Answers
The spot rate today, given the inventory cost from the Indian Manufacturer, and the dollar cost, is Rs. 42. 3850.
What is the spot rate ?The price quoted for immediate settlement on an interest rate, commodity, security, or currency is known as the spot rate. The current market value of an asset that is available for immediate delivery at the time of the quote is known as the spot rate, commonly referred to as the "spot price."
This value is then determined by the price that buyers are willing to pay and the price that sellers are willing to accept. These two values are typically determined by a combination of factors, such as the present market value and the anticipated future market value.
The quantity of buyers and sellers of the relevant item typically has an impact on the spot price.
The spot rate here can be found to be :
= Inventory Cost in Rupees / Dollar Value of Purchase
= 5, 325, 000 / 125, 634.07
= Rs. 42. 3850
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Related Questions
help with the blank lol
Answers
Africanisation (how will you incorporate the learners culture or heritage into the contemporary socio-economic issues lesson
Answers
By incorporating culturally relevant examples, guest speakers, local data, cross-cultural comparisons, a multilingual approach, and artistic expressions, we can incorporate learners' culture or heritage into the contemporary socio-economic issues lesson.
To incorporate the learners' culture or heritage into a contemporary socio-economic issues lesson, it is important to create a culturally responsive and inclusive learning environment that recognizes and values the African context. Here are some strategies to achieve this:
Culturally Relevant Examples: Use examples and case studies from African countries or communities that relate to the socio-economic issues being discussed. This helps students connect with the content on a personal and cultural level, fostering engagement and understanding.
Guest Speakers and Community Involvement: Invite guest speakers from diverse African backgrounds who can share their experiences and perspectives on the socio-economic issues being studied. This provides authentic and firsthand insights into how these issues manifest in different African contexts.
Local Data and Research: Incorporate local data and research from African sources to illustrate the impact of socio-economic issues. This helps students see the relevance of these issues within their own communities and promotes a sense of ownership and empowerment.
Cross-Cultural Comparisons: Encourage students to explore and compare socio-economic issues between African countries, as well as with other regions of the world. This broadens their perspective, promotes critical thinking, and encourages understanding of global interconnections.
Multilingual Approach: Recognize and embrace the diversity of languages spoken by students. Incorporate key terms, discussions, and resources in various African languages, ensuring that students can engage with the content in their native languages and feel valued.
Art, Music, and Literature: Incorporate African art, music, and literature that address socio-economic issues. This helps students explore these topics through creative expressions that resonate with their cultural heritage.
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When a product is a ______, the more ______ its demand.
Answers
Answer:
oil
Explanation:
what's the context, what are the possible options for input?
The way you have the question now is super vague and unanswerable
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Answers
By comparing prices at different stores, consumers will:
Answers
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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What are the steps in conducting a market research?
Answers
Answer:
The marketing research process involves six steps:1: problem definition, 2: development of an approach to the problem, 3: research design formulation, 4: data collection, 5: data preparation and analysis, and 6: report preparation and presentation.Explanation:
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!!!!! WORTH 100 POINTS !!!!!
_________________________________________________________
OBJECTIVES:
What is the advantages and disadvantages of credit?
Name the places where you can get credit.
List 3 main types of charge accounts.
Answers
One of the advantage of credit is: Credit can help you to pay for expenses in a case of unforeseen or unexpected circumstance.
What is credit?Credit can be defined as borrowing money from a lender in which you are expected to pay at a due date
Advantage of credit:
Credit can help you to pay for expenses in a case of unforeseen or unexpected circumstanceCredit tend to have loan interest rate.Convenient.It enables you to obtain things right away.It enables you to establishes a good credit rating.Disadvantage of credit:
It can lead to high-interest rates if not paid at the expected due date.Fee charged for delay in payments.It is easy to misuse.It can lead to higher temptation.It can lower credit rating.Name of places where you can get credit are:
BanksSavings and Loan InstitutionsCredit Unions etcThe 3 main types of charge accounts are:
RegularRevolvingBudgetTherefore One of the advantage of credit is: Credit can help you to pay for expenses in a case of unforeseen or unexpected circumstance.
