After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone does not offer the features he expected. This scenario illustrates that actual purchase price of the purchase is less than Jeremy's expectations.
The cost incurred by the company to purchase the items is referred to as the actual purchase price of the goods. To calculate gross profit, the purchase price is also added to the cost of the products sold. After the sales, the closing inventory is valued at the lower of the purchase price or its realisable replacement value.
The following elements will also need to be considered when determining the actual purchase price:
• When a buyer receives products that are broken or defective, the seller will issue a purchase allowance, which is a price reduction.
• The quantity of goods that were returned to the vendor under a purchase return is indicated.
• Purchase discounts are price reductions made in order to promote more product sales or early repayments.
• Freight costs are the costs associated with transporting the items from the seller's location to the buyer's location.
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QUESTION 4: PRICING Based on your knowledge of Pricing Strategies, recommend a pricing mix that has the best pricing mix ice Mix 1: • Price MX 2 se Sale Price: $19,500 id-tier Sale Price: $24,55 lly-Loaded Sale Price: 4,999 Price Mix 2: Base Sale Price: $20,000 Mid-tier Sale Price: $25,000 Fully-Loaded Sale Price: $30,000 Price Mix 3: Base Sale Price: $22,000 Mid-tier Sale Price: $24,00 Fully-Loaded Sale Price: $28,999
Price Mix 2 is recommended as the best pricing mix strategy. It includes three price tiers: a base sale price of $20,000, a mid-tier sale price of $25,000, and a fully-loaded sale price of $30,000.
The best pricing mix
This pricing mix caters to different customer segments by offering varying levels of features and benefits at different price points. It allows customers to choose a product based on their budget and desired features, increasing the likelihood of conversion and customer satisfaction.
The balanced pricing structure provides options for both price-sensitive customers and those willing to pay more for additional features. Overall, Price Mix 2 maximizes revenue potential by attracting a wider customer base and potentially facilitating upselling opportunities.
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Vera has a June credit card balance of $476.09. Her payment due date is June 27th, with a grace period of 5 days. If her payment is late, the credit card company charges a $30 late fee. Vera wants to pay the full amount to have a zero balance. How much should she pay if her online payment is processed on July 6th? $
Answer:
$506.09
Explanation:
Calculation for the amount she should pay if her online payment is processed on July 6th
Since we were told that Vera payment due date is June 27th in which she has a June credit card balance of the amount of $476.09 and a grace period of 5 days was given to her in a situation where Vera payment is late with a charges of the amount of $30 as late fee, this means that the if her online payment is been processed on July 6th and she want to pay the amount amount in full in order for her to have a zero balance she will have to pay the amount of $506.09 calculated as:
Amount to be paid=Credit card balance+Late fee charges
Amount to be paid= $476.09+$30
Amount to be paid=$506.09
Therefore the amount Vera should pay will be $506.09
Answer:
$506.09
Explanation:
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Question 3 (2 points)
Which of the following is NOT a way to balance a project?
..
O At the Enterprise Level
At the Business Case Level
.
O At the Program Level
At the Project Level
Answer:
1
Explanation:
at the bisiness casel level
Sylvester Motors Inc. has the following balances at the end of the accounting period:
Items
Amount
$
Plant and Machinery 80,000
Notes Payable 5,000
short-term loan payable in 7 months 40,000
Taxes Payable 4,000
Mortgage 30,000
What is the total of the current liabilities of Sylvester Motors?
A.
$45,000
B.
$85,000
C.
$49,000
D.
$34,000
Answer:
C $49,000
Explanation:
none
Consider a firm redesigning its logistics network. What are the advantages of having a small number of centrally located warehouses? What are the advantages of having a larger number of warehouses closer to the end customers?
Small centrally located warehouses offer cost efficiency and simplified inventory management, while larger warehouses closer to customers provide faster delivery, better customer service, and cost savings in shipping.
Having a small number of centrally located warehouses offers several advantages in a firm's logistics network:
Cost Efficiency: Centralized warehouses can lead to cost savings in terms of inventory management, transportation, and operational overheads. With fewer warehouses, the firm can benefit from economies of scale in procurement, storage, and distribution.
Simplified Inventory Management: Managing inventory becomes more streamlined when there are fewer warehouses. It allows for better control and visibility over stock levels, reducing the risk of stockouts or overstocking.
Faster Transit Times: With centrally located warehouses, products can be shipped more quickly to various regions since they are closer to major transportation hubs. This reduces lead times and improves overall customer satisfaction.
