Consider the difference between “supply” and “quantity supplied.” Select the change in only quantity supplied: (select all that apply)
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession
More laptop computers were sold when technological innovation lowered the cost of producing batteries
More gasoline was sold when buyers and sellers expected higher gas prices in the near future
More Uber rides were taken when people switched from driving taxis to driving for Uber in NYC
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
Answers
The following would lead to a change in quantity supplied :
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession.
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
What is a change in quantity supplied?
There is a change in quantity supplied if the price of that good either increases or decreases. The quantity supplied increases when price increases and decreases when price decreases.
This indicates that there is a positive relationship between price and the quantity supplied. A change in quantity supplied leads to a movement along the supply curve - either upward or downward.
There is a change in supply when other factors other than the price of the good changes. For example, a change in the number of suppliers, change in the cost of production would lead to a change in supply. When there is a change in supply, the supply curve should shift either inwards or outwards.
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Related Questions
Suppose that a portfolio management company manages an investment fund. The fund
manager observes a bond in the market and intends to add it to the fund portfolio. The
bond has a 100.000 TL par value, 10% coupon rate (coupon payments are annual) and a
6-years maturity. The business model is to “hold-to-maturity”. The company purchases
the bond at the beginning of the year when the market yields are 8%. After exactly 3
years of investment, market yields increase to 12%. What would be the profit or loss
amount in the income statement for that third year?
a) 1.427,92 TL loss
b) 1.470,06 TL profit
c) 8.529.94 TL profit
d) 10.000 TL loss
Answers
Answer: The correct answer is (a) 1.427,92 TL loss.
Explanation:
To calculate the profit or loss for the third year, we need to determine the market value of the bond at the end of the second year and compare it to the par value of 100,000 TL.
At the beginning of the investment, the bond has a coupon rate of 10% and a market yield of 8%, so its price is:
PV = (10000/1.08) + (10000/1.08^2) + (110000/1.08^3) = 104,406.40 TL
After 3 years, the market yield has increased to 12%, so the bond's price would have changed to reflect this new yield. To calculate the new price, we can discount the remaining coupon payments and the par value at the current market yield:
PV = (10000/1.12^1) + (10000/1.12^2) + (10000/1.12^3) + (100000/1.12^3) = 88,572.08 TL
The market value of the bond at the end of the second year is 88,572.08 TL, which represents a loss compared to the par value of 100,000 TL:
Loss = 100,000 - 88,572.08 = 11,427.92 TL
Therefore, the correct answer is (a) 1.427,92 TL loss.
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on november 15, paulson painting received a $6,000 cash payment from apex inc. in exchange for painting services to be provided in december. when posting the journal entries related to this payment, paulson's accountant debits the cash account for $6,000 and credits service revenue for $6,000. which of the following statements best describes the results of this posting?
Answers
The Cash account's closing balance will be right in Paulson's general ledger. However, the Service Revenue account's final balance will be too high, while the Unearned Service Revenue account's ending balance will be too low.
What exactly is a cash account?A cash account is a business-to-business or business-to-consumer account that operates on an instant payment basis, with no credit extended. The cash account is a mixture of a Cash receipts journal and a cash payment journal and is thus referred to as a "Cash receipts and payment journal".
In accounting, a "cash account" or "cash book" is a daybook used to record all monetary transactions, particularly cash receipts and payments. Because of its twofold significance in accounting, the cash account is regarded as a unique daybook. In accounting, the cash account serves as both a main entry book and a ledger. Due to the presence of two sides: debit and credit, the Cashbook has a twofold influence.
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If Martha tells employees to "do a better job of selling" in the month of December, then employees might fall to accomplish this goal. why do you think workers might fall short?
Answers
Answer: The workers fail to accomplish the task because the goal is not specific or measurable.
Explanation:
1.1.
State 8 business functions and explain their roles
Answers
Answer:
8 business functions:
Explanation:
1. Finance's role is to fund, manage budgets, accounting, financial controls, and audits.
2. Marketing's role is processing like promotions, pricing, sales and distributions.
3. Information Technologies role is to developed and operate systems and applications.
4. Customer Service's role is managing customers and handling their needs or requests like inquiries or returns.
5. Production's role is manufacturing products or delivering for different services.
6. Distribution's role is the process of teaching the customer with the product you are delivering or service you are providing.
