It's difficult to make a broad generalization about college students compared to high school graduates who are working full time, as there are many individual factors that can impact their behaviors and preferences.
However, there are some trends that marketers may take into consideration when targeting college students.
First, college students may have more disposable income than high school graduates who are working full time. This is because college students may receive financial support from their parents or through scholarships, grants, or loans.
They may also work part-time jobs while in school, which can provide additional income. This disposable income may be spent on various consumer goods and services, such as clothing, electronics, entertainment, and travel.
Second, college students may be more open to trying new products and services, as they are often in a phase of life where they are exploring new interests and developing their own identities. This makes them a prime target for new product launches, promotions, and marketing campaigns.
Third, college students may be more digitally connected than high school graduates who are working full time. They are likely to be heavy users of social media, online shopping, and mobile devices, and may prefer to receive marketing messages through these channels.
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the accounts in the ledger of seaside furniture company as of august 20y5 are listed in alphabetical order as follows. all accounts have normal balances. the balance of the cash account has been intentionally omitted. line item description amount accounts payable $40,050 accounts receivable 80,050 cash ? common stock 156,900 dividends 43,000 fees earned 667,100 insurance expense 12,650 land 182,800 miscellaneous expense 18,700 notes payable 87,000 prepaid insurance 6,000 rent expense 126,700 retained earnings 29,900 supplies 4,000 supplies expense 16,700 unearned rent 19,300 utilities expense 89,400 wages expense 373,600
After entering all the entries in the ledger we can find the difference in total cash balance in the following manner: $3,260,000- $3,052,675= $207,325
A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.
The three types of ledgers are:
General ledger.Sales ledger or debtor's ledger.Purchase ledger or creditor's ledger.To put it simply, all transactions and events are double-entered into the ledger accounts. They are the main books or files used to track and add up financial transactions by account. The summary totals included in the ledgers are used to create an entity's financial statements.
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Lakeland Heating & Cooling installs and services commercial heating and cooling systems. Lakeland uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800. It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs: E(Click the icon to view the jobs.) Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours?
Lakeland's predetermined overhead rate based on direct labor hours is 16 per direct labor hour.
At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800.
It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs.
Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs.
Predetermined overhead rate based on direct labor hours = Lakeland estimated that its overhead for the coming year/Direct labor hours
Predetermined overhead rate based on direct labor hours = 4,800/4,050
Predetermined overhead rate based on direct labor hours = 16 per direct labor hour
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Transcribed image text: > Question 9 One would speak of a movement along a supply curve for a good, rather than a change in supply, if o the cost of producing the good changes. O supplier expectations about future prices change. the price of the good changes. O prices of substitutes in production change.
One would speak of a movement along a supply curve for a good, rather than a change in supply, if the price of the good changes.
A movement along a supply curve occurs when there is a change in the price of the good. In this case, suppliers respond to the price change by adjusting the quantity of the good supplied, but there is no shift in the entire supply curve. If the cost of producing the good changes, there would be a shift in the supply curve, as suppliers would need to produce a different quantity of the good at every price level. Similarly, if supplier expectations about future prices change or if the prices of substitutes in production change, there would be a shift in the supply curve, rather than a movement along it.
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the uruguay round started in 1986 and eventually provided for which three provisions? multiple select question. reducing agricultural subsidies reducing tariffs on industrial goods reducing tariffs on manufactured goods reduced protection for patents and copyrights increasing technology subsidies
Option a, b &c: Reducing agricultural subsidies, reducing tariffs on industrial goods, and reducing tariffs on manufactured goods.
The Uruguay Round was the eighth round of multilateral trade negotiations (MTN) under the General Agreement on Tariffs and Trade (GATT), lasting from 1986 to 1993 and involving 123 countries as "Parties".
This round led to the establishment of the World Trade Organization and the GATT remained an integral part of the WTO agreements.
The Round's broad mandate was to transform GATT trade rules into sectors previously excluded as too difficult to liberalize (agriculture, intellectual property, and trade distortions due to investment policies).
The Round entered into force in 1995 with a deadline of 2000 (2004 for developing country Parties) under the administrative guidance of the newly created World Trade Organization (WTO).
