= $18,750,000 U
Sales volume variance = (Standard price x Actual units) - (Standard price x Standard units)
= $56,250,000 - $60,000,000 (400,000 units x $150)
= $3,750,000 U
Net sales volume variance = (Net standard price x actual units) - (Net standard price x standard units)
= ($80 ($150 - $70) x 375,000) - ($80 ($150 - $70) x 400,000)
= $30,000,000 - $32,000,000
= $2,000,000 U
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zoogle has the following selected data ($ in millions): (round your answers to 2 decimal place. enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) net sales $ 22,751 net income 6,430 operating cash flows 9,307 total assets, beginning 22,768 total assets, ending 31,497 required: 1. calculate the return on assets.
If zoogle has the following selected data. The company return on assets is 0.24.
How to find the return on assets?Using this formula to find the return on assets
Return on assets = Net income / Average total assets
Let plug in the formula
Return on assets = $6,430/ ($22,768 + $31,497)/2
Return on assets = $6,430/ ($54,265/2)
Return on assets = $6,430/$27,132.5
Return on assets = 0.24
Therefore the return on assets is 0.24.
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an increase in the price of gasoline shifts the demand for tires in which direction? a to the right, because an increase in the price of gasoline makes consumers poorer and thus not willing to pay as much for tires. b to the left, because gasoline and tires are substitutes. c to the right, because gasoline and tires are normally used together. d to the left, because gasoline and tires are normally used together. e to the right, because gasoline and tires are substitutes.
The correct answer for the given option is D (to the left, becuase gasoline and tires are normally used together)
What is substitute and complement?
Substitute is a product or service that can be easily replaced with another by consumers
Complement is a product or service that are consumed together
In this context, gasoline and tires are complements. If two goods are complements, then they will be having joint demand. The demand of one good will affect the other. So, when the gasoline price is increasing, then the demand of people buying cars will decrease and that means the demand of new tires will be lower than before.
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what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
suppose that you have just opened a new ford sales showroom and repair shop. which of your employees would be paid wages, which would receive salaries, and which would receive commissions?
it is a system where wages are paid on the basis of time spent by the workers on the job. The time spent may be in hours, days, weeks, or in months. Wages are to be paid per hour, per day, per week, or per month. Total wages are determined by multiplying the wages per unit of time by the total time spent on the job.
1. Service employees that include cashiers, and receptionists would be paid an hourly wage.
2. A salesperson would be paid a commission with an option for a weekly draw.
3. Repair technicians would be paid based on their billed labor hours.
4. Service writers would be paid a salary with a monthly bonus based on completed repairs.
5. Parts counter salesperson would be paid hourly plus a commission. Management would be paid a salary plus a bonus based on departmental performance.
“Wages” method all remuneration for private offerings, along with commissions and bonuses, and the coins price of all remuneration in any medium apart from coins.
salary and wages are each used to consult the cash paid to a person frequently for the paintings they do. expert people which include instructors are commonly paid a revenue. Their profits are the entire amount of cash that they are paid every 12 months, even though this is paid in twelve components, one each month.
Wages to be paid in current coin or forex notes-All wages will be paid in cutting-edge coin or foreign money notes or in both: [supplied that the business enterprise can also, after acquiring the written authorization of the hired character, pay him the wages both be cheque or with the aid of crediting the wages in his bank account.
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leaders who say what they think employees want to hear but whose behavior demonstrates that their own self-interests take precedence over the interest of their team could be described as
Pseudotransformational leaders are those who demonstrate that his own self-interests put before those of their team.
What do you mean by employee?An worker who is compensated to work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; individuals are not required to work comprehensive (the person or business that pays them).
Who are employees of a company?Employees are people who have been employed by their employer, often known as the person or company they work for, to execute tasks for them. According to the IRS, people are regarded as workers if the employer has control over the work done.
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you have to run the foreign currency valuation for both us gaap and ifrs, which leads to different values for the two different accounting principles. how can you set this up in the system?
