The factors that can affect grades include:
Relationship with teachers.Interest level.Attendance.Quality of the teacher.Ability level.Parent's educationSince smoking is not a likely cause of poor grades, the reason why these results were observed will be that those good students can make better decisions about their health.
The "D” students who give up smoking will not improve their grades since the causation isn't shown.
It should be noted that several factors such as interest level, attendance, quality of the teacher, etc can affect the grade of a person.
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what is a Gantt Chart and how can one constuct it?
Answer:
A Gantt chart is constructed with a horizontal axis representing the total time span of the project, broken down into increments (for example, days, weeks, or months) and a vertical axis representing the tasks that make up the project (for example, if the project is outfitting your computer with new software, the major
my bunnies Lola (gray and white) and Sylvester (brown)
Answer:
cute
Explanation:
theyre so cute
Answer:
omg your bunnies are SO cute!
Explanation:
:D
1. Meaning of diversity and equal opportunity
Answer:
Equality is about ensuring everybody has an equal opportunity, and is not treated differently or discriminated against because of their characteristics. Diversity is about taking account of the differences between people and groups of people and placing a positive value on those differences.
Explanation:
Answer:
Explanation:
Diversity refers to the variety of characteristics, experiences, and perspectives that individuals bring to a group or organization. This can include differences in race, ethnicity, gender, sexual orientation, age, religious beliefs, abilities, and socio-economic backgrounds. The goal of promoting diversity is to create a positive and inclusive environment where everyone feels valued and respected, and where everyone has the opportunity to participate and contribute.
Equal opportunity refers to the equal treatment of all individuals, regardless of their differences. It means that everyone should have the same access to resources, opportunities, and benefits, without being subjected to discrimination, prejudice, or bias. The goal of equal opportunity is to create a level playing field where everyone has the same chances to succeed and reach their full potential, regardless of their background.
Together, diversity and equal opportunity form a key part of creating a fair and inclusive society, where everyone can thrive and contribute.
Deep Falls Timber has net sales of $642,100, net income of $50,800, dividends paid of $12,700, total assets of $658,000, and total equity of $444,400. What is the internal growth rate
Deep Falls Timber's internal growth rate is 8.57%.
How is the internal growth rate calculated?We can compute the internal growth rate of Deep Falls Timber by dividing the company's retained earnings by the average combined equity of all stockholders for the given accounting period.
The firm's internal growth rate shows the highest level of growth that the firm can achieve without obtaining outside financing,
Data and Calculations:Net sales = $642,100
Net income = $50,800
Dividends paid = $12,700
Retained earnings = $38,100 ($50,800 - $12,700)
Total assets = $658,000
Total equity = $444,400
Total liabilities = $213,600 ($658,000 - $444,400)
Total liabilities and equity - $658,000
The internal growth rate = Retained Earnings/Total equity
= 8.57% ($38,100/$444,400 x 100)
Thus, Deep Falls Timber's internal growth rate is 8.57%.
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Type the correct answer in the box. Spell all words correctly.
Nathan calculated his company's economic order quantity and categorized all production costs. One cost was related to the cost of storing milk
In the freezers, and another cost was related to the insurance expenses that covered the company's Inventory. To which cost category would
Nathan assign these costs?
Nathan would assign these costs to the
section of the economic order quantity.
HELP ASAP?!?
Based on the kind of costs they are, Nathan would assign them to the following sections of economic order quantity:
Cost of storing milk - Annual holding cost per unit.Insurance expenses - Fixed cost per order. What sections will the above costs fall under?The cost of storing milk would go to the Annual holding cost because this is where storage costs are catered for. Economic Order Quantity aims to minimize storage costs so these must be accounted for.
Insurance expenses are fixed costs which means that they will go to the fixed cost the company incurs for every order they make.
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Your interest rate is compounded annually ,beginning balance $1166.40 annual rate 8%, how much will you earn in interest alone?
You will earn $93.31 in interest alone.