The Doha Development Round was the next trade round, which began in 2001 and remained unresolved after the official deadline in 2005.
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Complete question:
The uruguay round started in 1986 and eventually provided for which three provisions? multiple select question.
a. reducing agricultural subsidies
b. reducing tariffs on industrial goods
c. reducing tariffs on manufactured goods
d. reduced protection for patents and copyrights increasing technology subsidies
at the equilibrium price, there are multiple choice shortages. no shortages or surpluses. excess inventories. surpluses.
It is impossible to have shortages or surpluses at the equilibrium price. This indicates that there is inventory and that the total amount of the surpluses by producers is equivalent to the amount of the demanded by consumers.
What products do consumers demand more of today?Consumers tend to demand more of a normal good as their incomes rise. When consumers' incomes rise, their demand for inferior goods decreases.
What's a good illustration of demand?The most useful restaurant slice, for instance, will be the slice a consumer can purchase first when they're starving. The utility falls and the customer's satisfaction rises with each additional slice.
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play it again sells a unique and vast assortment of sheet music. its customers are high school and college band directors and choir directors who require several copies of the same music, including music written for a variety of instruments. to buy inventory for resale, the business seeks out wholesalers with large inventories. since cash flow is always an important concern, the owner keeps a watchful eye on how quickly various genres of sheet music sell. to help him in this assessment, which ratio would be an important part of this company's financial analysis?
Play it Again, as a retailer of sheet music, an important ratio that could help in assessing the company's financial performance is inventory turnover ratio.
Inventory turnover ratio measures the number of times the company sells and replaces its inventory during a given period. It is calculated as
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
This ratio indicates how efficiently the company is managing its inventory and how quickly it is selling its products. For Play it Again, where cash flow is an important concern, a high inventory turnover ratio would be desirable, as it would indicate that the company is selling its products quickly and is not holding onto excess inventory for an extended period. Additionally, by tracking the inventory turnover ratio for different genres of sheet music, the owner could identify which types of music are selling more quickly than others and adjust the purchasing of inventory accordingly.
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if $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be
If $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be 11.1%.
The interest rate is the amount/money that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual percentage rate (APR).
Interest rates may also apply to amounts derived from a bank or credit union savings account or certificate of deposit (CD). Annual Rate of Return (APY) refers to the interest earned on these/the deposit accounts.
Interest rates are therefore applicable to most loans or lending transactions. Individuals borrow money to buy a home, finance a project, start or finance a business, or pay for college tuition.
Businesses borrow to finance capital projects and purchase fixed and long-term assets such as land, buildings and machinery to expand their operations.
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3. there are several ways to help keep memory intact, one of which rely on organization cues. what other ways might a consumer work to improve memory?
The correct answer to the given question about intact consumer memory is option e) All of the above.
Regular exercise: Engaging in regular physical activity can help improve memory function by increasing blood flow to the brain and promoting the growth of new brain cells. Getting enough sleep: Sleep is important for consolidating memories and promoting brain health. Getting enough sleep each night can help improve memory function. Mindfulness meditation: Practicing mindfulness meditation can help improve memory function by increasing focus and attention, as well as reducing stress and anxiety, which can impair memory. Healthy diet: Eating a healthy, balanced diet that includes plenty of fruits, vegetables, whole grains, lean proteins, and healthy fats can help improve memory function by providing the brain with the nutrients it needs to function at its best.
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Complete Question
There are several ways to help keep memory intact, one of which rely on organization cues. what other ways might a consumer work to improve memory?
a) Regular exercise. b) Getting enough sleep. c) Mindfulness meditation. d) Healthy diet. e) All of the above.
which of the following includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles in the maintaining of the natural environment? question 1 options: competitive advantage marketing sustainability greenwashing risk analysis
In order to protect the natural environment, sustainability involves evaluating and improving company strategies, economic sectors, labor practices, technologies, and lifestyles.
What three qualities distinguish environmentally sustainable companies?A green company ought to help charitable causes.
Limit Your Dependence on Natural Resources.
Use recycled goods.
Material reuse.
Purchase Fairtrade goods.
Produce Products in Nations With Strict Environmental Regulations.
Spend money on eco-friendly packaging.