There are a few ways to set up the system in order to run the foreign currency valuation for both US GAAP and IFRS. One way would be to create two separate accounting entries, one for each accounting principle. Another way would be to create a single entry that includes both the US GAAP and IFRS values.
If you are using a software program to manage your accounting, you may be able to set up the system to automatically generate the correct valuation for each accounting principle. For example, you could create a rule that says if the accounting principle is US GAAP, then the valuation should be calculated using the US GAAP rules. Similarly, you could create a rule that says if the accounting principle is IFRS, then the valuation should be calculated using the IFRS rules.
If you are not using a software program, you will need to manually calculate the valuation for each accounting principle. For US GAAP, you will need to use the exchange rate at the time of the transaction. For IFRS, you will need to use the exchange rate at the end of the reporting period.
There are a few ways to set up foreign currency valuation in a system:
1. Run the valuation for both US GAAP and IFRS separately. This will lead to different values for the two different accounting principles.
2. Set up a separate valuation for each accounting principle. This will ensure that the correct value is used for each principle.
3. Use a currency conversion factor to convert the values from one accounting principle to the other. This will ensure that the correct value is used for each principle.
4. Use a combination of the above methods to ensure that the correct value is used for each principle.
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during 2022, jasmine (age 12) received $7,200 from a corporate bond. she also received $740 from a savings account established for her by her parents. jasmine lives with her parents and she is claimed as a dependent in their tax return. assuming her parents' marginal tax rate is 24%, what is jasmine's gross tax liability? (use tax rate schedule, standard deduction.)
Assuming her parents' marginal tax rate is 24%, the Jasmine's gross tax liability is $0.
What is marginal?Marginal refers to the emphasis on the expense or benefit of the subsequent unit or person, such as the cost of producing an additional widget or the revenue generated by hiring an additional employee. When making decisions, businesses employ marginal analysis to optimize their potential revenues.The marginal theory contributes to a better understanding of human reasoning, behavior, subjective assessment, and effective market prices. Marginal explains the distinction between total utility and marginal utility.Understanding marginal helps businesses choose how to price their products more effectively.The additional rate to produce a new good is known as the marginal rate . Say, for illustration, that it costs $100 to produce 100 vehicle tyres. It would cost $80 to produce one more tyre. Therefore, this is the marginal.To learn more about marginal from the given link :
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minority, women, and disabled veteran-owned firms are accurately described by which of these? group of answer choices they often partner with larger firms in a diversity supplier role. they often operate at an economic advantage. they have a medium rate of business failure. they face limited competition from more established firms.
Minority, women, and disabled veteran-owned firms are accurately described by they often partner with larger firms in a diversity supplier role.
A company is considered a diverse supplier if it is at least 51% owned and run by someone or some group that has historically been underrepresented or underserved. Small businesses (SBEs), minority-owned businesses (MBEs), and woman-owned businesses are common categories. Businesses run by other underrepresented groups, including LGBQT people, veterans, and owners of disabilities, have increasingly been included in the definition of diversity over time.
The 1950s and 1960s civil rights movement served as a crucial foundation for the history of supplier diversity in the United States. After racial unrest erupted in Detroit in 1968, General Motors established what is known as one of the first supplier diversity initiatives. The majority of the American auto industry soon followed suit. Around this time, pioneers in the electronics sector like IBM started to implement supplier diversity programs. Public Law 95-507, which was later passed, created a program to encourage government contractors to integrate minority-owned companies into their supply chains.
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g which of the following controls will most likely prevent the concealment of a cash shortage resulting from the improper write-off of a trade account receivable? group of answer choices write-offs must be approved by a responsible officer after review of credit department recommendations and supporting evidence. write-offs must be supported by an aging schedule showing that only receivables overdue several months have been written off. write-offs must be approved by the cashier who is in a position to know if the receivables have, in fact, been collected. write-offs must be authorized by company field sales employees who are in a position to determine the financial standing of the customers.
Before approving write-offs, a responsible officer must first take into account the suggestions of the finance department and any pertinent facts.