7. Design's role is prioritizing and making sure the design of the product or service stands out as it's own business function.
8. Governance's role is firm in direction and control. They manage the performance of management.
FRY-9C, FRY-14M, FRY-14Q, FRY-2052a, FP&A, CRR
What are these terms exactly mean? How do they work in business? What each term do?
Answers
The terms mentioned above are used in economics and have to do with finance.
What are FRY-9C, FRY-14M, and FRY-14Q?In order to keep an eye on financial institutions in between on-site inspections, the FR Y-9C is the main analytical tool employed. The form, which is the most frequently requested and scrutinized report at the holding company level, contains more schedules than any other report in the FR Y-9 series.
The FR Y-14M report gathers monthly in-depth information on the loan portfolios of bank holding companies (BHCs), savings and loan holding companies (SLHCs), and intermediate holding companies (IHCs). Three loan- and portfolio-level collections, as well as one in-depth address matching collection, make up the report.
On a quarterly basis, the FR Y-14Q compiles comprehensive information on the various asset classes, capital components, and pre-provision net revenue (PPNR) categories of the bank holding companies (BHC), savings and loan holding companies (SLHCs), and intermediate holding companies (IHC).
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In a communist economy all economic activities are controlled by?
Answers
Answer:
benefits of quality management
hbjvjhvjhnvbnbhmbjhbm
Answers
Answer:
sjhdkwnsksnaksndksnwkjssmnzkanzkdndns
1. A requested task is subject to be reported when:
Requesting for a screenshot
When it is asking for 3 proofs
When it requests for email address to be submitted
The task requested promote violent and/or illegal activities
Answers
A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.
Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.
Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.
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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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Under an operating lease: (Select all that apply.)Check All That ApplyThe lessee reports amortization expense and interest expense separately in its income statement.The lessee reports amortization expense and interest expense separately in its income statement.The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.The lessor reports a single amount of lease revenue, which is equal to interest revenue plus amortization revenue, in its income statement.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.
Answers
Answer:
The lessee reports a single amount of lease expense, which is equal to interest expense plus amortization expense, in its income statement.The lessee reports lease expense on a straight-line basis and the lessor reports lease revenue on a straight-line basis over the lease term.Explanation:
An operating lease is basically renting an asset from a lessor where the lessee will pay a certain amount every period for the use of the asset.
This rent payment is equal to the interest expense plus amortization expense and will be reported in the income statement of the lessee as an expense.
This amount will also be reported on a straight-line basis for the duration of the lease term which means that even if rent increases, it will still have to be reported by the same amount over the lease period because the lease increase should have been taken into account already.
The lessor also reports lease revenue on a straight-line basis over the lease term.
if you complete Steps 3-4(b) on the Form W-4 for the highest paying job.)
steps blank for the other jobs. (Ya
If your total income will be $200,000 or less ($400,000 or less if married filing jointly):
Multiply the number of qualifying children under age 17 by $2,000 $
Multiply the number of other dependents by $500
$
Add the amounts above for qualifying children and other dependents. You may add to
his the amount of any other credito
Ft.
Answers
The Employee's Withholding Certificate, more commonly known as Form W-4, is an imperative document used by U.Sile employers to accurately advance the number of federal income tax that should be abstracted from a worker's pay.
What is the form about?At the start of their employment, persons must thereby fill out this form and give it to their employer. This paper encompasses exclusive components regarding an employee, such as their identity, location, Social Security number, filing status, the amounts of dependents, and any further gain they will receive during the year.
The company then utilizes the information on the W-4 to exact the suitable quantity of income tax before subtracting it from the salary. It is therefore essential for personnel to truthfully complete the form in order to guarantee the precise amount is removed and chance no startling statistics when filing taxes.