What program awards sustainable building techniques and methods?A green building certification program known as LEED, or Leadership in Energy & Environmental Design, honors best-in-class construction methods and procedures.
Which of the following laws focuses on lowering pollution through economically sensible adjustments to how production is run and how raw materials are used?By cost-effective modifications to production, operation, and raw material use, the Pollution Prevention Act focused industry, government, and the general public's emphasis on minimizing the amount of pollution.
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Identify the negative consequences of establishing a price floor on milk. Negative Consequence Drag appropriate answer(s) here + Consumers will demand higher-quality milk as they are forced to pay more. There will be a surplus of milk. - + There will be a decrease in the quantity of milk demanded Sellers will be tempted to engage in illegal activity to recoup some of their costs due to milk that went unsold. Drog appropriate answer(s) here Not a Negative Consequence
A price floor is a cap placed well above equilibrium price point to stop vendors from overcharging customers.
What is an example of a consumer?Consumers are any person or entity who uses an item or service in its entirety. a customer who pays for a hairdresser to style and cut their hair. a company that buys a printer to use in the office.
Amount provided always surpasses quantity requested in the market when a pricing system is placed on any item or service.
Due to the large number of unsold properties, this will result in an excess supply of goods on the market.
The producers may even engage in unlawful activity to sell their remaining units in order to profit.
Based on the justification provided, we may categorize the negative and positive effects of a minimum price on milk as follows:
detrimental effects
1. There will also be a milk surplus.
2. The amount of milk that is desired will decline.
3. Due to the unsold milk, sellers may be encouraged to do illicit behavior in an effort to recover part of their expenditures.
Not a bad outcome
1. As consumers are compelled to pay more, they will expect milk of a higher caliber.
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which of the following statements is true of core competencies? group of answer choices a firm's core competency is usually easy to imitate. a firm's core competency is more than just a core technology. an individual business unit has only one core competency. a firm's core competency refers to a single ability.
The following statements is true of core competencies A firm's core competency is more than just a core technology.
Which of the ensuing statements regarding fundamental competencies is accurate?Designing, making, and delivering the product are referred to as key competencies. General management, logistics, human resources, and R&D do not fall within the category of core competence.
What _____ the _____ of an organization?A company's set of abilities or experience in a particular field, as opposed to its physical or financial assets, is typically referred to as its core competency. The strategic strength of an organization can be characterized as its core expertise.
Should core competencies be continually enhanced in order for the company to gain or keep a competitive advantage?False or true In order for the business to gain or keep a competitive edge, core competencies should be continuously improved. It is true that competitors may obtain core competencies that give them a competitive edge if core competences are not continuously enhanced.
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how does it facilitate the use of a self-managed team?multiple choice question.by providing raw data regarding the organization, it allows team members to make data-driven decisions quickly and easily.it allows team members to videotape each other and critique each others' performance, which has been proven to be an excellent team-building tool.by providing real-time information about each members' performance, it allows teams to accomplish their work more efficiently.by providing private information about team members, it provides more insight about potential obstacles to their performance.
The IT facilitate the use of self managed team by providing real-time information about each members' performance, it allows teams to accomplish their work more efficiently.
How can a group function more efficiently?Teamwork should be valued and rewarded.
Roles, obligations, and accountability should be made clear.
Establish precise objectives.
converse with one another.
Make choices collectively.
Increase mutual trust and get to know one another better.
Cherish diversity and uniqueness.
How can a team be led effectively and successfully?Be honest and direct in your communication. Since it leads to uncertainty and frustration, employees fear misunderstanding.
Provide a precise vision.
Boost group cooperation.
With care, assign tasks.
Gratitude and constructive criticism are appreciated.
overcome obstacles to remote employment.
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You go to a restaurant and order a big meal. Even though you're full, you keep eating because it was expensive. This is an example of...
This is an example of sunk cost. A sunk cost, also known as a retrospective cost, is a previously made investment that cannot be recovered.
Sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, and facility expenses. A sunk cost is money that has already been spent and cannot be recovered. The sunk cost investment reflects the axiom that one must "spend money to make money" in business.