A write-off is a legal accounting method that deducts funds from a liabilities account while also reducing the value of an asset. When seeking to account for unmet loan obligations, missing receivables, or loss on held items, businesses most often utilize it in the strictest sense.
Expenses incurred when running a business can be subtracted from profits utilizing business tax write-offs, which will ultimately reduce your tax liability. The precise calculation and recording of corporation tax write-offs will result from careful income tax planning and regular recordkeeping.
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a company believes it can sell 5,700,000 of its proposed new optical mouse at a price of $10.00 each. there will be $8,000,000 in fixed costs associated with the mouse. if the company desires to make a profit $2,000,000 on the mouse, what is the target variable cost per mouse?
The target variable cost per mouse is 4,300,000$ as per formula ; Profit = Sales - Variable Cost - Fixed Cost.
What are an example and a variable cost?Variable costs are those that alter as the volume changes. Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees. In some accounting accounts, the variable costs of production are called as "Cost of Goods Sold."
What exactly are variable and fixed costs?Fixed costs are expenses that, regardless of the volume of outputs, remain constant over time in accounting. Variable costs are those expenses that change directly in response to shifts in the volume or intensity of business activity.
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Anna purchases a wedding dress and takes the dress to jessica for alteration. Anna and jessica agree that anna will pay jessica $75 for the alterations. After jessica begins working on the dress, she has second thoughts. Jessica contacts anna and advises her that the alternations will cost $150 instead of $75. Because anna’s wedding is in just two weeks, anna reluctantly agrees. Once the alterations are completed, anna pays jessica the $75 originally agreed on. Is jessica entitled to the additional $75?.
Option A. No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Why is Jessica not entitled to the amount?
A contract record with the status value of APPR may be revised to make changes. Contracts without any recent revisions and with the status value of APPR are eligible for the Revise Contract action. When you change a contract, all of the information from the original copy is duplicated.
Contract lines, terms and conditions, related SLAs, commodities, permitted sites, and the contract number are all duplicated. No, Jessica is not entitled to the additional $75 once the revisions have been made in the example because the contract revision has already been paid for.
The modifications to the original contract might be listed in a letter that both parties must sign. A contract amendment can be generated using a template or from a provider of legal services. The original signed contract can have addendum pages at the end of it, either digitally or printed.
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Anna purchases a wedding dress and takes the dress to Jessica for alteration. Anna and Jessica agree that Anna will pay Jessica $75 for the alterations. After Jessica begins working on the dress, she has second thoughts. Jessica contacts Anna and advises her that the alternations will cost $150 instead of $75. Because Anna’s wedding is in just two weeks, Anna reluctantly agrees. Once the alterations are completed, Anna pays Jessica the $75 originally agreed on. Is Jessica entitled to the additional $75?
No, Jessica is not entitled to the additional $75 because there is no additional consideration for the revision to the contract.
Yes, Jessica is entitled to the additional $75 because Anna agreed to it, forming a valid contract.
Yes, Jessica is entitled to the additional $75 because the original contract contained insufficient consideration.
No, Jessica is not entitled to the additional $75 because contracts cannot be altered once the terms are agreed on.
to raise the funds for the major improvements needed at the funeral home, mort has talked to two investors about incorporating his business and selling them shares of stock in the company. mort is considering the use of multiple choice commercial paper. revolving credit. equity financing. debt financing.
To raise the funds for the major improvements needed at the funeral home.The use of equity financing occur.
Equity funding:Equity funding is when you raise money by dealing shares in your business, either to your being shareholders or to a new investor. This does not mean you must surrender control of your business, as your investor can take a nonage stake.
What's the purpose of equity financing?Equity backing is the process of raising capital through the trade of shares. Companies raise plutocrat because they might have a short- term need to pay bills or have a long- term thing and bear finances to invest in their growth.
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what is it called when machines, equipment. resources need to be productive. they must be used to make something (money is not a resource/factor of production).
Total productive maintenance keeps your machines running at their peak performance and aids in achieving equipment reliability.