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Which stage of the product development cycle first involves a deep look into whether the demand is high enough to make the product profitable? A. test market B. financial analysis C. commercialization D. idea evaluation
Answers
Answer:
b
Explanation:
Helena Furnishings wants to sharply reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle?
A. The company increases its average inventory without increasing its sales.
B. The company reduces its DSO.
C. The company starts paying its bills sooner, which reduces its average accounts payable without reducing its sales.
D. Statements a and b are correct.
E. All of the statements above are correct.
B
Statement a is false. If inventory increases, and sales do not, more cash is being "tied up" in inventory so the cash conversion cycle is increased, not reduced. Statement b is true. If the company reduces its DSO, it is collecting its accounts receivables more efficiently, so it reduces the cash conversion cycle. Statement c is false. If the company pays its bills sooner, it uses its cash to pay off accounts payable, and this increases its cash conversion cycle.
Answers
Helena Furnishings wants to sharply reduce its cash conversion cycle.
Statement a is incorrect. If inventory rises but sales fall, more cash is "tied up" in inventory, causing the cash conversion cycle to lengthen rather than shorten.
Statement b is correct. When a firm reduces its DSO, it collects its accounts receivables more effectively, resulting in a shorter cash conversion cycle.
Statement c is incorrect. When a corporation pays its invoices on time, it spends its cash to pay down accounts payable, which lengthens the cash conversion cycle.
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Explain in detail the difference between the United States government's budget deficit versus the national debt.
Answers
Answer:
The debt is the total the U.S. government owes—the sums it borrowed to cover last year's deficit and all the deficits in years past.
Explanation:
How would you describe the general concept of business? What are the characteristics of businesses and the world of business? Identify at least three characteristics of business and briefly explain each.
Answers
The general concept of the business is the without risk no gain profit.
There are characteristics of businesses and the world of business are:
Buying and SellingContinuous processProfit MotiveThere are three characteristics of the business are:
Customer satisfaction.Creative and Dynamic.Economic activity.What is business?The most of the business are the used this extemporaneous style of speaking is chance to the employer and employee to the participation of the answering the question about the current project and business policies.
The main concept of the business is they earn profit and the risk in the business.
There are the important characteristics are the world of business is the process of the buying and the selling, it was the never ending process, the main motive is the earn profit.
There are the three characteristics of the business are:
Customer satisfaction:- Customer are the satisfy the goods and the services. Creative and Dynamic:- The business are the dynamic to the change of external factors.Economic activity:- The production and the distribution based.As a result, the significance of the business are the aforementioned.
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38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
Answers
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $63,000 loan at 8.5% for 24 months. What is his monthly payment by table lookup? (Use Table 14.2)
Note: Round your answer to the nearest cent.
Answers
If he was offered a $63,000 loan at 8.5% for 24 months. His monthly payment by table lookup is : $3071.
What is monthly payment?Monthly payment can be defined as the amount a person received on a monthly basis.
First step is to convert the month to year
Month to year = 24 / 12
Month to year = 2 years
Second step is to find the interest using this formula
I = P × R×T
Where:
I = Interest
P = Principal
R = rate
T = time
Hence
I = 63,000 × 2 × 8.5%
I = 10,710
So,
P+ I = 63,000 + 10,710
P+I = 73,710
Now let find the monthly payment:
Monthly payment = 73,710 / 24 months
Monthly payment = $3,071.25.
Monthly payment = $3,071 (Approximately)
Therefore the monthly payment is the amount of $3071
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Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
Answers
The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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1. You deposit $1 in a 7 percent account. You want to know how much money you
will have at the end of year 7.
Answers
The money that will be in account would be $8.680
Here, the deposits which are thus made in the account represent an annuity pattern as the deposits made are of a constant amount. They are are made after equal interval of time and are for a defined time period.