The sunk cost fallacy occurs because our emotions frequently cause us to deviate from rational decisions. Giving up on a project after committing to it and investing resources in it is likely to result in feelings of guilt and waste.
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a vivid recollection of the world trade center collapsing on september 11, 2001 illustrates the concept of
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory.
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory. A flashbulb memory is a highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard. The intense emotional experience associated with such an event can lead to a vivid and long-lasting memory, even if the details of the memory are not entirely accurate. The events of September 11, 2001 were highly consequential and emotionally arousing for many people, making them a prime example of a flashbulb memory.
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exercise 4-34 (algo) target costing and pricing (lo 4-3) whitmore glassware makes a variety of drinking glasses and mugs. the company's designers have discovered a market for a
The highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones is $31.68.
To calculate the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones, we need to first determine the desired profit margin and then subtract it from the target selling price.
The desired operating profit of Domingo is 20% of costs, which means that the profit margin is 20% of the selling price. We can calculate the profit margin as:
Profit Margin = 20% of Selling Price
= 20% x $39.60
= $7.92
The target selling price of the headphones is $39.60, so the manufacturing cost that Domingo can afford would be:
Manufacturing Cost = Target Selling Price - Desired Profit Margin
= $39.60 - $7.92
= $31.68
Therefore, the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones is $31.68.
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Domingo Corporation makes a variety of headphones with logos. The company has discovered a new market for wireless headphones with logos Market research indicates that these headphones would sell well in the market priced at $39 60 each Domingo desires an operating profit of 20 percent of costs.
Required:
What is the highest acceptable manufacturing cost for which Domingo would be willing to produce the headphones?
if a clinician is informed that a prospective client, who is seeing things that are not actually there, is african-american and in a lower income bracket, the clinician may be more likely to
If a clinician is informed that a prospective client, who is seeing things that are not actually there, is African - American and in a lower income bracket, the clinician may be more likely to suggest a diagnosis of schizophrenia.
What does the term "prospective client" mean?
The target market for which you develop goods or services is comprised of potential clients. They've become your leads even though they haven't yet made a purchase from you.
And if you effectively set up your advertising initiatives, they will turn into your customers.
What distinguishes a prospect from a customer?
Except for the following variations, customers and prospects are nearly identical: Customers that have made genuine purchases from your company are represented in customer accounts.
Accounts that are considered prospects are those for which you may have produced estimates but for which no orders have yet been placed.
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maxnutri inc. sells cookies and nutrition bars. the marketers at maxnutri are trying to come up with new and attractive packaging designs for its cookies. in this scenario, maxnutri is working on its . a. purchase strategy b. distribution strategy c. advertising strategy d. product strategy
The correct option is D. the marketers at maxnutri are trying to come up with new and attractive packaging designs for its cookies. in this scenario, maxnutri is working on its product strategy.
A market is any region in which or greater occasions can meet to interact in a monetary transaction—even the ones that do not involve legal gentleness. A market transaction might also moreover comprise goods, services, statistics, foreign money, or any aggregate of those that bypass from one birthday celebration to another.
In elegant, the function of a marketplace is to collect products from scattered resources and channel them to scattered stores. From the factor of view of the seller, dealers channel the call for their product; from the thing of view of the consumer, they bring elements within his obtain. A marketplace is an area wherein buyers and sellers can meet to facilitate the change or transaction of products and services. other examples encompass illegal markets, public sale markets, and economic markets.
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A company's january 1, 2022 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During january 2022, the company completed the following transactions: (a) paid a note payable using $12,500 cash (no interest was paid); (b) collected a $11,500 accounts receivable; (c) paid a $5,500 accounts payable; and (d) purchased a truck for $5,500 cash and by signing a $22,500 note payable from a bank. The company's january 31, 2022 balance sheet would report which of the following?
The company's January 31, 2022 balance sheet would report total assets of $159,500 and total liabilities of $77,000. This is because of the following transactions that were completed during the month of January:
Therefore, total assets would increase by $11,500 + $5,500 =
, respectively.
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bond p is a premium bond with a coupon rate of 8.2%. bond d is a discount bond with a coupon rate of 5.9%. both bonds make annual payments with a ytm of 7%, a par value of $1000, and five years to maturity. what is the current yield for bond p and bond d? if interest rates remain unchained, what is the expected capital gains yield over the next year for bond p and bond d? explain your answer and the interrelationships among the various types of yields.