Improved Coordination: Centralized warehouses facilitate better coordination and synchronization of supply chain activities. It becomes easier to manage inbound and outbound logistics, optimize transportation routes, and consolidate shipments.
On the other hand, having a larger number of warehouses closer to end customers provides the following advantages:
Faster Delivery: Proximity to end customers enables faster order fulfillment and delivery. Products can reach customers more quickly, reducing transit times and improving responsiveness.
Enhanced Customer Service: Local warehouses allow for better customization and personalization of service. They can cater to specific regional preferences, offer faster response times to customer queries, and handle returns or exchanges more efficiently.
Lower Shipping Costs: By locating warehouses closer to customers, transportation costs can be reduced as products travel shorter distances. This can lead to cost savings in shipping expenses.
Flexibility and Redundancy: Having multiple warehouses distributed geographically provides redundancy and flexibility in the supply chain. It mitigates the risk of disruptions, such as natural disasters or transportation issues, as the firm can rely on alternative warehouse locations.
In summary, a small number of centrally located warehouses offer cost efficiency and streamlined inventory management, while a larger number of warehouses closer to end customers provide faster delivery, improved customer service, lower shipping costs, and increased flexibility.
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A person borrows $200that he must repay in a lump sum no more than 8 years from now. The interest rate is 8.5% annually compounded. The borrower can repay the loan at the end of any earlier year with no prepayment penalty.a.What amount will be due if the borrower repays the loan after 1 year
Answer:
$217
Explanation:
The option chosen is that repayment of the loan would take place after a year, in other words, after 1 year the borrower would repay the principal plus the interest that has accrued on the loan over the one year period.
1 year interest on loan=principal*interest rate
1 year interest on loan=$200*8.5%
1 year interest on loan=$ 17
total amount due in one year=$200+$17=$217
Alternatively, we can determine the worth of the loan after one year using the future value formula as shown thus:
FV=PV*(1+r)^n
PV=loan amount=$200
r=annual interest rate=8.5%
n=number of years=1
FV=$200*(1+8.5%)^1
FV=$217
4.2.9 Quiz: Selecting a Candidate and Making an Offer
Question 9 of 10
Which of the following is a way for an HR department to ensure it is following
up with job candidates in an EEO-compliant manner?
OA. They ensure that they have asked job candidates about their
willingness to work weekends.
OB. They ensure that have look at their budget before making a firm
offer on the wage or salary.
OC. They ensure that they ask job candidates about why they left their
last job or position.
OD. They ensure job candidates have been recruited from a wide
variety of minority channels.
One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.
What is EEO Compliance ?It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.
Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.
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2. Think about a product that exists here in the US that you think you could market in your chosen country. What product did you choose?
3. Who is the current target market for that product in the US?
(FYI: I chose Australia as my country) PLS HELP THXS!
2. An example of a product you can chose is: a plant-based protein powder that is currently marketed in the United States.
3. Health-conscious individuals is the target market.
What is a Target Market?A target market is a group of consumers or businesses that a company has identified as having common needs or characteristics that make them more likely to be interested in and purchase the company's products or services.
A target market is an essential aspect of a company's marketing strategy because it helps the company to focus its resources and efforts on the most relevant audience for its products or services.
2. For the purposes of this example, let's say the product you chose is a plant-based protein powder that is currently marketed in the United States.
3. The current target market for this product in the US is health-conscious individuals, especially those who follow a vegan or vegetarian diet, and who are interested in supplementing their diet with additional protein. The product is also marketed to individuals who are interested in fitness and athletic performance, as protein powder is often used to support muscle growth and recovery.
In Australia, there is also a growing market for plant-based products and a focus on health and wellness, so this product could potentially be marketed to a similar target audience. In addition to vegans and vegetarians, the product could also be marketed to individuals who are looking to reduce their meat consumption and those who are interested in sustainable and ethical food choices. The product could also be marketed to fitness enthusiasts and athletes, as there is a growing trend towards using plant-based protein sources in sports nutrition.
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when a monopoly drops the price to sell more units, the revenue received from previously sold units will also decrease. true or false?
True , when a monopoly drops the price to sell more units, the revenue received from previously sold units will also decrease.
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One year ago, James Sirlank bought Dell Computer common stock for $20 per share. Today the stock is selling for $19 per share. During the year, James received four dividend payments, each in the amount of $0.20per share. (a) What rate of return did James earn during the year? (b) What were the (1) dividend yield and (2) the capital gains yield associated with the stock for the year?
Tthe price of the share is down in the year so there will be no Capital gain (*5.26%) for the year but dividend of the the share received so there will be return (-1.05%) and dividend yield (4.21%) .