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Waterway Industries produces 1000 units of a necessary component with the following costs: Direct Materials $42000 Direct Labor 23000 Variable Overhead 8000 Fixed Overhead 10000 Waterway Industries could avoid $6000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and the company would prefer to buy the components, what is the maximum external price that Waterway Industries would accept to acquire the 1000 units externally? $73000 $79000 $77000 $75000
Answers
Answer:
The maximum external price that Waterway Industries would accept to acquire the 1000 units externally is $77000.
Explanation:
The maximum external price must be equal to the cost of making the components internally taking into account thee avoidable fixed costs of getting an outside supplier.
Determination of the maximum external price :
Direct Materials $42,000
Direct Labor $23,000
Variable Overhead $8,000
Fixed Overhead ($10,000 - $6,000) $4,000
Maximum external price $77000
The difference between a firms current assets and current liabilities is known as the
Answers
Answer:
Working capital
Explanation:
Working capital, also called net working capital, represents the difference between a company's current assets and current liabilities.
The difference between a firm's current assets and current liabilities is known as its "working capital." Working capital is a measure of a company's short-term financial health and represents the funds that are available to finance the day-to-day operations of the business.
Current assets include cash, accounts receivable, inventory, and other assets that are expected to be converted into cash within one year or within the normal operating cycle of the business, whichever is longer. Current liabilities, on the other hand, include accounts payable, short-term loans, and other obligations that are due within one year or within the normal operating cycle of the business. Therefore, working capital is calculated by subtracting current liabilities from current assets: Working Capital = Current Assets - Current Liabilities
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From the following facts, prepare a depreciation schedule using the declining-balance method (twice the straight-line rate): (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required.) Volvo truck $ 25,000 Residual value $ 5,000 Estimated life 5 years
Answers
Answer:
Depreciation Schedule:
See attachment.
Explanation:
Cost of Truck = $25,000
Residual value = $5,000
Estimated life = 5 years
Method of depreciation = declining-balance method
Depreciable amount = $20,000 ($25,000 - $5,000)
Depreciation rate = 100/5 * 2 = 40%
1st year-end depreciation expense = $10,000 (40% of $25,000)
2nd year-end depreciation expense = $6,000 (40% of $15,000)
3rd year-end depreciation expense = $3,600 (40% of $9,000)
4th year-end depreciation expense = $400
Depreciation cannot exceed $400 for the 4th year because of the residual value of $5,000. With declining method, the residual value is considered at the end of the useful life and not at the beginning.
Declining balance
Beginning of Year 1 Cost = $25,000
Beginning of Year 2 Balance = $15,000 ($25,000 - $10,000)
Beginning of Year 3 Balance = $9,000 ($15,000 - $6,000)
Beginning of Year 4 Balance = $5,400 ($9,000 - $3,600)
Beginning of Year 5 Balance = $5,000
Danny is convinced that the new recycling program implemented at his company is worth the extra effort of sorting his waste. He believes in this so strongly that he reminds everyone in the department that they should all get on board and gives an extensive presentation at the monthly meeting. Danny values...conformity.power.universalism.hedonism.stimulation.
Answers
Danny values universalism.
Why recycling is important?
Recycling is a process by which materials that would otherwise be discarded as waste are collected, separated, processed, and converted into new products. Recycling is important for many reasons. It reduces the amount of waste sent to landfills and incinerators, conserves natural resources such as timber, water, and minerals, and helps to reduce the pollution of the air and water. Additionally, recycling reduces the amount of energy used to produce new products, and can create new jobs in the recycling and manufacturing industries. Finally, it helps to preserve and protect the environment by reducing the amount of pollution caused by manufacturing and other processes.
This means that he believes in the idea that everyone should be treated equally, and that everyone should work together to make sure that the environment is protected and preserved. He is passionate about the recycling program and wants everyone to be on board with it. He also believes that everyone should put in the effort to make it successful.
Therefore, universalism is the correct answer.
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Do you have a course for Economics?
Answers
Answer:
no I don't. have a course for economics
Which of these statements is true about the drug utilization management (UM) rules?