To calculate the amount of interest you will earn, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount
P = the principal amount (beginning balance)
r = annual interest rate (in decimal form)
n = number of times interest is compounded per year
t = number of years
In this case, the beginning balance is $1166.40, the annual interest rate is 8%, and the interest is compounded annually.
First, we need to convert the annual interest rate to a decimal form by dividing it by 100: 8% / 100 = 0.08.
Next, we substitute the values into the formula:
A = 1166.40(1 + 0.08/1)^(1*1)
Simplifying the equation, we have:
A = 1166.40(1.08)
Now, we can calculate the final amount
A = $1166.40 * 1.08
A = $1259.71
To find the amount of interest earned, we subtract the principal amount (beginning balance) from the final amount:
Interest earned = $1259.71 - $1166.40
Interest earned = $93.31
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(−2,6) and (−12,2)? Write your answer in simplest form.
The addition of the decimal number that's given will be -14.8
How to calculate the decimals?It should be noted that decimal numbers are the numbers that have a whole number and the fractional part is separated by a decimal.
In this case, the addition will be:
= -2.6 + (-12.2)
= -2.6 - 12.2
= -14.8
In conclusion, the correct option is -14.8.
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You make $40,000 per year. You have been offered a promotion and a $5,000 raise per year. Your average federal income tax rate will go up from 10% to 15% per year. Should you take the new job and the raise?
Answer:
Yes, Accept the new Job and raise
Explanation:
With the old Job, the annual income is $40,000 and a tax rate of 10%.
The annual tax obligation is 10% of $40,000
=10/100 x $40,000
=0.1 x $40,000
=$4,000
Annual take home is $40,000 -$4,000
=$36,000
With the new salary, the tax obligation will be
Tax rate=15%
Salary =$45,000
=15/100 x $45,000
=0.15 x $45,000
$6,750
The new take home pay is $45,000- $,6750
=$38,250
With the new Job, the take-home pay increases from $36,000 to $38,250.
The new Job and raise should be accepted.
The shelf life of salmon is 2 days. You received a delivery of 55 lbs. You sell 30 lbs each day. What is your waste after 2
days?
a) 2 lb
b) 5 lb
c) Non waste because you ran out of salmon
in the short run, which of the following firms should attempt to produce where average costs are at a minimum in order to maximize profits or minimize losses?
a. perfectly competitive firm
b. a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
Answer: A perfectly competitive firm
Explanation:
kurt leased a small building and converted it into a hockey
Sally Smith decided to start a sea shell business. Her initial investment in the business consisted of $10,000 in cash. Record this transaction in the accounting equation of the new business by:
Based on the transaction that Sally engaged in, recording it will involve:
Debiting cash for $10,000.Crediting equity for $10,000.Recording Sally's transaction. The cash transaction is an investment which will be recorded in the Shareholder's Equity account. The investment came in cash so will go to the cash account.When cash is increased as was the case here, it should be debited. When equity increases as was the case here once more, it is to be credited.
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A student is setting up an experiment. The student has twenty identical young plants and will try to answer this question: How does the amount of water given to these plants each day affect how tall the plant will grow? Identify one condition, other than identical young plants, that should be held constant during the experiment.
Can a business succeed without having ALL four of the Factors of Production (Land, Capital, Labor and Entrepreneurs)? Why or why not?
PLS HELP ILL MAKE U BRAINLIEST
In a perfectly competitive market, state the condition (clearly) that causes firms to enter the market? When does the entry and exit of firms from the perfectly competitive industry end? (micro economic question)....write it in your own words :)
According to the textbook, in which medium do advertisers spend the most money in
the US?
TV
Radio
Newspapers
Internet
Magazines
Answer:
TV.
Explanation:
Advertising is understood to be any manifestation made by a company or seller in a public mass media, aimed at convincing individuals to consume the product that it produces and sells. Thus, all companies seek to capture market portions through the marketing of their products, where they make them known and generate expectations and needs in potential clients.