Thus, in order to calculate the value of money that we will have after the end of 7 years, we will use the formula for the future value of annuity.
The formula for the future value of annuity is used below.
FV = $1 * [ (1+0.071)^7 - 1 / 0.071 ]
FV = $8.680
Hence, the money that will be in account would be $8.680
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Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
Answers
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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Mark Adler earned $1,963.71 salary per month as an assistant technician at a recording studio. His new job pays $9.80 per hour with time and a half for all hours over 40 hours per week. How many hours of overtime per week will he have to work to earn the same amount per week at his current job?
Answers
Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.
Word problems in algebra?Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.
In Mark Adler's current job, it was noted that he earns $1963.71 per monthHowever, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.
It implies that if he works for over 40 hours per week, he gets paid at the rate of:
\(\mathbf{= 9.80 + \dfrac{9.80}{2}= \$14.7/h}\)
For 40 hours, he will make 40 hr × $14.7 / hr = $588
Therefore, to make the same amount per week at his current job, he has to work for:
\(\mathbf{= \dfrac{\$1963.71}{\$14.7}}\)
= $133.59 hours
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in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
Answers
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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TopKnotch Mfg. Co. has a production cost of $280. It sells its product to a wholesaler for $400. The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.
A. What is the retailer’s markup percentage on selling price?
•
B. What is the wholesaler’s markup percentage on selling price?
•
C. What is the manufacturer’s markup percentage on cost?
Answers
Answer: 50%, 40%
Explanation: A. What is the retailer’s markup percentage on selling price?
Selling price – cost/Selling price X 100 so 1000-500=500/1000 =.5 X 100 = 50%
B. What is the wholesaler’s markup percentage on selling price? 1000-400/1000 X 100 = 40%
A. The retailer's markup percentage on selling price is 100%.
B. The wholesaler's markup percentage on selling price is 25%.
C. The manufacturer's markup percentage on cost is approximately 42.86%.
A. Retailer's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $1,000 - $500
= $500
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($500 / $500) * 100
= 100%
B. Wholesaler's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $500 - $400
= $100
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($100 / $400) * 100
= 25%
C. Manufacturer's Markup Percentage on Cost is calculated as follows:
Markup = Selling Price - Production Cost
Markup = $400 - $280
= $120
Markup Percentage = (Markup / Production Cost) * 100
Markup Percentage = ($120 / $280) * 100
= 42.86%
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Assessment question #8
Which statement would be appropriate when performing testing over a deferred (temporary difference) balance?
Answer the question, then select Confirm
A. The deferred balance related to the bad debt provision agrees directly to the trial balance, so no further testing would be deemed
necessary.
B. The deferred balance related to accrued salaries and wages agree directly to the trial balance, so no further testing would be
deemed necessary.
C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed
necessary.
D. The deferred balance related to goodwill agrees directly to the trial balance, so no further testing is deemed necessary.
Confirm
Answers
The statement that would be appropriate when performing testing over a deferred or the temporary difference balance will be C. The deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.
What is a deferred balance?The whole amount of the income statement effect is represented by the deferred tax balance on the balance sheet. In the temporary difference approach, the difference between the tax base and asset's accounting carrying value is used to determine the deferred tax balance.
By contrasting the carrying value of an asset or liability with its tax base, the temporary difference arising in respect of that asset or liability is determined. Temporary discrepancies that are taxable result in deferred tax liabilities
In this case, when performing testing over a deferred or the temporary difference balance will be that the deferred balance related to depreciation agrees directly to the trial balance, so not further testing would be deemed necessary.
In conclusion, the correct option is C.
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00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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le_US_Sales2
Assisting Customers with Back-ordered Items-your
CuStoMer ordered a teal dress that will not be
avajlable until late next month. A similar green
dress is in Stock now. What do you do?
Select one:
Answers
Given that the order of this customer is not going to be available until late in the next month, the best thing to do is to notify the customer.
Why you should notify the customerThe main reason why you have to notify this customer is so that they can make a choice on whether they want a different dress or not.