What is Total Productive Maintenance equipment?Total Productive Maintenance (TPM), a comprehensive approach to equipment maintenance that aims for flawless production Zero breakdowns. No small stops, no running slowly. No flaws.To accomplish your work's goals and objectives, you must have all of your resources operating at peak efficiency. There is a method for doing this with equipment called complete productive maintenance (TPM). Total productive maintenance maintains your machines running at their peak performance and aids in achieving equipment reliability.Maintenance Methods Schedules for regular and periodic (time-based) preventive maintenance are included. When a problem is identified, corrective maintenance is carried out. Maintenance that is predetermined and adheres to a manufacturer schedule.To learn more about Total Productive Maintenance equipment refer to:
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a farmer wants to save on farming costs by cutting his farming staff in half. he is currently using a mix of flood and furrow irrigation. (5 points) propose a new irrigation solution that will meet the needs of the farmer. explain the reason for your selection. describe the unintended consequences for the potential solution.
The border irrigation approach will be a fine alternative for this.
What is border irrigation in agriculture?Border irrigation is a kind of floor irrigation the location the field is divided into strips separated via the use of border ridges running down the gradient of the field.
The place between the ridges is flooded for the length of irrigation
What is the gain of border irrigation?
If border irrigation can be used on self-discipline that is typically flood-irrigated, it can provide sure advantages: Less manufacturing area misplaced with border than with levees.
Improved capacity to irrigate small crops.
No want to repair or rebuild the border between irrigations.
The specific 5 types of irrigation include- sprinkler irrigation, surface irrigation, drip irrigation, sub-irrigation, and manual irrigation.
Therefore, the border irrigation approach will be a fine alternative for this.
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g the allowance for doubtful accounts a. is a contra-revenue account. b. is credited (increased) when a company writes off accounts receivable. c. is credited (increased) when a company recognizes bad debt expense. d. is an expense account.
A contra-revenue account is a provision for dubious accounts. The right response in this case is option A.
Because it lowers the value of an asset in this example, the accounts receivable the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's best guess as to how many accounts receivable customers will not pay.
You must include the cost of creating an allowance for doubtful accounts on your company's balance sheet. Record it as an expense on your income statement if the dubious debt ultimately turns out to be a bad debt.
Contra assets, as opposed to the part on current assets, is where allowance for dubious accounts belongs. The balance of a contra-asset account will either be zero or negative.
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bryce earned the trust and respect of his employees by consistently modeling the kinds of behaviors that he expects from them. what type of power does bryce possess?
“Leadership demonstrating and promoting 'normatively appropriate conduct through personal actions and interpersonal relations'” is the definition of ethical leadership.
This really means that putting people in management and leadership positions who will promote is the definition of ethical leadership.
What kind of power is there in each person, regardless of where they sit in an organization?personal power The individual is the source of personal power, regardless of the position they hold. position power resides in the position, no matter who holds it. power is the potential for a single individual or group to exert control over another individual or group.
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on october 1, 2017, dew company placed a new asset into service. the cost of the asset was $80,000 with an estimated eight-year life and an $8,000 salvage value. assuming a year-end of december 31, what is the depreciation expense for 2017 if dew company uses the straight-line method of depreciation?
The depreciation for dew company for the year 2017 is $2250
The simplest way to determine depreciation over time is through straight-line depreciation. According to this method, an asset's value is reduced by the same amount for each year that it is in use. The "straight line" is literally a straight line from the asset's initial cost to the point at which it has reached salvage value if the asset's value were to be plotted over time.
Cost of asset = $80000
Salvage value = $8000
Estimated life = 8 years
Annual depreciation = Cost - Salvage value/Estimated life in years
= 80000 - 8000/8
= 72000/8
= $9000
Depreciation from October 1, 2017 to December 31, 2017 is calculated for 3 months
Therefore,
$9000*3/12
= $2250
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what are the typical requirements for a new business to obtain a city or county business license? (check all that apply.)
To allow businesses to function, the government of a particular municipality or state issues licences and permits. Business licences safeguard the public's health and safety by holding companies responsible for their actions and behaviour.