Nowadays, and since the 90's, the main advertising medium is television. Prior to this, radio, newspapers and magazines were at the forefront of advertising, until TV became a massive and common element in all American homes. Thus, companies guarantee their presence in every home by investing in television advertising.
Even so, in the near future it is estimated that it will be the internet where companies begin to advertise on a larger scale, given the displacement that this service is having over television.
Karla Tanner opens a Web consulting business called Linkworks and completes the following transactions in its first month of operations.
April
1 Tanner invests $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.
2 The company prepaid $9,000 cash for 12 months' rent for office space. (Hint: Debit Prepaid Rent for $9,000.)
3 The company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. Payment is due within 10 days.
6 The company completed services for a client and immediately received $4,000 cash.
9 The company completed a $6,000 project for a client, who must pay within 30 days.
13 The company paid $11,600 cash to settle the account payable created on April 3.
19 The company paid $2,400 cash for the premium on a 12-month insurance policy. (Hint: Debit Prepaid Insurance for $2,400.)
22 The company received $4,400 cash as partial payment for the work completed on April 9.
25 The company completed work for another client for $2,890 on credit.
28 The company paid $5,500 cash in dividends.
29 The company purchased $600 of additional office supplies on credit.
30 The company paid $435 cash for this month's utility bill.
Required:
Prepare Financial statements. (Income statement, statement of Retained earnings and Balance Sheet)
Answer:
Income Statement
Service Revenue $10,000
Less Expenses :
Utility Bill ($435)
Net Income / (Loss) $9,565
Statement of Retained Earnings
Opening Retained Earnings $0
Add Profit Earned During the Period $9,565
Less Dividends Paid ($5,500)
Closing Retained Earnings $4,065
Balance Sheet
Assets
Non - Current Assets
Office Equipment $34,000
Total Non-Current Assets $34,000
Current Assets
Office Supplies $4,200
Prepaid Rent $9,000
Accounts Receivable $3,110
Prepaid Insurance $2,400
Cash $57,955
Total Current Assets $76,665
Total Assets $110,665
Equity and Liabilities
Equity
Common Stock $106,000
Retained Earnings $4,065
Total Equity $110,065
Liabilities
Current Liabilities
Accounts Payable $600
Total Liabilities $600
Total Equity and Liabilities $110,065
Explanation:
First Record the Transactions as Follows ;
April 1.
Cash $80,000 (debit)
Equipment $26,000 (debit)
Common Stock $106,000 (credit)
April 2
Prepaid Rent $9,000 (debit)
Cash $9,000 (credit)
April 3
Office Equipment $8,000 (debit)
Office Supplies $3,600 (debit)
Accounts Payable $11,600 (credit)
April 6
Cash $4,000 (debit)
Service Revenue $4,000 (credit)
April 9
Accounts Receivable $6,000 (debit)
Service Revenue $6,000 (credit)
April 13
Accounts Payable $11,600 (debit)
Cash $11,600 (credit)
April 19
Prepaid Insurance $2,400 (debit)
Cash $2,400 (credit)
April 22
Cash $2,890 (debit)
Accounts Receivable $2,890 (credit)
April 28
Dividends $5,500 (debit)
Cash $5,500 (credit)
April 29
Office Supplies $600 (debit)
Accounts Payable $600 (credit)
April 30
Utility Bill $435 (debit)
Cash $435 (credit)
Then Determine Account Balances as follows :
Cash $80,000 - $9,000 + $4,000 - $11,600 - $2,400 + $2,890 - $5,500 - $435 = $57,955 (debit)
Office Equipment $26,000 + $8,000 = $34,000 (debit)
Common Stock =$106,000 (credit)
Prepaid Rent = $9,000 (debit)
Office Supplies $3,600 + $600 = $4,200 (debit)
Accounts Payable $11,600 - $11,600 + $600 = $600 (credit)
Service Revenue $4,000 + $6,000 = $10,000 (credit)
Accounts Receivable $6,000 - $2,890 = $3,110 (debit)
Prepaid Insurance = $2,400 (debit)
Dividends = $5,500 (debit)
Utility Bill = $435 (debit)
Manny gil is an enpernaur
Discuss the relationship between competition and consumer expectations.