Answers
Answer: Prior authorization quantity limit and step therapy are some examples of the coverage rules
Explanation:
The statement 'prior authorization, quantity limit, and step therapy are some examples of the coverage rules" is true. Drug utilization management (DUR) is a set of methods used to ensure the appropriate use of medications.
These methods can include prior authorization, quantity limits, and step therapy.
Prior authorization is a process where a health plan requires the prescriber to obtain approval from the plan before a medication can be dispensed. This is typically used for high-cost or high-risk medications.
Quantity limits are restrictions on the amount of medication that a patient can receive in a given period of time. This is typically used to prevent patients from stockpiling medications or using them for purposes other than what they are intended for.
Step therapy is a process where a patient must try one or more less expensive or less invasive treatments before they can be prescribed a more expensive or more invasive treatment. This is typically used to ensure that patients are only using the most appropriate treatment for their condition.
The UN does not have specific rules on DUR, but many countries have their own regulations. These regulations are designed to ensure that patients have access to safe and effective medications, while also preventing the misuse of medications.
Therefore, the given statement is true.
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Your question is incomplete, most probably the complete question is :
The statement is about the drug utilization management UN rules. true or false?
prior authorization quantity limit and step therapy are some examples of the coverage rules
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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A security is currently selling for $8,000 and promises to pay $1,000 annually for the next 9 years, and $1,500 annually in the 3 years thereafter with all payments occurring at the end of each year. If your required rate of return is 7% p.a., should you buy this security and why?
Answers
Answer:
Yes, because the return is greater than 7%
Explanation:
You will get NPV = 656.41. Because the NPV > 0, the cash inflows are greater than the cost (i.e., thecash outflows). So, again, this is a good investment.
A security providing such returns shall not be bought if the required rate of return is 7%.
What is required rate of return?The expected percentage of returns over an investment at the time of making such investment is known as the required rate of return. In the given case, the required rate of return is 7%.
The actual returns earned over making such purchase of the security for $8000 and getting returns of $4500 is calculated around a return of 4.5%.
Hence, the security should not be bought is the rate of return required is 7% over the investments made.
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Lunar, Inc., plans to issue $900,000 of 10% bonds that will pay interest semiannually and mature in 5 years. Assume that the effective interest rate is 12% per year compounded semiannually. Compute the selling price of the bonds. Use Tables 2 and 3 in Appendix A near the end of the book.
Answers
Answer:
Bond Price = $833759.2165 rounded off to $833759.22
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. We assume that the interest rate provided is stated in annual terms. As the bond is a semi annual bond, the coupon payment, number of periods and semi annual YTM will be,
Coupon Payment (C) = 900000 * 0.1 * 6/12 = $45000
Total periods (n) = 5 * 2 = 10
r or YTM = 0.12 * 6/12 = 0.06 or 6%
The formula to calculate the price of the bonds today is attached.
Bond Price = 45000 * [( 1 - (1+0.06)^-10) / 0.06] + 900000 / (1+0.06)^10
Bond Price = $833759.2165 rounded off to $833759.22
Match each concept to its definition.
Tiles
cohort analysis
VALS
concept testing
posttesting
Pairs
quality check before product development
arrowBoth
marketers use psychographic data to categorize consumers
arrowBoth
analysis based on consumers’ generation
arrowBoth
evaluation of recall and recognition of an advertisement
Answers
The concept with its definition:
Tiles: Quality check before product developmentCohort analysis: Both evaluation of recall and recognition of an advertisementVALS: Both marketers use psychographic data to categorize consumersConcept testing: Both analysis based on consumers' generationPosttesting: Evaluation of recall and recognition of an advertisementTiles: A concept in marketing that refers to the small, square ceramic or stone pieces used for covering surfaces such as floors and walls. It is commonly used in interior design and construction projects to create visually appealing and durable surfaces.
Cohort analysis: A statistical technique used in marketing and analytics to group individuals into specific segments or cohorts based on shared characteristics or behaviors.
VALS: An acronym for Values and Lifestyles, VALS is a psychographic segmentation tool used in marketing research to categorize consumers based on their values, motivations, and lifestyles.