What will be the return and yield for the year ?Given in the question
Price = $ 20
Selling Price = $ 19
Dividend payment = $ 0.20 per share
As per question
(a) Rate of Return =
\(Total return = (Purchase price - (Sale price + dividend payment))/Purchase price \\ = (20-(19+(0.2*4))/19\\ = -1.05%\)
(b) (1) Dividend yield
\(Dividend Yield = Dividend payment / purchase \\ 0.2*4 / 19\\ = 4.21%\)
(2)
Capital Gain yield
\(Capital gain Yield = (Sale price- purchase price)/Purchase price\\ = (19-20)/20\\ = *5.25%\)
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which of these is representative of quantitative data
Joni buys coffee three times a week at the local donut shop is representative of quantitative data. The correct option is A.
Quantitative data consists of numerical quantities that can be quantified and statistically analyzed. In this scenario, the statement specifically mentions Joni's coffee consumption, revealing that she buys it three times a week. The number "three" signifies a quantity that may be calculated and compared. Quantitative analysis of this data can be used to determine average weekly coffee purchases or assess Joni's coffee intake in comparison to others.
Thus, the ideal selection is option A.
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Your Question seems incomplete most probably your complete Question was:
Which of these is representative of quantitative data?
A.Joni buys coffee three times a week at the local donut shop.
B. Andre prefers chocolate cake over vanilla.
C. Georgia prefers floral-scented soaps to sweet-scented soaps.
D. Sammy likes to watch horror movies more than comedy.
If a business has a surplus of goods, what is something they can do to raise demand?
Answer:
They can lower the price.
Explanation:
When goods are more cheaper, more people will want to buy their products. Or they could just sabotage the entire market (just kidding) Brainliest maybe?
Wages for a business should be about 32 percent of gross revenue. Does the Y Sample T-Shirt Company, INC make enough revenue to hire another employee?
Yes, the Y Sample T-Shirt Company, INC make enough revenue to hire another employee .
What is meant by "gross revenue"?A company's gross revenue, also known as its gross income, is the total amount of money it generates without taking into account any money that has been or will be spent on expenses.
How is the gross revenue calculated?The following equation can be used mathematically to represent it: Total sales volume divided by sales price per unit is gross revenue. Other income statement items like gross profit, operating income, and net profit are often calculated using the amount of gross sales.
What's the significance of gross profit?Gross profits are important because the analysis enables businesses to improve their performance. A company can get a better idea of how well it is managing its costs and marketing its products by looking at its gross profit figures over time.
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a person has 100$ to spend on two goods x and y whose respective price are 3$ and 5$. what happen to the original budget line if the budget falls by 25%?
Answer:
If the budget falls by 25%, then the new budget line would be:
x: 3*0.75 = 2.25
y: 5*0.75 = 3.75
Explanation:
What companies value comparative advantage in their business decisions?
A favorable environment for producing a certain type of good gives a company a comparative advantage in producing that good.
What is an comparative advantage?The ability of an economy to produce a specific good or service at a lower opportunity cost than its trading partners is referred to as comparative advantage. The concept of comparative advantage is used to explain why companies, countries, or individuals benefit from trade.
A variety of factors influence comparative advantage. A comparative advantage allows a company to lower its finished product prices, potentially leading to more sales. Before designing and manufacturing products, a company should determine which ones have a comparative advantage.
Therefore, companies value favorable environment as an comparative advantage in their business decisions.
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Each time a sale is recorded, two journal entries are also recorded to account for estimated sales returns.
Answer:
The given statement is False
Explanation:
The sale is recorded at the time when the company sells is products and services to the customer and for that the journal entry is to be passed
Now if there is a return of goods that are sold by the company to the customers, the journal entry is to be recorded for sales returns
So the entry is recorded for that good only i.e. return
Therefore there is no need to record two entries
Hence, the given statement is false
How accurately can managers plan for future human resources needs?
Answer:
Planning for future human resources needs is not an exact science. There are many contributing factorsthat can alter the plan. Planners have to account for promotions, retirements and employees leaving aswell as how sales affect the number of people needed.
credits to coursehero.
If I have bought 4 books and 2 pens plus tax each (you have to add the tax for each book and pen): $12.99, $12.99, $11.99, $7.99, $3.99, and $5.99. I gave them $60.00. The cashier gave me 32 cents back. Did the cashier give me the right amount of change back?
Answer:
To determine if the cashier gave you the correct amount of change back, we need to calculate the total cost of the books and pens, including tax, and compare it to the amount you paid.