The answer would be for Bond P: = $ 1049.20 and Anticipated all out return = 6.18+0.82 = 7.00%
For Bond P:
Coupon (PMT) = 8.2% of 1000 = 82
Time to maturity (nper) = 5 years
Face Value(FV) = 1000
YTM (rate) = 7%
Utilizing the excel function (PV) for tracking down the present value
= PV(rate,nper,PMT, FV)
=PV(7%, 5,- 82,- 1000)
= $ 1049.20
a) Current yield for bond P = PMT/PV= 82/1049.2 = 7.82% (Reply)
b)Similarly we need to ascertain the present value for bond D
Utilizing the excel function (PV) for tracking down the present value
= PV(rate,nper,PMT, FV)
=PV(7%, 5,- 59,- 1000)
= $ 954.90
Current yield for bond D = PMT/PV= 59/954.90= 6.18% (Reply)
c)For one year from now the Time span (nper) will change to 5-1 = 4 years
The PV one year from now ,
= PV(rate,nper,PMT, FV)
=PV(7%, 4,- 82,- 1000)
= $ 1040.65
The price change from previous year = 1040.65 - 1049.20 = $ - 8.55
Capital loss percentage = - 8.55/1049.20 = - 0.82%
Anticipated all out return = Current yield - capital loss = 7.82-0.82 = 7.00% (reply)
d)
For the following year the Time span (nper) will change to 5-1 = 4 years
The PV one year from now ,
= PV(rate,nper,PMT, FV)
=PV(7%, 4,- 59,- 1000)
= $ 962.74
The price change from previous year = 962.74-954.9= $ 7.84
Capital increase percentage = 7.84/954.9= 0.82%
Anticipated all out return = 6.18+0.82 = 7.00% (reply)
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Answer:
The current yield for Bond P is 8.2%, and the current yield for Bond D is 5.9%. If interest rates remain unchanged, the expected capital gains yield over the next year for Bond P and Bond D would be -0.3% and 14.7%, respectively. This is because the two bonds have different coupon rates: when the market interest rate remains the same, Bond P has coupon payments that are higher than the market yield, while Bond D has coupon payments that are lower than the market yield. Therefore, Bond P experiences a decrease in value due to its premium coupon, while Bond D experiences an increase in value due to its discount coupon.
January
Beginning inventory 0
Units produced 500
Units sold 400
Ending inventory 100
Excerpt from Wallis Corporation
Per Unit Per Month
Selling price $100
Direct materials $30
Direct labor $20
Variable manufacturing overhead 10
Variable selling and administrative expenses 7
Fixed manufacturing overhead $ 10,000
Fixed selling and administrative expenses 3,000
What is the company's contribution margin for January?
The company's contribution margin for January is $13,200.
The company's contribution margin for January can be calculated by first finding the contribution margin per unit and then multiplying it by the number of units sold. The contribution margin per unit is the selling price minus the variable costs.
Contribution margin per unit = Selling price - (Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses). Hence:
Contribution margin per unit = $100 - ($30 + $20 + $10 + $7) Contribution margin per unit = $100 - $67 Contribution margin per unit = $33Next, we can find the total contribution margin by multiplying the contribution margin per unit by the number of units sold:
Total contribution margin = Contribution margin per unit * Units soldTotal contribution margin = $33 * 400 = $13,200Thus, based on the calculation, the company's contribution margin for January is $13,200.
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given the political and economic realities in india, what is the best entry strategy for a foreign retailer?
Generalizes on the best market entry strategy, such as visiting the country; the importance of relationships in finding a good partner.
What is the ideal route for an international retail chain to enter India?An international business can start business in India by partnering with just an Indian partner. A foreign company can begin operations in India by establishing a branch office, a representative office, and a project office.
What would be the best strategy for an international retailer to enter the market?The franchising process is one of the most famous international market entry strategies. Franchising is comparable to licencing, but it entails a lot more work. Franchising works well for companies that have a reliable and well-established business model, including such McDonald's or Starbucks.