Concept testing: A research method used in marketing to assess the viability and potential success of a new product or idea before it is launched.
Posttesting: The evaluation of an advertisement or marketing campaign after it has been launched to assess its effectiveness and impact on the target audience.
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Financial Statement Notes: Quarterly Data Quarterly data are presented below for Company A and Company B. One of these companies is Gibson Greetings, Inc., which manufactures and sells greeting cards. The other company is Hon Industries, Inc., which manufactures and sells office furniture. Both companies are on a calendar year basis. (Amounts in Thousands) First Quarter Second Quarter Third Quarter Fourth Quarter Year Company A Net sales $186,111 $177,537 $203,070 $213,608 $780,326 Gross profit 55,457 53,643 64,024 69,374 242,498 Company B Net sales $84,896 $83,796 $142,137 $235,336 $546,165 Gross profit 53,900 52,983 66,018 104,961 277,862 Required a. Compute the percent of annual net sales generated each quarter by Company A. Round to the nearest percent. b. Compute the percent of annual net sales generated each quarter by Company B. Round to the nearest percent.
Answers
Answer and Explanation:
The computation of percent of annual net sales generated each quarter by Company A and B is shown below:-
First Second Third Fourth
Quarter Quarter Quarter Quarter
a. Company A annual
net sales percentage 24% 23% 26% 27%
($186,111 ÷ $780,326) ($177,537 ÷ $780,326) ($203,070 ÷ $780,326) (213,608 ÷ $780,326)
b. Company B annual
net sales percentage 16% 15% 26% 43%
($84,896 ÷ $546,165) ($83,796 ÷ $546,165) ($142,137 ÷ $546,165) ($235,336 ÷ $546,165)
So, for computing the percent of annual net sales generated each quarter by Company A and B we simply divide the Net sales of every quarter by Net sales of Year same for Company B.
a. The computation of the percent of annual net sales by Company A are as follows:
Quarter 1 = 24% ($186,111/$780,326 x 100)
Quarter 2 =23% ($177,537/$780,326 x 100)
Quarter 3 = 26% ($203,070/$780,326 x 100)
Quarter 4 = 27% ($213,608/$780,326 x 100)
b. The computation of the percent of annual net sales by Company B are as follows:
Quarter 1 = 16% ($84,896/$546,165 x 100)
Quarter 2 =15% ($83,796/$546,165 x 100)
Quarter 3 = 26% ($142,137/$546,165 x 100)
Quarter 4 = 43% ($235,336/$546,165 x 100)
Data and Calculations:
(Amounts in Thousands)
First Quarter Second Quarter Third Quarter Fourth Quarter Year
Company A:
Net sales $186,111 $177,537 $203,070 $213,608 $780,326
Gross profit 55,457 53,643 64,024 69,374 242,498
Company B:
Net sales $84,896 $83,796 $142,137 $235,336 $546,165
Gross profit 53,900 52,983 66,018 104,961 277,862
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Management In Life
Last week, Wesley's daughter, Davina, was a very bad girl.
She went to the store with him and whined and whined, "I
want this! I want that!" Wesley thought it would never stop,
and it upset him very much. Wesley knows that according to
reinforcement theory, two methods can decrease the
likelihood of whining in the future: punishment and
extinction. Now he's asking your advice about exactly what to
do to use each technique.
Answers
Wesley should Pay no attention to her and Ground her for whining. This scenario is an example of a Fixed Interval the schedule of reinforcement. They are reinforcing his tendency to work hard around the time of the review and not his overall performance throughout the year.
What is a reinforcement theory?Reinforcement theory is a psychological principle suggesting that behaviours are shaped by their consequences and that individual behaviours can be changed through reinforcement, punishment and extinction. Behavioral psychologist B.F. Skinner was instrumental in developing modern ideas about reinforcement theory.
According to Skinner, a person's internal needs and drives are not important areas of concern because their current behaviours follow the law of effect and are based on the consequences of former behaviours.
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Cost and service trade off
1.Explain cost and service trade off in distribution.