Answer:
The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.
Explanation:
Question 5725
NEXT
BOOKMARK
5
Michael Arthur deposited $2,500 in a new regular savings account that earns 5% Interest compounded semiannually. He made no other deposits or withdrawals.
a) What was the amount in the account at the end of 1 year?
b) What is the compound Interest?
Answer:
The amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
Explanation:
Given that Michael Arthur deposited $ 2,500 in a new regular savings account that earns 5% interest compounded semiannually, and has made no other deposits or withdrawals, to determine what was the amount in the account at the end of 1 year and what is the compound interest the following calculations must be performed:
2,500 x (1 + 0.05 / 2) ^ 1x2 = X
2,500 x 1,025 ^ 2 = X
2,500 x 1.050625 = X
2,626.56 = X
2626.56 - 2500 = 126.56
Therefore, the amount in the account at the end of 1 year will be $ 2,626.56, and the interest generated will be $ 126.56.
If the elasticity of demand for college textbooks is -0.1, and the price of textbooks increases by 20%, how much will the quantity demanded change, and in what direction
Answer:
The quantity demanded will decrease by 2%.
Explanation:
This can be determined using the elasticity formula as follows:
e = Percentage change in quantity demanded change / Percentage change in price ........ (1)
Where;
e = elasticity of demand for college textbooks = -0.1
Percentage change in quantity demanded change = ?
Percentage change in price = 20%
Substituting the values into equation (1) and solve for Percentage change in quantity demanded change
-0.1 = Percentage change in quantity demanded change / 20%
Percentage change in quantity demanded change = -0.1 * 20% = -0.02, or -2%
Since the Percentage change in quantity demanded change is negative 2%, it implies that the quantity demanded will decrease by 2%.
La
ROLLING HILLS GOLF INC.
TRIAL BALANCE
SEPTEMBER 30, 2012
Unadjusted
Dr.
С
Cash
$ 6,700
Accounts Receivable
400
Prepaid Rent
1,800
Supplies
1.200
Equipment
15,000
Accumulated Depreciation-Equipment
Notes Payable
$ 5,000
Accounts Payable
1.070
Salaries and Wages Payable
Interest Payable
Unearned Rent Revenue
1,000
Common Stock
14.000
Retained Earnings
0
Dividends
600
Service Revenue
14,100
Rent Revenue
700
Salaries and Wages Expense
8,800
Rent Expense
900
Depreciation Expense
Supplies Expense
Utilities Expenses
470
Interest Expense
$35,870 $35,870
Adjusted
De
CE
$ 6,700
1,000
900
180
15.000
$ 350
5.000
1,070
600
50
800
14.000
0
600
14,700
900
9,400
1.800
350
1,020
470
50
$37,470 $37.470
Instructions
(a) Journalize the adjusting entries that were made.
(b) Prepare an income statement and a retained earnings statement for the 3 months ending September 30
and a classified balance sheet at September 30.
(c) Identify which accounts should be closed on September 30.
(d) If the note bears interest at 12%, how many months has it been outstanding?
Answer:
$ 350
Explanation:
What are the common barriers to communication?
purchased goods of rs 40000 journal entries
The journal entry for Rs. 40, 000 purchases would include a debit to purchases and credit to cash or accounts payable.
How to enter the journal ?The Purchases account is debited because the business has acquired goods, which is an asset. The Accounts Payable account is credited because the business owes money to the supplier for the goods.
Date Account title Debit Credit
XX -XXXX Purchases Rs. 40, 000
Accounts payable Rs. 40, 000
This journal entry will increase the balance of the Purchases account and the Accounts Payable account. The Purchases account will be used to track the cost of goods sold, and the Accounts Payable account will be used to track the amount of money owed to suppliers.
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SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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The worst crash rate involving fatalities is in the age group of drivers ...