The businesses level of expertise and knowledge that a particular professional possesses is demonstrated by their professional licences. A business licence is required in India for a specific person to launch a business. This is a crucial document that the local council has produced. A business licence is a permit given to companies by a government agency allowing them to operate in a certain location. The federal, state, or local governments may issue them.
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when in a hurry to complete a project where time is of the essence, and rework is possible, which method of reducing project duration is most appropriate? multiple choice question.
When in a hurry to complete a project where time is of the essence, and rework is possible, the most appropriate method of reducing project duration is to Do it twice-fast and correctly.
Project management is the process of planning, organizing, and controlling resources to achieve specific goals within time. A project is a temporary endeavor with a defined beginning and end.
Project management is the application of knowledge, skills, tools, and techniques to project activities to meet project requirements. Project management is a critical skill for any organization. It helps to ensure that projects are completed within duration, budget, and to the required standards.
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in the most recent collective bargaining agreement (cba) the nfl/nflpa agreed to a 17-game season. the length of the season falls under which provision of the cba?
The NFL Players Association and the league were able to agree on the extra game in part because of what was taken away. The 17th game will result in the elimination of one preseason game.
How long is the season according to the CBA?The current collective bargaining agreement was approved in 2020 and runs through the 2030 season. It makes adjustments to how league revenue is distributed, increases in player benefits and health and safety enhancements, increases in active roster and practice squad limits, and increases in regular-season game play.CBAs frequently include clauses addressing pay, leave, working conditions, and employee benefits. The labor union enforces these rules to guarantee that workers are treated properly.On February 21st, 1968, the first Basic Agreement was signed. After a 99-day lockout, the most recent Agreement, which will remain in effect until December 2026, was finally signed on March 10, 2022.To learn more about CBA refer to:
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ray and gina own shares of stock in a number of different companies. none of their holdings are very large. because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are. a. true b. false
The statement 'Ray and Gina own shares of stock in a number of different companies. None of their holdings are very large. Because they make their own investment decisions, they are not as dependent on the board of directors to represent their interests as the large-block shareholders are' is false.
When you hold stock in a company, whether it be of low value or high value' you have to go along with the board of directors of the company. You cannot make a decision on your own without getting approval from the board of directors.
In the case above, although Ray and Gina might be having a small share of stock in different companies, they are still entitled to be dependent on the board of directors as much as the large-block shareholders are.
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A corporate officer is liable to the corporation or its shareholders for a bad business decision. True or false?.
The answer is FALSE, a corporate officer is NOT liable to the corporation or its shareholders for a bad business decision.
What is corporate officer?
Corporate officers are the agents through which the board of directors acts. The board makes the decisions and designates the officers to execute them.
Why is corporate officer is not liable for a bad business decision to the corporation or the shareholders?
As mentioned above, officers will execute anything that is being designated to them by the board. The board here will consists of board of directors and they are the one who will able to control the corporation.
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how has the revolution in computers changed the way workers do their jobs? provide at least one specific example
The computer revolution altered because it led to an increase in the usage of computers in the workplace.
What exactly is the computer revolution?The Digital Revolution (also known as the Third Industrial Revolution) is the transition from mechanical and analog electronic technology to digital electronics that began in the latter half of the twentieth century with the adoption and proliferation of digital computers and digital record-keeping and continues to the present day.
Implicitly, the word also refers to the dramatic changes brought about by digital computing and communication technologies during this time period. The Digital Revolution, comparable to the Agricultural Revolution (Neolithic) and the First Industrial Revolution (1770-1840), signaled the start of the Information Age.
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As the south’s economy moved toward reliance on a single crop, cotton, slave workloads increased because?.
Slaveholders raised productivity expectations as they invested more cash in land and labor. The first economic advantage of sla-very is appreciated quickly: you get employment in exchange for no pay.
Sla-very is inefficient. The economy, in a way that ret-ards innovation and capital accumulation. And slave labor provided the stuff for brand-spanking new England's textile mills, stimulating the nation's early industry.