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which of the statements below summarizes what the acid-test ratio measures? multiple choice question. the acid-test ratio measures the profitability of a company. the acid-test ratio measures the marketability of a company's merchandise. the acid-test ratio measures the efficiency of capital spending. the acid-test ratio measures a merchandiser's ability to pay its current liabilities.
The statement that summarizes what the acid-test ratio measures is: "The acid-test ratio measures a merchandiser's ability to pay its current liabilities."
What is acid test ratio ?The fast ratio, commonly referred to as the acid-test ratio, gauges a company's capacity to settle its current debts with its current assets minus inventories. The acid-test ratio offers a more conservative measure of liquidity than other ratios that take inventory into consideration by concentrating primarily on the company's most liquid assets (such as cash, marketable securities, and accounts receivable). The corporation is better able to fulfil its short-term obligations if the acid-test ratio is higher.To know more about acid test ratio , check out :
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T
Q
M
is a management philosophy of delighting customers with superior products and services by continually setting higher goals and improving every business function
According to the TQM management philosophy, every aspect of the company should be improved in order to satisfy customers with greater goods and services.
Definition of management philosophyA statement or strategy that influences how a manager leads a team and makes choices is known as a management philosophy. Best management practices are determined by these ideas, which also aid in giving an organization structure and clarity.
Which three management philosophies are there?All three management theories are as follows: Classical management theory, developed in the 1900s, behavioral management theory, developed in the 1910s, & modern management theory make up the three main categories of management theory (1940s).
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an account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a
The correct option is B. An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a Contra account.
In accounting, a contra account is a type of account that is used to reduce the balance of another account. Contra accounts are used to track transactions that offset the balance of another account, such as returns, allowances, or discounts. A common example of a contra account is the allowance for doubtful accounts, which is used to reduce the balance of accounts receivable to reflect the amount that is unlikely to be collected.
Contra accounts are used to provide a more accurate representation of the financial position of a company. By reducing the balance of an account with a contra account, the company can better reflect the true value of the account. Contra accounts are also used to provide more detail on the nature of the transaction that is being recorded. They allow accountants to separate different types of transactions and provide more information about the financial position of a company.
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Complete Question:
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n):
A) Accrued account.
B) Contra account.
C) Temporary Account.
D) Clearing account.
E) Permanent Account.
as discussed in law of one price, we know that two same commodities must sell at same price. why is it? what would happen if two same commodities have different prices?
This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage.
According to the Law of One Price, in an efficient market, identical goods must have the same price. This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage, where individuals could buy the commodity at the lower price and sell it at the higher price, earning a profit in the process.
For example, if a can of soda is selling for $1 at one store and $1.50 at another store, individuals could buy the soda at the first store for $1 and sell it at the second store for $1.50, earning a profit of $0.50 per can. This process would continue until the prices of the soda cans at both stores were the same.
If two identical commodities have different prices, it would lead to arbitrage opportunities, and individuals would buy the commodity at the lower price and sell it at the higher price, eventually driving the prices of the commodity to be the same. This would lead to an efficient market where identical goods have the same price.
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refer to the table above: which of the following statements is correct? group of answer choices the opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced. the opportunity cost of a dozen cookies increases as more cookies are produced. the opportunity cost of a dozen cookies decreases as more cookies are produced. the opportunity cost of a pound of coffee decreases as more coffee is produced.
2. The opportunity cost of a dozen cookies increases as more cookies are produced is correct.
The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity.
More specifically, it indicates that if you choose one activity (for example, an investment), you are foregoing the potential to pursue something else. The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activities.
For example, if you buy a car and use it solely for personal transportation, you cannot rent it out, and if you rent it out, you cannot use it for personal transportation.
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Correct question:
Cookies (in dozens) Coffee (in pounds)
1000 0
800 350
600 650
400 800
200 1000
0 1150
The table shows one set of production possibilities. Which one of the following statements is correct?
1. The opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced
2. The opportunity cost of a dozen cookies increases as more cookies are produced
3. The opportunity cost of a dozen cookies decreases as more cookies are produced.
4. The opportunity cost of a pound of coffee deceases as more coffee is produced
i bought a car 5 years ago for $10,000. now, it is worth $5,000. i sell this car in 2012. by itself this transaction that occurred in 2012 would ?