The cost of the books with tax is:
$12.99 + $12.99 + $11.99 + $7.99 = $45.96
The cost of the pens with tax is:
$3.99 + $5.99 = $9.98
The total cost of the books and pens with tax is:
$45.96 + $9.98 = $55.94
You gave the cashier $60.00, and the cashier gave you 32 cents back.
So the amount you received back from the cashier is:
$60.00 - $55.94 = $4.06
The correct change you should have received is $4.06. Since the cashier gave you 32 cents back, it appears that the cashier did not give you the correct amount of change. You should have received $4.06 instead of 32 cents.
Therefore, it seems that the cashier made an error and did not give you the right amount of change back.
Your manager is very concerned about the cost of hiring the three new employees needed for your unit. As a result, she doesn’t want to post the advertisement in a variety of places; she thinks it’s best to just use a “refer a friend” recruitment strategy. When she moves forward with this strategy, ten people turn in résumés. Upon looking further, it appears all applicants went to the same private religious college and graduated around the same time. You are concerned that this method of recruitment lacks diversity. 1. How would you handle this matter with your manager?
It can handle as per three main steps to creating diversity plans, Assessment of diversity, Development of the diversity plan and Implementation of the plan.
What does recruiting strategy entail?Using a recruiting strategy, you should be able to find, attract, and hire the best individuals for your open roles. These are some basic guiding ideas that will help you locate the job seekers you require.The procedure entails determining the business's personnel needs, recruiting and locating qualified people, interviewing, screening, and hiring applicants. The duration of the procedure might range from a few days to several weeks or months, depending on the needs of the organization.Here are our four suggestions for luring the top applicants:
1) First, develop a strong employee value proposition (EVP).
2) Ensure that any chances for advancement or development are advertised.
3. Make sure your staff are promoting you because they are your best brand ambassadors.
4) Promote the principles of your company.
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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match each phrase that follows with the term it describes.
Clear All
Evaluation of how profit will change based on an alternative course of action
Possible result of using an inappropriate overhead allocation method
Revenue forgone from an alternative use of an asset
Strategy that focuses on reducing the influence of bottlenecks
Not relevant to future decisions
Product cost distortion
Opportunity cost
Differential analysis
Sunk cost
Theory of constraints
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match each phrase that follows with the term it describes.
Clear All
Recognizes that a dollar today is worth more than a dollar tomorrow
Often referred to as the discounted cash flow method
Also referred to as capital budgeting
Average income as a percentage of average investment
Can be determined by initial cost divided by annual net cash inflow of an investment
Cash payback period
Capital investment analysis
Average rate of return
Net present value method
Time value of money concept
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.
Match the following descriptions and examples with the four performance perspectives in the balanced scorecard.
Clear All
Focuses on operational efficiencies and issues like improving manufacturing performance
Focuses on obtaining and retaining customers and customer base
Focuses on traditional accounting measures of performance, such as net income and cash flow
Focuses on research and development initiatives and employee training, retention, and satisfaction efforts
Customer
Learning and growth
Internal processes
Financial
Answer:
1. Match each phrase that follows with the term it describes:
a. Evaluation of how profit will change based on an alternative course of action
Correct term: Differential analysis
b. Possible result of using an inappropriate overhead allocation metho
Correct term: Product cost distortion
c. Revenue forgone from an alternative use of an asset
Correct term: Opportunity cost
d. Strategy that focuses on reducing the influence of bottlenecks
Correct term: Theory of constraints
e. Not relevant to future decisions
Correct term: Sunk cost
2. Match each phrase that follows with the term it describes:
a. Recognizes that a dollar today is worth more than a dollar tomorrow
Correct term: Time value of money concept
b. Often referred to as the discounted cash flow method
Correct term: Net present value method
c. Also referred to as capital budgeting
Correct term: Capital investment analysis
d. Average income as a percentage of average investment
Correct term: Average rate of return
e. Can be determined by initial cost divided by annual net cash inflow of an investment
Correct term: Cash payback period
3. Match the following descriptions and examples with the four performance perspectives in the balanced scorecard:
a. Focuses on operational efficiencies and issues like improving manufacturing performance
Correct option: Internal processes
b. Focuses on obtaining and retaining customers and customer base
Correct option: Customer
c. Focuses on traditional accounting measures of performance, such as net income and cash flow
Correct option: Financial
d. Focuses on research and development initiatives and employee training, retention, and satisfaction efforts
Correct option: Learning and growth
Draw a graph with Goods Per Day on the vertical axis and Leisure Hours Per Day increasing from left to right on the horizontal axis. Show that a person who works can work fewer hours and increase utility when the wage rate increases.