Shipping a dress that was not their choice may cause an issue. Also it would help to know if this customer would want a refund or not.
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The following pie chart summarizes the results of a survey given to airlines about the primary reason for flight delays. Which of the following statements is supported by the pie chart?
Answers
B More delays were caused by weather than by all other reasons combined is supported by the pie chart.
We will analyze all the options given here.
First option says that the reason was runaway closure which is incorrect because it accounts for only 8% which is less than 70% of weather an we have to see the maximum reason.
Second option is correct as the combined reasons form a total of 30% which is less than 70% of weather. Hence, this option is correct. All other options are also false because they account for even less than 50% of delay reasons and only the second option is the valid one.
A pie chart is a circular statistical visual divided into slices to show numerical proportion. The arc length of each slice in a pie chart is proportionate to the quantity it shows.
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Correct question:
Which of the following statements is supported by the pie chart?
A The reason given most frequently was runway closure.
B More delays were caused by weather than by all other reasons combined.
C. More delays were caused by runway closure than were caused by overbooking.
D. Overbooking and runway closure accounted for greater than one-fourth of the reasons given for flight
delays.
E. The combined percentage for other and runway closure was equal to the percentage for overbooking.
Janelle is into running. As soon as she gets home from work at the hospital, she changes into her running clothes, puts on her high-quality running shoes, and goes outside to run. When her schedule permits it, Janelle participates in 5K runs to raise money for children's charities. She has met many friends who are also involved in running. The running groups that Janelle is involved with are examples of _______. a. income segmentation b. benefit segmentation c. geodemographic segmentation d. lifestyle segmentation
Answers
Answer:
d. lifestyle segmentation
Explanation:
Segmentation is the way in which various criteria is used to seperate the target market of a set of products.
In the given instance Janelle is involved in a lifestyle segment that is categorised on the basis of similar lifestyle.
She likes to run. This is a type of lifestyle, so the groups that she is involved with that also like running are an example of a lifestyle segmentation
Based on the following information from ABC Company's financial analysis, which one of the following statements is NOT true?
Ratio year1 year2 year3 year4 year5
Debt to equi 0.05 0.05 0.01 0.01 0.01
Net profit ratio 15.9% 18.6% 17.5% 19.6% 21.3%
payable turnover ratio 9.75 10.63 11.24 13,15 13.52
Inventory turnover ratio 6.31 5.76 7.28 10.53 15.36
Gross profit ratio 58.3% 52.3% 46.9% 49.5% 41.3%
Net profit ratio 13.2% 15.2% 14.1% 15.9% 16.4%
Current ratio 7.35 4.96 3.28 2.65 3.14
A. The cost of goods sold has been increasing over the five years.
B. The company has very little debt and maybe underleveraged
C. The company's ability to cover its short-term obligations is getting higher over the five years.
D. The company is selling their inventory faster over the five years.
Answers
Answer:
ABC Company
Financial Analysis:
A. The cost of goods sold has been increasing over the five years.
Explanation:
The gross profit ratio was 58.3% in year 1 and continued a downward spiral to 41.3% in year 5. This depicted an underlying fact that the cost of goods sold had been increasing over the years. The cost of goods sold influences the gross profit, and with the sales value remaining stable over the years, the ability of the company to generate enough profit out of its sales had been impaired greatly. Fortunately, for ABC Company, the increasing cost of goods sold did not increase alongside the fixed costs of running the business. This resulted to an increasing net profit ratio over the same period.
Based on the financial analysis given above, an untrue statement would be that C. The company's ability to cover its short-term obligations is getting higher over the five years.
A company's ability to cover its short term obligations is shown by the Current ratio.
A higher current ratio means that a company can use its short term assets to cover its short term obligations.
ABC Company's current ratio decreased consecutively for 4 years which means that their ability to cover short term obligations got lower.
In conclusion, option C is correct.
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Do you think Economics is a Science or not? If it is so, what makes economics a science?