A. ages 21 to 25.
B. ages 19 years old and younger.
C. ages 75 and older.
Answer:
The age group with the most fatal crashes is drivers between the ages of 25 and 34. There are nearly 1,000 more deaths per year among 25- to 34-year-olds than drivers under 25.
The age group with the worst crash rate involving fatalities is generally the 19 years and younger group. This is largely due to factors like inexperience and risk-taking behavior. However, statistics can vary and elderly drivers can also have higher crash rates.
Explanation:Based on statistical data, the age group with the worst crash rate involving fatalities is typically B. ages 19 years old and younger. This is often due to a combination of inexperience, risk-taking behavior, and lack of maturity. However, it's important to note that numbers can vary slightly depending on the region and the specific year being considered. It's also worth mentioning that older drivers, specifically those ages 75 and older, can also have higher crash rates due to factors such as declining health conditions and slower reaction times.
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The competitive threat that outsiders will enter a market is weaker when
The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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how do I calculate the gain on disposal of these assets
To calculate the gain on disposal of assets, you need to use the following formula:
Gain on disposal = Proceeds from disposal - Carrying amount of the asset (i.e. Cost of the asset - Accumulated depreciation)When an asset is sold, the company receives cash which is known as the proceeds from disposal.
The carrying amount of the asset represents the historical cost of the asset less accumulated depreciation on the asset over its useful life.
Suppose a company sells a machine for $20,000. The original cost of the machine was $30,000, and its accumulated depreciation is $10,000. Then, the gain on disposal of the machine will be:Gain on disposal = $20,000 - ($30,000 - $10,000) = $20,000 - $20,000 = $0
Therefore, in this case, there is no gain or loss on the disposal of the machine.
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1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $240,000 $195,200 Work in process 428,700 510,400 Finished goods 582,100 614,400 Line Item Description Amount Direct labor $3,200,000 Materials purchased during March 2,673,500 Factory overhead incurred during March: Line Item Description Amount Indirect labor 320,000 Machinery depreciation 213,000 Heat, light, and power 174,000 Supplies 36,100 Property taxes 30,000 Miscellaneous costs 48,200 Question Content Area a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31b. Determine the cost of goods sold for March.
a) The preparation of the Statement of Cost of Goods Manufactured for Firetree Manufacturing Company for the month ended March 31 is as follows:
Firetree Manufacturing Company
Statement of Cost of Goods ManufacturedFor the month ending March 31
Beginning WIP $428,700
Direct labor 3,200,000
Materials 2,718,300
Overhead 821,300
Ending WIP (510,400)
Cost of goods manufactured $6,657,900
b) The determination of the Cost of Goods Sold for Firetree Manufacturing Company for the month ended March 31 is as follows:
Firetree Manufacturing Company
Cost of Goods SoldFor the month ending March 31
Beginning Finished Goods $582,100
Cost of goods manufactured 6,657,900
Ending Finished Goods (614,400)
Cost of goods sold $6,625,600
What is the Cost of Goods Manufactured?The cost of goods manufactured consists of the beginning work in process, direct materials and labor, and overhead, less ending work in process.
Inventories March 1 March 31
Materials $240,000 $195,200
Work in process 428,700 510,400
Finished goods 582,100 614,400
Materials InventoryLine Item Description Amount
Beginning balance $240,000
Purchases 2,673,500
Ending balance (195,200)
Work in process $2,718,300
Work in processLine Item Description Amount
Beginning balance $428,700
Direct labor 3,200,000
Materials 2,718,300
Overhead 821,300
Ending balance (510,400)
Finished goods $6,657,900
Finished GoodsLine Item Description Amount
Beginning balance $582,100
Work in process 6,657,900
Ending balance (614,400)
Cost of goods sold $6,625,600
Factory overhead incurred during March:
Indirect labor $320,000
Machinery depreciation 213,000
Heat, light, and power 174,000
Supplies 36,100
Property taxes 30,000
Miscellaneous costs 48,200
Total factory overhead $821,300
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