The person's financial limitation would be represented by a curve that sloped from left to right, showing that the more free time someone has, the fewer things they can afford, and vice versa.
What does a graph with a market supply curve's vertical axis mean?In economics, the supply curve is a graphical depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply.
What products have vertical supply curves as examples?A vertical supply curve demonstrates that the supply of a certain commodity is fixed and unaffected by price. Helium, for instance, has a limited supply, hence the market will determine its price rather than increasing supply.
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What is motivation?
A. It is a combination of a belief about something and a feeling about
it that leads to a tendency to act.
B. It is the energy and desire to act in a certain way.
C. It is a set of beliefs, values, and actions shared by a group of
people.
D. It is a group that consumers use as a source of information.
Answer:
Try B I'm not exactly sure but I think it's B
A shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. On plotting these points he assumes that a quadratic function may fit to the data. Determine (i) the quadratic function that fits to the data (ii) Using the model, find the earning for the fourth week
I The quadratic function that fits to the data is: y = 20x² - 40x + 160
ii The shopkeeper is expected to earn Rs. 720 in the fourth week.
How to calculate the valuei We are given that the shopkeeper earns Rs. 280, Rs. 560 and Rs. 760 respectively in the 1st, 2nd and 3rd week of a month. So, we have the following three equations:
280 = a(1)² + b(1) + c
560 = a(2)² + b(2) + c
760 = a(3)² + b(3) + c
Solving these equations, we get the following values for a, b and c:
a = 20
b = -40
c = 160
Therefore, the quadratic function that fits to the data is: y = 20x² - 40x + 160
(ii) Using the model, find the earning for the fourth week
The fourth week is represented by x=4. So, the earning for the fourth week is given by:
y = 20(4)² - 40(4) + 160 = Rs. 720
Therefore, the shopkeeper is expected to earn Rs. 720 in the fourth week.
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Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee
The adjusting journal entry for GTI is as follows:
Adjusting Journal Entry:Date Account Titles Debit Credit
Dec. 31 Wages Expenses $720
Wages Payable $720
To accrue the two days' wages owed to two employees.What is an adjusting journal entry?An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.
Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.
Transaction Analysis:Wages Expenses $720 Wages Payable $720
Two Employees' wages for two days = $720 (180 x 2 x 2)
Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.
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Question Completion:Prepare the adjusting journal entry to record the accrual.
Example of a market for a good or service that is not rely on a physical store or location 
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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How important is a business plan?
Answer:
Hey mate.....
Explanation:
This is ur answer.....
Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions. Think of it as a roadmap to success, providing greater clarity on all aspects of your business, from marketing and finance to operations and product/service details.
Hope it helps!
Brainliest pls!
Follow me! ;)
Answer: Hewo, There! your Answer is Below
A business plan is a very important and strategic tool for entrepreneurs.
the purpose of a business plan is to help articulate a strategy for starting your business.
Explanation:
Hope this Helps you!!
Have a great day!!
A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed
The following data relate to direct labor costs for the current period:
Standard costs
9,000 hours at $5.50
Actual costs
8,500 hours at $5.75
What is the direct labor rate variance?
Answer:$2,125 unfavorable
Explanation:
Given
Standard costs 9,000 hours at $5.50
Actual costs 8,500 hours at $5.75
we have two formulas to calculate for direct labor rate variance is:
1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour
=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable
2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours
=Actual Hours x Actual Rate -Actual Hours x Standard Rate
= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)
$48,875 - $46,750 = $2,125 unfavorable
when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.
a. What is 15% of 1000?
b. A store is offering a 15% off sale on all TVs. The most popular television is normally priced at $1000. How much money would a customer save on the television during this sale?
$150
Explanation:
bc its is just that
Answer:
$150
Explanation:
15% of 1000
0.15 x 1000 =
150
Convert the percentage into a decimal and then multiply.
11. John rates Peter an average worker, “excellent” on all his performance evaluations. The rest of staff suspects that Peter gets high ratings because he graduated from the same prestigious university and was a member of the same fraternity as John. If this were accurate, what rating error has the staff identified? Explain your answer
Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.
This is because the Similarity Bias is a type of rating error where the rater rates a person or candidate higher than he deserves because they shared or have some similarities like having played for the same football team or attended the same school.There are other types of rating bias that do not apply to this situation.These include Halo bias and Leniency bias.Hence in this case the correct answer is "Similarity Bias"
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