Answers
Suppose that each week Fiona buys 16 peaches and 4 apples at her local farmer's market. Both kinds of fruit cost $1 each. From this we can infer that:
multiple choice
The law of diminishing marginal utility does not hold for Fiona.
Fiona is not maximizing her utility.
If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be equal to her marginal utility from the 4th apple she buys.
If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be greater than her marginal utility from the 4th apple she buys.
Answers
If Fiona buys 16 peaches and 4 apples at her local farmer's market each week, we can infer that C. If Fiona is maximizing her utility, then her marginal utility from the 16th peach she buys must be equal to her marginal utility from the 4th apple she buys.
What is marginal utility?Marginal utility describes the benefit derived from the consumption of one additional unit of a product or service.
The marginal utility can be computed using this formula:
Marginal utility = total utility difference/quantity of goods difference.
This means that marginal utility is equal to the change in total utility divided by the change in the number of goods consumed.
Thus, if Fiona buys 16 peaches and 4 apples at her local farmer's market each week, we can infer that Option C is correct.
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If a company is using a cost-focused pricing strategy, it will set prices for products based on __________________
A. what they think costumers will like.
B. how much money they want to make.
C. how much it costs to make them.
D. the current economy.
Answers
If a company is using a cost-focused pricing strategy, it will price products based on C. how much it costs to make them.
What is a cost-focused pricing strategy?It corresponds to a set of tactics and actions that a company will develop based on the manufacturing cost of its product line, that is, one of the objectives is to reduce the unit cost of production through economies of scale to price the product in a way that obtain significant profitable advantages for the positioning of the business.
Economies of scale are achieved when a company is able to use its structure to increase the quantity of manufactured products, thus being able to reduce the average cost of producing each product.
Therefore, a pricing strategy focused on cost can be a relevant competitive differentiator for a company to attract consumers and be well positioned in the market in which it operates.
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John is a math whiz who enjoys working hard. While he can collaborate, he prefers to work alone. Which of the following marketing careers would be the best fit for Johns skills.
A.Graphic Designer
B.Marketing research analyst
C.Public Relations Professional
D.Sales Representative
Answers
Hope this helps.
After analyzing the scenario, the best-fit marketing career for Johns's skills would be Marketing research analyst. Thus, option 'B' is the correct option.
What is a Marketing research analyst?Analysts of market research collect and examine consumer and competitor data. To determine the likelihood that a good or service will be purchased, market research experts examine customer preferences, economic conditions, and other variables. They assist businesses in determining who will buy certain things and at what price. If you enjoy working in a position that rewards analytical, collaborative, creative, and critical thinking abilities, a job in market research is a great fit.
Market researchers get to be at the cutting edge of business trends. Because they work set hours and get weekends off, many marketing analysts are able to maintain a healthy work-life balance. Due to the fact that most businesses require their services, they also frequently have good job security.
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Résumés should be prepared using the following guidelines:
12-point font
uniformly designed
white space to improve readability printed on quality paper
Answers
Answer:
I personally selected all of them, not sure if it's right or not because my teacher didn't tell me for some reason, but it's worth a try.
Explanation:
6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Question 1
What is the most important question you should have after seeing this ad about a check cashing business?
Why Choose ACE to Cash Your Check
The approval process is easy Get your funds without the hassle
No credit check necessary
No waiting Get your funds today
Close, convenient parking
Great customer service
O How many locations do you have?
O Can I get a written copy of all of the fees that you charge for your services?
O What are your hours of operation?
O How many tellers do you have?
Answers
The most important question you should have after seeing this ad about a check cashing business is"
Why Choose ACE to Cash Your Check?No credit check necessary?Can I get a written copy of all of the fees that you charge for your services?Is a check cashing business considered a financial institution?A money service business is one that is seen as a kind of a financial institution that is known to be involved with one or a lot of of the following entities such as:
Check casher Foreign currency dealer, etc.So, the most important question you should have after seeing this ad about a check cashing business is"
Why Choose ACE to Cash Your Check?No credit check necessary?Can I get a written copy of all of the fees that you charge for your services?Learn more about check cashing business from
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