Answers
Answer:
Although some detractors of the discipline contend that economics does not meet the criteria of a science due to a variety of factors, including a lack of testable hypotheses, a lack of consensus, and inherent political undertones, the field is usually accepted as a social science. Despite these objections, all social sciences combine qualitative and quantitative elements, and economics is no exception.
Explanation:
Economics is concerned with the operation and conduct of an economy and its actors. Economics is the study of the production, distribution, and consumption of products and services by people and corporations. The distribution of resources by firms and governments to meet the demands and needs of customers is another issue covered by economics.
The study of the efficiency surrounding production and the exchange of products as a result of incentives and policies that are intended to maximise efficiency is one of the main areas of concentration in economics.
Macroeconomics, which is concerned with the whole economy, is one of the two areas into which economics is traditionally divided. The second group is microeconomics, which is concerned with particular customers and companies.
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“Every agreement and promise enforceable at law are a contract”
There are different types of Contracts based on enforceability, formation, and performance. Explain all the types with examples.
Answers
Answer:
Explanation:
Contract:- A contract is an agreement between two or more parties. It is a written or legal agreement.
Thus for the formation of a contract, there must be-
a) an agreement
b) the agreement should be enforceable by law
All agreements are not enforceable by law and therefore, all agreements are not contracts. Some agreements are not enforceable by law.
Classification of Contracts
According to validity
Valid Contract
Illegal Contract
Void Contracts
Unenforceable Contract
According to Formation
Expressive Contract
Implied Contract
Quasi Contract
E-Contract
According to Performance
Executed Contract
Executory Contract
Unilateral Contract
Bilateral Contract
Valid Contract - Enforceable by a court of law
Void Contract - Not enforceable by a court of law
Illegal Contract - Void and forbidden by law
Unenforceable contract - Not enforceable by a court of law due to some technical error in the contract.
Express Contract - The contract is expressed through words whether oral or written
Implied Contract - When a contract is created by action or implication of law
Quasi Contract - The contract is expressed through words whether oral or written
E- contract - The contract is expressed through words whether oral or written.
Executed Contract - Performance did on part of all parties
Executory Contract - Performance is pending by one or more parties
Bilateral Contract - Performance is pending by both parties
Unilateral Contract - Performance is pending by one party
do Businesses operate separately from society as a whole.
Answers
Businesses do not operate separately from society as a whole. In fact, businesses are an integral part of society and their operations can have significant impacts on various aspects of society, including the economy, the environment, and social issues.
Firstly, businesses are a key contributor to the economy of a society. They generate income, create jobs, and drive innovation, which in turn fuels economic growth and development. The success of businesses is closely tied to the health and well-being of the economy, and vice versa.
Secondly, businesses can have significant impacts on the environment. Their operations can result in pollution, depletion of natural resources, and other negative environmental effects. As such, businesses have a responsibility to operate in a sustainable manner, reducing their environmental impact and promoting sustainable practices.
Thirdly, businesses can also have an impact on social issues such as inequality, discrimination, and human rights. For example, businesses may choose to operate in a way that promotes diversity and inclusivity, or they may take steps to ensure that their operations do not contribute to human rights abuses or other negative social impacts.
In conclusion, businesses are an important part of society and their operations are closely interconnected with various aspects of society. As such, businesses have a responsibility to operate in a way that takes into account their impact on society as a whole, including the economy, the environment, and social issues. This is why many businesses are increasingly adopting corporate social responsibility (CSR) policies and practices, which aim to ensure that their operations are sustainable, socially responsible, and contribute positively to society.
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Job XYZ has a total manufacturing cost of $600. If the mark-up percentage is 40%, the job will sell for_______ $.
Answers
Answer: $840
Explanation:
From the question, we are informed that Job XYZ has a total manufacturing cost of $600 and that the mark-up percentage is 40%.
The amount that the job will sell for will be:
= $600 + ($600 × 40%)
= $600 + ($600 × 0.4)
= $600 + $240
= $840