Some slaveholders tried and true this case by liberating slave laborers; way more determined to sell them. Though slavery was extremely profitable, it hurt the southern economy.
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oppenheimer beet processors, incorporated, processes sugar beets in batches. a batch of sugar beets costs $59 to buy from farmers and $21 to crush in the company's plant. two intermediate products, beet fiber and beet juice, emerge from the crushing process. the beet fiber can be sold as is for $35 or processed further for $27 to make the end product industrial fiber that is sold for $47. the beet juice can be sold as is for $55 or processed further for $35 to make the end product refined sugar that is sold for $81. what is the financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is?
The financial advantage (disadvantage) for the company from processing the intermediate product beet juice into refined sugar rather than selling it as is $9.
Revenue after processing into refined sugar = $81
Revenue if sold as is = $55
Incremental revenue = Revenue after processing into refined sugar -
Revenue if sold as is
∴ Incremental revenue = $81 - $55 = $26
Processing costs = $35
Incremental income(loss) = Processing costs - Incremental revenue
∴ Incremental income(loss) = $35 - $26 = $9
The profit generated by a rise in sales is known as incremental revenue. It can be used to calculate the extra revenue brought in by a specific product, investment, or direct sale from a marketing campaign when sales volume has increased.It's common to compare incremental revenue to product cost. To turn a profit, businesses have to ensure that incremental revenue outweighs incremental expense for each product. Incremental revenue is primarily used by businesses to examine overall profit margins because it does not take overhead expenses into account.Learn more about Incremental revenue, here
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which cost of quality category includes performing audits to confirm that the quality system is operating properly? which cost of quality category includes performing audits to confirm that the quality system is operating properly? prevention costs external failure costs internal failure costs appraisal costs
The appraisal Cost of the quality category includes performing audits to confirm that the quality system is operating properly. Option(d) is correct.
Cost of quality refers to a system that enables an organization to assess how much of its resources are allocated to operations that avoid subpar quality, evaluate the quality of the firm's goods and services, and are caused by both internal and external failures.
Costs of appraisal are related to quality monitoring and measurement activities. These expenses relate to the suppliers' and clients' verification of the specifications compliance of the materials, procedures, goods, and services they have purchased.
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6. many subcultures make up important market segments. examples of three such important subculture groups include hispanic americans, african americans, and asian americans. describe the general shopping-related characteristics of each of these groups.
Branded, higher-quality products are more popular with Hispanic consumers than generics.
Perhaps even more significant is the fact that Hispanics are extremely brand-adherent and favor businesses that specifically target them. Compared to other demographics, African American consumers are more price-conscious; Quality and choice also strongly motivate them. African Americans appear to be more fashion-conscious and enjoy shopping more than other ethnic groups. Asian Americans are the most affluent demographic in the United States and the second-fastest-growing subculture of the population, after Hispanics.
Of all the ethnic groups, Asian Americans are the most brand-conscious and tech-savvy. Financially, older consumers are better off than younger ones. Travel, restaurants, high-tech home entertainment products, convenient services, financial services, and healthcare services would thrive in this market.
What kind of customers do Hispanics target?Include the culture of Hispanics in your marketing efforts.
You can, for instance, use a single Hispanic flag, incorporate cultural music, and incorporate imagery from Spanish-speaking nations. Your marketing can be more successful if you do more to connect your brand to the beautiful Hispanic culture.
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industries average total assets for the year are $4018000, its net income is $843780, and its net sales are $1031000. what is the return on assets? g
Given industries average total assets = $4018000
net income = $843780
net sales = $1031000
Return on Assets= Total Assets/ Net Income
Hence, The return on assets will be 21%.
What is Return on Assets (ROA)?
A financial ratio known as return on assets (ROA) measures a company's profitability in relation to its total assets. ROA can be used by corporate management, analysts, and investors to assess how effectively a company uses its resources to make a profit.
The metric is frequently represented as a percentage using the net income and average assets of a corporation. A company's ability to manage its balance sheet to produce profits is more effective and efficient when its ROA is higher; on the other hand, a lower ROA suggests there is potential for improvement.
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