By itself this transaction that occurred in 2012 would option C. Not count in the 2012 GDP.
The market value of all the final goods and services produced and sold (not resold) in a given time period by countries is measured in dollars using the term "gross domestic product" (GDP).
This measurement has undergone many various revisions in history before it could be trusted as an indicator because of how complicated and arbitrary it is for understanding.
However, GDP per capita does not account for variations in the cost of living and the rate of inflation of the various nations; as a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market.
The contribution of each industry or sector of the economy to the total GDP can also be determined. The per capita GDP of the area is calculated as it is divided by the total population.
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Note that the full question is:
i bought a car 5 years ago for $10,000. Now, it is worth $5,000. I sell this car in 2012. By itself this transaction that occurred in 2012 would_______?
A. Count in the 2012 GDP and decrease it.
B. Be included in the 2012 GDP, but the impact is uncertain.
C. Not count in the 2012 GDP.
D. Count in the 2012 GDP and increase it
The United States has had a trade deficit since 1975 because Blank______. Multiple choice question.
Answer: The united states has had a trade deficit since 1975 because: It bought more goods from other nations than it has sold.
Explanation:
if the demand for a good is relatively inelastic, this means that consumer purchases of the good are group of answer choices not very sensitive to the price of the good. highly sensitive to the price of the good. unrelated to the price of the good. unaffected by changes in the income level of consumers.
The correct option is: Not very sensitive to the price of the goods. The given demand curve shows inelastic demand, which shows that a greater change in price is influencing a lesser measure of amount demanded.
Inelastic demand in financial matters happens when the demand for an item doesn't change as much as the price.
A lofty demand curve graphically addresses inelastic demand. The more extreme the curve, the more inelastic the demand for that item or administration is.
Inelastic demand applies to items that are not really receptive to price changes, like fuel or physician endorsed drugs.
Elastic demand happens when the proportion of amount demanded to price is mutiple. For instance, assuming the price dropped 10%, and the sum demanded rose half, the proportion would be 0.5/0.1 = 5. On the flip side, assuming the price dropped 10%, and the amount demanded didn't change, the proportion would be 0/0.1 = 0. That is known as being "perfectly inelastic".
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which type of lack of capacity is easiest to prove? intoxication mental incompetence contracting for necessities minor status assessment question samuel has mental competency issues. samuel entered into a contract with beth, but now samuel is petitioning the court to terminate the contract. what options does the court have in ruling in the case? choose 2 answer choices. the contract is void if samuel was incompetent at the time the contract was formed. the contract is void if samuel has been previously determined to be mentally incompetent. the contract is voidable if a court has previously determined samuel to be mentally incompetent. the contract is voidable if samuel was incompetent at the time the contract was formed.
Options 1 and 2 are correct. Mental incapacity or incompetence refers to a person's inability to enter into a contract due to mental illness or intoxication and is the easiest to prove as a lack of capacity.
There are a couple of reasons an individual lack the capacity to go into an agreement. Minors, the insane, and people who are inebriated or drug-dependent are for the most part rejected from going into lawful arrangements. Mental incapacity just implies that an individual doesn't have the capability to go to an agreement. Notwithstanding inebriation, mental insufficiency can result from psychological maladjustments, like schizophrenia, infirmity, and, surprisingly, bipolar condition.
Most courts view contracts with people of Mental incapacity as voidable agreements, or agreements that might be voided by the weakened party. Yet, an individual can't simply make a case of mental insufficiency. There are two tests used to assist with deciding if involved with an agreement is unequipped to satisfy its commitments: a mental or emotional test, or an inspirational test. The court will oversee a mental or full-of-feeling test to decide if the individual grasps the agreement language and the results of going into the agreement.
In some cases, the individual grasps the language and the outcomes, so the court will test persuasive explanations behind going into the agreement. The test might demonstrate a condition like an insanity or preposterous reasoning as an inspiration. On account of an inebriated individual, the court views different things also.
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Correct Question -
which type of lack of capacity is easiest to prove?
1. intoxication
2. mental incompetence
3. contracting for necessities
4. minor status
